CRA International (CRAI) Financials

$166.83 -1.68 (-1.00%)

Closing price 04/15/2025 04:00 PM Eastern

Extended Trading

$166.52 -0.31 (-0.19%)

As of 04/15/2025 05:07 PM Eastern

Annual Income Statements for CRA International

This table shows CRA International's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	14	7.66	13	7.62	22	21	25	42	44	38	47
Consolidated Net Income / (Loss)	13	6.33	14	7.70	22	21	25	42	44	38	47
Net Income / (Loss) Continuing Operations	13	6.33	14	7.70	22	21	25	42	44	38	47
Total Pre-Tax Income	23	12	22	15	29	27	34	54	59	52	66
Total Operating Income	24	12	19	16	29	29	35	56	59	58	71
Total Gross Profit	100	96	97	111	128	134	138	166	181	184	207
Total Revenue	306	304	325	370	418	451	508	566	591	624	687
Operating Revenue	306	304	325	370	418	451	508	566	591	624	687
Total Cost of Revenue	207	208	227	259	289	318	371	400	410	440	480
Operating Cost of Revenue	207	208	227	259	289	318	371	400	410	440	480
Total Operating Expenses	76	84	78	95	100	104	103	110	122	127	137
Selling, General & Admin Expense	69	72	71	87	90	94	90	97	110	115	125
Depreciation Expense	6.44	6.55	7.90	8.95	10.00	11	13	13	12	12	12
Total Other Income / (Expense), net	-0.73	-0.58	2.97	-0.63	-0.00	-2.55	-1.17	-1.46	0.06	-5.26	-4.51
Interest Expense	0.43	-0.07	0.47	0.48	0.65	1.25	1.22	0.97	1.83	3.81	4.42
Other Income / (Expense), net	-0.30	-0.65	3.44	-0.15	0.65	-1.30	0.04	-0.49	1.89	-1.45	-0.09
Income Tax Expense	9.91	5.49	7.66	7.46	6.46	6.05	9.12	13	15	14	20
Basic Earnings per Share	$1.40	$0.84	$1.50	$0.91	-	$2.63	$3.14	$5.59	$6.02	$5.48	$6.82
Weighted Average Basic Shares Outstanding	9.75M	9.01M	8.50M	8.29M	8.11M	7.87M	7.77M	7.42M	7.22M	7.01M	6.82M
Diluted Earnings per Share	$1.38	$0.83	$1.49	$0.89	-	$2.53	$3.07	$5.45	$5.91	$5.39	$6.74
Weighted Average Diluted Shares Outstanding	9.90M	9.20M	8.60M	8.50M	8.57M	8.17M	7.95M	7.62M	7.36M	7.12M	6.91M
Weighted Average Basic & Diluted Shares Outstanding	9.21M	8.93M	8.54M	8.38M	8.05M	7.85M	7.65M	7.40M	7.18M	6.96M	6.79M
Cash Dividends to Common per Share	-	-	$0.14	$0.59	$0.71	$0.83	$0.95	$1.09	$1.29	$1.50	$1.75

This table shows CRA International's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	12	8.67	8.92	9.51	8.60	11	14	6.54	11	15
Consolidated Net Income / (Loss)	12	8.67	8.92	9.51	8.60	11	14	6.54	11	15
Net Income / (Loss) Continuing Operations	12	8.67	8.92	9.51	8.60	11	14	6.54	11	15
Total Pre-Tax Income	16	11	13	14	11	16	19	9.61	16	22
Total Operating Income	15	13	14	16	11	17	20	11	18	21
Total Gross Profit	46	-163	45	49	42	49	53	46	53	56
Total Revenue	148	145	153	162	148	162	172	171	168	176
Operating Revenue	148	145	153	162	148	162	172	171	168	176
Total Cost of Revenue	102	308	108	113	106	113	119	125	115	121
Operating Cost of Revenue	102	-	108	113	106	113	119	125	115	121
Total Operating Expenses	31	-176	31	33	31	32	33	35	34	34
Selling, General & Admin Expense	28	28	28	30	28	29	30	32	31	31
Depreciation Expense	3.03	2.94	2.94	2.87	2.95	2.80	2.79	2.81	2.90	3.17
Total Other Income / (Expense), net	1.00	-2.16	-1.10	-2.30	-0.27	-1.59	-0.61	-1.67	-2.36	0.13
Interest Expense	0.67	0.48	0.57	1.62	1.03	0.60	0.46	1.48	1.46	1.01
Other Income / (Expense), net	1.67	-1.68	-0.53	-0.69	0.76	-0.99	-0.14	-0.19	-0.90	1.15
Income Tax Expense	4.02	2.47	3.68	4.10	1.93	4.10	5.32	3.08	4.59	6.60
Basic Earnings per Share	$1.66	-	$1.25	$1.36	$1.22	$1.65	$1.97	$0.96	$1.68	$2.21
Weighted Average Basic Shares Outstanding	7.12M	7.22M	7.12M	6.98M	6.98M	7.01M	6.93M	6.83M	6.76M	6.82M
Diluted Earnings per Share	$1.63	-	$1.23	$1.34	$1.21	$1.61	$1.95	$0.94	$1.67	$2.18
Weighted Average Diluted Shares Outstanding	7.25M	7.36M	7.25M	7.08M	7.08M	7.12M	7.01M	6.91M	6.84M	6.91M
Weighted Average Basic & Diluted Shares Outstanding	7.13M	7.18M	7.03M	7.00M	7.00M	6.96M	6.92M	6.78M	6.78M	6.79M

