Booz Allen Hamilton Holding Corp key statistics and ratios

In fiscal 2026, Booz Allen Hamilton Holding Corp had return on equity of 80.7%, an operating margin of 9.2%, debt equal to 356.6% of equity and a current ratio of 1.78. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Booz Allen Hamilton Holding Corp: financial ratios, annual
Fiscal year	2017Mar 2017	2018Mar 2018	2019Mar 2019	2020Mar 2020	2021Mar 2021	2022Mar 2022	2023Mar 2023	2024Mar 2024	2025Mar 2025	2026Mar 2026	LTMSept 2026
Gross margin	53.9%	53.5%	53.8%	54.7%	53.5%	53.4%	53.5%	53.8%	54.8%	52.7%	52.5%
Operating margin	8.7%	8.4%	9.0%	9.0%	9.6%	8.2%	4.8%	9.5%	11.4%	9.2%	9.3%
Net margin	4.5%	4.9%	6.2%	6.5%	7.7%	5.6%	2.9%	5.7%	7.8%	7.6%	7.1%
Free-cash-flow margin	5.7%	4.7%	6.0%	5.7%	8.0%	7.9%	5.7%	1.8%	7.6%	8.5%	9.0%
Return on equity	44.6%	52.6%	67.6%	63.0%	63.2%	44.1%	26.7%	59.4%	91.2%	80.7%	66.8%
Return on assets	7.7%	8.6%	11.3%	11.2%	11.8%	8.1%	4.3%	9.2%	13.5%	11.8%	10.2%
Asset turnover	1.72	1.77	1.80	1.73	1.53	1.45	1.47	1.63	1.73	1.55	1.42
Current ratio	1.18	1.45	1.44	1.75	2.04	1.59	1.21	1.62	1.79	1.78	1.43
Debt to equity	284.4%	327.0%	263.4%	255.2%	221.6%	267.7%	283.5%	325.9%	398.6%	356.6%	354.5%
Interest cover (operating income ÷ interest)	8.1x	6.3x	6.7x	6.9x	9.3x	7.4x	3.7x	5.9x	7.4x	4.9x	—
Effective tax rate	38.7%	29.8%	18.8%	16.7%	8.1%	22.8%	26.4%	29.0%	23.3%	1.3%	9.2%
Capital spending as % of revenue	0.9%	1.3%	1.4%	1.7%	1.1%	1.0%	0.8%	0.6%	0.8%	0.8%	0.8%
Free cash flow ÷ net income	125.9%	96.4%	96.8%	87.7%	103.7%	140.7%	193.8%	31.7%	97.4%	111.8%	125.5%
Dividends ÷ net income	35.6%	34.3%	27.3%	30.4%	29.7%	44.8%	86.8%	41.9%	28.7%	32.4%	36.1%
Dividends and buybacks ÷ free cash flow	42.5%	128.6%	90.6%	77.7%	78.3%	95.6%	87.3%	342.7%	118.6%	91.9%	66.7%

US$ thousands unless shown otherwise. Fiscal quarters.

Booz Allen Hamilton Holding Corp: financial ratios, quarterly
Quarter	2025 Q3Dec 2024	2025 Q4Mar 2025	2026 Q1Jun 2025	2026 Q2Sept 2025	2026 Q3Dec 2025	2026 Q4Mar 2026	2027 Q1Jun 2026	2027 Q2Sept 2026
Gross margin	55.3%	53.6%	51.3%	53.6%	51.9%	53.9%	52.3%	52.0%
Operating margin	10.0%	9.2%	8.8%	9.8%	8.8%	9.5%	10.0%	8.8%
Net margin	6.4%	6.5%	9.3%	6.1%	7.6%	7.4%	7.1%	6.5%
Free-cash-flow margin	4.6%	6.5%	3.3%	13.7%	9.5%	7.6%	9.3%	9.5%
Current ratio	1.57	1.79	1.78	1.76	1.81	1.78	1.59	1.43
Debt to equity	278.8%	398.6%	373.6%	397.6%	384.4%	356.6%	327.5%	354.5%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

2 of 6 checks passed · September 30, 2026

What it owns · $8.3bn

Short-term assets $2.9bnLonger-term assets $5.4bn

What it owes, and who funded it · $8.3bn

Short-term liabilities $2.0bnLonger-term liabilities $5.1bnShareholders' equity $1.2bn

Short-term assets cover short-term liabilities $2.9bn of assets due within a year against $2.0bn of liabilities due within a year.
Short-term assets cover long-term liabilities $2.9bn short-term assets against $5.1bn of longer-dated liabilities.
More cash than debt $334m of cash against $4.4bn of debt.
Debt below 40% of shareholders' equity Debt is 355% of equity.
Debt burden no higher than five years ago Debt to equity moved from 261% to 355% over five years.
A year's operating cash flow covers at least 20% of debt $1.1bn of operating cash flow against $4.4bn of debt.
Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Booz Allen Hamilton Holding Corp's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

61 /100

Moderate moat

How hard Booz Allen Hamilton Holding's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

Returns on capital 15 / 20

Net income has been a median 9.6% of total assets over 10 years.
Pricing power 18 / 20

Gross margin has been a median 53.6%, moving by 0.6 percentage points (standard deviation) across 9 years.
Durability 10 / 20

Operating margin has been a median 9.1%; its worst year was 5.2%.
Cash conversion 13 / 20

Free cash flow was positive in 9 of 9 years, at a median 6.7% of revenue.
Discipline 20 / 20

The diluted share count fell 19.8% over five years; stock-based pay has been a median 0.7% of revenue.

AI disruption exposure: High. In this industry, the core product is information work that AI systems increasingly perform. The score above includes a 15-point deduction for that exposure (76 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

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Figures from Booz Allen Hamilton Holding Corp's SEC filings (10-K and 10-Q), retrieved October 24, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Booz Allen Hamilton Holding Corp.