Tearsheet

HireQuest (HQI)


Market Price (5/12/2026): $11.41 | Market Cap: $159.8 Mil
Sector: Industrials | Industry: Human Resource & Employment Services

HireQuest (HQI)


Market Price (5/12/2026): $11.41
Market Cap: $159.8 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 5.9%, Dividend Yield is 2.1%, FCF Yield is 7.3%

Attractive operating margins
Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 23%

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 39%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 39%

Megatrend and thematic drivers
Megatrends include Future of Work. Themes include Flexible Staffing Solutions, and Workforce Agility.

Trading close to highs
Dist 52W High is -4.6%

Weak multi-year price returns
2Y Excs Rtn is -49%, 3Y Excs Rtn is -120%

Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -11%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is 0.8%, Rev Chg QQuarterly Revenue Change % is -13%

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 15.34

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.

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.9%, Dividend Yield is 2.1%, FCF Yield is 7.3%
1 Attractive operating margins
Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 23%
2 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 39%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 39%
3 Megatrend and thematic drivers
Megatrends include Future of Work. Themes include Flexible Staffing Solutions, and Workforce Agility.
4 Trading close to highs
Dist 52W High is -4.6%
5 Weak multi-year price returns
2Y Excs Rtn is -49%, 3Y Excs Rtn is -120%
6 Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -11%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is 0.8%, Rev Chg QQuarterly Revenue Change % is -13%
7 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 15.34
8 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

AI Analysis | Feedback

HireQuest (HQI) stock has gained about 5% since 1/31/2026 because of the following key factors:

1. Enhanced Financial Position and Shareholder Returns. HireQuest became debt-free, increased its cash to $3.9 million, and authorized a $20 million share repurchase program in conjunction with its Q4 and full-year 2025 financial results reported on March 30, 2026. Additionally, the company declared a consistent quarterly cash dividend of $0.06 per share on February 17, 2026. This financial discipline contributed to a rise in full-year net income to $6.3 million ($0.45 per share) in 2025, up from $3.7 million ($0.26 per share) in 2024.

2. Strategic Business Restructuring and Positive Labor Market Outlook. In December 2025, HireQuest announced a change in the ownership structure of its MRINetwork brand, transitioning majority ownership to a leadership group of current and former franchise owners while retaining partial ownership. This strategic move, with initiatives rolling out in Q1 2026, aims to reset and grow the executive search brand. The company's 2026 U.S. labor market outlook, published in November 2025, projected a year of stabilization, highlighting rising demand for fractional/contract roles and stronger demand for skilled trades, healthcare, tech/AI, and logistics, suggesting a favorable environment for its staffing services.

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Stock Movement Drivers

Fundamental Drivers

The 4.4% change in HQI stock from 1/31/2026 to 5/11/2026 was primarily driven by a 14.9% change in the company's P/E Multiple.
(LTM values as of)13120265112026Change
Stock Price ($)11.1711.664.4%
Change Contribution By: 
Total Revenues ($ Mil)3231-3.3%
Net Income Margin (%)21.9%20.7%-5.8%
P/E Multiple22.425.814.9%
Shares Outstanding (Mil)1414-0.3%
Cumulative Contribution4.4%

LTM = Last Twelve Months as of date shown

Market Drivers

1/31/2026 to 5/11/2026
ReturnCorrelation
HQI4.4% 
Market (SPY)3.6%37.0%
Sector (XLI)6.1%25.8%

Fundamental Drivers

The 38.4% change in HQI stock from 10/31/2025 to 5/11/2026 was primarily driven by a 176.4% change in the company's Net Income Margin (%).
(LTM values as of)103120255112026Change
Stock Price ($)8.4311.6638.4%
Change Contribution By: 
Total Revenues ($ Mil)3331-6.0%
Net Income Margin (%)7.5%20.7%176.4%
P/E Multiple48.225.8-46.5%
Shares Outstanding (Mil)1414-0.5%
Cumulative Contribution38.4%

LTM = Last Twelve Months as of date shown

Market Drivers

10/31/2025 to 5/11/2026
ReturnCorrelation
HQI38.4% 
Market (SPY)5.5%25.2%
Sector (XLI)13.6%22.4%

