Cra International (CRAI) AI Stock Analysis

• Market Cap: $1.24B
• Dividend Yield: 1.06%
• Average Volume (3M): 105.19K
• Price to Earnings (P/E): 22.6
• Beta (1Y): 0.92
• Revenue Growth: 8.69%
• EPS Growth: 34.58%
• Country: US
• Employees: 947
• Sector: Industrials
• Sector Strength: 72
• Industry: Consulting Services
• EPS (TTM): 2.06
• Shares Outstanding: 6,562,262
• 10 Day Avg. Volume: 72,977
• 30 Day Avg. Volume: 105,186
• PEG Ratio: 1.11
• Price to Book (P/B): 6.01
• Price to Sales (P/S): 1.85
• P/FCF Ratio: 38.49
• Enterprise Value/Market Cap: 1.24
• Enterprise Value/Revenue: 2.76
• Enterprise Value/Gross Profit: 8.96
• Enterprise Value/Ebitda: 18.21
• 1Y Price Target: $239.00
• Price Target Upside: 26.93% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 75 Outperform
• Price Target: $208.00 ▲(10.47% Upside)

CRA International's overall stock score is driven by strong financial performance and positive earnings call highlights, including revenue growth and international expansion. Technical analysis shows a neutral trend, while valuation metrics suggest moderate pricing. The company's strategic initiatives and increased dividend support a favorable outlook, despite some operational challenges.

Positive Factors

Revenue Growth

Consistent revenue growth indicates strong market demand for CRAI's consulting services, enhancing its competitive position and financial health.

International Expansion

Significant international growth, especially in Europe, diversifies revenue streams and reduces dependency on domestic markets, strengthening global presence.

Increased Profitability

Rising profitability metrics reflect effective cost management and operational efficiency, supporting sustainable long-term financial performance.

Negative Factors

Consultant Headcount Decrease

A decrease in consultant headcount may impact project delivery capacity and strain existing resources, potentially affecting client service quality.

Increased Days Sales Outstanding (DSO)

Longer DSO indicates slower cash collection, which can strain working capital and affect liquidity, posing a risk to financial flexibility.

Net Debt Position

A net debt position suggests reliance on external financing, which could limit strategic options and increase financial risk if not managed carefully.

Cra International Business Overview & Revenue Model

Company Description

CRA International (CRAI) is a leading global consulting firm that specializes in economic, financial, and strategic consulting services. The company operates primarily in the sectors of economics, finance, and management consulting, providing expert analysis and insights to clients across various industries, including healthcare, energy, telecommunications, and technology. CRAI's core offerings include expert testimony, litigation support, market analysis, and business strategy consulting, catering to both private and public sector clients.

How the Company Makes Money

CRA International generates revenue primarily through its consulting services, which are billed on a fee-for-service basis. The company has various key revenue streams, including project-based fees, retainer fees, and hourly billing for its experts. CRAI also benefits from long-term relationships with clients that often lead to repeat engagements, particularly in complex litigation cases where expert testimony is required. Additionally, the firm capitalizes on significant partnerships with other consulting firms and legal entities, enhancing its service offerings and market reach. The company's diverse portfolio of services allows it to adapt to changing market conditions and client needs, contributing positively to its earnings.

Cra International Financial Statement Overview

Summary

CRA International demonstrates solid financial health with strong revenue growth and profitability, moderate leverage, and stable cash flows. While the decrease in Free Cash Flow warrants attention, the company remains well-positioned within the consulting industry, with efficient operations and a balanced financial structure.

Income Statement

CRA International displays strong financial performance with a consistent revenue growth trend. The TTM Gross Profit Margin is 31.52%, and the Net Profit Margin is 7.93%, indicating effective cost management and profitability. Revenue growth from the previous annual period is 3.70%, showing positive momentum. The EBIT Margin stands at 11.93%, and the EBITDA Margin at 14.07%, reflecting robust operational efficiency.

Balance Sheet

The company's balance sheet is solid, with a Debt-to-Equity Ratio of 1.14, indicating moderate leverage. The Return on Equity (ROE) is 28.71%, showcasing efficient use of equity capital. The Equity Ratio is 32.47%, suggesting a stable financial position with a decent proportion of equity financing.

