Filing Flows › FTI Consulting (FCN) › Q1 2025
FTI Consulting (FCN) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 24, 2025
FTI Consulting (FCN) reported revenue of $898M for the first quarter 2025 (Q1 2025), -3% from a year earlier and +0.4% from the quarter before. Operating margin was 8.8%, net earnings $61.8M (6.9% of revenue).
FTI Consulting, Q1 2025: revenue $898M (-3% year over year), operating margin 8.8%, net earnings $61.8M, operating cash flow −$465M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $898M | +0.4% | -3% |
| Gross profit | $289M | +7% | -4% |
| Operating profit | $78.7M | +49% | -21% |
| Net earnings | $61.8M | +24% | -23% |
| Operating cash flow | −$465M | — | — |
What changed
Revenue was $898.3M in Q1 2025, down 3% year over year and roughly flat from the previous quarter.
Gross margin was 32.2%, down 0.4 points from a year earlier. Operating profit was $78.7M, a 8.8% margin (down 2.0 points year over year). Operating expenses grew 4% against a revenue fall of 3%. The fastest-growing cost line was Other operating costs (+2490%). Net earnings were $61.8M, down 23% year over year. The effective tax rate was 23.3%.
Operating cash flow was −$465.2M. Non-cash charges added back $10.1M of depreciation and amortization and $9.8M of share-based compensation. Working capital and other items used $546.9M. Capital expenditures of $17.8M exceeded it, leaving free cash flow of −$483.0M.
Questions
What was FTI Consulting's revenue in the first quarter 2025?
FTI Consulting (FCN) reported revenue of $898M for the first quarter 2025 (Q1 2025), -3% from a year earlier and +0.4% from the quarter before.
Was FTI Consulting profitable in the first quarter 2025?
Operating profit was $78.7M (8.8% of revenue) and net earnings $61.8M.
Source: FTI Consulting 10-Q on SEC EDGAR.