FCN FTI Consulting, Inc. Common Stock

NYSE · Professional Services · View on SEC EDGAR ↗
$154.41
Price · Aug 19, 2026
Fundamentals as of Jul 30, 2026

About FTI Consulting, Inc. Common Stock Company overview from Wikipedia

FTI Consulting is a business consultancy firm founded in 1982 and headquartered in Washington, D.C., United States. The company specializes in corporate finance and restructuring, economic consulting, forensic and litigation consulting, strategic communications, technology and strategy consulting. FTI Consulting employs more than 7,700 staff in 31 countries and is one of the largest financial consulting firms worldwide.

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FTI Consulting (earlier Forensics Technologies International) is a business consultancy firm founded in 1982 and headquartered in Washington, D.C., United States. The company specializes in corporate finance and restructuring, economic consulting, forensic and litigation consulting, strategic communications, technology and strategy consulting. FTI Consulting employs more than 7,700 staff in 31 countries and is one of the largest financial consulting firms worldwide.

The firm was involved in the Lehman Brothers and General Motors bankruptcies, the investigation into the Bernard Madoff fraud, Bush v. Gore, the Major League Baseball steroid investigation, and public relations works for fossil fuel industry clients.

As of January 2020, FTI Consulting had the largest restructuring business in the US. As of December 31, 2023, FTI's clients include 98 of the world's top 100 law firms as ranked by The American Lawyer Global 100 list, 83 out of the Fortune 100 companies, 64 of the top 100 private equity firms on the Private Equity International 300 list and 38 out of the world's top 50 bank holding companies. In addition, FTI also serves a range of federal, state and local government agencies.

History and acquisitions

Forensic Technologies International was founded in 1982 by two engineers, Joseph Reynolds and Daniel Luczak, to provide expert witnesses for litigation and visual presentations to demonstrate complex technical issues for juries. Luczak later served as FTI's chairman from 1992 to 1998. The company went public in May 1996, raising $11.1 million and debuting at $8.50 a share. It was one of the first litigation support companies to be publicly traded.

Forensic Technologies International rebranded itself as FTI Consulting in 1998, and in 1999 began trading on the New York Stock Exchange as FCN. After 1998, FTI's business focused increasingly on "financial surgery on troubled companies, either through bankruptcy proceedings or in workout situations with creditors."

The company added over 1,000 employees to its Forensic and Litigation Consulting ("FLC") division since the passing of the 2002 Sarbanes-Oxley Act, which excluded auditors from providing consulting work to their public clients. FTI Consulting purchased PricewaterhouseCoopers' U.S. Business Recovery Services Division ("BRS") for $250 million in 2002, which at the time was the largest provider of bankruptcy, turnaround, and business restructuring services in the United States. The company purchased KPMG's Dispute Advisory Services in 2003. The company purchased Chicago-based Compass Lexecon in 2003, maintaining the name as a subsidiary.

FTI acquired Ringtail Solutions Group in 2005. Ringtail's signature product, the Ringtail Discovery Software Suite, provides e-discovery and document management tools to assist corporations and law firms during litigation engagements. FTI acquired Attenex Corporation in 2008 and merged Attenex Patterns with Ringtail Discovery Software Suite to form Ringtail 8 E-discovery Software.

In 2006, the company acquired the London-based communications consultancy Financial Dynamics ("FD"). FD is now referred to as the Strategic Communications Division of FTI. In 2007, FTI expanded into Latin America and reported US$1 billion in annual revenue for the first time.

In 2008, FTI purchased the Schonbraun McCann Group, a real estate consulting firm based in New York, and Forensic Accounting, a forensic accounting practice based in the UK.

In 2010, FS Asia Advisory Limited was acquired in Hong Kong, expanding FTI's activities in Asia. In January 2014, FTI Consulting acquired London-based TLG Partners, which produced a series of annual thought leader indexes. In the same month, Steven H. Gunby was named the firm's new president and chief executive officer.

In 2012, FTI Consulting acquired KordaMentha partner, KordaMentha (Qld), starting its financial advisory business in Australia. In 2016, it acted as liquidator of Queensland Nickel and pressed payments to creditors by owner Clive Palmer who, while working to return the operation to profitability after acquiring it, allegedly drained the company to fuel mostly his political career despite a fall in the nickel price at the time. In 2025, it acted as liquidator of Mosaic Brands, as well as logistics giant XL Express.

In 2015, The Deal named FTI Consulting the world's top restructuring adviser to distressed companies.

In 2017, the company acquired the CDG Group, a leading restructuring advisory, turnaround management, value enhancement, and transaction advisory firm in New York.

In 2019, FTI Consulting acquired Andersch AG, a leading German restructuring and advisory firm, as part of its strategic expansion in Europe.

Criticism and controversies

In 2020, the New York Times reported on FTI consulting's work for the fossil fuel industry. Reporting found that FTI had helped to design, staff and run organizations and websites funded by energy companies that were made to appear to represent grass-roots support for fossil-fuel initiatives.

In 2023, the company was hired by Johnny & Associates to manage a press conference addressing sexual abuse by its late founder Johnny Kitagawa. The Japanese public broadcaster NHK reported that the consulting firm had a 'blacklist' of journalists to avoid calling on during the event. FTI admitted the existence of the 'blacklist' as well as a list of reporters who should preferably be given a chance to ask a question. The firm also admitted the lists were given to the conference modulator. Their concern about some reporters who would spend long periods talking about their own opinions or ask thoughtless questions (or remarks) that could be unnecessarily stressful and painful to the victims watching the press conference was given as a reason to prepare the list. FTI told the press that their press conference policy was confirmed with the talent agency. On whether it is a good system to prepare such lists, Akihiro Nojiri, Senior Managing Director of Strategic Communications at FTI Consulting Japan Office, said, "Well, I don't think I am in a position to judge whether it is good or not."

Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗

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FCN Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

Price
$154.41
Market Cap
$4.77B
P/E (TTM)
18.7
EPS (TTM)
$8.24
Revenue (TTM)
$3.79B
Div Yield
ROE
14.9%
Debt/Equity
0.2
52W Range
$138 – $189

FCN Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

10-Year Performance Revenue, net income, margins and EPS trends

Revenue & Net Income $3.79B
10-point trend, +109.3%
2016-12-31 2025-12-31
EPS $8.24
10-point trend, +302.0%
2016-12-31 2025-12-31
Free Cash Flow $94M
10-point trend, -54.2%
2016-12-31 2025-12-31
Margins 7.1%
2-point trend, +0.5%
2024-12-31 2025-12-31

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric
5Y trend
FCN
Peer Median
P/E (TTM)
5-point trend, -10.1%
18.7
19.6
P/S (TTM)
5-point trend, -26.7%
1.3
1.0
P/B
5-point trend, -8.6%
2.7
3.1
EV / EBITDA
5-point trend, +1.6%
12.5
Price / FCF
5-point trend, +206.7%
50.9

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Metric
5Y trend
FCN
Peer Median
Gross Margin
2-point trend, +0.5%
32.1%
26.1%
Operating Margin
5-point trend, -8.6%
10.3%
Net Profit Margin
5-point trend, -15.5%
7.1%
4.3%
ROA
5-point trend, -4.4%
7.6%
6.0%
ROE
5-point trend, -0.8%
14.9%
13.2%
ROIC
5-point trend, +3.4%
13.5%

Financial Health Debt, liquidity, solvency — balance sheet strength

Metric
5Y trend
FCN
Peer Median
Debt / Equity
5-point trend, +3.0%
0.2
Current Ratio
5-point trend, -18.4%
1.6
1.7
Quick Ratio
5-point trend, -23.2%
1.3

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Metric
5Y trend
FCN
Peer Median
Revenue YoY
5-point trend, +36.5%
2.4%
Revenue CAGR 3Y
5-point trend, +36.5%
7.8%
Revenue CAGR 5Y
5-point trend, +36.5%
9.0%
EPS YoY
5-point trend, +23.9%
5.5%
Net Income YoY
5-point trend, +15.3%
-3.3%

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Metric
5Y trend
FCN
Peer Median
EPS (Diluted)
5-point trend, +23.9%
$8.24

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Metric
5Y trend
FCN
Peer Median

FCN Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

BUY 8 analysts
  • Strong Buy 2 25.0%
  • Buy 2 25.0%
  • Hold 4 50.0%
  • Sell 0 0.0%
  • Strong Sell 0 0.0%

12-Month Price Target

2 analysts · 2026-08-17
Median target $175.50 +13.7%
Mean target $175.50 +13.7%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

Avg Surprise
0.21%
Period EPS Actual EPS Est Surprise
June 30, 2026 $2.16 $2.28 -0.12%
March 31, 2026 $1.90 $2.09 -0.19%
Dec. 31, 2025 $1.78 $1.48 0.30%
Sept. 30, 2025 $2.60 $2.01 0.59%
June 30, 2025 $2.13 $1.92 0.21%
March 31, 2025 $2.29 $1.81 0.48%

Peer comparison (GICS sub-industry) Key metrics vs sector peers

Ticker Market Cap P/E Rev YoY Net Margin ROE Gross Margin
FCN $5.27B 20.7 2.4% 7.1% 14.9% 32.1%
AMTM $6.32B 96.1 71.6% 0.46% 1.5%
ANDG 14.6% -0.28% 3.5%
PSN $3.47B 28.1 -5.7% 3.8% 9.5%
KBR $5.12B 12.6 0.99% 5.3% 28.1% 14.8%
AMTM $6.32B 96.1 71.6% 0.46% 1.5%
EXPO 33.9 4.2% 18.2% 25.9%
CBZ $2.74B 27.6 52.1% 4.2% 12.9%
HURN 29.6 11.7% 6.2% 20.9%
INOD $1.65B 55.4 47.6% 12.8% 37.7% 39.5%

