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Side-by-side financial comparison of FTI CONSULTING, INC (FCN) and MDU RESOURCES GROUP INC (MDU). Click either name above to swap in a different company.

FTI CONSULTING, INC is the larger business by last-quarter revenue ($990.7M vs $522.6M, roughly 1.9× MDU RESOURCES GROUP INC). MDU RESOURCES GROUP INC runs the higher net margin — 14.6% vs 5.5%, a 9.1% gap on every dollar of revenue. On growth, FTI CONSULTING, INC posted the faster year-over-year revenue change (10.7% vs -1.6%). FTI CONSULTING, INC produced more free cash flow last quarter ($351.4M vs $-336.0M). Over the past eight quarters, FTI CONSULTING, INC's revenue compounded faster (3.3% CAGR vs -5.7%).

FTI Consulting is a business consultancy firm founded in 1982 and headquartered in Washington, D.C., United States. The company specializes in corporate finance and restructuring, economic consulting, forensic and litigation consulting, strategic communications, technology and strategy consulting. FTI Consulting employs more than 7,700 staff in 31 countries and is one of the largest financial consulting firms worldwide.

MDU Resources Group, Inc. is a U.S.-based corporation supplying products and services to regulated energy delivery and utilities related construction materials and services businesses. It is headquartered in Bismarck, North Dakota, and operates in 48 states.

FCN vs MDU — Head-to-Head

Bigger by revenue
FCN
FCN
1.9× larger
FCN
$990.7M
$522.6M
MDU
Growing faster (revenue YoY)
FCN
FCN
+12.3% gap
FCN
10.7%
-1.6%
MDU
Higher net margin
MDU
MDU
9.1% more per $
MDU
14.6%
5.5%
FCN
More free cash flow
FCN
FCN
$687.4M more FCF
FCN
$351.4M
$-336.0M
MDU
Faster 2-yr revenue CAGR
FCN
FCN
Annualised
FCN
3.3%
-5.7%
MDU

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FCN
FCN
MDU
MDU
Revenue
$990.7M
$522.6M
Net Profit
$54.5M
$76.3M
Gross Margin
31.1%
Operating Margin
9.4%
20.5%
Net Margin
5.5%
14.6%
Revenue YoY
10.7%
-1.6%
Net Profit YoY
9.7%
38.4%
EPS (diluted)
$1.77
$0.37

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
FCN
FCN
MDU
MDU
Q4 25
$990.7M
$522.6M
Q3 25
$956.2M
$313.6M
Q2 25
$943.7M
$348.7M
Q1 25
$898.3M
$678.0M
Q4 24
$894.9M
$531.0M
Q3 24
$926.0M
$290.7M
Q2 24
$949.2M
$343.1M
Q1 24
$928.6M
$588.2M
Net Profit
FCN
FCN
MDU
MDU
Q4 25
$54.5M
$76.3M
Q3 25
$82.8M
$18.3M
Q2 25
$71.7M
$13.8M
Q1 25
$61.8M
$82.0M
Q4 24
$49.7M
$55.2M
Q3 24
$66.5M
$64.6M
Q2 24
$83.9M
$60.4M
Q1 24
$80.0M
$100.9M
Gross Margin
FCN
FCN
MDU
MDU
Q4 25
31.1%
Q3 25
33.3%
Q2 25
32.1%
Q1 25
32.2%
Q4 24
30.2%
Q3 24
32.2%
Q2 24
32.8%
Q1 24
32.6%
Operating Margin
FCN
FCN
MDU
MDU
Q4 25
9.4%
20.5%
Q3 25
12.3%
12.7%
Q2 25
10.5%
8.7%
Q1 25
8.8%
16.6%
Q4 24
5.9%
17.8%
Q3 24
9.8%
12.0%
Q2 24
11.0%
11.5%
Q1 24
10.7%
16.4%
Net Margin
FCN
FCN
MDU
MDU
Q4 25
5.5%
14.6%
Q3 25
8.7%
5.8%
Q2 25
7.6%
4.0%
Q1 25
6.9%
12.1%
Q4 24
5.6%
10.4%
Q3 24
7.2%
22.2%
Q2 24
8.8%
17.6%
Q1 24
8.6%
17.2%
EPS (diluted)
FCN
FCN
MDU
MDU
Q4 25
$1.77
$0.37
Q3 25
$2.60
$0.09
Q2 25
$2.13
$0.07
Q1 25
$1.74
$0.40
Q4 24
$1.39
$0.26
Q3 24
$1.85
$0.32
Q2 24
$2.34
$0.30
Q1 24
$2.23
$0.49

