“Other Income (Expense), Net Interest expense, net of interest income increased $3.2 million to $8.9 million in the first quarter of 2026 from $5.6 million in the first quarter of 2025, which was primarily attributable to higher levels of borrowing under our s…”10-Q · May 5, 2026 ↗
Huron Consulting Group Inc.
HURN
Market read
Huron Consulting Group Inc.'s current read is isolated; its market group is not confirming.
The latest filing evidence is available. 0 of 17 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 3 directly disclosed connections are confirming.
- Revenue increased 11.8% versus the comparable filing period.
- Net margin fell 0.9 percentage points.
- Managed Services professionals increased 59.5% to 2,643 as of March 31, 2026, driven by hiring to support higher demand for services.
- Net interest expense rose to $8.9M in Q1 2026, attributed primarily to higher borrowing under the senior secured credit facility.
Invalidation: The isolated read changes if HURN's group or a disclosed connection begins moving with it.
Research brief
The story so far
The latest filing evidence is available. 0 of 17 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 3 directly disclosed connections are confirming.
- Revenue increased 11.8% versus the comparable filing period.
- Net margin fell 0.9 percentage points.
- Operating cash flow covered only -6.98x net income.
- Managed Services professionals increased 59.5% to 2,643 as of March 31, 2026, driven by hiring to support higher demand for services.
- Net interest expense rose to $8.9M in Q1 2026, attributed primarily to higher borrowing under the senior secured credit facility.
Company research
Understand the business, not just the ticker
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
- Latest annual revenue changed +11.7% year over year.
- Operating cash flow covered net income at 1.84x in the latest annual period.
- Credit and interest rates has repeated favorable evidence across 4 filings.
- Demand and volume has repeated favorable evidence across 4 filings.
- Net margin changed -1.5 percentage points in the latest annual period.
- P/E is 46% above the available filing-peer median; determine whether growth and quality justify the difference.
- EV/sales is 74% above the available filing-peer median; determine whether growth and quality justify the difference.
Price as of Sep 10, 2026
148.40Reported annual revenue and per-share history. This is accounting history, not a forecast.
What management says matters
Persistent and emerging business drivers
“The increase in compensation costs reflects our investment to grow our talented team to meet increased market demand and is primarily attributable to a $29.6 million increase in salaries and related expenses, driven by recent acquisitions, hiring to support t…”10-Q · May 5, 2026 ↗
“The increase in adjusted EBITDA was primarily attributable to the increase in segment operating income for all three of our segments, excluding segment depreciation and amortization and segment restructuring charges; partially offset by the increase in unallo…”10-Q · May 5, 2026 ↗
“The decrease in fair value in 2025 was driven by a decrease in the projected cash flows of Shorelight, which reflects the current federal regulatory environment in which Shorelight operates.”10-K · Feb 24, 2026 ↗
Valuation discipline
Descriptive valuation snapshot
Price/sales 1.6× · EV/sales 1.8×. Comparisons use only industry-matched filing peers.
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 10 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for HURN. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Latest filing assessment · baseline
The latest filing shows material pressure
10-Q filed 2026-05-05 against the comparable filing from 2025-04-29.
What improved
- Revenue increased 11.8% versus the comparable filing period.
What weakened
- Net margin fell 0.9 percentage points.
- Operating cash flow covered only -6.98x net income.
Filing receipts
“Operating income and operating margin for each of our segments as well as unallocated corporate expenses were as follows: Segment Operating Income (in thousands, except operating margin percentages) Three Months Ended March 31, Increase / (Decrease) 2026 2025 Healthcare $ 63,953 28.4% $ 56,316 28.4% $ 7,637 Education $ 27,578 21.6% $ 23,060 18.8% $ 4,518 Commercial $ 14,896 16.4% $ 11,296 15.2% $ 3,600 Unallocated Corporate Expenses (in thousands) Unallocated corporate expenses $ 60,030 $ 52,371 $ 7,659 • Healthcare operating income increased $7.6 million, or 13.6%, primarily due to the increase in RBR, as well as a decrease in salaries and related expenses for our support personnel; partia...”
“Commercial operating margin increased to 16.4% from 15.2% primarily due to decreases in contractor expenses and salaries and related expenses for our support personnel, as well as revenue growth that outpaced the increase in performance bonus expense for our revenue-generating professionals; partially offset by an increase in salaries and related expenses for our revenue-generating professionals, as a percentage of RBR.”
“This decrease was primarily due to revenue growth that outpaced the increase in performance bonus expense for our revenue-generating professionals and the decreases in share-based compensation expense and contractor expenses; partially offset by an increase in salaries and related expenses for our revenue-generating professionals, as a percentage of RBR.”
Retrospective baseline calibration. It was generated after the filing date and is not part of Jodie's live track record.
Business ecosystem
The relationships behind HURN
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
MSFTMicrosoft CorporationpartnerMay 5, 2026 ▾
“For example, we are a Leading Modern Oracle Network Partner; a Summit-level consulting partner with Salesforce.com and a Premium Partner with Salesforce.org; a Workday Services, Preferred Channel, Extend, and Application Management Services Partner; a Microso…”
AMZNAmazon.com, Inc.partnerMay 5, 2026 ▾
“For example, we are a Leading Modern Oracle Network Partner; a Summit-level consulting partner with Salesforce.com and a Premium Partner with Salesforce.org; a Workday Services, Preferred Channel, Extend, and Application Management Services Partner; a Microso…”
AXIAAXIA EnergiainvesteeJul 31, 2025 ▾
“Through our acquisition of AXIA Consulting, we have also expanded our supply chain management (“SCM”) offerings and broadened our technology portfolio with advanced Microsoft capabilities, while strengthening Huron's ability to empower clients to align their…”
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
HURN is currently a Participant in the organic co-movement group No Coherent Theme. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
This group is retained as the last observed read for HURN; it is not active in the latest market snapshot.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.