This company is no longer publicly traded

Delisted / no longer publicly traded (per market data provider) Any Winston Score and financials shown below are based on the last available data and should be treated as historical — they are no longer updated.

Delisted: April 24, 2026

ASGN Incorporated

ASGN

Information Technology Services · Technology

Price

$20.96

+1.99 (+10.49%)

Market Cap

$895.0M

Winston Score

Winston is serious

Below-average fundamentals — multiple weak pillars.

Share count falling — buybacks

−18.5% over 4y

The company has reduced its share count over this period, returning value to shareholders through buybacks.

Diluted shares outstanding: 53.5M (2021) → 43.6M (2025)

ASGN Incorporated is a staffing and consulting company that places skilled workers — mainly in technology, engineering, and government IT — with businesses and federal agencies that need specialized talent. Its two main segments are Commercial (serving private-sector companies) and Federal (serving U.S. government clients through its Apex and ECS divisions). The company competes in the professional staffing industry, where it focuses on higher-skill, higher-margin roles rather than general labor.

ASGN earns revenue by billing clients for the hours its contractors work or by charging fees for permanent placement and project-based consulting work. It operates primarily in the United States, with roughly $4 billion in annual revenue, and its federal government business provides some stability because government contracts tend to run on multi-year terms. The main risk is that demand for IT staffing is closely tied to corporate and government spending cycles, meaning a slowdown in tech hiring or federal budget cuts could meaningfully reduce revenue.

Winston Score History

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+0.0% YoY

YoY Growth Rate

Slow revenue growth

EPS Growth

-72.9% YoY

YoY Growth Rate

Earnings declining

R&D Spend

$0/ year

0.0% of revenue

Below sector average (15%)

Research and development spending

Insider Activity

6.5%ownership

→ Flat

Insiders holding steady — not selling despite ability to

Cash Position

Cash flow positive

$161M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Company generates more cash than it spends — no dilution risk from fundraising

Growth context

ASGN Incorporated is growing revenue at 0% year-over-year. The Winston Score measures business quality today — these growth metrics show what could matter tomorrow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

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Quality

Gross Margin

25.8%

Modest — 25.8% gross margin

Operating Margin

4.2%

Thin — 4.2% operating margin

ROCE

1.4%

Weak — 1.4% return on capital

ROIC between 0% and 5%. They earn a few cents back per dollar invested in the business.

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Growth

Sales YoY

-1.0%

Shrinking sales (-1.0% YoY)

EPS YoY

-36.2%

Earnings shrinking (-36.2% YoY)

Earnings per share down more than 10%. Either a bad year, or a real decline.

EPS Consistency

0/8 quarters

Earnings rarely grow — volatile business

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Cash Flow

Cash Conversion

336%

Turns 336% of profit into real cash

FCF Margin

7.5%

Modest free cash flow (7.5%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

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Stability

Debt / Equity

0.65

Moderate — manageable debt (0.65)

Interest Cover

1.38x

Dangerous — barely covers interest (1.4x)

Interest coverage between 1 and 3. Profits cover interest, but with little room to spare.

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Valuation

P/E Ratio (TTM)

9.3x

Attractive valuation — P/E 9.3

P/E under 10. The price tag is small relative to last year's profit.

P/E vs Forward

+3.5

GROWING

Earnings expected to grow meaningfully — cheaper on forward P/E (9.3 → 5.8)

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Dividends

Not applicable for this business.

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