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
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
FCF
Total debt
Cash
2025
$3.8B
$271M
32.1%
10.3%
$94M
$365M
$265M
2024
$3.7B
$280M
32.0%
9.4%
$360M
$0
$660M
2023
$3.5B
$275M
32.5%
10.8%
$175M
$0
$303M
2022
$3.0B
$236M
31.8%
10.0%
$135M
$315M
$492M
2021
$2.8B
$235M
31.0%
11.2%
$287M
$297M
$494M
2020
$2.5B
$211M
32.0%
11.5%
$292M
$286M
$295M
2019
$2.4B
$217M
34.8%
13.0%
$176M
$276M
$369M
2018
$2.0B
$151M
34.5%
11.1%
$198M
$266M
$312M
2017
$1.8B
$108M
32.8%
6.0%
$116M
$396M
$190M
2016
—
$86M
—
—
$205M
$366M
$216M
2015
—
$66M
—
—
—
$500M
$150M
2014
—
$59M
—
—
—
$711M
$284M
2013
—
-$11M
—
—
$151M
$717M
$206M
2012
—
-$37M
—
—
$92M
$723M
$157M
2011
—
$104M
—
—
$143M
$794M
$264M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
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
FCF
Total debt
Cash
Mar '26
$983M
$58M
31.2%
8.5%
-$321M
$754M
$198M
Dec '25
$991M
$55M
31.1%
9.4%
$351M
$365M
$265M
Sep '25
$956M
$83M
33.3%
12.3%
$187M
$510M
$146M
Jun '25
$944M
$72M
32.1%
10.5%
$38M
$470M
$153M
Mar '25
$898M
$62M
32.2%
8.8%
-$483M
$160M
$151M
Dec '24
$895M
$50M
30.2%
5.9%
$302M
$0
$660M
Sep '24
$926M
$66M
32.2%
9.8%
$212M
—
$386M
Jun '24
$949M
$84M
32.8%
11.0%
$125M
$60M
$226M
Mar '24
$929M
$80M
32.6%
10.7%
-$279M
$205M
$244M
Dec '23
$925M
$82M
33.6%
12.4%
$377M
$0
$303M
Sep '23
$893M
$83M
33.0%
12.0%
$92M
$285M
$201M
Jun '23
$865M
$62M
32.0%
10.3%
-$22M
$341M
$204M
Mar '23
$807M
$48M
31.4%
8.3%
-$272M
$361M
$239M
Dec '22
$774M
$47M
32.1%
9.4%
$215M
$315M
$492M
Sep '22
$776M
$77M
32.1%
11.3%
$115M
$315M
$327M
Jun '22
$755M
$51M
31.1%
8.5%
$22M
$314M
$256M
Mar '22
$724M
$59M
31.9%
11.0%
-$216M
$329M
$271M
Dec '21
$676M
$38M
28.4%
7.5%
$183M
$297M
$494M
Sep '21
$702M
$69M
32.8%
12.6%
$172M
$319M
$343M
Jun '21
$711M
$63M
31.0%
11.8%
$106M
$392M
$257M
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 25.2× (Mar '23) to 15.6× (Jun '26).
The price-to-sales ratio has fallen from 2.0× (Mar '23) to 1.1× (Jun '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?
As of Jun '26, Fti Consulting, Inc traded at a price-to-earnings ratio of about 15.6× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. 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), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.