Booz Allen Hamilton (BAH)
Market Price (11/8/2026): $85.39 | Market Cap: $10.2 BilSector: Industrials | Industry: Research & Consulting Services
Booz Allen Hamilton (BAH)
Market Price (11/8/2026): $85.39Market Cap: $10.2 BilSector: IndustrialsIndustry: Research & Consulting Services
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 10%, Dividend Yield is 2.8%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 5.0%, FCF Yield is 9.6% Stock buyback supportStock Buyback 3Y Total is 1.8 Bil Low stock price volatilityVol 12M is 42% Megatrend and thematic driversMegatrends include Cybersecurity, Artificial Intelligence, and Cloud Computing. Themes include Cloud Security, Show more. | Weak multi-year price returns2Y Excs Rtn is -79%, 3Y Excs Rtn is -101% | Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -6.2%, Rev Chg QQuarterly Revenue Change % is -3.9% Key risksBAH key risks include [1] its near-total reliance on U.S. Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 10%, Dividend Yield is 2.8%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 5.0%, FCF Yield is 9.6% |
| Stock buyback supportStock Buyback 3Y Total is 1.8 Bil |
| Low stock price volatilityVol 12M is 42% |
| Megatrend and thematic driversMegatrends include Cybersecurity, Artificial Intelligence, and Cloud Computing. Themes include Cloud Security, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -79%, 3Y Excs Rtn is -101% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -6.2%, Rev Chg QQuarterly Revenue Change % is -3.9% |
| Key risksBAH key risks include [1] its near-total reliance on U.S. Show more. |
Qualitative Assessment
AI Analysis | Feedback
Booz Allen Hamilton (BAH) stock has gained about 25% since 7/31/2026 because of the following key factors:
1. Strong Fiscal Q2 2027 Earnings Beat and Upgraded Fiscal Year 2027 Outlook. Booz Allen Hamilton reported adjusted diluted earnings per share (EPS) of $1.76 for fiscal Q2 2027, which ended September 30, 2026, significantly surpassing the consensus estimate of $1.48 by 18.9%. Following this strong performance, the company raised its fiscal year 2027 adjusted diluted EPS guidance to a range of $6.50 to $6.70, an increase from its prior range of $6.00 to $6.35. The low end of the adjusted EBITDA forecast was also increased to $1.26 billion, and free cash flow guidance was raised to between $850 million and $925 million. This positive financial performance and improved outlook contributed to the stock's appreciation.
2. Robust Contract Awards and Backlog Growth. The company demonstrated strong business momentum through consistent contract wins and an expanding backlog. As of fiscal Q2 2027, Booz Allen Hamilton's total backlog reached $41 billion, marking a 1.9% increase year-over-year, with a healthy quarterly book-to-bill ratio of 1.5x. Significant contract awards during this period included an $85 million, 10-year contract from the Air Force Research Laboratory for digital design methods in aerospace systems in September 2026, and a $96.7 million modification to an existing U.S. Navy contract for Marine Corps Installations Command support in August 2026.
Show more
Booz Allen Hamilton (BAH) stock has gained about 25% since 7/31/2026 because of the following key factors:
1. Strong Fiscal Q2 2027 Earnings Beat and Upgraded Fiscal Year 2027 Outlook. Booz Allen Hamilton reported adjusted diluted earnings per share (EPS) of $1.76 for fiscal Q2 2027, which ended September 30, 2026, significantly surpassing the consensus estimate of $1.48 by 18.9%. Following this strong performance, the company raised its fiscal year 2027 adjusted diluted EPS guidance to a range of $6.50 to $6.70, an increase from its prior range of $6.00 to $6.35. The low end of the adjusted EBITDA forecast was also increased to $1.26 billion, and free cash flow guidance was raised to between $850 million and $925 million. This positive financial performance and improved outlook contributed to the stock's appreciation.
2. Robust Contract Awards and Backlog Growth. The company demonstrated strong business momentum through consistent contract wins and an expanding backlog. As of fiscal Q2 2027, Booz Allen Hamilton's total backlog reached $41 billion, marking a 1.9% increase year-over-year, with a healthy quarterly book-to-bill ratio of 1.5x. Significant contract awards during this period included an $85 million, 10-year contract from the Air Force Research Laboratory for digital design methods in aerospace systems in September 2026, and a $96.7 million modification to an existing U.S. Navy contract for Marine Corps Installations Command support in August 2026.
3. Strategic Acquisition Bolstering National Security Capabilities. In August 2026, Booz Allen Hamilton completed the acquisition of the Ultra I&C Mission Solutions business for $720 million. This strategic move is aimed at enhancing the company's technology solutions and strengthening its capabilities, particularly within the critical national security missions sector, including areas such as cyber and defense technology products.
4. Positive Analyst Sentiment and Price Target Upgrades. Following the strong earnings report and ongoing business developments, several financial analysts upgraded their ratings and raised price targets for Booz Allen Hamilton. For example, Truist Securities upgraded the stock from Hold to Buy and increased its price target from $70 to $85 on October 8, 2026. Similarly, TD Cowen upgraded the stock from Hold to Buy on October 26, 2026, raising its price target from $77 to $95, citing improved trends in funded backlog and federal civilian sales. Overall, the average brokerage recommendation (ABR) for Booz Allen Hamilton improved from 2.93 to 2.67, with Strong Buy recommendations increasing to 33.33% of all recommendations.
