FTI CONSULTING, INC

EDGAR

Annual consolidated revenue for 2025: about USD 3.789B, using the latest reported figures. The previous period, 2024, was about USD 3.699B.

Watchlist

Latest quarter

Revenue

1.01 billion USD

2026 Q3 · USD

Exact inputs and evidence
  • Revenue: 1012563000 USD Source

Operating margin

8.87%

2026 Q3 · %

Exact inputs and evidence
  • Operating Income: 89840000 USD Source
  • Revenue: 1012563000 USD Source

Operating cash flow

190 million USD

2026 Q3 · USD

Exact inputs and evidence
  • Operating Cash Flow: 32679000 USD Source
  • Operating Cash Flow: -157729000 USD Source

Free cash flow

182 million USD

2026 Q3 · USD

Exact inputs and evidence
  • Operating Cash Flow: 32679000 USD Source
  • Operating Cash Flow: -157729000 USD Source
  • Capital Expenditure: 30340000 USD Source
  • Capital Expenditure: 21885000 USD Source
Cash and cash equivalents
88.1 million USD Source
Exact value

88097000 USD

Long-term debt including current maturities
851 million USD Source
Exact value

851383000 USD

Shares outstanding
27.2 million shares Source
Exact value

27200000 shares

Reported share-count change

-13.10% · -4.1 million shares

Year-over-year change in reported shares. Splits, issuance and buybacks can affect this figure; it does not isolate employee compensation or economic dilution.

Exact inputs and evidence
  • 31300000 shares · 2025-09-30· Source
  • 27200000 shares · 2026-09-30· Source

Trailing twelve months

The four most recent complete quarters added together. This gives a full-year view that includes the latest quarterly results.

Revenue

3.98 billion USD

2025-10-01 – 2026-09-30

Exact inputs and evidence
  • Revenue: 3788857000 USD · 2025-01-01 – 2025-12-31 Source
  • Revenue: 2798111000 USD · 2025-01-01 – 2025-09-30 Source
  • Revenue: 983345000 USD · 2026-01-01 – 2026-03-31 Source
  • Revenue: 993464000 USD · 2026-04-01 – 2026-06-30 Source
  • Revenue: 1012563000 USD · 2026-07-01 – 2026-09-30 Source

Net income

233 million USD

2025-10-01 – 2026-09-30

Exact inputs and evidence
  • Net income: 270871000 USD · 2025-01-01 – 2025-12-31 Source
  • Net income: 216340000 USD · 2025-01-01 – 2025-09-30 Source
  • Net income: 57631000 USD · 2026-01-01 – 2026-03-31 Source
  • Net income: 57810000 USD · 2026-04-01 – 2026-06-30 Source
  • Net income: 63449000 USD · 2026-07-01 – 2026-09-30 Source

Operating cash flow

392 million USD

2025-10-01 – 2026-09-30

Exact inputs and evidence
  • Operating cash flow: 152132000 USD · 2025-01-01 – 2025-12-31 Source
  • Operating cash flow: -207624000 USD · 2025-01-01 – 2025-09-30 Source
  • Operating cash flow: -310023000 USD · 2026-01-01 – 2026-03-31 Source
  • Operating cash flow: -157729000 USD · 2026-01-01 – 2026-06-30 Source
  • Operating cash flow: -310023000 USD · 2026-01-01 – 2026-03-31 Source
  • Operating cash flow: 32679000 USD · 2026-01-01 – 2026-09-30 Source
  • Operating cash flow: -157729000 USD · 2026-01-01 – 2026-06-30 Source

Capital expenditure

38.7 million USD

2025-10-01 – 2026-09-30

Exact inputs and evidence
  • Capital expenditure: 58531000 USD · 2025-01-01 – 2025-12-31 Source
  • Capital expenditure: 50142000 USD · 2025-01-01 – 2025-09-30 Source
  • Capital expenditure: 10618000 USD · 2026-01-01 – 2026-03-31 Source
  • Capital expenditure: 21885000 USD · 2026-01-01 – 2026-06-30 Source
  • Capital expenditure: 10618000 USD · 2026-01-01 – 2026-03-31 Source
  • Capital expenditure: 30340000 USD · 2026-01-01 – 2026-09-30 Source
  • Capital expenditure: 21885000 USD · 2026-01-01 – 2026-06-30 Source

