ASGN (rebranding to Everforth in 2026) provides IT consulting and staffing services to Fortune 1000 companies and U.S. federal government agencies. The company operates two segments: a commercial segment (~70% of revenue) serving large enterprises across financial services, healthcare, TMT, and other verticals, and a federal segment (~30% of revenue) serving defense, intelligence, and civilian agencies. The defining strategic story is a deliberate mix shift away from traditional IT staffing toward higher-margin IT consulting. Within the commercial segment, consulting work — project-based engagements covering cloud migration, data and AI, cybersecurity, enterprise platform implementations (Workday, ServiceNow, Salesforce), and software development — now represents roughly half of commercial revenue and is growing, while traditional contingent staffing is declining. The federal segment focuses on AI, data analytics, cybersecurity, and IT modernization, operating under multi-year contracts (typically 3-5 years) with a $2.9B backlog that provides revenue visibility. ASGN bills clients for the time and work of IT professionals it deploys, with consulting carrying materially higher gross margins than staffing. ASGN supplements organic growth with tuck-in acquisitions that add specific solution capabilities, then cross-sells those capabilities across its existing client base — recent deals include TopBloc (Workday consulting) and Quinox (digital engineering with offshore delivery). ASGN allocates free cash flow across organic investment, M&A, and share repurchases.