Show less
Stock Movement Drivers
Fundamental Drivers
The 23.3% change in BAH stock from 7/31/2026 to 11/7/2026 was primarily driven by a 22.0% change in the company's P/E Multiple.| (LTM values as of) | 7312026 | 11072026 | Change |
|---|---|---|---|
| Stock Price ($) | 69.20 | 85.35 | 23.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 11,093 | 10,981 | -1.0% |
| Net Income Margin (%) | 7.0% | 7.1% | 1.8% |
| P/E Multiple | 10.7 | 13.0 | 22.0% |
| Shares Outstanding (Mil) | 120 | 120 | 0.3% |
| Cumulative Contribution | 23.3% |
Market Drivers
7/31/2026 to 11/7/2026| Return | Correlation | |
|---|---|---|
| BAH | 23.3% | |
| Market (SPY) | -1.6% | 1.4% |
| Sector (XLI) | -9.5% | -1.6% |
Fundamental Drivers
The 11.4% change in BAH stock from 4/30/2026 to 11/7/2026 was primarily driven by a 17.7% change in the company's P/E Multiple.| (LTM values as of) | 4302026 | 11072026 | Change |
|---|---|---|---|
| Stock Price ($) | 76.61 | 85.35 | 11.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 11,409 | 10,981 | -3.8% |
| Net Income Margin (%) | 7.4% | 7.1% | -2.9% |
| P/E Multiple | 11.1 | 13.0 | 17.7% |
| Shares Outstanding (Mil) | 121 | 120 | 1.3% |
| Cumulative Contribution | 11.4% |
Market Drivers
4/30/2026 to 11/7/2026| Return | Correlation | |
|---|---|---|
| BAH | 11.4% | |
| Market (SPY) | 2.6% | -2.6% |
| Sector (XLI) | -6.6% | -7.7% |
Fundamental Drivers
The 0.8% change in BAH stock from 10/31/2025 to 11/7/2026 was primarily driven by a 3.5% change in the company's P/E Multiple.| (LTM values as of) | 10312025 | 11072026 | Change |
|---|---|---|---|
| Stock Price ($) | 84.65 | 85.35 | 0.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 11,706 | 10,981 | -6.2% |
| Net Income Margin (%) | 7.1% | 7.1% | 1.2% |
| P/E Multiple | 12.6 | 13.0 | 3.5% |
| Shares Outstanding (Mil) | 123 | 120 | 2.6% |
| Cumulative Contribution | 0.8% |
Market Drivers
10/31/2025 to 11/7/2026| Return | Correlation | |
|---|---|---|
| BAH | 0.8% | |
| Market (SPY) | 8.7% | 2.7% |
| Sector (XLI) | 5.8% | 1.6% |
Fundamental Drivers
The -24.3% change in BAH stock from 10/31/2023 to 11/7/2026 was primarily driven by a -74.1% change in the company's P/E Multiple.| (LTM values as of) | 10312023 | 11072026 | Change |
|---|---|---|---|
| Stock Price ($) | 112.75 | 85.35 | -24.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 10,031 | 10,981 | 9.5% |
| Net Income Margin (%) | 2.9% | 7.1% | 143.7% |
| P/E Multiple | 50.2 | 13.0 | -74.1% |
| Shares Outstanding (Mil) | 131 | 120 | 9.4% |
| Cumulative Contribution | -24.3% |
Market Drivers
10/31/2023 to 11/7/2026| Return | Correlation | |
|---|---|---|
| BAH | -24.3% | |
| Market (SPY) | 81.9% | 12.7% |
| Sector (XLI) | 72.0% | 15.7% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| BAH Return | -1% | 26% | 24% | 2% | -33% | 3% | 9% |
| Peers Return | 18% | 11% | 13% | 11% | 12% | 9% | 99% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 12% | 105% |
Monthly Win Rates [3] | |||||||
| BAH Win Rate | 58% | 58% | 67% | 67% | 42% | 45% | |
| Peers Win Rate | 58% | 55% | 60% | 67% | 53% | 51% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 45% | |
Max Drawdowns [4] | |||||||
| BAH Max Drawdown | -21% | -21% | -15% | -31% | -43% | -41% | |
| Peers Max Drawdown | -16% | -22% | -18% | -26% | -27% | -37% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: LDOS, CACI, SAIC, ACN, GD. See BAH Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 11/6/2026 (YTD)
How Low Can It Go
| Event | BAH | S&P 500 |
|---|---|---|
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -10.8% | -7.8% |
| % Gain to Breakeven | 12.1% | 8.5% |
| Time to Breakeven | 28 days | 18 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -19.6% | -24.5% |
| % Gain to Breakeven | 24.4% | 32.4% |
| Time to Breakeven | 30 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -25.0% | -33.7% |
| % Gain to Breakeven | 33.4% | 50.9% |
| Time to Breakeven | 25 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -11.9% | -19.2% |
| % Gain to Breakeven | 13.5% | 23.8% |
| Time to Breakeven | 39 days | 105 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -28.6% | -17.9% |
| % Gain to Breakeven | 40.1% | 21.8% |
| Time to Breakeven | 300 days | 123 days |
In The Past
Booz Allen Hamilton's stock fell -10.8% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 12.1% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
| Event | BAH | S&P 500 |
|---|---|---|
| 2020 COVID-19 Crash | ||
| % Loss | -25.0% | -33.7% |
| % Gain to Breakeven | 33.4% | 50.9% |
| Time to Breakeven | 25 days | 140 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -28.6% | -17.9% |
| % Gain to Breakeven | 40.1% | 21.8% |
| Time to Breakeven | 300 days | 123 days |
In The Past
Booz Allen Hamilton's stock fell -10.8% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 12.1% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Booz Allen Hamilton (BAH)
Booz Allen Hamilton (BAH) is a long-standing management and technology consulting firm that provides a broad range of services to help organizations solve complex challenges. Their offerings span management and technology consulting, advanced analytics, digital transformation, engineering, mission operations, and comprehensive cyber solutions.
