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Huron Consulting Group Inc. (HURN) stock

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NASDAQ: HURN Nasdaq Research & Consulting Services Next results ~November 3, 2026

B Fundamentals grade

Huron Consulting Group Inc. is a US-listed company in the research & consulting services industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$180

Cash-flow model

Base case. Range ~$120–$250 across our lower- and higher-growth cases (7.7%–17.7% a year).

Price vs value

Modestly overvalued

The price is inside our value range, 12% above our base value.

Price used: $197.51, November 3, 2026

Huron Consulting Group Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders0 buying, 9 selling0 purchases and 52 sales by directors and officers, last 12 monthsInsider trades
  • Funds110 adding, 168 cuttingOf 46 active managers that changed their stake, 20 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Huron Consulting Group files

Where Huron Consulting stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $1.81bn, up 13.6% on a year earlier, faster than the 11.8% growth a quarter earlier. That growth ranks 1 of 10 among the research & consulting services companies we cover. Free-cash-flow margin fell to 8.9% from 11.9% a year earlier. The diluted share count is down 5.2% on a year earlier, which lifts each remaining share. Against its peers on growth, profitability, cash generation and balance sheet, it grades C+. It passes 2 of our 5 financial-health checks. Our cash-flow model value is $183 a share, against a share price of $200. At that price, our model says the market is pricing in about 13.9% a year of cash-flow growth for five years, close to the 14.3% a year revenue growth it has delivered.

Source: 10-Q filed July 28, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 3, 2026 (estimated)

Huron Consulting Group Inc.'s trailing-twelve-month revenue grew 13.6% year on year, with a free-cash-flow margin of 8.9%. Where it stands out: change in share count of -5.2% ranks 4 of 30 research & consulting services companies we cover. Where it lags: long-term debt as % of assets of 49.4% ranks 19 of 21 research & consulting services companies we cover.

Our discounted-cash-flow model values the business at ~$180 per share in the base case (~$120–$250 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Free cash flow diverging from earnings: TTM free cash flow fell 14.9% while net income grew 9.9%: a 25pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Shrinking share count. Diluted shares fell 5.2% in a year, so each share owns more of the business.
  • Beating expectations. Earnings per share beat the analysts' consensus estimate in each of the last four quarters.

Things to watch

  • Volatile shares. Over the past year the shares showed annualised volatility of 60% and a beta of -0.7 against the S&P 500.
  • Below peers: long-term debt as % of assets. Long-term debt as % of assets of 49.4% ranks 19 of 21 research & consulting services companies we cover (median 22.7%).
  • Short interest rising. Shares sold short rose 29% in a month to 5.3% of tradable shares.

Latest results: FY2026 Q2

Filed July 28, 2026
Earnings per share
$2.46 against an average estimate of $2.17: beat by 13.2%
Revenue
$475m, up 15.4% on a year earlier
Share reaction
+46.2% in the first session after the results on July 28, 2026, against -1.3% for the S&P 500
Guidance given
revenues before reimbursable expenses (RBR) $1.85bn to $1.89bn (full year 2026); adjusted EBITDA as a percentage of RBR 14.5% to 15% (full year 2026)
Next report
November 3, 2026; average EPS estimate $2.47

Huron Consulting Group's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+1.3%
  • 1 week+0.9%
  • 1 month+21.8%
  • This year+12.8%
  • 1 year+19.2%
  • 5 years+269.9%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$1.8B
Operating margin
10.3%
Net margin
6.4%
EPS (TTM, diluted)
$6.65

Growth

Revenue growth
+13.6%
Change in growth rate
+1.8 pts
Share count change
−5.2%

Cash

Free cash flow (TTM)
$161M
FCF margin
8.9%
Stock pay % of revenue
2.5%

Earnings

Last results
July 28, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Insider trade
  2. Results
  3. Guidance
  4. Leadership

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Huron Consulting Group Inc. valuation models and calculator

What the price is pricing in

The share price implies about 13.8% a year of cash-flow growth for five years.That is close to the 14.3% a year revenue growth Huron Consulting Group has delivered.

