TrueBlue (TBI)
Market Price (6/14/2026): $6.98 | Market Cap: $210.4 MilSector: Industrials | Industry: Human Resource & Employment Services
TrueBlue (TBI)
Market Price (6/14/2026): $6.98Market Cap: $210.4 MilSector: IndustrialsIndustry: Human Resource & Employment Services
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Megatrend and thematic driversMegatrends include Future of Work. Themes include Flexible Staffing Solutions, Workforce Management Services, and Talent Acquisition & Recruiting. | Weak multi-year price returns2Y Excs Rtn is -74%, 3Y Excs Rtn is -136% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -28 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -1.7% Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 51% Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -8.2% Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -2.8%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -3.6% Valuation getting more expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 52% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -30% Key risksTBI key risks include [1] significant profitability challenges, Show more. |
| Megatrend and thematic driversMegatrends include Future of Work. Themes include Flexible Staffing Solutions, Workforce Management Services, and Talent Acquisition & Recruiting. |
| Weak multi-year price returns2Y Excs Rtn is -74%, 3Y Excs Rtn is -136% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -28 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -1.7% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 51% |
| Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -8.2% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -2.8%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -3.6% |
| Valuation getting more expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 52% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -30% |
| Key risksTBI key risks include [1] significant profitability challenges, Show more. |
Qualitative Assessment
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Updated on 6/12/2026
TrueBlue (TBI) stock has gained about 65% since 2/28/2026 because of the following key factors:
1. Stronger-than-anticipated Fiscal Q1 2026 Results and Revenue Growth. TrueBlue exceeded analyst expectations for its fiscal Q1 2026, which ended March 29, 2026. The company reported an adjusted net loss per share of -$0.41, beating the consensus estimate of -$0.45. Additionally, quarterly revenue rose 8% year-over-year to $399 million, surpassing the analyst forecast of $390.51 million.
2. Robust Performance and Expansion in Skilled Verticals, particularly the Energy Sector. A significant driver of TrueBlue's revenue growth stemmed from its skilled businesses, especially the energy sector, contributing to a 7% organic revenue increase in fiscal Q1 2026. This builds on strong prior performance, with the energy sector experiencing a 60% revenue growth in fiscal Q4 2025.
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TrueBlue (TBI) stock has gained about 65% since 2/28/2026 because of the following key factors:
1. Stronger-than-anticipated Fiscal Q1 2026 Results and Revenue Growth. TrueBlue exceeded analyst expectations for its fiscal Q1 2026, which ended March 29, 2026. The company reported an adjusted net loss per share of -$0.41, beating the consensus estimate of -$0.45. Additionally, quarterly revenue rose 8% year-over-year to $399 million, surpassing the analyst forecast of $390.51 million.
2. Robust Performance and Expansion in Skilled Verticals, particularly the Energy Sector. A significant driver of TrueBlue's revenue growth stemmed from its skilled businesses, especially the energy sector, contributing to a 7% organic revenue increase in fiscal Q1 2026. This builds on strong prior performance, with the energy sector experiencing a 60% revenue growth in fiscal Q4 2025.