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

Income Statement 16
Annual Income Statement data for FCN
Metric Trend 202520242023202220212020201920182017201620152014
Revenue 12-point trend, +115.7% $3.79B $3.70B $3.49B $3.03B $2.78B $2.46B $2.35B $2.03B $1.81B $1.81B $1.78B $1.76B
Cost of Revenue 12-point trend, +124.6% $2.57B $2.52B $2.35B $2.07B $1.92B $1.67B $1.53B $1.33B $1.22B $1.21B $1.17B $1.14B
Gross Profit 4-point trend, +26.4% $1.22B $1.18B $1.14B $963M · · · · · · · ·
SG&A Expense 12-point trend, +84.3% $800M $822M $751M $641M $538M $488M $504M $466M $432M $437M $433M $434M
Operating Expenses 12-point trend, +111.3% $3.40B $3.35B $3.11B $2.73B $2.46B $2.18B $2.05B $1.80B $1.70B $1.67B $1.61B $1.61B
Operating Income 12-point trend, +163.9% $389M $347M $378M $304M $312M $283M $306M $226M $109M $142M $165M $147M
Interest Expense 10-point trend, -71.7% · · $14M $10M $20M $20M $19M $27M $25M $25M $43M $51M
Other Non-op 12-point trend, -67.9% $529.0K $1M $-736.0K $-758.0K $274.0K $-48.0K $356.0K $-732.0K $-139.0K $1M $-824.0K $2M
Pretax Income 12-point trend, +265.8% $371M $351M $358M $298M $298M $262M $288M $208M $87M $128M $105M $101M
Income Tax 12-point trend, +135.0% $100M $71M $83M $62M $63M $52M $72M $57M $-21M $42M $39M $43M
Net Income 12-point trend, +360.6% $271M $280M $275M $236M $235M $211M $217M $151M $108M $86M $66M $59M
EPS (Basic) 12-point trend, +462.8% $8.33 $7.96 $8.10 $6.99 $7.02 $5.92 $5.89 $4.06 $2.79 $2.09 $1.62 $1.48
EPS (Diluted) 12-point trend, +472.2% $8.24 $7.81 $7.71 $6.58 $6.65 $5.67 $5.69 $3.93 $2.75 $2.05 $1.58 $1.44
Shares (Basic) 12-point trend, -18.1% 32,531,000 35,208,000 33,924,000 33,693,000 33,489,000 35,602,000 36,774,000 37,098,000 38,697,000 40,943,000 40,846,000 39,726,000
Shares (Diluted) 12-point trend, -19.3% 32,881,000 35,845,000 35,646,000 35,783,000 35,337,000 37,149,000 38,111,000 38,318,000 39,192,000 41,709,000 41,729,000 40,729,000
EBITDA 12-point trend, +163.9% $389M $347M $378M $304M $312M $283M $306M $226M $109M $142M $165M $147M
Balance Sheet 29
Annual Balance Sheet data for FCN
Metric Trend 202520242023202220212020201920182017201620152014
Cash & Equivalents 12-point trend, -6.6% $265M $660M $303M $492M $494M $295M $369M $312M $190M $216M $150M $284M
Short-term Investments 3-point trend, +0.00 · $0 $25M $0 · · · · · · · ·
Receivables 12-point trend, +113.9% $1.04B $1.02B $1.10B $896M $754M $711M $693M $555M $523M $475M $500M $485M
Prepaid Expense 12-point trend, +108.7% $127M $94M $119M $95M $91M $88M $81M $69M $56M $60M $56M $61M
Other Current Assets 4-point trend, -7.6% · · · · · · · · $81M $92M $92M $88M
Current Assets 12-point trend, +77.1% $1.52B $1.82B $1.56B $1.51B $1.37B $1.13B $1.18B $965M $794M $783M $742M $857M
PP&E (Net) 12-point trend, +106.1% $169M $150M $160M $153M $142M $102M $94M $85M $75M $62M $75M $82M
PP&E (Gross) 12-point trend, +57.2% $349M $343M $336M $320M $290M $246M $261M $233M $213M $202M $235M $222M
Accum. Depreciation 12-point trend, +28.4% $179M $193M $177M $167M $148M $145M $167M $148M $138M $140M $160M $140M
Goodwill 12-point trend, +2.6% $1.24B $1.23B $1.23B $1.23B $1.23B $1.23B $1.20B $1.17B $1.20B $1.18B $1.20B $1.21B
Intangibles 12-point trend, -82.4% $14M $17M $18M $26M $32M $42M $38M $35M $44M $52M $64M $77M
Other Non-current Assets 12-point trend, +127.9% $95M $76M $74M $64M $54M $52M $41M $38M $41M $44M $44M $42M
Total Assets 12-point trend, +45.9% $3.49B $3.60B $3.33B $3.24B $3.10B $2.78B $2.78B $2.38B $2.26B $2.23B $2.23B $2.39B
Accounts Payable 12-point trend, +2161.7% $206M $26M $22M $20M $16M $13M $18M $18M $14M $16M $10M $9M
Accrued Liabilities 12-point trend, +83.7% $98M $83M $75M $65M $62M $65M $47M $52M $46M $43M $46M $53M
Current Liabilities 12-point trend, +165.7% $975M $932M $893M $769M $718M $670M $613M $483M $410M $378M $347M $367M
