Tearsheet

HireQuest (HQI)


Market Price (3/21/2026): $9.95 | Market Cap: $138.9 Mil
Sector: Industrials | Industry: Human Resource & Employment Services

HireQuest (HQI)


Market Price (3/21/2026): $9.95
Market Cap: $138.9 Mil
Sector: Industrials
Industry: Human Resource & Employment Services

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.5%, Dividend Yield is 2.5%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 3.4%, FCF Yield is 10%
Weak multi-year price returns
2Y Excs Rtn is -45%, 3Y Excs Rtn is -119%
Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -13%, Rev Chg QQuarterly Revenue Change % is -9.8%
1 Attractive operating margins
Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 24%
  Significant short interest
Short Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 20.06
2 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 45%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 44%
  Key risks
HQI key risks include [1] its heavy dependence on the financial performance of its franchisees and [2] challenges in executing its acquisition-based growth strategy.
3 Megatrend and thematic drivers
Megatrends include Future of Work. Themes include Flexible Staffing Solutions, and Workforce Agility.
  
0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.5%, Dividend Yield is 2.5%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 3.4%, FCF Yield is 10%
1 Attractive operating margins
Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 24%
2 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 45%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 44%
3 Megatrend and thematic drivers
Megatrends include Future of Work. Themes include Flexible Staffing Solutions, and Workforce Agility.
4 Weak multi-year price returns
2Y Excs Rtn is -45%, 3Y Excs Rtn is -119%
5 Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -13%, Rev Chg QQuarterly Revenue Change % is -9.8%
6 Significant short interest
Short Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 20.06
7 Key risks
HQI key risks include [1] its heavy dependence on the financial performance of its franchisees and [2] challenges in executing its acquisition-based growth strategy.

Valuation, Metrics & Events

Price Chart

Why The Stock Moved

Qualitative Assessment

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HireQuest (HQI) stock has gained about 15% since 11/30/2025 because of the following key factors:

1. Strong Q3 2025 Earnings Beat and Positive 2026 Labor Market Outlook. HireQuest reported robust financial results for Q3 2025 on November 6, 2025, with an EPS of $0.24, significantly surpassing analyst estimates of $0.14 by $0.10. Revenue also exceeded expectations at $8.50 million against an $8.11 million estimate. This strong performance set a positive tone just before the specified period. Furthermore, on November 18, 2025, HireQuest released a favorable 2026 U.S. Labor Market Outlook, predicting stabilization and renewed demand for skilled and flexible contract roles, with 68% of its offices reporting stable or improved time-to-fill rates in 2025.

2. Strategic Shareholder Return Initiatives. On December 17, 2025, HireQuest announced a new Board-approved share repurchase program authorizing the company to buy back up to $20 million of its common stock. This initiative signals management's confidence in the company's valuation and commitment to returning value to shareholders. Additionally, HireQuest consistently declared a quarterly dividend of $0.06 per share, including an announcement on February 17, 2026.

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Stock Movement Drivers

Fundamental Drivers

The 14.5% change in HQI stock from 11/30/2025 to 3/20/2026 was primarily driven by a 14.5% change in the company's P/E Multiple.
(LTM values as of)113020253202026Change
Stock Price ($)8.599.8314.5%
Change Contribution By: 
Total Revenues ($ Mil)32320.0%
Net Income Margin (%)21.9%21.9%0.0%
P/E Multiple17.219.714.5%
Shares Outstanding (Mil)14140.0%
Cumulative Contribution14.5%

LTM = Last Twelve Months as of date shown

Market Drivers

11/30/2025 to 3/20/2026
ReturnCorrelation
HQI14.5% 
Market (SPY)-4.8%17.5%
Sector (XLI)5.2%17.4%

