Huron Consulting Group Inc. (HURN) Income Statement
HURN 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsHURN revenue and net income
Where HURN's revenue goes
2025Each bar shows an amount and its share of revenue. HURN kept 6.2% of revenue as net income.
HURN profit margins
HURN growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +14.3% | +14.5% | +15.0% | +9.3% |
| Gross profit | +6.9% | +13.7% | +15.1% | +5.5% |
| Operating income | +18.1% | +25.9% | — | +6.8% |
| Net income | −9.9% | +11.6% | — | +5.9% |
| EPS (diluted) | +20.8% | +31.5% | +29.4% | +8.4% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
HURN quarterly EPS vs estimates
Huron Consulting beat the analyst EPS estimate in 8 of the last 8 quarters. Next report: October 27, 2026 (estimate $2.47).
HURN income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.70B | $1.49B | $1.36B | $1.13B | $905.6M | $844.1M | $876.8M | $795.1M | $732.6M | $726.3M |
| Cost of revenue | $1.19B | $1.01B | $942.7M | $785.9M | $636.8M | $592.4M | $575.6M | $521.5M | $454.8M | $437.6M |
| Gross profit | $508.8M | $476.0M | $419.4M | $346.6M | $268.9M | $251.7M | $301.2M | $273.6M | $277.8M | $288.7M |
| Research & development | — | $7.6M | $6.5M | $5.9M | $5.2M | $4.7M | $3.0M | $1.4M | $800,000 | $1.1M |
| Sales, general & admin | $318.0M | $283.8M | $253.6M | $207.5M | $176.3M | $169.4M | $200.4M | $181.0M | $173.7M | $160.2M |
| Total operating expenses | $309.5M | $307.2M | $294.0M | $246.8M | $216.0M | $280.6M | $237.4M | $221.5M | $485.2M | $214.5M |
| Operating income | $199.3M | $168.8M | $125.3M | $99.8M | $52.8M | −$28.9M | $63.7M | $52.1M | −$207.5M | $74.2M |
| Interest income | — | — | — | — | — | — | $15.6M | $19.0M | $18.6M | $16.3M |
| Interest expense | $34.2M | $25.3M | $19.6M | $11.9M | $8.2M | $9.3M | $15.6M | $19.0M | $18.7M | $16.5M |
| Income before taxes | $135.1M | $154.0M | $83.9M | $108.6M | $80.0M | −$33.9M | $52.5M | $25.2M | −$222.5M | $59.2M |
| Income taxes | $30.0M | $37.4M | $21.4M | $33.0M | $17.0M | −$10.2M | $10.5M | $11.3M | −$52.0M | $19.7M |
| Net income | $105.0M | $116.6M | $62.5M | $75.6M | $63.0M | −$23.7M | $41.7M | $13.6M | −$170.1M | $37.6M |
| EBITDA | $201.7M | $191.9M | $166.2M | $139.1M | $93.0M | $82.8M | $101.5M | $92.9M | $103.8M | $128.7M |
| EPS (diluted) | $7.84 | $6.49 | $4.93 | $3.45 | $2.62 | $2.16 | $2.74 | $2.07 | $2.15 | $3.21 |
| Gross margin | 29.9% | 32.0% | 30.8% | 30.6% | 29.7% | 29.8% | 34.3% | 34.4% | 37.9% | 39.8% |
| Operating margin | 11.7% | 11.4% | 9.2% | 8.8% | 5.8% | −3.4% | 7.3% | 6.6% | −28.3% | 10.2% |
| Net margin | 6.2% | 7.8% | 4.6% | 6.7% | 7.0% | −2.8% | 4.8% | 1.7% | −23.2% | 5.2% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $475.0M | $451.8M | $442.0M | $441.3M | $402.5M | $395.7M | $388.4M | $370.0M | $371.7M | $356.0M | $339.2M | $358.2M |
| Cost of revenue | $320.6M | $326.0M | $305.1M | $306.5M | $269.0M | $278.0M | $260.3M | $247.8M | $248.6M | $253.3M | $234.3M | $244.8M |
| Gross profit | $154.4M | $125.8M | $136.9M | $134.8M | $133.5M | $117.6M | $128.1M | $122.2M | $123.0M | $102.7M | $104.9M | $113.4M |
| Research & development | — | — | — | — | — | — | $7.6M | — | — | — | $6.5M | — |
