Fti Consulting IncFti Consulting Inc
Fti Consulting Inc

Fti Consulting Inc

FCN
Industrials·Professional Services

FTI Consulting, Inc. engages in the provision of financial, legal, operational, political and regulatory, reputational and transactional advisory services. It operates through the following segments: Corporate Finance, Forensic and Litigation Consulting, Economic Consulting, Technology, and Strategic Communications. The Corporate Finance segment focuses on the strategic, operational, financial, and capital needs of clients. The Forensic and Litigation Consulting segment offers law firms, companies, government clients, and other interested parties with multidisciplinary, independent dispute advisory, investigations, data analytics, forensic accounting, business intelligence, risk mitigation services, and interim management services for health solutions practice clients. The Economic Consulting segment relates to the analysis of complex economic issues for use in legal, regulatory and international arbitration proceedings, strategic decision making, and public policy debates for law firms, companies, government entities, and other interested parties. The Technology segment includes a portfolio of information governance, e-discovery and data analytics software, services, and consulting support to corporations, law firms, courts, and government agencies. The Strategic Communications segment designs and executes communications strategies for management teams and boards of directors relating to managing financial, regulatory and reputational challenges, navigating market disruptions, articulating brand, staking a competitive position, and preserving and growing operations. The company was founded by Dan Luczak and Joseph Reynolds in 1982 and is headquartered in Washington, DC.

District Of Columbia; U.S.A
Market cap
No dataNo data
Revenue
$3.8B+2.4% YoY
Net income
$270.9M−3.3% YoY
Free cash flow
$93.6M−74.0% YoY

Market

Listed stock
FCNPriceNYSE
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Financial performance

Revenue
$3.8B+2.4% YoY
Operating income
$389.1M+12.0% YoY
Net income
$270.9M−3.3% YoY
Free cash flow
$93.6M−74.0% YoY

Revenue, profit & cash trend

Revenue
Operating income
Net income
Free cash flow
Reference
Revenue: 2021 $2.8B, 2022 $3B, 2023 $3.5B, 2024 $3.7B, 2025 $3.8B. Operating income: 2021 $312M, 2022 $303.9M, 2023 $377.6M, 2024 $347.4M, 2025 $389.1M. Net income: 2021 $235M, 2022 $235.5M, 2023 $274.9M, 2024 $280.1M, 2025 $270.9M. Free cash flow: 2021 $286.8M, 2022 $135.5M, 2023 $175M, 2024 $359.7M, 2025 $93.6M. Reference line: Reference at $0.

Growth & profitability

Revenue growth
2.4%−356 bps YoY
Gross margin
No dataNo data
Operating margin
No dataNo data
FCF margin
No dataNo data

Earnings power over time

Operating income
Net income
Free cash flow
Operating income: 2021-12-31 $312M, 2022-12-31 $303.9M, 2023-12-31 $377.6M, 2024-12-31 $347.4M, 2025-12-31 $389.1M. Net income: 2021-12-31 $235M, 2022-12-31 $235.5M, 2023-12-31 $274.9M, 2024-12-31 $280.1M, 2025-12-31 $270.9M. Free cash flow: 2021-12-31 $286.8M, 2022-12-31 $135.5M, 2023-12-31 $175M, 2024-12-31 $359.7M, 2025-12-31 $93.6M

Growth heatmap

2022202320242025CAGR
Revenue
+9.1%
+15.2%
+6.0%
+2.4%
+8.1%
Gross profit
+11.9%
+17.9%
+4.1%
+3.0%
+9.1%
Operating income
-2.6%
+24.2%
-8.0%
+12.0%
+5.7%
Free cash flow
-52.8%
+29.2%
+105.6%
-74.0%
-24.4%

Earnings quality

Operating cash flow
$152.1M−61.5% YoY
Net income
$270.9M−3.3% YoY
Free cash flow
$93.6M−74.0% YoY
Diluted EPS
No dataNo data

Cash conversion quality

Operating cash flow
Free cash flow
Net income = 100%
Operating cash flow: 2025-12-31 56%, 2024-12-31 141%, 2023-12-31 82%, 2022-12-31 80%, 2021-12-31 151%. Free cash flow: 2025-12-31 35%, 2024-12-31 128%, 2023-12-31 64%, 2022-12-31 58%, 2021-12-31 122%. Reference line: Net income = 100% at 100%.

Per-share economics

Diluted EPS
Latest
No data
FCF / share
Latest
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Diluted shares
Latest
No data

Financial flexibility

Cash & equivalents
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Total debt
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Net debt
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Current ratio
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Cash Coverage of Debt

Cash / Total debt
No data

Returns

Return on equity
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Return on assets
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Return on invested capital
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Asset turnover
No dataNo data

Return on capital

No data

Valuation

Price to earnings
No dataNo data
Price to sales
No dataNo data
EV / EBITDA
No dataNo data
Free cash flow yield
No dataNo data

Valuation vs its own 5Y history

Metric
Own five-year range
Current
Own 5Y median
Position in own range
Price to earnings
No data
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Price to sales
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EV / EBITDA
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Free cash flow yield
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