NYSE$BAH

Booz Allen Hamilton Holding Corp · Q1 2025 earnings

Q1 2025 earnings · · Investor relations

Briefing

Booz Allen Hamilton started fiscal year 2025 with strong top line performance, delivering double-digit revenue and organic revenue growth.

Booz Allen Hamilton reported a solid first quarter for fiscal year 2025, marked by double-digit revenue and organic revenue growth. The acquisition of PAR Government Systems Corporation (PGSC) closed in June 2024, contributing to the company's strategic alignment. The company reported a 10.8% increase in quarterly revenue, a 2.4% increase in net income, and a significant rise in total backlog by 15.7%.

  • Revenue increased by 10.8% year-over-year to $2.9 billion, with 10.6% organic revenue growth.
  • Diluted earnings per share (EPS) reached $1.27, while adjusted diluted EPS was $1.38.
  • Total backlog increased by 15.7% to $36.2 billion, with a quarterly book-to-bill ratio of 1.72x.
  • Client staff headcount grew by 7.7% year-over-year.

Headline financials

Total Revenue

$2.94B

Previous: $2.65B+10.8%
EPS

$1.27

Previous: $1.47-13.6%
Adjusted EBITDA

$302M

No prior period
Adjusted EBITDA Margin

10.3%

No prior period
Quarterly Book-to-Bill

1.76

Previous: 1.03+70.9%
Total Backlog

$34.6B

No prior period
Capital Expenditures

-$32.4M

No prior period
Free Cash Flow

$165M

Previous: $161M+2.4%
Net Income

$165M

Previous: $161M+2.4%
Operating Income

$255M

Previous: $234M+8.9%
Gross Profit

$1.57B

Previous: $1.4B+12.0%
Cash & Equivalents

$298M

Previous: $210M+42.0%
Total Assets

$6.64B

Previous: $6.77B-1.9%
Stock-Based Comp

$19.9M

Previous: $17.7M+12.7%

Revenue & EPS history

Booz Allen · Revenue · Quarterly

$2.94B

Q1 2025+10.8%vs Q1 2024
Beat estimate in 7 of 14 quarters(50%)
ActualEstimate

Forward guidance

Booz Allen Hamilton provided financial outlook for fiscal year 2025, including revenue growth between 8.0% and 11.0%, adjusted EBITDA between $1.26 billion and $1.30 billion, and adjusted diluted EPS between $5.80 and $6.05.

Tailwinds

  • Revenue Growth: Expected to be between 8.0% and 11.0%.
  • Adjusted EBITDA: Projected to be between $1,260 million and $1,300 million.
  • Adjusted EBITDA Margin on Revenue: Anticipated to be approximately 11%.
  • Adjusted Diluted EPS: Expected to be in the range of $5.80 to $6.05.
  • Net Cash Provided by Operating Activities: Forecasted to be between $825 million and $925 million.

Headwinds

  • Inorganic Revenue Contribution from PGSC: Includes an approximately $80-90 million inorganic revenue contribution from PGSC.
  • Adjusted Effective Tax Rate: Assumes an adjusted effective tax rate of 23–25%.
  • Interest Expense: Anticipates interest expense of $180–190 million.
  • Depreciation and Amortization: Expects depreciation and amortization of $160 million.
  • Cash Taxes in Connection with Section 174: Assumes cash taxes of approximately $100 million and capital expenditures of approximately $100 million.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2025

Historical avgQ1 2025

+1.3%

Avg return

Earnings day

+0.9%

Avg return

5 days after

+0.2%

Avg return

30 days after

59%

38 / 64 earnings

Positive

+13.2%

Q2 2013

Best reaction

-16.7%

Q4 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2027+3.1%+6.1%-13.0%
Q3 2026+6.7%-4.9%-19.4%
Q2 2026-8.8%-17.4%-19.5%
Q1 2026-1.9%-6.6%-4.5%
Q4 2025-16.7%-18.9%-22.6%
Q3 2025+0.1%+0.3%-17.7%
Q2 2025+11.7%+10.2%-10.4%
Q1 2025-5.9%-6.7%+0.9%
Q4 2024+1.5%+1.4%+1.6%
Q3 2024+12.0%+9.2%+15.5%
Q2 2024-2.9%+2.0%+5.6%
Q1 2024+6.2%+8.6%+0.5%
Q4 2023+9.0%+11.9%+19.6%
Q3 2023-3.8%-1.9%-1.5%
Q2 2023+5.1%+4.7%+4.2%
Q1 2023+0.2%+0.6%+1.3%
Q4 2022+0.3%+4.7%+0.4%
Q3 2022-6.5%-4.4%-6.9%
Q2 2022+8.7%+7.7%+5.8%
Q1 2022-4.4%-8.6%-9.0%
Q4 2021+4.5%+4.4%+5.5%
Q3 2021-12.2%-14.2%-19.1%
Q2 2021+7.8%+16.6%+17.0%
Q1 2021+7.4%+6.1%+14.2%
Q4 2020+1.1%+5.2%+2.3%
Q3 2020-0.3%-0.7%-9.5%
Q2 2020+4.3%+2.0%+3.4%
Q1 2020+0.6%-0.6%+7.8%
Q4 2019+1.3%+1.3%+6.2%
Q3 2019+7.0%+8.5%+8.9%
Q2 2019+2.6%+2.1%+9.7%
Q1 2019+3.3%+4.3%+11.8%
Q4 2018+7.8%+7.3%+4.1%
Q3 2018-7.1%-6.0%+1.6%
Q2 2018-1.9%-4.0%-0.0%
Q1 2018-4.2%-3.9%+0.4%
Q4 2017+6.6%+9.2%-10.0%
Q3 2017-6.7%-4.8%-0.2%
Q2 2017+5.7%+6.7%+25.0%
Q1 2017+0.5%-1.2%-1.5%
Q4 2016+5.1%
Q3 2016-7.0%
Q2 2016+7.8%
Q1 2016+7.3%
Q4 2015-11.9%
Q3 2015-0.9%
Q2 2015-0.8%
Q1 2015+5.5%
Q4 2014-4.1%
Q3 2014+1.6%
Q2 2014+1.3%
Q1 2014+7.9%
Q4 2010+1.5%
Q4 2013+8.1%
Q3 2013-5.0%
Q2 2013+13.2%
Q1 2013-0.6%
Q4 2012+8.9%
Q2 2012+8.9%
Q3 2011-0.4%
Q3 2012-0.4%
Q4 2011-0.9%
Q1 2012-0.9%
Q1 2011-0.9%

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