The company's core services include delivering transformational solutions in artificial intelligence, machine learning, and data science, alongside automation and decision analytics. They also specialize in designing, developing, and implementing digital solutions using modern architectures, providing engineering services for complex physical systems, and offering robust cyber risk management capabilities covering prevention and detection.
Booz Allen Hamilton primarily serves a diverse client base, including governments, corporations, and not-for-profit organizations, both within the United States and internationally. Their expertise is crucial for clients seeking to modernize operations, leverage cutting-edge technology, and enhance their strategic capabilities.
AI Analysis | Feedback
Here are 1-3 brief analogies to describe Booz Allen Hamilton:
- Accenture for the government sector.
- A McKinsey & Company specializing in national security and advanced technology.
AI Analysis | Feedback
Major Services of Booz Allen Hamilton (BAH)
- Management & Technology Consulting: Provides strategic advice and operational support across various business domains, human capital, and technology challenges.
- Analytics & Artificial Intelligence: Delivers transformational solutions leveraging AI, machine learning, data science, automation, and quantum computing for data-driven insights.
- Digital Solutions: Focuses on designing, developing, and implementing modern digital solutions built on contemporary methodologies and architectures.
- Engineering Services: Offers expertise in defining, developing, implementing, sustaining, and modernizing complex physical systems.
- Cyber Solutions: Provides comprehensive cyber risk management, including prevention, detection, and enhancing the cost-effectiveness of cybersecurity measures.
- Mission Operations: Supports critical client missions with operational expertise and execution.
AI Analysis | Feedback
Booz Allen Hamilton's (BAH) major customer is the U.S. federal government. A substantial majority of the company's revenue is derived from contracts with various U.S. government agencies and departments.
Key components of their government client base include:
- The U.S. Department of Defense (DoD)
- Various agencies within the U.S. Intelligence Community
- A wide range of U.S. civil agencies (e.g., Department of Homeland Security, Department of Veterans Affairs, NASA)
While Booz Allen Hamilton also provides solutions to corporations and not-for-profit organizations, these represent a smaller portion of their overall revenue compared to their extensive government work. Due to client confidentiality, specific names of major corporate customers are generally not publicly disclosed by the company.
AI Analysis | Feedback
AI Analysis | Feedback
AI Analysis | Feedback
-
Heavy Reliance on U.S. Government Contracts: Booz Allen Hamilton derives a substantial majority, approximately 98%, of its revenue from contracts with the U.S. government. This exposes the company to significant risks associated with changes in government spending, budget priorities, and overall budgetary constraints, including potential government shutdowns or debt ceiling issues. Policy shifts, such as initiatives to insource work previously performed by contractors, could also adversely impact revenue and growth prospects.
-
Reputational and Operational Risks from Data Breaches and Non-Compliance: The company faces considerable risks related to its reputation and operations due to potential data breaches, cybersecurity incidents, and non-compliance with complex government laws and regulations. A recent example includes the U.S. Treasury Department's cancellation of all its contracts with Booz Allen Hamilton in January 2026, citing the firm's alleged failure to adequately protect sensitive taxpayer information following a former employee's leak of tax returns. Such incidents can lead to financial penalties, contract terminations, and damage to the company's crucial relationships with government clients.
-
Intense Competition and Talent Acquisition/Retention Challenges: Booz Allen Hamilton operates in a highly competitive environment within the government and defense consulting sectors. It competes with other large contractors like Leidos, SAIC, and CACI International, as well as specialized firms. This competition is particularly acute in high-growth areas such as artificial intelligence and cybersecurity. A critical risk is the challenge of attracting and retaining highly skilled employees, especially those possessing the necessary security clearances and specialized technical expertise, which are essential for fulfilling government contracts.
AI Analysis | Feedback
The rapid development and adoption of highly autonomous, specialized AI-driven platforms and services that automate complex analytical, strategic, and solution design tasks, potentially reducing the demand for traditional human-led consulting engagements in areas such as data science, cyber solutions, and digital transformation.
AI Analysis | Feedback
Booz Allen Hamilton (symbol: BAH) operates within several significant addressable markets, primarily serving the U.S. government and public sector. The key addressable markets for their main products and services are detailed below:
- Cyber Solutions: The U.S. federal cybersecurity market is a substantial addressable market for Booz Allen Hamilton. It is projected to increase from $17.4 billion in fiscal year 2024 to $21.5 billion in fiscal year 2028. More broadly, the U.S. cyber defense market, which includes the government and defense sector, was valued at $65.1 billion in 2024 and is expected to grow to $150.6 billion by 2032. The government and defense sector constituted 30% of this market in 2024. Globally, spending on cybersecurity products and services is predicted to reach $454 billion annually in 2025.
