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NASDAQ NMS - GLOBAL MARKET · Professional Services · CIK 0001053706
$200.94
+9.59% · delayed ~15 min
Last price from Oct 22, 2026
$1.32B market value
From CRA INTERNATIONAL, INC.'s FY2026 10-K, filed Feb 26, 2026 · read the filing
It took in $751.6M last year, which makes it a smaller company. Of every dollar it sells, about 7 cents is left as profit.
The financial picture is mixed, with profitability, growth and debt needing attention.
A conclusion from the filings, not a recommendation. Detailed figures and supporting evidence appear in their dedicated sections below.
Financial health
A mixed picture — some clear strengths and some weaknesses.
From CRA INTERNATIONAL, INC.'s FY2026 annual filing · share price scored separately
Largest year-over-year changes in FY2026
Free cash flow
$33.1M → $18.6M
Capital spending
$16.6M → $3.9M
Operating income
$70.8M → $83.1M
Profit
$46.7M → $54.8M
Measured against FY2024, from the 10-K filed Feb 26, 2026
Deteriorated: -44.0%
$33.1M to $18.6MCritical
Why it matters: Cash left after paying for the plant that produced it — the money genuinely available for dividends, buybacks or paying down debt. Harder to flatter than profit.
How the latest move compares (quote delayed ~15 min), and what was published around it
CRAI rose 9.59% on the latest quote. The S&P 500 moved −1.04%. That is 10.6 points above the market.
Expectations
Not from the filings — what other people are betting on, and what the price already assumes.
Opinions from 8 analysts covering this company, as of . Their views, not this site's.
Of 8 analysts publishing on this company, 3 say strong buy, 3 say buy and 2 say hold. Analysts are paid to publish a view and are wrong often; the split above says how much they agree with each other, which is the part a single headline rating hides.
Published by Finnhub. Analyst coverage skews towards larger companies and towards optimism — sell ratings are rare across the whole market, so a company with none is ordinary rather than endorsed.
The essentials
Each answered from the filings, with the numbers behind it.
Yes. It keeps about 7 cents of every dollar of sales as profit, earning $54.8M last year.
Slowly. Sales grew 9.3% last year.
Manageable. For every $1 it owes, it owns $1.51 in assets.
Core operating and valuation reference metrics
Whether the dividend is covered by what the business actually earns
It pays out 25 cents of every dollar of profit and keeps the rest, which leaves the payment comfortably covered. It paid out 62% of the cash its operations generated. It has paid in each of the last 9 years.
GoodFigures from the FY2026 annual filing
Last year it earned $54.8M and generated $22.4M of cash from operations.
Reported annual figures
As reported to the SEC, in USD. Hover or show sources to see where each figure came from.
| Income statement | FY202610-K · Feb 26, 2026Filing for FY2026 | FY202410-K · Feb 20, 2025Filing for FY2024 | FY202310-K · Feb 29, 2024Filing for FY2023 | FY202210-K · Mar 2, 2023Filing for FY2022 | FY202110-K · Mar 3, 2022Filing for FY2021 |
|---|---|---|---|---|---|
| RevenueWhat is this? | $751.6M | $687.4M | $624.0M | $590.9M | $508.4M |
| Cost of revenue | $519.3M | $479.9M | $439.8M | $410.1M | $370.7M |
| Gross profit | $232.3M† | $207.5M† | $184.2M† | $180.8M† | $137.7M† |
| Gross marginGross profit ÷ revenueWhat is this? | 30.9% | 30.2% | 29.5% | 30.6% | 27.1% |
| Selling, general and administrative | $135.0M | $125.0M | $115.1M | $110.1M | $90.0M |
| Operating income | $83.1M | $70.8M | $57.5M | $58.7M | $34.8M |
| Operating marginOperating income ÷ revenueWhat is this? | 11.1% | 10.3% | 9.2% | 9.9% | 6.8% |
| Interest expense | $5.4M | $4.4M | $3.8M | $1.8M | $1.2M |
| Income before tax | $76.6M | $66.2M | $52.3M | $58.8M | $33.6M |
| Net income | $54.8M | $46.7M | $38.5M | $43.6M | $24.5M |
| Net marginNet income ÷ revenueWhat is this? | 7.3% | 6.8% | 6.2% | 7.4% | 4.8% |
| Earnings per shareNet income ÷ shares outstanding at the period end — close to, but not the same as, the reported EPSWhat is this? | $8.37 | $6.89 | $5.55 | $6.10 | $3.19 |
† calculated from other reported figures, such as total liabilities as assets minus equity. There is no consecutive earlier year to compare with.
