Everforth (EFOR)
Market Price (10/23/2026): $0 | Market Cap: $-Sector: Information Technology | Industry: IT Consulting & Other Services
Everforth (EFOR)
Market Price (10/23/2026): $0Market Cap: $-Sector: Information TechnologyIndustry: IT Consulting & Other Services
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldFCF Yield is 13% | Trading close to highsDist 52W High is 0.0%, Dist 3Y High is 0.0% | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 76% Stock price has recently run up significantly6M Rtn6 month market price return is 116%, 12M Rtn12 month market price return is 116% Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -4.8%, Rev Chg QQuarterly Revenue Change % is -1.3% Valuation getting more expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 129% |
| Attractive yieldFCF Yield is 13% |
| Trading close to highsDist 52W High is 0.0%, Dist 3Y High is 0.0% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 76% |
| Stock price has recently run up significantly6M Rtn6 month market price return is 116%, 12M Rtn12 month market price return is 116% |
| Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -4.8%, Rev Chg QQuarterly Revenue Change % is -1.3% |
| Valuation getting more expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 129% |
Qualitative Assessment
AI Analysis | Feedback
Updated on 10/21/2026
Everforth (EFOR) stock has gained about 130% since 6/30/2026 because of the following key factors:
1. Everforth (EFOR) reported robust fiscal Q2 2026 results, surpassing revenue and Adjusted EBITDA guidance.
The company announced strong financial performance for the quarter ended June 30, 2026, with revenues reaching $1,007.0 million and an Adjusted EBITDA margin of 9.6 percent, both exceeding the high end of their guidance estimates. Additionally, Everforth demonstrated sound capital management by repurchasing 0.4 million shares for $11.5 million and repaying $23.9 million in debt during the quarter. Subsequent to the quarter end, in July, the company further strengthened its financial position by completing the refinancing and upsizing of its revolving facility to $600 million.
2. The company secured a significant $148 million contract extension in late fiscal Q3 2026.
On September 24, 2026, Everforth ECS announced it secured a $148 million SUNet Contract Extension. This extension is aimed at advancing the SUNet 2.0 Modernization program, indicating continued strong demand for Everforth's services.
Show more
Everforth (EFOR) stock has gained about 130% since 6/30/2026 because of the following key factors:
1. Everforth (EFOR) reported robust fiscal Q2 2026 results, surpassing revenue and Adjusted EBITDA guidance.
The company announced strong financial performance for the quarter ended June 30, 2026, with revenues reaching $1,007.0 million and an Adjusted EBITDA margin of 9.6 percent, both exceeding the high end of their guidance estimates. Additionally, Everforth demonstrated sound capital management by repurchasing 0.4 million shares for $11.5 million and repaying $23.9 million in debt during the quarter. Subsequent to the quarter end, in July, the company further strengthened its financial position by completing the refinancing and upsizing of its revolving facility to $600 million.
2. The company secured a significant $148 million contract extension in late fiscal Q3 2026.
On September 24, 2026, Everforth ECS announced it secured a $148 million SUNet Contract Extension. This extension is aimed at advancing the SUNet 2.0 Modernization program, indicating continued strong demand for Everforth's services.
Show more
Updated on 10/21/2026
Everforth (EFOR) stock has gained about 130% since 6/30/2026 because of the following key factors:
1. Everforth (EFOR) reported robust fiscal Q2 2026 results, surpassing revenue and Adjusted EBITDA guidance.
The company announced strong financial performance for the quarter ended June 30, 2026, with revenues reaching $1,007.0 million and an Adjusted EBITDA margin of 9.6 percent, both exceeding the high end of their guidance estimates. Additionally, Everforth demonstrated sound capital management by repurchasing 0.4 million shares for $11.5 million and repaying $23.9 million in debt during the quarter. Subsequent to the quarter end, in July, the company further strengthened its financial position by completing the refinancing and upsizing of its revolving facility to $600 million.
2. The company secured a significant $148 million contract extension in late fiscal Q3 2026.
On September 24, 2026, Everforth ECS announced it secured a $148 million SUNet Contract Extension. This extension is aimed at advancing the SUNet 2.0 Modernization program, indicating continued strong demand for Everforth's services.
3. Everforth fortified its strategic partnership with Microsoft, emphasizing AI-led innovation in fiscal Q3 2026.
On September 22, 2026, Everforth announced a "Strengthened Microsoft Partnership Brings AI Ambition to Life." This strategic collaboration highlights Everforth's focus on technology modernization and AI-led innovation, positioning the company favorably within a rapidly growing sector and signaling future growth opportunities.
4. Everforth received an analyst rating upgrade to "Strong Buy" in fiscal Q3 2026.
Zacks Investment Research upgraded Everforth's (EFOR) rating to "Strong Buy" on August 12, 2026. This positive revision from a respected financial analyst firm likely contributed to increased investor confidence and buying interest in the stock.
Show less
Everforth (EFOR) stock has gained about 130% since 6/30/2026 because of the following key factors:
1. Everforth (EFOR) reported robust fiscal Q2 2026 results, surpassing revenue and Adjusted EBITDA guidance.
The company announced strong financial performance for the quarter ended June 30, 2026, with revenues reaching $1,007.0 million and an Adjusted EBITDA margin of 9.6 percent, both exceeding the high end of their guidance estimates. Additionally, Everforth demonstrated sound capital management by repurchasing 0.4 million shares for $11.5 million and repaying $23.9 million in debt during the quarter. Subsequent to the quarter end, in July, the company further strengthened its financial position by completing the refinancing and upsizing of its revolving facility to $600 million.
