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Company

ASGN Inc

Ticker
ASGN
Sector
Industry
Report date
August 1, 2026
Valye AI Score

100

Very high visibility
Recent developments
Recent developments summary

Recent news coverage includes general market and technology sector updates with limited direct company-specific developments. The company’s Q4 2025 earnings and strategic initiatives were covered earlier in the year.

Recent developments:
  • ASGN reported Q4 2025 earnings with key metrics discussed in public transcripts and articles [N1].
  • The company’s financial performance and strategic positioning have been topics in recent market analyses [N1].
  • General market conditions and sector performance, including technology and IT services, have been highlighted in recent news [N4].
Overview

ASGN Inc operates as a technology and digital engineering company providing IT solutions to commercial and government clients. The company is organized into two segments: Commercial, which accounts for about 70% of revenues and serves Fortune 1000 and large mid-market clients across multiple industries; and Federal Government, which accounts for about 30% of revenues and delivers advanced IT solutions to federal agencies. ASGN is transitioning to the Everforth brand to unify its six core brands and solution areas. The company emphasizes higher-value IT consulting services leveraging a deep talent pool of approximately 19,600 billable professionals and 2,800 internal employees. ASGN's strategy includes continuous innovation, proprietary assets, and strategic partnerships with leading technology companies. The company reported $1.007 billion in revenues for Q2 2026, with a slight decline year-over-year, and maintains a contract backlog of $2.9 billion as of December 31, 2025, supporting revenue visibility. Liquidity remains strong with a current ratio of 2.13 as of June 30, 2026.

Executive summary

ASGN Inc, rebranding as Everforth, is a leading IT solutions provider serving commercial and federal government sectors through two segments. The company focuses on high-value IT consulting and digital engineering services across six core solution areas. As of June 30, 2026, ASGN reported $1.007 billion in quarterly revenues with a slight year-over-year decline and net income of $14.2 million. The company maintains a strong liquidity position with a current ratio of 2.13 and a contract backlog of $2.9 billion providing revenue visibility. Financial figures (if any) are summarized from the latest available SEC filings and are provided for informational purposes only — not financial advice.

Scenarios for ASGN

Bull case model:

ASGN's focus on higher-value IT consulting and digital engineering services aligns with growing demand for advanced technology solutions such as AI, cloud, and cybersecurity. The company's rebranding to Everforth unifies its capabilities and may enhance market presence. Strategic acquisitions, such as Quinnox, expand solution offerings and industry expertise. Strong contract backlog and diversified client base provide revenue visibility and potential stability. The company's partnerships with major technology firms support innovation and access to emerging technologies.

Bear case model:

ASGN faces risks from competitive pressures in the IT consulting and staffing markets, which may impact pricing and talent acquisition. Revenue declines in certain commercial and federal government segments indicate sensitivity to client budget fluctuations and economic cycles. Gross margin compression, particularly in the Commercial Segment, reflects business mix and foreign exchange impacts. Increased SG&A expenses related to acquisitions and integration may pressure profitability. Dependence on government contracts exposes the company to regulatory and funding risks. Talent retention and competition for skilled professionals remain ongoing challenges.

Moat:

ASGN's competitive advantage stems from its deep and specialized talent pool, enabling rapid assembly of tailored teams for clients across diverse industries and government sectors. Its unique delivery model leverages a single talent pool for both short-term assignments and long-term consulting contracts, providing cost advantages and flexibility. Longstanding client relationships and domain expertise across six core IT solution areas enhance client trust and retention. Strategic partnerships with leading technology providers and proprietary assets further differentiate ASGN's offerings. The company's sizable contract backlog and diversified client base across commercial and federal government sectors contribute to business resilience.

Risks overview
Risks summary
The primary risks for ASGN include competition for skilled IT professionals, dependence on government contracts subject to funding variability, and margin pressures from business mix and cost increases.
Risks details:

• Competition and Talent Acquisition: ASGN competes with large publicly-held and private IT consulting firms for clients and skilled professionals. The ability to attract and retain high-caliber talent is critical to maintaining service quality and client relationships.
• Government Contracting Risks: A significant portion of revenues derives from U.S. federal government contracts, which are subject to funding cycles, regulatory changes, and contract renewals. Delays or reductions in government spending could impact revenues.
• Economic and Market Sensitivity: Revenue and profitability are sensitive to economic cycles and client technology adoption rates. Declines in client budgets or shifts in demand could affect business performance.
• Margin Pressure and Cost Management: Gross margin compression in the Commercial Segment and increased SG&A expenses related to acquisitions and strategic initiatives may pressure overall profitability.
• Integration of Acquisitions: The company’s growth strategy includes acquisitions that require successful integration to realize expected benefits. Challenges in integration could affect operational efficiency and financial results.

FINAL FORECAST FOR ASGN

Final take one line
ASGN Inc exhibits very high visibility through detailed SEC disclosures outlining its IT consulting business, financials, and strategic initiatives amid modest recent revenue declines.
Final take 12 to 24 month view

Business trends: Shift towards higher-value IT consulting and digital engineering services with emphasis on AI, cloud, and cybersecurity; rebranding to Everforth to unify capabilities.
Execution milestones: Integration of recent acquisitions like Quinnox; maintaining contract backlog and client diversification; managing margin and cost pressures.
Key risks: Competition for skilled talent; dependence on government contracts and funding variability; margin compression and integration challenges.

Valye AI Visibility Research Score

Very high visibility

Visibility score reflects the breadth and consistency of available disclosure across SEC filings, recent public reporting, and baseline business context (research-only; not investment advice).

