CRA International (CRAI) Financials

$185.46 -2.99 (-1.59%)

Closing price 05/23/2025 04:00 PM Eastern

Extended Trading

$185.62 +0.16 (+0.09%)

As of 05/23/2025 07:27 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	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/28/2024	12/30/2023	12/31/2022	1/1/2022	1/2/2021	12/28/2019	12/29/2018	12/30/2017	12/31/2016	1/2/2016	1/3/2015
Net Income / (Loss) Attributable to Common Shareholders	47	38	44	42	25	21	22	7.62	13	7.66	14
Consolidated Net Income / (Loss)	47	38	44	42	25	21	22	7.70	14	6.33	13
Net Income / (Loss) Continuing Operations	47	38	44	42	25	21	22	7.70	14	6.33	13
Total Pre-Tax Income	66	52	59	54	34	27	29	15	22	12	23
Total Operating Income	71	58	59	56	35	29	29	16	19	12	24
Total Gross Profit	207	184	181	166	138	134	128	111	97	96	100
Total Revenue	687	624	591	566	508	451	418	370	325	304	306
Operating Revenue	687	624	591	566	508	451	418	370	325	304	306
Total Cost of Revenue	480	440	410	400	371	318	289	259	227	208	207
Operating Cost of Revenue	480	440	410	400	371	318	289	259	227	208	207
Total Operating Expenses	137	127	122	110	103	104	100	95	78	84	76
Selling, General & Admin Expense	125	115	110	97	90	94	90	87	71	72	69
Depreciation Expense	12	12	12	13	13	11	10.00	8.95	7.90	6.55	6.44
Total Other Income / (Expense), net	-4.51	-5.26	0.06	-1.46	-1.17	-2.55	-0.00	-0.63	2.97	-0.58	-0.73
Interest Expense	4.42	3.81	1.83	0.97	1.22	1.25	0.65	0.48	0.47	-0.07	0.43
Other Income / (Expense), net	-0.09	-1.45	1.89	-0.49	0.04	-1.30	0.65	-0.15	3.44	-0.65	-0.30
Income Tax Expense	20	14	15	13	9.12	6.05	6.46	7.46	7.66	5.49	9.91
Basic Earnings per Share	$6.82	$5.48	$6.02	$5.59	$3.14	$2.63	-	$0.91	$1.50	$0.84	$1.40
Weighted Average Basic Shares Outstanding	6.82M	7.01M	7.22M	7.42M	7.77M	7.87M	8.11M	8.29M	8.50M	9.01M	9.75M
Diluted Earnings per Share	$6.74	$5.39	$5.91	$5.45	$3.07	$2.53	-	$0.89	$1.49	$0.83	$1.38
Weighted Average Diluted Shares Outstanding	6.91M	7.12M	7.36M	7.62M	7.95M	8.17M	8.57M	8.50M	8.60M	9.20M	9.90M
Weighted Average Basic & Diluted Shares Outstanding	6.79M	6.96M	7.18M	7.40M	7.65M	7.85M	8.05M	8.38M	8.54M	8.93M	9.21M
Cash Dividends to Common per Share	$1.75	$1.50	$1.29	$1.09	$0.95	$0.83	$0.71	$0.59	$0.14	-	-

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	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/28/2024	9/28/2024	6/29/2024	3/30/2024	12/30/2023	9/30/2023	7/1/2023	4/1/2023	12/31/2022	10/1/2022
Net Income / (Loss) Attributable to Common Shareholders	15	11	6.54	14	11	8.60	9.51	8.92	8.67	12
Consolidated Net Income / (Loss)	15	11	6.54	14	11	8.60	9.51	8.92	8.67	12
Net Income / (Loss) Continuing Operations	15	11	6.54	14	11	8.60	9.51	8.92	8.67	12
Total Pre-Tax Income	22	16	9.61	19	16	11	14	13	11	16
Total Operating Income	21	18	11	20	17	11	16	14	13	15
Total Gross Profit	56	53	46	53	49	42	49	45	-163	46
Total Revenue	176	168	171	172	162	148	162	153	145	148
Operating Revenue	176	168	171	172	162	148	162	153	145	148
Total Cost of Revenue	121	115	125	119	113	106	113	108	308	102
Operating Cost of Revenue	121	115	125	119	113	106	113	108	-	102
Total Operating Expenses	34	34	35	33	32	31	33	31	-176	31
Selling, General & Admin Expense	31	31	32	30	29	28	30	28	28	28
Depreciation Expense	3.17	2.90	2.81	2.79	2.80	2.95	2.87	2.94	2.94	3.03
Total Other Income / (Expense), net	0.13	-2.36	-1.67	-0.61	-1.59	-0.27	-2.30	-1.10	-2.16	1.00
Interest Expense	1.01	1.46	1.48	0.46	0.60	1.03	1.62	0.57	0.48	0.67
Other Income / (Expense), net	1.15	-0.90	-0.19	-0.14	-0.99	0.76	-0.69	-0.53	-1.68	1.67
Income Tax Expense	6.60	4.59	3.08	5.32	4.10	1.93	4.10	3.68	2.47	4.02
Basic Earnings per Share	$2.21	$1.68	$0.96	$1.97	$1.65	$1.22	$1.36	$1.25	-	$1.66
Weighted Average Basic Shares Outstanding	6.82M	6.76M	6.83M	6.93M	7.01M	6.98M	6.98M	7.12M	7.22M	7.12M
Diluted Earnings per Share	$2.18	$1.67	$0.94	$1.95	$1.61	$1.21	$1.34	$1.23	-	$1.63
Weighted Average Diluted Shares Outstanding	6.91M	6.84M	6.91M	7.01M	7.12M	7.08M	7.08M	7.25M	7.36M	7.25M
Weighted Average Basic & Diluted Shares Outstanding	6.79M	6.78M	6.78M	6.92M	6.96M	7.00M	7.00M	7.03M	7.18M	7.13M