Fundamental Drivers

The 1.9% change in HQI stock from 8/31/2025 to 3/20/2026 was primarily driven by a 193.4% change in the company's Net Income Margin (%).
(LTM values as of)83120253202026Change
Stock Price ($)9.649.831.9%
Change Contribution By: 
Total Revenues ($ Mil)3332-2.8%
Net Income Margin (%)7.5%21.9%193.4%
P/E Multiple55.119.7-64.2%
Shares Outstanding (Mil)1414-0.2%
Cumulative Contribution1.9%

LTM = Last Twelve Months as of date shown

Market Drivers

8/31/2025 to 3/20/2026
ReturnCorrelation
HQI1.9% 
Market (SPY)1.1%17.9%
Sector (XLI)6.8%19.7%

Fundamental Drivers

The -33.3% change in HQI stock from 2/28/2025 to 3/20/2026 was primarily driven by a -85.8% change in the company's P/E Multiple.
(LTM values as of)22820253202026Change
Stock Price ($)14.749.83-33.3%
Change Contribution By: 
Total Revenues ($ Mil)3632-12.6%
Net Income Margin (%)4.0%21.9%442.6%
P/E Multiple139.119.7-85.8%
Shares Outstanding (Mil)1414-0.9%
Cumulative Contribution-33.3%

LTM = Last Twelve Months as of date shown

Market Drivers

2/28/2025 to 3/20/2026
ReturnCorrelation
HQI-33.3% 
Market (SPY)10.4%27.5%
Sector (XLI)19.8%29.4%

Fundamental Drivers

The -54.4% change in HQI stock from 2/28/2023 to 3/20/2026 was primarily driven by a -45.9% change in the company's Net Income Margin (%).
(LTM values as of)22820233202026Change
Stock Price ($)21.559.83-54.4%
Change Contribution By: 
Total Revenues ($ Mil)29327.7%
Net Income Margin (%)40.6%21.9%-45.9%
P/E Multiple24.619.7-19.7%
Shares Outstanding (Mil)1414-2.5%
Cumulative Contribution-54.4%

LTM = Last Twelve Months as of date shown

Market Drivers

2/28/2023 to 3/20/2026
ReturnCorrelation
HQI-54.4% 
Market (SPY)70.3%28.2%
Sector (XLI)67.1%31.5%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
HQI Return100%-20%-2%-6%-24%-2%10%
Peers Return25%-7%11%-14%-40%-14%-43%
S&P 500 Return27%-19%24%23%16%-3%76%

Monthly Win Rates [3]
HQI Win Rate58%42%42%42%42%67% 
Peers Win Rate55%45%52%42%42%40% 
S&P 500 Win Rate75%42%67%75%67%33% 

Max Drawdowns [4]
HQI Max Drawdown-6%-39%-18%-23%-45%-4% 
Peers Max Drawdown-7%-28%-19%-32%-47%-17% 
S&P 500 Max Drawdown-1%-25%-1%-2%-15%-3% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: TBI, BBSI, MAN, KELYA, 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 3/20/2026 (YTD)

How Low Can It Go

Unique KeyEventHQIS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-55.1%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven122.5%34.1%
2022 Inflation ShockTime to BreakevenTime to BreakevenNot Fully Recovered days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-20.2%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven25.3%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven146 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-43.7%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven77.5%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven217 days120 days
2008 Global Financial Crisis2008 Global Financial Crisis  
2008 Global Financial Crisis% Loss% Loss-98.7%-56.8%
2008 Global Financial Crisis% Gain to Breakeven% Gain to Breakeven7700.0%131.3%
2008 Global Financial CrisisTime to BreakevenTime to Breakeven3,007 days1,480 days

Compare to TBI, BBSI, MAN, KELYA, RHI

In The Past

HireQuest's stock fell -55.1% during the 2022 Inflation Shock from a high on 6/9/2023. A -55.1% loss requires a 122.5% gain to breakeven.

