FTI Consulting Reports Record 2025 Results, Issues 2026 Guidance, and Executes Substantial Share Buyback
Summary
FTI Consulting reported record full-year 2025 revenues and adjusted EPS, along with strong Q4 results, and introduced 2026 guidance for continued growth. The company also executed a substantial $858.6 million share repurchase program in 2025, signaling strong confidence in its valuation.
Key Events
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Record Full Year 2025 Financial Performance
The company achieved record full-year 2025 revenues of $3.789 billion, an increase of 2.4% year-over-year, and record Adjusted EPS of $8.83, up 10.5% from the prior year.
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Strong Fourth Quarter 2025 Results
Fourth quarter 2025 revenues increased 10.7% to $990.7 million, with Adjusted EPS rising 14.1% to $1.78 compared to the prior year quarter.
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Substantial Share Repurchase Program
FTI Consulting repurchased 5,264,916 shares of its common stock for a total cost of $858.6 million in 2025, with approximately $491.8 million remaining available under its authorization.
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Introduces 2026 Financial Guidance
The company provided full-year 2026 guidance, estimating revenues between $3.940 billion and $4.100 billion, and EPS between $8.90 and $9.60.
Analysis
This filing reports strong financial performance for FTI Consulting in Q4 and full-year 2025, with record revenues and adjusted EPS. The company also provided 2026 guidance, projecting continued revenue and EPS growth. A particularly significant highlight is the substantial share repurchase program, with over $858 million in stock bought back during 2025, demonstrating strong management confidence and commitment to shareholder returns. While operating cash flow decreased and the company shifted to a net debt position, the overall performance and capital allocation strategy present a positive outlook. Management also expressed confidence in AI as a positive disruptor for the business, driving new categories of work.
At the time of this filing, FCN was trading at $164.42 on NYSE in the Trade & Services sector, with a market capitalization of approximately $5.1B. The 52-week trading range was $149.31 to $183.72. This filing was assessed with positive market sentiment and an importance score of 9 out of 10.