CRA International, Inc. (CRAI) Income Statement
CRAI 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsCRAI revenue and net income
Where CRAI's revenue goes
2025Each bar shows an amount and its share of revenue. CRAI kept 7.3% of revenue as net income.
CRAI profit margins
CRAI growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +9.3% | +8.3% | +8.1% | +9.5% |
| Gross profit | +5.1% | +6.5% | +9.6% | +8.6% |
| Operating income | +17.5% | +12.3% | +19.0% | +21.0% |
| Net income | +17.4% | +7.9% | +17.5% | +21.7% |
| EPS (diluted) | +8.3% | +11.4% | +19.7% | +22.3% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
CRAI quarterly EPS vs estimates
CRA International beat the analyst EPS estimate in 7 of the last 8 quarters. Next report: October 29, 2026 (estimate $2.06).
CRAI income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $751.6M | $687.4M | $624.0M | $590.9M | $565.9M | $508.4M | $451.4M | $417.6M | $370.1M | $324.8M |
| Cost of revenue | $533.4M | $479.9M | $452.2M | $410.1M | $400.1M | $370.7M | $317.8M | $289.2M | $258.8M | $227.4M |
| Gross profit | $218.2M | $207.5M | $171.7M | $180.8M | $165.9M | $137.7M | $133.6M | $128.5M | $111.2M | $97.4M |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | $135.0M | $125.0M | $114.2M | $110.1M | $97.4M | $90.0M | $93.6M | $89.5M | $86.5M | $70.6M |
| Total operating expenses | $135.0M | $136.7M | $115.1M | $122.1M | $110.1M | $102.9M | $104.3M | $99.5M | $95.5M | $78.5M |
| Operating income | $83.1M | $70.8M | $56.6M | $58.7M | $55.7M | $34.8M | $29.3M | $28.9M | $15.8M | $18.9M |
| Interest income | — | — | — | — | — | — | — | — | — | $469,000 |
| Interest expense | $5.4M | $4.4M | $3.8M | $1.8M | $970,000 | $1.2M | $1.3M | $647,000 | $484,000 | $469,000 |
| Income before taxes | $76.6M | $66.2M | $52.3M | $58.8M | $54.3M | $33.6M | $26.8M | $28.9M | $15.2M | $21.9M |
| Income taxes | $21.8M | $19.6M | $13.8M | $15.2M | $12.6M | $9.1M | $6.0M | $6.5M | $7.5M | $7.7M |
| Net income | $54.8M | $46.7M | $38.5M | $43.6M | $41.7M | $24.5M | $20.7M | $22.5M | $7.6M | $12.9M |
| EBITDA | $111.4M | $97.5M | $81.9M | $86.4M | $81.0M | $59.7M | $49.4M | $39.6M | $24.5M | $30.2M |
| EPS (diluted) | $8.22 | $7.59 | $5.47 | $5.94 | $5.48 | $3.35 | $3.02 | $2.88 | $1.92 | $1.33 |
| Gross margin | 29.0% | 30.2% | 27.5% | 30.6% | 29.3% | 27.1% | 29.6% | 30.8% | 30.1% | 30.0% |
| Operating margin | 11.1% | 10.3% | 9.1% | 9.9% | 9.8% | 6.8% | 6.5% | 6.9% | 4.3% | 5.8% |
| Net margin | 7.3% | 6.8% | 6.2% | 7.4% | 7.4% | 4.8% | 4.6% | 5.4% | 2.1% | 4.0% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $210.8M | $201.0M | $197.0M | $185.9M | $186.9M | $181.9M | $176.4M | $167.7M | $171.4M | $171.8M | $161.6M | $147.6M |
| Cost of revenue | $148.7M | $148.4M | $149.6M | $135.0M | $128.5M | $120.4M | $120.5M | $115.2M | $128.1M | $121.7M | $115.5M | $105.9M |
| Gross profit | $62.1M | $52.6M | $47.4M | $50.9M | $58.3M | $61.5M | $55.9M | $52.6M | $43.3M | $50.1M | $46.1M | $41.7M |
| Sales, general & admin | $35.3M | $34.5M | $33.7M | $33.7M | $35.1M | $32.5M | $31.3M | $31.3M | $32.0M | $30.5M | $29.0M | $27.9M |
