Latest Ratios: P/E Ratio 18.1x · EV/EBITDA 9.7x · 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 | $1.7B | $3.1B | $2.3B | $2.0B | $1.5B | $1.1B | $1.3B | $1.5B | $1.1B | $867M | $1.1B |
| Enterprise Value | $2.2B | $3.6B | $2.7B | $2.4B | $1.8B | $1.4B | $1.5B | $1.9B | $1.4B | $1.2B | $1.4B |
| P/E Ratio → | 18.14 | 29.61 | 19.82 | 32.23 | 19.95 | 17.27 | — | 37.15 | 82.76 | — | 28.78 |
| P/S Ratio | 1.01 | 1.83 | 1.56 | 1.48 | 1.33 | 1.20 | 1.53 | 1.76 | 1.42 | 1.18 | 1.49 |
| P/B Ratio | 3.61 | 5.88 | 4.12 | 3.78 | 2.73 | 1.90 | 2.34 | 2.83 | 2.09 | 1.72 | 1.67 |
| P/FCF | 9.39 | 17.00 | 12.00 | 20.13 | 24.65 | 488.67 | 10.72 | 14.23 | 13.06 | 11.72 | 9.58 |
| P/OCF | 8.88 | 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 | 9.67 | 15.69 | 14.42 | 16.53 | 15.18 | 18.54 | — | 19.60 | 15.51 | — | 11.34 |
| EV / EBIT | 11.25 | 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 | 2.14 | 2.60 | 2.86 | 4.04 | — | 3.42 | 3.30 | — | 2.43 |
| 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 | 2.02 | 2.52 | 2.76 | 3.76 | — | 3.30 | 2.93 | — | 2.29 |
| 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 | 5.5% | 3.4% | 5.0% | 3.1% | 5.0% | 5.8% | — | 2.7% | 1.2% | — | 3.5% |
| FCF Yield | 10.7% | 5.9% | 8.3% | 5.0% | 4.1% | 0.2% | 9.3% | 7.0% | 7.7% | 8.5% | 10.4% |
| Buyback Yield | 9.7% | 5.4% | 6.3% | 6.6% | 8.5% | 6.9% | 2.7% | 1.2% | 0.3% | 0.6% | 5.5% |
| Total Shareholder Yield | 9.7% | 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 |
Professional labor wage inflation
According to current market data, Huron trades at a forward P/E of 11.17, which appears to discount the firm as a cyclical advisory player rather than a secular beneficiary of institutional digital transformation, potentially undervaluing the recurring revenue characteristics of its managed services segment relative to broader consulting peers.
The current valuation multiple suggests investors are pricing in significant volatility from the Business Advisory segment while ignoring the stability of the Healthcare and Education institutional client base. This discrepancy warrants further investigation into whether the market is misclassifying Huron as a generic staffing firm rather than a specialized operational partner.
Based on reported financial statements, Huron's ROIC has struggled to exceed 4.0% over the last ten quarters, indicating that the firm's aggressive tuck-in acquisition strategy has yet to generate the expected compounding returns on invested capital required to justify its current asset-heavy balance sheet structure.
The persistent gap between ROIC and the firm's cost of capital suggests that recent digital acquisitions may be diluting overall efficiency rather than enhancing it. Investors should monitor whether management can improve utilization rates to drive higher returns on the capital deployed into these specialized service niches.
As reported in quarterly filings, Huron's DSO has remained elevated near 84-98 days, reflecting the long payment cycles inherent in public sector and academic institutional contracts, which creates significant working capital pressure and limits the firm's ability to maintain a consistent cash conversion cycle.
The reliance on large-scale, milestone-based projects makes the firm's cash flow highly sensitive to client payment timing, which often obscures the underlying operational efficiency. This structural reality suggests that Huron's liquidity position is more vulnerable to client-side delays than a typical service provider with shorter billing cycles.
According to recent balance sheet data, Huron's debt-to-equity ratio has climbed to 2.23 in 2026Q1, a marked increase from 0.70 in 2023Q4, suggesting a pivot toward debt-funded growth that warrants close monitoring of interest coverage ratios in a potentially higher-for-longer interest rate environment.
While the firm has historically maintained a conservative profile, the recent escalation in leverage indicates a more aggressive capital allocation strategy. Investors should assess whether this increased debt load provides sufficient incremental growth to offset the heightened financial risk and potential constraints on future operational flexibility.
The P/E ratio is frequently misapplied to Huron's business model because it fails to account for the significant non-cash impact of stock-based compensation and the lumpy nature of success-based fees, which can distort quarterly earnings and mask the firm's true underlying cash-generating capacity.
Analysts should instead focus on EV/EBITDA or free cash flow yield to better capture the firm's operational performance, as these metrics are less susceptible to the accounting nuances of professional services. Relying solely on P/E may lead to an inaccurate assessment of the firm's valuation relative to its actual cash-generating potential.
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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 18.1x. The historical average is 31.7x. This places it at the 5th percentile of its historical range.
Huron Consulting Group Inc.'s current EV/EBITDA is 9.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 14.4x.
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 18.1x. This is at the 5th 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.