FTI Consulting: Strong Q3, But Execution Was Never The Question

Emmanuel Onwusah371 FollowersFollow5ShareSavePlay(9min)CommentsSummaryFTI Consulting posted record Q3 2025 results, driven by Corporate Finance & Restructuring, but structural growth remains elusive.Economic Consulting and Technology segments underperformed, with EC revenues down 22% YoY and operating at a loss, limiting upside potential.Despite improved earnings quality and aggressive $234M buybacks, FCN’s business trajectory lacks a clear growth catalyst for rerating.I maintain a Hold rating, as FCN’s valuation reflects reliability and stability rather than a compelling growth story. Michael H/DigitalVision via Getty Images FTI Consulting Inc. (NYSE:FCN) delivered a very strong Q3 2025. The quarter was a record across some metrics, albeit a big part of this is due to its Corporate Finance & Restructuring segment. On the surface, it looks like theThis article was written byEmmanuel Onwusah371 FollowersFollowI’m Emmanuel Onwusah—a financial analyst, writer, and recovering engineer. I hold FMVA® and BIDA® certifications from the Corporate Finance Institute, and I spend most of my time creating pitch decks, building models, analyzing companies, and trying to make sense of where value meets narrative. My background is in petroleum and gas engineering, but I moved into finance because I’ve always been drawn to how businesses grow, how markets react, and how data tells stories. I focus on tech, infrastructure, and internet services, with a bias for companies that pair strong fundamentals with real potential.I write here to think in public, share investment ideas, and connect with other investors who care about long-term returns, not just short-term noise. If you enjoy thoughtful breakdowns and real conversation around stocks, you’re in the right place. There’ll be charts, jokes, and hopefully, some profitable ideas.Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.