Booz Allen Hamilton Holding Corporation (BAH) 10-Year Financial Performance & Capital Metrics

BAH • • Industrial / General

IndustrialsConsulting ServicesManagement & Strategy ConsultingGovernment & Defense Consultants

AboutBooz Allen Hamilton Holding Corporation provides management and technology consulting, analytics, engineering, digital solutions, mission operations, and cyber services to governments, corporations, and not-for-profit organizations in the United States and internationally. The company offers consulting solutions for various domains, business strategies, human capital, and operations. It also provides analytics services, which focuses on delivering transformational solutions in the areas of artificial intelligence, such as machine learning and deep learning; data science, such as data engineering and predictive modeling; automation and decision analytics; and quantum computing. In addition, the company designs, develops, and implements solutions built on contemporary methodologies and modern architectures; delivers engineering services and solutions to define, develop, implement, sustain, and modernize complex physical systems; and provides cyber risk management solutions, such as prevention, detection, and cost effectiveness. Booz Allen Hamilton Holding Corporation was founded in 1914 and is headquartered in McLean, Virginia.Show more

Revenue $11.98B +12.4%
EBITDA $1.53B +30.3%
Net Income $935M +54.4%
EPS (Diluted) 7.25 +58.0%
Gross Margin 54.77% +1.7%
EBITDA Margin 12.81% +16.0%
Operating Margin 11.44% +20.3%
Net Margin 7.8% +37.4%
ROE 91.22% +53.5%
ROIC 24.27% +24.2%
Debt/Equity 4.21 +21.1%
Interest Coverage 6.99 +29.7%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 59.1%
✓Strong Piotroski F-Score: 8/9
✓Healthy dividend yield of 2.2%
✓Efficient asset utilization: 1.6x turnover

✗Weaknesses

✗High debt to equity ratio of 4.2x
✗Trading more than 30% below 52-week high
✗Expensive at 12.4x book value

Price & Volume

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Growth Metrics

Revenue CAGR

10Y8.55%

5Y9.93%

3Y12.72%

TTM2.42%

Profit (Net Income) CAGR

10Y14.93%

5Y14.14%

3Y26.06%

TTM-0.64%

EPS CAGR

10Y16.91%

5Y16.28%

3Y28.21%

TTM2.83%

ROCE

10Y Avg20.44%

5Y Avg18.59%

3Y Avg19.18%

Latest26.5%

Peer Comparison

Government & Defense Consultants

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
BAHBooz Allen Hamilton Holding Corporation	11.78B	97.11	13.39	12.36%	7.04%	82.7%	7.73%	4.21

