ASGN

MKT CAP:$834M

ASGN Incorporated

Market Cap

$834M

Technology·Information Technology Services·🇺🇸 United States·NYSE

Technology·IT Services·🇺🇸·NYSE

Stock Price

$40.43-$6.23 (-13.35%)

Apr 22, 2026

Company Details

ASGN Incorporated provides information technology services and professional solutions in the technology, digital, and creative fields for commercial and government sectors in the United States. It operates through two segments: Commercial a...

CEO

Theodore S. Hanson

IPO Date

Sep 22, 1992

Website

www.asgn.com

Key Metrics TTM

Revenue

$4.0B

-1.0% YoY

Net Income

$98M

EPS (Diluted)

$2.26

Free Cash Flow

$288M

Revenue / Share

$96.14

Gross Margin

28.1%

Operating Margin

5.6%

Net Margin

2.5%

FCF Margin

7.2%

P/S

0.2x

P/E

8.5x

Earnings Reports

Q1 2026

Apr 22, 2026

NEW

$968M+0.0%EPS $0.13

FY 2025

Feb 24, 2026

$4.0B-2.9%EPS $2.60

Q4 2025

Feb 24, 2026

$980M-0.5%EPS $0.59

Q3 2025

Oct 29, 2025

$1.0B-1.9%EPS $0.87

Q2 2025

Jul 30, 2025

$1.0B-1.4%EPS $0.67

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 22	$1.1B	$344M	$110M
Q3 22	$1.2B	$359M	$108M
Q4 22	$1.2B	$340M	$90M
Q1 23	$1.1B	$326M	$84M
Q2 23	$1.1B	$326M	$98M
Q3 23	$1.1B	$322M	$99M
Q4 23	$1.1B	$287M	$83M
Q1 24	$1.0B	$281M	$71M
Q2 24	$1.0B	$286M	$80M
Q3 24	$1.0B	$300M	$79M
Q4 24	$985M	$286M	$74M
Q1 25	$968M	$275M	$47M
Q2 25	$1.0B	$293M	$60M
Q3 25	$1.0B	$297M	$68M
Q4 25	$980M	$264M	$67M
Q1 26	$968M	$267M	$28M

Valuation

Quarter	P/S	P/E
Q2 22	1.0x	10.2x
Q3 22	1.0x	15.6x
Q4 22	0.9x	15.6x
Q1 23	0.9x	16.2x
Q2 23	0.8x	15.2x
Q3 23	0.8x	16.8x
Q4 23	1.0x	19.3x
Q1 24	1.1x	22.9x
Q2 24	0.9x	20.7x
Q3 24	1.0x	23.3x
Q4 24	0.9x	21.2x
Q1 25	0.7x	17.6x
Q2 25	0.5x	15.6x
Q3 25	0.5x	15.9x
Q4 25	0.5x	19.2x
Q1 26	0.4x	16.5x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	$56M	$46M
Q2 22	$88M	$80M
Q3 22	$88M	$80M
Q4 22	$75M	$65M
Q1 23	$81M	$69M
Q2 23	$113M	$101M
Q3 23	$148M	$138M
Q4 23	$116M	$109M
Q1 24	$73M	$63M
Q2 24	$91M	$85M
Q3 24	$136M	$152M
Q4 24	$100M	$89M
Q1 25	$17M	$7M
Q2 25	$125M	$116M
Q3 25	$84M	$72M
Q4 25	$102M	$94M