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	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/28/2024	12/30/2023	12/31/2022	1/1/2022	1/2/2021	12/28/2019	12/29/2018	12/30/2017	12/31/2016	1/2/2016	1/3/2015
Net Change in Cash & Equivalents	-19	14	-35	20	20	-12	-15	0.51	15	-10	-3.05
Net Cash From Operating Activities	50	60	25	76	55	28	36	46	48	20	30
Net Cash From Continuing Operating Activities	50	60	25	76	59	28	36	46	48	20	30
Net Income / (Loss) Continuing Operations	47	38	44	42	25	21	22	7.70	14	6.33	13
Consolidated Net Income / (Loss)	47	38	44	42	25	21	22	7.70	14	6.33	13
Depreciation Expense	12	12	12	13	13	11	10.00	8.86	7.88	6.54	6.44
Amortization Expense	15	14	14	13	12	11	0.00	-	-	-	-
Non-Cash Adjustments To Reconcile Net Income	-7.21	2.60	-11	10	0.88	-13	-12	9.88	17	16	6.86
Changes in Operating Assets and Liabilities, net	-17	-6.85	-33	-1.91	8.91	-1.05	16	19	9.40	-8.56	3.45
Net Cash From Investing Activities	-18	-2.94	-18	-2.62	-17	-17	-15	-26	-12	-16	-5.86
Net Cash From Continuing Investing Activities	-18	-2.94	-18	-2.62	-17	-17	-15	-26	-12	-16	-5.86
Purchase of Property, Plant & Equipment	-17	-2.37	-3.81	-2.62	-17	-17	-15	-9.76	-13	-18	-4.19
Acquisitions	-1.50	-0.58	-14	0.00	0.00	-	-	-16	0.00	-	-1.78
Net Cash From Financing Activities	-49	-44	-39	-52	-20	-24	-36	-22	-19	-13	-26
Net Cash From Continuing Financing Activities	-49	-44	-39	-52	-20	-24	-36	-22	-19	-13	-26
Repayment of Debt	-102	-105	-127	-74	-77	-54	-30	-12	-7.58	-4.30	-0.03
Repurchase of Common Equity	-33	-31	-28	-45	-13	-18	-28	-20	-19	-13	-25
Payment of Dividends	-12	-11	-9.58	-8.29	-7.50	-6.79	-6.08	-5.48	-1.17	-	-
Issuance of Debt	102	105	126	74	77	54	30	12	7.50	4.00	-
Issuance of Common Equity	0.00	0.81	1.41	5.16	2.24	3.21	2.17	6.42	2.85	0.60	0.47
Other Financing Activities, net	-3.21	-3.06	-2.15	-3.89	-0.86	-2.18	-3.95	-3.26	-1.49	-0.54	-0.83
Effect of Exchange Rate Changes	-1.63	1.49	-2.69	-0.63	1.97	0.29	-	2.17	-1.66	-0.94	-1.46
Cash Interest Paid	4.15	3.54	1.58	0.73	1.16	1.16	0.51	0.31	0.41	0.24	0.44
Cash Income Taxes Paid	21	14	16	15	6.54	7.59	4.81	7.42	6.18	9.69	16

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	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/28/2024	9/28/2024	6/29/2024	3/30/2024	12/30/2023	9/30/2023	7/1/2023	4/1/2023	12/31/2022	10/1/2022
Net Change in Cash & Equivalents	2.23	-0.17	-12	-8.46	18	13	-21	4.07	7.35	8.47
Net Cash From Operating Activities	79	32	1.81	-63	60	65	5.07	-70	60	44
Net Cash From Continuing Operating Activities	79	32	1.81	-63	60	65	5.07	-70	60	44
Net Income / (Loss) Continuing Operations	15	11	6.54	14	11	8.60	9.51	8.92	8.67	12
Consolidated Net Income / (Loss)	15	11	6.54	14	11	8.60	9.51	8.92	8.67	12
Depreciation Expense	3.17	2.90	2.81	2.79	2.80	2.95	2.87	2.94	2.94	3.03
Amortization Expense	3.84	3.85	3.90	3.57	3.67	3.41	3.62	3.57	3.50	3.44
Non-Cash Adjustments To Reconcile Net Income	38	-13	-16	-16	32	2.63	0.59	-32	24	4.07
Changes in Operating Assets and Liabilities, net	19	26	4.83	-67	10	47	-12	-53	21	21
Net Cash From Investing Activities	-11	-2.99	-3.82	-0.73	-0.36	-0.73	-0.72	-1.13	-4.98	-0.93
Net Cash From Continuing Investing Activities	-11	-2.99	-3.82	-0.73	-0.36	-0.73	-0.72	-1.13	-4.98	-0.93
Purchase of Property, Plant & Equipment	-11	-2.99	-2.32	-0.73	-0.36	-0.73	-0.72	-0.56	-0.81	-0.93
Net Cash From Financing Activities	-65	-30	-10	56	-43	-51	-26	75	-48	-33
Net Cash From Continuing Financing Activities	-65	-30	-10	56	-43	-51	-26	75	-48	-33
Repayment of Debt	-67	-29	-6.00	0.00	-32	-48	-20	-5.00	-47	-80
Payment of Dividends	-3.45	-2.87	-2.90	-3.08	-3.03	-2.54	-2.53	-2.70	-2.72	-2.22
Issuance of Debt	7.00	2.00	23	70	-	-	-	105	2.00	54
Other Financing Activities, net	-1.18	-0.05	-0.35	-1.63	-1.02	-0.03	-0.14	-1.87	-1.14	-0.03
Effect of Exchange Rate Changes	-1.97	1.16	-0.11	-0.71	1.33	-0.31	0.06	0.41	0.41	-1.55
Cash Interest Paid	1.06	1.55	1.44	0.09	0.64	0.73	2.05	0.12	0.55	0.57
Cash Income Taxes Paid	4.36	4.40	11	1.53	4.06	3.74	5.14	1.08	4.24	3.88

