BAH
Booz Allen Hamilton Holding Corporation
BAH's fundamentals are mixed, but it looks cheap: trading at 13x earnings, below its usual 23x. Analysts expect earnings growth.
BAH Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Healthy | |
| Under pressure |
BAH's profitability and cash flow are currently healthy, and its revenue is stable, but its balance sheet is under pressure.
BAH PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 13x | $86.44 | — |
| Cheap | 14x | $87.45 | +1.2% |
| Forward | 14x | $86.44 | — |
| Fair | 23x | $146 | +69% |
| Expensive | 34x | $218 | +152% |
Historical ranges are pointers, not guarantees.
BAH's PE is in its cheap range at 13x. On analysts' estimates for next year's earnings, today's price would be 14x.
BAH Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Growth | |
| Stable | |
| Stable | |
| Limited | |
| Moderate |
Analysts expect BAH's earnings to grow, with its revenue and profitability holding steady.
BAH Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $6.39 | -0.9% |
| Q3 2026 | $6.45 | -1.5% |
| Q2 2026 | $6.37 | -22% |
| Q1 2026 | $6.90 | -4.8% |
| Q4 2025 | $6.73 | +0.4% |
| Q3 2025 | $6.55 | +3% |
| Q2 2025 | $8.14 | +75% |
| Q1 2025 | $7.25 | +58% |
| Q4 2024 | $6.70 | +115% |
BAH earned $6.45 per share over the past year, down 1.5% from the year before.
BAH Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $2.8B | -3.9% |
| Q2 2026 | $2.8B | -4.2% |
| Q1 2026 | $2.8B | -6.4% |
| Q4 2025 | $2.6B | -10% |
| Q3 2025 | $2.9B | -8.1% |
| Q2 2025 | $2.9B | -0.6% |
| Q1 2025 | $3B | +7.3% |
| Q4 2024 | $2.9B | +14% |
BAH's revenue is shrinking: $2.8B last quarter, down 3.9% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 8.8% | -1 points |
| Q2 2026 | 10% | +1.2 points |
| Q1 2026 | 9.4% | +0.2 points |
| Q4 2025 | 8.8% | -1.2 points |
| Q3 2025 | 9.8% | -7.7 points |
| Q2 2025 | 8.8% | +0.1 points |
| Q1 2025 | 9.2% | -0.3 points |
| Q4 2024 | 10% | +0.3 points |
BAH's operating margin was 8.8% last quarter, down 1 points from the same quarter a year ago.
BAH Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $263M | -33% |
| Q2 2026 | $261M | +172% |
| Q1 2026 | $212M | +9% |
| Q4 2025 | $248M | +86% |
| Q3 2025 | $395M | -30% |
| Q2 2025 | $96M | +388% |
| Q1 2025 | $194.4M | +52% |
| Q4 2024 | $133.6M | -37% |
BAH generated $984M in free cash flow over the past year, up 20% from the year before.
BAH Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.5% | -594K shares |
| 1 year | -2.7% | -3.3M shares |
| 3 years | -8.8% | -11.5M shares |
| 5 years | -11% | -14.3M shares |
| Available history | -15% | -20.6M shares |
BAH has 120M diluted shares, down 2.7% from a year ago, with $373M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $98M |
| Q2 2026 | $72M |
| Q1 2026 | $77M |
| Q4 2025 | $126M |
| Q3 2025 | $214M |
| Q2 2025 | $181M |
| Q1 2025 | $314.9M |
| Q4 2024 | $148.5M |
BAH spent $373M buying back its own shares over the past year, down 57% from the year before.
BAH Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 3.4x | Elevated |
| Q2 2026 | 2.8x | Moderate |
| Q1 2026 | 2.7x | Moderate |
| Q4 2025 | 2.5x | Moderate |
| Q3 2025 | 2.5x | Moderate |
| Q2 2025 | 2.1x | Moderate |
| Q1 2025 | 2.0x | Moderate |
| Q4 2024 | 1.9x | Healthy |
BAH's net debt is about 3.4 years of its operating earnings (EBITDA), up from 2.5 years a year ago.
BAH Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 59.5 | Neutral |
| Stochastic | 83.1 | Overbought |
BAH's weekly RSI is 60 (neutral) and its Stochastic is 83 (overbought).
BAH PE vs Industrials Sector
| Metric | BAH | Sector median | Relative |
|---|---|---|---|
| PE | 13x | 24x | 44% below |
| PE % | 15 | 58 | 43 pts below |
BAH is trading at 13x earnings, a 44% discount to the Industrials sector's median of 24x.
BAH Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $78.4 | 10% above |
| 20 week MA | $74.6 | 16% above |
| 50 week MA | $79.0 | 9.5% above |
| 100 week MA | $94.3 | 8.3% below |
| 200 week MA | $112.1 | 23% below |
BAH has bounced recently, but its long-term trend is still down: it's above its 8-, 20- and 50-week averages, but 23% below its 200-week average.
BAH Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $70.9 | $87.4 | +23% |
| 2021 | $87.4 | $83.0 | -5% |
| 2022 | $83.0 | $104.5 | +26% |
| 2023 | $104.5 | $127.9 | +22% |
| 2024 | $127.9 | $129.7 | +1.4% |
| 2025 | $129.7 | $85.4 | -34% |
| 2026 YTD | $85.4 | $86.4 | +1.2% |
BAH has finished higher in four of the last six years. It's up 1.2% so far in 2026.