FTI Consulting Posts Record FY2025 EBITDA, Guides $8.90–9.60 EPS, $3.94–4.10B Revenue
FTI Consulting reported record FY2025 adjusted EBITDA of $463.6 million and adjusted EPS of $8.83 on $3.79 billion revenue, a 2.4% increase, as Q4 revenue rose 10.7% to $990.7 million. It guided FY2026 revenue to $3.94–4.10 billion and GAAP EPS $8.90–9.60, flagged $45 million higher SG&A, and repurchased 5.3 million shares ($858.6 million).
1. Record FY2025 Results
FTI Consulting delivered record full-year revenue of $3.79 billion and adjusted EBITDA of $463.6 million, with adjusted EPS of $8.83 marking the eleventh straight year of EPS growth. $100 million of headwinds from Technology and Economic Consulting were offset by $135 million of growth in Corporate Finance, FLC, and StratCom, while the firm repurchased 5.3 million shares for $858.6 million.
2. Q4 Segment Performance
In Q4, revenue rose 10.7% year-over-year to $990.7 million, led by Corporate Finance’s 26.1% jump to $423.2 million and 9.7% increase in FLC to $192.9 million. Economic Consulting revenues fell 14.5% to $176.2 million with adjusted EBITDA of $1.0 million, while Technology and StratCom grew 9.3% and 14.8% respectively.
3. 2026 Guidance and Outlook
For FY2026, FTI forecasts $3.94–4.10 billion in revenue and GAAP EPS of $8.90–9.60, noting about $45 million of higher SG&A and a 22–24% tax rate. Management expects Economic Consulting segment EBITDA to trough in Q1 2026 and cease dragging on year-over-year growth by H2, driven by AI demand and senior hires.