Booz Allen Hamilton (BAH)


Market Price (9/11/2026): $76.0 | Market Cap: $9.1 BilSector: Industrials | Industry: Research & Consulting Services

Booz Allen Hamilton (BAH)


Market Price (9/11/2026): $76.0
Market Cap: $9.1 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 12%, Dividend Yield is 3.1%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 7.3%, FCF Yield is 12%

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 11%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 10%

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 -87%, 3Y Excs Rtn is -99%

Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -7.3%, Rev Chg QQuarterly Revenue Change % is -4.2%

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 12%, Dividend Yield is 3.1%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 7.3%, FCF Yield is 12%
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 11%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 10%
2 Stock buyback support
Stock Buyback 3Y Total is 1.8 Bil
3 Low stock price volatility
Vol 12M is 42%
4 Megatrend and thematic drivers
Megatrends include Cybersecurity, Artificial Intelligence, and Cloud Computing. Themes include Cloud Security, Show more.
5 Weak multi-year price returns
2Y Excs Rtn is -87%, 3Y Excs Rtn is -99%
6 Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -7.3%, Rev Chg QQuarterly Revenue Change % is -4.2%
7 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%
ITOT0.01%
IWB0.01%
IJH0.24%
SCHD0.22%
VIG0.04%
VYM0.03%
VB0.10%
+25 more covered ETFs

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

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Updated on 9/1/2026

Booz Allen Hamilton (BAH) stock has lost about 5% since 5/31/2026 because of the following key factors:

1. Revenue Underperformance and Civil Sector Weakness in Fiscal Q1 2027.

Booz Allen Hamilton reported a 4.2% year-over-year revenue decrease to $2.80 billion for fiscal Q1 2027 (ended June 30, 2026), slightly missing Wall Street estimates of $2.81 billion. This underperformance was primarily driven by a significant 16% year-over-year decline in the Civil business, with management anticipating further double-digit sequential declines in this segment for fiscal Q2.

2. Analyst Downgrades and Negative Sentiment.

The consensus analyst recommendation for Booz Allen Hamilton shifted to a 'Reduce' rating by July 17, 2026, marking a decline in "buy" ratings from 29% in June 2025 to 14% by March 2026. This sentiment shift was accompanied by several analysts reducing their price targets for the stock in July 2026, reflecting growing concerns over margin compression, elevated debt, and a slowdown in growth.

Show more
Updated on 9/1/2026

Booz Allen Hamilton (BAH) stock has lost about 5% since 5/31/2026 because of the following key factors:

1. Revenue Underperformance and Civil Sector Weakness in Fiscal Q1 2027.

Booz Allen Hamilton reported a 4.2% year-over-year revenue decrease to $2.80 billion for fiscal Q1 2027 (ended June 30, 2026), slightly missing Wall Street estimates of $2.81 billion. This underperformance was primarily driven by a significant 16% year-over-year decline in the Civil business, with management anticipating further double-digit sequential declines in this segment for fiscal Q2.

2. Analyst Downgrades and Negative Sentiment.

The consensus analyst recommendation for Booz Allen Hamilton shifted to a 'Reduce' rating by July 17, 2026, marking a decline in "buy" ratings from 29% in June 2025 to 14% by March 2026. This sentiment shift was accompanied by several analysts reducing their price targets for the stock in July 2026, reflecting growing concerns over margin compression, elevated debt, and a slowdown in growth.

3. Broad Government Procurement Slowdown and Headcount Reductions.

A general slowdown in government procurement activity and a cautious federal funding environment significantly impacted the company's revenue, particularly within its Civil segment. Concurrently, Booz Allen reduced its total headcount by 7.5% year-over-year, standing at approximately 30,900 employees as of June 30, 2026, which further contributed to the observed top-line pressure.