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Stock Movement Drivers
Fundamental Drivers
The 65.0% change in TBI stock from 2/28/2026 to 6/13/2026 was primarily driven by a 63.3% change in the company's P/S Multiple.| (LTM values as of) | 2282026 | 6132026 | Change |
|---|---|---|---|
| Stock Price ($) | 4.23 | 6.98 | 65.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,616 | 1,644 | 1.8% |
| P/S Multiple | 0.1 | 0.1 | 63.3% |
| Shares Outstanding (Mil) | 30 | 30 | -0.7% |
| Cumulative Contribution | 65.0% |
Market Drivers
2/28/2026 to 6/13/2026| Return | Correlation | |
|---|---|---|
| TBI | 65.0% | |
| Market (SPY) | 8.4% | 21.4% |
| Sector (XLI) | -0.3% | 5.4% |
Fundamental Drivers
The 42.4% change in TBI stock from 11/30/2025 to 6/13/2026 was primarily driven by a 38.3% change in the company's P/S Multiple.| (LTM values as of) | 11302025 | 6132026 | Change |
|---|---|---|---|
| Stock Price ($) | 4.90 | 6.98 | 42.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,584 | 1,644 | 3.8% |
| P/S Multiple | 0.1 | 0.1 | 38.3% |
| Shares Outstanding (Mil) | 30 | 30 | -0.8% |
| Cumulative Contribution | 42.4% |
Market Drivers
11/30/2025 to 6/13/2026| Return | Correlation | |
|---|---|---|
| TBI | 42.4% | |
| Market (SPY) | 9.2% | 17.3% |
| Sector (XLI) | 15.3% | 3.1% |
Fundamental Drivers
The 16.3% change in TBI stock from 5/31/2025 to 6/13/2026 was primarily driven by a 10.2% change in the company's P/S Multiple.| (LTM values as of) | 5312025 | 6132026 | Change |
|---|---|---|---|
| Stock Price ($) | 6.00 | 6.98 | 16.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,535 | 1,644 | 7.1% |
| P/S Multiple | 0.1 | 0.1 | 10.2% |
| Shares Outstanding (Mil) | 30 | 30 | -1.5% |
| Cumulative Contribution | 16.3% |
Market Drivers
5/31/2025 to 6/13/2026| Return | Correlation | |
|---|---|---|
| TBI | 16.3% | |
| Market (SPY) | 27.3% | 17.5% |
| Sector (XLI) | 25.0% | 9.8% |
Fundamental Drivers
The -57.8% change in TBI stock from 5/31/2023 to 6/13/2026 was primarily driven by a -48.1% change in the company's P/S Multiple.| (LTM values as of) | 5312023 | 6132026 | Change |
|---|---|---|---|
| Stock Price ($) | 16.54 | 6.98 | -57.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,168 | 1,644 | -24.2% |
| P/S Multiple | 0.2 | 0.1 | -48.1% |
| Shares Outstanding (Mil) | 32 | 30 | 7.1% |
| Cumulative Contribution | -57.8% |
Market Drivers
5/31/2023 to 6/13/2026| Return | Correlation | |
|---|---|---|
| TBI | -57.8% | |
| Market (SPY) | 84.5% | 21.7% |
| Sector (XLI) | 90.2% | 23.4% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| TBI Return | 48% | -29% | -22% | -45% | -46% | 51% | -63% |
| Peers Return | 46% | -20% | 19% | -15% | -37% | 31% | -1% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 8% | 97% |
Monthly Win Rates [3] | |||||||
| TBI Win Rate | 58% | 42% | 50% | 42% | 42% | 67% | |
| Peers Win Rate | 63% | 42% | 50% | 43% | 42% | 80% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| TBI Max Drawdown | -20% | -46% | -48% | -56% | -55% | -40% | |
| Peers Max Drawdown | -21% | -39% | -22% | -29% | -47% | -27% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: MAN, RHI, KELYA, KFY, KFRC.
[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 6/12/2026 (YTD)
How Low Can It Go
| Event | TBI | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -48.5% | -18.8% |
| % Gain to Breakeven | 94.0% | 23.1% |
| Time to Breakeven | 78 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -28.4% | -9.5% |
| % Gain to Breakeven | 39.6% | 10.5% |
| Time to Breakeven | 40 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -19.9% | -6.7% |
| % Gain to Breakeven | 24.8% | 7.1% |
| Time to Breakeven | 77 days | 31 days |
| 2020 COVID-19 Crash | ||
| % Loss | -27.0% | -33.7% |
| % Gain to Breakeven | 37.0% | 50.9% |
| Time to Breakeven | 84 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -17.5% | -19.2% |
| % Gain to Breakeven | 21.2% | 23.8% |
| Time to Breakeven | 123 days | 105 days |
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -26.8% | -3.7% |
| % Gain to Breakeven | 36.5% | 3.9% |
| Time to Breakeven | 42 days | 6 days |
In The Past
TrueBlue's stock fell -48.5% during the 2025 US Tariff Shock. Such a loss loss requires a 94.0% gain to breakeven.
