Medpace Holdings, Inc. (MEDP) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Cash from Operations | 151.79M | 192.65M | 246.21M | 148.53M | 125.84M | 190.67M | 149.07M | 116.4M | 152.68M | 156.4M | 114.39M | 82.52M | 80.08M | 136.68M | 108.49M | 96.62M | 46.26M | 70.89M | 72.35M | 62.76M |
| Operating CF Margin % | 21.48% | 27.19% | 37.31% | 24.62% | 22.53% | 35.53% | 27.95% | 22.04% | 29.88% | 31.38% | 23.23% | 17.9% | 18.45% | 34.68% | 28.27% | 27.51% | 13.98% | 22.98% | 24.48% | 22.55% |
| Operating CF Growth % | 20.62% | 1.04% | 65.16% | 27.6% | -17.58% | 21.91% | 30.33% | 41.06% | 90.67% | 14.42% | 5.43% | -14.59% | 73.11% | 92.8% | 49.95% | 53.95% | -19.3% | -32.8% | 21.07% | 41.78% |
| Net Income | 123.87M | 135.13M | 111.14M | 90.26M | 114.59M | 117.02M | 96.43M | 88.35M | 102.59M | 78.3M | 70.55M | 61.07M | 72.89M | 68.67M | 66.03M | 49.36M | 61.31M | 50.03M | 48.57M | 39.93M |
| Depreciation & Amortization | 6.75M | 7.13M | 6.34M | 7.01M | 6.93M | 7.51M | 7.52M | 7.24M | 6.99M | 6.97M | 6.88M | 6.52M | 5.96M | 5.9M | 5.79M | 5.54M | 5.11M | 5.46M | 5.33M | 5.23M |
| Stock-Based Compensation | 0 | 0 | 6.32M | 5.95M | 16.89M | 5.89M | 11.73M | 3.59M | 4.31M | 5.17M | 5.01M | 4.91M | 5.44M | 5.59M | 5.79M | 5.65M | 4.37M | 3.98M | 4.05M | 3.57M |
| Deferred Taxes | 18.54M | 17.41M | 28.51M | 34.11M | 749K | -24.2M | -1.51M | -54K | -865K | -13.81M | -7.6M | -2.65M | -1.06M | -20.89M | -687K | -726K | -713K | -40.41M | 632K | 1.38M |
| Other Non-Cash Items | 11.32M | 10.86M | 6.44M | 5.61M | 5.56M | 5.65M | 5.91M | 6.09M | 1.47M | 6.95M | 6.64M | 5.46M | 3.3M | 2.78M | 4.78M | 4.21M | 4.12M | 4.71M | 3.89M | 3.84M |
| Working Capital Changes | -8.7M | 22.12M | 87.46M | 5.59M | -18.89M | 78.81M | 29.01M | 11.19M | 38.18M | 72.82M | 32.91M | 7.21M | -6.45M | 74.63M | 26.78M | 32.58M | -27.94M | 47.12M | 9.87M | 8.81M |
| Change in Receivables | 7.82M | -29.1M | 4.86M | -79.91M | -2.07M | 15.27M | -10.32M | -21.83M | 19.12M | -8.97M | -17.58M | -17.39M | -4.34M | -4.48M | -23.38M | -835K | -38.22M | 64K | -24.69M | -1.44M |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 84K | 1.33M | -10.72M | 1.3M | 10.72M | 64K | -576K | 4.9M | -7.35M | 1.97M | -3.26M | -2.12M | 4.46M | 5.66M | -1.78M | 3.59M | -1.04M | -284K | 2.42M | 2.37M |
| Cash from Investing | -6.75M | -4.47M | -10.66M | -6.02M | -9.99M | -7.56M | -10.49M | -12.79M | 2.53M | -8M | -8.66M | -8.47M | -9.5M | -9.22M | -7.19M | -11.13M | -11.21M | -9.12M | -6.6M | -6M |
