FTI CONSULTING, INC
boothcheck covers FTI CONSULTING, INC (FCN) but does not put one priced-in number on it: here the defensible answer is the evidence rather than a point estimate. boothcheck publishes no house fair value, target price, or buy/sell rating. Narrative composed July 26, 2026.
• One of the five practices is doing the damage: Economic Consulting saw gross profit fall 39.5% to $142.4 million in 2025 while its billable headcount dropped 8.6% to 1,014 and utilisation slid to 59% from 66%, all with an average billable rate that barely moved. • The rest of the firm went the other way: Forensic and Litigation Consulting lifted gross profit 21.7% to $274.1 million on an average billable rate of $442 an hour against $390, with headcount flat at 1,541. • Second-quarter results
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388 institutional managers reported holding FCN in 13F filings for the quarter ended 2026-03-31. 53 opened new positions that quarter. Held by Vanguard Group, BlackRock, FMR (Fidelity), among others. On the short side, 1.9M shares were sold short as of the 2026-06-15 count, about 6% of shares outstanding (4.8 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
FCN has cut its share count 10.4% over the past five years, spending $1.10B on repurchases. It pays no dividend. Cash returned over the past three years: $995.73M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at FCN over the trailing three years: 2024: 1 buy totaling $250k; 2025: 1 buy totaling $1.13M. 17 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
FCN's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2016-07-29 | -0.2% | +4.0% |
| 2017-07-28 | -0.3% | +7.3% |
| 2018-07-27 | -1.5% | -3.1% |
| 2018-10-26 | +1.0% | -7.3% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
FCN's latest 8-K filings: 2026-07-31 (items 2.02, 7.01, 9.01); 2026-07-01 (items 1.01, 2.03, 7.01, 9.01); 2026-06-05 (items 5.07, 8.01, 9.01); 2026-05-01 (items 2.02, 7.01, 9.01); 2026-03-18 (items 1.01, 2.03, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: July 26, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.