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FTI Consulting FCN Corporate Finance — Direct Operating Costs

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Other financials

Income statement

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Revenue$983.3M+9.5%
Gross profit$306.8M+6.0%
Operating income$83.9M+6.6%
Net income$57.6M-6.8%
EPS (diluted)$1.90+9.2%

Balance sheet

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Cash & equivalents$198.3M+31.2%
Total debt$1.0B+155%
Total equity$1.7B-22.7%
Total assets$3.5B+4.7%

Cash flow

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Operating cash flow-$310.0M+33.4%
CapEx$10.6M-40.4%
Free cash flow-$320.6M+33.6%

Valuation

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Market cap$4.39B-8.3%

Profitability

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Gross margin31.9%0.0pp
Operating margin10.2%+1.3pp
Net margin6.9%-0.3pp
FCF margin4.3%-0.4pp

Returns & leverage

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Return on equity14%+1.5pp
Debt / equity0.6×+0.4×
Current ratio2.3×+0.1×

Where this comes from

Reported directly by FTI Consulting in its filing.

Tagged under the XBRL concept us-gaap:DirectOperatingCosts.

The official record: FTI Consulting’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is FTI Consulting's corporate finance — direct operating costs?
FTI Consulting (FCN) reported corporate finance — direct operating costs of $262.44M in Q1 2026.
How has FTI Consulting's corporate finance — direct operating costs changed year-over-year?
FTI Consulting's corporate finance — direct operating costs increased by 13.3% year-over-year, from $231.57M to $262.44M.
What is the long-term trend for FTI Consulting's corporate finance — direct operating costs?
Over 3 years (2022 to 2025), FTI Consulting's corporate finance — direct operating costs has grown at a 9.8% compound annual growth rate (CAGR), from $766.55M to $1.01B.
What does corporate finance — direct operating costs mean?
The aggregate costs directly attributable to the delivery of advisory services within the corporate finance segment, excluding indirect overhead. This includes billable staff costs and project-related expenses necessary to generate segment revenue. It is a key metric for evaluating the direct cost-to-income ratio of the service delivery model.