NASDAQ : CRAI
CRA International, Inc. — Financial statements
Industrials · Consulting Services · United States
Last price 196.08 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 1.23B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
CRA International, Inc. (CRAI) reported revenue of 794.64M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year February - January; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 794.64M | 751.58M | 687.41M | 623.98M | 590.90M | 565.93M |
| Cost of Revenue | 564.15M | 519.29M | 479.94M | 439.75M | 410.08M | 400.05M |
| Gross Profit | 230.49M | 232.29M | 207.48M | 184.22M | 180.82M | 165.88M |
| Selling, General & Admin | 137.20M | 135.03M | 125.05M | 115.12M | 110.09M | 97.37M |
| Operating Expenses | 151.07M | 149.17M | 136.73M | 126.68M | 122.08M | 110.14M |
| Operating Income | 79.42M | 83.12M | 70.75M | 57.55M | 58.74M | 55.74M |
| Interest Expense | -7.10M | -5.36M | -4.42M | -3.81M | -1.83M | -970.00K |
| Currency Exchange Gain (Loss) | 9.00K | -1.19M | -92.00K | -1.45M | 1.89M | -494.00K |
| EBT Excluding Unusual Items | 72.33M | 76.57M | 66.24M | 52.29M | 58.80M | 54.27M |
| Pretax Income | 72.33M | 76.57M | 66.24M | 52.29M | 58.80M | 54.27M |
| Income Tax Expense | 23.03M | 21.79M | 19.59M | 13.81M | 15.18M | 12.60M |
| Earnings From Continuing Operations | 49.30M | 54.78M | 46.65M | 38.48M | 43.62M | 41.68M |
| Net Income | 49.30M | 54.78M | 46.65M | 38.48M | 43.62M | 41.68M |
| Preferred Dividends & Other Adjustments | 101.00K | 101.00K | 127.00K | 136.00K | 167.00K | 175.00K |
| Net Income to Common | 49.20M | 54.68M | 46.53M | 38.34M | 43.45M | 41.50M |
| Shares Outstanding (Basic) | 6.49M | 6.64M | 6.82M | 7.01M | 7.22M | 7.42M |
| Shares Outstanding (Diluted) | 6.56M | 6.71M | 6.91M | 7.12M | 7.36M | 7.62M |
| EPS (Basic) | 7.58 | 8.23 | 6.82 | 5.47 | 6.02 | 5.59 |
| EPS (Diluted) | 7.50 | 8.14 | 6.74 | 5.39 | 5.91 | 5.45 |
| Free Cash Flow | -27.75M | 18.56M | 33.11M | 57.71M | 21.31M | 73.08M |
| Free Cash Flow Per Share | -4.23 | 2.76 | 4.79 | 8.11 | 2.90 | 9.59 |
| Dividend Per Share | 2.20 | 2.04 | 1.75 | 1.50 | 1.29 | 1.09 |
| Gross Margin | 29.00% | 30.91% | 30.18% | 29.52% | 30.60% | 29.31% |
| Operating Margin | 9.99% | 11.06% | 10.29% | 9.22% | 9.94% | 9.85% |
| Profit Margin | 6.19% | 7.27% | 6.77% | 6.14% | 7.35% | 7.33% |
| Free Cash Flow Margin | -3.49% | 2.47% | 4.82% | 9.25% | 3.61% | 12.91% |
| EBITDA | 93.29M | 97.26M | 82.43M | 69.11M | 70.73M | 68.51M |
| EBITDA Margin | 11.74% | 12.94% | 11.99% | 11.08% | 11.97% | 12.11% |
| D&A For EBITDA | 13.87M | 14.14M | 11.68M | 11.56M | 12.00M | 12.77M |
| EBIT | 79.42M | 83.12M | 70.75M | 57.55M | 58.74M | 55.74M |
| EBIT Margin | 9.99% | 11.06% | 10.29% | 9.22% | 9.94% | 9.85% |
