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Side-by-side financial comparison of Huron Consulting Group Inc. (HURN) and Cloudflare, Inc. (NET). Click either name above to swap in a different company.
Cloudflare, Inc. is the larger business by last-quarter revenue ($614.5M vs $442.0M, roughly 1.4× Huron Consulting Group Inc.). Huron Consulting Group Inc. runs the higher net margin — 6.9% vs -2.0%, a 8.9% gap on every dollar of revenue. On growth, Cloudflare, Inc. posted the faster year-over-year revenue change (33.6% vs 10.7%). Huron Consulting Group Inc. produced more free cash flow last quarter ($123.8M vs $105.2M). Over the past eight quarters, Cloudflare, Inc.'s revenue compounded faster (27.4% CAGR vs 10.3%).
Huron Consulting Group, commonly known as Huron, is a management consulting firm offering services to the healthcare, life sciences, commercial, and higher education industries.
Cloudflare, Inc. is an American technology company headquartered in San Francisco, California, that provides a range of internet services, including content delivery network (CDN) services, cloud cybersecurity, DDoS mitigation, and ICANN-accredited domain registration. The company's services act primarily as a reverse proxy between website visitors and a customer's hosting provider, improving performance and protecting against malicious traffic.
HURN vs NET — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $442.0M | $614.5M |
| Net Profit | $30.7M | $-12.1M |
| Gross Margin | — | 73.6% |
| Operating Margin | 11.4% | -8.0% |
| Net Margin | 6.9% | -2.0% |
| Revenue YoY | 10.7% | 33.6% |
| Net Profit YoY | -9.8% | 6.0% |
| EPS (diluted) | $1.71 | $-0.03 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $442.0M | $614.5M | ||
| Q3 25 | $441.3M | $562.0M | ||
| Q2 25 | $411.8M | $512.3M | ||
| Q1 25 | $404.1M | $479.1M | ||
| Q4 24 | $399.3M | $459.9M | ||
| Q3 24 | $378.1M | $430.1M | ||
| Q2 24 | $381.0M | $401.0M | ||
| Q1 24 | $363.4M | $378.6M |
| Q4 25 | $30.7M | $-12.1M | ||
| Q3 25 | $30.4M | $-1.3M | ||
| Q2 25 | $19.4M | $-50.4M | ||
| Q1 25 | $24.5M | $-38.5M | ||
| Q4 24 | $34.0M | $-12.8M | ||
| Q3 24 | $27.1M | $-15.3M | ||
| Q2 24 | $37.5M | $-15.1M | ||
| Q1 24 | $18.0M | $-35.5M |
| Q4 25 | — | 73.6% | ||
| Q3 25 | — | 74.0% | ||
| Q2 25 | — | 74.9% | ||
| Q1 25 | — | 75.9% | ||
| Q4 24 | — | 76.4% | ||
| Q3 24 | — | 77.7% | ||
| Q2 24 | — | 77.8% | ||
| Q1 24 | — | 77.5% |
| Q4 25 | 11.4% | -8.0% | ||
| Q3 25 | 11.3% | -6.7% | ||
| Q2 25 | 11.1% | -13.1% | ||
| Q1 25 | 8.1% | -11.1% | ||
| Q4 24 | 11.8% | -7.5% | ||
| Q3 24 | 11.2% | -7.2% | ||
| Q2 24 | 15.6% | -8.7% | ||
| Q1 24 | 5.5% | -14.4% |
| Q4 25 | 6.9% | -2.0% | ||
| Q3 25 | 6.9% | -0.2% | ||
| Q2 25 | 4.7% | -9.8% | ||
| Q1 25 | 6.1% | -8.0% | ||
| Q4 24 | 8.5% | -2.8% | ||
| Q3 24 | 7.2% | -3.6% | ||
| Q2 24 | 9.8% | -3.8% | ||
| Q1 24 | 5.0% | -9.4% |
| Q4 25 | $1.71 | $-0.03 | ||
| Q3 25 | $1.71 | $0.00 | ||
