Huron Consulting (HURN)
Market Price (7/2/2026): $96.24 | Market Cap: $1.6 BilSector: Industrials | Industry: Research & Consulting Services
Huron Consulting (HURN)
Market Price (7/2/2026): $96.24Market Cap: $1.6 BilSector: IndustrialsIndustry: Research & Consulting Services
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.3%, FCF Yield is 6.3% Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -47% Low stock price volatilityVol 12M is 43% Megatrend and thematic driversMegatrends include Digital Health & Telemedicine, Cloud Computing, and Cybersecurity. Themes include Health Data Analytics, Show more. | Weak multi-year price returns2Y Excs Rtn is -38%, 3Y Excs Rtn is -58% | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 53% Key risksHURN key risks include [1] poor integration and returns from its acquisition-heavy growth strategy and [2] overexposure to regulatory and economic shifts due to significant client concentration in the healthcare and education sectors. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.3%, FCF Yield is 6.3% |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -47% |
| Low stock price volatilityVol 12M is 43% |
| Megatrend and thematic driversMegatrends include Digital Health & Telemedicine, Cloud Computing, and Cybersecurity. Themes include Health Data Analytics, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -38%, 3Y Excs Rtn is -58% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 53% |
| Key risksHURN key risks include [1] poor integration and returns from its acquisition-heavy growth strategy and [2] overexposure to regulatory and economic shifts due to significant client concentration in the healthcare and education sectors. |
Qualitative Assessment
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Huron Consulting (HURN) stock has lost about 25% since 3/31/2026 because of the following key factors:
1. Negative Market Reaction Despite Strong Fiscal Q1 2026 Results.
Huron Consulting Group reported robust fiscal Q1 2026 results on May 5, 2026, with adjusted diluted earnings per share reaching $1.73, surpassing the consensus estimate of $1.58 by $0.15. Quarterly revenue also increased by 12.1% year-over-year to $451.77 million, exceeding analysts' expectations of $437.12 million. Despite these strong beats and the affirmation of full-year 2026 guidance, the stock experienced a significant decline of approximately 14.73% following the earnings announcement, indicating investor concerns that extended beyond the reported financial performance.
2. Analyst Downgrades and Price Target Reductions.
During the period, several analyst firms adjusted their ratings and price targets for Huron Consulting. Notably, Truist Financial lowered its price target to $155 from $240 in a research report on June 9, 2026. Additionally, Weiss Ratings downgraded Huron from a "hold (c+)" rating to a "hold (c)" rating, and Wall Street Zen reduced its rating from "buy" to "hold" on May 12, 2026. These revised outlooks from financial analysts likely contributed to negative investor sentiment and selling pressure on the stock.
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Huron Consulting (HURN) stock has lost about 25% since 3/31/2026 because of the following key factors:
1. Negative Market Reaction Despite Strong Fiscal Q1 2026 Results.
Huron Consulting Group reported robust fiscal Q1 2026 results on May 5, 2026, with adjusted diluted earnings per share reaching $1.73, surpassing the consensus estimate of $1.58 by $0.15. Quarterly revenue also increased by 12.1% year-over-year to $451.77 million, exceeding analysts' expectations of $437.12 million. Despite these strong beats and the affirmation of full-year 2026 guidance, the stock experienced a significant decline of approximately 14.73% following the earnings announcement, indicating investor concerns that extended beyond the reported financial performance.
2. Analyst Downgrades and Price Target Reductions.
During the period, several analyst firms adjusted their ratings and price targets for Huron Consulting. Notably, Truist Financial lowered its price target to $155 from $240 in a research report on June 9, 2026. Additionally, Weiss Ratings downgraded Huron from a "hold (c+)" rating to a "hold (c)" rating, and Wall Street Zen reduced its rating from "buy" to "hold" on May 12, 2026. These revised outlooks from financial analysts likely contributed to negative investor sentiment and selling pressure on the stock.
3. Broader Consulting Industry Headwinds and Shifting Client Expectations.
The professional services sector, including consulting firms like Huron, has encountered macroeconomic headwinds. These include uncertainty in corporate spending on consulting engagements and tighter client budgets, influenced by ongoing adjustments to interest rate expectations and their potential impact on business investment decisions. Furthermore, the consulting industry is undergoing a shift where clients increasingly demand execution-focused, outcome-based engagements, moving away from traditional advisory services. There is also an expectation that artificial intelligence will commoditize general consulting knowledge, emphasizing the need for firms to provide measurable outcomes and accountability.
4. Stock Reaching 52-Week Lows and Valuation Concerns.
Huron Consulting's stock price demonstrated significant technical weakness, hitting a new 52-week low of $98.79 during trading on June 18, 2026, and closing at $97.44 that day. By July 1, 2026, the stock was trading around $90.16. The stock's trailing price-to-earnings (P/E) ratio of 15.4x is notably below its 5-year median P/E of 24.3x, suggesting that the market is valuing the stock at a discount compared to its historical average. This indicates a reassessment of its intrinsic value by investors amidst the prevailing market conditions.