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Asset Allocation
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| Event | TBI | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -48.5% | -18.8% |
| % Gain to Breakeven | 94.0% | 23.1% |
| Time to Breakeven | 78 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -28.4% | -9.5% |
| % Gain to Breakeven | 39.6% | 10.5% |
| Time to Breakeven | 40 days | 24 days |
| 2020 COVID-19 Crash | ||
| % Loss | -27.0% | -33.7% |
| % Gain to Breakeven | 37.0% | 50.9% |
| Time to Breakeven | 84 days | 140 days |
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -26.8% | -3.7% |
| % Gain to Breakeven | 36.5% | 3.9% |
| Time to Breakeven | 42 days | 6 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -26.1% | -6.8% |
| % Gain to Breakeven | 35.3% | 7.3% |
| Time to Breakeven | 94 days | 15 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -29.1% | -17.9% |
| % Gain to Breakeven | 41.0% | 21.8% |
| Time to Breakeven | 99 days | 123 days |
| 2010 Eurozone Sovereign Debt Crisis / Flash Crash | ||
| % Loss | -40.8% | -15.4% |
| % Gain to Breakeven | 69.0% | 18.2% |
| Time to Breakeven | 127 days | 125 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -60.3% | -53.4% |
| % Gain to Breakeven | 151.9% | 114.4% |
| Time to Breakeven | 197 days | 1085 days |
| Summer 2007 Credit Crunch | ||
| % Loss | -20.1% | -8.6% |
| % Gain to Breakeven | 25.2% | 9.5% |
| Time to Breakeven | 2140 days | 47 days |
In The Past
TrueBlue's stock fell -48.5% during the 2025 US Tariff Shock. Such a loss loss requires a 94.0% 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 TrueBlue (TBI)
TrueBlue, Inc., together with its subsidiaries, provides specialized workforce solutions in the United States, Canada, and Puerto Rico. It operates through three segments: PeopleReady, PeopleManagement, and PeopleScout. The PeopleReady segment offers contingent staffing solutions for blue-collar, on-demand, and skilled labor in construction, manufacturing and logistics, warehousing and distribution, waste and recycling, energy, retail, hospitality, and general labor industries. The PeopleManagement segment provides contingent labor and outsourced industrial workforce solutions. This segment also offers on-site management and recruitment for the contingent industrial workforce of manufacturing, warehouse, and distribution facilities; and recruitment and management of contingent and dedicated commercial drivers to the transportation and distribution industries under the Staff Management, SIMOS Insourcing Solutions, and Centerline Drivers brands. The PeopleScout segment offers permanent employee recruitment process outsourcing services; and manages clients' contingent labor programs comprising vendor selection, performance management, compliance monitoring, and risk management. The company was formerly known as Labor Ready, Inc. and changed its name to TrueBlue, Inc. in December 2007. TrueBlue, Inc. was incorporated in 1985 and is headquartered in Tacoma, Washington.
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Here are 1-3 brief analogies for TrueBlue (TBI):
The Kelly Services for blue-collar and industrial jobs.
An Uber for businesses needing on-demand blue-collar and industrial workers.
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- PeopleReady Contingent Staffing: Provides temporary staffing solutions for blue-collar, on-demand, and skilled labor across various industries.
- PeopleManagement Workforce Solutions: Offers contingent labor and outsourced industrial workforce solutions, including on-site management and recruitment for manufacturing, warehouse, distribution facilities, and commercial drivers.
- PeopleScout Recruitment Process Outsourcing (RPO): Delivers services for permanent employee recruitment process outsourcing.
