Huron Consulting Group (HURN) Financials

$132.22 +0.12 (+0.09%)

Closing price 04:00 PM Eastern

Extended Trading

$134.82 +2.60 (+1.97%)

As of 07:32 PM Eastern

Annual Income Statements for Huron Consulting Group

This table shows Huron Consulting Group's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	59	38	-170	14	42	-24	63	76	62	117	105
Consolidated Net Income / (Loss)	59	38	-170	14	42	-24	63	76	62	117	105
Net Income / (Loss) Continuing Operations	62	39	-171	14	42	-24	63	76	62	117	105
Total Pre-Tax Income	84	59	-223	25	52	-34	80	109	84	154	135
Total Operating Income	103	74	-207	52	64	-29	53	100	125	169	179
Total Gross Profit	280	274	267	269	296	279	906	1,132	1,362	1,486	1,663
Total Revenue	769	798	808	878	965	871	927	1,159	1,399	1,522	1,699
Operating Revenue	769	798	808	878	965	871	927	1,159	1,399	1,522	1,699
Total Cost of Revenue	489	524	541	609	670	592	21	27	37	36	36
Operating Cost of Revenue	489	524	541	609	670	592	21	27	37	36	36
Total Operating Expenses	177	199	474	217	232	307	853	1,033	1,237	1,317	1,484
Selling, General & Admin Expense	158	160	175	181	203	171	178	210	258	287	318
Depreciation Expense	25	31	38	35	28	30	25	27	25	25	32
Amortization Expense	-	-	-	-	-	-	-	786	943	1,010	1,122
Other Operating Expenses / (Income)	-9.48	-1.99	1.11	-2.02	-1.20	27	637	-0.19	-0.44	-14	3.07
Restructuring Charge	3.33	9.60	6.25	3.66	1.86	21	12	9.91	12	9.91	9.14
Total Other Income / (Expense), net	-20	-15	-15	-27	-11	-5.02	27	8.82	-41	-15	-43
Interest & Investment Income	-	-	-19	-19	-16	-9.29	-8.15	-12	-20	-25	-34
Other Income / (Expense), net	-1.80	1.20	3.57	-7.86	4.43	4.27	35	21	-22	11	-9.29
Income Tax Expense	22	20	-52	11	11	-10	17	33	21	37	30
Basic Earnings per Share	$2.67	$1.78	($7.93)	$0.63	$1.90	($1.09)	$2.94	$3.73	$3.32	$6.52	$6.02
Weighted Average Basic Shares Outstanding	22.14M	21.08M	21.44M	21.71M	21.99M	21.88M	21.44M	20.25M	18.83M	17.89M	17.45M
Diluted Earnings per Share	$2.61	$1.76	($7.93)	$0.62	$1.85	($1.09)	$2.89	$3.64	$3.19	$6.27	$5.84
Weighted Average Diluted Shares Outstanding	22.60M	21.42M	21.44M	22.06M	22.51M	21.88M	21.81M	20.75M	19.60M	18.61M	17.99M
Weighted Average Basic & Diluted Shares Outstanding	22.10M	21.10M	21.50M	21.70M	22.51M	22.77M	21.57M	19.33M	18.20M	17.68M	16.92M

This table shows Huron Consulting Group's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	25	22	2.83	18	37	27	34	25	19	30	31
Consolidated Net Income / (Loss)	25	22	2.83	18	37	27	34	25	19	30	31
Net Income / (Loss) Continuing Operations	25	22	2.83	18	37	27	34	25	19	30	31
Total Pre-Tax Income	35	31	1.77	18	52	38	47	21	28	43	43
Total Operating Income	40	37	30	20	59	42	47	33	46	50	50
Total Gross Profit	347	358	339	356	372	370	389	396	403	432	432
Total Revenue	355	367	350	363	381	378	399	404	412	441	442
Operating Revenue	355	367	350	363	381	378	399	404	412	441	442
Total Cost of Revenue	8.12	9.50	11	7.58	9.43	8.14	11	8.45	9.25	8.92	9.68
Operating Cost of Revenue	8.12	9.50	11	7.58	9.43	8.14	11	8.45	9.25	8.92	9.68
Total Operating Expenses	307	321	310	336	312	328	342	363	357	382	382
Selling, General & Admin Expense	65	64	67	73	71	70	71	77	80	81	80
Depreciation Expense	6.14	6.10	6.29	5.97	6.03	6.32	6.50	6.95	7.12	8.74	8.81
Amortization Expense	235	245	234	253	249	248	260	278	269	289	287
Other Operating Expenses / (Income)	-0.62	-0.01	-	1.57	-16	-0.17	-	0.00	-0.07	0.00	3.14
Restructuring Charge	1.70	5.40	2.17	2.34	2.06	3.14	2.38	1.34	0.56	3.52	3.72
Total Other Income / (Expense), net	-4.73	-6.05	-28	-2.36	-7.31	-4.86	-0.27	-11	-18	-7.35	-6.91
Interest & Investment Income	-5.80	-5.05	-4.43	-5.14	-7.95	-6.80	-5.45	-5.65	-9.28	-11	-8.26
Other Income / (Expense), net	1.06	-1.00	-24	2.78	0.65	1.94	5.18	-5.63	-8.67	3.66	1.35
Income Tax Expense	10	9.78	-1.06	-0.45	15	10	13	-3.08	8.28	12	13
Basic Earnings per Share	$1.30	$1.15	$0.17	$0.99	$2.10	$1.53	$1.90	$1.38	$1.12	$1.75	$1.77
Weighted Average Basic Shares Outstanding	18.94M	18.77M	18.83M	18.20M	17.89M	17.75M	17.89M	17.82M	17.32M	17.34M	17.45M
Diluted Earnings per Share	$1.27	$1.10	$0.14	$0.95	$2.03	$1.47	$1.82	$1.33	$1.09	$1.71	$1.71
Weighted Average Diluted Shares Outstanding	19.49M	19.48M	19.60M	18.94M	18.45M	18.47M	18.61M	18.48M	17.77M	17.79M	17.99M
Weighted Average Basic & Diluted Shares Outstanding	19.02M	18.75M	18.20M	18.01M	17.79M	17.74M	17.68M	17.25M	17.31M	17.24M	16.92M