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Stock Movement Drivers

Fundamental Drivers

The -3.0% change in BAH stock from 5/31/2026 to 9/10/2026 was primarily driven by a -7.6% change in the company's Net Income Margin (%).
(LTM values as of)53120269102026Change
Stock Price ($)78.0075.68-3.0%
Change Contribution By: 
Total Revenues ($ Mil)11,21711,093-1.1%
Net Income Margin (%)7.6%7.0%-7.6%
P/E Multiple11.011.75.8%
Shares Outstanding (Mil)1201200.4%
Cumulative Contribution-3.0%

LTM = Last Twelve Months as of date shown

Market Drivers

5/31/2026 to 9/10/2026
ReturnCorrelation
BAH-3.0% 
Market (SPY)0.2%4.4%
Sector (XLI)-1.5%-7.2%

Fundamental Drivers

The -2.5% change in BAH stock from 2/28/2026 to 9/10/2026 was primarily driven by a -4.6% change in the company's Net Income Margin (%).
(LTM values as of)22820269102026Change
Stock Price ($)77.6575.68-2.5%
Change Contribution By: 
Total Revenues ($ Mil)11,40911,093-2.8%
Net Income Margin (%)7.4%7.0%-4.6%
P/E Multiple11.211.74.1%
Shares Outstanding (Mil)1211200.9%
Cumulative Contribution-2.5%

LTM = Last Twelve Months as of date shown

Market Drivers

2/28/2026 to 9/10/2026
ReturnCorrelation
BAH-2.5% 
Market (SPY)10.8%-4.7%
Sector (XLI)-3.4%-9.2%

Fundamental Drivers

The -28.3% change in BAH stock from 8/31/2025 to 9/10/2026 was primarily driven by a -19.4% change in the company's Net Income Margin (%).
(LTM values as of)83120259102026Change
Stock Price ($)105.5975.68-28.3%
Change Contribution By: 
Total Revenues ($ Mil)11,96211,093-7.3%
Net Income Margin (%)8.7%7.0%-19.4%
P/E Multiple12.611.7-7.3%
Shares Outstanding (Mil)1241203.5%
Cumulative Contribution-28.3%

LTM = Last Twelve Months as of date shown

Market Drivers

8/31/2025 to 9/10/2026
ReturnCorrelation
BAH-28.3% 
Market (SPY)18.5%5.1%
Sector (XLI)13.4%5.4%

Fundamental Drivers

The -29.0% change in BAH stock from 8/31/2023 to 9/10/2026 was primarily driven by a -75.4% change in the company's P/E Multiple.
(LTM values as of)83120239102026Change
Stock Price ($)106.5375.68-29.0%
Change Contribution By: 
Total Revenues ($ Mil)9,66411,09314.8%
Net Income Margin (%)3.0%7.0%130.5%
P/E Multiple47.511.7-75.4%
Shares Outstanding (Mil)1311209.2%
Cumulative Contribution-29.0%

LTM = Last Twelve Months as of date shown

Market Drivers

8/31/2023 to 9/10/2026
ReturnCorrelation
BAH-29.0% 
Market (SPY)74.2%15.3%
Sector (XLI)64.1%18.3%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
BAH Return-1%26%24%2%-33%-12%-7%
Peers Return18%11%13%11%12%-3%78%
S&P 500 Return27%-19%24%23%16%12%103%

Monthly Win Rates [3]
BAH Win Rate58%58%67%67%42%44% 
Peers Win Rate58%55%60%67%53%49% 
S&P 500 Win Rate75%42%67%75%67%44% 

