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Side-by-side financial comparison of Huron Consulting Group Inc. (HURN) and PEGASYSTEMS INC (PEGA). Click either name above to swap in a different company.
Huron Consulting Group Inc. is the larger business by last-quarter revenue ($442.0M vs $430.0M, roughly 1.0× PEGASYSTEMS INC). PEGASYSTEMS INC runs the higher net margin — 7.6% vs 6.9%, a 0.7% gap on every dollar of revenue. On growth, Huron Consulting Group Inc. posted the faster year-over-year revenue change (10.7% vs -9.6%). PEGASYSTEMS INC produced more free cash flow last quarter ($206.5M vs $123.8M). Over the past eight quarters, PEGASYSTEMS INC's revenue compounded faster (10.7% 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.
Pegasystems Inc. (Pega) is a global software company based in Waltham, Massachusetts, in the United States, and founded in 1983. The company has been publicly traded since 1996 as PEGA (NASDAQ). Pega is a low-code platform for workflow automation and generative AI-powered decision-making for businesses.
HURN vs PEGA — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $442.0M | $430.0M |
| Net Profit | $30.7M | $32.8M |
| Gross Margin | — | 75.2% |
| Operating Margin | 11.4% | 8.6% |
| Net Margin | 6.9% | 7.6% |
| Revenue YoY | 10.7% | -9.6% |
| Net Profit YoY | -9.8% | — |
| EPS (diluted) | $1.71 | $0.18 |
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.
| Q1 26 | — | $430.0M | ||
| Q4 25 | $442.0M | $504.3M | ||
| Q3 25 | $441.3M | $381.4M | ||
| Q2 25 | $411.8M | $384.5M | ||
| Q1 25 | $404.1M | $475.6M | ||
| Q4 24 | $399.3M | $490.8M | ||
| Q3 24 | $378.1M | $325.1M | ||
| Q2 24 | $381.0M | $351.2M |
| Q1 26 | — | $32.8M | ||
| Q4 25 | $30.7M | $234.6M | ||
| Q3 25 | $30.4M | $43.4M | ||
| Q2 25 | $19.4M | $30.1M | ||
| Q1 25 | $24.5M | $85.4M | ||
| Q4 24 | $34.0M | $119.1M | ||
| Q3 24 | $27.1M | $-14.4M | ||
| Q2 24 | $37.5M | $6.6M |
| Q1 26 | — | 75.2% | ||
| Q4 25 | — | 79.5% | ||
| Q3 25 | — | 72.2% | ||
| Q2 25 | — | 71.5% | ||
| Q1 25 | — | 78.5% | ||
| Q4 24 | — | 79.1% | ||
| Q3 24 | — | 70.2% | ||
| Q2 24 | — | 72.4% |
| Q1 26 | — | 8.6% | ||
| Q4 25 | 11.4% | 20.7% | ||
| Q3 25 | 11.3% | 3.8% | ||
| Q2 25 | 11.1% | 4.5% | ||
| Q1 25 | 8.1% | 26.7% | ||
| Q4 24 | 11.8% | 29.1% | ||
| Q3 24 | 11.2% | -3.6% | ||
| Q2 24 | 15.6% | 3.7% |
| Q1 26 | — | 7.6% | ||
| Q4 25 | 6.9% | 46.5% | ||
| Q3 25 | 6.9% | 11.4% | ||
| Q2 25 | 4.7% | 7.8% | ||
| Q1 25 | 6.1% | 18.0% | ||
| Q4 24 | 8.5% | 24.3% | ||
| Q3 24 | 7.2% | -4.4% | ||
| Q2 24 | 9.8% | 1.9% |
| Q1 26 | — | $0.18 | ||
| Q4 25 | $1.71 | $0.81 | ||
| Q3 25 | $1.71 | $0.24 | ||
| Q2 25 | $1.09 | $0.17 | ||
| Q1 25 | $1.33 | $0.91 | ||
