Inferra AI / Company / FCN

Fti Consulting, Inc.

FCN · Industrials

Last earnings Oct 30, 2026

Key results

Record revenuequarter

$956.2 Million

Record Revenues of $956.2 Million, Up 3% Compared to $926.0 Million in

SEC original ↗Fti Consulting, Inc. — Earnings release (8-K exhibit)EX-99Oct 24, 2025

Growthquarter

Up 3%

Record Revenues of $956.2 Million, Up 3% Compared to $926.0 Million in

SEC original ↗Fti Consulting, Inc. — Earnings release (8-K exhibit)EX-99Oct 24, 2025

Revenuequarter

$956.2 million

Third quarter 2025 revenues of $956.2 million increased $30.1 million, or 3.3%, compared to revenues of $926.0 million in the prior year quarter.

SEC original ↗Fti Consulting, Inc. — Earnings release (8-K exhibit)EX-99Oct 24, 2025

Net incomequarter

$82.8 million

Net income of $82.8 million compared to $66.5 million in the prior year quarter.

SEC original ↗Fti Consulting, Inc. — Earnings release (8-K exhibit)EX-99Oct 24, 2025

Segment operating incomequarter

$93.0 million

Segment operating income of $93.0 million compared to $54.5 million in the prior year quarter.

SEC original ↗Fti Consulting, Inc. — Earnings release (8-K exhibit)EX-99Oct 24, 2025

Segment operating income of $40.5 million compared to $18.1 million in the prior year quarter.

SEC original ↗Fti Consulting, Inc. — Earnings release (8-K exhibit)EX-99Oct 24, 2025

Operating incomequarter

$5.8 million

Segment operating loss of $5.8 million compared to segment operating income of $33.9 million in the prior year quarter.

SEC original ↗Fti Consulting, Inc. — Earnings release (8-K exhibit)EX-99Oct 24, 2025

Segment operating income of $9.3 million compared to $12.5 million in the prior year quarter.

SEC original ↗Fti Consulting, Inc. — Earnings release (8-K exhibit)EX-99Oct 24, 2025

Segment operating income of $15.9 million compared to $11.2 million in the prior year quarter.

SEC original ↗Fti Consulting, Inc. — Earnings release (8-K exhibit)EX-99Oct 24, 2025

AI analysis

Q3 2025 · reported Oct 24, 2025

Based on: Earnings release + Q3 2025 deck + parent 8-K + 10-Q — transcript not held

Revenue · Q3 2025

$956.2M

EX-99 · Oct 24, 2025

Net income · Q3 2025

$82.8M

+24.5% +$16M vs year ago computed from stated figures

EX-99 · Oct 24, 2025

Segment operating income · Q3 2025

$93.0M

+70.6% +$38M vs year ago computed from stated figures

EX-99 · Oct 24, 2025

Record revenue · Q3 2025

$956.2M

EX-99 · Oct 24, 2025

The quarter in charts

Guidance ladder — revenue

Delivered vs the company's guided range

Q3 2025 delivered$956.2M

Guided range (company-stated)$3.7B · midpoint $3.7B

0$B

EX-99 · Oct 24, 2025 Guide as stated by the company; range and midpoint computed from the stated figure.

Headline figures

Metric	Q3 2025	Prior qtr	Year ago
Record revenue	$956.2 Million	—	—
Growth	Up 3%	—	—
Revenue	$956.2 million	$943.7 million	—
Net income	$82.8 million	$71.7 million	$66.5 million
Segment operating income	$93.0 million	$78.1 million	$54.5 million
Operating income	$5.8 million	$78.1 million	—

EX-99 · Oct 24, 2025

Guidance · company-stated

revenues$3.685 billion

“for full year 2025 will range between $3.685 billion and $3.735 billion”

EPS

“will range between $7.62 and $8.12”

Adjusted EPS

“will range between $8.20 and $8.70”

Adjusted EPS

“guidance is related to a $0.55”

Midpoint vs latest-quarter revenue+285.4%computed from stated figures

Guidance stated in the release for full year 2025; figures as stated.

