Tearsheet

Robert Half (RHI)

Market Price (12/4/2025): $27.0 | Market Cap: $2.7 Bil
Sector: Industrials | Industry: Human Resource & Employment Services

Robert Half (RHI)

Market Price (12/4/2025): $27.0
Market Cap: $2.7 Bil
Sector: Industrials
Industry: Human Resource & Employment Services

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 11%, Dividend Yield is 6.9%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 7.3%, FCF Yield is 7.0%	Weak multi-year price returns 2Y Excs Rtn is -113%, 3Y Excs Rtn is -132%	Weak revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -7.3%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -9.1%, Rev Chg QQuarterly Revenue Change % is -7.5%
1	Valuation becoming less expensive P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -36%	Meaningful short interest Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 11%
2	Low stock price volatility Vol 12M is 36%
3	Megatrend and thematic drivers Megatrends include Future of Work. Themes include Talent Acquisition & Management, Gig Economy & Flexible Workforces, and Workforce Transformation.

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 11%, Dividend Yield is 6.9%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 7.3%, FCF Yield is 7.0%
1	Valuation becoming less expensive P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -36%
2	Low stock price volatility Vol 12M is 36%
3	Megatrend and thematic drivers Megatrends include Future of Work. Themes include Talent Acquisition & Management, Gig Economy & Flexible Workforces, and Workforce Transformation.
4	Weak multi-year price returns 2Y Excs Rtn is -113%, 3Y Excs Rtn is -132%
5	Meaningful short interest Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 11%
6	Weak revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -7.3%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -9.1%, Rev Chg QQuarterly Revenue Change % is -7.5%

Valuation, Metrics & Events

	12/4/25	2024	2023	2022	2021
Share Price CYE	$27.00	$66.34	$80.32	$65.76	$97.40
Market Cap CYE ($ Bil)	2.7	6.7	8.4	7.0	10.7
Total Debt ($ Bil)	0.2	0.2	0.2	0.2	0.3
Total Cash ($ Bil)	0.4	0.5	0.7	0.7	0.6
Enterprise Value ($ Bil)	2.6	6.9	8.6	7.2	11.0
Valuation Ratios
P/S TTM	0.6	1.2	1.4	1.1	1.9
P/EBIT TTM	28.2	30.0	20.0	8.2	16.6
P/E TTM	21.5	28.8	22.6	12.1	20.6
Sector Ratios
P/S TTM (Sector)	1.6	1.5	1.4	1.1	1.6
P/EBIT TTM (Sector)	12.9	11.8	11.5	9.2	12.3
P/E TTM (Sector)	17.6	16.5	15.4	12.2	16.4

	12/4/25	2024	2023
Share Price CYE	$27.00	$66.34	$80.32
Market Cap CYE ($ Bil)	2.7	6.7	8.4
Total Debt ($ Bil)	0.2	0.2	0.2
Total Cash ($ Bil)	0.4	0.5	0.7
Enterprise Value ($ Bil)	2.6	6.9	8.6
Valuation Ratios
P/S TTM	0.6	1.2	1.4
P/EBIT TTM	28.2	30.0	20.0
P/E TTM	21.5	28.8	22.6
Sector Ratios
P/S TTM (Sector)	1.6	1.5	1.4
P/EBIT TTM (Sector)	12.9	11.8	11.5
P/E TTM (Sector)	17.6	16.5	15.4

	RHI	S&P 500
REVENUE GROWTH	VERY POOR
Rev LTM ($ Bil)	5.5
Rev Chg Q	-7.5%	7.1%
Rev Chg LTM	-7.3%	6.1%
Rev Chg 3Y Avg	-9.1%	5.5%
PROFITABILITY	VERY POOR
Op Inc LTM ($ Bil)	0.1
CFO LTM ($ Bil)	0.3
Net Inc LTM ($ Bil)	0.2
Op Mgn LTM	2.2%	18.8%
CFO/Rev LTM	5.4%	20.5%
Net Inc Mgn	2.8%	13.1%
VALUATION	LOW
P/S	0.6	3.2
P/CFO	11.4	15.8
P/FCF	14.1	20.5
P/E	21.5	23.5
STABILITY	VERY GOOD
Debt/Equity	0.07	0.20
Cash/Assets	0.13	0.07

AI Generated Analysis | Feedback

Metric	Value	Date	Source
Billing Days	64.2	9302025	Link
U.S. Talent Solutions Revenue Year-Over-Year Growth	-11%	9302025	Link
Non-U.S. Talent Solutions Revenue Year-Over-Year Growth	-12%	9302025	Link
Permanent Placement Revenue as a Percentage of Talent Solutions Revenue	12.9%	9302025	Link
Conversion Revenue as a Percentage of Contract Revenue	3.2%	9302025	Link
Full-Time Internal Employees (Talent Solutions)	7600	12312024	Link
U.S. Protiviti Revenue	$398 million	9302025	Link
Non-U.S. Protiviti Revenue	$100 million	9302025	Link

Recent
11/25/2025	Dividend	Amount: $0.59 Payment On: 12/15/2025
Upcoming
2/04/2026	Earnings Release	Rev: - EPS: -

RHI Stock

Return (1M):

Why The Stock Moved

Qualitative Assessment

AI Generated Analysis | Feedback

Robert Half (RHI) experienced a significant stock decline of approximately 24.9% between August 31, 2025, and December 4, 2025, driven by several key factors.

1. Robert Half's Q3 2025 Earnings Missed Revenue Estimates and Saw a Year-over-Year Decline. The company reported Q3 2025 revenues of $1.35 billion, falling short of the estimated $1.37 billion. This represented a 7.5% year-over-year decline in revenue, contributing to a negative market reaction. Net income also decreased to $43 million ($0.43 per share) from $65 million ($0.64 per share) in the prior-year quarter. This performance was attributed to challenges in a dynamic labor market and subdued hiring activity.

2. Negative Market Reaction to Q3 2025 Earnings. Following the Q3 earnings release on October 22, 2025, Robert Half's stock price dropped by 4.36% in aftermarket trading. This decline brought the stock closer to its 52-week low, reflecting investor concerns over the revenue shortfall and broader industry challenges.

3. Analyst Downgrades and Reduced Price Targets. Several investment analysts revised their ratings and price targets for RHI in late October and November 2025. Barclays cut its price target from $45.00 to $36.00, while UBS Group decreased its price objective from $30.00 to $27.00, issuing a "sell" rating. BMO Capital Markets also reduced its price objective from $36.00 to $31.00. Zacks Research downgraded Robert Half from a "hold" to a "strong sell" rating. The consensus analyst rating became "Reduce" or "Hold" with an average price target of approximately $38.25.

4. Continued Downturn in Talent Solutions and Weak Outlook. Revenue guidance indicated a continued downturn in Talent Solutions, with expectations of a 10% to 14% decrease, suggesting ongoing challenges in the company's core staffing operations. Robert Half's Q4 2025 guidance reflected lower estimated revenue and EPS compared to previous periods.

5. Broader Industry and Macroeconomic Headwinds. During the Q3 earnings call, executives noted continued client and job seeker caution, subduing hiring activity and new project starts. The overall staffing and employment services industry faced challenges, contributing to Robert Half's underperformance relative to market averages in terms of earnings and revenue growth forecasts for 2025.

