Medpace Holdings, Inc. provides clinical research-based drug and medical device development services in North America, Europe, and Asia. It offers a suite of services supporting the clinical development process from Phase I to Phase IV in various therapeutic areas. The company also provides clinical development services to the pharmaceutical, biotechnology, and medical device industries; and development plan design, coordinated central laboratory, project management, regulatory affairs, clinical monitoring, data management and analysis, pharmacovigilance new drug application submissions, and post-marketing clinical support services. In addition, it offers bio-analytical laboratory services, clinical human pharmacology, imaging services, and electrocardiography reading support for clinical trials. The company was founded in 1992 and is based in Cincinnati, Ohio.

Medpace Holdings, Inc.

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Income Statement	LTM	Dec '24	Dec '23	Dec '22	Dec '21	Dec '20	Dec '19	Dec '18	Dec '17	Dec '16	Dec '15
Total Revenues	2,358.4	2,109.1	1,885.8	1,460	1,142.4	925.9	861	704.6	—	—	—
Total Revenues %Chg	13.9%	11.8%	29.2%	27.8%	23.4%	7.5%	22.2%	—	—	—	—
Revenue, Net
Cost of Sales	1,624.8	1,452.7	1,361.3	1,027.6	814.2	647.2	615.3	489.1	261.5	249.5	202.7
Direct Service Costs, Excluding Depreciation and Amortization
Reimbursed Out-of-Pocket Expenses
Gross Profit	733.6	656.3	524.5	432.4	328.2	278.7	245.7	215.5	-261.5	-249.5	-202.7
Gross Profit Margin	31.1%	31.1%	27.8%	29.6%	28.7%	30.1%	28.5%	30.6%	—	—	—
Selling, General & Administrative Expenses	198.1	180.2	161.4	131.4	108.4	92.2	95.2	75.7	63.4	61.5	57
Selling, General and Administrative
Depreciation & Amortization Expenses	28.5	29.3	26.3	22.3	21.1	19.5	23.2	38.8	46.5	58.1	69.5
Depreciation
Amortization
Other Operating Expenses	—	—	—	—	—	—	—	—	—	—	9.3
Impairment of Goodwill
Operating Profit	507	446.9	336.8	278.7	198.6	167	127.3	101	64.9	52.5	20.6
Income from Operations
Operating Margin	21.5%	21.2%	17.9%	19.1%	17.4%	18%	14.8%	14.3%	—	—	—
Interest Expense	—	25	-0.5	-2.9	-0.1	0.3	-1.6	-8.2	-7.6	-19.4	-27.3
Interest Expense, Net
Interest Income (Expense), Net
Non-Operating Income	—	29.1	-1.1	4.2	3.3	1.5	-2.4	-7.1	-0.4	-11.1	-1.1
Loss on Extinguishment of Debt
Miscellaneous (Expense) Income, Net
Interest Income (Expense), Net
Total Non-Operating Income	—	54	-1.6	1.3	3.2	1.8	-4	-15.3	-7.9	-30.5	-28.4
Income Before Provision for Income Taxes	519.4	475.9	335.7	282.9	201.9	168.5	124.8	94	56.9	22	-7.8
Income Before Income Taxes
Provision for Income Taxes	86.4	71.5	52.9	37.5	20	23.1	24.4	20.8	17.8	8.5	0.8
Income Tax Provision
Consolidated Net Income	433	404.4	282.8	245.4	181.8	145.4	100.4	73.2	39.1	13.4	-8.7
Net Income
Net Income Attributable to Common Shareholders	433	404.4	282.8	245.4	181.8	145.4	100.4	73.2	39.1	13.4	-8.7
Net Income
Basic EPS	14.7	13.1	9.2	7.6	5.1	4.1	2.8	2.1	1	0.4	-0.3
Diluted EPS	14.3	12.6	8.9	7.3	4.8	3.8	2.7	2	1	0.4	-0.3
Basic Weighted Average Shares Outstanding	29.5	31	30.7	32.4	35.9	35.7	35.9	35.5	39.1	35.8	31.3
Total Shares Outstanding	28.2	30.6	30.8	31.1	36	35.5	36.1	35.7	35.5	40.7	32.6
Diluted Weighted Average Shares Outstanding	30.3	32	31.8	33.7	37.7	37.7	37.6	36.9	39.8	36.3	31.3
EBITDA	535.5	476.1	363.2	301	219.7	186.6	150.5	139.8	111.3	110.6	90.1
Effective Tax Rate	16.6%	15%	15.8%	13.3%	9.9%	13.7%	19.5%	22.1%	31.3%	38.9%	-10.8%