Medpace Holdings Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	2,530	2,109	1,886	1,460	1,142
Revenue Growth (YoY)	19.97%	11.84%	29.17%	27.80%	23.38%
Cost of Revenue	732.13	682.1	638.25	534.89	441.09
Gross Profit	1,798	1,427	1,248	925.11	701.29
Selling, General & Admin	197.56	180.18	161.35	131.4	108.42
Amortization of Goodwill & Intangibles	0.95	1.44	2.2	3.35	5.11
Other Operating Expenses	1,037	770.65	723.09	492.67	373.13
Operating Expenses	1,263	980.09	910.77	646.41	502.67
Operating Income	534.94	446.87	336.83	278.7	198.62
Interest Expense	-	-	-0.49	-2.91	-0.11
Interest & Investment Income	12.78	25	-	-	-
Currency Exchange Gain (Loss)	-	-0.5	-1.93	3.86	2.78
Other Non Operating Income (Expenses)	-5.34	4.55	1.27	3.21	0.56
EBT Excluding Unusual Items	542.38	475.92	335.68	282.86	201.85
Pretax Income	542.38	475.92	335.68	282.86	201.85
Income Tax Expense	91.25	71.54	52.87	37.49	20
Net Income	451.12	404.39	282.81	245.37	181.85
Preferred Dividends & Other Adjustments	-	0.04	0.19	0.16	0.46
Net Income to Common	451.12	404.34	282.62	245.21	181.39
Net Income Growth	11.56%	42.99%	15.26%	34.93%	25.08%
Shares Outstanding (Basic)	29	31	31	32	36
Shares Outstanding (Diluted)	30	32	32	34	38
Shares Change (YoY)	-7.77%	0.54%	-5.44%	-10.68%	-0.03%
EPS (Basic)	15.64	13.06	9.20	7.57	5.06
EPS (Diluted)	15.28	12.63	8.88	7.28	4.81
EPS Growth	20.98%	42.23%	21.98%	51.35%	25.26%
Free Cash Flow	681.87	572.27	396.73	351.17	235.06
Free Cash Flow Per Share	23.09	17.88	12.46	10.43	6.24
Gross Margin	71.06%	67.66%	66.16%	63.36%	61.39%
Operating Margin	21.14%	21.19%	17.86%	19.09%	17.39%
Profit Margin	17.83%	19.17%	14.99%	16.79%	15.88%
Free Cash Flow Margin	26.95%	27.13%	21.04%	24.05%	20.58%
EBITDA	563.06	476.12	363.15	301.04	219.73
EBITDA Margin	22.25%	22.57%	19.26%	20.62%	19.23%
D&A For EBITDA	28.12	29.25	26.33	22.34	21.12
EBIT	534.94	446.87	336.83	278.7	198.62
EBIT Margin	21.14%	21.19%	17.86%	19.09%	17.39%
Effective Tax Rate	16.83%	15.03%	15.75%	13.26%	9.91%
Advertising Expenses	-	1.5	1.5	1.3	1.2

Source: S&P Global Market Intelligence. Standard template. Financial Sources.