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Stock Movement Drivers

Fundamental Drivers

The -24.6% change in RHI stock from 9/3/2025 to 12/3/2025 was primarily driven by a -14.1% change in the company's P/E Multiple.

	9032025	12032025	Change
Stock Price ($)	36.35	27.42	-24.56%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	5569.03	5458.50	-1.98%
Net Income Margin (%)	3.20%	2.85%	-10.89%
P/E Multiple	20.50	17.61	-14.07%
Shares Outstanding (Mil)	100.41	99.90	0.51%
Cumulative Contribution			-24.56%

LTM = Last Twelve Months as of date shown

Market Drivers

9/3/2025 to 12/3/2025

	Return	Correlation
RHI	-24.6%
Market (SPY)	6.2%	33.3%
Sector (XLI)	2.9%	36.1%

Fundamental Drivers

The -36.2% change in RHI stock from 6/4/2025 to 12/3/2025 was primarily driven by a -21.3% change in the company's Net Income Margin (%).

	6042025	12032025	Change
Stock Price ($)	42.97	27.42	-36.19%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	5671.81	5458.50	-3.76%
Net Income Margin (%)	3.62%	2.85%	-21.26%
P/E Multiple	21.07	17.61	-16.43%
Shares Outstanding (Mil)	100.67	99.90	0.76%
Cumulative Contribution			-36.19%

LTM = Last Twelve Months as of date shown

Market Drivers

6/4/2025 to 12/3/2025

	Return	Correlation
RHI	-36.2%
Market (SPY)	15.1%	38.9%
Sector (XLI)	7.6%	38.8%

Fundamental Drivers

The -60.3% change in RHI stock from 12/3/2024 to 12/3/2025 was primarily driven by a -41.1% change in the company's Net Income Margin (%).

	12032024	12032025	Change
Stock Price ($)	69.08	27.42	-60.30%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	5886.36	5458.50	-7.27%
Net Income Margin (%)	4.84%	2.85%	-41.07%
P/E Multiple	24.80	17.61	-28.98%
Shares Outstanding (Mil)	102.17	99.90	2.23%
Cumulative Contribution			-60.32%

LTM = Last Twelve Months as of date shown

Market Drivers

12/3/2024 to 12/3/2025

	Return	Correlation
RHI	-60.3%
Market (SPY)	14.3%	57.1%
Sector (XLI)	9.8%	56.0%

Fundamental Drivers

The -60.3% change in RHI stock from 12/4/2022 to 12/3/2025 was primarily driven by a -69.4% change in the company's Net Income Margin (%).

	12042022	12032025	Change
Stock Price ($)	69.01	27.42	-60.27%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	7281.03	5458.50	-25.03%
Net Income Margin (%)	9.31%	2.85%	-69.41%
P/E Multiple	10.98	17.61	60.48%
Shares Outstanding (Mil)	107.86	99.90	7.38%
Cumulative Contribution			-60.48%

LTM = Last Twelve Months as of date shown

Market Drivers

12/4/2023 to 12/3/2025

	Return	Correlation
RHI	-64.6%
Market (SPY)	53.2%	52.5%
Sector (XLI)	45.4%	54.9%

Return vs. Risk

Price Returns Compared

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
RHI Return	1%	81%	-32%	22%	-17%	-59%	-48%
Peers Return	21%	36%	-15%	-1%	1%	-30%	-2%
S&P 500 Return	16%	27%	-19%	24%	23%	16%	112%
Monthly Win Rates [3]
RHI Win Rate	42%	83%	33%	50%	42%	20%
Peers Win Rate	70%	65%	43%	48%	50%	38%
S&P 500 Win Rate	58%	75%	42%	67%	75%	70%
Max Drawdowns [4]
RHI Max Drawdown	-46%	-2%	-35%	-11%	-32%	-62%
Peers Max Drawdown	-48%	-11%	-28%	-22%	-17%	-33%
S&P 500 Max Drawdown	-31%	-1%	-25%	-1%	-2%	-15%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: ADP, PAYX, PAYC, ASGN, NSP. See RHI Returns vs. Peers.
[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] 2025 data is for the year up to 12/3/2025 (YTD)

How Low Can It Go

Unique Key	Event	RHI	S&P 500
2022 Inflation Shock	2022 Inflation Shock
2022 Inflation Shock% Loss	% Loss	-47.8%	-25.4%
2022 Inflation Shock% Gain to Breakeven	% Gain to Breakeven	91.5%	34.1%
2022 Inflation ShockTime to Breakeven	Time to Breakeven	Not Fully Recovered days	464 days
2020 Covid Pandemic	2020 Covid Pandemic
2020 Covid Pandemic% Loss	% Loss	-46.4%	-33.9%
2020 Covid Pandemic% Gain to Breakeven	% Gain to Breakeven	86.6%	51.3%
2020 Covid PandemicTime to Breakeven	Time to Breakeven	232 days	148 days
2018 Correction	2018 Correction
2018 Correction% Loss	% Loss	-33.6%	-19.8%
2018 Correction% Gain to Breakeven	% Gain to Breakeven	50.7%	24.7%
2018 CorrectionTime to Breakeven	Time to Breakeven	791 days	120 days
2008 Global Financial Crisis	2008 Global Financial Crisis
2008 Global Financial Crisis% Loss	% Loss	-65.4%	-56.8%
2008 Global Financial Crisis% Gain to Breakeven	% Gain to Breakeven	188.8%	131.3%
2008 Global Financial CrisisTime to Breakeven	Time to Breakeven	1753 days	1480 days

Compare to ADP, PAYX, PAYC, ASGN, NSP

In The Past

Robert Half's stock fell -47.8% during the 2022 Inflation Shock from a high on 2/9/2022. A -47.8% loss requires a 91.5% gain to breakeven.

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About Robert Half (RHI)

Robert Half International Inc. provides staffing and risk consulting services in North America, South America, Europe, Asia, and Australia. The company operates through three segments: Temporary and Consultant Staffing, Permanent Placement Staffing, and Risk Consulting and Internal Audit Services. It places temporary services for accounting, finance, and bookkeeping; temporary and full-time office and administrative personnel consisting of executive and administrative assistants, receptionists, and customer service representatives; full-time accounting, financial, tax, and accounting operations personnel; and information technology contract professionals and full-time employees in the areas of platform systems integration to end-user technical and desktop support, including specialists in application development, networking and cloud, systems integration and deployment, database design and administration, and security and business continuity. The company also offers temporary and full-time employees in attorney, paralegal, legal administrative, and legal secretarial positions; and senior-level project professionals in the accounting and finance fields for financial systems conversions, expansion into new markets, business process re-engineering, business systems performance improvement, and post-merger financial consolidation. It is involved in serving professionals in the areas of creative, design, marketing, advertising, and public relations; and placing various positions, such as creative directors, graphics designers, web designers, media buyers, front end developers, copywriters, digital marketing managers, marketing analytics specialists, brand managers, and public relations specialists. The company provides internal audit, technology consulting, risk and compliance consulting, and business performance services. It serves clients and employment candidates. Robert Half International Inc. was founded in 1948 and is headquartered in Menlo Park, California.

