Latest Ratios: P/E Ratio 23.9x · EV/EBITDA 12.8x · ROE 19.3%. (2002–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $2.7B | $3.1B | $2.3B | $2.0B | $1.5B | $1.1B | $1.3B | $1.5B | $1.1B | $867M | $1.1B |
| Enterprise Value | $3.2B | $3.6B | $2.7B | $2.4B | $1.8B | $1.4B | $1.5B | $1.9B | $1.4B | $1.2B | $1.4B |
| P/E Ratio → | 23.90 | 29.61 | 19.82 | 32.23 | 19.95 | 17.27 | — | 37.15 | 82.76 | — | 28.78 |
| P/S Ratio | 1.43 | 1.83 | 1.56 | 1.48 | 1.33 | 1.20 | 1.53 | 1.76 | 1.42 | 1.18 | 1.49 |
| P/B Ratio | 5.68 | 5.88 | 4.12 | 3.78 | 2.73 | 1.90 | 2.34 | 2.83 | 2.09 | 1.72 | 1.67 |
| P/FCF | 21.32 | 17.00 | 12.00 | 20.13 | 24.65 | 488.67 | 10.72 | 14.23 | 13.06 | 11.72 | 9.58 |
| P/OCF | 13.72 | 16.09 | 11.49 | 14.90 | 17.64 | 60.50 | 9.43 | 11.70 | 11.13 | 8.69 | 8.46 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.14 | 1.81 | 1.74 | 1.63 | 1.51 | 1.77 | 2.12 | 1.76 | 1.63 | 1.87 |
| EV / EBITDA | 12.79 | 15.69 | 13.86 | 15.81 | 14.48 | 17.32 | 1092.44 | 18.96 | 15.27 | — | 11.24 |
| EV / EBIT | 15.95 | 21.47 | 16.14 | 16.83 | 16.47 | 20.36 | 28.44 | 27.74 | 26.02 | 21.82 | 16.62 |
| EV / FCF | — | 19.87 | 13.96 | 23.75 | 30.12 | 612.81 | 12.44 | 17.12 | 16.11 | 16.12 | 12.01 |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 29.9% | 29.9% | 32.0% | 30.8% | 30.6% | 29.7% | 29.8% | 34.3% | 34.4% | 37.9% | 39.8% |
| Operating Margin | 11.7% | 11.7% | 11.4% | 9.2% | 8.8% | 5.8% | -3.4% | 7.3% | 6.6% | -28.3% | 10.2% |
| Net Profit Margin | 6.2% | 6.2% | 7.8% | 4.6% | 6.7% | 7.0% | -2.8% | 4.8% | 1.7% | -23.2% | 5.2% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 19.3% | 19.3% | 21.3% | 11.5% | 13.4% | 11.2% | -4.3% | 7.7% | 2.6% | -29.6% | 5.8% |
| ROA | 7.3% | 7.3% | 9.0% | 5.1% | 6.5% | 5.8% | -2.2% | 3.9% | 1.3% | -15.5% | 3.2% |
| ROIC | 15.0% | 15.0% | 13.8% | 10.6% | 8.6% | 4.9% | -2.7% | 5.7% | 4.8% | -17.8% | 6.1% |
| ROCE | 18.6% | 18.6% | 17.2% | 13.1% | 10.7% | 5.9% | -3.3% | 8.3% | 6.8% | -21.7% | 7.2% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.04 | 1.04 | 0.71 | 0.70 | 0.63 | 0.52 | 0.50 | 0.59 | 0.55 | 0.68 | 0.45 |
| Debt / EBITDA | 2.37 | 2.37 | 2.05 | 2.49 | 2.72 | 3.77 | 199.91 | 3.31 | 3.25 | — | 2.41 |
| Net Debt / Equity | — | 0.99 | 0.67 | 0.68 | 0.61 | 0.48 | 0.37 | 0.57 | 0.49 | 0.65 | 0.42 |
| Net Debt / EBITDA | 2.26 | 2.26 | 1.94 | 2.41 | 2.63 | 3.51 | 150.87 | 3.19 | 2.89 | — | 2.27 |
| Debt / FCF | — | 2.86 | 1.96 | 3.61 | 5.47 | 124.14 | 1.72 | 2.88 | 3.05 | 4.41 | 2.43 |
| Interest Coverage | 4.95 | 4.95 | 6.57 | 7.22 | 9.40 | 8.22 | 5.66 | 4.28 | 2.82 | 2.93 | 4.95 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.17 | 1.17 | 1.21 | 1.32 | 1.34 | 1.26 | 1.23 | 1.10 | 0.56 | 1.37 | 1.33 |
| Quick Ratio | 1.17 | 1.17 | 1.21 | 1.32 | 1.34 | 1.26 | 1.23 | 1.10 | 0.56 | 1.37 | 1.33 |
| Cash Ratio | 0.06 | 0.06 | 0.06 | 0.04 | 0.05 | 0.10 | 0.36 | 0.06 | 0.08 | 0.12 | 0.13 |
| Asset Turnover | — | 1.11 | 1.11 | 1.08 | 0.94 | 0.81 | 0.80 | 0.79 | 0.76 | 0.71 | 0.63 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 83.86 | 88.21 | 96.42 | 93.66 | 89.34 | 63.46 | 82.80 | 85.34 | 81.43 | 75.26 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 4.2% | 3.4% | 5.0% | 3.1% | 5.0% | 5.8% | — | 2.7% | 1.2% | — | 3.5% |
| FCF Yield | 4.7% | 5.9% | 8.3% | 5.0% | 4.1% | 0.2% | 9.3% | 7.0% | 7.7% | 8.5% | 10.4% |
| Buyback Yield | 6.3% | 5.4% | 6.3% | 6.6% | 8.5% | 6.9% | 2.7% | 1.2% | 0.3% | 0.6% | 5.5% |
| Total Shareholder Yield | 6.3% | 5.4% | 6.3% | 6.6% | 8.5% | 6.9% | 2.7% | 1.2% | 0.3% | 0.6% | 5.5% |
| Shares Outstanding | — | $18M | $19M | $20M | $21M | $22M | $22M | $23M | $22M | $21M | $21M |
Includes 30+ ratios · 24 years · Updated daily
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Quick answers to the most common questions about buying HURN stock.
