FTI Consulting (FCN) AI Stock Analysis

• Market Cap: $4.84B
• Dividend Yield: N/A
• Average Volume (3M): 367.92K
• Price to Earnings (P/E): 20.3
• Beta (1Y): 0.46
• Revenue Growth: -0.95%
• EPS Growth: -10.54%
• Country: US
• Employees: 8,105
• Sector: Industrials
• Sector Strength: 72
• Industry: Consulting Services
• EPS (TTM): 1.78
• Shares Outstanding: 30,876,070
• 10 Day Avg. Volume: 353,558
• 30 Day Avg. Volume: 367,920
• PEG Ratio: -13.90
• Price to Book (P/B): 2.98
• Price to Sales (P/S): 1.82
• P/FCF Ratio: 16.92
• Enterprise Value/Market Cap: 1.19
• Enterprise Value/Revenue: 1.56
• Enterprise Value/Gross Profit: 4.89
• Enterprise Value/Ebitda: 14.07
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): 9.48
• Revenue Forecast (FY): $3.96B

• Rating: 76 Outperform
• Price Target: $207.00 ▲(12.81% Upside)
• Action: Reiterated Date: 12/09/25
• Date: Action: Reiterated 12/09/25

FTI Consulting's strong financial performance and positive earnings call are the most significant factors driving the score. Technical indicators support a stable outlook, while valuation metrics suggest moderate pricing. Challenges in cash flow and specific segments are areas to watch.

Positive Factors

Revenue growth & margins

Sustained, high single-digit to double-digit top-line expansion combined with healthy gross and positive net margins indicates a scalable fee-for-service model. This durable revenue base supports reinvestment in talent and capabilities, aiding long-term margin retention and growth.

Strength in Corp. Finance & Forensic/Litigation

Outperformance in high-fee, deal-driven segments (corporate finance, restructuring, forensic/litigation) delivers outsized margins and deal-size upside. These practices are often countercyclical and generate large engagements, providing durable revenue resilience and margin support across cycles.

Strategic talent & investments

Deliberate hiring and strategic investments expand bench strength and capacity to staff large, complex engagements. Building human capital is a long-term competitive asset for advisory firms, enabling market share gains, faster client onboarding, and sustained service delivery quality.

Negative Factors

Weak cash conversion

Low operating-cash-to-net-income and worsening FCF growth suggest reported profits are not fully converting to cash. Over months this can constrain capital allocation flexibility, limit M&A or buyback capacity, and force reliance on financing to fund growth or strategic initiatives.

Economic Consulting demand decline

A large, persistent drop in demand for antitrust and economic consulting work reduces exposure to a typically high-margin advisory area. If structural, this shrinks the firm’s diversified revenue mix, pressures segment profitability, and may require repositioning or investment to restore demand.

Technology segment softness

Declining Technology revenues, tied to lower M&A-related second-request services, reveal sensitivity to deal activity. Prolonged weakness can undermine a growth channel for analytics and tech-enabled services, necessitating product diversification or pricing adjustments to sustain long-term growth.

FTI Consulting Business Overview & Revenue Model

Company Description

FTI Consulting, Inc. provides business advisory services to manage change, mitigate risk, and resolve disputes worldwide. The company operates through five segments: Corporate Finance & Restructuring, Forensic and Litigation Consulting, Economic Consulting, Technology, and Strategic Communications. Its Corporate Finance & Restructuring segment provides business transformation, transactions, and turnaround and restructuring services. The company's Forensic and Litigation Consulting segment offers. construction and environmental solution, data and analytics, dispute, health solution, and risk and investigation services. Its Economic Consulting segment provides. antitrust and competition economic, financial economic, and international arbitration services. The company's Technology segment offers corporate legal operation; e-discovery and expertise; and information governance, privacy, and security services. Its Strategic Communications segment provides corporate reputation, financial communication, and public affairs services. The company serves aerospace and defense, agriculture, airlines and aviation, automotive and industrial, construction, energy, power and products, environmental solutions, financial services, healthcare and life sciences, hospitality, gaming and leisure, insurance, mining, private equity, public sector, real estate, retail and consumer products, telecom, media and technology, and transportation and logistics industries. The company was founded in 1982 and is headquartered in Washington, District of Columbia.

How the Company Makes Money

FTI Consulting generates revenue primarily through its consulting services, which are billed on a fee-for-service basis. The company has several key revenue streams, including fees from its financial consulting, economic consulting, and forensic and litigation consulting services. Additionally, FTI earns income from strategic communications and technology-related services. The firm's revenue is significantly bolstered by its ability to secure long-term contracts with clients, particularly in high-demand areas such as crisis management and regulatory compliance. FTI also benefits from strategic partnerships and alliances that enhance its service offerings and market reach, further contributing to its overall earnings.