100
LLM visibility overview
LLM Visibility known facts
  • ASGN Inc is a leading provider of IT solutions to commercial and government sectors operating through two segments: Commercial and Federal Government [S1].
  • In November 2025, ASGN announced rebranding to Everforth, unifying six brands under one identity, focusing on six core solution areas: Cloud and Infrastructure, Data and AI, Software Development and Engineering, Customer Experience, Cybersecurity, and Enterprise Platforms [S1].
  • The Commercial Segment accounts for approximately 70% of revenues and serves Fortune 1000 and large mid-market clients across five industries and six solution areas [S1].
  • The Federal Government Segment accounts for approximately 30% of revenues, delivering advanced IT solutions including data and AI, cybersecurity, software and engineering, and enterprise platforms to federal agencies [S1].
  • ASGN’s business model emphasizes higher-value IT consulting services, leveraging a deep talent pool of approximately 19,600 billable professionals and 2,800 internal employees as of 2025 [S1].
  • The company’s total addressable market is approximately $680 billion, including commercial IT consulting, government IT consulting, and professional staffing [S1].
  • ASGN’s strategy focuses on high-value, scalable IT work, continuous innovation, proprietary assets, and strategic partnerships with leading technology companies such as AWS, Microsoft, Google, Salesforce, and others [S1].
  • The company maintains a contract backlog of $2.9 billion as of December 31, 2025, providing revenue visibility, especially in the Federal Government Segment [S1].
  • Revenues for the quarter ended June 30, 2026, were $1.007 billion, down 1.3% year-over-year; net income was $14.2 million for the quarter, down from $29.3 million in the prior year quarter [S2].
  • The Commercial Segment revenue declined 0.9% year-over-year for Q2 2026; Federal Government Segment revenue declined 2.3% year-over-year [S2].
  • Gross margin for Q2 2026 was 28.3%, down 40 basis points year-over-year, with Commercial Segment margin down 90 basis points and Federal Government Segment margin up 40 basis points [S2].
  • SG&A expenses increased to $226.2 million in Q2 2026 from $216.8 million in Q2 2025, including acquisition and strategic planning expenses [S2].
  • Liquidity as of June 30, 2026: cash and equivalents $161.2 million (as of Dec 31, 2025), current assets $987.6 million, current liabilities $464.4 million, current ratio 2.13, cash ratio 0.35 [sec_financial_snapshot].
  • Net cash provided by operating activities was $70.7 million for the first six months of 2026, down from $141.7 million in the same period of 2025 [S2].
  • Net cash used in investing activities for the first six months of 2026 was $298.9 million, including $283.6 million for the Quinnox acquisition [S2].
  • Net cash provided by financing activities was $220.3 million for the first six months of 2026, including borrowings under credit facilities and stock repurchases [S2].
  • The company faces competition from other large IT consulting and professional services providers and differentiates itself through a unique delivery model leveraging a deep talent pool and tailored teams [S1].
  • Risks include reliance on government contracts, competition for skilled professionals, and sensitivity to economic cycles and client technology adoption [S1].
Sources
Sources - Context summary

Generated 2026-08-01

Sources - Earning calls
  • S1
  • S2
Sources - Other context
Sources - SEC Filings
  • S1 | 2026-02-24 | 10-K
  • S2 | 2026-07-30 | 10-Q
Sources - News headlines
  • N1 | 2026-08-01 | www.nasdaq.com | Silicon Motion Crushed Earnings and Surprised Memory Chip Bears | https://www.nasdaq.com/articles/silicon-motion-crushed-earnings-and-surprised-memory-chip-bears
  • N2 | 2026-08-01 | www.nasdaq.com | History Says That Bitcoin Is an Unbelievable Bargain Right Now | https://www.nasdaq.com/articles/history-says-bitcoin-unbelievable-bargain-right-now
  • N3 | 2026-08-01 | www.nasdaq.com | These 8 States Tax Social Security Benefits. Is Your State One of Them? | https://www.nasdaq.com/articles/these-8-states-tax-social-security-benefits-your-state-one-them
  • N4 | 2026-05-03 | www.nasdaq.com | S&P 500 and Nasdaq 100 Post Record Highs on Solid Earnings | https://www.nasdaq.com/articles/sp-500-and-nasdaq-100-post-record-highs-solid-earnings
  • N5 | 2026-05-03 | www.nasdaq.com | Soybeans Trading with Friday Gains | https://www.nasdaq.com/articles/soybeans-trading-friday-gains-0
  • N6 | 2026-05-03 | www.nasdaq.com | Corn Closes Friday with Gains to Round Out the Week | https://www.nasdaq.com/articles/corn-closes-friday-gains-round-out-week
  • N7 | 2026-05-03 | www.nasdaq.com | Corn Posting Gains to Round Out the Week | https://www.nasdaq.com/articles/corn-posting-gains-round-out-week
  • N8 | 2026-05-03 | www.nasdaq.com | Sugar Prices Rally on the Outlook for Lower Sugar Production | https://www.nasdaq.com/articles/sugar-prices-rally-outlook-lower-sugar-production
Important legal disclaimer

This material is for informational purposes only and does not constitute investment, financial, legal or tax advice, or an offer or solicitation to buy or sell any security. The Valye AI Score is a model-based estimate derived from public information and is subject to change without notice. No representation or warranty, express or implied, is made as to the accuracy, completeness or fairness of the information herein. Past performance is not indicative of future results. Investors should conduct their own research and consult a qualified financial adviser before making any investment decisions.

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