Fundamental Drivers

The 16.2% change in HQI stock from 4/30/2025 to 5/11/2026 was primarily driven by a 94.7% change in the company's Net Income Margin (%).
(LTM values as of)43020255112026Change
Stock Price ($)10.0311.6616.2%
Change Contribution By: 
Total Revenues ($ Mil)3531-11.4%
Net Income Margin (%)10.6%20.7%94.7%
P/E Multiple38.025.8-32.1%
Shares Outstanding (Mil)1414-0.7%
Cumulative Contribution16.2%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2025 to 5/11/2026
ReturnCorrelation
HQI16.2% 
Market (SPY)30.4%26.5%
Sector (XLI)35.2%24.3%

Fundamental Drivers

The -41.0% change in HQI stock from 4/30/2023 to 5/11/2026 was primarily driven by a -48.7% change in the company's Net Income Margin (%).
(LTM values as of)43020235112026Change
Stock Price ($)19.7811.66-41.0%
Change Contribution By: 
Total Revenues ($ Mil)3131-1.0%
Net Income Margin (%)40.2%20.7%-48.7%
P/E Multiple21.925.817.6%
Shares Outstanding (Mil)1414-1.3%
Cumulative Contribution-41.0%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2023 to 5/11/2026
ReturnCorrelation
HQI-41.0% 
Market (SPY)78.7%29.1%
Sector (XLI)83.0%31.1%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
HQI Return100%-20%-2%-6%-24%14%27%
Peers Return25%-7%11%-14%-40%4%-31%
S&P 500 Return27%-19%24%23%16%8%97%

Monthly Win Rates [3]
HQI Win Rate58%42%42%42%42%80% 
Peers Win Rate55%45%52%42%42%64% 
S&P 500 Win Rate75%42%67%75%67%60% 

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


[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 5/11/2026 (YTD)

How Low Can It Go

EventHQIS&P 500
2023 SVB Regional Banking Crisis
  % Loss-15.3%-6.7%
  % Gain to Breakeven18.0%7.1%
  Time to Breakeven20 days31 days
2022 Inflation Shock & Fed Tightening
  % Loss-38.7%-24.5%
  % Gain to Breakeven63.0%32.4%
  Time to Breakeven211 days427 days
2020 COVID-19 Crash
  % Loss-14.9%-33.7%
  % Gain to Breakeven17.5%50.9%
  Time to Breakeven4 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-36.9%-19.2%
  % Gain to Breakeven58.6%23.7%
  Time to Breakeven115 days105 days
2013 Taper Tantrum
  % Loss-16.7%-0.2%
  % Gain to Breakeven20.0%0.2%
  Time to Breakeven10 days1 days
2011 US Debt Ceiling Crisis & European Contagion
  % Loss-44.1%-17.9%
  % Gain to Breakeven78.9%21.8%
  Time to Breakeven170 days123 days

Compare to TBI, BBSI, MAN, KELYA, RHI

In The Past

HireQuest's stock fell -8.1% during the 2024 Yen Carry Trade Unwind. 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.

EventHQIS&P 500
2022 Inflation Shock & Fed Tightening
  % Loss-38.7%-24.5%
  % Gain to Breakeven63.0%32.4%
  Time to Breakeven211 days427 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-36.9%-19.2%
  % Gain to Breakeven58.6%23.7%
  Time to Breakeven115 days105 days
2011 US Debt Ceiling Crisis & European Contagion
  % Loss-44.1%-17.9%
  % Gain to Breakeven78.9%21.8%
  Time to Breakeven170 days123 days
2008-2009 Global Financial Crisis
  % Loss-86.1%-53.4%
  % Gain to Breakeven621.2%114.4%
  Time to Breakeven3354 days1085 days

Compare to TBI, BBSI, MAN, KELYA, RHI

In The Past

HireQuest's stock fell -8.1% during the 2024 Yen Carry Trade Unwind. 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 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.

AI Analysis | Feedback

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

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

AI Analysis | Feedback

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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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AI Analysis | Feedback

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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.

AI Analysis | Feedback

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.

AI Analysis | Feedback

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

AI Analysis | Feedback

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.