Max Drawdowns [4]
BAH Max Drawdown-21%-21%-15%-31%-43%-41% 
Peers Max Drawdown-16%-22%-18%-26%-27%-36% 
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 9/10/2026 (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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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 67% of its 12 Research & Consulting Services peers over 5Y. Research & Consulting Services ranks 16th 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
21%
of 14 industry peers · -24.0% return
3Y
38%
of 13 industry peers · -28.6% return
5Y
67%
of 12 industry peers · 2.5% return
No Research & Consulting Services peer with a comparable growth profile has beaten BAH by more than 20pp over 5Y.
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
Construction & Engineering 31 6.7%106.6%186.1% CDNL 2524% · FIX 2164% · STRL 2119%
Marine Transportation 5 71.5%63.4%169.6% HOS 47268% · MATX 180% · KEX 170%
Construction Machinery & Heavy Transportation Equipment 13 9.8%60.5%118.8% CAT 328% · ALSN 281% · WAB 223%
Aerospace & Defense 55 -2.4%55.8%73.2% ATI 1049% · FTAI 890% · HWM 641%
Passenger Ground Transportation 3 -20.8%32.6%54.0% UBER 82% · CAR 54% · LYFT -70%
Rail Transportation 7 34.2%69.5%45.3% FSTR 140% · CSX 70% · UNP 54%
Trading Companies & Distributors 19 2.8%34.1%38.5% DXPE 563% · AIT 286% · WCC 214%
Industrial Machinery & Supplies & Components 71 4.4%44.2%35.8% CRS 1402% · PSIX 946% · GHM 595%
Cargo Ground Transportation 16 39.9%3.6%34.1% XPO 256% · R 249% · CVLG 230%
Diversified Support Services 33 9.3%25.8%27.6% LIME 3705% · TH 395% · WLFC 371%
Electrical Components & Equipment 41 14.2%53.1%19.9% POWL 2198% · BE 1218% · VRT 916%
Building Products 33 -11.6%-1.2%11.8% LMB 580% · GFF 397% · PPIH 297%
Agricultural & Farm Machinery 17 14.7%-0.7%-6.3% BLBD 222% · DE 99% · GENC 58%
Industrial Conglomerates 17 8.0%11.8%-6.6% RCMT 548% · CSW 130% · CSL 75%
Environmental & Facilities Services 29 -11.4%23.5%-10.9% CECO 996% · ADUR 387% · NVRI 365%
Research & Consulting Services ← 13 -10.0%-23.6%-11.5% HURN 204% · CRAI 92% · GRNQ 65%
Data Processing & Outsourced Services 6 -32.6%-15.0%-26.0% EXLS 42% · BR 9% · G -26%
Passenger Airlines 11 -0.4%-4.8%-28.5% LTM 3259% · UAL 140% · SKYW 121%
Office Services & Supplies 9 8.3%26.9%-33.0% PBI 195% · TILE 142% · HNI 53%
Human Resource & Employment Services 22 5.3%-22.2%-38.2% BBSI 82% · ADP 47% · PAYX 22%
Security & Alarm Services 10 -33.0%5.7%-38.5% CIX 142% · MG 111% · NL 72%
Air Freight & Logistics 12 -9.8%-25.0%-39.5% CHRW 94% · FDX 66% · EXPD 59%
Airport Services 3 -69.9%-80.2%-58.7% JOBY -32% · ASLE -59% · UP -100%
Median of constituents with a full price history over each window. Top names are unfiltered by size in this render.

Latest Trefis Analyses

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

BAHLDOSCACISAICACNGDMedian
NameBooz All.Leidos CACI Int.Science .AccentureGeneral . 
Mkt Price75.68129.55624.01128.76177.91354.25153.73
Mkt Cap9.116.313.85.5108.995.715.1
Rev LTM11,09317,6349,5687,40273,10154,86114,364
Op Inc LTM1,0552,08092059211,5155,6631,568
FCF LTM1,1162,16378061912,5826,4471,640
FCF 3Y Avg7991,64556547810,4984,2461,222
CFO LTM1,2032,30088766013,1827,7051,752
CFO 3Y Avg8871,80064451311,0945,2611,344