2. The company secured a significant $148 million contract extension in late fiscal Q3 2026.
On September 24, 2026, Everforth ECS announced it secured a $148 million SUNet Contract Extension. This extension is aimed at advancing the SUNet 2.0 Modernization program, indicating continued strong demand for Everforth's services.
3. Everforth fortified its strategic partnership with Microsoft, emphasizing AI-led innovation in fiscal Q3 2026.
On September 22, 2026, Everforth announced a "Strengthened Microsoft Partnership Brings AI Ambition to Life." This strategic collaboration highlights Everforth's focus on technology modernization and AI-led innovation, positioning the company favorably within a rapidly growing sector and signaling future growth opportunities.
4. Everforth received an analyst rating upgrade to "Strong Buy" in fiscal Q3 2026.
Zacks Investment Research upgraded Everforth's (EFOR) rating to "Strong Buy" on August 12, 2026. This positive revision from a respected financial analyst firm likely contributed to increased investor confidence and buying interest in the stock.
Show less
Holding a concentrated position? Know your true downside before the momentum shifts.
Protect Your Wealth →
Stock Movement Drivers
Fundamental Drivers
The 129.4% change in EFOR stock from 6/30/2026 to 10/22/2026 was primarily driven by a 169.2% change in the company's P/E Multiple.| (LTM values as of) | 6302026 | 10222026 | Change |
|---|---|---|---|
| Stock Price ($) | 17.87 | 41.00 | 129.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 3,980 | 3,967 | -0.3% |
| Net Income Margin (%) | 2.5% | 2.1% | -15.1% |
| P/E Multiple | 7.5 | 20.3 | 169.2% |
| Shares Outstanding (Mil) | 41 | 41 | 0.7% |
| Cumulative Contribution | 129.4% |
Market Drivers
6/30/2026 to 10/22/2026| Return | Correlation | |
|---|---|---|
| EFOR | 129.4% | |
| Market (SPY) | 2.3% | 26.3% |
| Sector (XLK) | -4.3% | 9.8% |
Fundamental Drivers
nullnull
Market Drivers
3/31/2026 to 10/22/2026| Return | Correlation | |
|---|---|---|
| EFOR | ||
| Market (SPY) | 17.8% | 8.5% |
| Sector (XLK) | 37.4% | -2.8% |
Fundamental Drivers
nullnull
Market Drivers
9/30/2025 to 10/22/2026| Return | Correlation | |
|---|---|---|
| EFOR | ||
| Market (SPY) | 15.6% | 8.5% |
| Sector (XLK) | 29.9% | -2.8% |
Fundamental Drivers
nullnull
Market Drivers
9/30/2023 to 10/22/2026| Return | Correlation | |
|---|---|---|
| EFOR | ||
| Market (SPY) | 84.8% | 8.5% |
| Sector (XLK) | 126.4% | -2.8% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| EFOR Return | - | - | - | - | - | 108% | 108% |
| Peers Return | 26% | -13% | 15% | 2% | -1% | -9% | 16% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 12% | 104% |
Monthly Win Rates [3] | |||||||
| EFOR Win Rate | - | - | - | - | - | 86% | |
| Peers Win Rate | 60% | 48% | 57% | 55% | 52% | 48% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| EFOR Max Drawdown | - | - | - | - | - | - | |
| Peers Max Drawdown | -19% | -38% | -25% | -30% | -33% | -51% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: ACN, CTSH, EPAM, LDOS, SAIC.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 10/22/2026 (YTD)
How Low Can It Go
EFOR has limited trading history. Below is the Information Technology sector ETF (XLK) in its place.
| Event | XLK | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -25.7% | -18.8% |
| % Gain to Breakeven | 34.5% | 23.1% |
| Time to Breakeven | 65 days | 79 days |
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -17.0% | -7.8% |
| % Gain to Breakeven | 20.4% | 8.5% |
| Time to Breakeven | 92 days | 18 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -10.0% | -9.5% |
| % Gain to Breakeven | 11.2% | 10.5% |
| Time to Breakeven | 15 days | 24 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -33.1% | -24.5% |
| % Gain to Breakeven | 49.5% | 32.4% |
| Time to Breakeven | 246 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -31.2% | -33.7% |
| % Gain to Breakeven | 45.2% | 50.9% |
| Time to Breakeven | 78 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -23.8% | -19.2% |
| % Gain to Breakeven | 31.2% | 23.8% |
| Time to Breakeven | 100 days | 105 days |
In The Past
State Street Technology Select Sector SPDR ETF's stock fell -25.7% during the 2025 US Tariff Shock. Such a loss loss requires a 34.5% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
EFOR has limited trading history. Below is the Information Technology sector ETF (XLK) in its place.
