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Booz Allen Hamilton Holding

BAH on NYSE. Booz Allen Hamilton sells consulting and technology services to government agencies. Market value $8.3bn.

Watch this stockFree. We tell you when something changes.

Price checks use the past 12 months to June 2026. Quality checks use five annual reports, the latest for the year to March 2026.

Should I look at this?

Worth a closer look

Why it could be worth it

What to watch out for

Read what could go wrong

This is not advice. Check the numbers below.

Compare with another stock

Cash yield
past 12 months to June 2026
13.6%very high

For every $100 of what the whole company costs, it produced $13.62 of spare cash in the past 12 months. A savings account pays about $4.

Price to profit
past 12 months to June 2026
11.0×fair

You pay 11.0 years of operating profit for the business. The average large US company costs around 18.

Return on capital
five annual reports to March 2026
18.9%five-year median

Each dollar kept in the business earns 19 cents a year. Above 10 is good.

Quality score: 72 of 100. Price score: 100 of 100. Our list needs 70 on quality and 60 on price.

$68.14 a share, 15% above its 1-year low

Over the past year the price has ranged from $59.50 to $109.10.

Dividend: 3.4% a year

Paid every year for at least 5 years

Prices from Tuesday’s close (6 October).

Five years of cash, in billions

0.7
0.5
0.2
0.9
1.0
1.1
2022202320242025202612 monthsto Jun '26
Revenue
$8.4bn$9.3bn$10.7bn$12.0bn$11.2bn
Operating margin
8.2%4.8%9.5%11.4%9.2%
Debt to equity
2.682.833.263.993.57
Shares outstanding
0.13bn0.13bn0.13bn0.12bn0.12bn

Health checks

  • Free cash flow positive5 of 5 years
  • Accounting looks honest (Beneish)Not enough data
  • Financial strength (Piotroski)6 of 9
  • Profit backed by cash (accruals)Yes
  • Debt3.57× equity
  • Revenue growth, five yearsSlow, 7.4% a year
  • Buying back its own sharesYes, 9% fewer since 2022

The quarter to June 2026

How the business did, compared with the same quarter a year earlier.

  • Sales: $2.8 billion last quarter, down 4% on a year ago.
  • Profit: $198 million, down 27% on a year ago.
  • It keeps 10 cents of each $1 of sales as operating profit, down from 11 cents a year earlier.
  • Spare cash over the past 12 months: $1.1 billion, up from $987 million.
  • 3% fewer shares than a year ago. Each share owns a bit more of the company.
  • Debt is $3.4 billion more than cash, up from $3.3 billion a year ago.
  • Sales did not grow on a year ago in any of the last 4 quarters.
Sales by quarter
Sales by quarter
Quarter toAmount
September 2024$3.1bn
December 2024$2.9bn
March 2025$3.0bn
June 2025$2.9bn
September 2025$2.9bn
December 2025$2.6bn
March 2026$2.8bn
June 2026$2.8bn
Profit by quarter
Profit by quarter
Quarter toAmount
September 2024$390m
December 2024$187m
March 2025$193m
June 2025$271m
September 2025$175m
December 2025$200m
March 2026$205m
June 2026$198m

From the company's quarterly reports to the SEC.

Dates

Next results (estimated)
n/a
Last annual report (10-K)
22 May 2026
Next quarterly (estimated, 10-Q)
23 October 2026

Who owns it

8 long-term investors we follow own it, down from 10 last quarter. 557 funds in all.

Jun '25
Dec '25
Jun '26

Sold out this quarter

Largest holders overall

From 13F filings for the quarter ended 30 June 2026.

Big holders and activists

4 investors own more than 5%.

From Schedule 13D and 13G filings: anyone owning more than 5% must file one.

What insiders did

In the last 12 months, 1 insider bought $2m of shares on the open market. 1 sold $64,051.

  • Metzfield Dennis
    VP, PAO & Controller
    Sold
    Date
    13 August 2026
    Shares
    469
    Price
    $77.92
    Value
    $36,544
  • Metzfield Dennis
    VP, PAO & Controller
    Sold
    Date
    26 February 2026
    Shares
    350
    Price
    $78.59
    Value
    $27,507
  • ROZANSKI HORACIO
    President and CEO, Director
    Bought
    Date
    30 October 2025
    Shares
    23,800
    Price
    $84.66
    Value
    $2m

From Form 4 filings: insiders must report trades in their own company's shares within two days.

Warning signs in its filings

Problems the company itself reported to the SEC, in its own words.

None of the warning signs we check for were found.

We look for five warning signs: doubt it can keep going, weak checks on its own accounts, a notice that its past accounts can't be relied on, a change of auditor, and one customer bringing in a big share of sales. We don't check lawsuits, investigations or debt yet.

We checked the auditor's report, internal controls, restatement notices, auditor changes and big customers in the 10-K filed 22 May 2026, plus the 10-Q filed 24 Jul 2026 and 5 later 8-Ks.

A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.

What could go wrong

  • It carries a lot of debt: 3.6× its equity.

Whether the price already reflects the risks is what the deep dive is for.

The deep dive

Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.

  • What the business is worth, as a range, and the margin of safety at today’s price
  • Prices to start buying, buy, and buy hard
  • The three things that would make this a mistake
  • Every number footnoted to the filing it came from
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What a finished deep dive looks like

Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.