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Barrett Business Services, Inc.

BBSI Industrials Staffing & Employment Services

Barrett Business Services, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.2 billion, up 8.37% from fiscal 2024.

Revenue
+3.77%
EPS
−26.4%
Free cash flow
−5.41%

Quarter to June 2026, against a year earlier

33.30 0.77 +2.37%
Market cap
$788.4M
P/E
24.0×
Fwd P/E
24.3×
Dividend yield
0.96%
F-score
6/9
Altman Z
3.44
Beneish M
−2.54
Dividend safety
90/100
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Bought, $m 0.37
Sold, $m 0.79
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — 4 — 1 — — — — — —
Sell — — — — — — — 2 — — — —
Insider Ownership 4.67%

Capital & Financial Ratios $m

Size
Market Cap 788.37
Revenue ttm 1,266.35
Net income ttm 35.08
Free cash flow ttm 15.52
Net debt Q (67.89)
Valuation
P/E 23.96
Forward P/E 24.30
Price / sales 0.64
Forward P/S Powerpack
Price / FCF 52.23
Price / book 3.98
Financial health
Current ratio Q 1.14
Debt / equity Q 0.00 (at or below 0.5: strong)
Interest coverage Q 366.74
Growth
Revenue growth Q +3.77% (above 0%: growing)
Operating income growth Q −33.13% (below 0%: shrinking)
EPS, this year −35.70% (below 0%: weak)
EPS, next year A +49.91% (at or above 15%: strong)
Revenue, next year A +4.01%
EPS, past 5 yrs +13.64%
EPS, next 5 yrs A +12.64%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 0.7×, against a ten-year median of 0.4×; over the ten years it ranged from 0.1× in 2020 to 1.0× in 2025.
P/E against its own 10 years 93.83%
10-year low 10-year high
P/S against its own 10 years 61.82%
10-year low 10-year high
P/B against its own 10 years 44.90%
10-year low 10-year high
EV/Sales against its own 10 years 83.14%
10-year low 10-year high
EV/FCF against its own 10 years 97.92%
10-year low 10-year high

Dividends raised 2 years running

Yield
0.96%
Annual rate
0.32
Payout ratio
23.5%
Growth, 2016–25
+4.25%/yr
  1. 0.22 ’16
  2. 0.25 ’17 +14%
  3. 0.25 ’18 +0%
  4. 0.28 ’19 +10%
  5. 0.30 ’20 +9%
  6. 0.30 ’21 +0%
  7. 0.30 ’22 +0%
  8. 0.30 ’23 +0%
  9. 0.31 ’24 +3%
  10. 0.32 ’25 +3%
  11. 0.32 ’26e +0%
paid forecast Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 152 122 157 68
Receivables 179 237 252 301
Inventory — — — —
Other 97 98 97 72
448 475 525 466
2023 2024 2025 Q'26
Payables 7 7 7 7
ST’ Debt — — — —
Other 50 39 33 30
343 359 406 408

Compound Annual Growth %

10y 5y 3y
Sales 5.29% 7.08% 5.56%
Cash Flow (4.14%) 0.00% 33.41%
Earnings 7.88% 10.03% 4.83%
Book Value 16.02% 3.98% 10.66%

Earnings Trends EPS, adjusted, against the consensus

Q2 FY26 Estimate 0.56 Actual 0.52

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q3 FY25 0.81 0.79 Miss by 0.02
Q4 FY25 0.64 0.64 Met by 0.00
Q1 FY26 −0.15 −0.13 Beat by 0.02
Q2 FY26 0.56 0.52 Miss by 0.04
Q3 FY26 0.69 — Reports 4 November 2026