Profit & Loss

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Sales/Revenue+	5.41B	5.81B	6.17B	6.7B	7.46B	7.86B	8.36B	9.26B	10.66B	11.98B
Revenue Growth %	0.02%	0.07%	0.06%	0.09%	0.11%	0.05%	0.06%	0.11%	0.15%	0.12%
Cost of Goods Sold+	2.58B	2.68B	2.87B	3.1B	3.38B	3.66B	3.9B	4.3B	4.92B	5.42B
COGS % of Revenue	0.48%	0.46%	0.46%	0.46%	0.45%	0.47%	0.47%	0.46%	0.46%	0.45%
Gross Profit+	2.83B	3.13B	3.3B	3.6B	4.08B	4.2B	4.46B	4.95B	5.74B	6.56B
Gross Margin %	0.52%	0.54%	0.54%	0.54%	0.55%	0.53%	0.53%	0.54%	0.54%	0.55%
Gross Profit Growth %	0.05%	0.11%	0.05%	0.09%	0.13%	0.03%	0.06%	0.11%	0.16%	0.14%
Operating Expenses+	2.38B	2.62B	2.78B	3B	3.42B	3.45B	3.78B	4.51B	4.73B	5.19B
OpEx % of Revenue	0.44%	0.45%	0.45%	0.45%	0.46%	0.44%	0.45%	0.49%	0.44%	0.43%
Selling, General & Admin	806.51M	814.14M	855.54M	927.94M	1.04B	1.04B	1.16B	1.53B	1.28B	1.25B
SG&A % of Revenue	0.15%	0.14%	0.14%	0.14%	0.14%	0.13%	0.14%	0.17%	0.12%	0.1%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	1.57B	1.81B	1.93B	2.07B	2.38B	2.41B	2.62B	2.97B	3.45B	3.94B
Operating Income+	444.58M	506.01M	519.72M	602.39M	669.2M	754.37M	685.18M	446.85M	1.01B	1.37B
Operating Margin %	0.08%	0.09%	0.08%	0.09%	0.09%	0.1%	0.08%	0.05%	0.1%	0.11%
Operating Income Growth %	-0.03%	0.14%	0.03%	0.16%	0.11%	0.13%	-0.09%	-0.35%	1.27%	0.35%
EBITDA+	506.12M	565.56M	584.48M	670.97M	750.28M	838.69M	830.93M	612.33M	1.18B	1.53B
EBITDA Margin %	0.09%	0.1%	0.09%	0.1%	0.1%	0.11%	0.1%	0.07%	0.11%	0.13%
EBITDA Growth %	-0.03%	0.12%	0.03%	0.15%	0.12%	0.12%	-0.01%	-0.26%	0.92%	0.3%
D&A (Non-Cash Add-back)	61.54M	59.54M	64.76M	68.58M	81.08M	84.31M	145.75M	165.48M	164.2M	165M
EBIT	441.92M	482.27M	506.94M	600.89M	669.61M	718.75M	674.24M	484.69M	1.04B	1.41B
Net Interest Income+	-70.81M	-62.3M	-82.27M	-90.54M	-94.87M	-60.71M	-95.17M	-121.09M	-162M	-178M
Interest Income	0	0	0	0	0	0	0	0	26M	18M
Interest Expense	70.81M	62.3M	82.27M	90.54M	94.87M	60.71M	95.17M	121.09M	188M	196M
Other Income/Expense	-65.12M	-80.36M	-89.69M	-86.99M	-89.77M	-91.93M	-81.14M	-78.9M	-160.08M	-151M
Pretax Income+	379.46M	425.66M	430.04M	515.4M	579.43M	662.44M	604.04M	367.95M	853.32M	1.22B
Pretax Margin %	0.07%	0.07%	0.07%	0.08%	0.08%	0.08%	0.07%	0.04%	0.08%	0.1%
Income Tax+	85.37M	164.83M	128.34M	96.87M	96.83M	53.48M	137.47M	96.73M	247.61M	284M
Effective Tax Rate %	0.78%	0.61%	0.7%	0.81%	0.83%	0.92%	0.77%	0.74%	0.71%	0.77%
Net Income+	294.09M	260.82M	301.69M	418.53M	482.6M	608.96M	466.74M	271.79M	605.71M	935M
Net Margin %	0.05%	0.04%	0.05%	0.06%	0.06%	0.08%	0.06%	0.03%	0.06%	0.08%
Net Income Growth %	0.26%	-0.11%	0.16%	0.39%	0.15%	0.26%	-0.23%	-0.42%	1.23%	0.54%
Net Income (Continuing)	294.09M	260.82M	301.69M	418.53M	482.6M	608.96M	466.58M	271.21M	605.71M	935M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	651K	0	0	0
EPS (Diluted)+	1.94	1.67	2.05	2.91	3.41	4.37	3.44	2.03	4.59	7.25
EPS Growth %	0.28%	-0.14%	0.23%	0.42%	0.17%	0.28%	-0.21%	-0.41%	1.26%	0.58%
EPS (Basic)	1.98	1.69	2.08	2.94	3.43	4.40	3.46	2.04	4.61	7.28
Diluted Shares Outstanding	151.59M	151.19M	147.75M	143.16M	141.24M	138.7M	134.85M	132.72M	130.82M	128.29M
Basic Shares Outstanding	148.53M	149.4M	146.69M	141.91M	140.06M	137.72M	134.13M	132.16M	130.37M	127.76M
Dividend Payout Ratio	0.27%	0.36%	0.34%	0.27%	0.3%	0.3%	0.45%	0.87%	0.42%	0.29%