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
FCN
FCN
MDU
MDU
Cash + ST InvestmentsLiquidity on hand
$265.1M
$28.2M
Total DebtLower is stronger
$2.7B
Stockholders' EquityBook value
$1.7B
$2.8B
Total Assets
$3.5B
$7.6B
Debt / EquityLower = less leverage
0.97×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FCN
FCN
MDU
MDU
Q4 25
$265.1M
$28.2M
Q3 25
$146.0M
$75.9M
Q2 25
$152.8M
$58.8M
Q1 25
$151.1M
$59.5M
Q4 24
$660.5M
$66.9M
Q3 24
$386.3M
$88.3M
Q2 24
$226.4M
$78.8M
Q1 24
$244.0M
$72.7M
Total Debt
FCN
FCN
MDU
MDU
Q4 25
$2.7B
Q3 25
$2.4B
Q2 25
$2.2B
Q1 25
$2.2B
Q4 24
$0
$2.3B
Q3 24
$2.3B
Q2 24
$60.0M
$2.3B
Q1 24
$205.0M
$2.3B
Stockholders' Equity
FCN
FCN
MDU
MDU
Q4 25
$1.7B
$2.8B
Q3 25
$1.7B
$2.7B
Q2 25
$1.9B
$2.7B
Q1 25
$2.1B
$2.7B
Q4 24
$2.3B
$2.7B
Q3 24
$2.3B
$3.1B
Q2 24
$2.1B
$3.0B
Q1 24
$2.1B
$3.0B
Total Assets
FCN
FCN
MDU
MDU
Q4 25
$3.5B
$7.6B
Q3 25
$3.5B
$7.2B
Q2 25
$3.5B
$6.9B
Q1 25
$3.3B
$7.0B
Q4 24
$3.6B
$7.0B
Q3 24
$3.5B
$8.2B
Q2 24
$3.4B
$8.0B
Q1 24
$3.3B
$7.8B
Debt / Equity
FCN
FCN
MDU
MDU
Q4 25
0.97×
Q3 25
0.86×
Q2 25
0.80×
Q1 25
0.80×
Q4 24
0.00×
0.85×
Q3 24
0.76×
Q2 24
0.03×
0.75×
Q1 24
0.10×
0.76×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
FCN
FCN
MDU
MDU
Operating Cash FlowLast quarter
$359.8M
$80.6M
Free Cash FlowOCF − Capex
$351.4M
$-336.0M
FCF MarginFCF / Revenue
35.5%
-64.3%
Capex IntensityCapex / Revenue
0.8%
79.7%
Cash ConversionOCF / Net Profit
6.60×
1.06×
TTM Free Cash FlowTrailing 4 quarters
$93.6M
$-297.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FCN
FCN
MDU
MDU
Q4 25
$359.8M
$80.6M
Q3 25
$201.9M
$57.9M
Q2 25
$55.7M
$117.4M
Q1 25
$-465.2M
$217.5M
Q4 24
$315.3M
$60.5M
Q3 24
$219.4M
$140.2M
Q2 24
$135.2M
$136.5M
Q1 24
$-274.8M
$165.1M
Free Cash Flow
FCN
FCN
MDU
MDU
Q4 25
$351.4M
$-336.0M
Q3 25
$187.0M
$-121.9M
Q2 25
$38.3M
$36.5M
Q1 25
$-483.0M
$124.4M
Q4 24
$301.6M
$-95.8M
Q3 24
$212.3M
$673.0K
Q2 24
$125.2M
$26.5M
Q1 24
$-279.5M
$48.1M
FCF Margin
FCN
FCN
MDU
MDU
Q4 25
35.5%
-64.3%
Q3 25
19.6%
-38.9%
Q2 25
4.1%
10.5%
Q1 25
-53.8%
18.4%
Q4 24
33.7%
-18.0%
Q3 24
22.9%
0.2%
Q2 24
13.2%
7.7%
Q1 24
-30.1%
8.2%
Capex Intensity
FCN
FCN
MDU
MDU
Q4 25
0.8%
79.7%
Q3 25
1.6%
57.3%
Q2 25
1.8%
23.2%
Q1 25
2.0%
13.7%
Q4 24
1.5%
29.4%
Q3 24
0.8%
48.0%
Q2 24
1.1%
32.0%
Q1 24
0.5%
19.9%
Cash Conversion
FCN
FCN
MDU
MDU
Q4 25
6.60×
1.06×
Q3 25
2.44×
3.16×
Q2 25
0.78×
8.52×
Q1 25
-7.52×
2.65×
Q4 24
6.34×
1.10×
Q3 24
3.30×
2.17×
Q2 24
1.61×
2.26×
Q1 24
-3.44×
1.64×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

FCN
FCN

Corporate Finance Segment$423.2M43%
Forensic And Litigation Consulting$192.9M19%
Economic Consulting$176.2M18%
Strategic Communications$99.4M10%
Other$99.0M10%

MDU
MDU

Natural Gas Distribution$382.8M73%
Commercial Utility Sales$42.7M8%
Residential Utility Sales$33.7M6%
Pipelineand Midstream$31.1M6%
Natural Gas Transportation$17.2M3%
Industrial Utility Sales$10.1M2%
Natural Gas Storage$6.4M1%
Other Utility Sales$1.9M0%

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