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): $85.39
Market Cap: $10.2 Bil
Sector: Industrials
Industry: Research & Consulting Services

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Attractive yield
Total 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 support
Stock Buyback 3Y Total is 1.8 Bil

Low stock price volatility
Vol 12M is 42%

Megatrend and thematic drivers
Megatrends include Cybersecurity, Artificial Intelligence, and Cloud Computing. Themes include Cloud Security, Show more.

Weak multi-year price returns
2Y Excs Rtn is -79%, 3Y Excs Rtn is -101%

Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -6.2%, Rev Chg QQuarterly Revenue Change % is -3.9%

Key risks
BAH key risks include [1] its near-total reliance on U.S. Show more.

0 Attractive yield
Total 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%
1 Stock buyback support
Stock Buyback 3Y Total is 1.8 Bil
2 Low stock price volatility
Vol 12M is 42%
3 Megatrend and thematic drivers
Megatrends include Cybersecurity, Artificial Intelligence, and Cloud Computing. Themes include Cloud Security, Show more.
4 Weak multi-year price returns
2Y Excs Rtn is -79%, 3Y Excs Rtn is -101%
5 Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -6.2%, Rev Chg QQuarterly Revenue Change % is -3.9%
6 Key risks
BAH key risks include [1] its near-total reliance on U.S. Show more.

BAH in ETFs

Weight = BAH's share of each fund

VTI0.01%
ITOT0.02%
IWB0.02%
IJH0.31%
SCHD0.25%
VIG0.04%
VYM0.04%
VB0.11%
+25 more covered ETFs

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 11/1/2026

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
Updated on 11/1/2026

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
Holding a concentrated position? Know your true downside before the momentum shifts.
Protect Your Wealth →

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)731202611072026Change
Stock Price ($)69.2085.3523.3%
Change Contribution By: 
Total Revenues ($ Mil)11,09310,981-1.0%
Net Income Margin (%)7.0%7.1%1.8%
P/E Multiple10.713.022.0%
Shares Outstanding (Mil)1201200.3%
Cumulative Contribution23.3%

LTM = Last Twelve Months as of date shown

Market Drivers

7/31/2026 to 11/7/2026
ReturnCorrelation
BAH23.3% 
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)430202611072026Change
Stock Price ($)76.6185.3511.4%
Change Contribution By: 
Total Revenues ($ Mil)11,40910,981-3.8%
Net Income Margin (%)7.4%7.1%-2.9%
P/E Multiple11.113.017.7%
Shares Outstanding (Mil)1211201.3%
Cumulative Contribution11.4%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2026 to 11/7/2026
ReturnCorrelation
BAH11.4% 
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)1031202511072026Change
Stock Price ($)84.6585.350.8%
Change Contribution By: 
Total Revenues ($ Mil)11,70610,981-6.2%
Net Income Margin (%)7.1%7.1%1.2%
P/E Multiple12.613.03.5%
Shares Outstanding (Mil)1231202.6%
Cumulative Contribution0.8%

LTM = Last Twelve Months as of date shown

Market Drivers

10/31/2025 to 11/7/2026
ReturnCorrelation
BAH0.8% 
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)1031202311072026Change
Stock Price ($)112.7585.35-24.3%
Change Contribution By: 
Total Revenues ($ Mil)10,03110,9819.5%
Net Income Margin (%)2.9%7.1%143.7%
P/E Multiple50.213.0-74.1%
Shares Outstanding (Mil)1311209.4%
Cumulative Contribution-24.3%

LTM = Last Twelve Months as of date shown

Market Drivers

10/31/2023 to 11/7/2026
ReturnCorrelation
BAH-24.3% 
Market (SPY)81.9%12.7%
Sector (XLI)72.0%15.7%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
BAH Return-1%26%24%2%-33%3%9%
Peers Return18%11%13%11%12%9%99%
S&P 500 Return27%-19%24%23%16%12%105%

Monthly Win Rates [3]
BAH Win Rate58%58%67%67%42%45% 
Peers Win Rate58%55%60%67%53%51% 
S&P 500 Win Rate75%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