This table details how cash moves in and out of Huron Consulting Group's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	-198	-41	-0.12	16	-22	56	-46	-8.95	0.32	9.76	2.60
Net Cash From Operating Activities	168	129	100	102	132	137	18	85	135	201	193
Net Cash From Continuing Operating Activities	168	129	100	102	132	137	18	85	135	201	193
Net Income / (Loss) Continuing Operations	59	38	-170	14	42	-24	63	76	62	117	105
Consolidated Net Income / (Loss)	59	38	-170	14	42	-24	63	76	62	117	105
Depreciation Expense	58	47	50	39	34	30	26	27	25	25	32
Amortization Expense	9.33	9.61	10	10	8.26	0.79	0.79	1.17	0.77	1.08	1.15
Non-Cash Adjustments To Reconcile Net Income	25	21	270	25	33	106	-0.41	9.62	85	53	70
Changes in Operating Assets and Liabilities, net	17	14	-61	13	15	24	-71	-28	-38	5.00	-16
Net Cash From Investing Activities	-272	-87	-129	-19	-35	-42	-20	-20	-37	-80	-146
Net Cash From Continuing Investing Activities	-272	-87	-129	-19	-35	-42	-20	-20	-37	-80	-146
Purchase of Property, Plant & Equipment	-19	-15	-26	-15	-24	-16	-16	-24	-35	-33	-31
Acquisitions	-340	-69	-107	-2.56	0.00	-8.70	-45	-3.45	-1.61	-50	-112
Sale of Property, Plant & Equipment	0.00	0.00	1.18	1.04	0.75	0.03	0.41	4.91	0.27	0.26	0.20
Divestitures	-	-	1.50	-	-2.50	-1.50	41	0.21	0.00	4.68	0.00
Other Investing Activities, net	103	-2.48	1.06	-2.04	-4.70	-2.46	-1.25	2.51	-0.12	-2.59	-3.24
Net Cash From Financing Activities	-94	-84	29	-67	-119	-40	-44	-74	-98	-112	-45
Net Cash From Continuing Financing Activities	-94	-84	29	-67	-119	-40	-44	-74	-98	-112	-45
Repayment of Debt	-366	-224	-241	-261	-444	-289	-205	-259	-320	-711	-958
Repurchase of Common Equity	-35	-55	0.00	0.00	-13	-27	-65	-120	-123	-123	-167
Issuance of Debt	314	200	278	204	347	283	235	314	354	744	1,108
Other Financing Activities, net	-7.15	-4.83	-7.53	-9.80	-8.81	-6.90	-9.30	-8.25	-9.51	-21	-29
Effect of Exchange Rate Changes	-0.59	0.08	0.21	-0.21	0.12	0.48	0.17	-0.11	0.03	-0.17	-0.02

This table details how cash moves in and out of Huron Consulting Group's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025
Net Change in Cash & Equivalents	4.56	-7.19	2.75	6.49	-1.00	0.85	3.41	1.47	38	-37	0.62
Net Cash From Operating Activities	78	69	80	-131	107	85	140	-107	80	94	126
Net Cash From Continuing Operating Activities	78	69	80	-131	107	85	140	-107	80	94	126
Net Income / (Loss) Continuing Operations	25	22	2.83	18	37	27	34	25	19	30	31
Consolidated Net Income / (Loss)	25	22	2.83	18	37	27	34	25	19	30	31
Depreciation Expense	6.14	6.10	6.29	5.97	6.03	6.32	6.97	6.95	7.12	9.40	8.97
Amortization Expense	0.19	0.20	0.19	0.22	0.29	0.29	0.29	0.29	0.29	0.29	0.29
Non-Cash Adjustments To Reconcile Net Income	14	17	39	16	17	12	8.39	22	24	13	12
Changes in Operating Assets and Liabilities, net	34	24	32	-171	47	39	90	-161	29	41	75
Net Cash From Investing Activities	-5.59	-10	-11	-31	-9.08	-8.37	-32	-15	-55	-63	-13
Net Cash From Continuing Investing Activities	-5.59	-10	-11	-31	-9.08	-8.37	-32	-15	-55	-63	-13
Purchase of Property, Plant & Equipment	-8.19	-8.03	-10	-8.80	-9.01	-7.57	-7.21	-8.53	-6.28	-8.45	-7.82
Acquisitions	-	-1.65	-	-21	0.38	-	-29	-5.19	-48	-54	-4.46
Sale of Property, Plant & Equipment	-	0.06	0.05	0.15	0.10	-	-	0.15	-	-	0.05
Other Investing Activities, net	2.60	-0.41	-0.47	-0.81	-0.56	-0.81	-0.43	-1.72	-0.59	-0.59	-0.34
Net Cash From Financing Activities	-68	-66	-67	168	-99	-76	-104	124	12	-68	-113
Net Cash From Continuing Financing Activities	-68	-66	-67	168	-99	-76	-104	124	12	-68	-113
Repayment of Debt	-81	-99	-96	-317	-115	-132	-146	-109	-142	-539	-167
Repurchase of Common Equity	-15	-29	-34	-61	-36	-7.29	-18	-65	-69	-19	-14
Issuance of Debt	29	62	62	566	53	64	61	328	224	489	67
Other Financing Activities, net	-0.84	-0.32	1.05	-20	-0.37	-0.32	-0.43	-30	-0.26	1.08	0.35
Effect of Exchange Rate Changes	0.04	-0.07	0.05	-0.04	-0.01	0.06	-0.18	0.02	0.14	-0.23	0.06

This table presents Huron Consulting Group's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	1,160	1,153	1,037	1,050	1,104	1,051	1,119	1,199	1,262	1,344	1,527
Total Current Assets	228	180	191	233	225	231	258	328	400	409	449
Cash & Equivalents	58	17	17	33	12	67	21	12	12	22	25
Accounts Receivable	142	146	159	179	197	142	214	290	353	358	382
Prepaid Expenses	28	13	11	14	14	17	15	26	28	28	34
Current Deferred & Refundable Income Taxes	0.41	4.21	4.04	6.61	2.38	5.12	8.07	0.96	6.39	1.36	8.43
Plant, Property, & Equipment, net	29	32	46	40	38	29	31	26	24	22	23
Total Noncurrent Assets	902	941	800	776	841	791	831	844	838	913	1,055
Long-Term Investments	35	35	40	50	55	71	73	91	75	70	36
Goodwill	751	800	646	645	647	594	621	625	626	679	787
Intangible Assets	95	81	72	48	32	20	32	23	18	26	73
Noncurrent Deferred & Refundable Income Taxes	-	0.00	17	2.15	1.15	4.19	1.80	1.55	2.29	2.55	3.56
Other Noncurrent Operating Assets	21	25	25	31	107	101	104	103	116	136	155
Total Liabilities & Shareholders' Equity	1,160	1,153	1,037	1,050	1,104	1,051	1,119	1,199	1,262	1,344	1,527
Total Liabilities	507	505	534	509	519	499	547	647	729	782	998
Total Current Liabilities	131	136	139	418	205	187	205	246	303	339	383
Short-Term Debt	-	1.99	9.02	253	0.53	0.50	0.56	-	0.00	14	20
Accounts Payable	7.22	7.27	9.19	10	7.94	0.65	14	14	10	12	12
Accrued Expenses	24	20	20	17	19	15	23	27	33	27	38
Current Deferred Revenue	19	24	28	28	28	28	19	22	22	27	32
Current Employee Benefit Liabilities	81	83	74	110	142	134	139	172	226	248	267
Other Current Liabilities	-	-	-	0.00	7.47	8.77	10	11	11	12	14
Total Noncurrent Liabilities	376	369	394	91	314	312	342	401	427	443	615
Long-Term Debt	307	292	343	54	208	203	232	290	324	343	490
Noncurrent Deferred & Payable Income Tax Liabilities	35	36	1.10	0.73	8.07	0.43	12	32	28	28	37
Other Noncurrent Operating Liabilities	24	31	35	22	98	109	98	79	75	72	88
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	652	648	503	541	585	552	572	552	533	561	529
Total Preferred & Common Equity	652	648	503	541	585	552	572	552	533	561	529
Total Common Equity	652	648	503	541	585	552	572	552	533	561	529
Common Stock	439	406	434	453	461	455	414	319	237	178	88
Retained Earnings	314	351	180	196	238	214	277	353	415	532	637
Treasury Stock	-104	-113	-122	-125	-128	-130	-136	-138	-142	-160	-190
Accumulated Other Comprehensive Income / (Loss)	3.59	3.62	10	16	15	13	17	18	23	12	-6.17