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Stock Movement Drivers
Fundamental Drivers
The -24.4% change in HURN stock from 3/31/2026 to 7/1/2026 was primarily driven by a -24.9% change in the company's P/E Multiple.| (LTM values as of) | 3312026 | 7012026 | Change |
|---|---|---|---|
| Stock Price ($) | 127.49 | 96.38 | -24.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,699 | 1,747 | 2.8% |
| Net Income Margin (%) | 6.2% | 5.9% | -3.9% |
| P/E Multiple | 21.0 | 15.8 | -24.9% |
| Shares Outstanding (Mil) | 17 | 17 | 1.9% |
| Cumulative Contribution | -24.4% |
Market Drivers
3/31/2026 to 7/1/2026| Return | Correlation | |
|---|---|---|
| HURN | -24.4% | |
| Market (SPY) | 14.7% | -30.3% |
| Sector (XLI) | 13.4% | -41.3% |
Fundamental Drivers
The -44.3% change in HURN stock from 12/31/2025 to 7/1/2026 was primarily driven by a -43.0% change in the company's P/E Multiple.| (LTM values as of) | 12312025 | 7012026 | Change |
|---|---|---|---|
| Stock Price ($) | 172.91 | 96.38 | -44.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,656 | 1,747 | 5.4% |
| Net Income Margin (%) | 6.5% | 5.9% | -9.2% |
| P/E Multiple | 27.7 | 15.8 | -43.0% |
| Shares Outstanding (Mil) | 17 | 17 | 2.1% |
| Cumulative Contribution | -44.3% |
Market Drivers
12/31/2025 to 7/1/2026| Return | Correlation | |
|---|---|---|
| HURN | -44.3% | |
| Market (SPY) | 9.7% | -11.9% |
| Sector (XLI) | 18.5% | -22.4% |
Fundamental Drivers
The -29.9% change in HURN stock from 6/30/2025 to 7/1/2026 was primarily driven by a -24.6% change in the company's Net Income Margin (%).| (LTM values as of) | 6302025 | 7012026 | Change |
|---|---|---|---|
| Stock Price ($) | 137.54 | 96.38 | -29.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,563 | 1,747 | 11.8% |
| Net Income Margin (%) | 7.9% | 5.9% | -24.6% |
| P/E Multiple | 19.9 | 15.8 | -20.7% |
| Shares Outstanding (Mil) | 18 | 17 | 4.9% |
| Cumulative Contribution | -29.9% |
Market Drivers
6/30/2025 to 7/1/2026| Return | Correlation | |
|---|---|---|
| HURN | -29.9% | |
| Market (SPY) | 21.7% | 3.8% |
| Sector (XLI) | 25.6% | -5.4% |
Fundamental Drivers
The 13.5% change in HURN stock from 6/30/2023 to 7/1/2026 was primarily driven by a 43.1% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 6302023 | 7012026 | Change |
|---|---|---|---|
| Stock Price ($) | 84.91 | 96.38 | 13.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,221 | 1,747 | 43.1% |
| Net Income Margin (%) | 5.1% | 5.9% | 16.7% |
| P/E Multiple | 26.1 | 15.8 | -39.6% |
| Shares Outstanding (Mil) | 19 | 17 | 12.6% |
| Cumulative Contribution | 13.5% |
Market Drivers
6/30/2023 to 7/1/2026| Return | Correlation | |
|---|---|---|
| HURN | 13.5% | |
| Market (SPY) | 74.2% | 22.5% |
| Sector (XLI) | 78.0% | 19.7% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| HURN Return | -15% | 45% | 42% | 21% | 39% | -48% | 53% |
| Peers Return | 51% | 11% | 18% | 29% | -21% | -27% | 47% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 10% | 100% |
Monthly Win Rates [3] | |||||||
| HURN Win Rate | 33% | 58% | 67% | 58% | 67% | 17% | |
| Peers Win Rate | 68% | 50% | 60% | 57% | 40% | 30% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| HURN Max Drawdown | -27% | -14% | -17% | -21% | -21% | -51% | |
| Peers Max Drawdown | -14% | -21% | -19% | -22% | -36% | -42% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: FCN, CBZ, ICFI, CRAI, HCKT.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 7/1/2026 (YTD)
How Low Can It Go
| Event | HURN | S&P 500 |
|---|---|---|
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -14.1% | -24.5% |
| % Gain to Breakeven | 16.4% | 32.4% |
| Time to Breakeven | 71 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -43.8% | -33.7% |
| % Gain to Breakeven | 77.8% | 50.9% |
| Time to Breakeven | 879 days | 140 days |
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -32.8% | -3.7% |
| % Gain to Breakeven | 48.8% | 3.9% |
| Time to Breakeven | 861 days | 6 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -39.8% | -12.2% |
| % Gain to Breakeven | 66.1% | 13.9% |
| Time to Breakeven | 2564 days | 62 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -24.4% | -6.8% |
| % Gain to Breakeven | 32.3% | 7.3% |
| Time to Breakeven | 234 days | 15 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -11.7% | -17.9% |
| % Gain to Breakeven | 13.2% | 21.8% |
| Time to Breakeven | 19 days | 123 days |
In The Past
Huron Consulting's stock fell -5.7% during the 2025 US Tariff Shock. Such a loss loss requires a 6.0% gain to breakeven.