EventBAHS&P 500
2024 Yen Carry Trade Unwind
  % Loss-10.8%-7.8%
  % Gain to Breakeven12.1%8.5%
  Time to Breakeven28 days18 days
2022 Inflation Shock & Fed Tightening
  % Loss-19.6%-24.5%
  % Gain to Breakeven24.4%32.4%
  Time to Breakeven30 days427 days
2020 COVID-19 Crash
  % Loss-25.0%-33.7%
  % Gain to Breakeven33.4%50.9%
  Time to Breakeven25 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-11.9%-19.2%
  % Gain to Breakeven13.5%23.8%
  Time to Breakeven39 days105 days
2011 US Debt Ceiling Crisis & European Contagion
  % Loss-28.6%-17.9%
  % Gain to Breakeven40.1%21.8%
  Time to Breakeven300 days123 days

Compare to LDOS, CACI, SAIC, ACN, GD

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.

EventBAHS&P 500
2020 COVID-19 Crash
  % Loss-25.0%-33.7%
  % Gain to Breakeven33.4%50.9%
  Time to Breakeven25 days140 days
2011 US Debt Ceiling Crisis & European Contagion
  % Loss-28.6%-17.9%
  % Gain to Breakeven40.1%21.8%
  Time to Breakeven300 days123 days

Compare to LDOS, CACI, SAIC, ACN, GD

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

null

AI Analysis | Feedback

Horacio D. Rozanski Chairman, Chief Executive Officer, and President Horacio D. Rozanski joined Booz Allen Hamilton as an intern in 1991 and became a full-time strategy consultant in 1992. He advanced through various leadership roles, including chief personnel officer, chief strategy and talent officer, and president and chief operating officer, before being appointed CEO in 2015. In 2024, he also became the Chairman of the Board of Directors. Throughout his tenure, Mr. Rozanski has been instrumental in significant strategic initiatives, such as the 2008 spin-off of the commercial consulting business and the firm's successful initial public offering in 2010. He is also credited with leading Booz Allen's transformation into a technology company. Mr. Rozanski serves as a director on the board of Marriott International, Inc. and is Chairman of the Board for Children's National Hospital. Matthew A. Calderone Chief Financial Officer and Executive Vice President Matthew A. Calderone served as Chief Financial Officer and Executive Vice President of Booz Allen Hamilton from 2022 until his planned resignation in early 2026. He will be joining S&P Global's Mobility business as CFO, a unit that plans to spin off into a standalone company. Mr. Calderone has a bachelor's degree in economics from the University of Maryland and an MBA from Yale School of Management. During his extensive career at Booz Allen, he led the corporate development team, overseeing over $1.4 billion in M&A transactions. He also held the role of chief strategy officer, where he developed and implemented the firm's VoLT (velocity, leadership, technology) growth strategy. Earlier in his career, Mr. Calderone spent three years as a principal at Boston Consulting Group, focusing on organization and retail practices. Kristine Martin Anderson Executive Vice President and Chief Operating Officer Kristine Martin Anderson is an Executive Vice President and the Chief Operating Officer at Booz Allen Hamilton. Following the departure of Matthew Calderone, she will assume the responsibilities of Chief Financial Officer on an interim basis. Andrew Turner Executive Vice President, Global Commercial Business Lead Andrew Turner is the Executive Vice President and Global Commercial Business Lead at Booz Allen Hamilton, a role he took on in February 2023, having initially joined in December 2020 as executive vice president and market strategy leader for the global commercial business. He is also listed as the chief technology officer and market strategy lead for the Global Commercial business. Mr. Turner brings over 20 years of experience in cybersecurity and threat intelligence to his role. Prior to joining Booz Allen, he served as chief security officer at Fidelity National Information Services (FIS) and Worldpay. He also held significant cybersecurity leadership positions at Visa and Microsoft. Susan L. Penfield Chief Innovation Officer and Executive Vice President Susan L. Penfield serves as the Chief Innovation Officer and an Executive Vice President at Booz Allen Hamilton. She has held various leadership roles within the firm, including leading the analytics and data science business, and was instrumental in establishing and leading the firm's Strategic Innovation Group as its first chief innovation officer. Ms. Penfield's experience includes developing and delivering data and AI solutions for both commercial and public sector clients.

AI Analysis | Feedback

The key risks to Booz Allen Hamilton's business are:
  1. 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.

  2. 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.

  3. 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:

  1. 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.
  2. 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.
  3. 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.
  4. 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.
  5. 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.