Insider activity, ownership stakes and what's coming — straight from EDGAR, before any article is written about it
Officers, directors and major shareholders must report within two business days of a trade.
Sold on the open market — 2,348 shares at $172.06 ($404.0K)
Holds 108,702 shares after this filing.
Sold on the open market
20 recent filings, newest first. Each is labelled from its form and item numbers, not from its wording.
Quarterly report for Q2 FY2026
Revenue +12.8% · Operating income +19.3% · Earnings per share +16.9% — against Q2 FY2026
Read the filingPublished results · Made a Regulation FD disclosure
Read the filingWrite down why you are following CRA INTERNATIONAL, INC., what has to go right and what would change your mind, then see each new annual report measured against it. Sign in to start one.
Go deeper
Every figure above traces back to a filing in the timeline, each linked to the document itself.
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Every company's figures are checked for internal consistency: the balance sheet adding up, figures sharing one currency, cash flow and share counts within plausible ranges, and how recent the latest annual report is. Nothing here changes a figure.
Financial figures are from CRAI's 10-K for fiscal year 2026 (period ending 2026-01-03, filed Feb 26, 2026), reported under the US GAAP taxonomy. View the source filing. Total liabilities were not tagged directly and were calculated as assets minus equity.
3 of 4 scored areas had enough reported figures to judge
The score averages profitability, growth, debt and accounting. Accounting had too few reported figures and is left out of the average rather than counted as a weakness, so a company is never marked down for a figure it did not publish. Cash generation is shown for context and already feeds profitability. Valuation is scored separately, because a share price says nothing about whether the business is sound. 8 of the 9 Piotroski checks could be evaluated. How the score works
Each year scored only from its annual report as it was first filed
| Fiscal year | Health | F-Score | Scored from |
|---|---|---|---|
| FY2026 | 6.0 | 2/3 | 10-K, filed Feb 26, 2026 |
| FY2024 | 6.0 | 7/8 | 10-K, filed Feb 20, 2025 |
| FY2023 | 6.0 | 5/8 | 10-K, filed Feb 29, 2024 |
| FY2022 | 7.3 | 7/8 | 10-K, filed Mar 2, 2023 |
| FY2021 | 6.0 | 3/3 | 10-K, filed Mar 4, 2021 |
| FY2019 | 6.0 | 4/8 | 10-K, filed Feb 27, 2020 |
A later restatement never reaches back into an earlier year, and every year is scored without a share price, so the latest point can differ a little from the headline score, which uses today's price.
Every check behind the three models, and what each one tests
5 of 8 checks passed
Nine yes-or-no tests of whether this year's finances improved on last year's. One could not be evaluated and is excluded from the total rather than counted as a failure.
2.29
In the grey zone
For this model, above 2.6 is safe and below 1.1 is distress.
Distance from bankruptcy, from a model fitted on companies that did and did not go bust. It describes a balance sheet's shape today; it does not forecast a failure.
not reported — This company has not reported enough of the required figures to calculate this score.
This company has not reported enough of the required figures to calculate this score.
Screens eight accounting ratios for the pattern earnings manipulators tend to leave. A flag is a reason to read the filing closely, never evidence of wrongdoing.
Every figure above comes from the FY2026 filing as filed with the SEC.
Changed: -76.7%
$16.6M to $3.9MCritical
Why it matters: Neither good nor bad on its own. Heavy spending is a company building capacity or a company struggling to stand still, and the two look identical in this figure.
Improved: +17.5%
$70.8M to $83.1MSignificant
Why it matters: Profit from running the business, before interest and tax. Less exposed than profit to one-off financing and tax items, so a clearer read on the business itself.
Improved: +17.4%
$46.7M to $54.8MSignificant
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
Improved: +21.4%
$6.89 to $8.37Significant
Why it matters: Profit divided by the shares in issue at the period end, so it sits close to but not on the company's own reported figure. It can rise with no growth in profit when the company buys back stock — read it beside the share count.
