TacticScale

What FTI Consulting Does & How It Makes Money (FCN)

Updated October 2026 · reflects FTI Consulting's latest reported financials

Global business advisory firm for restructuring, disputes, and risk. It earns fees from clients for advisory, expert, investigative and communications work delivered by its professionals across five segments.

FTI Consulting's story, moat and numbers — in a 3-minute visual book.

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How FTI Consulting makes money

It earns fees from clients for advisory, expert, investigative and communications work delivered by its professionals across five segments.

What FTI Consulting does

FTI Consulting, founded in 1982 and headquartered in Washington, D.C., is a global business advisory firm that helps organizations manage change, mitigate risk and resolve disputes. It operates through five segments: Corporate Finance (transactions, transformation, turnaround and restructuring), Forensic and Litigation Consulting (dispute advisory, data analytics, healthcare risk, construction and environmental matters, and risk and investigations including cybersecurity), Economic Consulting (antitrust, financial economics and international arbitration), Technology (information governance, privacy and security, and support for investigations, litigation, M&A and antitrust reviews), and Strategic Communications (corporate reputation, financial communications and public affairs). The firm serves a wide range of industries, including financial services, energy, healthcare and life sciences, aerospace and defense, real estate, telecom, media and technology, and government contracts. Its work is often tied to high-stakes events such as bankruptcies, regulatory investigations, major litigation and crises.

Products & services

What is FTI Consulting worth?

On an owner-earnings DCF, FTI Consulting's most-likely value is about $262 versus a recent price near $136 (92% below fair value). But TacticScale only calls a stock undervalued when the price sits below its conservative no-growth floor (~$148) with a margin of safety — so the honest verdict here is “Fairly priced — no edge.” Fair value earns its keep only at the extremes, not in the wide middle.

Verdict: Fairly priced — no edge
Owner-earnings fair value · recent price ≈ $136
Fair value (most likely)
$262
Range
$208–$363
No-growth floor
$148
Price
~$136

Price sits in the normal range — fair value isn't actionable here; it earns its keep only when price drops below the no-growth floor, or runs to roughly double the optimistic case.

Analysis, not advice. Fair value is a margin-of-safety estimate from a deterministic owner-earnings DCF, not a price target or recommendation. See the full breakdown →

Sector Industrials Industry Consulting Services HQ United States Ticker FCN Official site

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