FCNFTI CONSULTING, INC
Services-Management Consulting Services
- Revenue
- $3.8B
- 2.4% YoY
- Operating margin
- 10.3%
- 9.3% YoY
- EBITDA
- $435M
- 11% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- 0.9×
- $407M net debt
- AI in 10-K
- —
Red flags 2 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashFired56% of net incomeCash flow under 80% of net income
- Dilutive SBCClear1% of revenueOver 10% of revenue
- Payouts exceed cash flowFired564% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear36% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $2.8B | $3.0B | $3.5B | $3.7B | $3.8B | 2.4% |
| Operating income | $312M | $304M | $378M | $347M | $389M | 12% |
| Net income | $235M | $236M | $275M | $280M | $271M | 3.3% |
| Operating cash flow | $355M | $189M | $224M | $395M | $152M | 61% |
| Capex | $69M | $53M | $49M | $35M | $59M | 65% |
| Stock-based comp | $23M | $25M | $30M | $38M | $39M | 2.3% |
| Buybacks | $46M | $85M | $21M | $10M | $859M | 8304% |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $10M | $6M | 153 | 171 |
| FY2024 | $9M | $6M | 171 | 164 |
| FY2023 | $9M | $15M | 178 | 132 |
| FY2022 | $9M | $12M | 142 | 113 |
| FY2021 | $8M | $14M | 137 | 133 |