  • Priced in13.8%
  • Last 12 months13.6%
  • 3 years a year11.8%
  • 5 years a year14.3%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($197.51, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Hold12-month view
12-month price target
~$180
Price used
$197.51close November 3, 2026
Implied change
▼ 11%
Uncertainty
Medium

How we got here: a discounted-cash-flow model of Huron Consulting Group Inc.'s free cash flow after stock-based pay with after-tax interest added back ($125M, FY2026 Q2 TTM), growing 11.1% and 11.6% in the next two years (forecasts, guidance and its record), then back to 12.7% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$120–~$250 ; that spread sets a 25% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Huron Consulting Group Inc.'s free cash flow after stock-based pay ( $125M, FY2026 Q2 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Huron Consulting Group Inc. as an operating company, with every model that fits that kind of business. Cost of equity 8.4%: the 10-year Treasury yield (4.9%) plus a beta of 0.78 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$180 ~$120–$250 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$120 ~$140–$220 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$82 ~$55–$130 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$66 ~$56–$81 Included
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$120 ~$66–$180 4 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Huron Consulting Group Inc. with Research & Consulting Services in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −29%
  • Revenue growth 5 points higher ▲ +37%
  • Free-cash-flow margin 1 point lower ▼ −13%
  • Last year's free-cash-flow margin change, if it persists ▼ −28%
  • Discount rate 1 point higher ▼ −18%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $61$101$153$221$311$427
8.5% $35$64$101$151$215$297
10% $20$42$71$108$157$219

Valuation multiples over time Market data may be delayed

At fiscal year end 20152016201720182019202020212022202320242025Now
Share price$59.40$50.65$40.45$51.31$68.72$58.95$49.90$72.60$102.80$124.26$172.91$195.00
Market value$1.3bn$1.1bn$867m$1.1bn$1.5bn$1.3bn$1.1bn$1.5bn$2.0bn$2.3bn$3.1bn$3.4bn
+ Net debt (− = net cash)$249m$275m$326m$264m$197m$136m$212m$278m$312m$336m$486m$803m
Enterprise value$1.6bn$1.4bn$1.2bn$1.4bn$1.7bn$1.4bn$1.3bn$1.8bn$2.3bn$2.6bn$3.6bn$4.2bn
Multiples
Price / sales 1.7x1.4x1.1x1.3x1.6x1.5x1.2x1.3x1.4x1.5x1.8x1.9x
Price / earnings 22.7x28.8x—82.9x37.1x—17.3x19.9x32.3x19.8x29.6x29.3x
Price / free cash flow 9.0x9.4x11.5x12.2x13.0x10.0x152.9x20.7x16.0x12.0x17.0x21.0x
EV / EBITDA 9.9x11.2x—15.3x17.8xn/m16.5x14.0x15.5x13.6x17.0x18.7x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

42 /100

Weak moat

How hard Huron Consulting Group's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 12 / 20

    Cash operating profit has been a median 9.6% of total assets over 10 years.

  • Pricing power 11 / 20

    Gross margin has been a median 33.5%, moving by 2.7 percentage points (standard deviation) across 10 years.

  • Durability 1 / 20

    Operating margin has been a median 6.6%; its worst year was -19.2%.

  • Cash conversion 14 / 20

    Free cash flow was positive in 10 of 10 years, at a median 8.6% of revenue.

  • Discipline 19 / 20

    The diluted share count fell 21.3% over five years; stock-based pay has been a median 2.5% of revenue.

AI disruption exposure: High. In this industry, the core product is information work that AI systems increasingly perform. The score above includes a 15-point deduction for that exposure (57 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 3, 2026, after the close. Analysts expect revenue of $481m and EPS of $2.47 (range $2.40 to $2.52) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $9.20 +18% $1.9bn +13%
Next $10.59 +15% $2.0bn +9%

Next year's EPS estimate has moved +3.6% in 90 days, across 5 analysts.

