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Medpace Holdings, Inc. MEDP Direct Costs — Labor and Related Expense

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Other financials

Income statement

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Revenue$706.6M+26.5%
Operating income$141.5M+24.6%
Net income$123.9M+8.1%
EPS (diluted)$4.28+16.6%

Balance sheet

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Cash & equivalents$652.7M+47.9%
Total debt$146.1M-2.8%
Total equity$598.3M+0.8%
Total assets$2.1B+12.2%

Cash flow

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Operating cash flow$151.8M+20.6%
CapEx$6.8M-31.8%
Free cash flow$145.0M+25.1%

Valuation

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Market cap$13.14B+46.8%
Enterprise value$12.64B+45.9%
P/E28.6×+7.0×
P/S4.9×+0.8×

Profitability

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Operating margin21%-0.1pp
Net margin17.2%-2.1pp
FCF margin26.5%+1.5pp

Returns & leverage

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Return on equity77.3%+11.4pp
Debt / equity0.2×0.0×
Current ratio0.8×+0.1×

Where this comes from

Reported directly by Medpace Holdings, Inc. in its filing.

Tagged under the XBRL concept us-gaap:LaborAndRelatedExpense.

The official record: Medpace Holdings, Inc.’s 10-Q, filed April 23, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Medpace Holdings, Inc.'s direct costs — labor and related expense?
Medpace Holdings, Inc. (MEDP) reported direct costs — labor and related expense of $164.6M in Q1 2026.
How has Medpace Holdings, Inc.'s direct costs — labor and related expense changed year-over-year?
Medpace Holdings, Inc.'s direct costs — labor and related expense increased by 14.4% year-over-year, from $143.93M to $164.6M.
What is the long-term trend for Medpace Holdings, Inc.'s direct costs — labor and related expense?
Over 3 years (2022 to 2025), Medpace Holdings, Inc.'s direct costs — labor and related expense has grown at a 12.8% compound annual growth rate (CAGR), from $410.51M to $588.79M.
What does direct costs — labor and related expense mean?
The total cost of salaries, benefits, and payroll for staff directly working on client projects.
How do you interpret direct costs — labor and related expense?
Rising labor costs as a percentage of revenue may signal wage inflation or challenges in project staffing efficiency, while stability indicates effective resource utilization.
How does direct costs — labor and related expense compare across companies?
Similar to direct labor costs or billable personnel expenses reported by professional services and CRO firms.