ASGN FY 2024 Earnings Report — ASGN Incorporated Revenue & Financial Results | Market Cap Arena

ASGN IncorporatedASGN

FY 2024 Earnings

Reported February 21, 2025

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2024	Prior Q	FY 2023	QoQ Change	YoY Change
Revenue	$4.1B	—	$4.5B	—	-7.9%
Op. Income	$304M	—	$364M	—	-16.4%
Gross Margin	28.9%	—	28.8%	—	0.1pp
Net Margin	4.3%	—	4.9%	—	-0.7pp
EPS (Diluted)	$3.83	—	$4.50	—	-14.9%
Free Cash Flow	$365M	—	$417M	—	-12.5%

Revenue Flow

Item	Amount
REVENUE	$4.1B
Cost of Revenue	$2.9B
GROSS PROFIT	$1.2B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$821M
Other Expenses	$58M
Operating Expenses	$879M
Cost & Expenses	$3.8B
OPERATING INCOME	$304M
Interest Income	$0
Interest Expense	$64M
Other Income/Expenses	-$64M
INCOME BEFORE TAX	$240M
Income Tax Expense	$65M
Net Income from Continuing Ops	$175M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$175M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$175M
D&A	$96M
EBIT	$304M
EBITDA	$401M
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$4.1B
Cost of Revenue	$2.9B
GROSS PROFIT	$1.2B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$821M
Other Expenses	$58M
Operating Expenses	$879M
Cost & Expenses	$3.8B
OPERATING INCOME	$304M
Interest Income	$0
Interest Expense	$64M
Other Income/Expenses	-$64M
INCOME BEFORE TAX	$240M
Income Tax Expense	$65M
Net Income from Continuing Ops	$175M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$175M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$175M
D&A	$96M
EBIT	$304M
EBITDA	$401M
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$175M
Depreciation & Amortization	$96M
Stock-Based Compensation	$42M
Deferred Income Tax	$31M
Other Non-Cash Items	$9M
Change in Working Capital	$46M
OPERATING CASH FLOW	$400M
Capital Expenditure	-$35M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$35M
Net Debt Issuance	-$5M
Common Stock Repurchased	-$327M
Common Dividends Paid	$0
Other Financing Activities	-$1M
NET CASH FROM FINANCING	-$333M
FREE CASH FLOW	$365M
Net Change in Cash	$29M

Balance Sheet

Item	Amount
Cash & Equivalents	$205M
Short-Term Investments	$0
Net Receivables	$695M
Inventory	$0
Other Current Assets	$17M
TOTAL CURRENT ASSETS	$918M
PP&E (Net)	$145M
Goodwill	$1.9B
Intangible Assets	$440M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$34M
TOTAL NON-CURRENT ASSETS	$2.5B
TOTAL ASSETS	$3.4B
Account Payables	$27M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$320M
TOTAL CURRENT LIABILITIES	$367M
Long-Term Debt	$1.0B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$188M
Other Non-Current Liabilities	$17M
TOTAL NON-CURRENT LIABILITIES	$1.3B
TOTAL LIABILITIES	$1.7B
Common Stock	$400.0K
Additional Paid-In Capital	$684M
Retained Earnings	$1.1B
Treasury Stock	$0
Accum. Other Comp. Income	-$5M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.8B
Minority Interest	$0
TOTAL EQUITY	$1.8B
TOTAL LIABILITIES & EQUITY	$3.4B
Total Debt	$1.1B
Net Debt	$895M