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FTI Consulting FCN Technology — Direct Operating Costs

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$231.96M+1.4%
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$62.29M-4.9%

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Other financials

Income statement

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Revenue$993.5M+5.3%
Gross profit$316.3M+4.5%
Operating income$85.0M-14.3%
Net income$57.8M-19.4%
EPS (diluted)$1.99-6.6%

Balance sheet

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Cash & equivalents$163.7M+7.1%
Total debt$1.3B+75.4%
Total equity$1.3B-29.8%
Total assets$3.5B+1.2%

Cash flow

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Operating cash flow-$310.0M+33.4%
CapEx$11.3M-35.3%
Free cash flow-$320.6M+33.6%

Valuation

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Market cap$4.17B-23.4%
Enterprise value$5.27B-12.3%
P/E16.5×-5.3×
P/S1.1×-0.4×

Profitability

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Gross margin31.8%+0.2pp
Operating margin9.7%+0.9pp
Net margin6.4%-0.4pp
FCF margin4.3%-0.4pp

Returns & leverage

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Return on equity15.6%+3.3pp
Debt / equity+0.6×
Current ratio-0.1×

Where this comes from

Reported directly by FTI Consulting in its filing.

Tagged under the XBRL concept us-gaap:DirectOperatingCosts.

The source filing: FTI Consulting’s 10-Q, filed July 30, 2026.

Filed
Jul 30, 2026, 7:30 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000887936-26-000088
Three Months Ended June 30, 2026Corporate FinanceFLCEconomic ConsultingTechnologyStrategic CommunicationsTotal
Direct costs
Compensation expenses (1)247,199120,840138,75538,69852,758598,250
Other segment items (2)23,1195,20112,60528,4839,53378,941
270,318126,041151,36067,18162,291677,191
Segment gross profit$141,081$68,213$37,452$31,836$37,691$316,273
Six Months Ended June 30, 2026CorporateFinanceFLCEconomicConsultingTechnologyStrategic CommunicationsTotal
Revenues$820,901$387,132$364,460$201,340$202,976$1,976,809
Direct costs

Item 1. Financial Statements

FAQ

What is FTI Consulting's technology — direct operating costs?
FTI Consulting (FCN) reported technology — direct operating costs of $67.18M in Q2 2026.
How has FTI Consulting's technology — direct operating costs changed year-over-year?
FTI Consulting's technology — direct operating costs increased by 14.1% year-over-year, from $58.86M to $67.18M.
What is the long-term trend for FTI Consulting's technology — direct operating costs?
Over 3 years (2022 to 2025), FTI Consulting's technology — direct operating costs has grown at a 6.6% compound annual growth rate (CAGR), from $206.61M to $249.95M.
What does technology — direct operating costs mean?
The aggregate expenses directly attributable to the delivery of services within the technology segment, excluding general corporate overhead. This metric is essential for calculating the segment's direct contribution margin and operational cost structure.

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