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HURN

Huron Consulting Group Inc.

HURN

Huron Consulting Group Inc. • NASDAQ
$164.61 ▼ -0.24% (-0.40)
Market Cap $2.84 B
52w High $174.26
52w Low $118.25
Dividend Yield 0%
P/E 27.53
Volume 38.67K
Outstanding Shares 17.24M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $441.284M ▲ $78.942M ▼ $30.42M ▲ 6.894% ▲ $1.75 ▲ $62.396M ▲
Q2-2025 $402.505M ▲ $87.823M ▲ $19.43M ▼ 4.827% ▼ $1.12 ▼ $53.26M ▲
Q1-2025 $395.69M ▲ $84.915M ▲ $24.536M ▼ 6.201% ▼ $1.38 ▼ $41.019M ▼
Q4-2024 $388.421M ▲ $81.051M ▲ $33.989M ▲ 8.751% ▲ $1.92 ▲ $53.419M ▲
Q3-2024 $370.049M $79.755M $27.149M 7.337% $1.53 $51.903M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $23.889M ▼ $1.544B ▲ $1.044B ▲ $499.778M ▲
Q2-2025 $61.011M ▲ $1.481B ▲ $1.006B ▲ $474.995M ▼
Q1-2025 $23.378M ▲ $1.364B ▲ $869.282M ▲ $494.284M ▼
Q4-2024 $21.911M ▲ $1.344B ▲ $782.29M ▼ $561.327M ▲
Q3-2024 $18.497M $1.329B $806.008M $522.772M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $30.42M ▲ $93.767M ▲ $-63.102M ▼ $-67.557M ▼ $-37.122M ▼ $89.8M ▲
Q2-2025 $19.43M ▼ $80.047M ▲ $-54.793M ▼ $12.242M ▼ $37.633M ▲ $78.005M ▲
Q1-2025 $24.536M ▼ $-106.827M ▼ $-15.287M ▲ $123.562M ▲ $1.467M ▼ $-108.677M ▼
Q4-2024 $33.989M ▲ $139.615M ▲ $-31.701M ▼ $-104.32M ▼ $3.414M ▲ $132.401M ▲
Q3-2024 $27.149M $85.207M $-8.371M $-76.041M $851K $77.641M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Commercial
Commercial
 $70.00M ▲$80.00M ▲$80.00M ▲$90.00M ▲
Education
Education
 $130.00M ▲$130.00M ▲$130.00M ▲$130.00M ▲
Healthcare
Healthcare
 $0 ▲$200.00M ▲$200.00M ▲$220.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Huron’s income statement shows a steady build in scale and profitability over the past five years. Revenue has grown each year, and margins have generally improved as the business has gotten larger and more efficient. The company moved from a small loss earlier in the period to solid profitability, with operating and net income both trending upward. There was some lumpiness in earnings along the way, but the most recent year stands out as particularly strong, suggesting better pricing, utilization, or mix of higher‑margin work. Overall, this looks like a consulting firm that has transitioned from recovery to more mature, profitable growth, though consulting demand can still be cyclical and project‑driven.

Balance Sheet

Balance Sheet The balance sheet reflects a growing but increasingly leveraged consulting platform. Total assets have climbed gradually, supported by business expansion and acquisitions. Equity has been broadly stable to slightly higher, which indicates the company is retaining value over time rather than eroding it. Debt has risen over the period, while cash balances remain relatively low, meaning the firm is leaning more on borrowing and less on cash reserves to finance growth. That structure can amplify returns in good times but leaves less of a cushion if growth slows or project pipelines weaken.

Cash Flow

Cash Flow Cash generation has improved meaningfully. Operating cash flow has grown from modest levels to a much more comfortable range, and free cash flow has been consistently positive in most years, even after investment spending. Capital spending requirements appear relatively light, which is typical for a people‑intensive consulting business. This combination—better operating cash flow, positive free cash flow, and modest investment needs—gives Huron flexibility to fund acquisitions, service debt, and return capital, although the low cash balance means it still needs to manage working capital and new commitments carefully.

Competitive Edge

Competitive Edge Huron occupies a strong niche position in the consulting world by focusing on complex, highly regulated sectors such as healthcare, higher education, and selected areas of financial services and industry. Its edge comes from deep domain expertise, long‑standing client relationships, and the ability to combine strategy, operations, and technology in one offering. The firm has reinforced this niche through targeted acquisitions that extend its capabilities in revenue cycle management, supply chain, complexity management, and risk and compliance. Clients tend to be sticky because once Huron’s tools and processes are embedded, switching costs rise. The main competitive risks are intense competition from larger global consultancies, pressure on consulting budgets when economic conditions soften, and the execution risk inherent in integrating multiple acquisitions into a single “One Huron” platform.

Innovation and R&D

Innovation and R&D Innovation at Huron is centered on proprietary software, data platforms, and industry‑specific methodologies rather than classic lab R&D. Tools like the Huron Research Suite and Huron Intelligence™ give it recurring, technology‑enabled relationships in education and healthcare, while proprietary “accelerators” help speed and standardize implementations in financial planning and other functions. Recent deals have also brought in specialized frameworks for managing organizational complexity and regulatory risk. The company is pushing toward a more integrated digital platform and increasing the use of AI and automation in its solutions. The opportunity is to deepen recurring, tech‑enabled revenue streams; the risk is that technology moves quickly, so Huron must keep investing to keep these tools distinctive versus both software vendors and rival consultancies.

Summary

Huron shows a clear story of growth and margin improvement, moving from loss‑making earlier in the period to solid profitability and stronger cash flow today. The balance sheet supports this growth but with rising leverage and relatively thin cash, which calls for disciplined capital allocation and careful integration of acquisitions. Strategically, Huron’s focus on complex, regulated sectors and its blend of consulting with proprietary software and data platforms give it a defensible position and potential for higher‑quality, recurring work. Future performance will hinge on maintaining demand in its core healthcare and education markets, successfully expanding into commercial and financial services, keeping its digital and AI offerings competitive, and managing debt and acquisition integration without diluting the strengths of its specialized, high‑touch model.

NEWS

November 4, 2025 · 9:25 AM UTC

Huron Acquires the Payor Consulting Services Division of AXIOM Systems to Strengthen Digital-focused Payor Capabilities

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October 28, 2025 · 4:05 PM UTC

Huron Announces Record Third Quarter 2025 Financial Results and Raises 2025 Adjusted Diluted EPS Guidance

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October 14, 2025 · 9:05 AM UTC

Huron Announces Third Quarter 2025 Earnings Release and Webcast

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September 15, 2025 · 10:00 AM UTC

Huron Ranked Second in ‘Best Firm to Work For' Large Firm Category by Consulting Magazine

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September 3, 2025 · 9:25 AM UTC

Huron Acquires Strategy and Operations Consulting Firm Wilson Perumal & Company

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