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Here are 1-3 brief analogies for Robert Half (RHI):

Robert Half is like **LinkedIn Jobs** or **Indeed**, but with a dedicated team of human recruiters who actively source, vet, and place specialized professionals in roles like finance, technology, and marketing.
It's the **Accenture** or **Deloitte** of professional staffing, focusing on connecting businesses with temporary and permanent skilled talent in specific fields, rather than general consulting.
Think of it as a **talent agency** for businesses, much like CAA or WME represents actors, but Robert Half connects companies with professionals like accountants, IT specialists, and administrative staff.

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Staffing Services
- Temporary and Contract Staffing: Supplies skilled professionals for short-term projects, interim support, or specific contract durations across various industries.
- Permanent Placement Staffing: Connects companies with qualified candidates for full-time, permanent positions across a wide range of professional fields.
Consulting and Business Solutions
- Protiviti Consulting: Provides specialized project-based consulting in areas such as internal audit, risk and compliance, technology, and business process improvement.
- Managed Solutions: Offers outsourced teams or managed services for specific business functions, providing ongoing operational support and expertise.

AI Generated Analysis | Feedback

Robert Half (symbol: RHI) is a global staffing and consulting firm. Its business model primarily involves providing talent solutions and consulting services to other companies, rather than directly to individuals seeking employment.

Due to the nature of its business as a service provider with a vast and diversified client base, Robert Half does not publicly disclose a list of "major customers" by name, nor does it typically have customer concentration with a few large clients in the way a product manufacturer might. Its revenue is generated from thousands of businesses that utilize its staffing and consulting services.

Therefore, its customers are broadly defined as:

Businesses Across Diverse Industries: Robert Half serves companies in virtually every sector, including finance and accounting, technology, marketing and creative, legal, administrative, and more. Any business needing to fill positions or requiring specialized project consulting can be a client.
Companies of All Sizes: Its clientele ranges from small and medium-sized enterprises (SMEs) to large, multinational corporations. These companies seek temporary, project-based, or permanent talent solutions, as well as specialized consulting expertise through Protiviti, its consulting subsidiary.
Organizations Seeking Talent & Expertise: The core need among Robert Half's customers is the demand for skilled professionals to address workforce gaps, manage projects, or provide specialized knowledge that is not available internally.

Because Robert Half's customer relationships are highly varied and confidential, specific names of client companies are not publicly available or typically disclosed.

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M. Keith Waddell, Vice Chairman, President and Chief Executive Officer Mr. M. Keith Waddell became CEO of Robert Half in December 2019, having previously served as its Chief Financial Officer for 33 years. He was instrumental in launching Protiviti, the company's global internal audit and business, risk, and technology consulting subsidiary. Waddell has been a long-time advocate for investments in technology and innovation, including proprietary AI matching technology, to enhance the customer experience. Michael C. Buckley, Executive Vice President, Chief Financial Officer Mr. Michael C. Buckley was promoted to Executive Vice President, Chief Financial Officer in November 2019. He has held various positions within Robert Half International Inc. since 1995, including Vice President of Finance, Treasurer, and Controller of Corporate Accounting. He also serves as Co-Managing Director at Robert Half Deutschland GmbH & Co. KG. Harold M. Messmer, Jr., Chairman of the Board Mr. Harold M. Messmer, Jr. served as CEO of Robert Half for 33 years before transitioning to Executive Chairman in December 2019. He joined the company in 1986. Paul F. Gentzkow, President and CEO, Talent Solutions Mr. Paul F. Gentzkow was appointed President and CEO of Talent Solutions (formerly Staffing Services) in November 2019, after many years as President and Chief Operating Officer of Staffing Services. Joseph A. Tarantino, President and CEO, Protiviti Mr. Joseph A. Tarantino continues to serve as President and CEO of Protiviti, Robert Half's global business consulting and internal audit subsidiary.

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The increasing sophistication and adoption of **AI and automation in talent acquisition**, coupled with the **proliferation and growth of online freelance and gig economy platforms**, poses a clear emerging threat to Robert Half. These technologies and platforms empower companies to directly source, screen, and engage talent more efficiently and often at a lower cost, thereby reducing reliance on traditional human-led staffing agencies for candidate matching, placement, and project-based solutions. Examples include AI-powered applicant tracking systems automating initial candidate screening and matching, and specialized online marketplaces connecting businesses directly with skilled professionals for contract and project work, bypassing intermediaries.

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Robert Half (symbol: RHI) operates primarily in the specialized staffing and business consulting markets.

Addressable Markets for Robert Half's Main Products and Services:

Staffing Services (Temporary and Permanent Placement)

U.S. Staffing Industry: The U.S. staffing industry is a significant market. Forecasts for 2025 estimate its size to be approximately $188.7 billion to $198.7 billion.
Global Staffing Market: The global recruitment and staffing market size is estimated at around $519.85 billion in 2024, with projections to reach approximately $650 billion to $1,288.6 billion by 2025. Specifically, the global contract or temporary staffing services market is valued at approximately $480.15 billion in 2025.

Consulting Solutions (Management Consulting and IT Consulting)

U.S. Management Consulting Market: The U.S. management consulting market size is estimated to be between approximately $125.56 billion and $407.3 billion in 2025. Another estimate valued the market at $141.36 billion in 2023, projected to reach $279.10 billion by 2033.
Global IT Consulting Market: The global IT consulting market size is expected to reach between approximately $78.03 billion and $117.1 billion in 2025. However, some broader estimates for the IT Consulting Services Market indicate a value of approximately $561.8 billion in 2024, projected to reach $906.47 billion by 2032, and an Information Technology Consulting Services Market size of $1,094.01 billion in 2025. North America alone contributes a substantial share to the global IT consulting market.

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Robert Half International (RHI) anticipates several key drivers for revenue growth over the next 2-3 years, stemming from broader market improvements and strategic internal initiatives.

Improving Macroeconomic Conditions and Business Confidence: A rebound in general business confidence and more favorable macroeconomic conditions are expected to lead to increased hiring activity and new project starts. This positive shift is a fundamental driver for Robert Half's talent solutions and consulting services, with management forecasting a return to sequential revenue growth for contract talent.
Continued Growth and Expansion of Protiviti: The company's Protiviti consulting segment is a significant growth engine. It has demonstrated strong performance, particularly in regulatory risk and compliance and internal audit solutions for financial services. A growing pipeline of projects for Protiviti and anticipated margin improvements in 2026 are expected to contribute to future revenue expansion.
Strategic Investments in Technology and Artificial Intelligence (AI): Robert Half is actively investing in technology and innovation, including AI, to enhance its core business capabilities. These investments aim to capitalize on the increasing demand for tech-enabled staffing solutions, positioning the company for future growth in a evolving market.
Meeting Demand for Specialized Talent and Flexible Workforce Solutions: Robert Half's focus on specialized talent solutions across sectors such as finance and accounting, technology, legal, and administrative roles positions it to benefit from ongoing demand. The increasing client preference for flexible resources and the impact of an aging workforce are expected to drive demand for the company's contract and permanent placement services.
Global Expansion and Market Diversification: Leveraging its established global footprint, Robert Half has opportunities to further expand into emerging international markets. This expansion, potentially augmented by strategic partnerships and acquisitions, is aimed at driving revenue growth and diversifying its client base across different geographies.

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Share Repurchases

Robert Half repurchased approximately $249 million of its common stock, or 3.5 million shares, during 2024.
In 2023, the company repurchased approximately 3 million shares for $232 million. Additionally, $26 million in share repurchases were made in connection with employee stock plans during 2023.
In 2022, total share repurchases amounted to $319.897 million. This included $26 million in repurchases related to employee stock plans.
Robert Half funded share repurchases primarily with cash generated from operations.

Share Issuance

No significant dollar amount of shares issued for capital raising purposes by third parties was identified in the last 3-5 years.

Inbound Investments

No information is available regarding large inbound investments made in Robert Half by third parties over the last 3-5 years.

Outbound Investments

No information is available regarding significant strategic investments made by Robert Half in other companies during the last 3-5 years.

Capital Expenditures

Capital expenditures, reflecting net cash used in investing activities, were $87 million in 2024.
Capital expenditures, reflecting net cash used in investing activities, were $112 million in 2023. The company had anticipated 2023 capital expenditures to be between $80 million and $90 million, largely focused on software initiatives and technology infrastructure, including capitalized costs for cloud computing arrangements.
In 2022, capital expenditures, reflecting net cash used in investing activities, were $104 million. In 2021, they were $59 million.

Better Bets than Robert Half (RHI)

	RHI	Better Performance than RHI
Metric	Value	INDUSTRY: Human Resource & Employment Services
Rev Chg LTM	-7.3%	PCTY (13.3%), DAY (11.7%), PAYC (9.7%), ADP (7.1%), PAYX (5.6%)
Rev Chg 3Y Avg	-9.1%	PCTY (21.4%), DAY (16.7%), PAYC (16.0%), ADP (7.4%), PAYX (6.5%)
Op Mgn LTM	2.2%	PAYX (39.6%), PAYC (27.9%), ADP (26.2%), PCTY (19.1%), DAY (7.0%)
CFO/Rev LTM	5.4%	PAYX (34.1%), PAYC (32.1%), PCTY (25.2%), ADP (22.8%), DAY (14.5%)
FCF/Rev LTM	4.3%	PAYX (30.7%), PCTY (20.5%), ADP (20.1%), PAYC (19.5%), DAY (8.8%)
Total Yield	11.5%	KFRC (13.0%)
P/S	0.6	MAN (0.1), KELYA (0.1), TBI (0.1), NSP (0.3), KFRC (0.4)
P/Op Inc	28.7	KFY (10.6), PAYX (20.7), PAYC (20.9), ADP (21.7), PCTY (28.2)

	RHI	Better Performance than RHI
Metric	Value	SECTOR: Industrials
Rev Chg LTM	-7.3%	UBER (18.2%), GE (17.7%), GEV (9.4%), RTX (8.8%), CAT (-4.9%)
Rev Chg 3Y Avg	-9.1%	UBER (19.6%), GE (15.7%), BA (10.1%), RTX (9.4%), CAT (5.8%)
Op Mgn LTM	2.2%	GE (20.5%), CAT (18.2%), RTX (10.3%), UBER (9.2%), GEV (3.7%)
CFO/Rev LTM	5.4%	UBER (18.1%), CAT (18.0%), GE (17.2%), RTX (9.3%), GEV (9.1%)
FCF/Rev LTM	4.3%	UBER (17.5%), GE (14.7%), CAT (12.3%), GEV (6.6%), RTX (5.5%)
Total Yield	11.5%	GFL (21.0%), UPS (15.4%), DAL (13.2%), LTM (12.0%), CNI (11.6%)
P/S	0.6	WCC (0.4), UAL (0.5), DAL (0.6), FDX (0.6), LUV (0.6)
P/Op Inc	28.7	UNP (14.0), CAT (15.8), DE (15.9), HON (17.4), RTX (25.5)

	RHI	Better Performance than RHI
Metric	Value	ALL OTHER SECTORS
Rev Chg LTM	-7.3%	NVDA (71.6%), MSFT (15.6%), GOOGL (13.4%), AMZN (10.9%), AAPL (6.0%)
Rev Chg 3Y Avg	-9.1%	NVDA (92.0%), MSFT (13.2%), AMZN (11.3%), GOOGL (11.0%), AAPL (1.8%)
Op Mgn LTM	2.2%	NVDA (58.1%), MSFT (46.3%), GOOGL (32.2%), AAPL (31.9%), AMZN (11.4%)
CFO/Rev LTM	5.4%	MSFT (50.0%), NVDA (46.6%), GOOGL (39.3%), AAPL (26.6%), AMZN (18.1%)
FCF/Rev LTM	4.3%	NVDA (43.6%), AVGO (41.6%), MSFT (26.6%), AAPL (23.5%), GOOGL (19.1%)
Total Yield	11.5%	VZ (16.8%), TD (16.6%), PFE (13.5%), MRK (13.0%), ENB (12.9%)
P/S	0.6	CVS (0.2), MCK (0.2), CI (0.3), GM (0.3), ELV (0.4)
P/Op Inc	28.7	XOM (12.4), META (22.6), GOOGL (23.7), WMT (26.9), MSFT (28.3)

		Best Bets In Industrials Sector
	RHI
What You Pay
P/E	21.8
P/EBIT	28.7
What You Get
Rev Chg Q	-7.5%
Rev Chg LTM	-7.3%
Rev Chg 3Y Avg	-9.1%
FCF/Rev 3Y Avg	6.6%

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 16%, alpha of 4.2%, and sharpe of 0.76

Latest Trefis Analyses

	Title	Topic	Date
0	DASHBOARDS
1	Robert Half Earnings Notes
2	Can Robert Half Stock Hold Up When Markets Turn?	Return
3	Robert Half vs Johnson & Johnson: Which Is A Better Investment?	Counter-Intuitive Comparisons
4	Robert Half vs Union Pacific: Which Is A Better Investment?	Counter-Intuitive Comparisons
5	Robert Half vs Trinet: Which Is A Better Investment?	Counter-Intuitive Comparisons
6	How Does Robert Half Stock Compare With Peers?null	Peer Comparison
7	Better Bet Than RHI Stock: Pay Less Than Robert Half To Get More From UNH, MRK
8	Better Bet Than RHI Stock: Pay Less Than Robert Half To Get More From UNP, NSC
9	Day 14 of Loss Streak for Robert Half Stock with -21% Return (vs. -51% YTD) [8/11/2025]	Notification
10	Day 13 of Loss Streak for Robert Half Stock with -20% Return (vs. -50% YTD) [8/8/2025]	Notification
11	ARTICLES
12	Stocks Trading At 52-Week Low		October 23rd, 2025
13	RHI Stock Down -21% after 14-Day Loss Streak		August 12th, 2025
14	RHI Stock Down -20% after 13-Day Loss Streak		August 9th, 2025
15	RHI Stock Down -19% after 11-Day Loss Streak		August 7th, 2025
16	RHI Stock Down -17% after 10-Day Loss Streak		August 6th, 2025

	Title
0	DASHBOARDS
1	Robert Half Earnings Notes
2	Can Robert Half Stock Hold Up When Markets Turn?
3	Robert Half vs Johnson & Johnson: Which Is A Better Investment?
4	Robert Half vs Union Pacific: Which Is A Better Investment?
5	Robert Half vs Trinet: Which Is A Better Investment?
6	How Does Robert Half Stock Compare With Peers?null
7	Better Bet Than RHI Stock: Pay Less Than Robert Half To Get More From UNH, MRK
8	Better Bet Than RHI Stock: Pay Less Than Robert Half To Get More From UNP, NSC
9	Day 14 of Loss Streak for Robert Half Stock with -21% Return (vs. -51% YTD) [8/11/2025]
10	Day 13 of Loss Streak for Robert Half Stock with -20% Return (vs. -50% YTD) [8/8/2025]
11	ARTICLES
12	Stocks Trading At 52-Week Low
13	RHI Stock Down -21% after 14-Day Loss Streak
14	RHI Stock Down -20% after 13-Day Loss Streak
15	RHI Stock Down -19% after 11-Day Loss Streak
16	RHI Stock Down -17% after 10-Day Loss Streak

Trade Ideas

Select past ideas related to RHI. For more, see Trefis Trade Ideas.

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
CNM_11212025_Dip_Buyer_FCFYield	11212025	CNM	Core & Main	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	7.3%	7.3%	-1.6%
VRRM_11212025_Dip_Buyer_FCFYield	11212025	VRRM	Verra Mobility	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	2.3%	2.3%	-1.2%
LII_11212025_Dip_Buyer_ValueBuy	11212025	LII	Lennox International	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	4.8%	4.8%	0.0%
ADP_11212025_Monopoly_xInd_xCD_Getting_Cheaper	11212025	ADP	Automatic Data Processing	Monopoly	MY \| 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	1.6%	1.6%	-1.2%
CW_11212025_Quality_Momentum_RoomToRun_10%	11212025	CW	Curtiss-Wright	Quality	Q \| Momentum \| UpsideQuality Stocks with Momentum and Upside Buying quality stocks with strong momentum but still having room to run	2.2%	2.2%	0.0%
RHI_7312023_Dip_Buyer_FCFYield	07312023	RHI	Robert Half	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	10.9%	-11.1%	-17.0%
RHI_6302020_Dip_Buyer_FCFYield	06302020	RHI	Robert Half	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	19.2%	71.9%	-7.0%
RHI_5312019_Dip_Buyer_FCFYield	05312019	RHI	Robert Half	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	9.7%	-3.2%	-35.2%

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
CNM_11212025_Dip_Buyer_FCFYield	11212025	CNM	Core & Main	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	7.3%	7.3%	-1.6%
VRRM_11212025_Dip_Buyer_FCFYield	11212025	VRRM	Verra Mobility	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	2.3%	2.3%	-1.2%
LII_11212025_Dip_Buyer_ValueBuy	11212025	LII	Lennox International	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	4.8%	4.8%	0.0%
ADP_11212025_Monopoly_xInd_xCD_Getting_Cheaper	11212025	ADP	Automatic Data Processing	Monopoly	MY \| 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	1.6%	1.6%	-1.2%
CW_11212025_Quality_Momentum_RoomToRun_10%	11212025	CW	Curtiss-Wright	Quality	Q \| Momentum \| UpsideQuality Stocks with Momentum and Upside Buying quality stocks with strong momentum but still having room to run	2.2%	2.2%	0.0%
RHI_7312023_Dip_Buyer_FCFYield	07312023	RHI	Robert Half	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	10.9%	-11.1%	-17.0%
RHI_6302020_Dip_Buyer_FCFYield	06302020	RHI	Robert Half	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	19.2%	71.9%	-7.0%
RHI_5312019_Dip_Buyer_FCFYield	05312019	RHI	Robert Half	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	9.7%	-3.2%	-35.2%

Recent Active Movers

1 Day Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
MPLT	MapLight Therapeutics	0.7	31.3%
AEVA	Aeva Technologies	0.8	25.7%	188.2%
DC	Dakota Gold	0.6	19.7%	150.9%
SERV	Serve Robotics	0.7	18.2%	-12.6%
ACDC	ProFrac	0.7	17.6%	-45.0%
HY	Hyster Yale	0.6	15.6%	-29.9%
AEO	American Eagle Outfitters	4.1	15.1%	49.7%
BEAM	Beam Therapeutics	2.7	14.4%	7.8%
GOSS	Gossamer Bio	0.8	14.4%	278.1%
FTRE	Fortrea	1.3	14.4%	-21.8%

1 Day Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
PSTG	Pure Storage	22.6	-27.3%	12.1%
GTLB	GitLab	6.3	-12.8%	-32.9%
CTEV	Claritev	0.7	-11.3%
FBYD	Falcons Beyond Global	0.7	-11.2%	131.2%
ACHC	Acadia Healthcare	1.3	-10.9%	-63.0%
ULS	UL Solutions	16.0	-10.7%	60.4%
HPK	HighPeak Energy	0.7	-10.6%	-59.8%
OS	OneStream	3.5	-10.4%	-35.0%
ARE	Alexandria Real Estate Equities	8.2	-10.1%	-47.9%
THO	Thor Industries	5.3	-9.5%	6.6%

1 Week Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
HPP	Hudson Pacific Properties	6.3	641.5%	-34.3%
TLRY	Tilray Brands	7.5	618.1%	-46.9%
TMC	TMC The Metals	2.8	42.2%	589.3%
VERA	Vera Therapeutics	2.6	40.2%	-2.4%
ARWR	Arrowhead Pharmaceuticals	9.0	39.1%	246.1%
TE	T1 Energy	0.7	37.4%
MPLT	MapLight Therapeutics	0.7	32.1%
AEVA	Aeva Technologies	0.8	31.1%	188.2%
AMKR	Amkor Technology	10.9	30.2%	73.4%
DC	Dakota Gold	0.6	30.2%	150.9%

1 Week Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
JANX	Janux Therapeutics	1.1	-50.7%	-68.0%
VTYX	Ventyx Biosciences	0.6	-25.0%	258.0%
CTEV	Claritev	0.7	-23.5%
AMBA	Ambarella	3.0	-22.9%	-3.6%
FULC	Fulcrum Therapeutics	0.6	-21.5%	92.8%
PD	PagerDuty	1.1	-20.5%	-33.9%
NTNX	Nutanix	12.7	-19.3%	-22.4%
CNK	Cinemark	2.6	-18.0%	-25.2%
PSTG	Pure Storage	22.6	-17.2%	12.1%
ZS	Zscaler	38.1	-15.9%	35.1%

1 Month Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
OLMA	Olema Pharmaceuticals	2.3	223.6%	367.4%
COGT	Cogent Biosciences	5.4	152.6%	402.1%
CDTX	Cidara Therapeutics	5.9	115.1%	722.1%
IRWD	Ironwood Pharmaceuticals	0.6	100.5%	-15.8%
TERN	Terns Pharmaceuticals	2.5	95.9%	396.2%
FRGE	Forge Global	0.6	90.3%	217.8%
SGML	Sigma Lithium	1.1	87.3%	-10.6%
INSP	Inspire Medical Systems	4.0	82.8%	-27.3%
NPCE	NeuroPace	0.6	77.2%	48.9%
ALMS	Alumis	0.6	71.9%	-0.3%

