ASGN Inc

ASGN Inc. is a U.S.-based IT services company that serves both commercial enterprises and federal government agencies through two operating segments: Commercial and Federal Government. The company built its business on IT staffing and project-based assignments, then expanded into higher-value consulting and digital engineering services across cloud, data and AI, software development, cybersecurity, customer experience, and enterprise platforms. In November 2025, ASGN announced plans to rebrand as Everforth, reflecting a broader identity that unifies its six brands: Apex Systems, Creative Circle, CyberCoders, ECS, GlideFast, and TopBloc. Its model combines a large technical talent pool with consulting delivery teams, allowing it to staff short-term needs and deliver longer-duration transformation work for large clients. The business is heavily U.S.-centric, with virtually all revenue generated in the United States and meaningful exposure to U.S. federal spending priorities.

2.8k

2.16

2.16

— ASGN Inc
%
Commercial IT Consulting32% Consulting, digital engineering, and project delivery services for enterprise clients across cloud, data and AI, software, cybersecurity, and platforms.
IT Staffing and Assignment Services38% Temporary billable professionals and project-based assignments rooted in the company’s staffing heritage.
Federal Government IT Solutions30% Advanced IT solutions and consulting for U.S. federal agencies, especially in cybersecurity, cloud, AI/ML, and enterprise transformation.

ASGN sells primarily to large commercial enterprises and U.S. federal government agencies...

  • Commercial enterprise clientsprimary

    Large corporate customers buy consulting, staffing, and digital engineering services to support cloud, data, software, cybersecurity, and platform initiatives.

  • U.S. federal government agenciesprimary

    Federal agencies buy advanced IT solutions and consulting for mission systems, cybersecurity, cloud, and enterprise modernization.

  • Project-based staffing clientssecondary

    Customers use ASGN’s talent pool for temporary assignments and billable professionals when they need specialized skills quickly.

  • Industry-specific enterprise accountssecondary

    Clients in financial services, healthcare, TMT, consumer and industrial, and business services buy tailored solutions for their operating environments.

ASGN is overwhelmingly U.S.-focused: management states that virtually all revenue is generated in the United States...

  • Virtually all revenue is generated in the United States
  • Principal office is in Glen Allen, Virginia
  • Corporate support activities are based in Fairfax and Richmond, Virginia
  • Offices across the United States, Canada, and Europe support delivery and sales
  • Near-shore delivery centers in Mexico improve cost and staffing flexibility
  • A growing delivery center in India expands access to technical talent

ASGN’s strategy is to keep moving up the value chain from staffing into higher-margin consulting and digital...

01
Grow higher-value consulting revenuemedium-term

Consulting contracts generally offer better margins and more revenue visibility than temporary assignment work.

02
Deepen solution capabilities through acquisitions and partnershipsmedium-term

Capability breadth and partner ecosystems help win larger transformation programs and improve competitive positioning.

03
Maintain flexibility across staffing and consulting demandshort-term

A shared talent base lets the company respond to cyclical demand shifts while serving both short-term and long-term client needs.

ASGN faces cyclical demand risk because a large part of its commercial assignment business depends on clients’ hiring...

critical

Cybersecurity and data breach exposure

The company stores sensitive client and employee information and relies on third-party software, remote work, and interconnected systems that can be attacked.

Scope
Enterprise IT systems and acquired businesses
Materiality
high
high

Cyclical demand in commercial staffing and assignment work

A meaningful share of revenue comes from temporary assignments and project work that is sensitive to macroeconomic conditions and client hiring budgets.

Scope
Commercial segment assignment services
Materiality
high
high

U.S. federal budget and procurement dependence

Federal revenues depend on continued government spending on cybersecurity, cloud, AI, and enterprise IT programs.

Scope
Federal Government segment
Materiality
high
high

Acquisition integration risk

Recent and future acquisitions may bring operational complexity, integration costs, and inherited security or control weaknesses.

Scope
M&A and post-merger integration
Materiality
medium
high

Client concentration in U.S. federal government

Federal government contracts represented a large share of revenue and are subject to budget and contract renewal risk.

Scope
Government segment concentration
Materiality
high
Goodwill and acquired intangible asset impairment
Potential non-cash charges if reporting unit fair values decline
Revenue recognition for consulting and staffing contracts
Quarterly revenue and gross margin comparability
Workers’ compensation reserves
Operating expense and liability estimates
Deferred compensation plan wind-down
Other current assets, liabilities, and cash flow presentation

: 11/08/2026