ASGN Inc. (ASGN) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q4 26	$1	$0.69	-31.0%	—	—	—
Q3 26	$0.79	$0.59	-25.3%	—	—	—
Q2 26	$1.22	$1.31	+7.4%	—	—	—
Q1 26	$1.08	$1.17	+8.3%	—	—	—
Q4 25	$0.95	$0.92	-3.2%	—	—	—
Q3 25	$1.21	$1.28	+5.8%	—	—	—
Q2 25	$1.35	$1.43	+5.9%	—	—	—
Q1 25	$1.33	$1.36	+2.3%	—	—	—
Q4 24	$1.14	$1.16	+1.8%	—	—	—
Q3 24	$1.33	$1.45	+9.0%	—	—	—
Q2 24	$1.56	$1.68	+7.7%	—	—	—
Q1 24	$1.49	$1.59	+6.7%	—	—	—
Q4 23	$1.43	$1.38	-3.5%	—	—	—
Q3 23	$1.5	$1.51	+0.7%	—	—	—
Q2 23	$1.78	$1.79	+0.6%	—	—	—
Q1 23	$1.65	$1.71	+3.6%	—	—	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$2.62	—	—	$4B	—
FY24	—	$3.88	—	—	$4.1B	—
FY23	—	$4.54	—	—	$4.5B	—
FY22	—	$5.3	—	—	$4.6B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$2.4B	$2.6B	$3.4B	$3.4B	$3.5B	$4B	$4.6B	$4.5B	$4.1B	$4B
YoY change	+18.2%	+7.6%	+29.5%	+0.46%	+2.53%	+14.5%	+14.3%	-2.85%	-7.88%	-2.91%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	2.4B	2.6B	3.4B	3.4B	3.5B	4B	4.6B	4.5B	4.1B	4B
Cost of revenue	1.6B	1.8B	2.4B	2.4B	2.6B	2.9B	3.2B	3.2B	2.9B	2.8B
Gross profit	795.2M	850.1M	1B	971.5M	947.2M	1.1B	1.4B	1.3B	1.2B	1.1B
Gross margin	32.6%	32.4%	30.1%	28.4%	27%	28.5%	29.9%	28.8%	28.9%	28.9%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	565.8M	592M	705M	645M	615M	735.8M	895M	844.2M	821.2M	854M
Operating expenses	565.8M	592M	705M	645M	615M	735.8M	895M	844.2M	821.2M	854M
Operating income	189.7M	224.7M	260.2M	276.2M	281.2M	350.9M	409.5M	364.1M	304.4M	230.3M
Operating margin	7.77%	8.56%	7.65%	8.09%	8.03%	8.75%	8.94%	8.18%	7.42%	5.79%
Non-operating income, net	—	—	—	-18.9M	—	—	—	—	—	—
Pretax income	157.4M	197.1M	204.2M	204.4M	241.5M	313.4M	363.6M	297.7M	240.1M	162.6M
Income tax	60.2M	39.2M	46.2M	54.7M	63.9M	81.6M	96.7M	78.4M	64.9M	49.1M
Net income	97.2M	157.7M	157.7M	174.7M	200.3M	409.9M	268.1M	219.3M	175.2M	113.5M
Net margin	3.98%	6.01%	4.64%	5.11%	5.72%	10.2%	5.85%	4.93%	4.27%	2.85%
EBITDA	252M	283.3M	355.2M	367.4M	370.9M	440.5M	500.9M	464.4M	400.7M	343.8M
EPS	1.83	3.01	3.02	3.31	3.8	7.78	5.3	4.54	3.88	2.62
Diluted EPS	1.81	2.97	2.98	3.28	3.76	7.66	5.23	4.5	3.83	2.6

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q2 23	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26
Revenue	1.1B	1.1B	1.1B	1B	1B	1B	985M	968.3M	1B	1B	980.1M	968.3M
Cost of revenue	804.6M	794.4M	769.2M	752.8M	733.6M	730.6M	699M	692.9M	727.3M	714.5M	696.6M	701.7M
Gross profit	326.3M	322.4M	304.9M	296.2M	301.1M	300.4M	286M	275.4M	293.3M	296.9M	283.5M	266.6M
Gross margin	28.9%	28.9%	28.4%	28.2%	29.1%	29.1%	29%	28.4%	28.7%	29.4%	28.9%	27.5%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	210.5M	206M	203.6M	210.2M	205.6M	207.5M	197.9M	214.5M	216.8M	212.2M	210.5M	224.4M
Operating expenses	210.5M	206M	203.6M	210.2M	205.6M	207.5M	197.9M	214.5M	216.8M	212.2M	210.5M	224.4M