- Management and Technology Consulting: The United States public sector consulting and advisory services market is estimated at $13.57 billion in 2025 and is anticipated to grow to $18.03 billion by 2030. North America holds approximately 45% of the global market share for public sector consulting and advisory services. For overall IT consulting in the U.S., the market size was $745.6 billion in 2024 and $759.6 billion in 2025.
- Analytics (Artificial Intelligence, Machine Learning, Data Science): The global AI in government and public services market was estimated at $22.41 billion in 2024 and is projected to reach $98.13 billion by 2033. North America dominated this market in 2024 with a 32.0% revenue share. Another estimate values the global AI in government and public services market at $25.08 billion in 2025, with a projection to reach $109.44 billion by 2035, and North America leading this market.
- Engineering Services: The United States engineering services market was valued at $387.42 billion in 2025 and is projected to grow to $533.33 billion by 2031. Globally, the engineering services market was valued at $2.34 trillion in 2025 and is projected to reach $5.37 trillion by 2034.
- Digital Solutions (Digital Transformation): The United States digital transformation market was valued at an estimated $0.66 trillion in 2025 and is expected to grow to $1.96 trillion by 2031. Another source indicates the U.S. digital transformation market is estimated at $0.55 trillion in 2024 and is expected to reach $1.38 trillion by 2029.
AI Analysis | Feedback
Booz Allen Hamilton (BAH) is anticipated to drive future revenue growth over the next two to three years through several key areas:
- Growth in Advanced Technologies (Cybersecurity, Artificial Intelligence, Digital, and Engineering): Booz Allen Hamilton is strategically investing in and focusing on advanced technologies such as cybersecurity, artificial intelligence, and other digital and engineering solutions. These areas are consistently highlighted as key growth vectors for the company.
- Expansion within National Security and Defense Markets: The company's core business in national security and defense continues to be a robust driver. Booz Allen Hamilton has shown strong performance in these segments, and a proposed increase in the U.S. defense budget is expected to further bolster demand and accelerate growth in these critical markets.
- Focus on Federal Health Agencies: The company has identified federal health agencies as a significant opportunity for future growth, indicating a targeted expansion or increased penetration in this specific government sector.
- Strategic Acquisitions: Booz Allen Hamilton anticipates that strategic acquisitions will play a role in accelerating future profitability and overall revenue expansion. Acquisitions can broaden their capabilities, client base, and market reach.
- Shift to Outcome-Based Contracting and Product Sales: Booz Allen Hamilton is actively transitioning towards outcome-based contracting and increasing its product sales. This strategic evolution in its business model is aimed at strengthening near-term financial performance and expanding its leadership in the market.
AI Analysis | Feedback
Capital Allocation Decisions for Booz Allen Hamilton (BAH)
Share Repurchases
- Booz Allen Hamilton repurchased $149 million of shares at an average price of $157.74 per share, accounting for 2.3% of outstanding shares since the start of the fiscal year.
- The company's Board of Directors authorized an additional $500 million for future share repurchases.
- Booz Allen is executing a long-running share repurchase program totaling $3.56 billion.
Share Issuance
- There is no information indicating share issuances; instead, the company's shares outstanding have seen a decline due to repurchases. For example, shares outstanding in 2025 were 0.128 billion, a 1.93% decline from 2024, and 0.121 billion for the quarter ending December 31, 2025, marking a 5.15% year-over-year decrease.
Inbound Investments
- Booz Allen Hamilton formed a new collaboration with Andreessen Horowitz (a16z) to become the first a16z Technology Acceleration Partner for Governments, aiming to strengthen technical supremacy in areas like artificial intelligence, autonomy, and electronic warfare.
Outbound Investments
- Booz Allen Hamilton is tripling its venture capital commitment for Booz Allen Ventures from $100 million to $300 million, with plans to make 20-25 new investments in early-stage technology companies over the next five years.
- The company entered into a definitive agreement to acquire Defy Security to expand its global commercial business and scale advanced cybersecurity solutions.
- In June 2024, Booz Allen Hamilton acquired PAR Government, a cloud-based software solutions provider for government and organizations.
Capital Expenditures
- Capital expenditures for fiscal year 2025 were approximately $98 million, with an expectation of around $100 million for fiscal year 2026.
- Annual capital expenditures have varied over the last few years, reaching $128 million in 2025, $89 million in 2024, $78 million in 2023, and $54 million in 2022.
- The focus of these capital expenditures aligns with the company's strategic emphasis on critical technology areas such as artificial intelligence, cyber, and quantum computing, as well as advancing national security and deep tech partnerships.