Capital Leases 8-point trend, +224510000.00 $225M $208M $224M $222M $236M $162M $176M $0 · · · ·
Deferred Tax 12-point trend, -26.0% $100M $112M $141M $162M $171M $158M $151M $155M $124M $174M $140M $135M
Other Non-current Liabilities 12-point trend, -6.3% $92M $87M $87M $91M $96M $101M $78M $127M $134M $100M $100M $99M
Total Liabilities 12-point trend, +36.3% $1.76B $1.34B $1.34B $1.56B $1.52B $1.38B $1.29B $1.03B $1.07B $1.02B $1.08B $1.29B
Long-term Debt 12-point trend, -48.7% $365M $0 $0 $315M $297M $286M $276M $266M $396M $366M $500M $711M
Total Debt 11-point trend, -48.7% $365M · $0 $315M $297M $286M $276M $266M $396M $366M $495M $711M
Common Stock 12-point trend, -25.0% $309.0K $359.0K $355.0K $340.0K $343.0K $345.0K $374.0K $381.0K $377.0K $420.0K $412.0K $412.0K
Paid-in Capital 6-point trend, -100.0% · · · $0 $35M $35M $35M $35M · · · $393M
Retained Earnings 12-point trend, +136.0% $1.86B $2.39B $2.11B $1.86B $1.70B $1.51B $1.41B $1.20B $1.05B $941M $855M $789M
AOCI 12-point trend, -61.5% $-130M $-177M $-150M $-177M $-129M $-106M $-141M $-148M $-120M $-151M $-109M $-80M
Stockholders' Equity 12-point trend, +57.2% $1.73B $2.26B $1.98B $1.68B $1.58B $1.40B $1.49B $1.35B $1.19B $1.21B $1.15B $1.10B
Liabilities + Equity 12-point trend, +45.9% $3.49B $3.60B $3.33B $3.24B $3.10B $2.78B $2.78B $2.38B $2.26B $2.23B $2.23B $2.39B
Shares Outstanding 12-point trend, -25.1% 30,864,000 35,913,000 35,521,000 34,026,000 34,333,000 34,481,000 37,390,000 38,147,000 37,729,000 42,037,000 41,234,000 41,181,000
Cash Flow 16
Annual Cash Flow data for FCN
Metric Trend 202520242023202220212020201920182017201620152014
D&A 12-point trend, +30.3% $46M $44M $41M $36M $34M $33M $30M $32M $31M $39M $31M $35M
Stock-based Comp 12-point trend, +72.1% $39M $38M $30M $25M $23M $23M $18M $16M $16M $17M $18M $23M
Deferred Tax 12-point trend, +0.6% $24M $-17M $-2M $-10M $6M $-10M $-4M $21M $-52M $30M $3M $24M
Amort. of Intangibles 12-point trend, -77.6% $3M $4M $6M $10M $11M $10M $8M $8M $11M $10M $12M $16M
Restructuring 8-point trend, +25300000.00 $25M $8M $0 $8M $0 $7M $0 $0 · · · ·
Operating Cash Flow 12-point trend, +12.4% $152M $395M $224M $189M $355M $327M $218M $231M $148M $233M $140M $135M
CapEx 12-point trend, +49.1% $59M $35M $49M $53M $69M $35M $42M $32M $32M $29M $31M $39M
Investing Cash Flow 10-point trend, -94.2% $-59M $-10M $-74M $-60M $-79M $-60M $-61M $19M $-41M $-30M · ·
Net Debt Issued 5-point trend, +100.0% · · · · · $0 $0 $-300M $0 · $-426M ·
Stock Repurchased 12-point trend, +19562.9% $859M $10M $21M $85M $46M $354M $106M $56M $168M $21M $27M $4M
Net Stock Activity 12-point trend, -19562.9% $-859M $-10M $-21M $-85M $-46M $-354M $-106M $-56M $-168M $-21M $-27M $-4M
Financing Cash Flow 10-point trend, -307.4% $-510M $-15M $-355M $-106M $-62M $-360M $-103M $-118M $-141M $-125M · ·
Net Change in Cash 12-point trend, -607.9% $-395M $357M $-188M $-3M $200M $-74M $57M $122M $-26M $66M $-134M $78M
Taxes Paid 12-point trend, +428.3% $144M $117M $80M $77M $48M $83M $51M $46M $5M $20M $21M $27M
Free Cash Flow 12-point trend, -2.6% $94M $360M $175M $135M $287M $292M $176M $198M $116M $205M $109M $96M
Levered FCF 10-point trend, +145.7% · · $164M $128M $271M $276M $161M $179M $84M $188M $82M $67M
Profitability 8
Annual Profitability data for FCN
Metric Trend 202520242023202220212020201920182017201620152014
Gross Margin 2-point trend, +0.5% 32.1% 32.0% · · · · · · · · · ·
Operating Margin 12-point trend, +22.4% 10.3% 9.4% 10.8% 10.0% 11.2% 11.5% 13.0% 11.1% 6.0% 7.8% 9.2% 8.4%
Net Margin 12-point trend, +113.4% 7.1% 7.6% 7.9% 7.8% 8.5% 8.6% 9.2% 7.4% 6.0% 4.7% 3.7% 3.4%
Pretax Margin 12-point trend, +69.7% 9.8% 9.5% 10.3% 9.8% 10.7% 10.7% 12.3% 10.2% 4.8% 7.1% 5.9% 5.8%
EBITDA Margin 12-point trend, +22.4% 10.3% 9.4% 10.8% 10.0% 11.2% 11.5% 13.0% 11.1% 6.0% 7.8% 9.2% 8.4%
ROA 12-point trend, +211.8% 7.6% 8.1% 8.4% 7.4% 8.0% 7.6% 8.4% 6.5% 4.8% 3.8% 2.9% 2.5%
