Barrett Business Services (BBSI)
Market Price (9/4/2026): $33.82 | Market Cap: $823.4 MilSector: Industrials | Industry: Human Resource & Employment Services
Barrett Business Services (BBSI)
Market Price (9/4/2026): $33.82Market Cap: $823.4 MilSector: IndustrialsIndustry: Human Resource & Employment Services
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.2% Low stock price volatilityVol 12M is 40% Megatrend and thematic driversMegatrends include Future of Work. Themes include HR Outsourcing & PEO Services, Workforce Management Solutions, and Regulatory Compliance & Risk Management. | Weak multi-year price returns2Y Excs Rtn is -43%, 3Y Excs Rtn is -27% | Key risksBBSI key risks include [1] volatility in its critical workers' compensation component and [2] its significant geographic concentration in California. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.2% |
| Low stock price volatilityVol 12M is 40% |
| Megatrend and thematic driversMegatrends include Future of Work. Themes include HR Outsourcing & PEO Services, Workforce Management Solutions, and Regulatory Compliance & Risk Management. |
| Weak multi-year price returns2Y Excs Rtn is -43%, 3Y Excs Rtn is -27% |
| Key risksBBSI key risks include [1] volatility in its critical workers' compensation component and [2] its significant geographic concentration in California. |
Qualitative Assessment
AI Analysis | Feedback
Barrett Business Services (BBSI) stock has gained about 5% since 5/31/2026 because of the following key factors:
1. Consistent Revenue Growth and Strong New Client Acquisition.
Barrett Business Services demonstrated underlying business strength through a 4% year-over-year increase in revenues to $319.3 million in fiscal Q2 2026 (ended June 30, 2026), which aligned with analyst expectations. Despite "continued softness in client hiring" as a growth headwind, the company reported "strong new client additions once again exceeding our expectations," particularly in Professional Employer Organization (PEO) services, indicating a healthy pipeline and client demand.
2. Robust Capital Return to Shareholders.
BBSI actively returned capital to shareholders, which can bolster investor confidence and support stock performance. In fiscal Q2 2026, the company repurchased $15.0 million of its common stock, acquiring 486,811 shares at an average price of $30.92. Additionally, BBSI paid $1.9 million in quarterly dividends and confirmed its next regular quarterly cash dividend at $0.08 per share. Year-to-date, the total capital returned to shareholders through buybacks and dividends exceeded $39 million.
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Barrett Business Services (BBSI) stock has gained about 5% since 5/31/2026 because of the following key factors:
1. Consistent Revenue Growth and Strong New Client Acquisition.
Barrett Business Services demonstrated underlying business strength through a 4% year-over-year increase in revenues to $319.3 million in fiscal Q2 2026 (ended June 30, 2026), which aligned with analyst expectations. Despite "continued softness in client hiring" as a growth headwind, the company reported "strong new client additions once again exceeding our expectations," particularly in Professional Employer Organization (PEO) services, indicating a healthy pipeline and client demand.
2. Robust Capital Return to Shareholders.
BBSI actively returned capital to shareholders, which can bolster investor confidence and support stock performance. In fiscal Q2 2026, the company repurchased $15.0 million of its common stock, acquiring 486,811 shares at an average price of $30.92. Additionally, BBSI paid $1.9 million in quarterly dividends and confirmed its next regular quarterly cash dividend at $0.08 per share. Year-to-date, the total capital returned to shareholders through buybacks and dividends exceeded $39 million.
3. Sound Financial Position and Optimistic Future Margin Outlook.
The company maintained a strong financial position, evidenced by a debt-free balance sheet and $67.9 million in unrestricted cash and investments at the close of fiscal Q2 2026. Furthermore, management projected a positive trajectory for profitability, stating that 2026 is viewed as the "low point for margin" as "cumulative pricing actions continue to build in the periods ahead," suggesting anticipated improvements in gross margin for subsequent fiscal periods.
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Stock Movement Drivers
Fundamental Drivers
The 4.2% change in BBSI stock from 5/31/2026 to 9/3/2026 was primarily driven by a 17.5% change in the company's P/E Multiple.| (LTM values as of) | 5312026 | 9032026 | Change |
|---|---|---|---|
| Stock Price ($) | 32.46 | 33.83 | 4.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,255 | 1,266 | 0.9% |
| Net Income Margin (%) | 3.2% | 2.8% | -14.5% |
| P/E Multiple | 20.0 | 23.5 | 17.5% |
| Shares Outstanding (Mil) | 25 | 24 | 2.8% |
| Cumulative Contribution | 4.2% |
Market Drivers
5/31/2026 to 9/3/2026| Return | Correlation | |
|---|---|---|
| BBSI | 4.2% | |
| Market (SPY) | 2.2% | -12.5% |
| Sector (XLI) | 0.8% | -15.7% |
Fundamental Drivers
The 22.8% change in BBSI stock from 2/28/2026 to 9/3/2026 was primarily driven by a 82.9% change in the company's P/E Multiple.| (LTM values as of) | 2282026 | 9032026 | Change |
|---|---|---|---|
| Stock Price ($) | 27.55 | 33.83 | 22.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,240 | 1,266 | 2.1% |
| Net Income Margin (%) | 4.4% | 2.8% | -36.9% |
| P/E Multiple | 12.8 | 23.5 | 82.9% |
| Shares Outstanding (Mil) | 25 | 24 | 4.2% |
| Cumulative Contribution | 22.8% |
Market Drivers
2/28/2026 to 9/3/2026| Return | Correlation | |
|---|---|---|
| BBSI | 22.8% | |
| Market (SPY) | 13.0% | -10.6% |
| Sector (XLI) | -1.2% | -17.8% |
Fundamental Drivers
The -30.0% change in BBSI stock from 8/31/2025 to 9/3/2026 was primarily driven by a -38.3% change in the company's Net Income Margin (%).| (LTM values as of) | 8312025 | 9032026 | Change |
|---|---|---|---|
| Stock Price ($) | 48.30 | 33.83 | -30.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,199 | 1,266 | 5.6% |
| Net Income Margin (%) | 4.5% | 2.8% | -38.3% |
| P/E Multiple | 22.9 | 23.5 | 2.3% |
| Shares Outstanding (Mil) | 26 | 24 | 5.1% |
| Cumulative Contribution | -30.0% |
Market Drivers
8/31/2025 to 9/3/2026| Return | Correlation | |
|---|---|---|
| BBSI | -30.0% | |
| Market (SPY) | 20.9% | 8.9% |
| Sector (XLI) | 16.0% | -2.3% |
Fundamental Drivers
The 45.4% change in BBSI stock from 8/31/2023 to 9/3/2026 was primarily driven by a 74.9% change in the company's P/E Multiple.| (LTM values as of) | 8312023 | 9032026 | Change |
|---|---|---|---|
| Stock Price ($) | 23.26 | 33.83 | 45.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,065 | 1,266 | 18.9% |
| Net Income Margin (%) | 4.4% | 2.8% | -37.0% |
| P/E Multiple | 13.4 | 23.5 | 74.9% |
| Shares Outstanding (Mil) | 27 | 24 | 10.9% |
| Cumulative Contribution | 45.4% |
Market Drivers
8/31/2023 to 9/3/2026| Return | Correlation | |
|---|---|---|
| BBSI | 45.4% | |
| Market (SPY) | 77.7% | 30.5% |
| Sector (XLI) | 68.0% | 28.0% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| BBSI Return | 3% | 37% | 26% | 51% | -16% | -6% | 112% |
| Peers Return | 48% | -16% | 22% | -5% | -34% | 29% | 25% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 12% | 104% |
Monthly Win Rates [3] | |||||||
| BBSI Win Rate | 50% | 42% | 67% | 67% | 50% | 67% | |
| Peers Win Rate | 67% | 42% | 53% | 52% | 37% | 62% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 44% | |
Max Drawdowns [4] | |||||||
| BBSI Max Drawdown | -23% | -15% | -21% | -7% | -32% | -32% | |
| Peers Max Drawdown | -13% | -31% | -20% | -25% | -45% | -38% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: PAYX, NSP, TNET, ADP, RHI.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 9/3/2026 (YTD)
How Low Can It Go
| Event | BBSI | S&P 500 |
|---|---|---|
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -18.1% | -6.7% |
| % Gain to Breakeven | 22.1% | 7.1% |
| Time to Breakeven | 103 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -15.2% | -24.5% |
| % Gain to Breakeven | 17.9% | 32.4% |
| Time to Breakeven | 2 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -65.3% | -33.7% |
| % Gain to Breakeven | 188.2% | 50.9% |
| Time to Breakeven | 569 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -17.8% | -19.2% |
| % Gain to Breakeven | 21.7% | 23.8% |
| Time to Breakeven | 50 days | 105 days |
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -11.4% | -3.7% |
| % Gain to Breakeven | 12.8% | 3.9% |
| Time to Breakeven | 7 days | 6 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -34.7% | -12.2% |
| % Gain to Breakeven | 53.1% | 13.9% |
| Time to Breakeven | 82 days | 62 days |
In The Past
Barrett Business Services's stock fell -8.1% during the 2025 US Tariff Shock. Such a loss loss requires a 8.8% gain to breakeven.
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| Event | BBSI | S&P 500 |
|---|---|---|
| 2020 COVID-19 Crash | ||
| % Loss | -65.3% | -33.7% |
| % Gain to Breakeven | 188.2% | 50.9% |
| Time to Breakeven | 569 days | 140 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -34.7% | -12.2% |
| % Gain to Breakeven | 53.1% | 13.9% |
| Time to Breakeven | 82 days | 62 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -69.1% | -6.8% |
| % Gain to Breakeven | 223.8% | 7.3% |
| Time to Breakeven | 755 days | 15 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -57.2% | -53.4% |
| % Gain to Breakeven | 133.8% | 114.4% |
| Time to Breakeven | 984 days | 1085 days |
In The Past
Barrett Business Services's stock fell -8.1% during the 2025 US Tariff Shock. Such a loss loss requires a 8.8% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Barrett Business Services (BBSI)
Barrett Business Services, Inc. (BBSI) specializes in providing comprehensive business management solutions primarily for small and mid-sized companies across the United States. The company differentiates itself by developing a unique management platform that integrates a strategic, knowledge-based approach derived from the management consulting industry with practical tools from the human resource outsourcing sector. This integrated approach aims to streamline operations and enhance efficiency for its diverse client base.