AI Analysis | Feedback

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)

Latest Trefis Analyses

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0ARTICLES

Trade Ideas

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Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
GEO_4302026_Dip_Buyer_ValueBuy04302026GEOGEODip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
0.0%0.0%0.0%
RUN_4302026_Short_Squeeze04302026RUNSunrunSpecialShort Squeeze PotentialShort Squeeze Potential
Has potential for a short squeeze. High short interest, rising short interest and high debt.
0.0%0.0%0.0%
RSG_4172026_Monopoly_xInd_xCD_Getting_Cheaper04172026RSGRepublic ServicesMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
0.8%0.8%-1.1%
VRSK_4102026_Dip_Buyer_FCFYield04102026VRSKVerisk AnalyticsDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
12.3%12.3%0.0%
UHAL_4102026_Monopoly_xInd_xCD_Getting_Cheaper04102026UHALU-HaulMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
0.3%0.3%-1.0%

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

HQITBIBBSIMANKELYARHIMedian
NameHireQuestTrueBlue Barrett .Manpower.Kelly Se.Robert H. 
Mkt Price11.665.3829.4228.959.7526.5419.10
Mkt Cap0.20.20.71.40.32.60.5
Rev LTM311,6441,25518,3774,1275,3272,886
Op Inc LTM7-2860239137437
FCF LTM12-6019-1306621815
FCF 3Y Avg11-4233406134537
CFO LTM12-4639-777326725
CFO 3Y Avg12-20491017139660

Growth & Margins

HQITBIBBSIMANKELYARHIMedian
NameHireQuestTrueBlue Barrett .Manpower.Kelly Se.Robert H. 
Rev Chg LTM-11.4%7.1%7.1%4.8%-7.3%-6.1%-0.7%
Rev Chg 3Y Avg0.8%-8.2%5.7%-1.7%-5.8%-9.2%-3.8%
Rev Chg Q-13.0%7.6%4.9%10.3%-10.7%-3.8%0.6%
QoQ Delta Rev Chg LTM-3.3%1.8%1.2%2.3%-2.9%-1.0%0.1%
Op Inc Chg LTM-33.1%11.3%-0.7%-11.0%-77.6%-68.9%-22.0%
Op Inc Chg 3Y Avg-23.0%-55.1%0.6%-21.6%-10.2%-53.6%-22.3%
Op Mgn LTM22.7%-1.7%4.8%1.3%0.3%1.4%1.3%
Op Mgn 3Y Avg27.0%-1.7%5.1%1.4%0.8%3.9%2.6%
QoQ Delta Op Mgn LTM-0.9%0.0%-0.2%-0.0%-0.3%-0.0%-0.1%
CFO/Rev LTM39.3%-2.8%3.1%-0.4%1.8%5.0%2.4%
CFO/Rev 3Y Avg34.0%-1.3%4.4%0.5%1.6%6.8%3.0%
FCF/Rev LTM39.1%-3.6%1.5%-0.7%1.6%4.1%1.5%
FCF/Rev 3Y Avg33.1%-2.6%3.0%0.2%1.4%5.9%2.2%

Valuation

HQITBIBBSIMANKELYARHIMedian
NameHireQuestTrueBlue Barrett .Manpower.Kelly Se.Robert H. 
Mkt Cap0.20.20.71.40.32.60.5
P/S5.30.10.60.10.10.50.3
P/Op Inc23.5-5.812.35.725.035.517.9
P/EBIT23.3-5.810.77.1-4.135.58.9
P/E25.8-3.018.1-82.4-1.320.48.4
P/CFO13.6-3.519.0-17.54.69.97.2
Total Yield5.9%-32.9%5.8%1.3%-76.0%13.9%3.5%
Dividend Yield2.1%0.0%0.3%2.5%3.2%9.0%2.3%
FCF Yield 3Y Avg7.1%-28.3%4.2%-1.0%13.9%6.8%5.5%
D/E0.00.80.01.10.50.10.3
Net D/E-0.00.7-0.11.00.5-0.00.2