| Q4 24 | $1.82 | $1.35 | ||
| Q3 24 | $1.47 | $-0.17 | ||
| Q2 24 | $2.03 | $0.07 |
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 | $270.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $528.6M | $705.9M |
| Total Assets | $1.5B | $1.6B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $270.0M | ||
| Q4 25 | $24.5M | $425.8M | ||
| Q3 25 | $23.9M | $351.4M | ||
| Q2 25 | $61.0M | $411.6M | ||
| Q1 25 | $23.4M | $371.7M | ||
| Q4 24 | $21.9M | $740.0M | ||
| Q3 24 | $18.5M | $703.0M | ||
| Q2 24 | $17.6M | $665.1M |
| Q1 26 | — | $705.9M | ||
| Q4 25 | $528.6M | $787.4M | ||
| Q3 25 | $499.8M | $596.8M | ||
| Q2 25 | $475.0M | $624.5M | ||
| Q1 25 | $494.3M | $611.3M | ||
| Q4 24 | $561.3M | $585.5M | ||
| Q3 24 | $522.8M | $473.0M | ||
| Q2 24 | $500.6M | $435.4M |
| Q1 26 | — | $1.6B | ||
| Q4 25 | $1.5B | $1.6B | ||
| Q3 25 | $1.5B | $1.3B | ||
| Q2 25 | $1.5B | $1.3B | ||
| Q1 25 | $1.4B | $1.3B | ||
| Q4 24 | $1.3B | $1.8B | ||
| Q3 24 | $1.3B | $1.6B | ||
| Q2 24 | $1.3B | $1.5B |
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 | — |
| Free Cash FlowOCF − Capex | $123.8M | $206.5M |
| FCF MarginFCF / Revenue | 28.0% | 48.0% |
| Capex IntensityCapex / Revenue | 0.6% | — |
| Cash ConversionOCF / Net Profit | 4.12× | — |
| TTM Free Cash FlowTrailing 4 quarters | $183.0M | $494.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $126.4M | $158.4M | ||
| Q3 25 | $93.8M | $56.3M | ||
| Q2 25 | $80.0M | $86.3M | ||
| Q1 25 | $-106.8M | $204.2M | ||
| Q4 24 | $139.6M | $95.2M | ||
| Q3 24 | $85.2M | $30.5M | ||
| Q2 24 | $107.2M | $40.1M |
| Q1 26 | — | $206.5M | ||
| Q4 25 | $123.8M | $152.4M | ||
| Q3 25 | $89.8M | $51.8M | ||
| Q2 25 | $78.0M | $84.1M | ||
| Q1 25 | $-108.7M | $202.3M | ||
| Q4 24 | $137.0M | $92.4M | ||
| Q3 24 | $82.8M | $27.4M | ||
| Q2 24 | $104.7M | $38.8M |
| Q1 26 | — | 48.0% | ||
| Q4 25 | 28.0% | 30.2% | ||
| Q3 25 | 20.3% | 13.6% | ||
| Q2 25 | 18.9% | 21.9% | ||
| Q1 25 | -26.9% | 42.5% | ||
| Q4 24 | 34.3% | 18.8% | ||
| Q3 24 | 21.9% | 8.4% | ||
| Q2 24 | 27.5% | 11.1% |
| Q1 26 | — | — | ||
| Q4 25 | 0.6% | 1.2% | ||
| Q3 25 | 0.9% | 1.2% | ||
| Q2 25 | 0.5% | 0.6% | ||
| Q1 25 | 0.5% | 0.4% | ||
| Q4 24 | 0.7% | 0.6% | ||
| Q3 24 | 0.6% | 0.9% | ||
| Q2 24 | 0.6% | 0.4% |
| Q1 26 | — | — | ||
| Q4 25 | 4.12× | 0.68× | ||
| Q3 25 | 3.08× | 1.30× | ||
| Q2 25 | 4.12× | 2.87× | ||
| Q1 25 | -4.35× | 2.39× | ||
| Q4 24 | 4.11× | 0.80× | ||
| Q3 24 | 3.14× | — | ||
| Q2 24 | 2.86× | 6.06× |
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% |
PEGA
| Pega Cloud | $205.0M | 48% |
| Subscription license | $94.9M | 22% |
| Maintenance | $75.3M | 18% |
| Consulting | $54.8M | 13% |
