Medpace Holdings Cash Flow 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
Net Income	451.12	404.39	282.81	245.37	181.85
Depreciation & Amortization	28.12	29.25	26.33	22.34	21.12
Stock-Based Compensation	34.79	25.51	20.52	21.41	14.47
Other Operating Activities	102.91	-7.52	-2.77	-7.13	-20.82
Change in Accounts Receivable	-106.22	2.24	-48.28	-66.92	-24.98
Change in Accounts Payable	2.63	-2.97	1.05	6.43	1.87
Change in Unearned Revenue	143.81	150.73	97.13	118.09	88.98
Change in Other Net Operating Assets	56.06	7.18	56.59	48.46	0.85
Operating Cash Flow	713.22	608.82	433.37	388.05	263.33
Operating Cash Flow Growth	17.15%	40.48%	11.68%	47.36%	1.80%
Capital Expenditures	-31.36	-36.55	-36.65	-36.88	-28.27
Other Investing Activities	0.22	8.24	2.02	-1.86	-3.09
Investing Cash Flow	-31.14	-28.31	-34.63	-38.74	-31.36
Short-Term Debt Issued	-	-	105	324.2	-
Total Debt Issued	-	-	105	324.2	-
Short-Term Debt Repaid	-	-	-155	-274.2	-
Total Debt Repaid	-	-	-155	-274.2	-
Net Debt Issued (Repaid)	-	-	-50	50	-
Issuance of Common Stock	57	15.86	11.38	22.07	17.64
Repurchase of Common Stock	-917.39	-169.87	-144.02	-847.85	-62.1
Financing Cash Flow	-860.39	-154.01	-182.64	-775.78	-44.45
Foreign Exchange Rate Adjustments	5.92	-2.51	1.08	-6.57	-3.97
Net Cash Flow	-172.39	423.99	217.18	-433.04	183.54
Free Cash Flow	681.87	572.27	396.73	351.17	235.06
Free Cash Flow Growth	19.15%	44.25%	12.97%	49.40%	3.40%
Free Cash Flow Margin	26.95%	27.13%	21.04%	24.05%	20.58%
Free Cash Flow Per Share	23.09	17.88	12.46	10.43	6.24
Cash Interest Paid	-	0.17	3.06	2.94	0.12
Cash Income Tax Paid	39.72	83.57	76.35	50.16	56.24
Levered Free Cash Flow	472.38	464.59	346.29	296.41	214.38
Unlevered Free Cash Flow	472.38	464.59	346.6	298.23	214.45
Change in Working Capital	96.28	157.18	106.49	106.06	66.71

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q