Medpace Holdings, Inc. MEDP
- Market cap
- $17.3B
- P/E
- 35.6×
Follow MEDP
Target Price Range
Analyst price targets
Free account| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 26.51 | 21.76 | 31.75 | 48.18 | 58.72 | 130.74 | 126.95 | 167.00 | 277.72 | 250.05 |
Analyst estimates 2026–2028 Powerpack |
Low Price
|
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| 38.94 | 39.64 | 65.09 | 86.71 | 150.57 | 231.00 | 235.72 | 317.57 | 459.77 | 626.26 |
High Price
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| 2,500 | 2,500 | 2,900 | 3,500 | 3,600 | 4,500 | 5,200 | 5,900 | 5,900 | 6,200 |
Employees
|
|||
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Revenue/Emp
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| 422 | 436 | 705 | 861 | 926 | 1,142 | 1,460 | 1,886 | 2,109 | 2,530 |
Revenue
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| 52.91% | 51.45% | 64.19% | 62.72% | 61.72% | 61.39% | 63.36% | 66.16% | 67.66% | 71.06% |
Gross Margin
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| 22 | 57 | 94 | 125 | 169 | 202 | 283 | 336 | 476 | 542 |
EBT
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| 5.21% | 13.06% | 13.33% | 14.50% | 18.20% | 17.67% | 19.37% | 17.80% | 22.57% | 21.44% |
EBT Margin
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| 13 | 39 | 73 | 100 | 145 | 182 | 245 | 283 | 404 | 451 |
Net Income
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| 61 | 38 | 32 | 23 | 19 | 21 | 22 | 26 | 29 | 28 |
Depreciation
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| 11.81 | 11.17 | 19.82 | 24.00 | 25.98 | 31.85 | 45.08 | 61.38 | 68.13 | 87.72 |
Revenue/Sh
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| 0.38 | 1.00 | 2.05 | 2.79 | 4.07 | 5.06 | 7.57 | 9.20 | 13.06 | 15.64 |
Earnings/Sh
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| 2.57 | 2.49 | 4.41 | 5.63 | 7.26 | 7.34 | 11.98 | 14.11 | 19.67 | 24.73 |
Cash Flow/Sh
|
|||
| (0.38) | (0.31) | (0.45) | (0.50) | (0.88) | (0.79) | (1.14) | (1.19) | (1.18) | (1.09) |
Capex/Sh
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| 2.19 | 2.18 | 3.95 | 5.13 | 6.38 | 6.55 | 10.84 | 12.91 | 18.49 | 23.64 |
Free CF/Sh
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| 17.11 | 12.89 | 16.59 | 20.24 | 22.61 | 26.57 | 11.93 | 18.19 | 26.67 | 15.91 |
Book Value/Sh
|
|||
| 36 | 39 | 36 | 36 | 36 | 36 | 32 | 31 | 31 | 29 |
Shares
|
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| 90.29 | 37.14 | 25.20 | 30.13 | 34.20 | 43.01 | 27.37 | 33.22 | 25.44 | 35.87 |
PE Ratio
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| 3.04 | 3.33 | 2.67 | 3.50 | 5.36 | 6.83 | 4.62 | 4.98 | 4.88 | 6.40 |
PS Ratio
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| 2.10 | 2.88 | 3.19 | 4.15 | 6.16 | 8.19 | 17.46 | 16.80 | 12.46 | 35.29 |
PB Ratio
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| 3.41 | 3.83 | 2.81 | 3.42 | 5.20 | 6.56 | 4.73 | 4.93 | 4.64 | 6.27 |
EV/Sales
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| 18.37 | 19.52 | 14.08 | 15.98 | 21.17 | 31.87 | 19.67 | 23.46 | 17.09 | 23.27 |
EV/FCF
|
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| 92 | 97 | 157 | 202 | 259 | 263 | 388 | 433 | 609 | 713 |
Op' Cash Flow
|
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| (14) | (12) | (16) | (18) | (31) | (28) | (37) | (37) | (37) | (31) |
Capex
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| 78 | 85 | 141 | 184 | 227 | 235 | 351 | 397 | 572 | 682 |
FCF
|
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| (35) | (63) | (79) | (26) | 34 | 134 | (470) | (331) | (75) | (354) |
Working Cap'
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| 192 | 248 | 106 | 56 | 131 | 147 | 189 | — | — | — |
Total Debt
|
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| 155 | 222 | 83 | (76) | (147) | (314) | 161 | (245) | (669) | (497) |
Net Debt
|
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| 611 | 504 | 590 | 726 | 806 | 953 | 386 | 559 | 826 | 459 |
Sh' Equity
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| 1.37% | 4.05% | 7.60% | 9.49% | 11.44% | 11.92% | 16.29% | 18.80% | 21.52% | 22.13% |
ROA
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| 4.29% | 5.59% | 9.39% | 12.23% | 15.84% | 19.44% | 31.84% | 67.15% | 178.91% | 0.00% |
ROIC
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| 2.62% | 7.02% | 13.34% | 15.22% | 18.92% | 20.68% | 36.64% | 59.83% | 58.42% | 70.23% |
ROE
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Medpace Holdings, Inc. peers in Diagnostics & Research
| Company | Market cap | P/E | Compare |
|---|---|---|---|
| RVTY Revvity Inc. | $16.8B | 72.0× | Compare |
| CRL Charles River Laboratories International, Inc. | $14.1B | 0.0× | Compare |
| LH Labcorp Holdings Inc. | $21.9B | 25.4× | Compare |
| ICLR ICON PLC | $13.4B | 257× | Compare |
| Company | Market cap | P/E | Compare |
|---|---|---|---|
| GH Guardant Health, Inc. | $23.9B | 0.0× | Compare |
| TWST Twist Bioscience Corporation | $12.4B | 0.0× | Compare |
| DGX Quest Diagnostics Incorporated | $26.2B | 24.8× | Compare |
| MTD Mettler-Toledo International, Inc. | $30.4B | 33.9× | Compare |
Medpace Holdings, Inc. (MEDP) key facts
- Medpace Holdings, Inc. (MEDP) is a Diagnostics & Research company in the Healthcare sector, listed on Nasdaq.
