Pricing Log in Create free account
Friday 6 November 2026 Export KELYA’s income statement to Excel — free account

Kelly Services, Inc.

KELYA Industrials Staffing & Employment Services

Kelly Services, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $4.3 billion, down 1.87% from fiscal 2024.

Revenue
−0.83%
EPS
+98.8%
Free cash flow
−97.5%
Total debt
+3.46%

Quarter to September 2026, against a year earlier

13.87 3.04 −17.98%
Market cap
$515.3M
P/E
0.0×
Fwd P/E
25.8×
Dividend yield
2.16%
F-score
5/9
Altman Z
2.77
Beneish M
−3.36
Dividend safety
53/100
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Bought, $m 0.33
Sold, $m 106.29
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — 4 2 — — — — — — — —
Sell 1 1 — — — 1 — — — — — —
Insider Ownership 14.44%

Capital & Financial Ratios $m

Size
Market Cap 515.34
Revenue ttm 4,055.30
Net income ttm (125.00)
Free cash flow ttm (2.10)
Net debt Q 100.30
Valuation
P/E 0.00
Forward P/E 25.80
Price / sales 0.12
Forward P/S Powerpack
Price / FCF 0.00
Price / book 0.49
Financial health
Current ratio Q 1.55 (at or above 1.5: strong)
Debt / equity Q 0.13 (at or below 0.5: strong)
Interest coverage Q —
Growth
Revenue growth Q −0.83% (below 0%: shrinking)
Operating income growth Q +100.59% (above 0%: growing)
EPS, this year −13.10% (below 0%: weak)
EPS, next year A +66.21% (at or above 15%: strong)
Revenue, next year A −3.48% (below 0%: weak)
EPS, past 5 yrs —
EPS, next 5 yrs A −2.04% (below 0%: weak)

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 0.1×, against a ten-year median of 0.1×; over the ten years it ranged from 0.1× in 2025 to 0.2× in 2024.
P/S against its own 10 years 21.01%
10-year low 10-year high
P/B against its own 10 years 20.17%
10-year low 10-year high
EV/Sales against its own 10 years 47.82%
10-year low 10-year high

Dividends

Yield
2.16%
Annual rate
0.30
Payout ratio
—
Growth, 2018–26
−3.53%/yr
  1. 0.30 ’18
  2. 0.30 ’19 +0
  3. 0.08 ’20 −75
  4. 0.10 ’21 +33
  5. 0.28 ’22 +175
  6. 0.30 ’23 +9
  7. 0.30 ’24 +0
  8. 0.30 ’25 +0
  9. 0.23 ’26 −25
paid change on the year, %

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 126 39 33 22
Receivables 1,161 1,256 1,189 1,300
Inventory — — — —
Other 291 — — —
1,627 1,366 1,268 1,375
2023 2024 2025 Q'26
Payables 646 614 631 671
ST’ Debt — — — —
Other 170 — — —
1,020 827 822 889

Compound Annual Growth %

10y 5y 3y
Sales (2.58%) (1.20%) (5.05%)
Cash Flow 17.09% (8.00%) 0.00%
Earnings 0.00% 0.00% 0.00%
Book Value 0.87% (4.09%) (8.00%)

Earnings Trends EPS, adjusted, against the consensus

Q2 FY26 Estimate 0.24 Actual 0.37

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q3 FY25 0.42 0.18 Miss by 0.24
Q4 FY25 0.45 0.16 Miss by 0.29
Q1 FY26 0.07 0.03 Miss by 0.04
Q2 FY26 0.24 0.37 Beat by 0.13
Q3 FY26 0.07 — Reports 5 November 2026