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $2.17 $2.46 +13.2%
Mar 2026 $1.60 $1.73 +8.0%
Dec 2025 $1.95 $2.17 +11.3%
Sept 2025 $1.87 $2.10 +12.3%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, July 28, 2026
  • Revenues before reimbursable expenses (RBR) full year 2026 $1.85bn to $1.89bn Raised
    “Based on currently available information, the company increased guidance for full year 2026 revenues before reimbursable expenses (RBR) to a range of $1.85 billion to $1.89 billion.” source
  • Adjusted diluted earnings per share full year 2026 $9.00 to $9.40 Non-GAAP Raised
    “The company also anticipates adjusted EBITDA as a percentage of RBR (9) in a range of 14.5% to 15.0%, and adjusted diluted earnings per share (9) guidance in a range of $9.00 to $9.40.” source
  • Adjusted EBITDA as a percentage of RBR full year 2026 14.5% to 15% Non-GAAP Raised
    “The company also anticipates adjusted EBITDA as a percentage of RBR (9) in a range of 14.5% to 15.0%, and adjusted diluted earnings per share (9) guidance in a range of $9.00 to $9.40.” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

How our valuation uses these forecasts

Our cash-flow model grows Huron Consulting Group Inc.'s revenue by +11.1% next year and +11.6% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+10.5%, weight 51%) , management guidance (+10.4%, weight 21%) and the company's own record (+12.7%, weight 28%) . How the weights are set.

Analyst recommendations

5 analysts, Oct 2026
Buy5100%
Hold00%
Sell00%

Monthly trend

  1. Oct 2026145
  2. Sep 2026145
  3. Aug 2026145

Counts of recommendations published by analysts covering Huron Consulting Group Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
5.3%
of tradable shares
Days to cover
3.62
at average volume
Short interest, 1 month
+29%
to September 30, 2026
Held by institutions
—
of shares
Held by insiders
2.6%
of shares
Employees
9,248
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +18.6%

$164.44 on October 31, 2025 to $195.00

ThenNowEffect
Revenue (last 12 months) $1.6bn $1.8bn +13.6%
Net margin 6.6% 6.4% −3.2%
P/E multiple 28.7x 29.3x +2.3%
Share count 18m 17m +5.5%

Biggest factor: revenue.

Last 3 years +92.3%

$101.40 on November 3, 2023 to $195.00

ThenNowEffect
Revenue (last 12 months) $1.3bn $1.8bn +39.8%
Net margin 5.6% 6.4% +13.3%
P/E multiple 27.8x 29.3x +5.4%
Share count 20m 17m +15.1%

Biggest factor: revenue.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
HURN−15%+46%+42%+21%+39%+13%
Industry peers (median)+38%−22%+10%−4%−15%−3%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
HURN33%58%67%58%67%46%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
HURN−27%−14%−17%−21%−21%−51%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 54% from July 26, 2016 to August 30, 2017. Getting back needed a 116% gain, reached on October 30, 2019, 791 days after the low.

Price behaviour

52-week range
$90.16 – $198.48
From 52-week high
−1.8%
vs 50-day average
+17.0%
vs 200-day average
+41.0%
Volatility (1 year)
60%
Beta vs S&P 500
-0.70

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
6 up, 6 down
typical move ±11.0%
After a week
7 up, 5 down
typical move ±12.1%
After a month
7 up, 5 down
typical move ±11.6%
Results releasedNext dayS&P 500 next day5 days21 days
July 28, 2026 +46.2% −1.3% +31.1% +34.4%
May 5, 2026 −9.1% +2.2% −16.6% −18.9%
February 24, 2026 +4.8% +1.6% +16.8% −5.3%
October 28, 2025 +10.4% +0.3% +7.3% +7.4%
July 31, 2025 −7.5% −2.0% −0.2% +3.8%
April 29, 2025 −0.3% +0.7% +10.4% +4.7%
February 25, 2025 +18.3% −0.4% +17.8% +13.7%
October 29, 2024 +11.5% −0.1% +15.5% +18.8%
July 30, 2024 −3.1% +1.1% −9.5% −6.0%
April 30, 2024 −7.1% −1.9% −6.4% −8.3%
February 27, 2024 −12.3% +0.1% −9.1% −10.0%
November 2, 2023 +1.0% +2.8% +4.1% +7.4%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How Huron Consulting Group Inc.’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 3, 2026. Check the live chain at your broker before trading.