This table presents Huron Consulting Group's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025
Total Assets	1,195	1,239	1,257	1,282	1,347	1,326	1,329	1,364	1,481	1,544
Total Current Assets	324	362	380	406	451	436	438	440	490	475
Cash & Equivalents	8.83	12	17	9.40	19	18	18	23	61	24
Accounts Receivable	289	320	327	359	388	369	382	382	382	397
Prepaid Expenses	26	29	30	32	35	40	28	28	30	36
Current Deferred & Refundable Income Taxes	0.21	0.28	6.48	4.50	9.34	8.34	9.19	6.62	18	18
Plant, Property, & Equipment, net	26	24	23	23	25	23	22	21	20	22
Total Noncurrent Assets	845	853	854	854	871	867	869	902	971	1,047
Long-Term Investments	96	96	97	95	73	65	64	51	35	35
Goodwill	624	625	625	626	647	647	648	685	739	782
Intangible Assets	25	21	19	20	26	24	23	27	52	72
Noncurrent Deferred & Refundable Income Taxes	1.63	1.41	1.40	1.74	2.30	2.33	2.41	2.55	2.55	2.71
Other Noncurrent Operating Assets	98	109	112	111	123	128	132	136	142	156
Total Liabilities & Shareholders' Equity	1,195	1,239	1,257	1,282	1,347	1,326	1,329	1,364	1,481	1,544
Total Liabilities	638	710	706	729	851	825	806	869	1,006	1,044
Total Current Liabilities	196	148	200	265	188	226	271	211	247	330
Short-Term Debt	0.00	-	-	-	14	14	14	14	14	20
Accounts Payable	15	9.56	9.72	12	14	9.74	8.15	20	11	12
Accrued Expenses	32	29	27	32	37	26	26	29	28	38
Current Deferred Revenue	20	21	25	26	25	29	28	28	29	31
Current Employee Benefit Liabilities	118	78	126	184	88	136	183	109	153	215
Other Current Liabilities	10	11	11	11	11	12	12	13	12	14
Total Noncurrent Liabilities	442	561	506	464	663	600	535	658	759	714
Long-Term Debt	341	447	395	358	559	497	428	562	643	590
Noncurrent Deferred & Payable Income Tax Liabilities	22	33	35	34	29	27	29	24	25	34
Other Noncurrent Operating Liabilities	80	82	76	72	76	76	78	72	91	91
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	556	529	552	553	496	501	523	494	475	500
Total Preferred & Common Equity	556	529	552	553	496	501	523	494	475	500
Total Common Equity	556	529	552	553	496	501	523	494	475	500
Common Stock	336	285	279	262	200	176	175	128	94	91
Retained Earnings	335	366	391	412	433	471	498	556	576	606
Treasury Stock	-137	-141	-141	-142	-160	-160	-160	-189	-189	-190
Accumulated Other Comprehensive Income / (Loss)	21	20	23	21	22	14	9.75	-0.33	-4.94	-7.50

