In Q2 2026, FTI Consulting reported a 5.3% revenue increase driven by its Corporate Finance, Technology, and Forensic & Litigation Consulting segments, reflecting sustained demand for specialized advisory services amid a complex economic environment. However, net income declined 19.4% primarily due to higher direct expenses, increased SG&A, and elevated interest costs linked to nearly $1 billion in debt as of mid-2026. The company’s diversified consulting model with its fee-based billing and recurring contracts provides resilience against cyclical volatility but margin compression highlights cost pressures and competitive challenges. Liquidity remains healthy with a current ratio above 2.0, supported by robust operating cash flow generation despite net debt of approximately $856 million. Key near-term watchpoints include managing rising expenses while sustaining utilization rates and securing high-value client engagements across segments.