Cash-secured put

Not offered: fundamentals grade B (needs B+ or better).

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

Covered call

Not offered: no liquid call at or above our price target — the model says the upside is worth more than any listed strike.

For holders: sell a call at a strike at or above our fair value, so the shares are only sold at a price the model calls full value.

Collar

Not offered: no liquid put and call pair for the same expiry.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

Huron Consulting Group Inc. in five measures

Fundamentals grade B
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Huron Consulting Group Inc.
$1.2B $1.4B $1.6B $1.8B $2B FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $1.4B Revenue (TTM), FY23 Q4: $1.4B Revenue (TTM), FY24 Q1: $1.4B Revenue (TTM), FY24 Q2: $1.5B Revenue (TTM), FY24 Q3: $1.5B Revenue (TTM), FY24 Q4: $1.5B Revenue (TTM), FY25 Q1: $1.6B Revenue (TTM), FY25 Q2: $1.6B Revenue (TTM), FY25 Q3: $1.7B Revenue (TTM), FY25 Q4: $1.7B Revenue (TTM), FY26 Q1: $1.7B Revenue (TTM), FY26 Q2: $1.8B $1.8B

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $1.4B
FY23 Q4 $1.4B
FY24 Q1 $1.4B
FY24 Q2 $1.5B
FY24 Q3 $1.5B
FY24 Q4 $1.5B
FY25 Q1 $1.6B
FY25 Q2 $1.6B
FY25 Q3 $1.7B
FY25 Q4 $1.7B
FY26 Q1 $1.7B
FY26 Q2 $1.8B
Revenue growth, TTM YoY Huron Consulting Group Inc.
0% 10% 20% 30% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: 24.7% Revenue growth, TTM YoY, FY23 Q4: 20.7% Revenue growth, TTM YoY, FY24 Q1: 17.6% Revenue growth, TTM YoY, FY24 Q2: 12.9% Revenue growth, TTM YoY, FY24 Q3: 7.5% Revenue growth, TTM YoY, FY24 Q4: 8.8% Revenue growth, TTM YoY, FY25 Q1: 8.8% Revenue growth, TTM YoY, FY25 Q2: 9.0% Revenue growth, TTM YoY, FY25 Q3: 12.5% Revenue growth, TTM YoY, FY25 Q4: 11.7% Revenue growth, TTM YoY, FY26 Q1: 11.8% Revenue growth, TTM YoY, FY26 Q2: 13.6% 13.6%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 24.7%
FY23 Q4 20.7%
FY24 Q1 17.6%
FY24 Q2 12.9%
FY24 Q3 7.5%
FY24 Q4 8.8%
FY25 Q1 8.8%
FY25 Q2 9.0%
FY25 Q3 12.5%
FY25 Q4 11.7%
FY26 Q1 11.8%
FY26 Q2 13.6%
Operating margin (TTM) Huron Consulting Group Inc.
8% 9% 10% 11% 12% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: 8.8% Operating margin (TTM), FY23 Q4: 9.0% Operating margin (TTM), FY24 Q1: 8.8% Operating margin (TTM), FY24 Q2: 10.0% Operating margin (TTM), FY24 Q3: 10.3% Operating margin (TTM), FY24 Q4: 11.1% Operating margin (TTM), FY25 Q1: 11.6% Operating margin (TTM), FY25 Q2: 10.5% Operating margin (TTM), FY25 Q3: 10.6% Operating margin (TTM), FY25 Q4: 10.5% Operating margin (TTM), FY26 Q1: 10.4% Operating margin (TTM), FY26 Q2: 10.3% 10.3%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 8.8%
FY23 Q4 9.0%
FY24 Q1 8.8%
FY24 Q2 10.0%
FY24 Q3 10.3%
FY24 Q4 11.1%
FY25 Q1 11.6%
FY25 Q2 10.5%
FY25 Q3 10.6%
FY25 Q4 10.5%
FY26 Q1 10.4%
FY26 Q2 10.3%
FCF margin (TTM) Huron Consulting Group Inc.
6% 8% 10% 12% 14% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: 10.1% FCF margin (TTM), FY23 Q4: 9.0% FCF margin (TTM), FY24 Q1: 6.1% FCF margin (TTM), FY24 Q2: 8.0% FCF margin (TTM), FY24 Q3: 8.9% FCF margin (TTM), FY24 Q4: 12.7% FCF margin (TTM), FY25 Q1: 13.8% FCF margin (TTM), FY25 Q2: 11.9% FCF margin (TTM), FY25 Q3: 11.8% FCF margin (TTM), FY25 Q4: 10.8% FCF margin (TTM), FY26 Q1: 7.1% FCF margin (TTM), FY26 Q2: 8.9% 8.9%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 10.1%
FY23 Q4 9.0%
FY24 Q1 6.1%
FY24 Q2 8.0%
FY24 Q3 8.9%
FY24 Q4 12.7%
FY25 Q1 13.8%
FY25 Q2 11.9%
FY25 Q3 11.8%
FY25 Q4 10.8%
FY26 Q1 7.1%
FY26 Q2 8.9%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar Huron Consulting Group took in during FY2025, followed through to profit: what it cost to make, what went on running the business, and what was left after tax.