| Capital Expenditures | 0 | -4.54M | 16.11M | -6.11M | -9.99M | -7.64M | -10.54M | -12.87M | -5.5M | -9.99M | -8.7M | -8.45M | -9.51M | -9.24M | -7.18M | -11.2M | -9.26M | -9.12M | -6.64M | -6.01M |
| CapEx % of Revenue | 0.96% | 0.64% | 2.44% | 1.01% | 1.79% | 1.42% | 1.98% | 2.44% | 1.08% | 2% | 1.77% | 1.83% | 2.19% | 2.35% | 1.87% | 3.19% | 2.8% | 2.95% | 2.25% | 2.16% |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -6.75M | 63K | -26.77M | 93K | 7K | 81K | 51K | 81K | 8.03M | 1.99M | 41K | -21K | 10K | 23K | -8K | 73K | -1.95M | 0 | 40K | 11K |
| Cash from Financing | 12.67M | 22.73M | 3.41M | -540.56M | -345.97M | -168.61M | 6.27M | 666K | 7.66M | 1.52M | -49.27M | -82.21M | -52.68M | -131.12M | -109.11M | -123.46M | -412.08M | 2.43M | -5.21M | -50.78M |
| Debt Issued (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -55M | -60M | 65M | -89.7M | -110M | 249.7M | 0 | 0 | 0 | 0 |
| Equity Issued (Net) | 12.67M | 22.73M | -4.57M | -540.91M | -371.9M | -169.87M | 0 | 0 | 0 | 0 | 0 | -23.87M | -120.15M | -47.18M | 0 | -374.72M | -425.95M | 0 | -6.22M | -55.88M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | -4.57M | -540.91M | -371.9M | -169.87M | 0 | 0 | 0 | 0 | 0 | -23.87M | -120.15M | -47.18M | 0 | -374.72M | -425.95M | 0 | -6.22M | -55.88M |
| Other Financing | 0 | 0 | 7.99M | 351K | 25.93M | 1.26M | 6.27M | 666K | 7.66M | 1.52M | 5.73M | 1.66M | 2.46M | 5.76M | 892K | 1.55M | 13.87M | 2.43M | 1.01M | 5.1M |
| Net Change in Cash | 155.63M | 211.7M | 239.02M | -395.11M | -228M | 12.54M | 146.01M | 103.88M | 161.56M | 150.24M | 56.07M | -7.78M | 18.66M | -2.74M | -11.54M | -40.29M | -378.46M | 62.92M | 59.38M | 6.13M |
| Free Cash Flow | 151.79M | 188.12M | 262.32M | 142.41M | 115.84M | 183.02M | 138.54M | 103.53M | 147.18M | 146.41M | 105.68M | 74.07M | 70.56M | 127.44M | 101.31M | 85.42M | 37M | 61.78M | 65.71M | 56.75M |
| FCF Margin % | 21.48% | 26.55% | 39.75% | 23.61% | 20.74% | 34.11% | 25.98% | 19.6% | 28.8% | 29.38% | 21.46% | 16.07% | 16.26% | 32.34% | 26.4% | 24.32% | 11.18% | 20.02% | 22.23% | 20.39% |
| FCF Growth % | 31.03% | 2.78% | 89.35% | 37.56% | -21.29% | 25.01% | 31.09% | 39.76% | 108.58% | 14.88% | 4.31% | -13.28% | 90.72% | 106.29% | 54.17% | 50.51% | -27.18% | -36.78% | 28.61% | 62.42% |
| FCF per Share | 5.24 | 6.49 | 8.83 | 4.72 | 3.71 | 5.72 | 4.32 | 3.23 | 4.60 | 4.60 | 3.33 | 2.35 | 2.19 | 3.93 | 3.14 | 2.54 | 1.02 | 1.64 | 2.04 | 1.50 |
| FCF Conversion (FCF/Net Income) | 1.23x | 1.43x | 2.22x | 1.65x | 1.10x | 1.63x | 1.55x | 1.32x | 1.49x | 2.00x | 1.62x | 1.35x | 1.10x | 1.99x | 1.64x | 1.96x | 0.75x | 1.42x | 1.49x | 1.57x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |