FTI Consulting, Inc. (FCN) Stock Analysis

FTI Consulting’s primary competitive advantages stem from its scale, breadth of expertise, and reputation for handling complex, high-stakes matters. With over 8,100 employees across 34 countries, FCN is one of the few independent firms able to offer multidisciplinary advisory services globally. Its five-segment structure—spanning Corporate Finance & Restructuring, Forensic and Litigation Consulting, Economic Consulting, Technology, and Strategic Communications—enables cross-selling and integrated solutions, which smaller boutiques and many single-focus firms cannot match.

FCN’s client roster is a testament to its standing: it advises 90 of the Fortune 100 and all of the top 100 global law firms. No single client accounts for more than 10% of revenue, reducing concentration risk. The firm’s reputation is reinforced by industry accolades, such as being ranked #1 U.S. Restructuring Advisor by The Deal for 17 consecutive years and repeated recognition by Chambers and Lexology.

Compared to global accounting firms (e.g., Deloitte, PwC) and consulting giants (e.g., McKinsey, BCG), FCN’s edge lies in its conflict-free, expert-witness, and litigation support work—areas where independence is valued and Big Four conflicts can be a barrier. However, FCN lacks the scale and technology investment capacity of these larger rivals, which could become a disadvantage as AI and automation reshape the industry.

Employee retention and culture are also strengths, with external recognition from Forbes and low attrition rates supporting sustained client service quality.