Asgn Inc Financials
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Asgn Inc has an operating margin of 7.4%, meaning the company retains $7 of operating profit per $100 of revenue. This results in a moderate score of 37/100, indicating healthy but not exceptional operating efficiency. This is down from 8.2% the prior year.
Asgn Inc's revenue declined 7.9% year-over-year, from $4.5B to $4.1B. This contraction results in a growth score of 6/100.
Asgn Inc carries a low D/E ratio of 0.58, meaning only $0.58 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 90/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 2.50, Asgn Inc holds $2.50 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 80/100.
Asgn Inc has a free cash flow margin of 8.9%, earning a moderate score of 44/100. The company generates positive cash flow after capital investments, but with room for improvement.
Asgn Inc's ROE of 9.9% shows moderate profitability relative to equity, earning a score of 39/100. This is down from 11.6% the prior year.
Asgn Inc scores 2.77, placing it in the grey zone between 1.81 and 2.99. This signals moderate financial risk that warrants monitoring.
Asgn Inc passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Asgn Inc generates $2.28 in operating cash flow ($400.0M OCF vs $175.2M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Asgn Inc earns $4.7 in operating income for every $1 of interest expense ($304.4M vs $64.3M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.
This page shows Asgn Inc (ASGN) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Key Financial Metrics
Asgn Inc generated $4.1B in revenue in fiscal year 2024. This represents a decrease of 7.9% from the prior year.
Asgn Inc's EBITDA was $400.7M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 13.7% from the prior year.
Asgn Inc generated $364.7M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 12.5% from the prior year.
Asgn Inc reported $175.2M in net income in fiscal year 2024. This represents a decrease of 20.1% from the prior year.
Asgn Inc earned $3.83 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 14.9% from the prior year.
Asgn Inc held $205.2M in cash against $1.0B in long-term debt as of fiscal year 2024.
Asgn Inc had 44M shares outstanding in fiscal year 2024. This represents a decrease of 6.6% from the prior year.
Asgn Inc's gross margin was 28.9% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 0.1 percentage points from the prior year.
Asgn Inc's operating margin was 7.4% in fiscal year 2024, reflecting core business profitability. This is down 0.8 percentage points from the prior year.
Asgn Inc's net profit margin was 4.3% in fiscal year 2024, showing the share of revenue converted to profit. This is down 0.7 percentage points from the prior year.
Asgn Inc's ROE was 9.9% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 1.7 percentage points from the prior year.
Asgn Inc spent $327.2M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents an increase of 19.8% from the prior year.
Asgn Inc invested $35.3M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 11.5% from the prior year.
ASGN Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.0B-0.9% | $1.0B+5.4% | $968.3M-1.7% | $985.0M-4.8% | $1.0B-1.4% | $1.0B-2.3% | $1.1B-3.8% | $1.1B |
| Cost of Revenue | $714.5M-1.8% | $727.3M+5.0% | $692.9M-0.9% | $699.0M-4.7% | $733.6M-2.6% | $752.8M-2.1% | $769.2M-3.2% | $794.4M |
| Gross Profit | $296.9M+1.2% | $293.3M+6.5% | $275.4M-3.7% | $286.0M-5.0% | $301.1M+1.7% | $296.2M-2.9% | $304.9M-5.4% | $322.4M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $212.2M-2.1% | $216.8M+1.1% | $214.5M+8.4% | $197.9M-3.7% | $205.6M-2.2% | $210.2M+3.2% | $203.6M-1.2% | $206.0M |
