Corporate bankruptcy filing volumes and high-profile restructuring mandates (e.g., large Chapter 11 cases generating $50M+ in fees)
Litigation activity levels, particularly antitrust enforcement, securities class actions, and intellectual property disputes requiring economic expert testimony
M&A transaction volumes and regulatory scrutiny driving demand for forensic due diligence and dispute resolution services
Headcount growth and retention of senior managing directors (billable rate and utilization rate trends)
moderate - FTI exhibits counter-cyclical characteristics in its largest segment (Corporate Finance & Restructuring), where demand increases during economic downturns as bankruptcy filings rise and companies seek turnaround advice. However, other segments (Economic Consulting M&A work, Strategic Communications) are pro-cyclical, benefiting from strong deal activity and corporate spending. The 32% gross margin and 9.4% operating margin reflect this mixed exposure, with overall revenue showing modest 6% growth through various economic conditions. Economic stress typically drives 20-30% revenue increases in restructuring, partially offsetting weakness in transaction-related services.
Rising interest rates have a net positive impact on FTI's core business. Higher rates increase debt servicing costs for leveraged companies, accelerating financial distress and bankruptcy filings that drive restructuring demand. The 2022-2024 rate hiking cycle historically correlates with 18-24 month lagged increases in corporate default rates, benefiting FTI's largest segment. Additionally, tighter credit conditions reduce M&A financing availability, increasing deal disputes and valuation disagreements that require forensic and economic consulting. The company's 0.42 debt/equity ratio and $400M operating cash flow provide minimal direct financing cost sensitivity. Valuation multiples (14.3x EV/EBITDA) may compress with rising rates, but operational benefits typically outweigh multiple contraction.
Prolonged low-default environment reducing bankruptcy filing volumes: Extended periods of low interest rates, ample liquidity, and covenant-lite lending structures can suppress corporate distress, reducing demand for FTI's highest-margin restructuring services for multi-year periods
Technology disruption in e-discovery and document review: Artificial intelligence and machine learning tools are automating portions of litigation support and forensic analysis, potentially commoditizing lower-value services and compressing billing rates in the Technology segment
Regulatory changes affecting litigation economics: Tort reform, arbitration clauses, and reduced antitrust enforcement can decrease demand for expert testimony and economic consulting services
value - FTI attracts value-oriented investors seeking counter-cyclical exposure and defensive characteristics during late-cycle environments. The 7.6% free cash flow yield, 1.4x price/sales ratio, and 13.2% ROE appeal to investors anticipating economic stress that would drive restructuring demand. The stock underperformed (-13.6% over one year) as prolonged low default rates and strong credit markets suppressed bankruptcy activity through 2025. Investors typically accumulate positions 12-18 months before anticipated distress cycles, positioning for 20-40% upside when restructuring mandates accelerate. Limited dividend yield (company prioritizes M&A and buybacks) reduces income investor appeal.
Trend
+0.4% vs SMA 50 · +2.9% vs SMA 200
Momentum
Accumulation pattern present — more buying days than selling over the past 20 sessions. Volume conditions support gradual price improvement.
Based on volume distribution analysis. Direct short interest data (short float %, days to cover) is not available in current data sources.
Analyst consensus estimates · Actuals replace estimates as reported
| Year | Revenue Est. | Rev Gth | EPS Est. | EPS Gth | Range | Analysts |
|---|---|---|---|---|---|---|
FY2023 | $3.7B $3.7B–$3.7B | — | $9.45 | — | ±0% | Low1 |
FY2024 | $3.7B $3.7B–$3.7B | ▲ +0.6% | $8.15 | ▼ -13.7% | ±1% | Low2 |
FY2025 | $3.7B $3.7B–$3.7B | ▼ -0.0% | $8.51 | ▲ +4.4% | ±0% | Low2 |
New York, New York--(Newsfile Corp. - May 3, 2026) - WHY: Rosen Law Firm, a global investor rights l…
fti consulting, inc. is an independent global business advisory firm dedicated to helping organizations manage change, mitigate risk and resolve disputes: financial, legal, operational, political & regulatory, reputational and transactional. fti consulting professionals, located in all major business centers throughout the world, work closely with clients to anticipate, illuminate and overcome complex business challenges and opportunities.
| Symbol | Price | Day % | Mkt Cap↓ | P/E | Rev Grw | Margin | ELO |
|---|---|---|---|---|---|---|---|
FCN◀ | $173.82 | -3.06% | $5.2B | 20.5 | +243.9% | 714.9% | 1500 |
| $397.67 | +0.41% | $2.1T | 28.7 | +3296.8% | 4510.0% | 1500 | |
| $91.95 | +0.10% | $316.0B | 14.1 | +318.8% | 1510.7% | 1500 | |
| $131.46 | -0.32% | $305.1B | 22.6 | +586.3% | 1305.9% | 1500 | |
| $184.74 | -1.40% | $286.4B | 27.2 | +862.9% | 1745.9% | 1500 | |
| $146.57 | -0.87% | $279.7B | 21.0 | +597.3% | 2564.4% | 1500 | |
| $88.98 | -1.86% | $251.9B | 14.4 | -591.0% | 668.4% | 1500 | |
| Sector avg | — | -1.00% | — | 21.2 | +759.3% | 1860.0% | 1500 |