| Event | XLK | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -25.7% | -18.8% |
| % Gain to Breakeven | 34.5% | 23.1% |
| Time to Breakeven | 65 days | 79 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -33.1% | -24.5% |
| % Gain to Breakeven | 49.5% | 32.4% |
| Time to Breakeven | 246 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -31.2% | -33.7% |
| % Gain to Breakeven | 45.2% | 50.9% |
| Time to Breakeven | 78 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -23.8% | -19.2% |
| % Gain to Breakeven | 31.2% | 23.8% |
| Time to Breakeven | 100 days | 105 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -51.5% | -53.4% |
| % Gain to Breakeven | 106.2% | 114.4% |
| Time to Breakeven | 797 days | 1085 days |
In The Past
State Street Technology Select Sector SPDR ETF's stock fell -25.7% during the 2025 US Tariff Shock. Such a loss loss requires a 34.5% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Everforth (EFOR)
ASGN Incorporated provides information technology services and professional solutions in the technology, digital, and creative fields for commercial and government sectors in the United States. It operates through two segments: Commercial and Federal Government. The Commercial Segment provides consulting, creative digital marketing, and permanent placement services primarily to Fortune 1000 and mid-market clients. This segment also offers workforce mobilization, modern enterprise, and digital innovation IT consulting services; and cloud, data and analytics, and digital transformation solutions. The Federal Government Segment provides mission-critical solutions to the department of defense, intelligence agencies, and civilian agencies. This segment offers cloud, cybersecurity, artificial intelligence, machine learning, application and IT modernization, and science and engineering solutions. The company was formerly known as On Assignment, Inc. and changed its name to ASGN Incorporated in April 2018. ASGN Incorporated was incorporated in 1985 and is based in Glen Allen, Virginia.
AI Analysis | Feedback
null
AI Analysis | Feedback
null
AI Analysis | Feedback
null
AI Analysis | Feedback
null
AI Analysis | Feedback
Ted Hanson, Chief Executive Officer
Ted Hanson has served as the Chief Executive Officer of Everforth, Inc. (formerly ASGN Incorporated) since May 2019, holding a tenure of nearly seven years. He recently acquired $1.0 million in Everforth shares on April 24, 2026, at an average price of $19.24, a notable transaction under the new EFOR ticker.
Marie Perry, Executive Vice President & Chief Financial Officer
Marie Perry serves as the Executive Vice President and Chief Financial Officer for Everforth. She recently purchased 5,350 shares of Everforth common stock at $18.695 per share, bringing her direct holdings to 58,328 shares.
Sadasivam Iyer, President
Sadasivam Iyer is the President of Everforth. He recently bought 1,725 shares of the company, valued at $33,277.
Randolph Blazer, Executive Vice Chairman
Randolph Blazer holds the position of Executive Vice Chairman at Everforth.
AI Analysis | Feedback
null
AI Analysis | Feedback
null
AI Analysis | Feedback
The company Everforth (EFOR) was formerly known as ASGN Incorporated and rebranded on April 24, 2026. Therefore, the background information provided for ASGN Incorporated directly applies to Everforth.
Everforth operates through two segments: Commercial and Federal Government.
**Commercial Segment Products and Services:**
* **IT Consulting Services:** The global IT consulting market size is projected to reach $209.99 billion in 2030, growing at a compound annual growth rate (CAGR) of 13.4%. The IT Consulting market in the US was valued at $790.4 billion in 2025 and is projected to reach $821.2 billion in 2026.
* **Digital Transformation Solutions:** The global digital transformation market size was estimated at USD 1,302.95 billion in 2025 and is projected to reach USD 5,493.15 billion by 2033, growing at a CAGR of 19.4% from 2026 to 2033. North America held a 42.7% revenue share of the global digital transformation market in 2025. The U.S. digital transformation market was approximately USD 345 billion in 2024 and is projected to reach USD 1,285 billion by 2030, at a CAGR of approximately 25.4%.
* **Cloud Solutions:** The global cloud services market size was valued at USD 618.04 billion in 2024 and is expected to exceed USD 2,726.94 billion by 2034, growing at a CAGR of 16.00% from 2025 to 2034. North America is expected to have the largest market share in the global cloud services market, with approximately 38.9% in 2024. The U.S. cloud computing market was valued at USD 296.91 billion in 2024 and is expected to reach USD 3,501.32 billion by 2032, growing at a CAGR of 36.25% from 2025–2032.
* **Data & Analytics Solutions:** The global data analytics market size was valued at USD 82.23 billion in 2025 and is projected to reach USD 495.87 billion by 2034, exhibiting a CAGR of 21.50%. North America accounted for the largest market share in 2022. The United States data analytics market size was valued at USD 29.7 billion in 2025 and is estimated to reach USD 232.9 billion by 2034, exhibiting a CAGR of 25.70% from 2026-2034.
* **Creative Digital Marketing:** (This is a component of digital transformation and IT consulting, market sizes for general digital transformation and IT consulting are provided above).
* **Permanent Placement Services (IT Staffing):** The U.S. IT staffing market was valued at USD 37.89 billion in 2023 and is projected to reach USD 52.21 billion by 2029, growing at a CAGR of 5.49%. The global IT staffing market is valued at USD 117.4 billion. Another source indicates the global IT staffing market size was valued at USD 85.78 billion in 2025, expected to reach USD 154.699 billion by 2035, with a CAGR of 6.77%. North America commanded 44.05% of revenue in 2025 for the IT staffing market.
