FTI Consulting Reports Record Third‑Quarter 2025 Financial Results

FCN
October 24, 2025

FTI Consulting, Inc. announced on October 23, 2025 that its third‑quarter results were record‑setting, with revenue of $956.2 million—up 3.3% year‑over‑year—and earnings per share of $2.60, a 40% increase over the same period a year earlier. Net income rose to $82.8 million, and adjusted EBITDA reached $130.6 million, reflecting higher revenues, lower selling, general and administrative costs, and a favorable foreign‑exchange remeasurement gain. The company’s adjusted EBITDA margin expanded to 13.7% from 11.1% in the prior year quarter.

Segment performance was uneven: Corporate Finance & Restructuring generated $404.9 million in revenue, up 18.6% YoY, while Forensic and Litigation Consulting added $194.7 million, a 15.4% increase. Strategic Communications grew $89.4 million, 7.4% YoY, but Economic Consulting and Technology saw declines of 22.0% and 14.8% respectively, reflecting headwinds in antitrust and M&A‑related services. Despite these segment variances, the overall top‑line and bottom‑line growth underscored the firm’s resilience.

FTI’s board authorized an additional $500 million for share repurchases on October 21, 2025, bringing the total authorized amount to $2.2 billion. The company repurchased 1,425,644 shares at an average price of $164.18, costing $234.1 million, and now has $500 million remaining available for future buybacks. The repurchase program signals management’s confidence in the company’s valuation and provides a vehicle for returning capital to shareholders.

The company updated its full‑year 2025 guidance, projecting revenue between $3.685 billion and $3.735 billion, earnings per share of $7.62 to $8.12, and adjusted EPS of $8.20 to $8.70. These figures represent a slight upward revision from prior estimates and reflect the firm’s expectation of continued growth in its core segments. The guidance, coupled with the record quarter and capital‑allocation strategy, positions FTI Consulting for sustained shareholder value creation.

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