  1. Revenue $1.7B
  2. Selling, general and admin $318M · 18.7%
  3. Other operating costs $1.2B · 70.8%
  4. Operating income $179M · 10.5%
  5. Income tax $30M · 1.8%
  6. Interest and other $43.5M · 2.6%
  7. Net income $105M · 6.2%

Shares of revenue. Source: Huron Consulting Group's 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2009 Dec 2009 2010 Dec 2010 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 569 559 658 682 603 702 769 798 808 878 965 871 927 1,159 1,399 1,522 1,699 1,810
Gross profit 205 195 225 237 212 239 280 274 267 269 296 246 265 — — — — —
EBITDA 71 58 80 99 114 119 162 121 −157 91 98 1 79 127 150 194 211 225
Operating income 43 35 55 73 90 88 103 74 −207 52 64 −29 53 100 125 169 179 187
Net income −33 9 21 36 66 79 59 38 −170 14 42 −24 63 76 62 117 105 116
Diluted EPS −$1.60 $0.41 $0.95 $1.63 $2.92 $3.45 $2.61 $1.76 −$7.93 $0.62 $1.85 −$1.09 $2.89 $3.64 $3.19 $6.27 $5.84 $6.65
Growth (year on year)
Revenue +7.6% −1.7% +17.7% +3.6% −11.6% +16.4% +9.6% +3.8% +1.2% +8.7% +10.0% −9.8% +6.4% +25.0% +20.7% +8.8% +11.7% +13.6%
EBITDA +0.1% −19.0% +39.3% +23.1% +15.0% +5.1% +35.4% −25.1% −230.0% — +7.3% −98.6% — +61.3% +18.2% +29.2% +8.7% +15.0%
Operating income +4.0% −18.7% +59.8% +32.5% +22.4% −1.7% +17.2% −28.3% −379.5% — +22.3% −145.3% — +88.8% +25.6% +34.7% +5.8% +11.4%
Net income — — — +77.5% +82.4% +19.0% −25.3% −36.3% −552.2% — — −157.1% — +19.9% −17.3% +86.7% −9.9% +9.9%
Diluted EPS — — — +71.6% +79.1% +18.2% −24.3% −32.6% −550.6% — — −158.9% — +26.0% −12.4% +96.6% −6.9% +15.9%
Margins
Gross margin 36.1% 34.8% 34.2% 34.8% 35.2% 34.0% 36.5% 34.3% 33.0% 30.7% 30.6% 28.3% 28.6% — — — — —
EBITDA margin 12.5% 10.3% 12.2% 14.5% 18.8% 17.0% 21.0% 15.2% −19.5% 10.4% 10.2% 0.2% 8.5% 11.0% 10.7% 12.8% 12.4% 12.4%
Operating margin 7.5% 6.2% 8.4% 10.8% 14.9% 12.6% 13.5% 9.3% −25.7% 5.9% 6.6% −3.3% 5.7% 8.6% 9.0% 11.1% 10.5% 10.3%
Net margin −5.8% 1.5% 3.1% 5.3% 11.0% 11.3% 7.7% 4.7% −21.1% 1.6% 4.3% −2.7% 6.8% 6.5% 4.5% 7.7% 6.2% 6.4%
Free-cash-flow margin 17.8% 7.4% 14.4% 12.4% 15.8% 17.2% 19.4% 14.4% 9.3% 10.6% 12.3% 14.8% 0.8% 6.3% 9.0% 12.7% 10.8% 8.9%
Cash flow
Cash from operations 114 50 109 102 115 146 168 129 100 102 132 137 18 85 135 201 193 178
Capital spending 13 9 15 18 20 26 19 14 24 9 13 8 11 13 9 9 10 17
Free cash flow 101 42 95 85 95 121 149 115 75 93 119 129 7 73 126 193 183 161
Stock-based pay 20 21 19 16 18 20 21 17 15 19 24 24 26 31 46 45 47 45
Free cash flow after stock pay 81 21 75 69 77 100 128 99 61 74 95 105 −19 42 80 148 136 116
Balance sheet
Cash 6 6 5 25 58 257 58 17 17 33 12 67 21 12 12 22 25 31
