FTI Consulting, Inc. (FCN) Income Statement
FCN 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsFCN revenue and net income
Where FCN's revenue goes
2025Each bar shows an amount and its share of revenue. FCN kept 7.1% of revenue as net income.
FCN profit margins
FCN growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +2.4% | +7.7% | +9.0% | +7.9% |
| Gross profit | +3.0% | +8.1% | +9.1% | +7.2% |
| Operating income | +19.3% | +10.9% | +8.0% | +9.7% |
| Net income | −3.3% | +4.8% | +5.2% | +15.2% |
| EPS (diluted) | +10.3% | +10.2% | +8.0% | +16.9% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
FCN quarterly EPS vs estimates
FTI Consulting beat the analyst EPS estimate in 5 of the last 8 quarters. Next report: October 29, 2026 (estimate $2.65).
FCN income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.79B | $3.70B | $3.49B | $3.03B | $2.78B | $2.46B | $2.35B | $2.03B | $1.81B | $1.81B |
| Cost of revenue | $2.57B | $2.52B | $2.35B | $2.07B | $1.92B | $1.67B | $1.53B | $1.33B | $1.22B | $1.21B |
| Gross profit | $1.22B | $1.18B | $1.14B | $962.9M | $860.7M | $788.6M | $817.8M | $699.8M | $592.2M | $599.6M |
| Research & development | — | — | — | — | — | — | — | $8.7M | $14.9M | $17.5M |
| Sales, general & admin | $799.6M | $822.2M | $751.3M | $641.1M | $537.8M | $503.6M | $504.1M | $465.6M | $446.8M | $436.7M |
| Total operating expenses | $803.1M | $834.6M | $757.5M | $659.1M | $548.7M | $505.9M | $512.2M | $473.8M | $483.5M | $457.5M |
| Operating income | $414.4M | $347.4M | $377.6M | $303.9M | $312.0M | $282.7M | $305.6M | $226.0M | $108.7M | $142.2M |
| Interest income | $7.1M | $8.5M | $5.2M | $4.6M | $3.5M | $3.7M | $4.8M | $5.4M | $4.0M | $4.4M |
| Interest expense | $21.4M | $7.0M | $14.3M | $10.0M | $20.3M | $19.8M | $19.2M | $27.1M | $25.4M | $24.8M |
| Income before taxes | $371.0M | $350.8M | $358.4M | $297.7M | $297.9M | $262.4M | $288.4M | $207.8M | $87.1M | $127.8M |
| Income taxes | $100.1M | $70.7M | $83.5M | $62.2M | $63.0M | $51.8M | $71.7M | $57.2M | −$20.9M | $42.3M |
| Net income | $270.9M | $280.1M | $274.9M | $235.5M | $235.0M | $210.7M | $216.7M | $150.6M | $108.0M | $85.5M |
| EBITDA | $441.6M | $405.8M | $419.9M | $353.3M | $363.3M | $325.3M | $346.0M | $274.6M | $154.2M | $201.6M |
| EPS (diluted) | $8.80 | $7.98 | $7.71 | $6.57 | $6.78 | $6.00 | $5.79 | $4.01 | $2.35 | $2.25 |
| Gross margin | 32.1% | 32.0% | 32.5% | 31.8% | 31.0% | 32.0% | 34.8% | 34.5% | 32.8% | 33.1% |
| Operating margin | 10.9% | 9.4% | 10.8% | 10.0% | 11.2% | 11.5% | 13.0% | 11.1% | 6.0% | 7.9% |
| Net margin | 7.1% | 7.6% | 7.9% | 7.8% | 8.5% | 8.6% | 9.2% | 7.4% | 6.0% | 4.7% |
| 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 | $993.5M | $983.3M | $990.7M | $956.2M | $943.7M | $898.3M | $894.9M | $926.0M | $949.2M | $928.6M | $924.7M | $893.3M |
| Cost of revenue | $677.2M | $677.1M | $683.7M | $639.0M | $642.2M | $609.9M | $624.9M | $628.1M | $638.8M | $627.0M | $613.8M | $598.8M |
| Gross profit | $316.3M | $306.2M | $307.0M | $317.2M | $301.5M | $288.3M | $270.1M | $297.9M | $310.3M | $301.5M | $310.9M | $294.5M |
| Sales, general & admin | $230.7M | $222.3M | $213.6M | $199.5M | $202.2M | $184.3M | $208.8M | $206.0M | $206.2M | $201.9M | $194.6M | $186.1M |