This table details how cash moves in and out of CRA International's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	-3.05	-10	15	0.51	-15	-12	20	20	-35	14	-19
Net Cash From Operating Activities	30	20	48	46	36	28	55	76	25	60	50
Net Cash From Continuing Operating Activities	30	20	48	46	36	28	59	76	25	60	50
Net Income / (Loss) Continuing Operations	13	6.33	14	7.70	22	21	25	42	44	38	47
Consolidated Net Income / (Loss)	13	6.33	14	7.70	22	21	25	42	44	38	47
Depreciation Expense	6.44	6.54	7.88	8.86	10.00	11	13	13	12	12	12
Amortization Expense	-	-	-	-	0.00	11	12	13	14	14	15
Non-Cash Adjustments To Reconcile Net Income	6.86	16	17	9.88	-12	-13	0.88	10	-11	2.60	-7.21
Changes in Operating Assets and Liabilities, net	3.45	-8.56	9.40	19	16	-1.05	8.91	-1.91	-33	-6.85	-17
Net Cash From Investing Activities	-5.86	-16	-12	-26	-15	-17	-17	-2.62	-18	-2.94	-18
Net Cash From Continuing Investing Activities	-5.86	-16	-12	-26	-15	-17	-17	-2.62	-18	-2.94	-18
Purchase of Property, Plant & Equipment	-4.19	-18	-13	-9.76	-15	-17	-17	-2.62	-3.81	-2.37	-17
Acquisitions	-1.78	-	0.00	-16	-	-	0.00	0.00	-14	-0.58	-1.50
Net Cash From Financing Activities	-26	-13	-19	-22	-36	-24	-20	-52	-39	-44	-49
Net Cash From Continuing Financing Activities	-26	-13	-19	-22	-36	-24	-20	-52	-39	-44	-49
Repayment of Debt	-0.03	-4.30	-7.58	-12	-30	-54	-77	-74	-127	-105	-102
Repurchase of Common Equity	-25	-13	-19	-20	-28	-18	-13	-45	-28	-31	-33
Payment of Dividends	-	-	-1.17	-5.48	-6.08	-6.79	-7.50	-8.29	-9.58	-11	-12
Issuance of Debt	-	4.00	7.50	12	30	54	77	74	126	105	102
Issuance of Common Equity	0.47	0.60	2.85	6.42	2.17	3.21	2.24	5.16	1.41	0.81	0.00
Other Financing Activities, net	-0.83	-0.54	-1.49	-3.26	-3.95	-2.18	-0.86	-3.89	-2.15	-3.06	-3.21
Effect of Exchange Rate Changes	-1.46	-0.94	-1.66	2.17	-	0.29	1.97	-0.63	-2.69	1.49	-1.63
Cash Interest Paid	0.44	0.24	0.41	0.31	0.51	1.16	1.16	0.73	1.58	3.54	4.15
Cash Income Taxes Paid	16	9.69	6.18	7.42	4.81	7.59	6.54	15	16	14	21

This table details how cash moves in and out of CRA International's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	8.47	7.35	4.07	-21	13	18	-8.46	-12	-0.17	2.23
Net Cash From Operating Activities	44	60	-70	5.07	65	60	-63	1.81	32	79
Net Cash From Continuing Operating Activities	44	60	-70	5.07	65	60	-63	1.81	32	79
Net Income / (Loss) Continuing Operations	12	8.67	8.92	9.51	8.60	11	14	6.54	11	15
Consolidated Net Income / (Loss)	12	8.67	8.92	9.51	8.60	11	14	6.54	11	15
Depreciation Expense	3.03	2.94	2.94	2.87	2.95	2.80	2.79	2.81	2.90	3.17
Amortization Expense	3.44	3.50	3.57	3.62	3.41	3.67	3.57	3.90	3.85	3.84
Non-Cash Adjustments To Reconcile Net Income	4.07	24	-32	0.59	2.63	32	-16	-16	-13	38
Changes in Operating Assets and Liabilities, net	21	21	-53	-12	47	10	-67	4.83	26	19
Net Cash From Investing Activities	-0.93	-4.98	-1.13	-0.72	-0.73	-0.36	-0.73	-3.82	-2.99	-11
Net Cash From Continuing Investing Activities	-0.93	-4.98	-1.13	-0.72	-0.73	-0.36	-0.73	-3.82	-2.99	-11
Purchase of Property, Plant & Equipment	-0.93	-0.81	-0.56	-0.72	-0.73	-0.36	-0.73	-2.32	-2.99	-11
Net Cash From Financing Activities	-33	-48	75	-26	-51	-43	56	-10	-30	-65
Net Cash From Continuing Financing Activities	-33	-48	75	-26	-51	-43	56	-10	-30	-65
Repayment of Debt	-80	-47	-5.00	-20	-48	-32	0.00	-6.00	-29	-67
Payment of Dividends	-2.22	-2.72	-2.70	-2.53	-2.54	-3.03	-3.08	-2.90	-2.87	-3.45
Issuance of Debt	54	2.00	105	-	-	-	70	23	2.00	7.00
Other Financing Activities, net	-0.03	-1.14	-1.87	-0.14	-0.03	-1.02	-1.63	-0.35	-0.05	-1.18
Effect of Exchange Rate Changes	-1.55	0.41	0.41	0.06	-0.31	1.33	-0.71	-0.11	1.16	-1.97
Cash Interest Paid	0.57	0.55	0.12	2.05	0.73	0.64	0.09	1.44	1.55	1.06
Cash Income Taxes Paid	3.88	4.24	1.08	5.14	3.74	4.06	1.53	11	4.40	4.36

This table presents CRA International's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	313	314	324	362	371	533	559	555	551	553	571
Total Current Assets	145	141	171	184	181	184	220	249	249	265	269
Cash & Equivalents	48	38	54	54	38	26	46	66	31	46	27
Note & Lease Receivable	2.45	4.40	5.90	5.54	6.10	6.75	15	11	9.67	8.76	6.54
Accounts Receivable	83	86	92	113	131	144	152	162	195	200	220
Prepaid Expenses	11	12	19	11	6.42	7.28	7.07	11	13	12	17
Plant, Property, & Equipment, net	15	31	36	45	48	61	63	54	46	38	45
Total Noncurrent Assets	154	142	117	133	142	288	276	252	256	250	257
Goodwill	82	77	75	89	88	89	89	89	93	94	94
Intangible Assets	4.76	3.59	2.69	9.21	7.85	6.48	5.11	4.18	8.59	7.20	7.22
Noncurrent Deferred & Refundable Income Taxes	19	19	10	8.71	9.33	11	9.67	9.32	9.16	14	17
Other Noncurrent Operating Assets	48	42	29	26	36	182	172	150	146	134	139
Total Liabilities & Shareholders' Equity	313	314	324	362	371	533	559	555	551	553	571
Total Liabilities	99	103	116	155	174	335	349	350	340	341	359
Total Current Liabilities	88	86	94	122	142	171	200	213	217	236	251
Accounts Payable	14	14	14	18	22	26	19	24	28	29	28
Accrued Expenses	67	65	75	95	108	121	136	156	156	171	181
Current Deferred Revenue	7.84	6.80	4.52	8.03	8.68	6.72	9.87	13	12	12	14
Current Employee Benefit Liabilities	0.18	0.81	0.57	0.91	3.65	4.47	21	6.10	5.69	7.58	8.92
Other Current Liabilities	-	-	-	-	-	13	14	14	16	16	19
Total Noncurrent Liabilities	10	16	22	33	32	164	149	136	123	105	108
Noncurrent Deferred & Payable Income Tax Liabilities	1.61	-	0.12	0.37	0.30	0.50	0.73	1.03	0.95	1.06	1.19
Noncurrent Employee Benefit Liabilities	3.37	4.36	6.35	12	7.96	15	9.19	11	16	12	22
Other Noncurrent Operating Liabilities	-	-	-	-	-	147	139	124	106	92	85
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	215	211	208	207	196	198	209	206	211	212	212
Total Preferred & Common Equity	214	212	207	207	196	198	209	206	211	212	212
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	214	212	207	207	196	198	209	206	211	212	212
Common Stock	73	66	54	47	23	9.27	0.50	0.00	1.74	0.00	1.66
Retained Earnings	148	155	167	169	186	200	217	216	224	224	225
Accumulated Other Comprehensive Income / (Loss)	-6.70	-9.25	-14	-9.90	-13	-12	-8.48	-9.95	-15	-12	-15

