FCN Latest Report

Financial Performance

FTI Consulting (stock code: FCN) recorded a total operating revenue of RMB894,924,000 as of December 31, 2024, a 3.22% decrease from RMB924,684,000 as of December 31, 2023. This data indicates that the company faces challenges in revenue growth, which may affect its profitability and market competitiveness.

Key Financial Data

1. The total operating revenue in 2024 was RMB894,924,000, a 3.22% YoY decrease.

2. Intensified market competition led to sluggish revenue growth.

3. Changes in customer demand and unstable economic environment may affect revenue levels.

4. Key projects did not perform well, possibly failing to meet expected revenue.

5. Macroeconomic slowdown affects customer spending willingness.

Peer Comparison

1. Industry-wide analysis: The consulting industry as a whole faces challenges from market demand fluctuations and intensified competition. Many consulting firms also experienced a slowdown in revenue growth in 2024, especially in the context of increased economic uncertainty, where customers are more cautious about spending.

2. Peer evaluation analysis: FTI Consulting's total operating revenue decreased by a relatively smaller margin YoY, but still showed a trend of sluggish revenue growth. Compared to peers, its performance in market strategy and customer relationship management may not be outstanding, leading to revenue that fails to remain stable or grow.

Summary

The main reasons for FTI Consulting's declining total operating revenue in 2024 include intensified market competition, changes in customer demand, and unsatisfactory project completion. Although the industry as a whole faces similar challenges, FTI Consulting's performance shows a more pronounced trend of revenue growth lagging, which requires effective measures to cope with market changes.

Opportunities

1. Expand transaction services to enhance capabilities in complex transactions and performance improvement.

2. Establish professional practices in new fields (such as healthcare and human services) to meet diversified market demands.

3. Improve operational efficiency through internal management and cost control measures.

Risks

1. Intensified competition may further compress profit margins.

2. Unstable customer demand may lead to continuous revenue decline.

3. Project execution falling short of expectations affects future revenue and profitability.