ASGN Latest Report

Performance of the Current Report

As of December 31, 2024, ASGN's total operating revenue was $985 million, a decrease of approximately 8.29% from $1.074 billion as of December 31, 2023. This change indicates a decline in the company's revenue performance over the past year, which may affect its overall profitability.

Key Data in the Report

1. Decline in Operating Revenue: ASGN's operating revenue decreased from $1.074 billion to $985 million, a decrease of 8.29%.

2. Changes in Market Demand: Despite the strong growth potential in IT consulting and professional human resources services, the overall revenue was affected in 2024, showing market pressure in the short term.

3. Overall Industry Trends: According to industry data, the overall revenue growth of the human resources and technology services industry was slow in 2024, with some companies even experiencing revenue declines.

4. Contract Order Backlog: ASGN's contract order backlog reached $3.1 billion as of 2024, indicating the predictability of future revenue.

Peer Comparison

1. Industry-wide Analysis: The overall revenue growth of the human resources and technology services industry was slow in 2024, with some companies experiencing revenue declines, mainly affected by economic slowdown, reduced corporate spending, and intensified industry competition. ASGN's operating revenue decline is consistent with the overall industry trend, reflecting the challenges faced by the industry.

2. Peer Evaluation Analysis: Compared with other companies in the industry, ASGN's operating revenue decline is relatively significant, possibly reflecting its disadvantage in market competition. Other companies may have maintained relatively stable revenue levels through innovation and customer relationship management, indicating ASGN's shortcomings in customer retention and market expansion.

Summary

ASGN's operating revenue significantly decreased in 2024, mainly affected by changes in market demand, customer loss, and macroeconomic factors. Although the company showed growth potential in IT consulting and professional human resources services, the overall industry performance was poor, and ASGN faced significant market pressure.

Opportunities

1. Expand High-end IT Consulting Market: ASGN can leverage its expertise in IT consulting to further expand the high-end market and attract more large enterprise clients.

2. Strengthen Customer Relationship Management: Improve customer service quality, enhance customer retention rate, and reduce the risk of customer loss.

3. Utilize Contract Order Backlog: The $3.1 billion contract order backlog provides the company with revenue assurance for the future, which can be optimized through resource allocation to enhance operational efficiency.

Risks

1. Intensified Competition: Intensified industry competition may lead to customer loss and revenue decline, affecting the company's profitability.

2. Macroeconomic Uncertainty: Macroeconomic factors such as high inflation and rising interest rates may continue to affect customer spending decisions, affecting the company's revenue.

3. Industry-wide Slump: The overall poor performance of the human resources and technology services industry may exert continuous pressure on ASGN's revenue.