FCN
FTI Consulting, Inc.
FCN's fundamentals are mixed: free cash flow more than tripled, while its operating margin held steady at 8.8%. At 25x earnings, it's trading in line with its usual 23x. Analysts expect strong earnings growth.
FCN Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Healthy | |
| Stable |
FCN's profitability and cash flow are currently healthy, and its revenue and balance sheet are stable.
FCN PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 19x | $199 | — |
| Cheap | 21x | $165 | -17% |
| Fair | 23x | $183 | -8.1% |
| Current | 25x | $199 | — |
| Expensive | 27x | $217 | +9.4% |
Historical ranges are pointers, not guarantees.
FCN's PE is in its expensive range at 25x. If earnings grow as analysts expect, today's price would be 19x next year's earnings, in its cheap range.
FCN Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for FCN, with profitability improving.
FCN Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $10.47 | +31% |
| Q3 2026 | $8.01 | +1.9% |
| Q2 2026 | $8.26 | +16% |
| Q1 2026 | $8.40 | +15% |
| Q4 2025 | $8.24 | +5.5% |
| Q3 2025 | $7.86 | -9.7% |
| Q2 2025 | $7.11 | -23% |
| Q1 2025 | $7.32 | -15% |
| Q4 2024 | $7.81 | +1.3% |
FCN earned $8.01 per share over the past year, up 1.9% from the year before.
FCN Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1B | +5.9% |
| Q2 2026 | $993.5M | +5.3% |
| Q1 2026 | $983.3M | +9.5% |
| Q4 2025 | $990.7M | +11% |
| Q3 2025 | $956.2M | +3.3% |
| Q2 2025 | $943.7M | -0.6% |
| Q1 2025 | $898.3M | -3.3% |
| Q4 2024 | $894.9M | -3.2% |
FCN's revenue has grown year over year for five quarters in a row: $1B last quarter, up 5.9% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 8.9% | -3.4 points |
| Q2 2026 | 8.6% | -2 points |
| Q1 2026 | 8.5% | -0.2 points |
| Q4 2025 | 9.4% | +3.5 points |
| Q3 2025 | 12% | +2.5 points |
| Q2 2025 | 11% | -0.5 points |
| Q1 2025 | 8.8% | -2 points |
| Q4 2024 | 5.9% | -6.5 points |
FCN's operating margin was 8.9% last quarter, down 3.4 points from the same quarter a year ago.
FCN Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $182M | -2.7% |
| Q2 2026 | $141M | +269% |
| Q1 2026 | -$320.6M | +$162.4M |
| Q4 2025 | $351.4M | +16% |
| Q3 2025 | $187M | -12% |
| Q2 2025 | $38.3M | -69% |
| Q1 2025 | -$483M | -$203.6M |
| Q4 2024 | $301.6M | -20% |
FCN generated $354M in free cash flow over the past year, about eight times what it generated the year before.
FCN Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -7.1% | -2M shares |
| 1 year | -15% | -4.8M shares |
| 3 years | -24% | -8.7M shares |
| 5 years | -24% | -8.4M shares |
| Available history | -29% | -11.1M shares |
FCN has 27M diluted shares, down 15% from a year ago, with $693M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $85.2M |
| Q2 2026 | $393.2M |
| Q1 2026 | $126.8M |
| Q4 2025 | $87.8M |
| Q3 2025 | $234.2M |
| Q2 2025 | $354M |
| Q1 2025 | $182.6M |
| Q4 2024 | $10.2M |
FCN spent $693M buying back its own shares over the past year, down 11% from the year before.
FCN Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 1.9x | Healthy |
| Q2 2026 | 2.0x | Healthy |
| Q1 2026 | 1.3x | Healthy |
| Q4 2025 | 0.2x | Very low |
| Q3 2025 | 0.9x | Very low |
| Q2 2025 | 0.9x | Very low |
| Q1 2025 | 0.0x | Very low |
| Q4 2024 | -1.7x | Net Cash |
FCN's net debt is about 1.9 years of its operating earnings (EBITDA), up from less than a year a year ago.
FCN Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 71.1 | Overbought |
| Stochastic | 93.8 | Overbought |
FCN's weekly RSI is 71 (overbought) and its Stochastic is 94 (overbought).
FCN PE vs Industrials Sector
| Metric | FCN | Sector median | Relative |
|---|---|---|---|
| PE | 25x | 24x | 3.2% above |
| PE % | 68 | 58 | 10 pts above |
FCN is trading at 25x earnings, in line with the Industrials sector's median of 24x.
FCN Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $161.2 | 23% above |
| 20 week MA | $156.8 | 27% above |
| 50 week MA | $163.6 | 21% above |
| 100 week MA | $166.3 | 19% above |
| 200 week MA | $183.6 | 8.2% above |
FCN has climbed back above all five of its weekly moving averages, and it's now 8.2% above its 200-week average.
FCN Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $110.6 | $111.1 | +0.4% |
| 2021 | $111.1 | $150.8 | +36% |
| 2022 | $150.8 | $156.9 | +4% |
| 2023 | $156.9 | $199.2 | +27% |
| 2024 | $199.2 | $192.9 | -3.1% |
| 2025 | $192.9 | $175.5 | -9% |
| 2026 YTD | $175.5 | $198.6 | +13% |
FCN has finished higher in four of the last six years. It's up 13% so far in 2026.