F

Huron Consulting Group Inc. — Earnings Quality Grade F

HURN · Industrials

Major red flags

Revenue
$1.7B
2025
Net Income
$105M
2025
Gross Margin
31.8%
Free Cash Flow
$162M
01

Screening Summary

14
Passed
0
Watch
3
Failed
-2.84
M-Score

Management Signals

No recent CEO, CFO, board, or accounting leadership signals found in SEC 8-K filings.
02

Financial Trends

Revenue & Net Income ($B)

Margins (%)

03

18-Point Screening

01

Revenue Quality

A1DSO Change

DSO 40 days, change -7 days YoY

A2AR vs Revenue Growth

AR growth -5.7% vs revenue growth 11.7%

A3Revenue vs CFFO

Revenue grew 11.7% but CFFO declined -3.9%

02

Expense Quality

B1Inventory vs COGS

No material inventory

B2CapEx vs Revenue

CapEx growth -4.6% vs revenue 11.7%. Normal

B3SG&A Ratio

SG&A/Gross Profit = 58.8%. Normal

B4Gross Margin

Gross margin 31.8%, change +0.5pp. Stable

03

Cash Flow Quality

C1CFFO vs Net Income

CFFO/NI = 1.84. Profits backed by cash

C2Free Cash Flow

FCF $0.2B, FCF/NI = 1.55

C3Accruals Ratio

Accruals ratio = -5.8%. Low accruals

C4Cash vs Debt

Cash $0.0B covers only 4% of debt $0.5B

04

Balance Sheet Health

D1Goodwill + Intangibles

Goodwill+Intangibles $0.9B = 163% of equity. Over 50%

D2Leverage

Debt/EBITDA = 2.5x. Healthy

D3Soft Asset Growth

Other assets 15.6% vs revenue 11.7%. Normal

D4Asset Impairment

No write-off data

05

Acquisition Risk

E1Serial Acquirer FCF

FCF after acquisitions positive

E2Goodwill Surge

Goodwill+Intangibles change 22% YoY. Normal

06

Manipulation Score

F1Beneish M-Score

M-Score = -2.84 (< -2.22). Unlikely manipulator

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04

Beneish M-Score

Manipulation Probability-2.84
-4.0 Clean-2.22 Grey-1.78 Danger0
0.845
DSRI
AR growing faster than revenue?
0.983
GMI
Gross margin declining?
1.019
AQI
Asset quality deteriorating?
1.117
SGI
Revenue growth rate
0.895
DEPI
Depreciation slowing?
0.994
SGAI
SG&A ratio changing?
-0.0579
TATA
Accruals level
1.127
LVGI
Leverage increasing?
05

Altman Z-Score

3.02
Safe Zone
0 Distress1.102.605.0+ Safe
0.0427
Liquidity
0.417
Cumulative profit
0.123
Operating efficiency
0.5297
Leverage

Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25