This table presents CRA International's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	554	562	551	539	553	546	582
Total Current Assets	257	258	255	249	275	271	286
Cash & Equivalents	24	36	14	28	37	25	24
Note & Lease Receivable	10	14	12	10	15	14	10
Accounts Receivable	209	197	213	193	209	217	233
Prepaid Expenses	14	12	15	17	14	16	18
Plant, Property, & Equipment, net	47	44	42	40	37	37	38
Total Noncurrent Assets	250	260	254	250	240	238	258
Goodwill	89	94	94	93	94	94	95
Intangible Assets	7.47	8.23	7.89	7.54	6.85	7.98	7.60
Noncurrent Deferred & Refundable Income Taxes	9.45	9.40	9.40	10	14	14	13
Other Noncurrent Operating Assets	144	149	143	139	126	122	143
Total Liabilities & Shareholders' Equity	554	562	551	539	553	546	582
Total Liabilities	354	365	348	331	341	354	378
Total Current Liabilities	231	254	239	224	237	253	268
Short-Term Debt	45	100	80	32	70	87	60
Accounts Payable	26	23	23	25	33	23	28
Accrued Expenses	133	104	107	138	106	113	146
Current Deferred Revenue	7.33	8.91	9.00	7.87	9.08	8.48	8.45
Current Employee Benefit Liabilities	4.20	1.44	3.52	5.55	1.59	3.98	6.47
Other Current Liabilities	15	16	16	16	17	17	19
Total Noncurrent Liabilities	123	112	109	107	104	102	110
Noncurrent Deferred & Payable Income Tax Liabilities	0.85	0.98	1.00	0.97	1.05	1.05	1.12
Noncurrent Employee Benefit Liabilities	13	8.60	10	10	14	16	19
Other Noncurrent Operating Liabilities	109	102	98	95	89	84	89
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	201	197	203	208	212	192	205
Total Preferred & Common Equity	201	197	203	208	212	192	205
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	201	197	203	208	212	192	205
Common Stock	1.03	0.00	0.47	1.36	0.00	0.00	1.31
Retained Earnings	218	211	215	221	225	205	214
Accumulated Other Comprehensive Income / (Loss)	-19	-14	-13	-15	-13	-14	-11