Huron Consulting Group Inc.'s current P/E ratio is 23.9x. The historical average is 31.7x. This places it at the 42th percentile of its historical range.
Huron Consulting Group Inc.'s current EV/EBITDA is 12.8x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 14.2x.
Huron Consulting Group Inc.'s return on equity (ROE) is 19.3%. The historical average is 11.5%.
Based on historical data, Huron Consulting Group Inc. is trading at a P/E of 23.9x. This is at the 42th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Huron Consulting Group Inc. has 29.9% gross margin and 11.7% operating margin. Operating margin between 10-20% is typical for established companies.
Huron Consulting Group Inc.'s Debt/EBITDA ratio is 2.4x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.
Key Metrics
Top Statement Risk
Leverage metric reliability and receivables timing
Metrics are mathematically derived from official filings.
Premium Multiple Prices in Growth Recovery
HURN trades at 28.57x trailing earnings and 18.02x forward earnings, a sharp compression that, based on reported figures, implies the market expects earnings to rise roughly 58 percent over the next year against 18.0% quarterly revenue growth in Q2 2026.
Relative to peers, HURN's 13.71x EV/EBITDA sits between the lower multiples of ICFI and FORR and the higher multiples of CRAI and KFRC, suggesting a specialist premium that is not fully explained by its 11.73% operating margin. The gap between trailing and forward P/E indicates the market is capitalizing an earnings recovery rather than current run-rate profitability. Investors should monitor whether the forward estimate holds given recent EPS volatility.
Margins Plateau Below Earning Power Potential
As reported in financial statements, HURN's gross margin oscillated between 27.8% and 33.2% across ten quarters, with the 32.2% print in Q3 2026 still below the 33.0% level of late 2024, indicating limited pricing power in the core consulting model.
Operating margin improved to 12.0% in Q3 2026 from 11.5% in Q3 2024, a modest gain against roughly 33% revenue growth that suggests weak operating leverage. Net margin of 5.8% trails the 10.1% peak seen in Q2 2024, which points to below-the-line items or higher tax and interest drag absorbing a meaningful share of operating gains. The profile looks structurally capped by a labor-intensive cost base rather than a temporary trough.
Returns Compress as Invested Capital Expands
Based on HURN's reported figures, ROIC fell to 3.6% in Q3 2026 from 4.2% in Q2 2024 while ROE ranged between 4.0% and 8.0%, suggesting that acquisition-driven capital growth may be diluting returns faster than operating improvements offset it.
The ROIC trajectory is weak for a firm positioned as a specialist advisor, and returns appear to be trending lower as goodwill and debt have grown. With goodwill representing roughly half of total assets, a meaningful portion of invested capital appears to earn acquisition returns rather than organic ones. Whether returns recover likely depends on margin expansion from managed services or on buybacks shrinking the equity base in a favorable way.
Reported Leverage Metrics Demand Verification
According to reported quarterly figures, HURN's debt-to-equity ratio swung from 0.71 in Q4 2024 to 2.25 in Q2 2026, while interest coverage ranged between 4.0x and 17.3x, a range wide enough to question the internal consistency of the reported ratio series.
Total debt of $846.5M against a shrinking equity base of $392.3M implies meaningful leverage, which sits uneasily with the 1.04% debt-to-equity figure cited in company-level flags and suggests a units or calculation discrepancy between data sources. Interest coverage stays above 4x in every reported quarter, which provides a cushion, but coverage has fallen from late-2024 levels as debt rose. Investors should verify the debt definition, including whether leases are included, before relying on any single leverage figure.
Liquidity Rests on Receivables Rather Than Cash
As reported in financial statements, HURN held just $25.6M in cash in Q3 2026 against a current ratio of 1.60, meaning short-term obligations appear to be covered primarily by collecting receivables rather than by cash reserves.
The current ratio has declined from 2.08 in Q1 2025 to 1.60 in Q3 2026, indicating current liabilities are growing faster than current assets. Because quick and current ratios are identical in the reported data, inventory is not a meaningful factor, and liquidity therefore depends on receivables timing. Under stress, slower client payments from hospitals or universities would likely compress the buffer quickly.
Misapplied Ratio: Trailing P/E Overstates Cost
Based on reported figures, HURN's 28.57x trailing P/E may be the most misapplied metric for this business, since quarterly EPS swings such as the jump from $1.09 to $1.91 can distort a trailing multiple that is not a clean read on recurring earnings power.
Trailing P/E is commonly used as a shorthand for value, but for a consulting firm with lumpy success fees, percentage-of-completion revenue recognition, and stock-based compensation added back in cash flow, it can obscure true earnings quality. An alternative such as EV/EBITDA adjusted for stock compensation, or free cash flow yield normalized across several quarters, would likely provide a steadier read. Investors should treat the wide gap between trailing and forward P/E as a signal to examine the underlying earnings base rather than as evidence of cheapness.