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Booz Allen Stock Declines 6.4% Since Fiscal Q2 Earnings

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Key Takeaways

  • {\"0\":\"\\r\\nBAH\'s fiscal Q2 EPS of $1.49 met estimates but fell 17.7% year over year; revenues slid 8.15% to $2.89B.\",\"1\":\"Total backlog rose 2.9% to $40B, while funded backlog declined 6.1% and book-to-bill dropped to 1.7.\",\"2\":\"Fiscal 2026 revenue is projected at $11.3-$11.5B, with EPS expected in the $5.45-$5.65 range.\"}

Booz Allen Hamilton Holding Corp.’s (BAH - Free Report) reported second-quarter fiscal 2026 earnings, which met the Zacks Consensus Estimate, but revenues missed the same.

The unimpressive results and weak guidance failed to impress the market, as the stock has plunged 6.4% since the release of results on Oct. 24, 2025.

BAH’s FY26 Outlook

For fiscal 2026, BAH expects revenues to be in the range of $11.3-$11.5 billion compared with the prior view of $12-$12.5 billion. The midpoint of the guided range ($11.40 billion) was slightly below the Zacks Consensus Estimate of $11.42 billion.

The revenue growth is anticipated to be in the range of 4-6%.

It expects an adjusted diluted EPS in the range of $5.45-$5.65 per share compared with prior guidance of $6.20-$6.55. The midpoint of the guided range ($5.55) was below the Zacks Consensus Estimate of $6.08 billion. Free cash flow is expected in the band of $850-$950 million.

Quarterly adjusted EPS of $1.49 came in line with the Zacks Consensus Estimate and decreased 17.7% from the year-ago fiscal quarter’s actual. The company reported revenues of $2.89 billion, which missed the consensus estimate by 3.1% and decreased 8.15% on a year-over-year basis. Revenues, excluding billable expenses, were $1.97 billion, down 10.5% on a year-over-year basis.

BAH’s Backlogs Increase in Q2

The total backlog increased 2.9% from the year-ago quarter to $40 billion, missing our estimate of $47.25 billion. The funded and unfunded backlogs amounted to $5.4 billion and $10.67 billion, respectively. The funded backlog decreased 6.1%, missing our expectation of $6.5 billion. The unfunded backlog rose 19.3%, lagging our estimate of $10.88 billion.

Priced options declined 1% to $24.08 billion, missing our expectation of $29.83 billion. The book-to-bill ratio stood at 1.7 compared with 2.4 in the year-ago quarter. The headcount of 32,500 declined 9.2% on a year-over-year basis.

BAH’s Q2 EBITDA Margins Rise

Adjusted EBITDA amounted to $324 million, a decrease of 11% from the year-ago quarter but beat our estimate of $321.4 million. The adjusted EBITDA margin on revenues of 11.2% decreased 40 basis points on a year-over-year basis.

Key Balance Sheet & Cash Flow Numbers of BAH

Booz Allen exited the quarter with cash and cash equivalents of $816 million compared with $885 million in the September-end quarter of 2025. Long-term debt (net of current portion) was $3.88 billion, down 1% compared with $3.92 billion at the end of fiscal 2025.

The company generated $421 million in net cash from operating activities. Capital expenditure was $279 million. The free cash flow was $395 million.

Booz Allen currently has a Zacks Rank #4 (Sell).

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Earnings Snapshot

Omnicom Group Inc. (OMC - Free Report) reported impressive third-quarter 2025 results, wherein both earnings and revenues beat the Zacks Consensus Estimate.

Earnings of $2.15 per share beat the consensus estimate by 4.2% and increased 10.3% year over year. Total revenues of $4.04 billion surpassed the consensus estimate by 0.4% and rose 4% year over year. The increase in the top line was led by a jump of 2.6% in revenues from organic growth.

ManpowerGroup, Inc. (MAN - Free Report) reported impressive third-quarter 2025 results, wherein both earnings and revenues beat the Zacks Consensus Estimate.

Quarterly adjusted earnings per share (EPS) came in at 83 cents, which beat the Zacks Consensus Estimate by 1.2% but decreased 35.7% year over year. Total revenues of $4.63 billion surpassed the consensus estimate by 0.6% and rose 2.3% year over year. 


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