Huron Consulting Group Inc. (NASDAQ: HURN)

Huron is a global professional services firm that partners with clients to put possible into practice by creating sound strategies, optimizing operations, accelerating digital transformation, and empowering businesses to own their future. The firm is headquartered in Chicago, Illinois, with offices in the United States and abroad in Canada, France, India, Poland, Singapore, Switzerland, and the United Kingdom.

Huron generates revenue through its consulting and managed services, digital services, and software products offered across its three operating segments. In the year ended December 31, 2025, the Healthcare, Education, and Commercial segments contributed 50%, 30%, and 20% of consolidated revenues before reimbursable expenses, respectively. The firm serves a diverse client base including hospitals, health systems, academic medical centers, colleges, universities, research institutes, banks, asset managers, insurance companies, private equity firms, oil and gas utilities, manufacturing organizations, not-for-profit entities, and public sector organizations.

The company operates through the following segments.

• Healthcare: This segment serves acute care providers such as national and regional health systems, academic health systems, community health systems, federal health systems, public, children's and critical access hospitals, and non-acute care providers including physician practices, medical groups, payors, and long-term care or post-acute providers, offering financial and operational performance improvement consulting (revenue cycle, business operations, care delivery transformation), organizational transformation, revenue cycle managed services and outsourcing, financial and capital advisory, strategy and innovation consulting, digital services covering EHR, ERP, EPM, CRM systems, data management, AI and automation, technology managed services, and payor core administration, along with software products.

• Education: This segment serves public and private colleges and universities, research institutes, not-for-profit organizations, and other education-related entities, providing research-focused consulting and managed services, strategy and operations consulting covering finance, accounting, operations, athletics, organization and talent strategy, student and academic strategy, advancement and fundraising consulting bolstered by the acquisition of Grenzebach Glier and Associates (GG+A) in March 2024 and Advancement Resources and Halpin Partnership Limited (Halpin) in March 2025, digital services including student information, ERP, EPM, and CRM systems, data management, AI and automation, technology managed services, and the Huron Research Suite software product.

• Commercial: This segment serves industries facing disruption and regulatory change, working primarily with chief executive, chief financial, chief strategy, chief human resources, chief operating, chief risk officers, and organizational advisors including lenders and law firms, focusing on financial services, industrials and manufacturing, energy and utilities, public sector, and additionally professional and business services, life sciences, consumer products, and retail, delivering digital services and software products, financial and capital advisory (special situation and corporate finance), regulatory compliance and risk management consulting and managed services, strategy and innovation consulting, and financial and operational performance improvement consulting, strengthened by the acquisitions of TVG-Treliant Holdings, LLC (Treliant) and Wilson Perumal and Company, Inc. (WP&C) in the third quarter of 2025.

Huron operates in a highly fragmented and competitive professional services market that includes strategy, business operations, technology, and financial advisory consulting firms, general management consulting firms, the consulting practices of major accounting firms, technical and economic advisory firms, regional and specialty consultants, consulting divisions of technology partners, and the internal resources of client organizations.

The company differentiates itself through its reputation, ability to attract and retain top talent, capacity to deliver high-quality engagements that produce measurable and sustainable results, and deep industry and capability expertise across its balanced portfolio of offerings. While some competitors have broader geographic footprints, Huron’s combination of expertise and integrated digital capabilities enables it to compete favorably.

Huron serves over 2,000 clients spanning hospitals, health systems, academic medical centers, colleges, universities, research institutes, banks, asset managers, insurance companies, private equity firms, oil and gas and utilities companies, manufacturing organizations, not-for-profit entities, and public sector organizations, with its ten largest customers accounting for approximately 19% of consolidated revenues in 2025.