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Side-by-side financial comparison of FTI CONSULTING, INC (FCN) and THOMSON REUTERS CORP (TRI). Click either name above to swap in a different company.

THOMSON REUTERS CORP is the larger business by last-quarter revenue ($1.8B vs $990.7M, roughly 1.8× FTI CONSULTING, INC). THOMSON REUTERS CORP runs the higher net margin — 17.5% vs 5.5%, a 12.0% gap on every dollar of revenue. On growth, FTI CONSULTING, INC posted the faster year-over-year revenue change (10.7% vs 2.6%).

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.

The second and current incarnation of News Corporation, doing business as News Corp, is an American mass media and publishing company headquartered at 1211 Avenue of the Americas in Midtown Manhattan, New York City. The company was formed on June 28, 2013, as a spin-off of the first News Corporation, whose legal successor was 21st Century Fox, which held its media and entertainment assets. Operating across digital real estate information, news media, book publishing, and cable television, New...

FCN vs TRI — Head-to-Head

Bigger by revenue
TRI
TRI
1.8× larger
TRI
$1.8B
$990.7M
FCN
Growing faster (revenue YoY)
FCN
FCN
+8.1% gap
FCN
10.7%
2.6%
TRI
Higher net margin
TRI
TRI
12.0% more per $
TRI
17.5%
5.5%
FCN

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
FCN
FCN
TRI
TRI
Revenue
$990.7M
$1.8B
Net Profit
$54.5M
$313.0M
Gross Margin
31.1%
Operating Margin
9.4%
24.4%
Net Margin
5.5%
17.5%
Revenue YoY
10.7%
2.6%
Net Profit YoY
9.7%
-62.8%
EPS (diluted)
$1.77
$0.69

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
TRI
TRI
Q4 25
$990.7M
Q3 25
$956.2M
Q2 25
$943.7M
$1.8B
Q1 25
$898.3M
Q4 24
$894.9M
Q3 24
$926.0M
Q2 24
$949.2M
$1.7B
Q1 24
$928.6M
Net Profit
FCN
FCN
TRI
TRI
Q4 25
$54.5M
Q3 25
$82.8M
Q2 25
$71.7M
$313.0M
Q1 25
$61.8M
Q4 24
$49.7M
Q3 24
$66.5M
Q2 24
$83.9M
$841.0M
Q1 24
$80.0M
Gross Margin
FCN
FCN
TRI
TRI
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
TRI
TRI
Q4 25
9.4%
Q3 25
12.3%
Q2 25
10.5%
24.4%
Q1 25
8.8%
Q4 24
5.9%
Q3 24
9.8%
Q2 24
11.0%
23.9%
Q1 24
10.7%
Net Margin
FCN
FCN
TRI
TRI
Q4 25
5.5%
Q3 25
8.7%
Q2 25
7.6%
17.5%
Q1 25
6.9%
Q4 24
5.6%
Q3 24
7.2%
Q2 24
8.8%
48.3%
Q1 24
8.6%
EPS (diluted)
FCN
FCN
TRI
TRI
Q4 25
$1.77
Q3 25
$2.60
Q2 25
$2.13
$0.69
Q1 25
$1.74
Q4 24
$1.39
Q3 24
$1.85
Q2 24
$2.34
$1.86
Q1 24
$2.23

Balance Sheet & Financial Strength

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

Metric
FCN
FCN
TRI
TRI
Cash + ST InvestmentsLiquidity on hand
$265.1M
$664.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.7B
$12.6B
Total Assets
$3.5B
$18.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FCN
FCN
TRI
TRI
Q4 25
$265.1M
Q3 25
$146.0M
Q2 25
$152.8M
$664.0M
Q1 25
$151.1M
Q4 24
$660.5M
Q3 24
$386.3M
Q2 24
$226.4M
$1.7B
Q1 24
$244.0M
Total Debt
FCN
FCN
TRI
TRI
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$0
Q3 24
Q2 24
$60.0M
Q1 24
$205.0M
Stockholders' Equity
FCN
FCN
TRI
TRI
Q4 25
$1.7B
Q3 25
$1.7B
Q2 25
$1.9B
$12.6B
Q1 25
$2.1B
Q4 24
$2.3B
Q3 24
$2.3B
Q2 24
$2.1B
$11.6B
Q1 24
$2.1B
Total Assets
FCN
FCN
TRI
TRI
Q4 25
$3.5B
Q3 25
$3.5B
Q2 25
$3.5B
$18.0B
Q1 25
$3.3B
Q4 24
$3.6B
Q3 24
$3.5B
Q2 24
$3.4B
$18.4B
Q1 24
$3.3B
Debt / Equity
FCN
FCN
TRI
TRI
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
0.00×
Q3 24
Q2 24
0.03×
Q1 24
0.10×

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
TRI
TRI
Operating Cash FlowLast quarter
$359.8M
$746.0M
Free Cash FlowOCF − Capex
$351.4M
FCF MarginFCF / Revenue
35.5%
Capex IntensityCapex / Revenue
0.8%
Cash ConversionOCF / Net Profit
6.60×
2.38×
TTM Free Cash FlowTrailing 4 quarters
$93.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FCN
FCN
TRI
TRI
Q4 25
$359.8M
Q3 25
$201.9M
Q2 25
$55.7M
$746.0M
Q1 25
$-465.2M
Q4 24
$315.3M
Q3 24
$219.4M
Q2 24
$135.2M
$705.0M
Q1 24
$-274.8M
Free Cash Flow
FCN
FCN
TRI
TRI
Q4 25
$351.4M
Q3 25
$187.0M
Q2 25
$38.3M
Q1 25
$-483.0M
Q4 24
$301.6M
Q3 24
$212.3M
Q2 24
$125.2M
Q1 24
$-279.5M
FCF Margin
FCN
FCN
TRI
TRI
Q4 25
35.5%
Q3 25
19.6%
Q2 25
4.1%
Q1 25
-53.8%
Q4 24
33.7%
Q3 24
22.9%
Q2 24
13.2%
Q1 24
-30.1%
Capex Intensity
FCN
FCN
TRI
TRI
Q4 25
0.8%
Q3 25
1.6%
Q2 25
1.8%
Q1 25
2.0%
Q4 24
1.5%
Q3 24
0.8%
Q2 24
1.1%
Q1 24
0.5%
Cash Conversion
FCN
FCN
TRI
TRI
Q4 25
6.60×
Q3 25
2.44×
Q2 25
0.78×
2.38×
Q1 25
-7.52×
Q4 24
6.34×
Q3 24
3.30×
Q2 24
1.61×
0.84×
Q1 24
-3.44×

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%

TRI
TRI

Segment breakdown not available.

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