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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% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 513.29 | 536.77 | 558.51 | 582.01 |
| Operating Expense | 372.45 | 425.44 | 438.96 | 462.23 |
| Operating Income | 140.84 | 111.32 | 119.56 | 119.79 |
| EBITDA | 147.92 | 120.24 | 129.25 | 129.87 |
| EBIT | 140.84 | 111.32 | 119.56 | 119.79 |
| Pretax Income | 132.23 | 135.90 | 147.37 | 147.30 |
| Tax Provision | 29.90 | 35.56 | 38.37 | 41.29 |
| Net Income | 102.33 | 100.34 | 109 | 106.01 |
| Net Income Common Stockholders | 102.33 | 100.34 | 109 | 106.01 |
| Total Expenses | 372.45 | 425.44 | 438.96 | 462.23 |
| Interest Income | 2.10 | 7.15 | 10 | 9.31 |
| Selling General And Administration | 287.89 | 344.33 | 352.74 | 367.51 |
| Normalized EBITDA | 161.59 | 106.18 | 114.33 | 112.67 |
| Normalized Income | 112.91 | 89.97 | 97.97 | 93.63 |
| Basic EPS | 1.98 | 1.96 | 2.13 | 2.08 |
| Diluted EPS | 1.96 | 1.94 | 2.11 | 2.07 |
| Tax Effect Of Unusual Items | -3.09 | 3.68 | 3.88 | 4.82 |
| Tax Rate For Calcs | 0.23 | 0.26 | 0.26 | 0.28 |
| Total Unusual Items | -13.66 | 14.06 | 14.91 | 17.20 |
| Total Unusual Items Excluding Goodwill | -13.66 | 14.06 | 14.91 | 17.20 |
| Net Income From Continuing Operation Net Minority Interest | 102.33 | 100.34 | 109 | 106.01 |
| Reconciled Depreciation | 7.08 | 8.92 | 9.69 | 10.08 |
| Net Interest Income | 2.10 | 7.15 | 10 | 9.31 |
| Net Income From Continuing And Discontinued Operation | 102.33 | 100.34 | 109 | 106.01 |
| Total Operating Income As Reported | 140.84 | 111.32 | 119.56 | 119.79 |
| Diluted Average Shares | 52.28 | 51.63 | 51.57 | 51.24 |
| Basic Average Shares | 51.73 | 51.15 | 51.13 | 50.90 |
| Diluted NI Availto Com Stockholders | 102.33 | 100.34 | 109 | 106.01 |
| Net Income Including Noncontrolling Interests | 102.33 | 100.34 | 109 | 106.01 |
| Net Income Continuous Operations | 102.33 | 100.34 | 109 | 106.01 |
| Other Income Expense | -10.70 | 17.42 | 17.81 | 18.20 |
| Other Non Operating Income Expenses | 2.96 | 3.37 | 2.90 | 1 |
| Gain On Sale Of Security | -13.66 | 14.06 | 14.91 | 17.20 |
| Net Non Operating Interest Income Expense | 2.10 | 7.15 | 10 | 9.31 |
| Interest Income Non Operating | 2.10 | 7.15 | 10 | 9.31 |
| Other Operating Expenses | 84.56 | 81.12 | 86.22 | 94.71 |
| General And Administrative Expense | 287.89 | 344.33 | 352.74 | 367.51 |
| Other Gand A | 23.66 | 24.44 | 22.73 | 25.52 |
| Salaries And Wages | 264.24 | 319.89 | 330.01 | 341.99 |
| Operating Revenue | 463.82 | 497.19 | 518.49 | 536.76 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Exponent, Inc.this co. | EXPO | $3.2B | 31.97↑ premium | 8.41 | 27.2% | 24.03 |
| York Space Systems, Inc. | YSS | $3.7B | - | 1.68 | -9.7% | -473.39 |
| NuScale Power Corporation | SMR | $3.7B | - | 3.08 | -32.0% | -12.69 |
| Maximus, Inc. | MMS | $3.6B | 10.02 | 2.07 | 19.1% | 7.27 |
| BETA Technologies, Inc. | BETA | $3.5B | - |
| 1.83 |
| -41.0% |
| -5.24 |
| McGrath RentCorp | MGRC | $2.9B | 18.68 | 2.36 | 12.6% | 13.09 |
| Amprius Technologies, Inc. | AMPX | $2.8B | - | 26.35 | -42.4% | -138.51 |
| CECO Environmental Corp. | CECO | $2.6B | 190.74 | 8.14 | 15.5% | 32.79 |
| Atkore Inc. | ATKR | $2.5B | - | 1.81 | -1.1% | 9.42 |
| Peer Median | - | 18.68 | 2.22 | -5.4% | 1.02 | |