HACKETT GROUP, INC. financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data HACKETT GROUP, INC. files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2016	FY2017	FY2018	FY2019	FY2021	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	289	286	286	282	239	279	294	297	314	306
Cost of revenue	192	189	186	186	166	173	178	180	191	188
Gross profit	96.6	96.9	99.6	96.8	52.4	83.8	89.5	84.4	123	117
Selling, general and administrative	60.1	63.3	64.1	62.1	54	59.2	61	65.9	78.5	90.5
General and administrative					19	22.8	21.2	19.8	20.8	20.5
Operating income	33.5	28.7	33.6	31.3	8.64	46.5	55.2	49.3	44.6	23.5
Interest expense	0.39	0.58	0.64	0.31	0.13	0.1	0.14	3.24	1.59	1.72
Pre-tax income	33.1	28.1	32.9	31	8.52	46.4	55.1	46	43	21.8
Income tax	12.5	2.56	5.58	7.74	2.87	4.83	14.3	11.9	13.4	8.88
Net income	21.5	27.4	23.9	23.3	5.47	41.5	40.8	34.2	29.6	12.9
EBITDA	36	31.1	36	34.5	13.1	50.9	58.7	52.7	48.5	28.7
EPS, basic	0.74	0.95	0.81	0.78	0.18	1.38	1.30	1.26	1.08	0.47
EPS, diluted	0.66	0.85	0.74	0.72	0.17	1.26	1.28	1.24	1.05	0.46
Shares, basic (weighted)	29.1	28.9	29.4	29.8	30	30	31.4	27.2	27.6	27.3
Shares, diluted (weighted)	32.8	32.2	32.3	32.5	32.4	32.9	32	27.6	28.1	27.9
Dividend per share	0.26	0.30	0.34	0.36	0.38	0.40	0.44	0.44		0.48

Balance sheet

	FY2016	FY2017	FY2018	FY2019	FY2021	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	19.7	17.5	13.8	26	49.5	45.8	30.3	21	16.4	18.2
Receivables	47.4	52.3	54.8	49.8	32.8
Other current assets	1.7	2.51	4.34	2.9	2.6	5.77	2.54	2.37	2.9	6.18
Total current assets	68.8	75.3	73.1	78.6	84.8	102	81.2	75.4	76.3	83.9
Property, plant and equipment	14.8	18.9	19.8	19.9	18.2	18	19.4	20	20.3	24
Lease right-of-use assets				7.96	2.58	1.65	0.7	1.42	2.74	2.48
Goodwill	72.4	85.1	84.2	84.6	85.3	85.1	83.5	84.2	89.8	90.7
Intangible assets	2.7	5.52	3.09	2.12	1.17	0.16			2.31	3.25
Other non-current assets	3.34	6.02	3.7	2.65	1.68	0.62	0.27	0.29	0.35	0.36
Total assets	159	185	181	194	193	208	185	181	193	206
Accounts payable	9.09	8.43	7.43	8.49	6.1	7.68	8.74	7.56	6.5	6.3
Deferred revenue	11	9.27	8.26	9.58	8.77	14.6	13.3	12.1	11.1	12.3
Total current liabilities	55.8	51.4	44.2	43.7	42.6	54.9	59.6	49.9	53.1	48.8
Long-term debt							59.7	32.7	12.7	75.8
Lease liabilities				5.26	3.5	1.47	0.58	0.63	1.98	1.22
Total liabilities	73	78	57.2	56.1	51.7	63.7	127	91.3	77.7	138
Total debt	7	19	6.5				59.7	32.7	12.7	75.8
Paid-in capital	277	288	297	304	312	300	308	317	332	353
Retained earnings	-56.6	-38.5	-25.4	-13.7	-17.4	11.3	38.6	60.8	78.3	78.4
Treasury stock	-123	-134	-137	-142	-144	-157	-274	-275	-281	-350
Other comprehensive income	-11.5	-8.51	-11.4	-10.6	-9.57	-10.5	-14.9	-13.2	-14.1	-12.7
Shareholders' equity	86.3	107	124	138	141	144	58.3	90.1	116	68.1
Total equity	86.3	107	124	138	141	144	58.3	90.1	116	68.1
Total liabilities and equity	159	185	181	194	193	208	185	181	193	206

