NASDAQ : HURN
Huron Consulting Group Inc. — Financial statements
Industrials · Consulting Services · United States
Last price 194.43 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 2.90B
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Financial statements
Huron Consulting Group Inc. (HURN) reported revenue of 1.77B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 1.77B | 1.66B | 1.49B | 1.36B | 1.13B | 905.64M |
| Cost of Revenue | 1.19B | 1.12B | 1.01B | 942.70M | 785.88M | 636.78M |
| Gross Profit | 579.25M | 540.41M | 476.01M | 419.36M | 346.57M | 268.86M |
| Selling, General & Admin | 327.15M | 309.49M | 283.79M | 253.57M | 207.52M | 176.30M |
| Other Operating Expenses | 120.00K | 114.00K | 1.33M | 117.00K | -28.00K | 51.00K |
| Operating Expenses | 364.69M | 341.23M | 309.95M | 278.60M | 234.85M | 201.84M |
| Operating Income | 214.56M | 199.18M | 166.06M | 140.76M | 111.72M | 67.02M |
| Interest Expense | -40.10M | -34.20M | -25.35M | -19.57M | -11.88M | -8.15M |
| Currency Exchange Gain (Loss) | 1.29M | 363.00K | 2.14M | -476.00K | 655.00K | -419.00K |
| Other Non Operating Income (Expenses) | 8.12M | 5.74M | 4.81M | 4.86M | -6.92M | 4.26M |
| EBT Excluding Unusual Items | 183.87M | 171.09M | 147.66M | 125.57M | 93.57M | 62.71M |
| Merger & Restructuring Charges | -16.83M | -17.66M | -12.77M | -11.91M | -9.96M | -14.18M |
| Gain (Loss) on Sale of Investments | -429.00K | -15.40M | -26.26M | 26.96M | ||
| Gain (Loss) on Sale of Assets | 3.60M | 31.51M | ||||
| Legal Settlements | 15.00M | -4.00M | -2.00M | |||
| Other Unusual Items | -10.71M | -2.95M | 533.00K | 490.00K | ||
| Pretax Income | 155.89M | 135.08M | 154.02M | 83.89M | 108.58M | 80.04M |
| Income Tax Expense | 40.34M | 30.04M | 37.39M | 21.42M | 33.02M | 17.05M |
| Earnings From Continuing Operations | 115.56M | 105.04M | 116.63M | 62.48M | 75.55M | 62.99M |
| Net Income | 115.56M | 105.04M | 116.63M | 62.48M | 75.55M | 62.99M |
| Net Income to Common | 115.56M | 105.04M | 116.63M | 62.48M | 75.55M | 62.99M |
| Shares Outstanding (Basic) | 16.96M | 17.45M | 17.89M | 18.83M | 20.25M | 21.44M |
| Shares Outstanding (Diluted) | 17.37M | 17.99M | 18.61M | 19.60M | 20.75M | 21.81M |
| EPS (Basic) | 6.81 | 6.02 | 6.52 | 3.32 | 3.73 | 2.94 |
| EPS (Diluted) | 6.65 | 5.84 | 6.27 | 3.19 | 3.64 | 2.89 |
| Free Cash Flow | 161.00M | 182.96M | 192.67M | 125.82M | 72.85M | 7.12M |
| Free Cash Flow Per Share | 9.27 | 10.17 | 10.35 | 6.42 | 3.51 | 0.33 |
| Gross Margin | 32.65% | 32.50% | 32.03% | 30.79% | 30.60% | 29.69% |
| Operating Margin | 12.10% | 11.98% | 11.17% | 10.33% | 9.87% | 7.40% |
| Profit Margin | 6.51% | 6.32% | 7.85% | 4.59% | 6.67% | 6.96% |
| Free Cash Flow Margin | 9.08% | 11.00% | 12.96% | 9.24% | 6.43% | 0.79% |
| EBITDA | 243.29M | 222.11M | 183.76M | 159.20M | 133.18M | 87.80M |
| EBITDA Margin | 13.71% | 13.36% | 12.37% | 11.69% | 11.76% | 9.70% |
| D&A For EBITDA | 28.73M | 22.93M | 17.70M | 18.44M | 21.46M | 20.78M |
| EBIT | 214.56M | 199.18M | 166.06M | 140.76M | 111.72M | 67.02M |
| EBIT Margin | 12.10% | 11.98% | 11.17% | 10.33% | 9.87% | 7.40% |