- Medpace Holdings, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.5 billion, up 20.0% from fiscal 2024.
- Net income was $451.1 million, or $15.64 per share (basic), a net margin of 17.8%.
- As of September 25, 2026, MEDP traded at $618.88, a market capitalization of $17.3 billion.
- At that price the stock trades at 35.6× trailing-twelve-month earnings and 6.3× sales.
- Return on equity was 70.2% and debt-to-equity 0.00.
Medpace Holdings, Inc. (MEDP) Latest News
22 Sep
Analysts expect Medpace's next quarterly EPS to rise 15.28% YoY and revenue to grow 7.4%, signaling improving profitability from demand in outsourced clinical research. The near-term momentum hinges on converting backlog into revenue and tight cost control. Medpace raised full-year guidance in Q2 2026 to revenue of $2.805–$2.885 billion and EPS of $17.25–$17.95, underscoring execution on existing contracts. A key risk is revenue concentration among its largest clients, which could amplify sensitivity to client budgets. Looking further, analysts outline a path to about $3.4 billion in revenue and $628.9 million in earnings by 2029, though views vary and downside risk exists. Backlog durability and client concentration remain central to the earnings narrative and margin outlook. Near-term earnings momentum is positive due to raised guidance, but client concentration risk keeps upside potential guarded.
21 Sep
Medpace Holdings (MEDP) is in focus ahead of its upcoming earnings, with expectations for higher EPS and revenue. The stock has risen recently: 1-day gain of 1.94%, 7-day 4.84%, and 90-day 31.83%, trading near $624.20 amid a multi-year rally. The company is portrayed as a high-quality CRO with a differentiated small-biotech focus, strong therapeutic expertise, a global full-service platform, operating margins above 20%, low capital needs, substantial cash and no funded debt. Yet valuation concerns persist: a widely cited fair value of $536 implies the current price is about 16.5% overvalued, with a P/E around 35.4x versus peers. Risks include potential backlog pressure if smaller biopharma funding tightens and concerns around founder control governance. The piece also invites readers to compare MEDP with a list of solid balance-sheet stocks for fresh ideas. Trading above a stated fair value implies a moderate sentiment impact without an implied fundamental pivot.
Medpace (MEDP) closed at $624.20, up 1.94% in the session, outpacing the S&P 500’s 1.49% gain; Dow +0.71%, Nasdaq +2.26%. Over the past month, the stock fell 1.36% while the Medical sector declined 1.14% and the S&P 500 rose 0.1%. Investors await the upcoming earnings release, with consensus calling for EPS of $4.45 for the upcoming quarter, up 15.28% year over year, and quarterly revenue of $708.75 million, up 7.4%. For the full year, Zacks Consensus sees EPS of $17.54 on revenue of $2.84 billion, representing roughly 14.8% earnings growth and 12.4% revenue growth. MEDP holds a Zacks Rank of #3 (Hold). Valuation remains rich: forward P/E of 34.91 vs. industry 17.31 and a PEG of 2.73 vs. 1.48 for Medical Services; industry rank mid-pack. Near-term growth expectations and premium valuation point to a moderate but not transformative impact on MEDP.
27 Aug
Medpace Holdings reported Q2 earnings, prompting buy, sell or hold analysis for MEDP shares based on results and outlook. Q2 earnings and investment stance directly affect near-term stock movement and sentiment.
17 Aug
Medpace Holdings beat revenue expectations and raised guidance, prompting questions on whether this alters the company's narrative. Revenue beat and guidance hike signal stronger financial outlook likely to shift investor sentiment and company trajectory.
Medpace Holdings beat Q2 estimates and raised guidance but is assessed as fully valued at current prices with limited further upside. Q2 beat and guidance raise show solid results yet full valuation caps material further gains.
14 Aug
Medpace Holdings beat Q1 earnings and revenue estimates, driving stock gains and prompting an upward revision to its fiscal 2027 outlook. Q1 earnings and revenue beat plus raised fiscal 2027 guidance point to improved near-term financial results and positive market reaction.
