Q4 2025 FTI Consulting Inc Earnings Call Transcript
Key Points
- FTI Consulting Inc (FCN) reported record fourth-quarter revenues and record results for the full year 2025, showcasing resilience despite significant headwinds.
- The company achieved double-digit organic growth in its Corp Fin, FLC, and Stratcom segments, which more than offset declines in Economic Consulting and Tech segments.
- FTI Consulting Inc (FCN) successfully delivered its 11th consecutive year of adjusted EPS growth, highlighting the company's consistent performance.
- The company has a diverse portfolio of services that allows it to support clients regardless of economic cycles, positioning it well for future growth.
- FTI Consulting Inc (FCN) is a top destination for talent, having announced 85 senior hires in 2025, which strengthens its competitive position.
- The Economic Consulting segment faced significant challenges, with revenues decreasing by 14.5% in Q4 2025 due to lower demand for antitrust services.
- The Tech segment experienced a slow year overall, although it showed signs of recovery in the fourth quarter.
- FTI Consulting Inc (FCN) anticipates substantial headwinds in 2026, particularly in the first half, due to ongoing challenges in the Compass Lexecon business.
- The company expects SG&A expenses to increase by approximately $45 million in 2026, impacting profitability.
- FTI Consulting Inc (FCN) faces tough year-over-year comparisons in the first half of 2026 due to onetime benefits in 2025 that will not recur.
Welcome to the FTI Consulting fourth-quarter and full-year 2025 earnings conference call. (Operator Instructions) Please note that this event is being recorded.
I would now like to turn the conference over to Mollie Hawkes, Head of Investor Relations. Please go ahead.
Good morning. Welcome to the FTI Consulting conference call to discuss the company's fourth quarter and full year 2025 earnings results as reported this morning. Management will begin with formal remarks, after which, we will take your questions.
Before we begin, I would like to remind everyone that this conference call may include forward-looking statements within the meaning of the Private Securities Litigation Reform Act, including the company's outlook and expectations for full year 2026 based on management's current beliefs and expectations. These forward-looking statements involve many risks and uncertainties, assumptions and estimates and other factors that could cause actual
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