This table displays calculated financial ratios and metrics derived from CRA International's official financial filings.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	10.03%	-0.92%	6.99%	13.95%	12.86%	8.07%	12.63%	11.32%	4.41%	5.60%	10.17%
EBITDA Growth	21.72%	-39.41%	65.31%	-19.05%	61.71%	24.72%	20.98%	35.68%	6.61%	-5.14%	18.97%
EBIT Growth	29.50%	-50.53%	90.33%	-30.16%	89.45%	-5.17%	24.20%	58.58%	9.74%	-7.47%	25.95%
NOPAT Growth	19.07%	-52.01%	85.41%	-34.92%	180.72%	1.11%	11.62%	68.76%	1.80%	-2.81%	17.66%
Net Income Growth	19.33%	-52.82%	125.03%	-45.89%	191.81%	-7.68%	18.12%	70.07%	4.65%	-11.78%	21.24%
EPS Growth	0.00%	-39.86%	79.52%	-40.27%	0.00%	0.00%	21.34%	77.52%	8.44%	-8.80%	25.05%
Operating Cash Flow Growth	63.43%	-32.26%	135.82%	-4.79%	-21.08%	-23.09%	96.40%	38.48%	-66.81%	139.13%	-17.21%
Free Cash Flow Firm Growth	581.97%	-94.61%	2,671.17%	-70.39%	87.93%	-47.43%	276.99%	94.66%	-94.63%	1,456.11%	-44.22%
Invested Capital Growth	-3.96%	3.29%	-10.78%	-0.75%	3.43%	8.63%	-5.10%	-14.47%	28.63%	-7.34%	11.32%
Revenue Q/Q Growth	0.92%	-1.94%	2.24%	4.95%	2.89%	2.38%	3.70%	-0.47%	1.76%	2.74%	2.20%
EBITDA Q/Q Growth	2.91%	-31.61%	25.66%	-14.35%	32.45%	2.12%	6.85%	3.27%	-0.55%	5.92%	7.71%
EBIT Q/Q Growth	3.36%	-42.05%	35.90%	-21.58%	45.33%	-6.84%	9.16%	5.42%	-0.82%	8.79%	10.03%
NOPAT Q/Q Growth	-0.49%	-48.68%	57.95%	-35.44%	61.95%	-3.26%	8.41%	3.14%	3.02%	5.76%	4.72%
Net Income Q/Q Growth	0.20%	-50.03%	48.76%	-36.03%	68.05%	-9.10%	8.61%	4.94%	0.01%	7.81%	8.18%
EPS Q/Q Growth	0.00%	-38.97%	35.45%	-36.43%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	9.24%
Operating Cash Flow Q/Q Growth	-34.94%	40.53%	16.05%	15.39%	21.96%	12.79%	47.39%	-4.44%	-6.19%	-0.06%	63.55%
Free Cash Flow Firm Q/Q Growth	-45.11%	181.09%	48.35%	27.99%	130.42%	4.68%	150.48%	-3.94%	-68.50%	12.73%	55.63%
Invested Capital Q/Q Growth	-7.37%	-11.33%	-15.21%	-18.20%	-18.19%	-17.46%	-25.17%	-26.71%	-18.90%	-21.59%	-22.78%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	32.50%	31.59%	29.99%	30.06%	30.76%	29.60%	27.08%	29.31%	30.60%	29.52%	30.18%
EBITDA Margin	9.85%	6.02%	9.31%	6.61%	9.48%	10.94%	11.75%	14.32%	14.62%	13.13%	14.18%
Operating Margin	7.85%	4.08%	5.83%	4.26%	6.93%	6.50%	6.84%	9.85%	9.94%	9.22%	10.29%
EBIT Margin	7.75%	3.87%	6.88%	4.22%	7.08%	6.21%	6.85%	9.76%	10.26%	8.99%	10.28%
Profit (Net Income) Margin	4.38%	2.08%	4.38%	2.08%	5.38%	4.60%	4.82%	7.36%	7.38%	6.17%	6.79%
Tax Burden Percent	57.50%	53.53%	65.02%	50.78%	77.67%	77.42%	72.89%	76.79%	74.18%	73.59%	70.43%
Interest Burden Percent	98.19%	100.58%	97.90%	97.12%	97.81%	95.53%	96.51%	98.24%	96.99%	93.21%	93.75%
Effective Tax Rate	42.50%	46.47%	34.98%	49.22%	22.33%	22.58%	27.11%	23.21%	25.82%	26.41%	29.57%
Return on Invested Capital (ROIC)	8.09%	3.90%	7.52%	5.21%	14.42%	13.75%	15.12%	28.25%	27.28%	24.46%	28.32%
ROIC Less NNEP Spread (ROIC-NNEP)	8.94%	4.62%	3.30%	5.77%	14.43%	19.95%	17.52%	30.26%	27.19%	34.51%	37.11%
Return on Net Nonoperating Assets (RNNOA)	-1.98%	-0.93%	-0.72%	-1.50%	-3.29%	-3.22%	-3.07%	-8.16%	-6.36%	-6.28%	-6.32%
Return on Equity (ROE)	6.10%	2.97%	6.79%	3.71%	11.13%	10.53%	12.05%	20.09%	20.92%	18.18%	22.00%
Cash Return on Invested Capital (CROIC)	12.13%	0.66%	18.91%	5.96%	11.05%	5.48%	20.35%	43.85%	2.23%	32.08%	17.61%
Operating Return on Assets (OROA)	7.49%	3.75%	7.02%	4.56%	8.08%	6.21%	6.38%	9.92%	10.96%	10.16%	12.57%
Return on Assets (ROA)	4.23%	2.02%	4.47%	2.25%	6.13%	4.59%	4.49%	7.48%	7.89%	6.97%	8.30%
Return on Common Equity (ROCE)	6.08%	2.97%	6.80%	3.70%	11.12%	10.53%	12.05%	20.09%	20.92%	18.18%	22.00%
Return on Equity Simple (ROE_SIMPLE)	6.26%	2.99%	6.87%	3.72%	11.44%	10.49%	11.72%	20.25%	20.66%	18.14%	22.00%
Net Operating Profit after Tax (NOPAT)	14	6.63	12	8.01	22	23	25	43	44	42	50
NOPAT Margin	4.51%	2.19%	3.79%	2.16%	5.38%	5.03%	4.99%	7.56%	7.37%	6.79%	7.25%
Net Nonoperating Expense Percent (NNEP)	-0.86%	-0.73%	4.22%	-0.57%	0.00%	-6.20%	-2.40%	-2.01%	0.10%	-10.04%	-8.78%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	20.64%	19.97%	23.50%
Cost of Revenue to Revenue	67.50%	68.41%	70.01%	69.94%	69.24%	70.40%	72.92%	70.69%	69.40%	70.48%	69.82%
SG&A Expenses to Revenue	22.55%	23.86%	21.73%	23.38%	21.44%	20.74%	17.71%	17.21%	18.63%	18.45%	18.19%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	24.65%	27.51%	24.16%	25.80%	23.83%	23.10%	20.23%	19.46%	20.66%	20.30%	19.89%
Earnings before Interest and Taxes (EBIT)	24	12	22	16	30	28	35	55	61	56	71
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	30	18	30	24	40	49	60	81	86	82	97
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.20	0.70	1.30	1.59	1.55	1.96	1.81	3.26	4.03	3.23	5.97
Price to Tangible Book Value (P/TBV)	2.02	1.13	2.08	3.03	3.03	3.77	3.30	5.95	7.77	6.17	11.40
Price to Revenue (P/Rev)	0.84	0.49	0.83	0.89	0.73	0.86	0.74	1.18	1.44	1.10	1.84
Price to Earnings (P/E)	18.81	19.37	20.93	43.25	13.52	18.67	15.42	16.08	19.53	17.80	27.15
Dividend Yield	0.00%	0.00%	0.43%	1.45%	1.89%	1.66%	1.95%	1.21%	1.08%	1.53%	0.94%
Earnings Yield	5.32%	5.16%	4.78%	2.31%	7.40%	5.36%	6.48%	6.22%	5.12%	5.62%	3.68%
Enterprise Value to Invested Capital (EV/IC)	1.25	0.63	1.40	1.80	1.68	2.10	2.03	4.32	4.56	3.84	6.69
Enterprise Value to Revenue (EV/Rev)	0.69	0.36	0.67	0.75	0.64	0.80	0.65	1.07	1.39	1.02	1.80
Enterprise Value to EBITDA (EV/EBITDA)	6.95	5.99	7.17	11.28	6.72	7.33	5.57	7.46	9.50	7.80	12.72
Enterprise Value to EBIT (EV/EBIT)	8.84	9.32	9.70	17.68	8.99	12.89	9.54	10.94	13.53	11.40	17.55
Enterprise Value to NOPAT (EV/NOPAT)	15.18	16.51	17.62	34.48	11.83	15.92	13.10	14.12	18.83	15.10	24.89
Enterprise Value to Operating Cash Flow (EV/OCF)	6.96	5.36	4.50	6.02	7.35	13.00	6.08	7.98	32.65	10.64	24.93
Enterprise Value to Free Cash Flow (EV/FCFF)	10.12	98.06	7.00	30.12	15.44	39.95	9.74	9.09	229.83	11.51	40.02