Peer Outperformance in Research & Consulting Services
| Ticker | Name | Rev Growth 3Y Avg | P/E | 1Y | 3Y | 5Y | 5Y Gap |
|---|---|---|---|---|---|---|---|
| BAH | Booz Allen Hamilton | 3.4% | 13.0x | 0.5% | -27.3% | 8.5% | — |
| FCN | FTI Consulting | 6.2% | 22.4x | 19.8% | -9.5% | 35.5% | +27pp |
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Marine Transportation | 5 | 28.7% | 33.1% | 105.5% | MATX 153% · KEX 106% |
| Construction & Engineering | 28 | -21.4% | 94.6% | 93.8% | FIX 949% · STRL 830% · AGX 565% |
| Construction Machinery & Heavy Transportation Equipment | 14 | 9.1% | 66.9% | 93.0% | ALSN 256% · WAB 210% · CAT 195% |
| Aerospace & Defense | 54 | -2.0% | 55.8% | 55.7% | ATI 891% · FTAI 850% · HWM 525% |
| Trading Companies & Distributors | 19 | 11.5% | 30.9% | 31.6% | DXPE 298% · AIT 187% · URI 180% |
| Industrial Machinery & Supplies & Components | 71 | 1.0% | 48.0% | 28.8% | CRS 795% · MLI 302% · SYM 266% |
| Rail Transportation | 7 | 33.7% | 68.7% | 25.2% | CSX 48% · UNP 36% · NSC 25% |
| Diversified Support Services | 34 | 15.7% | 38.0% | 15.8% | CXW 200% · OPLN 134% · CACI 113% |
| Building Products | 34 | -7.3% | 6.0% | 12.8% | MOD 760% · GFF 339% · TT 132% |
| Cargo Ground Transportation | 16 | 27.7% | 11.3% | 2.2% | XPO 270% · R 245% · ARCB 19% |
| Industrial Conglomerates | 17 | 14.5% | 6.5% | -0.6% | CSW 99% · CSL 70% · DD 67% |
| Office Services & Supplies | 10 | 19.6% | 22.1% | -2.5% | PBI 157% · HNI 37% · MSA 18% |
| Electrical Components & Equipment | 39 | -7.8% | 57.6% | -5.3% | POWL 1454% · VRT 565% · BE 441% |
| Data Processing & Outsourced Services | 6 | -10.2% | 1.5% | -13.8% | EXLS 57% · BR 20% · G -10% |
| Research & Consulting Services ← | 13 | 0.5% | -16.2% | -24.2% | HURN 210% · FCN 36% · BAH 9% |
| Agricultural & Farm Machinery | 16 | 14.8% | -3.9% | -25.5% | DE 102% · TTC 15% · AGCO 3% |
| Environmental & Facilities Services | 29 | -22.8% | 26.6% | -27.0% | GEO 191% · CLH 168% · RSG 98% |
| Security & Alarm Services | 9 | -47.2% | 31.9% | -27.5% | BCO 65% |
| Passenger Airlines | 11 | 4.0% | 69.0% | -34.4% | LTM 3140% · UAL 114% · DAL 105% |
| Air Freight & Logistics | 12 | -31.2% | -9.4% | -40.2% | FDX 75% · EXPD 56% · CHRW 50% |
| Human Resource & Employment Services | 22 | 22.1% | -13.7% | -42.8% | ADP 48% · FA 24% · PAYX 10% |
| Passenger Ground Transportation | 3 | -22.5% | 38.6% | -58.0% | UBER 45% · CAR -58% · LYFT -68% |
| Airport Services | 4 | -42.8% | -66.1% | -87.0% | JOBY -40% |
Latest Trefis Analyses
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 203.72 |
| Mkt Cap | 15.0 |
| Rev LTM | 14,388 |
| Op Inc LTM | 1,562 |
| FCF LTM | 1,472 |
| FCF 3Y Avg | 1,232 |
| CFO LTM | 1,594 |
| CFO 3Y Avg | 1,355 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 4.6% |
| Rev Chg 3Y Avg | 5.3% |
| Rev Chg Q | 6.2% |
| QoQ Delta Rev Chg LTM | 1.5% |
| Op Inc Chg LTM | 8.0% |
| Op Inc Chg 3Y Avg | 15.3% |
| Op Mgn LTM | 10.1% |
| Op Mgn 3Y Avg | 10.2% |
| QoQ Delta Op Mgn LTM | 0.1% |
| CFO/Rev LTM | 10.8% |
| CFO/Rev 3Y Avg | 9.4% |
| FCF/Rev LTM | 9.6% |
| FCF/Rev 3Y Avg | 8.1% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 15.0 |
| P/S | 1.2 |
| P/Op Inc | 12.0 |
| P/EBIT | 12.0 |
| P/E | 17.6 |
| P/CFO | 11.1 |
| Total Yield | 7.5% |
| Dividend Yield | 1.5% |
| FCF Yield 3Y Avg | 7.4% |
| D/E | 0.4 |
| Net D/E | 0.4 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 12.5% |
| 3M Rtn | 4.9% |
| 6M Rtn | 19.8% |
| 12M Rtn | 4.0% |
| 3Y Rtn | 35.7% |
| 1M Excs Rtn | 17.6% |
| 3M Excs Rtn | 7.9% |
| 6M Excs Rtn | 20.1% |
| 12M Excs Rtn | -4.0% |
