ASGN Expects Q4 Adjusted EBITDA of $102M to $107M
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 20 2026
0mins
Backs Q4 adjusted EBITDA view $102M-$107M. The company said, "Anticipating solid results for the fourth quarter of 2025, ASGN reconfirmed today that it expects revenues will be at the high end of the previously announced guidance range of $960 million to $980 million. Adjusted EBITDA for the fourth quarter of 2025 is also expected to be at the high end of the previously announced range of $102 million to $107 million. ASGN continues to maintain a balanced capital allocation strategy that includes investments in organic growth, M&A, and share repurchases. During the fourth quarter, ASGN repurchased 1.4 million shares for $64.2 million at an average share price of $46.05. ASGN has $972 million remaining under its recently announced $1 billion share buyback program, the largest in its history. ASGN's strong Free Cash Flow generation provides the ability to accelerate organic growth through strategic acquisitions. Acquisitions and share repurchase are not mutually exclusive. Free Cash Flow conversion during the fourth quarter of 2025 exceeded ASGN's target range of 60 to 65 percent of Adjusted EBITDA, reflecting strong operational execution and disciplined working capital management. As noted during the November 2025 Investor Day, ASGN anticipates Free Cash Flow to be roughly $1 billion over the next three years."
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Analyst Views on ASGN
Wall Street analysts forecast ASGN stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for ASGN is 48.25 USD with a low forecast of 41.00 USD and a high forecast of 57.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
5 Analyst Rating
3 Buy
1 Hold
1 Sell
Moderate Buy
Current: 49.310
Low
41.00
Averages
48.25
High
57.00
Current: 49.310
Low
41.00
Averages
48.25
High
57.00
About ASGN
ASGN Incorporated is a provider of information technology (IT) services and solutions to the commercial and government sectors. The Company operates through two segments: Commercial and Federal Government. The Commercial segment provides a spectrum of IT services and solutions to Fortune 1000 and large mid-market clients. Growth in this segment is being driven by digital transformation and innovation requirements, including that of AI, workforce mobilization, and modern enterprise needs across five industry verticals: Financial Services, Consumer and Industrial, Technology, Media, and Telecom, Healthcare, and Business and Government Services. The Federal Government segment delivers advanced solutions in cloud and enterprise IT, cybersecurity, AI/ML, application, and digital transformation to agencies in both the public and private sectors. The segment provides services under time-and-materials, cost-reimbursable, and firm-fixed-price contracts.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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