ROE 12-point trend, +172.1% 14.9% 12.4% 14.3% 14.2% 15.0% 14.7% 14.7% 11.2% 9.0% 7.3% 5.9% 5.5%
ROIC 12-point trend, +187.3% 13.5% 12.3% 14.6% 12.0% 13.1% 13.5% 13.0% 10.2% 8.5% 6.0% 6.3% 4.7%
Liquidity & Solvency 5
Annual Liquidity & Solvency data for FCN
Metric Trend 202520242023202220212020201920182017201620152014
Current Ratio 12-point trend, -35.4% 1.6 2.0 1.7 2.0 1.9 1.7 1.9 2.0 1.9 2.1 2.1 2.4
Quick Ratio 12-point trend, -36.2% 1.3 1.8 1.6 1.8 1.7 1.5 1.7 1.8 1.7 1.8 1.9 2.1
Debt / Equity 11-point trend, -67.4% 0.2 · 0.0 0.2 0.2 0.2 0.2 0.2 0.3 0.3 0.4 0.6
LT Debt / Equity 11-point trend, -66.8% 0.2 · 0.0 0.2 0.2 0.2 0.2 0.2 0.3 0.3 0.4 0.6
Interest Coverage 10-point trend, +805.8% · · 26.3 30.2 15.4 14.3 15.9 8.3 4.3 5.7 3.8 2.9
Efficiency 2
Annual Efficiency data for FCN
Metric Trend 202520242023202220212020201920182017201620152014
Asset Turnover 12-point trend, +46.0% 1.1 1.1 1.1 1.0 0.9 0.9 0.9 0.9 0.8 0.8 0.8 0.7
Receivables Turnover 12-point trend, +0.8% 3.7 3.5 3.5 3.7 3.8 3.5 3.8 3.8 3.6 3.7 3.6 3.7
Per Share 5
Annual Per Share data for FCN
Metric Trend 202520242023202220212020201920182017201620152014
Book Value / Share 11-point trend, +101.8% $56.17 $62.88 $55.78 $49.42 $46.12 $40.61 $39.83 $35.36 $31.59 $28.72 $27.83 ·
Revenue / Share 12-point trend, +167.2% $115.23 $103.18 $97.89 $84.65 $78.56 $66.25 $61.73 $52.92 $46.12 $43.41 $42.64 $43.12
Cash Flow / Share 12-point trend, +39.2% $4.63 $11.02 $6.30 $5.28 $10.06 $8.80 $5.72 $6.02 $3.77 $5.60 $3.35 $3.32
Cash / Share 11-point trend, +136.5% $8.59 $18.39 $8.54 $14.45 $14.40 $8.55 $9.88 $8.18 $5.03 $5.14 $3.63 ·
EPS (TTM) 12-point trend, +472.2% $8.24 $7.81 $7.71 $6.58 $6.65 $5.67 $5.69 $3.93 $2.75 $2.05 $1.58 $1.44
Growth Rates 9
Annual Growth Rates data for FCN
Metric Trend 202520242023202220212020201920182017201620152014
Revenue YoY 5-point trend, -80.9% 2.4% 6.0% 15.2% 9.1% 12.8% · · · · · · ·
Revenue CAGR 3Y 3-point trend, -37.2% 7.8% 10.0% 12.3% · · · · · · · · ·
Revenue CAGR 5Y 9.0% · · · · · · · · · · ·
EPS YoY 5-point trend, -68.1% 5.5% 1.3% 17.2% -1.1% 17.3% · · · · · · ·
EPS CAGR 3Y 3-point trend, -27.8% 7.8% 5.5% 10.8% · · · · · · · · ·
EPS CAGR 5Y 7.8% · · · · · · · · · · ·
Net Income YoY 5-point trend, -128.5% -3.3% 1.9% 16.7% 0.23% 11.5% · · · · · · ·
Net Income CAGR 3Y 3-point trend, -48.5% 4.8% 6.0% 9.3% · · · · · · · · ·
Net Income CAGR 5Y 5.1% · · · · · · · · · · ·
Valuation (TTM) 14
Annual Valuation (TTM) data for FCN
Metric Trend 202520242023202220212020201920182017201620152014
Revenue TTM 12-point trend, +115.7% $3.79B $3.70B $3.49B $3.03B $2.78B $2.46B $2.35B $2.03B $1.81B $1.81B $1.78B $1.76B
Net Income TTM 12-point trend, +360.6% $271M $280M $275M $236M $235M $211M $217M $151M $108M $86M $66M $59M
Market Cap 11-point trend, +268.9% $5.27B $6.86B $7.07B $5.40B $5.27B $3.85B $4.14B $2.54B $1.62B $1.90B $1.43B ·
Enterprise Value 10-point trend, +202.8% $5.37B · $6.75B $5.23B $5.07B $3.84B $4.04B $2.50B $1.83B $2.04B $1.77B ·
P/E 12-point trend, -22.7% 20.7 24.5 25.8 24.1 23.1 19.7 19.4 17.0 15.6 22.0 21.9 26.8
P/S 11-point trend, +73.2% 1.4 1.9 2.0 1.8 1.9 1.6 1.8 1.3 0.9 1.0 0.8 ·
P/B 11-point trend, +144.2% 3.0 3.0 3.6 3.2 3.3 2.8 2.8 1.9 1.4 1.6 1.2 ·
P / Tangible Book 6-point trend, -64.5% 11.0 6.8 9.7 12.6 16.5 31.1 · · · · · ·
P / Cash Flow 11-point trend, +239.3% 34.7 17.4 31.5 28.6 14.8 11.8 19.0 11.0 11.0 8.1 10.2 ·
P / FCF 11-point trend, +327.7% 56.3 19.1 40.4 39.9 18.4 13.2 23.5 12.8 14.0 9.3 13.2 ·
EV / EBITDA 10-point trend, +28.0% 13.8 · 17.9 17.2 16.2 13.6 13.2 11.0 16.8 14.4 10.8 ·
EV / FCF 10-point trend, +251.1% 57.4 · 38.5 38.6 17.7 13.2 23.0 12.6 15.8 10.0 16.3 ·
EV / Revenue 10-point trend, +42.2% 1.4 · 1.9 1.7 1.8 1.6 1.7 1.2 1.0 1.1 1.0 ·
Earnings Yield 12-point trend, +29.2% 4.8% 4.1% 3.9% 4.1% 4.3% 5.1% 5.1% 5.9% 6.4% 4.5% 4.6% 3.7%