This table displays calculated financial ratios and metrics derived from Huron Consulting Group's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	9.62%	3.77%	1.22%	8.70%	9.96%	-9.78%	6.42%	25.03%	20.69%	8.80%	11.65%
EBITDA Growth	36.84%	-22.02%	-208.91%	165.36%	18.06%	-94.19%	1,686.73%	29.60%	-13.30%	59.27%	-1.40%
EBIT Growth	14.61%	-25.83%	-370.30%	121.69%	54.04%	-136.07%	458.76%	36.60%	-14.11%	73.35%	-5.62%
NOPAT Growth	47.81%	-35.37%	-393.12%	119.83%	76.89%	-139.64%	305.90%	66.93%	34.48%	36.94%	8.62%
Net Income Growth	-25.30%	-36.30%	-552.23%	108.02%	205.90%	-157.11%	364.21%	19.95%	-17.30%	86.66%	-9.93%
EPS Growth	-24.35%	-32.57%	-550.57%	107.82%	198.39%	-158.92%	365.14%	25.95%	-12.36%	96.55%	-6.86%
Operating Cash Flow Growth	14.61%	-23.00%	-22.79%	1.87%	30.06%	3.42%	-86.85%	374.79%	58.39%	48.84%	-3.94%
Free Cash Flow Firm Growth	-292.16%	112.65%	-306.55%	218.73%	38.36%	4.75%	-157.96%	179.14%	51.09%	12.41%	-117.20%
Invested Capital Growth	47.49%	2.76%	-10.37%	-4.26%	-4.70%	-15.27%	15.28%	3.89%	4.10%	7.41%	18.28%
Revenue Q/Q Growth	29.99%	-0.83%	1.26%	2.74%	2.82%	-24.06%	43.60%	5.50%	2.10%	3.35%	2.57%
EBITDA Q/Q Growth	50.91%	-21.35%	-32.52%	68.76%	2.80%	-82.56%	80.95%	-9.37%	-14.66%	29.46%	0.64%
EBIT Q/Q Growth	81.17%	-27.44%	-20.82%	1,316.39%	9.23%	-635.42%	146.45%	-11.62%	-17.08%	34.53%	-0.41%
NOPAT Q/Q Growth	401.98%	-37.75%	-20.67%	421.30%	19.58%	-1,353.89%	50.40%	16.05%	6.08%	7.53%	1.21%
Net Income Q/Q Growth	12.48%	-28.76%	-24.76%	171.72%	36.90%	-603.24%	144.21%	-15.61%	-18.57%	36.45%	-3.08%
EPS Q/Q Growth	11.54%	-26.97%	-25.08%	168.13%	35.04%	-419.05%	138.84%	-13.54%	-18.21%	36.60%	-1.85%
Operating Cash Flow Q/Q Growth	22.02%	-21.37%	-2.09%	5.64%	26.48%	-13.71%	-41.12%	111.31%	-7.40%	41.70%	-6.39%
Free Cash Flow Firm Q/Q Growth	30.58%	-85.50%	16.55%	-13.76%	44.70%	-22.35%	-123.61%	362.74%	-14.83%	62.71%	60.99%
Invested Capital Q/Q Growth	-15.04%	-3.52%	-7.83%	-4.32%	-6.79%	-7.31%	-0.78%	-6.76%	-4.62%	-6.30%	-6.95%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	36.46%	34.28%	33.00%	30.67%	30.64%	31.98%	97.69%	97.70%	97.37%	97.65%	97.86%
EBITDA Margin	21.99%	16.52%	-17.78%	10.69%	11.48%	0.74%	12.40%	12.86%	9.24%	13.52%	11.94%
Operating Margin	13.46%	9.30%	-25.68%	5.93%	6.60%	-3.31%	5.70%	8.61%	8.96%	11.09%	10.51%
EBIT Margin	13.22%	9.45%	-25.24%	5.04%	7.06%	-2.82%	9.51%	10.39%	7.40%	11.79%	9.96%
Profit (Net Income) Margin	7.68%	4.71%	-21.06%	1.55%	4.32%	-2.74%	6.80%	6.52%	4.47%	7.66%	6.18%
Tax Burden Percent	70.67%	63.59%	76.46%	54.11%	79.52%	70.38%	78.70%	69.58%	74.47%	75.72%	77.76%
Interest Burden Percent	82.17%	78.43%	109.13%	57.02%	77.04%	137.80%	90.76%	90.14%	81.08%	85.87%	79.80%
Effective Tax Rate	25.93%	33.26%	0.00%	44.71%	20.03%	0.00%	21.30%	30.42%	25.53%	24.28%	22.24%
Return on Invested Capital (ROIC)	10.55%	5.64%	-17.20%	3.69%	6.83%	-3.00%	6.26%	9.57%	12.38%	16.02%	15.40%
ROIC Less NNEP Spread (ROIC-NNEP)	-6.98%	0.41%	-26.47%	-2.16%	1.80%	-6.51%	27.19%	13.33%	-2.20%	11.55%	5.92%
Return on Net Nonoperating Assets (RNNOA)	-1.12%	0.15%	-12.35%	-1.07%	0.59%	-1.19%	4.95%	3.87%	-0.86%	5.29%	3.88%
Return on Equity (ROE)	9.43%	5.79%	-29.55%	2.61%	7.41%	-4.19%	11.21%	13.44%	11.52%	21.32%	19.27%
Cash Return on Invested Capital (CROIC)	-27.83%	2.91%	-6.26%	8.04%	11.64%	13.52%	-7.94%	5.75%	8.36%	8.88%	-1.35%
Operating Return on Assets (OROA)	8.78%	6.52%	-18.62%	4.24%	6.33%	-2.28%	8.13%	10.39%	8.41%	13.77%	11.80%
Return on Assets (ROA)	5.10%	3.25%	-15.53%	1.31%	3.88%	-2.21%	5.80%	6.52%	5.08%	8.95%	7.32%
Return on Common Equity (ROCE)	9.43%	5.79%	-29.55%	2.61%	7.41%	-4.19%	11.21%	13.44%	11.52%	21.32%	19.27%
Return on Equity Simple (ROE_SIMPLE)	9.05%	5.80%	-33.80%	2.52%	7.13%	-4.32%	11.01%	13.69%	11.72%	20.78%	0.00%
Net Operating Profit after Tax (NOPAT)	77	50	-145	29	51	-20	42	69	93	128	139
NOPAT Margin	9.97%	6.21%	-17.98%	3.28%	5.28%	-2.32%	4.49%	5.99%	6.67%	8.40%	8.17%
Net Nonoperating Expense Percent (NNEP)	17.53%	5.23%	9.27%	5.85%	5.03%	3.51%	-20.93%	-3.76%	14.58%	4.47%	9.48%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	8.24%	10.89%	13.93%	13.37%
Cost of Revenue to Revenue	63.54%	65.72%	67.00%	69.33%	69.36%	68.02%	2.31%	2.30%	2.63%	2.35%	2.14%
SG&A Expenses to Revenue	20.53%	20.08%	21.71%	20.61%	21.03%	19.58%	19.21%	18.08%	18.44%	18.84%	18.72%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	23.00%	24.98%	58.69%	24.74%	24.04%	35.30%	91.99%	89.09%	88.41%	86.56%	87.35%
Earnings before Interest and Taxes (EBIT)	102	75	-204	44	68	-25	88	120	103	179	169
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	169	132	-144	94	111	6.43	115	149	129	206	203
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.09	1.70	1.78	2.14	2.69	2.44	1.91	2.62	3.62	3.93	5.64
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	1.77	1.38	1.11	1.32	1.63	1.55	1.18	1.25	1.38	1.45	1.75
Price to Earnings (P/E)	23.07	29.25	0.00	84.80	37.72	0.00	17.36	19.15	30.85	18.90	28.38
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	4.33%	3.42%	0.00%	1.18%	2.65%	0.00%	5.76%	5.22%	3.24%	5.29%	3.52%
Enterprise Value to Invested Capital (EV/IC)	1.82	1.51	1.49	1.81	2.36	2.29	1.73	2.21	2.81	2.99	3.51
Enterprise Value to Revenue (EV/Rev)	2.05	1.68	1.47	1.57	1.78	1.62	1.33	1.41	1.55	1.62	2.02
Enterprise Value to EBITDA (EV/EBITDA)	9.32	10.18	0.00	14.71	15.50	219.67	10.73	10.97	16.75	12.00	16.91
Enterprise Value to EBIT (EV/EBIT)	15.50	17.80	0.00	31.21	25.20	0.00	13.98	13.57	20.91	13.77	20.26
Enterprise Value to NOPAT (EV/NOPAT)	20.56	27.10	0.00	47.94	33.71	0.00	29.65	23.54	23.18	19.32	24.70
Enterprise Value to Operating Cash Flow (EV/OCF)	9.39	10.39	11.92	13.58	12.99	10.34	68.56	19.14	16.00	12.27	17.74
