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CRA International, Inc.

CRA International, Inc.

NASDAQ•CRAI
CEO: Mr. Paul A. Maleh
Sector: Industrials
Industry: Consulting Services
Listing Date: 1998-04-24
CRA International, Inc., together with its subsidiaries, provides economic, financial, and management consulting services worldwide. It advises clients on economic and financial matters pertaining to litigation and regulatory proceedings; and guides corporations through business strategy and performance-related issues. The company also offers consulting services, including research and analysis, expert testimony, and support in litigation and regulatory proceedings in the areas of finance, accounting, economics, insurance, and forensic accounting and investigations to corporate clients and attorneys. In addition, it offers management consulting services comprising strategy development, performance improvement, corporate strategy and portfolio analysis, estimation of market demand, environmental, social and corporate governance and sustainability strategy and analysis, design and implementation of auction and bidding, new product pricing strategies, survey and market research, valuation of intellectual property and other assets, assessment of competitors' actions, and analysis of new sources of supply. The company serves various industries, including communications and media; consumer, health, and wellness products; energy; entertainment and leisure; financial services; healthcare; life sciences; manufacturing and industries; natural resources; retail and distribution; technology; and transportation. CRA International, Inc. was incorporated in 1965 and is headquartered in Boston, Massachusetts.
Contact Information
200 Clarendon Street, Boston, MA, 02116-5092, United States
617-425-3000
www.crai.com
Market Cap
$1.37B
P/E (TTM)
24.2
32
Dividend Yield
1.0%
52W High
$227.29
52W Low
$152.57
52W Range
76%
Rank15Top 3.1%
6.6
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Strong • 6.6 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025

Financial Dashboard

Q3 2025 Data

Revenue

$185.89M+10.82%
4-Quarter Trend

EPS

$1.75+3.55%
4-Quarter Trend

FCF

$35.90M+25.52%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Revenue Growth Strong YTD Revenues increased 8.5% to $554.6M USD; Q3 revenue grew 10.8% to $185.9M USD.
Net Income Substantial Rise YTD Net Income rose $9.9M USD to $41.6M USD; Diluted EPS reached $6.16 USD.
Strong Liquidity Position Maintained Cash position $22.5M USD; $101.1M USD available under revolving credit facility for operations.
Shareholder Returns Active Repurchased 252,205 shares YTD at average price $186.95 USD; $10.9M USD remains authorized.

Risk Factors

SG&A Expense Pressure SG&A increased 8.0% YTD to $101.3M USD, driven by legal fees and compensation costs.
Cost of Services Rising Costs of services grew 5.8% YTD to $380.4M USD, primarily due to higher employee compensation.
Tax Rate Fluctuations Noted Q3 ETR rose to 29.3% due to deferred tax asset remeasurement and reserve increases.
Legal Contingencies Remain Subject to ordinary course legal actions; management believes outcomes will not materially affect financial position.

Outlook

Future Capital Needs Clear Anticipate funding needs met by operations, cash, and revolving credit; no need to repatriate foreign funds.
Shareholder Payouts Planned Board declared $0.57 per share dividend payable December 2025; share repurchase program remains active.
Business Acquisition Strategy Regularly evaluate consulting firm acquisitions, potentially using cash, stock, or revolving credit facility borrowings.
Accounting Changes Adoption Plan to adopt ASU 2023-09 in FY 2025; expected to impact disclosures, not financial position.

Peer Comparison

Revenue (TTM)

Allegiant Travel CompanyALGT
$2.58B
+3.3%
PROG Holdings, Inc.PRG
$2.51B
+3.7%
ICF International, Inc.ICFI
$1.93B
-3.8%

Gross Margin (Latest Quarter)

PROG Holdings, Inc.PRG
100.0%
+66.2pp
ICF International, Inc.ICFI
37.6%
+0.4pp
Preformed Line Products CompanyPLPC
29.7%
-1.5pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
ICFI$1.79B18.19.9%29.5%
ALGT$1.62B-5.5-27.4%48.4%
GRC$1.38B27.412.9%37.0%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
1.8%
Moderate Growth
4Q Net Income CAGR
-8.5%
Declining Profitability
Cash Flow Stability
75%
Volatile Cash Flow

Research & Insights

Next earnings:Feb 19, 2026
|
EPS:$2.05
|
Revenue:-
Reports
All Years
  • Form 10-Q - Q3 2025

    Period End: Sep 27, 2025|Filed: Oct 30, 2025|
    Revenue: $185.89M+10.8%
    |
    EPS: $1.75+3.5%
    Meet
  • Form 10-Q - Q2 2025

    Period End: Jun 28, 2025|Filed: Jul 31, 2025|
    Revenue: $186.88M+9.0%
    |
    EPS: $1.81+90.5%
    Meet
  • Form 10-Q - Q1 2025

    Period End: Mar 29, 2025|Filed: May 1, 2025|
    Revenue: $181.85M+5.9%
    |
    EPS: $2.65+33.8%
    Beat
  • Form 10-K - FY 2024

    Period End: Dec 28, 2024|Filed: Feb 20, 2025|
    Revenue: $687.41M+10.2%
    |
    EPS: $6.82+24.7%
    Miss
  • Form 10-Q - Q3 2024

    Period End: Sep 28, 2024|Filed: Oct 31, 2024|
    Revenue: $167.75M+13.7%
    |
    EPS: $1.69+37.4%
    Beat
  • Form 10-Q - Q2 2024

    Period End: Jun 29, 2024|Filed: Aug 1, 2024|
    Revenue: $171.44M+5.9%
    |
    EPS: $0.95-30.1%
    Miss
  • Form 10-Q - Q1 2024

    Period End: Mar 30, 2024|Filed: May 2, 2024|
    Revenue: $171.79M+12.4%
    |
    EPS: $1.98+61.0%
    Beat
  • Form 10-K - FY 2023

    Period End: Dec 30, 2023|Filed: Feb 29, 2024|
    Revenue: $623.98M+5.6%
    |
    EPS: $5.47-9.1%
    Beat