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About HireQuest (HQI)

HireQuest, Inc. provides temporary staffing solutions in the United States. The company provides temporary staffing services, including skilled and semi-skilled labor and industrial personnel, clerical and administrative personnel, and construction personnel. As of December 31, 2021, the company had a network of approximately 216 franchisee-owned offices in 36 states and the District of Columbia. In addition, the company specializes in commercial drivers. It serves customers primarily in the construction, industrial/manufacturing, warehousing, hospitality, recycling/waste management, disaster recovery, logistics, auctioneering, construction, landscaping, and retail industries. The company was formerly known as Command Center, Inc. and changed its name to HireQuest, Inc. in September 2019.HireQuest, Inc. was founded in 2002 and is headquartered in Goose Creek, South Carolina.

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HireQuest is like "H&R Block for temporary labor."

HireQuest is like "the McDonald's of temporary staffing."

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  • Temporary Staffing Solutions: HireQuest provides flexible labor solutions by supplying temporary personnel across various industries to meet short-term or project-based needs.
  • Industrial & Skilled Labor Staffing: This service supplies skilled and semi-skilled personnel for industrial, manufacturing, warehousing, and other operational sectors.
  • Clerical & Administrative Staffing: HireQuest provides temporary office support, administrative assistants, and other clerical personnel for businesses.
  • Construction Staffing: This service furnishes temporary labor specifically for construction projects, including skilled trades and general construction workers.
  • Commercial Driver Staffing: HireQuest specializes in providing temporary commercial drivers to support logistics and transportation requirements for clients.
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AI Analysis | Feedback

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HireQuest (HQI) sells primarily to other companies rather than individuals. The company provides temporary staffing services to businesses across a diverse range of industries.

Based on the provided information, HireQuest does not disclose specific major customer company names. Instead, it serves a broad client base within the following industries:

  • Construction
  • Industrial/Manufacturing
  • Warehousing
  • Hospitality
  • Recycling/Waste Management
  • Disaster Recovery
  • Logistics
  • Auctioneering
  • Landscaping
  • Retail