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	52.46	0.00	22.00	19.78	15.54	0.00	39.17	34.33	34.85	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.47	0.45	0.70	0.57	0.36	0.37	0.41	0.53	0.61	0.64	0.96
Long-Term Debt to Equity	0.47	0.45	0.68	0.10	0.36	0.37	0.41	0.53	0.61	0.61	0.93
Financial Leverage	0.16	0.35	0.47	0.50	0.33	0.18	0.18	0.29	0.39	0.46	0.65
Leverage Ratio	1.85	1.78	1.90	2.00	1.91	1.89	1.93	2.06	2.27	2.38	2.63
Compound Leverage Factor	1.52	1.39	2.08	1.14	1.47	2.61	1.75	1.86	1.84	2.04	2.10
Debt to Total Capital	32.03%	31.21%	41.12%	36.22%	26.29%	26.92%	28.93%	34.44%	37.81%	38.85%	49.09%
Short-Term Debt to Total Capital	0.00%	0.21%	1.05%	29.86%	0.07%	0.07%	0.07%	0.00%	0.00%	1.50%	1.93%
Long-Term Debt to Total Capital	32.03%	31.00%	40.07%	6.35%	26.23%	26.85%	28.86%	34.44%	37.81%	37.35%	47.16%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	67.97%	68.79%	58.88%	63.78%	73.71%	73.08%	71.07%	65.56%	62.19%	61.15%	50.91%
Debt to EBITDA	1.82	2.23	-2.45	3.27	1.88	31.59	2.02	1.95	2.51	1.73	2.51
Net Debt to EBITDA	1.27	1.84	-2.05	2.38	1.29	10.11	1.21	1.25	1.83	1.29	2.21
Long-Term Debt to EBITDA	1.82	2.22	-2.39	0.57	1.88	31.52	2.02	1.95	2.51	1.67	2.41
Debt to NOPAT	4.01	5.94	-2.42	10.66	4.10	-10.07	5.60	4.18	3.47	2.79	3.67
Net Debt to NOPAT	2.79	4.89	-2.03	7.76	2.80	-3.22	3.35	2.69	2.53	2.07	3.23
Long-Term Debt to NOPAT	4.01	5.90	-2.36	1.87	4.09	-10.04	5.58	4.18	3.47	2.68	3.53
Altman Z-Score	3.04	2.69	1.44	2.39	3.22	2.71	2.69	3.13	3.52	3.88	3.91
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.74	1.33	1.37	0.56	1.10	1.23	1.26	1.34	1.32	1.21	1.17
Quick Ratio	1.52	1.20	1.26	0.51	1.02	1.12	1.14	1.23	1.21	1.12	1.06
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-202	26	-53	63	87	91	-53	42	63	71	-12
Operating Cash Flow to CapEx	863.58%	860.36%	405.75%	727.95%	579.94%	835.19%	117.16%	440.39%	387.34%	622.76%	626.28%
Free Cash Flow to Firm to Interest Expense	-11.16	1.57	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	9.26	7.94	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	8.18	7.02	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.66	0.69	0.74	0.84	0.90	0.81	0.85	1.00	1.14	1.17	1.18
Accounts Receivable Turnover	7.05	5.55	5.30	5.18	5.14	5.15	5.22	4.61	4.35	4.28	4.59
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	25.82	26.03	20.72	20.44	24.51	25.81	30.85	40.59	56.14	67.03	75.27
Accounts Payable Turnover	54.22	72.37	65.73	63.36	74.56	137.90	3.00	1.91	3.02	3.31	3.04
Days Sales Outstanding (DSO)	51.81	65.72	68.90	70.40	71.04	70.85	69.94	79.24	83.90	85.29	79.46
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	6.73	5.04	5.55	5.76	4.90	2.65	121.86	190.74	120.76	110.44	120.12
Cash Conversion Cycle (CCC)	45.08	60.68	63.34	64.64	66.14	68.21	-51.92	-111.50	-36.86	-25.15	-40.66
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	866	890	798	764	728	617	711	739	769	826	977
Invested Capital Turnover	1.06	0.91	0.96	1.12	1.29	1.30	1.40	1.60	1.85	1.91	1.88
Increase / (Decrease) in Invested Capital	279	24	-92	-34	-36	-111	94	28	30	57	151
Enterprise Value (EV)	1,576	1,343	1,190	1,381	1,717	1,413	1,233	1,634	2,164	2,469	3,430
Market Capitalization	1,362	1,100	895	1,157	1,575	1,348	1,094	1,447	1,927	2,204	2,981
Book Value per Share	$28.44	$29.83	$22.74	$23.97	$25.55	$24.13	$26.09	$27.69	$28.42	$31.64	$30.66
Tangible Book Value per Share	($8.46)	($10.73)	($9.70)	($6.76)	($4.05)	($2.74)	($3.69)	($4.83)	($5.92)	($8.09)	($19.21)
Total Capital	960	942	855	848	794	755	805	842	857	918	1,038
Total Debt	307	294	352	307	209	203	233	290	324	357	510
Total Long-Term Debt	307	292	343	54	208	203	232	290	324	343	490
Net Debt	214	242	295	223	143	65	139	187	236	265	449
Capital Expenditures (CapEx)	19	15	25	14	23	16	15	19	35	32	31
Debt-free, Cash-free Net Working Capital (DFCFNWC)	39	29	44	35	9.12	-23	32	71	86	62	61
Debt-free Net Working Capital (DFNWC)	97	46	61	68	21	44	53	83	98	84	85
Net Working Capital (NWC)	97	44	52	-185	20	44	52	83	98	70	65
Net Nonoperating Expense (NNE)	18	12	25	15	9.21	3.64	-21	-6.14	31	11	34
Net Nonoperating Obligations (NNO)	214	242	295	223	143	65	139	187	236	265	449
Total Depreciation and Amortization (D&A)	67	56	60	50	43	31	27	29	26	26	34
Debt-free, Cash-free Net Working Capital to Revenue	5.01%	3.67%	5.44%	3.95%	0.94%	-2.64%	3.48%	6.12%	6.13%	4.08%	3.57%
Debt-free Net Working Capital to Revenue	12.61%	5.80%	7.53%	7.72%	2.15%	5.07%	5.72%	7.14%	7.00%	5.52%	5.01%
Net Working Capital to Revenue	12.61%	5.55%	6.42%	-21.11%	2.09%	5.01%	5.66%	7.14%	7.00%	4.62%	3.83%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.67	$1.78	($7.93)	$0.63	$1.90	($1.09)	$2.94	$3.73	$3.32	$6.52	$6.02
Adjusted Weighted Average Basic Shares Outstanding	22.14M	21.08M	21.44M	21.71M	21.99M	21.88M	21.44M	20.25M	18.83M	17.89M	17.45M
Adjusted Diluted Earnings per Share	$2.61	$1.76	($7.93)	$0.62	$1.85	($1.09)	$2.89	$3.64	$3.19	$6.27	$5.84
Adjusted Weighted Average Diluted Shares Outstanding	22.60M	21.42M	21.44M	22.06M	22.51M	21.88M	21.81M	20.75M	19.60M	18.61M	17.99M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	21.55M	21.73M	22.18M	22.56M	22.51M	22.77M	21.57M	19.33M	18.20M	17.68M	16.92M
Normalized Net Operating Profit after Tax (NOPAT)	79	56	36	31	52	36	51	76	102	135	146
Normalized NOPAT Margin	10.29%	7.01%	4.50%	3.51%	5.43%	4.14%	5.54%	6.58%	7.29%	8.89%	8.59%
Pre Tax Income Margin	10.87%	7.41%	-27.55%	2.87%	5.44%	-3.89%	8.63%	9.37%	6.00%	10.12%	7.95%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	5.61	4.64	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	4.23	3.04	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	4.54	3.71	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	3.16	2.12	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	58.58%	146.92%	0.00%	0.00%	31.11%	-113.85%	102.58%	159.35%	196.48%	105.47%	158.73%