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| Event | HURN | S&P 500 |
|---|---|---|
| 2020 COVID-19 Crash | ||
| % Loss | -43.8% | -33.7% |
| % Gain to Breakeven | 77.8% | 50.9% |
| Time to Breakeven | 879 days | 140 days |
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -32.8% | -3.7% |
| % Gain to Breakeven | 48.8% | 3.9% |
| Time to Breakeven | 861 days | 6 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -39.8% | -12.2% |
| % Gain to Breakeven | 66.1% | 13.9% |
| Time to Breakeven | 2564 days | 62 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -24.4% | -6.8% |
| % Gain to Breakeven | 32.3% | 7.3% |
| Time to Breakeven | 234 days | 15 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -52.7% | -53.4% |
| % Gain to Breakeven | 111.5% | 114.4% |
| Time to Breakeven | 5146 days | 1085 days |
In The Past
Huron Consulting's stock fell -5.7% during the 2025 US Tariff Shock. Such a loss loss requires a 6.0% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Huron Consulting (HURN)
Huron Consulting Group Inc. (HURN) is a professional services firm that delivers a range of consultancy services to clients both in the United States and internationally. The company operates through three distinct segments: Healthcare, Business Advisory, and Education, allowing it to provide specialized expertise across various sectors.
Huron's primary services revolve around financial and operational improvement, organizational transformation, and the deployment of digital, technology, and analytic solutions. For its Healthcare segment, the company offers advisory services, care transformation, and revenue cycle managed services to a broad client base including national hospitals, integrated health systems, and health plans. The Education segment provides similar advisory and technology solutions, specifically assisting public and private colleges, universities, and research institutes with research enterprise and student lifecycle management.
The Business Advisory segment extends its expertise to a diverse array of industries, including life sciences, financial services, energy, manufacturing, and public sectors. This segment offers cloud-based technology implementation, advanced analytics, restructuring services, and capital advisory solutions. Essentially, Huron Consulting helps a wide spectrum of organizations improve efficiency, leverage technology, and navigate complex operational and strategic challenges to achieve their objectives.
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Huron is like Accenture or Deloitte, but primarily focused on advising healthcare systems, universities, and other businesses on improving their operations and technology.
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- Advisory Services: Provides strategic guidance and expert advice on financial and operational improvements, care transformation, restructuring, capital management, research enterprises, and student lifecycle management.
- Technology and Analytics Solutions: Delivers digital, cloud-based technology, and advanced analytics implementations and strategies across various sectors.
- Organizational Transformation: Assists organizations in adapting to change by improving structure, processes, and overall performance.
- Revenue Cycle Managed Services: Offers ongoing management of financial processes related to patient service revenue for healthcare providers.
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Huron Consulting (HURN) primarily provides services to other organizations and institutions, rather than directly to individuals. Based on the description, its major customers fall into the following categories:
- Healthcare Organizations: This includes a wide range of entities such as national and regional hospitals, integrated health systems, academic medical centers, community hospitals, medical groups, and health plans.
- Educational Institutions: This segment serves public and private colleges and universities, academic medical centers, research institutes, and other not-for-profit organizations.
- Diverse Industries and Public Sectors: Through its Business Advisory segment, Huron also serves customers in life science, financial, energy and utilities, and industrials and manufacturing industries, as well as various public sector entities.
The provided background information does not name specific customer companies or their public symbols.
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C. Mark Hussey, Chief Executive Officer and President
Mark Hussey was appointed CEO of Huron in January 2023 and President in February 2019. He joined Huron in 2011, having previously served as Chief Operating Officer from 2014 to 2022, interim Healthcare segment leader from 2017 to 2019, and Chief Financial Officer from 2011 to 2017. Before joining Huron, Mr. Hussey was the Chief Financial Officer for CrossCom National, LLC from 2002 to 2011, an IT services organization. He also served as Executive Vice President and Chief Financial Officer, North America, at Information Resources, Inc. from 2000 to 2002, and held senior finance and accounting positions at EZLinks Golf, Inc., Dominick's Finer Foods, Inc., Acme Metals, Inc., and The Quaker Oats Company.
John Kelly, Chief Financial Officer and Treasurer
John Kelly serves as Huron's Chief Financial Officer, Treasurer, and Executive Vice President. In this role, he is responsible for the company's financial operations and strategies.
Ronnie Dail, Chief Operating Officer
Ronnie Dail holds the position of Chief Operating Officer at Huron. He brings nearly 30 years of experience in healthcare consulting, having worked with numerous leading payers and providers in the industry.
Hope Katz, Executive Vice President, General Counsel, and Corporate Secretary
Hope Katz is the Executive Vice President, General Counsel, and Corporate Secretary for Huron. She is responsible for leading Huron's legal, compliance, and corporate governance functions.
Dean Hamilton, Chief Technology Officer
Dean Hamilton serves as the Chief Technology Officer at Huron.
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Huron Consulting Group Inc. (HURN) faces several key risks, primarily stemming from its business model as a professional services firm heavily concentrated in specific sectors.
- Dependence on Key Client Segments and Regulatory/Market Headwinds: A significant portion of Huron's revenue is derived from its Healthcare (approximately 50-51%) and Education (approximately 30-32%) segments. This concentration exposes the company to financial fragility among its clients in these sectors, particularly healthcare providers facing margin pressures. Changes in regulatory landscapes, such as shifts in Medicaid funding or education policies, can create uncertainty, delay high-value consulting engagements, or impact client demand for services.