BBSI's primary service offering is its Professional Employer Services (PEO). Under this model, BBSI forms a co-employment relationship with client companies, assuming critical administrative responsibilities. This includes managing payroll, handling payroll taxes, securing workers' compensation coverage, and overseeing other essential human resource administration functions for the client's workforce. This service allows client companies to delegate complex HR and administrative burdens, enabling them to concentrate on their core business activities.
Beyond PEO, BBSI also provides a variety of staffing and recruiting services. These services encompass on-demand or short-term staffing assignments, contract staffing, direct placement for permanent positions, and long-term or indefinite-term on-site management services. BBSI serves a broad spectrum of industries, including electronics manufacturers, light-manufacturing, agriculture, transportation and shipping, food processors, telecommunications, public utilities, general contractors in construction, and various professional services firms.
AI Analysis | Feedback
1. They're like a comprehensive HR, payroll, and workers' compensation outsourcing partner for small and mid-sized businesses, similar to a specialized version of ADP or Paychex that also acts as a co-employer.
2. They also operate like a staffing and recruiting firm, providing temporary and permanent employee placement, similar to companies like Robert Half.
AI Analysis | Feedback
- Professional Employer Services (PEO): BBSI establishes a co-employment relationship with client companies, taking responsibility for payroll, payroll taxes, workers' compensation coverage, and other administrative functions for the client's existing workforce.
- Staffing and Recruiting Services: BBSI provides various staffing solutions, including on-demand, short-term, contract, direct placement, and long-term on-site management services.
AI Analysis | Feedback
- Electronics manufacturers
- Light-manufacturing industries
- Agriculture-based companies
- Transportation and shipping enterprises
- Food processors
- Telecommunications companies
- Public utilities
- General contractors in various construction-related fields
- Professional services firms
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Mr. Kramer joined BBSI as Chief Financial Officer in 2016 and was appointed Chief Executive Officer in March 2020. He has over 15 years of experience in the insurance industry, including 12 years with Chubb Limited, where he led the Global Services unit and previously served as divisional financial officer for ACE Financial Solutions.
Mr. Harris joined BBSI in September 2016 as Controller, was promoted to Executive Director of Accounting and Finance in March 2018, and then to Chief Financial Officer in 2020. Before joining BBSI, Mr. Harris served as Controller for Holland Partner Group from 2015 to 2016. He also spent nine years with PricewaterhouseCoopers in various roles in the United States and Australia, supporting publicly traded and large privately held companies.
Mr. Blotz joined BBSI in May 2002 as Area Manager of the San Jose branch office and was promoted to Vice President, Chief Operating Officer-Field Operations in May 2014. Prior to BBSI, Mr. Blotz was President and Chief Operating Officer of ProTrades Connection, where he was instrumental in building the company to 44 offices across four states.
Mr. Potts joined BBSI from Cozen O'Connor, a national law firm, where he co-chaired the Insurance Corporate and Regulatory Practice. He brings more than 25 years of legal experience representing clients across various industries.
Mr. Clabby was appointed Chairman of the Board of Directors in June 2025, succeeding Anthony Meeker, and was previously Vice Chairman of the Board starting in December 2024. He spent over two decades with ACE Limited and then Chubb following its merger with ACE, holding various senior executive positions, including board roles at several affiliated companies.
AI Analysis | Feedback
The key risks to Barrett Business Services (BBSI) primarily stem from its reliance on the economic health of its small and mid-sized business clients and the highly regulated nature of the human resources outsourcing and staffing industries.
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Economic Downturn and Client Business Performance
BBSI's business is highly susceptible to macroeconomic conditions and the performance of its client companies. An economic downturn or periods of uncertainty can lead to a slowdown in client hiring, reduced demand for PEO services, and potential client attrition. Macroeconomic uncertainty, including factors such as trade negotiations and government initiatives, can result in slower client hiring and investment decisions. This direct correlation means that a significant economic contraction impacting client businesses could negatively affect BBSI's revenue and profitability.
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Regulatory and Compliance Risk
Operating in the professional employer organization (PEO) and staffing sectors, BBSI is subject to extensive and evolving federal, state, and local regulations concerning labor laws, employment, payroll, taxes, and workers' compensation. Changes in these regulations, such as potential increases in workers' compensation rates (particularly in California), or other shifts in labor laws and tax policies, can pose significant threats to the company. Although BBSI aims to help its clients navigate complex compliance landscapes, such regulatory changes can increase BBSI's operational complexity and costs, leading to fines or legal challenges if not managed effectively.
