Revenue growth and reaffirmed guidance provide a floor, but the EPS miss, margin compression, and rising debt signal cost headwinds. Watch for Q2 margin trajectory and whether Economic Consulting weakness persists — a guidance cut would be bearish.
Price Chart
Executive Summary
FTI Consulting reported Q1 2026 revenue of $983.3M (+9.5% YoY) and GAAP EPS of $1.90 (+9.2% YoY), but net income declined to $57.6M from $61.8M due to higher costs and legal settlement gains in the prior year. The company reaffirmed full-year 2026 guidance of $3.94B-$4.10B revenue and $8.90-$9.60 EPS, with strong Corporate Finance (+19.2%) and Strategic Communications (+18.4%) growth offset by Economic Consulting weakness (-2.3%).
Key Financial Metrics
Key Facts
- Q1 2026 revenue $983.3M, up 9.5% YoY from $898.3M
- GAAP EPS $1.90 vs $1.74 YoY, up 9.2%
- Net income fell to $57.6M from $61.8M YoY due to higher costs and prior-year legal settlement gains
- Adjusted EBITDA margin contracted to 9.8% from 12.8% YoY
- Corporate Finance revenue surged 19.2% to $409.5M; Economic Consulting revenue fell 2.3% to $175.6M
- Full-year 2026 guidance reaffirmed: revenue $3.94B-$4.10B, EPS $8.90-$9.60
- Company repurchased 787,098 shares at avg $161.11 for $126.8M in Q1
- Net cash used in operations improved to -$310.0M from -$465.2M YoY
- Total debt net of cash rose to $556.7M from $99.9M at Dec 2025 due to bonus payments and buybacks
Financial Impact
Revenue beat consensus by 1.2% ($983.3M vs $971.2M est), but EPS of $1.90 missed consensus of $2.07 by 8.2%. Net income declined 6.8% YoY.
Risk Factors
- Economic Consulting segment revenue declined 2.3% YoY and swung to an operating loss
- Adjusted EBITDA margin compressed 300bps YoY to 9.8%
- Net debt surged to $556.7M from $99.9M sequentially, partly due to buybacks
- Higher SG&A and interest expense pressured bottom line
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3284738 |
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 21w 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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