| Total operating expenses | $230.7M | $222.3M | $213.6M | $199.5M | $202.2M | $184.3M | $217.3M | $207.0M | $207.3M | $202.9M | $195.9M | $187.4M |
| Operating income | $85.6M | $83.9M | $93.4M | $117.7M | $99.3M | $104.0M | $52.7M | $90.9M | $104.1M | $99.6M | $115.0M | $107.0M |
| Interest income | — | $1.1M | $4.6M | $1.7M | $7.3M | $2.8M | $5.9M | $2.1M | $1.9M | $1.6M | $2.0M | $5.1M |
| Interest expense | $11.6M | $6.4M | $7.5M | $7.6M | $5.3M | $968,000 | $716,000 | $1.2M | $3.3M | $1.7M | $3.9M | $4.5M |
| Income before taxes | $73.0M | $78.5M | $86.8M | $111.7M | $91.9M | $80.6M | $59.8M | $88.8M | $102.7M | $99.5M | $103.0M | $107.7M |
| Income taxes | $15.2M | $20.9M | $32.2M | $28.9M | $20.2M | $18.8M | $10.1M | $22.3M | $18.7M | $19.5M | $21.4M | $24.4M |
| Net income | $57.8M | $57.6M | $54.5M | $82.8M | $71.7M | $61.8M | $49.7M | $66.5M | $83.9M | $80.0M | $81.6M | $83.3M |
| EBITDA | $98.4M | $97.9M | $107.1M | $132.3M | $109.6M | $92.7M | $73.3M | $102.0M | $117.8M | $112.7M | $119.3M | $123.9M |
| EPS (diluted) | $2.16 | $1.90 | $1.78 | $2.60 | $2.13 | $2.29 | $1.56 | $1.85 | $2.34 | $2.23 | $2.28 | $2.34 |
| Gross margin | 31.8% | 31.1% | 31.0% | 33.2% | 31.9% | 32.1% | 30.2% | 32.2% | 32.7% | 32.5% | 33.6% | 33.0% |
| Operating margin | 8.6% | 8.5% | 9.4% | 12.3% | 10.5% | 11.6% | 5.9% | 9.8% | 11.0% | 10.7% | 12.4% | 12.0% |
| Net margin | 5.8% | 5.9% | 5.5% | 8.7% | 7.6% | 6.9% | 5.6% | 7.2% | 8.8% | 8.6% | 8.8% | 9.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in FCN's financial statements (latest annual report filed February 26, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
FCN financial results
In fiscal year 2025 (ended December 31, 2025), FTI Consulting reported revenue of $3.8 billion, up 2.4% from the year before. It had net income of $270.9 million (down 3.3%), a net profit margin of 7.1%. Diluted earnings per share came to $8.80. Over five years revenue grew at an average rate of 9.0% a year.
See the FCN stock overview for the latest quote and news, or the FCN chart for price history and technical indicators.
FCN income statement FAQ
What is FTI Consulting's annual revenue?
FTI Consulting reported total revenue of $3.8 billion for fiscal year 2025, which ended on December 31, 2025. That was up 2.4% from $3.7 billion the previous year.
Is FTI Consulting profitable?
Yes. FTI Consulting reported net income of $270.9 million in fiscal 2025, a net profit margin of 7.1%; its operating margin was 10.9%.
What is FTI Consulting's gross margin?
FTI Consulting's gross margin was 32.1% in fiscal 2025: for every $100 of revenue, FTI Consulting kept $32 after the direct cost of its products and services.
How fast is FTI Consulting growing?
Revenue grew 9.0% a year on average over the last five fiscal years, from $2.5 billion to $3.8 billion.
What are FTI Consulting's earnings per share?
FTI Consulting earned $8.80 per diluted share in fiscal 2025, compared with $7.98 a year earlier.
When will FTI Consulting report its next earnings?
FTI Consulting is expected to report results for the quarter ending September 30, 2026 on October 29, 2026 before the market opens.
When does FTI Consulting's fiscal year end?
FTI Consulting's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 26, 2026.