The company specializes in providing skilled and semi-skilled labor, industrial personnel, clerical and administrative personnel, construction personnel, and commercial drivers to businesses operating in these sectors.

```

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Rick Hermanns, President and Chief Executive Officer

Mr. Hermanns has served as Chairman of the Board, President, and Chief Executive Officer of HireQuest, Inc. since July 2019. He has 30 years of experience in the temporary staffing industry. Previously, he served as Chief Executive Officer and Secretary of HireQuest, LLC since its founding in 2002, and in similar capacities for predecessor entities since July 1991. Prior to founding HireQuest, Mr. Hermanns was the Chief Financial Officer of Outsource International, formerly known as Labor World USA, Inc., and an Assistant Vice President at NCNB National Bank, now Bank of America. He is also Chairman of the Board of Directors and President of Hirequest Insurance Company since its founding in 2010, and has been Chief Executive Officer of Hire Quest Financial, LLC since its founding in 2006. Together with Edward Jackson, Mr. Hermanns owns a majority stake in Bass Underwriters, Inc., a large managing general insurance agent.

David Hartley, Chief Financial Officer

Mr. Hartley was appointed Chief Financial Officer of HireQuest effective May 31, 2025. He joined HireQuest in 2020 to lead the company's acquisition team and execute its growth strategy, and was subsequently appointed Vice President of Operational Finance and Corporate Development. Mr. Hartley spent nearly a decade in investment banking, most recently as a vice president at D.A. Davidson Companies, and worked intimately on the 2019 merger between HireQuest and Command Center. He has been the main architect for more than 15 acquisitions over the past several years for HireQuest. Prior to his time as an investment banker, Mr. Hartley was a senior corporate development specialist for a medical device company and a business analyst for an insurance group.

John McAnnar, Chief Legal Officer and Vice President

Mr. McAnnar has served as Chief Legal Officer and Vice President for HireQuest, Inc., and its predecessor, HireQuest, LLC, since 2014. His work involves a range of legal affairs including securities, employment, construction, insurance and finance, workers' compensation, and intellectual property. Previously, Mr. McAnnar served in the litigation departments of Carmody MacDonald, P.C., and Armstrong Teasdale, LLP, focusing on complex commercial litigation, corporate, and employment law. He is also the co-founder of ArchCity Defenders, a non-profit organization.

Cory Smith, Chief Accounting Officer

Mr. Smith is the Chief Accounting Officer of HireQuest, Inc. He joined HireQuest in the summer of 2019, during its merger with Command Center, where he had served as Chief Financial Officer. Through 2015, Mr. Smith was the Controller at Command Center. From 2015 to 2017, he served as the Vice President of Finance for Southeast Staffing. Prior to his roles in the temporary staffing industry, Mr. Smith worked as a Certified Public Accountant, primarily performing attestation work.

Joseph Gianzanti, Chief Information Officer

Mr. Gianzanti is the Chief Information Officer of HireQuest, Inc. He also serves as Chief Information Officer for Bass Underwriters and Insurance Technologies. He is responsible for all technology initiatives for HireQuest, including strategic planning, vetting, and valuation of technologies of potential acquisitions, as well as developing and maintaining software systems and building efficiency through process improvement. Mr. Gianzanti began developing systems in 1982.

AI Analysis | Feedback

The key risks to HireQuest's business are primarily tied to the cyclical nature of the temporary staffing industry, the complex regulatory environment, and its dependence on the performance and compliance of its extensive franchisee network.

Economic Downturn and Demand for Temporary Staffing