- Human Capital and Talent Retention Risks: As a professional services firm, Huron's success is highly dependent on its ability to attract, retain, and effectively deploy skilled professionals and senior management. The competitive market for talent can lead to increased compensation costs, which may compress profit margins if the firm cannot maintain high utilization rates. The inability to retain key personnel could adversely affect business prospects and client relationships.
- Technological Risks: The rapid evolution of artificial intelligence (AI) and other digital technologies presents both opportunities and risks for Huron. There is a risk of obsolescence if Huron's service offerings do not continuously adapt and evolve with technological advancements, requiring ongoing and substantial investment. Furthermore, the increasing reliance on technology introduces risks related to security breaches and system failures, which could disrupt operations and damage the company's reputation. The emerging and evolving legal and regulatory landscape surrounding AI also presents compliance and potential litigation risks.
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Addressable Markets for Huron Consulting Group Inc. (HURN)
Healthcare Segment
- The addressable market for Healthcare Consulting in the U.S. was estimated at $18.4 billion in 2025.
- Globally, the healthcare consulting services market was valued at approximately $32.08 billion in 2025.
Education Segment
- The addressable market for Education Consultants in the U.S. was approximately $3.4 billion in 2025.
- The global education consulting market was projected to be $4.04 billion in 2025 and is expected to reach $4.43 billion in 2026.
Business Advisory Segment
This segment encompasses various services, and their addressable markets are:- Overall Business Advisory/Management Consulting: The global Business Advisory Services Market was valued at approximately USD 30.2 billion in 2024. The U.S. management consulting market was valued at $407.9 billion in 2025.
- Cloud-based Technology Consulting: The United States cloud professional services market was valued at USD 8.4 billion in 2025. The U.S. digital services consulting market reached USD 48.19 billion in 2024.
- Analytics Consulting (Big Data Consulting): The global Big Data Consulting Market was estimated at USD 7.38 billion in 2025. In the United States, the Big Data Consulting Market generated USD 5,201 million in 2023 and is projected to reach USD 11,324 million by 2030.
- Restructuring Advisory: The global corporate restructuring advisory market was valued at approximately US$ 24.1 billion in 2023. The U.S. corporate restructuring market was US$ 8.4 billion in 2022.
- Capital Advisory (part of Financial Advisory): The global financial advisory services market was estimated to be USD 109.21 billion in 2025. The U.S. Financial Advisory Services Market was USD 28.81 billion in 2025.
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- Sustained Growth in Core Healthcare and Education Segments: Huron Consulting maintains leading market positions in its Healthcare and Education segments and is focused on strengthening its competitive advantage and sustaining accelerated growth within these areas. Strong demand for its diverse offerings, including financial and operational improvement, care transformation, and digital solutions, is expected to continue driving revenue.
- Expansion in Commercial Industries: The company plans to grow its Business Advisory segment by further diversifying its portfolio and expanding into commercial industries. This strategic focus aims to open new avenues for growth and provide an important balance to its established healthcare and education focus.
- Investment in and Expansion of Digital and Technology Solutions: Huron is advancing its integrated digital platform and investing in emerging technologies, including automation, analytics, and Artificial Intelligence (AI). These technology-driven solutions are integral to supporting client needs and are expected to be a significant contributor to future revenue growth.
- Strategic Acquisitions and Inorganic Growth: Huron is committed to a programmatic inorganic strategy, actively pursuing strategic acquisitions to enhance its service portfolio and expand its market reach. Recent acquisitions, such as AXIA and Wilson Perumal & Company, demonstrate this approach to bolster growth.
- Adoption of an Outcome-Based Model: Analysts view Huron's outcome-based model as a key driver for aligning the company's fees with client results. This model is anticipated to support both revenue visibility and potential for growth.
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Share Repurchases
- Huron returned $166.2 million to shareholders in 2025 through the repurchase of 1,166,077 shares of its common stock, representing 6.6% of the company's common stock outstanding as of December 31, 2024.
- The board of directors authorized an increase to the company's share repurchase program from $700 million to $900 million on February 19, 2026.
- In 2024, Huron returned $122 million to shareholders via share repurchases.
Outbound Investments
- Huron utilized $112 million for strategic tuck-in acquisitions during 2025.
- Acquisitions completed since the fourth quarter of 2024 contributed $86.0 million of incremental revenues before reimbursable expenses for the full year 2025.
- Huron divested its Studer Education business at the end of 2024, which had generated $13.7 million of revenue in 2024.
Capital Expenditures
- Capital expenditures are projected to be approximately $30 million to $40 million for the full year 2026, including costs for developing market-facing products and analytical tools.
- For the year ended December 31, 2024, capital expenditures amounted to $32.6 million.
- Capital expenditures in 2021 included $10.9 million for purchases of property and equipment and $4.9 million for internally developed software.