Cash Flow

The cash flow statement reveals a decline in Free Cash Flow, with a growth rate of -36.20% from the previous annual period. The Operating Cash Flow to Net Income Ratio is 0.65, and the Free Cash Flow to Net Income Ratio is 0.37, indicating lower cash conversion efficiency. However, the company maintains positive cash flows, supporting financial stability.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2019	Dec 2018
Income Statement
Total Revenue	554.62M	687.41M	623.98M	590.90M	451.37M	417.65M
Gross Profit	170.77M	207.48M	171.73M	180.82M	133.61M	128.46M
EBITDA	84.03M	97.48M	81.94M	86.38M	49.36M	39.58M
Net Income	41.60M	46.65M	38.48M	43.62M	20.75M	22.49M
Balance Sheet
Total Assets	629.04M	571.44M	553.21M	550.92M	533.24M	370.85M
Cash, Cash Equivalents and Short-Term Investments	22.50M	26.71M	45.59M	31.45M	25.64M	38.03M
Total Debt	194.33M	103.24M	108.75M	121.98M	159.40M	0.00
Total Liabilities	427.39M	359.37M	341.11M	339.76M	335.49M	174.37M
Stockholders Equity	201.66M	212.07M	212.10M	211.15M	197.75M	196.47M
Cash Flow
Free Cash Flow	-40.41M	33.11M	57.71M	21.31M	11.14M	20.74M
Operating Cash Flow	-37.59M	49.73M	60.07M	25.12M	27.83M	36.19M
Investing Cash Flow	-2.81M	-18.12M	-2.94M	-18.16M	-16.69M	-15.45M
Financing Cash Flow	34.89M	-48.86M	-44.48M	-38.95M	-23.82M	-35.75M

Cra International Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 188.29
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CRAI, the sentiment is Positive. The current price of 188.29 is above the 20-day moving average (MA) of 183.29, below the 50-day MA of 193.57, and above the 200-day MA of 184.95, indicating a neutral trend. The MACD of -1.39 indicates Negative momentum. The RSI at 50.39 is Neutral, neither overbought nor oversold. The STOCH value of 74.92 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CRAI.

Cra International Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CRAI	75 Outperform	$1.24B	22.64	27.83%	1.06%	8.69%	34.58%
FCN	75 Outperform	$5.17B	21.28	13.30%	―	-0.95%	-10.54%
HURN	73 Outperform	$2.84B	27.64	21.20%	―	12.50%	29.40%
ICFI	65 Neutral	$1.49B	15.20	9.88%	0.70%	-3.81%	-7.05%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
RGP	51 Neutral	$151.93M	-0.80	-61.44%	9.23%	-10.83%	-1669.11%
FORR	42 Neutral	$144.65M	―	―	―	-8.73%	-1168.15%

Cra International Corporate Events

CRA International Reports Strong Q3 Earnings and Growth

The recent earnings call for CRA International reflected a positive sentiment, with the company showcasing strong performance in both revenue and profitability. Notably, there was significant growth in international operations, particularly in the Antitrust & Competition Economics and Energy sectors. However, the company also faced challenges in managing headcount and an increase in Days Sales Outstanding (DSO), alongside a net debt position that could raise concerns. Despite these challenges, the overall highlights of the call outweighed the lowlights.

Charles River Associates Reports Strong Q3 2025 Results

Charles River Associates (CRA) is a global consulting firm specializing in economic, financial, and management consulting services, advising clients on economic and financial matters related to litigation, regulatory proceedings, and business strategy. Headquartered in Boston, CRA operates worldwide, offering objective solutions to complex problems since 1965.

CRA International Boosts Dividend Amid Strong Q3 Results

On October 30, 2025, CRA announced a 16% increase in its quarterly cash dividend to $0.57 per share, payable on December 12, 2025. The company reported strong financial results for the third quarter of 2025, with a 10.8% increase in revenue year over year to $185.9 million and a 12.7% rise in non-GAAP net income. CRA also raised its revenue guidance for the full fiscal year, reflecting confidence in its competitive position despite global economic uncertainties.

The most recent analyst rating on (CRAI) stock is a Buy with a $213.00 price target. To see the full list of analyst forecasts on Cra International stock, see the CRAI Stock Forecast page.

CRA International Reports Strong Earnings and Increased Guidance

CRA International’s recent earnings call painted a picture of robust financial health and strategic success, with a positive sentiment prevailing despite some challenges. The company reported strong revenue growth across multiple practices, particularly in Antitrust & Competition Economics, and celebrated record-setting first-half results. These achievements led to an increase in revenue guidance, overshadowing concerns about headcount reductions, challenges in the Life Sciences practice, and high debt levels.

Charles River Associates Reports Record Revenue Growth

Charles River Associates (CRA) is a global consulting firm specializing in economic, financial, and management consulting services, providing expert advice on economic and financial matters related to litigation, regulatory proceedings, and business strategy.