Huron Consulting Group
HURN on Nasdaq. Huron sells consulting services to healthcare, education, and other organizations. Market value $2.5bn.
Price checks use the past 12 months to June 2026. Quality checks use five annual reports, the latest for the year to December 2025.
Should I look at this?
Worth a closer look
Why it could be worth it
What to watch out for
Nothing stood out in the numbers we check.
This is not advice. Check the numbers below.
For every $100 of what the whole company costs, it produced $5.54 of spare cash in the past 12 months. A savings account pays about $4.
You pay 17.9 years of operating profit for the business. The average large US company costs around 18.
Each dollar kept in the business earns 12 cents a year. Above 10 is good.
Quality score: 87 of 100. Price score: 78 of 100. Our list needs 70 on quality and 60 on price.
$160.10 a share, 89% above its 1-year low
Over the past year the price has ranged from $84.88 to $186.78.
Pays no dividend
Prices from Monday’s close (5 October).
Five years of cash, in billions
| Revenue | |||||
| Revenue | $927m | $1.2bn | $1.4bn | $1.5bn | $1.7bn |
| Operating margin | |||||
| Operating margin | 5.7% | 8.6% | 9.0% | 11.1% | 10.5% |
| Debt to equity | |||||
| Debt to equity | 0.41 | 0.53 | 0.61 | 0.64 | 0.96 |
| Shares outstanding | |||||
| Shares outstanding | 0.02bn | 0.02bn | 0.02bn | 0.02bn | 0.02bn |
Health checks
- Free cash flow positive5 of 5 years
- Accounting looks honest (Beneish)Nothing unusual
- Financial strength (Piotroski)5 of 8 checks we could run
- Profit backed by cash (accruals)Yes
- Debt0.96× equity
- Revenue growth, five yearsStrong, 14.3% a year
- Buying back its own sharesYes, 19% fewer since 2021
The quarter to June 2026
How the business did, compared with the same quarter a year earlier.
- Sales: $475 million last quarter, up 15% on a year ago.
- Profit: $31 million, up 61% on a year ago.
- It keeps 10 cents of each $1 of sales as operating profit, down from 11 cents a year earlier.
- Spare cash over the past 12 months: $141 million, down from $168 million.
- 8% fewer shares than a year ago. Each share owns a bit more of the company.
- Debt is $802 million more than cash, up from $596 million a year ago.
- Sales grew on a year ago in each of the last 4 quarters.
| Quarter to | Amount |
|---|---|
| September 2024 | $378m |
| December 2024 | $399m |
| March 2025 | $404m |
| June 2025 | $412m |
| September 2025 | $441m |
| December 2025 | $442m |
| March 2026 | $452m |
| June 2026 | $475m |
| Quarter to | Amount |
|---|---|
| September 2024 | $27m |
| December 2024 | $34m |
| March 2025 | $25m |
| June 2025 | $19m |
| September 2025 | $30m |
| December 2025 | $31m |
| March 2026 | $23m |
| June 2026 | $31m |
From the company's quarterly reports to the SEC.
Dates
- Next results (estimated)
- n/a
- Last annual report (10-K)
- 24 February 2026
- Next quarterly (estimated, 10-Q)
- 27 October 2026
Who owns it
2 long-term investors we follow own it, down from 4 last quarter. 242 funds in all.
- Boston PartnersBoston Partners team
- Value
- $73m
- Share of fund
- <0.1%
| Fund | Value | Share of that fund | Change |
|---|---|---|---|
| Fiduciary Management (FMI)Pat English | $117m | 1.7% | Added |
| Boston PartnersBoston Partners team | $73m | <0.1% |
Sold out this quarter
Largest holders overall
- BlackRock$125mAdded
- Fiduciary Management (FMI)$117mAdded
- Boston Partners$73m
- UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS$66mCut
- Vanguard Portfolio Management$64mCut
- Vanguard Capital Management$62mCut
- Dimensional Fund Advisors LP$61mAdded
- Franklin Resources$57m
- Principal Financial Group$55mAdded
- BloombergSen$45mAdded
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
2 investors own more than 5%.
- Fiduciary Management (FMI)Passive investor5.5%Since 31 March 2026
- Vanguard Capital ManagementPassive investor5.2%Since 31 March 2026
- Dimensional Fund Advisors LPPassive investorSold down below 5%Since 31 March 2025
- The Vanguard GroupPassive investorSold down below 5%Since 13 March 2026
| Holder | Stake | Since | |
|---|---|---|---|
Fiduciary Management (FMI) Passive investor | 5.5% | 31 March 2026 | |
Vanguard Capital Management Passive investor | 5.2% | 31 March 2026 | |
Dimensional Fund Advisors LP Passive investor | Sold down below 5% | 31 March 2025 | |
The Vanguard Group Passive investor | Sold down below 5% | 13 March 2026 |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
No insider bought shares on the open market in the last 12 months. 9 sold $9m, $8m of it under preset trading plans.