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 84.41 |
| Mkt Cap | 1.5 |
| Rev LTM | 1,785 |
| Op Inc LTM | 166 |
| FCF LTM | 127 |
| FCF 3Y Avg | 129 |
| CFO LTM | 155 |
| CFO 3Y Avg | 157 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 8.1% |
| Rev Chg 3Y Avg | 8.4% |
| Rev Chg Q | 5.4% |
| QoQ Delta Rev Chg LTM | 1.3% |
| Op Inc Chg LTM | -0.6% |
| Op Inc Chg 3Y Avg | 9.9% |
| Op Mgn LTM | 10.0% |
| Op Mgn 3Y Avg | 10.3% |
| QoQ Delta Op Mgn LTM | -0.1% |
| CFO/Rev LTM | 8.6% |
| CFO/Rev 3Y Avg | 7.8% |
| FCF/Rev LTM | 7.1% |
| FCF/Rev 3Y Avg | 6.8% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 1.5 |
| P/S | 0.9 |
| P/Op Inc | 9.2 |
| P/EBIT | 9.7 |
| P/E | 16.3 |
| P/CFO | 8.6 |
| Total Yield | 6.9% |
| Dividend Yield | 0.4% |
| FCF Yield 3Y Avg | 5.7% |
| D/E | 0.4 |
| Net D/E | 0.4 |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Healthcare | 858 | 777 | 696 | 535 | 445 |
| Education | 510 | 484 | 439 | 360 | 242 |
| Commercial | 331 | 261 | 264 | 238 | 218 |
| Reimbursable expenses | 27 | 21 | |||
| Total | 1,699 | 1,522 | 1,399 | 1,159 | 927 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Healthcare | 256 | 209 | 173 | 131 | 118 |
| Education | 113 | 109 | 99 | 79 | 52 |
| Commercial | 56 | 51 | 54 | 50 | 34 |
| Other gains, net | -3 | 14 | 0 | ||
| Restructuring charges | -6 | -8 | -8 | -4 | |
| Depreciation and amortization | -19 | -16 | -18 | -20 | -21 |
| Unallocated corporate expenses | -218 | -191 | -175 | ||
| Other operating expenses | -136 | -132 | |||
| Total | 179 | 169 | 125 | 100 | 53 |
| $ Mil | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|
| Unallocated assets | 925 | 938 | 933 | 898 | 877 |
| Healthcare | 90 | 40 | 73 | 65 | 70 |
| Business Advisory | 58 | 38 | 59 | 59 | 58 |
| Education | 47 | 35 | 39 | 27 | 31 |
| Total | 1,119 | 1,051 | 1,104 | 1,050 | 1,037 |
Price Behavior
| Market Price | $96.38 | |
| Market Cap ($ Bil) | 1.6 | |
| First Trading Date | 10/13/2004 | |
| Distance from 52W High | -48.1% | |
| 50 Days | 200 Days | |
| DMA Price | $110.54 | $142.83 |
| DMA Trend | down | down |
| Distance from DMA | -12.8% | -32.5% |
| 3M | 1YR | |
| Volatility | 57.1% | 43.0% |
| Downside Capture | -123.55 | 63.78 |
| Upside Capture | -167.54 | 6.66 |
| Correlation (SPY) | -30.7% | 4.0% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -1.80 | -1.98 | -0.96 | -0.41 | 0.15 | 0.55 |
| Up Beta | -1.37 | -2.23 | -0.48 | -0.67 | -0.42 | 0.41 |
| Down Beta | -0.61 | -0.83 | -1.33 | -0.82 | 0.02 | 0.45 |
| Up Capture | -304% | -241% | -99% | -61% | 5% | 32% |
| Bmk +ve Days | 11 | 24 | 40 | 67 | 140 | 429 |
| Stock +ve Days | 9 | 19 | 32 | 56 | 132 | 394 |
| Down Capture | -152% | -170% | -87% | 68% | 79% | 91% |
| Bmk -ve Days | 10 | 17 | 23 | 58 | 112 | 321 |
| Stock -ve Days | 12 | 22 | 31 | 69 | 119 | 356 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with HURN | |
|---|---|---|---|---|
| HURN | -30.1% | 43.0% | -0.72 | - |
| Sector ETF (XLI) | 25.7% | 16.5% | 1.21 | -5.4% |
| Equity (SPY) | 21.8% | 12.5% | 1.30 | 3.9% |
| Gold (GLD) | 21.7% | 27.7% | 0.69 | -13.7% |
| Commodities (DBC) | 21.4% | 18.6% | 0.90 | -4.5% |
| Real Estate (VNQ) | 13.0% | 13.7% | 0.65 | 9.1% |
| Bitcoin (BTCUSD) | -45.0% | 42.6% | -1.28 | 6.6% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with HURN | |
|---|---|---|---|---|
| HURN | 13.7% | 35.6% | 0.44 | - |
| Sector ETF (XLI) | 14.3% | 17.6% | 0.64 | 27.2% |
| Equity (SPY) | 13.5% | 17.1% | 0.61 | 25.8% |
| Gold (GLD) | 17.4% | 18.3% | 0.77 | -5.1% |
| Commodities (DBC) | 6.8% | 19.5% | 0.25 | 5.0% |
| Real Estate (VNQ) | 2.8% | 18.8% | 0.05 | 21.1% |