Free cash flow

354 million USD

2025-10-01 – 2026-09-30

Exact inputs and evidence
  • Operating cash flow: 152132000 USD · 2025-01-01 – 2025-12-31 Source
  • Operating cash flow: -207624000 USD · 2025-01-01 – 2025-09-30 Source
  • Operating cash flow: -310023000 USD · 2026-01-01 – 2026-03-31 Source
  • Operating cash flow: -157729000 USD · 2026-01-01 – 2026-06-30 Source
  • Operating cash flow: -310023000 USD · 2026-01-01 – 2026-03-31 Source
  • Operating cash flow: 32679000 USD · 2026-01-01 – 2026-09-30 Source
  • Operating cash flow: -157729000 USD · 2026-01-01 – 2026-06-30 Source
  • Capital expenditure: 58531000 USD · 2025-01-01 – 2025-12-31 Source
  • Capital expenditure: 50142000 USD · 2025-01-01 – 2025-09-30 Source
  • Capital expenditure: 10618000 USD · 2026-01-01 – 2026-03-31 Source
  • Capital expenditure: 21885000 USD · 2026-01-01 – 2026-06-30 Source
  • Capital expenditure: 10618000 USD · 2026-01-01 – 2026-03-31 Source
  • Capital expenditure: 30340000 USD · 2026-01-01 – 2026-09-30 Source
  • Capital expenditure: 21885000 USD · 2026-01-01 – 2026-06-30 Source

Company performance

Up to ten complete financial years · consolidated figures

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-10-30.

Financial data available through: 2025-12-31.

Coverage by financial measure
  • Revenue: 11 of 11 periods available· newest 2025-12-31
  • Operating income: 11 of 11 periods available· newest 2025-12-31
  • Net income: 11 of 11 periods available· newest 2025-12-31
  • Operating cash flow: 11 of 11 periods available· newest 2025-12-31
  • Capital expenditure: 11 of 11 periods available· newest 2025-12-31
  • Total assets: 11 of 11 periods available· newest 2025-12-31
  • Total liabilities: 11 of 11 periods available· newest 2025-12-31
  • Current assets: 11 of 11 periods available· newest 2025-12-31
  • Current liabilities: 11 of 11 periods available· newest 2025-12-31
  • Cash and cash equivalents: 11 of 11 periods available· newest 2025-12-31
  • Long-term debt including current maturities: 11 of 11 periods available· newest 2025-12-31
  • Shares outstanding: 11 of 11 periods available· newest 2025-12-31

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

  • Revenue

    +2.4%

    Prior period

    USD 3.7 billion

    –

    Current period

    USD 3.79 billion

    –

    Exact inputs and evidence

    3788857000 − 3698652000 = 90205000 USD

    3698652000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    3788857000 USD · 2025-01-01 – 2025-12-31

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  • Net income

    -3.3%

    Prior period

    USD 280.09 million

    –

    Current period

    USD 270.87 million

    –

    Exact inputs and evidence

    270871000 − 280088000 = -9217000 USD

    280088000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    270871000 USD · 2025-01-01 – 2025-12-31

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  • Operating cash flow

    -61.5%

    Prior period

    USD 395.1 million

    –

    Current period

    USD 152.13 million

    –

    Exact inputs and evidence

    152132000 − 395097000 = -242965000 USD

    395097000 USD · 2024-01-01 – 2024-12-31

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    152132000 USD · 2025-01-01 – 2025-12-31

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  • Capital expenditure

    +65.3%

    Prior period

    USD 35.41 million

    –

    Current period

    USD 58.53 million

    –

    Exact inputs and evidence

    58531000 − 35408000 = 23123000 USD

    35408000 USD · 2024-01-01 – 2024-12-31

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    58531000 USD · 2025-01-01 – 2025-12-31

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Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2025 2025-01-01 – 2025-12-31

  • Revenue USD 3.79 billion 100% of revenue
  • Operating costs Derived USD 3.4 billion 90% of revenue
  • Operating income USD 389.08 million 10% of revenue
  • Tax, interest and other Derived USD 118.21 million 3.1% of revenue
  • Net income USD 270.87 million 7.1% of revenue

Cash

  • Operating cash flow USD 152.13 million 4% of revenue
  • Capital expenditure USD 58.53 million 1.5% of revenue
  • Free cash flow Derived USD 93.6 million 2.5% of revenue