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

Income Statement
2025-12-312024-12-312023-12-312022-12-312021-12-31
Revenue $3.79B$3.70B$3.49B$3.03B$2.78B
Gross Margin % 32.1%32.0%
Operating Margin % 10.3%9.4%10.8%10.0%11.2%
Net Income $271M$280M$275M$236M$235M
Diluted EPS $8.24$7.81$7.71$6.58$6.65
Balance Sheet
2025-12-312024-12-312023-12-312022-12-312021-12-31
Debt / Equity 0.20.00.20.2
Current Ratio 1.62.01.72.01.9
Quick Ratio 1.31.81.61.81.7
Cash Flow
2025-12-312024-12-312023-12-312022-12-312021-12-31
Free Cash Flow $94M$360M$175M$135M$287M

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Institutional owners (13F) 417 filers · $2.9B total · As of June 30, 2026

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Institutional activity — Q2 2026 vs prior quarter
New positions Exited positions Increased Decreased Net shares change
54 (-15 vs prior Q) 67 (+22 vs prior Q) 103 (-36 vs prior Q) 164 (+28 vs prior Q) +3.5M

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution Value Shares % of tracked 13F Type
VICTORY CAPITAL MANAGEMENT INC $207,292,133 1,391,129 7.26% Shares
VANGUARD CAPITAL MANAGEMENT LLC $202,179,450 1,356,818 7.08% Shares
VANGUARD PORTFOLIO MANAGEMENT LLC $201,280,920 1,350,788 7.05% Shares
Black Creek Investment Management Inc. $198,943,847 1,335,104 6.97% Shares
FMR LLC $174,892,888 1,173,699 6.13% Shares
ALLIANCEBERNSTEIN L.P. $157,811,241 892,749 5.53% Shares
STATE STREET CORP $145,444,936 976,075 5.10% Shares
FIDUCIARY MANAGEMENT INC /WI/ $142,744,428 957,952 5.00% Shares
DIMENSIONAL FUND ADVISORS LP $141,786,815 951,526 4.97% Shares
Mawer Investment Management Ltd. $109,800,701 736,868 3.85% Shares
KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC $101,769,509 682,971 3.57% Shares
Greenvale Capital LLP $98,346,600 660,000 3.45% Shares
GEODE CAPITAL MANAGEMENT, LLC $79,124,020 530,862 2.77% Shares
CHARLES SCHWAB INVESTMENT MANAGEMENT INC $63,327,462 424,988 2.22% Shares
NORGES BANK $49,760,101 333,938 1.74% Shares
Capital International Investors $45,791,518 307,305 1.60% Shares
NEUMEIER POMA INVESTMENT COUNSEL LLC $44,699,275 299,975 1.57% Shares
D. E. Shaw & Co., Inc. $36,982,494 248,188 1.30% Shares
Diamond Hill Capital Management, LLC (Investment Advisor) $28,307,430 189,970 0.99% Shares
VANGUARD FIDUCIARY TRUST CO $27,879,324 187,097 0.98% Shares
Grantham, Mayo, Van Otterloo & Co. LLC $26,264,950 176,263 0.92% Shares
GOLDMAN SACHS GROUP INC $22,115,617 148,417 0.77% Shares
Quantinno Capital Management LP $18,885,453 126,739 0.66% Shares
RAYMOND JAMES FINANCIAL INC $18,611,051 124,898 0.65% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $16,787,616 112,661 0.59% Shares
RHUMBLINE ADVISERS $13,206,110 88,626 0.46% Shares
Boston Partners $13,106,603 87,129 0.46% Shares
Nierenberg Investment Management Company, LLC $11,009,902 73,887 0.39% Shares
PEAK6 LLC $10,803,225 72,500 0.38% Put option
CITADEL ADVISORS LLC $10,393,298 69,749 0.36% Shares
AMERIPRISE FINANCIAL INC $10,110,329 67,850 0.35% Shares
Aristotle Capital Boston, LLC $9,982,323 66,991 0.35% Shares
Swiss National Bank $9,134,313 61,300 0.32% Shares
CAPITAL FUND MANAGEMENT S.A. $8,409,379 56,435 0.29% Shares
CWA Asset Management Group, LLC $8,002,737 53,706 0.28% Shares
SYSTEMATIC FINANCIAL MANAGEMENT LP $7,944,468 53,315 0.28% Shares
California Public Employees Retirement System $7,694,131 51,635 0.27% Shares
BlackRock, Inc. $7,535,138 50,568 0.26% Shares
Retirement Systems of Alabama $7,388,512 49,584 0.26% Shares
Gotham Asset Management, LLC $7,372,568 49,477 0.26% Shares
ENVESTNET ASSET MANAGEMENT INC $7,218,938 48,446 0.25% Shares
TUDOR INVESTMENT CORP ET AL $6,903,186 46,327 0.24% Shares
Marathon Asset Management Ltd $6,837,966 45,888 0.24% Shares
TEACHER RETIREMENT SYSTEM OF TEXAS $6,637,352 44,543 0.23% Shares
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM $6,544,732 37,024 0.23% Shares
Callan Family Office, LLC $6,228,319 41,798 0.22% Shares
Cinctive Capital Management LP $6,208,651 41,666 0.22% Shares
REGIONS FINANCIAL CORP $6,107,473 40,987 0.21% Shares
ROYAL BANK OF CANADA $6,069,000 40,726 0.21% Shares
Candriam S.C.A. $5,860,879 39,370 0.21% Shares
WINTON GROUP Ltd $5,567,610 37,364 0.20% Shares
AMERICAN CENTURY COMPANIES INC $5,510,240 36,979 0.19% Shares
BANK OF AMERICA CORP /DE/ $5,337,539 35,820 0.19% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $5,215,350 35,000 0.18% Call option
Aquatic Capital Management LLC $5,185,101 34,797 0.18% Shares
STIFEL FINANCIAL CORP $4,831,488 32,424 0.17% Shares
STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM $4,510,533 30,270 0.16% Shares
XTX Topco Ltd $4,427,683 29,714 0.16% Shares
VANGUARD ASSET MANAGEMENT, Ltd $4,391,772 29,473 0.15% Shares
GHP Investment Advisors, Inc. $4,037,273 22,839 0.14% Shares
Nitorum Capital, L.P. $3,852,505 25,854 0.13% Shares
TD Waterhouse Canada Inc. $3,745,464 25,063 0.13% Shares
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP $3,715,117 24,932 0.13% Shares
PRUDENTIAL FINANCIAL INC $3,637,483 24,411 0.13% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $3,591,141 24,100 0.13% Put option
WOLVERINE TRADING, LLC $3,579,972 22,200 0.13% Call option
Running Oak Capital LLC $3,487,877 23,407 0.12% Shares
Ancora Advisors LLC $3,380,739 22,688 0.12% Shares
STATE OF WISCONSIN INVESTMENT BOARD $3,320,837 22,286 0.12% Shares
Pinnacle Financial Partners, Inc. $3,267,938 21,931 0.11% Shares
&PARTNERS $3,218,169 21,567 0.11% Shares
MANUFACTURERS LIFE INSURANCE COMPANY, THE $3,053,960 20,495 0.11% Shares
TWO SIGMA INVESTMENTS, LP $3,019,390 20,263 0.11% Shares
MOUNTAIN PACIFIC INVESTMENT ADVISERS LLC $2,846,240 19,101 0.10% Shares
FIL Ltd $2,830,296 18,994 0.10% Shares
NewEdge Wealth, LLC $2,777,397 18,639 0.10% Shares
Vestmark Advisory Solutions, Inc. $2,772,033 18,603 0.10% Shares
CANADA PENSION PLAN INVESTMENT BOARD $2,726,883 18,300 0.10% Shares
PNC Financial Services Group, Inc. $2,668,024 17,905 0.09% Shares
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC $2,643,595 14,955 0.09% Shares
Legal & General Group Plc $2,612,741 17,534 0.09% Shares
TILIA FIDUCIARY PARTNERS, INC. $2,581,019 14,601 0.09% Shares
SYNOVUS FINANCIAL CORP $2,559,566 15,834 0.09% Shares
ExodusPoint Capital Management, LP $2,527,359 16,961 0.09% Shares
NEW YORK STATE COMMON RETIREMENT FUND $2,515,736 16,883 0.09% Shares
LAZARD ASSET MANAGEMENT LLC $2,471,927 16,589 0.09% Shares
JANUS HENDERSON GROUP PLC $2,367,290 13,387 0.08% Shares
Holocene Advisors, LP $2,336,328 15,679 0.08% Shares
Freestone Grove Partners LP $2,327,685 15,621 0.08% Shares
TILIA FIDUCIARY PARTNERS, INC. $2,260,631 15,171 0.08% Shares
FIFTH THIRD BANCORP $2,239,085 15,026 0.08% Shares
PEAK6 LLC $2,193,278 14,719 0.08% Shares
Aviso Financial Inc. $2,187,466 14,680 0.08% Shares
BNP PARIBAS FINANCIAL MARKETS $2,160,198 14,497 0.08% Shares
S&T Bank/PA $2,123,542 14,251 0.07% Shares
MetLife Investment Management, LLC $2,121,604 14,238 0.07% Shares
Laurus Investment Counsel Inc. $2,098,260 11,870 0.07% Shares
VANGUARD GROUP INC $2,064,651 12,086 0.07% Shares
NORTHERN TRUST CORP $2,046,354 13,733 0.07% Shares
Congress Wealth Management LLC / DE / $2,012,613 12,462 0.07% Shares