Operating income	97.9M	98.6M	83.4M	70.9M	80.4M	78.9M	74.2M	46.6M	59.6M	67.9M	56.2M	27.7M
Operating margin	8.66%	8.83%	7.76%	6.76%	7.77%	7.65%	7.53%	4.81%	5.84%	6.71%	5.73%	2.86%
Non-operating income, net	—	—	—	—	—	—	—	—	—	—	—	—
Pretax income	82.1M	80.1M	66.7M	53.3M	64.6M	62.9M	59.3M	31.2M	41.4M	50.5M	39.5M	10.6M
Income tax	22M	20.7M	16.4M	15.2M	17.4M	15.4M	16.9M	10.3M	12.1M	12.4M	14.3M	5.1M
Net income	60.1M	59.4M	50.3M	38.1M	47.2M	47.5M	42.4M	20.9M	29.3M	38.1M	25.2M	5.5M
Net margin	5.31%	5.32%	4.68%	3.63%	4.56%	4.61%	4.3%	2.16%	2.87%	3.77%	2.57%	0.57%
EBITDA	122.8M	123.4M	109.1M	95.4M	104.9M	102.3M	98.1M	72.2M	88.3M	97.2M	86.1M	55.7M
EPS	1.23	1.23	1.07	0.82	1.03	1.07	0.96	0.48	0.67	0.88	0.59	0.13
Diluted EPS	1.22	1.23	1.06	0.81	1.02	1.06	0.95	0.48	0.67	0.87	0.59	0.13

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	2.3B	3.4B	2.9B	3.7B	4.4B	6.5B	4.1B	4.6B	3.8B	2.1B	1.4B
Enterprise value	3B	3.9B	3.9B	4.8B	5.2B	7.1B	5.2B	5.6B	4.7B	3.1B	2.1B
Shares outstanding	53.2M	52.5M	52.3M	52.8M	52.7M	52.7M	50.6M	48.3M	45.2M	43.4M	43.4M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	24.2	21.4	18.1	21.4	22	15.9	15.4	21.2	21.5	18.4	8.68
P/S	0.96	1.28	0.84	1.1	1.26	1.62	0.9	1.04	0.92	0.53	0.21
P/B	2.7	3.4	2.41	2.72	2.77	3.49	2.17	2.45	2.12	1.16	0.45
EV/EBITDA	11.8	13.8	11	13	14.1	16.1	10.3	12	11.6	9.01	5.87
EV/Sales	1.21	1.49	1.15	1.4	1.5	1.76	1.13	1.25	1.14	0.78	0.53
Earnings yield	4.14%	4.67%	5.53%	4.66%	4.55%	6.3%	6.5%	4.72%	4.65%	5.43%	11.5%
FCF yield	7.33%	5.1%	9.07%	7.49%	8.91%	2.44%	6.56%	8.98%	9.68%	13.8%	41.6%
PEG	—	—	—	—	—	—	—	—	—	—	-0.12

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	32.6%	32.4%	30.1%	28.4%	27%	28.5%	29.9%	28.8%	28.9%	28.9%	27.5%
Operating margin	7.77%	8.56%	7.65%	8.09%	8.03%	8.75%	8.94%	8.18%	7.42%	5.79%	4.18%
Net margin	3.98%	6.01%	4.64%	5.11%	5.72%	10.2%	5.85%	4.93%	4.27%	2.85%	2.46%
ROE	11.2%	15.9%	13.3%	12.7%	12.6%	22%	14.1%	11.6%	9.86%	6.29%	5.48%
ROA	5.55%	8.71%	5.87%	5.94%	6.11%	11.7%	7.48%	6.19%	5.11%	3.09%	4.13%
ROIC	7.9%	11.8%	8.99%	8.38%	8.52%	10.7%	10.2%	9.51%	8.31%	5.72%	4.7%
Return on tangible assets	-13%	-23.1%	-13.9%	-17.7%	-39.8%	-67%	-20%	-17.7%	-14.2%	-7.48%	-5.57%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	2.69	3	2.23	2.32	2.39	2.9	2.22	2.47	2.5	2.16	2.1
Quick ratio	2.69	3	2.23	2.32	2.39	2.9	2.22	2.47	2.5	2.16	2.1
Debt / equity	0.74	0.58	0.93	0.82	0.7	0.59	0.59	0.58	0.62	0.65	0.82
Debt / assets	0.37	0.32	0.41	0.39	0.34	0.31	0.31	0.31	0.32	0.32	0.36
Net debt / EBITDA	2.43	1.9	2.98	2.83	2.26	1.29	2.1	2	2.23	2.93	4.03
Interest coverage	5.87	8.14	4.65	4.86	7.08	9.36	8.92	5.48	4.73	3.4	3.05
Effective tax rate	38.2%	19.9%	22.6%	26.8%	26.5%	26%	26.6%	26.3%	27%	30.2%	30.9%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	45.9	50	65	64.7	66.5	76.1	90.5	92.1	90.7	91.7	93
EPS (basic)	1.83	3.01	3.02	3.31	3.8	7.78	5.3	4.54	3.88	2.62	2.62
EPS (diluted)	1.81	2.97	2.98	3.28	3.76	7.66	5.23	4.5	3.83	2.6	2.25
Book value per share	16.3	18.9	22.6	26.1	30.1	35.4	37.6	39.2	39.3	41.6	43.3
FCF per share	3.24	3.28	4.94	5.31	7.44	3.02	5.34	8.63	8.07	6.64	7.02
Cash per share	0.51	0.7	0.8	1.8	5.21	10	1.39	3.64	4.54	3.71	3.48
Capex per share	0.51	0.46	0.55	0.62	0.62	0.66	0.74	0.83	0.78	0.92	0.94

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	1.11%	0.93%	0.84%	0.96%	0.93%	0.87%	0.82%	0.9%	0.86%	1%	0.98%
Capex / operating cash flow	17.8%	12.7%	11.7%	9.83%	8.03%	24%	12.7%	7.93%	8.3%	12.4%	15.5%
Payout ratio	—	—	—	—	—	—	—	—	—	—	0%

Period	Q2 23	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26
Revenue	$1.1B	$1.1B	$1.1B	$1B	$1B	$1B	$985M	$968.3M	$1B	$1B	$980.1M	$968.3M
YoY change	-0.95%	-6.77%	-6.63%	-7.07%	-8.51%	-7.68%	-8.3%	-7.69%	-1.36%	-1.9%	-0.5%	0%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	27M	36.7M	41.8M	95.2M	274.4M	529.6M	70.3M	175.9M	205.2M	161.2M
Receivables	386.9M	428.5M	613.8M	648.7M	602.8M	708.2M	853.6M	741.5M	650.8M	674.4M
Inventory	—	—	—	—	—	—	—	—	—	—
Total current assets	437.5M	499.5M	686.3M	791.5M	994.4M	1.3B	981.1M	973.3M	917.7M	916.2M
Property, plant & equipment	56.9M	58M	79.1M	168.3M	127.9M	112.1M	117.4M	145.6M	144.5M	84.5M
Goodwill & intangibles	2.5B	2.5B	3.8B	3.9B	3.8B	4.1B	4.9B	4.8B	4.7B	5.2B
Total assets	1.8B	1.8B	2.7B	2.9B	3.3B	3.5B	3.6B	3.5B	3.4B	3.7B
Accounts payable	6.3M	6.9M	43.1M	39.2M	38.3M	20.1M	35.2M	34M	27.2M	47.2M
Short-term debt	—	—	—	25.8M	24.3M	23.3M	22.9M	19.5M	19.5M	—
Total current liabilities	162.5M	166.7M	308.2M	340.9M	416.2M	450.9M	441.9M	394.1M	367.1M	424.3M
Long-term debt	640.4M	575.2M	1.1B	1.1B	1.1B	1.1B	1.1B	1.1B	1.1B	1.2B
Total liabilities	883.7M	818.7M	1.5B	1.6B	1.7B	1.6B	1.7B	1.7B	1.7B	1.9B
Shareholders' equity	868.9M	991.4M	1.2B	1.4B	1.6B	1.9B	1.9B	1.9B	1.8B	1.8B
Total debt	640.4M	575.2M	1.1B	1.1B	1.1B	1.1B	1.1B	1.1B	1.1B	1.2B
Net debt	613.3M	538.5M	1.1B	1B	838.7M	567.8M	1.1B	929.3M	894.7M	1B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q2 23	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26
Cash & short-term investments	93.8M	145.6M	175.9M	158.4M	132.2M	166.6M	205.2M	107M	138.9M	126.5M	161.2M	143.6M
Receivables	828.9M	804.6M	741.5M	725.3M	721.4M	686.4M	650.8M	705.3M	691.3M	710.4M	674.4M	744.4M
Inventory	—	—	—	—	—	—	—	—	—	—	—	—
Total current assets	972.3M	993.9M	973.3M	933.4M	913.9M	907.3M	917.7M	879.6M	916.3M	918.4M	916.2M	970.3M
Property, plant & equipment	129.1M	138.7M	145.6M	146.2M	139.8M	141M	144.5M	140M	83.3M	83.1M	84.5M	81.2M
Goodwill & intangibles	4.9B	4.8B	4.8B	4.8B	4.7B	4.7B	4.7B	5.3B	5.3B	5.2B	5.2B	5.8B
Total assets	3.6B	3.6B	3.5B	3.5B	3.5B	3.4B	3.4B	3.7B	3.7B	3.7B	3.7B	4B
Accounts payable	24.3M	32.1M	34M	25.9M	22.7M	25.8M	27.2M	24.3M	—	—	47.2M	63M
Short-term debt	19.7M	20.5M	19.5M	20.5M	19.8M	20.3M	19.5M	19.8M	—	—	—	—
