Fti CONSULTING, Inc. (FCN) intrinsic value & 10-year financials
Fti CONSULTING, Inc. (FCN) has a Graham intrinsic value of $273.70 per share. At $148.53 on Oct 17, 2026, the stock trades 46% below that value. Over the last 10 fiscal years revenue grew 8.6% a year to $3.8B, with an average return on invested capital of 13.3%.
- Graham intrinsic value
- $273.70
- Share price (Oct 17, 2026)
- $148.53
- Price vs Graham value
- 46% below
- Market cap
- $4.9B
- Revenue (FY2025)
- $3.8B
- Revenue growth (10-yr CAGR)
- 8.6%
- ROIC (10-yr avg)
- 13.3%
- Free cash flow (FY2025)
- $93.6M
FCN 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $3.8B | $270.9M | $8.24 | $93.6M | 10.3% | 14.7% |
| FY2024 | $3.7B | $280.1M | $7.81 | $359.7M | 9.4% | 15.0% |
| FY2023 | $3.5B | $274.9M | $7.71 | $175.0M | 10.8% | 16.0% |
| FY2022 | $3.0B | $235.5M | $6.58 | $135.5M | 10.0% | 14.4% |
| FY2021 | $2.8B | $235.0M | $6.65 | $286.8M | 11.2% | 15.5% |
| FY2020 | $2.5B | $210.7M | $5.67 | $292.2M | 11.5% | 14.5% |
| FY2019 | $2.4B | $216.7M | $5.69 | $175.8M | 13.0% | 16.0% |
| FY2018 | $2.0B | $150.6M | $3.93 | $198.4M | 11.1% | 12.1% |
| FY2017 | $1.8B | $108.0M | $2.75 | $115.6M | 6.0% | 7.9% |
| FY2016 | $1.8B | $85.5M | $2.05 | $204.6M | 7.9% | 7.0% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
FTI CONSULTING, INC is a consistent compounder, expanding top-line revenue at 8.6% annually over the past decade.
FTI CONSULTING, INC returns on capital have been average, hovering around 13.3% ROIC over the decade.
Over the decade, FTI CONSULTING, INC shows that management has aggressively returned capital to shareholders by retiring 21.2% 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, FTI CONSULTING, INC is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $273.70 per share.