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Competitive Pressures and Decline in Staffing Services Revenue
BBSI faces competitive pressures, particularly within its staffing services segment. There has been an observed decline in staffing services revenue, indicating potential challenges in this market segment. This downturn in staffing revenue, which is typically a higher-margin service compared to their core PEO offerings, can contribute to overall margin pressure for the company. Monitoring industry trends and competitor strategies is crucial for BBSI to maintain competitiveness in this area.
AI Analysis | Feedback
The emergence and rapid advancement of highly integrated, AI-driven HR, payroll, and benefits administration platforms (e.g., Rippling, Gusto) represent a clear emerging threat. These platforms are increasingly capable of automating and simplifying complex administrative tasks such as payroll, tax compliance, benefits management, and even aspects of HR consulting and workers' compensation. As these technology-first solutions become more robust, comprehensive, and user-friendly, they could reduce the perceived need for small and mid-sized businesses to engage in a full co-employment relationship with a Professional Employer Organization (PEO) like BBSI or rely on traditional staffing services, allowing them to manage their workforce administration with greater independence and potentially lower costs.
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Barrett Business Services, Inc. (BBSI) operates within two primary addressable markets in the United States: Professional Employer Organization (PEO) services and staffing and recruiting services.
For Professional Employer Organization (PEO) services, the addressable market in the U.S. was valued at approximately $14.8 billion (USD 14,826.12 million) in 2024 and is projected to reach approximately $94 billion (USD 93,978.54 million) by 2035.
For staffing and recruiting services, the addressable market in the U.S. had a revenue of $184 billion in 2024.
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- Growth in Worksite Employees (WSEs) and New Client Additions: The company consistently highlights that an increase in worksite employees, driven by strong new client additions, is a primary catalyst for PEO gross billings growth. BBSI reported record growth in its worksite employee base, with projections for WSEs to increase between 2% and 4% in 2026.
- Expansion of PEO Services and Health Benefits Products: Solid demand within its PEO services, particularly with promising prospects in health benefits products, is expected to contribute to revenue growth. BBSI has successfully added participants to its benefits products, with a high renewal rate.
- Geographic Expansion and Asset-Light Model: BBSI is focused on expanding its asset-light model into new geographies and converting emerging markets into traditional branches. This includes opening new branches in strategic locations such as Chicago, Dallas, and Nashville, which broadens its market presence.
- Technological Advancements and New Product Launches: Investments in technology are leading to the launch of new products and services designed to enhance the client experience and operational efficiency. Examples include the launch of an employee file cabinet HRIS module and the upcoming beta release of a performance management module in Q2 2026, which are expected to strengthen the service model.
- Strong Client Retention: High client retention rates are a consistent positive indicator for BBSI, contributing to sustained PEO gross billings growth. The company reported a 93% client retention rate for its benefits products.
AI Analysis | Feedback
Share Repurchases
- In August 2025, BBSI's Board of Directors authorized a new $100 million stock repurchase program over a two-year period, replacing the previous July 2023 program.
- In 2025, the company repurchased $42 million of its stock.
- As of December 31, 2025, approximately $75 million remained available under the $100 million repurchase program.
Share Issuance
- In April 2024, the board approved a four-for-one stock split in the form of a stock dividend.
- This stock split, distributed in June 2024, required an increase in the authorized shares of common stock from 20,500,000 to 82,000,000.
Capital Expenditures
- Capital expenditures for the last 12 months (leading up to late 2025/early 2026) were approximately $18.78 million.
- The company made strategic investments in 2025 in technology for product development and in sales teams for asset-light expansion.
- For 2026, BBSI plans to continue investments in IT product enhancements, leveraging modern systems and AI tools, and to convert three additional locations to traditional branches for geographic expansion.
