CRAI
CRA INTERNATIONAL, INC.
Next earnings Jul 29, 2026 · consensus $2.19 EPS, $203M rev
Last earnings -8.9% on 2026-05-07
$146.14
▲ +2.22%$146.14▼ -19.03%
over 1Y
L $137.21EODHDH $221.72
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today+2.2%
1W+4.2%
1M+0.6%
3M-4.2%
YTD-26.6%
1Y-19.0%
Buy
Conviction
Horizon
Medium (3–12mo)
12-mo target
$•••
Street · 8 analysts
Buy
Quality consulting compounder at 17.8x P/E with EPS +20.8% and 25.6% ROE — buyable, but OCF collapse warrants watching.
Revenue $752M · FY2026
The read
Quality fundamentals and an attractive price line up (~75% below fair value) — the rarer case where both the business and the entry look good.
CRAI is firing on the operating cylinders that matter for a time-and-materials consultancy. Utilization climbed to 77% in fiscal 2025 from 70% two years earlier (MD&A), and that operating leverage shows up cleanly in the P&L: revenue +9.3% to $752M drove net income +17.4% to $54.8M and diluted EPS +20.8% to $8.14, the latter boosted by a 3.3% share-count reduction from $47.1M of buybacks. Five-year revenue went from $508M to $752M with net income more than doubling — that's a durable, profitable growth record, not a one-quarter print. ROE of 25.6% is excellent for an asset-light services firm.
Financials · annual, by fiscal year
| Line item | FY21 | FY22 | FY23 | FY24 | FY26 |
|---|---|---|---|---|---|
| Revenue | $508M | $591M | $624M | $687M | $752M |
| Gross profit | — | — | — | — | — |
| Operating income | $34.8M | $58.7M | $57.5M | $70.8M | $83.1M |
| Net income | $24.5M | $43.6M | $38.5M | $46.7M | $54.8M |
| Diluted EPS | $3.07 | $5.91 | $5.39 | $6.74 | $8.14 |
| Net margin | 4.8% | 7.4% | 6.2% | 6.8% | 7.3% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value$941M
EV / EBITDA9.7
EV / Sales1.3
EV / FCF50.7
P / FCF51.7
PEG (trailing)1.03
Earnings yield5.7%
FCF yield1.9%
Quality & risk
ROIC (est.)30.7%
Free cash flow$18.6M
Total debt—
Net cash$18.2M
Piotroski F-Score4/8
Capital returns
Buyback yield4.9%
Dividend yield (est.)1.4%
Shareholder yield6.4%
Shares Δ YoY-3.3%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsRecent disclosure tone has been improving.
- 8-K Earnings results2026-05-07
Q1 FY26 detail confirms 77% utilization carry-over; $34M revolver, FX exposure noted
- 10-Q Quarterly report2026-05-07
Q1 FY26 detail confirms 77% utilization carry-over; $34M revolver, FX exposure noted
- DEF 14A Proxy statement2026-04-24
FY26 proxy: routine director slate, say-on-pay, auditor ratification
- 8-K Officer / director change2026-04-02
Executive officer change announced (Item 5.02); no financial guidance impact
- 8-K Earnings results2026-02-26
FY25 10-K: rev $752M, NI $54.8M, ROE 25.6%, $47M buybacks, utilization rose to 77%
- 10-K Annual report2026-02-26
FY25 10-K: rev $752M, NI $54.8M, ROE 25.6%, $47M buybacks, utilization rose to 77%
- 8-K Earnings results2025-10-30
Q3 FY25 detail; consultants productivity and international mix at ~20% revenue
- 10-Q Quarterly report2025-10-30
Q3 FY25 detail; consultants productivity and international mix at ~20% revenue
- 8-K Earnings results2025-07-31
Q2 FY25 detail; healthy billable hours, fixed-price engagements progressing
Recent filings
all on EDGAR ↗4Period ending 2026-06-122026-06-16open ↗4Period ending 2026-06-122026-06-16open ↗4Period ending 2026-06-122026-06-16open ↗4Period ending 2026-06-122026-06-16open ↗4Period ending 2026-06-122026-06-16open ↗4Period ending 2026-06-032026-06-05open ↗144Filing2026-06-03open ↗ARSPeriod ending 2026-01-032026-05-29open ↗4Period ending 2026-05-202026-05-22open ↗4Period ending 2026-05-202026-05-22open ↗4Period ending 2026-05-202026-05-22open ↗4Period ending 2026-05-192026-05-20open ↗
Frequently asked
- Is CRA INTERNATIONAL, INC. (CRAI) a buy?
- CRAI currently carries a Buy rating with 3/5 conviction, derived from its latest SEC filings. Quality consulting compounder at 17.8x P/E with EPS +20.8% and 25.6% ROE — buyable, but OCF collapse warrants watching.
- What is CRAI's fair value?
- A Modified-Graham model based on CRAI's SEC fundamentals estimates a fair value of about $255.81. It is an estimate from reported earnings, not a price target.
- Is CRAI overvalued or undervalued?
- Against a Modified-Graham fair-value estimate, CRAI currently appears undervalued relative to its SEC-grounded earnings power.
- What is CRA INTERNATIONAL, INC.'s quality score?
- CRAI scores 76.96078431372548/100 (grade B+) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0001053706, latest 10-Q filed 2026-05-07) · EODHD · analysis by claude-code · as of 6/25/2026, 2:35:47 PM.
Research and education only — not financial advice. EDGAR is not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities EDGAR rates; see Disclosures. Past performance does not guarantee future results. Do your own research.