- PeopleScout Contingent Labor Program Management: Manages clients' contingent labor programs, covering vendor selection, performance management, compliance, and risk.
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```htmlTrueBlue (TBI) primarily sells its specialized workforce solutions to other companies (B2B model).
The provided background information does not list the names of specific major customer companies. Instead, it describes the types of industries and businesses that TrueBlue serves across its segments:
- PeopleReady Segment: Provides contingent staffing solutions for blue-collar, on-demand, and skilled labor to companies in industries such as construction, manufacturing and logistics, warehousing and distribution, waste and recycling, energy, retail, and hospitality.
- PeopleManagement Segment: Offers contingent labor and outsourced industrial workforce solutions, including on-site management and recruitment, to manufacturing, warehouse, and distribution facilities, as well as recruitment and management of commercial drivers for transportation and distribution industries.
- PeopleScout Segment: Delivers permanent employee recruitment process outsourcing services and manages contingent labor programs for various client companies.
Therefore, TrueBlue's customers are diverse businesses requiring staffing, recruitment, and workforce management services across a wide range of industrial, logistical, and service sectors.
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Taryn Owen President and Chief Executive Officer
Taryn Owen assumed the role of President and CEO of TrueBlue in September 2023, having joined the company in 2010. With over 20 years of talent acquisition experience, she has spearheaded TrueBlue's digital transformation strategies, overseen significant growth, and led several acquisitions and international expansion during her tenure. Before joining TrueBlue, she served as an Operations Director at Randstad Sourceright Solutions, where she managed global Recruitment Process Outsourcing (RPO) engagements.
Carl Schweihs Chief Financial Officer
Carl Schweihs has served as TrueBlue's Chief Financial Officer since October 2023. He joined TrueBlue in 2014 as part of its acquisition of Seaton, where he had held various financial leadership roles. Prior to his appointment as CFO, he served as President of PeopleManagement, Senior Vice President of Strategic Accounts, Vice President of Finance, and Controller within TrueBlue. He also previously worked at Grant Thornton.
Jeff Dirks Chief Digital Officer
Jeff Dirks has served as TrueBlue's Chief Digital Officer since April 2024, leading worldwide digital transformation, product strategy, technology innovation, and information technology. He joined the company in 2018, having previously served as Chief Technology and Information Officer since April 2019. Before TrueBlue, Mr. Dirks led two successful startups and held multiple C-suite roles, including Chief Operating Officer and Chief Executive Officer, at both private equity and public companies, accumulating over 30 years of experience in the technology sector.
Rick Betori President, PeopleSolutions
Rick Betori has been with TrueBlue since 2011 and is currently the President of PeopleSolutions. He previously served as Managing Director of the Americas for PeopleScout and was President of TrueBlue's former operating brand, StudentScout, from 2011 to 2015. Prior to joining TrueBlue, he was President of Wonderlic, Inc. from 2007 to 2011 and also served as President of an independent management consulting firm.
Greg Netolicky Chief People Officer
Greg Netolicky assumed the role of Chief People Officer at TrueBlue in October 2023. Before joining TrueBlue, he served as Chief Human Resources Officer for Rite-Hite Holding Company starting in December 2017. Mr. Netolicky brings over 20 years of experience in leadership roles across various human resources disciplines within both public and private organizations.
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The key risks to TrueBlue's business are:- Current Financial Struggles and Shareholder Pressure: TrueBlue is currently facing significant financial challenges, including projected declines in gross profits for the first quarter of 2026 and negative free cash flows. The company's stock experienced a 24% fall after its latest earnings report, nearing historic lows. A prominent shareholder, EHS Investments, has voiced serious concerns regarding the company's leadership and financial direction, asserting that recent board adjustments are insufficient to address the operational and financial setbacks. The company also reported an earnings before interest and tax (EBIT) loss and burned through cash in the past year.