**Federal Government Segment Products and Services:**
* **Cloud Solutions:** (Market sizes for cloud solutions are provided above, a significant portion of which includes government adoption).
* **Cybersecurity Solutions:** The global cybersecurity market size was valued at $208.1 billion in 2023 and will reach $396.8 billion by 2029, with a CAGR of 11.6% during 2024-2029. North America held a 37.9% revenue share of the global cybersecurity market in 2025. The global cybersecurity market size was valued at USD 218.98 billion in 2025 and is projected to grow to USD 699.39 billion by 2034, exhibiting a CAGR of 13.8%. North America dominated the cybersecurity market with a market share of 43.0% in 2025, contributing approximately USD 94.21 billion to the global market.
* **Artificial Intelligence (AI) and Machine Learning (ML) Solutions:** The Global AI in Machine Learning Market size is expected to be worth around USD 185.4 billion by 2033, from USD 9.5 billion in 2023, growing at a CAGR of 34.6% during the forecast period from 2024 to 2033. The global machine learning market size was valued at USD 55.80 billion in 2024 and is anticipated to reach USD 282.13 billion by 2030, growing at a CAGR of 30.4%. North America dominated the market with a 29.0% share in 2024.
* **Application and IT Modernization:** (This falls under broader IT consulting and digital transformation, for which market sizes are provided above).
* **Science and Engineering Solutions:** (This is a broad category, and specific market sizes for "science and engineering solutions" as a standalone addressable market are not readily available in the search results. However, components like AI/ML, cloud, and data analytics would contribute to this).
* **US Federal IT Spending:** Civilian IT outlays are projected to allocate USD 74 billion for modernization in 2025, with USD 12.7 billion ring-fenced for cybersecurity.
Everforth (formerly ASGN Incorporated) operates in various substantial addressable markets for its information technology services and professional solutions. The market sizes for its main products and services are as follows:
- IT Consulting Services: The U.S. IT consulting market was valued at $790.4 billion in 2025 and is projected to reach $821.2 billion in 2026. Globally, the IT consulting market is expected to reach $209.99 billion by 2030.
- Digital Transformation Solutions: The global digital transformation market was estimated at USD 1,302.95 billion in 2025 and is projected to reach USD 5,493.15 billion by 2033, with North America holding a 42.7% share in 2025. The U.S. digital transformation market was approximately USD 345 billion in 2024 and is projected to reach USD 1,285 billion by 2030.
- Cloud Solutions: The global cloud services market size was valued at USD 618.04 billion in 2024 and is expected to exceed USD 2,726.94 billion by 2034. North America is projected to have the largest share of the global cloud services market, with approximately 38.9% in 2024. The U.S. cloud computing market was valued at USD 296.91 billion in 2024 and is expected to reach USD 3,501.32 billion by 2032.
- Data & Analytics Solutions: The global data analytics market was valued at USD 82.23 billion in 2025 and is projected to reach USD 495.87 billion by 2034. The U.S. data analytics market was valued at USD 29.7 billion in 2025 and is estimated to reach USD 232.9 billion by 2034.
- Cybersecurity Solutions: The global cybersecurity market was valued at $208.1 billion in 2023 and is projected to reach $396.8 billion by 2029. North America held a 37.9% revenue share of the global cybersecurity market in 2025, with the North American market contributing approximately USD 94.21 billion to the global market.
- Artificial Intelligence (AI) and Machine Learning (ML) Solutions: The Global AI in Machine Learning Market is expected to be worth around USD 185.4 billion by 2033, from USD 9.5 billion in 2023. The global machine learning market was valued at USD 55.80 billion in 2024 and is anticipated to reach USD 282.13 billion by 2030, with North America dominating with a 29.0% share in 2024.
- IT Staffing Services: The U.S. IT staffing market was valued at USD 37.89 billion in 2023 and is projected to reach USD 52.21 billion by 2029. The global IT staffing market is valued at USD 117.4 billion.
- U.S. Federal Government IT Spending: Civilian IT outlays are projected to allocate USD 74 billion for modernization in 2025, with USD 12.7 billion specifically for cybersecurity.
AI Analysis | Feedback
Everforth (symbol: EFOR), formerly known as ASGN Incorporated, is expected to drive future revenue growth over the next 2-3 years through several strategic initiatives and market trends:
- Expansion of AI and Data Solutions: The company is strategically focused on expanding its offerings in artificial intelligence and data solutions, which are identified as key growth drivers for both its commercial and federal government segments. This focus is anticipated to meet evolving client demands for digital transformation and advanced analytics.
- Growth within Key Commercial Sectors: Everforth's Commercial Segment, which is its primary revenue generator, is seeing growth in specific sectors such as Healthcare, Consumer and Industrial, and Technology, Media, and Telecommunications (TMT). The company aims to leverage its broad range of solutions to increase cross-selling to its Fortune 1000 and mid-market clients.
- Leveraging Federal Government Contracts and Backlog: The Federal Government Segment continues to be a stable and dependable revenue source, providing mission-critical solutions to defense, intelligence, and civilian agencies. This segment benefits from new contract awards and maintains a substantial backlog, providing a predictable revenue stream.
