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Side-by-side financial comparison of FTI CONSULTING, INC (FCN) and PennyMac Financial Services, Inc. (PFSI). Click either name above to swap in a different company.

FTI CONSULTING, INC is the larger business by last-quarter revenue ($983.3M vs $538.0M, roughly 1.8× PennyMac Financial Services, Inc.). PennyMac Financial Services, Inc. runs the higher net margin — 1752.5% vs 5.9%, a 1746.6% gap on every dollar of revenue. On growth, PennyMac Financial Services, Inc. posted the faster year-over-year revenue change (14.4% vs 9.5%). Over the past eight quarters, PennyMac Financial Services, Inc.'s revenue compounded faster (32.7% CAGR vs 1.8%).

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.

PennyMac Financial Services, Inc. is an American residential mortgage company headquartered in Westlake Village, California. The company's business focuses on the production and servicing of U.S. mortgage loans and the management of investments related to the U.S. mortgage market. Pennymac operates through two subsidiaries: PennyMac Loan Services, LLC and PNMAC Capital Management, LLC. The latter manages the PennyMac Mortgage Investment Trust, a mortgage REIT.

FCN vs PFSI — Head-to-Head

Bigger by revenue
FCN
FCN
1.8× larger
FCN
$983.3M
$538.0M
PFSI
Growing faster (revenue YoY)
PFSI
PFSI
+5.0% gap
PFSI
14.4%
9.5%
FCN
Higher net margin
PFSI
PFSI
1746.6% more per $
PFSI
1752.5%
5.9%
FCN
Faster 2-yr revenue CAGR
PFSI
PFSI
Annualised
PFSI
32.7%
1.8%
FCN

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
FCN
FCN
PFSI
PFSI
Revenue
$983.3M
$538.0M
Net Profit
$57.6M
$106.8M
Gross Margin
Operating Margin
8.5%
25.0%
Net Margin
5.9%
1752.5%
Revenue YoY
9.5%
14.4%
Net Profit YoY
-6.8%
2.2%
EPS (diluted)
$1.90
$1.97

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
PFSI
PFSI
Q1 26
$983.3M
Q4 25
$990.7M
$538.0M
Q3 25
$956.2M
$632.9M
Q2 25
$943.7M
$444.7M
Q1 25
$898.3M
$430.9M
Q4 24
$894.9M
$470.1M
Q3 24
$926.0M
$411.8M
Q2 24
$949.2M
$406.1M
Net Profit
FCN
FCN
PFSI
PFSI
Q1 26
$57.6M
Q4 25
$54.5M
$106.8M
Q3 25
$82.8M
$181.5M
Q2 25
$71.7M
$136.5M
Q1 25
$61.8M
$76.3M
Q4 24
$49.7M
$104.5M
Q3 24
$66.5M
$69.4M
Q2 24
$83.9M
$98.3M
Gross Margin
FCN
FCN
PFSI
PFSI
Q1 26
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%
Operating Margin
FCN
FCN
PFSI
PFSI
Q1 26
8.5%
Q4 25
9.4%
25.0%
Q3 25
12.3%
37.3%
Q2 25
10.5%
17.2%
Q1 25
8.8%
24.2%
Q4 24
5.9%
27.5%
Q3 24
9.8%
22.8%
Q2 24
11.0%
33.0%
Net Margin
FCN
FCN
PFSI
PFSI
Q1 26
5.9%
Q4 25
5.5%
1752.5%
Q3 25
8.7%
28.7%
Q2 25
7.6%
30.7%
Q1 25
6.9%
17.7%
Q4 24
5.6%
2559.8%
Q3 24
7.2%
16.8%
Q2 24
8.8%
24.2%
EPS (diluted)
FCN
FCN
PFSI
PFSI
Q1 26
$1.90
Q4 25
$1.77
$1.97
Q3 25
$2.60
$3.37
Q2 25
$2.13
$2.54
Q1 25
$1.74
$1.42
Q4 24
$1.39
$1.95
Q3 24
$1.85
$1.30
Q2 24
$2.34
$1.85

