MEDP - Medpace Holdings, Inc.
Price:
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--
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CONSENSUS:
Hold
DETAILS
|
PRICE TARGET:
$498.86
DETAILS
HIGH:
$582.00
LOW:
$400.00
MEDIAN:
$484.00
CONSENSUS:
$498.86
UPSIDE:
15.26%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||
| Revenue | 2,530.2 | 2,109.1 | 1,885.8 | 1,460.0 | 1,142.4 | 925.9 | 861.0 | 704.6 | 436.2 | 421.6 | 359.1 | 290.0 | 272.9 |
| Cost of Revenue | 1,769.6 | 1,452.7 | 1,361.3 | 1,027.6 | 814.2 | 647.2 | 615.3 | 489.1 | 261.5 | 249.5 | 202.7 | 156.3 | 148.4 |
| Gross Profit | 760.6 | 656.3 | 524.5 | 432.4 | 328.2 | 278.7 | 245.7 | 215.5 | 174.7 | 172.1 | 156.4 | 133.7 | 124.5 |
| Operating Expenses | |||||||||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 197.6 | 180.2 | 161.4 | 131.4 | 108.4 | 92.2 | 95.2 | 75.7 | 63.4 | 61.5 | 57.0 | 39.7 | 35.1 |
| Other Expenses | 28.1 | 29.3 | 26.3 | 22.3 | 21.1 | 19.5 | 23.2 | 38.8 | 46.5 | 58.1 | 78.8 | 0 | 30.5 |
| Operating Expenses | 225.7 | 209.4 | 187.7 | 153.7 | 129.5 | 111.7 | 118.4 | 114.5 | 109.8 | 119.6 | 135.8 | 128.5 | 65.6 |
| Operating Income | |||||||||||||
| Operating Income | 534.9 | 446.9 | 336.8 | 278.7 | 198.6 | 167.0 | 127.3 | 101.0 | 64.9 | 52.5 | 20.6 | 26.0 | 58.9 |
| Interest Expense | 0 | 0 | 0.5 | 2.9 | 0.1 | 0 | 1.6 | 8.2 | 7.6 | 19.4 | 27.3 | 26.5 | 18 |
| Interest Income | 0 | 25.0 | 0 | 0 | 0 | 0.3 | 0 | 0 | 0 | 0 | 0 | 26.5 | 0 |
| Profitability | |||||||||||||
| EBITDA | 570.5 | 476.1 | 363.2 | 301.0 | 219.7 | 186.6 | 150.5 | 139.8 | 111.0 | 99.5 | 89.0 | 94.1 | 87.7 |
| EBIT | 542.4 | 446.9 | 336.8 | 278.7 | 198.6 | 167.0 | 127.3 | 101.0 | 64.5 | 41.3 | 19.4 | 26.0 | 57.1 |
| Income Before Tax | 542.4 | 475.9 | 335.7 | 282.9 | 201.9 | 168.5 | 124.8 | 94.0 | 56.9 | 22.0 | (7.8) | (21.3) | 39.1 |
| Income Tax Expense | 91.3 | 71.5 | 52.9 | 37.5 | 20.0 | 23.1 | 24.4 | 20.8 | 17.8 | 8.5 | 0.8 | (5.7) | 14.3 |
| Net Income | 451.1 | 404.4 | 282.8 | 245.4 | 181.8 | 145.4 | 100.4 | 73.2 | 39.1 | 13.4 | (8.7) | (15.6) | 24.8 |
| Per Share Data | |||||||||||||
| EPS (Basic) | 15.64 | 13.06 | 9.20 | 7.57 | 5.06 | 4.07 | 2.79 | 2.05 | 1.00 | 0.38 | -0.28 | -0.53 | 1.33 |
| EPS (Diluted) | 15.28 | 12.63 | 8.88 | 7.28 | 4.81 | 3.84 | 2.67 | 1.97 | 0.98 | 0.37 | -0.28 | -0.53 | 1.28 |
| Shares Outstanding | 28.8 | 31.0 | 30.7 | 32.4 | 35.9 | 35.6 | 35.9 | 35.5 | 39.1 | 35.7 | 39.6 | 29.4 | 38.3 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||
| Cash & Cash Equivalents | 497.0 | 669.4 | 245.4 | 28.3 | 461.3 | 277.8 | 131.9 | 23.3 | 26.5 | 37.1 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 402.1 | 296.4 | 298.4 | 253.4 | 186.4 | 161.0 | 155.7 | 133.4 | 83.1 | 79.8 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.0 | 0.0 | 0.3 |
| Other Current Assets | 90.5 | 63.4 | 50.0 | 52.3 | 0 | 0 | 0 | 0.0 | 0.0 | 0.3 |
| Total Current Assets | 989.6 | 1,029.2 | 593.8 | 334.0 | 690.9 | 473.7 | 317.0 | 178.1 | 130.0 | 133.2 |
| Non-Current Assets | ||||||||||