Share of revenue by period

  • Net income
  • Tax, interest and other
  • Operating costs
  • 2016 92%
  • 2017 94%
  • 2018 89%
  • 2019 9.2%87%
  • 2020 89%
  • 2021 89%
  • 2022 90%
  • 2023 89%
  • 2024 91%
  • 2025 90%
Values and sources
Revenue breakdown by annual reporting period
PeriodRevenueOperating costsOperating incomeTax, interest and otherNet incomeFree cash flowSource
2016 2016-01-01 – 2016-12-311810394000 1668238000 Derived 142156000 56636000 Derived 85520000 204553000 Derived
Source
2017 2017-01-01 – 2017-12-311807732000 1699021000 Derived 108711000 749000 Derived 107962000 115621000 Derived
Source
2018 2018-01-01 – 2018-12-312027877000 1801872000 Derived 226005000 75394000 Derived 150611000 198402000 Derived
Source
2019 2019-01-01 – 2019-12-312352717000 2047122000 Derived 305595000 88869000 Derived 216726000 176071000 Derived
Source
2020 2020-01-01 – 2020-12-312461275000 2178612000 Derived 282663000 71981000 Derived 210682000 292220000 Derived
Source
2021 2021-01-01 – 2021-12-312776222000 2464174000 Derived 312048000 77082000 Derived 234966000 286818000 Derived
Source
2022 2022-01-01 – 2022-12-313028908000 2725030000 Derived 303878000 68364000 Derived 235514000 135475000 Derived
Source
2023 2023-01-01 – 2023-12-313489242000 3111681000 Derived 377561000 102669000 Derived 274892000 174982000 Derived
Source
2024 2024-01-01 – 2024-12-313698652000 3351290000 Derived 347362000 67274000 Derived 280088000 359689000 Derived
Source
2025 2025-01-01 – 2025-12-313788857000 3399780000 Derived 389077000 118206000 Derived 270871000 93601000 Derived
Source

Amounts are exact, in USD.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

USD 3.8B 2025
Revenue historyRevenue reported for each complete financial period. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.4.1B3.1B2.0B1.0B0.0201620212025
Values and sources
Revenue values and source evidence
PeriodSeriesValue(USD)Source evidence
2016Revenue1810394000
2017Revenue1807732000
2018Revenue2027877000
2019Revenue2352717000
2020Revenue2461275000
2021Revenue2776222000
2022Revenue3028908000
2023Revenue3489242000
2024Revenue3698652000
2025Revenue3788857000

Revenue growth

Change in revenue from the same financial period one year earlier.

2.4% 2025
Revenue growth historyChange in revenue from the same financial period one year earlier. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.17.3%12.6%7.9%3.2%-1.4%201620212025
Values and sources
Revenue growth values and source evidence
PeriodSeriesValueSource evidence
2016Year over year1.8%
2017Year over year-0.1%
2018Year over year12.2%
2019Year over year16%
2020Year over year4.6%
2021Year over year12.8%
2022Year over year9.1%
2023Year over year15.2%
2024Year over year6%
2025Year over year2.4%

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin 10.3% 2025
Net margin 7.1% 2025
Free cash flow margin 2.5% 2025
Profit margins historyOperating income, net income and free cash flow as a share of revenue. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.14.0%10.5%7.0%3.5%0.0%201620212025
  • Operating margin
  • Net margin
  • Free cash flow margin
Values and sources
Profit margins values and source evidence
PeriodSeriesValueSource evidence
2016Operating margin7.9%
2017Operating margin6%
2018Operating margin11.1%
2019Operating margin13%
2020Operating margin11.5%
2021Operating margin11.2%
2022Operating margin10%
2023Operating margin10.8%
2024Operating margin9.4%
2025Operating margin10.3%
2016Net margin4.7%
2017Net margin6%
2018Net margin7.4%
2019Net margin9.2%
2020Net margin8.6%
2021Net margin8.5%
2022Net margin7.8%
2023Net margin7.9%
2024Net margin7.6%
2025Net margin7.1%
2016Free cash flow margin11.3%
2017Free cash flow margin6.4%
2018Free cash flow margin9.8%
2019Free cash flow margin7.5%
2020Free cash flow margin11.9%
2021Free cash flow margin10.3%
2022Free cash flow margin4.5%
2023Free cash flow margin5%
2024Free cash flow margin9.7%
2025Free cash flow margin2.5%

Operating cash flow

Cash generated by the company’s normal business operations.

