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Medpace/$MEDP

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About Medpace

Medpace is a late-stage contract research organization that provides full-service drug-development and clinical trial services to small and midsize biotechnology, pharmaceutical, and medical device firms. It also offers ancillary services, including bioanalytical laboratory services and imaging capabilities. The company was founded over 30 years ago and has more than 5,400 employees across 40 countries. Medpace is headquartered in Cincinnati, Ohio, and its operations are primarily based in the US, with additional presence in Europe, Asia, South America, Africa, and Australia. Cinven, a global private equity firm, acquired Medpace for $915 million in 2014 and exited its investment in 2018.
Ticker
$MEDP
Sector
Health
Primary listing
NASDAQ
Employees
6,500

Medpace Metrics

BasicAdvanced
$17B
36.26
$17.06
1.15
-

What the Analysts think about Medpace

Analyst ratings (Buy, Hold, Sell) for Medpace stock.
Analyst projections of the future price of Medpace stock.

Bulls say / Bears say

Net new business awards rose 28.2% year on year to $795.7 million, giving Medpace a 1.13 book-to-bill ratio and lifting backlog to about $3.0 billion. That points to renewed demand and helps replenish work for future revenue. (Medpace)
Second-quarter revenue grew 17.2% and net income rose 34.5%, while the company forecast 10.9% to 14.0% revenue growth for 2026. Strong delivery and a double-digit full-year outlook support the earnings-growth case. (Medpace)
Management said requests for proposals increased both sequentially and year on year, with cancellations lower and the business environment constructive into July. A healthier flow of trial opportunities could support bookings beyond the latest quarter. (ROIC AI)
UBS says Medpace trades at the highest valuation among CRO peers, limiting scope for further multiple expansion. That leaves less room for disappointment if results merely meet already reasonable expectations. (StreetInsider)
Backlog rose only 4.9% year on year to $3.0 billion, versus 17.2% revenue growth in the quarter. UBS warns backlog coverage has fallen, so Medpace needs to keep winning work to avoid a future slowdown. (Medpace, StreetInsider)
Medpace relies heavily on a small group of sponsors: its top five customers generated about 31% of trailing-year revenue and its top ten 40%. Management also said cancellations are difficult to predict, leaving results exposed if major clients cut or stop trials. (ROIC AI)
Data summarised monthly by Lightyear AI. Last updated on 1 Oct 2026.

Medpace Financial Performance

Revenues and expenses
Income statement
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
Net income
Profit margin

Medpace Earnings Performance

Company profitability
Earnings per share
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
Expected
Surprise

Funds containing Medpace

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