Growth & Margins

BAHLDOSCACISAICACNGDMedian
NameBooz All.Leidos CACI Int.Science .AccentureGeneral . 
Rev Chg LTM-7.3%3.4%10.9%-0.8%6.7%9.1%5.1%
Rev Chg 3Y Avg5.1%5.9%12.6%-1.2%4.8%10.3%5.5%
Rev Chg Q-4.2%7.2%17.6%6.3%5.6%8.1%6.7%
QoQ Delta Rev Chg LTM-1.1%1.8%4.4%1.5%1.4%2.0%1.6%
Op Inc Chg LTM-23.1%2.9%20.4%6.1%8.3%9.4%7.2%
Op Inc Chg 3Y Avg42.6%21.9%17.5%4.0%5.7%10.3%13.9%
Op Mgn LTM9.5%11.8%9.6%8.0%15.8%10.3%10.0%
Op Mgn 3Y Avg10.1%11.2%9.0%7.4%15.6%10.2%10.2%
QoQ Delta Op Mgn LTM0.3%-0.4%0.3%0.1%0.1%0.1%0.1%
CFO/Rev LTM10.8%13.0%9.3%8.9%18.0%14.0%11.9%
CFO/Rev 3Y Avg7.8%10.6%7.4%6.9%16.1%10.3%9.0%
FCF/Rev LTM10.1%12.3%8.2%8.4%17.2%11.8%10.9%
FCF/Rev 3Y Avg7.0%9.7%6.5%6.5%15.2%8.3%7.6%

Valuation

BAHLDOSCACISAICACNGDMedian
NameBooz All.Leidos CACI Int.Science .AccentureGeneral . 
Mkt Cap9.116.313.85.5108.995.715.1
P/S0.80.91.40.71.51.71.2
P/Op Inc8.67.815.09.29.516.99.3
P/EBIT8.28.115.09.310.016.59.6
P/E11.711.925.714.414.021.314.2
P/CFO7.57.115.68.38.312.48.3
Total Yield11.6%9.8%3.9%8.2%10.8%6.4%9.0%
Dividend Yield3.1%1.3%0.0%1.2%3.6%1.7%1.5%
FCF Yield 3Y Avg8.1%10.2%5.6%9.3%8.9%4.9%8.5%
D/E0.50.40.40.50.10.10.4
Net D/E0.40.40.40.5-0.00.10.4

Returns

BAHLDOSCACISAICACNGDMedian
NameBooz All.Leidos CACI Int.Science .AccentureGeneral . 
1M Rtn-2.9%-8.0%-6.5%2.7%-1.1%-9.6%-4.7%
3M Rtn-1.2%6.5%18.8%12.4%7.5%-0.9%7.0%
6M Rtn-0.4%-25.0%1.9%41.7%-7.4%0.6%0.1%
12M Rtn-24.0%-27.4%28.3%26.7%-24.4%11.6%-6.2%
3Y Rtn-28.6%39.8%95.7%21.3%-41.6%73.8%30.5%
1M Excs Rtn-1.2%-6.3%-4.8%4.5%0.7%-7.8%-3.0%
3M Excs Rtn-5.8%2.4%15.3%8.6%1.1%-0.1%1.7%
6M Excs Rtn-10.9%-36.9%-8.8%29.5%-21.9%-11.0%-10.9%
12M Excs Rtn-41.0%-43.4%13.5%10.5%-43.6%-4.4%-22.7%
3Y Excs Rtn-98.7%-31.3%23.0%-54.5%-110.5%-0.5%-42.9%

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$75.68 
Market Cap ($ Bil)9.1 
First Trading Date11/17/2010 
Distance from 52W High-25.5% 
   50 Days200 Days
DMA Price$70.68$77.63
DMA Trenddownup
Distance from DMA7.1%-2.5%
 3M1YR
Volatility43.9%41.6%
Downside Capture7.6546.22
Upside Capture0.415.37
Correlation (SPY)3.4%6.3%
BAH Betas & Captures as of 8/31/2026

 1M2M3M6M1Y3Y
Beta1.710.650.23-0.120.170.36
Up Beta1.37-0.64-0.84-0.70-0.500.12
Down Beta4.442.460.930.410.600.38
Up Capture202%160%22%-7%0%13%
Bmk +ve Days10213268138427
Stock +ve Days13232864121382
Down Capture95%-43%43%-6%58%85%
Bmk -ve Days11213259113324
Stock -ve Days7183562129367

