Booz Allen Hamilton
BAH · Research & Consulting Services
$78.32
0.3%FTI Consulting
FCN · Research & Consulting Services
$157.24
0.2%The short version
- Booz Allen Hamilton is the larger business, with $11.2B of revenue in fiscal 2026 against $3.8B for FTI Consulting, about 3.0 times as much.
- FTI Consulting grew revenue faster (2.4%, against −6.4%).
- FTI Consulting kept more of each dollar of sales as operating profit (10.3% operating margin, against 9.2% operating margin).
- Booz Allen Hamilton turned more of its sales into free cash flow (8.5% FCF margin, against 2.5% FCF margin).
- Booz Allen Hamilton earned a higher return on the capital invested in it (24.2%, against 16.6%).
- Investors pay more for each dollar of FTI Consulting’s earnings: a P/E of 18.9x against 12.2x for Booz Allen Hamilton.
| Latest fiscal year | BAH · FY26 | FCN · FY25 |
|---|---|---|
| Size | ||
| Market cap | $9.4B | $4.6B |
| Revenue | $11.2B | $3.8B |
| Free cash flow | $951M | $93.6M |
| Net income | $851M | $271M |
| Growth | ||
| Revenue growth | −6.4% | 2.4% |
| 5-year growth | 7.4% | 9.0% |
| Share count change | −4.6% | −8.3% |
| Profitability | ||
| Gross margin | 52.7% | 32.1% |
| Operating margin | 9.2% | 10.3% |
| Net margin | 7.6% | 7.2% |
| FCF margin | 8.5% | 2.5% |
| Return on capital | 24.2% | 16.6% |
| Return on equity | 80.7% | 13.6% |
| Balance sheet | ||
| Net debt | $3.2B | $99.9M |
| Net debt / EBITDA | 2.7x | 0.2x |
| Dividends and buybacks | $874M | $859M |
| Valuation & quality | ||
| P/E | 12.2x | 18.9x |
| Piotroski F-score | 5 | 4 |
FY17
BAH $5.8B
FCN $1.8B
FY18
BAH $6.2B
FCN $2.0B
FY19
BAH $6.7B
FCN $2.4B
FY20
BAH $7.5B
FCN $2.5B
FY21
BAH $7.9B
FCN $2.8B
FY22
BAH $8.4B
FCN $3.0B
FY23
BAH $9.3B
FCN $3.5B
FY24
BAH $10.7B
FCN $3.7B
FY25
BAH $12.0B
FCN $3.8B
FY26
BAH $11.2B
FCN —
BAH
FCN
FY17
BAH 8.7%
FCN 6.0%
FY18
BAH 8.4%
FCN 11.1%
FY19
BAH 9.0%
FCN 13.0%
FY20
BAH 9.0%
FCN 11.5%
FY21
BAH 9.6%
FCN 11.2%
FY22
BAH 8.2%
FCN 10.0%
FY23
BAH 4.8%
FCN 10.8%
FY24
BAH 9.5%
FCN 9.4%
FY25
BAH 11.4%
FCN 10.3%
FY26
BAH 9.2%
FCN —
BAH
FCN
FY17
BAH $328M
FCN $116M
FY18
BAH $291M
FCN $198M
FY19
BAH $405M
FCN $176M
FY20
BAH $423M
FCN $292M
FY21
BAH $631M
FCN $287M
FY22
BAH $657M
FCN $135M
FY23
BAH $527M
FCN $175M
FY24
BAH $192M
FCN $360M
FY25
BAH $911M
FCN $93.6M
FY26
BAH $951M
FCN —
BAH
FCN
FY17
BAH 16.1%
FCN 7.9%
FY18
BAH 17.7%
FCN 12.1%
FY19
BAH 23.1%
FCN 17.0%
FY20
BAH 25.0%
FCN 16.3%
FY21
BAH 29.3%
FCN 17.7%
FY22
BAH 18.9%
FCN 16.6%
FY23
BAH 10.1%
FCN 18.3%
FY24
BAH 19.7%
FCN 17.1%
FY25
BAH 26.2%
FCN 16.6%
FY26
BAH 24.2%
FCN —
BAH
FCN
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Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.