FTI Consulting Past Earnings Performance
Past criteria checks 2/6
FTI Consulting has been growing earnings at an average annual rate of 3.9%, while the Professional Services industry saw earnings growing at 10.7% annually. Revenues have been growing at an average rate of 8% per year. FTI Consulting's return on equity is 19%, and it has net margins of 6.4%.
Key information
3.90%
Earnings growth rate
4.60%
EPS growth rate
| Professional Services Industry Growth | 10.99% |
| Revenue growth rate | 8.01% |
| Return on equity | 18.95% |
| Net Margin | 6.44% |
| Last Earnings Update | 30 Jun 2026 |
Recent past performance updates
Recent updates
Narrative Update • Jun 25
FCN: AI Risk Management And Buybacks Will Shape Future Earnings Resilience
Analysts trimmed their price target on FTI Consulting to $169 from $194, citing a tougher consulting backdrop and perceived AI related risk to parts of the business. Analyst Commentary Recent research on FTI Consulting highlights a mixed setup, with some analysts focusing on potential growth and others emphasizing near term execution risks and valuation constraints.Narrative Update • Jun 11
FCN: AI And Buybacks Will Shape Future Earnings Resilience And Risk Balance
Analysts have trimmed their average price target for FTI Consulting by $25 to $169, citing a tougher consulting backdrop and potential AI related pressure on parts of the business. Analyst Commentary Recent research updates point to a more cautious stance on FTI Consulting, with the latest moves centering on a reset of expectations rather than a clear directional call on the stock.Narrative Update • May 27
FCN: AI Platform Expansion Will Support Future Earnings Resilience
Analysts have trimmed the FTI Consulting price target by $2 to $174.50 as they factor in a tougher consulting backdrop and potential AI related pressure on certain business lines, while keeping forward assumptions on growth, margins, and P/E multiples broadly in line with prior views. Analyst Commentary Recent Street research on FTI Consulting points to a mix of optimism and caution, with valuation views adjusted for a tougher consulting setup and perceived AI related risks.Narrative Update • Apr 27
FCN: AI Adoption And New CFO Appointment Will Support Measured Future Prospects
Analysts have nudged their price target for FTI Consulting up by $3 to $176.50, reflecting updated views on its fair value, discount rate, margins, revenue outlook, and future P/E assumptions. What's in the News FTI Technology reported growing adoption of its IQ.AI platform among large corporate legal departments and law firms, and introduced IQ.AI Studio, a proprietary library of artificial intelligence tasks, models and processes for legal and investigative workflows (Key Developments).Narrative Update • Apr 10
FCN: AI Expansion And New CFO Appointment Will Support Measured Future Opportunity
Narrative Update on FTI Consulting The analyst price target for FTI Consulting has been adjusted slightly lower from $174.00 to $173.50 as analysts refine their assumptions around fair value, discount rate, profit margin and future P/E, while keeping revenue growth expectations effectively unchanged. What's in the News FTI Consulting provided full year 2026 guidance, with estimated revenues in a range of US$3.94b to US$4.10b and estimated EPS between US$8.90 and US$9.60 (company guidance).Narrative Update • Mar 26
FCN: AI Adoption And New Finance Leadership Will Support Measured Future Opportunity
Analysts have maintained their $174.00 price target on FTI Consulting, noting only marginal adjustments to assumptions such as discount rate, revenue growth, profit margin, and future P/E. These minor changes keep their overall valuation view effectively unchanged.Narrative Update • Mar 12
FCN: AI Adoption And Leadership Transition Will Support Measured Future Opportunity
Analysts have reduced their price target on FTI Consulting from $177.50 to $174.00, reflecting updated assumptions around the discount rate, revenue growth, profit margins, and future P/E expectations. What's in the News FTI Consulting highlighted growing adoption of IQ.AI by FTI Technology among large corporate legal departments and law firms, positioning the tool as a generative AI solution used across antitrust, data breach, cross border litigation, and complex investigations globally.Narrative Update • Feb 25