| Bitcoin (BTCUSD) | 11.9% | 53.7% | 0.41 | 7.6% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with HURN | |
|---|---|---|---|---|
| HURN | 4.7% | 36.9% | 0.23 | - |
| Sector ETF (XLI) | 14.5% | 20.1% | 0.64 | 40.6% |
| Equity (SPY) | 15.4% | 18.0% | 0.73 | 37.8% |
| Gold (GLD) | 11.9% | 16.1% | 0.60 | -2.9% |
| Commodities (DBC) | 5.6% | 18.0% | 0.24 | 12.4% |
| Real Estate (VNQ) | 5.4% | 20.7% | 0.22 | 34.6% |
| Bitcoin (BTCUSD) | 56.6% | 66.3% | 0.97 | 7.7% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Earnings Returns History
Updated 6/8/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/5/2026 | -9.2% | -16.6% | -18.9% |
| 2/24/2026 | 5.5% | 17.5% | -4.7% |
| 10/28/2025 | 11.2% | 8.2% | 8.2% |
| 7/31/2025 | -7.6% | -0.3% | 3.7% |
| 4/29/2025 | -0.8% | 9.8% | 4.2% |
| 2/25/2025 | 18.2% | 17.8% | 13.7% |
| 10/29/2024 | 10.6% | 14.6% | 17.8% |
| 7/30/2024 | -2.6% | -9.1% | -5.5% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 14 | 14 | 14 |
| # Negative | 10 | 10 | 10 |
| Median Positive | 6.8% | 9.2% | 8.3% |
| Median Negative | -7.1% | -7.4% | -8.1% |
| Max Positive | 18.2% | 27.5% | 24.4% |
| Max Negative | -12.5% | -16.6% | -18.9% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/5/2026 | -9.2% | -16.6% | -18.9% |
| 2/24/2026 | 5.5% | 17.5% | -4.7% |
| 10/28/2025 | 11.2% | 8.2% | 8.2% |
| 7/31/2025 | -7.6% | -0.3% | 3.7% |
| 4/29/2025 | -0.8% | 9.8% | 4.2% |
| 2/25/2025 | 18.2% | 17.8% | 13.7% |
| 10/29/2024 | 10.6% | 14.6% | 17.8% |
| 7/30/2024 | -2.6% | -9.1% | -5.5% |
| 4/30/2024 | -6.6% | -6.0% | -7.9% |
| 2/27/2024 | -12.5% | -9.4% | -10.3% |
| 11/2/2023 | 1.9% | 5.0% | 8.3% |
| 7/27/2023 | 18.1% | 27.5% | 24.4% |
| 5/2/2023 | -12.0% | -7.9% | -5.2% |
| 2/28/2023 | 16.2% | 11.1% | 13.6% |
| 11/1/2022 | 3.8% | 3.7% | 8.1% |
| 7/28/2022 | 1.5% | 1.0% | 4.2% |
| 5/3/2022 | 7.4% | 9.0% | 17.7% |
| 2/24/2022 | 2.3% | 4.0% | -2.8% |
| 11/2/2021 | -1.3% | -0.7% | -8.3% |
| 7/29/2021 | 3.2% | -2.0% | 4.6% |
| 5/4/2021 | -1.5% | -6.8% | -8.3% |
| 2/23/2021 | -8.3% | -10.4% | -17.0% |
| 11/2/2020 | 6.2% | 9.4% | 14.7% |
| 7/30/2020 | 8.1% | 4.9% | 0.0% |
| SUMMARY STATS | |||
| # Positive | 14 | 14 | 14 |
| # Negative | 10 | 10 | 10 |
| Median Positive | 6.8% | 9.2% | 8.3% |
| Median Negative | -7.1% | -7.4% | -8.1% |
| Max Positive | 18.2% | 27.5% | 24.4% |
| Max Negative | -12.5% | -16.6% | -18.9% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/05/2026 | 10-Q |
| 12/31/2025 | 02/24/2026 | 10-K |
| 09/30/2025 | 10/28/2025 | 10-Q |
| 06/30/2025 | 07/31/2025 | 10-Q |
| 03/31/2025 | 04/29/2025 | 10-Q |
| 12/31/2024 | 02/25/2025 | 10-K |
| 09/30/2024 | 10/29/2024 | 10-Q |
| 06/30/2024 | 07/30/2024 | 10-Q |
| 03/31/2024 | 04/30/2024 | 10-Q |
| 12/31/2023 | 02/27/2024 | 10-K |
| 09/30/2023 | 11/02/2023 | 10-Q |
| 06/30/2023 | 07/27/2023 | 10-Q |
| 03/31/2023 | 05/02/2023 | 10-Q |
| 12/31/2022 | 02/28/2023 | 10-K |
| 09/30/2022 | 11/01/2022 | 10-Q |
| 06/30/2022 | 07/28/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/05/2026 | 10-Q |
| 12/31/2025 | 02/24/2026 | 10-K |
| 09/30/2025 | 10/28/2025 | 10-Q |
| 06/30/2025 | 07/31/2025 | 10-Q |
| 03/31/2025 | 04/29/2025 | 10-Q |
| 12/31/2024 | 02/25/2025 | 10-K |
| 09/30/2024 | 10/29/2024 | 10-Q |
| 06/30/2024 | 07/30/2024 | 10-Q |
| 03/31/2024 | 04/30/2024 | 10-Q |
| 12/31/2023 | 02/27/2024 | 10-K |
| 09/30/2023 | 11/02/2023 | 10-Q |
| 06/30/2023 | 07/27/2023 | 10-Q |
| 03/31/2023 | 05/02/2023 | 10-Q |
| 12/31/2022 | 02/28/2023 | 10-K |
| 09/30/2022 | 11/01/2022 | 10-Q |
| 06/30/2022 | 07/28/2022 | 10-Q |
| 03/31/2022 | 05/03/2022 | 10-Q |
| 12/31/2021 | 02/24/2022 | 10-K |
| 09/30/2021 | 11/02/2021 | 10-Q |
| 06/30/2021 | 07/30/2021 | 10-Q |