Peer Outperformance in Human Resource & Employment Services
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Construction & Engineering | 31 | 17.5% | 99.4% | 187.0% | CDNL 2619% · FIX 2009% · STRL 1891% |
| Marine Transportation | 5 | 69.1% | 70.3% | 169.4% | HOS 49321% · MATX 184% · KEX 169% |
| Construction Machinery & Heavy Transportation Equipment | 13 | 15.9% | 55.6% | 114.4% | CAT 315% · ALSN 262% · WAB 220% |
| Aerospace & Defense | 55 | 0.1% | 55.2% | 71.1% | ATI 1040% · FTAI 901% · HWM 742% |
| Passenger Ground Transportation | 3 | -11.8% | 40.0% | 57.9% | UBER 88% · CAR 58% · LYFT -64% |
| Rail Transportation | 7 | 30.7% | 66.8% | 45.4% | FSTR 131% · CSX 64% · UNP 51% |
| Industrial Machinery & Supplies & Components | 71 | 9.5% | 45.8% | 43.3% | CRS 1386% · PSIX 846% · EROC 573% |
| Cargo Ground Transportation | 16 | 35.9% | 1.1% | 32.1% | R 249% · XPO 242% · CVLG 202% |
| Trading Companies & Distributors | 19 | 1.6% | 30.1% | 31.7% | DXPE 523% · AIT 285% · WCC 202% |
| Diversified Support Services | 33 | 12.3% | 29.7% | 26.7% | LIME 4415% · WLFC 355% · TH 348% |
| Electrical Components & Equipment | 41 | 17.1% | 44.4% | 20.1% | POWL 2125% · BE 976% · VRT 858% |
| Building Products | 33 | -7.1% | 4.3% | 17.8% | LMB 571% · GFF 389% · PPIH 288% |
| Research & Consulting Services | 13 | -5.9% | -19.7% | -3.9% | HURN 220% · CRAI 91% · GRNQ 81% |
| Industrial Conglomerates | 17 | 12.5% | 10.9% | -5.0% | RCMT 667% · CSW 138% · CSL 76% |
| Agricultural & Farm Machinery | 17 | 13.7% | -6.0% | -10.4% | BLBD 213% · DE 90% · GENC 57% |
| Environmental & Facilities Services | 29 | -6.3% | 20.5% | -12.5% | CECO 883% · ADUR 572% · NVRI 360% |
| Data Processing & Outsourced Services | 6 | -29.6% | -11.5% | -24.8% | EXLS 51% · BR 15% · G -22% |
| Passenger Airlines | 11 | -0.6% | -4.9% | -27.5% | LTM 2468% · UAL 135% · SKYW 111% |
| Office Services & Supplies | 9 | 13.1% | 19.0% | -31.6% | PBI 189% · TILE 151% · HNI 54% |
| Human Resource & Employment Services ← | 22 | 8.1% | -19.4% | -37.1% | BBSI 85% · ADP 53% · KFY 31% |
| Air Freight & Logistics | 12 | -7.7% | -26.9% | -39.4% | CHRW 82% · FDX 68% · EXPD 60% |
| Security & Alarm Services | 10 | -33.9% | 7.3% | -44.9% | CIX 143% · MG 95% · NL 56% |
| Airport Services | 3 | -67.0% | -75.3% | -58.7% | JOBY -32% · ASLE -59% · UP -100% |
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Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 60.62 |
| Mkt Cap | 3.7 |
| Rev LTM | 5,903 |
| Op Inc LTM | 177 |
| FCF LTM | 252 |
| FCF 3Y Avg | 320 |
| CFO LTM | 313 |
| CFO 3Y Avg | 385 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 4.1% |
| Rev Chg 3Y Avg | 4.5% |
| Rev Chg Q | 2.7% |
| QoQ Delta Rev Chg LTM | 0.7% |
| Op Inc Chg LTM | -5.1% |
| Op Inc Chg 3Y Avg | -4.3% |
| Op Mgn LTM | 5.2% |
| Op Mgn 3Y Avg | 5.9% |
| QoQ Delta Op Mgn LTM | 0.0% |
| CFO/Rev LTM | 6.2% |
| CFO/Rev 3Y Avg | 7.3% |
| FCF/Rev LTM | 5.0% |
| FCF/Rev 3Y Avg | 6.1% |
Price Behavior
| Market Price | $33.83 | |
| Market Cap ($ Bil) | 0.8 | |
| First Trading Date | 06/14/1993 | |
| Distance from 52W High | -30.5% | |
| 50 Days | 200 Days | |
| DMA Price | $36.30 | $33.55 |
| DMA Trend | down | up |
| Distance from DMA | -6.8% | 0.8% |
| 3M | 1YR | |
| Volatility | 48.6% | 40.2% |
| Downside Capture | 5.72 | 92.76 |
| Upside Capture | 24.55 | 31.78 |
| Correlation (SPY) | -14.1% | 8.7% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.47 | 0.01 | -0.47 | -0.32 | 0.27 | 0.59 |
| Up Beta | 0.62 | -0.59 | -0.80 | -0.80 | -0.10 | 0.48 |
| Down Beta | -10.30 | -3.34 | -1.85 | -1.06 | -0.14 | 0.49 |
