Assay
Financial-condition grades for SEC filers
Company Report · as of Oct 9, 2026
|
| CRA International, Inc.CRAI · other | |
|---|---|
| Grade |  Eweakest fifth of 336 graded peers; percentile 94.6, sampling error 2.6 points; lower is stronger |
| Rank | 318 of 336 |
| Profitability | Epercentile 92.5 |
| Solvency | Dpercentile 67.9 |
| Growth and financing | Cpercentile 52.6 |
| Reliability | 0.91 AUCfailure model, filers with $591M to $2.67B assets; 95% interval 0.88 to 0.94; 160 events, 2020 to 2025 |
| Peer failure rate | 1.01% a yearItem 1.03 bankruptcies, same asset band, 2012 to 2025 |
| Size band | $591M to $2.67B assetstotal assets $628.9M[1] |
| Standard universe | insiderevenue above $1M and assets above $10M[1-2] |
| Warnings | none activenot computable: distress, fortress balance sheet |
| Inputs computable | 7 of 14 |
| Graded from | filings received through Feb 26, 2026225 days before the rescan; every figure keyed to the SEC receipt date |
| Last close | $178.422026-10-08; market equity $1.1B; iex feed |
| Price used in grade | None |
| Share price, twelve months to the rescansplit-adjusted close; a lollipop at every rescan carries the letter held then; baseline ticks are SEC receipt dates of the inputs; ranges and dragging scroll the full history | ||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Percentile at every rescan on file, Jan 21, 2012 to Oct 9, 2026; stronger toward the top. Hover for the date. Open this report as it stood on | ||||||||||||||||||||||||||||||||||||||||||||
Each date opens the report as it stood on that rescan. |
Business, in the company's words. Opening of Item 1 of the 10-K received Feb 26, 2026; the document on sec.gov.
Unless otherwise indicated or required by the context, when we use the terms "CRA", "the Company," "us," "we," or "our" we mean CRA International, Inc., a Massachusetts corporation, and its consolidated subsidiaries. We are a leading global consulting firm specializing in providing economic, financial and management consulting services. We advise clients on economic and financial matters pertaining to litigation and regulatory proceedings, and guide corporations through critical business strategy and performance-related issues.
The Fourteen Inputs [top]
Lower percentile is stronger. Source numbers open the SEC filing; a range that spans filings opens the sources table.
| Input | Percentile, 0 to 100 | Value | Source | Peer median | Percentile | Peers | Period end |
|---|---|---|---|---|---|---|---|
| Profitability, sleeve percentile 92.5 | |||||||
| Gross profitability | not computable | 27.1% | |||||
| latest aligned inputs end 2016-12-31; latest annual assets end 2026-01-03 | |||||||
| Return on invested capital | not computable | 10.0% | |||||
| one or more required annual facts are missing | |||||||
| Accruals ratio | 5.4% | [1,3-5] | (5.9%) | 92.5 | 506 | 2026-01-03 | |
| Gross margin stability, five years | not computable | 2.2 pts | |||||
| five annual gross margins are required; found 0 | |||||||
| Solvency, sleeve percentile 67.9 | |||||||
| Twelve-month failure probability | not computable | 0.04% | |||||
| liabilities and a nearby cover-page share count are required at 2026-07-04 | |||||||
| Altman Z double-prime | not computable | 2.05 | |||||
| one or more required annual facts are missing | |||||||
| Net debt to EBITDA | not computable | 2.52x | |||||
| one or more required annual facts are missing | |||||||
| Interest coverage | not computable | 2.18x | |||||
| latest aligned inputs end 2023-12-30; latest annual assets end 2026-01-03 | |||||||
| Current ratio | 0.92x | [6-7] | 1.32x | 67.9 | 506 | 2026-01-03 | |
| Growth and financing, sleeve percentile 52.6 | |||||||
| Revenue growth, three-year compound | 8.3% | [2,8-10] | 5.1% | 36.1 | 403 | 2026-01-03 | |
| Free cash flow growth, three-year compound | (4.5%) | [4,11-17] | 8.7% | 68.5 | 220 | 2026-01-03 | |
| Reinvestment rate | (92.9%) | [6-7,11,18-23] | 11.9% | 86.8 | 190 | 2026-01-03 | |
| Asset growth, three years | 4.5% | [1,5,24-25] | 4.1% | 46.2 | 438 | 2026-01-03 | |
| Net share issuance, one year | (3.3%) | [26-27] | (0.4%) | 25.4 | 356 | 2026-02-20 | |
Gross profitability. Revenue less cost of goods sold, over total assets.
Accruals ratio. Net income less operating cash flow, over average assets; lower is stronger.
Gross margin stability, five years. Standard deviation of gross margin; lower is stronger.
Twelve-month failure probability. CHS model; lower is stronger.
Net debt to EBITDA. Lower is stronger.
Net share issuance, one year. Split-adjusted; lower is stronger.
Sleeves are equal-weighted; within a sleeve each computable input carries equal weight. Composite 0.449; sampling error 2.6 percentile points on 336 peers.
Among 336 Peers [top]
Composite score of every graded peer, smoothed. Vertical rules are the letter band edges at the 20th, 40th, 60th and 80th percentiles. Small dots are the six largest peers by market equity.
| Rank | Company | Percentile | Letter | Warnings |
|---|---|---|---|---|
| 313 | Claritev Corp. (CTEV) Claritev Corp. (CTEV) Eweakest fifth; percentile 93.1 NYSE · Services-Business Services, NEC market equity $412.3M; last close $24.37 No active warnings; 9 of 14 inputs | 93.1 | E | |
| 314 | Perma FIX Environmental Services Inc. (PESI) Perma FIX Environmental Services Inc. (PESI) Eweakest fifth; percentile 93.4 Nasdaq · Hazardous Waste Management market equity $300.5M; last close $14.20 Warnings: fortress balance sheet; 9 of 14 inputs | 93.4 | E | fortress balance sheet |
| 315 | Chegg, Inc. (CHGG) Chegg, Inc. (CHGG) Eweakest fifth; percentile 93.7 NYSE · Services-Educational Services market equity $81.6M; last close $0.74 No active warnings; 9 of 14 inputs | 93.7 | E | |
| 316 | Boxlight Corp. (BOXL) Boxlight Corp. (BOXL) Eweakest fifth; percentile 94.0 Nasdaq · Services-Educational Services market equity $2.2M; last close $3.27 Warnings: dilution, late filer; 9 of 14 inputs | 94.0 | E | dilution, late filer |
| 317 | Madison Square Garden Sports Corp. (MSGS) Madison Square Garden Sports Corp. (MSGS) Eweakest fifth; percentile 94.3 NYSE · Services-Miscellaneous Amusement & Recreation last close $407.02 No active warnings; 7 of 14 inputs | 94.3 | E | |
| 318 | CRA International, Inc. (CRAI) CRA International, Inc. (CRAI) Eweakest fifth; percentile 94.6 Nasdaq · Services-Legal Services market equity $1.1B; last close $178.42 No active warnings; 7 of 14 inputs | 94.6 | E | |
| 319 | Clear Channel Outdoor Holdings, Inc. (CCO) Clear Channel Outdoor Holdings, Inc. (CCO) Eweakest fifth; percentile 94.9 NYSE · Services-Advertising market equity $1.2B; last close $2.43 No active warnings; 8 of 14 inputs | 94.9 | E | |
| 320 | Altisource Portfolio Solutions S.A. (ASPS) Altisource Portfolio Solutions S.A. (ASPS) Eweakest fifth; percentile 95.5 Nasdaq · Services-Miscellaneous Business Services last close $6.49 No active warnings; 7 of 14 inputs | 95.5 | E | |
| 321 | Altisource Portfolio Solutions S.A. (ASPSW) Altisource Portfolio Solutions S.A. (ASPSW) Eweakest fifth; percentile 95.5 Nasdaq · Services-Miscellaneous Business Services last close $0.32 No active warnings; 7 of 14 inputs | 95.5 | E | |
| 322 | Altisource Portfolio Solutions S.A. (ASPSZ) Altisource Portfolio Solutions S.A. (ASPSZ) Eweakest fifth; percentile 95.5 Nasdaq · Services-Miscellaneous Business Services last close $0.16 No active warnings; 7 of 14 inputs | 95.5 | E | |
| 323 | SolarMax Technology, Inc. (SMXT) SolarMax Technology, Inc. (SMXT) Eweakest fifth; percentile 96.1 Nasdaq · Construction - Special Trade Contractors market equity $22.1M; last close $4.66 Warnings: late filer, distress; 7 of 14 inputs | 96.1 | E | late filer, distress |
| Peer policy | Letter | Percentile | Peers |
|---|---|---|---|
| all graded filers, equal sleeves | E | 96.7 | 2204 |
| sector peers, equal sleeves (the grade) | E | 94.6 | 336 |
| same exchange, equal sleeves | E | 96.3 | 1219 |
| sector peers, equal inputs | E | 84.8 | 336 |
Each letter is one fifth of the 336 graded peers, about 67 companies. A boundary letter (A/B, B/C, C/D, D/E) marks a percentile within one sampling error of a band edge.