1 Month Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
UP	Wheels Up Experience	0.4	-52.7%	-62.4%
CCOI	Cogent Communications	0.9	-51.9%	-72.9%
SMR	NuScale Power	3.0	-50.7%	12.3%
FRMI	Fermi	10.3	-47.5%
AMSC	American Superconductor	1.4	-47.2%	30.1%
TLRY	Tilray Brands	7.5	-46.1%	-46.9%
BTDR	Bitdeer Technologies	2.4	-44.8%	-41.8%
EXOD	Exodus Movement	0.4	-43.1%	-53.3%
STUB	Stubhub	3.5	-39.8%
METC	Ramaco Resources	1.0	-39.4%	66.9%

Recent Active Movers

1 Day Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
MPLT	MapLight Therapeutics	0.7	31.3%
AEVA	Aeva Technologies	0.8	25.7%	188.2%
DC	Dakota Gold	0.6	19.7%	150.9%
SERV	Serve Robotics	0.7	18.2%	-12.6%
ACDC	ProFrac	0.7	17.6%	-45.0%
HY	Hyster Yale	0.6	15.6%	-29.9%
AEO	American Eagle Outfitters	4.1	15.1%	49.7%
BEAM	Beam Therapeutics	2.7	14.4%	7.8%
GOSS	Gossamer Bio	0.8	14.4%	278.1%
FTRE	Fortrea	1.3	14.4%	-21.8%

1 Day Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
PSTG	Pure Storage	22.6	-27.3%	12.1%
GTLB	GitLab	6.3	-12.8%	-32.9%
CTEV	Claritev	0.7	-11.3%
FBYD	Falcons Beyond Global	0.7	-11.2%	131.2%
ACHC	Acadia Healthcare	1.3	-10.9%	-63.0%
ULS	UL Solutions	16.0	-10.7%	60.4%
HPK	HighPeak Energy	0.7	-10.6%	-59.8%
OS	OneStream	3.5	-10.4%	-35.0%
ARE	Alexandria Real Estate Equities	8.2	-10.1%	-47.9%
THO	Thor Industries	5.3	-9.5%	6.6%

1 Week Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
HPP	Hudson Pacific Properties	6.3	641.5%	-34.3%
TLRY	Tilray Brands	7.5	618.1%	-46.9%
TMC	TMC The Metals	2.8	42.2%	589.3%
VERA	Vera Therapeutics	2.6	40.2%	-2.4%
ARWR	Arrowhead Pharmaceuticals	9.0	39.1%	246.1%
TE	T1 Energy	0.7	37.4%
MPLT	MapLight Therapeutics	0.7	32.1%
AEVA	Aeva Technologies	0.8	31.1%	188.2%
AMKR	Amkor Technology	10.9	30.2%	73.4%
DC	Dakota Gold	0.6	30.2%	150.9%

1 Week Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
JANX	Janux Therapeutics	1.1	-50.7%	-68.0%
VTYX	Ventyx Biosciences	0.6	-25.0%	258.0%
CTEV	Claritev	0.7	-23.5%
AMBA	Ambarella	3.0	-22.9%	-3.6%
FULC	Fulcrum Therapeutics	0.6	-21.5%	92.8%
PD	PagerDuty	1.1	-20.5%	-33.9%
NTNX	Nutanix	12.7	-19.3%	-22.4%
CNK	Cinemark	2.6	-18.0%	-25.2%
PSTG	Pure Storage	22.6	-17.2%	12.1%
ZS	Zscaler	38.1	-15.9%	35.1%

Peer Comparisons for Robert Half

Peers to compare with:

Financials

	RHI	ADP	PAYX	PAYC	ASGN	NSP	Median
Name	Robert H.	Automati.	Paychex	Paycom S.	ASGN	Insperity
Mkt Price	27.42	260.22	113.39	164.56	45.43	35.97	79.41
Mkt Cap	2.7	105.4	40.9	9.2	2.0	1.4	6.0
Rev LTM	5,458	20,903	5,572	2,001	3,985	6,757	5,515
Op Inc LTM	118	5,472	2,208	558	248	21	403
FCF LTM	237	4,210	1,709	390	283	51	337
FCF 3Y Avg	410	3,846	1,670	331	347	99	379
CFO LTM	292	4,758	1,901	643	326	86	484
CFO 3Y Avg	462	4,410	1,835	543	386	137	503

Growth & Margins

	RHI	ADP	PAYX	PAYC	ASGN	NSP	Median
Name	Robert H.	Automati.	Paychex	Paycom S.	ASGN	Insperity
Rev Chg LTM	-7.3%	7.1%	5.6%	9.7%	-4.9%	3.2%	4.4%
Rev Chg 3Y Avg	-9.1%	7.4%	6.5%	16.0%	-3.8%	5.7%	6.1%
Rev Chg Q	-7.5%	7.1%	10.2%	9.2%	-1.9%	4.0%	5.5%
QoQ Delta Rev Chg LTM	-2.0%	1.7%	2.4%	2.1%	-0.5%	0.9%	1.3%
Op Mgn LTM	2.2%	26.2%	39.6%	27.9%	6.2%	0.3%	16.2%
Op Mgn 3Y Avg	5.0%	25.8%	40.5%	29.3%	7.3%	2.2%	16.6%
QoQ Delta Op Mgn LTM	-0.8%	-0.1%	-1.9%	-0.2%	-0.2%	-0.4%	-0.3%
CFO/Rev LTM	5.4%	22.8%	34.1%	32.1%	8.2%	1.3%	15.5%
CFO/Rev 3Y Avg	7.5%	22.5%	34.7%	29.8%	9.1%	2.1%	15.8%
FCF/Rev LTM	4.3%	20.1%	30.7%	19.5%	7.1%	0.8%	13.3%
FCF/Rev 3Y Avg	6.6%	19.6%	31.6%	18.2%	8.2%	1.5%	13.2%

Valuation

	RHI	ADP	PAYX	PAYC	ASGN	NSP	Median
Name	Robert H.	Automati.	Paychex	Paycom S.	ASGN	Insperity
Mkt Cap	2.7	105.4	40.9	9.2	2.0	1.4	6.0
P/S	0.6	5.7	8.2	5.8	0.5	0.3	3.2
P/EBIT	28.7	20.4	20.0	19.0	8.3	34.6	20.2
P/E	21.8	28.7	27.6	25.8	15.8	110.0	26.7
P/CFO	11.6	25.0	24.0	18.2	6.3	21.7	19.9
Total Yield	11.5%	5.5%	6.8%	4.6%	6.3%	4.5%	5.9%
Dividend Yield	6.9%	2.1%	3.2%	0.7%	0.0%	3.6%	2.6%
FCF Yield 3Y Avg	6.8%	3.5%	3.7%	2.9%	10.8%	3.0%	3.6%
D/E	0.1	0.1	0.1	0.0	0.6	0.2	0.1
Net D/E	-0.0	0.0	0.1	-0.0	0.5	-0.0	0.0