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	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/28/2024	12/30/2023	12/31/2022	1/1/2022	1/2/2021	12/28/2019	12/29/2018	12/30/2017	12/31/2016	1/2/2016	1/3/2015
Total Assets	571	553	551	555	559	533	371	362	324	314	313
Total Current Assets	269	265	249	249	220	184	181	184	171	141	145
Cash & Equivalents	27	46	31	66	46	26	38	54	54	38	48
Note & Lease Receivable	6.54	8.76	9.67	11	15	6.75	6.10	5.54	5.90	4.40	2.45
Accounts Receivable	220	200	195	162	152	144	131	113	92	86	83
Prepaid Expenses	17	12	13	11	7.07	7.28	6.42	11	19	12	11
Plant, Property, & Equipment, net	45	38	46	54	63	61	48	45	36	31	15
Total Noncurrent Assets	257	250	256	252	276	288	142	133	117	142	154
Goodwill	94	94	93	89	89	89	88	89	75	77	82
Intangible Assets	7.22	7.20	8.59	4.18	5.11	6.48	7.85	9.21	2.69	3.59	4.76
Noncurrent Deferred & Refundable Income Taxes	17	14	9.16	9.32	9.67	11	9.33	8.71	10	19	19
Other Noncurrent Operating Assets	139	134	146	150	172	182	36	26	29	42	48
Total Liabilities & Shareholders' Equity	571	553	551	555	559	533	371	362	324	314	313
Total Liabilities	359	341	340	350	349	335	174	155	116	103	99
Total Current Liabilities	251	236	217	213	200	171	142	122	94	86	88
Accounts Payable	28	29	28	24	19	26	22	18	14	14	14
Accrued Expenses	181	171	156	156	136	121	108	95	75	65	67
Current Deferred Revenue	14	12	12	13	9.87	6.72	8.68	8.03	4.52	6.80	7.84
Current Employee Benefit Liabilities	8.92	7.58	5.69	6.10	21	4.47	3.65	0.91	0.57	0.81	0.18
Other Current Liabilities	19	16	16	14	14	13	-	-	-	-	-
Total Noncurrent Liabilities	108	105	123	136	149	164	32	33	22	16	10
Noncurrent Deferred & Payable Income Tax Liabilities	1.19	1.06	0.95	1.03	0.73	0.50	0.30	0.37	0.12	-	1.61
Noncurrent Employee Benefit Liabilities	22	12	16	11	9.19	15	7.96	12	6.35	4.36	3.37
Other Noncurrent Operating Liabilities	85	92	106	124	139	147	-	-	-	-	-
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	212	212	211	206	209	198	196	207	208	211	215
Total Preferred & Common Equity	212	212	211	206	209	198	196	207	207	212	214
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	212	212	211	206	209	198	196	207	207	212	214
Common Stock	1.66	0.00	1.74	0.00	0.50	9.27	23	47	54	66	73
Retained Earnings	225	224	224	216	217	200	186	169	167	155	148
Accumulated Other Comprehensive Income / (Loss)	-15	-12	-15	-9.95	-8.48	-12	-13	-9.90	-14	-9.25	-6.70

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 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	9/28/2024	6/29/2024	3/30/2024	9/30/2023	7/1/2023	4/1/2023	10/1/2022
Total Assets	582	546	553	539	551	562	554
Total Current Assets	286	271	275	249	255	258	257
Cash & Equivalents	24	25	37	28	14	36	24
Note & Lease Receivable	10	14	15	10	12	14	10
Accounts Receivable	233	217	209	193	213	197	209
Prepaid Expenses	18	16	14	17	15	12	14
Plant, Property, & Equipment, net	38	37	37	40	42	44	47
Total Noncurrent Assets	258	238	240	250	254	260	250
Goodwill	95	94	94	93	94	94	89
Intangible Assets	7.60	7.98	6.85	7.54	7.89	8.23	7.47
Noncurrent Deferred & Refundable Income Taxes	13	14	14	10	9.40	9.40	9.45
Other Noncurrent Operating Assets	143	122	126	139	143	149	144
Total Liabilities & Shareholders' Equity	582	546	553	539	551	562	554
Total Liabilities	378	354	341	331	348	365	354
Total Current Liabilities	268	253	237	224	239	254	231
Short-Term Debt	60	87	70	32	80	100	45
Accounts Payable	28	23	33	25	23	23	26
Accrued Expenses	146	113	106	138	107	104	133
Current Deferred Revenue	8.45	8.48	9.08	7.87	9.00	8.91	7.33
Current Employee Benefit Liabilities	6.47	3.98	1.59	5.55	3.52	1.44	4.20
Other Current Liabilities	19	17	17	16	16	16	15
Total Noncurrent Liabilities	110	102	104	107	109	112	123
Noncurrent Deferred & Payable Income Tax Liabilities	1.12	1.05	1.05	0.97	1.00	0.98	0.85
Noncurrent Employee Benefit Liabilities	19	16	14	10	10	8.60	13
Other Noncurrent Operating Liabilities	89	84	89	95	98	102	109
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	205	192	212	208	203	197	201
Total Preferred & Common Equity	205	192	212	208	203	197	201
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	205	192	212	208	203	197	201
Common Stock	1.31	0.00	0.00	1.36	0.47	0.00	1.03
Retained Earnings	214	205	225	221	215	211	218
Accumulated Other Comprehensive Income / (Loss)	-11	-14	-13	-15	-13	-14	-19