This table displays calculated financial ratios and metrics derived from Huron Consulting Group's official financial filings.

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	26.38%	25.76%	8.97%	11.34%	7.36%	2.89%	14.09%	11.22%	8.07%	16.71%	10.68%
EBITDA Growth	50.89%	20.03%	-63.64%	8.03%	40.86%	19.57%	369.48%	18.82%	-33.11%	24.23%	2.18%
EBIT Growth	69.05%	27.45%	-77.47%	12.66%	47.25%	22.12%	743.15%	19.38%	-38.40%	20.90%	-1.34%
NOPAT Growth	51.12%	25.47%	156.56%	30.88%	52.34%	19.43%	-28.52%	83.28%	-25.09%	16.32%	3.99%
Net Income Growth	78.10%	21.28%	-83.42%	34.18%	51.68%	26.18%	1,100.18%	36.27%	-48.16%	12.05%	-9.81%
EPS Growth	92.42%	27.91%	-83.53%	39.71%	59.84%	33.64%	1,200.00%	40.00%	-46.31%	16.33%	-6.04%
Operating Cash Flow Growth	171.01%	54.70%	-11.86%	-41.94%	37.07%	23.89%	73.72%	18.28%	-25.34%	10.05%	-9.46%
Free Cash Flow Firm Growth	105.79%	121.15%	293.30%	-119.20%	-1,538.98%	-482.50%	-230.22%	121.22%	-42.95%	-197.15%	-406.62%
Invested Capital Growth	3.02%	1.77%	4.10%	12.53%	11.47%	9.34%	7.41%	1.92%	11.57%	19.10%	18.28%
Revenue Q/Q Growth	8.74%	3.54%	-4.75%	3.82%	4.85%	-0.77%	5.61%	1.21%	1.88%	7.17%	0.15%
EBITDA Q/Q Growth	76.14%	-9.49%	-70.28%	128.02%	129.68%	-23.17%	16.68%	-42.29%	29.29%	42.69%	-4.03%
EBIT Q/Q Growth	102.39%	-10.89%	-82.95%	266.42%	164.53%	-26.09%	17.69%	-48.12%	36.50%	45.06%	-3.95%
NOPAT Q/Q Growth	79.76%	-8.49%	86.28%	-57.29%	109.23%	-28.26%	11.49%	9.51%	-14.49%	11.40%	-0.33%
Net Income Q/Q Growth	84.16%	-12.93%	-86.84%	535.81%	108.16%	-27.57%	25.19%	-27.81%	-20.81%	56.56%	0.77%
EPS Q/Q Growth	86.76%	-13.39%	-87.27%	578.57%	113.68%	-27.59%	23.81%	-26.92%	-18.05%	56.88%	0.00%
Operating Cash Flow Q/Q Growth	184.93%	-12.08%	16.86%	-262.66%	182.02%	-20.53%	63.85%	-176.52%	174.93%	17.14%	34.81%
Free Cash Flow Firm Q/Q Growth	109.11%	218.54%	49.88%	-604.08%	40.21%	15.33%	48.98%	182.13%	-502.84%	-76.01%	13.01%
Invested Capital Q/Q Growth	-4.00%	-3.15%	-4.62%	26.88%	-4.90%	-5.00%	-6.30%	20.40%	4.11%	1.41%	-6.95%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	97.71%	97.42%	96.99%	97.91%	97.53%	97.85%	97.35%	97.91%	97.75%	97.98%	97.81%
EBITDA Margin	13.28%	11.60%	3.62%	7.95%	17.42%	13.49%	14.90%	8.50%	10.78%	14.35%	13.75%
Operating Margin	11.19%	10.16%	8.53%	5.48%	15.59%	11.23%	11.78%	8.10%	11.09%	11.33%	11.35%
EBIT Margin	11.49%	9.89%	1.77%	6.25%	15.76%	11.74%	13.08%	6.71%	8.98%	12.16%	11.66%
Profit (Net Income) Margin	6.96%	5.86%	0.81%	4.96%	9.84%	7.18%	8.51%	6.07%	4.72%	6.89%	6.94%
Tax Burden Percent	70.64%	68.75%	160.18%	102.54%	71.95%	72.24%	72.66%	114.38%	70.12%	71.33%	70.84%
Interest Burden Percent	85.79%	86.11%	28.54%	77.36%	86.75%	84.68%	89.56%	79.16%	74.91%	79.48%	83.97%
Effective Tax Rate	29.36%	31.25%	-60.18%	-2.54%	28.05%	27.76%	27.34%	-14.38%	29.88%	28.67%	29.16%
Return on Invested Capital (ROIC)	12.47%	11.97%	25.34%	8.76%	18.62%	14.15%	16.33%	14.69%	12.61%	13.86%	15.15%
ROIC Less NNEP Spread (ROIC-NNEP)	11.17%	10.27%	4.09%	8.16%	17.14%	13.00%	16.25%	12.06%	10.07%	12.70%	13.78%
Return on Net Nonoperating Assets (RNNOA)	5.10%	4.53%	1.60%	6.53%	11.55%	7.40%	7.45%	11.95%	10.20%	11.30%	9.03%
Return on Equity (ROE)	17.57%	16.50%	26.94%	15.28%	30.17%	21.54%	23.78%	26.64%	22.82%	25.16%	24.18%
Cash Return on Invested Capital (CROIC)	7.11%	9.26%	8.36%	-1.01%	2.09%	5.16%	8.88%	12.48%	2.52%	-3.23%	-1.35%
Operating Return on Assets (OROA)	12.22%	10.94%	2.01%	6.94%	17.84%	13.24%	15.28%	7.73%	10.20%	14.02%	13.81%
Return on Assets (ROA)	7.40%	6.48%	0.92%	5.50%	11.13%	8.10%	9.94%	7.00%	5.36%	7.95%	8.21%
Return on Common Equity (ROCE)	17.57%	16.50%	26.94%	15.28%	30.17%	21.54%	23.78%	26.64%	22.82%	25.16%	24.18%
Return on Equity Simple (ROE_SIMPLE)	13.23%	13.87%	0.00%	13.53%	15.95%	16.35%	0.00%	24.92%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	28	26	48	20	43	31	34	37	32	36	36
NOPAT Margin	7.91%	6.99%	13.66%	5.62%	11.22%	8.11%	8.56%	9.26%	7.78%	8.08%	8.04%
Net Nonoperating Expense Percent (NNEP)	1.30%	1.70%	21.25%	0.59%	1.48%	1.15%	0.08%	2.63%	2.55%	1.15%	1.37%
Return On Investment Capital (ROIC_SIMPLE)	-	-	5.58%	-	-	-	3.72%	3.50%	2.83%	3.22%	3.42%
Cost of Revenue to Revenue	2.29%	2.58%	3.01%	2.09%	2.47%	2.15%	2.65%	2.09%	2.25%	2.02%	2.19%
SG&A Expenses to Revenue	18.21%	17.51%	19.04%	20.44%	18.74%	18.61%	17.68%	18.96%	19.48%	18.42%	18.07%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	86.52%	87.25%	88.46%	92.43%	81.94%	86.62%	85.57%	89.81%	86.67%	86.65%	86.45%
Earnings before Interest and Taxes (EBIT)	41	36	6.20	23	60	44	52	27	37	54	52
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	47	43	13	29	66	51	59	34	44	63	61
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.96	3.58	3.62	3.66	3.54	3.70	3.93	5.13	4.99	5.08	5.64
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	1.26	1.45	1.38	1.26	1.21	1.31	1.45	1.62	1.49	1.53	1.75
Price to Earnings (P/E)	22.36	25.82	30.85	27.01	22.22	22.63	18.90	20.59	22.57	23.44	28.38
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	4.47%	3.87%	3.24%	3.70%	4.50%	4.42%	5.29%	4.86%	4.43%	4.27%	3.52%
Enterprise Value to Invested Capital (EV/IC)	2.30	2.77	2.81	2.35	2.37	2.60	2.99	3.05	2.83	2.94	3.51
Enterprise Value to Revenue (EV/Rev)	1.48	1.63	1.55	1.60	1.51	1.56	1.62	1.94	1.84	1.87	2.02
Enterprise Value to EBITDA (EV/EBITDA)	13.26	14.76	16.75	17.45	14.62	14.43	12.00	14.38	15.50	15.33	16.91
Enterprise Value to EBIT (EV/EBIT)	16.35	17.91	20.91	21.62	17.57	17.20	13.77	16.52	18.25	18.18	20.26
Enterprise Value to NOPAT (EV/NOPAT)	23.12	25.40	23.18	23.07	19.33	19.29	19.32	21.44	22.19	22.53	24.70