Better Bets vs. Booz Allen Hamilton (BAH)

Peer Outperformance in Research & Consulting Services

BAH has outperformed 75% of its 12 Research & Consulting Services peers over 5Y. Among the peers that beat it is FCN. Research & Consulting Services ranks 15th of 23 industries in Industrials by median 5Y return. The sector’s gains have largely come from elsewhere.
Share of Research & Consulting Services constituents that BAH has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
50%
of 14 industry peers · 0.5% return
3Y
38%
of 13 industry peers · -27.3% return
5Y
75%
of 12 industry peers · 8.5% return
Research & Consulting Services peers with revenue growth within 4pp of BAH's that beat it on at least 2 of 3 windows, and by at least 20pp over 5Y. Growth is matched by construction, so the gap is largely a re-rating gap. The multiple column is the context for it.
Ticker Name Rev Growth 3Y Avg P/E 1Y3Y5Y 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
Price returns, excluding dividends. P/E shown for context only and not used for matching.
Median price return by industry across the Industrials sector, ranked by 5Y. Research & Consulting Services is BAH's own industry. Use this to see which corners of the sector have carried the returns.
Industry Names 1Y med3Y med5Y 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%
Median of constituents with a full price history over each window. Top names are limited to companies above $2B market cap.

Latest Trefis Analyses

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

BAHLDOSCACISAICACNGDMedian
NameBooz All.Leidos CACI Int.Science .AccentureGeneral . 
Mkt Price85.39132.68611.66147.16260.28354.40203.72
Mkt Cap10.216.513.56.2156.595.815.0
Rev LTM10,98117,7959,7557,40274,18356,52014,388
Op Inc LTM1,0172,10795559211,7145,8591,562
FCF LTM9841,95977661911,6215,7791,472
FCF 3Y Avg9081,55559647810,3704,2911,232
CFO LTM1,0762,11287766012,3637,3061,594
CFO 3Y Avg1,0011,70967451310,9905,3911,355

Growth & Margins

BAHLDOSCACISAICACNGDMedian
NameBooz All.Leidos CACI Int.Science .AccentureGeneral . 
Rev Chg LTM-6.2%2.7%10.1%-0.8%6.5%9.7%4.6%
Rev Chg 3Y Avg3.4%5.5%12.0%-1.2%5.0%10.9%5.3%
Rev Chg Q-3.9%3.6%8.2%6.3%6.2%12.9%6.2%
QoQ Delta Rev Chg LTM-1.0%0.9%2.0%1.5%1.5%3.0%1.5%
Op Inc Chg LTM-8.0%3.4%19.9%6.1%14.6%10.0%8.0%
Op Inc Chg 3Y Avg43.5%20.4%18.7%4.0%10.0%11.9%15.3%
Op Mgn LTM9.3%11.8%9.8%8.0%15.8%10.4%10.1%
Op Mgn 3Y Avg10.1%11.5%9.2%7.4%15.1%10.3%10.2%
QoQ Delta Op Mgn LTM-0.2%0.0%0.2%0.1%0.9%0.0%0.1%
CFO/Rev LTM9.8%11.9%9.0%8.9%16.7%12.9%10.8%
CFO/Rev 3Y Avg8.8%9.9%7.5%6.9%15.7%10.3%9.4%
FCF/Rev LTM9.0%11.0%8.0%8.4%15.7%10.2%9.6%
FCF/Rev 3Y Avg8.0%9.0%6.7%6.5%14.8%8.2%8.1%

Valuation

BAHLDOSCACISAICACNGDMedian
NameBooz All.Leidos CACI Int.Science .AccentureGeneral . 
Mkt Cap10.216.513.56.2156.595.815.0
P/S0.90.91.40.82.11.71.2
P/Op Inc10.07.814.210.513.416.312.0
P/EBIT9.58.114.210.613.416.012.0
P/E13.011.625.016.418.720.617.6
P/CFO9.57.815.49.512.713.111.1
Total Yield10.5%9.9%4.0%7.2%7.9%6.6%7.5%
Dividend Yield2.8%1.3%0.0%1.1%2.5%1.7%1.5%
FCF Yield 3Y Avg7.6%8.2%5.0%9.3%7.2%4.8%7.4%
D/E0.50.40.40.40.10.10.4
Net D/E0.40.40.40.40.00.00.4

