Huron Consulting Group Inc.
Key statistics
from XBRL data in SEC filingsAI briefing
from the latest 10-K, 10-Q and 8-K eventsHuron Consulting Group is a global professional services firm with leading market positions in healthcare and education, expanding commercial and digital offerings, and a focus on margin expansion and shareholder returns.
What they do
Huron provides consulting and managed services, as well as digital offerings (technology, analytics, AI), across three operating segments: Healthcare, Education, and Commercial. Revenues are generated through fixed-fee, time-and-expense, performance-based, and software subscription billing arrangements. In 2025, healthcare, education, and commercial contributed 50%, 30%, and 20% of revenues before reimbursable expenses respectively.
Revenue drivers
- Healthcare — Largest segment (50% of 2025 revenues), serving acute and non-acute care providers, payors, and post-acute providers with performance improvement, revenue cycle managed services, and digital solutions.
- Education — Second largest segment (30% of 2025 revenues), serving colleges, universities, and research institutes with strategic, operational, and digital offerings.
- Commercial — Smallest segment (20% of 2025 revenues), covering financial services, industrials, energy, utilities, and public sector; growing to diversify portfolio and offset healthcare/education concentration.
- Digital capability — A key growth area, delivering technology and analytics (including AI) across segments; management highlights rapid growth and record RBR in 2026.
Recent performance
In Q2 2026, revenues before reimbursable expenses (RBR) rose 15.7% year-over-year to a record $465.6 million. Net income increased 60.8% to $31.2 million (including a prior-year $8.2 million impairment), and adjusted EPS grew 30.2% to $2.46. For the first half of 2026, RBR grew 13.9% to $909.3 million, net income rose 23.9% to $54.5 million, and adjusted EBITDA increased 20.7% to $123.2 million. The company returned $208.6 million to shareholders via buybacks in the first half of 2026.
Strategy
Management focuses on accelerating growth in healthcare and education, expanding commercial industries presence, and advancing a global digital capability centered on AI and data insights. It is committed to operating income margin expansion through pricing, delivery efficiency, and scaling SG&A, while maintaining a strong balance sheet. Capital deployment priorities include returning capital to shareholders via buybacks and executing strategic tuck-in acquisitions.
Risks
- Talent retention — Relies on senior leaders, managing directors, and principals; their departure could hurt revenue generation and client relationships.
- Competition for talent — High competition for skilled professionals in a specialized industry could impair hiring and retention, affecting utilization and growth.
- Client engagement-by-engagement — Dependence on renewals and new business; clients retain on a project basis, leading to volatility in demand and results.
- AI and market changes — Inability to expand or adjust service offerings in response to AI and other market demands could reduce competitiveness.
Outlook
Management increased full-year 2026 guidance, expecting RBR in the range of $1.85 billion to $1.89 billion. The raise reflects strong first-half performance, continued backlog strength, and pipeline growth. Management expresses confidence in AI-driven capabilities and continued margin expansion.