One of the companies working on the front lines of this cyberwarfare is Booz Allen Hamilton (BAH). Booz Allen is a management and information technology (IT) consulting firm.

Over 95% of Booz Allen’s revenue comes from the US government and 66% of its staff holds some type of security clearance. The firm won over $4 billion in US Federal obligations in 2020 alone. The company provides IT cybersecurity services to many different branches of the federal government, including the Department of Defense.

Booz Allen Hamilton plays a vital role in trying to keep the country’s secrets safe from enemies abroad. With such an important role, one might assume the government pays top dollar to ensure success. However, Booz Allen has had a stagnant, average-at-best as-reported ROA in recent years. Between 2018 and 2020, it ranged between 9% and 10%, slightly below corporate averages.