Returns

BAHLDOSCACISAICACNGDMedian
NameBooz All.Leidos CACI Int.Science .AccentureGeneral . 
1M Rtn17.2%11.3%2.0%13.8%25.9%7.9%12.5%
3M Rtn13.1%-3.2%-5.1%16.6%49.3%-9.2%4.9%
6M Rtn12.5%2.7%27.2%57.6%47.2%3.2%19.8%
12M Rtn0.5%-31.9%3.8%62.4%9.6%4.2%4.0%
3Y Rtn-27.2%33.2%89.6%38.2%-12.1%55.2%35.7%
1M Excs Rtn22.2%16.3%7.1%18.8%30.9%13.0%17.6%
3M Excs Rtn15.3%0.5%-0.8%22.5%52.0%-5.2%7.9%
6M Excs Rtn12.8%3.0%27.5%57.9%47.5%3.5%20.1%
12M Excs Rtn-7.0%-39.7%-4.6%53.1%0.1%-3.3%-4.0%
3Y Excs Rtn-100.7%-38.5%14.6%-35.2%-81.1%-19.4%-36.8%

Comparison Analyses

Financials

Segment Financials

Revenue by Segment
$ Mil20262025202420232022
Single Segment11,21711,98010,6629,2598,364
Total11,21711,98010,6629,2598,364


Price Behavior

Price Behavior
Market Price$85.35 
Market Cap ($ Bil)10.2 
First Trading Date11/17/2010 
Distance from 52W High-14.6% 
   50 Days200 Days
DMA Price$76.39$75.60
DMA Trendupdown
Distance from DMA11.7%12.9%
 3M1YR
Volatility37.0%41.9%
Downside Capture-30.3042.24
Upside Capture35.4039.72
Correlation (S&P 500)-7.8%3.2%
BAH Betas & Captures as of 10/31/2026

 1M2M3M6M1Y3Y
Beta-0.98-0.470.17-0.050.130.32
Up Beta-1.87-0.230.72-0.57-0.520.11
Down Beta-2.29-2.72-1.950.100.160.29
Up Capture184%75%121%16%28%12%
Bmk +ve Days12182862130427
Stock +ve Days14223562125381
Down Capture-222%-59%-23%-20%37%81%
Bmk -ve Days10253664121325
Stock -ve Days8212863125369

[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
BAH1.5%41.9%0.14-
Sector ETF (XLI)7.1%17.8%0.221.4%
Equity (SPY)9.5%13.6%0.402.7%
Gold (GLD)1.6%28.7%0.05-4.7%
Commodities (DBC)38.4%21.2%1.426.0%
Real Estate (VNQ)11.3%14.2%0.5123.9%
Bitcoin (BTCUSD)-27.2%43.6%-0.616.5%

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
BAH1.6%32.6%0.10-
Sector ETF (XLI)10.9%17.7%0.4526.0%
Equity (SPY)11.3%17.3%0.4821.8%
Gold (GLD)17.5%19.1%0.740.6%
Commodities (DBC)8.1%19.6%0.308.3%
Real Estate (VNQ)1.3%18.9%-0.0425.2%
Bitcoin (BTCUSD)4.0%51.6%0.2611.4%

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
BAH12.9%29.6%0.46-
Sector ETF (XLI)13.0%20.1%0.5636.1%
Equity (SPY)15.0%18.0%0.7035.8%
Gold (GLD)11.9%16.5%0.592.2%
Commodities (DBC)7.5%18.1%0.3310.4%
Real Estate (VNQ)5.9%20.7%0.2433.3%
Bitcoin (BTCUSD)60.0%66.3%1.007.8%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date10152026
Short Interest: Shares Quantity6.6 Mil
Short Interest: % Change Since 9302026-4.3%
Average Daily Volume1.9 Mil
Days-to-Cover Short Interest3.5 days
Basic Shares Quantity119.6 Mil
Short % of Basic Shares5.5%

