The Hackett Group, Inc. (HCKT) Income Statement

28Y historyFree accessUpdated daily

Revenue growth has turned negative with an 11.6% contraction in 2026Q1, while operating margins have faced persistent pressure, declining from a 16.1% peak in 2024Q2 to 13.0% in the most recent quarter.

Annual statement

HCKT Income Statement

The Hackett Group, Inc. (HCKT) annual income statement — 28-year revenue, gross profit & net income history

Annual Quarterly

Metric	TTM	Dec'25	Dec'24	Dec'23	Dec'22	Dec'21	Dec'20	Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09	Dec'08	Dec'07	Dec'06	Dec'05	Dec'04	Dec'03	Dec'02	Dec'01	Dec'00	Dec'99	Dec'98

Sales/Revenue	286.99M	305.63M	313.86M	296.59M	293.74M	278.81M	239.48M	282.47M	285.89M	285.86M	288.56M	260.94M	236.74M	223.83M	234.06M	225.12M	201.35M	142.7M	192.1M	177.01M	180.56M	163.32M	143.55M	132.39M	176.85M	247.46M	311.14M	260.5M	102.7M
Revenue Growth %	-9.12%	-2.62%	5.82%	0.97%	5.36%	16.42%	-15.22%	-1.19%	0.01%	-0.94%	10.59%	10.22%	5.77%	-4.37%	3.97%	11.8%	41.1%	-25.72%	8.53%	-1.96%	10.55%	13.77%	8.43%	-25.14%	-28.54%	-20.47%	19.44%	153.65%	-
Cost of Goods Sold	170.06M	188.46M	190.62M	180.21M	178.17M	173.15M	166.37M	185.68M	186.28M	188.92M	191.93M	173.38M	158.74M	153.9M	158.76M	151.1M	133.14M	98.09M	115.73M	107M	111.49M	99.26M	89.98M	87.5M	125.47M	155.15M	169.6M	144.1M	58.1M
COGS % of Revenue	-	61.66%	60.73%	60.76%	60.65%	62.1%	69.47%	65.73%	65.16%	66.09%	66.51%	66.45%	67.05%	68.76%	67.83%	67.12%	66.12%	68.74%	60.24%	60.45%	61.75%	60.77%	62.68%	66.1%	70.95%	62.7%	54.51%	55.32%	56.57%
Gross Profit	116.92M	117.17M	123.24M	116.38M	115.58M	105.66M	73.11M	96.79M	99.6M	96.94M	96.63M	87.56M	78M	69.94M	75.3M	74.01M	68.21M	44.61M	76.37M	70.01M	69.06M	64.06M	53.56M	44.88M	51.38M	92.31M	141.53M	116.4M	44.6M
Gross Margin %	40.74%	38.34%	39.27%	39.24%	39.35%	37.9%	30.53%	34.27%	34.84%	33.91%	33.49%	33.55%	32.95%	31.24%	32.17%	32.88%	33.88%	31.26%	39.76%	39.55%	38.25%	39.23%	37.32%	33.9%	29.05%	37.3%	45.49%	44.68%	43.43%
Gross Profit Growth %	-	-4.93%	5.89%	0.7%	9.38%	44.52%	-24.46%	-2.82%	2.75%	0.32%	10.37%	12.25%	11.53%	-7.13%	1.74%	8.51%	52.89%	-41.59%	9.09%	1.37%	7.81%	19.6%	19.34%	-12.64%	-44.34%	-34.78%	21.59%	160.99%	-
Operating Expenses	80.67M	90.52M	78.65M	67.12M	60.33M	59.19M	64.47M	65.45M	64.12M	64.45M	62.08M	65.63M	61.59M	54.21M	58.69M	56.77M	55.76M	46.22M	58.47M	61.06M	67.05M	60.59M	50.81M	45.19M	73.42M	93.56M	127.32M	93.1M	32.2M
OpEx % of Revenue	-	29.62%	25.06%	22.63%	20.54%	21.23%	26.92%	23.17%	22.43%	22.54%	21.51%	25.15%	26.02%	24.22%	25.07%	25.22%	27.69%	32.39%	30.44%	34.5%	37.14%	37.1%	35.4%	34.13%	41.51%	37.81%	40.92%	35.74%	31.35%
Selling, General & Admin	81.66M	90.52M	78.55M	65.94M	60.98M	59.19M	53.98M	62.07M	61.75M	62.36M	60.98M	63.42M	61.59M	54.21M	58.69M	56.77M	55.76M	46.22M	58.47M	63.63M	67.05M	60.59M	50.81M	43.95M	53.42M	93.56M	114.73M	82.7M	28.9M