- Sensitivity to Economic Cycles and Volatility: The demand for TrueBlue's specialized workforce solutions is highly dependent on general economic conditions. Fluctuations in the economy can significantly impact the need for temporary and contract workers. During economic downturns, organizations may reduce their workforce or freeze hiring, directly leading to decreased demand for staffing services across TrueBlue's PeopleReady, PeopleManagement, and PeopleScout segments.
- Talent Shortages and Skills Mismatch: TrueBlue operates within a competitive labor market where finding candidates with the specific skills and experience required by clients can be challenging. This is particularly true in specialized industries or niche roles, and rapid technological advancements can exacerbate the skills gap. This ongoing talent shortage and skills mismatch pose a significant operational challenge for TrueBlue, impacting its ability to efficiently attract qualified candidates and fulfill client needs.
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- The accelerating adoption of automation and robotics in industrial, manufacturing, warehousing, and logistics sectors threatens TrueBlue's core PeopleReady and PeopleManagement segments. As companies increasingly deploy robots, automated guided vehicles (AGVs), and advanced machinery, the demand for human blue-collar, contingent labor in these facilities could significantly diminish. This is a direct technological substitution for a substantial portion of TrueBlue's provided workforce.
- The proliferation of direct-to-worker gig economy platforms and apps for blue-collar and on-demand labor poses a disintermediation threat. These platforms directly connect workers with employers for short-term assignments, potentially bypassing traditional staffing agencies like TrueBlue's PeopleReady segment. This trend mirrors the disruption seen in other industries where technology enables direct connections between service providers and consumers, circumventing established intermediaries.
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TrueBlue (TBI) operates in several distinct and sizeable addressable markets for its specialized workforce solutions.
PeopleReady Segment (Contingent Staffing Solutions for Blue-Collar, On-Demand, and Skilled Labor)
- The overall U.S. staffing market was valued at approximately $184 billion in 2024 and is projected to reach $189.0 billion in 2024. This market is expected to achieve cumulative growth of 10% between 2025 and 2030.
- The industrial staffing market in the U.S., a key focus for PeopleReady, was valued at $33.6 billion in 2023.
PeopleManagement Segment (Contingent Labor and Outsourced Industrial Workforce Solutions, Commercial Drivers)
- The global contingent workforce management market, which includes contingent labor and outsourced industrial workforce solutions, was valued at approximately US$189.50 billion in 2024 and is projected to grow to US$492.90 billion by 2033. North America holds a dominant share of this market.
PeopleScout Segment (Permanent Employee Recruitment Process Outsourcing and Managed Service Provider for Contingent Labor)
- The global Recruitment Process Outsourcing (RPO) market was estimated at USD 9.4 billion in 2024 and is projected to reach USD 36.4 billion by 2033, with North America being the largest market. Other estimates place the global RPO market at approximately USD 8.18 billion in 2025, growing to $9.53 billion in 2026, and reaching $16.42 billion by 2030. The U.S. is identified as the world's largest RPO market.
- The global Managed Service Provider (MSP) market, specifically for contingent labor programs, reached $226 billion in spend under management in 2024, with the Americas region accounting for 56% of this market share.
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Expected drivers of future revenue growth for TrueBlue (TBI) over the next 2-3 years include:
- Continued Growth in the Energy Sector: TrueBlue expects sustained strong performance in the energy vertical, particularly in renewables, which has shown significant growth and a healthy project pipeline.
- Expansion in Skilled Trades: The company's skilled businesses are anticipated to continue outperforming the broader market, contributing to overall revenue growth.
- Contribution from the Healthcare Staffing Professionals (HSP) Acquisition: The acquisition of Healthcare Staffing Professionals in January 2025 is expected to continue adding to inorganic revenue growth.
- Sustained Growth in the Commercial Driver Business: TrueBlue's commercial driver business has consistently delivered double-digit growth and is expected to maintain this momentum.
