Filing Flows › FTI Consulting (FCN) › Q2 2025
FTI Consulting (FCN) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 24, 2025
FTI Consulting (FCN) reported revenue of $944M for the second quarter 2025 (Q2 2025), -0.6% from a year earlier and +5% from the quarter before. Operating margin was 10.5%, net earnings $71.7M (7.6% of revenue).
FTI Consulting, Q2 2025: revenue $944M (-0.6% year over year), operating margin 10.5%, net earnings $71.7M, operating cash flow $55.7M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $944M | +5% | -0.6% |
| Gross profit | $303M | +5% | -3% |
| Operating profit | $99.3M | +26% | -5% |
| Net earnings | $71.7M | +16% | -15% |
| Operating cash flow | $55.7M | — | -59% |
| Free cash flow | $38.3M | — | -69% |
What changed
Revenue was $943.7M in Q2 2025, down 1% year over year and up 5% from the previous quarter.
Gross margin was 32.1%, down 0.8 points from a year earlier. Operating profit was $99.3M, a 10.5% margin (down 0.4 points year over year). Operating expenses fell 2% while revenue fell 1%. Net earnings were $71.7M, down 15% year over year. The effective tax rate was 22.0%.
Operating cash flow was $55.7M (down 59% year over year), 78% of net earnings. Non-cash charges added back $11.3M of depreciation and amortization and $9.9M of share-based compensation. Working capital and other items used $37.2M. Capital expenditures of $17.4M left free cash flow of $38.3M.
Questions
What was FTI Consulting's revenue in the second quarter 2025?
FTI Consulting (FCN) reported revenue of $944M for the second quarter 2025 (Q2 2025), -0.6% from a year earlier and +5% from the quarter before.
Was FTI Consulting profitable in the second quarter 2025?
Operating profit was $99.3M (10.5% of revenue) and net earnings $71.7M.
Source: FTI Consulting 10-Q on SEC EDGAR.