Balance Sheet

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Total Current Assets+	1.19B	1.29B	1.49B	1.7B	2.33B	2.64B	2.45B	2.29B	2.74B	3.31B
Cash & Short-Term Investments	187.53M	217.42M	286.96M	283.99M	741.9M	990.96M	695.91M	404.86M	554M	885M
Cash Only	187.53M	217.42M	286.96M	283.99M	741.9M	990.96M	695.91M	404.86M	554M	885M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	892.29M	991.81M	1.13B	1.33B	1.46B	1.41B	1.62B	1.77B	2.05B	2.27B
Days Sales Outstanding	60.25	62.31	67.09	72.43	71.37	65.57	70.83	69.97	70.08	69.19
Inventory	0	0	0	0	0	0	0	0	0	0
Days Inventory Outstanding	-	-	-	-	-	-	-	-	-	-
Other Current Assets	0	0	0	0	0	0	0	0	138M	157M
Total Non-Current Assets+	1.82B	2.08B	2.11B	2.13B	2.47B	2.86B	3.58B	4.26B	3.83B	4B
Property, Plant & Equipment	130.17M	139.17M	152.36M	172.45M	448.2M	444.02M	429.46M	382.98M	362M	355M
Fixed Asset Turnover	41.53x	41.74x	40.48x	38.87x	16.65x	17.70x	19.47x	24.18x	29.45x	33.75x
Goodwill	1.36B	1.57B	1.58B	1.58B	1.58B	1.58B	2.02B	2.34B	2.34B	2.4B
Intangible Assets	220.66M	271.88M	278.5M	287.05M	300.99M	307.13M	646.68M	685.62M	601M	563M
Long-Term Investments	0	0	0	0	0	0	0	0	0	210M
Other Non-Current Assets	85.61M	85.56M	102.63M	91.84M	135.43M	531.13M	449.5M	281.82M	291M	134M
Total Assets+	3.01B	3.37B	3.61B	3.83B	4.79B	5.5B	6.03B	6.55B	6.56B	7.31B
Asset Turnover	1.80x	1.72x	1.71x	1.75x	1.56x	1.43x	1.39x	1.41x	1.62x	1.64x
Asset Growth %	0.05%	0.12%	0.07%	0.06%	0.25%	0.15%	0.1%	0.09%	0%	0.11%
Total Current Liabilities+	939.91M	1.1B	1.03B	1.18B	1.33B	1.29B	1.53B	1.9B	1.69B	1.85B
Accounts Payable	246.67M	268.63M	339.99M	417.65M	432.95M	371.74M	539.52M	597.81M	653M	693M
Days Payables Outstanding	34.9	36.6	43.3	49.17	46.77	37.1	50.5	50.69	48.43	46.68
Short-Term Debt	112.81M	193.15M	63.1M	57.92M	177.87M	77.86M	68.38M	41.25M	62M	83M
Deferred Revenue (Current)	0	0	0	0	0	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	342.33M	404.13M	408.11M	456.37M	402.78M	475.41M	483.88M	468.93M	884M	962M
Current Ratio	1.27x	1.18x	1.45x	1.44x	1.75x	2.04x	1.59x	1.21x	1.62x	1.79x
Quick Ratio	1.27x	1.18x	1.45x	1.44x	1.75x	2.04x	1.59x	1.21x	1.62x	1.79x
Cash Conversion Cycle	-	-	-	-	-	-	-	-	-	-
Total Non-Current Liabilities+	1.66B	1.7B	2.02B	1.98B	2.61B	3.14B	3.44B	3.66B	3.83B	4.46B
Long-Term Debt	1.48B	1.47B	1.76B	1.7B	2.01B	2.28B	2.73B	2.77B	3.35B	3.92B
Capital Lease Obligations	0	0	0	0	270.27M	263.14M	247.07M	198.14M	182M	180M
Deferred Tax Liabilities	1.52M	11.65M	19.06M	44.75M	144.22M	364.46M	318.78M	552.62M	120.24M	0
Other Non-Current Liabilities	175.81M	216.29M	240.82M	230.65M	187.47M	230.98M	147.36M	139.93M	172.76M	368M
Total Liabilities	2.6B	2.8B	3.04B	3.16B	3.94B	4.43B	4.98B	5.56B	5.52B	6.31B
Total Debt+	1.6B	1.66B	1.82B	1.76B	2.51B	2.67B	3.1B	3.06B	3.64B	4.22B
Net Debt	1.41B	1.45B	1.53B	1.48B	1.76B	1.68B	2.4B	2.66B	3.08B	3.33B
Debt / Equity	3.91x	2.90x	3.23x	2.61x	2.93x	2.50x	2.96x	3.09x	3.47x	4.21x
Debt / EBITDA	3.16x	2.94x	3.11x	2.62x	3.34x	3.19x	3.73x	5.00x	3.09x	2.75x
Net Debt / EBITDA	2.79x	2.56x	2.62x	2.20x	2.35x	2.01x	2.89x	4.34x	2.62x	2.17x
Interest Coverage	6.28x	8.12x	6.32x	6.65x	7.05x	12.43x	7.20x	3.69x	5.39x	6.99x
Total Equity+	408.49M	573.59M	562.49M	675.37M	856.36M	1.07B	1.05B	992M	1.05B	1B
Equity Growth %	1.19%	0.4%	-0.02%	0.2%	0.27%	0.25%	-0.02%	-0.05%	0.06%	-0.04%
Book Value per Share	2.69	3.79	3.81	4.72	6.06	7.72	7.76	7.47	8.00	7.82
Total Shareholders' Equity	408.49M	573.59M	562.49M	675.37M	856.36M	1.07B	1.05B	992M	1.05B	1B
Common Stock	1.53M	1.56M	1.58M	1.6M	1.61M	1.63M	1.65M	1.66M	2M	2M
Retained Earnings	318.54M	478.1M	690.52M	994.81M	1.33B	1.76B	2.02B	2.05B	2.4B	3.07B
Treasury Stock	-135.44M	-191.9M	-461.46M	-711.45M	-898.1M	-1.22B	-1.64B	-1.86B	-2.28B	-3.08B
Accumulated OCI	-19.61M	-17.08M	-15.11M	-11.19M	-46M	-29.77M	8.59M	29.33M	10M	-29M
Minority Interest	0	0	0	0	0	0	651K	0	0	0

