Filing Flows › FTI Consulting (FCN) › Q3 2025
FTI Consulting (FCN) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 23, 2025
FTI Consulting (FCN) reported revenue of $956M for the third quarter 2025 (Q3 2025), +3% from a year earlier and +1% from the quarter before. Operating margin was 12.3%, net earnings $82.8M (8.7% of revenue).
FTI Consulting, Q3 2025: revenue $956M (+3% year over year), operating margin 12.3%, net earnings $82.8M, operating cash flow $202M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $956M | +1% | +3% |
| Gross profit | $318M | +5% | +7% |
| Operating profit | $118M | +19% | +29% |
| Net earnings | $82.8M | +16% | +25% |
| Operating cash flow | $202M | +263% | -8% |
| Free cash flow | $187M | +389% | -12% |
What changed
Revenue was $956.2M in Q3 2025, up 3% year over year and up 1% from the previous quarter.
Gross margin was 33.3%, up 1.1 points from a year earlier. Operating profit was $117.7M, a 12.3% margin (up 2.5 points year over year). Of the extra revenue versus a year earlier, 89% reached operating profit, above the 10% margin then. Operating expenses fell 3% while revenue rose 3%. Net earnings were $82.8M, up 25% year over year. The effective tax rate was 25.9%.
Operating cash flow was $201.9M (down 8% year over year), 244% of net earnings. Non-cash charges added back $12.1M of depreciation and amortization and $9.0M of share-based compensation. Working capital and other items added $97.9M. Capital expenditures of $14.9M left free cash flow of $187.0M.
Questions
What was FTI Consulting's revenue in the third quarter 2025?
FTI Consulting (FCN) reported revenue of $956M for the third quarter 2025 (Q3 2025), +3% from a year earlier and +1% from the quarter before.
Was FTI Consulting profitable in the third quarter 2025?
Operating profit was $118M (12.3% of revenue) and net earnings $82.8M.
Source: FTI Consulting 10-Q on SEC EDGAR.