Capital Expenditures

Quarter	CapEx
Q1 22	$10M
Q2 22	$9M
Q3 22	$9M
Q4 22	$11M
Q1 23	$12M
Q2 23	$11M
Q3 23	$10M
Q4 23	$7M
Q1 24	$11M
Q2 24	$5M
Q3 24	$16M
Q4 24	$11M
Q1 25	$10M
Q2 25	$9M
Q3 25	$12M
Q4 25	$9M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 22	+17.1%	+16.3%
Q3 22	+11.6%	+11.9%
Q4 22	+9.2%	+10.6%
Q1 23	+3.5%	+5.5%
Q2 23	-1.0%	+0.1%
Q3 23	-6.8%	-6.5%
Q4 23	-6.6%	-6.5%
Q1 24	-7.1%	-6.4%
Q2 24	-8.5%	-7.6%
Q3 24	-7.7%	-6.5%
Q4 24	-8.3%	-8.1%
Q1 25	-7.7%	-5.8%
Q2 25	-1.4%	+0.7%
Q3 25	-1.9%	-0.9%
Q4 25	-0.5%	+0.3%
Q1 26	+0.0%	+2.1%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$13M	1.2%
Q2 22	$11M	1.0%
Q3 22	$12M	1.0%
Q4 22	$13M	1.2%
Q1 23	$12M	1.1%
Q2 23	$11M	1.0%
Q3 23	$10M	0.9%
Q4 23	$10M	1.0%
Q1 24	$12M	1.1%
Q2 24	$11M	1.1%
Q3 24	$10M	1.0%
Q4 24	$10M	1.0%
Q1 25	$14M	1.4%
Q2 25	$12M	1.2%
Q3 25	$11M	1.1%
Q4 25	-$37M	-3.8%

OpEx Breakdown

Quarter	SG&A
Q2 22	$220M
Q3 22	$233M
Q4 22	$230M
Q1 23	$224M
Q2 23	$211M
Q3 23	$206M
Q4 23	$204M
Q1 24	$210M
Q2 24	$206M
Q3 24	$208M
Q4 24	$198M
Q1 25	$215M
Q2 25	$217M
Q3 25	$212M
Q4 25	$211M
Q1 26	$224M

Revenue Segments

Quarter	Commercial Business	Federal Government Business
Q2 22	$851M	$291M
Q3 22	$900M	$298M
Q4 22	$852M	$298M
Q1 23	$832M	$297M
Q2 23	$811M	$320M
Q1 25	$672M	$296M
Q2 25	$708M	$313M
Q3 25	$711M	$300M
Q4 25	$699M	$282M

Revenue by Geography

Quarter

War Chest

Quarter	Cash	Short-term Investments	Total
Q3 22	$211M	$0	$211M
Q4 22	$70M	$0	$70M
Q1 23	$65M	$0	$65M
Q2 23	$94M	$0	$94M
Q3 23	$146M	$0	$146M
Q4 23	$176M	$0	$176M
Q1 24	$158M	$0	$158M
Q2 24	$132M	$0	$132M
Q3 24	$167M	$0	$167M
Q4 24	$205M	$0	$205M
Q1 25	$107M	$0	$107M
Q2 25	$139M	$0	$139M
Q3 25	$127M	$0	$127M
Q4 25	$102M	$0	$102M
Q1 26	$19M	$0	$19M
Q1 26	$161M	$0	$161M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 22	52M	-1.3%	-4.3%
Q3 22	51M	-1.7%	-5.1%
Q4 22	50M	-0.6%	-4.7%
Q1 23	50M	-1.2%	-4.8%
Q2 23	49M	-1.2%	-4.7%
Q3 23	48M	-1.6%	-4.5%
Q4 23	48M	-1.9%	-5.8%
Q1 24	47M	-1.3%	-5.8%
Q2 24	46M	-1.7%	-6.3%
Q3 24	45M	-2.4%	-7.0%
Q4 24	45M	-1.1%	-6.3%
Q1 25	44M	-1.1%	-6.2%
Q2 25	44M	0.0%	-4.6%
Q3 25	44M	-0.2%	-2.4%
Q4 25	43M	-3.0%	-4.3%
Q1 26	41M	-2.8%	-5.9%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 22	$292.8K	4K
Q3 22	$307.2K	4K
Q4 22	$287.6K	4K
Q1 23	$282.2K	4K
Q2 23	$282.7K	4K
Q3 23	$279.2K	4K
Q4 23	$290.3K	4K
Q1 24	$283.5K	4K
Q2 24	$279.6K	4K
Q3 24	$278.6K	4K
Q4 24	$307.8K	3K
Q1 25	$302.6K	3K
Q2 25	$318.9K	3K
Q3 25	$316.1K	3K
Q4 25	$50.0K	20K
Q1 26	$49.4K	20K

Revenue / Employee