Returns

HQITBIBBSIMANKELYARHIMedian
NameHireQuestTrueBlue Barrett .Manpower.Kelly Se.Robert H. 
1M Rtn13.4%61.6%4.0%7.5%11.9%12.5%12.2%
3M Rtn7.9%4.1%-20.3%-14.9%-8.1%-6.5%-7.3%
6M Rtn18.8%10.5%-15.1%7.4%11.8%7.6%9.0%
12M Rtn20.2%22.3%-26.6%-27.0%-17.0%-36.1%-21.8%
3Y Rtn-44.5%-65.1%49.3%-53.7%-43.3%-54.7%-49.1%
1M Excs Rtn4.7%52.8%-4.7%-1.2%3.2%3.8%3.5%
3M Excs Rtn1.5%-2.4%-26.7%-21.3%-14.5%-13.0%-13.7%
6M Excs Rtn30.7%-3.8%-25.7%-6.5%-4.4%-3.3%-4.1%
12M Excs Rtn-13.9%-4.9%-57.4%-57.9%-50.8%-67.7%-54.1%
3Y Excs Rtn-120.0%-146.7%-28.1%-135.2%-116.8%-137.5%-127.6%

Comparison Analyses

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Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Single segment38    
Franchise royalties 29211315
Service revenue 2111
Total3831231416


Net Income by Segment
$ Mil20252024202320222021
Single segment6    
Total6    


Price Behavior

Price Behavior
Market Price$11.66 
Market Cap ($ Bil)0.2 
First Trading Date02/23/2007 
Distance from 52W High-4.6% 
   50 Days200 Days
DMA Price$10.75$9.90
DMA Trendupdown
Distance from DMA8.4%17.8%
 3M1YR
Volatility47.1%51.5%
Downside Capture0.960.64
Upside Capture196.60110.31
Correlation (SPY)42.1%26.7%
HQI Betas & Captures as of 4/30/2026

 1M2M3M6M1Y3Y
Beta1.721.441.181.071.080.98
Up Beta1.421.431.120.821.300.87
Down Beta5.28-0.47-0.64-0.240.480.85
Up Capture162%167%179%226%110%71%
Bmk +ve Days15223166141428
Stock +ve Days13213060117348
Down Capture573%214%163%123%121%107%
Bmk -ve Days4183056108321
Stock -ve Days8213363131395

[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
HQI17.1%51.5%0.48-
Sector ETF (XLI)30.6%15.6%1.5124.7%
Equity (SPY)28.1%12.5%1.7827.0%
Gold (GLD)42.9%26.9%1.3011.4%
Commodities (DBC)48.6%18.0%2.14-8.0%
Real Estate (VNQ)13.6%13.5%0.7031.2%
Bitcoin (BTCUSD)-22.4%41.7%-0.5010.5%

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Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with HQI
HQI-7.6%52.2%0.04-
Sector ETF (XLI)12.8%17.4%0.5827.0%
Equity (SPY)12.9%17.1%0.5926.5%
Gold (GLD)21.2%17.9%0.962.0%
Commodities (DBC)13.5%19.1%0.582.6%
Real Estate (VNQ)3.6%18.8%0.0925.1%
Bitcoin (BTCUSD)8.5%56.0%0.3611.6%

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Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with HQI
HQI8.9%55.7%0.41-
Sector ETF (XLI)14.0%20.0%0.6216.1%
Equity (SPY)15.0%17.9%0.7217.6%
Gold (GLD)13.4%15.9%0.702.2%
Commodities (DBC)9.5%17.7%0.453.4%
Real Estate (VNQ)5.6%20.7%0.2414.9%
Bitcoin (BTCUSD)68.1%66.9%1.077.9%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date4302026
Short Interest: Shares Quantity0.3 Mil
Short Interest: % Change Since 41520268.1%
Average Daily Volume0.0 Mil
Days-to-Cover Short Interest15.3 days
Basic Shares Quantity14.0 Mil
Short % of Basic Shares2.0%

Earnings Returns History

Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
3/30/20261.9%5.2%19.5%
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%
...
SUMMARY STATS   
# Positive101012
# Negative997
Median Positive4.1%7.9%11.5%
Median Negative-4.0%-8.7%-2.5%
Max Positive18.4%16.0%19.5%
Max Negative-24.6%-24.9%-30.0%

SEC Filings

Expand for More
Report DateFiling DateFiling
12/31/202503/31/202610-K
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

Recent Forward Guidance [BETA]

Latest: Q4 2025 Earnings Reported 3/30/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
2026 Share Repurchases 20.00 Mil    

Prior: Q3 2025 Earnings Reported 11/6/2025

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
Q4 2025 Dividends 0.06 0.0% AffirmedGuidance: 0.06 for Q3 2025

Insider Activity

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