[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-24.5%41.5%-0.57-
Sector ETF (XLI)14.8%17.2%0.635.8%
Equity (SPY)17.6%12.8%0.995.8%
Gold (GLD)18.7%29.2%0.59-3.0%
Commodities (DBC)47.9%20.4%1.815.5%
Real Estate (VNQ)6.6%13.6%0.2223.0%
Bitcoin (BTCUSD)-29.9%43.8%-0.6812.4%

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
BAH0.3%32.2%0.05-
Sector ETF (XLI)12.0%17.6%0.5227.8%
Equity (SPY)12.4%17.2%0.5523.2%
Gold (GLD)18.5%18.8%0.800.3%
Commodities (DBC)11.5%19.5%0.468.3%
Real Estate (VNQ)0.7%18.9%-0.0724.9%
Bitcoin (BTCUSD)9.9%52.6%0.3712.6%

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
BAH11.5%29.3%0.42-
Sector ETF (XLI)13.1%20.1%0.5737.2%
Equity (SPY)15.1%17.9%0.7136.9%
Gold (GLD)12.2%16.3%0.612.3%
Commodities (DBC)8.4%18.1%0.3810.4%
Real Estate (VNQ)4.6%20.7%0.1933.7%
Bitcoin (BTCUSD)63.4%66.2%1.038.1%

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

Short Interest

Short Interest: As Of Date8142026
Short Interest: Shares Quantity7.7 Mil
Short Interest: % Change Since 7312026-7.2%
Average Daily Volume1.8 Mil
Days-to-Cover Short Interest4.4 days
Basic Shares Quantity120.0 Mil
Short % of Basic Shares6.4%

Earnings Returns History

Updated 8/26/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
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%
...
SUMMARY STATS   
# Positive151414
# Negative101111
Median Positive5.2%6.8%6.5%
Median Negative-6.4%-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
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%
10/30/20204.2%14.6%15.7%
7/31/20205.2%6.7%14.6%
SUMMARY STATS   
# Positive151414
# Negative101111
Median Positive5.2%6.8%6.5%
Median Negative-6.4%-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
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
Collapse to Preview
Report DateFiling DateFiling
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
09/30/201911/01/201910-Q

Recent Forward Guidance

Updated 7/27/2026

Latest: 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 EPSReported66.176.350 AffirmedGuidance: 6.17 for 2027
2027 Free Cash FlowReported825.00 Mil875.00 Mil925.00 Mil0 AffirmedGuidance: 875.00 Mil for 2027


Prior: 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 EPSReported66.176.352.1% 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

Q2 2026 Earnings Reported 10/24/2025

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
2026 RevenueReported11.30 Bil11.40 Bil11.50 Bil-6.9% LoweredGuidance: 12.25 Bil for 2026
2026 Revenue GrowthReported-6.0%-5.0%-4.0% -7.0%LoweredGuidance: 2.0% for 2026
2026 Adjusted EBITDAReported1.19 Bil1.21 Bil1.22 Bil-10.2% LoweredGuidance: 1.34 Bil for 2026
2026 Adjusted EBITDA Margin on RevenueReported 10.0%  -1.0%LoweredGuidance: 11.0% for 2026
2026 Adjusted Diluted EPSReported5.455.555.65-12.9% LoweredGuidance: 6.38 for 2026
2026 Free Cash FlowReported850.00 Mil900.00 Mil950.00 Mil-5.3% LoweredGuidance: 950.00 Mil for 2026

Insider Activity

Updated 8/6/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Metzfield, DennisVP, PAO & ControllerDirectSell227202678.5935027,506313,574Form
2Rozanski, HoracioPresident and CEODirectBuy1030202584.6623,8002,014,90858,224,492Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Metzfield, DennisVP, PAO & ControllerDirectSell227202678.5935027,506313,574Form
2Rozanski, HoracioPresident and CEODirectBuy1030202584.6623,8002,014,90858,224,492Form

Investor Activity (13F)

Updated Sep 11, 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: 9/10/2026