HIGHBuilt-in & outside partyCustomer
U.S. government
“10-K Item 1A: 'We expect to continue to derive the vast majority of our revenue from work performed under U.S. government contracts'”
BAH · Concentration risk · 10-K extracted
Booz Allen Hamilton Holding Cor (BAH) concentration risks
Updated
The most significant concentration Booz Allen Hamilton Holding Cor discloses is U.S. government, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Booz Allen Hamilton Holding Cor’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 3 disclosed concentrations
HIGH1
MEDIUM0
LOW2
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
LOWBuilt-inCustomer
17%
top IDIQ contract vehicle
“10-K Item 1: 'Our top IDIQ contract vehicle represented approximately 17% of our revenue in fiscal 2026'”
LOWOutside partyCustomer
10%
Department of Veterans Affairs
“10-K Item 1: 'the Department of Veterans Affairs was the single largest customer in fiscal 2026, from which we derived 10% of our revenue'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-06-24The company's revenue is substantially derived from U.S. government contracts, and the filing indicates the expectation that the vast majority of revenue will continue to come from that single customer class — a high-share customer concentration by disclosed size, with a mixed character that combines structural elements (government technology services being a defined market segment) with dependency risk (budget appropriations, continuing resolutions, and contract awards are not fully within the company's control). A broad reduction in discretionary government technology spending would have an outsized effect on the revenue base. Within the U.S. government client pool, the disclosed profile provides some granularity. The largest single IDIQ contract vehicle represented approximately 17% of revenue in fiscal 2026 — a low-share structural exposure reflecting how government consulting revenue is aggregated through procurement vehicles rather than single contracts. The Department of Veterans Affairs was the single largest individual agency customer, representing 10% of revenue in fiscal 2026 — also a low-share but named dependency that could be affected by changes in VA budget priorities or contract renewals. The combination of a high-share overall U.S. government dependency with specific named exposures at the low-share level describes a business whose revenue is both concentrated by payer type and relatively diversified across individual agencies and contract vehicles. The primary monitoring variable is federal discretionary spending and the company's ability to maintain its contract win rate across agency customers, particularly the Department of Veterans Affairs.
For the engine’s reasoning on BAH’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Consulting Services
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| BAH● | Booz Allen Hamilton Holding Cor | 1 | 0 | 2 | 3 |
| VRSK | Verisk Analytics, Inc. | 1 | 0 | 0 | 1 |
| HURN | Huron Consulting Group Inc. | 0 | 1 | 1 | 2 |
| EFX | Equifax, Inc. | 0 | 0 | 1 | 1 |
| FCN | FTI Consulting, Inc. | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.