SG&A % of Revenue	-	29.62%	25.03%	22.23%	20.76%	21.23%	22.54%	21.98%	21.6%	21.81%	21.13%	24.31%	26.02%	24.22%	25.07%	25.22%	27.69%	32.39%	30.44%	35.95%	37.14%	37.1%	35.4%	33.2%	30.2%	37.81%	36.88%	31.75%	28.14%
Research & Development	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	-508K	0	102K	1.18M	-651K	0	10.49M	3.38M	0	0	0	0	0	0	0	0	0	0	0	-2.57M	0	0	0	1.24M	20M	0	12.59M	10.4M	3.3M
Operating Income	36.25M	26.65M	44.59M	49.26M	55.25M	46.48M	8.64M	31.34M	33.57M	30.82M	34.55M	21.93M	14.65M	15.73M	16.83M	17.24M	12.45M	-7.04M	17.9M	8.95M	-4.64M	546K	-996K	-5.18M	-32.93M	-9.74M	14.21M	23.3M	12.4M
Operating Margin %	12.63%	8.72%	14.21%	16.61%	18.81%	16.67%	3.61%	11.09%	11.74%	10.78%	11.97%	8.4%	6.19%	7.03%	7.19%	7.66%	6.18%	-4.93%	9.32%	5.06%	-2.57%	0.33%	-0.69%	-3.91%	-18.62%	-3.93%	4.57%	8.94%	12.07%
Operating Income Growth %	-	-40.24%	-9.49%	-10.83%	18.87%	437.79%	-72.42%	-6.66%	8.93%	-10.8%	57.6%	49.66%	-6.85%	-6.55%	-2.39%	38.46%	276.88%	-139.33%	100.03%	292.76%	-950.18%	154.82%	80.76%	84.27%	-238.15%	-168.52%	-39.01%	87.9%	-
EBITDA	41.92M	31.83M	48.51M	52.68M	58.69M	50.85M	13.12M	35.58M	38.41M	35.35M	38.14M	24.13M	19.22M	18.21M	19.46M	20.07M	16.25M	-4.12M	20.68M	12.39M	526K	5.42M	4.18M	-224K	-27.6M	2.79M	26.8M	33.7M	15.7M
EBITDA Margin %	14.61%	10.41%	15.45%	17.76%	19.98%	18.24%	5.48%	12.6%	13.43%	12.37%	13.22%	9.25%	8.12%	8.14%	8.31%	8.91%	8.07%	-2.89%	10.77%	7%	0.29%	3.32%	2.91%	-0.17%	-15.61%	1.13%	8.61%	12.94%	15.29%
EBITDA Growth %	23.25%	-34.39%	-7.93%	-10.23%	15.4%	287.57%	-63.12%	-7.36%	8.64%	-7.3%	58.04%	25.56%	5.53%	-6.39%	-3.04%	23.49%	494.39%	-119.92%	66.89%	2256.08%	-90.29%	29.54%	1966.52%	99.19%	-1087.8%	-89.57%	-20.48%	114.65%	-
D&A (Non-Cash Add-back)	5.67M	5.18M	3.92M	3.42M	3.44M	4.38M	4.48M	4.24M	4.83M	4.53M	3.58M	2.21M	4.57M	2.48M	2.63M	2.83M	3.8M	2.92M	2.78M	3.44M	5.17M	4.87M	5.18M	4.95M	5.33M	12.53M	12.59M	10.4M	3.3M
EBIT	29.17M	23.53M	44.59M	49.26M	55.25M	46.48M	8.64M	31.34M	36.97M	34.47M	33.52M	21.93M	17.64M	15.73M	17.07M	16.93M	14.2M	-1.6M	18.34M	8.95M	2.01M	3.47M	2.75M	-303K	-22.04M	6.18M	20.68M	23.3M	-58.1M
Net Interest Income	-1.35M	-1.72M	-1.59M	-3.23M	-144K	-95K	-126K	-311K	-638K	-584K	-387K	-409K	-620K	-465K	-610K	33K	22K	51K	442K	0	0	0	0	0	0	0	0	0	0
Interest Income	0	0	0	0	0	0	0	0	0	0	0	3K	6K	7K	20K	33K	22K	51K	442K	0	0	0	0	0	0	0	0	0	0
Interest Expense	1.35M	1.72M	1.59M	3.23M	144K	95K	126K	311K	638K	584K	387K	412K	626K	472K	630K	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Income/Expense	-8.44M	-4.83M	-1.59M	-3.23M	-144K	-95K	-126K	-311K	-638K	-584K	-387K	-409K	-620K	-465K	-610K	33K	1.75M	-5.42M	442K	325K	507K	52K	802K	706K	561K	843K	89K	-12.5M	-4.2M
Pretax Income	27.82M	21.82M	42.99M	46.03M	55.1M	46.38M	8.52M	31.03M	32.94M	30.24M	34.17M	21.52M	14.03M	15.26M	16.22M	17.27M	14.2M	-7.02M	18.34M	9.27M	-4.13M	1.64M	-194K	-4.47M	-32.37M	-8.68M	14.84M	10.8M	-28.6M
