FTI Consulting, Inc. (FCN) AI Stock Analysis

NYSE: FCNAI research summary: business, growth, valuation, analysts, bull and bear case.

FCN AI stock analysis summary

AI Research

FTI Consulting, Inc. (FCN) provides global business advisory services spanning restructuring, forensic consulting, economic analysis, technology, and strategic communications. The company generated $3.92B in trailing twelve month revenue with an operating margin of 9.2%, but quarterly earnings fell 6.6% year-over-year in the quarter ended June 30, 2026. FCN trades at a trailing price-to-earnings ratio of 17.9x and carries net debt of $1.10B.

Market cap
$4.10B
Revenue (TTM)
$3.92B
P/E
17.9x
fwd 18.9x
1Y return
-2.1%
S&P 500 16.8%
Avg. target
$165.50
11.4% vs last close

Bull case

  • FTI Consulting trades at an enterprise value-to-EBITDA multiple of 10.9x and a PEG ratio of 0.96, both comparing favorably to sector peer levels.
  • Analyst estimates forecast earnings per share growth of 17.2% to $10.87 alongside $4.27B in revenue for the next fiscal year.
  • Management deployed $858.7M toward share repurchases in FY2025, lowering the company's share count by 10.4% over five years.

Bear case

  • Quarterly net earnings fell 6.6% year-over-year in the latest quarter ended June 30, 2026.
  • Free cash flow dropped from $397.7M in FY2024 to $156.6M in FY2025 as annual top-line growth decelerated to 2.4%.
  • Net debt totaled $1.10B as of June 30, 2026, supported by $163.7M in cash against $1.27B in total debt obligations.

What FTI Consulting does

FTI Consulting, Inc. provides comprehensive business advisory services globally to manage change, mitigate risk, and resolve disputes across diverse industries. The company operates through five specialized segments: Corporate Finance & Restructuring, Forensic and Litigation Consulting, Economic Consulting, Technology, and Strategic Communications. Corporate Finance & Restructuring guides clients through transformations, transactions, and turnaround scenarios. Forensic and Litigation Consulting offers data analytics, dispute resolution, investigative services, healthcare compliance, and environmental solutions. Economic Consulting delivers analysis in antitrust, competition economics, financial economics, and international arbitration. The Technology and Strategic Communications segments provide critical assistance in legal technology, communications, and public relations.

Growth and profitability

Between FY2021 and FY2025, FTI Consulting expanded annual revenue from $2.78B to $3.79B, reflecting a five-year revenue compound annual growth rate of 9.0%. Annual revenue growth slowed from 15.2% in FY2023 and 6.0% in FY2024 to 2.4% in FY2025. Gross margin held steady between 31.0% in FY2021 and 32.1% in FY2025, while operating margin was 10.9% in FY2025. Net income reached $270.9M in FY2025, down from $280.1M in FY2024, though diluted earnings per share grew to $8.80. Over the trailing twelve months, revenue reached $3.92B with an operating margin of 9.2% and diluted earnings per share of $8.30. In the quarter ended June 30, 2026, revenue rose 5.3% year-over-year, while quarterly earnings declined 6.6%.

FCN income statement →

Balance sheet and cash flow

As of June 30, 2026, FTI Consulting held $163.7M in cash and short-term investments alongside total debt of $1.27B, resulting in net debt of $1.10B. Shareholders' equity stood at $1.33B against total assets of $3.53B, yielding a debt-to-equity ratio of 0.95 and a current ratio of 2.03. In FY2025, operating cash flow was $152.1M and free cash flow was $156.6M, down from $395.1M and $397.7M in FY2024, respectively. Capital expenditures were $4.5M in FY2025, while the company allocated $858.7M to share buybacks, contributing to a 10.4% reduction in shares outstanding over five years.

FCN balance sheet →

Valuation and performance

FTI Consulting closed at $148.53 on October 16, 2026, with a market capitalization of $4.10B and an enterprise value of $4.75B. The stock trades at a trailing price-to-earnings multiple of 17.9x, which is below the 24.8x median of its US-listed Industrials peers. Its forward price-to-earnings multiple of 18.9x sits above the peer median of 17.2x, while its enterprise value-to-EBITDA of 10.9x is lower than the peer median of 13.9x. The stock has delivered a 1-year return of -2.1% and a 5-year return of 3.4%, trailing the S&P 500 returns of 16.8% and 83.0% over the same periods.

FCN key metrics →

What analysts expect

Wall Street coverage includes 3 analysts with 1 Strong Buy rating, 2 Hold ratings, and 0 Sell ratings. The mean price target is $165.50, representing an 11.4% premium over the last close of $148.53. For the fiscal year ending December 31, 2026, consensus estimates project revenue of $4.00B and earnings per share of $9.27, representing 5.0% earnings growth. For the following fiscal year, analysts forecast revenue of $4.27B and earnings per share of $10.87. FTI Consulting has beaten earnings per share estimates in 3 of the last 4 quarters, with its next earnings release scheduled for October 29, 2026.

FCN forecast and price target →

Key risks and what to watch

  • Short interest stands at 18.7% of the float, indicating elevated bearish market positioning.
  • Year-over-year revenue expansion slowed to 2.4% in FY2025 and 5.3% in the latest quarter, below the US-listed Industrials peer median growth rate of 9.1%.
  • Total debt of $1.27B against cash of $163.7M results in a debt-to-equity ratio of 0.95.

AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer

About this FCN AI stock analysis

This page is an AI-written research summary of FTI Consulting, Inc. (FCN). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: FCN income statement, FCN balance sheet, FCN key metrics, FCN analyst forecast, FCN chart. See the FCN stock overview for the latest quote and news.

FCN AI stock analysis FAQ

Does FTI Consulting pay a dividend?

FTI Consulting does not pay a dividend. The company directs its capital return to share repurchases, spending $858.7M on buybacks in FY2025.

What is FTI Consulting's debt position?

As of June 30, 2026, FTI Consulting had $163.7M in cash and short-term investments and $1.27B in total debt, leaving net debt of $1.10B. Its debt-to-equity ratio was 0.95 and its current ratio was 2.03.

When does FTI Consulting report earnings next?

FTI Consulting is scheduled to report its next financial results on October 29, 2026. The company has exceeded consensus earnings per share estimates in 3 of the last 4 quarters.

What do analysts expect for FTI Consulting's fiscal year 2026?

Analysts estimate fiscal year 2026 revenue of $4.00B and earnings per share of $9.27, representing 5.0% earnings per share growth. The mean price target among tracked analysts is $165.50.

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