Total current liabilities	416.6M	443.2M	394.1M	371.7M	390.1M	403.6M	367.1M	371.5M	434.6M	462.3M	424.3M	461.9M
Long-term debt	1.1B	1.1B	1.1B	1.1B	1.1B	1.1B	1.1B	1.3B	1.2B	1.2B	1.2B	1.5B
Total liabilities	1.6B	1.7B	1.7B	1.6B	1.6B	1.7B	1.7B	1.9B	1.9B	1.9B	1.9B	2.2B
Shareholders' equity	1.9B	1.9B	1.9B	1.9B	1.8B	1.8B	1.8B	1.8B	1.8B	1.8B	1.8B	1.8B
Total debt	1.1B	1.1B	1.1B	1.1B	1.1B	1.1B	1.1B	1.3B	1.2B	1.2B	1.2B	1.5B
Net debt	999M	955.9M	929.3M	945.2M	967.9M	934.1M	894.7M	1.2B	1.1B	1B	1B	1.3B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	97.2M	157.7M	157.7M	174.7M	200.3M	409.9M	268.1M	219.3M	175.2M	113.5M
Depreciation & amortization	62.2M	58.6M	95M	91.2M	89.7M	89.6M	91.4M	100.3M	96.3M	113.5M
Stock-based compensation	27M	24M	31.5M	39.3M	32.3M	52.7M	49.3M	44M	42.3M	47.9M
Change in working capital	-52.4M	-50.1M	-68.9M	-26.5M	76.6M	-177.4M	-154M	102.2M	71.2M	-11.6M
Operating cash flow	152.5M	191.7M	245.1M	332.5M	406.1M	144.5M	294.5M	503M	425.1M	319.8M
Capital expenditure	-27.1M	-24.3M	-28.7M	-32.7M	-32.6M	-34.7M	-37.5M	-39.9M	-35.3M	-39.8M
Investing cash flow	-28M	-50.1M	-788.7M	-149.1M	-219M	246.5M	-510M	-40.5M	-35.3M	-343.9M
Dividends paid	—	—	—	—	—	—	—	—	—	—
Share repurchases	-41.1M	-60.1M	0	-20M	-27.9M	-181.3M	-281.4M	-273.1M	-327.2M	-170.1M
Financing cash flow	-183.8M	-146.3M	498.4M	-123.2M	-41.1M	-198.7M	-275.4M	-329.8M	-350.4M	-43.6M
Net change in cash	-59.3M	-4.7M	-45.2M	60.2M	146M	192.3M	-490.9M	132.7M	39.4M	-67.7M
Free cash flow	172.2M	172.1M	258.7M	280.5M	392.2M	159M	270.3M	417M	364.7M	288.1M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q2 23	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26
Net income	60.1M	59.4M	50.3M	38.1M	47.2M	47.5M	42.4M	20.9M	29.3M	38.1M	25.2M	5.5M
Depreciation & amortization	24.9M	24.8M	25.7M	24.5M	24.5M	23.4M	23.9M	25.6M	28.7M	29.3M	29.9M	28M
Stock-based compensation	11.3M	10.3M	10.3M	11.7M	11M	9.9M	9.7M	13.8M	11.9M	11.1M	11.1M	15.1M
Change in working capital	-6.6M	39.4M	59.6M	-6.1M	5.2M	37M	35.1M	-37.5M	10.9M	-19.3M	34.3M	-44.7M
Operating cash flow	91.6M	139.8M	146.9M	71.3M	90.4M	119.4M	112.8M	28.9M	82M	61.1M	103.4M	5.5M
Capital expenditure	-11.2M	-9.8M	-7.2M	-10.8M	-5.3M	-7.9M	-11.3M	-10.2M	-9.1M	-11.9M	-8.6M	-9.4M
Investing cash flow	-11.2M	-9.8M	-7.2M	-10.8M	-5.3M	-7.9M	-11.3M	-316.3M	-9.1M	-11.9M	-6.6M	-293M
Dividends paid	—	—	—	—	—	—	—	—	—	—	—	—
Share repurchases	-57.6M	-91.3M	-75.4M	-79.7M	-108M	-95.6M	-43.9M	-50.4M	-9.5M	-46M	-64.2M	-39M
Financing cash flow	-72.6M	-93.4M	-79.3M	-89.5M	-110.7M	-100.6M	-49.6M	192.5M	-84.9M	-90M	-61.2M	250.7M
Net change in cash	7.8M	36.6M	60.4M	-29M	-25.6M	10.9M	51.9M	-94.9M	-12M	-40.8M	35.6M	-36.8M
Free cash flow	101.3M	137.7M	109.2M	62.5M	85.4M	127.9M	88.9M	6.6M	115.8M	72M	93.7M	9.1M

ASGN Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement