| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 74 | 17.9x | 17.8x | Top tier | |
Growth | 67 | 7.1% | 7.1% | Top tier | |
Quality | 73 | 10.8% | 4.5% | Top tier | |
Safety | 69 | 2.6x | 2.6x | Top tier | |
Capital Return | 63 | — | 2.12% | Around median | |
Momentum | 39 | -9.0% | 2.9% | Bottom tier | |
Sentiment | 35 | 2 | 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.
FTI Consulting operates as an expert-led consulting platform addressing complex, high-stakes matters across five segments: Corporate Finance CorpFin, Forensic and Litigation Consulting FLC, Economic Consulting Econ, Technology Tech, and Strategic Communications StratCom. Revenue comes from work including restructuring, business transformation, transactions, investigations, cybersecurity, antitrust, disputes, litigation support, and reputation and crisis management; the company also benefits from higher realized billing rates, success fees, and client engagements tied to major events.
In Q2 fiscal 2026, the company reported record revenue of $993.5 million, up 5.3% year over year, and gross profit of $316.3 million, representing a gross margin of approximately 31.8%. Net income was $57.8 million and GAAP EPS was approximately $1.99, while adjusted EPS was $2.16; adjusted EBITDA declined to $104.5 million and a margin of 10.5%, from $111.6 million and a margin of 11.8% in the comparable quarter.
Growth in Q2 fiscal 2026 was led by CorpFin, Tech, and FLC, with CorpFin revenue increasing 8.5% and Tech revenue increasing 18.4%, while Econ delivered a sequential improvement of $13.2 million in revenue and $14.7 million in adjusted EBITDA. Within CorpFin, restructuring and transformation represented 44% of segment revenue, transactions 26%, and business transformation 30%; the transformation practice grew 26% and transactions grew 10%, compared with a 2% year-over-year decline in restructuring and transformation revenue.
Automated analysis for informational purposes only — not investment advice.
The average analyst price target is $174.5, within a narrow range of $169 to $180, alongside a consensus Buy rating. The average target is approximately 7.8% below the 52-week high of $189.3, while the 52-week range extends from $137.65 to $189.3. Revenue growth and improvement in Econ and Tech support the consensus, but the reduction in EPS guidance, contraction in the adjusted EBITDA margin, and legal expenses explain the need to balance the positive target against execution and margin risks.
Figures in the text are as of 2026-08-31; the live price is shown at the top of the page.
Revenue increased 5.3% to $993.5 million, or 6.5% excluding pass-through revenue, led by CorpFin, Tech, and FLC. CorpFin grew 8.5% due to higher realized billing rates and success fees, while Tech jumped 18.4% amid increased second requests related to mergers and acquisitions. Econ also improved sequentially by $13.2 million in revenue and $14.7 million in adjusted EBITDA, supported by Compass Lexecon work in EMEA and North America.
On July 30, 2026, management lowered its GAAP EPS guidance range to $8.70–$9.30 from $8.90–$9.60, despite maintaining revenue guidance of $3.94–$4.10 billion. The reduction followed an increase in Q2 SG&A to $230.7 million, including one-time compensation, a meeting of all Senior Managing Directors, and higher travel and legal expenses. The company recorded $6.6 million in exceptional legal expenses, reducing GAAP EPS by $0.17, while setting adjusted EPS guidance at $9.10–$9.70.
Management believes artificial intelligence generates engagements in litigation, intellectual property, misinformation, antitrust, investigations, and cybersecurity, rather than merely serving as an internal tool. In Econ, an affiliated company expert participated in an engagement for OpenAI, while FLC receives requests related to the responsible deployment of artificial intelligence and data, fraud, and misconduct risks. In Tech, the company analyzed 45 thousand images, videos, and mobile data within an extremely short period to help a client decide on a litigation strategy.
Econ exceeded management's expectations in Q2 fiscal 2026, with a sequential increase of $13.2 million in revenue and $14.7 million in adjusted EBITDA. The improvement came from Compass Lexecon in EMEA and North America, supported by merger-related antitrust, financial economics, and engagements such as the deal involving Anglo American's nickel assets, Amadeus's plan to acquire IDEMIA Public Security, and an OpenAI engagement. However, management said a return to historical profitability levels will take several years, although it expects Econ not to be a year-over-year drag on revenue or adjusted EBITDA in the second half of fiscal 2026.
Geopolitical disruptions in the Middle East led to the suspension of some purchasing decisions and the postponement of engagement starts, and management did not specify a clear timeline for improvement on July 30, 2026. In the United Kingdom, some matters ended before major replacement engagements began, creating a revenue gap exacerbated by vacation seasonality in July and August. Lower overall restructuring activity and weaker regulatory enforcement also increase demand volatility, despite the company's global restructuring revenue growing 8% in the first half of fiscal 2026.
The company repurchased 2.6 million shares in Q2 fiscal 2026 at an average of $150.84 per share for a total cost of $390.9 million, and approximately $344 million remained available under the program as of June 30, 2026. In contrast, the three-month insider activity signal showed net sales of 135,198 shares, with one sale and no purchases recorded, and the latest transaction occurred on August 11, 2026. Insider selling remains a weak signal on its own because such sales may be prearranged, while the repurchase reflects a publicly announced corporate capital allocation decision based on its assessment that long-term value exists.