| Effective Tax Rate | 31.85% | 28.46% | 29.57% | 26.41% | 25.82% | 23.21% |
Balance sheet
Fiscal year February - January; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 21.44M | 18.21M | 26.71M | 45.59M | 31.45M | 66.13M |
| Cash & Short-Term Investments | 21.44M | 18.21M | 26.71M | 45.59M | 31.45M | 66.13M |
| Accounts Receivable | 271.70M | 248.86M | 219.55M | 199.56M | 194.99M | 162.06M |
| Receivables | 293.96M | 265.59M | 226.08M | 208.31M | 204.65M | 172.63M |
| Prepaid Expenses | 23.57M | 19.13M | 16.37M | 11.38M | 12.56M | 10.59M |
| Other Current Assets | 200.00K | 200.00K | 200.00K | 200.00K | ||
| Total Current Assets | 338.98M | 303.13M | 269.36M | 265.48M | 248.86M | 249.35M |
| Property, Plant & Equipment | 104.29M | 112.84M | 126.36M | 125.06M | 142.31M | 164.09M |
| Goodwill | 94.58M | 94.72M | 93.74M | 93.99M | 92.92M | 88.94M |
| Other Intangible Assets | 4.92M | 5.69M | 7.22M | 7.20M | 8.59M | 4.18M |
| Long-Term Deferred Tax Assets | 15.02M | 17.96M | 16.65M | 13.88M | 9.16M | 9.32M |
| Long-Term Deferred Charges | 100.00K | 400.00K | 600.00K | 700.00K | ||
| Other Long-Term Assets | 1.36M | 4.17M | 8.76M | 1.82M | 1.59M | 1.47M |
| Total Assets | 678.48M | 628.87M | 571.44M | 553.21M | 550.92M | 555.36M |
| Accounts Payable | 25.22M | 30.18M | 28.16M | 28.70M | 27.58M | 23.51M |
| Accrued Expenses | 144.24M | 234.28M | 190.33M | 178.62M | 161.55M | 162.42M |
| Short-Term Debt | 219.00M | 34.00M | ||||
| Current Portion of Leases | 17.70M | 17.22M | 18.70M | 16.48M | 15.97M | 14.34M |
| Current Unearned Revenue | 9.06M | 14.35M | 14.13M | 12.29M | 12.02M | 12.82M |
| Total Current Liabilities | 415.21M | 330.03M | 251.31M | 236.09M | 217.12M | 213.09M |
| Long-Term Leases | 66.96M | 76.01M | 84.54M | 92.28M | 106.01M | 124.46M |
| Long-Term Deferred Tax Liabilities | 915.00K | 725.00K | 1.19M | 1.06M | 953.00K | 1.03M |
| Other Long-Term Liabilities | 13.55M | 8.51M | 22.33M | 11.68M | 15.68M | 10.95M |
| Total Liabilities | 496.63M | 415.27M | 359.37M | 341.11M | 339.76M | 349.53M |
| Common Stock | 426.00K | 2.48M | 1.66M | 1.74M | ||
| Retained Earnings | 192.24M | 221.06M | 225.46M | 224.28M | 224.39M | 215.78M |
| Comprehensive Income & Other | -10.82M | -9.94M | -15.05M | -12.18M | -14.98M | -9.95M |
| Total Common Equity | 181.85M | 213.60M | 212.07M | 212.10M | 211.15M | 205.83M |
| Shareholders' Equity | 181.85M | 213.60M | 212.07M | 212.10M | 211.15M | 205.83M |
| Total Liabilities & Equity | 678.48M | 628.87M | 571.44M | 553.21M | 550.92M | 555.36M |
| Total Debt | 303.65M | 127.23M | 103.24M | 108.75M | 121.98M | 138.80M |
| Net Cash (Debt) | -282.21M | -109.02M | -76.53M | -63.17M | -90.53M | -72.67M |
| Net Cash Per Share | -43.02 | -16.24 | -11.08 | -8.87 | -12.31 | -9.54 |