FTI Consulting Financial Statement Overview

Summary

FTI Consulting shows strong revenue growth and solid profitability, supported by a stable balance sheet with moderate leverage. However, cash flow performance indicates areas for improvement, particularly in converting income into cash.

Income Statement

FTI Consulting demonstrates strong revenue growth with a TTM revenue growth rate of 82.3%, indicating robust expansion. The company maintains healthy profitability margins, with a gross profit margin of 31.9% and a net profit margin of 7.2% in the TTM period. However, there is a slight decline in net profit margin compared to the previous year, suggesting some pressure on net earnings.

Balance Sheet

The company's balance sheet is stable with a manageable debt-to-equity ratio of 0.42 in the TTM period, reflecting moderate leverage. Return on equity is solid at 13.2%, indicating efficient use of equity capital. However, a decrease in stockholders' equity compared to the previous year could be a concern if it continues.

Cash Flow

FTI Consulting's cash flow performance shows some weaknesses, with a negative free cash flow growth rate of -10.6% in the TTM period. The operating cash flow to net income ratio is low at 0.13, indicating potential issues in converting income into cash. Despite this, the free cash flow to net income ratio remains strong at 89.3%, suggesting good cash generation relative to net income.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	3.69B	3.70B	3.49B	3.03B	2.78B	2.46B
Gross Profit	1.18B	1.18B	1.14B	962.93M	860.72M	788.56M
EBITDA	409.91M	405.81M	419.93M	353.34M	363.33M	325.30M
Net Income	266.05M	280.09M	274.89M	235.51M	234.97M	210.68M
Balance Sheet
Total Assets	3.49B	3.60B	3.33B	3.24B	3.10B	2.78B
Cash, Cash Equivalents and Short-Term Investments	145.97M	660.49M	328.68M	491.69M	494.49M	294.95M
Total Debt	735.99M	242.15M	257.64M	568.70M	564.01M	490.52M
Total Liabilities	1.74B	1.34B	1.34B	1.56B	1.52B	1.38B
Stockholders Equity	1.75B	2.26B	1.98B	1.68B	1.58B	1.40B
Cash Flow
Free Cash Flow	96.13M	397.72M	174.98M	135.47M	286.82M	292.22M
Operating Cash Flow	107.69M	395.10M	224.46M	188.79M	355.48M	327.07M
Investing Cash Flow	-63.82M	-10.16M	-73.83M	-60.06M	-79.09M	-60.12M
Financing Cash Flow	-287.79M	-15.38M	-354.66M	-106.01M	-61.67M	-360.05M

FTI Consulting Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 183.50
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FCN, the sentiment is Negative. The current price of 183.5 is above the 20-day moving average (MA) of 167.87, above the 50-day MA of 173.09, and above the 200-day MA of 166.38, indicating a bearish trend. The MACD of -4.66 indicates Positive momentum. The RSI at 39.27 is Neutral, neither overbought nor oversold. The STOCH value of 28.55 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FCN.

FTI Consulting Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CRAI	78 Outperform	$1.03B	18.87	27.83%	0.97%	8.69%	34.58%
EXPO	78 Outperform	$3.50B	33.91	26.13%	1.66%	4.90%	-1.52%
FCN	76 Outperform	$4.84B	20.34	13.30%	―	-0.95%	-10.54%
ICFI	74 Outperform	$1.39B	14.16	9.88%	0.65%	-3.81%	-7.05%
BAH	71 Outperform	$9.13B	11.25	74.53%	2.60%	2.42%	3.05%
HURN	70 Outperform	$2.18B	22.80	21.20%	―	12.50%	29.40%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%

FTI Consulting Corporate Events

FTI Consulting Extends CEO Contract Amid Leadership Changes

On December 8, 2025, FTI Consulting extended the employment agreement of CEO Steven H. Gunby until June 6, 2029, with automatic one-year renewals unless terminated earlier. Additionally, the company announced the appointment of Ulrike Rabl as Chief Human Resources Officer, effective January 1, 2026, succeeding Holly Paul, who will transition to a senior advisory role. This leadership change is part of FTI Consulting’s strategy to continue its organic growth and enhance its global human capital strategy.

The most recent analyst rating on (FCN) stock is a Buy with a $194.00 price target. To see the full list of analyst forecasts on FTI Consulting stock, see the FCN Stock Forecast page.

FTI Consulting Signs New London Office Lease Agreement

On November 21, 2025, FTI Consulting entered into an agreement for leases with PNBJ I Limited for its London office, covering approximately 80,664 rentable square feet, with an option to expand to 102,828 square feet. The leases, expected to commence on September 25, 2027, have a 15-year term with a break option at the 10th year, and rental payments totaling approximately $115 million, subject to market reviews every five years.

The most recent analyst rating on (FCN) stock is a Buy with a $187.00 price target. To see the full list of analyst forecasts on FTI Consulting stock, see the FCN Stock Forecast page.