| 03/31/2021 | 05/04/2021 | 10-Q |
| 12/31/2020 | 02/23/2021 | 10-K |
| 09/30/2020 | 11/02/2020 | 10-Q |
| 06/30/2020 | 07/31/2020 | 10-Q |
| 03/31/2020 | 04/30/2020 | 10-Q |
| 12/31/2019 | 02/26/2020 | 10-K |
| 09/30/2019 | 10/30/2019 | 10-Q |
| 06/30/2019 | 07/31/2019 | 10-Q |
Recent Forward Guidance
Updated 6/1/2026Latest: Q1 2026 Earnings Reported 5/5/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Revenue | 1.78 Bil | 1.82 Bil | 1.86 Bil | 0 | Affirmed | Guidance: 1.82 Bil for 2026 | |
| 2026 Adjusted EBITDA as a percentage of RBR | 0.14 | 0.15 | 0.15 | 0 | 0 | Affirmed | Guidance: 0.15 for 2026 |
| 2026 Adjusted Diluted EPS | 8.35 | 8.75 | 9.15 | 0 | Affirmed | Guidance: 8.75 for 2026 | |
Prior: Q4 2025 Earnings Reported 2/24/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Revenue | 1.78 Bil | 1.82 Bil | 1.86 Bil | 9.6% | Higher New | Actual: 1.66 Bil for 2025 | |
| 2026 Adjusted EBITDA Margin | 14.5% | 14.75% | 15.0% | 3.5% | 0.5% | Higher New | Actual: 14.25% for 2025 |
| 2026 Adjusted Diluted EPS | 8.35 | 8.75 | 9.15 | 15.1% | Higher New | Actual: 7.6 for 2025 | |
Insider Activity
Updated 5/27/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Brown, Joy | Direct | Sell | 5272026 | 105.01 | 1,821 | 191,230 | 900,494 | Form | |
| 2 | Singh-Bushell, Ekta | Direct | Sell | 5132026 | 118.44 | 443 | 52,469 | 1,616,232 | Form | |
| 3 | Zumwalt, Debra | Direct | Sell | 5132026 | 118.44 | 598 | 70,827 | 3,221,686 | Form | |
| 4 | McCartney, John | Direct | Sell | 5052026 | 132.04 | 500 | 66,020 | 5,323,457 | Form | |
| 5 | Singh-Bushell, Ekta | Direct | Sell | 4062026 | 126.93 | 126 | 15,993 | 1,788,317 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Brown, Joy | Direct | Sell | 5272026 | 105.01 | 1,821 | 191,230 | 900,494 | Form | |
| 2 | Singh-Bushell, Ekta | Direct | Sell | 5132026 | 118.44 | 443 | 52,469 | 1,616,232 | Form | |
| 3 | Zumwalt, Debra | Direct | Sell | 5132026 | 118.44 | 598 | 70,827 | 3,221,686 | Form | |
| 4 | McCartney, John | Direct | Sell | 5052026 | 132.04 | 500 | 66,020 | 5,323,457 | Form | |
| 5 | Singh-Bushell, Ekta | Direct | Sell | 4062026 | 126.93 | 126 | 15,993 | 1,788,317 | Form | |
| 6 | Zumwalt, Debra | Direct | Sell | 4062026 | 126.93 | 170 | 21,578 | 3,338,132 | Form | |
| 7 | McCartney, John | Direct | Sell | 4032026 | 127.68 | 500 | 63,840 | 5,211,515 | Form | |
| 8 | McCartney, John | Direct | Sell | 3042026 | 139.15 | 500 | 69,575 | 5,749,261 | Form | |
| 9 | Sawyer, Hugh E Iii | Direct | Sell | 2042026 | 168.77 | 400 | 67,508 | 3,542,482 | Form | |
| 10 | McCartney, John | Direct | Sell | 2042026 | 168.77 | 500 | 84,385 | 7,057,455 | Form | |
| 11 | Sawyer, Hugh E Iii | Direct | Sell | 1062026 | 172.91 | 400 | 69,164 | 3,722,061 | Form | |
| 12 | McCartney, John | Direct | Sell | 1062026 | 172.91 | 500 | 86,455 | 7,317,032 | Form | |
| 13 | Roth, James H | Direct | Sell | 1062026 | 170.26 | 2,000 | 340,524 | 5,635,838 | Form | |
| 14 | Singh-Bushell, Ekta | Direct | Sell | 12152025 | 178.55 | 1,000 | 178,550 | 2,560,586 | Form | |
| 15 | Dail, James Ronald | Chief Operating Officer | Direct | Sell | 12082025 | 170.11 | 662 | 112,613 | 5,163,689 | Form |
| 16 | Roth, James H | Direct | Sell | 12032025 | 164.57 | 2,000 | 329,131 | 5,809,826 | Form | |
| 17 | Sawyer, Hugh E Iii | Direct | Sell | 12032025 | 164.20 | 400 | 65,680 | 3,600,249 | Form | |
| 18 | McCartney, John | Direct | Sell | 12032025 | 164.20 | 500 | 82,100 | 7,030,551 | Form | |
| 19 | McCartney, John | Direct | Sell | 11212025 | 161.44 | 6,500 | 1,049,369 | 6,993,160 | Form | |
| 20 | McCartney, John | Direct | Sell | 11052025 | 164.24 | 500 | 82,120 | 8,181,944 | Form | |
