BAH Booz Allen Hamilton (BAH) Q4 FY26 earnings call
Booz Allen Hamilton navigated a challenging fiscal year 2026, marked by declining revenue in its Civil business and significant market changes, yet exceeded profit expectations through strong execution and cost discipline. The company is strategically transforming, focusing on cyber and defense tech growth vectors, AI integration, and unique partnerships, positioning itself for reacceleration despite anticipated near-term market volatility and continued civil portfolio declines in the first half of fiscal year 2027.
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BAH operating KPIs by quarter
| KPI | This call Mar 2026 Q4 FY26 | Jun 2026 Q1 FY27 | Sep 2026 Q2 FY27 | Change vs prior quarter |
|---|---|---|---|---|
| Book-to-bill ratio | 0.9 ratioOur book-to-bill was 0.9x for the quarter with a trailing 12-month book-to-bill of 1.1x, including the [ MC TP ] award that is currently under protest, both the quarterly and trailing 12-month book to bills would have been nearly 1.2x.Source: earnings call transcript | 1.5 ratiowith a book-to-bill of 1.5x.Source: earnings call transcript | 1.5 ratioMoving to demand in leading indicators, we had solid bookings during the quarter with a book-to-bill of 1.5x, benefiting from a large classified award in the quarter.Source: earnings call transcript | 0% |
| Backlog | $38BBacklog at the end of fiscal year totaled $38 billion, up about 3% year-over-year.Source: earnings call transcript | $39B+Total backlog at the end of the first quarter was over $39 billion, up 3% year-over-year.Source: earnings call transcript | <$41BTotal backlog at the end of the second quarter was nearly $41 billion, up 2% year-over-year.Source: earnings call transcript | — |
| Backlog Funded | $4.3BWe also saw funding improve in the fourth quarter with our funded backlog increasing sequentially to $4.3 billion.Source: earnings call transcript | $4.7BImportantly, funding showed further signs of improvement in the first quarter with our funded backlog increasing 15% year-over-year to $4.7 billion.Source: earnings call transcript | $5.7BDespite a funding environment that remains choppy, our funded backlog continued to strengthen increasing 5% year-over-year to $5.7 billion.Source: earnings call transcript | +21.3% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.