Company: ASGN
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0000890564-25-000039
Chunk: 57

Company: ASGN Inc
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 2
Chunk 57
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% of Total20252024Change20252024ChangeCommercialConsulting$325.7 $281.5 15.7%31.9%27.2%4.7%Assignment382.4 444.2 (13.9%)37.5%42.9%(5.4%)708.1 725.7 (2.4%)69.4%70.1%(0.7%)Federal Government312.5309.0 1.1%30.6%29.9%0.7%Consolidated$1,020.6 $1,034.7 (1.4%)100.0%100.0%    

From an industry perspective, the Company operates in six broad industry verticals. Commercial Segment revenues (69.4 percent of total revenues) were down 2.4 percent year-over-year and are categorized in five verticals: (i) Consumer and Industrial, (ii) Financial Services,  (iii) Technology, Media, and Telecom ("TMT"), (iv) Healthcare, and (v) Business Services. The Consumer and Industrial vertical was up double digits, Healthcare was flat, and the remaining three verticals declined. Federal Government Segment revenues (30.6 percent of total revenues), the sixth industry vertical, were up 1.1 percent year-over-year.

Total IT consulting revenues were $638.2 million (62.5 percent of total revenues), up 8.1 percent year-over-year. Commercial Segment consulting revenues were $325.7 million, up 15.7 percent year-over-year. Federal Government Segment revenues, which are all consulting revenues, were $312.5 million, up 1.1 percent year-over-year as stated above. Assignment revenues, which totaled $382.4 million (37.5 percent of total revenues), were down 13.9 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 June 30, 2025 and 2024 (in millions).

Gross ProfitGross Margin20252024Change20252024ChangeCommercial $233.4 $237.3 (1.6%)33.0%32.7%0.3%Federal Government 59.9 63.8 (6