analyzeportfolio
Nasdaq · Industrials

EXPONENT INC (EXPO)

As-reported financials and SEC filings for EXPONENT INC. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About EXPONENT INC

Exponent Inc is a science and engineering consulting firm that provides solutions to complex technical problems. It offers services in areas such as biomechanics, biomedical engineering, civil and structural engineering, construction consulting, data sciences, electrical engineering, and computer science. The company serves clients across various industries including consumer products, energy, transportation, chemical, government, and manufacturing.

Snapshot

Revenue
$582.0M
Revenue growth (YoY)
4.2%
Net income
$106.0M
Diluted EPS
$2.07
Gross margin
Operating margin
20.6%
Net margin
18.2%
FCF margin
21.0%
ROE
27.2%
net income / fiscal-year-end equity
P/E
32.1×
trailing when available, otherwise FY EPS
Market cap
$3.40B
Long-term debt / equity
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended January 2, 2026). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Exponent

  • Revenue grew 4.2% to $582M in FY2025, in line with the 4.1% the year before.
  • Operating margin is 20.6% in FY2025, -2.8 pp against 23.4% in FY2020.
  • Most recent quarter Q2 FY2026: revenue $172M, up 20.9% from Q2 FY2025.
  • Free cash flow was $122M in FY2025, 21.0% of revenue.
  • Net income fell 2.7% to $106M in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Exponent’s fundamentals sit among the 684 Industrials companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Operating margin20.6%
89th percentile of 605
Net margin18.2%
91st percentile of 645
FCF margin21.0%
93rd percentile of 562
Revenue growth (YoY)+4.2%
50th percentile of 668
ROE27.2%
90th percentile of 600
P/E32.1×
66th percentile of 434
Short interest7.79d
92nd percentile of 676

Exponent’s FCF margin of 21.0% ranks in the 93rd percentile of the 562 Industrials companies reporting it. Exponent’s net margin of 18.2% ranks in the 91st percentile of the 645 Industrials companies reporting it. Exponent’s return on equity of 27.2% ranks in the 90th percentile of the 600 Industrials companies reporting it.

No reported insider purchases (code P) in the last 90 days; 4 insider sales totaling $457,484. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 1 of the superinvestors we track (plus 6 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
1
+6 quant / multi-strat
Initiated / added
4
2 new, 2 added
Reduced / exited
5
3 trimmed, 2 exited
Combined position
$186.6M
reported long value
InvestorAs ofPosition valueSharesChange
AQR Capital ManagementquantQ2 2026$67.3M1.1MAdded
Two Sigma InvestmentsquantQ2 2026$60.7M1.0MReduced
Point72 Asset ManagementquantQ2 2026$23.2M394.5KNew
Millennium ManagementquantQ2 2026$23.0M391.0KReduced
D. E. ShawquantQ2 2026$9.6M163.9KReduced
Citadel AdvisorsquantQ2 2026$2.4M40.3KAdded
Bridgewater AssociatesQ2 2026$441,1117.5KNew

No longer held by: Gotham Asset Management (as of Q2 2026), Renaissance Technologies (as of Q2 2026)

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
code P value
Sells (90d)
4
$457K
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-08-17
filed 2026-08-18
Corrigan CatherineChief Executive OfficerSell1.7K$66.28$113K
2026-07-15
filed 2026-07-17
Corrigan CatherineChief Executive OfficerSell1.7K$62.78$109K
2026-06-15
filed 2026-06-17
Corrigan CatherinePresident & CEOSell2.3K$57.13$133K
2026-06-15
filed 2026-06-17
Corrigan CatherinePresident & CEOSell1.8K$57.13$102K
2026-05-26
filed 2026-05-27
James Bradley AGroup Vice PresidentSell2.0K$57.47$115K
2026-05-19
Reiss RichardGroup Vice PresidentSell1.7K$58.65$98K
2026-05-15
Corrigan CatherinePresident & CEOSell2.4K$54.06$128K
2026-05-15
Corrigan CatherinePresident & CEOSell1.8K$54.06$99K
2026-05-13
Rakow JosephGroup Vice PresidentSell2.9K$54.66$161K
2026-05-13
Sala JosephGroup Vice PresidentSell2.1K$56.66$117K
2026-04-15
filed 2026-04-16
Corrigan CatherinePresident & CEOSell2.2K$67.70$150K
2026-04-15
filed 2026-04-16
Corrigan CatherinePresident & CEOSell1.7K$67.70$115K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
3.0M
settled 2026-08-14
Change vs prior
+0.4%
vs previous settlement
Days to cover
7.79
at avg daily volume
Avg daily volume
383.6K
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-143.0M+0.4%7.79
2026-07-313.0M+1.7%4.64
2026-07-152.9M+1.9%5.87
2026-06-302.9M+5.8%3.94
2026-06-152.7M+32.6%4.50
2026-05-292.0M-33.5%3.70
2026-05-153.1M-4.5%5.61
2026-04-303.2M+3.9%7.20

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2022FY2021FY2020
Revenue$582.0M$558.5M$536.8M$513.3M$466.3M
Gross profit
Operating income$119.8M$119.6M$111.3M$140.8M$108.9M
Net income$106.0M$109.0M$100.3M$102.3M$101.2M
Diluted EPS$2.07$2.11$1.94$1.96$1.90

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

 FY2025FY2024FY2022FY2021FY2020
Cash and equivalents$221.9M$258.9M$187.2M$161.5M$297.7M
Current assets$427.6M$446.9M$379.5M$349.2M$452.8M
Total assets$777.5M$777.3M$646.8M$586.7M$683.7M
Current liabilities$178.0M$163.2M$161.9M$159.0M$153.0M
Long-term debt
Total liabilities$387.2M$356.2M$290.7M$265.9M$266.7M
Total equity$390.3M$421.1M$356.1M$320.8M$417.1M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2022FY2021FY2020
Operating cash flow$131.7M$144.5M$127.4M$93.8M$124.6M
Capital expenditure$9.4M$6.9M$16.4M$12.0M$6.8M
Free cash flow$122.3M$137.6M$111.0M$81.8M$117.7M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$171.6M20.9%$29.4M$0.60
Q1 FY2026$166.3M14.3%$29.6M$0.59
Q4 FY2025$147.4M7.8%$24.8M$0.49
Q3 FY2025$147.1M8.0%$28.0M$0.55
Q2 FY2025$142.0M1.0%$26.6M$0.52
Q1 FY2025$145.5M0.4%$26.6M$0.52
Q4 FY2024$136.8M$23.6M$0.46
Q3 FY2024$136.3M$26.0M$0.50

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNasdaq
SectorIndustrials
SIC industryServices-Management Consulting Services
Latest annual periodFY2025 (ended January 2, 2026)
Latest reported quarterQ2 FY2026 (ended July 3, 2026)
Oldest indexed filing2014
SEC CIK851520

Selected SEC filings

10-Q2026-08-07
View on EDGAR →
10-Q2026-05-08
View on EDGAR →
8-K2026-07-30
View on EDGAR →
8-K2026-06-10
View on EDGAR →
8-K2026-04-30
View on EDGAR →
8-K2026-04-06
View on EDGAR →

Largest Industrials peers

All Industrials companies →

Monitor EXPO

Get an alert when Exponent files something material, see which superinvestors own it, and ask its filings a question with cited answers.

Monitor EXPO free

Includes one free filing-grounded research answer. Or check your whole portfolio, no account needed.

Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.