| Filing Date Shares Outstanding | 6.28M | 6.57M | 6.79M | 6.96M | 7.18M | 7.40M |
| Total Common Shares Outstanding | 6.26M | 6.55M | 6.77M | 6.93M | 7.15M | 7.36M |
| Working Capital | -76.23M | -26.90M | 18.05M | 29.39M | 31.73M | 36.26M |
| Book Value Per Share | 29.07 | 32.62 | 31.33 | 30.59 | 29.53 | 27.96 |
| Tangible Book Value | 82.34M | 113.19M | 111.12M | 110.92M | 109.64M | 112.72M |
| Tangible Book Value Per Share | 13.16 | 17.29 | 16.42 | 16.00 | 15.34 | 15.31 |
| Machinery | 54.53M | 53.80M | 47.36M | 46.14M | 44.76M | |
| Leasehold Improvements | 66.09M | 65.64M | 61.65M | 61.22M | 62.07M |
Cash flow statement
Fiscal year February - January; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 49.30M | 54.78M | 46.65M | 38.48M | 43.62M | 41.68M |
| Depreciation & Amortization | 28.90M | 29.51M | 26.82M | 25.84M | 25.75M | 25.78M |
| Stock-Based Compensation | 7.29M | 5.87M | 5.29M | 4.40M | 4.77M | 4.09M |
| Provision & Write-off of Bad Debts | 66.00K | 746.00K | 534.00K | 533.00K | -345.00K | 27.00K |
| Other Operating Activities | 1.98M | -1.15M | -3.33M | -4.57M | 311.00K | 152.00K |
| Change in Accounts Receivable | -37.94M | -25.67M | -22.20M | -2.86M | -30.31M | -10.45M |
| Change in Accounts Payable | 18.22M | 15.91M | 23.16M | 4.01M | 2.25M | 14.88M |
| Change in Other Net Operating Assets | -89.57M | -57.57M | -27.20M | -5.75M | -20.93M | -448.00K |
| Operating Cash Flow | -21.75M | 22.42M | 49.73M | 60.07M | 25.12M | 75.70M |
| Capital Expenditures | -6.00M | -3.87M | -16.62M | -2.37M | -3.81M | -2.62M |
| Cash Acquisitions | -1.50M | -577.00K | -14.35M | |||
| Investing Cash Flow | -6.00M | -3.87M | -18.12M | -2.94M | -18.16M | -2.62M |
| Short-Term Debt Issued | 132.00M | 102.00M | 105.00M | 126.00M | 74.00M | |
| Total Debt Issued | 257.50M | 132.00M | 102.00M | 105.00M | 126.00M | 74.00M |
| Short-Term Debt Repaid | -98.00M | -102.00M | -105.00M | -126.00M | -74.00M | |
| Total Debt Repaid | -158.50M | -98.00M | -102.00M | -105.00M | -126.00M | -74.00M |
| Net Debt Issued (Repaid) | 99.00M | 34.00M | ||||
| Issuance of Common Stock | 805.00K | 1.41M | 5.16M | |||
| Repurchase of Common Stock | -55.49M | -50.01M | -36.56M | -34.48M | -29.77M | -46.50M |
| Common Dividends Paid | -14.41M | -13.83M | -12.30M | -10.81M | -9.58M | -8.29M |
| Other Financing Activities | -1.01M | -2.36M | ||||
| Financing Cash Flow | 29.10M | -29.84M | -48.86M | -44.48M | -38.95M | -51.99M |
| Foreign Exchange Rate Adjustments | 642.00K | 2.79M | -1.63M | 1.49M | -2.69M | -629.00K |
| Net Cash Flow | 1.99M | -8.50M | -18.88M | 14.14M | -34.68M | 20.45M |
| Free Cash Flow | -27.75M | 18.56M | 33.11M | 57.71M | 21.31M | 73.08M |
| Free Cash Flow Margin | -3.49% | 2.47% | 4.82% | 9.25% | 3.61% | 12.91% |
| Free Cash Flow Per Share | -4.23 | 2.76 | 4.79 | 8.11 | 2.90 | 9.59 |
