| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 54 | 21.3x | 17.8x | Around median | |
Growth | 33 | 11.5% | 7.1% | Bottom tier | |
Quality | 69 | 12.8% | 4.5% | Top tier | |
Safety | 58 | 2.8x | 2.6x | Around median | |
Capital Return | 48 | 1.26% | 2.12% | Around median | |
Momentum | 34 | -12.9% | 2.9% | Bottom tier | |
Sentiment | 23 | 3 | 3 | Bottom tier |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
CRA International, also known as Charles River Associates, operates as a specialized consulting firm providing litigation and regulatory services and management consulting. Its portfolio includes antitrust and competition economics, finance, forensic services and investigations, intellectual property, life sciences, energy, and risk analytics; revenue is generated from economic expert engagements, disputes, investigations, and strategic consulting assignments performed by teams of consultants for clients.
In fiscal Q2 2026, CRA International reported record quarterly revenue of $210.8 million, up 12.8% year over year, versus EDGAR-reported net income of $13.5 million, equivalent to a calculated net income margin of approximately 6.4%. Revenue increased from $201.0 million and net income from $11.1 million in fiscal Q1 2026. In fiscal 2025, revenue was $751.6 million, net income was $54.8 million, and earnings per share were $8.14.
Growth was broad-based in fiscal Q2 2026; eight practices representing 95% of total revenue grew, six practices achieved double-digit growth, and the antitrust and competition economics practice posted its highest quarterly revenue. Revenue from litigation and regulatory services increased 10.1%, North American operations grew 8.7%, and international operations grew 32.9%. For the first half of fiscal 2026, revenue on a constant-currency basis was $408.8 million, and adjusted earnings before interest, taxes, depreciation, and amortization were $49.7 million, with a margin of 12.2%.
Automated analysis for informational purposes only — not investment advice.
The consensus analyst target is $194, with the highest and lowest targets both at the same level and a consensus rating of "Buy," but the absence of dispersion among the targets does not provide a broad range of differing estimates. The target is approximately 14.6% below the 52-week range high of $227.29 and approximately 46.8% above its low of $132.17; therefore, the record revenue track record and raised guidance should be weighed against higher net debt, slower collections, and increases in the tax rate and noncash amortization.
Figures in the text are as of 2026-09-02; the live price is shown at the top of the page.
Fiscal Q2 2026 revenue reached a record $210.8 million, up 12.8% year over year. Eight practices representing 95% of revenue contributed to growth, and six practices achieved double-digit growth. International operations also increased 32.9%, while the inflow of new project opportunities and project originations grew at double-digit rates.
Management raised the expected revenue range on a constant-currency basis to $805–$820 million from a previous range of $785–$805 million. It maintained its adjusted earnings before interest, taxes, depreciation, and amortization margin guidance at 12% to 13%. Management also expects the constant-currency adjustment to reduce reported annual revenue by approximately $2.5 million and earnings before interest, taxes, depreciation, and amortization by less than $250 thousand.
PJM selected CRA's energy practice in fiscal Q2 2026 for a multiyear engagement to develop data center load forecasts. The practice also advises data center developers and operators on site selection, energy procurement, and development strategies in the United States. In forensic services and investigations, management believes that artificial intelligence tools increase CRA's efficiency, but also enhance hackers' capabilities and the complexity of cybersecurity incidents, supporting demand for incident response.
The antitrust and competition economics practice benefited from global merger activity of $2.85 trillion in the first half of 2026 and recorded its sixth consecutive record quarter. CRA provided economic advice to Fivetran regarding the competitive and regulatory aspects of its merger with dbt Labs in the United States, and the transaction was completed on June 1, 2026. However, fiscal Q2 2026 growth was also distributed across energy, life sciences, forensic services and investigations, intellectual property, finance, and risk analytics.
The company ended fiscal Q2 2026 with net debt of $197.6 million, resulting from $219 million in borrowings and $21.4 million in cash. Total liquidity was $98.7 million, including $77.3 million of available capacity under the credit facility. Days sales outstanding also increased to 113 days from 100 days in the previous quarter, alongside cash spending of $18.2 million on talent investments.
The company returned $31.4 million to shareholders during fiscal Q2 2026. This included $27.8 million to repurchase approximately 193 thousand shares at an average of $144 per share, in addition to dividends of $3.6 million. Since the beginning of fiscal 2026, it has spent $49.3 million to repurchase 309 thousand shares at an average of $160, with $16.6 million remaining available under the program.
