CRA International Inc. Common Stock (CRAI)

FairStock Score: 54/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I approach CRA International as a Graham-style analyst. It is a 968-employee consultancy in economic and financial litigation support, regulatory work and management advice. The filed record shows steady progress: revenue rose from $624.0M in FY2023 (period ended 2023-12-30) to $751.6M in FY2025 (period ended 2026-01-03), while net income increased from $38.5M to $54.8M and diluted EPS from $5.39 to $8.14. In fiscal Q2 2026 (quarter ended 2026-07-04), revenue was $210.8M and net income was $13.5M, up from $186.9M and $12.1M in fiscal Q2 2025 (quarter ended 2025-06-28). That is a real business with momentum. Quality is more mixed. FairStock calculations show a 26.02% ROE, but ROCE is only 7.72%, debt-to-equity is 1.67, Altman Z-Score is 2.04, and Piotroski F-Score is 5/9. Trailing free cash flow is negative $27.7M, a -2.5% FCF yield. The computed Lynch category is STALWART, based on 17.5% annual profit growth and 8.1% revenue growth over five years. Yet at the 2026-10-13 close of $178.99, FairStock calculations give P/E 23.83, P/B 6.16, PEG 2.08, EV/EBITDA 12.98, and Graham Number $70.09, implying a -155.37% margin of safety. The FairStock Score is 54/100. Growth is respectable, but the price already assumes continued execution. I see a decent operating firm, not a bargain; without stronger cash conversion and less balance-sheet leverage, the margin of safety is thin.

In plain English: CRA International is a consulting firm that advises companies and legal teams on economic, financial, regulatory and business matters. The business has grown revenue and profit in recent years, but its recent cash generation has been negative and it carries meaningful debt. At the 2026-10-13 close of $178.99, the shares look expensive compared with the company's reported profits, net assets and a conservative value estimate.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-07-04) · fiscal Q1 2026 10-Q (period ended 2026-04-04) · fiscal Q3 2025 10-Q (period ended 2025-09-27) · fiscal Q2 2025 10-Q (period ended 2025-06-28) · FY2025 10-K (period ended 2026-01-03) · FY2024 10-K (period ended 2024-12-28) · FY2023 10-K (period ended 2023-12-30)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer