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Side-by-side financial comparison of Huron Consulting Group Inc. (HURN) and Penumbra Inc (PEN). 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 $385.4M, roughly 1.1× Penumbra Inc). Penumbra Inc runs the higher net margin — 12.3% vs 6.9%, a 5.3% gap on every dollar of revenue. On growth, Penumbra Inc posted the faster year-over-year revenue change (22.1% vs 10.7%). Huron Consulting Group Inc. produced more free cash flow last quarter ($123.8M vs $68.0M). Over the past eight quarters, Penumbra Inc's revenue compounded faster (17.6% 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.

Penumbra, Inc. is an American medical device company headquartered in Alameda, California. The company was founded by Arani Bose and Adam Elsesser in 2004. It manufactures devices for interventional therapies to treat vascular conditions such as stroke and aneurysm.

HURN vs PEN — Head-to-Head

Bigger by revenue
HURN
HURN
1.1× larger
HURN
$442.0M
$385.4M
PEN
Growing faster (revenue YoY)
PEN
PEN
+11.5% gap
PEN
22.1%
10.7%
HURN
Higher net margin
PEN
PEN
5.3% more per $
PEN
12.3%
6.9%
HURN
More free cash flow
HURN
HURN
$55.8M more FCF
HURN
$123.8M
$68.0M
PEN
Faster 2-yr revenue CAGR
PEN
PEN
Annualised
PEN
17.6%
10.3%
HURN

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
HURN
HURN
PEN
PEN
Revenue
$442.0M
$385.4M
Net Profit
$30.7M
$47.3M
Gross Margin
68.0%
Operating Margin
11.4%
15.4%
Net Margin
6.9%
12.3%
Revenue YoY
10.7%
22.1%
Net Profit YoY
-9.8%
40.6%
EPS (diluted)
$1.71
$1.20

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.

Revenue
HURN
HURN
PEN
PEN
Q4 25
$442.0M
$385.4M
Q3 25
$441.3M
$354.7M
Q2 25
$411.8M
$339.5M
Q1 25
$404.1M
$324.1M
Q4 24
$399.3M
$315.5M
Q3 24
$378.1M
$301.0M
Q2 24
$381.0M
$299.4M
Q1 24
$363.4M
$278.7M
Net Profit
HURN
HURN
PEN
PEN
Q4 25
$30.7M
$47.3M
Q3 25
$30.4M
$45.9M
Q2 25
$19.4M
$45.3M
Q1 25
$24.5M
$39.2M
Q4 24
$34.0M
$33.7M
Q3 24
$27.1M
$29.5M
Q2 24
$37.5M
$-60.2M
Q1 24
$18.0M
$11.0M
Gross Margin
HURN
HURN
PEN
PEN
Q4 25
68.0%
Q3 25
67.8%
Q2 25
66.0%
Q1 25
66.6%
Q4 24
66.8%
Q3 24
66.5%
Q2 24
54.4%
Q1 24
65.0%
Operating Margin
HURN
HURN
PEN
PEN
Q4 25
11.4%
15.4%
Q3 25
11.3%
13.8%
Q2 25
11.1%
12.0%
Q1 25
8.1%
12.4%
Q4 24
11.8%
13.6%
Q3 24
11.2%
11.7%
Q2 24
15.6%
-27.0%
Q1 24
5.5%
4.3%
Net Margin
HURN
HURN
PEN
PEN
Q4 25
6.9%
12.3%
Q3 25
6.9%
12.9%
Q2 25
4.7%
13.3%
Q1 25
6.1%
12.1%
Q4 24
8.5%
10.7%
Q3 24
7.2%
9.8%
Q2 24
9.8%
-20.1%
Q1 24
5.0%
3.9%
EPS (diluted)
HURN
HURN
PEN
PEN
Q4 25
$1.71
$1.20
Q3 25
$1.71
$1.17
Q2 25
$1.09
$1.15
Q1 25
$1.33
$1.00
Q4 24
$1.82
$0.88
Q3 24
$1.47
$0.75
Q2 24
$2.03
$-1.55
Q1 24
$0.95
$0.28