Earnings Returns History

Updated 11/3/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
10/23/2026-0.3%7.2% 
7/24/202610.1%3.7%17.9%
5/22/20263.1%3.7%-15.7%
1/23/20266.8%-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%
1/31/20250.1%0.2%-20.0%
...
SUMMARY STATS   
# Positive131312
# Negative111111
Median Positive6.1%6.9%5.3%
Median Negative-4.6%-6.9%-15.7%
Max Positive13.6%15.4%21.9%
Max Negative-16.5%-17.7%-22.0%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
10/23/2026-0.3%7.2% 
7/24/202610.1%3.7%17.9%
5/22/20263.1%3.7%-15.7%
1/23/20266.8%-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%
1/31/20250.1%0.2%-20.0%
10/25/20249.2%9.1%-10.1%
7/26/2024-8.9%-6.9%1.2%
5/24/20244.0%-0.1%3.6%
1/26/202413.6%10.3%15.0%
10/27/2023-3.3%1.1%5.8%
7/28/20236.1%9.3%0.9%
5/26/20237.1%15.4%21.9%
1/27/2023-4.6%-1.8%-1.4%
10/28/20224.9%4.9%4.1%
7/29/20220.4%-0.6%1.8%
5/20/2022-2.5%6.9%4.8%
1/28/2022-8.3%-6.7%-1.1%
10/29/20217.8%8.5%7.3%
7/30/2021-4.3%-8.6%-8.5%
5/21/20211.9%4.1%8.0%
1/29/2021-10.7%-12.6%-16.4%
SUMMARY STATS   
# Positive131312
# Negative111111
Median Positive6.1%6.9%5.3%
Median Negative-4.6%-6.9%-15.7%
Max Positive13.6%15.4%21.9%
Max Negative-16.5%-17.7%-22.0%

SEC Filings

Expand for More
Report DateFiling DateFiling
09/30/202610/23/202610-Q
06/30/202607/24/202610-Q
03/31/202605/22/202610-K
12/31/202501/23/202610-Q
09/30/202510/24/202510-Q
06/30/202507/25/202510-Q
03/31/202505/23/202510-K
12/31/202401/31/202510-Q
09/30/202410/25/202410-Q
06/30/202407/26/202410-Q
03/31/202405/24/202410-K
12/31/202301/26/202410-Q
09/30/202310/27/202310-Q
06/30/202307/28/202310-Q
03/31/202305/26/202310-K
12/31/202201/27/202310-Q
Collapse to Preview
Report DateFiling DateFiling
09/30/202610/23/202610-Q
06/30/202607/24/202610-Q
03/31/202605/22/202610-K
12/31/202501/23/202610-Q
09/30/202510/24/202510-Q
06/30/202507/25/202510-Q
03/31/202505/23/202510-K
12/31/202401/31/202510-Q
09/30/202410/25/202410-Q
06/30/202407/26/202410-Q
03/31/202405/24/202410-K
12/31/202301/26/202410-Q
09/30/202310/27/202310-Q
06/30/202307/28/202310-Q
03/31/202305/26/202310-K
12/31/202201/27/202310-Q
09/30/202210/28/202210-Q
06/30/202207/29/202210-Q
03/31/202205/20/202210-K
12/31/202101/28/202210-Q
09/30/202110/29/202110-Q
06/30/202107/30/202110-Q
03/31/202105/21/202110-K
12/31/202001/29/202110-Q
09/30/202010/30/202010-Q
06/30/202007/31/202010-Q
03/31/202005/26/202010-K
12/31/201901/31/202010-Q

Recent Forward Guidance

Updated 11/2/2026

Latest: Q2 2027 Earnings Reported 10/23/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
Q3 2027 Quarterly DividendReported 0.59    
2027 RevenueReported11.30 Bil11.45 Bil11.60 Bil0.0% AffirmedGuidance: 11.45 Bil for 2027
2027 Revenue GrowthReported1.0%2.0%3.0% 0.0%AffirmedGuidance: 2.0% for 2027
2027 Adjusted EBITDAReported1.26 Bil1.27 Bil1.29 Bil0.8% RaisedGuidance: 1.26 Bil for 2027
2027 Adjusted EBITDA Margin on RevenueReported 11.0%  0.0%AffirmedGuidance: 11.0% for 2027
2027 Effective Tax RateReported16.0%17.5%19.0%   
2027 Adjusted Diluted EPSReported6.56.66.76.9% RaisedGuidance: 6.18 for 2027
2027 Average Diluted Shares OutstandingReported118.00 Mil119.00 Mil120.00 Mil   
2027 Capital ExpendituresReported 200.00 Mil    
2027 Free Cash FlowReported850.00 Mil887.50 Mil925.00 Mil1.4% RaisedGuidance: 875.00 Mil for 2027


