Cra INTERNATIONAL, Inc. (CRAI) intrinsic value & 10-year financials
Cra INTERNATIONAL, Inc. (CRAI) has a Graham intrinsic value of $270.38 per share. At $178.09 on Oct 17, 2026, the stock trades 34% below that value. Over the last 10 fiscal years revenue grew 10.5% a year to $751.6M, with an average return on invested capital of 11.7%.
- Graham intrinsic value
- $270.38
- Share price (Oct 17, 2026)
- $178.09
- Price vs Graham value
- 34% below
- Market cap
- $1.2B
- Revenue (FY2026)
- $751.6M
- Revenue growth (10-yr CAGR)
- 10.5%
- ROIC (10-yr avg)
- 11.7%
- Free cash flow (FY2026)
- $18.6M
CRAI 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2026 | $751.6M | $54.8M | $8.14 | $18.6M | 11.1% | 22.0% |
| FY2024 | $687.4M | $46.7M | $6.74 | $33.1M | 10.3% | 18.8% |
| FY2023 | $624.0M | $38.5M | $5.39 | $57.7M | 9.2% | 15.6% |
| FY2022 | $590.9M | $43.6M | $5.91 | $21.3M | 9.9% | 14.8% |
| FY2021 | $508.4M | $24.5M | $3.07 | $37.6M | 6.8% | 8.2% |
| FY2019 | $451.4M | $20.7M | — | $11.1M | 6.5% | 7.1% |
| FY2018 | $417.6M | $22.5M | — | $20.7M | 6.9% | 11.1% |
| FY2017 | $370.1M | $7.6M | — | $36.1M | 4.3% | 3.8% |
| FY2016 | $324.8M | $12.9M | — | $35.1M | 5.8% | 7.1% |
| FY2015 | $306.4M | $13.4M | — | $26.0M | 7.8% | 8.3% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
CRA INTERNATIONAL, INC. is a consistent compounder, expanding top-line revenue at 10.5% annually over the past decade.
CRA INTERNATIONAL, INC. returns on capital have been average, hovering around 12.7% ROIC over the decade.
Over the decade, CRA INTERNATIONAL, INC. shows that management has aggressively returned capital to shareholders by retiring 32.2% of outstanding shares, and that the company has leveraged its balance sheet to sustain operations.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, CRA INTERNATIONAL, INC. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $270.38 per share.