| 21 | Sawyer, Hugh E Iii | Direct | Sell | 11052025 | 164.24 | 400 | 65,696 | 3,666,822 | Form | |
| 22 | Roth, James H | Direct | Sell | 11052025 | 164.13 | 2,000 | 328,264 | 6,122,774 | Form | |
| 23 | Dail, James Ronald | Chief Operating Officer | Direct | Sell | 10312025 | 170.89 | 167 | 28,538 | 5,300,378 | Form |
| 24 | Dail, James Ronald | Chief Operating Officer | Direct | Sell | 10312025 | 169.53 | 7,824 | 1,326,441 | 5,286,777 | Form |
| 25 | Dail, James Ronald | Chief Operating Officer | Direct | Sell | 10282025 | 155.00 | 578 | 89,590 | 6,046,240 | Form |
| 26 | Dail, James Ronald | Chief Operating Officer | Direct | Sell | 10282025 | 155.00 | 22 | 3,410 | 6,135,830 | Form |
| 27 | Dail, James Ronald | Chief Operating Officer | Direct | Sell | 10072025 | 150.00 | 1,421 | 213,150 | 5,941,200 | Form |
| 28 | Zumwalt, Debra | Direct | Sell | 10062025 | 146.92 | 170 | 24,976 | 3,913,802 | Form | |
| 29 | Singh-Bushell, Ekta | Direct | Sell | 10062025 | 146.92 | 126 | 18,512 | 2,253,900 | Form | |
| 30 | Sawyer, Hugh E Iii | Direct | Sell | 10062025 | 146.92 | 136 | 19,981 | 3,338,904 | Form | |
| 31 | Roth, James H | Direct | Sell | 10032025 | 146.30 | 2,000 | 292,602 | 5,750,205 | Form | |
| 32 | McCartney, John | Direct | Sell | 10032025 | 145.68 | 500 | 72,840 | 7,330,181 | Form | |
| 33 | Sawyer, Hugh E Iii | Direct | Sell | 10032025 | 145.68 | 400 | 58,272 | 3,330,536 | Form | |
| 34 | McCartney, John | Direct | Sell | 9042025 | 136.21 | 500 | 68,105 | 6,921,784 | Form | |
| 35 | Sawyer, Hugh E Iii | Direct | Sell | 9042025 | 136.21 | 400 | 54,484 | 3,168,517 | Form | |
| 36 | Roth, James H | Direct | Sell | 9042025 | 137.51 | 2,000 | 275,011 | 5,679,524 | Form | |
| 37 | Zumwalt, Debra | Direct | Sell | 8182025 | 135.38 | 170 | 23,015 | 3,629,402 | Form | |
| 38 | Singh-Bushell, Ekta | Direct | Sell | 8182025 | 135.38 | 126 | 17,058 | 2,093,922 | Form | |
| 39 | Featherstone, Kyle | Chief Acct Officer, Controller | Direct | Sell | 8182025 | 135.73 | 375 | 50,899 | 177,942 | Form |
| 40 | Roth, James H | Direct | Sell | 8082025 | 128.98 | 2,000 | 257,968 | 5,585,519 | Form | |
| 41 | McCartney, John | Direct | Sell | 8052025 | 129.11 | 500 | 64,555 | 6,625,538 | Form | |
| 42 | Sawyer, Hugh E Iii | Direct | Sell | 8052025 | 129.11 | 400 | 51,644 | 3,055,001 | Form | |
| 43 | Sawyer, Hugh E Iii | Direct | Sell | 7032025 | 136.71 | 136 | 18,593 | 3,289,516 | Form | |
| 44 | Sawyer, Hugh E Iii | Direct | Sell | 7032025 | 136.74 | 400 | 54,696 | 3,308,835 | Form | |
| 45 | McCartney, John | Direct | Sell | 7032025 | 136.74 | 500 | 68,370 | 7,085,457 | Form | |
| 46 | Lockhart, H Eugene | Direct | Sell | 7032025 | 136.74 | 1,040 | 142,210 | 1,116,072 | Form | |
| 47 | Sawyer, Hugh E Iii | Direct | Sell | 6092025 | 144.92 | 400 | 57,968 | 3,564,742 | Form | |
| 48 | Lockhart, H Eugene | Direct | Sell | 6042025 | 143.17 | 1,040 | 148,897 | 1,317,450 | Form | |
| 49 | McCartney, John | Direct | Sell | 6042025 | 143.17 | 500 | 71,585 | 7,490,225 | Form | |
| 50 | Brown, Joy | Direct | Sell | 5272025 | 149.74 | 668 | 100,026 | 1,332,089 | Form | |
| 51 | McCartney, John | Direct | Sell | 5052025 | 133.63 | 500 | 66,815 | 6,898,114 | Form | |
| 52 | Lockhart, H Eugene | Direct | Sell | 5052025 | 133.63 | 1,042 | 139,242 | 1,208,817 | Form |
Industry Resources
| Industrials Resources |
| IndustryWeek |
| Manufacturing.net |
| Aviation Week |
| Research & Consulting Services Resources |
| Consultancy.org |
| Gartner Research |
| Forrester Insights |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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