Medpace Holdings, Inc.

MEDP Healthcare Diagnostics & Research

Medpace Holdings, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.5 billion, up 20.0% from fiscal 2024.

Revenue
+8.50%
EPS
+24.6%
Free cash flow
−16.6%

Quarter to September 2026, against a year earlier

634.63 22.14 −3.37%
Market cap
$17.8B
P/E
34.6×
Fwd P/E
35.8×
Dividend yield
—
F-score
8/9
Altman Z
8.04
Beneish M
−2.92
Dividend safety
n/a

Medpace Holdings, Inc. (MEDP) Free cash flow margin

Alert me on Free cash flow margin

Medpace Holdings, Inc.'s free cash flow margin over the twelve months to 30 September 2026 was 23.5%, down 3.4 percentage points from fiscal 2025 (27.0%). Over the past ten years it has ranged from 18.6% (fiscal 2016) to 27.1% (fiscal 2024); the current reading is higher than 91% of that period. That is above the Diagnostics & Research industry median of 0.00% and above the Healthcare sector median of 0.00%.

Free cash flow margin, annual

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Annual newest first

Period Free cash flow margin Change (points)
FY2025 27.0% (0.18)
FY2024 27.1% 6.09
FY2023 21.0% (3.01)
FY2022 24.1% 3.47
FY2021 20.6% (3.97)
FY2020 24.6% 3.18
FY2019 21.4% 1.42
FY2018 20.0% 0.44
FY2017 19.5% 0.96
FY2016 18.6% (3.56)

Against its own ten years

Low 18.6% High 27.1%
Ten-year median 21.4%
Current reading's percentile 91

Free cash flow margin against peers

Company Free cash flow margin
MEDP Medpace Holdings, Inc. 23.5%
ILMN Illumina, Inc. compare 23.3%
QGEN QIAGEN N.V. compare 21.0%
RVTY Revvity Inc. compare 20.5%
DGX Quest Diagnostics Incorporated compare 11.6%
ICLR ICON PLC compare 10.4%
CRL Charles River Laboratories International, Inc. compare 10.1%
LH Labcorp Holdings Inc. compare 8.87%
GH Guardant Health, Inc. compare −18.2%
Diagnostics & Research industry median 0.00%
Healthcare sector median 0.00%
Market median 0.00%

What Free cash flow margin is

Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.

(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue

The full definition of Free cash flow margin →

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