What the Price Implies [top]
Market measures at the 2026-10-08 close. None enters the grade. Percentile among graded peers with the same measure.
| Measure | Value | Peer median | Percentile | Reading |
|---|---|---|---|---|
| Twelve-month price change, skipping the latest month | (15.4%) | 2.0% | 34 | hotter than 34 of 100 peers |
| Distance from 52-week high | (20.5%) | (26.8%) | 59 | closer to its high than 59 of 100 peers |
| EBIT to enterprise value | not computable | 4.4% | required accounting or market input is missing | |
| Free cash flow yield | 1.7% | 4.1% | 30 | pricier than 70 of 100 peers |
| Book value to price | 0.16 | 0.34 | 27 | pricier than 73 of 100 peers |
| Sales to price | 0.67 | 0.70 | 48 | pricier than 52 of 100 peers |
| Composite equity issuance, five years | (26.7%) | (8.8%) | 17 | more equity-funded than 17 of 100 peers |
| Relative strength against the sector, log excess return | (0.31) | (0.13) | 34 | ahead of 34 of 100 peers |
Inputs: market equity $1.1B; EBIT $83.1M; free cash flow $18.6M; book equity $181.8M; sales $751.6M; cash $21.4M[28].
Diagnostics [top]
Diagnostics do not feed the grade.
| Piotroski F-score: None of 9, period end 2026-01-03 | ||
|---|---|---|
| Return on assets above zero | 9.6% | ✓ pass[3,5] |
| Operating cash flow above zero | $22.4M | ✓ pass[4] |
| Return on assets improved | 1.2 pts | ✓ pass[3,5,24,29] |
| Operating cash flow exceeds net income | -$32.4M | ✗ fail[3-4] |
| Long-term leverage fell | n/a[1,5,24] | |
| Current ratio improved | (15.3 pts) | ✗ fail[6-7,22-23] |
| No new shares issued | (3.3%) | ✓ pass[26-27] |
| Gross margin improved | n/a | |
| Asset turnover improved | 7.3 pts | ✓ pass[2,5,8,24] |
Downloads [top]
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Sources [top]
Every citation on this page. Filing opens the SEC index page for that submission; viewer opens the SEC interactive data for the same filing; series opens the SEC XBRL API record for that tag and company.
| # | Concept | XBRL tag | Value | Period end | Received | Form | Links |
|---|---|---|---|---|---|---|---|
| 1 | assets | us-gaap:Assets | $628.9M | 2026-01-03 | 2026-02-26 | 10-K | filing · viewer · series |
| 2 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $751.6M | 2026-01-03 | 2026-02-26 | 10-K | filing · viewer · series |
| 3 | net income | us-gaap:NetIncomeLoss | $54.8M | 2026-01-03 | 2026-02-26 | 10-K | filing · viewer · series |
| 4 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $22.4M | 2026-01-03 | 2026-02-26 | 10-K | filing · viewer · series |
| 5 | assets | us-gaap:Assets | $571.4M | 2024-12-28 | 2026-02-26 | 10-K | filing · viewer · series |
| 6 | current assets | us-gaap:AssetsCurrent | $303.1M | 2026-01-03 | 2026-02-26 | 10-K | filing · viewer · series |
| 7 | current liabilities | us-gaap:LiabilitiesCurrent | $330.0M | 2026-01-03 | 2026-02-26 | 10-K | filing · viewer · series |
| 8 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $687.4M | 2024-12-28 | 2026-02-26 | 10-K | filing · viewer · series |
| 9 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $624.0M | 2023-12-30 | 2026-02-26 | 10-K | filing · viewer · series |
| 10 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $590.9M | 2022-12-31 | 2025-02-20 | 10-K | filing · viewer · series |
| 11 | capital expenditure | us-gaap:PaymentsToAcquirePropertyPlantAndEquipment | $3.9M | 2026-01-03 | 2026-02-26 | 10-K | filing · viewer · series |
| 12 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $49.7M | 2024-12-28 | 2026-02-26 | 10-K | filing · viewer · series |
| 13 | capital expenditure | us-gaap:PaymentsToAcquirePropertyPlantAndEquipment | $16.6M | 2024-12-28 | 2026-02-26 | 10-K | filing · viewer · series |
| 14 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $60.1M | 2023-12-30 | 2026-02-26 | 10-K | filing · viewer · series |