| 3Y Excs Rtn | -36.8% |
Comparison Analyses
Price Behavior
| Market Price | $85.35 | |
| Market Cap ($ Bil) | 10.2 | |
| First Trading Date | 11/17/2010 | |
| Distance from 52W High | -14.6% | |
| 50 Days | 200 Days | |
| DMA Price | $76.39 | $75.60 |
| DMA Trend | up | down |
| Distance from DMA | 11.7% | 12.9% |
| 3M | 1YR | |
| Volatility | 37.0% | 41.9% |
| Downside Capture | -30.30 | 42.24 |
| Upside Capture | 35.40 | 39.72 |
| Correlation (S&P 500) | -7.8% | 3.2% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -0.98 | -0.47 | 0.17 | -0.05 | 0.13 | 0.32 |
| Up Beta | -1.87 | -0.23 | 0.72 | -0.57 | -0.52 | 0.11 |
| Down Beta | -2.29 | -2.72 | -1.95 | 0.10 | 0.16 | 0.29 |
| Up Capture | 184% | 75% | 121% | 16% | 28% | 12% |
| Bmk +ve Days | 12 | 18 | 28 | 62 | 130 | 427 |
| Stock +ve Days | 14 | 22 | 35 | 62 | 125 | 381 |
| Down Capture | -222% | -59% | -23% | -20% | 37% | 81% |
| Bmk -ve Days | 10 | 25 | 36 | 64 | 121 | 325 |
| Stock -ve Days | 8 | 21 | 28 | 63 | 125 | 369 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BAH | |
|---|---|---|---|---|
| BAH | 1.5% | 41.9% | 0.14 | - |
| Sector ETF (XLI) | 7.1% | 17.8% | 0.22 | 1.4% |
| Equity (SPY) | 9.5% | 13.6% | 0.40 | 2.7% |
| Gold (GLD) | 1.6% | 28.7% | 0.05 | -4.7% |
| Commodities (DBC) | 38.4% | 21.2% | 1.42 | 6.0% |
| Real Estate (VNQ) | 11.3% | 14.2% | 0.51 | 23.9% |
| Bitcoin (BTCUSD) | -27.2% | 43.6% | -0.61 | 6.5% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BAH | |
|---|---|---|---|---|
| BAH | 1.6% | 32.6% | 0.10 | - |
| Sector ETF (XLI) | 10.9% | 17.7% | 0.45 | 26.0% |
| Equity (SPY) | 11.3% | 17.3% | 0.48 | 21.8% |
| Gold (GLD) | 17.5% | 19.1% | 0.74 | 0.6% |
| Commodities (DBC) | 8.1% | 19.6% | 0.30 | 8.3% |
| Real Estate (VNQ) | 1.3% | 18.9% | -0.04 | 25.2% |
| Bitcoin (BTCUSD) | 4.0% | 51.6% | 0.26 | 11.4% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BAH | |
|---|---|---|---|---|
| BAH | 12.9% | 29.6% | 0.46 | - |
| Sector ETF (XLI) | 13.0% | 20.1% | 0.56 | 36.1% |
| Equity (SPY) | 15.0% | 18.0% | 0.70 | 35.8% |
| Gold (GLD) | 11.9% | 16.5% | 0.59 | 2.2% |
| Commodities (DBC) | 7.5% | 18.1% | 0.33 | 10.4% |
| Real Estate (VNQ) | 5.9% | 20.7% | 0.24 | 33.3% |
| Bitcoin (BTCUSD) | 60.0% | 66.3% | 1.00 | 7.8% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 11/3/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 10/23/2026 | -0.3% | 7.2% | |
| 7/24/2026 | 10.1% | 3.7% | 17.9% |
| 5/22/2026 | 3.1% | 3.7% | -15.7% |
| 1/23/2026 | 6.8% | -7.3% | -21.9% |
| 10/24/2025 | -8.9% | -17.4% | -18.9% |
| 7/25/2025 | -1.8% | -6.8% | -4.0% |
| 5/23/2025 | -16.5% | -17.7% | -22.0% |
| 1/31/2025 | 0.1% | 0.2% | -20.0% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 13 | 13 | 12 |
| # Negative | 11 | 11 | 11 |
| Median Positive | 6.1% | 6.9% | 5.3% |
| Median Negative | -4.6% | -6.9% | -15.7% |
| Max Positive | 13.6% | 15.4% | 21.9% |
| Max Negative | -16.5% | -17.7% | -22.0% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 10/23/2026 | -0.3% | 7.2% | |
| 7/24/2026 | 10.1% | 3.7% | 17.9% |
| 5/22/2026 | 3.1% | 3.7% | -15.7% |
| 1/23/2026 | 6.8% | -7.3% | -21.9% |
| 10/24/2025 | -8.9% | -17.4% | -18.9% |
| 7/25/2025 | -1.8% | -6.8% | -4.0% |
| 5/23/2025 | -16.5% | -17.7% | -22.0% |
| 1/31/2025 | 0.1% | 0.2% | -20.0% |
| 10/25/2024 | 9.2% | 9.1% | -10.1% |
| 7/26/2024 | -8.9% | -6.9% | 1.2% |
| 5/24/2024 | 4.0% | -0.1% | 3.6% |
| 1/26/2024 | 13.6% | 10.3% | 15.0% |
| 10/27/2023 | -3.3% | 1.1% | 5.8% |
| 7/28/2023 | 6.1% | 9.3% | 0.9% |
| 5/26/2023 | 7.1% | 15.4% | 21.9% |
| 1/27/2023 | -4.6% | -1.8% | -1.4% |
| 10/28/2022 | 4.9% | 4.9% | 4.1% |
