FTI Consulting, Inc. is a global business advisory firm dedicated to helping organizations manage change, mitigate risk and resolve disputes: financial, legal, operational, political & regulatory, reputational and transactional. With more than 6,300 employees located in 28 countries, FTI Consulting professionals work closely with clients to anticipate, illuminate and overcome complex business challenges and make the most of opportunities. The Company generated $2.46 billion in revenues during fiscal year 2020.

Company profile
Ticker
FCN
Exchange
Website
CEO
Steven Gunby
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
FORENSIC TECHNOLOGIES INTERNATIONAL CORP, FTI CONSULTING INC
SEC CIK
Corporate docs
Subsidiaries
Andersch AG • Andersch digital GmbH • Andersch Management GmbH • Compass Lexecon (Belgium) SRL • Compass Lexecon Economic Consulting (Beijing) Co., Ltd. • Compass Lexecon LLC • [fka LI Acquisition Company • Compass Lexecon Spain S.r.l. • Compass Lexecon SRL • FD MWA Holdings Inc. ...
IRS number
521261113
FCN stock data
News

FTI Consulting Earnings Perspective: Return On Capital Employed
3 Aug 22
FTI Consulting Q2 EPS $1.43 Misses $1.67 Estimate, Sales $755.00M Beat $737.95M Estimate
28 Jul 22
Earnings Scheduled For July 28, 2022
28 Jul 22
Truist Securities Maintains Buy on FTI Consulting, Raises Price Target to $220
6 Jun 22
Press releases
FTI Consulting Reports Second Quarter 2022 Financial Results
28 Jul 22
Forbes Names FTI Consulting to America's Best Employers for Women List
27 Jul 22
FTI Consulting's Technology Segment Launches Digital Advertising and Consent Management Privacy Solutions
20 Jul 22
FTI Consulting Adds Team of Five to Global Aviation Practice
19 Jul 22
FTI Consulting Appoints Monish Paul as Senior Managing Director to Lead the Economic & Financial Consulting Practice in Western Australia
18 Jul 22
Analyst ratings and price targets
Calendar
28 Jul 22
12 Aug 22
31 Dec 22
Financial summary
Quarter (USD) | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 255.73M | 255.73M | 255.73M | 255.73M | 255.73M | 255.73M |
Cash burn (monthly) | 5.14M | 95.42K | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 7.46M | 138.59K | n/a | n/a | n/a | n/a |
Cash remaining | 248.27M | 255.59M | n/a | n/a | n/a | n/a |
Runway (months of cash) | 48.3 | 2678.7 | n/a | n/a | n/a | n/a |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
6 Jun 22 | Gerard E Holthaus | Common Stock | Gift | Dispose G | No | No | 0 | 1,000 | 0 | 68,977 |
2 Jun 22 | Costamagna Claudio | Common Stock | Payment of exercise | Dispose F | No | No | 169.68 | 401 | 68.04K | 46,818 |
1 Jun 22 | Nicole S Jones | Common Stock | Grant | Acquire A | No | No | 0 | 1,492 | 0 | 1,809 |
1 Jun 22 | Bacon Brenda J | Common Stock | Grant | Acquire A | No | No | 0 | 1,492 | 0 | 16,834 |
1 Jun 22 | Gerard E Holthaus | Common Stock | Grant | Acquire A | No | No | 0 | 1,492 | 0 | 69,977 |
Institutional ownership, Q1 2022
13F holders | Current |
---|---|
Total holders | 326 |
Opened positions | 324 |
Closed positions | 0 |
Increased positions | 1 |
Reduced positions | 1 |
13F shares | Current |
---|---|
Total value | 5.49B |
Total shares | 34.9M |
Total puts | 3.8K |
Total calls | 16K |
Total put/call ratio | 0.2 |
Largest owners | Shares | Value |
---|---|---|
Mawer Investment Management | 4.44M | $697.6M |
Kayne Anderson Rudnick Investment Management | 3.59M | $564.06M |
Vanguard | 3.17M | $498.15M |
BLK Blackrock | 2.82M | $443.71M |
Black Creek Investment Management | 1.41M | $222.18M |
ATAC Neuberger Berman | 1.23M | $193.26M |
Dimensional Fund Advisors | 1.05M | $165.27M |
Capital International Investors | 973.41K | $153.04M |
STT State Street | 948.93K | $149.19M |
Brown Advisory | 845.8K | $132.95M |
Financial report summary
?Risks
- The COVID-19 pandemic has had, and could continue to have, a negative impact on our financial results and it could potentially have a material adverse impact on our business, financial condition and results of operations, the extent of which is not predictable.