- Strategic Acquisitions and Offshore Capabilities Expansion: Acquisitions play a crucial role in Everforth's growth strategy. The recent acquisition of Quinnox is expected to enhance the company's offshore capabilities, while the acquisition of Topbloc aimed to strengthen its Workday consulting expertise. These strategic integrations are designed to expand service offerings and market reach.
- Rebranding to Everforth and Enhanced Cross-Selling: The rebranding from ASGN Incorporated to Everforth, Inc. is a strategic move designed to unify the company's various brands, unlock its enterprise scale, and facilitate increased cross-selling of its comprehensive solutions across its client base. This rebranding is intended to support sustained revenue growth and margin expansion by presenting a more cohesive and broader offering to clients.
AI Analysis | Feedback
Share Repurchases
- In Q1 2026, Everforth repurchased 0.8 million shares for $39.0 million, with approximately $934 million remaining under its current share buyback plan.
- For the full year 2025, the company repurchased 3.1 million shares for $170.1 million.
- In November 2025, Everforth's Board of Directors authorized a new $1 billion share repurchase program.
Share Issuance
- As part of the Quinnox acquisition in March 2026, Everforth granted restricted stock unit awards to 21 employees, totaling 157,369 shares for 16 employees and 75,772 performance-based restricted stock units for 5 employees.
Outbound Investments
- In January 2026, Everforth acquired Quinnox Inc., a digital solutions provider, for $290 million in cash, completed in March 2026. This acquisition aims to enhance digital engineering and offshore delivery capabilities.
- In February 2025, the company acquired TopBloc for $340 million to strengthen its tech-enabled Workday consultancy services.
- Other acquisitions include GlideFast Consulting for $350 million in June 2022, and Iron Vine Security in October 2022 (undisclosed amount).
Capital Expenditures
- Capital expenditures were $9.4 million in Q1 2026.
- For the full year 2025, capital expenditures amounted to $25 million.
- Capital expenditures for the full year 2024 were $27 million.
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 136.12 |
| Mkt Cap | 12.1 |
| Rev LTM | 12,518 |
| Op Inc LTM | 1,336 |
| FCF LTM | 1,391 |
| FCF 3Y Avg | 1,063 |
| CFO LTM | 1,480 |
| CFO 3Y Avg | 1,160 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 4.5% |
| Rev Chg 3Y Avg | 4.4% |
| Rev Chg Q | 5.3% |
| QoQ Delta Rev Chg LTM | 1.3% |
| Op Inc Chg LTM | 5.3% |
| Op Inc Chg 3Y Avg | 5.5% |
| Op Mgn LTM | 10.9% |
| Op Mgn 3Y Avg | 10.8% |
| QoQ Delta Op Mgn LTM | 0.2% |
| CFO/Rev LTM | 11.3% |
| CFO/Rev 3Y Avg | 10.5% |
| FCF/Rev LTM | 10.3% |
| FCF/Rev 3Y Avg | 9.6% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Commercial | 2,790 | 2,869 | 3,174 | 3,436 | 2,927 |
| Federal Government | 1,190 | 1,231 | 1,276 | 1,145 | 1,082 |
| Total | 3,980 | 4,100 | 4,451 | 4,581 | 4,010 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Commercial | 248 | 286 | 344 | 411 | 356 |
| Federal Government | 93 | 95 | 99 | 89 | 76 |
| Corporate Selling, general and administrative (SG&A) expenses | -111 | -77 | -79 | -91 | |
| Total | 230 | 304 | 364 | 410 | 432 |
| $ Mil | 2019 | 2018 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|
| Commercial | 1,504 | 1,369 | |||
| Federal Government | 935 | 866 | |||
| Oxford | 434 | 421 | 365 | 231 | |
| Corporate Selling, general and administrative (SG&A) expenses | 68 | 32 | |||
| Apex | 657 | 643 | |||
| Life Sciences | 129 | 108 | |||
| Physician | 111 | 85 | 84 | ||
| Life Sciences and Healthcare | 140 | ||||
| IT and Engineering | 219 | ||||
| Total | 2,941 | 2,688 | 1,261 | 1,098 | 411 |
Price Behavior
Price Behavior
| Market Price | $41.00 | |
| Market Cap ($ Bil) | 1.7 | |
| First Trading Date | 09/23/1992 | |
| Distance from 52W High | 0.0% | |
| 50 Days | 200 Days | |
| DMA Price | $33.86 | |
| DMA Trend | up | |
| Distance from DMA | 21.1% | |
| 3M | 1YR | |
| Volatility | 60.6% | 69.7% |
| Downside Capture | 79.92 | |
| Upside Capture | 419.68 | |
| Correlation (S&P 500) | 41.6% |
EFOR Betas & Captures as of 9/30/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.61 | 1.73 | 1.81 | -0.93 | 0.40 | -0.08 |
| Up Beta | -1.35 | 1.57 | 3.14 | 1.99 | -1.32 | -0.79 |
| Down Beta | 0.99 | 0.67 | 0.50 | 0.55 | 2.03 | -0.72 |
| Up Capture | 234% | 243% | 356% | 85% | 37% | 3% |
| Bmk +ve Days | 6 | 16 | 27 | 66 | 132 | 424 |
| Stock +ve Days | 11 | 23 | 37 | 59 | 59 | 59 |
| Down Capture | 147% | 123% | -48% | -58% | -30% | -17% |
| Bmk -ve Days | 16 | 26 | 37 | 60 | 120 | 328 |
| Stock -ve Days | 10 | 18 | 26 | 49 | 49 | 49 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with EFOR | |
|---|---|---|---|---|
| EFOR | 116.8% | 69.7% | 2.51 | - |
| Sector ETF (XLK) | 27.1% | 26.7% | 0.86 | -2.8% |
| Equity (SPY) | 14.8% | 12.7% | 0.80 | 8.5% |
| Gold (GLD) | -2.2% | 28.4% | -0.09 | 10.0% |
| Commodities (DBC) | 52.1% | 20.7% | 1.91 | -14.9% |
| Real Estate (VNQ) | 4.7% | 13.9% | 0.08 | 12.9% |
| Bitcoin (BTCUSD) | -22.4% | 43.4% | -0.47 | 6.8% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with EFOR | |
|---|---|---|---|---|
| EFOR | 16.7% | 69.7% | 2.51 | - |
| Sector ETF (XLK) | 19.6% | 26.0% | 0.67 | -2.8% |
| Equity (SPY) | 13.0% | 17.1% | 0.57 | 8.5% |
| Gold (GLD) | 17.1% | 18.9% | 0.72 | 10.0% |
| Commodities (DBC) | 9.3% | 19.5% | 0.36 | -14.9% |
| Real Estate (VNQ) | 1.1% | 18.9% | -0.05 | 12.9% |
| Bitcoin (BTCUSD) | 8.0% | 51.7% | 0.33 | 6.8% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with EFOR | |
|---|---|---|---|---|
| EFOR | 8.0% | 69.7% | 2.51 | - |
| Sector ETF (XLK) | 23.9% | 25.1% | 0.86 | -2.8% |
| Equity (SPY) | 15.4% | 17.9% | 0.73 | 8.5% |
| Gold (GLD) | 11.9% | 16.4% | 0.59 | 10.0% |
| Commodities (DBC) | 8.3% | 18.1% | 0.37 | -14.9% |
| Real Estate (VNQ) | 5.2% | 20.7% | 0.21 | 12.9% |
| Bitcoin (BTCUSD) | 63.0% | 66.2% | 1.03 | 6.8% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Earnings Returns History
Updated 8/31/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 7/29/2026 | 17.8% | 35.2% | 35.2% |
| SUMMARY STATS | |||
| # Positive | 1 | 1 | 1 |
| # Negative | 0 | 0 | 0 |
| Median Positive | 17.8% | 35.2% | 35.2% |
| Median Negative | |||
| Max Positive | 17.8% | 35.2% | 35.2% |
| Max Negative | |||
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 7/29/2026 | 17.8% | 35.2% | 35.2% |
| SUMMARY STATS | |||
| # Positive | 1 | 1 | 1 |
| # Negative | 0 | 0 | 0 |
| Median Positive | 17.8% | 35.2% | 35.2% |
| Median Negative | |||
| Max Positive | 17.8% | 35.2% | 35.2% |
| Max Negative | |||
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 07/31/2026 | 10-Q |
| 03/31/2026 | 04/30/2026 | 10-Q |
| 12/31/2025 | 02/25/2026 | 10-K |
| 09/30/2025 | 10/30/2025 | 10-Q |
| 06/30/2025 | 07/30/2025 | 10-Q |
| 03/31/2025 | 05/01/2025 | 10-Q |
| 12/31/2024 | 02/24/2025 | 10-K |
| 09/30/2024 | 10/31/2024 | 10-Q |
| 06/30/2024 | 08/01/2024 | 10-Q |
| 03/31/2024 | 05/02/2024 | 10-Q |
| 12/31/2023 | 02/23/2024 | 10-K |
| 09/30/2023 | 11/02/2023 | 10-Q |
| 06/30/2023 | 08/03/2023 | 10-Q |
| 03/31/2023 | 05/04/2023 | 10-Q |
| 12/31/2022 | 02/27/2023 | 10-K |
| 09/30/2022 | 11/07/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 07/31/2026 | 10-Q |
| 03/31/2026 | 04/30/2026 | 10-Q |
| 12/31/2025 | 02/25/2026 | 10-K |
| 09/30/2025 | 10/30/2025 | 10-Q |
| 06/30/2025 | 07/30/2025 | 10-Q |
| 03/31/2025 | 05/01/2025 | 10-Q |
| 12/31/2024 | 02/24/2025 | 10-K |
| 09/30/2024 | 10/31/2024 | 10-Q |
| 06/30/2024 | 08/01/2024 | 10-Q |
| 03/31/2024 | 05/02/2024 | 10-Q |
| 12/31/2023 | 02/23/2024 | 10-K |