USD 152.1M 2025
Operating cash flow historyCash generated by the company’s normal business operations. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.426.7M320.0M213.4M106.7M0.0201620212025
Values and sources
Operating cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2016Operating cash flow233488000
2017Operating cash flow147625000
2018Operating cash flow230672000
2019Operating cash flow217886000
2020Operating cash flow327069000
2021Operating cash flow355483000
2022Operating cash flow188794000
2023Operating cash flow224461000
2024Operating cash flow395097000
2025Operating cash flow152132000

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

USD 93.6M 2025
Free cash flow historyOperating cash flow minus capital expenditure for the same period and unit. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.388.5M291.3M194.2M97.1M0.0201620212025
Values and sources
Free cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2016Free cash flow204553000
2017Free cash flow115621000
2018Free cash flow198402000
2019Free cash flow176071000
2020Free cash flow292220000
2021Free cash flow286818000
2022Free cash flow135475000
2023Free cash flow174982000
2024Free cash flow359689000
2025Free cash flow93601000

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

50.3% 2025
Liabilities to assets historyTotal liabilities as a share of total assets. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.54%41%27%14%0%201620212025
Values and sources
Liabilities to assets values and source evidence
PeriodSeriesValueSource evidence
2016Liabilities / assets45.7%
2017Liabilities / assets47.2%
2018Liabilities / assets43.3%
2019Liabilities / assets46.5%
2020Liabilities / assets49.6%
2021Liabilities / assets48.9%
2022Liabilities / assets48.1%
2023Liabilities / assets40.4%
2024Liabilities / assets37.2%
2025Liabilities / assets50.3%

Current assets to current liabilities

Current assets divided by current liabilities.

1.56× 2025
Current assets to current liabilities historyCurrent assets divided by current liabilities. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.2.23×1.68×1.12×0.56×0.00×201620212025
Values and sources
Current assets to current liabilities values and source evidence
PeriodSeriesValueSource evidence
2016Current assets / current liabilities2.07×
2017Current assets / current liabilities1.94×
2018Current assets / current liabilities2×
2019Current assets / current liabilities1.92×
2020Current assets / current liabilities1.69×
2021Current assets / current liabilities1.91×
2022Current assets / current liabilities1.96×
2023Current assets / current liabilities1.74×
2024Current assets / current liabilities1.95×
2025Current assets / current liabilities1.56×

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
PeriodNet incomeOperating cash flowCapital expenditureFree cash flow
2016 2016-01-01 – 2016-12-31
USD 85.52 million
Exact value

Exact value: 85520000 USD

2016-01-01 – 2016-12-31: 85520000 USD Inspect Net Income Open source
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USD 233.49 million
Exact value

Exact value: 233488000 USD

2016-01-01 – 2016-12-31: 233488000 USD Inspect Operating Cash Flow Open source
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USD 28.94 million
Exact value

Exact value: 28935000 USD

2016-01-01 – 2016-12-31: 28935000 USD Inspect Capital Expenditure Open source
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USD 204.55 million
Calculation and evidence

233488000 − 28935000 USD

Exact free cash flow: 204553000 USD

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2017 2017-01-01 – 2017-12-31
USD 107.96 million
Exact value

Exact value: 107962000 USD

2017-01-01 – 2017-12-31: 107962000 USD Inspect Net Income Open source
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USD 147.63 million
Exact value

Exact value: 147625000 USD

2017-01-01 – 2017-12-31: 147625000 USD Inspect Operating Cash Flow Open source
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USD 32 million
Exact value

Exact value: 32004000 USD

2017-01-01 – 2017-12-31: 32004000 USD Inspect Capital Expenditure Open source
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USD 115.62 million
Calculation and evidence

147625000 − 32004000 USD

Exact free cash flow: 115621000 USD

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2018 2018-01-01 – 2018-12-31
USD 150.61 million
Exact value

Exact value: 150611000 USD

2018-01-01 – 2018-12-31: 150611000 USD Inspect Net Income Open source
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USD 230.67 million
Exact value

Exact value: 230672000 USD

2018-01-01 – 2018-12-31: 230672000 USD Inspect Operating Cash Flow Open source
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USD 32.27 million
Exact value

Exact value: 32270000 USD

2018-01-01 – 2018-12-31: 32270000 USD Inspect Capital Expenditure Open source
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USD 198.4 million
Calculation and evidence

230672000 − 32270000 USD

Exact free cash flow: 198402000 USD

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2019 2019-01-01 – 2019-12-31
USD 216.73 million
Exact value

Exact value: 216726000 USD

2019-01-01 – 2019-12-31: 216726000 USD Inspect Net Income Open source
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USD 217.89 million
Exact value

Exact value: 217886000 USD

2019-01-01 – 2019-12-31: 217886000 USD Inspect Operating Cash Flow Open source
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USD 41.82 million
Exact value

Exact value: 41815000 USD

2019-01-01 – 2019-12-31: 41815000 USD Inspect Capital Expenditure Open source
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USD 176.07 million
Calculation and evidence

