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Medpace Holdings, Inc.

MEDPHealthcareNASDAQ

Diagnostics & Research

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Financials · Annual
Revenue
$2.53B
+20.0% YoY
Net Income
$451.1M
+11.6% YoY
EBITDA
$563.1M
+18.3% YoY
Free Cash Flow
$490.7M

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About Medpace Holdings, Inc.

Medpace Holdings, Inc. provides clinical research-based drug and medical device development services in North America, Europe, Asia, South America, Africa, and Australia. At a $12.77B market cap, Medpace Holdings, Inc. ranks as a large-cap company within healthcare. The company offers a suite of services supporting the clinical development process from Phase I to Phase IV in various therapeutic areas.

Key stats
Market Cap$12.77B
P/E (TTM)28.16
Fwd P/E24.09
EPS$15.88
Beta1.19
52W Change+50.1%
ROE77.3%
Analysis

Medpace Holdings, Inc. holds $652.7M in cash against $146.1M in total debt, giving it a net cash position. This means the company could theoretically pay off all its debt and still have cash remaining. Free cash flow comes in at $490.7M, providing flexibility for reinvestment, buybacks, or dividends. Consistent free cash flow generation is often considered a sign of operational health. Return on equity stands at 77.2%, which is exceptionally high for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. Return on assets of 17.5% further supports the picture of efficient asset utilization. Revenue has grown from $1.46B (2022) to $2.53B (2025), reflecting a 73% increase over the period.

With cash comfortably exceeding debt, MEDP has financial flexibility that may help navigate uncertain periods. These risk factors are not exhaustive — macroeconomic shifts, regulatory changes, and competitive dynamics can all influence Medpace Holdings, Inc.'s trajectory.

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