Booz Allen Hamilton Holding Corp has filed its 10-Q with the SEC, and its figures are now in our data. Revenue over the twelve months to Q2 2027 was $10.98 billion, which fell 6.2% on the year before. That growth rate was up 1.1 percentage points on the rate a quarter earlier.

Profitability

The trailing gross margin was 52.5%. The trailing operating margin was 9.3%, down 0.2 percentage points from a year earlier. The trailing net margin was 7.1%. Net income over the twelve months was $784.0 million, which fell 5.1% on the year before.

Cash flow

Operating cash flow over the twelve months was $1.08 billion, up 18.2% on the year before. Capital spending was $92.0 million, or 0.8% of revenue. Free cash flow, operating cash flow less capital spending, was $984.0 million, up 20.1% on the year before. Free cash flow was 9.0% of revenue, which is the free-cash-flow margin, up 2.0 percentage points from a year earlier.

Share count

The average diluted share count fell 4.0% over the year.

Against its own history

Today’s free-cash-flow margin of 9.0% is higher than 91% of the company’s own past quarterly readings, which have ranged from 1.8% to 11.4%. Today’s operating margin of 9.3% is higher than 71% of the company’s own past quarterly readings, which have ranged from 4.8% to 11.5%. Today’s twelve-month revenue growth rate of −6.2% is higher than 7% of the company’s own past quarterly readings, which have ranged from −7.3% to 15.2%.

Guidance

The company gave its fiscal year 2027 guidance for Revenue: $11.2 billion to $11.7 billion. The company gave its fiscal year 2027 guidance for Revenue Growth: 0% to 4%. The company gave its fiscal year 2027 guidance for Adjusted EBITDA: $1,240.0 million to $1,290.0 million. The company gave its fiscal year 2027 guidance for Adjusted Diluted EPS: $6.00 to $6.35.

What it means for value

In our model, growth 5 percentage points lower would lower the value by 34.1%, and 5 percentage points higher would raise it by 44.8%. A free-cash-flow margin 1 percentage point lower would lower it by 15.1%.

What to watch

The next filing will reveal whether the recent improvement in the revenue growth rate continues or if the negative trend persists. It will also show if the expansion in the free-cash-flow margin is sustained relative to the company’s historical range. Finally, the report will indicate how the operating margin evolves against its own past quarterly readings.