Balance Sheet & Financial Strength

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

Metric
FCN
FCN
PFSI
PFSI
Cash + ST InvestmentsLiquidity on hand
$198.3M
$410.0M
Total DebtLower is stronger
$6.2B
Stockholders' EquityBook value
$4.3B
Total Assets
$3.5B
$29.4B
Debt / EquityLower = less leverage
1.45×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FCN
FCN
PFSI
PFSI
Q1 26
$198.3M
Q4 25
$265.1M
$410.0M
Q3 25
$146.0M
$62.2M
Q2 25
$152.8M
$462.3M
Q1 25
$151.1M
$443.4M
Q4 24
$660.5M
$420.6M
Q3 24
$386.3M
$667.9M
Q2 24
$226.4M
$188.8M
Total Debt
FCN
FCN
PFSI
PFSI
Q1 26
Q4 25
$6.2B
Q3 25
$6.2B
Q2 25
$5.6B
Q1 25
$5.8B
Q4 24
$0
$5.3B
Q3 24
$4.9B
Q2 24
$60.0M
$4.9B
Stockholders' Equity
FCN
FCN
PFSI
PFSI
Q1 26
Q4 25
$1.7B
$4.3B
Q3 25
$1.7B
$4.2B
Q2 25
$1.9B
$4.0B
Q1 25
$2.1B
$3.9B
Q4 24
$2.3B
$3.8B
Q3 24
$2.3B
$3.7B
Q2 24
$2.1B
$3.7B
Total Assets
FCN
FCN
PFSI
PFSI
Q1 26
$3.5B
Q4 25
$3.5B
$29.4B
Q3 25
$3.5B
$25.4B
Q2 25
$3.5B
$24.2B
Q1 25
$3.3B
$23.9B
Q4 24
$3.6B
$26.1B
Q3 24
$3.5B
$22.9B
Q2 24
$3.4B
$21.6B
Debt / Equity
FCN
FCN
PFSI
PFSI
Q1 26
Q4 25
1.45×
Q3 25
1.48×
Q2 25
1.38×
Q1 25
1.48×
Q4 24
0.00×
1.37×
Q3 24
1.32×
Q2 24
0.03×
1.35×

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
PFSI
PFSI
Operating Cash FlowLast quarter
$-310.0M
$-1.7B
Free Cash FlowOCF − Capex
$-1.7B
FCF MarginFCF / Revenue
-309.3%
Capex IntensityCapex / Revenue
2.2%
Cash ConversionOCF / Net Profit
-5.38×
-15.46×
TTM Free Cash FlowTrailing 4 quarters
$-1.4B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FCN
FCN
PFSI
PFSI
Q1 26
$-310.0M
Q4 25
$359.8M
$-1.7B
Q3 25
$201.9M
$-697.4M
Q2 25
$55.7M
$-131.3M
Q1 25
$-465.2M
$1.1B
Q4 24
$315.3M
$-4.5B
Q3 24
$219.4M
$-393.7M
Q2 24
$135.2M
$-1.1B
Free Cash Flow
FCN
FCN
PFSI
PFSI
Q1 26
Q4 25
$351.4M
$-1.7B
Q3 25
$187.0M
$-699.4M
Q2 25
$38.3M
$-132.6M
Q1 25
$-483.0M
$1.1B
Q4 24
$301.6M
$-4.5B
Q3 24
$212.3M
$-393.9M
Q2 24
$125.2M
$-1.1B
FCF Margin
FCN
FCN
PFSI
PFSI
Q1 26
Q4 25
35.5%
-309.3%
Q3 25
19.6%
-110.5%
Q2 25
4.1%
-29.8%
Q1 25
-53.8%
247.3%
Q4 24
33.7%
-964.7%
Q3 24
22.9%
-95.6%
Q2 24
13.2%
-269.2%
Capex Intensity
FCN
FCN
PFSI
PFSI
Q1 26
Q4 25
0.8%
2.2%
Q3 25
1.6%
0.3%
Q2 25
1.8%
0.3%
Q1 25
2.0%
0.1%
Q4 24
1.5%
0.4%
Q3 24
0.8%
0.0%
Q2 24
1.1%
0.1%
Cash Conversion
FCN
FCN
PFSI
PFSI
Q1 26
-5.38×
Q4 25
6.60×
-15.46×
Q3 25
2.44×
-3.84×
Q2 25
0.78×
-0.96×
Q1 25
-7.52×
13.97×
Q4 24
6.34×
-43.39×
Q3 24
3.30×
-5.68×
Q2 24
1.61×
-11.12×

Financial Flow Comparison

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

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