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Medpace Holdings, Inc. MEDP Business Segments — Total direct costs

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Other financials

Income statement

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Revenue$707.3M+17.2%
Operating income$146.8M+16.2%
Net income$121.4M+34.5%
EPS (diluted)$4.25+37.1%

Balance sheet

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Cash & equivalents$502.7M+985%
Total debt$144.1M-3.8%
Total equity$433.9M+152%
Total assets$2.1B+30.9%

Cash flow

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Operating cash flow$162.0M+9.1%
CapEx$23.9M+291%
Free cash flow$138.1M-3.0%

Valuation

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Market cap$16.41B+35.7%
Enterprise value$16.05B+31.6%
P/E33.4×+4.5×
P/S5.9×+0.5×

Profitability

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Operating margin21%-0.4pp
Net margin17.7%-1.1pp
FCF margin25.4%-0.6pp

Returns & leverage

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Return on equity162.2%+72.8pp
Debt / equity0.3×-0.5×
Current ratio0.7×+0.3×

Where this comes from

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

Tagged under the XBRL concept us-gaap:DirectOperatingCosts.

The source filing: Medpace Holdings, Inc.’s 10-Q, filed July 23, 2026.

Filed
Jul 23, 2026, 4:03 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001668397-26-000025
Line itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Direct service costs, excluding depreciation and amortization - Employee compensation163,089147,942327,692291,869
Direct service costs, excluding depreciation and amortization - Other segment items (a)39,46637,88473,13771,773
Reimbursed out-of-pocket expenses303,139237,472615,143439,876
Total direct costs505,694423,2981,015,972803,518
Selling, general and administrative48,10346,66496,020104,561
Depreciation6,5556,77713,30613,471
Amortization155237310473
Total operating expenses560,507476,9761,125,608922,023

Item 1. Financial Statements (unaudited)

FAQ

What is Medpace Holdings, Inc.'s business segments — total direct costs?
Medpace Holdings, Inc. (MEDP) reported business segments — total direct costs of $505.69M in Q2 2026.
How has Medpace Holdings, Inc.'s business segments — total direct costs changed year-over-year?
Medpace Holdings, Inc.'s business segments — total direct costs increased by 19.5% year-over-year, from $423.3M to $505.69M.
What is the long-term trend for Medpace Holdings, Inc.'s business segments — total direct costs?
Over 3 years (2022 to 2025), Medpace Holdings, Inc.'s business segments — total direct costs has grown at a 19.9% compound annual growth rate (CAGR), from $1.03B to $1.77B.
What does business segments — total direct costs mean?
Includes all costs directly attributable to the delivery of services within the reportable segment, such as clinical research personnel salaries, site monitoring expenses, and laboratory supplies. These costs fluctuate directly with the volume of clinical trials and projects currently in progress.

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