- Zumwalt DebraDirectorSoldunder a preset trading plan
- Date
- 14 August 2026
- Shares
- 82
- Price
- $156.56
- Value
- $12,838
- SAWYER HUGH E IIIDirectorSold
- Date
- 11 August 2026
- Shares
- 2,000
- Price
- $154.25
- Value
- $308,500
- Featherstone KyleChief Acct Officer, ControllerSold
- Date
- 31 July 2026
- Shares
- 459
- Price
- $152.67
- Value
- $70,076
- Hussey C. MarkCEO and President, DirectorSoldunder a preset trading plan
- Date
- 29 July 2026
- Shares
- 24,072
- Price
- $165.59
- Value
- $4m
- Brown JoyDirectorSold
- Date
- 22 May 2026
- Shares
- 1,821
- Price
- $105.01
- Value
- $191,230
- Singh-Bushell EktaDirectorSoldunder a preset trading plan
- Date
- 11 May 2026
- Shares
- 443
- Price
- $118.44
- Value
- $52,469
- Zumwalt DebraDirectorSoldunder a preset trading plan
- Date
- 11 May 2026
- Shares
- 598
- Price
- $118.44
- Value
- $70,827
- MCCARTNEY JOHNDirectorSoldunder a preset trading plan
- Date
- 1 May 2026
- Shares
- 500
- Price
- $132.04
- Value
- $66,020
- Singh-Bushell EktaDirectorSoldunder a preset trading plan
- Date
- 2 April 2026
- Shares
- 126
- Price
- $126.93
- Value
- $15,993
- Zumwalt DebraDirectorSoldunder a preset trading plan
- Date
- 2 April 2026
- Shares
- 170
- Price
- $126.93
- Value
- $21,578
| Date | Who | Did | Shares | Price | Value |
|---|---|---|---|---|---|
| 14 August 2026 | Zumwalt Debra Director | Sold under a preset trading plan | 82 | $156.56 | $12,838 |
| 11 August 2026 | SAWYER HUGH E III Director | Sold | 2,000 | $154.25 | $308,500 |
| 31 July 2026 | Featherstone Kyle Chief Acct Officer, Controller | Sold | 459 | $152.67 | $70,076 |
| 29 July 2026 | Hussey C. Mark CEO and President, Director | Sold under a preset trading plan | 24,072 | $165.59 | $4m |
| 22 May 2026 | Brown Joy Director | Sold | 1,821 | $105.01 | $191,230 |
| 11 May 2026 | Singh-Bushell Ekta Director | Sold under a preset trading plan | 443 | $118.44 | $52,469 |
| 11 May 2026 | Zumwalt Debra Director | Sold under a preset trading plan | 598 | $118.44 | $70,827 |
| 1 May 2026 | MCCARTNEY JOHN Director | Sold under a preset trading plan | 500 | $132.04 | $66,020 |
| 2 April 2026 | Singh-Bushell Ekta Director | Sold under a preset trading plan | 126 | $126.93 | $15,993 |
| 2 April 2026 | Zumwalt Debra Director | Sold under a preset trading plan | 170 | $126.93 | $21,578 |
From Form 4 filings: insiders must report trades in their own company's shares within two days.
Warning signs in its filings
Problems the company itself reported to the SEC, in its own words.
None of the warning signs we check for were found.
We look for five warning signs: doubt it can keep going, weak checks on its own accounts, a notice that its past accounts can't be relied on, a change of auditor, and one customer bringing in a big share of sales. We don't check lawsuits, investigations or debt yet.
We checked the auditor's report, internal controls, restatement notices, auditor changes and big customers in the 10-K filed 24 Feb 2026, plus the 10-Q filed 28 Jul 2026 and 5 later 8-Ks.
A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.
What could go wrong
Cheap for a reason is the question the numbers cannot answer.
Whether the price already reflects the risks is what the deep dive is for.
What changed in the risks this year
Companies must list what could hurt them each year. These are the parts that changed since last year’s report.
Our international operations could result in additional risks.
Could happen• employment laws, including immigration laws affecting the mobility of employees, and related social and cultural factors, including geopolitical factors affecting labor mobility;
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.