HireQuest's business is highly sensitive to the overall economic climate. A recession or a general slowdown in hiring directly impacts the demand for temporary workers, which is the company's core service. Periods of economic contraction can lead to reduced system-wide sales and lower revenues for HireQuest, as businesses scale back their workforce needs.

Regulatory and Compliance Risks

The temporary staffing industry is subject to a complex and evolving set of labor laws, wage and hour regulations, workplace safety standards, and employee classification rules. HireQuest and its franchisees face significant compliance risks, including potential issues with worker misclassification, payroll processing errors, and adherence to various state and federal labor laws. Failure to comply can result in legal penalties, fines, and reputational damage.

Dependence on Franchisee Performance and Compliance

As a franchisor, HireQuest's success is heavily reliant on the operational and financial performance of its numerous franchisee-owned offices. The actions or inactions of individual franchisees and their temporary employees can expose HireQuest to significant legal proceedings and reputational harm, especially concerning issues like customer service failures or non-compliance with regulations. Maintaining consistent service quality and legal adherence across a large, independent franchisee network presents an ongoing challenge.

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Emerging Threat

The clear emerging threat to HireQuest is the rapid growth and increasing adoption of digital staffing platforms and gig economy applications. These platforms directly connect businesses with temporary workers for various roles, including those in industrial, construction, warehousing, and hospitality sectors—core markets for HireQuest. They offer on-demand labor solutions, often with greater speed, flexibility, and potentially lower costs than traditional staffing agencies reliant on physical franchisee-owned offices. This shift in how companies source contingent labor poses a direct challenge to HireQuest's established business model by offering an alternative, technology-driven solution for temporary staffing needs.

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The addressable markets for HireQuest's main products and services in the United States are:

  • Overall Temporary Staffing: The U.S. staffing industry's total revenue is projected to be approximately $184.6 billion in 2024, with a forecast to grow to $189.9 billion in 2025. Temporary help services typically represent about 85% of the total staffing industry revenue. Based on these figures, the estimated addressable market for temporary staffing in the U.S. is approximately $156.9 billion in 2024 and is projected to be around $161.4 billion in 2025.
  • Industrial Staffing: The U.S. industrial staffing market is estimated to be approximately $38.4 billion in 2024.
  • Clerical and Administrative Staffing: The U.S. office/clerical staffing market is estimated to be approximately $14.8 billion in 2024.
  • Construction Personnel Staffing: Null
  • Commercial Drivers Staffing: Null

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Here are the expected drivers of future revenue growth for HireQuest (HQI) over the next 2-3 years:

  1. Strategic Acquisitions: HireQuest plans to drive revenue growth through strategic mergers and acquisitions (M&A), actively exploring accretive opportunities. The company notes that smaller firms or long-term owners looking to exit present potential acquisition targets, and HireQuest is well-positioned with financial flexibility and a proven strategy to integrate these opportunities.
  2. Expansion of Geographic Footprint and National Account Presence: The company is focused on growing its franchisee network and expanding its geographic reach. This includes leveraging opportunities to enhance its national account presence and increasing exposure to new and existing customers through divisions like MRINetwork and other professional staffing brands.