| Up Capture | 189% | 69% | 35% | 32% | 23% | 44% |
| Bmk +ve Days | 10 | 21 | 32 | 68 | 138 | 427 |
| Stock +ve Days | 14 | 23 | 34 | 69 | 126 | 401 |
| Down Capture | 586% | 174% | 12% | -14% | 93% | 90% |
| Bmk -ve Days | 11 | 21 | 32 | 59 | 113 | 324 |
| Stock -ve Days | 7 | 19 | 30 | 57 | 123 | 346 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BBSI | |
|---|---|---|---|---|
| BBSI | -29.7% | 40.2% | -0.77 | - |
| Sector ETF (XLI) | 17.8% | 17.1% | 0.79 | -2.3% |
| Equity (SPY) | 21.2% | 12.8% | 1.23 | 8.9% |
| Gold (GLD) | 25.1% | 29.1% | 0.77 | -15.4% |
| Commodities (DBC) | 42.9% | 20.4% | 1.64 | -9.5% |
| Real Estate (VNQ) | 10.7% | 13.6% | 0.50 | 17.7% |
| Bitcoin (BTCUSD) | -31.0% | 43.5% | -0.73 | 12.4% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BBSI | |
|---|---|---|---|---|
| BBSI | 13.8% | 29.0% | 0.46 | - |
| Sector ETF (XLI) | 12.5% | 17.6% | 0.54 | 37.2% |
| Equity (SPY) | 13.1% | 17.2% | 0.58 | 36.1% |
| Gold (GLD) | 19.6% | 18.8% | 0.85 | -6.3% |
| Commodities (DBC) | 11.0% | 19.5% | 0.44 | 4.5% |
| Real Estate (VNQ) | 2.0% | 18.9% | 0.00 | 35.3% |
| Bitcoin (BTCUSD) | 10.5% | 52.6% | 0.38 | 16.6% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BBSI | |
|---|---|---|---|---|
| BBSI | 12.7% | 35.9% | 0.44 | - |
| Sector ETF (XLI) | 13.4% | 20.0% | 0.59 | 47.4% |
| Equity (SPY) | 15.3% | 17.9% | 0.73 | 43.7% |
| Gold (GLD) | 12.5% | 16.3% | 0.63 | -4.3% |
| Commodities (DBC) | 8.0% | 18.1% | 0.36 | 16.8% |
| Real Estate (VNQ) | 4.9% | 20.7% | 0.20 | 42.1% |
| Bitcoin (BTCUSD) | 63.1% | 66.1% | 1.03 | 11.8% |
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Returns Analyses
Earnings Returns History
Updated 9/4/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/5/2026 | -17.5% | -22.3% | -15.5% |
| 5/6/2026 | 1.6% | -2.3% | 12.4% |
| 2/25/2026 | -14.7% | -7.5% | -6.4% |
| 11/5/2025 | -14.2% | -14.4% | -15.6% |
| 8/6/2025 | 5.6% | 7.6% | 8.6% |
| 5/7/2025 | -0.9% | 2.0% | 3.9% |
| 2/26/2025 | -0.5% | -3.1% | 3.4% |
| 11/6/2024 | 2.0% | 5.4% | 8.1% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 13 | 12 | 16 |
| # Negative | 11 | 12 | 8 |
| Median Positive | 4.2% | 6.5% | 8.2% |
| Median Negative | -5.7% | -4.9% | -7.5% |
| Max Positive | 16.4% | 19.5% | 27.1% |
| Max Negative | -17.5% | -22.3% | -18.2% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/5/2026 | -17.5% | -22.3% | -15.5% |
| 5/6/2026 | 1.6% | -2.3% | 12.4% |
| 2/25/2026 | -14.7% | -7.5% | -6.4% |
| 11/5/2025 | -14.2% | -14.4% | -15.6% |
| 8/6/2025 | 5.6% | 7.6% | 8.6% |
| 5/7/2025 | -0.9% | 2.0% | 3.9% |
| 2/26/2025 | -0.5% | -3.1% | 3.4% |
| 11/6/2024 | 2.0% | 5.4% | 8.1% |
| 7/31/2024 | 0.6% | -5.2% | -0.5% |
| 5/1/2024 | -2.4% | 1.2% | 8.4% |
| 2/28/2024 | 5.7% | 3.1% | 10.1% |
| 11/1/2023 | 5.6% | 14.3% | 23.6% |
| 8/2/2023 | 1.7% | 4.1% | 5.5% |
| 5/3/2023 | -4.9% | -1.5% | 6.0% |
| 3/1/2023 | -6.2% | -5.9% | -8.6% |
| 11/2/2022 | 6.6% | 11.2% | 16.9% |
| 8/3/2022 | -0.1% | 3.2% | 0.2% |
| 5/4/2022 | 4.2% | -1.1% | -0.7% |
| 3/2/2022 | 16.4% | 19.5% | 27.1% |
| 11/3/2021 | -6.8% | -6.6% | -18.2% |
| 8/4/2021 | 7.0% | 9.0% | 9.0% |
| 5/5/2021 | 3.5% | -2.2% | 0.7% |
| 3/3/2021 | -5.7% | -4.6% | -3.9% |
| 11/4/2020 | 0.9% | 8.2% | 7.3% |
| SUMMARY STATS | |||
| # Positive | 13 | 12 | 16 |
| # Negative | 11 | 12 | 8 |
| Median Positive | 4.2% | 6.5% | 8.2% |
| Median Negative | -5.7% | -4.9% | -7.5% |
| Max Positive | 16.4% | 19.5% | 27.1% |
| Max Negative | -17.5% | -22.3% | -18.2% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/06/2026 | 10-Q |
| 03/31/2026 | 05/07/2026 | 10-Q |
| 12/31/2025 | 02/26/2026 | 10-K |
| 09/30/2025 | 11/06/2025 | 10-Q |