| 15 | capital expenditure | us-gaap:PaymentsToAcquirePropertyPlantAndEquipment | $2.4M | 2023-12-30 | 2026-02-26 | 10-K | filing · viewer · series |
| 16 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $25.1M | 2022-12-31 | 2025-02-20 | 10-K | filing · viewer · series |
| 17 | capital expenditure | us-gaap:PaymentsToAcquirePropertyPlantAndEquipment | $3.8M | 2022-12-31 | 2025-02-20 | 10-K | filing · viewer · series |
| 18 | depreciation amortization | us-gaap:DepreciationDepletionAndAmortization | $14.1M | 2026-01-03 | 2026-02-26 | 10-K | filing · viewer · series |
| 19 | operating income | us-gaap:OperatingIncomeLoss | $83.1M | 2026-01-03 | 2026-02-26 | 10-K | filing · viewer · series |
| 20 | pretax income | us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest | $76.6M | 2026-01-03 | 2026-02-26 | 10-K | filing · viewer · series |
| 21 | income tax | us-gaap:IncomeTaxExpenseBenefit | $21.8M | 2026-01-03 | 2026-02-26 | 10-K | filing · viewer · series |
| 22 | current assets | us-gaap:AssetsCurrent | $269.4M | 2024-12-28 | 2026-02-26 | 10-K | filing · viewer · series |
| 23 | current liabilities | us-gaap:LiabilitiesCurrent | $251.3M | 2024-12-28 | 2026-02-26 | 10-K | filing · viewer · series |
| 24 | assets | us-gaap:Assets | $553.2M | 2023-12-30 | 2025-02-20 | 10-K | filing · viewer · series |
| 25 | assets | us-gaap:Assets | $550.9M | 2022-12-31 | 2024-02-29 | 10-K | filing · viewer · series |
| 26 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 6,566,183 | 2026-02-20 | 2026-02-26 | 10-K | filing · viewer · series |
| 27 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 6,791,557 | 2025-02-14 | 2025-02-20 | 10-K | filing · viewer · series |
| 28 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 6,276,860 | 2026-07-31 | 2026-08-06 | 10-Q | filing · viewer · series |
| 29 | net income | us-gaap:NetIncomeLoss | $46.7M | 2024-12-28 | 2026-02-26 | 10-K | filing · viewer · series |
| 30 | cash | us-gaap:CashAndCashEquivalentsAtCarryingValue | $21.4M | 2026-07-04 | 2026-08-06 | 10-Q | filing · viewer · series |
| 31 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | -$118.3M | 2026-07-04 | 2026-08-06 | 10-Q | filing · viewer · series |
| 32 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | -$113.9M | 2026-04-04 | 2026-05-07 | 10-Q | filing · viewer · series |
| 33 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | -$37.6M | 2025-09-27 | 2025-10-30 | 10-Q | filing · viewer · series |
| 34 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | -$74.1M | 2025-06-28 | 2026-08-06 | 10-Q | filing · viewer · series |
Limitations [top]
Grade boundary. Percentile 94.6 is 14.6 points from the nearest band edge; sampling error is 2.6 points.
Peer group. Sector assignment from four-digit SIC codes, hand-tuned and published. The grade under three alternative peer policies is tabled above.
Size. Within a sector the letter tracks size. Among graded filers in the smallest asset band, 72% grade E and 0% grade A; in the largest, 13% grade E and 21% grade A. Universe as of Oct 9, 2026.
Failure model. filings 2012-01-01 to 2019-12-31 fit, filings 2020-01-01 to 2025-12-31 test; status post hoc pending confirmation. pre-registered on 2026 filings once their 12-month outcome windows close; supported if the paired per-quintile gain over the pooled model has a lower bound above 0.05.
Input validity. Revenue or total assets at or below $100,000 sets the degenerate-inputs flag. An input whose denominator is at or below $100,000 is left not computable rather than ranked.
Returns. No input on this page has a post-2015 confidence interval on returns that excludes zero. The grade ranks reported financial condition and is not a return forecast.
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