Cash flow statement

	FY2016	FY2017	FY2018	FY2019	FY2021	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	21.5	27.4	23.9	23.3	5.47	41.5	40.8	34.2	29.6	12.9
Depreciation and amortization	2.49	2.44	2.47	3.21	4.48	4.38	3.44	3.42	3.92	5.18
Stock-based compensation	8.77	10.3	9.31	7.72	9.74	10.1	10.3	10.7	11.8	10.9
Deferred income tax	2.34	-1.78	0.22	1	-1.44	1.47	-0.48	1.37	-0.35	2.31
Change in receivables	-5.43	-3.06	-2.56	4.26
Change in payables	0.79	-1.06	-1.01	1.07	-2.4	1.58	1.06	-1.18	-1.05	-0.23
Cash from operations	32.9	26.5	32.4	42.4	44.1	46.4	58.9	37.4	47.7	40.3
Capital expenditures	-3.18	-6.52	-9.64	-4.57	-1.89	-3.24	-4.66	-4.1	-4.08	-7.87
Acquisitions		-11.3		-1.01					-6.54
Cash from investing	-3.18	-17.5	-9.64	-5.58	-1.89	-3.24	-4.66	-4.1	-10.6	-8.63
Debt issued	30	26	5	1			60	5		73
Debt repaid	-23	-14	-17.5	-7.5				-32	-20	-10
Stock issued	0.98	1.21	0.78	0.81	0.75	0.76	0.88	0.94
Share buybacks	-34.1	-15.7	-4.79	-7.81	-2.37	-13	-117	-0.73	-6.42	-69.1
Dividends paid	-7.16	-8.67	-10	-11.2	-14.9	-12.9	-10.4	-12	-12.1	-12.9
Cash from financing	-33.5	-11.2	-26.6	-24.7	-18.7	-46.7	-69.7	-42.6	-41.7	-29.8
Exchange rate effect	-0	-0.01	0.08
Net change in cash	-3.79	-2.2	-3.7	12.1	23.5	-3.66	-15.5	-9.3	-4.59	1.83
Free cash flow	29.7	20	22.8	37.8	42.2	43.1	54.2	33.3	43.7	32.4
Interest paid	0.28	0.51	0.54	0.23	0.06	0.06	0.08	3.47	1.9	1.57
Income taxes paid	8.76	3.7	7.96	5.81	4.65	9.1	4.55	13.3	11.6	13.1

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to September 25, 2026; growth uses fiscal years. Valuation uses the share price of $13.40 on November 10, 2026.