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

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/28/2024	12/30/2023	12/31/2022	1/1/2022	1/2/2021	12/28/2019	12/29/2018	12/30/2017	12/31/2016	1/2/2016	1/3/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	10.17%	5.60%	4.41%	11.32%	12.63%	8.07%	12.86%	13.95%	6.99%	-0.92%	10.03%
EBITDA Growth	18.97%	-5.14%	6.61%	35.68%	20.98%	24.72%	61.71%	-19.05%	65.31%	-39.41%	21.72%
EBIT Growth	25.95%	-7.47%	9.74%	58.58%	24.20%	-5.17%	89.45%	-30.16%	90.33%	-50.53%	29.50%
NOPAT Growth	17.66%	-2.81%	1.80%	68.76%	11.62%	1.11%	180.72%	-34.92%	85.41%	-52.01%	19.07%
Net Income Growth	21.24%	-11.78%	4.65%	70.07%	18.12%	-7.68%	191.81%	-45.89%	125.03%	-52.82%	19.33%
EPS Growth	25.05%	-8.80%	8.44%	77.52%	21.34%	0.00%	0.00%	-40.27%	79.52%	-39.86%	0.00%
Operating Cash Flow Growth	-17.21%	139.13%	-66.81%	38.48%	96.40%	-23.09%	-21.08%	-4.79%	135.82%	-32.26%	63.43%
Free Cash Flow Firm Growth	-44.22%	1,456.11%	-94.63%	94.66%	276.99%	-47.43%	87.93%	-70.39%	2,671.17%	-94.61%	581.97%
Invested Capital Growth	11.32%	-7.34%	28.63%	-14.47%	-5.10%	8.63%	3.43%	-0.75%	-10.78%	3.29%	-3.96%
Revenue Q/Q Growth	2.20%	2.74%	1.76%	-0.47%	3.70%	2.38%	2.89%	4.95%	2.24%	-1.94%	0.92%
EBITDA Q/Q Growth	7.71%	5.92%	-0.55%	3.27%	6.85%	2.12%	32.45%	-14.35%	25.66%	-31.61%	2.91%
EBIT Q/Q Growth	10.03%	8.79%	-0.82%	5.42%	9.16%	-6.84%	45.33%	-21.58%	35.90%	-42.05%	3.36%
NOPAT Q/Q Growth	4.72%	5.76%	3.02%	3.14%	8.41%	-3.26%	61.95%	-35.44%	57.95%	-48.68%	-0.49%
Net Income Q/Q Growth	8.18%	7.81%	0.01%	4.94%	8.61%	-9.10%	68.05%	-36.03%	48.76%	-50.03%	0.20%
EPS Q/Q Growth	9.24%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-36.43%	35.45%	-38.97%	0.00%
Operating Cash Flow Q/Q Growth	63.55%	-0.06%	-6.19%	-4.44%	47.39%	12.79%	21.96%	15.39%	16.05%	40.53%	-34.94%
Free Cash Flow Firm Q/Q Growth	55.63%	12.73%	-68.50%	-3.94%	150.48%	4.68%	130.42%	27.99%	48.35%	181.09%	-45.11%
Invested Capital Q/Q Growth	-22.78%	-21.59%	-18.90%	-26.71%	-25.17%	-17.46%	-18.19%	-18.20%	-15.21%	-11.33%	-7.37%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	30.18%	29.52%	30.60%	29.31%	27.08%	29.60%	30.76%	30.06%	29.99%	31.59%	32.50%
EBITDA Margin	14.18%	13.13%	14.62%	14.32%	11.75%	10.94%	9.48%	6.61%	9.31%	6.02%	9.85%
Operating Margin	10.29%	9.22%	9.94%	9.85%	6.84%	6.50%	6.93%	4.26%	5.83%	4.08%	7.85%
EBIT Margin	10.28%	8.99%	10.26%	9.76%	6.85%	6.21%	7.08%	4.22%	6.88%	3.87%	7.75%
Profit (Net Income) Margin	6.79%	6.17%	7.38%	7.36%	4.82%	4.60%	5.38%	2.08%	4.38%	2.08%	4.38%
Tax Burden Percent	70.43%	73.59%	74.18%	76.79%	72.89%	77.42%	77.67%	50.78%	65.02%	53.53%	57.50%
Interest Burden Percent	93.75%	93.21%	96.99%	98.24%	96.51%	95.53%	97.81%	97.12%	97.90%	100.58%	98.19%
Effective Tax Rate	29.57%	26.41%	25.82%	23.21%	27.11%	22.58%	22.33%	49.22%	34.98%	46.47%	42.50%
Return on Invested Capital (ROIC)	28.32%	24.46%	27.28%	28.25%	15.12%	13.75%	14.42%	5.21%	7.52%	3.90%	8.09%
ROIC Less NNEP Spread (ROIC-NNEP)	37.11%	34.51%	27.19%	30.26%	17.52%	19.95%	14.43%	5.77%	3.30%	4.62%	8.94%
Return on Net Nonoperating Assets (RNNOA)	-6.32%	-6.28%	-6.36%	-8.16%	-3.07%	-3.22%	-3.29%	-1.50%	-0.72%	-0.93%	-1.98%
Return on Equity (ROE)	22.00%	18.18%	20.92%	20.09%	12.05%	10.53%	11.13%	3.71%	6.79%	2.97%	6.10%
Cash Return on Invested Capital (CROIC)	17.61%	32.08%	2.23%	43.85%	20.35%	5.48%	11.05%	5.96%	18.91%	0.66%	12.13%
Operating Return on Assets (OROA)	12.57%	10.16%	10.96%	9.92%	6.38%	6.21%	8.08%	4.56%	7.02%	3.75%	7.49%
Return on Assets (ROA)	8.30%	6.97%	7.89%	7.48%	4.49%	4.59%	6.13%	2.25%	4.47%	2.02%	4.23%
Return on Common Equity (ROCE)	22.00%	18.18%	20.92%	20.09%	12.05%	10.53%	11.12%	3.70%	6.80%	2.97%	6.08%
Return on Equity Simple (ROE_SIMPLE)	22.00%	18.14%	20.66%	20.25%	11.72%	10.49%	11.44%	3.72%	6.87%	2.99%	6.26%
Net Operating Profit after Tax (NOPAT)	50	42	44	43	25	23	22	8.01	12	6.63	14
NOPAT Margin	7.25%	6.79%	7.37%	7.56%	4.99%	5.03%	5.38%	2.16%	3.79%	2.19%	4.51%
