BAH Booz Allen Hamilton Holding Corp

Overview and Growth

In fiscal 2026, Booz Allen Hamilton Holding Corp recorded $11.22B of revenue, net income of $851.00M, and an operating cash inflow of $1.04B. The $11.22B revenue base provides substantial context for the company’s earnings, cash generation, and capital requirements. Revenue was 6.4% below fiscal 2025 revenue of $11.98B, marking a top-line contraction. The company reported diluted EPS of $6.90, adding a shareholder-level measure to the absolute income figures considered below. The per-share result recorded a 4.8% decrease from fiscal 2025 diluted EPS of $7.25. The revenue-to-assets relationship was 1.58x, showing the sales generated relative to the resources carried on the balance sheet.

Profitability

The first profit layer was $5.91B of gross profit, the amount available after reported direct revenue costs to absorb operating expenses. Gross profit represented 52.7% of revenue, showing how much of the top line remained after direct costs. Operations produced $1.03B of income after the reported operating expense base, before the remaining non-operating and tax effects. The operating result equaled 9.2% of revenue, placing the absolute operating-income figure in the context of the company’s sales base. Net income came to $851.00M, completing the progression from revenue through gross and operating profitability to the final reported result. Measured against reported revenue, net income produced a 7.6% margin after operating costs and the remaining recognized items. Before income taxes, the company reported $862.00M of earnings, providing a bridge between the operating result and final net income. The pretax margin was 7.7%, relating income before taxes directly to revenue. The reported income-tax provision was $11.00M, the amount recognized between pretax income and the final net-income result. The effective relationship between income tax and positive pretax income was 1.3%, without assuming a statutory-rate comparison.

Liquidity and Capital Structure

At period end, the $7.12B asset base was financed through $6.01B of liabilities and $1.10B of equity. The near-term balance sheet paired $2.96B of current assets with $1.66B of current liabilities at the reporting date. The current ratio was 1.78x, with current assets exceeding current liabilities and providing a short-term liquidity cushion. Reported cash and equivalents were $728.00M, separating immediately recognizable cash resources from the rest of the current-asset base. Measured only with cash and equivalents, coverage of current liabilities was 43.8%, excluding receivables and other current assets. The company carried $3.94B of total debt at period end, which frames its leverage and debt-service burden. The debt-to-equity relationship was 3.57x, showing how much debt the company carried for each unit of book equity. Debt represented 55.4% of total assets, placing borrowing in the context of the company’s full resource base. Relative to total assets, liabilities measured 84.5%, complementing the separate equity-based view of the company’s capital structure. Cash and equivalents equaled 10.2% of total assets, showing the liquid cash component within the company’s broader resource base. Total assets were 2.7% lower than fiscal 2025 assets of $7.31B, measuring the company’s own balance-sheet change.

Cash Flow and Earnings Quality

The company reported $1.04B of operating cash flow, a cash inflow that shows the cash generated by operations. The operating-cash-flow-to-net-income relationship was 1.22x, comparing cash generated by operations with the bottom-line earnings result. Capital spending was $90.00M, absorbing part of the cash generated from operations before free cash flow. Capital expenditures represented 8.6% of operating cash flow, leaving the remainder available as free cash flow. Free cash flow came to $951.00M, leaving a positive amount after capital expenditures. The free-cash-flow margin was 8.5%, measuring cash remaining after capital spending against revenue. Measured against total assets, free cash flow represented 13.4%, showing the cash productivity of the company’s assets.

Based on the annual report for the fiscal year ending Mar 31, 2026. Analysis generated Oct 21, 2026.