Enterprise Value to Operating Cash Flow (EV/OCF)	15.71	15.30	16.00	23.72	17.52	16.14	12.27	13.48	14.81	14.96	17.74
Enterprise Value to Free Cash Flow (EV/FCFF)	32.78	30.20	34.33	0.00	119.79	52.66	34.85	24.70	118.70	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.72	0.65	0.61	1.16	1.02	0.85	0.64	1.16	1.38	1.22	0.96
Long-Term Debt to Equity	0.72	0.65	0.61	1.13	0.99	0.82	0.61	1.14	1.35	1.18	0.93
Financial Leverage	0.46	0.44	0.39	0.80	0.67	0.57	0.46	0.99	1.01	0.89	0.65
Leverage Ratio	2.16	2.23	2.27	2.52	2.46	2.43	2.38	2.74	2.88	2.81	2.63
Compound Leverage Factor	1.85	1.92	0.65	1.95	2.13	2.05	2.13	2.17	2.16	2.23	2.21
Debt to Total Capital	41.73%	39.28%	37.81%	53.61%	50.48%	45.81%	38.85%	53.79%	58.04%	54.95%	49.09%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	1.29%	1.36%	1.43%	1.50%	1.29%	1.21%	1.80%	1.93%
Long-Term Debt to Total Capital	41.73%	39.28%	37.81%	52.32%	49.12%	44.39%	37.35%	52.50%	56.82%	53.15%	47.16%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	58.27%	60.72%	62.19%	46.39%	49.52%	54.19%	61.15%	46.21%	41.96%	45.05%	50.91%
Debt to EBITDA	2.74	2.37	2.51	4.36	3.39	2.78	1.73	2.72	3.47	3.02	2.51
Net Debt to EBITDA	1.95	1.67	1.83	3.66	2.84	2.26	1.29	2.37	2.96	2.73	2.21
Long-Term Debt to EBITDA	2.74	2.37	2.51	4.26	3.30	2.69	1.67	2.66	3.40	2.93	2.41
Debt to NOPAT	4.77	4.07	3.47	5.76	4.48	3.72	2.79	4.06	4.97	4.44	3.67
Net Debt to NOPAT	3.40	2.88	2.53	4.84	3.76	3.02	2.07	3.53	4.24	4.01	3.23
Long-Term Debt to NOPAT	4.77	4.07	3.47	5.62	4.36	3.60	2.68	3.96	4.87	4.30	3.53
Altman Z-Score	3.13	3.37	3.26	3.08	3.23	3.33	3.57	3.73	3.32	3.31	3.65
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.90	1.53	1.32	2.40	1.93	1.61	1.21	2.08	1.99	1.44	1.17
Quick Ratio	1.72	1.39	1.21	2.16	1.71	1.48	1.12	1.92	1.79	1.28	1.06
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	3.67	12	18	-88	-53	-45	-23	19	-75	-133	-115
Operating Cash Flow to CapEx	954.85%	862.69%	774.26%	-1,512.48%	1,204.19%	1,126.18%	1,935.33%	-1,275.55%	1,274.23%	1,109.14%	1,627.07%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.06	1.11	1.14	1.11	1.13	1.13	1.17	1.15	1.14	1.15	1.18
Accounts Receivable Turnover	4.34	4.23	4.35	4.05	4.20	3.97	4.28	4.06	4.24	4.25	4.59
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	51.12	55.79	56.14	58.89	62.48	66.03	67.03	68.38	73.99	76.29	75.27
Accounts Payable Turnover	0.00	0.00	3.02	3.04	3.81	3.54	3.31	2.17	3.48	3.73	3.04
Days Sales Outstanding (DSO)	84.09	86.36	83.90	90.09	86.87	91.90	85.29	89.93	86.04	85.87	79.46
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	120.76	120.14	95.90	103.03	110.44	168.23	104.77	97.83	120.12
Cash Conversion Cycle (CCC)	84.09	86.36	-36.86	-30.06	-9.03	-11.13	-25.15	-78.31	-18.74	-11.96	-40.66
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	833	807	769	976	928	882	826	995	1,036	1,050	977
Invested Capital Turnover	1.58	1.71	1.85	1.56	1.66	1.74	1.91	1.59	1.62	1.71	1.88
Increase / (Decrease) in Invested Capital	24	14	30	109	96	75	57	19	107	168	151
Enterprise Value (EV)	1,912	2,235	2,164	2,292	2,201	2,293	2,469	3,036	2,933	3,091	3,430
Market Capitalization	1,631	1,982	1,927	1,811	1,774	1,934	2,204	2,536	2,372	2,540	2,981
Book Value per Share	$28.71	$29.09	$28.42	$27.24	$27.80	$29.38	$31.64	$27.96	$27.54	$28.88	$30.66
Tangible Book Value per Share	($4.82)	($4.86)	($5.92)	($9.74)	($9.50)	($8.28)	($8.09)	($12.33)	($18.33)	($20.45)	($19.21)
Total Capital	947	911	857	1,068	1,011	965	918	1,070	1,132	1,109	1,038
Total Debt	395	358	324	573	510	442	357	575	657	610	510
Total Long-Term Debt	395	358	324	559	497	428	343	562	643	590	490
Net Debt	281	253	236	481	428	359	265	501	561	551	449
Capital Expenditures (CapEx)	8.19	7.97	10	8.64	8.90	7.57	7.21	8.38	6.28	8.45	7.77
Debt-free, Cash-free Net Working Capital (DFCFNWC)	163	131	86	258	206	162	62	219	196	141	61
Debt-free Net Working Capital (DFNWC)	180	141	98	277	224	180	84	242	257	165	85
Net Working Capital (NWC)	180	141	98	263	210	167	70	228	244	145	65
Net Nonoperating Expense (NNE)	3.34	4.16	45	2.42	5.26	3.51	0.20	13	13	5.25	4.89
Net Nonoperating Obligations (NNO)	281	253	236	481	428	359	265	501	561	551	449
Total Depreciation and Amortization (D&A)	6.33	6.30	6.48	6.20	6.32	6.61	7.26	7.24	7.40	9.69	9.25
Debt-free, Cash-free Net Working Capital to Revenue	12.62%	9.59%	6.13%	17.97%	14.08%	10.99%	4.08%	14.01%	12.32%	8.52%	3.57%
Debt-free Net Working Capital to Revenue	13.90%	10.27%	7.00%	19.27%	15.29%	12.24%	5.52%	15.50%	16.15%	9.96%	5.01%
Net Working Capital to Revenue	13.90%	10.27%	7.00%	18.31%	14.35%	11.31%	4.62%	14.62%	15.29%	8.75%	3.83%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.30	$1.15	$0.17	$0.99	$2.10	$1.53	$1.90	$1.38	$1.12	$1.75	$1.77
Adjusted Weighted Average Basic Shares Outstanding	18.94M	18.77M	18.83M	18.20M	17.89M	17.75M	17.89M	17.82M	17.32M	17.34M	17.45M
Adjusted Diluted Earnings per Share	$1.27	$1.10	$0.14	$0.95	$2.03	$1.47	$1.82	$1.33	$1.09	$1.71	$1.71
Adjusted Weighted Average Diluted Shares Outstanding	19.49M	19.48M	19.60M	18.94M	18.45M	18.47M	18.61M	18.48M	17.77M	17.79M	17.99M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	19.02M	18.75M	18.20M	18.01M	17.79M	17.74M	17.68M	17.25M	17.31M	17.24M	16.92M
Normalized Net Operating Profit after Tax (NOPAT)	29	29	22	16	44	33	36	24	32	38	38
Normalized NOPAT Margin	8.24%	8.00%	6.40%	4.29%	11.61%	8.71%	8.99%	5.90%	7.87%	8.65%	8.64%
Pre Tax Income Margin	9.86%	8.52%	0.51%	4.83%	13.67%	9.94%	11.72%	5.31%	6.73%	9.66%	9.79%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	175.88%	148.33%	196.48%	206.69%	199.98%	161.95%	105.47%	103.38%	152.34%	158.29%	158.73%