Cash Flow

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operations+	249.23M	382.28M	369.14M	499.61M	551.43M	718.68M	736.53M	603M	259M	1.01B
Operating CF Margin %	0.05%	0.07%	0.06%	0.07%	0.07%	0.09%	0.09%	0.07%	0.02%	0.08%
Operating CF Growth %	-0.2%	0.53%	-0.03%	0.35%	0.1%	0.3%	0.02%	-0.18%	-0.57%	2.9%
Net Income	294.09M	260.82M	301.69M	418.53M	482.6M	608.96M	466.58M	271M	606M	935M
Depreciation & Amortization	61.54M	59.54M	64.76M	68.58M	81.08M	84.31M	145.75M	165M	164M	165M
Stock-Based Compensation	24.99M	21.25M	23.32M	31.27M	43.29M	59.84M	69.78M	80M	95M	94M
Deferred Taxes	3.55M	20.96M	8.96M	23.01M	65.43M	232M	-130.2M	-354M	-101M	-91M
Other Non-Cash Items	-23.02M	2.06M	5.73M	3.89M	63.01M	67.51M	46.87M	26M	69M	34M
Working Capital Changes	-111.92M	17.64M	-35.31M	-45.66M	-183.99M	-333.94M	137.75M	415M	-574M	-128M
Change in Receivables	-31.23M	-95.22M	-126.2M	-196.45M	-129.11M	47.08M	-154.65M	-130M	-270M	-206M
Change in Inventory	0	0	0	0	0	0	0	0	0	0
Change in Payables	4.91M	14.85M	47.32M	107.64M	48.26M	-31.51M	194.83M	410M	-282M	-66M
Cash from Investing+	-117.75M	-300.9M	-96.45M	-89.21M	-128.08M	-158.28M	-867.73M	-468.02M	-90.64M	-218M
Capital Expenditures	-66.64M	-53.92M	-78.44M	-94.68M	-128.08M	-87.21M	-79.96M	-76M	-67M	-98M
CapEx % of Revenue	0.01%	0.01%	0.01%	0.01%	0.02%	0.01%	0.01%	0.01%	0.01%	0.01%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	0	650K	1.1M	0	0	3.09M	-427K	0	0	0
Cash from Financing+	-151.17M	-51.49M	-203.15M	-413.37M	34.56M	-311.35M	-163.85M	-425.85M	-19M	-460M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-80.02M	-92.92M	-103.41M	-114.23M	-146.6M	-181.07M	-209.06M	-236M	-254M	-268M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	8.08M	30.61M	11.14M	10.87M	-72.57M	78K	5.93M	11M	16M	5M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	182.6M	328.36M	290.71M	404.93M	423.35M	631.47M	656.56M	526.69M	192.14M	911M
FCF Margin %	0.03%	0.06%	0.05%	0.06%	0.06%	0.08%	0.08%	0.06%	0.02%	0.08%
FCF Growth %	-0.33%	0.8%	-0.11%	0.39%	0.05%	0.49%	0.04%	-0.2%	-0.64%	3.74%
FCF per Share	1.20	2.17	1.97	2.83	3.00	4.55	4.87	3.97	1.47	7.10
FCF Conversion (FCF/Net Income)	0.85x	1.47x	1.22x	1.19x	1.14x	1.18x	1.58x	2.22x	0.43x	1.08x
Interest Paid	57.07M	49.06M	62.5M	76.73M	84.13M	60.95M	64.7M	115.58M	155.85M	186M
Taxes Paid	143.08M	89.56M	128.42M	52.51M	109.75M	176.71M	127.07M	256.39M	335.91M	379M

