FTI Consulting (FCN) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

FTI Consulting

NYSE•Industrials•Consulting Services

$191.77+8.93(0.05%)Pre-market

Market Cap

$5.13B

P/E

22.0x

P/S

1.3x

P/B

3.9x

FTI Consulting, Inc. provides business advisory services to manage change, mitigate risk, and resolve disputes worldwide. The company operates through Corporate Finance; Forensic and Litigation Consulting; Economic Consulting; and Technology, and Strategic Communications segments. The Corporate Finance segment provides transactions, transformation and turnaround, and restructuring services. The Forensic and Litigation Consulting segment offers construction, projects and assets and environmental solutions, data and analytics, dispute advisory services, healthcare risk management and advisory, and risk and investigations, which include cybersecurity and financial services-related offerings. The Economic Consulting segment provides antitrust and competition economics, financial economics, and international arbitration services. The Technology segment offers blockchain and digital assets, information governance, privacy and security, investigations, litigation, M&A, and antitrust and competition services. The Strategic Communications segment provides corporate reputation, financial communications, and public affairs services. It serves aerospace and defense, airlines and aviation, blockchain and digital assets, chemicals, construction and environmental solutions, energy, financial services, food and agribusiness, healthcare and life sciences, hospitality, gaming and leisure, automotive and industrial, insurance, mining, power and products, renewable and energy transition, professional services, public sector and government contracts, real estate, retail and consumer products, telecom, media and technology, and transportation and logistics sectors. The company was incorporated in 1982 and is headquartered in Washington, the District of Columbia.

How this company scores

GoodMetricSide Score: 67/100

Strongest: Cash & Earnings Quality (23/25); weakest: Balance Sheet & Red Flags (14/25).

Profitability15/25

Growth15/25

Balance Sheet & Red Flags14/25

Cash & Earnings Quality23/25

Strengths

Rising free cash flowHigh ROECash-backed earningsConsistent growth

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 22.0x5y range 17.0x – 30.9x

Currently near its 20-quarter median.

P/S · 1.3x5y range 1.1x – 2.4x

Currently below its 20-quarter median.

P/B · 3.9x5y range 2.7x – 4.2x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

Some Concerns

Margin Pressure

Watch

Operating margins declined 5.6% — watch for continued compression, which may signal competitive or cost pressure.

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 3 quarters — monitor for earnings quality deterioration.

Price & Volume

Market Cap $5.13B

Metrics at a Glance

as of September 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $3.98B
Q. Revenue: $1.01B
TTM EBITDA: $425.19M
TTM Op. Income: $352.21M
Q. Op. Income: $89.84M
TTM Net Income: $233.42M
Q. Net Income: $63.45M
EPS: $2.37
Shares Out.: $26.74M

$3.98B in TTM revenue grew 7.8% YoY, reaching $1.01B last quarter. TTM EBITDA of $425.19M and TTM operating income of $352.21M show growth is flowing through to the bottom line. TTM net income of $233.42M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 5 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 34.6%
EBITDA Margin: 10.1%
Op. Margin: 8.9%
Net Margin: 6.3%

Op. margin of 8.9% is down 3.4% YoY — costs are rising relative to revenue. Net margin at 6.3% and gross margin of 34.6% show how much of each revenue dollar survives to profit. Across the last 8 quarters, operating margin has risen for 2 consecutive quarters — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 22.0x
P/S Ratio: 1.3x
P/B Ratio: 3.9x

At 22.0x P/E, the stock trades within typical market levels. P/S of 1.3x and P/B of 3.9x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is up 15% — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $3.46B
Cash: $88.10M
Long-Term Debt: $851.38M
Book Value: $1.32B
D/E Ratio: 0.6
Debt/EBITDA: 8.3

With $3.46B in assets and $851.38M in long-term debt, D/E is 0.6and book value is $1.32B — a conservative capital structure with a cushion to weather downturns. Over the past year, debt/equity is up 121% — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $190.41M
TTM Free Cash Flow: $353.71M
FCF Margin: 8.9%
FCF / Net Income: 1.5

TTM FCF of $353.71M on $190.41M in operating cash flow. The FCF / Net Income ratio of 1.5x means free cash flow covers net income — earnings are backed by cash. Over the past year, free cash flow is up 706% — a weakening trend.