| Q2 25 | $1.09 | $-0.15 | ||
| Q1 25 | $1.33 | $-0.11 | ||
| Q4 24 | $1.82 | $-0.05 | ||
| Q3 24 | $1.47 | $-0.04 | ||
| Q2 24 | $2.03 | $-0.04 | ||
| Q1 24 | $0.95 | $-0.10 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $24.5M | $943.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $528.6M | $1.5B |
| Total Assets | $1.5B | $6.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $24.5M | $943.5M | ||
| Q3 25 | $23.9M | $1.1B | ||
| Q2 25 | $61.0M | $1.5B | ||
| Q1 25 | $23.4M | $204.5M | ||
| Q4 24 | $21.9M | $147.7M | ||
| Q3 24 | $18.5M | $182.9M | ||
| Q2 24 | $17.6M | $157.0M | ||
| Q1 24 | $18.6M | $254.4M |
| Q4 25 | $528.6M | $1.5B | ||
| Q3 25 | $499.8M | $1.3B | ||
| Q2 25 | $475.0M | $1.2B | ||
| Q1 25 | $494.3M | $1.4B | ||
| Q4 24 | $561.3M | $1.0B | ||
| Q3 24 | $522.8M | $973.1M | ||
| Q2 24 | $500.6M | $881.5M | ||
| Q1 24 | $495.6M | $797.2M |
| Q4 25 | $1.5B | $6.0B | ||
| Q3 25 | $1.5B | $5.8B | ||
| Q2 25 | $1.5B | $5.6B | ||
| Q1 25 | $1.4B | $3.7B | ||
| Q4 24 | $1.3B | $3.3B | ||
| Q3 24 | $1.3B | $3.1B | ||
| Q2 24 | $1.3B | $2.9B | ||
| Q1 24 | $1.3B | $2.8B |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $126.4M | $190.4M |
| Free Cash FlowOCF − Capex | $123.8M | $105.2M |
| FCF MarginFCF / Revenue | 28.0% | 17.1% |
| Capex IntensityCapex / Revenue | 0.6% | 13.9% |
| Cash ConversionOCF / Net Profit | 4.12× | — |
| TTM Free Cash FlowTrailing 4 quarters | $183.0M | $287.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $126.4M | $190.4M | ||
| Q3 25 | $93.8M | $167.1M | ||
| Q2 25 | $80.0M | $99.8M | ||
| Q1 25 | $-106.8M | $145.8M | ||
| Q4 24 | $139.6M | $127.3M | ||
| Q3 24 | $85.2M | $104.7M | ||
| Q2 24 | $107.2M | $74.8M | ||
| Q1 24 | $-130.7M | $73.6M |
| Q4 25 | $123.8M | $105.2M | ||
| Q3 25 | $89.8M | $82.5M | ||
| Q2 25 | $78.0M | $39.9M | ||
| Q1 25 | $-108.7M | $59.9M | ||
| Q4 24 | $137.0M | $54.2M | ||
| Q3 24 | $82.8M | $54.5M | ||
| Q2 24 | $104.7M | $45.2M | ||
| Q1 24 | $-131.9M | $41.5M |
| Q4 25 | 28.0% | 17.1% | ||
| Q3 25 | 20.3% | 14.7% | ||
| Q2 25 | 18.9% | 7.8% | ||
| Q1 25 | -26.9% | 12.5% | ||
| Q4 24 | 34.3% | 11.8% | ||
| Q3 24 | 21.9% | 12.7% | ||
| Q2 24 | 27.5% | 11.3% | ||
| Q1 24 | -36.3% | 11.0% |
| Q4 25 | 0.6% | 13.9% | ||
| Q3 25 | 0.9% | 15.1% | ||
| Q2 25 | 0.5% | 11.7% | ||
| Q1 25 | 0.5% | 17.9% | ||
| Q4 24 | 0.7% | 15.9% | ||
| Q3 24 | 0.6% | 11.7% | ||
| Q2 24 | 0.6% | 7.4% | ||
| Q1 24 | 0.3% | 8.5% |
| Q4 25 | 4.12× | — | ||
| Q3 25 | 3.08× | — | ||
| Q2 25 | 4.12× | — | ||
| Q1 25 | -4.35× | — | ||
| Q4 24 | 4.11× | — | ||
| Q3 24 | 3.14× | — | ||
| Q2 24 | 2.86× | — | ||
| Q1 24 | -7.26× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HURN
| Consulting And Managed Services Capability | $172.9M | 39% |
| Education | $118.7M | 27% |
| Commercial | $91.9M | 21% |
| Digital Capability | $54.6M | 12% |
NET
| Sales Channel Directly To Consumer | $438.5M | 71% |
| Sales Channel Through Intermediary | $176.0M | 29% |