| 09/30/2023 | 11/02/2023 | 10-Q |
| 06/30/2023 | 08/03/2023 | 10-Q |
| 03/31/2023 | 05/04/2023 | 10-Q |
| 12/31/2022 | 02/27/2023 | 10-K |
| 09/30/2022 | 11/07/2022 | 10-Q |
| 06/30/2022 | 08/09/2022 | 10-Q |
| 03/31/2022 | 05/10/2022 | 10-Q |
| 12/31/2021 | 03/01/2022 | 10-K |
| 09/30/2021 | 11/09/2021 | 10-Q |
| 06/30/2021 | 08/09/2021 | 10-Q |
| 03/31/2021 | 05/07/2021 | 10-Q |
| 12/31/2020 | 03/01/2021 | 10-K |
| 09/30/2020 | 11/09/2020 | 10-Q |
| 06/30/2020 | 08/10/2020 | 10-Q |
| 03/31/2020 | 05/11/2020 | 10-Q |
| 12/31/2019 | 03/02/2020 | 10-K |
| 09/30/2019 | 11/08/2019 | 10-Q |
Recent Forward Guidance
Updated 10/4/2026Latest: Q2 2026 Earnings Reported 7/29/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q3 2026 Amortization of intangible assets | Reported | 17.30 Mil | ||||||
| Q3 2026 Earnings per diluted share | Reported | 0.36 | 0.46 | 0.56 | 76.9% | Higher New | Guidance: 0.26 for Q2 2026 | |
| Q3 2026 Revenue | Reported | 994.00 Mil | 1.01 Bil | 1.02 Bil | 2.4% | Higher New | Guidance: 985.00 Mil for Q2 2026 | |
| Q3 2026 Gross margin | Reported | 28.0% | 28.25% | 28.5% | -0.2% | Lower New | Guidance: 28.5% for Q2 2026 | |
| Q3 2026 SG&A expenses | Reported | 220.40 Mil | 221.15 Mil | 221.90 Mil | ||||
| Q3 2026 Adjusted EBITDA | Reported | 95.00 Mil | 100.00 Mil | 105.00 Mil | 11.1% | Higher New | Guidance: 90.00 Mil for Q2 2026 | |
| Q3 2026 Adjusted EBITDA margin | Reported | 9.6% | 9.95% | 10.3% | ||||
| Q3 2026 Effective tax rate | Reported | 29.0% | 0.0% | |||||
| Q3 2026 Net income | Reported | 14.50 Mil | 18.75 Mil | 23.00 Mil | 72.8% | Higher New | Guidance: 10.85 Mil for Q2 2026 | |
| Q3 2026 Adjusted Net Income | Reported | 37.80 Mil | 41.30 Mil | 44.80 Mil | ||||
| Q3 2026 Adjusted Net Income per diluted share | Reported | 0.92 | 1.01 | 1.1 | ||||
Prior: Q1 2026 Earnings Reported 4/22/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q2 2026 Earnings per diluted share | Reported | 0.19 | 0.26 | 0.33 | -60.9% | Lower New | Actual: 0.67 for Q1 2026 | |
| Q2 2026 Revenue | Reported | 970.00 Mil | 985.00 Mil | 1.00 Bil | 1.5% | Higher New | Actual: 970.00 Mil for Q1 2026 | |
| Q2 2026 Gross Profit | Calculated | 274.51 Mil | 280.73 Mil | 287.00 Mil | Rev x Gross Margin | |||
| Q2 2026 Gross margin | Reported | 28.3% | 28.5% | 28.7% | ||||
| Q2 2026 Adjusted EBITDA | Reported | 85.00 Mil | 90.00 Mil | 95.00 Mil | -6.2% | Lower New | Actual: 96.00 Mil for Q1 2026 | |
| Q2 2026 Net Income | Reported | 8.00 Mil | 10.85 Mil | 13.70 Mil | -60.7% | Lower New | Actual: 27.60 Mil for Q1 2026 | |
Q4 2025 Earnings Reported 2/4/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q1 2026 Earnings per diluted share | Reported | 0.62 | 0.67 | 0.71 | -15.8% | Lower New | Actual: 0.79 for Q4 2025 | |
| Q1 2026 Revenue | Reported | 960.00 Mil | 970.00 Mil | 980.00 Mil | 0 | Same New | Actual: 970.00 Mil for Q4 2025 | |
| Q1 2026 Adjusted EBITDA | Reported | 93.50 Mil | 96.00 Mil | 98.50 Mil | -8.1% | Lower New | Actual: 104.50 Mil for Q4 2025 | |
| Q1 2026 Net income | Reported | 25.80 Mil | 27.60 Mil | 29.40 Mil | -18.6% | Lower New | Actual: 33.90 Mil for Q4 2025 | |
| Q1 2026 Adjusted Net Income | Reported | 38.80 Mil | 40.60 Mil | 42.40 Mil | -18.8% | Lower New | Actual: 50.00 Mil for Q4 2025 | |
| Q1 2026 Adjusted Net Income per diluted share | Reported | 0.93 | 0.98 | 1.02 | -15.9% | Lower New | Actual: 1.16 for Q4 2025 | |
Q3 2025 Earnings Reported 10/22/2025
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q4 2025 Amortization of intangible assets | Reported | 16.80 Mil | 1.2% | Higher New | Guidance: 16.60 Mil for Q3 2025 | |||
| Q4 2025 Earnings per diluted share | Reported | 0.75 | 0.79 | 0.83 | -8.1% | Lower New | Guidance: 0.86 for Q3 2025 | |
| Q4 2025 Revenue | Reported | 960.00 Mil | 970.00 Mil | 980.00 Mil | -3.2% | Lower New | Guidance: 1.00 Bil for Q3 2025 | |
