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Exponent, Inc.
NASDAQ: EXPO Industrials Infra 🔎 Screen
🏹 Trader: 🎯 Near 52W High View all →
$3.4B
Market Cap
33.9
P/E
5.65
PEG
29.5%
ROCE
26.1%
ROE
0.33
D/E
20.6%
OPM
-14.6%
% from 52W High
62
α RS
🔍 EXPO is showing a high-conviction setup because it matches 10 of 39 tracked screener presets, Sector RRG has Industrials in the Improving quadrant with the trail still strengthening, and RS Rating is 62. Net: Broad signal stack, not a recommendation. ? Conviction RRG RS Rating
Sources
Conviction 10/39 · Industrials in Improving quadrant · RS Rating 62
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🌏 Global Investor Returns
Currency-adjusted total returns for EXPO including FX impact
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📈 Price History
Ratio Health
Excellent
Good
Average
Poor
By Category
📊 Sector Averages
About

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.

Key Ratios Snapshot
📈 Growth Pattern
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⭐ Superinvestors Holding EXPO
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Manager Shares Value % of Fund Period
Jim Simons Renaissance Technologies LLC 88.0K $5.7M 0.01% Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

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🎙 Management Tone Confident Specific → Stable 4 quarters Full tone analysis in Intelligence →
📊 MIXED Exponent Q1 2026: Net revenue up 10% to $151.8M, EPS $0.59, double-digit growth.
Revenue & Profitability
First quarter total revenues increased 14% to $166.3 million, net revenues increased 10% to $151.8 million, and net income increased 11% to $29.6 million. Earnings per diluted share increased 13% to $0.59. EBITDA increased 15% to $43.1 million, with a margin of 28.4% of net revenues. Billable hours were 399,000 (up 6%), and average technical FTEs were 1,013 (up 5%).
Outlook
Management sees strong demand driven by accelerating AI integration into physical systems, rising energy demands, and increasing expectations for safety and reliability. The company expects net revenue growth in the high single digits for both Q2 and full year 2026. Macro trends in innovation, infrastructure risk, and technological complexity are supporting demand for Exponent's specialized expertise.
Growth Drivers
Key growth levers include user research studies for consumer electronics clients integrating AI, risk management work for utilities evaluating asset performance under extreme weather, and reactive engagements in construction, energy facilities, and medical devices. The company is also seeing growth in data center work, robotics, and regulatory consulting in the chemicals industry.
Balance Sheet & CapEx
Capital expenditures for the first quarter were $2.5 million. For the full year 2026, capital expenditures are expected to be between $12 million and $14 million. The company also invested in corporate infrastructure, with other operating expenses up 6% in Q1.
Margins
For Q1 2026, EBITDA margin was 28.4% of net revenues, up from 27.3% a year ago. For Q2 2026, management expects EBITDA margin of 27% to 27.8% of net revenues. For the full year 2026, EBITDA margin is expected to be 27.6% to 28.1% of net revenues. The company expects a realized rate increase of 3% to 3.5% for Q2 and the full year.
Key Risks
Management noted a highly competitive talent market for top engineering and scientific graduates. The company's compensation expense includes stock-based compensation to attract and retain talent, which was $9.1 million in Q1. No other specific risks were explicitly flagged by management or analysts.
Generated by AI · Q1 2026 results · Not investment advice
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✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter
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📞 Earnings Call Transcripts (5)
Q2 2026 Q2 2026 2026-07-30
Q2 2026 saw double-digit revenue and earnings growth, driven by strong demand for AI-related user research and failure analysis across industries. Guidance for 2026 was raised, with continued investment in talent and shareholder returns through dividends and buybacks.
Q1 2026 Q1 2026 2026-04-30
Q1 2026 saw double-digit revenue and earnings growth, driven by strong demand in AI, energy, and regulatory sectors. Leadership transitions and expanded share repurchases signal confidence in long-term growth. Guidance calls for continued high single-digit revenue growth and robust margins.
Q4 2025 Q4 2025 2026-02-05
Q4 and FY2025 saw strong revenue and margin growth, led by demand in AI-driven consumer electronics, utilities, and energy sectors. FY2026 guidance calls for high single-digit revenue growth, stable to improving margins, and increased headcount, with AI adoption continuing to drive both opportunities and complexity.
Q3 2025 Q3 2025 2025-10-30
Q3 2025 saw 10% net revenue growth and 9% EBITDA growth, led by strong demand in dispute-related and risk management services. Guidance for 2025 remains positive, with continued investment in talent and technology, and robust segment performance across engineering and environmental health.
Q2 2025 Q2 2025 2025-07-31
Second quarter revenues were flat but exceeded expectations, with strong growth in dispute-related activities offsetting softness in chemical regulatory work. EBITDA margin declined due to lower utilization and higher operating expenses, but headcount growth and robust demand in key sectors support a positive outlook for the remainder of 2025.
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Financial Model
Projections are built from each company's audited annual financials (Income Statement, Balance Sheet, Cash Flow) over the last 5 fiscal years. Forward assumptions — revenue growth %, EBITDA margin, D&A (USD millions), interest expense, tax rate, and capex — are AI-generated using historical context and refreshed twice a year: after the December results season and after the September/Q4 results season.

DCF Valuation
Fair Value = Σ(FCFt / (1+WACC)t) + Terminal Value. Terminal Value uses the Gordon Growth Model: FCF5 × (1+g) / (WACC−g). Default WACC: 10% (US risk-free ~4.5%, equity risk premium ~5.5%). Default terminal growth: 3% (long-run US nominal GDP proxy).

CAGR Tracker
Expected 5-year CAGR = (DCF Fair Value / Current Price)1/5 − 1. Assumes fair value is reached in exactly 5 years — a mechanical estimate only.

Data Sources & Limitations
Financial statements sourced from public filings. Prices updated daily. Forward assumptions are AI-generated. All monetary values in USD millions. Non-US ADR companies may have currency conversion inaccuracies. Models are point-in-time and do not update intra-quarter or account for M&A, macro shocks, or extraordinary items.

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Investment Risk:
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Information Sources:
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