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Charles River Associates Valuation Multiples
Discover revenue and EBITDA valuation multiples for Charles River Associates and similar public comparables like MLP, SMS, MBB, GlobalData and more.
Charles River Associates Overview
About Charles River Associates
CRA International Inc is a U.S.-based advisory firm that provides economic, financial, and management consultancy services. The company advises clients on economic and financial issues relating to litigation and regulatory proceedings and helps businesses set important business strategies and solve performance-related issues. The company's clients include domestic and foreign companies, government agencies, public and private utilities, and national and international trade associations. CRA International generates majority of its revenue from the United States, while it also has its presence in United Kingdom and Other Countries.
Founded
1965
HQ

Employees
946
Website
Sectors
Financials (LTM)
EV
$1B
Charles River Associates Financials
Charles River Associates reported last 12-month revenue of $764M and EBITDA of $97M.
In the same LTM period, Charles River Associates generated $235M in gross profit, $97M in EBITDA, and $55M in net income.
Revenue (LTM)
Charles River Associates P&L
In the most recent fiscal year, Charles River Associates reported revenue of $794M and EBITDA of $111M.
Charles River Associates expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $764M | XXX | $794M | XXX | XXX | XXX |
| Gross Profit | $235M | XXX | $232M | XXX | XXX | XXX |
| Gross Margin | 31% | XXX | 29% | XXX | XXX | XXX |
| EBITDA | $97M | XXX | $111M | XXX | XXX | XXX |
| EBITDA Margin | 13% | XXX | 14% | XXX | XXX | XXX |
| EBIT Margin | 11% | XXX | 11% | XXX | XXX | XXX |
| Net Profit | $55M | XXX | $55M | XXX | XXX | XXX |
| Net Margin | 7% | XXX | 7% | XXX | XXX | XXX |
| Net Debt | — | — | $16M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Charles River Associates Stock Performance
Charles River Associates has current market cap of $1B, and enterprise value of $1B.
Market Cap Evolution
Charles River Associates' stock price is $158.84.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $1B | $1B | 0.0% | XXX | XXX | XXX | $8.34 |
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Start Free TrialCharles River Associates Valuation Multiples
Charles River Associates trades at 1.5x EV/Revenue multiple, and 11.9x EV/EBITDA.
EV / Revenue (LTM)
Charles River Associates Financial Valuation Multiples
As of April 19, 2026, Charles River Associates has market cap of $1B and EV of $1B.
Equity research analysts estimate Charles River Associates' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Charles River Associates has a P/E ratio of 19.1x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $1B | XXX | $1B | XXX | XXX | XXX |
| EV (current) | $1B | XXX | $1B | XXX | XXX | XXX |
| EV/Revenue | 1.5x | XXX | 1.4x | XXX | XXX | XXX |
| EV/EBITDA | 11.9x | XXX | 10.3x | XXX | XXX | XXX |
| EV/EBIT | 13.8x | XXX | 13.7x | XXX | XXX | XXX |
| EV/Gross Profit | 4.9x | XXX | 5.0x | XXX | XXX | XXX |
| P/E | 19.1x | XXX | 19.0x | XXX | XXX | XXX |
| EV/FCF | 36.7x | XXX | 15.3x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Charles River Associates Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


Charles River Associates Margins & Growth Rates
Charles River Associates' revenue in the last 12 month grew by 6%.
Charles River Associates' revenue per employee in the last FY averaged $0.8M, while opex per employee averaged $0.2M for the same period.
Charles River Associates' rule of 40 is 15% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Charles River Associates' rule of X is 15% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Charles River Associates Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 6% | XXX | 5% | XXX | XXX | XXX |
| EBITDA Margin | 13% | XXX | 14% | XXX | XXX | XXX |
| EBITDA Growth | 3% | XXX | (5%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 15% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 15% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.8M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 19% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Charles River Associates Public Comps
See public comps and valuation multiples for other Business Consulting comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Charles River Associates | XXX | XXX | XXX | XXX | XXX | XXX |
| MLP | XXX | XXX | XXX | XXX | XXX | XXX |
| SMS | XXX | XXX | XXX | XXX | XXX | XXX |
| MBB | XXX | XXX | XXX | XXX | XXX | XXX |
| GlobalData | XXX | XXX | XXX | XXX | XXX | XXX |
| ICF International | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Charles River Associates M&A Activity
Charles River Associates acquired XXX companies to date.
Last acquisition by Charles River Associates was on XXXXXXXX, XXXXX. Charles River Associates acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Charles River Associates
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialCharles River Associates Investment Activity
Charles River Associates invested in XXX companies to date.
Charles River Associates made its latest investment on XXXXXXXX, XXXXX. Charles River Associates invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Charles River Associates
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Charles River Associates
| When was Charles River Associates founded? | Charles River Associates was founded in 1965. |
| Where is Charles River Associates headquartered? | Charles River Associates is headquartered in United States. |
| How many employees does Charles River Associates have? | As of today, Charles River Associates has over 946 employees. |
| Who is the CEO of Charles River Associates? | Charles River Associates' CEO is Paul A. Maleh. |
| Is Charles River Associates publicly listed? | Yes, Charles River Associates is a public company listed on Nasdaq. |
| What is the stock symbol of Charles River Associates? | Charles River Associates trades under CRAI ticker. |
| When did Charles River Associates go public? | Charles River Associates went public in 1998. |
| Who are competitors of Charles River Associates? | Charles River Associates main competitors are MLP, SMS, MBB, GlobalData. |
| What is the current market cap of Charles River Associates? | Charles River Associates' current market cap is $1B. |
| What is the current revenue of Charles River Associates? | Charles River Associates' last 12 months revenue is $764M. |
| What is the current revenue growth of Charles River Associates? | Charles River Associates revenue growth (NTM/LTM) is 6%. |
| What is the current EV/Revenue multiple of Charles River Associates? | Current revenue multiple of Charles River Associates is 1.5x. |
| Is Charles River Associates profitable? | Yes, Charles River Associates is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Charles River Associates? | Charles River Associates' last 12 months EBITDA is $97M. |
| What is Charles River Associates' EBITDA margin? | Charles River Associates' last 12 months EBITDA margin is 13%. |
| What is the current EV/EBITDA multiple of Charles River Associates? | Current EBITDA multiple of Charles River Associates is 11.9x. |
| What is the current FCF of Charles River Associates? | Charles River Associates' last 12 months FCF is $31M. |
| What is Charles River Associates' FCF margin? | Charles River Associates' last 12 months FCF margin is 4%. |
| What is the current EV/FCF multiple of Charles River Associates? | Current FCF multiple of Charles River Associates is 36.7x. |
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