Slide 1: Q4 2025 Earnings Supplemental Materials
Q4 2025 Earnings Supplemental Materials
Slide 2: Safe Harbor
Certain statements made in this news release are “forward-looking statements” within the meaning of Section 27A of the Securities Exchange Act of 1933, as amended, and Section 21E of the Safe Securities Exchange Act of 1934, as amended. Forward-looking information includes estimates of the company’s
Slide 3: Summary Consolidated Financial Data
Summary Consolidated Financial Data ($’s in millions, except per share data) Operating Data Revenue Mix Q4 Full Year Fed. Fed. 2025 2024 2025 2024 Other Other Fed. 4% Fed. 3% Operating Results Civilian Civilian Consumer Consumer Revenues $ 980.1 $ 985.0 $ 3,980.4 $ 4,099.7 National 5% 7% & Industria
Slide 4: Commercial Segment Key Metrics
Gross Profit & Margin $226.0 $233.4 $235.9 $227.4 $255.0 $217.7 $205.0 Commercial Segment $155.0 32.6% 32.4% 33.0% 33.2% 32.6% $105.0 Key Metrics ($’s in millions) $55.0 $5.0 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Revenues by Type $692.7 $672.2 $708.1 $711.3 $698.6 Adjusted EBITDA & Margin $382.4 $359.2 $125
Slide 5: Federal Segment Key Metrics
Adjusted EBITDA & Margin $40.0 $35.0 $32.2 $32.3 $33.5 $32.5 Federal Segment $30.0 $28.4 11.0% 11.2% 11.6% 10.3% $25.0 Key Metrics 9.6% $20.0 $15.0 ($’s in millions) $10.0 $5.0 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Revenues & Gross Profit Q4 CHANGE 2025 2024 Y-Y Revenues $ 281.5 $ 292.3 -3.7% Gross Profit $
Slide 6: Q1 2026 Financial Estimates
Financial Estimates (as of February 7, 2024) LOW HIGH Key Revenues $960.0 — $980.0 Q1 2026 Assumptions Y-Y Revenue Change (0.9%) — 1.2% Financial Gross Margin 28.7% — 29.1% SG&A expenses $209.7 — $214.4 Estimates Net Income Earnings per diluted share $25.8 — $29.4 $0.62 — $0.71 Non-GAAP Financial Me
Slide 7: Appendix
© ASGN’ Appendix
Slide 8: Selected Financial Data
Selected Financial Data 2023 2024 2025 ($ in millions, except per share amounts) Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Commercial Assignment $ 560.4 $ 530.2 $ 508.2 $ 480.1 $ 2,078.9 $ 454.5 $ 444.2 $ 433.8 $ 408.0 $ 1,740.5 $ 382.1 $ 382.4 $ 376.4 $ 359.2 $ 1,500.1 Consulting 271.7 281.1 274
Slide 9: Reconciliations of GAAP to Non-GAAP Measures
Reconciliations of GAAP to Non-GAAP Measures 2023 2024 2025 ($ in millions, except per share amounts) Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Free Cash Flow Cash provided by operating activities $ 80.5 $ 112.5 $ 147.5 $ 116.4 $ 456.9 $ 73.3 $ 90.7 $ 135.8 $ 100.2 $ 400.0 $ 16.8 $ 124.9 $ 83.9 $
Slide 10: Commercial Segment
Commercial Segment 2023 2024 2025 ($ in millions) Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Revenues by Type: Assignment $ 560.4 $ 530.2 $ 508.2 $ 480.1 $ 2,078.9 $ 454.5 $ 444.2 $ 433.8 $ 408.0 $ 1,740.5 $ 382.1 $ 382.4 $ 376.4 $ 359.2 $ 1,500.1 Consulting 271.7 281.1 274.2 268.5 1,095.5 277.0 2
Slide 11: Federal Government Segment
Federal Government Segment 2023 2024 2025 ($ in millions) Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Revenues $ 296.7 $ 319.6 $ 334.4 $ 325.5 $ 1,276.2 $ 317.5 $ 309.0 $ 312.2 $ 292.3 $ 1,231.0 $ 296.1 $ 312.5 $ 300.1 $ 281.5 $ 1,190.2 Gross Margin 21.6% 20.5% 20.4% 19.9% 20.6% 19.7% 20.6% 20.7% 2
Slide 12: Billable Days
Billable Q1 Q2 Q3 Q4 FY Days 2026 62.00 63.25 64.00 61.00 250.25 2025 62.00 63.25 63.50 61.00 249.75 2026 vs 2025 - - 0.50 - 0.50 Sequential (2026) 1.00 1.25 0.75 (3.00) 0.50 Sequential (2025) 1.00 1.25 0.25 (2.50) (1.00) 12
Slide 13: Notes
6. Federal Segment revenues include Department of Defense and intelligence agencies, National Security (Department of Homeland Security and Department of Justice), Civilian, and Other (quasi-government agencies, state & local, and commercial entities). 7. Contract backlog represents the estimated am