CRA International, Inc.

CRA International, Inc.

CRAI
CRA International, Inc.US flagNASDAQ Global Select
170.91
USD
-1.69
- -
1.10BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
27.61
31.43
33.69
38.2
44.63
51.52
57.38
65.44
76.24
81.86
89.04
100.78
113.17
122.43
Basic EPS, GAAP
1.13
1.4
0.85
1.52
0.92
2.77
2.64
3.15
5.61
6.04
5.49
6.84
8.25
7.6
Free Cash Flow per Basic Share
1.55
2.66
0.27
4.13
4.35
2.56
1.42
4.84
9.84
2.95
8.23
4.85
2.79
-4.27
Dividend per Share
- -
- -
- -
0.14
0.6
0.75
0.86
0.97
1.12
1.33
1.54
1.8
2.08
2.22
Book Value per Share
22.27
23.2
23.9
24.86
24.94
24.53
25.3
27.17
27.96
29.53
30.59
31.33
32.62
29.07
Tangible Book Value per Share
13.7
13.76
14.81
15.57
13.1
12.54
13.15
14.91
15.31
15.34
16
16.42
17.29
13.16
Basic Weighted Avg Shares
10
10
9
9
8
8
8
8
7
7
7
7
7
6
Sales/Revenue/Turnover
278
306
304
325
370
418
451
508
566
591
624
687
752
795
Operating Margin (%)
6.65
7.85
5.57
5.83
4.26
6.93
6.5
6.84
9.85
9.94
9.22
10.29
11.06
9.99
Depreciation Expense
6
6
7
8
9
10
21
25
26
26
26
27
30
29
Net Income, GAAP
11
14
8
13
8
22
21
25
42
44
38
47
55
49
Effective Tax Rate (%)
37.3
42.5
46.47
34.98
49.22
22.33
22.58
27.11
23.21
25.82
26.41
29.57
28.46
31.84
Profit Margin (%)
4.08
4.45
2.52
3.97
2.06
5.39
4.6
4.82
7.36
7.38
6.17
6.79
7.29
6.2
Working Capital
75
56
54
76
62
39
13
20
36
32
29
18
-27
-76
LT Debt
1
1
- -
- -
- -
- -
147
139
124
106
92
85
76
67
Total Equity
225
215
211
208
207
196
198
209
206
211
212
212
214
182
Return on Invested Capital (%)
5.42
6.37
4.31
5.97
3.94
11.37
8.31
7.1
12.2
12.97
13.09
15.92
18.47
12.11
Return on Capital (%)
5.4
6.4
4.35
5.66
3.75
11.4
7.85
7.06
12.01
13.27
12.63
15.64
17.87
11.95
Return on Common Equity (%)
5.23
6.23
3.6
6.15
3.68
11.15
10.53
12.05
20.09
20.92
18.18
22
25.74
26.03

Capital Structure

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
51
209
237
LT Borrowings
- -
- -
- -
LT Finance Leases
76
71
67
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
7
6
6
Market Capitalization
1,314
1,043
890

Working Capital

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
303
316
339
Cash, Cash Equivalents & STI
18
32
21
Accounts Receivable, Net
183
141
168
Inventories
- -
- -
- -
Total Current Liabilities
330
381
415
Payables & Accruals
61
46
37
ST Debt
51
209
237
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
0.16%
0.44%
0.72%
Free Cash Flow
159.39%
21.58%
-43.96%
Net Income, GAAP
33.45%
20.32%
17.42%
Sales/Revenue/Turnover
9.53%
8.17%
9.33%
Total Cash Common Dividend
- -
13.03%
12.45%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
172
171
168
176
687
2025
182
187
186
197
752
2026
201
211
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.98
0.96
1.69
2.22
6.84
2025
2.66
1.81
1.75
2.01
8.25
2026
1.71
2.13
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.44
0.42
0.43
0.51
1.8
2025
0.51
0.5
0.49
0.57
2.08
2026
0.58
0.57
- -
- -
- -

Company Description

CEO
Paul A. Maleh
Full Time Employees
968
Sector
Industrials
Industry
Consulting Services
Address
200 Clarendon Street Boston MA United States of America 02116-5092
IPO Date
Apr 24, 1998
Website
crai.com
Business
CRA International, Inc. (NASDAQ: CRAI), doing business as Charles River Associates, is a global consulting firm that provides economic, financial, and management consulting services to law firms, corporations, accounting firms, and governments worldwide. The company offers specialized services in litigation, regulatory, and financial consulting, including expert testimony, research, analysis, and support in areas such as antitrust and competition economics, auctions and competitive bidding, energy, finance, financial economics, forensic services, intellectual property, labor and employment, life sciences, risk investigations and analytics, and transfer pricing; management consulting services encompass strategy development, performance improvement, corporate strategy and portfolio analysis, market demand estimation, new product pricing strategies, survey and market research, and valuation of intellectual property and other assets. CRA International operates across diverse industries including blockchain and cryptocurrency, communications and media, consumer products health and wellness, energy, entertainment and leisure, financial services, healthcare, life sciences, manufacturing, natural resources, retail and distribution, technology, and transportation, serving clients primarily in North America (approximately 80% of revenue) with additional international operations through over 20 offices in 10 countries. Founded in 1965 and headquartered in Boston, Massachusetts, the firm employs around 946 professionals and maintains a presence in major global markets. In recent developments, CRA International expanded its antitrust and competition economics practice in 2025, advised on high-profile mergers such as Hologic's acquisition of Endomagnetics in July 2024 and Hershey's acquisition of LesserEvil in November 2025, reported strong Q3 2025 financial results with raised full-year revenue guidance to $740 million-$748 million, increased its quarterly cash dividend by 16% to $0.57 per share, and continued supporting clients amid a 33% rise in global M&A activity through the first nine months of 2025.

Company News

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  • Charles River Associates (CRA) Declares Quarterly Cash Dividend of $0.57 Per Common Share

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