| Operating Income | $67.9M+13.9% | $59.6M+27.9% | $46.6M-37.2% | $74.2M-7.7% | $80.4M+13.4% | $70.9M-15.0% | $83.4M-15.4% | $98.6M |
| Interest Expense | $17.4M-4.4% | $18.2M+18.2% | $15.4M+3.4% | $14.9M-5.7% | $15.8M-10.2% | $17.6M+5.4% | $16.7M-9.7% | $18.5M |
| Income Tax | $12.4M+2.5% | $12.1M+17.5% | $10.3M-39.1% | $16.9M-2.9% | $17.4M+14.5% | $15.2M-7.3% | $16.4M-20.8% | $20.7M |
| Net Income | $38.1M+30.0% | $29.3M+40.2% | $20.9M-50.7% | $42.4M-10.2% | $47.2M+23.9% | $38.1M-24.3% | $50.3M-15.3% | $59.4M |
| EPS (Diluted) | $0.87+29.9% | $0.67+39.6% | $0.48-48.9% | $0.94-7.8% | $1.02+25.9% | $0.81-23.6% | $1.06-13.8% | $1.23 |
ASGN Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $3.7B-0.4% | $3.7B+0.4% | $3.7B+7.9% | $3.4B-0.6% | $3.5B-1.1% | $3.5B-1.6% | $3.5B-1.0% | $3.6B |
| Current Assets | $918.4M+0.2% | $916.3M+4.2% | $879.6M-4.2% | $917.7M+0.4% | $913.9M-2.1% | $933.4M-4.1% | $973.3M-2.1% | $993.9M |
| Cash & Equivalents | $126.5M-8.9% | $138.9M+29.8% | $107.0M-47.9% | $205.2M+55.2% | $132.2M-16.5% | $158.4M-9.9% | $175.9M+20.8% | $145.6M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $710.4M+2.8% | $691.3M-2.0% | $705.3M+8.4% | $650.8M-9.8% | $721.4M-0.5% | $725.3M-2.2% | $741.5M-7.8% | $804.6M |
| Goodwill | $2.1B+0.1% | $2.1B+0.1% | $2.1B+13.0% | $1.9B0.0% | $1.9B0.0% | $1.9B0.0% | $1.9B0.0% | $1.9B |
| Total Liabilities | $1.9B-1.1% | $1.9B-0.9% | $1.9B+15.3% | $1.7B+0.6% | $1.6B+1.0% | $1.6B-1.5% | $1.7B-1.1% | $1.7B |
| Current Liabilities | $462.3M+6.4% | $434.6M+17.0% | $371.5M+1.2% | $367.1M-5.9% | $390.1M+5.0% | $371.7M-5.7% | $394.1M-11.1% | $443.2M |
| Long-Term Debt | $1.2B-3.8% | $1.2B-5.5% | $1.3B+24.1% | $1.0B-0.2% | $1.0B-0.1% | $1.0B0.0% | $1.0B-0.1% | $1.0B |
| Total Equity | $1.8B+0.3% | $1.8B+1.9% | $1.8B+0.9% | $1.8B-1.7% | $1.8B-2.9% | $1.9B-1.6% | $1.9B-0.9% | $1.9B |
| Retained Earnings | $1.1B+0.6% | $1.1B+2.1% | $1.1B-1.7% | $1.1B-2.3% | $1.1B-3.7% | $1.2B-2.5% | $1.2B-1.0% | $1.2B |
ASGN Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $83.9M-32.8% | $124.9M+643.5% | $16.8M-83.2% | $100.2M+10.5% | $90.7M+23.7% | $73.3M-37.0% | $116.4M-21.1% | $147.5M |
| Capital Expenditures | $11.9M+30.8% | $9.1M-10.8% | $10.2M-9.7% | $11.3M+113.2% | $5.3M-50.9% | $10.8M+50.0% | $7.2M-26.5% | $9.8M |
| Free Cash Flow | $72.0M-37.8% | $115.8M+1654.5% | $6.6M-92.6% | $88.9M+4.1% | $85.4M+36.6% | $62.5M-42.8% | $109.2M-20.7% | $137.7M |
| Investing Cash Flow | -$11.9M-30.8% | -$9.1M+97.1% | -$316.3M-2699.1% | -$11.3M-117.3% | -$5.2M+51.9% | -$10.8M-50.0% | -$7.2M+26.5% | -$9.8M |
| Financing Cash Flow | -$84.5M+0.5% | -$84.9M-142.2% | $201.2M+505.6% | -$49.6M+55.2% | -$110.7M-38.4% | -$80.0M-0.9% | -$79.3M+7.4% | -$85.6M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $46.0M+384.2% | $9.5M-81.2% | $50.4M+14.8% | $43.9M-59.4% | $108.0M+35.5% | $79.7M+5.7% | $75.4M-17.4% | $91.3M |
ASGN Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 29.4%+0.6pp | 28.7%+0.3pp | 28.4%-0.6pp | 29.0%-0.1pp | 29.1%+0.9pp | 28.2%-0.2pp | 28.4%-0.5pp | 28.9% |
| Operating Margin | 6.7%+0.9pp | 5.8%+1.0pp | 4.8%-2.7pp | 7.5%-0.2pp | 7.8%+1.0pp | 6.8%-1.0pp | 7.8%-1.1pp | 8.8% |
| Net Margin | 3.8%+0.9pp | 2.9%+0.7pp | 2.2%-2.1pp | 4.3%-0.3pp | 4.6%+0.9pp | 3.6%-1.1pp | 4.7%-0.6pp | 5.3% |
| Return on Equity | 2.1%+0.5pp | 1.6%+0.4pp | 1.2%-1.2pp | 2.4%-0.2pp | 2.6%+0.6pp | 2.1%-0.6pp | 2.7%-0.5pp | 3.1% |
| Return on Assets | 1.0%+0.2pp | 0.8%+0.2pp | 0.6%-0.7pp | 1.2%-0.1pp | 1.4%+0.3pp | 1.1%-0.3pp | 1.4%-0.2pp | 1.7% |