Returns

	RHI	ADP	PAYX	PAYC	ASGN	NSP	Median
Name	Robert H.	Automati.	Paychex	Paycom S.	ASGN	Insperity
1M Rtn	9.7%	1.2%	-0.5%	-10.8%	2.2%	-20.2%	0.3%
3M Rtn	-24.6%	-12.5%	-15.6%	-25.5%	-15.3%	-34.9%	-20.1%
6M Rtn	-36.2%	-19.4%	-27.6%	-37.6%	-14.0%	-42.4%	-31.9%
12M Rtn	-60.3%	-12.5%	-19.1%	-27.9%	-49.7%	-54.3%	-38.8%
3Y Rtn	-60.3%	2.8%	-1.4%	-50.6%	-48.3%	-67.3%	-49.5%
1M Excs Rtn	9.7%	1.2%	-0.5%	-10.7%	2.2%	-20.2%	0.4%
3M Excs Rtn	-30.3%	-18.5%	-22.0%	-31.9%	-18.7%	-40.7%	-26.1%
6M Excs Rtn	-50.9%	-34.1%	-42.3%	-52.3%	-28.7%	-57.2%	-46.6%
12M Excs Rtn	-74.5%	-27.0%	-33.6%	-42.1%	-63.9%	-66.3%	-53.0%
3Y Excs Rtn	-132.3%	-65.4%	-69.7%	-121.2%	-121.3%	-139.6%	-121.2%

Comparison Analyses

	Title
0	How Does Robert Half Stock Compare With Peers?null
1	Robert Half vs. Automatic Data Processing: Neither Seems Like A Good Bet
2	PAYX Looks Stronger Than RHI With 25% Return Potential
3	RHI or PAYC - With 38% Return Forecast, PAYC Probably Deserves Your Money
4	Robert Half vs. Activision Blizzard: Both Seem Similar Bets
5	Robert Half vs. Vertex Pharmaceuticals: With Return Forecast Of 100%, Vertex Pharmaceuticals Is A Better Bet
6	Robert Half vs. Zoetis: With Return Forecast Of 23%, Zoetis Is A Better Bet
7	Robert Half vs. Fidelity National Information Services: With Return Forecast Of 19%, Fidelity National Information Services Is A Better Bet
8	Robert Half vs. Transdigm Group: With Return Forecast Of 54%, Transdigm Group Is A Better Bet
9	Robert Half vs. Dominion Resources: With Return Forecast Of 75%, Dominion Resources Is A Better Bet

Financials

Annual
Quarterly

$ Mil \| FY: 12/31	LTM	2024	2023	2022	2021	2020	2019
Period End	9/30/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019
Filing Date	10/31/2025	2/13/2025	2/20/2024	2/10/2023	2/14/2022	2/12/2021	2/14/2020
Key Financials
Total Revenue	5,458	5,796	6,393	7,238	6,461	5,109	6,074
EBITDA	203	331	564	1,053	825	427	635
Operating Income	118	241	465	975	743	345	565
Net Income	156	252	411	658	599	306	454
EPS	1.54	2.45	3.90	6.08	5.42	2.72	3.93
Growth Rates
Total Revenue Growth	-7.3%	-9.3%	-11.7%	12.0%	26.5%	-15.9%	4.7%
EBITDA Growth	-41.1%	-41.3%	-46.5%	27.6%	93.1%	-32.7%	-4.5%
Operating Income Growth	-51.4%	-48.0%	-52.4%	31.3%	115.0%	-38.9%	-5.6%
Net Income Growth	-45.4%	-38.8%	-37.5%	9.9%	95.5%	-32.6%	4.6%
Margins
EBITDA Margin	3.7%	5.7%	8.8%	14.5%	12.8%	8.4%	10.4%
Operating Income Margin	2.2%	4.2%	7.3%	13.5%	11.5%	6.8%	9.3%
Net Income Margin	2.8%	4.3%	6.4%	9.1%	9.3%	6.0%	7.5%
Cash & Debt
Total Cash	365	538	732	659	619	574	270
Total Debt	241	234	242	238	265	303	274
Net Debt / (Cash)	-125	-304	-490	-421	-354	-272	3
Cash Flows
Net Cash from Operations	292	410	637	684	603	597	520
Free Cash from Operations	237	354	591	623	567	563	460
Returns to Shareholders
Dividends	234	220	206	189	171	156	146
Share Repurchases	173	276	255	320	288	159	278

$ Mil \| FY: 12/31	2025Q3	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4
Period End	9/30/2025	6/30/2025	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022
Filing Date	10/31/2025	8/5/2025	5/2/2025	2/13/2025	10/30/2024	7/31/2024	5/2/2024	2/20/2024	10/31/2023	8/1/2023	5/3/2023	2/10/2023
Key Financials Quarterly
Total Revenue	1,354	1,370	1,352	1,382	1,465	1,473	1,476	1,473	1,564	1,639	1,716	1,727
Ebitda	33	23	60	87	83	98	63	100	166	139	158	194
Operating Income	14	2	39	64	61	76	41	67	143	118	137	174
Net Income	43	41	17	54	65	68	64	87	96	106	122	148
EPS	0.43	0.41	0.17	0.53	0.64	0.66	0.61	0.84	0.91	1.00	1.15	1.38
Key Financials TTM
Total Revenue TTM	5,458	5,569	5,672	5,796	5,886	5,985	6,152	6,393	6,647	6,916	7,140	7,238
Ebitda TTM	203	253	328	331	345	427	469	564	657	750	936	1,053
Operating Income TTM	118	165	239	241	244	327	369	465	571	666	855	975
Net Income TTM	156	178	205	252	285	315	353	411	471	542	612	658
Growth Rates Quarterly
Total Revenue Growth	-7.5%	-7.0%	-8.4%	-6.1%	-6.3%	-10.2%	-14.0%	-14.7%	-14.7%	-12.0%	-5.4%	-2.4%
EBITDA Growth	-59.8%	-76.9%	-4.6%	-13.7%	-49.9%	-29.6%	-60.0%	-48.3%	-35.8%	-57.2%	-42.6%	-11.1%
Operating Income Growth	-77.6%	-98.0%	-4.9%	-3.5%	-57.8%	-35.7%	-70.1%	-61.5%	-39.9%	-61.6%	-46.8%	-12.8%
Net Income Growth	-34.4%	-39.9%	-72.8%	-37.8%	-31.5%	-35.9%	-47.8%	-40.9%	-42.5%	-39.5%	-27.5%	-12.1%
Margins Quarterly
EBITDA Margin	2.5%	1.7%	4.5%	6.3%	5.7%	6.6%	4.3%	6.8%	10.6%	8.5%	9.2%	11.2%
Operating Income Margin	1.0%	0.1%	2.9%	4.7%	4.1%	5.1%	2.8%	4.5%	9.2%	7.2%	8.0%	10.0%
Net Income Margin	3.2%	3.0%	1.3%	3.9%	4.5%	4.6%	4.3%	5.9%	6.1%	6.5%	7.1%	8.5%
Cash & Debt
Total Cash	365	381	342	538	570	547	541	732	729	723	548	659
Total Debt	241	244	243	234	239	239	241	242	215	218	222	238
Net Debt / (Cash)	-125	-137	-100	-304	-332	-308	-300	-490	-514	-504	-326	-421
Cash Flows Quarterly
FCF from Operations	77	119	-59	155	130	142	-16	115	176	281	66	202
Cash Flows TTM
FCF from Operations TTM	292	344	367	410	370	416	555	637	725	728	680	684
Returns to Shareholders Quarterly
Dividends	59	59	61	54	54	55	58	51	51	51	54	47
Share Repurchases	21	21	50	80	49	60	86	56	94	41	63	62
Return on Invested Capital (ROIC) Quarterly
ROIC	3.2%	0.3%	10.0%	17.7%	16.0%	20.8%	11.2%	23.3%	51.8%	42.2%	41.8%	60.8%
Return on Invested Capital (ROIC) TTM
ROIC TTM	7.1%	9.9%	14.0%	16.2%	16.6%	22.5%	25.4%	39.8%	52.6%	61.6%	66.0%	86.2%