| Effective Tax Rate | 25.88% | 22.24% | 24.28% | 25.53% | 30.42% | 21.30% |
| Revenue as Reported | 1.81B | 1.70B | 1.52B | 1.40B | 1.16B | 926.96M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 31.23M | 24.51M | 21.91M | 12.15M | 11.83M | 20.78M |
| Trading Asset Securities | 791.00K | 318.00K | 1.60M | 6.66M | 7.11M | |
| Cash & Short-Term Investments | 32.02M | 24.83M | 23.51M | 18.80M | 18.94M | 20.78M |
| Accounts Receivable | 441.87M | 381.97M | 357.79M | 353.44M | 289.63M | 213.60M |
| Other Receivables | 15.56M | 8.43M | 1.35M | 6.38M | 960.00K | 8.07M |
| Receivables | 457.43M | 390.40M | 359.14M | 359.82M | 290.59M | 221.67M |
| Prepaid Expenses | 40.33M | 33.36M | 26.46M | 21.84M | 18.95M | 15.23M |
| Total Current Assets | 529.78M | 448.58M | 409.12M | 400.46M | 328.48M | 257.68M |
| Property, Plant & Equipment | 48.57M | 43.50M | 40.85M | 47.86M | 56.41M | 66.31M |
| Long-Term Investments | 34.20M | 36.55M | 71.09M | 76.31M | 96.33M | 73.79M |
| Goodwill | 804.94M | 786.90M | 678.74M | 625.71M | 624.97M | 620.88M |
| Other Intangible Assets | 81.18M | 143.93M | 86.58M | 63.57M | 49.59M | 49.89M |
| Long-Term Deferred Tax Assets | 3.56M | 3.56M | 2.55M | 2.29M | 1.55M | 1.80M |
| Other Long-Term Assets | 142.53M | 63.66M | 54.69M | 45.95M | 41.71M | 48.98M |
| Total Assets | 1.64B | 1.53B | 1.34B | 1.26B | 1.20B | 1.12B |
| Accounts Payable | 16.80M | 12.35M | 11.54M | 10.07M | 14.25M | 13.62M |
| Accrued Expenses | 231.47M | 303.10M | 273.97M | 258.94M | 198.87M | 160.05M |
| Current Portion of Long-Term Debt | 20.12M | 21.02M | 13.75M | 2.16M | ||
| Current Portion of Leases | 9.80M | 14.30M | 12.31M | 11.03M | 10.53M | 10.14M |
| Current Unearned Revenue | 30.89M | 31.71M | 26.87M | 22.46M | 21.91M | 19.21M |
| Other Current Liabilities | 858.00K | 949.00K | 381.00K | 70.00K | 120.00K | |
| Total Current Liabilities | 309.93M | 383.43M | 338.82M | 302.57M | 245.68M | 205.18M |
| Long-Term Debt | 813.32M | 492.47M | 342.86M | 324.31M | 290.00M | 232.37M |
| Long-Term Leases | 21.93M | 24.37M | 29.69M | 38.85M | 45.56M | 54.31M |
| Long-Term Deferred Tax Liabilities | 42.09M | 37.27M | 28.45M | 28.16M | 32.15M | 12.27M |
| Other Long-Term Liabilities | 72.73M | 60.51M | 42.48M | 35.36M | 33.61M | 43.31M |
| Total Liabilities | 1.26B | 998.05M | 782.29M | 729.25M | 647.00M | 547.45M |
| Common Stock | 194.00K | 205.00K | 208.00K | 212.00K | 223.00K | 239.00K |
| Additional Paid-In Capital | 3.93M | 87.89M | 177.67M | 236.96M | 318.71M | 413.79M |
| Retained Earnings | 599.38M | 636.69M | 531.65M | 415.03M | 352.55M | 277.00M |
| Treasury Stock | -210.43M | -189.99M | -160.09M | -142.14M | -137.56M | -135.97M |
| Comprehensive Income & Other | -8.31M | -6.17M | 11.89M | 22.83M | 18.12M | 16.84M |
| Shareholders' Equity | 384.76M | 528.63M | 561.33M | 532.89M | 552.04M | 571.90M |
| Total Liabilities & Equity | 1.64B | 1.53B | 1.34B | 1.26B | 1.20B | 1.12B |
| Total Debt | 865.16M | 552.17M | 398.61M | 374.19M | 346.09M | 298.99M |
| Net Cash (Debt) | -833.14M | -527.35M | -375.10M | -355.38M | -327.14M | -278.21M |