Financials Breakdown Chart

Key Financial Trends

Huron Consulting Group (HURN) reported a solid Q4 2025, continuing a pattern of revenue growth and high margins. The company posted operating revenue of $441.963 million in Q4 2025, up from $399.314 million in Q4 2024, signaling meaningful top-line expansion over the last four years.

Gross margin remained exceptionally strong, reflecting the nature of HURN’s professional services model. In Q4 2025, total gross profit was $432.280 million on $441.963 million of revenue, implying a margin near 98%. This high margin level is consistent with prior periods and indicates the firm’s ability to convert almost all billable activity into gross profit.

Net profitability per share showed strength in the latest quarter. Q4 2025 delivered net income attributable to common shareholders of $30.654 million with a diluted earnings per share of $1.71. The company also maintained a steady earnings trajectory across recent quarters, suggesting ongoing profitability at the per-share level.

Cash flow from operations remained robust, with Q4 2025 generating $126.407 million in net cash from continuing operating activities. This aligns with a broader trend of positive cash generation in the latter part of 2025 (Q3 2025: $93.767 million; Q2 2025: $80.047 million), even as earlier quarters showed more volatility. This cash generation supports the company's ability to fund ongoing operations and investments.

Across the balance sheet, HURN shows a stable but growing asset base, with total assets around $1.54 billion in Q3 2025 and total equity near $500 million. Goodwill has risen in recent years (approximately $782 million by Q3 2025), reflecting acquisitions. Long-term debt has been elevated but relatively stable (roughly $560–$643 million during 2025), indicating leverage that investors may want to watch as growth continues. Cash balances have fluctuated quarter to quarter, signaling variable liquidity along with the business cycle.

Revenue growth persists: Q4 2025 operating revenue of $441.963M vs Q4 2024 $399.314M, about an 11% year-over-year increase.
Gross margins remain near the high-90s: Q4 2025 gross profit of $432.28M on $441.963M revenue (approx. 98% margin).
Solid quarterly earnings per share: Q4 2025 net income to common shareholders $30.654M and diluted EPS $1.71.
Operating cash flow strength in late 2025: Q4 2025 net cash from continuing operating activities $126.407M (up from earlier 2025 quarters).
Goodwill continues to grow due to acquisitions: Goodwill around $781.8M–$782M in 2025, indicating ongoing expansion activities.
Amortization expense remains very large: Q4 2025 amortization expense about $286.6M, reflecting acquisition-related intangibles (a non-cash charge embedded in operating expenses).
Debt levels are elevated but stable: Long-term debt generally in the $560M–$644M range in 2025—consistent but a point for monitoring.
Cash flow from financing often negative: Net cash from financing activities frequently negative in several quarters (e.g., Q1 2025: -$99.1M; Q3 2025: -$67.6M; Q4 2025: -$113.3M).
Near-term operating cash flow volatility: Q1 2025 saw negative net cash from continuing operating activities (-$106.8M), indicating quarterly cash-flow variability.
Overall liability load remains meaningful: Total liabilities around $1.0B in 2025 with substantial long-term debt, suggesting leverage that could impact risk if growth slows.

05/05/26 07:33 PM ETAI Generated. May Contain Errors.

Frequently Asked Questions About Huron Consulting Group's Financials

When does Huron Consulting Group's financial year end?

According to the most recent income statement we have on file, Huron Consulting Group's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

How has Huron Consulting Group's net income changed over the last 10 years?

Huron Consulting Group's net income appears to be on an upward trend, with a most recent value of $105.04 million in 2025, rising from $59.05 million in 2015. The previous period was $116.63 million in 2024. Check out Huron Consulting Group's forecast to explore projected trends and price targets.

What is Huron Consulting Group's operating income?

Huron Consulting Group's total operating income in 2025 was $178.57 million, based on the following breakdown:

Total Gross Profit: $1.66 billion
Total Operating Expenses: $1.48 billion

How has Huron Consulting Group's revenue changed over the last 10 years?

Over the last 10 years, Huron Consulting Group's total revenue changed from $769.02 million in 2015 to $1.70 billion in 2025, a change of 120.9%.

How much debt does Huron Consulting Group have?

Huron Consulting Group's total liabilities were at $998.05 million at the end of 2025, a 27.6% increase from 2024, and a 96.8% increase since 2015.

How much cash does Huron Consulting Group have?

In the past 10 years, Huron Consulting Group's cash and equivalents has ranged from $11.60 million in 2019 to $67.18 million in 2020, and is currently $24.51 million as of their latest financial filing in 2025.

How has Huron Consulting Group's book value per share changed over the last 10 years?

Over the last 10 years, Huron Consulting Group's book value per share changed from 28.44 in 2015 to 30.66 in 2025, a change of 7.8%.

Related Companies

Financial statements for NASDAQ:HURN last updated on 2/27/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Huron Consulting Group (HURN) Financials

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Huron Consulting Group (HURN) Financials

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