Segment Financials

Revenue by Segment

$ Mil	2024	2023	2022	2021	2020
Contract talent solutions	3,895	4,533	4,039	3,477	4,412
Protiviti	1,930	1,980	1,853	1,262	1,129
Permanent placement talent solutions	567	725	570	370	533
Total	6,393	7,238	6,461	5,109	6,074

Price Behavior

Price Behavior

Market Price	$27.42
Market Cap ($ Bil)	2.7
First Trading Date	03/10/1992
Distance from 52W High	-61.7%
	50 Days	200 Days
DMA Price	$28.99	$39.22
DMA Trend	down	down
Distance from DMA	-5.4%	-30.1%
	3M	1YR
Volatility	36.3%	36.2%
Downside Capture	175.05	143.93
Upside Capture	-4.71	34.40
Correlation (SPY)	32.3%	56.6%

RHI Betas & Captures as of 11/30/2025

	1M	2M	3M	6M	1Y	3Y
Beta	0.27	0.91	1.01	1.27	1.05	1.05
Up Beta	-0.43	0.67	1.14	1.65	1.24	1.24
Down Beta	-1.02	1.11	1.00	1.30	0.94	0.88
Up Capture	92%	-2%	-5%	16%	23%	40%
Bmk +ve Days	13	26	39	74	142	427
Stock +ve Days	7	14	22	47	100	354
Down Capture	45%	150%	172%	188%	124%	106%
Bmk -ve Days	7	16	24	52	107	323
Stock -ve Days	12	26	39	77	147	392

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

1Y 5Y 10Y

Based On 1-Year Data

		Comparison of RHI With Other Asset Classes (Last 1Y)
	RHI	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	-61.0%	8.9%	15.3%	58.9%	4.6%	-5.8%	-3.1%
Annualized Volatility	36.0%	18.9%	19.7%	19.4%	15.9%	17.8%	35.7%
Sharpe Ratio	-2.54	0.32	0.60	2.26	0.09	-0.48	0.04
Correlation With Other Assets		56.0%	57.0%	-5.5%	14.7%	51.6%	28.4%

ETFs used for asset classes: Sector ETF = XLI, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
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Based On 5-Year Data

		Comparison of RHI With Other Asset Classes (Last 5Y)
	RHI	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	-13.7%	13.1%	15.0%	17.9%	11.9%	4.9%	37.1%
Annualized Volatility	30.1%	17.2%	17.1%	15.5%	18.9%	19.0%	49.1%
Sharpe Ratio	-0.45	0.61	0.71	0.93	0.52	0.17	0.64
Correlation With Other Assets		60.3%	57.7%	0.2%	15.2%	50.5%	24.2%

Based On 10-Year Data

		Comparison of RHI With Other Asset Classes (Last 10Y)
	RHI	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	-3.6%	12.8%	14.5%	14.2%	5.6%	5.4%	76.3%
Annualized Volatility	32.1%	19.9%	18.0%	14.8%	17.7%	20.9%	55.9%
Sharpe Ratio	-0.03	0.57	0.69	0.79	0.25	0.23	0.95
Correlation With Other Assets		64.6%	60.2%	-7.6%	21.4%	48.8%	14.1%

Short Interest

Short Interest: As Of Date	11142025
Short Interest: Shares Quantity	11,163,783
Short Interest: % Change Since 10312025	4.3%
Average Daily Volume	3,193,539
Days-to-Cover Short Interest	3.50
Basic Shares Quantity	99,897,000
Short % of Basic Shares	11.2%

Returns Analyses

	Title
0	Can Robert Half Stock Hold Up When Markets Turn?
1	RHI YTD Stock Return Of -13% Underperforms PAYC by -10% and Underperforms ADP by -19%
2	Robert Half Stock Return Comparison
3	[9/29/2021] Robert Half International (RHI) Stock Price Forecast: AI Forecasts RHI Stock Price To Be Around $104 In A Month (Up 1.6%)
4	Robert Half Total Shareholder Return (TSR): -32.3% in 2022 and 7.4% 3-yr returns (below peer average)

SEC Filings

Expand for More

Report Date	Filing Date	Filing
9302025	10312025	10-Q 9/30/2025
6302025	8052025	10-Q 6/30/2025
3312025	5022025	10-Q 3/31/2025
12312024	2132025	10-K 12/31/2024
9302024	10302024	10-Q 9/30/2024
6302024	7312024	10-Q 6/30/2024
3312024	5022024	10-Q 3/31/2024
12312023	2202024	10-K 12/31/2023
9302023	10312023	10-Q 9/30/2023
6302023	8012023	10-Q 6/30/2023
3312023	5032023	10-Q 3/31/2023
12312022	2102023	10-K 12/31/2022
9302022	10282022	10-Q 9/30/2022
6302022	8032022	10-Q 6/30/2022
3312022	5042022	10-Q 3/31/2022
12312021	2142022	10-K 12/31/2021

Insider Activity

Expand for More

	Owner	Title	Filing Date	Action	Price	Shares	Transacted Value	Value of Held Shares	Form
0	Kempthorne Dirk A		10292025	Sell	28.87	6,505	187,812	338,148	Form

External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

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Robert Half (RHI)

Market Price (12/4/2025): $27.0 | Market Cap: $2.7 BilSector: Industrials | Industry: Human Resource & Employment Services

Robert Half (RHI)

Market Price (12/4/2025): $27.0Market Cap: $2.7 BilSector: IndustrialsIndustry: Human Resource & Employment Services

Valuation, Metrics & Events

RHI Stock

Why The Stock Moved

Qualitative Assessment

Stock Movement Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Return vs. Risk

Price Returns Compared

How Low Can It Go

In The Past

Preserve Wealth

Asset Allocation

About Robert Half (RHI)

Staffing Services

Consulting and Business Solutions

Addressable Markets for Robert Half's Main Products and Services:

Staffing Services (Temporary and Permanent Placement)

Consulting Solutions (Management Consulting and IT Consulting)

Share Repurchases

Share Issuance

Inbound Investments

Outbound Investments

Capital Expenditures

Interactive Breakdown

Better Bets than Robert Half (RHI)

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Based On 1-Year Data

Based On 5-Year Data

Based On 10-Year Data

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External Quote Links

Market Price (12/4/2025): $27.0 | Market Cap: $2.7 Bil
Sector: Industrials | Industry: Human Resource & Employment Services

Market Price (12/4/2025): $27.0
Market Cap: $2.7 Bil
Sector: Industrials
Industry: Human Resource & Employment Services