| 06/30/2025 | 08/07/2025 | 10-Q |
| 03/31/2025 | 05/08/2025 | 10-Q |
| 12/31/2024 | 02/28/2025 | 10-K |
| 09/30/2024 | 11/07/2024 | 10-Q |
| 06/30/2024 | 08/01/2024 | 10-Q |
| 03/31/2024 | 05/02/2024 | 10-Q |
| 12/31/2023 | 03/01/2024 | 10-K |
| 09/30/2023 | 11/02/2023 | 10-Q |
| 06/30/2023 | 08/03/2023 | 10-Q |
| 03/31/2023 | 05/04/2023 | 10-Q |
| 12/31/2022 | 03/06/2023 | 10-K |
| 09/30/2022 | 11/03/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/06/2026 | 10-Q |
| 03/31/2026 | 05/07/2026 | 10-Q |
| 12/31/2025 | 02/26/2026 | 10-K |
| 09/30/2025 | 11/06/2025 | 10-Q |
| 06/30/2025 | 08/07/2025 | 10-Q |
| 03/31/2025 | 05/08/2025 | 10-Q |
| 12/31/2024 | 02/28/2025 | 10-K |
| 09/30/2024 | 11/07/2024 | 10-Q |
| 06/30/2024 | 08/01/2024 | 10-Q |
| 03/31/2024 | 05/02/2024 | 10-Q |
| 12/31/2023 | 03/01/2024 | 10-K |
| 09/30/2023 | 11/02/2023 | 10-Q |
| 06/30/2023 | 08/03/2023 | 10-Q |
| 03/31/2023 | 05/04/2023 | 10-Q |
| 12/31/2022 | 03/06/2023 | 10-K |
| 09/30/2022 | 11/03/2022 | 10-Q |
| 06/30/2022 | 08/04/2022 | 10-Q |
| 03/31/2022 | 05/05/2022 | 10-Q |
| 12/31/2021 | 03/07/2022 | 10-K |
| 09/30/2021 | 11/03/2021 | 10-Q |
| 06/30/2021 | 08/04/2021 | 10-Q |
| 03/31/2021 | 05/05/2021 | 10-Q |
| 12/31/2020 | 03/08/2021 | 10-K |
| 09/30/2020 | 11/04/2020 | 10-Q |
| 06/30/2020 | 08/05/2020 | 10-Q |
| 03/31/2020 | 05/06/2020 | 10-Q |
| 12/31/2019 | 03/03/2020 | 10-K |
| 09/30/2019 | 11/06/2019 | 10-Q |
Recent Forward Guidance
Updated 8/6/2026Latest: Q2 2026 Earnings Reported 8/5/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Gross billings growth | Reported | 3.0% | 3.5% | 4.0% | -0.5% | Lowered | Guidance: 4.0% for 2026 | |
| 2026 Growth in the average number of WSEs | Reported | 2.0% | 2.5% | 3.0% | -0.5% | Lowered | Guidance: 3.0% for 2026 | |
| 2026 Gross margin % of gross billings | Reported | 2.7% | 2.73% | 2.75% | -0.0% | Lowered | Guidance: 2.78% for 2026 | |
| 2026 Effective annual tax rate | Reported | 26.0% | 26.5% | 27.0% | 0 | Affirmed | Guidance: 26.5% for 2026 | |
Prior: Q1 2026 Earnings Reported 5/6/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Gross billings growth | Reported | 3.0% | 4.0% | 5.0% | 0.0% | Affirmed | Guidance: 4.0% for 2026 | |
| 2026 Growth in the average number of WSEs | Reported | 2.0% | 3.0% | 4.0% | 0.0% | Affirmed | Guidance: 3.0% for 2026 | |
| 2026 Gross margin % of gross billings | Reported | 2.7% | 2.78% | 2.85% | 0.0% | Affirmed | Guidance: 2.78% for 2026 | |
| 2026 Effective annual tax rate | Reported | 26.0% | 26.5% | 27.0% | 0.0% | Affirmed | Guidance: 26.5% for 2026 | |
Q4 2025 Earnings Reported 2/25/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Gross Billings Growth | Reported | 3.0% | 4.0% | 5.0% | -5.0% | Lower New | Guidance: 9.0% for 2025 | |
| 2026 Average WSEs Growth | Reported | 2.0% | 3.0% | 4.0% | -4.0% | Lower New | Guidance: 7.0% for 2025 | |
| 2026 Gross Margin | Reported | 2.7% | 2.78% | 2.85% | -0.2% | Lower New | Guidance: 2.95% for 2025 | |
| 2026 Effective Annual Tax Rate | Reported | 26.0% | 26.5% | 27.0% | 0.0% | Same New | Guidance: 26.5% for 2025 | |
Q3 2025 Earnings Reported 11/5/2025
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2025 Gross billings growth | Reported | 8.5% | 9.0% | 9.5% | -0.5% | Lowered | Guidance: 9.5% for 2025 | |
| 2025 Growth in the average number of WSEs | Reported | 6.0% | 7.0% | 8.0% | 0 | Affirmed | Guidance: 7.0% for 2025 | |
| 2025 Gross margin % of gross billings | Reported | 2.9% | 2.95% | 3.0% | -0.2% | Lowered | Guidance: 2.98% for 2025 | |
| 2025 Effective annual tax rate | Reported | 26.0% | 26.5% | 27.0% | 0 | Affirmed | Guidance: 26.5% for 2025 | |
