8 Most Profitable Small-Cap Stocks To Invest In

4. Huron Consulting Group Inc. (NASDAQ:HURN)

Market Cap: $1.90 billion 

5-year Net Income Growth: 25.83%

TTM Net Income: $79.84 million 

Number of Hedge Fund Holders as of Q2 2024: 23

Huron Consulting Group (NASDAQ:HURN) is a professional services company that operates in three segments: Education, Healthcare, and Commercial. The company is running on strong fundamentals and has experienced solid second-quarter growth driven by its Healthcare and Education segments.

It expanded its adjusted EBITDA margin to 15%, with its adjusted earnings per share also expanding to a record 20% higher than the previous high watermark set in Q3 2023. It generated record cash flow in Q2 2024, allowing the company to meaningfully reduce its debt and return capital to shareholders through ongoing share repurchases. Its record Q2 performance capped a solid first-half 2024 performance.

These results highlight a strong execution strategy along with the positive impact and changes made to its enterprise operating model at the outset of 2022. These changes have expanded the set of offerings the company delivers to its core industry clients, allowing it to operate its business at improved efficiency levels.

Huron Consulting Group’s (NASDAQ:HURN) strategic focus lies on driving sustainable revenue growth, effectively deploying capital, and expanding margins to deliver superior returns for its shareholders. The company’s earning power has improved, primarily due to the scaling of its business over the past three years, the build-out of its global delivery capacity, and enhanced focus on key operating levers like utilization and pricing.