  3. Increased Demand for Skilled and Flexible Staffing in Key Sectors: HireQuest anticipates a stabilized labor market in 2026 with renewed demand for skilled work and flexible contract roles. Sectors such as manufacturing, construction, industrial, and healthcare are expected to experience significant growth due to factors like reshoring, infrastructure investment, and persistent skilled talent gaps.
  4. Operational Efficiencies and Strength of the Franchise Model: The company's franchise model is a key asset, supporting profitability even during challenging market conditions. HireQuest's focus on cost reduction, including significant improvements in workers' compensation expenses, contributes to strong operational margins and positions the company to capture additional market share through the incentivized franchisee model.
  5. Benefiting from Enhanced Immigration Enforcement: As an E-Verify employer, HireQuest views enhanced enforcement efforts around hiring documented workers as a positive development. This is expected to create a more level playing field in the competitive staffing industry, potentially increasing demand for HireQuest's services.

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Share Repurchases

  • HireQuest's Board of Directors approved a $20 million share repurchase program on December 17, 2025.
  • The share repurchase program is authorized to repurchase up to $20 million of outstanding common stock and is set to expire twelve months from its start date.

Share Issuance

  • On March 2, 2026, President and CEO Richard Hermanns received a stock award of 25,000 shares of common stock as part of his executive employment agreement.
  • Richard Hermanns, President and CEO, purchased 9,704 shares of the company on December 30, 2025.

Outbound Investments

  • HireQuest completed a merger/acquisition with TEC Staffing Services on December 4, 2023.
  • The company acquired certain assets of Snelling Staffing for a purchase price of $17.3 million on March 1, 2021.
  • On December 1, 2025, HireQuest changed the ownership structure of MRINetwork, transitioning majority ownership to a leadership group while retaining partial ownership.

Capital Expenditures

  • Capital expenditures for the third quarter of 2025 were $12,000.
  • Annual capital expenditures for fiscal year 2024 amounted to $68,000.
  • For the trailing 12 months as of Q3 2025, capital expenditures were -$111,000.

Better Bets vs. HireQuest (HQI)

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-0.6%-0.6%-4.8%

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

HQITBIBBSIMANKELYARHIMedian
NameHireQuestTrueBlue Barrett .Manpower.Kelly Se.Robert H. 
Mkt Price9.833.5827.9426.628.4723.2916.56
Mkt Cap0.10.10.71.20.32.30.5
Rev LTM321,6161,24017,9574,2515,3792,933
Op Inc LTM7-2862239277645
FCF LTM14-7447-16111426731
FCF 3Y Avg11-37331226440448
CFO LTM14-5866-10412332040
CFO 3Y Avg11-13481847545662

Growth & Margins

HQITBIBBSIMANKELYARHIMedian
NameHireQuestTrueBlue Barrett .Manpower.Kelly Se.Robert H. 
Rev Chg LTM-12.6%3.1%8.4%0.6%-1.9%-7.2%-0.6%
Rev Chg 3Y Avg3.5%-10.0%5.6%-3.2%-5.0%-9.4%-4.1%
Rev Chg Q-9.8%8.3%5.3%7.1%-11.9%-5.8%-0.2%
QoQ Delta Rev Chg LTM-2.8%2.0%1.3%1.8%-3.2%-1.5%-0.1%
Op Mgn LTM23.6%-1.7%5.0%1.3%0.6%1.4%1.4%
Op Mgn 3Y Avg27.6%-1.5%5.3%1.6%0.9%4.3%2.9%
QoQ Delta Op Mgn LTM-1.4%-0.0%-0.2%0.0%-0.6%-0.7%-0.4%
CFO/Rev LTM44.5%-3.6%5.3%-0.6%2.9%5.9%4.1%
CFO/Rev 3Y Avg32.8%-1.0%4.2%1.0%1.7%7.7%2.9%
FCF/Rev LTM43.8%-4.6%3.8%-0.9%2.7%5.0%3.2%
FCF/Rev 3Y Avg31.5%-2.3%2.9%0.7%1.4%6.8%2.2%

Valuation

HQITBIBBSIMANKELYARHIMedian
NameHireQuestTrueBlue Barrett .Manpower.Kelly Se.Robert H. 
Mkt Cap0.10.10.71.20.32.30.5
P/S4.30.10.60.10.10.40.3
P/EBIT17.0-3.89.96.6-4.430.38.2
P/E19.7-2.213.0-93.3-1.217.45.9
P/CFO9.7-1.810.7-11.92.47.24.8
Total Yield7.5%-44.7%8.0%1.6%-82.5%16.0%4.6%
Dividend Yield2.5%0.0%0.3%2.7%3.7%10.3%2.6%
FCF Yield 3Y Avg6.2%-23.3%4.0%1.6%16.2%7.1%5.1%
D/E0.01.20.01.70.50.10.3
Net D/E0.00.9-0.21.00.4-0.10.2

Returns

HQITBIBBSIMANKELYARHIMedian
NameHireQuestTrueBlue Barrett .Manpower.Kelly Se.Robert H. 
1M Rtn-8.8%-20.8%-14.3%-9.7%-13.6%-10.1%-11.8%