- New Client Acquisition and Cross-selling through Strategic Partnerships: The company is leveraging enterprise-wide strategic partnerships and enhanced sales capabilities to unlock new client acquisition channels and foster cross-selling opportunities across its diverse portfolio of services.
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Share Repurchases
- TrueBlue repurchased $25 million of common stock during the first quarter of 2023, with $64 million remaining under its authorization.
- Share repurchases are determined at management's discretion, based on market and business conditions, the trading price of common stock, and other investment opportunities.
Share Issuance
- In February 2026, TrueBlue director Robert C. Kreidler received an equity award of 27,566 restricted stock units, which convert into common stock on a one-for-one basis after vesting.
- In February 2026, Carl Schweihs, Executive Vice President and Chief Financial Officer of PeopleReady, purchased 12,500 shares of TrueBlue common stock.
Inbound Investments
- In May 2025, TrueBlue adopted a limited duration shareholder rights agreement in response to an unsolicited proposal from HireQuest, Inc. to acquire all common stock at $7.50 per share.
- In December 2025, Boston Partners acquired an additional 603,040 shares of TrueBlue Inc. at $4.55 per share, increasing their total holdings to 2,217,444 shares, reflecting strategic interest in the company.
Outbound Investments
- In February 2025, TrueBlue completed the acquisition of Healthcare Staffing Professionals, Inc. (HSP), which expanded the company's total addressable market to approximately $90 billion and contributed $14 million in revenue in Q3 2025, $16 million in Q2 2025, and about $40 million of inorganic growth in Q4 2025.
Capital Expenditures
- In Q2 2025, TrueBlue focused on strategically investing in innovative, proprietary technologies to address evolving user needs and enhance competitive advantage.
- In Q4 2025, the company invested in sales resources to expand its reach in key markets for its on-demand staffing business.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| TrueBlue Earnings Notes | 12/16/2025 | |
| How Low Can TrueBlue Stock Really Go? | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 33.25 |
| Mkt Cap | 1.2 |
| Rev LTM | 3,508 |
| Op Inc LTM | 62 |
| FCF LTM | 55 |
| FCF 3Y Avg | 61 |
| CFO LTM | 65 |
| CFO 3Y Avg | 87 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 0.4% |
| Rev Chg 3Y Avg | -6.8% |
| Rev Chg Q | 3.6% |
| QoQ Delta Rev Chg LTM | 0.9% |
| Op Inc Chg LTM | -17.0% |
| Op Inc Chg 3Y Avg | -22.5% |
| Op Mgn LTM | 1.3% |
| Op Mgn 3Y Avg | 2.6% |
| QoQ Delta Op Mgn LTM | 0.0% |
| CFO/Rev LTM | 3.0% |
| CFO/Rev 3Y Avg | 3.4% |
| FCF/Rev LTM | 2.4% |
| FCF/Rev 3Y Avg | 2.9% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 1.2 |
| P/S | 0.4 |
| P/Op Inc | 13.5 |
| P/EBIT | 8.9 |
| P/E | 6.3 |
| P/CFO | 7.9 |
| Total Yield | 4.1% |
| Dividend Yield | 2.4% |