Company insiders 53 insiders · 26 officers · 23 directors

Insider Role Last activity Shares owned Buys 12m Sells 12m Net 12m
Steven Henry Gunby CEO, Chairman and President May 13, 2026 P 326,984 3 0 $2,575,107
Jack B Dunn IV President & CEO Jan. 20, 2014 F 57,309 0 0 $0
Eun Nam Chief Financial Officer May 13, 2026 P 21,592 1 0 $289,180
Ajay Sabherwal Chief Financial Officer May 1, 2025 M 24,777 0 0 $0
JOHNSON DAVID M /CT Chief Financial Officer March 1, 2016 F 43,633 0 0 $0
Roger D Carlile EVP & Chief Financial Officer June 19, 2014 M 18,252 0 0 $0
Theodore I Pincus EVP/Chief Financial Officer Nov. 20, 2007 M 4,500 0 0 $0
Stewart J Kahn President and COO Dec. 6, 2002 S 514 0 0 $0
Dominic Dinapoli EVP & Chief Operating Officer March 11, 2011 A 109,748 0 0 $0
Paul Alderman Linton Chief Strategy/Transf. Officer May 13, 2026 P 92,824 1 0 $345,696
Ulrike Rabl Chief Human Resources Officer March 11, 2026 A 2,471 0 0 $0
Curtis P Lu General Counsel March 11, 2026 A 47,288 0 1 $-1,451,086
Matthew Pachman VP, Chief Risk/Ethics Officer March 11, 2026 A 1,844 0 0 $0
Brendan J Keating CAO and Controller March 11, 2026 A 7,898 0 0 $0
Holly Paul Chief Human Resources Officer March 9, 2025 F 21,303 0 0 $0
Catherine M Freeman SVP, Controller and CAO Feb. 28, 2018 S 0 0 0 $0
Heather Klink Acting General Counsel May 7, 2015 S 5,000 0 0 $0
David G Bannister EVP & Regional Chairman Sept. 3, 2014 M 12,515 0 0 $0
Dennis J Shaughnessy Chairman of the Board Dec. 31, 2013 F 141,729 0 0 $0
Elizabeth A Nickles Fmr SVP & Chief Marketing Offr July 9, 2012 S 0 0 0 $0
MACCOLL JOHN A Senior Managing Director Nov. 11, 2011 S 2,661 0 0 $0
Curt A H Jeschke Jr Vice President June 16, 2008 M 580 0 0 $0
Charles Boryenace VP & Corporate Controller May 21, 2007 M 0 0 0 $0
Sarah Karlen Lacombe Senior Vice President May 24, 2006 F 8,877 0 0 $0
Barry S Kaufman EVP & Chief Risk Mgmt Officer Dec. 14, 2005 M 6,000 0 0 $0
Philip R Jacoby JR VP and Corporate Controller Nov. 3, 2004 M 0 0 0 $0
Claudio Costamagna Director June 4, 2026 F 36,529 0 0 $0
Stephen C Robinson Director June 3, 2026 A 7,428 0 0 $0
Janet Zelenka Director June 3, 2026 A 3,432 0 0 $0
Eric T Steigerwalt Director June 3, 2026 A 3,432 0 0 $0
Nicholas C Fanandakis Director June 3, 2026 A 17,753 0 0 $0
Laureen Seeger Director June 3, 2026 A 19,636 0 0 $0
Mark S. Bartlett Director June 4, 2025 A 27,628 0 0 $0
Gerard E Holthaus Director Aug. 22, 2024 G 65,130 0 0 $0
Brenda J Bacon Director June 5, 2024 A 16,437 0 0 $0
Nicole S Jones Director June 1, 2022 A 1,809 0 0 $0
Vernon James Ellis Director March 4, 2015 G 20,398 0 0 $0
Denis J Callaghan Director June 5, 2013 A 10,523 0 0 $0
George P Stamas Director June 5, 2013 M 17,476 0 0 $0
Henrique C Meirelles Director June 6, 2012 A 0 0 $0
Matthew F Mchugh Director March 19, 2012 S 21,078 0 0 $0
Mark H Berey Director Jan. 1, 2012 M 41,083 0 0 $0
Gary C Wendt Director June 3, 2009 M 78,700 0 0 $0
James A Flick JR Director June 6, 2006 M 26,573 0 0 $0
Peter F Omalley Director June 5, 2006 A 0 0 $0
Stephen Salzman 10% owner Feb. 9, 2004 S 0 0 0 $0
Elsy Lisa Boglioli Aug. 11, 2026 S 4,438 0 1 $-135,198
James W Crownover June 1, 2016 M 86,875 0 0 $0
Marc Holtzman June 9, 2015 S 0 0 0 $0
Eric B Miller Feb. 27, 2015 M 24,520 0 0 $0