| Total operating expenses | $38.5M | $34.5M | $26.7M | $33.7M | $38.6M | $35.9M | $34.4M | $34.2M | $32.0M | $30.5M | $29.0M | $30.9M |
| Operating income | $23.5M | $18.0M | $20.6M | $17.2M | $19.7M | $25.5M | $21.5M | $18.4M | $11.3M | $19.6M | $17.1M | $10.8M |
| Interest expense | $3.0M | $1.0M | $1.4M | $1.8M | $1.8M | $429,000 | $1.0M | $1.5M | $1.5M | $464,000 | $600,000 | $1.0M |
| Income before taxes | $20.1M | $17.4M | $18.6M | $16.2M | $17.1M | $24.6M | $21.6M | $16.0M | $9.6M | $19.0M | $15.6M | $10.5M |
| Income taxes | $6.6M | $6.3M | $5.4M | $4.8M | $5.0M | $6.6M | $6.6M | $4.6M | $3.1M | $5.3M | $4.1M | $1.9M |
| Net income | $13.5M | $11.1M | $13.2M | $11.5M | $12.1M | $18.0M | $15.0M | $11.4M | $6.5M | $13.7M | $11.5M | $8.6M |
| EBITDA | $30.1M | $23.5M | $27.4M | $25.4M | $26.3M | $32.3M | $29.6M | $24.2M | $17.8M | $25.8M | $22.6M | $17.9M |
| EPS (diluted) | $2.16 | $1.99 | $2.06 | $2.06 | $1.88 | $2.22 | $2.03 | $1.77 | $1.83 | $1.96 | $1.63 | $1.13 |
| Gross margin | 29.4% | 26.2% | 24.1% | 27.4% | 31.2% | 33.8% | 31.7% | 31.3% | 25.3% | 29.2% | 28.5% | 28.2% |
| Operating margin | 11.2% | 9.0% | 10.5% | 9.3% | 10.6% | 14.0% | 12.2% | 11.0% | 6.6% | 11.4% | 10.6% | 7.3% |
| Net margin | 6.4% | 5.5% | 6.7% | 6.2% | 6.5% | 9.9% | 8.5% | 6.8% | 3.8% | 8.0% | 7.1% | 5.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in CRAI's financial statements (latest annual report filed February 26, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
CRAI financial results
In fiscal year 2025 (ended December 31, 2025), CRA International reported revenue of $751.6 million, up 9.3% from the year before. It had net income of $54.8 million (up 17.4%), a net profit margin of 7.3%. Diluted earnings per share came to $8.22. Over five years revenue grew at an average rate of 8.1% a year.
See the CRAI stock overview for the latest quote and news, or the CRAI chart for price history and technical indicators.
CRAI income statement FAQ
What is CRA International's annual revenue?
CRA International reported total revenue of $751.6 million for fiscal year 2025, which ended on December 31, 2025. That was up 9.3% from $687.4 million the previous year.
Is CRA International profitable?
Yes. CRA International reported net income of $54.8 million in fiscal 2025, a net profit margin of 7.3%; its operating margin was 11.1%.
What is CRA International's gross margin?
CRA International's gross margin was 29.0% in fiscal 2025: for every $100 of revenue, CRA International kept $29 after the direct cost of its products and services.
How fast is CRA International growing?
Revenue grew 8.1% a year on average over the last five fiscal years, from $508.4 million to $751.6 million.
What are CRA International's earnings per share?
CRA International earned $8.22 per diluted share in fiscal 2025, compared with $7.59 a year earlier.
When will CRA International report its next earnings?
CRA International is expected to report results for the quarter ending September 30, 2026 on October 29, 2026.
When does CRA International's fiscal year end?
CRA International's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 26, 2026.