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	98.86%	53.12%	53.11%	67.62%	63.01%	63.19%	44.08%	26.66%	59.41%	91.22%
Return on Invested Capital (ROIC)	19.55%	19.78%	18.95%	21.28%	21.04%	21.05%	16.56%	9.44%	19.54%	24.27%
Gross Margin	52.27%	53.89%	53.53%	53.75%	54.73%	53.46%	53.37%	53.51%	53.84%	54.77%
Net Margin	5.44%	4.49%	4.89%	6.24%	6.47%	7.75%	5.58%	2.94%	5.68%	7.8%
Debt / Equity	3.91x	2.90x	3.23x	2.61x	2.93x	2.50x	2.96x	3.09x	3.47x	4.21x
Interest Coverage	6.28x	8.12x	6.32x	6.65x	7.05x	12.43x	7.20x	3.69x	5.39x	6.99x
FCF Conversion	0.85x	1.47x	1.22x	1.19x	1.14x	1.18x	1.58x	2.22x	0.43x	1.08x
Revenue Growth	2.48%	7.47%	6.16%	8.7%	11.33%	5.29%	6.42%	10.7%	15.15%	12.36%

Revenue by Segment

	2019	2020	2021	2022	2023	2024	2025
Cost Reimbursable Contract	3.58B	4.21B	4.42B	4.51B	4.91B	5.87B	6.87B
Cost Reimbursable Contract Growth	-	17.62%	4.94%	2.14%	8.73%	19.65%	16.89%
Time-and-materials Contract	1.58B	1.74B	1.96B	2.02B	2.3B	2.53B	2.71B
Time-and-materials Contract Growth	-	10.19%	12.98%	2.76%	13.87%	10.16%	6.98%
Fixed-price Contract	1.55B	1.51B	1.48B	1.83B	2.05B	2.26B	2.41B
Fixed-price Contract Growth	-	-2.06%	-2.54%	24.11%	12.07%	9.98%	6.62%

Revenue by Geography

	2019	2020	2021	2022	2023	2024	2025
UNITED STATES	6.44B	7.2B	7.66B	8.15B	9.03B	10.49B	-
UNITED STATES Growth	-	11.79%	6.29%	6.43%	10.82%	16.16%	-

Frequently Asked Questions

Valuation & Price

Booz Allen Hamilton Holding Corporation (BAH) has a price-to-earnings (P/E) ratio of 13.4x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Booz Allen Hamilton Holding Corporation (BAH) reported $11.71B in revenue for fiscal year 2025. This represents a 100% increase from $5.86B in 2012.

Booz Allen Hamilton Holding Corporation (BAH) grew revenue by 12.4% over the past year. This is steady growth.

Yes, Booz Allen Hamilton Holding Corporation (BAH) is profitable, generating $823.7M in net income for fiscal year 2025 (7.8% net margin).

Dividend & Returns

Yes, Booz Allen Hamilton Holding Corporation (BAH) pays a dividend with a yield of 2.15%. This makes it attractive for income-focused investors.

Booz Allen Hamilton Holding Corporation (BAH) has a return on equity (ROE) of 91.2%. This is excellent, indicating efficient use of shareholder capital.

Booz Allen Hamilton Holding Corporation (BAH) generated $819.0M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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