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	-0.22	-0.20	-0.22	-0.26	-0.23	-0.16	-0.18	-0.27	-0.23	-0.18	-0.17
Leverage Ratio	1.44	1.47	1.52	1.65	1.81	2.29	2.68	2.69	2.65	2.61	2.65
Compound Leverage Factor	1.42	1.48	1.49	1.60	1.78	2.19	2.59	2.64	2.57	2.43	2.49
Debt to Total Capital	0.45%	0.04%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.04%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.45%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.29%	-0.33%	0.32%	0.15%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	99.26%	100.29%	99.68%	99.85%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Debt to EBITDA	0.03	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	-1.56	-2.08	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.03	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.07	0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	-3.42	-5.74	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.07	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	3.66	2.86	3.63	3.31	3.26	2.27	2.35	3.12	3.58	3.30	4.32
Noncontrolling Interest Sharing Ratio	0.33%	-0.02%	-0.01%	0.24%	0.08%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.64	1.63	1.81	1.51	1.27	1.07	1.10	1.17	1.15	1.12	1.07
Quick Ratio	1.52	1.49	1.61	1.42	1.23	1.03	1.06	1.12	1.09	1.08	1.01
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	21	1.12	31	9.16	17	9.05	34	66	3.57	56	31
Operating Cash Flow to CapEx	739.33%	124.40%	369.83%	470.00%	234.28%	166.73%	319.78%	2,885.93%	658.83%	2,538.97%	299.19%
Free Cash Flow to Firm to Interest Expense	48.10	0.00	66.00	18.94	26.62	7.22	28.07	68.50	1.95	14.57	7.01
Operating Cash Flow to Interest Expense	69.95	0.00	102.69	94.75	55.93	22.19	44.95	78.04	13.76	15.76	11.26
Operating Cash Flow Less CapEx to Interest Expense	60.49	0.00	74.93	74.59	32.06	8.88	30.90	75.34	11.67	15.14	7.50
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.97	0.97	1.02	1.08	1.14	1.00	0.93	1.02	1.07	1.13	1.22
Accounts Receivable Turnover	3.71	3.58	3.65	3.61	3.42	3.28	3.42	3.60	3.31	3.16	3.28
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	20.19	13.19	9.59	9.13	9.01	8.25	8.19	9.72	11.91	14.90	16.49
Accounts Payable Turnover	15.06	15.18	16.61	16.08	14.31	13.24	16.30	18.63	16.05	15.63	16.88
Days Sales Outstanding (DSO)	98.46	101.93	100.12	101.15	106.59	111.19	106.58	101.43	110.27	115.40	111.27
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	24.24	24.04	21.98	22.71	25.50	27.57	22.40	19.59	22.74	23.36	21.62
Cash Conversion Cycle (CCC)	74.23	77.89	78.14	78.45	81.08	83.62	84.18	81.84	87.53	92.04	89.65
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	167	173	154	153	158	172	163	140	180	167	185
Invested Capital Turnover	1.79	1.78	1.98	2.41	2.68	2.73	3.03	3.74	3.70	3.60	3.91
Increase / (Decrease) in Invested Capital	-6.91	5.52	-19	-1.16	5.25	14	-8.77	-24	40	-13	19
Enterprise Value (EV)	210	110	217	276	266	362	332	604	820	639	1,240
Market Capitalization	256	148	270	330	304	387	378	670	852	685	1,267
Book Value per Share	$22.47	$23.61	$25.05	$25.52	$24.25	$25.55	$26.88	$27.71	$29.59	$30.29	$31.28
Tangible Book Value per Share	$13.33	$14.63	$15.68	$13.40	$12.40	$13.28	$14.75	$15.18	$15.37	$15.84	$16.39
Total Capital	216	211	208	207	196	198	209	206	211	212	212
Total Debt	0.98	0.08	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	0.98	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	-47	-38	-54	-54	-38	-26	-46	-66	-31	-46	-27
Capital Expenditures (CapEx)	4.08	16	13	9.76	15	17	17	2.62	3.81	2.37	17
Debt-free, Cash-free Net Working Capital (DFCFNWC)	8.06	16	23	8.27	0.62	-13	-26	-30	0.29	-16	-8.66
Debt-free Net Working Capital (DFNWC)	56	54	76	62	39	13	20	36	32	29	18
Net Working Capital (NWC)	56	54	76	62	39	13	20	36	32	29	18
Net Nonoperating Expense (NNE)	0.42	0.31	-1.93	0.30	0.00	1.98	0.86	1.12	-0.05	3.87	3.18
Net Nonoperating Obligations (NNO)	-47	-38	-54	-54	-38	-26	-46	-66	-31	-46	-27
Total Depreciation and Amortization (D&A)	6.44	6.54	7.88	8.86	10.00	21	25	26	26	26	27
Debt-free, Cash-free Net Working Capital to Revenue	2.63%	5.36%	7.05%	2.23%	0.15%	-2.87%	-5.08%	-5.28%	0.05%	-2.60%	-1.26%
Debt-free Net Working Capital to Revenue	18.36%	17.92%	23.53%	16.83%	9.25%	2.81%	3.90%	6.41%	5.37%	4.71%	2.63%
Net Working Capital to Revenue	18.36%	17.90%	23.53%	16.83%	9.25%	2.81%	3.90%	6.41%	5.37%	4.71%	2.63%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.40	$0.00	$1.50	$0.91	$2.76	$2.63	$0.00	$5.59	$6.02	$5.48	$6.82
Adjusted Weighted Average Basic Shares Outstanding	9.75M	9.01M	8.50M	8.29M	8.11M	7.87M	7.77M	7.42M	7.22M	7.01M	6.82M
Adjusted Diluted Earnings per Share	$1.38	$0.00	$1.49	$0.89	$2.61	$2.53	$0.00	$5.45	$5.91	$5.39	$6.74
Adjusted Weighted Average Diluted Shares Outstanding	9.90M	9.20M	8.60M	8.50M	8.57M	8.17M	7.95M	7.62M	7.36M	7.12M	6.91M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	9.21M	8.93M	8.54M	8.38M	8.05M	7.85M	7.65M	7.40M	7.18M	6.96M	6.79M
Normalized Net Operating Profit after Tax (NOPAT)	14	9.06	12	8.01	22	23	25	43	44	42	50
Normalized NOPAT Margin	4.51%	2.98%	3.79%	2.16%	5.38%	5.03%	4.99%	7.56%	7.37%	6.79%	7.25%
Pre Tax Income Margin	7.61%	3.89%	6.74%	4.10%	6.93%	5.94%	6.61%	9.59%	9.95%	8.38%	9.64%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	55.10	0.00	47.67	32.26	45.72	22.37	28.65	56.95	33.20	14.72	16.00
NOPAT to Interest Expense	32.08	0.00	26.23	16.54	34.74	18.12	20.86	44.13	23.86	11.11	11.28
EBIT Less CapEx to Interest Expense	45.63	0.00	19.90	12.10	21.84	9.06	14.59	54.25	31.11	14.10	12.23
NOPAT Less CapEx to Interest Expense	22.61	0.00	-1.54	-3.62	10.86	4.81	6.80	41.42	21.77	10.49	7.52
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	8.19%	71.17%	27.07%	32.70%	30.62%	19.89%	21.96%	28.08%	26.36%
Augmented Payout Ratio	190.14%	202.47%	143.90%	324.75%	151.15%	119.79%	85.18%	127.80%	85.31%	109.73%	97.85%