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

ETF ownership Held by 94 ETFs

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund Weight Units As of Source
RUNN · Strategic Trust 1.59% 35,945 NS May 31, 2026 N-PORT
SRHQ · Elevation Series Trust 1.21% 13,068 NS April 30, 2026 N-PORT
XMLV · Invesco Exchange-Traded Fund Trust … 0.95% 47,225 SH Aug. 8, 2026 Daily
HSMV · First Trust Exchange-Traded Fund III 0.88% 1,496 NS April 30, 2026 N-PORT
TAX · EA Series Trust 0.84% 1,401 NS May 29, 2026 N-PORT
SMMV · iShares Trust 0.69% 13,373 SH Aug. 8, 2026 Daily
FXR · First Trust Exchange-Traded AlphaDE… 0.65% 25,286 NS April 30, 2026 N-PORT
FDLO · FIDELITY COVINGTON TRUST 0.41% 32,044 NS April 30, 2026 N-PORT
SIXL · EXCHANGE TRADED CONCEPTS TRUST 0.40% 4,929 NS May 31, 2026 N-PORT
FFSM · FIDELITY COVINGTON TRUST 0.36% 25,831 NS April 30, 2026 N-PORT
NUSC · Nushares ETF Trust 0.25% 18,166 NS April 30, 2026 N-PORT
BKSE · BNY Mellon ETF Trust 0.24% 1,094 NS April 30, 2026 N-PORT
ROUS · Lattice Strategies Trust 0.19% 6,162 NS April 30, 2026 N-PORT
MIDE · DBX ETF Trust 0.18% 40 NS May 29, 2026 N-PORT
FNDA · SCHWAB STRATEGIC TRUST 0.18% 105,220 NS May 31, 2026 N-PORT
PTMC · Pacer Funds Trust 0.16% 3,475 NS April 30, 2026 N-PORT
IJJ · iShares Trust 0.15% 90,491 SH Aug. 8, 2026 Daily
IVOV · VANGUARD ADMIRAL FUNDS 0.15% 15,241 SH Aug. 8, 2026 Daily
RWK · Invesco Exchange-Traded Fund Trust … 0.15% 12,935 SH Aug. 8, 2026 Daily
FNK · First Trust Exchange-Traded AlphaDE… 0.14% 1,717 NS April 30, 2026 N-PORT
XJH · iShares Trust 0.14% 3,993 SH Aug. 8, 2026 Daily
ISCG · iShares Trust 0.14% 9,285 SH Aug. 8, 2026 Daily
FNX · First Trust Exchange-Traded AlphaDE… 0.14% 10,269 NS April 30, 2026 N-PORT
AVSC · AMERICAN CENTURY ETF TRUST 0.13% 24,124 NS May 31, 2026 N-PORT
QVMM · Invesco Exchange-Traded Fund Trust … 0.13% 3,851 SH Aug. 8, 2026 Daily
PKW · Invesco Exchange-Traded Fund Trust 0.13% 14,916 SH Aug. 8, 2026 Daily
DFAS · Dimensional ETF Trust 0.13% 98,906 NS April 30, 2026 N-PORT
FSMD · FIDELITY COVINGTON TRUST 0.12% 16,392 NS April 30, 2026 N-PORT
IJH · iShares Trust 0.12% 1,021,121 SH Aug. 8, 2026 Daily
IVOO · VANGUARD ADMIRAL FUNDS 0.12% 47,714 SH Aug. 8, 2026 Daily
DFAT · Dimensional ETF Trust 0.12% 90,024 NS April 30, 2026 N-PORT
ESML · iShares Trust 0.12% 22,462 SH Aug. 8, 2026 Daily
BBMC · J.P. Morgan Exchange-Traded Fund Tr… 0.12% 13,087 NS April 30, 2026 N-PORT
HDUS · Lattice Strategies Trust 0.11% 1,126 NS April 30, 2026 N-PORT
MIDU · Direxion Shares ETF Trust 0.11% 501 NS April 30, 2026 N-PORT
MVV · ProShares Trust 0.10% 1,046 NS May 31, 2026 N-PORT
VBR · VANGUARD INDEX FUNDS 0.10% 439,213 SH Aug. 8, 2026 Daily
VFQY · VANGUARD WELLINGTON FUND 0.10% 3,116 SH Aug. 8, 2026 Daily
SCHA · SCHWAB STRATEGIC TRUST 0.10% 145,218 NS May 31, 2026 N-PORT
IJK · iShares Trust 0.10% 69,066 SH Aug. 8, 2026 Daily
IVOG · VANGUARD ADMIRAL FUNDS 0.09% 11,671 SH Aug. 8, 2026 Daily
SCHM · SCHWAB STRATEGIC TRUST 0.09% 81,787 NS May 31, 2026 N-PORT
FIDU · FIDELITY COVINGTON TRUST 0.08% 9,162 NS April 30, 2026 N-PORT
AUSF · Global X Funds 0.07% 4,115 NS May 31, 2026 N-PORT
DEUS · DBX ETF Trust 0.07% 1,247 NS May 29, 2026 N-PORT
UMDD · ProShares Trust 0.07% 146 NS May 31, 2026 N-PORT
ISCB · iShares Trust 0.07% 1,311 SH Aug. 8, 2026 Daily
SMMD · iShares Trust 0.06% 15,229 SH Aug. 8, 2026 Daily
VIS · VANGUARD WORLD FUND 0.06% 37,047 SH Aug. 8, 2026 Daily
IYJ · iShares Trust 0.05% 6,713 SH Aug. 8, 2026 Daily