HURN | Market Cap: $1.8B (07/13/26)
Industry:
Commercial Services

DESCRIPTION

Huron Consulting Group is a professional services firm that sells management consulting and digital transformation services, primarily to healthcare providers and higher education institutions. Huron's work falls into two broad categories. First, consulting and managed services, where Huron helps clients improve financial and operational performance, navigate strategic challenges, manage organizational change, and outsource recurring business functions — including revenue cycle management, cost reduction, restructuring, and fundraising advisory. Second, digital services, where Huron implements and manages enterprise technology platforms (Workday, Salesforce, Oracle, SAP, Microsoft) and builds data, analytics, and AI capabilities. Huron also sells proprietary software, most notably the Huron Research Suite for university research administration compliance. Huron operates three segments: Healthcare (~50% of revenue), Education (~30%), and Commercial (~20%), the last of which serves financial services, industrials, and public sector clients. Revenue is driven by billable headcount utilization, billing rates, and engagement size — Huron targets utilization in the upper-70% range. Costs are predominantly salaries, so margins expand when revenue growth outpaces hiring. Huron grows organically by expanding wallet share at existing clients and hiring managing directors who bring client relationships, and inorganically through tuck-in acquisitions targeting capability gaps. Huron also consistently returns capital through share repurchases.

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