Medpace Holdings Inc.
We are one of the world s leading clinical contract research organizations, or CROs, by revenue, solely focused on providing scientifically-driven outsourced clinical development services to the biotechnology, pharmaceutical and medical device industries. Our mission is to accelerate the global development of safe and effective medical therapeutics.
$670.68
+$8.20 (+1.24%)
Live
Margins and capital returns are both well above average: 21.14% operating margin, ROIC at 56.48%. Consistent with durable pricing power, though that alone doesn't make it a buy.
Revenue grew 20.0%, still solid.
At 39x earnings, the current multiple leaves limited room for execution misses or growth deceleration.
39.4x earnings, 26.5x FCF. Not cheap, the quality is already reflected in the price. Upside from here requires either margin expansion or growth re-acceleration, not just continuation.
Price History
Valuation & Multiples
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$2.78B
▲ +20.0% YoY
Net Income (TTM)
$492M
▲ +11.6% YoY
Op. Margin
20.97%
ROIC
80.81%
▲ +12.3pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$707M
▲ +19.2% YoY
Op. Cash Flow (TTM)
$753M
▲ +17.1% YoY
Net Debt
-$359M
Net Cash Position
Cash & Equiv.
$503M
5Y CAGR: +22.3%
5Y CAGR: +24.6%
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SourceComputed from the 10-Q filed 17 Jul 2026, covering the period ending 30 Jun 2026, as reported to the SEC. Data last refreshed 24 Jul 2026. How this is calculated.
Price from market data, live as of 22 Oct 2026. Fiscal year ends Dec. Sector medians are approximate S&P 500 benchmarks and update periodically.
Is Medpace Holdings (MEDP) overvalued?
At a P/E of 39.4 and a price-to-free-cash-flow of 26.5, Medpace Holdings (MEDP) trades below a two-stage DCF intrinsic value of about $1,261.85 per share, so at $670.68 the stock looks undervalued (88.1% below estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Medpace Holdings scores 87/100 on Intrinsiqq's quality scorecard (a high-quality business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. All figures are computed from SEC filings; read the full methodology, or see how the market compares in our US profitability statistics. This is analysis, not investment advice.
Frequently asked
What is Medpace Holdings's fair value?+
Intrinsiqq's two-stage DCF estimates an intrinsic value of about $1,261.85 per share for MEDP, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around $946.39. At today's $670.68, that puts the stock about 88.1% below estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Is Medpace Holdings a high-quality business?+
Medpace Holdings scores 87 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a high-quality business on these measures. Recent fundamentals include a 21.0% operating margin and a 80.8% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Is Medpace Holdings a good stock to buy right now?+
That depends on valuation and quality together, not either alone. MEDP currently trades below its estimated intrinsic value and scores 87/100 on quality (high-quality). A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.
Related stocks: Services-Commercial Physical & Biological Research
Spot a number that looks wrong? Check it in MEDP's SEC filings or
Download this analysis as a PDF (Pro)
Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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