FCN: Stable Assumptions And Slightly Higher Multiple Will Support Upside Potential
Analysts have kept their $177.50 price target for FTI Consulting broadly unchanged, reflecting only minor tweaks to assumptions around the discount rate, revenue growth, profit margin and future P/E, and signaling a steady view of the company’s valuation drivers. Valuation Changes Fair Value: $177.50 remains unchanged, indicating no adjustment to the overall fair value estimate for FTI Consulting.Narrative Update • Feb 11
FCN: Steady Assumptions And Stable Multiple Will Support Balanced Outlook
Analysts have maintained their price target on FTI Consulting at US$177.50, citing only minor adjustments to assumptions such as discount rate, long-term revenue growth, profit margin, and forward P/E, which do not materially change their overall view. Valuation Changes Fair Value Estimate: Held steady at US$177.50, with no change to the overall price target.Narrative Update • Jan 27
FCN: Refined Assumptions And Modest Multiple Shift Will Guide Measured Upside
Analysts have adjusted their price target on FTI Consulting from US$172.00 to about US$177.50, reflecting updated assumptions around the discount rate, long term revenue growth, profit margin and future P/E levels. Valuation Changes Fair Value: updated from US$172.00 to about US$177.50, representing a modest uplift in the assessed share value.Narrative Update • Jan 09
FCN: Buybacks And Updated Guidance Will Shape Measured Return Potential
Analysts have raised their price target on FTI Consulting to US$172 from US$166, citing updated assumptions around the discount rate, revenue growth, profit margin, and future P/E that modestly adjust their valuation view. What's in the News From July 1, 2025 to October 21, 2025, FTI Consulting repurchased 1,895,254 shares, representing 5.9% of shares for US$309.77m under its ongoing buyback program (Key Developments).Seeking Alpha • Dec 18
FTI Consulting: Strong Q3, But Execution Was Never The Question
Summary FTI Consulting posted record Q3 2025 results, driven by Corporate Finance & Restructuring, but structural growth remains elusive. Economic Consulting and Technology segments underperformed, with EC revenues down 22% YoY and operating at a loss, limiting upside potential. Despite improved earnings quality and aggressive $234M buybacks, FCN’s business trajectory lacks a clear growth catalyst for rerating. I maintain a Hold rating, as FCN’s valuation reflects reliability and stability rather than a compelling growth story. Read the full article on Seeking AlphaNarrative Update • Dec 14
FCN: Buybacks And Higher Guidance Will Shape Measured Return Potential
Analysts have modestly raised their price target on FTI Consulting to $166.00. This reflects slightly lower perceived risk and steady expectations for revenue growth, profit margins, and valuation multiples.Narrative Update • Nov 30
FCN: Share Repurchases And Refinements To Outlook Will Shape Balanced Returns
Analysts have modestly raised their price target for FTI Consulting to $166.00. They cite minor positive adjustments to the discount rate and future price-earnings assumptions in their valuation models.Narrative Update • Nov 16
FCN: Share Repurchase Program and Outlook Updates Will Support Steady Performance
Analyst Price Target Update for FTI Consulting Analysts have maintained their fair value price target for FTI Consulting at $166.00. They cite stable growth and margin projections, with only minor adjustments to forecast assumptions.Narrative Update • Nov 01
FCN: Revenue Outlook Adjustments And CFO Transition Will Shape Next Chapter
Analysts have lowered their price target for FTI Consulting from $174.50 to $166.00, citing adjustments in revenue growth expectations, profit margins, and future valuation multiples. What's in the News FTI Consulting raised its full year 2025 earnings guidance, now estimating revenues between $3.685 billion and $3.735 billion and EPS between $7.62 and $8.12.Narrative Update • Oct 18