- The COVID-19 pandemic has impacted, and could continue to impact, our segments and practices, the types of services they provide, and the regions in which we operate, differently.
- The COVID-19 pandemic could heighten risks related to, or otherwise negatively impact the effectiveness of, cybersecurity, information technology, financial reporting and other corporate functions that the Company relies upon to operate.
- The COVID-19 pandemic could adversely impact the health and welfare of our client-facing professionals, as well as our executive officers and other employees of our Company, which could have a material adverse effect on our ability to secure or perform client engagements and our results of operations.
- Our revenues, operating income and cash flows are likely to fluctuate.
- If we do not effectively manage the utilization of our professionals or billable rates, our financial results could decline.
- Our segments may face risks of fee non-payment, clients may seek to renegotiate existing fees and contract arrangements, and clients may not accept billable rate or price increases, which could result in loss of clients, fee write-offs, reduced revenues and less profitable business.
- Our Technology segment faces certain risks, including (i) industry consolidation and a highly competitive environment, (ii) downward pricing pressure, (iii) data breach, (iv) technology changes and obsolescence, and (v) failure to protect intellectual property ("IP") used by the segment, which individually or together could cause the financial results and prospects of this segment and the Company to decline.
- We face certain risks relating to cybersecurity, the failure to protect the confidentiality of client information against misuse or disclosure, and the use or misuse of social media.
- We may not manage our growth effectively, and our profitability may suffer.
- Our operations involve financial and business risks that differ among the jurisdictions in which we operate.
- Failure to comply with governmental, regulatory and legal requirements or with our company-wide Code of Ethics and Business Conduct, Anti-Corruption Policy, Policy on Inside Information and Insider Trading, and other policies could lead to governmental or legal proceedings that could expose us to significant liabilities and damage our reputation.
- We may be required to recognize goodwill impairment charges, which could materially affect our financial results.
- The compromise of confidential or proprietary information could damage our reputation, harm our businesses and adversely impact our financial results.
- Governmental focus on data privacy and security has increased, and could continue to increase, our costs of operations.
- Changes to corporate income tax rates, tax legislation, tax rules and regulations and tax treaties in the jurisdictions in which we conduct business may substantially negatively impact our effective tax rate and financial results of operations and increase our cash tax payment obligations.
- We are exposed to certain physical and regulatory risks related to climate change, which could adversely affect our business, financial condition and results of operations.
- Increasing scrutiny and changing expectations from governmental organizations, investors, clients and our colleagues with respect to our ESG-related practices and those of our clients may impose additional costs on us or expose us to new or additional risks.
- Our business depends on our ability to use and access information systems, and modernize or replace such systems from time to time, and failure to effectively maintain such systems or modernize or replace systems could materially adversely affect our business and operations and harm our reputation.
- Our failure to recruit and retain qualified professionals and manage headcount needs and utilization could negatively affect our financial results and our ability to staff client engagements, maintain relationships with clients and drive future growth.
- We incur substantial costs to hire and retain our professionals, and we expect these costs to continue and to grow.
- We rely heavily on our executive officers and the heads of our segments and industry and regional leaders for the success of our business, the loss of whom may negatively impact our business and operations.
- Professionals may leave our Company to form or join competitors, and we may not have, or may choose not to pursue, legal recourse against such professionals.
- Our failure to achieve and maintain a diverse and inclusive workforce may impair our ability to attract and retain qualified employees, win and maintain clients or attract investment, which could have a material adverse effect on our business and financial results, as well as reputational harm.
- If we are unable to accept or continue client engagements due to real or perceived relationship issues, our revenues, growth, client engagements and prospects may be negatively affected.
- Claims involving our services or adverse publicity could harm our overall professional reputation and our ability to compete and attract business or hire or retain qualified professionals.
