FTI Consulting, Inc. (FCN) Stock Price & How to Invest

FTI Consulting is a global expert firm that advises corporations, law firms, governments, and financial institutions through five segments: Corporate Finance and Restructuring (its largest, roughly 41% of revenue), Forensic and Litigation Consulting (~20%), Economic Consulting (~19%), Technology (~10%), and Strategic Communications (~10%). Its work spans turnaround and restructuring, transactions, disputes and investigations, antitrust and regulatory economics, e-discovery, and corporate reputation. The firm employs roughly 8,100 people, of whom about 6,400 are billable professionals, and generates around 63% of revenue from US-based professionals.

The investment picture is one of a broadly diversified, partly countercyclical advisory business: restructuring demand tends to rise when the economy weakens, while litigation and communications work is more steady. FY2025 revenue was about $3.79 billion, and management guides 2026 revenue to roughly $3.94 to $4.10 billion with EPS of $8.90 to $9.60. The near-term tension is margins: growth in Corporate Finance and Strategic Communications is being partly offset by elevated compensation costs and a soft Economic Consulting unit, which posted a segment EBITDA loss in early 2026.

The Economic Consulting segment has been a clear drag, with revenue declining and swinging to a segment EBITDA loss on softer antitrust and economic-analysis demand plus elevated compensation. FTI is fundamentally a people business, so rising staff costs, senior-professional attrition, and utilization swings can compress margins even when revenue grows. Heavy reliance on the US market ties results to domestic economic conditions and regulatory activity. Much of the work is project-based and can be lumpy, making quarterly earnings volatile. Competition for talent and clients from larger and specialist advisory firms is intense.

A simple financial snapshot. These are approximations and refresh quarterly; for current figures see FTI Consulting, Inc.'s investor relations page or your broker.

• Revenue (FY2025): ~$3.79B
• Revenue (Q1 2026): ~$983M (+9.5% YoY)
• 2026 revenue guidance: ~$3.94B to $4.10B
• 2026 EPS guidance: ~$8.90 to $9.60
• Market cap: ~$4.7B to $5.3B
• P/E (TTM): ~18x

FCN traded around $157 in mid-July 2026, within a 52-week range of roughly $141 to $189. Its trailing P/E near 18x sits modestly below its longer-run historical average, reflecting margin worries even as revenue keeps growing. Valuation hinges on whether restructuring and communications strength can offset the Economic Consulting softness and cost pressure.

There are three common ways to get FCN exposure. Buy shares (or fractional shares) directly at any major broker. Hold an ETF that includes it, which spreads the position across many companies. Or build it into a focused thematic basket, so FCN sits alongside other stocks that express the same thesis.

Walnut takes the basket route. Describe a thesis where FCN fits (for example “AI infrastructure” or “dividend-growth large-caps”) and the AI proposes 5 to 6 constituents with target weights. You review the plan and fund it through your own broker when you're ready.

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FCN is a diversified, countercyclical consulting franchise whose steady top-line growth is currently offset by margin pressure and a weak Economic Consulting segment.

Whether FCN is worth buying today depends more on your time horizon and what you already hold than on any single call. We walk through valuation, what would have to go right, and the risks in is FCN a buy?, and where the stock could go from here in the FCN stock forecast.

For income investors, whether FCN pays a dividend and how the payout looks is covered in does FCN pay a dividend?