Total debt 219 257 194 193 169 357 307 292 343 297 209 203 233 290 324 358 511 834
Net debt (negative = net cash) 213 251 188 167 111 100 249 275 326 264 197 136 212 278 312 336 486 803
Diluted shares 21m 21m 22m 22m 23m 23m 23m 21m 21m 22m 23m 22m 22m 21m 20m 19m 18m 17m
Returned to shareholders
Buybacks — — — — — — — — — 0 13 27 65 120 123 123 167 239
Total returned — — — — — — — — — 0 13 27 65 120 123 123 167 239

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

2 of 5 checks passed · June 30, 2026
What it owns · $1.6bn
Short-term assets $530mLonger-term assets $1.1bn
What it owes, and who funded it · $695m
Short-term liabilities $310mShareholders' equity $385m
  • Short-term assets cover short-term liabilities $530m of assets due within a year against $310m of liabilities due within a year.
  • Short-term assets cover long-term liabilities Not assessable from the reported split. Not assessable.
  • More cash than debt $31m of cash against $833m of debt.
  • Debt below 40% of shareholders' equity Debt is 216% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 41% to 216% over five years.
  • A year's operating cash flow covers at least 20% of debt $178m of operating cash flow against $833m of debt.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Huron Consulting Group Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q2 TTM
Buybacks (TTM)
$239M
Returned to shareholders
148%
of free cash flow
Buybacks, last 3 fiscal years
$412M
Diluted share count
−5.2%
year over year
Total shareholder yield
7.5%
dividends 0.0% + buybacks 7.5% of market value
Sales & admin spending
18.5%
of revenue
Days sales outstanding
41 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in research & consulting services
Last 12 months unless stated HURN ICFI CLVT VRSK ULS FCN Median
Revenue, last 12 months $1.8bn $1.8bn $2.4bn $3.1bn $3.1bn $4.0bn $632m
Revenue growth, last 12 months 13.6% −7.9% −3.5% 5.0% 6.6% 7.8% 4.8%
Revenue growth, 3-year average 11.8% −1.9% −2.6% 6.9% — 6.0% 6.8%
Revenue growth, latest quarter 15.4% −0.3% −5.5% 4.4% 5.2% 5.9% 4.4%
Gross margin 28.6% 37.2% 66.8% 70.2% 50.3% 32.2% 43.9%
Operating margin 10.3% 7.8% −3.5% 43.9% 17.9% 8.8% 6.1%
Operating margin, 3-year average 10.3% 7.9% −13.9% 43.2% 16.3% 9.8% 6.0%
Net margin 6.4% 4.9% −13.8% 28.2% 16.1% 5.9% 3.1%
Cash from operations / revenue 9.9% 12.1% 23.8% 47.9% 21.6% 9.9% 9.6%
Free-cash-flow margin 8.9% 10.9% 13.6% 39.4% 13.9% 8.9% 7.4%
Free-cash-flow margin, 3-year average 9.6% 8.4% 14.3% 34.9% 12.1% 7.2% 8.6%
Stock pay / revenue 2.5% 1.2% 2.6% 1.8% 2.0% 1.1% 2.5%
Change in share count −5.2% −2.1% −6.8% −3.6% 0.6% −14.5% 0.5%