Insider Activity
Updated 7/7/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Potts, James R | EVP Gen Counsel & Secretary | Direct | Sell | 7072026 | 38.00 | 3,490 | 132,620 | 1,217,330 | Form |
| 2 | Potts, James R | EVP Gen Counsel & Secretary | Direct | Sell | 7072026 | 37.55 | 3,487 | 130,926 | 1,333,850 | Form |
| 3 | Potts, James R | EVP Gen Counsel & Secretary | Direct | Sell | 7072026 | 38.00 | 1,802 | 68,476 | 1,482,456 | Form |
| 4 | Meeker, Anthony | Direct | Sell | 7072026 | 37.85 | 12,000 | 454,226 | 1,701,267 | Form | |
| 5 | Finn, Mark Steven | Direct | Buy | 5132026 | 28.60 | 1,000 | 28,600 | 598,970 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Potts, James R | EVP Gen Counsel & Secretary | Direct | Sell | 7072026 | 38.00 | 3,490 | 132,620 | 1,217,330 | Form |
| 2 | Potts, James R | EVP Gen Counsel & Secretary | Direct | Sell | 7072026 | 37.55 | 3,487 | 130,926 | 1,333,850 | Form |
| 3 | Potts, James R | EVP Gen Counsel & Secretary | Direct | Sell | 7072026 | 38.00 | 1,802 | 68,476 | 1,482,456 | Form |
| 4 | Meeker, Anthony | Direct | Sell | 7072026 | 37.85 | 12,000 | 454,226 | 1,701,267 | Form | |
| 5 | Finn, Mark Steven | Direct | Buy | 5132026 | 28.60 | 1,000 | 28,600 | 598,970 | Form | |
| 6 | Finn, Mark Steven | Direct | Buy | 3262026 | 29.40 | 1,000 | 29,396 | 586,254 | Form | |
| 7 | Finn, Mark Steven | Direct | Buy | 3202026 | 27.88 | 500 | 13,940 | 528,131 | Form | |
| 8 | Finn, Mark Steven | Direct | Buy | 3202026 | 27.93 | 500 | 13,962 | 515,021 | Form | |
| 9 | Potts, James R | EVP Gen Counsel & Secretary | Direct | Sell | 3182026 | 28.68 | 1,803 | 51,710 | 970,445 | Form |
| 10 | Kramer, Gary | President & CEO | Direct | Buy | 3162026 | 26.89 | 8,370 | 225,068 | 8,841,393 | Form |
| 11 | Finn, Mark Steven | Direct | Buy | 3032026 | 27.59 | 1,000 | 27,595 | 495,137 | Form | |
| 12 | Finn, Mark Steven | Direct | Buy | 3032026 | 27.72 | 1,000 | 27,720 | 469,660 | Form | |
| 13 | Clabby, Joseph Stephen | Direct | Buy | 11122025 | 34.83 | 1,000 | 34,830 | 536,069 | Form | |
| 14 | Finn, Mark Steven | Direct | Buy | 11122025 | 34.39 | 1,000 | 34,388 | 548,240 | Form | |
| 15 | Blotz, Gerald | Executive VP & COO | Direct | Sell | 9242025 | 46.08 | 11,664 | 537,490 | 9,097,884 | Form |
| 16 | Meeker, Anthony | Direct | Sell | 9172025 | 46.78 | 3,064 | 143,345 | 2,554,431 | Form | |
| 17 | Finn, Mark Steven | Direct | Buy | 9122025 | 47.06 | 500 | 23,530 | 703,216 | Form | |
| 18 | Kramer, Gary | President & CEO | Direct | Sell | 8262025 | 48.35 | 80,000 | 3,867,888 | 13,877,982 | Form |
| 19 | Kramer, Gary | President & CEO | Direct | Sell | 8262025 | 48.53 | 22,344 | 1,084,258 | 13,928,817 | Form |
| 20 | Potts, James R | EVP Gen Counsel & Secretary | Direct | Sell | 8182025 | 46.70 | 20,651 | 964,435 | 1,496,086 | Form |
| 21 | Cusick, Thomas B | Direct | Sell | 8152025 | 47.64 | 3,064 | 145,983 | 1,323,379 | Form | |
| 22 | Carley, Thomas J | Direct | Sell | 8152025 | 47.62 | 12,646 | 602,180 | 4,509,063 | Form | |
| 23 | Blotz, Gerald | Executive VP & COO | Direct | Sell | 7032025 | 42.71 | 13,327 | 569,131 | 8,929,466 | Form |
Investor Activity (13F)
Updated Sep 4, 2026Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.
| Active Manager |
|---|
Industry Resources
| Industrials Resources |
| IndustryWeek |
| Manufacturing.net |
| Aviation Week |
| Human Resource & Employment Services Resources |
| HR Magazine (SHRM) |
| HR Dive |
| Personnel Today |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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