| Nov 25 | Feb 26 | May 26 | Aug 26 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Buy | — | 2 | — | — | — | 4 | — | 1 | — | — | — | — |
| Sell | — | — | — | — | — | — | — | — | — | 2 | — | — |
| total | individual payouts | |
|---|---|---|
| 2027 | ‡‡‡‡ |
|
| 2026 | 0.32 |
—
—
—
|
| 2025 | 0.32 |
—
—
—
—
|
| 2024 | 0.31 |
—
—
—
—
|
| 2023 | 0.30 |
—
—
—
—
|
| 2022 | 0.30 |
—
—
—
—
|
| 2021 | 0.30 |
—
—
—
—
|
| 2020 | 0.30 |
—
—
—
—
|
| 2019 | 0.28 |
—
—
—
—
|
| 2018 | 0.25 |
—
—
—
—
|
| 2017 | 0.25 |
—
—
—
—
|
| 2016 | 0.22 |
—
—
—
—
|
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Cash | 152.20 | 121.86 | 157.19 | 67.89 |
| Receivables | 179.39 | 237.20 | 251.59 | 301.49 |
| Inventory | — | — | — | — |
| Other | 97.47 | 97.69 | 97.21 | 72.35 |
| 447.50 | 475.44 | 524.64 | 466.32 |
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Payables | 6.59 | 6.79 | 7.43 | 7.00 |
| ST’ Debt | — | — | — | — |
| Other | 50.01 | 39.08 | 32.88 | 30.37 |
| 343.25 | 358.90 | 405.87 | 407.89 |
| 10y | 5y | 3y | |
| Sales | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Cash Flow | ‡‡‡‡‡ | ‡‡‡ | ‡‡‡‡‡ |
| Earnings | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Book Value | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 307.01 | 319.27 | — | — |
—
|
| ’25 | 292.57 | 307.66 | 318.95 | 321.13 |
1,240.30
|
| ’24 | 265.78 | 279.65 | 294.28 | 304.82 |
1,144.53
|
| ’23 | 254.67 | 264.63 | 273.33 | 276.68 |
1,069.31
|
| ’22 | 246.38 | 262.18 | 273.82 | 271.95 |
1,054.33
|
| ’21 | 218.45 | 233.20 | 246.95 | 256.57 |
955.17
|
| ’20 | 219.10 | 201.03 | 227.51 | 233.18 |
880.82
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | (22.08) | (55.88) | — | — |
—
|
| ’25 | 5.21 | (53.82) | 38.43 | 76.13 |
65.96
|
| ’24 | 8.98 | (51.33) | (0.93) | 53.38 |
10.09
|
| ’23 | (26.51) | 3.32 | 33.20 | 57.22 |
67.22
|
| ’22 | (30.21) | (7.21) | 34.36 | 30.84 |
27.78
|
| ’21 | (7.88) | 10.51 | (62.92) | 44.85 |
(15.46)
|
| ’20 | 1.04 | (115.43) | 35.53 | 50.95 |
(27.91)
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | (27.81) | (61.38) | — | — |
—
|
| ’25 | 0.70 | (58.23) | 34.07 | 70.64 |
47.18
|
| ’24 | 6.20 | (56.26) | (4.23) | 50.22 |
(4.06)
|
| ’23 | (29.51) | 0.51 | 31.00 | 53.51 |
55.52
|
| ’22 | (36.96) | (8.86) | 31.31 | 26.32 |
11.81
|
| ’21 | (9.66) | 9.06 | (64.72) | 43.06 |
(22.26)
|
| ’20 | (2.40) | (117.72) | 34.32 | 49.27 |
(36.52)
|
| 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
|
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | 14.44 | 19.06 | 27.06 | 33.01 | — | — | — |
Low Price
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 25.20 | 29.85 | 44.39 | 49.65 | — | — | — |
High Price
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 127,141 | 130,513 | 3,658 | 3,197 | — | — | — |
Employees
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.01 | 0.01 | 0.31 | 0.39 | — | — | — |
Revenue/Emp
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1,054.33 | 1,069.31 | 1,144.53 | 1,240.30 | ‡‡‡‡‡ | ‡‡‡‡‡ | — |
Revenue
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 22.27% | 22.68% | 22.13% | 21.04% | — | — | — |
Gross Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 65.30 | 68.99 | 70.82 | 71.40 | — | — | — |
EBT
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 6.19% | 6.45% | 6.19% | 5.76% | ‡‡‡ | ‡‡‡ | — |
EBT Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 47.27 | 50.61 | 52.99 | 54.45 | ‡‡‡‡‡ | ‡‡‡‡‡ | — |
Net Income
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 6.23 | 7.11 | 7.60 | 8.26 | — | — | — |
Depreciation
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 36.97 | 39.72 | 43.89 | 48.42 | ‡‡‡‡‡ | ‡‡‡‡‡ | — |
Revenue/Sh
|
| ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1.66 | 1.88 | 2.03 | 2.13 | ‡‡‡‡ | ‡‡‡‡‡ | — |
Earnings/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.97 | 2.50 | 0.39 | 2.58 | — | — | — |
Cash Flow/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (0.56) | (0.43) | (0.54) | (0.73) | ‡‡‡ | ‡‡‡ | — |
Capex/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.41 | 2.06 | (0.16) | 1.84 | — | — | — |
Free CF/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 6.24 | 7.40 | 8.49 | 9.41 | — | — | — |
Book Value/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 28.52 | 26.92 | 26.08 | 25.61 | ‡‡‡‡‡ | ‡‡‡‡‡ | — |
Shares
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 13.86 | 15.21 | 21.35 | 17.00 | ‡‡‡‡ | ‡‡‡‡ | — |
PE Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.63 | 0.72 | 0.99 | 0.75 | ‡‡‡ | ‡‡‡ | — |
PS Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 3.73 | 3.89 | 5.12 | 3.85 | ‡‡‡ | ‡‡‡ | — |
PB Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.51 | 0.62 | 0.98 | 0.70 | ‡‡‡‡ | ‡‡‡‡ | — |
EV/Sales
|
| ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 45.45 | 11.96 | (275.30) | 18.31 | — | — | — |
EV/FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 27.78 | 67.22 | 10.09 | 65.96 | ‡‡‡ | ‡‡‡ | — |
Op' Cash Flow
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (15.97) | (11.71) | (14.15) | (18.78) | ‡‡‡‡‡ | — | — |
Capex
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 11.81 | 55.52 | (4.06) | 47.18 | — | — | — |
FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 119.63 | 104.25 | 116.55 | 118.77 | — | — | — |
Working Cap'
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 21.18 | — | — | — | — | — | — |
Total Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (138.57) | (152.19) | (121.86) | (157.19) | — | — | — |
Net Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 177.84 | 199.14 | 221.40 | 241.00 | — | — | — |
Sh' Equity
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | 6.59% | 7.19% | 7.22% | 7.14% | — | — | — |
ROA
|
| ‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡ | 93.85% | 80.75% | 37.53% | 46.36% | — | — | — |
ROIC
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 24.47% | 26.85% | 25.20% | 23.55% | — | — | — |
ROE
|
Barrett Business Services, Inc. (BBSI), a leading professional employer organization (PEO) co-employer for small and mid-sized firms, showcases robust resilience and growth in the outsourcing of HR, payroll, and compliance amid tightening labor markets. Revenue has surged from $841 million in 2016 to $1.14 billion in 2024 (4% CAGR, accelerating post-2020), with forecasts projecting $1.41 billion by 2027 (+9% YoY in 2025). A standout 2024 efficiency pivot—employee headcount dropping sharply while revenue per employee exploded to $312,884—signals smarter scaling, bolstering margins and positioning BBSI to capture share in a fragmented sector.
Profitability metrics are firing: EBT more than doubled to $71 million (15% CAGR), EPS climbed 212% to $2.03 with projections to $2.83 by 2027, and ROE averages a stellar 27%. The balance sheet gleams with net cash of $122 million, equity up 217%, and forward valuations screaming value—PE compressing to 11x by 2027 despite 15%+ earnings growth. Stock trades 28% below 2024 highs, implying 64% mean upside to analyst targets.
Tailwinds like SMB talent shortages, regulations, and BBSI’s scalable model fuel 10%+ CAGR through 2027, amplified by insider buys, cash for buybacks/dividends, and a history of swift post-crisis rebounds. This undervalued growth story offers a compelling entry for the next leg higher.
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