Educational research only—not investment advice or a recommendation. Scores and estimates may use delayed, incomplete, restated, or corrected market and filing data. Independently verify information before making an investment decision.

CRA International, Inc.

CRAINASDAQ
Wall Street Score · overall investment45/100
$192.84USD$-1.46 (-0.75%)
Company website www.crai.com
Headquarters200 Clarendon Street, Boston, MA, 02116-5092, US
Financial statement currencyUSD · no FX conversion applied
Industrials · Consulting Services
Price updated todayFinancials updated Oct 1, 2026

CRAI · Price history

Price at last available close

$192.84

+$26.90 (+16.21%) 1M

2026-10-28

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Company & revenue

About CRA International, Inc.

Primary reporting period: 2026-01-03 · Research updated Oct 12, 2026. A research update is not a new financial filing.

Who they are

CRA International, Inc., along with its affiliated entities, delivers specialized advisory services across the domains of economics, finance, and management in the United States, the United Kingdom, and globally. The firm provides expert guidance to clients on economic and financial considerations arising from legal disputes and regulatory challenges. Additionally, it collaborates with corporations to address matters of business strategy and operational effectiveness.

How they make money

CRA International, Inc. provides economic, financial, and business management consulting services. The company generates revenue primarily through professional fees charged for the time and expertise of its consultants, who apply advanced analytical techniques to complex engagements for law firms, corporations, and government entities.

Products & services

Consulting services in two broad areas: litigation, regulatory, and financial consulting, and management consulting, delivered through an international network of offices.

Brands & revenue mix

Charles River Associates

The primary registered trade name under which the company operates its consulting business.

Separate brand revenue is not available in this research.Source

Revenue share is not unit sales or a best-seller ranking. Parent brands and included sub-brands can overlap; do not add overlapping rows.

Product / operating segments

Time-and-Materials ContractUSD 621.03M82.6%

Period ended 2026-01-03Source

Fixed-Price ContractUSD 130.55M17.4%

Period ended 2026-01-03Source

Calculated from reported segment revenue. Check the source period and revenue basis before comparing shares. Categories can overlap and may not add to 100%.

Geographic revenue

UNITED STATESUSD 602.21M80.1%

Period ended 2026-01-03Source

UNITED KINGDOMUSD 101.21M13.5%

Period ended 2026-01-03Source

Countries Other Than United States United KingdomUSD 48.16M6.4%

Period ended 2026-01-03Source

Calculated from reported segment revenue. Check the source period and revenue basis before comparing shares. Categories can overlap and may not add to 100%.

Customer types

  • Law firmsSource
  • CorporationsSource
  • Domestic and foreign government agenciesSource
  • Public and private utilitiesSource
  • National and international trade associationsSource

Customer concentration

The company does not have a single client that accounts for 10% or more of its consolidated revenue as of the fiscal year ended January 3, 2026.

Suppliers, materials & equipment

  • Professional services and office infrastructure providers — The company relies on various third-party vendors for office space, technology infrastructure, and professional business services to support its global operations.Source

Strengths

  • High level of repeat businessSource
  • Base of highly recognized employee consultantsSource

Risks

  • Dependence on the ability to attract and retain qualified consultantsSource
  • Risks associated with international operations and foreign currency fluctuationsSource

Wall Street Score

Overall investment score · Quality, value, risk and opportunity

45

Weak

PoorElite

View category scores →

Company Quality

How good is the actual business—regardless of today’s stock price?

68

Fair

Financial Strength

62

Business Quality / Moat

60

Management

90

Growth Quality

44

Risk / Durability

96

Weak Company · Expensive Stock

Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.

Opportunity

Opportunity Score · How does the current price compare with estimated value?

48

Avoid

Based on current valuation, company quality, recent trends, and available market signals.

View score details →

Model Outlook

12-month model · What does the model think happens next?

53/100

Building Historical Record

Model Score 53/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.

Probability unavailable — the model has not produced a calibrated probability yet.

Click for full breakdown →

WSS View

The quick read

The overall Wall Street Score is low across its combined quality, valuation and risk inputs. This can reflect an expensive share price, business weaknesses, or both; check Company Quality and the category breakdown before drawing a conclusion.

At today’s price, the WSS valuation framework currently reads as less attractive based on the available valuation and market data.

The model outlook is currently moderate.

What we like
  • •Recent buyback activity is present
What to watch
  • •Valuation is a weaker part of the current profile
  • •Revenue fundamentals are weak
  • •Asset quality is a weaker factor

Company-specific research

Questions worth answering for CRAI

Research inputs 100% complete

These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.