Net Nonoperating Expense Percent (NNEP)	-8.78%	-10.04%	0.10%	-2.01%	-2.40%	-6.20%	0.00%	-0.57%	4.22%	-0.73%	-0.86%
Return On Investment Capital (ROIC_SIMPLE)	23.50%	19.97%	20.64%	-	-	-	-	-	-	-	-
Cost of Revenue to Revenue	69.82%	70.48%	69.40%	70.69%	72.92%	70.40%	69.24%	69.94%	70.01%	68.41%	67.50%
SG&A Expenses to Revenue	18.19%	18.45%	18.63%	17.21%	17.71%	20.74%	21.44%	23.38%	21.73%	23.86%	22.55%
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	19.89%	20.30%	20.66%	19.46%	20.23%	23.10%	23.83%	25.80%	24.16%	27.51%	24.65%
Earnings before Interest and Taxes (EBIT)	71	56	61	55	35	28	30	16	22	12	24
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	97	82	86	81	60	49	40	24	30	18	30
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	5.97	3.23	4.03	3.26	1.81	1.96	1.55	1.59	1.30	0.70	1.20
Price to Tangible Book Value (P/TBV)	11.40	6.17	7.77	5.95	3.30	3.77	3.03	3.03	2.08	1.13	2.02
Price to Revenue (P/Rev)	1.84	1.10	1.44	1.18	0.74	0.86	0.73	0.89	0.83	0.49	0.84
Price to Earnings (P/E)	27.15	17.80	19.53	16.08	15.42	18.67	13.52	43.25	20.93	19.37	18.81
Dividend Yield	0.94%	1.53%	1.08%	1.21%	1.95%	1.66%	1.89%	1.45%	0.43%	0.00%	0.00%
Earnings Yield	3.68%	5.62%	5.12%	6.22%	6.48%	5.36%	7.40%	2.31%	4.78%	5.16%	5.32%
Enterprise Value to Invested Capital (EV/IC)	6.69	3.84	4.56	4.32	2.03	2.10	1.68	1.80	1.40	0.63	1.25
Enterprise Value to Revenue (EV/Rev)	1.80	1.02	1.39	1.07	0.65	0.80	0.64	0.75	0.67	0.36	0.69
Enterprise Value to EBITDA (EV/EBITDA)	12.72	7.80	9.50	7.46	5.57	7.33	6.72	11.28	7.17	5.99	6.95
Enterprise Value to EBIT (EV/EBIT)	17.55	11.40	13.53	10.94	9.54	12.89	8.99	17.68	9.70	9.32	8.84
Enterprise Value to NOPAT (EV/NOPAT)	24.89	15.10	18.83	14.12	13.10	15.92	11.83	34.48	17.62	16.51	15.18
Enterprise Value to Operating Cash Flow (EV/OCF)	24.93	10.64	32.65	7.98	6.08	13.00	7.35	6.02	4.50	5.36	6.96
Enterprise Value to Free Cash Flow (EV/FCFF)	40.02	11.51	229.83	9.09	9.74	39.95	15.44	30.12	7.00	98.06	10.12
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	-0.17	-0.18	-0.23	-0.27	-0.18	-0.16	-0.23	-0.26	-0.22	-0.20	-0.22
Leverage Ratio	2.65	2.61	2.65	2.69	2.68	2.29	1.81	1.65	1.52	1.47	1.44
Compound Leverage Factor	2.49	2.43	2.57	2.64	2.59	2.19	1.78	1.60	1.49	1.48	1.42
Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.04%	0.45%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.04%	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%	0.45%
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	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.15%	0.32%	-0.33%	0.29%
Common Equity to Total Capital	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	99.85%	99.68%	100.29%	99.26%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.03
Net Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-2.08	-1.56
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	0.03
Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.01	0.07
Net Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-5.74	-3.42
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	0.07
Altman Z-Score	4.32	3.30	3.58	3.12	2.35	2.27	3.26	3.31	3.63	2.86	3.66
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.08%	0.24%	-0.01%	-0.02%	0.33%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.07	1.12	1.15	1.17	1.10	1.07	1.27	1.51	1.81	1.63	1.64
Quick Ratio	1.01	1.08	1.09	1.12	1.06	1.03	1.23	1.42	1.61	1.49	1.52
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	31	56	3.57	66	34	9.05	17	9.16	31	1.12	21
Operating Cash Flow to CapEx	299.19%	2,538.97%	658.83%	2,885.93%	319.78%	166.73%	234.28%	470.00%	369.83%	124.40%	739.33%
Free Cash Flow to Firm to Interest Expense	7.01	14.57	1.95	68.50	28.07	7.22	26.62	18.94	66.00	0.00	48.10
Operating Cash Flow to Interest Expense	11.26	15.76	13.76	78.04	44.95	22.19	55.93	94.75	102.69	0.00	69.95
Operating Cash Flow Less CapEx to Interest Expense	7.50	15.14	11.67	75.34	30.90	8.88	32.06	74.59	74.93	0.00	60.49
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.22	1.13	1.07	1.02	0.93	1.00	1.14	1.08	1.02	0.97	0.97
Accounts Receivable Turnover	3.28	3.16	3.31	3.60	3.42	3.28	3.42	3.61	3.65	3.58	3.71
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	16.49	14.90	11.91	9.72	8.19	8.25	9.01	9.13	9.59	13.19	20.19
Accounts Payable Turnover	16.88	15.63	16.05	18.63	16.30	13.24	14.31	16.08	16.61	15.18	15.06
Days Sales Outstanding (DSO)	111.27	115.40	110.27	101.43	106.58	111.19	106.59	101.15	100.12	101.93	98.46
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)	21.62	23.36	22.74	19.59	22.40	27.57	25.50	22.71	21.98	24.04	24.24
Cash Conversion Cycle (CCC)	89.65	92.04	87.53	81.84	84.18	83.62	81.08	78.45	78.14	77.89	74.23
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	185	167	180	140	163	172	158	153	154	173	167
Invested Capital Turnover	3.91	3.60	3.70	3.74	3.03	2.73	2.68	2.41	1.98	1.78	1.79
Increase / (Decrease) in Invested Capital	19	-13	40	-24	-8.77	14	5.25	-1.16	-19	5.52	-6.91
Enterprise Value (EV)	1,240	639	820	604	332	362	266	276	217	110	210
Market Capitalization	1,267	685	852	670	378	387	304	330	270	148	256
Book Value per Share	$31.28	$30.29	$29.59	$27.71	$26.88	$25.55	$24.25	$25.52	$25.05	$23.61	$22.47
Tangible Book Value per Share	$16.39	$15.84	$15.37	$15.18	$14.75	$13.28	$12.40	$13.40	$15.68	$14.63	$13.33
Total Capital	212	212	211	206	209	198	196	207	208	211	216
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.08	0.98
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.98
Net Debt	-27	-46	-31	-66	-46	-26	-38	-54	-54	-38	-47
Capital Expenditures (CapEx)	17	2.37	3.81	2.62	17	17	15	9.76	13	16	4.08
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-8.66	-16	0.29	-30	-26	-13	0.62	8.27	23	16	8.06
Debt-free Net Working Capital (DFNWC)	18	29	32	36	20	13	39	62	76	54	56
Net Working Capital (NWC)	18	29	32	36	20	13	39	62	76	54	56
Net Nonoperating Expense (NNE)	3.18	3.87	-0.05	1.12	0.86	1.98	0.00	0.30	-1.93	0.31	0.42
Net Nonoperating Obligations (NNO)	-27	-46	-31	-66	-46	-26	-38	-54	-54	-38	-47
Total Depreciation and Amortization (D&A)	27	26	26	26	25	21	10.00	8.86	7.88	6.54	6.44
Debt-free, Cash-free Net Working Capital to Revenue	-1.26%	-2.60%	0.05%	-5.28%	-5.08%	-2.87%	0.15%	2.23%	7.05%	5.36%	2.63%
Debt-free Net Working Capital to Revenue	2.63%	4.71%	5.37%	6.41%	3.90%	2.81%	9.25%	16.83%	23.53%	17.92%	18.36%
Net Working Capital to Revenue	2.63%	4.71%	5.37%	6.41%	3.90%	2.81%	9.25%	16.83%	23.53%	17.90%	18.36%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$6.82	$5.48	$6.02	$5.59	$0.00	$2.63	$2.76	$0.91	$1.50	$0.00	$1.40
Adjusted Weighted Average Basic Shares Outstanding	6.82M	7.01M	7.22M	7.42M	7.77M	7.87M	8.11M	8.29M	8.50M	9.01M	9.75M
Adjusted Diluted Earnings per Share	$6.74	$5.39	$5.91	$5.45	$0.00	$2.53	$2.61	$0.89	$1.49	$0.00	$1.38
Adjusted Weighted Average Diluted Shares Outstanding	6.91M	7.12M	7.36M	7.62M	7.95M	8.17M	8.57M	8.50M	8.60M	9.20M	9.90M
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	6.79M	6.96M	7.18M	7.40M	7.65M	7.85M	8.05M	8.38M	8.54M	8.93M	9.21M
Normalized Net Operating Profit after Tax (NOPAT)	50	42	44	43	25	23	22	8.01	12	9.06	14
Normalized NOPAT Margin	7.25%	6.79%	7.37%	7.56%	4.99%	5.03%	5.38%	2.16%	3.79%	2.98%	4.51%
Pre Tax Income Margin	9.64%	8.38%	9.95%	9.59%	6.61%	5.94%	6.93%	4.10%	6.74%	3.89%	7.61%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	16.00	14.72	33.20	56.95	28.65	22.37	45.72	32.26	47.67	0.00	55.10
NOPAT to Interest Expense	11.28	11.11	23.86	44.13	20.86	18.12	34.74	16.54	26.23	0.00	32.08
EBIT Less CapEx to Interest Expense	12.23	14.10	31.11	54.25	14.59	9.06	21.84	12.10	19.90	0.00	45.63
NOPAT Less CapEx to Interest Expense	7.52	10.49	21.77	41.42	6.80	4.81	10.86	-3.62	-1.54	0.00	22.61
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	26.36%	28.08%	21.96%	19.89%	30.62%	32.70%	27.07%	71.17%	8.19%	0.00%	0.00%
Augmented Payout Ratio	97.85%	109.73%	85.31%	127.80%	85.18%	119.79%	151.15%	324.75%	143.90%	202.47%	190.14%

