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BAH

Booz Allen Hamilton Holding Corporation

BAH

Booz Allen Hamilton Holding Corporation • NYSE
$83.46 ▲ 0.25% (+0.21)
Market Cap $10.43 B
52w High $150.00
52w Low $79.23
Dividend Yield 2.20%
P/E 12.72
Volume 501.62K
Outstanding Shares 125.01M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2026 $2.89B ▼ $1.267B ▲ $175M ▼ 6.055% ▼ $1.42 ▼ $322M ▲
Q1-2026 $2.924B ▼ $1.244B ▼ $269M ▲ 9.2% ▲ $2.17 ▲ $299M ▼
Q4-2025 $2.975B ▲ $1.32B ▼ $192.705M ▲ 6.478% ▲ $1.52 ▲ $331.746M ▼
Q3-2025 $2.917B ▼ $1.32B ▲ $186.95M ▼ 6.409% ▼ $1.46 ▼ $334.641M ▼
Q2-2025 $3.146B $1.235B $390.112M 12.399% $3.02 $603.785M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2026 $816M ▲ $7.153B ▼ $6.157B ▲ $996M ▼
Q1-2026 $711M ▼ $7.17B ▼ $6.105B ▼ $1.065B ▲
Q4-2025 $885M ▲ $7.312B ▲ $6.309B ▲ $1.003B ▼
Q3-2025 $453.539M ▼ $6.821B ▼ $5.611B ▼ $1.21B ▲
Q2-2025 $558.724M $6.878B $5.678B $1.201B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2026 $175M ▼ $421M ▲ $-29M ▲ $-287M ▼ $105M ▲ $395M ▲
Q1-2026 $271M ▲ $119M ▼ $-32M ▲ $-261M ▼ $-174M ▼ $96M ▼
Q4-2025 $192.705M ▲ $219.009M ▲ $-34.235M ▼ $246.944M ▲ $431.461M ▲ $194.437M ▲
Q3-2025 $186.95M ▼ $150.772M ▼ $-30.493M ▼ $-225.464M ▲ $-105.185M ▼ $133.591M ▼
Q2-2025 $390.345M $587.219M $-26.272M $-300.086M $261.06M $563.286M

Revenue by Products

Product Q3-2025Q4-2025Q1-2026Q2-2026
Cost Reimbursable Contract
Cost Reimbursable Contract
 $1.67Bn ▲$1.75Bn ▲$1.76Bn ▲$1.71Bn ▼
Fixedprice Contract
Fixedprice Contract
 $580.00M ▲$570.00M ▼$530.00M ▼$540.00M ▲
Timeandmaterials Contract
Timeandmaterials Contract
 $660.00M ▲$650.00M ▼$640.00M ▼$640.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has grown steadily over the past five years, and profit has expanded even faster than sales. Margins have clearly improved, especially in the most recent couple of years, where operating and net income moved up sharply after a softer patch. That pattern suggests the company has been able to win more and better work, price its services effectively, and control costs, though earnings have not moved in a straight line year to year. Overall, the income statement reflects a mature contractor that is successfully scaling higher-value, tech‑rich work, but still exposed to normal swings in contract mix and spending cycles.

Balance Sheet

Balance Sheet The balance sheet shows a business that is asset‑light but uses a significant amount of debt. Total assets have crept up gradually, while shareholder equity has stayed relatively flat, which means leverage has risen over time. Cash balances move around from year to year but remain modest relative to total debt, highlighting some dependence on steady cash generation and refinancing access. The structure is typical for a stable government contractor, but the higher debt load increases sensitivity to interest costs and any disruption in contract awards or payments.

Cash Flow

Cash Flow Cash flow from operations has been consistently positive, though somewhat choppy, with a very strong recent year after a weaker one. Free cash flow has remained positive throughout the period, helped by relatively low capital spending needs, which is common for consulting- and services-led models. This means the company tends to convert a meaningful portion of its accounting profit into real cash, providing flexibility for debt service, dividends, buybacks, or acquisitions. The main watchpoint is the volatility in annual cash generation, which can reflect timing of contracts, working capital swings, and government payment patterns.

Competitive Edge

Competitive Edge Booz Allen sits in a strong competitive position as a deeply embedded advisor and tech partner to U.S. government agencies. Its long history, mission familiarity, and high proportion of revenue from federal work point to durable relationships and high switching costs for clients. The firm’s large base of cleared, specialized talent and its focus on sensitive defense, intelligence, and cyber missions create meaningful barriers to entry for rivals. At the same time, it operates in a crowded government contracting field, so continued contract wins, talent retention, and execution on complex programs are critical to sustaining its edge.

Innovation and R&D

Innovation and R&D The company is clearly leaning into technology to reinforce its moat, especially in artificial intelligence, cybersecurity, cloud, and other deep‑tech areas. Internal platforms like aiSSEMBLE, its work with generative AI (including deployments in demanding environments like space), and its large cyber practice all signal a move from traditional consulting toward a tech‑first solutions model. The VoLT strategy and Booz Allen Ventures expand this by investing in early‑stage companies in AI, cyber, defense tech, quantum, and advanced communications, effectively using venture capital as an external R&D engine. The main opportunity is to turn these investments and partnerships—such as the AWS collaboration and 5G/advanced networking contracts—into repeatable solutions across multiple government clients, while managing the execution and integration risk that comes with rapid tech adoption.

Summary

Overall, Booz Allen combines steady top‑line growth with improving profitability and solid, if somewhat uneven, cash generation. Its balance sheet leans on debt but remains supported by recurring government work and an asset‑light model. Competitively, the firm benefits from deep government relationships, high switching costs, and scarce human capital in classified and cyber‑intensive missions. Its push into AI, cyber, cloud, and deep tech—amplified by a dedicated venture arm—positions it to tap into long‑term digital transformation across defense and civilian agencies. Key things to monitor include leverage levels, cash flow volatility, talent retention, and the company’s ability to turn its innovation bets into scalable, profitable platforms rather than one‑off projects.

NEWS

November 20, 2025 · 8:00 AM UTC

Booz Allen Secures $99 Million Contract to Install 5G Networks on U.S. Navy Ships

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November 17, 2025 · 7:30 AM UTC

Booz Allen to Relocate Global Headquarters to Reston, Virginia

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October 24, 2025 · 6:45 AM UTC

Booz Allen Hamilton Announces Second Quarter Fiscal Year 2026 Results

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October 9, 2025 · 10:00 AM UTC

Booz Allen Hamilton Thunderdome Wins 2025 CyberSecurity Breakthrough Award

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