10-K · February 25, 2026
ASGN (filing dated Feb 25, 2026 for year ended Dec 31, 2025) is repositioning under a single parent brand, Everforth, to unify six operating brands and focus on higher-value IT consulting (62% of 2025 consolidated…
Earnings analysis · 10-Q
ASGN earnings analysis
Filed April 30, 2026 · Our reading of the company's report
The latest report
Everforth (ASGN) reported Q1 2026 results with total revenue of $968.3 million, matching the prior year's figure. However, adjusted diluted EPS fell to $0.69, missing the consensus estimate of $0.98 by 29.6%. Despite…
Read full summary
Everforth (ASGN) reported Q1 2026 results with total revenue of $968.3 million, matching the prior year's figure. However, adjusted diluted EPS fell to $0.69, missing the consensus estimate of $0.98 by 29.6%. Despite some segment growth, notably in Commercial, net income decreased to $5.5 million from $20.9 million in Q1 2025 due to rising SG&A expenses and lower gross margins.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
Where revenue came from
The business segments reported by the company.
Shares of the segments disclosed in this filing, largest first.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.69
- Gross margin
- 27.5%
What stood out
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Revenue Matches Last Year
Q1 revenue was $968.3 million, the same as in Q1 2025.
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Commercial Segment Growth
Commercial Segment revenue rose 0.5% year-over-year to $675.5 million.
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Gross Margin Decline
Consolidated gross margin declined to 27.5%, down 90 basis points from 28.4% in Q1 2025.
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Operating Cash Flow Increase
Operating cash flow for Q1 2026 was $18.5 million, up from $16.8 million in Q1 2025.
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Increased Acquisition Costs
SG&A expenses rose to $224.4 million, up from $214.5 million in Q1 2025.
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Lower GAAP EPS
GAAP EPS was $0.13 compared to $0.50 in Q1 2025, reflecting substantial profitability decline.
What to watch
-
Higher SG&A Expenses
SG&A rose to $224.4 million, including $12.8 million in acquisition expenses.
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Increased Interest Costs
Interest expense increased to $17.1 million due to higher outstanding borrowings.
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Federal Government Segment Decline
Revenue from the Federal Government Segment fell 1.1% year-over-year to $292.8 million.
Management's outlook
Q2 2026 guidance assumes no market deterioration and includes $17.3 million in amortization.
Earlier filings 4
10-Q · October 30, 2025
ASGN's Q3 2025 results reflect a slight decrease in revenues and net income compared to the prior year, driven primarily by softening assignment revenues in the Commercial segment. Despite this, gross margins improved…
10-Q · July 30, 2025
ASGN reported Q2 revenue of $1,020.6 million, down 1.4% year‑over‑year, with diluted EPS of $0.67 (vs $1.02 in Q2 2024) and operating income of $59.6 million. Commercial consulting strength (+15.7% to $325.7M) and…
10-Q · October 31, 2024
ASGN reported Q3 revenue of $1,031.0 million, down 7.7% year-over-year, with diluted EPS of $1.06 (down from $1.23). Gross margin expanded 20 basis points to 29.1%, but operating income fell to $78.9 million from $98.6…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.