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Dec 31, 2025
ASGN Q4 2025 Earnings Report
ASGN Incorporated reported solid financial results for the fourth quarter and full year 2025, with revenues at the high end of guidance estimates.
Key Takeaways
ASGN Incorporated, soon to be renamed Everforth, reported fourth quarter 2025 revenues of $980.1 million, with net income of $25.2 million and adjusted EBITDA of $107.9 million. For the full year, revenues reached $4.0 billion and net income was $113.5 million. The company also announced the acquisition of Quinnox Inc. and plans for a brand transition to Everforth.
Fourth quarter revenues were $980.1 million, meeting the high end of guidance estimates.
Adjusted EBITDA for the quarter was $107.9 million, representing an 11.0 percent margin.
The company repurchased 1.4 million shares for $64.2 million in Q4 2025, and $170.1 million for the full year, demonstrating commitment to shareholder value.
ASGN announced the acquisition of Quinnox Inc. for $290 million in cash, enhancing digital engineering capabilities, and plans to rebrand to Everforth in the first half of 2026.
Revenue by Segment
Forward Guidance
For the first quarter of 2026, ASGN anticipates revenues between $960.0 million and $980.0 million, with adjusted EBITDA ranging from $93.5 million to $98.5 million. Diluted EPS is projected to be between $0.62 and $0.71.
Positive Outlook
- The company is energized by achieved progress and a robust foundation.
- Strategic initiatives are firmly in place, supported by a strong balance sheet and disciplined capital allocation.
- The acquisition of Quinnox Inc. is expected to enhance digital engineering and global delivery capabilities.
- The upcoming launch of Everforth is a transformative step in the Next Wave Growth Strategy.
- The company is well-positioned to adapt and thrive in the evolving, AI-driven business landscape by integrating cutting-edge technology and expertise.
Challenges Ahead
- Estimates assume no deterioration in the markets ASGN serves.
- Estimates do not include any acquisition, integration, or strategic planning expenses.
- The impact of DOGE (U.S. Department of Government Efficiency initiatives) on Federal Government Segment gross margin is expected to anniversary in March 2026, implying continued pressure until then.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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