| FCF Yield 3Y Avg | 7.0% |
| D/E | 0.3 |
| Net D/E | 0.3 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 25.7% |
| 3M Rtn | 45.4% |
| 6M Rtn | 28.9% |
| 12M Rtn | 6.6% |
| 3Y Rtn | -36.2% |
| 1M Excs Rtn | 26.2% |
| 3M Excs Rtn | 33.3% |
| 6M Excs Rtn | 23.6% |
| 12M Excs Rtn | -18.8% |
| 3Y Excs Rtn | -114.5% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| PeopleReady | 884 | 869 | 1,096 | 1,273 |
| PeopleManagement | 544 | 542 | 581 | 664 |
| PeopleSolutions | 188 | 157 | 229 | 318 |
| Total | 1,616 | 1,567 | 1,906 | 2,254 |
| $ Mil | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| PeopleManagement | 18 | 15 | 7 | 16 |
| PeopleSolutions | 11 | 12 | 27 | 45 |
| COVID-19 government subsidies, net of fees | 9 | 10 | -1 | |
| PeopleReady | 7 | 6 | 27 | 88 |
| Third-party processing fees for hiring tax credits | -0 | -0 | -0 | -1 |
| Goodwill and intangible asset impairment charge | -0 | -60 | -9 | 0 |
| Acquisition/integration costs | -1 | |||
| Amortization of software as a service assets | -4 | -6 | -4 | -3 |
| Other costs, net | -5 | -2 | -6 | -5 |
| Workforce reduction costs | -9 | -7 | ||
| Right-of-use and other long-lived asset impairment charge | -18 | |||
| Corporate unallocated | -24 | -22 | -32 | -31 |
| Depreciation and amortization (inclusive of depreciation included in cost of services) | -29 | -30 | -26 | -29 |
| PeopleReady technology upgrade costs | -9 | -1 | -8 | |
| Executive leadership transition costs | -6 | 1 | ||
| COVID-19 government assistance, net | 0 | |||
| Gain on deferred compensation assets | 0 | |||
| Total | -47 | -93 | -24 | 72 |
Price Behavior
Price Behavior
| Market Price | $6.98 | |
| Market Cap ($ Bil) | 0.2 | |
| First Trading Date | 02/01/1995 | |
| Distance from 52W High | -9.1% | |
| 50 Days | 200 Days | |
| DMA Price | $5.35 | $5.08 |
| DMA Trend | down | up |
| Distance from DMA | 30.5% | 37.4% |
| 3M | 1YR | |
| Volatility | 68.9% | 64.0% |
| Downside Capture | -11.99 | 42.15 |
| Upside Capture | 205.53 | 36.86 |
| Correlation (SPY) | 22.8% | 16.8% |
TBI Betas & Captures as of 5/31/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.94 | 0.40 | 0.79 | 0.70 | 0.84 | 0.82 |
| Up Beta | -2.57 | -0.77 | -0.04 | 0.54 | 1.54 | 0.79 |
| Down Beta | 0.06 | 0.74 | 2.84 | 1.25 | 1.71 | 1.14 |
| Up Capture | 240% | 240% | 129% | 75% | 16% | 12% |
| Bmk +ve Days | 13 | 28 | 36 | 67 | 141 | 432 |
| Stock +ve Days | 12 | 27 | 36 | 61 | 116 | 367 |
| Down Capture | 203% | -94% | -30% | 35% | 32% | 98% |
| Bmk -ve Days | 7 | 13 | 27 | 57 | 109 | 318 |
| Stock -ve Days | 8 | 13 | 26 | 59 | 128 | 370 |
[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 TBI | |
|---|---|---|---|---|
| TBI | 5.3% | 64.0% | 0.33 | - |
| Sector ETF (XLI) | 23.9% | 16.2% | 1.14 | 9.2% |
| Equity (SPY) | 24.9% | 12.3% | 1.52 | 17.2% |
| Gold (GLD) | 25.5% | 27.4% | 0.81 | -10.8% |
| Commodities (DBC) | 30.1% | 19.0% | 1.25 | -1.0% |
| Real Estate (VNQ) | 13.5% | 13.5% | 0.69 | 16.9% |
