Huron Consulting (HURN) financial statements
Huron Consulting reported revenue of $1.7B in fiscal 2025, up 8.5% a year over 9 years.
Net income was $105M and the operating margin 10.7%, against 9.3% in 2016.
Free cash flow was $162M, and the company returned $167M in net buybacks.
The diluted share count fell 16% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Huron Consulting's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $798M | $733M | $795M | $877M | $844M | $906M | $1.1B | $1.4B | $1.5B | $1.7B |
| Cost of revenue | $524M | $541M | $609M | $670M | $625M | $662M | $786M | $943M | $1.0B | $1.1B |
| Gross profit | $274M | $191M | $186M | $207M | $219M | $244M | $347M | $419M | $476M | $540M |
| Selling, general and admin | $160M | $175M | $181M | $203M | $171M | $178M | $210M | $258M | $287M | $318M |
| Operating income | $74M | -$207M | $52M | $64M | -$29M | $53M | $100M | $125M | $169M | $179M |
| Pre-tax income | $59M | -$223M | $25M | $52M | -$34M | $80M | $109M | $84M | $154M | $135M |
| Income tax | $20M | -$52M | $11M | $11M | -$10M | $17M | $33M | $21M | $37M | $30M |
| Net income | $38M | -$170M | $14M | $42M | -$24M | $63M | $76M | $62M | $117M | $105M |
| EPS (diluted) | $1.76 | -$7.93 | $0.62 | $1.85 | -$1.09 | $2.89 | $3.64 | $3.19 | $6.27 | $5.84 |
| Diluted shares | 21M | 21M | 22M | 23M | 22M | 22M | 21M | 20M | 19M | 18M |
| Gross margin | 34.3% | 26.1% | 23.4% | 23.6% | 26.0% | 26.9% | 30.6% | 30.8% | 32.0% | 32.5% |
| Operating margin | 9.3% | -28.3% | 6.6% | 7.3% | -3.4% | 5.8% | 8.8% | 9.2% | 11.4% | 10.7% |
| Net margin | 4.7% | -23.2% | 1.7% | 4.8% | -2.8% | 7.0% | 6.7% | 4.6% | 7.8% | 6.3% |
Balance sheet
Fiscal years, from Huron Consulting's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $17M | $17M | $33M | $12M | $67M | $21M | $12M | $12M | $22M | $25M |
| Receivables | $94M | $102M | $110M | $117M | $88M | $122M | $148M | $163M | $198M | $187M |
| Total current assets | $180M | $191M | $233M | $225M | $231M | $258M | $328M | $400M | $409M | $449M |
| Property, plant and equipment | $32M | $46M | $40M | $38M | $29M | $31M | $26M | $24M | $22M | $23M |
| Goodwill | $800M | $646M | $645M | $647M | $594M | $621M | $625M | $626M | $679M | $787M |
| Total assets | $1.2B | $1.0B | $1.0B | $1.1B | $1.1B | $1.1B | $1.2B | $1.3B | $1.3B | $1.5B |
| Total current liabilities | $136M | $139M | $418M | $205M | $187M | $205M | $246M | $303M | $339M | $383M |
| Long-term debt | $292M | $343M | $54M | $208M | $203M | $232M | $290M | $324M | $343M | $490M |
| Total liabilities | $505M | $534M | $509M | $519M | $499M | $547M | $647M | $729M | $782M | $998M |
| Shareholders' equity | $648M | $503M | $541M | $585M | $552M | $572M | $552M | $533M | $561M | $529M |
| Net debt | $275M | $326M | $264M | $197M | $136M | $212M | $278M | $312M | $335M | $485M |
Cash flow
Fiscal years, from Huron Consulting's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $129M | $100M | $102M | $132M | $137M | $18M | $85M | $135M | $201M | $193M |
| Capital spending | $15M | $26M | $15M | $24M | $16M | $16M | $24M | $35M | $33M | $31M |
| Free cash flow | $114M | $74M | $87M | $109M | $120M | $2M | $61M | $100M | $169M | $162M |
| Stock-based compensation | $17M | $15M | $19M | $24M | $24M | $26M | $31M | $46M | $45M | $47M |
| Share buybacks (net) | — | — | $0 | -$13M | -$27M | -$65M | -$120M | -$123M | -$123M | -$167M |
| Net borrowing | -$224M | -$241M | -$260M | -$193M | -$289M | -$205M | -$257M | -$320M | -$710M | -$955M |
| Free cash flow margin | 14.3% | 10.1% | 10.9% | 12.4% | 14.3% | 0.2% | 5.4% | 7.3% | 11.4% | 9.8% |
Questions
What was Huron Consulting's revenue in 2025?
$1.7B in fiscal 2025, from its 10-K filing.
How much free cash flow does Huron Consulting generate?
$162M in fiscal 2025 (operating cash flow minus capital spending).
From Huron Consulting's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.