Company: ASGN
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0000890564-25-000063
Chunk: 63

Company: ASGN Inc
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 2
Chunk 63
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5 and 2024 (in millions).

% of Total20252024Change20252024ChangeCommercialConsulting$334.9 $285.0 17.5%33.1%27.6%5.5%Assignment376.4 433.8 (13.2%)37.2%42.1%(4.9%)711.3 718.8 (1.0%)70.3%69.7%0.6%Federal Government300.1312.2 (3.9%)29.7%30.3%(0.6%)Consolidated$1,011.4 $1,031.0 (1.9%)100.0%100.0%    

Commercial Segment revenues (70.3 percent of total revenues) were down 1.0 percent year-over-year and are categorized in five industries: (i) Consumer and Industrial, (ii) Financial Services, (iii) Technology, Media, and Telecom ("TMT"), (iv) Healthcare, and (v) Business Services. Consumer and Industrial was up mid-teens, Healthcare was up high single digits, and the remaining three industries declined. Federal Government Segment revenues (29.7 percent of total revenues) were down 3.9 percent year-over-year. Federal Government Segment revenues are categorized into four customer types: (i) Defense and Intelligence, (ii) National Security, (iii) Civilian, and (iv) other clients. Federal Civilian and Defense and Intelligence both declined year-over-year, while National Security was up.

Total IT consulting revenues were $635.0 million (62.8 percent of total revenues), up 6.3 percent year-over-year. Commercial Segment consulting revenues were $334.9 million, up 17.5 percent year-over-year. Federal Government Segment revenues, which are all consulting revenues, were $300.1 million, down 3.9 percent year-over-year as stated above. Assignment revenues, which totaled $376.4 million (37.2 percent of total revenues), were down 13.2 percent year-over-year, reflecting continued softness in the portions of the Commercial Segment business that are more sensitive to changes in macroeconomic cycles.

13

Gross Profit and Gross Margin

The table below shows gross profit and gross margin by segment for the three months ended September 30, 2025 and 2024 (in millions).

Gross ProfitGross Margin20252024Change