| Bitcoin (BTCUSD) | -41.7% | 42.2% | -1.16 | 2.4% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with TBI | |
|---|---|---|---|---|
| TBI | -24.6% | 51.8% | -0.35 | - |
| Sector ETF (XLI) | 12.7% | 17.5% | 0.56 | 31.8% |
| Equity (SPY) | 13.5% | 17.1% | 0.61 | 29.3% |
| Gold (GLD) | 16.8% | 18.2% | 0.75 | -5.5% |
| Commodities (DBC) | 8.4% | 19.4% | 0.33 | 7.9% |
| Real Estate (VNQ) | 2.8% | 18.8% | 0.05 | 25.7% |
| Bitcoin (BTCUSD) | 13.6% | 54.4% | 0.44 | 12.4% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with TBI | |
|---|---|---|---|---|
| TBI | -10.0% | 46.0% | -0.06 | - |
| Sector ETF (XLI) | 14.1% | 20.0% | 0.62 | 36.1% |
| Equity (SPY) | 15.3% | 17.9% | 0.73 | 32.5% |
| Gold (GLD) | 12.5% | 16.1% | 0.64 | -7.3% |
| Commodities (DBC) | 6.7% | 18.0% | 0.29 | 11.9% |
| Real Estate (VNQ) | 5.7% | 20.7% | 0.24 | 26.8% |
| Bitcoin (BTCUSD) | 60.3% | 66.8% | 1.00 | 9.1% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 6/8/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/5/2026 | 0.2% | -12.6% | 13.6% |
| 2/18/2026 | -13.5% | -15.9% | -18.8% |
| 11/3/2025 | 17.3% | 4.1% | 6.6% |
| 8/4/2025 | -3.9% | -10.7% | -9.8% |
| 5/5/2025 | -10.5% | 8.4% | 39.6% |
| 2/19/2025 | -15.0% | -17.9% | -22.1% |
| 11/4/2024 | -4.3% | 1.3% | 7.0% |
| 8/5/2024 | -24.4% | -30.2% | -27.3% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 8 | 10 | 13 |
| # Negative | 16 | 14 | 11 |
| Median Positive | 7.6% | 5.1% | 9.1% |
| Median Negative | -10.8% | -12.3% | -14.7% |
| Max Positive | 24.9% | 26.8% | 39.6% |
| Max Negative | -24.4% | -30.2% | -27.3% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/05/2026 | 10-Q |
| 12/31/2025 | 02/18/2026 | 10-K |
| 09/30/2025 | 11/03/2025 | 10-Q |
| 06/30/2025 | 08/04/2025 | 10-Q |
| 03/31/2025 | 05/05/2025 | 10-Q |
| 12/31/2024 | 02/19/2025 | 10-K |
| 09/30/2024 | 11/04/2024 | 10-Q |
| 06/30/2024 | 08/05/2024 | 10-Q |
| 03/31/2024 | 05/06/2024 | 10-Q |
| 12/31/2023 | 02/21/2024 | 10-K |
| 09/30/2023 | 10/23/2023 | 10-Q |
| 06/30/2023 | 07/24/2023 | 10-Q |
| 03/31/2023 | 04/24/2023 | 10-Q |
| 12/31/2022 | 02/15/2023 | 10-K |
| 09/30/2022 | 10/24/2022 | 10-Q |
| 06/30/2022 | 07/25/2022 | 10-Q |
Insider Activity
Updated 6/8/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Lontoh, Sonita | Direct | Sell | 6082026 | 6.73 | 2,186 | 14,712 | 489,493 | Form | |
| 2 | Ferencz, Garrett | EVP, Chief Legal Officer | Direct | Buy | 2262026 | 3.61 | 7,000 | 25,270 | 845,227 | Form |
| 3 | Owen, Taryn R | CEO and President | Direct | Buy | 2262026 | 3.79 | 20,400 | 77,316 | 3,000,949 | Form |
| 4 | Schweihs, Carl | EVP and CFO | Direct | Buy | 2242026 | 3.72 | 12,500 | 46,500 | 1,075,337 | Form |
Industry Resources
| Industrials Resources |
| IndustryWeek |
| Manufacturing.net |
| Aviation Week |
| Human Resource & Employment Services Resources |
| HR Magazine (SHRM) |
| HR Dive |
| Personnel Today |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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Core Cache Last Updated: 6/13/2026