| Net Cash Per Share | -47.95 | -29.31 | -20.15 | -18.13 | -15.77 | -12.76 |
| Filing Date Shares Outstanding | 14.90M | 15.91M | 16.42M | 16.80M | 17.86M | 20.25M |
| Total Common Shares Outstanding | 14.95M | 16.18M | 16.46M | 17.07M | 18.33M | 20.55M |
| Working Capital | 219.85M | 65.15M | 70.30M | 97.89M | 82.80M | 52.50M |
| Book Value Per Share | 25.73 | 32.67 | 34.11 | 31.22 | 30.12 | 27.83 |
| Tangible Book Value | -501.36M | -402.19M | -203.99M | -156.39M | -122.52M | -98.87M |
| Tangible Book Value Per Share | -33.53 | -24.85 | -12.39 | -9.16 | -6.68 | -4.81 |
| Machinery | 37.78M | 41.05M | 50.24M | 46.68M | 52.51M | |
| Construction In Progress | 793.00K | 1.62M | 866.00K | 289.00K | 1.11M | |
| Leasehold Improvements | 32.33M | 32.25M | 33.29M | 37.20M | 40.34M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 115.56M | 105.04M | 116.63M | 62.48M | 75.55M | 62.99M |
| Depreciation & Amortization | 28.73M | 22.93M | 17.70M | 18.44M | 21.46M | 20.78M |
| Other Amortization | 10.65M | 10.65M | 8.68M | 7.27M | 7.07M | 5.99M |
| Loss (Gain) From Sale of Assets | -657.00K | 132.00K | -4.41M | -64.00K | -1.11M | -33.17M |
| Asset Writedown & Restructuring Costs | 738.00K | 3.51M | 6.25M | 211.00K | ||
| Loss (Gain) From Sale of Investments | 429.00K | 15.40M | 26.26M | -26.96M | ||
| Stock-Based Compensation | 49.42M | 46.51M | 45.07M | 45.70M | 30.97M | 25.86M |
| Provision & Write-off of Bad Debts | 646.00K | 942.00K | 3.07M | 421.00K | 141.00K | 13.00K |
| Other Operating Activities | 25.92M | 20.60M | 8.14M | -351.00K | 24.80M | 19.54M |
| Change in Accounts Receivable | -43.46M | -14.92M | 627.00K | -64.10M | -77.21M | -78.67M |
| Change in Accounts Payable | -8.18M | -6.25M | -12.23M | -6.95M | -13.47M | 10.39M |
| Change in Unearned Revenue | 1.44M | 2.68M | 892.00K | 560.00K | 969.00K | -7.72M |
| Change in Income Taxes | 2.52M | -7.80M | 5.41M | -5.14M | 7.67M | -2.72M |
| Change in Other Net Operating Assets | -4.53M | -3.25M | 8.22M | 44.49M | 35.30M | -5.31M |
| Operating Cash Flow | 178.47M | 193.39M | 201.32M | 135.26M | 85.40M | 17.99M |
| Capital Expenditures | -17.47M | -10.44M | -8.65M | -9.44M | -12.55M | -10.87M |
| Sale of Property, Plant & Equipment | 550.00K | 50.00K | 102.00K | 111.00K | 4.75M | 408.00K |
| Cash Acquisitions | -86.31M | -111.63M | -49.50M | -1.61M | -3.45M | -44.82M |
| Divestitures | 300.00K | 4.67M | 207.00K | 41.27M | ||
| Sale (Purchase) of Intangibles | -19.79M | -20.65M | -23.93M | -25.74M | -11.75M | -4.89M |
| Other Investing Activities | -679.00K | -3.09M | -2.44M | 36.00K | 2.66M | -1.25M |
| Investing Cash Flow | -123.40M | -145.75M | -79.75M | -36.65M | -20.13M | -20.14M |
| Long-Term Debt Issued | 1.11B | 743.50M | 354.00M | 314.00M | 235.00M | |
| Long-Term Debt Repaid | -954.69M | -709.81M | -320.00M | -256.78M | -205.50M | |
| Net Debt Issued (Repaid) | 176.19M | 153.31M | 33.69M | 34.00M | 57.22M | 29.50M |
| Issuance of Common Stock | 3.26M | 5.09M | 1.83M | 2.52M | 1.42M | 804.00K |