This table displays calculated financial ratios and metrics derived from CRA International's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	8.82%	7.58%	3.01%	8.63%	-0.60%	11.48%	12.39%	5.85%	13.69%	9.17%
EBITDA Growth	18.40%	-2.58%	-10.89%	-6.41%	-22.26%	25.35%	31.28%	-18.04%	35.36%	30.84%
EBIT Growth	27.04%	-4.12%	-16.30%	-8.89%	-30.27%	39.01%	47.94%	-27.13%	51.43%	39.85%
NOPAT Growth	2.10%	15.41%	-15.19%	3.31%	-20.78%	21.95%	45.70%	-30.94%	48.83%	17.96%
Net Income Growth	8.52%	0.07%	-21.95%	-18.34%	-27.62%	32.12%	53.52%	-31.24%	33.05%	30.79%
EPS Growth	0.00%	0.00%	0.00%	0.00%	-25.77%	0.00%	58.54%	-29.85%	38.02%	35.40%
Operating Cash Flow Growth	-12.63%	-2.68%	-13.28%	129.88%	48.30%	-0.06%	9.95%	-64.37%	-51.37%	32.16%
Free Cash Flow Firm Growth	-151.42%	-190.92%	-564.39%	60.52%	190.99%	187.08%	217.96%	538.84%	-180.67%	-115.31%
Invested Capital Growth	16.24%	28.63%	15.85%	6.40%	-4.16%	-7.34%	-6.35%	-5.37%	13.03%	11.32%
Revenue Q/Q Growth	-0.44%	-2.33%	5.43%	5.97%	-8.90%	9.53%	6.30%	-0.20%	-2.15%	5.18%
EBITDA Q/Q Growth	-0.78%	-21.60%	8.99%	10.39%	-17.58%	26.41%	14.14%	-31.08%	36.11%	22.19%
EBIT Q/Q Growth	-0.91%	-29.81%	13.26%	15.67%	-24.17%	39.93%	20.53%	-43.02%	57.58%	29.23%
NOPAT Q/Q Growth	3.44%	-6.97%	-6.36%	14.64%	-20.69%	43.22%	11.88%	-45.66%	70.93%	13.52%
Net Income Q/Q Growth	2.01%	-26.98%	2.82%	6.62%	-9.59%	33.31%	19.48%	-52.25%	74.93%	31.04%
EPS Q/Q Growth	0.00%	0.00%	0.00%	8.94%	-9.70%	33.06%	21.12%	-51.79%	77.66%	30.54%
Operating Cash Flow Q/Q Growth	358.02%	37.31%	-216.49%	107.24%	1,180.60%	-7.47%	-204.96%	102.86%	1,647.87%	151.47%
Free Cash Flow Firm Q/Q Growth	-55.54%	-49.50%	12.15%	80.67%	458.45%	43.09%	19.00%	-28.10%	-165.89%	72.85%
Invested Capital Q/Q Growth	-12.20%	-18.90%	45.38%	2.78%	-20.92%	-21.59%	46.93%	3.86%	-5.54%	-22.78%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	31.11%	-112.32%	29.45%	30.03%	28.23%	30.27%	30.80%	26.90%	31.33%	31.68%
EBITDA Margin	15.51%	12.45%	12.87%	13.41%	12.13%	14.00%	15.04%	10.39%	14.45%	16.78%
Operating Margin	10.03%	9.17%	8.96%	9.83%	7.31%	10.61%	11.42%	6.58%	10.96%	12.16%
EBIT Margin	11.16%	8.02%	8.61%	9.40%	7.83%	10.00%	11.34%	6.47%	10.42%	12.81%
Profit (Net Income) Margin	8.00%	5.98%	5.83%	5.87%	5.83%	7.09%	7.97%	3.81%	6.82%	8.49%
Tax Burden Percent	74.73%	77.85%	70.81%	69.85%	81.69%	73.65%	72.01%	68.01%	71.35%	69.43%
Interest Burden Percent	95.97%	95.84%	95.66%	89.39%	91.12%	96.29%	97.62%	86.64%	91.67%	95.52%
Effective Tax Rate	25.27%	22.15%	29.19%	30.15%	18.31%	26.35%	27.99%	32.00%	28.65%	30.57%
Return on Invested Capital (ROIC)	21.13%	26.43%	15.52%	16.03%	16.73%	28.16%	20.90%	11.18%	23.26%	32.99%
ROIC Less NNEP Spread (ROIC-NNEP)	41.76%	29.87%	13.59%	13.35%	14.98%	31.20%	20.00%	9.40%	14.82%	32.73%
Return on Net Nonoperating Assets (RNNOA)	0.75%	-6.99%	2.70%	4.00%	0.93%	-5.68%	4.77%	3.05%	1.43%	-5.58%
Return on Equity (ROE)	21.87%	19.44%	18.22%	20.03%	17.65%	22.48%	25.67%	14.23%	24.69%	27.41%
Cash Return on Invested Capital (CROIC)	5.50%	2.23%	2.52%	10.05%	22.71%	32.08%	25.05%	22.10%	8.80%	17.61%
Operating Return on Assets (OROA)	11.95%	8.57%	9.22%	10.42%	8.70%	11.30%	13.08%	7.70%	12.51%	15.66%
Return on Assets (ROA)	8.57%	6.39%	6.24%	6.50%	6.47%	8.01%	9.19%	4.54%	8.18%	10.38%
Return on Common Equity (ROCE)	21.87%	19.44%	18.22%	20.03%	17.65%	22.48%	25.67%	14.23%	24.69%	27.41%
Return on Equity Simple (ROE_SIMPLE)	21.73%	0.00%	20.89%	19.22%	17.16%	0.00%	20.42%	21.01%	21.09%	0.00%
Net Operating Profit after Tax (NOPAT)	11	10	9.70	11	8.82	13	14	7.68	13	15
NOPAT Margin	7.50%	7.14%	6.34%	6.86%	5.98%	7.81%	8.22%	4.48%	7.82%	8.44%
Net Nonoperating Expense Percent (NNEP)	-20.64%	-3.45%	1.93%	2.68%	1.74%	-3.03%	0.90%	1.78%	8.44%	0.25%
Return On Investment Capital (ROIC_SIMPLE)	-	4.90%	-	-	-	5.95%	-	-	-	7.02%
Cost of Revenue to Revenue	68.89%	212.32%	70.55%	69.97%	71.77%	69.73%	69.20%	73.10%	68.67%	68.32%
SG&A Expenses to Revenue	19.03%	19.36%	18.56%	18.43%	18.92%	17.93%	17.75%	18.67%	18.64%	17.72%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	21.07%	-121.50%	20.49%	20.20%	20.92%	19.66%	19.38%	20.31%	20.37%	19.52%
Earnings before Interest and Taxes (EBIT)	17	12	13	15	12	16	19	11	17	23
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	23	18	20	22	18	23	26	18	24	30
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.10	4.03	3.87	3.49	3.35	3.23	4.91	6.21	5.57	5.97
Price to Tangible Book Value (P/TBV)	5.97	7.77	8.02	7.00	6.52	6.17	9.35	13.25	11.12	11.40
Price to Revenue (P/Rev)	1.07	1.44	1.28	1.16	1.15	1.10	1.62	1.83	1.69	1.84
Price to Earnings (P/E)	14.25	19.53	18.52	18.15	19.52	17.80	24.03	29.57	26.39	27.15
Dividend Yield	1.43%	1.08%	1.26%	1.38%	1.45%	1.53%	1.05%	0.94%	1.00%	0.94%
Earnings Yield	7.02%	5.12%	5.40%	5.51%	5.12%	5.62%	4.16%	3.38%	3.79%	3.68%
Enterprise Value to Invested Capital (EV/IC)	2.90	4.56	3.16	2.88	3.30	3.84	4.38	4.93	4.89	6.69
Enterprise Value to Revenue (EV/Rev)	1.11	1.39	1.39	1.27	1.15	1.02	1.67	1.92	1.75	1.80
Enterprise Value to EBITDA (EV/EBITDA)	7.40	9.50	9.84	9.37	9.06	7.80	12.17	14.89	12.97	12.72
Enterprise Value to EBIT (EV/EBIT)	10.51	13.53	14.23	13.66	13.60	11.40	17.18	21.51	18.28	17.55
Enterprise Value to NOPAT (EV/NOPAT)	15.19	18.83	19.73	18.27	17.51	15.10	22.93	28.93	24.67	24.89
Enterprise Value to Operating Cash Flow (EV/OCF)	23.99	32.65	48.85	19.85	11.67	10.64	15.99	19.65	38.60	24.93
Enterprise Value to Free Cash Flow (EV/FCFF)	56.69	229.83	134.86	29.55	14.23	11.51	16.92	21.71	58.96	40.02