217886000 − 41815000 USD

Exact free cash flow: 176071000 USD

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2020 2020-01-01 – 2020-12-31
USD 210.68 million
Exact value

Exact value: 210682000 USD

2020-01-01 – 2020-12-31: 210682000 USD Inspect Net Income Open source
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USD 327.07 million
Exact value

Exact value: 327069000 USD

2020-01-01 – 2020-12-31: 327069000 USD Inspect Operating Cash Flow Open source
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USD 34.85 million
Exact value

Exact value: 34849000 USD

2020-01-01 – 2020-12-31: 34849000 USD Inspect Capital Expenditure Open source
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USD 292.22 million
Calculation and evidence

327069000 − 34849000 USD

Exact free cash flow: 292220000 USD

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2021 2021-01-01 – 2021-12-31
USD 234.97 million
Exact value

Exact value: 234966000 USD

2021-01-01 – 2021-12-31: 234966000 USD Inspect Net Income Open source
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USD 355.48 million
Exact value

Exact value: 355483000 USD

2021-01-01 – 2021-12-31: 355483000 USD Inspect Operating Cash Flow Open source
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USD 68.67 million
Exact value

Exact value: 68665000 USD

2021-01-01 – 2021-12-31: 68665000 USD Inspect Capital Expenditure Open source
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USD 286.82 million
Calculation and evidence

355483000 − 68665000 USD

Exact free cash flow: 286818000 USD

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2022 2022-01-01 – 2022-12-31
USD 235.51 million
Exact value

Exact value: 235514000 USD

2022-01-01 – 2022-12-31: 235514000 USD Inspect Net Income Open source
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USD 188.79 million
Exact value

Exact value: 188794000 USD

2022-01-01 – 2022-12-31: 188794000 USD Inspect Operating Cash Flow Open source
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USD 53.32 million
Exact value

Exact value: 53319000 USD

2022-01-01 – 2022-12-31: 53319000 USD Inspect Capital Expenditure Open source
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USD 135.48 million
Calculation and evidence

188794000 − 53319000 USD

Exact free cash flow: 135475000 USD

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2023 2023-01-01 – 2023-12-31
USD 274.89 million
Exact value

Exact value: 274892000 USD

2023-01-01 – 2023-12-31: 274892000 USD Inspect Net Income Open source
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USD 224.46 million
Exact value

Exact value: 224461000 USD

2023-01-01 – 2023-12-31: 224461000 USD Inspect Operating Cash Flow Open source
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USD 49.48 million
Exact value

Exact value: 49479000 USD

2023-01-01 – 2023-12-31: 49479000 USD Inspect Capital Expenditure Open source
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USD 174.98 million
Calculation and evidence

224461000 − 49479000 USD

Exact free cash flow: 174982000 USD

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2024 2024-01-01 – 2024-12-31
USD 280.09 million
Exact value

Exact value: 280088000 USD

2024-01-01 – 2024-12-31: 280088000 USD Inspect Net Income Open source
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USD 395.1 million
Exact value

Exact value: 395097000 USD

2024-01-01 – 2024-12-31: 395097000 USD Inspect Operating Cash Flow Open source
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USD 35.41 million
Exact value

Exact value: 35408000 USD

2024-01-01 – 2024-12-31: 35408000 USD Inspect Capital Expenditure Open source
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USD 359.69 million
Calculation and evidence

395097000 − 35408000 USD

Exact free cash flow: 359689000 USD

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2025 2025-01-01 – 2025-12-31
USD 270.87 million
Exact value

Exact value: 270871000 USD

2025-01-01 – 2025-12-31: 270871000 USD Inspect Net Income Open source
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USD 152.13 million
Exact value

Exact value: 152132000 USD

2025-01-01 – 2025-12-31: 152132000 USD Inspect Operating Cash Flow Open source
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USD 58.53 million
Exact value

Exact value: 58531000 USD

2025-01-01 – 2025-12-31: 58531000 USD Inspect Capital Expenditure Open source
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USD 93.6 million
Calculation and evidence

152132000 − 58531000 USD

Exact free cash flow: 93601000 USD

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Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

209 filings · 8,714 latest values · 8,714 originally reported values

Dataset published . Source filing dates and reporting periods are shown separately.

Identifiers: 0000887936, 887936, FCN, edgar:887936

Also known as FORENSIC TECHNOLOGIES INTERNATIONAL CORP, FTI CONSULTING INC, FTI CONSULTING, INC, FTI CONSULTING, INC., FTI Consulting, Inc.