| Current Ratio | 1.99-0.1 | 2.11-0.3 | 2.37-0.1 | 2.50+0.2 | 2.34-0.2 | 2.51+0.0 | 2.47+0.2 | 2.24 |
| Debt-to-Equity | 0.64-0.0 | 0.66-0.1 | 0.72+0.1 | 0.580.0 | 0.57+0.0 | 0.560.0 | 0.550.0 | 0.54 |
| FCF Margin | 7.1%-4.2pp | 11.3%+10.7pp | 0.7%-8.3pp | 9.0%+0.8pp | 8.3%+2.3pp | 6.0%-4.2pp | 10.2%-2.2pp | 12.3% |
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Frequently Asked Questions
What is Asgn Inc's annual revenue?
Asgn Inc (ASGN) reported $4.1B in total revenue for fiscal year 2024. This represents a -7.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Asgn Inc's revenue growing?
Asgn Inc (ASGN) revenue declined by 7.9% year-over-year, from $4.5B to $4.1B in fiscal year 2024.
Is Asgn Inc profitable?
Yes, Asgn Inc (ASGN) reported a net income of $175.2M in fiscal year 2024, with a net profit margin of 4.3%.
What is Asgn Inc's earnings per share (EPS)?
Asgn Inc (ASGN) reported diluted earnings per share of $3.83 for fiscal year 2024. This represents a -14.9% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Asgn Inc's EBITDA?
Asgn Inc (ASGN) had EBITDA of $400.7M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Asgn Inc have?
As of fiscal year 2024, Asgn Inc (ASGN) had $205.2M in cash and equivalents against $1.0B in long-term debt.
What is Asgn Inc's gross margin?
Asgn Inc (ASGN) had a gross margin of 28.9% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Asgn Inc's operating margin?
Asgn Inc (ASGN) had an operating margin of 7.4% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Asgn Inc's net profit margin?
Asgn Inc (ASGN) had a net profit margin of 4.3% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Asgn Inc's return on equity (ROE)?
Asgn Inc (ASGN) has a return on equity of 9.9% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Asgn Inc's free cash flow?
Asgn Inc (ASGN) generated $364.7M in free cash flow during fiscal year 2024. This represents a -12.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Asgn Inc's operating cash flow?
Asgn Inc (ASGN) generated $400.0M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Asgn Inc's total assets?
Asgn Inc (ASGN) had $3.4B in total assets as of fiscal year 2024, including both current and long-term assets.
What are Asgn Inc's capital expenditures?
Asgn Inc (ASGN) invested $35.3M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
Does Asgn Inc buy back shares?
Yes, Asgn Inc (ASGN) spent $327.2M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
How many shares does Asgn Inc have outstanding?
Asgn Inc (ASGN) had 44M shares outstanding as of fiscal year 2024.
What is Asgn Inc's current ratio?
Asgn Inc (ASGN) had a current ratio of 2.50 as of fiscal year 2024, which is generally considered healthy.
What is Asgn Inc's debt-to-equity ratio?
Asgn Inc (ASGN) had a debt-to-equity ratio of 0.58 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Asgn Inc's return on assets (ROA)?
Asgn Inc (ASGN) had a return on assets of 5.1% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Asgn Inc's Altman Z-Score?
Asgn Inc (ASGN) has an Altman Z-Score of 2.77, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Asgn Inc's Piotroski F-Score?
Asgn Inc (ASGN) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Asgn Inc's earnings high quality?
Asgn Inc (ASGN) has an earnings quality ratio of 2.28x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Asgn Inc cover its interest payments?
Asgn Inc (ASGN) has an interest coverage ratio of 4.7x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Asgn Inc?
Asgn Inc (ASGN) scores 49 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.