3M Rtn17.6%-24.3%-23.2%-10.9%-3.1%-14.5%-12.7%
6M Rtn1.0%-44.2%-39.1%-26.9%-38.7%-29.2%-34.0%
12M Rtn-23.7%-38.3%-31.2%-53.0%-36.2%-53.3%-37.2%
3Y Rtn-52.8%-79.2%32.8%-62.7%-43.8%-65.5%-57.7%
1M Excs Rtn-5.1%-3.3%-8.8%-3.1%-7.0%-7.7%-6.1%
3M Excs Rtn31.0%-22.7%-20.8%-6.6%-2.5%-12.2%-9.4%
6M Excs Rtn0.8%-42.7%-38.2%-26.4%-38.0%-28.6%-33.3%
12M Excs Rtn-39.2%-52.4%-46.1%-68.6%-50.4%-68.6%-51.4%
3Y Excs Rtn-119.1%-146.3%-31.7%-128.8%-109.3%-131.8%-123.9%

Comparison Analyses

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Financials

Segment Financials

Revenue by Segment
$ Mil20242023202220212020
Single segment38    
Franchise royalties 29211315
Service revenue 2111
Total3831231416


Net Income by Segment
$ Mil20242023202220212020
Single segment6    
Total6    


Price Behavior

Price Behavior
Market Price$9.83 
Market Cap ($ Bil)0.1 
First Trading Date02/23/2007 
Distance from 52W High-25.1% 
   50 Days200 Days
DMA Price$11.01$9.75
DMA Trendupup
Distance from DMA-10.7%0.8%
 3M1YR
Volatility51.2%51.2%
Downside Capture108.90114.55
Upside Capture249.7568.28
Correlation (SPY)14.2%23.4%
HQI Betas & Captures as of 2/28/2026

 1M2M3M6M1Y3Y
Beta0.400.440.950.860.740.96
Up Beta-0.300.381.331.100.450.85
Down Beta-1.79-1.07-0.570.320.750.88
Up Capture190%183%273%123%70%59%
Bmk +ve Days9203170142431
Stock +ve Days9202957112344
Down Capture66%63%57%85%113%107%
Bmk -ve Days12213054109320
Stock -ve Days12203166135399

[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 HQI
HQI-24.6%51.1%-0.38-
Sector ETF (XLI)22.3%19.1%0.9326.3%
Equity (SPY)15.8%18.9%0.6424.1%
Gold (GLD)48.2%27.0%1.4510.9%
Commodities (DBC)17.8%17.4%0.835.3%
Real Estate (VNQ)1.0%16.4%-0.1131.8%
Bitcoin (BTCUSD)-19.0%44.2%-0.3515.1%

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Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with HQI
HQI-7.2%52.4%0.05-
Sector ETF (XLI)12.3%17.1%0.5626.8%
Equity (SPY)11.8%17.0%0.5425.8%
Gold (GLD)20.7%17.5%0.971.7%
Commodities (DBC)10.9%19.0%0.464.0%
Real Estate (VNQ)2.8%18.8%0.0624.5%
Bitcoin (BTCUSD)4.7%56.7%0.3012.1%

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Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with HQI
HQI7.1%55.8%0.38-
Sector ETF (XLI)13.5%19.8%0.6015.9%
Equity (SPY)14.2%17.9%0.6817.1%
Gold (GLD)13.3%15.7%0.702.0%
Commodities (DBC)8.3%17.6%0.394.1%
Real Estate (VNQ)5.0%20.7%0.2114.7%
Bitcoin (BTCUSD)66.9%66.8%1.068.0%

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Short Interest

Short Interest: As Of Date2272026
Short Interest: Shares Quantity0.3 Mil
Short Interest: % Change Since 21520269.0%
Average Daily Volume0.0 Mil
Days-to-Cover Short Interest20.1 days
Basic Shares Quantity14.0 Mil
Short % of Basic Shares2.0%

Earnings Returns History

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 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
11/6/202515.5%13.4%-1.0%
8/7/2025-1.0%-5.4%2.3%
3/27/2025-9.1%-11.9%-25.0%
11/7/20242.5%3.5%6.1%
8/8/202410.5%12.0%14.3%
3/21/2024-1.2%3.5%-2.5%
11/8/2023-18.1%-11.4%2.0%
8/10/2023-24.6%-24.9%-30.0%
...
SUMMARY STATS   
# Positive9911
# Negative997
Median Positive4.3%8.3%10.6%
Median Negative-4.0%-8.7%-2.5%
Max Positive18.4%16.0%17.0%
Max Negative-24.6%-24.9%-30.0%

SEC Filings

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Report DateFiling DateFiling
09/30/202511/06/202510-Q
06/30/202508/07/202510-Q
03/31/202505/08/202510-Q
12/31/202403/27/202510-K
09/30/202411/08/202410-Q
06/30/202408/08/202410-Q
03/31/202405/09/202410-Q
12/31/202303/21/202410-K
09/30/202311/08/202310-Q
06/30/202308/10/202310-Q
03/31/202305/11/202310-Q
12/31/202203/21/202310-K
09/30/202211/04/202210-Q
06/30/202208/09/202210-Q
03/31/202205/10/202210-Q
12/31/202103/15/202210-K

Insider Activity

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#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Hermanns, RichardPresident and CEODirectBuy102202610.289,70499,75730,339,189Form
2Hermanns, RichardPresident and CEODirectBuy122920259.1318,854172,10526,847,763Form
3Hermanns, RichardPresident and CEODirectBuy1229202510.124224,27129,768,779Form