Deteriorated: -31.8%
$26.7M to $18.2MSignificant
Why it matters: A falling cash pile is only a warning if the company is consuming it. Paying down debt, buying back stock and paying a dividend all reduce cash by choice.
Improved: +9.3%
$687.4M to $751.6MNotable
Why it matters: Sales are what everything else is built on. A fall can be lost customers, lower prices, or a business the company sold — the filing itself says which.
Improved: +12.0%
$207.5M to $232.3MNotable
Why it matters: What is left of sales after the direct cost of producing them. It normally moves with revenue, so a move out of step with revenue is the part worth noticing.
Improved: -3.3%
6.8M to 6.5MNotable
Why it matters: The company bought back stock, so each remaining holding owns slightly more of it. Worth checking it was not funded by borrowing.
Changed: +12.4%
$12.3M to $13.8MNotable
Why it matters: Cash handed to shareholders. A rise can be a higher dividend or simply more shares, and a cut is a decision the company explains in its own filing — neither is rated here.
Q2 FY2026 against Q2 FY2026, from the 10-Q filed Aug 6, 2026 — read it.
Improved: +19.3%
$19.7M to $23.5MSignificant
Why it matters: Profit from running the business, before interest and tax. Less exposed than profit to one-off financing and tax items, so a clearer read on the business itself.
Improved: +16.9%
$1.85 to $2.16Significant
Why it matters: Profit divided by the shares in issue at the period end, so it sits close to but not on the company's own reported figure. It can rise with no growth in profit when the company buys back stock — read it beside the share count.
Improved: +12.8%
$186.9M to $210.8MNotable
Why it matters: Sales are what everything else is built on. A fall can be lost customers, lower prices, or a business the company sold — the filing itself says which.
Improved: +6.4%
$58.3M to $62.1MNotable
Why it matters: What is left of sales after the direct cost of producing them. It normally moves with revenue, so a move out of step with revenue is the part worth noticing.
Improved: +11.4%
$12.1M to $13.5MNotable
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
Deteriorated: −1.8 pts
31.2% to 29.4%Notable
Why it matters: What survives each sale before overheads. Falling gross margin usually means the company is discounting or its input costs rose — it is the earliest place pricing pressure shows.
Improved: +10.3%
$19.4M to $21.4MNotable
Why it matters: A falling cash pile is only a warning if the company is consuming it. Paying down debt, buying back stock and paying a dividend all reduce cash by choice.
Improved: -4.7%
6.6M to 6.3MNotable
Why it matters: The company bought back stock, so each remaining holding owns slightly more of it. Worth checking it was not funded by borrowing.
Q2 FY2026 against Q1 FY2026, from the 10-Q filed Aug 6, 2026 — read it. Quarter-to-quarter moves include seasonal swings — a retailer's holiday quarter — which the year-earlier comparison removes.
Improved: +30.6%
$18.0M to $23.5MSignificant
Why it matters: Profit from running the business, before interest and tax. Less exposed than profit to one-off financing and tax items, so a clearer read on the business itself.
Improved: +21.3%
$11.1M to $13.5MSignificant
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
Improved: +25.0%
$1.73 to $2.16Significant
Why it matters: Profit divided by the shares in issue at the period end, so it sits close to but not on the company's own reported figure. It can rise with no growth in profit when the company buys back stock — read it beside the share count.
Deteriorated: -34.0%
$32.5M to $21.4MSignificant
Why it matters: A falling cash pile is only a warning if the company is consuming it. Paying down debt, buying back stock and paying a dividend all reduce cash by choice.
Improved: +11.0%
$55.9M to $62.1MNotable
Why it matters: What is left of sales after the direct cost of producing them. It normally moves with revenue, so a move out of step with revenue is the part worth noticing.
Improved: +1.6 pts
27.8% to 29.4%Notable
Why it matters: What survives each sale before overheads. Falling gross margin usually means the company is discounting or its input costs rose — it is the earliest place pricing pressure shows.
Improved: +2.2 pts
9.0% to 11.2%Notable
Why it matters: What survives each sale after running the business. A falling operating margin beside a steady gross margin points at overheads — wages, marketing, research — rather than pricing.
Improved: -2.9%
6.4M to 6.3MNotable
Why it matters: The company bought back stock, so each remaining holding owns slightly more of it. Worth checking it was not funded by borrowing.