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.22	0.00	0.51	0.39	0.15	0.00	0.33	0.45	0.29	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	0.02	-0.23	0.20	0.30	0.06	-0.18	0.24	0.32	0.10	-0.17
Leverage Ratio	2.68	2.65	2.74	2.74	2.68	2.61	2.73	2.78	2.72	2.65
Compound Leverage Factor	2.57	2.54	2.62	2.45	2.44	2.51	2.66	2.41	2.49	2.53
Debt to Total Capital	18.32%	0.00%	33.69%	28.29%	13.34%	0.00%	24.84%	31.21%	22.68%	0.00%
Short-Term Debt to Total Capital	18.32%	0.00%	33.69%	28.29%	13.34%	0.00%	24.84%	31.21%	22.68%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	81.68%	100.00%	66.31%	71.71%	86.66%	100.00%	75.16%	68.79%	77.32%	100.00%
Debt to EBITDA	0.52	0.00	1.19	0.97	0.41	0.00	0.79	1.03	0.66	0.00
Net Debt to EBITDA	0.24	0.00	0.77	0.80	0.06	0.00	0.37	0.74	0.39	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	1.06	0.00	2.39	1.89	0.80	0.00	1.50	2.01	1.26	0.00
Net Debt to NOPAT	0.49	0.00	1.54	1.55	0.11	0.00	0.70	1.44	0.75	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	2.81	3.29	2.92	2.99	3.09	3.06	3.76	3.85	3.61	4.04
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.11	1.15	1.02	1.07	1.11	1.12	1.16	1.07	1.06	1.07
Quick Ratio	1.05	1.09	0.97	1.00	1.03	1.08	1.10	1.01	1.00	1.01
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-20	-30	-26	-5.03	18	26	31	22	-15	-3.95
Operating Cash Flow to CapEx	4,699.25%	7,387.72%	-12,464.59%	704.44%	8,946.56%	16,787.43%	-8,641.10%	78.02%	1,057.74%	749.92%
Free Cash Flow to Firm to Interest Expense	-29.73	-61.38	-45.61	-3.12	17.60	43.03	66.22	14.90	-9.99	-3.90
Operating Cash Flow to Interest Expense	65.66	124.51	-122.68	3.14	63.37	100.17	-135.95	1.22	21.68	78.40
Operating Cash Flow Less CapEx to Interest Expense	64.27	122.82	-123.67	2.69	62.66	99.57	-137.52	-0.34	19.63	67.95
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.07	1.07	1.07	1.11	1.11	1.13	1.15	1.19	1.20	1.22
Accounts Receivable Turnover	3.03	3.31	3.21	2.95	3.02	3.16	3.16	3.04	3.16	3.28
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	11.33	11.91	12.46	13.26	13.97	14.90	15.96	16.46	17.15	16.49
Accounts Payable Turnover	7.95	16.05	24.03	26.31	24.85	15.63	0.39	1.00	1.22	16.88
Days Sales Outstanding (DSO)	120.27	110.27	113.69	123.86	120.85	115.40	115.40	120.19	115.64	111.27
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	45.92	22.74	15.19	13.87	14.69	23.36	928.71	363.67	299.97	21.62
Cash Conversion Cycle (CCC)	74.35	87.53	98.50	109.99	106.16	92.04	-813.31	-243.48	-184.33	89.65
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	222	180	261	269	212	167	245	254	240	185
Invested Capital Turnover	2.82	3.70	2.45	2.34	2.80	3.60	2.54	2.50	2.97	3.91
Increase / (Decrease) in Invested Capital	31	40	36	16	-9.23	-13	-17	-14	28	19
Enterprise Value (EV)	642	820	826	773	701	639	1,072	1,253	1,174	1,240
Market Capitalization	621	852	761	707	697	685	1,039	1,191	1,138	1,267
Book Value per Share	$28.00	$29.59	$27.40	$28.86	$29.70	$30.29	$30.41	$27.73	$30.17	$31.28
Tangible Book Value per Share	$14.54	$15.37	$13.22	$14.38	$15.27	$15.84	$15.95	$13.00	$15.09	$16.39
Total Capital	246	211	297	283	240	212	282	279	265	212
Total Debt	45	0.00	100	80	32	0.00	70	87	60	0.00
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	21	-31	64	66	4.40	-46	33	62	36	-27
Capital Expenditures (CapEx)	0.93	0.81	0.56	0.72	0.73	0.36	0.73	2.32	2.99	11
Debt-free, Cash-free Net Working Capital (DFCFNWC)	47	0.29	69	81	29	-16	72	81	53	-8.66
Debt-free Net Working Capital (DFNWC)	71	32	105	96	56	29	109	106	77	18
Net Working Capital (NWC)	26	32	4.51	16	24	29	39	19	17	18
Net Nonoperating Expense (NNE)	-0.75	1.68	0.78	1.61	0.22	1.17	0.44	1.14	1.68	-0.09
Net Nonoperating Obligations (NNO)	21	-31	64	66	4.40	-46	33	62	36	-27
Total Depreciation and Amortization (D&A)	6.47	6.43	6.51	6.50	6.36	6.47	6.36	6.71	6.75	7.01
Debt-free, Cash-free Net Working Capital to Revenue	8.14%	0.05%	11.59%	13.39%	4.75%	-2.60%	11.13%	12.39%	7.85%	-1.26%
Debt-free Net Working Capital to Revenue	12.29%	5.37%	17.55%	15.74%	9.30%	4.71%	16.90%	16.17%	11.49%	2.63%
Net Working Capital to Revenue	4.54%	5.37%	0.76%	2.59%	4.03%	4.71%	6.01%	2.84%	2.57%	2.63%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$0.00	$0.00	$1.22	$1.65	$1.97	$0.96	$1.68	$2.21
Adjusted Weighted Average Basic Shares Outstanding	7.12M	7.22M	7.12M	6.98M	6.98M	7.01M	6.93M	6.83M	6.76M	6.82M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$1.21	$1.61	$1.95	$0.94	$1.67	$2.18
Adjusted Weighted Average Diluted Shares Outstanding	7.25M	7.36M	7.25M	7.08M	7.08M	7.12M	7.01M	6.91M	6.84M	6.91M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	7.13M	7.18M	7.03M	7.00M	7.00M	6.96M	6.92M	6.78M	6.78M	6.79M
Normalized Net Operating Profit after Tax (NOPAT)	11	10	9.70	11	8.82	13	14	7.68	13	15
Normalized NOPAT Margin	7.50%	7.14%	6.34%	6.86%	5.98%	7.81%	8.22%	4.48%	7.82%	8.44%
Pre Tax Income Margin	10.71%	7.68%	8.24%	8.40%	7.13%	9.63%	11.07%	5.61%	9.56%	12.23%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	24.83	24.07	23.06	9.42	11.27	26.93	41.97	7.48	12.00	22.31
NOPAT to Interest Expense	16.69	21.44	16.98	6.88	8.60	21.05	30.45	5.18	9.01	14.70
EBIT Less CapEx to Interest Expense	23.43	22.38	22.07	8.98	10.56	26.34	40.40	5.92	9.95	11.85
NOPAT Less CapEx to Interest Expense	15.29	19.75	16.00	6.43	7.89	20.45	28.87	3.61	6.96	4.25
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	21.20%	21.96%	24.09%	26.10%	29.40%	28.08%	25.85%	28.68%	27.56%	26.36%
Augmented Payout Ratio	96.01%	85.31%	129.30%	99.42%	95.45%	109.73%	72.28%	130.92%	123.07%	97.85%