Pretax Margin %	9.69%	7.14%	13.7%	15.52%	18.76%	16.64%	3.56%	10.98%	11.52%	10.58%	11.84%	8.25%	5.93%	6.82%	6.93%	7.67%	7.05%	-4.92%	9.55%	5.24%	-2.29%	1%	-0.14%	-3.38%	-18.3%	-3.51%	4.77%	4.15%	-27.85%
Income Tax	10.99M	8.88M	13.36M	11.88M	14.3M	4.83M	2.87M	7.74M	5.58M	2.88M	12.63M	7.71M	4.32M	6.4M	3.51M	780K	-26K	-212K	465K	278K	913K	-6K	324K	350K	-3.51M	-161K	6.94M	7.6M	300K
Effective Tax Rate %	39.5%	40.68%	31.08%	25.8%	25.95%	10.41%	33.71%	24.96%	16.93%	9.54%	36.95%	35.82%	30.77%	41.92%	21.65%	4.52%	-0.18%	3.02%	2.54%	3%	-22.08%	-0.37%	-167.01%	-7.83%	10.84%	1.85%	46.76%	70.37%	-1.05%
Net Income	16.83M	12.94M	29.63M	34.15M	40.8M	41.55M	5.47M	23.28M	23.91M	27.35M	21.54M	13.81M	9.71M	8.73M	16.7M	21.77M	14.23M	-6.81M	17.88M	8.99M	-5.05M	1.64M	-148K	-4.82M	-68.96M	-8.52M	7.9M	1.1M	-28.9M
Net Margin %	5.86%	4.23%	9.44%	11.51%	13.89%	14.9%	2.29%	8.24%	8.36%	9.57%	7.46%	5.29%	4.1%	3.9%	7.13%	9.67%	7.07%	-4.77%	9.31%	5.08%	-2.8%	1%	-0.1%	-3.64%	-38.99%	-3.44%	2.54%	0.42%	-28.14%
Net Income Growth %	-0.74%	-56.32%	-13.24%	-16.3%	-1.79%	659.09%	-76.49%	-2.64%	-12.59%	26.99%	55.99%	42.17%	11.27%	-47.72%	-23.3%	53.01%	308.85%	-138.11%	98.73%	278.19%	-407.62%	1208.78%	96.93%	93.01%	-709.47%	-207.82%	618.27%	103.81%	-
Net Income (Continuing)	16.83M	12.94M	29.63M	34.15M	40.8M	41.55M	5.64M	23.28M	27.36M	25.56M	20.68M	13.81M	9.71M	8.86M	16.92M	21.77M	14.23M	-6.81M	17.88M	8.99M	-5.05M	604K	-518K	-4.82M	-28.85M	-402K	8.93M	3.2M	-61.4M
Discontinued Operations	0	0	0	0	0	-7K	-172K	-6K	0	1.8M	866K	0	0	0	0	0	0	0	0	0	0	0	370K	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)	0.67	0.47	1.05	1.24	1.28	1.26	0.17	0.72	0.74	0.85	0.66	0.43	0.33	0.27	0.50	0.52	0.34	-0.18	0.43	0.20	-0.11	0.01	-0.00	-0.11	-1.49	-0.19	0.18	0.03	-1.16
EPS Growth %	8.33%	-55.24%	-15.32%	-3.13%	1.59%	641.18%	-76.39%	-2.7%	-12.94%	28.79%	53.49%	30.3%	22.22%	-46%	-3.85%	52.94%	288.89%	-141.86%	115%	281.82%	-1200%	-	97%	92.62%	-684.21%	-205.56%	500%	102.59%	-
EPS (Basic)	-	0.47	1.08	1.26	1.30	1.38	0.18	0.78	0.74	0.95	0.74	0.47	0.34	0.29	0.53	0.55	0.35	-0.18	0.44	0.20	-0.11	0.01	-0.00	-0.11	-1.49	-0.19	0.20	0.03	-1.16
Diluted Shares Outstanding	25.17M	27.3M	28.09M	27.64M	31.96M	32.88M	32.41M	32.45M	32.33M	32.2M	32.81M	31.97M	29.88M	32.12M	33.51M	41.88M	42.37M	38.24M	41.5M	44.98M	44.65M	45.3M	44.19M	45.14M	46.35M	44M	45.14M	43.1M	24.84M
Basic Shares Outstanding	25.06M	27.3M	27.56M	27.17M	31.4M	30.02M	29.99M	29.8M	32.19M	28.85M	29.08M	29.62M	28.72M	30.28M	31.7M	39.9M	40.35M	38.24M	40.47M	44.13M	44.65M	43.58M	44.19M	45.14M	46.35M	44M	40.26M	34.95M	24.84M
Dividend Payout Ratio	-	99.69%	40.88%	35.06%	25.58%	31.01%	272.92%	48.1%	42.03%	31.7%	33.25%	22.21%	36.12%	35.47%	18.45%	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Key Metrics