| Property, Plant & Equipment | 248.9 | 252.3 | 265.4 | 248.9 | 222.7 | 198.8 | 99.4 | 52.3 | 48.7 | 43.8 |
| Goodwill | 662.4 | 662.4 | 662.4 | 662.4 | 662.4 | 662.4 | 662.4 | 661.0 | 661.0 | 661.0 |
| Intangible Assets | 33.4 | 34.4 | 35.8 | 38.0 | 41.4 | 46.5 | 54.4 | 69.2 | 98.7 | 136.1 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 21.9 | 22.3 | 25.0 | 21.1 | 17.4 | 8.8 | 9.5 | 6.7 | 5.9 | 4.9 |
| Total Non-Current Assets | 985.8 | 1,071.6 | 1,063 | 1,018.5 | 969.0 | 917.0 | 826.0 | 789.8 | 820.7 | 845.9 |
| Total Assets | 1,975.5 | 2,100.9 | 1,656.8 | 1,352.5 | 1,659.9 | 1,390.7 | 1,143.1 | 967.9 | 950.7 | 979.1 |
| Current Liabilities | ||||||||||
| Account Payables | 28.1 | 32.5 | 31.9 | 33.1 | 25.7 | 26.6 | 22.4 | 16.7 | 16.7 | 10.9 |
| Short-Term Debt | 23.2 | 23.3 | 0 | 50 | 0 | 0 | 0 | 0 | 16.5 | 12.4 |
| Deferred Revenue | 854.4 | 710.6 | 559.9 | 462.7 | 344.6 | 255.7 | 192.4 | 147.9 | 73.8 | 65.7 |
| Other Current Liabilities | 357.9 | 115.3 | 116.3 | 118.7 | 85.5 | 63.7 | 53.1 | 36.2 | 81.8 | 76.7 |
| Total Current Liabilities | 1,343.7 | 1,104.6 | 925.1 | 803.5 | 557.2 | 440.1 | 343.0 | 257.0 | 192.7 | 168.6 |
| Non-Current Liabilities | ||||||||||
| Long-Term Debt | 113.6 | 0 | 0 | 0 | 0 | 0 | 0 | 79.7 | 205.1 | 151.3 |
| Deferred Tax Liabilities | 9.7 | 1.8 | 2.4 | 1.1 | 1.1 | 13.6 | 12.8 | 0.4 | 0.6 | 12.0 |
| Other Non-Current Liabilities | (64.3) | 42.7 | 28.2 | 22.7 | 17.7 | 16.1 | 15.7 | 41.0 | 48.8 | 36.5 |
| Total Non-Current Liabilities | 172.7 | 170.8 | 172.7 | 162.6 | 149.8 | 144.8 | 73.8 | 121.2 | 254.5 | 199.8 |
| Total Liabilities | 1,516.4 | 1,275.3 | 1,097.9 | 966.1 | 707.0 | 584.9 | 416.8 | 378.2 | 447.2 | 368.4 |
| Stockholders' Equity | ||||||||||
| Common Stock | 0.3 | 0.3 | 0.3 | 0.3 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 |
| Retained Earnings | (460.0) | 8.2 | (221.6) | (359.8) | 235.0 | 115.2 | 68.1 | (41.5) | (120.4) | (9.6) |
| Accumulated Other Comprehensive Income | (4.9) | (14.7) | (10.1) | (12.4) | (4.8) | (0.1) | (2.7) | (2.5) | (0.7) | (3.7) |
| Total Stockholders' Equity | 459.1 | 825.5 | 559.0 | 386.4 | 952.9 | 805.8 | 726.3 | 589.7 | 503.5 | 610.7 |
| Total Liabilities & Equity | 1,975.5 | 2,100.9 | 1,656.8 | 1,352.5 | 1,659.9 | 1,390.7 | 1,143.1 | 967.9 | 950.7 | 979.1 |
| Debt Metrics | ||||||||||
| Total Debt | 250.5 | 149.5 | 142.1 | 188.9 | 131.0 | 115.1 | 45.2 | 79.7 | 221.6 | 163.6 |
| Net Debt | (246.6) | (519.9) | (103.3) | 160.6 | (330.3) | (162.6) | (86.7) | 56.4 | 195.1 | 126.5 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | 451.1 | 404.4 | 282.8 | 245.4 | 181.8 | 145.4 | 100.4 | 73.2 | 39.1 | 13.4 |
| Depreciation & Amortization | 27.2 | 29.3 | 26.3 | 22.3 | 21.1 | 19.5 | 23.2 | 38.8 | 46.5 | 58.1 |
| Stock-Based Compensation | 34.8 | 25.5 | 20.5 | 21.4 | 14.5 | 13.8 | 20.7 | 6.5 | 4.5 | 9.8 |
| Change in Working Capital | 96.3 | 157.2 | 106.5 | 106.1 | 66.7 | 66.3 | 35.6 | 39.6 | 12.9 | 7.1 |
| Other Non-Cash Items | 23.1 | 19.1 | 22.4 | 15.9 | 16.3 | 13.2 | 11.9 | (5.4) | (8.8) | 12.3 |
| Operating Cash Flow | 713.2 | 608.8 | 433.4 | 388.1 | 263.3 | 258.7 | 201.9 | 156.6 | 97.4 | 91.7 |
| Investing Activities | ||||||||||
| Capital Expenditure | (31.4) | (36.5) | (36.6) | (36.9) | (28.3) | (31.3) | (17.9) | (16.0) | (12.3) | (13.5) |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Purchases of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Sales/Maturities of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | (31.1) | 8.2 | 2.0 | (1.9) | (3.1) | 0.1 | (1.2) | (0.9) | (0.5) | 0.1 |
| Investing Cash Flow | (31.1) | (28.3) | (34.6) | (38.7) | (31.4) | (31.2) | (19.1) | (17.0) | (12.2) | (13.4) |
| Financing Activities | ||||||||||
| Net Debt Issuance | 0 | 0 | (50) | 50 | 0 | 0 | (80.4) | (142.2) | 57.6 | (226.1) |
| Stock Repurchased | (917.4) | (169.9) | (144.0) | (847.8) | (62.1) | (98.3) | 0 | 0 | (155.6) | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | 0 | 15.9 | 11.4 | 22.1 | 17.6 | 16.0 | 6.5 | 0.6 | 0.1 | (5.5) |
| Financing Cash Flow | (860.4) | (154.0) | (182.6) | (775.8) | (44.5) | (82.3) | (73.9) | (141.6) | (97.8) | (58.0) |
| Cash Position | ||||||||||
| Net Change in Cash | (172.4) | 424.0 | 217.2 | (433.0) | 183.5 | 145.8 | 108.6 | (3.2) | (10.9) | 19.7 |
| Cash at Beginning | 669.4 | 245.4 | 28.3 | 461.3 | 277.8 | 131.9 | 23.3 | 26.5 | 37.4 | 17.7 |
| Cash at End | 497.0 | 669.4 | 245.4 | 28.3 | 461.3 | 277.8 | 131.9 | 23.3 | 26.5 | 37.4 |
| Free Cash Flow | 681.9 | 572.3 | 396.7 | 351.2 | 235.1 | 227.3 | 184.0 | 140.6 | 85.1 | 78.2 |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 2,530.2 | 2,109.1 | 1,885.8 | 1,460.0 | 1,142.4 | 925.9 | 861.0 | 704.6 | 436.2 | 421.6 | 359.1 | 290.0 | 272.9 |
| Gross Profit | 760.6 | 656.3 | 524.5 | 432.4 | 328.2 | 278.7 | 245.7 | 215.5 | 174.7 | 172.1 | 156.4 | 133.7 | 124.5 |
| Operating Income | 534.9 | 446.9 | 336.8 | 278.7 | 198.6 | 167.0 | 127.3 | 101.0 | 64.9 | 52.5 | 20.6 | 26.0 | 58.9 |
| Net Income | 451.1 | 404.4 | 282.8 | 245.4 | 181.8 | 145.4 | 100.4 | 73.2 | 39.1 | 13.4 | (8.7) | (15.6) | 24.8 |
| EPS (Diluted) | 15.28 | 12.63 | 8.88 | 7.28 | 4.81 | 3.84 | 2.67 | 1.97 | 0.98 | 0.37 | -0.28 | -0.53 | 1.28 |
| Balance Sheet | |||||||||||||
| Cash & Equivalents | 497.0 | 669.4 | 245.4 | 28.3 | 461.3 | 277.8 | 131.9 | 23.3 | 26.5 | 37.1 | |||
| Total Assets | 1,975.5 | 2,100.9 | 1,656.8 | 1,352.5 | 1,659.9 | 1,390.7 | 1,143.1 | 967.9 | 950.7 | 979.1 | |||
| Total Debt | 250.5 | 149.5 | 142.1 | 188.9 | 131.0 | 115.1 | 45.2 | 79.7 | 221.6 | 163.6 | |||
| Stockholders' Equity | 459.1 | 825.5 | 559.0 | 386.4 | 952.9 | 805.8 | 726.3 | 589.7 | 503.5 | 610.7 | |||
| Cash Flow | |||||||||||||
| Operating Cash Flow | 713.2 | 608.8 | 433.4 | 388.1 | 263.3 | 258.7 | 201.9 | 156.6 | 97.4 | 91.7 | |||
| Capital Expenditure | (31.4) | (36.5) | (36.6) | (36.9) | (28.3) | (31.3) | (17.9) | (16.0) | (12.3) | (13.5) | |||
| Free Cash Flow | 681.9 | 572.3 | 396.7 | 351.2 | 235.1 | 227.3 | 184.0 | 140.6 | 85.1 | 78.2 | |||