12 Best Consulting Stocks to Buy According to Hedge Funds

7. FTI Consulting, Inc. (NYSE:FCN)

Number of Hedge Fund Investors: 25

FTI Consulting, Inc. (NYSE:FCN) generates revenue by offering professional business consultancy services to clients. The company operates in five segments: corporate finance, forensic and litigation consulting, economic consultancy, technology, and strategic communications. The majority of the company’s revenue comes from the Corporate finance area. Customers of the company come from a variety of industries, including construction, energy and power, environmental, financial institutions, healthcare and life science, insurance, real estate and infrastructure, retail and consumer products, telecom, media, and technology. The majority of the firm’s revenue comes from serving customers in the United States.

FTI Consulting, Inc. (NYSE:FCN)’s revenues climbed 6% to $3.7 billion in 2024 from $3.49 billion in 2023, marking the tenth consecutive year of exceptional growth. The company had a strong first half, with revenues climbing 12% and EPS rising 48% YoY. Despite market headwinds, net income jumped to $280.1 million from $274.9 million, backed by a lower tax rate and FX remeasurement gains. Furthermore, free cash flow more than doubled to $360.2 million from $174.9 million, showing significant financial strength and making it among the Best Consulting Stocks.

FTI Consulting, Inc. (NYSE:FCN) stated on March 25 that its technology unit has added additional capabilities to the IQ.AI by FTI Technology suite of AI solutions, which will assist clients with investigations, antitrust, data breaches, and legal challenges. The new capabilities include IQ.AI for Review, which provides cost savings and faster turnaround times throughout the document review lifecycle. It is intended to expedite first-level review operations and optimize privilege classification regardless of complex document formats and data types.