13 Aug
Medpace Holdings Q4 earnings met estimates with revenues surpassing targets, prompting a stock price rise. Q4 results meeting estimates with revenue outperformance influence near-term stock movement and sentiment without altering long-term strategy.
Medpace Holdings stock carries 37% upside potential based on current valuation analysis in the healthcare services sector. Stock upside projection can lift near-term investor sentiment and trading activity without altering core operations.
7 Aug
Medpace Holdings beat Q1 earnings and revenue estimates, lifting its stock price while raising its fiscal 2027 outlook. Q1 beat plus raised 2027 guidance points to stronger financial trajectory and investor sentiment.
5 Aug
Medpace Holdings beats Q2 earnings and revenue estimates, raises 2026 outlook, and sees pre-market stock gains. Q2 beat combined with raised 2026 guidance signals strong operational momentum and improved growth trajectory.
Medpace Holdings achieved record Q2 bookings that may support stronger growth through 2027. Record Q2 bookings signal potential revenue gains but fall short of altering core operations or market position.
25 Jul
Medpace Holdings raised its 2026 guidance and expanded backlog, driving an 11.8% stock increase. Raising 2026 guidance and expanding backlog signals stronger future revenue and competitive positioning for Medpace.
23 Jul
Medpace Holdings Inc posted strong revenue growth and record results in its Q2 2026 earnings call. Strong Q2 2026 revenue growth and records signal major positive shifts in financial trajectory and investor sentiment.
Medpace Holdings stock rises sharply today on positive company developments. Stock surge reflects short-term sentiment lift without evidence of fundamental long-term shifts.
Medpace Holdings reported Q2 revenue growth, updated financial guidance and operational metrics during its earnings call. Quarterly earnings data and guidance revisions typically produce moderate effects on near-term stock movement and sentiment.
Medpace Holdings, Inc. held its Q2 2026 earnings call, covering financial results, operational updates, and forward guidance. Earnings call details financial results and guidance that moderately shape near-term investor sentiment and valuation.
22 Jul
Medpace notched a big bookings beat and reversed its first-quarter malaise. Bookings beat and reversal of prior-quarter weakness signal stronger operational momentum likely to lift future results and investor views.
Medpace exceeded Q2 CY2026 expectations resulting in an 18.6% stock price increase. Earnings beat drives 18.6% stock surge indicating significant positive shift in performance outlook.
Medpace Holdings reported its second quarter 2026 financial results. Quarterly results supply updated revenue and earnings data that can shift near-term valuation and trading activity.
21 Jul
Medpace Holdings (MEDP) is scheduled to report Q2 earnings with focus on revenue growth, backlog expansion and operating margins in its clinical research services. Upcoming quarterly earnings can moderately move share price and near-term sentiment but represent routine updates rather than structural change.
11 Jul
Medpace Holdings (MEDP) stock rallies even as cautious sentiment questions its valuation. Valuation concerns can moderately pressure investor sentiment and near-term share performance.
7 Jul
Medpace Holdings growth trends indicate shifting CRO demand patterns projected into 2026. Shifting CRO demand trends moderately affect Medpace future revenue and positioning without transforming core operations.
6 Jul
Medpace stock outlook hinges on backlog quality and cancellation trends. Backlog metrics can sway short-term investor views on revenue stability without reshaping company trajectory.
18 Jun
Medpace Holdings exhibits strong revenue growth, expanding clinical research services demand and solid market positioning that enhance its appeal for investors focused on healthcare outsourcing opportunities. Investment analysis highlights growth factors likely to influence near-term sentiment without altering core operations or long-term trajectory.
5 Jun
Medpace faces multiple lawsuits alongside an EVP operating leadership change, prompting analysis of potential investor reactions and effects on stock performance. Lawsuits combined with an operating leadership shift can moderately influence Medpace investor sentiment and near-term stability.
17 May
Medpace Holdings shows two supportive factors for growth and investor attention alongside one risk area that could limit upside or add volatility to its stock performance. Balanced mix of supportive and cautionary points points to moderate influence on near-term sentiment and operations without signaling major trajectory changes.
15 May
Medpace Holdings faces class action lawsuits spotlighting inadequate backlog disclosures and corporate governance issues. Class actions over backlog disclosures and governance expose Medpace to legal risks, potential settlements, and damaged investor confidence that could significantly alter its market trajectory.
14 May
Drug development inputs and services stocks' Q1 earnings analyzed, spotlighting Medpace Holdings (NASDAQ:MEDP) performance. Q1 earnings reflection influences financial performance and market sentiment moderately.
3 May
Medpace Holdings (MEDP) is a strong buy recommendation due to 12% year-over-year revenue growth, $2.7 billion backlog, 25% net new business awards, undervaluation at 14x forward earnings versus peers, and favorable CRO industry tailwinds from rising R&D spending. Strong operational metrics and undervaluation suggest moderately noticeable positive influence on financial performance and investor sentiment.