Everforth Inc

Listed Company

EFORCIK 0000890564NYSELarge AcceleratedServices-Help Supply ServicesDelawareFY ends Dec 31

Period

FY 2025

Revenue

$3.98B

Net Income

$113.50M

Total Assets

$3.68B

Equity

$1.80B

Shares Out

41.00M

Op. Cash Flow

$327.90M

Business

ASGN Inc provides information technology services and professional staffing to commercial and government clients, with an emphasis on IT consulting and technical solutions. It offers IT consulting, professional staffing, cloud and enterprise IT, cybersecurity, AI/ML, data analytics, application and digital transformation services, plus creative digital marketing talent and related recruitment, onboarding, training, compliance and payroll administration. ASGN operates two segments—Commercial and Federal Government—and serves clients across six industry verticals. It delivers services via branch offices, near‑shore/offshore centers and direct contracts with enterprise and federal customers across North America, India and Europe.

Summary from filing dated 2025-02-24

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenues	3,980	4,100	4,451	4,581	4,010
Cost of services	2,831	2,916	3,171	3,212	2,867
Gross profit	1,149	1,184	1,280	1,370	1,142
Selling, general, and administrative expenses	854	821	844	895	736
Amortization of intangible assets	65	58	72	65	56
Operating income	230	304	364	410	351
Interest expense, net	−68	−64	−66	−46	−38
Income before income taxes	163	240	298	364	313
Provision for income taxes	49	65	78	97	82
Net income	114	175	219	268	410
Earnings per share (in dollars per share)	2.62	3.88	4.54	5.3	7.78
Earnings per share (in dollars per share)	2.6	3.83	4.5	5.23	7.66
Basic (in shares)	43	45	48	51	53
Diluted (in shares)	44	46	49	51	54
Foreign currency translation adjustment	3	−5	3	−2	700,000
Comprehensive Income (Loss), Net of Tax, Attributable to Parent, Total	117	170	222	266	411

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	161	205	176	70	530
Accounts receivable, net	674	651	742	854	708
Other current assets	81	62	19	17	30
Total current assets	916	918	973	981	1,309
Property and equipment, net	85	83	81	66	55
Identifiable intangible assets, net	454	440	498	570	488
Goodwill	2,143	1,893	1,894	1,892	1,570
Other non-current assets	80	96	34	26	24
Total assets	3,677	3,429	3,545	3,586	3,503
Accounts payable	47	27	34	35	20
Accrued payroll	231	218	237	285	306
Other current liabilities	146	122	104	99	102
Total current liabilities	424	367	394	442	451
Long-term debt	1,169	1,034	1,037	1,067	1,034
Deferred income tax liabilities	237	188	156	129	89
Other long-term liabilities	42	64	17	14	23
Total liabilities	1,873	1,652	1,653	1,684	1,637
Commitments and contingencies (Note 10)	—	—	—	—	—
Preferred stock, $0.01 par value, 1.0 million shares authorized, no shares issued	0	0	0	0	0
Common stock, $0.01 par value, 75.0 million shares authorized, 41.7 million and 43.8 million shares outstanding at December 31, 2025 and 2024, respectively	400,000	400,000	500,000	500,000	500,000
Paid-in capital	714	684	696	704	691
Retained earnings	1,092	1,097	1,196	1,200	1,174
Accumulated other comprehensive loss	−2	−5	0	−3	−300,000
Total stockholders equity	1,804	1,777	1,892	1,901	1,865
Total liabilities and stockholders equity	3,677	3,429	3,545	3,586	3,503

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Amortization and depreciation	114	96	100	91	90
Stock-based compensation	48	42	44	49	53
Deferred income taxes	44	31	27	32	−20
Other	12	9	10	8	6
Accounts receivable	−4	87	111	−116	−111
Prepaid expenses and income taxes	−900,000	−8	3	2	−18
Accounts payable	16	−7	−2	8	−24
Accrued payroll	9	−17	−49	11	67
Payroll tax deferral and other	−24	−9	−6	−45	−43
Net cash provided by operating activities	328	400	457	308	194
Cash paid for property and equipment	−40	−35	−40	−38	−35
Cash paid for acquisitions, net of cash acquired	−304	0	0	−485	−223
Other	0	0	−600,000	2	200,000
Net cash used in investing activities	−344	−35	−41	−510	247
Proceeds from long-term debt	421	0	572	94	0
Principal payments of long-term debt	−282	−5	−597	−63	0
Proceeds from employee stock purchase plan	14	17	19	19	14
Repurchase of common stock	−170	−327	−273	−281	−181
Payment of employment taxes related to release of restricted stock awards	−9	−16	−18	−17	−16
Debt issuance or amendment costs	0	0	−9	−800,000	−1
Other	−4	−2	−5	−8	0
Net cash used in financing activities	−29	−333	−311	−257	−184
Effect of exchange rate changes on cash and cash equivalents	1	−2	100,000	−600,000	−600,000
Net Increase in Cash and Cash Equivalents	−44	29	106	−459	255
Income taxes	8	34	45	55	170
Interest	67	63	62	44	35

Filings

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