CRA International, Inc., along with its affiliated entities, delivers specialized advisory services across the domains of economics, finance, and management in the ...
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$2.20 per share
Est. EPS $2.07 · Revenue $199.04M · 3 analysts
Est. EPS $8.47 · Revenue $814.34M · 3 analysts
Est. EPS $2.24 · Revenue $203.51M · 3 analysts
$2.20 per share
| Metric | Latest | YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength. | QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes. |
|---|---|---|---|
| RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three). | $751.6M | +9.3% | +4.9% |
| Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day. | $54.8M | +17.4% | +21.3% |
| Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials. | +29.0% | -3.8% | +282.4% |
| Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on). | +11.1% | +7.5% | +24.5% |
| Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales. | +7.3% | +7.4% | +15.7% |
| Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock. | $18.6M | -44.0% | +94.8% |
| FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine. | +2.5% | -48.7% | +95.0% |
| Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe. | 59.6% | +22.4% | -24.7% |
| Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking. | 0.92x | -14.3% | +27.2% |
| Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground. | $628.9M | +10.1% | +0.4% |
| Metric | Annual (A vs E) | Annual Surprise | Quarter (A vs E) | Quarter Surprise |
|---|---|---|---|---|
| EPS Surprise | 8.14 vs 8.24 | -1.2% | 2.10 vs 2.15 | -2.1% |
| Revenue Surprise | $751.6M vs $745.2M | +0.9% | $210.8M vs $198.9M | +6.0% |
| Date | Executive | Title | Security | Side | Shares | Price |
|---|---|---|---|---|---|---|
| Aug 31, 2026 | Maleh Paul A | director, officer: PRESIDENT AND CEO | Common Stock | D | 2,348 | $172.06 |
| Aug 31, 2026 | Maleh Paul A | director, officer: PRESIDENT AND CEO | Common Stock | D | 4,852 | $173.04 |
| Aug 31, 2026 | Maleh Paul A | director, officer: PRESIDENT AND CEO | Common Stock | D | 268 | $174.13 |
| Aug 31, 2026 | Maleh Paul A | director, officer: PRESIDENT AND CEO | Common Stock | D | 32 | $174.78 |
| Aug 25, 2026 | Yellin Jonathan D | officer: EVP AND GENERAL COUNSEL | Common Stock | D | 543 | $172.30 |
Operator: Good day, everyone, and welcome to Charles River Associates' Second Quarter 2026 Conference Call. Please note that today's call is being recorded. The company's earnings release and prepared CFO remarks are posted on the Investor Relations section of CRA's website at crai.com. With us today are CRA's President and Chief Executive Officer, Paul Maleh; Chief Financial Officer, Eric Nierenberg; and Chief Corporate Development Officer, Chad Holmes. At this time, I'd like to turn the call over to Dr. Nierenberg for opening remarks. Eric, please go ahead. Eric Nierenberg: Thank you, Rob, and good morning, everyone. Please note that the statements made during this conference call, including guidance on future revenue and non-GAAP EBITDA margin, and any other statements concerning the future business, operating results or financial condition of CRA, including those statements using the terms expect, outlook or similar terms are forward-looking statements as defined in Section 21 of the Exchange Act. Information contained in these forward-looking statements is based on management's current expectations and is inherently uncertain. Actual performance and results may differ materially from those expressed or implied in these statements due to many important factors, including the level of demand for our services as a result of changes in general and industry-specific economic conditions. Additional information regarding these factors is included in today's release and in CRA's periodic reports, including our most recently filed Annual Report on Form 10-K and quarterly reports on Form 10-Q filed with the SEC. CRA undertakes no obligation to update these forward-looking statements after the date of this call to reflect new information or developments. Additionally, we will refer to some non-GAAP financial measures and certain measures presented on a constant currency basis on this call. Everyone is encouraged to refer to today's release and related CFO remarks for reconciliations of these non-GAAP financial measures to their GAAP comparable measures and descriptions of the calculation of EBITDA and measures presented on a constant currency basis. I will now turn it over to Paul for his report. Paul? Paul Maleh: Thanks, Eric, and good morning, everyone. Thank you for joining us today. Building on 8 consecutive years of record annual revenue and a best-ever first quarter to start fiscal 2026, we delivered revenue of $210.8 million in the second quarter. This represents year-over-year growth of 12.8% and the highest quarterly revenue in CRA's history. Broad-based contributions once again characterized CRA's financial performance, reflecting both the quality and the depth of the portfolio. Eight practices grew year-over-year, representing 95% of the company's total revenue for the second quarter. Six practices: Energy, Finance, Forensic Services, Intellectual Property, Life Sciences and Risk, Investigations & Analytics posted double-digit revenue …
| Name | Title | Compensation | Gender | Year Born | Status |
|---|---|---|---|---|---|
Paul A. Maleh | Chairman, President & Chief Executive Officer | USD 2,056,643 | Male | 1964 | Active |
Brian Langan | Executive VP, Chief Strategy & Business Transformation Officer | USD 1,248,103 | Male | 1980 | Active |
Chad Holmes | Executive Vice President & Chief Corporate Development Officer | USD 1,173,361 | Male | 1973 | Active |
Eric R. Nierenberg | Executive Vice President, Chief Financial Officer & Treasurer | USD 1,149,472 | — | 1975 | Active |
Jonathan D. Yellin | Executive Vice President, General Counsel & Secretary | USD 938,361 | Male | 1964 | Active |
Miguel Herce | Principal | — | — | — | Active |
Elahd Toam | Principal | — | Male | — | Active |
Graham Ross | Vice President & Global Chief Marketing Officer | — | Male | — | Active |
Mary Beth Savio | Vice President & Director of Operations | — | Female | — | Active |
Sandra David | Vice President, Chief Accounting Officer & Controller | — | Female | — | Active |
California State Teachers Retirement System increased its holdings in shares of Charles River Associates (NASDAQ: CRAI) by 47.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,187 shares of the business services provider's stock after buying an additional 2,953 shares
Charles River Associates' specialized advisory demand, broad client reach and capital returns support growth, while elevated leverage and collection needs remain key risks.
CRAI's 20% three-month gain is backed by broader demand, a stronger project pipeline and higher fiscal 2026 revenue guidance, but costs remain a drag.
CRAI's broader demand and raised fiscal 2026 revenue outlook bolster growth, but margin pressure, cash use and leverage keep the investment case balanced.
Charles River Associates beat Q2 earnings and revenue estimates on broad-based growth, while raising its fiscal 2026 revenue outlook to $805-$820 million.