Frequently Asked Questions About CRA International's Financials

When does CRA International's fiscal year end?

According to the most recent income statement we have on file, CRA International's financial year ends in December. Their financial year 2024 ended on December 28, 2024.

How has CRA International's net income changed over the last 10 years?

CRA International's net income appears to be on an upward trend, with a most recent value of $46.65 million in 2024, rising from $13.41 million in 2014. The previous period was $38.48 million in 2023.

What is CRA International's operating income?

CRA International's total operating income in 2024 was $70.75 million, based on the following breakdown:

Total Gross Profit: $207.48 million
Total Operating Expenses: $136.73 million

How has CRA International revenue changed over the last 10 years?

Over the last 10 years, CRA International's total revenue changed from $306.37 million in 2014 to $687.41 million in 2024, a change of 124.4%.

How much debt does CRA International have?

CRA International's total liabilities were at $359.37 million at the end of 2024, a 5.4% increase from 2023, and a 263.8% increase since 2014.

How much cash does CRA International have?

In the past 10 years, CRA International's cash and equivalents has ranged from $25.64 million in 2019 to $66.13 million in 2021, and is currently $26.71 million as of their latest financial filing in 2024.

How has CRA International's book value per share changed over the last 10 years?

Over the last 10 years, CRA International's book value per share changed from 22.47 in 2014 to 31.28 in 2024, a change of 39.2%.

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This page (NASDAQ:CRAI) was last updated on 4/16/2025 by MarketBeat.com Staff

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CRA International (CRAI) Financials

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CRA International (CRAI) Financials

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