  • •Can CRAI maintain its current revenue growth rate and improve the amount of that revenue that turns into earnings and cash?
  • •Is CRAI's positive free cash flow repeatable, or is the current level being helped by temporary working-capital or spending changes?
  • •Is CRAI's debt load manageable relative to cash generation, interest costs and upcoming maturities?
Business analysis: 16 days ago · Fresh

Essential Investment Snapshot

Wall Street Score

45

0–100 · Weak

Opportunity Score

48

0–100 · Weak

Market Cap

$1.21B

P/E Ratio

21.6

EPS

$7.60

52-Week High

$227.29

52-Week Low

$132.17

Beta

0.64

Intrinsic Value

$191.49

Analyst Target

$194.00

Shares Outstanding

6.7M

Total Revenue

$794.6M

Total Debt

$194.2M

Dividend Yield (TTM)

1.18%

View dividend history

Liquidation Value / Share

$27.23

Estimated net asset value per share

Dividend / Share (TTM)

$2.28

Trailing 12 months by ex-date; not a forecast

Momentum & Volatility Signals

Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.

0–100 market signals
Momentum
82/ 100
+10 pts / 5d

Strong upward momentum

5D +5.2% · 20D +17.5% · RSI 68 · Price vs 20D avg +6.0%
Volatility
46/ 100
+19 pts / 5d

Normal movement

20D realized vol 46.0% · 60D 33.9% · Acceleration 1.36x
Momentum = Where is it going?

A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.

Volatility = How violently is it moving?

A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.

Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.

Notices for CRAI

Detected from reported data — verify before acting.

Dividend history reported

Dividend payments are recorded. Review the dates and regular/special classification below; past payments do not guarantee future dividends.

Historical repurchase activity

Reported cash flows or share-count measures indicate past repurchase activity. This does not verify an active buyback authorization or future purchases.

Community Sentiment

0 active · 0 total calls
0% Bullish (0) 0% Bearish (0)

No personal call yet on CRAI.

Potential upside factors

  • +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
  • +High level of repeat business.
  • +Base of highly recognized employee consultants.
  • +Positive free cash flow may provide capacity to invest in growth.

Potential downside factors

  • −Key risks may include competition, margin pressure, debt levels, valuation risk, and changes in demand within the Consulting Services industry.
  • −Dependence on the ability to attract and retain qualified consultants.
  • −Risks associated with international operations and foreign currency fluctuations.

These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.

Create a free account to make a call.

Scores

Click any score for full breakdown
Wall Street Score
Weak45/ 100
Weak (0–50)Fair (51–71)Strong (72+)

Weak

45

Tap for breakdown →

Fair

61

Debt Cost4.2%
Debt Reduction YoY-23.2%
Debt / Equity0.60x

Tap for breakdown →

Poor

28

Revenue YoY5.7%
Revenue CAGR9.8%
Net Margin6.2%

Tap for breakdown →

Weak

43

Asset Growth YoY10.1%
Liquidation/Share$27.23
Net Assets/MCap0.44x

Tap for breakdown →

Weak

43

Earnings Yield4.6%
Buyback Yield3.3%
Debt Cost4.2%

Tap for breakdown →

Elite

90

ROIC16.6%
ROE27.0%
ROA7.4%

Tap for breakdown →

Fair

60

EPS Growth19.3%
FCF/Share Growth-5.2%
Rev/Share Growth12.3%

Tap for breakdown →

Weak

41

Intrinsic Value$191.49
Value Reference$114.89
MOS-0.7%

Tap for breakdown →

Fair

54

Revenue28
Moat60
Valuation41

Tap for breakdown →

Poor

36

MOS %-0.7%
Value Reference$114.89
Deep Discount Reference$76.60

Tap for breakdown →

Poor

35

Interest Coverage15.5x
ROIC16.6%
FCF Yield1.7%

Tap for breakdown →

Poor

38

Financial35
Valuation41
Debt61

Tap for breakdown →

Fair

54

Survival Years0.2 yrs
Current Ratio0.92x
FCF Margin2.5%

Tap for breakdown →

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Score Changes

6 historical score records available

Previous Score

45

Sep 17, 2026

Change

+0.1

points

Current Score

45

Oct 1, 2026

Category Changes

Revenue0
Debt0
Assets0
Capital0
Management0
Moat+0.9
Valuation+0.2
Buffett+0.1

CRAI increased 0.1 points because overall fundamentals improved.

Projected Score

Projected Score

45

Projected Change

+0.4 points

Preliminary comparable-period financial changes suggest improvement of approximately 0.4 points. This is a projected estimate, not the official WallStreetScore.

Price vs. Value

Near Fair Value

Current Price

$192.84

Model Intrinsic Value

$191.49

Difference

+$1.35

+0.7% vs IV

Margin of Safety

-0.7%

UndervaluedFair ValueOvervalued
Value Reference: $114.89
Deep Discount Reference: $76.60

Financial Charts

Revenue

201420152016201720182019202020212022202320242026$0$200M$400M$600M$800M

Additional Metrics

Operating Cash Flow

201620172019202220232026$0$20M$40M$60M$80M

Total Debt

201620172019202220232026$0$40M$80M$120M$160M

Total Assets

201620172019202220232026$0$200M$400M$600M$800M

Net Margin %

No data
Monetary values in USD. Share counts in raw units.

Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.

Line ItemTTM2026202420232022202120202019201820172016
Revenue$794.6M$751.6M$687.4M$624.0M····························
Cost of Revenue$433.0M$533.4M$479.9M$452.2M····························
Gross Profit$361.7M$218.2M$207.5M$171.7M····························
Research & Development$0.00$0.00$0.00$0.00····························
SG&A Expenses$137.2M$135.0M$125.0M$115.1M····························
Operating Expenses$282.3M$135.0M$136.7M$115.1M····························
EBITDA$247.6M$96.1M$97.5M$81.9M····························
Operating Income$79.4M$83.1M$70.8M$56.6M····························
Interest Expense$5.1M$5.4M$4.4M$3.8M····························
Income Before Tax$72.3M$76.6M$66.2M$52.3M····························
Income Tax Expense$23.0M$21.8M$19.6M$13.8M····························
Net Income$49.3M$54.8M$46.7M$38.5M····························
Basic EPS$7.60$8.23$6.82$5.47····························
Basic Shares6.35M6.64M6.82M7.01M····························
Diluted Shares6.41M6.71M6.91M7.12M····························
Upgrade to Premium for up to 10 annual periods, where available.
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Earnings Summary

Estimated earnings date:A future estimated earnings date is not currently available.
Jul 4, 2026Q2FY2026

Revenue

$210.8M

Estimate unavailable.

Revenue Beat/Miss

Not available (no estimate stored)

EPS

$2.10

Estimate unavailable.

EPS Beat/Miss

Not available (no estimate stored)

Debt Change

-13.3%

Cash Change

-6.4%

Margin Change

-0.1 pp

Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.

Financial Changes Since Prior Period

What Improved

  • Debt reduced

What Weakened

  • Margins contracted
  • Cash position declined

Potential Score Impact

Positive indicators included revenue growth, EPS growth, debt levels. Pressure indicators included cash levels, net income margin. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.

Stored Earnings Analysis

Revenue increased 12.8%. EPS increased 17.3%. Cash declined 6.4%. Total debt declined 13.3%. Net income margin declined by 0.1 percentage points.

Earnings-Call Transcript

Earnings-call transcript analysis is not currently available.

These results may influence future scores when the next evaluation is completed.

Upgrade to Premium to unlock all earnings history.View plans
Earnings data: 117 days ago · Stale

Insider Activity

Guru / Smart Money

Guru Score

Smart Money

Number of Gurus

Total Guru Value

Avg Portfolio Weight

Largest Holder

Largest Holder %

New Positions

Increased Positions

Reduced Positions

Exited Positions

Net Guru Sentiment

Short Interest

Government disclosed trading activity is available on the Smart Money directory. Filings may be delayed and may not represent complete current holdings.

Dividend History

Log in to view dividend history.

Conservative Projected Values

3 Years

$———.——

Premium

5 Years

$———.——

Premium

10 Years

$———.——

Premium

Conservative Projection Rate

——%

Premium

Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.

Conservative Projected Values

Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.

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Historical Outperformance Record

Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.

Start 7-Day Free Trial

Historical Trends

6 historical records
Jul 23, 26Aug 12, 26Sep 3, 26Sep 5, 26Sep 17, 26Oct 1, 260255075100

Historical Score Chart

3 of 6 records shown
3 historical score records are shown. Start your seven-day free trial to unlock 3 more records and the complete score history.Start Free Trial

Wall Street Score

Sep 5, 26Sep 17, 26Oct 1, 260255075100

Debt Score

Sep 5, 26Sep 17, 26Oct 1, 260255075100

Revenue Score

Sep 5, 26Sep 17, 26Oct 1, 260255075100

Asset Score

Sep 5, 26Sep 17, 26Oct 1, 260255075100

Capital Score

Sep 5, 26Sep 17, 26Oct 1, 260255075100

Management Score

Sep 5, 26Sep 17, 26Oct 1, 260255075100

Moat Score

Sep 5, 26Sep 17, 26Oct 1, 260255075100

Valuation Score

Sep 5, 26Sep 17, 26Oct 1, 260255075100

Buffett Score

Sep 5, 26Sep 17, 26Oct 1, 260255075100

Intrinsic Value

Sep 5, 26Sep 17, 26Oct 1, 26$189.00$190.00$191.00$192.00$193.00

Value Reference

Sep 5, 26Sep 17, 26Oct 1, 26$112.00$113.00$114.00$115.00$116.00

Margin of Safety %

Sep 5, 26Sep 17, 26Oct 1, 260.1%0.1%0.1%0.1%0.1%

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News

Rumor Mill · CRAI

Corporate developments & opportunities

Explore market →

No reviewed developments match this filter.

Evidence credibility is not a forecast of stock performance. Rumor Mill is separate from the WSS score.

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