Next earningsNo verified date on fileNo date is estimated or imported

Capital allocation

During the quarter ended September 30, 2025, the Company repurchased 1,425,644 shares of its common stock at an average price per share of $164.18 for a total cost of $234.1 million.

As of September 30, 2025, approximately $75.3 million remained available for common stock repurchases under the Company s stock repurchase program.

What changed vs last quarter

Guide midpoint vs latest-quarter revenue +285.4% computed from stated figures

General educational research only — not investment advice.Every figure is as stated in the held documents; values marked “computed from stated figures” are arithmetic on those stated figures. Guidance shown is the company’s own stated guidance. No price targets, no recommendations, no consensus estimates.

Event summary

Third quarter 2025 earnings per diluted share ( EPS ) of $2.60 compared to $1.85 in the prior year quarter

Based on: Earnings release + Q3 2025 deck + parent 8-K + 10-Q — transcript not held

Guidance & outlook

revenues: “revenues for full year 2025 will range between $3.685 billion and $3.735 billion”

EPS: “EPS will range between $7.62 and $8.12”

Adjusted EPS: “Adjusted EPS will range between $8.20 and $8.70”

Adjusted EPS: “Adjusted EPS guidance is related to a $0.55”

revenues (“full year 2025”)
“2025 Guidance The Company now estimates that revenues for full year 2025 will range between $3.685 billion and $3.735 billion, EPS will range between $7.62 and $8.12 and Adjusted EPS will range between $8.20 and $8.70.”

EPS (“full year 2025”)
“2025 Guidance The Company now estimates that revenues for full year 2025 will range between $3.685 billion and $3.735 billion, EPS will range between $7.62 and $8.12 and Adjusted EPS will range between $8.20 and $8.70.”

Adjusted EPS (“full year 2025”)
“2025 Guidance The Company now estimates that revenues for full year 2025 will range between $3.685 billion and $3.735 billion, EPS will range between $7.62 and $8.12 and Adjusted EPS will range between $8.20 and $8.70.”

Adjusted EPS (“the first quarter 2025”)
“The variance between EPS and Adjusted EPS guidance is related to a $0.55 special charge reported in the first quarter 2025 to align staffing with demand.”

Guidance stated in the release for full year 2025; figures as stated.

Capital allocation

During the quarter ended September 30, 2025, the Company repurchased 1,425,644 shares of its common stock at an average price per share of $164.18 for a total cost of $234.1 million.

SEC original ↗Fti Consulting, Inc. — Earnings release (8-K exhibit)EX-99Oct 24, 2025

As of September 30, 2025, approximately $75.3 million remained available for common stock repurchases under the Company s stock repurchase program.

SEC original ↗Fti Consulting, Inc. — Earnings release (8-K exhibit)EX-99Oct 24, 2025

Total debt, net of cash, of $364.0 million at September 30, 2025 compared to $(386.3) million at September 30, 2024 and $317.2 million at June 30, 2025.

SEC original ↗Fti Consulting, Inc. — Earnings release (8-K exhibit)EX-99Oct 24, 2025

The sequential increase in total debt, net of cash, was primarily due to share repurchases.

SEC original ↗Fti Consulting, Inc. — Earnings release (8-K exhibit)EX-99Oct 24, 2025

On October 21, 2025, the Company s Board of Directors authorized an additional $500.0 million to repurchase shares of FTI Consulting s outstanding common stock pursuant to its stock repurchase program, for an aggregate authorization of $2.2 billion since the program was approved on June 2, 2016.

SEC original ↗Fti Consulting, Inc. — Earnings release (8-K exhibit)EX-99Oct 24, 2025

As of October 21, 2025, FTI Consulting had repurchased 16,784,428 shares of its outstanding common stock under the program at an average price per share of $101.26 for an aggregate cost of approximately $1.7 billion.

SEC original ↗Fti Consulting, Inc. — Earnings release (8-K exhibit)EX-99Oct 24, 2025

Strategy & priorities

The increase in revenues was primarily due to increased demand for restructuring and transactions services and higher realized bill rates for transformation & strategy services.

