XML 78 R15.htm IDEA: XBRL DOCUMENT v3.25.1
Segment Reporting
 3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
Segment Reporting Segment Reporting
ASGN provides information technology ("IT") services and professional solutions across the commercial and government sectors. ASGN operates through two segments, Commercial and Federal Government. The Commercial Segment, which is the largest segment, provides consulting, creative digital marketing, and permanent placement services primarily to Fortune 1000 and large mid-market companies. The Federal Government Segment provides advanced IT solutions to the Department of Defense, the intelligence community, and key federal civilian agencies, namely the Department of Homeland Security. Virtually all of the Company's revenues are generated in the United States.

The Company's chief executive officer ("CEO") is the chief operating decision maker and he reviews segment revenues, gross profit and operating income for each segment. He also considers forecast-to-actual variances on a monthly basis for these profit measures when making decisions about allocating resources to the segments and uses these segment profit measures in the annual budget process. Segment information is as follows (in millions):
Three Months Ended March 31, 2025
CommercialFederal GovernmentTotal
Revenues
Consulting$290.1 $296.1 $586.2 
Assignment382.1 — 382.1 
672.2 296.1 968.3 
Costs of services454.5 238.4 692.9 
Gross profit217.7 57.7 275.4 
Segment depreciation and other amortization9.0 1.5 10.5 
Other segment expenses146.0 29.7 175.7 
Segment SG&A expenses155.0 31.2 186.2 
Amortization of intangible assets7.8 6.5 14.3 
Segment operating income54.9 20.0 74.9 
Corporate SG&A expenses28.3 
Operating income46.6 
Interest expense, net15.4 
Income before taxes$31.2 
Three Months Ended March 31, 2024
CommercialFederal GovernmentTotal
Revenues
Consulting$277.0 $317.5 $594.5 
Assignment454.5 — 454.5 
731.5 317.5 1,049.0 
Costs of services497.7 255.1 752.8 
Gross profit233.8 62.4 296.2 
Segment depreciation and other amortization7.2 1.3 8.5 
Other segment expenses150.1 30.7 180.8 
Segment SG&A expenses157.3 32.0 189.3 
Amortization of intangible assets7.7 7.4 15.1 
Segment operating income68.8 23.0 91.8 
Corporate SG&A expenses20.9 
Operating income70.9 
Interest expense, net17.6 
Income before taxes$53.3 
    
__________
Costs of services include an immaterial amount of depreciation expense.
Other segment expenses include compensation-related expenses, rent, marketing, and other general and administrative expenses.
Corporate SG&A expenses include compensation-related expenses, stock-based compensation, depreciation, acquisition, integration and strategic planning expenses, and public company expenses.

Substantially all of the revenues from the Commercial Segment are generated from time and materials ("T&M") contracts. Federal Government Segment revenues by contract type are as follows (in millions):

Three Months Ended
March 31,
20252024
Firm-fixed-price$90.0 $89.2 
T&M126.1 131.2 
Cost reimbursable80.0 97.1 
$296.1 317.5 

Federal Government Segment revenues by customer type are as follows (in millions):
Three Months Ended
March 31,
20252024
Department of Defense and Intelligence Agencies$128.9 $150.1 
Federal Civilian112.5 120.6 
Department of Homeland Security45.6 37.2 
Other9.1 9.6 
$296.1 $317.5 
__________
In prior periods, revenues from the Department of Homeland Security were included within Federal Civilian revenues.