Prior: Q1 2027 Earnings Reported 7/24/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
2027 RevenueReported11.20 Bil11.45 Bil11.70 Bil0 AffirmedGuidance: 11.45 Bil for 2027
2027 Revenue GrowthReported0.0%2.0%4.0% 0AffirmedGuidance: 2.0% for 2027
2027 Adjusted EBITDAReported1.24 Bil1.26 Bil1.29 Bil0 AffirmedGuidance: 1.26 Bil for 2027
2027 Adjusted EBITDA Margin on RevenueReported 11.0%  0AffirmedGuidance: 11.0% for 2027
2027 Adjusted Diluted EPSReported66.186.350 AffirmedGuidance: 6.18 for 2027
2027 Free Cash FlowReported825.00 Mil875.00 Mil925.00 Mil0 AffirmedGuidance: 875.00 Mil for 2027

Q4 2026 Earnings Reported 5/22/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
2027 RevenueReported11.20 Bil11.45 Bil11.70 Bil0.9% Higher NewGuidance: 11.35 Bil for 2026
2027 Revenue GrowthReported0.0%2.0%4.0% 7.5%Higher NewGuidance: -5.5% for 2026
2027 Adjusted EBITDAReported1.24 Bil1.26 Bil1.29 Bil5.0% Higher NewGuidance: 1.21 Bil for 2026
2027 Adjusted EBITDA Margin on RevenueReported 11.0%    
2027 Adjusted Diluted EPSReported66.186.352.1% Higher NewGuidance: 6.05 for 2026
2027 Free Cash FlowReported825.00 Mil875.00 Mil925.00 Mil1.4% Higher NewGuidance: 862.50 Mil for 2026

Q3 2026 Earnings Reported 1/23/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
2026 RevenueReported11.30 Bil11.35 Bil11.40 Bil-0.4% LoweredGuidance: 11.40 Bil for 2026
2026 Revenue GrowthReported-6.0%-5.5%-5.0% -0.5%LoweredGuidance: -5.0% for 2026
2026 Adjusted EBITDAReported1.20 Bil1.21 Bil1.22 Bil0 AffirmedGuidance: 1.21 Bil for 2026
2026 Adjusted Diluted EPSReported5.956.056.159.0% RaisedGuidance: 5.55 for 2026
2026 Free Cash FlowReported825.00 Mil862.50 Mil900.00 Mil-4.2% LoweredGuidance: 900.00 Mil for 2026

Insider Activity

Updated 10/30/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Fitzgerald, Buffum ShannonExecutive Vice PresidentDirectSell1030202682.902,105174,504421,712Form
2Petty, JoshuaEVP & General CounselDirectSell1030202682.921,500124,380707,971Form
3Metzfield, DennisVP, PAO & ControllerDirectSell817202677.9246936,544388,743Form
4Metzfield, DennisVP, PAO & ControllerDirectSell227202678.5935027,506313,574Form
5Rozanski, HoracioPresident and CEODirectBuy1030202584.6623,8002,014,90858,224,492Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Fitzgerald, Buffum ShannonExecutive Vice PresidentDirectSell1030202682.902,105174,504421,712Form
2Petty, JoshuaEVP & General CounselDirectSell1030202682.921,500124,380707,971Form
3Metzfield, DennisVP, PAO & ControllerDirectSell817202677.9246936,544388,743Form
4Metzfield, DennisVP, PAO & ControllerDirectSell227202678.5935027,506313,574Form
5Rozanski, HoracioPresident and CEODirectBuy1030202584.6623,8002,014,90858,224,492Form

Investor Activity (13F)

Updated Nov 8, 2026
13F holdings as of Mar 31, 2026 (Q1 2026)

Active 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 ManagerValue% of PortfolioTotal PositionsQoQFiling
Black Creek Investment Management Inc.$207.4 Mil11.1%25ADD +6.1%13F
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Black Creek Investment Management Inc.$207.4 Mil11.1%25ADD +6.1%13F
Active Manager
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Black Creek Investment Management Inc.$207.4 Mil11.1%25ADD +6.1%13F
Core Cache Last Updated: 11/7/2026