Overview

• Consulting firm's Q4 revenue rose 11%, beating analyst expectations

• Adjusted EPS for Q4 beat analyst expectations, rising 14% yr/yr

• Company repurchased 5.26 mln shares in 2025, costing $858.6 mln

Outlook

• FTI Consulting estimates 2026 revenue between $3.940 bln and $4.100 bln

• FTI Consulting expects 2026 EPS to range from $8.90 to $9.60

• Company does not expect Adjusted EPS to differ from EPS in 2026

Result Drivers

• CORPORATE FINANCE GROWTH - Revenue in Corporate Finance segment rose 26.1% due to increased demand and higher bill rates for turnaround & restructuring services

• FORENSIC AND LITIGATION CONSULTING - Revenue increased 9.7% driven by higher bill rates for risk & investigations services

• ECONOMIC CONSULTING DECLINE - Revenue fell 14.5% due to lower demand for antitrust services

Company press release: ID:nGNX8PnVB5

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q4 Revenue	Beat	$990.70 mln	$918.55 mln (3 Analysts)
Q4 Adjusted EPS	Beat	$1.78	$1.46 (3 Analysts)
Q4 EPS		$1.78

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the business support services peer group is "buy"

• Wall Street's median 12-month price target for FTI Consulting Inc is $177.50, about 11% above its February 25 closing price of $159.98

• The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 18 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.