The Hackett Group, Inc. (HCKT) Stock

The Hackett Group, Inc. (HCKT) is a Technology stock trading at $10.97 (as of 2026-09-02), with a market capitalization of $272.91M and a trailing P/E of 16.2. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

The Hackett Group, Inc. provides best-practice intelligence, advisory access, and research through platforms and programs that include online repositories, web-based accelerators and inquiry, and peer interaction such as member webcasts and conferences. It also runs benchmarking studies and business transformation practices for functions including finance, HR, IT, procurement, and shared services, serving organizations primarily in North America and internationally.

Understand The Hackett Group, Inc.: how it makes money

The Hackett Group sells best-practice research and ERP implementation consulting (SAP and Oracle) to mid-market enterprises, charging for access to a library of proven process benchmarks and advisory project hours. Revenue splits roughly 60/40 between its recurring research platform and project-based implementation work, with a small number of large clients driving a quarter of billings.

Margins depend on amortizing a fixed research content base across many client engagements, while the Oracle and SAP implementation arms add cyclical, headcount-driven revenue tied to enterprise ERP upgrade cycles.

Revenue by segment (latest quarter)
Strategy & Business Transformation	$0.0B
Oracle Solutions	$0.0B
SAP Solutions	$0.0B
Other	$0.0B

Business quality (Weak): A small, single-track consulting business whose top line is shrinking, whose implementation arms are hostage to two ERP vendors' upgrade cadence, and whose 11% operating margin leaves little room for rate compression.

Valuation: Trades at 18× trailing earnings · $276M market cap.

Bull case

SAP segment bucking the trend: SAP Solutions revenue is growing 21.5% year over year, representing a quarter of total revenue. If SAP's cloud migration wave continues, this segment can offset weakness elsewhere and shift the mix toward higher-growth work.
Valuation is reasonable for the model: At a P/E of 17.8x with 40% gross margin, HCKT trades at a modest multiple that does not price in aggressive growth. The recurring research platform underpins a floor on revenue that is less cyclical than pure project-based shops.

Bear case

Oracle arm eroding fast: Oracle Solutions revenue fell 24.3% year over year, shrinking a segment that still represents roughly 20% of total revenue. If Oracle's own cloud strategy continues to reduce the need for external implementation partners, this revenue line may not recover.
Thin margin leaves no cushion: Operating margin is 11% on a revenue base already declining 12% year over year. At that spread, even modest rate pressure or a softer quarter in the core advisory segment would compress earnings sharply.

Valuation — source: SEC EDGAR (first-party)
Price	$10.97
Market Cap	$272.91M
P/E Ratio	16.2
EV / EBITDA	9.3
Price / Book	4.00
Price / Sales	0.95
FCF Yield	11.9%
DCF Value (model)	$6.73
DCF Upside vs Price	-38.7%

Profitability & Growth — source: SEC EDGAR
Revenue (TTM)	$305.63M
Net Margin	4.2%
Revenue Growth (YoY)	-12.1%
EPS Growth (YoY)	200.0%
FCF Growth (YoY)	-20.1%

Financial Health — source: SEC EDGAR
Altman Z-Score	3.80 (safe)
Piotroski F-Score	5/9 (moderate)

Valuation vs Sector & Industry
Stock P/E	16.2
Sector P/E (Technology)	31.8
Industry P/E (Business Services)	28.3
vs Sector	-49.1%
vs Industry	-42.7%

Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional Holder	ROYCE & ASSOCIATES LP ($38.55M)
Institutional Holders Tracked	10

Company
Sector	Technology
Industry	Business Services
CEO	Ted A. Fernandez
Employees	1,618
Country	US
IPO Date	1998-05-28

Related Companies (Business Services; 8 comparable business services companies)

Data as of 2026-09-02.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.