| Repurchase of Common Stock | -260.88M | -200.29M | -145.09M | -133.29M | -128.19M | -74.72M |
| Other Financing Activities | -3.10M | -3.14M | -2.06M | -1.56M | -4.56M | |
| Financing Cash Flow | -84.54M | -45.03M | -111.64M | -98.33M | -74.11M | -44.41M |
| Foreign Exchange Rate Adjustments | -317.00K | -16.00K | -173.00K | 32.00K | -111.00K | 170.00K |
| Net Cash Flow | -29.78M | 2.60M | 9.76M | 315.00K | -8.95M | -46.40M |
| Free Cash Flow | 161.00M | 182.96M | 192.67M | 125.82M | 72.85M | 7.12M |
| Free Cash Flow Margin | 9.08% | 11.00% | 12.96% | 9.24% | 6.43% | 0.79% |
| Free Cash Flow Per Share | 9.27 | 10.17 | 10.35 | 6.42 | 3.51 | 0.33 |
| Levered Free Cash Flow | 151.04M | 149.32M | 144.08M | 96.24M | 67.23M | 17.48M |
| Unlevered Free Cash Flow | 174.95M | 169.54M | 158.84M | 107.70M | 73.49M | 21.78M |
| Cash Interest Paid | 34.30M | 34.30M | 33.30M | 27.00M | 12.25M | 7.98M |
| Cash Income Tax Paid | 27.03M | 27.03M | 29.71M | 33.51M | 13.48M | 8.45M |
| Change in Working Capital | -52.22M | -29.54M | 2.92M | -31.14M | -46.73M | -84.02M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 2.90B | 2.76B | 2.03B | 1.78B | 1.35B | 1.02B |
| Enterprise Value | 3.74B | 3.39B | 2.50B | 2.17B | 1.74B | 1.34B |
| Last Close Price | 195.00 | 172.91 | 124.26 | 102.80 | 72.60 | 49.90 |
| PE Ratio | 29.31 | 26.31 | 17.41 | 28.43 | 17.89 | 16.24 |
| Forward PE | 20.27 | 20.95 | 18.82 | 19.75 | 18.89 | 17.17 |
| PS Ratio | 1.64 | 1.66 | 1.37 | 1.30 | 1.19 | 1.13 |
| PB Ratio | 7.58 | 5.23 | 3.62 | 3.33 | 2.45 | 1.79 |
| P/FCF Ratio | 18.04 | 15.11 | 10.54 | 14.12 | 18.55 | 143.77 |
| P/OCF Ratio | 16.28 | 14.29 | 10.09 | 13.13 | 15.82 | 56.88 |
| PEG Ratio | 0.79 | 0.79 | 0.79 | 0.79 | 0.86 | |
| EV/Sales Ratio | 2.11 | 2.04 | 1.68 | 1.59 | 1.53 | 1.49 |
| EV/EBITDA Ratio | 15.36 | 15.28 | 13.60 | 13.61 | 13.04 | 15.31 |
| EV/EBIT Ratio | 17.42 | 17.04 | 15.05 | 15.40 | 15.55 | 20.06 |
| EV/FCF Ratio | 23.22 | 18.55 | 12.97 | 17.23 | 23.84 | 188.93 |
| Debt / Equity Ratio | 2.25 | 1.04 | 0.71 | 0.70 | 0.63 | 0.52 |
| Debt / EBITDA Ratio | 3.38 | 2.36 | 2.05 | 2.20 | 2.39 | 2.99 |
| Debt / FCF Ratio | 5.37 | 3.02 | 2.07 | 2.97 | 4.75 | 42.02 |
| Net Debt / Equity Ratio | 2.17 | 1.00 | 0.67 | 0.67 | 0.59 | 0.49 |
| Net Debt / EBITDA Ratio | 3.42 | 2.37 | 2.04 | 2.23 | 2.46 | 3.17 |
| Net Debt / FCF Ratio | 5.17 | 2.88 | 1.95 | 2.83 | 4.49 | 39.10 |
| Asset Turnover | 1.14 | 1.16 | 1.14 | 1.11 | 0.98 | 0.83 |
| Quick Ratio | 1.58 | 1.08 | 1.13 | 1.25 | 1.26 | 1.18 |
| Current Ratio | 1.71 | 1.17 | 1.21 | 1.32 | 1.34 | 1.26 |
| Return on Equity (ROE) | 26.88% | 19.27% | 21.32% | 11.52% | 13.44% | 11.21% |
| Return on Assets (ROA) | 8.58% | 8.67% | 7.97% | 7.15% | 6.02% | 3.86% |
| Return on Invested Capital (ROIC) | 12.83% | 15.55% | 13.78% | 11.86% | 8.99% | 6.54% |
| Return on Capital Employed (ROCE) | 16.10% | 17.40% | 16.50% | 14.70% | 11.70% | 7.30% |
| Earnings Yield | 3.41% | 3.80% | 5.74% | 3.52% | 5.59% | 6.16% |
| FCF Yield | 5.54% | 6.62% | 9.49% | 7.08% | 5.39% | 0.70% |
| Buyback Yield / Dilution | 5.12% | 3.34% | 5.04% | 5.52% | 4.87% | 0.33% |