SEC original ↗Fti Consulting, Inc. — Earnings release (8-K exhibit)EX-99Oct 24, 2025

Strategic Communications Revenues in the Strategic Communications segment increased $6.1 million, or 7.4%, to $89.4 million in the quarter compared to $83.3 million in the prior year quarter.

SEC original ↗Fti Consulting, Inc. — Earnings release (8-K exhibit)EX-99Oct 24, 2025

Forward-looking statements include statements concerning our plans, initiatives, projections, prospects, policies, processes and practices, objectives, goals, commitments, strategies, future events, future revenues, future results and performance, expectations, plans or intentions relating to acquisitions, share repurchases and other matters, business trends, new or changes to laws and regulations, including U.

SEC original ↗Fti Consulting, Inc. — Earnings release (8-K exhibit)EX-99Oct 24, 2025

Interim Chief Financial Officer and Chief Strategy & Transformation Officer, FTI Consulting, Inc.

SEC original ↗Fti Consulting, Inc. — Earnings release (8-K exhibit)EX-99Oct 24, 2025

With these formalities out of the way, I am joined today by Steve Gunby, our CEO and Chairman; and Paul Linton, our Interim Chief Financial Officer, Chief Strategy and Transformation Officer.

SEC original ↗Fti Consulting, Inc. — Earnings release (8-K exhibit)EX-99Oct 24, 2025

Risks & headwinds

The increase in revenues was driven by record quarterly revenues in the Corporate Finance & Restructuring and Forensic and Litigation Consulting segments, which was partially offset by lower revenues in the Economic Consulting and Technology segments.

SEC original ↗Fti Consulting, Inc. — Earnings release (8-K exhibit)EX-99Oct 24, 2025

Gunby , CEO and Chairman of FTI Consulting, commented, Notwithstanding major headwinds in a couple of our businesses, we delivered, yet again, record revenues and earnings this quarter.

SEC original ↗Fti Consulting, Inc. — Earnings release (8-K exhibit)EX-99Oct 24, 2025

These tremendous results, to me, confirm once again the power of our team and the strength of our continued commitment to invest behind great professionals who help clients navigate their most significant opportunities and challenges.

SEC original ↗Fti Consulting, Inc. — Earnings release (8-K exhibit)EX-99Oct 24, 2025

Forensic and Litigation Consulting Revenues in the Forensic and Litigation Consulting segment increased $25.9 million, or 15.4%, to $194.7 million in the quarter compared to $168.8 million in the prior year quarter.

SEC original ↗Fti Consulting, Inc. — Earnings release (8-K exhibit)EX-99Oct 24, 2025

These forward-looking statements involve many risks and uncertainties, assumptions and estimates, and other factors that could cause actual results to differ materially from such statements.

SEC original ↗Fti Consulting, Inc. — Earnings release (8-K exhibit)EX-99Oct 24, 2025

But even normalizing for the onetime factors, this was a record quarter, a quarter I would call spectacular and a set of results that to me was particularly gratifying given that we delivered these results in the face of major headwinds in two of our businesses and while continuing to invest in all of our businesses.

SEC original ↗Fti Consulting, Inc. — Earnings release (8-K exhibit)EX-99Oct 24, 2025

What changed vs prior quarter

Revenue — prior quarter passage and this quarter's passage are both cited.

SEC original ↗Fti Consulting, Inc. — Earnings release (8-K exhibit)EX-99Oct 24, 2025

Net income — prior quarter passage and this quarter's passage are both cited.

SEC original ↗Fti Consulting, Inc. — Earnings release (8-K exhibit)EX-99Oct 24, 2025

Segment operating income — prior quarter passage and this quarter's passage are both cited.

SEC original ↗Fti Consulting, Inc. — Earnings release (8-K exhibit)EX-99Oct 24, 2025

Documents

Earnings deck slides

0 decks with slide view

Fti Consulting, Inc. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Competitors