3 other measures barely moved. Figures compare the two most recent annual filings — read the latest one. Moves are graded on fixed lines — 5%, 15% and 40% for amounts, and 1, 3 and 8 points for margins — as notable, significant or critical. Nothing here reads the management commentary, which is where a company explains its own numbers.
These coincide with the move in time. None is presented as its cause: a price can move on news that names no company, on the wider market, or on trading that no document records.
Filter by minute, hour, day or week — or compare against peers
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Measured on and published about a week later — this is a fortnightly snapshot, not a live position.
About 4.4% of this company's shares have been borrowed and sold by people expecting to buy them back cheaper. That is a bet the price falls. Those people can be wrong, and when a heavily shorted share rises they have to buy it back, which pushes it up further.
Collected by FINRA from broker-dealers twice a month. It counts positions, not intentions, and some of it is hedging rather than a directional bet against the company.
Nothing in this section is a figure this company reported about itself. These are expectations and positions — what the price implies, what analysts have published, what short sellers are betting, and what large funds held at the last count. WylthIQ reports them; it does not endorse them, does not forecast prices, and takes no view on whether any of them will turn out to be right.
The trailing P/E is 27.3x — investors pay $27.3 for each $1 of trailing profit.
This company has not reported enough of the required figures to calculate this score.
Holds 103,850 shares after this filing.
Sold on the open market — 268 shares at $174.13 ($46.7K)
Holds 103,582 shares after this filing.
Sold on the open market — 32 shares at $174.78 ($5.6K)
Holds 103,550 shares after this filing.
Sold on the open market — 543 shares at $172.30 ($93.6K)
Holds 12,860 shares after this filing.
Sold on the open market — 1,307 shares at $173.34 ($226.5K)
Holds 11,553 shares after this filing.
Sold on the open market — 400 shares at $174.26 ($69.7K)
Holds 11,153 shares after this filing.
Notice filed ahead of a planned sale — the sale itself has not necessarily happened yet.
Filed notice to sell 7,500 shares ($1.3M) on or after .
Shares originally obtained via PRSU Vesting.
Filed notice to sell 2,250 shares ($389.8K) on or after .
Shares originally obtained via RSU Vesting.
Filed notice to sell 88 shares ($14.6K) on or after .
Shares originally obtained via Restricted Stock Vesting.
Filed notice to sell 124 shares ($21.5K) on or after .
Shares originally obtained via Restricted Stock Vesting.
Not investment advice, and not a signal to act on by itself — a filing says what happened, not why, and insiders trade for ordinary reasons having nothing to do with where they think the company is headed.
Held a shareholder vote
Quarterly report for Q1 FY2026
Revenue +10.5% · Operating margin −5.1 pts · Free cash flow $35.6M wider — against Q1 FY2026
Read the filingPublished results · Made a Regulation FD disclosure
Read the filingProxy statement for a shareholder meeting
Read the filingHad a director or senior officer leave or join · Made a Regulation FD disclosure
Read the filingAnnual report for FY2026
Read the filingPublished results · Made a Regulation FD disclosure
Read the filingQuarterly report for Q3 FY2026
Revenue +10.8% · Operating margin −1.7 pts · Operating income -6.4% — against Q3 FY2024
Read the filingPublished results · Made a Regulation FD disclosure
Read the filingQuarterly report for Q2 FY2026
Revenue +9.0% · Operating margin +4.0 pts · Operating income +74.8% — against Q2 FY2024
Read the filingPublished results · Made a Regulation FD disclosure
Read the filingHad a director or senior officer leave or join · Held a shareholder vote · Made a Regulation FD disclosure
Read the filingQuarterly report for Q1 FY2026
Revenue +5.9% · Operating margin +2.6 pts · Gross profit +16.2% — against Q1 FY2024
Read the filingPublished results · Made a Regulation FD disclosure
Read the filingProxy statement for a shareholder meeting
Read the filingHad a director or senior officer leave or join · Made a Regulation FD disclosure
Read the filingAnnual report for FY2024
Revenue +10.2% · Operating margin +1.1 pts · Free cash flow -42.6% — against FY2023
Read the filingPublished results · Made a Regulation FD disclosure
Read the filingYahoo ·
Primary sources and further research