FTI Consulting Inc (FCN)
Pretax margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 358,392 | 318,903 | 304,304 | 283,982 | 297,749 | 280,967 | 276,499 | 289,492 | 297,947 | 313,163 | 289,107 | 273,977 | 262,446 | 240,120 | 255,820 | 279,087 | 288,450 | 280,323 | 264,341 | 236,152 |
| Revenue (ttm) | US$ in thousands | 3,489,242 | 3,336,371 | 3,220,975 | 3,111,826 | 3,028,984 | 2,935,947 | 2,860,439 | 2,814,939 | 2,776,223 | 2,714,552 | 2,638,598 | 2,539,210 | 2,461,275 | 2,436,912 | 2,407,769 | 2,406,036 | 2,352,717 | 2,255,492 | 2,175,398 | 2,081,377 |
| Pretax margin | 10.27% | 9.56% | 9.45% | 9.13% | 9.83% | 9.57% | 9.67% | 10.28% | 10.73% | 11.54% | 10.96% | 10.79% | 10.66% | 9.85% | 10.62% | 11.60% | 12.26% | 12.43% | 12.15% | 11.35% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $358,392K ÷ $3,489,242K
= 10.27%
FTI Consulting Inc.'s pretax margin has shown stability over the past eight quarters, ranging from 9.13% to 10.29%. Despite some fluctuations, the margin has generally remained within a narrow band, indicating consistent performance in generating profits before accounting for taxes. Notably, the company managed to sustain a pretax margin above 9%, which signals operational efficiency and effective cost management. However, considering the slight decline in the most recent quarter (Q4 2023), it could be worth monitoring whether this trend continues or if it represents a temporary variation in profitability. Overall, the company's ability to maintain a relatively stable pretax margin reflects sound financial management practices.
Peer comparison
Dec 31, 2023