Median of all 33 companies we cover in research & consulting services. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

33 research & consulting services companies
Measure Company Peer median Rank
Revenue growth Growth 13.6% 4.8% 6 of 33
Change in growth rate Growth +1.8pp +0.6pp 8 of 33
Operating margin Profitability 10.3% 6.1% 8 of 31
Net margin Profitability 6.4% 3.1% 11 of 33
Free-cash-flow margin Cash generation 8.9% 7.4% 13 of 33
Stock pay as % of revenue Cash generation 2.5% 2.6% 15 of 30
Long-term debt as % of assets Balance sheet 49.4% 22.7% 19 of 21
Change in share count Balance sheet -5.2% 0.6% 4 of 30
Days sales outstanding Balance sheet 41 days 63 days 5 of 29

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Segments
Line of business Revenue Share YoY
Healthcare $858M 50.5% ▲ 10.4%
Education $510M 30.0% ▲ 5.4%
Commercial $331M 19.5% ▲ 27.0%

From Huron Consulting Group Inc.'s 10-K filed February 24, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$1.4B
Institutions reporting
239
Shares held vs prior quarter
▼ 8.2%
Positions opened / closed
27 / 72

Top buyers and sellers, Q2 2026: 110 institutions bought and 168 sold ; the biggest buyer was Fiduciary Management Inc (+390K shares) and the biggest seller Alliancebernstein L.P (−403K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $125M 1.4M 8.8% ▲ 5.7%
Fiduciary Management Inc $117M 1.3M 8.2% ▲ 43.2%
Boston Partners $73.2M 803K 5.1% ▲ 0.3%
UBS Am, A Distinct Business Unit Of UBS Asset Management Americas LLC $65.7M 729K 4.6% ▼ 3.1%
Vanguard Portfolio Management LLC $63.9M 709K 4.5% ▼ 5.7%
Vanguard Capital Management LLC $62.5M 693K 4.4% ▼ 6.1%
Dimensional Fund Advisors LP $61.2M 679K 4.3% ▲ 5.8%
Franklin Resources Inc $57.2M 634K 4.0% ▼ 1.4%
Principal Financial Group Inc $55.3M 614K 3.9% ▲ 30.9%
Bloombergsen Inc. $45M 499K 3.2% ▲ 14.4%
FMR LLC $44.2M 490K 3.1% ▼ 18.0%
Jennison Associates LLC $40.6M 451K 2.8% ▼ 32.5%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Huron Consulting Group Inc.'s complete shareholder register. Values are as reported by the filers ; 1 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $8M 52 trades by 9 insiders · 77% under pre-set plans
Net ▼ $8M net selling
Insider Date Trade Shares Price Value
Zumwalt Debra Director October 2, 2026 Sell pre-set plan 82 $167.75 $13,756
Zumwalt Debra Director August 14, 2026 Sell pre-set plan 82 $156.56 $12,838
Sawyer Hugh E Iii Director August 11, 2026 Sell 2,000 $154.25 $308,500
Featherstone Kyle Chief Acct Officer, Controller July 31, 2026 Sell 459 $152.67 $70,076
Hussey C. Mark CEO and President July 29, 2026 Sell pre-set plan 189 $172.51 $32,604
Hussey C. Mark CEO and President July 29, 2026 Sell pre-set plan 867 $171.17 $148,404
Hussey C. Mark CEO and President July 29, 2026 Sell pre-set plan 5,613 $170.15 $955,052
Hussey C. Mark CEO and President July 29, 2026 Sell pre-set plan 3,060 $169.35 $518,211
Hussey C. Mark CEO and President July 29, 2026 Sell pre-set plan 497 $168.24 $83,615
Hussey C. Mark CEO and President July 29, 2026 Sell pre-set plan 884 $166.32 $147,027
Hussey C. Mark CEO and President July 29, 2026 Sell pre-set plan 800 $165.22 $132,176
Hussey C. Mark CEO and President July 29, 2026 Sell pre-set plan 1,373 $164.49 $225,845

