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Booz Allen HamiltonManagement consulting + technology services to US gov't (~98% federal). Strong intelligence community presence (NSA, CIA, DIA). AI/cyber consulting; Project Maven contributor.
| Fiscal Year | Total Headcount | Revenue (USD) | Revenue per Employee (USD) |
|---|---|---|---|
| FY 2020 | ~28,400 | ~$7.5B | ~$264K |
| FY 2021 | ~29,200 | ~$7.9B | ~$270K |
| FY 2022 | ~29,900 | ~$8.4B | ~$281K |
| FY 2023 | ~32,300 | ~$9.3B | ~$288K |
| FY 2024 | ~33,300 | ~$10.7B | ~$321K |
| FY 2025 plan | ~34,500 | ~$12.0B target | ~$348K (target) |
| Editorial. Why this matters | Strategic context | Booz Allen's growth thesis depends on continuing to shift from low-margin staff-augmentation toward higher-margin VOLT advisory + AI + cyber + cloud transformation work. Revenue-per-employee is the cleanest output metric: it captures both pricing power + the shift from billable-hours toward outcomes-based + fixed-price contracts. Marquee question: do advisory + AI become large enough to lift the firm-wide metric toward $350K+ by FY2027? |
2021-Q2-2026-Q1
2011-2026
$BAH
Management consulting + technology services to US gov't. $11.0B FY2024 revenue (~98% federal). Strong intelligence community presence (NSA, CIA, DIA). AI/cyber consulting; Project Maven contributor; AVENUR analytic platform.
Key Milestones
Edwin G. Booz founds Business Research and Development Co in Chicago; renamed Booz Surveys 1929. Combined with Allen and Hamilton 1942. Federal/military consulting since WWII.
Booz Allen splits into government (BAH) and commercial (Booz & Co) practices; Carlyle Group acquires government arm for $2.54B Jul 2008.
Booz Allen Hamilton IPOs on NYSE Nov 17 2010 at $17/share; Carlyle exits gradually through 2015. ~98% federal government revenue mix.
Edward Snowden NSA contractor leaks emerge from BAH employee posting; ongoing reputation/IT-controls aftermath but federal pipeline unaffected.
Wins Project Maven prime support to DoD AI initiative; algorithmic warfare cross-functional team support
Acquires Liberty IT Solutions for $725M; adds VA Cerner integration + federal civilian digital
AI/ML offerings expand around DoD CDAO partnerships; AVENUR analytic platform momentum across Combatant Commands
Backlog reaches record $36B; ~98% federal mix sustains amid continued DoD IT/intelligence community growth
Wins Joint Cyber Warfighting Architecture (JCWA) integration role; foundational US Cyber Command modernization
Wins $1.2B DoD CDAO Open DAGIR (Data, Analytics, AI Government Integrated Repository) prime; foundational AI-data platform across Pentagon agencies.