EPS $

Mar Jun Sep Dec Year
’26 (0.59) 0.52 — — —
’25 (0.04) 0.70 0.79 0.64 2.08
’24 0.00 0.62 0.74 0.63 1.98
’23 0.03 0.62 0.67 0.54 1.85
’22 0.01 0.62 0.61 0.41 1.64
’21 (0.15) 0.56 0.49 0.35 1.25
’20 (0.11) 0.38 0.60 0.23 1.10
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 307 319 — — —
’25 293 308 319 321 1,240
’24 266 280 294 305 1,145
’23 255 265 273 277 1,069
’22 246 262 274 272 1,054
’21 218 233 247 257 955
’20 219 201 228 233 881
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (22) (56) — — —
’25 5 (54) 38 76 66
’24 9 (51) (1) 53 10
’23 (27) 3 33 57 67
’22 (30) (7) 34 31 28
’21 (8) 11 (63) 45 (15)
’20 1 (115) 36 51 (28)
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (28) (61) — — —
’25 1 (58) 34 71 47
’24 6 (56) (4) 50 (4)
’23 (30) 1 31 54 56
’22 (37) (9) 31 26 12
’21 (10) 9 (65) 43 (22)
’20 (2) (118) 34 49 (37)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.7
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 841 920 941 942 881 955 1,054 1,069 1,145 1,240 1,266 +4.4% 1,290 1,358 — +4.6%
Gross margin, % 17.31 17.22 19.84 22.10 20.77 21.41 22.27 22.68 22.13 21.04 19.98 +3.7 pt
EBT 26 34 45 61 43 51 65 69 71 71 60 +12.1%
EBT margin, % 3.04 3.73 4.76 6.49 4.84 5.30 6.19 6.45 6.19 5.76 4.78 +2.7 pt
Net income 19 25 38 48 34 38 47 51 53 54 35 +12.5%
Per share, $
Per share, $ Revenue 29.08 31.63 32.03 31.62 29.06 31.67 36.97 39.72 43.89 48.42 52.01 +5.8%
Earnings 0.65 0.87 1.30 1.62 1.12 1.26 1.66 1.88 2.03 2.13 1.39 +14.1%
Cash flow 2.78 3.88 2.38 2.59 (0.92) (0.51) 0.97 2.50 0.39 2.58 1.50 (0.8%)
Capex (0.20) (0.13) (0.18) (0.36) (0.28) (0.23) (0.56) (0.43) (0.54) (0.73) (0.87) +15.8%
Free cash flow 2.58 3.75 2.20 2.23 (1.21) (0.74) 0.41 2.06 (0.16) 1.84 0.64 (3.7%)
Book value 2.41 3.05 4.05 5.76 6.54 6.91 6.24 7.40 8.49 9.41 8.37 +16.3%
Shares, m 29 29 29 30 30 30 29 27 26 26 25 (1.3%)
Valuation, ×
Valuation, × P/E 24.86 18.46 11.09 13.96 15.40 13.65 13.86 15.21 21.35 17.00 23.96 16.5
P/S 0.55 0.50 0.45 0.72 0.59 0.55 0.63 0.72 0.99 0.75 0.64 0.6
P/B 6.68 5.22 3.53 3.92 2.61 2.50 3.73 3.89 5.12 3.85 3.98 4.1
EV/Sales 0.43 0.33 0.29 0.46 0.29 0.32 0.51 0.62 0.98 0.70 0.66 0.5
EV/FCF 4.89 2.78 4.15 6.54 (6.94) (13.73) 45.45 11.96 (275.30) 18.31 53.90 (20.2)
Cash, $m
Cash, $m Operating cash flow 80 113 70 77 (28) (15) 28 67 10 66 37 (2.2%)
Capex (6) (4) (5) (11) (9) (7) (16) (12) (14) (19) (21) +14.3%
Free cash flow 75 109 65 66 (37) (22) 12 56 (4) 47 16 (5.0%)
Balance, $m
Balance, $m Working capital (40) (14) (5) 82 117 91 120 104 117 119 58 n/m
Net debt (100) (160) (152) (240) (263) (230) (160) (152) (122) (157) (68) +5.1%
Shareholders’ equity 70 89 119 172 198 209 178 199 221 241 204 +14.8%
Returns, %
Returns, % ROA 3.49 3.98 5.29 5.97 4.13 5.00 6.59 7.19 7.22 7.14 4.92 +3.7 pt
ROIC 0.00 0.00 0.00 0.00 0.00 0.00 203.71 80.75 37.53 46.36 24.03 +46.4 pt
ROE 30.26 31.75 36.62 33.21 18.25 18.72 24.47 26.85 25.20 23.55 16.33 (6.7) pt
People
People Employees 115,746 124,212 195,000 127,085 115,075 121,660 127,141 130,513 3,658 3,197 — (32.9%)
Revenue/emp, $m 0.01 0.01 0.00 0.01 0.01 0.01 0.01 0.01 0.31 0.39 — +55.6%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Barrett Business Services, Inc. vs peers in Staffing & Employment Services (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
TNET TriNet Group, Inc. $2.9B 17.1× 20.0× −4.43% (below 0%: shrinking) +50.65% (above 0%: growing) +17.54% (above 0%: growing) 20.07% 6.52% Compare
MAN ManpowerGroup Inc. $2.2B 18.0× 16.0× +4.44% (above 0%: growing) +86.44% (above 0%: growing) −135.70% (below 0%: shrinking) 15.85% 1.70% Compare
NSP Insperity, Inc. $1.9B — (loss-making) 48.9× +1.69% (above 0%: growing) n/m +147.67% (above 0%: growing) 12.87% 0.36% Compare
KFRC Kforce, Inc. $1.0B 27.1× 21.0× +4.49% (above 0%: growing) +23.73% (above 0%: growing) −145.85% (below 0%: shrinking) 28.47% 5.37% Compare
BBSI Barrett Business Services, Inc. $788.4M 23.4× 24.3× +3.77% (above 0%: growing) −26.39% (below 0%: shrinking) −5.41% (below 0%: shrinking) 20.31% 4.82%
KELYB Kelly Services, Inc. $659.7M — (loss-making) — −5.77% (below 0%: shrinking) −40.38% (below 0%: shrinking) −48.93% (below 0%: shrinking) 20.42% 1.55% Compare
KELYA Kelly Services, Inc. $610.2M — (loss-making) 25.8× −5.77% (below 0%: shrinking) −40.38% (below 0%: shrinking) −48.93% (below 0%: shrinking) 20.42% 1.55% Compare
TBI TrueBlue, Inc. $297.4M — (loss-making) — (loss-making) +11.78% (above 0%: growing) n/m −49.23% (below 0%: shrinking) 20.67% (0.26%) Compare
HQI HireQuest, Inc. $226.7M 27.6× 24.0× +6.04% (above 0%: growing) +150.00% (above 0%: growing) −37.48% (below 0%: shrinking) 100.00% 41.28% Compare
Median of peers $844.8M 22.6× 22.5× +3.07% +37.19% −48.93% 20.42% 1.63%