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
HURN
HURN
PEN
PEN
Cash + ST InvestmentsLiquidity on hand
$24.5M
$186.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$528.6M
$1.4B
Total Assets
$1.5B
$1.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HURN
HURN
PEN
PEN
Q4 25
$24.5M
$186.9M
Q3 25
$23.9M
$321.0M
Q2 25
$61.0M
$421.8M
Q1 25
$23.4M
$376.1M
Q4 24
$21.9M
$324.4M
Q3 24
$18.5M
$280.5M
Q2 24
$17.6M
$288.3M
Q1 24
$18.6M
$223.1M
Stockholders' Equity
HURN
HURN
PEN
PEN
Q4 25
$528.6M
$1.4B
Q3 25
$499.8M
$1.4B
Q2 25
$475.0M
$1.3B
Q1 25
$494.3M
$1.2B
Q4 24
$561.3M
$1.2B
Q3 24
$522.8M
$1.1B
Q2 24
$500.6M
$1.2B
Q1 24
$495.6M
$1.2B
Total Assets
HURN
HURN
PEN
PEN
Q4 25
$1.5B
$1.8B
Q3 25
$1.5B
$1.7B
Q2 25
$1.5B
$1.7B
Q1 25
$1.4B
$1.6B
Q4 24
$1.3B
$1.5B
Q3 24
$1.3B
$1.5B
Q2 24
$1.3B
$1.5B
Q1 24
$1.3B
$1.6B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
HURN
HURN
PEN
PEN
Operating Cash FlowLast quarter
$126.4M
$86.5M
Free Cash FlowOCF − Capex
$123.8M
$68.0M
FCF MarginFCF / Revenue
28.0%
17.7%
Capex IntensityCapex / Revenue
0.6%
4.8%
Cash ConversionOCF / Net Profit
4.12×
1.83×
TTM Free Cash FlowTrailing 4 quarters
$183.0M
$174.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HURN
HURN
PEN
PEN
Q4 25
$126.4M
$86.5M
Q3 25
$93.8M
$58.3M
Q2 25
$80.0M
$44.9M
Q1 25
$-106.8M
$49.0M
Q4 24
$139.6M
$51.1M
Q3 24
$85.2M
$56.5M
Q2 24
$107.2M
$22.6M
Q1 24
$-130.7M
$38.3M
Free Cash Flow
HURN
HURN
PEN
PEN
Q4 25
$123.8M
$68.0M
Q3 25
$89.8M
$42.0M
Q2 25
$78.0M
$29.4M
Q1 25
$-108.7M
$35.5M
Q4 24
$137.0M
$45.7M
Q3 24
$82.8M
$51.0M
Q2 24
$104.7M
$18.1M
Q1 24
$-131.9M
$32.5M
FCF Margin
HURN
HURN
PEN
PEN
Q4 25
28.0%
17.7%
Q3 25
20.3%
11.8%
Q2 25
18.9%
8.7%
Q1 25
-26.9%
11.0%
Q4 24
34.3%
14.5%
Q3 24
21.9%
16.9%
Q2 24
27.5%
6.0%
Q1 24
-36.3%
11.7%
Capex Intensity
HURN
HURN
PEN
PEN
Q4 25
0.6%
4.8%
Q3 25
0.9%
4.6%
Q2 25
0.5%
4.6%
Q1 25
0.5%
4.2%
Q4 24
0.7%
1.7%
Q3 24
0.6%
1.8%
Q2 24
0.6%
1.5%
Q1 24
0.3%
2.1%
Cash Conversion
HURN
HURN
PEN
PEN
Q4 25
4.12×
1.83×
Q3 25
3.08×
1.27×
Q2 25
4.12×
0.99×
Q1 25
-4.35×
1.25×
Q4 24
4.11×
1.52×
Q3 24
3.14×
1.91×
Q2 24
2.86×
Q1 24
-7.26×
3.48×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

HURN
HURN

Consulting And Managed Services Capability$172.9M39%
Education$118.7M27%
Commercial$91.9M21%
Digital Capability$54.6M12%

PEN
PEN

Thrombectomy$254.7M66%
Other$130.7M34%

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