NASDAQ$MEDP

Medpace Holdings Inc. · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Medpace's Q4 2021 financial results were reported, showing revenue growth and strategic advancements.

Medpace Holdings, Inc. announced its Q4 and full year 2021 financial results, with Q4 revenue reaching $308.6 million, an 18.8% increase year-over-year, and net new business awards totaling $458.7 million, up 27.9% from the previous year. GAAP net income for Q4 was $50.0 million, or $1.32 per diluted share. The company provided financial guidance for 2022, forecasting revenue between $1.400 billion and $1.460 billion.

  • Q4 2021 revenue increased by 18.8% to $308.6 million compared to Q4 2020.
  • Net new business awards for Q4 2021 rose by 27.9% to $458.7 million, resulting in a book-to-bill ratio of 1.49x.
  • GAAP net income for Q4 2021 was $50.0 million, or $1.32 per diluted share.
  • The company forecasts 2022 revenue in the range of $1.400 billion to $1.460 billion.

Headline financials

Total Revenue

$309M

Previous: $260M+18.8%
EPS (adj)

$1.32

Previous: $1.35-2.2%
Net New Business Awards

$459M

Previous: $359M+27.9%
Capital Expenditures

$9.12M

Previous: $7.79M+17.1%
Free Cash Flow

$61.8M

Previous: $97.7M-36.8%
Net Income

$50M

Previous: $50.9M-1.8%
Operating Income

$54.9M

Previous: $55M-0.2%
Gross Profit

$88M

Previous: $82.9M+6.2%
Cash & Equivalents

$461M

Previous: $278M+66.1%
Total Assets

$1.66B

Previous: $1.39B+19.4%
Stock-Based Comp

$3.98M

Previous: $2.96M+34.4%

Revenue & EPS history

Medpace · Revenue · Quarterly

$309M

Q4 2021+18.8%vs Q4 2020
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Forward guidance

The Company forecasts 2022 revenue in the range of $1.400 billion to $1.460 billion, representing growth of 22.6% to 27.8% over 2021 revenue of $1.142 billion. GAAP net income for full year 2022 is forecasted in the range of $204.0 million to $216.0 million. Additionally, full year 2022 EBITDA is expected in the range of $262.0 million to $278.0 million.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2021

Historical avgQ4 2021

-1.7%

Avg return

Earnings day

-1.6%

Avg return

5 days after

+1.1%

Avg return

30 days after

44%

19 / 43 earnings

Positive

+39.0%

Q3 2022

Best reaction

-31.5%

Q1 2016

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-2.5%-19.4%-14.9%
Q4 2025-15.9%-19.3%-16.3%
Q3 2025+9.0%+6.2%+8.2%
Q2 2025-0.2%+1.5%+7.0%
Q1 2025-2.3%+3.3%+1.4%
Q4 2024-7.5%-4.0%-10.3%
Q3 2024-8.4%-7.3%-8.5%
Q2 2024-15.2%-9.5%-6.1%
Q1 2024+9.4%+6.4%+4.8%
Q4 2023+11.6%+20.0%+25.0%
Q3 2023+18.8%+9.2%+20.8%
Q2 2023+4.6%+3.9%+1.8%
Q1 2023+10.2%+5.9%+7.2%
Q4 2022-2.9%-7.6%-20.4%
Q3 2022+39.0%+41.5%+39.2%
Q2 2022-2.9%+5.0%+3.8%
Q1 2022-12.0%-11.3%-12.2%
Q4 2021-20.6%-18.2%-12.1%
Q3 2021+13.9%+21.1%+14.4%
Q2 2021-6.0%-3.4%-0.8%
Q1 2021-12.8%-11.3%-13.3%
Q4 2020-2.7%-5.3%-2.0%
Q3 2020-6.1%-4.8%+4.4%
Q2 2020+15.5%+12.8%+16.7%
Q1 2020-2.5%-11.9%+9.0%
Q4 2019+2.4%-9.7%-31.7%
Q3 2019+0.8%-0.5%+3.8%
Q2 2019+24.9%+19.9%+27.2%
Q1 2019-4.3%-1.6%-4.7%
Q4 2018-21.3%-21.8%-18.4%
Q3 2018+0.2%+13.9%+21.8%
Q2 2018+28.6%+24.4%+23.4%
Q1 2018+2.3%-0.0%+12.9%
Q4 2017-15.7%-14.3%-5.3%
Q3 2017+6.2%+5.6%-3.7%
Q2 2017+8.0%+15.1%+17.2%
Q1 2016-31.5%-29.1%-12.6%
Q1 2017-29.1%-27.5%-12.3%
Q4 2014-21.3%-20.7%-22.2%
Q2 2016-21.3%-20.7%-22.2%
Q4 2016-19.8%-20.1%-22.3%
Q3 2016+3.8%+8.1%+24.0%
Q4 2015+3.8%+8.1%+24.0%
Q3 2015
Q2 2015
Q1 2015
Q1 2014

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