| Q4 2025 Gross Profit | Calculated | 276.48 Mil | 281.79 Mil | 287.14 Mil | Rev x Gross Margin | |||
| Q4 2025 Gross margin | Reported | 28.8% | 29.05% | 29.3% | -0.4% | Lower New | Guidance: 29.45% for Q3 2025 | |
| Q4 2025 SG&A expenses | Reported | 198.80 Mil | 201.60 Mil | 204.40 Mil | -3.3% | Lower New | Guidance: 208.50 Mil for Q3 2025 | |
| Q4 2025 Adjusted EBITDA | Reported | 102.00 Mil | 104.50 Mil | 107.00 Mil | -5.9% | Lower New | Guidance: 111.00 Mil for Q3 2025 | |
| Q4 2025 Adjusted EBITDA margin | Reported | 10.6% | 10.75% | 10.9% | -0.3% | Lower New | Guidance: 11.05% for Q3 2025 | |
| Q4 2025 Effective tax rate | Reported | 28.0% | 0.0% | Same New | Guidance: 28.0% for Q3 2025 | |||
| Q4 2025 Net income | Reported | 32.10 Mil | 33.90 Mil | 35.70 Mil | -9.8% | Lower New | Guidance: 37.60 Mil for Q3 2025 | |
| Q4 2025 Adjusted Net Income | Reported | 48.20 Mil | 50.00 Mil | 51.80 Mil | -6.6% | Lower New | Guidance: 53.55 Mil for Q3 2025 | |
| Q4 2025 Adjusted Net Income per diluted share | Reported | 1.12 | 1.16 | 1.2 | -4.9% | Lower New | Guidance: 1.22 for Q3 2025 | |
Insider Activity
Updated 6/15/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Dyer, Joseph Wendell | Direct | Buy | 4292026 | 22.47 | 1,112 | 24,992 | 448,434 | Form | |
| 2 | Cunningham, Rose | Chief Accounting Officer | Direct | Buy | 4282026 | 22.27 | 1,125 | 25,054 | 347,122 | Form |
| 3 | Iyer, Sadasivam | President | Direct | Buy | 4282026 | 22.67 | 1,110 | 25,164 | 1,403,386 | Form |
| 4 | Obermaier, Patricia L | Direct | Buy | 4272026 | 20.61 | 2,500 | 51,512 | 196,737 | Form | |
| 5 | Lindstrom, Carol | Direct | Buy | 4272026 | 20.15 | 247 | 4,977 | 232,883 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Dyer, Joseph Wendell | Direct | Buy | 4292026 | 22.47 | 1,112 | 24,992 | 448,434 | Form | |
| 2 | Cunningham, Rose | Chief Accounting Officer | Direct | Buy | 4282026 | 22.27 | 1,125 | 25,054 | 347,122 | Form |
| 3 | Iyer, Sadasivam | President | Direct | Buy | 4282026 | 22.67 | 1,110 | 25,164 | 1,403,386 | Form |
| 4 | Obermaier, Patricia L | Direct | Buy | 4272026 | 20.61 | 2,500 | 51,512 | 196,737 | Form | |
| 5 | Lindstrom, Carol | Direct | Buy | 4272026 | 20.15 | 247 | 4,977 | 232,883 | Form | |
| 6 | Callaghan, Brian J | by Trust | Buy | 4272026 | 20.27 | 5,121 | 103,800 | 6,667,652 | Form | |
| 7 | Perry, Marie | EVP, Chief Financial Officer | Direct | Buy | 4272026 | 18.70 | 5,350 | 100,018 | 1,090,442 | Form |
| 8 | Hanson, Theodore S | Chief Executive Officer | by Trust | Buy | 4272026 | 19.24 | 51,965 | 999,786 | 7,250,309 | Form |
| 9 | Frantz, Mark A | Direct | Buy | 4272026 | 18.92 | 3,800 | 71,896 | 416,259 | Form | |
| 10 | Holman, Jonathan S | Direct | Buy | 4272026 | 18.87 | 2,000 | 37,739 | 299,896 | Form | |
| 11 | Painter, Jennifer Hankes | SVP, Chief Legal Officer | Direct | Buy | 4272026 | 20.03 | 2,500 | 50,078 | 1,523,578 | Form |
| 12 | Iyer, Sadasivam | President | Direct | Buy | 4272026 | 19.30 | 1,725 | 33,289 | 1,173,212 | Form |
| 13 | Dyer, Joseph Wendell | Direct | Buy | 4272026 | 18.63 | 2,684 | 50,003 | 351,008 | Form | |
| 14 | Hawthorne, Maria R | Direct | Buy | 4272026 | 19.49 | 5,136 | 100,112 | 299,946 | Form | |
| 15 | Matin, Arshad | Direct | Buy | 4272026 | 19.35 | 10,000 | 193,462 | 523,682 | Form |
Investor Activity (13F)
Updated Oct 23, 202613F holdings as of Mar 31, 2026 (Q1 2026)
Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.
| Active Manager |
|---|
Industry Resources
| Information Technology Resources |
| TechCrunch |
| Wired |
| CIO |
| MIT Technology Review |
| Gartner Insights |
| Ars Technica |
| IT Consulting & Other Services Resources |
| IDC |
| Forrester |
| Consultancy.org |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
Prefer one of these to Trefis? Tell us why.
Core Cache Last Updated: 10/22/2026