Global Regulatory Trends Will Expand International Service Markets
Narrative Update: FTI Consulting Analyst Price Target Adjustment Analysts have lowered their fair value estimate for FTI Consulting from $179.50 to $174.50, citing subtle changes in valuation assumptions and forward profit expectations. What's in the News Ajay Sabherwal, Chief Financial Officer of FTI Consulting, will leave the company on September 12, 2025.Narrative Update • Oct 04
Global Regulatory Trends Will Expand International Service Markets
Analysts have lowered their price target for FTI Consulting from $185.00 to $179.50, reflecting updated assessments of growth projections and profitability margins. What's in the News Chief Financial Officer Ajay Sabherwal will depart FTI Consulting on September 12, 2025.Analysis Article • Sep 04
What FTI Consulting, Inc.'s (NYSE:FCN) P/E Is Not Telling You
When close to half the companies in the United States have price-to-earnings ratios (or "P/E's") below 19x, you may...Analysis Article • Jul 27
Results: FTI Consulting, Inc. Beat Earnings Expectations And Analysts Now Have New Forecasts
FTI Consulting, Inc. ( NYSE:FCN ) defied analyst predictions to release its quarterly results, which were ahead of...Revenue & Expenses Breakdown
Revenue & Expenses Breakdown
How FTI Consulting makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 Jun 26 | 3,924 | 253 | 859 | 0 |
| 31 Mar 26 | 3,874 | 267 | 838 | 0 |
| 31 Dec 25 | 3,789 | 271 | 800 | 0 |
| 30 Sep 25 | 3,693 | 266 | 795 | 0 |
| 30 Jun 25 | 3,663 | 250 | 801 | 0 |
| 31 Mar 25 | 3,668 | 262 | 805 | 0 |
| 31 Dec 24 | 3,699 | 280 | 822 | 0 |
| 30 Sep 24 | 3,728 | 312 | 805 | 0 |
| 30 Jun 24 | 3,696 | 329 | 785 | 0 |
| 31 Mar 24 | 3,611 | 307 | 765 | 0 |
| 31 Dec 23 | 3,489 | 275 | 751 | 0 |
| 30 Sep 23 | 3,339 | 241 | 720 | 0 |
| 30 Jun 23 | 3,222 | 235 | 692 | 0 |
| 31 Mar 23 | 3,112 | 224 | 674 | 0 |
| 31 Dec 22 | 3,029 | 236 | 639 | 0 |
| 30 Sep 22 | 2,931 | 226 | 613 | 0 |
| 30 Jun 22 | 2,857 | 218 | 593 | 0 |
| 31 Mar 22 | 2,814 | 230 | 561 | 0 |
| 31 Dec 21 | 2,776 | 235 | 538 | 0 |
| 30 Sep 21 | 2,727 | 252 | 512 | 0 |
| 30 Jun 21 | 2,647 | 233 | 492 | 0 |
| 31 Mar 21 | 2,543 | 218 | 482 | 0 |
| 31 Dec 20 | 2,461 | 211 | 483 | 0 |
| 30 Sep 20 | 2,437 | 184 | 503 | 0 |
| 30 Jun 20 | 2,408 | 194 | 512 | 0 |
| 31 Mar 20 | 2,406 | 211 | 515 | 0 |
| 31 Dec 19 | 2,353 | 217 | 502 | 0 |
| 30 Sep 19 | 2,255 | 211 | 488 | 0 |
| 30 Jun 19 | 2,175 | 195 | 478 | 0 |
| 31 Mar 19 | 2,081 | 174 | 466 | 0 |
| 31 Dec 18 | 2,028 | 151 | 465 | 0 |
| 30 Sep 18 | 1,991 | 194 | 458 | 0 |
| 30 Jun 18 | 1,927 | 182 | 445 | 0 |
| 31 Mar 18 | 1,859 | 133 | 434 | 0 |
| 31 Dec 17 | 1,808 | 108 | 430 | 0 |
| 30 Sep 17 | 1,782 | 48 | 435 | 0 |
| 30 Jun 17 | 1,771 | 38 | 437 | 0 |
| 31 Mar 17 | 1,786 | 69 | 438 | 0 |
| 31 Dec 16 | 1,810 | 86 | 435 | 0 |
| 30 Sep 16 | 1,811 | 89 | 434 | 0 |
| 30 Jun 16 | 1,828 | 77 | 433 | 0 |
| 31 Mar 16 | 1,817 | 73 | 434 | 0 |
| 31 Dec 15 | 1,779 | 66 | 433 | 0 |
| 30 Sep 15 | 1,762 | 57 | 432 | 0 |
Quality Earnings: FCN has high quality earnings.
Growing Profit Margin: FCN's current net profit margins (6.4%) are lower than last year (6.8%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: FCN's earnings have grown by 3.9% per year over the past 5 years.
Accelerating Growth: FCN's earnings growth over the past year (1.2%) is below its 5-year average (3.9% per year).
Earnings vs Industry: FCN earnings growth over the past year (1.2%) did not outperform the Professional Services industry 8.8%.
Return on Equity
High ROE: FCN's Return on Equity (19%) is considered low.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/08/06 04:57 |
| End of Day Share Price | 2026/08/06 00:00 |
| Earnings | 2026/06/30 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
FTI Consulting, Inc. is covered by 15 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Daniel Leben | Baird |
| Samuel England | Berenberg |
| Joseph Foresi | Brean Capital Historical (Janney Montgomery) |