| 7/29/2022 | 0.4% | -0.6% | 1.8% |
| 5/20/2022 | -2.5% | 6.9% | 4.8% |
| 1/28/2022 | -8.3% | -6.7% | -1.1% |
| 10/29/2021 | 7.8% | 8.5% | 7.3% |
| 7/30/2021 | -4.3% | -8.6% | -8.5% |
| 5/21/2021 | 1.9% | 4.1% | 8.0% |
| 1/29/2021 | -10.7% | -12.6% | -16.4% |
| SUMMARY STATS | |||
| # Positive | 13 | 13 | 12 |
| # Negative | 11 | 11 | 11 |
| Median Positive | 6.1% | 6.9% | 5.3% |
| Median Negative | -4.6% | -6.9% | -15.7% |
| Max Positive | 13.6% | 15.4% | 21.9% |
| Max Negative | -16.5% | -17.7% | -22.0% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2026 | 10/23/2026 | 10-Q |
| 06/30/2026 | 07/24/2026 | 10-Q |
| 03/31/2026 | 05/22/2026 | 10-K |
| 12/31/2025 | 01/23/2026 | 10-Q |
| 09/30/2025 | 10/24/2025 | 10-Q |
| 06/30/2025 | 07/25/2025 | 10-Q |
| 03/31/2025 | 05/23/2025 | 10-K |
| 12/31/2024 | 01/31/2025 | 10-Q |
| 09/30/2024 | 10/25/2024 | 10-Q |
| 06/30/2024 | 07/26/2024 | 10-Q |
| 03/31/2024 | 05/24/2024 | 10-K |
| 12/31/2023 | 01/26/2024 | 10-Q |
| 09/30/2023 | 10/27/2023 | 10-Q |
| 06/30/2023 | 07/28/2023 | 10-Q |
| 03/31/2023 | 05/26/2023 | 10-K |
| 12/31/2022 | 01/27/2023 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2026 | 10/23/2026 | 10-Q |
| 06/30/2026 | 07/24/2026 | 10-Q |
| 03/31/2026 | 05/22/2026 | 10-K |
| 12/31/2025 | 01/23/2026 | 10-Q |
| 09/30/2025 | 10/24/2025 | 10-Q |
| 06/30/2025 | 07/25/2025 | 10-Q |
| 03/31/2025 | 05/23/2025 | 10-K |
| 12/31/2024 | 01/31/2025 | 10-Q |
| 09/30/2024 | 10/25/2024 | 10-Q |
| 06/30/2024 | 07/26/2024 | 10-Q |
| 03/31/2024 | 05/24/2024 | 10-K |
| 12/31/2023 | 01/26/2024 | 10-Q |
| 09/30/2023 | 10/27/2023 | 10-Q |
| 06/30/2023 | 07/28/2023 | 10-Q |
| 03/31/2023 | 05/26/2023 | 10-K |
| 12/31/2022 | 01/27/2023 | 10-Q |
| 09/30/2022 | 10/28/2022 | 10-Q |
| 06/30/2022 | 07/29/2022 | 10-Q |
| 03/31/2022 | 05/20/2022 | 10-K |
| 12/31/2021 | 01/28/2022 | 10-Q |
| 09/30/2021 | 10/29/2021 | 10-Q |
| 06/30/2021 | 07/30/2021 | 10-Q |
| 03/31/2021 | 05/21/2021 | 10-K |
| 12/31/2020 | 01/29/2021 | 10-Q |
| 09/30/2020 | 10/30/2020 | 10-Q |
| 06/30/2020 | 07/31/2020 | 10-Q |
| 03/31/2020 | 05/26/2020 | 10-K |
| 12/31/2019 | 01/31/2020 | 10-Q |
Recent Forward Guidance
Updated 11/2/2026Latest: Q2 2027 Earnings Reported 10/23/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q3 2027 Quarterly Dividend | Reported | 0.59 | ||||||
| 2027 Revenue | Reported | 11.30 Bil | 11.45 Bil | 11.60 Bil | 0.0% | Affirmed | Guidance: 11.45 Bil for 2027 | |
| 2027 Revenue Growth | Reported | 1.0% | 2.0% | 3.0% | 0.0% | Affirmed | Guidance: 2.0% for 2027 | |
| 2027 Adjusted EBITDA | Reported | 1.26 Bil | 1.27 Bil | 1.29 Bil | 0.8% | Raised | Guidance: 1.26 Bil for 2027 | |
| 2027 Adjusted EBITDA Margin on Revenue | Reported | 11.0% | 0.0% | Affirmed | Guidance: 11.0% for 2027 | |||
| 2027 Effective Tax Rate | Reported | 16.0% | 17.5% | 19.0% | ||||
| 2027 Adjusted Diluted EPS | Reported | 6.5 | 6.6 | 6.7 | 6.9% | Raised | Guidance: 6.18 for 2027 | |
| 2027 Average Diluted Shares Outstanding | Reported | 118.00 Mil | 119.00 Mil | 120.00 Mil | ||||
| 2027 Capital Expenditures | Reported | 200.00 Mil | ||||||
| 2027 Free Cash Flow | Reported | 850.00 Mil | 887.50 Mil | 925.00 Mil | 1.4% | Raised | Guidance: 875.00 Mil for 2027 | |
Prior: Q1 2027 Earnings Reported 7/24/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2027 Revenue | Reported | 11.20 Bil | 11.45 Bil | 11.70 Bil | 0 | Affirmed | Guidance: 11.45 Bil for 2027 | |
| 2027 Revenue Growth | Reported | 0.0% | 2.0% | 4.0% | 0 | Affirmed | Guidance: 2.0% for 2027 | |
