The EPS miss and declining profitability (Adjusted EBITDA margin down 300bps) are concerning, but strong revenue growth and reaffirmed guidance may prevent a sharp sell-off. Watch for analyst downgrades and monitor Q2 for margin recovery.
Price Chart
Executive Summary
FTI Consulting reported Q1 2026 revenue of $983.3M (+9.5% YoY) but GAAP EPS of $1.90 missed consensus estimates ($2.25) by 15.6%. Net income fell to $57.6M and Adjusted EBITDA dropped 15.9% to $96.8M due to higher costs. Full-year 2026 guidance was reaffirmed, offering no catalyst to offset the earnings miss.
Key Financial Metrics
Key Facts
- Q1 2026 revenue $983.3M (up 9.5% YoY, but below $1.01B consensus)
- GAAP EPS $1.90 (up 9.2% YoY, but missed $2.25 consensus by 15.6%)
- Net income $57.6M vs $61.8M in prior year quarter
- Adjusted EBITDA $96.8M (9.8% of revenue) vs $115.2M (12.8%)
- Full-year 2026 guidance reaffirmed: revenue $3.94B-$4.1B, EPS $8.90-$9.60
- Repurchased 787,098 shares for $126.8M during the quarter
- Total debt net of cash increased to $556.7M from $99.9M at year-end 2025
Financial Impact
EPS miss of 15.6% vs consensus likely drives near-term stock weakness
Risk Factors
- Margin compression from higher SG&A and tax rate
- Economic Consulting segment continues to weigh on results
- Further deterioration in Forensic & Litigation Consulting profitability
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 8 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-201565 |
| Document: fcn-ex99_2.htm | 0001193125-26-201565 |
| Document: fcn-20260430.htm | 0001193125-26-201565 |
| Document: fcn-ex99_3.htm | 0001193125-26-201565 |
| Document: 0001193125-26-201565-index-headers.html | 0001193125-26-201565 |
| Document: 0001193125-26-201565-index.html | 0001193125-26-201565 |
| Document: 0001193125-26-201565.txt | 0001193125-26-201565 |
| 8-K Data (Synthetic) | 0001193125-26-201565 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jul 1, 2026 13w ago | 8-K | $149.39 $130.45 | ▼ −12.68% | ▼ −15.55% | $136.40 (−8.70%) |
Jun 5, 2026 17w ago | 8-K | $159.70 $150.57 | ▼ −5.72% | ▼ −9.72% | $136.40 (−14.59%) |
Jun 5, 2026 17w ago | Press Release | $159.70 $150.57 | ▼ −5.72% | ▼ −9.72% | $136.40 (−14.59%) |
May 27, 2026 18w ago | Press Release | $154.42 $153.49 | ▼ −0.60% | ▼ −2.48% | $136.40 (−11.67%) |
May 13, 2026 20w ago | Insider Cluster | $144.83 $151.43 | ▲ +4.56% | ▲ +0.12% | $136.40 (−5.82%) |
May 1, 2026 22w ago | 8-K | $168.05 $170.42 | ▼ −1.41% | ▲ +0.45% | $136.40 (+18.83%) |
Apr 30, 2026 22w ago | Press Release | $179.30 $161.88 | ▼ −9.72% | ▼ −12.82% | $136.40 (−23.93%) |
Apr 21, 2026 23w ago | DEFA14A | $187.03 $164.57 | ▼ −12.01% | ▼ −18.91% | $136.40 (−27.07%) |
Apr 9, 2026 25w ago | Press Release | $181.01 $155.69 | ▼ −13.99% | ▼ −24.77% | $136.40 (−24.65%) |
Mar 11, 2026 29w ago | Press Release | $162.84 $154.66 | ▼ −5.02% | ▼ −16.55% | $136.40 (−16.24%) |
US Market Status
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