| Sales, general & admin | — | $84.7M | $79.9M | $81.3M | $80.2M | $76.6M | $72.6M | $70.4M | $71.4M | $74.3M | $64.9M | $64.3M |
| Total operating expenses | $104.2M | $84.2M | $78.6M | $78.9M | $87.8M | $84.9M | $81.1M | $79.8M | $63.6M | $82.7M | $75.0M | $76.1M |
| Operating income | $50.2M | $41.6M | $58.3M | $55.9M | $45.7M | $32.7M | $47.0M | $42.4M | $59.4M | $19.9M | $29.9M | $37.3M |
| Interest expense | $11.9M | $8.9M | $8.3M | $11.0M | $9.3M | $5.6M | $5.5M | $6.8M | $8.0M | $5.1M | $4.4M | $5.0M |
| Income before taxes | $42.9M | $27.1M | $43.3M | $42.6M | $27.7M | $21.5M | $46.8M | $37.6M | $52.1M | $17.6M | $1.8M | $31.3M |
| Income taxes | $11.7M | $3.8M | $12.6M | $12.2M | $8.3M | −$3.1M | $12.8M | $10.4M | $14.6M | −$446,000 | −$1.1M | $9.8M |
| Net income | $31.2M | $23.2M | $30.7M | $30.4M | $19.4M | $24.5M | $34.0M | $27.1M | $37.5M | $18.0M | $2.8M | $21.5M |
| EBITDA | $65.0M | $45.7M | $60.5M | $63.1M | $53.3M | $41.0M | $56.0M | $51.9M | $52.2M | $29.7M | $40.7M | $50.0M |
| EPS (diluted) | $2.46 | $1.73 | $2.17 | $2.10 | $1.89 | $1.68 | $1.90 | $1.68 | $1.68 | $1.23 | $1.29 | $1.39 |
| Gross margin | 32.5% | 27.8% | 31.0% | 30.6% | 33.2% | 29.7% | 33.0% | 33.0% | 33.1% | 28.8% | 30.9% | 31.7% |
| Operating margin | 10.6% | 9.2% | 13.2% | 12.7% | 11.3% | 8.3% | 12.1% | 11.5% | 16.0% | 5.6% | 8.8% | 10.4% |
| Net margin | 6.6% | 5.1% | 6.9% | 6.9% | 4.8% | 6.2% | 8.8% | 7.3% | 10.1% | 5.1% | 0.8% | 6.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in HURN's financial statements (latest annual report filed February 24, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
HURN financial results
In fiscal year 2025 (ended December 31, 2025), Huron Consulting reported revenue of $1.7 billion, up 14.3% from the year before. It had net income of $105.0 million (down 9.9%), a net profit margin of 6.2%. Diluted earnings per share came to $7.84. Over five years revenue grew at an average rate of 15.0% a year.
See the HURN stock overview for the latest quote and news, or the HURN chart for price history and technical indicators.
HURN income statement FAQ
What is Huron Consulting's annual revenue?
Huron Consulting reported total revenue of $1.7 billion for fiscal year 2025, which ended on December 31, 2025. That was up 14.3% from $1.5 billion the previous year.
Is Huron Consulting profitable?
Yes. Huron Consulting reported net income of $105.0 million in fiscal 2025, a net profit margin of 6.2%; its operating margin was 11.7%.
What is Huron Consulting's gross margin?
Huron Consulting's gross margin was 29.9% in fiscal 2025: for every $100 of revenue, Huron Consulting kept $30 after the direct cost of its products and services.
How fast is Huron Consulting growing?
Revenue grew 15.0% a year on average over the last five fiscal years, from $844.1 million to $1.7 billion.
What are Huron Consulting's earnings per share?
Huron Consulting earned $7.84 per diluted share in fiscal 2025, compared with $6.49 a year earlier.
When will Huron Consulting report its next earnings?
Huron Consulting is expected to report results for the quarter ending September 30, 2026 on October 27, 2026.
When does Huron Consulting's fiscal year end?
Huron Consulting's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 24, 2026.