| Levered Free Cash Flow | 31.43M | 84.04M | 47.19M | 77.44M | 30.49M | 64.72M |
| Unlevered Free Cash Flow | 35.87M | 87.39M | 49.95M | 79.82M | 31.63M | 65.33M |
| Cash Interest Paid | 6.05M | 4.66M | 4.14M | 3.54M | 1.58M | 727.00K |
| Cash Income Tax Paid | 21.83M | 26.47M | 21.44M | 13.89M | 15.65M | 14.95M |
| Change in Working Capital | -109.29M | -67.33M | -26.23M | -4.61M | -48.99M | 3.98M |
Ratios
Fiscal year February - January; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.23B | 1.32B | 1.27B | 692.12M | 873.52M | 693.39M |
| Enterprise Value | 1.51B | 1.49B | 1.41B | 808.11M | 1.02B | 822.48M |
| Last Close Price | 196.08 | 198.45 | 182.88 | 95.74 | 116.85 | 87.90 |
| PE Ratio | 26.15 | 24.06 | 27.23 | 18.05 | 20.10 | 16.71 |
| Forward PE | 21.69 | 22.94 | 25.78 | 17.58 | 20.46 | 19.51 |
| PS Ratio | 1.55 | 1.75 | 1.84 | 1.11 | 1.48 | 1.23 |
| PB Ratio | 6.75 | 6.16 | 5.97 | 3.26 | 4.14 | 3.37 |
| P/TBV Ratio | 14.95 | 11.62 | 11.40 | 6.24 | 7.97 | 6.15 |
| P/FCF Ratio | 70.91 | 38.26 | 11.99 | 40.99 | 9.49 | |
| P/OCF Ratio | 58.68 | 25.47 | 11.52 | 34.77 | 9.16 | |
| PEG Ratio | 1.36 | 1.43 | 1.61 | 1.10 | 1.44 | 1.37 |
| EV/Sales Ratio | 1.90 | 1.98 | 2.05 | 1.29 | 1.72 | 1.45 |
| EV/EBITDA Ratio | 16.22 | 15.30 | 17.11 | 11.69 | 14.40 | 12.01 |
| EV/EBIT Ratio | 19.05 | 17.90 | 19.93 | 14.04 | 17.35 | 14.76 |
| EV/FCF Ratio | 80.17 | 42.59 | 14.00 | 47.81 | 11.26 | |
| Debt / Equity Ratio | 1.67 | 0.60 | 0.49 | 0.51 | 0.58 | 0.67 |
| Debt / EBITDA Ratio | 2.46 | 1.01 | 0.94 | 1.14 | 1.28 | 1.50 |
| Debt / FCF Ratio | 6.86 | 3.12 | 1.89 | 5.72 | 1.90 | |
| Net Debt / Equity Ratio | 1.55 | 0.51 | 0.36 | 0.30 | 0.43 | 0.35 |
| Net Debt / EBITDA Ratio | 3.02 | 1.12 | 0.93 | 0.91 | 1.28 | 1.06 |
| Net Debt / FCF Ratio | -10.17 | 5.88 | 2.31 | 1.09 | 4.25 | 0.99 |
| Asset Turnover | 1.24 | 1.25 | 1.22 | 1.13 | 1.07 | 1.02 |
| Quick Ratio | 0.71 | 0.81 | 0.98 | 1.04 | 1.04 | 1.07 |
| Current Ratio | 0.82 | 0.92 | 1.07 | 1.12 | 1.15 | 1.17 |
| Return on Equity (ROE) | 26.02% | 25.74% | 22.00% | 18.18% | 20.92% | 20.09% |
| Return on Assets (ROA) | 7.72% | 8.66% | 7.86% | 6.51% | 6.64% | 6.25% |
| Return on Invested Capital (ROIC) | 11.90% | 19.46% | 17.67% | 14.68% | 15.02% | 14.39% |
| Return on Capital Employed (ROCE) | 30.20% | 27.80% | 22.10% | 18.10% | 17.60% | 16.30% |
| Earnings Yield | 3.82% | 4.16% | 3.68% | 5.56% | 4.99% | 6.01% |
| FCF Yield | -2.25% | 1.41% | 2.61% | 8.34% | 2.44% | 10.54% |
| Dividend Yield | 1.16% | 1.01% | 0.94% | 1.50% | 1.06% | 1.16% |
| Payout Ratio | 30.40% | 25.25% | 26.36% | 28.08% | 21.96% | 19.89% |
| Buyback Yield / Dilution | 3.98% | 2.81% | 2.95% | 3.22% | 3.49% | 4.11% |
| Total Shareholder Return | 5.14% | 3.82% | 3.89% | 4.72% | 4.55% | 5.27% |