Stock

Booz Allen Hamilton Holding Corporation

BAH
48
Consulting Services · Industrials
Also trades as: 0HOT.L GBP 0.74 (+4.26%)
Price
$73.94
+1.07 (+1.46%)
Market Cap
$8.89B
Winston Score
48
Winston is serious
Mixed quality — meaningful strengths and weaknesses.
Data as of Oct 10, 2026 · filings through Jun 30, 2026

§How the score breaks down

Quality
Good
17/30
Growth
Mixed
7/20
Cash Flow
Strong
8/10
Stability
Mixed
4/10
Valuation
Good
5/10
Ownership
Mixed
4/15
Dividends
Good
3/5

48 of 100 counted points = Winston Score 48.

Share count falling — buybacks

−8.6% over 4y

The company has reduced its share count over this period, returning value to shareholders through buybacks.

Diluted shares outstanding: 134.9M (2022) → 123.2M (2026)

§Winston Score History

The full picture

Booz Allen Hamilton is a consulting and technology firm that helps the U.S. government solve complex problems. Its main customers are federal agencies like the Department of Defense, intelligence community, and civilian agencies such as the IRS and Department of Homeland Security. The company provides services like cybersecurity, data analytics, artificial intelligence, and IT systems management.

Booz Allen earns money by winning long-term government contracts, where it charges for the labor and expertise of its roughly 34,000 employees. Nearly all of its revenue comes from the United States federal government, making it one of the largest government IT contractors in the country. This deep reliance on government spending is both its moat — agencies rarely switch contractors mid-project — and its main risk, since budget cuts or continuing resolutions in Congress can slow new contract awards and pressure revenue growth.

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Score breakdown

Every number that matters to educated investors.

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Quality

Profit per sale
Gross Margin
52.3%
Healthy — 52.3% gross margin
Profit after running costs
Operating Margin
10.0%
Modest — 10.0% operating margin
Return on the money invested
ROCE
19.7%
Strong — 19.7% return on capital

ROIC between 15% and 25%. Every dollar invested in the business earns 15 to 25 cents back per year.

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Growth

Sales growth
Sales YoY
-7.3%
Shrinking sales (-7.3% YoY)
Profit growth
EPS YoY
-21.8%
Earnings shrinking (-21.8% YoY)

Earnings per share down more than 10%. Either a bad year, or a real decline.

How steady the profit is
EPS Consistency
6/8 quarters
Earnings grew in most of the last 8 quarters

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Cash Flow

Profit that turns into cash
Cash Conversion
155%
Turns 155% of profit into real cash
Spare cash per sale
FCF Margin
10.1%
Modest free cash flow (10.1%)

FCF margin between 10% and 20%. Every $100 in sales becomes $10 to $20 in real cash.

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Stability

What it owes vs what it owns
Debt / Equity
3.46
Heavy debt load (3.46)
Covers its interest
Interest Cover
11.11x
Comfortably covers interest (11.1x)

Interest coverage above 8. Profits cover interest many times over.

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Valuation

Price vs profit
P/E Ratio (TTM)
11.6x
Attractive valuation — P/E 11.6

P/E in the normal range. Price is roughly $15 for every $1 of yearly profit.

Cheaper or dearer next year
P/E vs Forward
-0.8
SLOWING
Earnings expected to fall — forward P/E higher than today

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Dividends

Dividend
Dividend Yield
3.01%
Moderate income — 3.01% yield

Standard yield zone for stable dividend payers. A meaningful piece of total return.

Dividend record
Dividend Growth
+7.4%
Dividend growing modestly (7.4% YoY)

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