FTI Consulting vs UL Solutions
FTI Consulting is the larger business, with $3.79bn of revenue in fiscal 2025 against $3.05bn for UL Solutions (1.2 times as much). UL Solutions grew faster (6.4% against 2.4%). UL Solutions kept more of each dollar of sales as profit: a net margin of 10.6% against 7.1%.
| Latest fiscal year | FTI ConsultingFCN, 2025 | UL SolutionsULS, 2025 |
|---|---|---|
| Revenue | $3.79bn | $3.05bn |
| Revenue growth | 2.4% | 6.4% |
| Net income | $271m | $325m |
| Operating margin | — | 17.1% |
| Net margin | 7.1% | 10.6% |
| Return on equity | 13.6% | 30.0% |
| Free cash flow | $93.6m | $403m |
| Cash | $265m | $295m |
| Total debt | $365m | $494m |
| Debt to equity | — | 39.1% |
| Dividend per share | — | $0.52 |
| Dividend yield | — | 0.7% |
| Share buybacks | $859m | — |
| Employees | 8,118 | 14,587 |
| Market value | $5.36bn | $16.12bn |
| Price vs our value range | Within our value range | Above our value range |
| Moat score | 52 (Moderate) | — |
| Insider trades, 12 months | 4 buys, 2 sales | 2 buys, 26 sales |