FTI Consulting vs UL Solutions
FTI Consulting reported revenue of $3.8 billion in fiscal 2025, 1.2 times UL Solutions' $3.1 billion in fiscal 2025. FTI Consulting's revenue grew 2.4% in its latest year, and UL Solutions' grew 6.4%. FTI Consulting had an operating margin of 10.3%, against 17.1% at UL Solutions. Free cash flow was $94 million at FTI Consulting and $403 million at UL Solutions.
Side by side
| FTI Consulting | UL Solutions | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $3.8B | $3.1B |
| Revenue growth | 2.4% | 6.4% |
| Revenue growth a year, last 5 years | 9.0% | — |
| Gross margin | 32.1% | 49.5% |
| Operating margin | 10.3% | 17.1% |
| Net margin | 7.2% | 10.7% |
| Free cash flow | $94M | $403M |
| Free cash flow margin | 2.5% | 13.2% |
| Return on capital | 16.6% | 26.8% |
| Net debt to EBITDA | 0.2x | 0.3x |
| Dividends and buybacks | $859M | $104M |
| Change in diluted share count | −8.3% | 1.0% |
| Last close | $161.40 | $72.96 |
| P/E at the last close | 19.4× | 29.4× |
| Insider trades, last 12 months | bought $2.1 million, sold $1.6 million | bought $2,958, sold $1.1 billion |
| Piotroski F-score | 4 of 9 | 7 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
FTI ConsultingUL Solutions
Operating margin
Percent of revenue
FTI ConsultingUL Solutions
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
FTI ConsultingUL Solutions
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the FTI Consulting and UL Solutions pages.