- We may incur significant costs and may lose engagements as a result of claims by our clients regarding our services.
- Our clients may terminate our engagements with little or no notice and without penalty, which may result in unexpected declines in our utilization and revenues.
- We may not have, or may choose not to pursue, legal remedies against clients that terminate their engagements.
- Failure of our internal information technology systems controls may harm our overall professional reputation and disrupt our business operations.
- If we fail to compete effectively, we may miss business opportunities or lose existing clients, and our revenues and profitability may decline.
- We may face competition from parties who sell us their businesses and from professionals who cease working for us.
- We may have difficulty integrating acquisitions or convincing clients to allow assignment of their engagements to us, which can increase costs of, and reduce the benefits we receive from, acquisitions.
- We may have different systems of governance and management from a company we acquire or its parent, which could cause professionals who join us from an acquired company to leave us.
- Our leverage could adversely affect our financial condition or operating flexibility if the Company fails to comply with operating covenants under applicable debt instruments.
- We and our subsidiaries may incur significant additional indebtedness.
- We may not be able to generate sufficient cash to service our indebtedness, and we may be forced to take actions to satisfy our payment obligations under our indebtedness, which may not be successful.
- Our Credit Facility is guaranteed by substantially all of our domestic subsidiaries and will be required to be guaranteed by future domestic subsidiaries, including those that join us in connection with acquisitions.
- We may not have the ability to raise the funds necessary to settle conversions of the 2023 Convertible Notes, repurchase the 2023 Convertible Notes upon a fundamental change or repay the 2023 Convertible Notes at the August 15, 2023 maturity date, and the agreements governing our other indebtedness contain, and our future debt agreements may contain, limitations on our ability to pay cash upon conversion or repurchase of the 2023 Convertible Notes.
- The conditional conversion feature of the 2023 Convertible Notes, if triggered, may adversely affect our financial condition and operating results.
- Our variable rate indebtedness will subject us to interest rate risk, which could cause our annual debt service obligations to increase significantly.
Management Discussion
- FTI Consulting, Inc. ("FTI Consulting," "we," "us" or the "Company") is a global business advisory firm dedicated to helping organizations manage change, mitigate risk and resolve disputes: financial, legal, operational, political & regulatory, reputational and transactional. Individually, each of our segments and practices is staffed with experts recognized for the depth of their knowledge and a track record of making an impact. Collectively, FTI Consulting offers a comprehensive suite of services designed to assist clients across the business cycle, from proactive risk management to rapid response to unexpected events and dynamic environments.
- Our Corporate Finance & Restructuring (“Corporate Finance”) segment focuses on the strategic, operational, financial, transactional and capital needs of our clients around the world. Our clients include companies, boards of directors, investors, private equity sponsors, lenders, and other financing sources and creditor groups, as well as other parties-in-interest. We deliver a wide range of services centered around three core offerings: business transformation, transactions and turnaround & restructuring.
- Our Forensic and Litigation Consulting (“FLC”) segment provides law firms, companies, government entities, private equity firms and other interested parties with a multidisciplinary and independent range of services in risk and investigations and disputes, including a focus on highly regulated industries such as our construction & environmental solutions and health solutions services. These services are supported by our data & analytics solutions, which help our clients analyze large, disparate sets of data related to their business operations and support our clients during regulatory inquiries and commercial disputes. We deliver a wide range of services centered around five core offerings: construction & environmental solutions, data & analytics, disputes, health solutions and risk and investigations.
Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. sophomore Avg
|
New words:
talent
Removed:
cost, improvement, judgment, leading, pending, position, York
Financial reports
Current reports
8-K
Results of Operations and Financial Condition
29 Jul 22
8-K
Results of Operations and Financial Condition
29 Jul 22
8-K
FTI Consulting Reports Second Quarter 2022 Financial Results
29 Jul 22
8-K
Submission of Matters to a Vote of Security Holders
3 Jun 22
8-K
FCN.N - Q1 2022 FTI Consulting Inc Earnings Call
2 May 22
8-K
Results of Operations and Financial Condition
2 May 22
8-K
FTI Consulting Reports First Quarter 2022 Financial Results
2 May 22
8-K
FTI Consulting Announces the Election of Nicole S. Jones and Stephen C. Robinson as Independent Directors
24 Mar 22
8-K
FCN.N—Q4 2021 FTI Consulting Inc Earnings Call
1 Mar 22
8-K
Results of Operations and Financial Condition
25 Feb 22
Registration and prospectus
S-8
Registration of securities for employees
3 Jun 20
S-8
Registration of securities for employees
6 Jun 17
S-8 POS
Registration of securities for employees (post-effective amendment)
6 Jun 17
S-8 POS
Registration of securities for employees (post-effective amendment)
6 Jun 17
S-8 POS
Registration of securities for employees (post-effective amendment)
6 Jun 17
S-8
Registration of securities for employees
2 Jun 15
S-8 POS
Registration of securities for employees (post-effective amendment)
6 Oct 14
S-8
Registration of securities for employees
21 Aug 14
424B3
Prospectus supplement
26 Jun 13
S-4
Registration of securities issued in business combination transactions
21 May 13
Proxies
DEFA14A
Additional proxy soliciting materials
15 Apr 22
DEFA14A
Additional proxy soliciting materials
19 Apr 21
DEFA14A
Additional proxy soliciting materials
16 Apr 20
DEFA14A
Additional proxy soliciting materials
23 Apr 19
DEF 14A
Definitive proxy
23 Apr 18
DEFA14A
Additional proxy soliciting materials
23 Apr 18
Other
UPLOAD
Letter from SEC
14 Sep 15
CORRESP
Correspondence with SEC
16 Aug 15
UPLOAD
Letter from SEC
20 Jul 15
EFFECT
Notice of effectiveness
26 Jun 13
UPLOAD
Letter from SEC
13 Jun 13
CORRESP
Correspondence with SEC
9 Jun 13
UPLOAD
Letter from SEC
29 May 13
UPLOAD
Letter from SEC
9 Aug 12
CORRESP
Correspondence with SEC
30 Jul 12
UPLOAD
Letter from SEC
17 Jul 12
Ownership
4
FTI CONSULTING / Gerard E Holthaus ownership change
7 Jun 22
4
FTI CONSULTING / Claudio Costamagna ownership change
6 Jun 22
4
FTI CONSULTING / Vernon James Ellis ownership change
2 Jun 22
4
FTI CONSULTING / MARK S. BARTLETT ownership change
2 Jun 22
4
FTI CONSULTING / Laureen Seeger ownership change
2 Jun 22
4
FTI CONSULTING / Claudio Costamagna ownership change
2 Jun 22
4
FTI CONSULTING / Stephen C Robinson ownership change
2 Jun 22
4
FTI CONSULTING / Brenda J Bacon ownership change
2 Jun 22
4
FTI CONSULTING / Gerard E Holthaus ownership change
2 Jun 22
4
FTI CONSULTING / NICHOLAS C FANANDAKIS ownership change
2 Jun 22
Transcripts
2022 Q2
Earnings call transcript
31 Jul 22
2022 Q1
Earnings call transcript
29 Apr 22
2021 Q4
Earnings call transcript
26 Feb 22
2021 Q3
Earnings call transcript
28 Oct 21
2021 Q2
Earnings call transcript
31 Jul 21
2021 Q1
Earnings call transcript
2 May 21
2020 Q4
Earnings call transcript
26 Feb 21
2020 Q3
Earnings call transcript
1 Nov 20
2020 Q2
Earnings call transcript
2 Aug 20
2020 Q1
Earnings call transcript
3 May 20
Reddit threads
Daily Discussion Thread - July 28th, 2022
28 Jul 22
Daily Discussion Thread - July 27th, 2022
27 Jul 22
Daily Discussion Thread - July 26th, 2022
26 Jul 22
Daily Discussion Thread - July 25th, 2022
25 Jul 22
Stocks Rise Thursday; Meme Stocks Rally, Yield Curve Remains Inverted
7 Jul 22
Daily Discussion Thread - April 28th, 2022
28 Apr 22
Daily Discussion Thread - April 27th, 2022
27 Apr 22
Daily Discussion Thread - April 26th, 2022
26 Apr 22
Daily Discussion Thread - April 25th, 2022
25 Apr 22
Daily Discussion Thread - February 24th, 2022
24 Feb 22