| 2027 Adjusted EBITDA | Reported | 1.24 Bil | 1.26 Bil | 1.29 Bil | 0 | Affirmed | Guidance: 1.26 Bil for 2027 | |
| 2027 Adjusted EBITDA Margin on Revenue | Reported | 11.0% | 0 | Affirmed | Guidance: 11.0% for 2027 | |||
| 2027 Adjusted Diluted EPS | Reported | 6 | 6.18 | 6.35 | 0 | Affirmed | Guidance: 6.18 for 2027 | |
| 2027 Free Cash Flow | Reported | 825.00 Mil | 875.00 Mil | 925.00 Mil | 0 | Affirmed | Guidance: 875.00 Mil for 2027 | |
Q4 2026 Earnings Reported 5/22/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2027 Revenue | Reported | 11.20 Bil | 11.45 Bil | 11.70 Bil | 0.9% | Higher New | Guidance: 11.35 Bil for 2026 | |
| 2027 Revenue Growth | Reported | 0.0% | 2.0% | 4.0% | 7.5% | Higher New | Guidance: -5.5% for 2026 | |
| 2027 Adjusted EBITDA | Reported | 1.24 Bil | 1.26 Bil | 1.29 Bil | 5.0% | Higher New | Guidance: 1.21 Bil for 2026 | |
| 2027 Adjusted EBITDA Margin on Revenue | Reported | 11.0% | ||||||
| 2027 Adjusted Diluted EPS | Reported | 6 | 6.18 | 6.35 | 2.1% | Higher New | Guidance: 6.05 for 2026 | |
| 2027 Free Cash Flow | Reported | 825.00 Mil | 875.00 Mil | 925.00 Mil | 1.4% | Higher New | Guidance: 862.50 Mil for 2026 | |
Q3 2026 Earnings Reported 1/23/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Revenue | Reported | 11.30 Bil | 11.35 Bil | 11.40 Bil | -0.4% | Lowered | Guidance: 11.40 Bil for 2026 | |
| 2026 Revenue Growth | Reported | -6.0% | -5.5% | -5.0% | -0.5% | Lowered | Guidance: -5.0% for 2026 | |
| 2026 Adjusted EBITDA | Reported | 1.20 Bil | 1.21 Bil | 1.22 Bil | 0 | Affirmed | Guidance: 1.21 Bil for 2026 | |
| 2026 Adjusted Diluted EPS | Reported | 5.95 | 6.05 | 6.15 | 9.0% | Raised | Guidance: 5.55 for 2026 | |
| 2026 Free Cash Flow | Reported | 825.00 Mil | 862.50 Mil | 900.00 Mil | -4.2% | Lowered | Guidance: 900.00 Mil for 2026 | |
Insider Activity
Updated 10/30/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Fitzgerald, Buffum Shannon | Executive Vice President | Direct | Sell | 10302026 | 82.90 | 2,105 | 174,504 | 421,712 | Form |
| 2 | Petty, Joshua | EVP & General Counsel | Direct | Sell | 10302026 | 82.92 | 1,500 | 124,380 | 707,971 | Form |
| 3 | Metzfield, Dennis | VP, PAO & Controller | Direct | Sell | 8172026 | 77.92 | 469 | 36,544 | 388,743 | Form |
| 4 | Metzfield, Dennis | VP, PAO & Controller | Direct | Sell | 2272026 | 78.59 | 350 | 27,506 | 313,574 | Form |
| 5 | Rozanski, Horacio | President and CEO | Direct | Buy | 10302025 | 84.66 | 23,800 | 2,014,908 | 58,224,492 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Fitzgerald, Buffum Shannon | Executive Vice President | Direct | Sell | 10302026 | 82.90 | 2,105 | 174,504 | 421,712 | Form |
| 2 | Petty, Joshua | EVP & General Counsel | Direct | Sell | 10302026 | 82.92 | 1,500 | 124,380 | 707,971 | Form |
| 3 | Metzfield, Dennis | VP, PAO & Controller | Direct | Sell | 8172026 | 77.92 | 469 | 36,544 | 388,743 | Form |
| 4 | Metzfield, Dennis | VP, PAO & Controller | Direct | Sell | 2272026 | 78.59 | 350 | 27,506 | 313,574 | Form |
| 5 | Rozanski, Horacio | President and CEO | Direct | Buy | 10302025 | 84.66 | 23,800 | 2,014,908 | 58,224,492 | Form |
Investor Activity (13F)
Updated Nov 8, 2026Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.
| Active Manager |
|---|
Booz Allen Hamilton — Investor Video Playlist







Industry Resources
| Industrials Resources |
| IndustryWeek |
| Manufacturing.net |
| Aviation Week |
| Research & Consulting Services Resources |
| Consultancy.org |
| Gartner Research |
| Forrester Insights |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
Prefer one of these to Trefis? Tell us why.