Growth RegimeContracting

ProfitabilityStrained

Balance SheetHealthy

Cash FlowStable

Top Statement Risk

Cyclical consulting demand volatility

Verified Source

Metrics are mathematically derived from official filings.

SEC 10-K (2026Q1)

Revenue Contraction Reflects Cyclical Headwinds

As indicated by the most recent quarterly filings, HCKT experienced a revenue decline of 11.6% in 2026Q1, marking a significant departure from the modest growth observed in previous periods and highlighting the firm's sensitivity to shifting corporate IT budget allocations and discretionary consulting project deferrals.

The recent top-line contraction suggests that the firm's reliance on project-based ERP implementation is currently facing headwinds as clients tighten capital expenditure. Investors should monitor whether this trend represents a temporary pause in digital transformation cycles or a more structural shift in demand for the firm's advisory services.

Margin Compression Amidst Utilization Pressure

Based on the reported financial data, the company's operating margin has fluctuated significantly, dropping to 13.0% in 2026Q1 from a peak of 16.1% in 2024Q2, which underscores the inherent difficulty in maintaining profitability when billable utilization rates face downward pressure in a softening demand environment.

The compression in operating margins suggests that the firm's labor-heavy cost structure lacks the flexibility to fully offset revenue declines. This volatility implies that the firm's profitability is highly leveraged to consultant utilization, making it vulnerable to even minor shifts in project volume.

Stock-Based Compensation Distorts Earnings Clarity

According to historical income statements, the firm's net income has been periodically impacted by significant stock-based compensation expenses, which reached $9.7 million in both 2025Q2 and 2025Q1, thereby obscuring the underlying cash-generative capacity of the core advisory and implementation business segments for equity holders.

The reliance on equity-based incentives to retain specialized talent creates a disconnect between reported GAAP earnings and actual operational performance. Analysts should adjust for these non-cash charges to better assess the true economic profitability of the firm's intellectual property and benchmarking assets.

SG&A Efficiency Remains Under Scrutiny

As reported in recent financial statements, SG&A expenses have remained elevated relative to revenue, consuming a substantial portion of gross profit and limiting the firm's ability to translate top-line billings into consistent bottom-line growth during periods of revenue stagnation or decline across the broader consulting practice.

The persistence of high SG&A costs suggests that the firm is maintaining a fixed overhead base to support its research and sales capabilities, which may be unsustainable if revenue growth does not recover. This cost structure warrants further investigation into management's ability to scale expenses alongside fluctuating project demand.

Structural Risks to Benchmarking Moat

While the firm's proprietary database is often cited as a competitive advantage, the recent performance data suggests that this moat may be insufficient to insulate the company from broader industry cyclicality, as evidenced by the inconsistent revenue growth and margin volatility observed over the last ten quarters.

Short-sellers might argue that the firm's benchmarking data is increasingly susceptible to commoditization by AI-driven analytical tools, which could erode the pricing power of its advisory services. The current financial results appear to support the view that HCKT remains a cyclical consultancy rather than a high-margin, scalable data platform.

HCKT — Frequently Asked Questions

Quick answers to the most common questions about buying HCKT stock.

What was The Hackett Group, Inc.'s (HCKT) revenue in 2025?

For fiscal year 2025, The Hackett Group, Inc. (HCKT) reported total revenue of $305.6M. This represents a 197.6% increase compared to $102.7M in 1998.

Is The Hackett Group, Inc. (HCKT) profitable?

The Hackett Group, Inc. (HCKT) is profitable, generating $12.9M in net income for the fiscal year ending 2025 with a net profit margin of 4.2%.

What is The Hackett Group, Inc.'s operating profit margin?

The Hackett Group, Inc. (HCKT) reported an operating income of $26.6M, resulting in an operating profit margin of 8.7%. This margin reflects the operational efficiency of the business before interest and taxes.

What is The Hackett Group, Inc.'s gross profit and gross margin?

The Hackett Group, Inc. (HCKT) generated $117.2M in gross profit for the year, representing a gross profit margin of 38.3%. This demonstrates the company's core pricing power and production efficiency.