15 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 9.0% per year over the past 5 years.
Net income has grown slower than revenue (5.2% vs 9.0% per year).
Operating margin has contracted, at 10.3% in the latest year.
Free cash flow has declined 20.4% per year over the past 5 years.
Financial health
Total debt ($365M) exceeds cash ($265M); net debt is $100M.
Total debt has grown slower than revenue (5.0% vs 9.0% per year).
Operating income covered interest expense 18× in the latest year.
Total debt is 0.8× EBITDA.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
2025
$3.8B
$271M
32.1%
10.3%
15.6%
7.8%
$94M
$365M
$265M
2024
$3.7B
$280M
32.0%
9.4%
12.4%
7.8%
$360M
$0
$660M
2023
$3.5B
$275M
32.5%
10.8%
13.9%
8.3%
$175M
$0
$303M
2022
$3.0B
$236M
31.8%
10.0%
14.0%
7.3%
$135M
$315M
$492M
2021
$2.8B
$235M
31.0%
11.2%
14.8%
7.6%
$287M
$297M
$494M
2020
$2.5B
$211M
32.0%
11.5%
15.0%
7.6%
$292M
$286M
$295M
2019
$2.4B
$217M
34.8%
13.0%
14.6%
7.8%
$176M
$276M
$369M
2018
$2.0B
$151M
34.5%
11.1%
11.2%
6.3%
$198M
$266M
$312M
2017
$1.8B
$108M
32.8%
6.0%
9.1%
4.8%
$116M
$396M
$190M
2016
—
$86M
—
—
7.1%
3.8%
$205M
$366M
$216M
2015
—
$66M
—
—
5.8%
3.0%
—
$500M
$150M
2014
—
$59M
—
—
5.3%
2.5%
—
$711M
$284M
2013
—
-$11M
—
—
-1.0%
-0.4%
$151M
$717M
$206M
2012
—
-$37M
—
—
-3.5%
-1.6%
$92M
$723M
$157M
2011
—
$104M
—
—
9.4%
4.3%
$143M
$794M
$264M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
Sep '26
$1.0B
$63M
34.6%
8.9%
4.8%
1.8%
$182M
$851M
$88M
Jun '26
$993M
$58M
31.8%
8.6%
4.3%
1.6%
$141M
$1.0B
$164M
Mar '26
$983M
$58M
31.2%
8.5%
3.5%
1.6%
-$321M
$754M
$198M
Dec '25
$991M
$55M
31.1%
9.4%
3.1%
1.6%
$351M
$365M
$265M
Sep '25
$956M
$83M
33.3%
12.3%
4.7%
2.4%
$187M
$510M
$146M
Jun '25
$944M
$72M
32.1%
10.5%
3.8%
2.1%
$38M
$470M
$153M
Mar '25
$898M
$62M
32.2%
8.8%
2.9%
1.8%
-$483M
$160M
$151M
Dec '24
$895M
$50M
30.2%
5.9%
2.2%
1.4%
$302M
$0
$660M
Sep '24
$926M
$66M
32.2%
9.8%
3.0%
1.9%
$212M
—
$386M
Jun '24
$949M
$84M
32.8%
11.0%
3.9%
2.5%
$125M
$60M
$226M
Mar '24
$929M
$80M
32.6%
10.7%
3.9%
2.4%
-$279M
$205M
$244M
Dec '23
$925M
$82M
33.6%
12.4%
4.1%
2.5%
$377M
$0
$303M
Sep '23
$893M
$83M
33.0%
12.0%
4.5%
2.5%
$92M
$285M
$201M
Jun '23
$865M
$62M
32.0%
10.3%
3.5%
1.9%
-$22M
$341M
$204M
Mar '23
$807M
$48M
31.4%
8.3%
2.8%
1.5%
-$272M
$361M
$239M
Dec '22
$774M
$47M
32.1%
9.4%
2.8%
1.5%
$215M
$315M
$492M
Sep '22
$776M
$77M
32.1%
11.3%
4.7%
2.5%
$115M
$315M
$327M
Jun '22
$755M
$51M
31.1%
8.5%
3.2%
1.7%
$22M
$314M
$256M
Mar '22
$724M
$59M
31.9%
11.0%
3.7%
2.0%
-$216M
$329M
$271M
Dec '21
$676M
$38M
28.4%
7.5%
2.4%
1.2%
$183M
$297M
$494M
Valuation over time
How the market has priced FCN against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has fallen from 22.8× (Mar '23) to 19.5× (Nov '26).
The price-to-sales ratio has fallen from 1.8× (Mar '23) to 1.4× (Nov '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Frequently asked questions
Is FCN growing its revenue and profit?
Over the past 5 years, Fti Consulting, Inc's revenue has grown 9.0% per year, and net income grown 5.2% per year. These are computed facts, not advice.
How much debt does FCN have?
As of FY2025, Fti Consulting, Inc reported $365M of total debt against $265M of cash; operating income covered interest expense 18×.
What is FCN's profit margin?
In FY2025, gross margin was 32.1%, operating margin 10.3%, and net margin 7.1%.
What is FCN's P/E ratio?
Fti Consulting, Inc's P/E (TTM) is 22.63 as of the 2026-11-03 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the FCN stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 19.5× as of Nov '26) can differ. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.