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

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/28/2024	9/28/2024	6/29/2024	3/30/2024	12/30/2023	9/30/2023	7/1/2023	4/1/2023	12/31/2022	10/1/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	9.17%	13.69%	5.85%	12.39%	11.48%	-0.60%	8.63%	3.01%	7.58%	8.82%
EBITDA Growth	30.84%	35.36%	-18.04%	31.28%	25.35%	-22.26%	-6.41%	-10.89%	-2.58%	18.40%
EBIT Growth	39.85%	51.43%	-27.13%	47.94%	39.01%	-30.27%	-8.89%	-16.30%	-4.12%	27.04%
NOPAT Growth	17.96%	48.83%	-30.94%	45.70%	21.95%	-20.78%	3.31%	-15.19%	15.41%	2.10%
Net Income Growth	30.79%	33.05%	-31.24%	53.52%	32.12%	-27.62%	-18.34%	-21.95%	0.07%	8.52%
EPS Growth	35.40%	38.02%	-29.85%	58.54%	0.00%	-25.77%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Growth	32.16%	-51.37%	-64.37%	9.95%	-0.06%	48.30%	129.88%	-13.28%	-2.68%	-12.63%
Free Cash Flow Firm Growth	-115.31%	-180.67%	538.84%	217.96%	187.08%	190.99%	60.52%	-564.39%	-190.92%	-151.42%
Invested Capital Growth	11.32%	13.03%	-5.37%	-6.35%	-7.34%	-4.16%	6.40%	15.85%	28.63%	16.24%
Revenue Q/Q Growth	5.18%	-2.15%	-0.20%	6.30%	9.53%	-8.90%	5.97%	5.43%	-2.33%	-0.44%
EBITDA Q/Q Growth	22.19%	36.11%	-31.08%	14.14%	26.41%	-17.58%	10.39%	8.99%	-21.60%	-0.78%
EBIT Q/Q Growth	29.23%	57.58%	-43.02%	20.53%	39.93%	-24.17%	15.67%	13.26%	-29.81%	-0.91%
NOPAT Q/Q Growth	13.52%	70.93%	-45.66%	11.88%	43.22%	-20.69%	14.64%	-6.36%	-6.97%	3.44%
Net Income Q/Q Growth	31.04%	74.93%	-52.25%	19.48%	33.31%	-9.59%	6.62%	2.82%	-26.98%	2.01%
EPS Q/Q Growth	30.54%	77.66%	-51.79%	21.12%	33.06%	-9.70%	8.94%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	151.47%	1,647.87%	102.86%	-204.96%	-7.47%	1,180.60%	107.24%	-216.49%	37.31%	358.02%
Free Cash Flow Firm Q/Q Growth	72.85%	-165.89%	-28.10%	19.00%	43.09%	458.45%	80.67%	12.15%	-49.50%	-55.54%
Invested Capital Q/Q Growth	-22.78%	-5.54%	3.86%	46.93%	-21.59%	-20.92%	2.78%	45.38%	-18.90%	-12.20%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	31.68%	31.33%	26.90%	30.80%	30.27%	28.23%	30.03%	29.45%	-112.32%	31.11%
EBITDA Margin	16.78%	14.45%	10.39%	15.04%	14.00%	12.13%	13.41%	12.87%	12.45%	15.51%
Operating Margin	12.16%	10.96%	6.58%	11.42%	10.61%	7.31%	9.83%	8.96%	9.17%	10.03%
EBIT Margin	12.81%	10.42%	6.47%	11.34%	10.00%	7.83%	9.40%	8.61%	8.02%	11.16%
Profit (Net Income) Margin	8.49%	6.82%	3.81%	7.97%	7.09%	5.83%	5.87%	5.83%	5.98%	8.00%
Tax Burden Percent	69.43%	71.35%	68.01%	72.01%	73.65%	81.69%	69.85%	70.81%	77.85%	74.73%
Interest Burden Percent	95.52%	91.67%	86.64%	97.62%	96.29%	91.12%	89.39%	95.66%	95.84%	95.97%
Effective Tax Rate	30.57%	28.65%	32.00%	27.99%	26.35%	18.31%	30.15%	29.19%	22.15%	25.27%
Return on Invested Capital (ROIC)	32.99%	23.26%	11.18%	20.90%	28.16%	16.73%	16.03%	15.52%	26.43%	21.13%
ROIC Less NNEP Spread (ROIC-NNEP)	32.73%	14.82%	9.40%	20.00%	31.20%	14.98%	13.35%	13.59%	29.87%	41.76%
Return on Net Nonoperating Assets (RNNOA)	-5.58%	1.43%	3.05%	4.77%	-5.68%	0.93%	4.00%	2.70%	-6.99%	0.75%
Return on Equity (ROE)	27.41%	24.69%	14.23%	25.67%	22.48%	17.65%	20.03%	18.22%	19.44%	21.87%
Cash Return on Invested Capital (CROIC)	17.61%	8.80%	22.10%	25.05%	32.08%	22.71%	10.05%	2.52%	2.23%	5.50%
Operating Return on Assets (OROA)	15.66%	12.51%	7.70%	13.08%	11.30%	8.70%	10.42%	9.22%	8.57%	11.95%
Return on Assets (ROA)	10.38%	8.18%	4.54%	9.19%	8.01%	6.47%	6.50%	6.24%	6.39%	8.57%
Return on Common Equity (ROCE)	27.41%	24.69%	14.23%	25.67%	22.48%	17.65%	20.03%	18.22%	19.44%	21.87%
Return on Equity Simple (ROE_SIMPLE)	0.00%	21.09%	21.01%	20.42%	0.00%	17.16%	19.22%	20.89%	0.00%	21.73%
Net Operating Profit after Tax (NOPAT)	15	13	7.68	14	13	8.82	11	9.70	10	11
NOPAT Margin	8.44%	7.82%	4.48%	8.22%	7.81%	5.98%	6.86%	6.34%	7.14%	7.50%
Net Nonoperating Expense Percent (NNEP)	0.25%	8.44%	1.78%	0.90%	-3.03%	1.74%	2.68%	1.93%	-3.45%	-20.64%
Return On Investment Capital (ROIC_SIMPLE)	7.02%	-	-	-	5.95%	-	-	-	4.90%	-
Cost of Revenue to Revenue	68.32%	68.67%	73.10%	69.20%	69.73%	71.77%	69.97%	70.55%	212.32%	68.89%
SG&A Expenses to Revenue	17.72%	18.64%	18.67%	17.75%	17.93%	18.92%	18.43%	18.56%	19.36%	19.03%
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	19.52%	20.37%	20.31%	19.38%	19.66%	20.92%	20.20%	20.49%	-121.50%	21.07%
Earnings before Interest and Taxes (EBIT)	23	17	11	19	16	12	15	13	12	17
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	30	24	18	26	23	18	22	20	18	23
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	5.97	5.57	6.21	4.91	3.23	3.35	3.49	3.87	4.03	3.10
Price to Tangible Book Value (P/TBV)	11.40	11.12	13.25	9.35	6.17	6.52	7.00	8.02	7.77	5.97
Price to Revenue (P/Rev)	1.84	1.69	1.83	1.62	1.10	1.15	1.16	1.28	1.44	1.07
Price to Earnings (P/E)	27.15	26.39	29.57	24.03	17.80	19.52	18.15	18.52	19.53	14.25
Dividend Yield	0.94%	1.00%	0.94%	1.05%	1.53%	1.45%	1.38%	1.26%	1.08%	1.43%
Earnings Yield	3.68%	3.79%	3.38%	4.16%	5.62%	5.12%	5.51%	5.40%	5.12%	7.02%
Enterprise Value to Invested Capital (EV/IC)	6.69	4.89	4.93	4.38	3.84	3.30	2.88	3.16	4.56	2.90
Enterprise Value to Revenue (EV/Rev)	1.80	1.75	1.92	1.67	1.02	1.15	1.27	1.39	1.39	1.11
Enterprise Value to EBITDA (EV/EBITDA)	12.72	12.97	14.89	12.17	7.80	9.06	9.37	9.84	9.50	7.40
Enterprise Value to EBIT (EV/EBIT)	17.55	18.28	21.51	17.18	11.40	13.60	13.66	14.23	13.53	10.51
Enterprise Value to NOPAT (EV/NOPAT)	24.89	24.67	28.93	22.93	15.10	17.51	18.27	19.73	18.83	15.19
Enterprise Value to Operating Cash Flow (EV/OCF)	24.93	38.60	19.65	15.99	10.64	11.67	19.85	48.85	32.65	23.99
Enterprise Value to Free Cash Flow (EV/FCFF)	40.02	58.96	21.71	16.92	11.51	14.23	29.55	134.86	229.83	56.69
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.29	0.45	0.33	0.00	0.15	0.39	0.51	0.00	0.22
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	-0.17	0.10	0.32	0.24	-0.18	0.06	0.30	0.20	-0.23	0.02