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around October 27, 2026 estimated from the company's past filing pattern, not announced

  • July 28, 2026
  • May 5, 2026
  • February 24, 2026
  • October 28, 2025
  • July 31, 2025
  • April 29, 2025

Recent SEC filings

Data status

When each part of this page on Huron Consulting Group Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Huron Consulting Group Inc. in brief

What does Huron Consulting Group Inc. do?
Huron Consulting Group Inc. is a US-listed company in the research & consulting services industry. Its financial year ends in December.
What is Huron Consulting Group Inc.'s stock ticker?
Huron Consulting Group Inc. trades under the ticker HURN on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Huron Consulting Group Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Huron Consulting Group Inc. reported revenue of $1.8B, 13.6% higher than a year earlier, according to its SEC filings.
What is Huron Consulting Group Inc.'s free cash flow?
Huron Consulting Group Inc.'s free-cash-flow margin is 8.9% of revenue over the trailing twelve months, ranking 13 of the 33 research & consulting services companies we cover.
What is Huron Consulting Group Inc.'s fair value (intrinsic value) per share?
Our discounted-cash-flow model of Huron Consulting Group Inc.'s free cash flow after stock-based pay gives ~$180 per share in the base case, and ~$120–$250 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Huron Consulting Group Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Fiduciary Management Inc and Boston Partners. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Huron Consulting Group Inc. buying back stock, and does it pay a dividend?
Huron Consulting Group Inc. spent $239M on share repurchases over the trailing twelve months, and its diluted share count fell 5.2% over the year.
What is Huron Consulting Group Inc.'s market cap?
On November 2, 2026, Huron Consulting Group Inc.'s market capitalisation was about $3.4B, with a price-to-earnings ratio of 29.3 and net debt of $803M. Market figures come from third-party market data and may be delayed.
How much debt does Huron Consulting Group Inc. have?
Huron Consulting Group Inc.'s debt-to-equity ratio is 216.4%, from its latest balance sheet (40.6% five years earlier). The financial health section below sets out its other solvency checks.
Who are Huron Consulting Group Inc.'s competitors?
In our Research & Consulting Services peer group, the companies closest to Huron Consulting Group Inc. are ICF International, Inc., Clarivate PLC, Verisk Analytics, Inc., UL Solutions Inc. and FTI Consulting, Inc. The side-by-side comparison below sets their revenue, margins and growth against Huron Consulting Group Inc.'s.
Are insiders buying or selling Huron Consulting Group Inc. stock?
Over the last 12 months, Huron Consulting Group Inc.'s directors and officers reported 0 open-market purchases and 52 sales on Form 4. The insider trading page charts every trade.
When is Huron Consulting Group Inc.'s next earnings date?
Around November 3, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Huron Consulting Group Inc. announces its own schedule.