Profitability

Metric	Value	How it is calculated
Gross margin	41.0%	Gross profit / revenue.
Operating margin	11.7%	Operating income / revenue.
EBITDA margin	13.3%	EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin	10.3%	Pre-tax income / revenue.
Net margin	6.3%	Net income / revenue.
FCF margin	7.3%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	10.9%	Cash from operations / revenue.
Effective tax rate	38.8%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	25.1%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	8.3%	Net income / average total assets.
Return on invested capital (ROIC)	14.1%	Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
SG&A / revenue	28.0%	Selling, general and administrative expense / revenue.
Stock-based pay / revenue	3.3%	Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue	3.6%	Capital expenditures / revenue.
D&A / revenue	1.6%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	-2.6%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	1.3%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	5.0%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y	-4.9%	Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y	9.4%	Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y	17.4%	Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating income growth, 1y	-47.2%	Operating income vs the same period a year earlier. Only from a positive base.
Operating income CAGR, 3y	-24.8%	Compound annual growth of operating income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating income CAGR, 5y	22.2%	Compound annual growth of operating income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EBITDA growth, 1y	-40.8%	EBITDA vs the same period a year earlier. Only from a positive base.
EBITDA CAGR, 3y	-21.2%	Compound annual growth of ebitda over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EBITDA CAGR, 5y	17.0%	Compound annual growth of ebitda over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	-56.3%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	-31.8%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y	18.8%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	-56.2%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	-28.9%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 5y	22.0%	Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	-15.6%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	-11.9%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	-1.8%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow growth, 1y	-25.7%	Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 3y	-15.8%	Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Free cash flow CAGR, 5y	-5.1%	Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Dividend per share CAGR, 3y	2.9%	Compound annual growth of dividend per share over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Dividend per share CAGR, 5y	4.8%	Compound annual growth of dividend per share over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	-41.1%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	5.3%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	-13.5%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	6.8%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	3.7%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	1.4%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	-0.7%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	-4.4%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	-2.9%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	2.13x	Current assets / current liabilities.
Quick ratio	0.30x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	0.30x	(Cash + short-term investments) / current liabilities.
Debt / equity	1.21x	Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets	40.0%	Total debt / total assets.
Liabilities / assets	67.0%	Total liabilities / total assets.
Net debt	$73.5M	Total debt - cash - short-term investments. Negative means more cash than debt.
Net debt / EBITDA	1.95x	Net debt / EBITDA (twelve months), when EBITDA is positive.
Interest coverage	8.13x	Operating income / interest expense.
Working capital	$47.9M	Current assets - current liabilities.
Goodwill and intangibles / assets	42.9%	(Goodwill + intangible assets) / total assets.
Tangible book value	-$21.3M	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	1.32x	Revenue / average total assets.
Fixed asset turnover	9.93x	Revenue / average property, plant and equipment.
Days payables	12 days	365 x average accounts payable / cost of revenue.
FCF conversion	116.7%	Free cash flow / net income, when net income is positive.
Capex / operating cash flow	32.8%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	$0.70	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share	$11.37	Revenue / diluted weighted shares.
FCF per share	$0.83	Free cash flow / diluted weighted shares.
Operating cash flow per share	$1.24	Cash from operations / diluted weighted shares.
Book value per share	$2.85	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	-$0.85	Tangible book value / shares outstanding.
Cash per share	$0.51	(Cash + short-term investments) / shares outstanding.
Payout ratio	68.8%	Dividends paid / net income, when net income is positive.
Dividends / FCF	59.0%	Dividends paid / free cash flow, when free cash flow is positive.
Buybacks / FCF	239.9%	Share buybacks / free cash flow, when free cash flow is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$333.4M	Share price x shares outstanding.
Enterprise value	$406.9M	Market cap + total debt - cash - short-term investments.
P/E	18.7x	Market cap / net income. Only when net income is positive.
P/S	1.18x	Market cap / revenue.
P/B	4.69x	Market cap / shareholders' equity. Only when equity is positive.
P/FCF	16.0x	Market cap / free cash flow. Only when free cash flow is positive.
P/OCF	10.8x	Market cap / cash from operations, when positive.
EV/Sales	1.43x	Enterprise value / revenue.
EV/EBIT	12.3x	Enterprise value / operating income, when both are positive.
EV/EBITDA	10.8x	Enterprise value / EBITDA, when both are positive.
EV/FCF	19.5x	Enterprise value / free cash flow, when both are positive.
FCF yield	6.2%	Free cash flow / market cap.
Earnings yield	5.4%	Net income / market cap (the inverse of P/E).
Dividend yield	3.7%	Dividends paid over the period / market cap.
Shareholder yield	18.7%	(Dividends paid + share buybacks) / market cap.

What was HACKETT GROUP, INC.'s revenue in fiscal 2025?

HACKETT GROUP, INC. reported revenue of $305.6M for fiscal 2025, 2.6% lower than the year before.

Was HACKETT GROUP, INC. profitable in fiscal 2025?

Yes. Net income was $12.9M, a net margin of 4.2%.

How much free cash flow did HACKETT GROUP, INC. generate in fiscal 2025?

Cash from operations of $40.3M minus capital expenditures of $7.9M left free cash flow of $32.4M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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