Leverage Ratio	2.65	2.72	2.78	2.73	2.61	2.68	2.74	2.74	2.65	2.68
Compound Leverage Factor	2.53	2.49	2.41	2.66	2.51	2.44	2.45	2.62	2.54	2.57
Debt to Total Capital	0.00%	22.68%	31.21%	24.84%	0.00%	13.34%	28.29%	33.69%	0.00%	18.32%
Short-Term Debt to Total Capital	0.00%	22.68%	31.21%	24.84%	0.00%	13.34%	28.29%	33.69%	0.00%	18.32%
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	100.00%	77.32%	68.79%	75.16%	100.00%	86.66%	71.71%	66.31%	100.00%	81.68%
Debt to EBITDA	0.00	0.66	1.03	0.79	0.00	0.41	0.97	1.19	0.00	0.52
Net Debt to EBITDA	0.00	0.39	0.74	0.37	0.00	0.06	0.80	0.77	0.00	0.24
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	0.00	1.26	2.01	1.50	0.00	0.80	1.89	2.39	0.00	1.06
Net Debt to NOPAT	0.00	0.75	1.44	0.70	0.00	0.11	1.55	1.54	0.00	0.49
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	4.04	3.61	3.85	3.76	3.06	3.09	2.99	2.92	3.29	2.81
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	1.07	1.06	1.07	1.16	1.12	1.11	1.07	1.02	1.15	1.11
Quick Ratio	1.01	1.00	1.01	1.10	1.08	1.03	1.00	0.97	1.09	1.05
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-3.95	-15	22	31	26	18	-5.03	-26	-30	-20
Operating Cash Flow to CapEx	749.92%	1,057.74%	78.02%	-8,641.10%	16,787.43%	8,946.56%	704.44%	-12,464.59%	7,387.72%	4,699.25%
Free Cash Flow to Firm to Interest Expense	-3.90	-9.99	14.90	66.22	43.03	17.60	-3.12	-45.61	-61.38	-29.73
Operating Cash Flow to Interest Expense	78.40	21.68	1.22	-135.95	100.17	63.37	3.14	-122.68	124.51	65.66
Operating Cash Flow Less CapEx to Interest Expense	67.95	19.63	-0.34	-137.52	99.57	62.66	2.69	-123.67	122.82	64.27
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.22	1.20	1.19	1.15	1.13	1.11	1.11	1.07	1.07	1.07
Accounts Receivable Turnover	3.28	3.16	3.04	3.16	3.16	3.02	2.95	3.21	3.31	3.03
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	16.49	17.15	16.46	15.96	14.90	13.97	13.26	12.46	11.91	11.33
Accounts Payable Turnover	16.88	1.22	1.00	0.39	15.63	24.85	26.31	24.03	16.05	7.95
Days Sales Outstanding (DSO)	111.27	115.64	120.19	115.40	115.40	120.85	123.86	113.69	110.27	120.27
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)	21.62	299.97	363.67	928.71	23.36	14.69	13.87	15.19	22.74	45.92
Cash Conversion Cycle (CCC)	89.65	-184.33	-243.48	-813.31	92.04	106.16	109.99	98.50	87.53	74.35
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	185	240	254	245	167	212	269	261	180	222
Invested Capital Turnover	3.91	2.97	2.50	2.54	3.60	2.80	2.34	2.45	3.70	2.82
Increase / (Decrease) in Invested Capital	19	28	-14	-17	-13	-9.23	16	36	40	31
Enterprise Value (EV)	1,240	1,174	1,253	1,072	639	701	773	826	820	642
Market Capitalization	1,267	1,138	1,191	1,039	685	697	707	761	852	621
Book Value per Share	$31.28	$30.17	$27.73	$30.41	$30.29	$29.70	$28.86	$27.40	$29.59	$28.00
Tangible Book Value per Share	$16.39	$15.09	$13.00	$15.95	$15.84	$15.27	$14.38	$13.22	$15.37	$14.54
Total Capital	212	265	279	282	212	240	283	297	211	246
Total Debt	0.00	60	87	70	0.00	32	80	100	0.00	45
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	-27	36	62	33	-46	4.40	66	64	-31	21
Capital Expenditures (CapEx)	11	2.99	2.32	0.73	0.36	0.73	0.72	0.56	0.81	0.93
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-8.66	53	81	72	-16	29	81	69	0.29	47
Debt-free Net Working Capital (DFNWC)	18	77	106	109	29	56	96	105	32	71
Net Working Capital (NWC)	18	17	19	39	29	24	16	4.51	32	26
Net Nonoperating Expense (NNE)	-0.09	1.68	1.14	0.44	1.17	0.22	1.61	0.78	1.68	-0.75
Net Nonoperating Obligations (NNO)	-27	36	62	33	-46	4.40	66	64	-31	21
Total Depreciation and Amortization (D&A)	7.01	6.75	6.71	6.36	6.47	6.36	6.50	6.51	6.43	6.47
Debt-free, Cash-free Net Working Capital to Revenue	-1.26%	7.85%	12.39%	11.13%	-2.60%	4.75%	13.39%	11.59%	0.05%	8.14%
Debt-free Net Working Capital to Revenue	2.63%	11.49%	16.17%	16.90%	4.71%	9.30%	15.74%	17.55%	5.37%	12.29%
Net Working Capital to Revenue	2.63%	2.57%	2.84%	6.01%	4.71%	4.03%	2.59%	0.76%	5.37%	4.54%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.21	$1.68	$0.96	$1.97	$1.65	$1.22	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic Shares Outstanding	6.82M	6.76M	6.83M	6.93M	7.01M	6.98M	6.98M	7.12M	7.22M	7.12M
Adjusted Diluted Earnings per Share	$2.18	$1.67	$0.94	$1.95	$1.61	$1.21	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	6.91M	6.84M	6.91M	7.01M	7.12M	7.08M	7.08M	7.25M	7.36M	7.25M
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	6.79M	6.78M	6.78M	6.92M	6.96M	7.00M	7.00M	7.03M	7.18M	7.13M
Normalized Net Operating Profit after Tax (NOPAT)	15	13	7.68	14	13	8.82	11	9.70	10	11
Normalized NOPAT Margin	8.44%	7.82%	4.48%	8.22%	7.81%	5.98%	6.86%	6.34%	7.14%	7.50%
Pre Tax Income Margin	12.23%	9.56%	5.61%	11.07%	9.63%	7.13%	8.40%	8.24%	7.68%	10.71%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	22.31	12.00	7.48	41.97	26.93	11.27	9.42	23.06	24.07	24.83
NOPAT to Interest Expense	14.70	9.01	5.18	30.45	21.05	8.60	6.88	16.98	21.44	16.69
EBIT Less CapEx to Interest Expense	11.85	9.95	5.92	40.40	26.34	10.56	8.98	22.07	22.38	23.43
NOPAT Less CapEx to Interest Expense	4.25	6.96	3.61	28.87	20.45	7.89	6.43	16.00	19.75	15.29
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	26.36%	27.56%	28.68%	25.85%	28.08%	29.40%	26.10%	24.09%	21.96%	21.20%
Augmented Payout Ratio	97.85%	123.07%	130.92%	72.28%	109.73%	95.45%	99.42%	129.30%	85.31%	96.01%

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. See CRA International's forecast for analyst expectations on what’s next for the company.

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 5/24/2025 by MarketBeat.com Staff

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CRA International (CRAI) Financials

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CRA International (CRAI) Financials

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