All 18 Staffing & Employment Services stocks →

Pay and ownership Proxy statement filed 20 April 2026

Ownership

Directors and executive officers, together 4.80%
Mawer Investment Management Ltd 8.50%
BlackRock, Inc. 8.40%
Thrivent Financial for Lutherans 7.70%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Barrett Business Services, Inc. (BBSI) Latest News

21 Oct

Impact 3 · · GlobeNewswire

15 Aug

Impact 3 ·

14 Aug

Impact 4 ·

6 Aug

Impact 3 · · Moby transcript

5 Aug

Impact 3 ·
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Impact 3 · · MarketBeat transcript
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1 Jul

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6 May

Impact 4 · · MarketBeat
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Impact 4 · · StockStory
Impact 4 · · GlobeNewswire
Impact 3 · · Zacks

29 Apr

Impact 3 · · Zacks

28 Apr

Impact 3 · · GlobeNewswire

27 Apr

Impact 3 · · Simply Wall St.

1 Apr

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15 Mar

Impact 3 · · Simply Wall St.

4 Mar

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26 Feb

Impact 4 · · GuruFocus.com
Impact 3 · · StockStory
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25 Feb

Impact 4 · · Associated Press Finance
Impact 4 · · GlobeNewswire
Impact 3 · · MarketBeat
Impact 3 · · StockStory

18 Feb

Impact 3 · · ZacksZacksZacks

10 Feb

Impact 4 · · StockStory

8 Feb

Impact 4 ·
stockrow.com/BBSI · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com