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Exponent, Inc., together with its subsidiaries, operates as a science and engineering consulting company in the United States and internationally. The company operates in two segments, Engineering and Other Scientific, and Environmental and Health. It provides services in the areas of biomechanics, biomedical engineering and sciences, civil and structural engineering, construction consulting, data sciences, electrical engineering and computer science, human factors, materials and corrosion engineering, mechanical engineering, metallurgical and corrosion engineering polymer and chemistry, thermal sciences, and vehicle engineering. The company also offers services in the areas of chemical regulation and food safety, ecological and biological sciences, environmental and earth sciences, and health sciences. In addition, it provides proactive and reactive product safety, litigation support, and technical, regulatory services. It serves clients in chemical, construction, consumer products, energy, food, beverage and nutrition, government, life sciences, insurance, manufacturing, technology, industrial equipment, transportation, and other sectors. The company was formerly known as The Failure Group, Inc. and changed its name to Exponent, Inc. in 1998. The company was founded in 1967 and is headquartered in Menlo Park, California.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $582M | $130M | $106M | $122M | 27.2% | 4.2% | -2.7% |
| 2024 | $559M | $129M | $109M | $138M | 25.9% | 4.1% | 8.6% |
| 2023 | $537M | $120M | $100M | $111M | 28.2% | 4.6% | -1.9% |
| 2022 | $513M | $148M | $102M | $82M | 31.9% | - | - |
| 2021 | - | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 513.29 | 536.77 | 558.51 | 582.01 |
| Operating Revenue | - | 463.82 | 497.19 | 518.49 | 536.76 |
| Operating Expense | - | 372.45 | 425.44 | 438.96 | 462.23 |
| Selling General And Administration | - | 287.90 | 344.33 | 352.74 | 367.52 |
| Total Expenses | - | 372.45 | 425.44 | 438.96 | 462.23 |
| Operating Income | - | 140.84 | 111.32 | 119.56 | 119.79 |
| Total Operating Income As Reported | - | 140.84 | 111.32 | 119.56 | 119.79 |
| EBITDA | - | 147.92 | 120.24 | 129.25 | 129.87 |
| Normalized EBITDA | - | 161.59 | 106.18 | 114.33 | 112.66 |
| EBIT | - | 140.84 | 111.32 | 119.56 | 119.79 |
| Interest Income | - | 2.10 | 7.15 | 10 | 9.31 |
| Net Interest Income | - | 2.10 | 7.15 | 10 | 9.31 |
| Other Non Operating Income Expenses | - | 2.96 | 3.37 | 2.90 | 1 |
| Other Income Expense | - | -10.70 | 17.42 | 17.81 | 18.20 |
| Interest Income Non Operating | - | 2.10 | 7.15 | 10 | 9.31 |
| Net Non Operating Interest Income Expense | - | 2.10 | 7.15 | 10 | 9.31 |
| Pretax Income | - | 132.23 | 135.90 | 147.37 | 147.30 |
| Tax Provision | - | 29.90 | 35.56 | 38.37 | 41.29 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -3.09 | 3.68 | 3.88 | 4.82 |
| Net Income Continuous Operations | - | 102.33 | 100.34 | 109 | 106.01 |
| Net Income From Continuing And Discontinued Operation | - | 102.33 | 100.34 | 109 | 106.01 |
| Net Income From Continuing Operation Net Minority Interest | - | 102.33 | 100.34 | 109 | 106.01 |
| Net Income | - | 102.33 | 100.34 | 109 | 106.01 |
| Net Income Common Stockholders | - | 102.33 | 100.34 | 109 | 106.01 |
| Net Income Including Noncontrolling Interests | - | 102.33 | 100.34 | 109 | 106.01 |
| Normalized Income | - | 112.91 | 89.97 | 97.97 | 93.63 |
| Diluted NI Availto Com Stockholders | - | 102.33 | 100.34 | 109 | 106.01 |
| Basic Average Shares | - | 51.73 | 51.15 | 51.13 | 50.90 |
| Diluted Average Shares | - | 52.28 | 51.64 | 51.57 | 51.24 |
| Reconciled Depreciation | - | 7.08 | 8.92 | 9.69 | 10.08 |
| Total Unusual Items | - | -13.66 | 14.06 | 14.91 | 17.20 |
| Total Unusual Items Excluding Goodwill | - | -13.66 | 14.06 | 14.91 | 17.20 |
| Gain On Sale Of Security | - | -13.66 | 14.06 | 14.91 | 17.20 |
| General And Administrative Expense | - | 287.90 | 344.33 | 352.74 | 367.52 |
| Other Gand A | - | 23.66 | 24.44 | 22.73 | 25.52 |
| Salaries And Wages | - | 264.24 | 319.89 | 330.01 | 341.99 |
| Other Operating Expenses | - | 84.56 | 81.12 | 86.22 | 94.71 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Exponent, Inc.this co. | EXPO | $2.9B | 27.22↑ premium | 7.39 | 27.2% | 21.15 |
| Astronics Corporation | ATRO | $3.1B | 106.61 | 22.34 | 21.0% | 35.52 |
| CECO Environmental Corp. | CECO | $2.9B | 58.13 | 9.16 | 15.8% | 24.22 |
| Atkore Inc. | ATKR | $2.9B | -188.99 | 2.05 | -1.1% | 18.87 |
| Helios Technologies, Inc. | HLIO | $2.8B | 58.68 |
| - |
| - |
| - |
| - |
| 3.05 |
| 5.2% |
| 21.28 |
| Voyager Technologies, Inc. | VOYG | $2.8B | -26.97 | 7.37 | -27.3% | -31.29 |
| Eos Energy Enterprises, Inc. | EOSE | $2.7B | -2.83 | -1.23 | 43.3% | -3.24 |
| First Advantage Corporation | FA | $2.7B | -77.68 | 2.06 | -2.7% | 11.98 |
| McGrath RentCorp | MGRC | $2.7B | 17.18 | 2.17 | 12.6% | 9.12 |
| Peer Median | - | 7.18 | 2.61 | 8.9% | 15.43 | |