EPS $

Mar Jun Sep Dec Year
’26 (0.17) 0.31 (0.05) — —
’25 0.16 0.52 (4.26) (3.69) (7.24)
’24 0.70 0.12 0.02 (0.90) (0.02)
’23 0.29 0.20 0.18 0.31 0.98
’22 (1.23) 0.06 (0.43) (0.02) (1.64)
’21 0.64 0.60 0.87 1.80 3.91
’20 (3.91) 1.04 0.42 0.59 (1.83)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 1,041 1,038 927 — —
’25 1,165 1,102 935 1,049 4,251
’24 1,045 1,058 1,038 1,191 4,332
’23 1,268 1,217 1,118 1,232 4,836
’22 1,296 1,267 1,168 1,234 4,965
’21 1,206 1,258 1,195 1,250 4,910
’20 1,261 975 1,038 1,241 4,516
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (25) 49 (54) — —
’25 24 95 (25) 29 123
’24 (25) 58 (20) 15 27
’23 (13) 37 10 43 77
’22 (106) (1) (4) 35 (76)
’21 11 37 (17) 54 85
’20 8 170 38 (30) 186
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (26) 48 (54) — —
’25 21 93 (28) 28 115
’24 (29) 59 (23) 13 20
’23 (18) 32 7 40 61
’22 (107) 1 (6) 35 (78)
’21 8 35 (19) 50 74
’20 61 165 (3) 3 226
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 Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 5,277 5,374 5,514 5,356 4,516 4,910 4,965 4,836 4,332 4,251 4,055 (2.4%) 4,103 4,255 — 0.0%
Gross margin, % 17.18 17.75 17.63 18.08 18.33 18.72 20.38 19.88 20.37 20.07 19.72 +2.9 pt
EBT 150 82 (9) 116 (107) 186 (71) 25 (22) (79) 5 n/m
EBT margin, % 2.84 1.52 (0.17) 2.17 (2.36) 3.78 (1.43) 0.51 (0.51) (1.85) 0.11 (4.7) pt
Net income 121 72 23 112 (72) 156 (62) 36 (1) (254) (125) n/m
Per share, $
Per share, $ Revenue 138.50 140.32 142.11 136.97 114.91 124.61 130.33 134.70 122.02 121.11 116.87 (1.5%)
Earnings 3.15 1.84 0.59 2.85 (1.83) 3.93 (1.64) 0.99 (0.02) (7.24) (3.60) n/m
Cash flow 1.05 1.85 1.58 2.61 4.73 2.16 (2.00) 2.14 0.76 3.49 (0.06) +14.3%
Capex (0.33) (0.64) (0.66) (0.16) 1.02 (0.28) (0.05) (0.43) (0.19) (0.21) 0.00 (4.8%)
Free cash flow 0.72 1.21 0.92 2.46 5.75 1.87 (2.05) 1.71 0.57 3.28 (0.06) +18.4%
Book value 26.56 30.07 29.88 32.34 30.61 33.91 32.92 34.92 34.78 27.82 28.25 +0.5%
Shares, m 38 38 39 39 39 39 38 36 36 35 35 (0.9%)
Valuation, ×
Valuation, × P/E 7.31 14.88 36.57 7.95 0.00 4.28 0.00 22.25 0.00 0.00 0.00 9.3
P/S 0.17 0.20 0.14 0.16 0.18 0.13 0.13 0.16 0.11 0.07 0.12 0.1
P/B 0.87 0.91 0.69 0.70 0.67 0.49 0.51 0.63 0.40 0.32 0.49 0.6
EV/Sales 0.16 0.19 0.14 0.17 0.15 0.13 0.11 0.15 0.16 0.09 0.14 0.1
EV/FCF 31.37 22.22 21.27 129.14 2.90 8.54 (7.00) 11.89 34.60 3.28 (75.56) 25.8
Cash, $m
Cash, $m Operating cash flow 40 71 61 102 186 85 (76) 77 27 123 (2) +13.2%
Capex (13) (25) (26) (6) 40 (11) (2) (15) (7) (7) (6) (5.7%)
Free cash flow 27 46 36 96 226 74 (78) 61 20 115 (2) +17.3%
Balance, $m
Balance, $m Working capital 444 458 503 522 624 494 586 607 539 447 486 +0.1%
Net debt (30) (22) (33) 21 (153) (31) (98) (126) 200 69 100 n/m
Shareholders’ equity 1,012 1,152 1,160 1,265 1,203 1,336 1,254 1,254 1,235 977 980 (0.4%)
Returns, %
Returns, % ROA 5.96 3.20 0.98 4.64 (2.86) 5.67 (2.25) 1.39 (0.02) (10.41) 0.00 (16.4) pt
ROIC 4.02 4.61 4.85 3.98 (5.57) 2.33 0.80 1.35 (0.66) (4.17) 0.63 (8.2) pt
ROE 12.39 6.52 1.98 9.18 (5.84) 12.18 (4.83) 2.90 (0.05) (22.98) 0.00 (35.4) pt
People
People Employees 1,100 1,100 1,100 440,000 370,000 350,000 300,000 3,700 4,200 3,600 — +14.1%
Revenue/emp, $m 4.80 4.89 5.01 0.01 0.01 0.01 0.02 1.31 1.03 1.18 — (14.4%)
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026

Kelly 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. $3.1B 18.0× 20.0× −4.36% (below 0%: shrinking) −3.73% (below 0%: shrinking) −3.64% (below 0%: shrinking) 17.21% 3.27% Compare
MAN ManpowerGroup Inc. $2.2B 17.9× 16.0× +4.44% (above 0%: growing) +87.18% (above 0%: growing) −135.70% (below 0%: shrinking) 15.85% 1.70% Compare
NSP Insperity, Inc. $1.9B 685× 48.9× +1.73% (above 0%: growing) n/m +15.00% (above 0%: growing) 12.54% (0.12%) Compare
KFRC Kforce, Inc. $997.7M 23.3× 21.0× +7.55% (above 0%: growing) +42.86% (above 0%: growing) −70.26% (below 0%: shrinking) 28.19% 6.29% Compare
BBSI Barrett Business Services, Inc. $736.5M 23.6× 24.3× +4.74% (above 0%: growing) −13.75% (below 0%: shrinking) −36.74% (below 0%: shrinking) 21.75% 6.36% Compare
KELYB Kelly Services, Inc. $659.7M — (loss-making) — −0.83% (below 0%: shrinking) n/m −97.46% (below 0%: shrinking) 20.97% 0.06% Compare
KELYA Kelly Services, Inc. $515.3M — (loss-making) 25.8× −0.83% (below 0%: shrinking) n/m −97.46% (below 0%: shrinking) 20.97% 0.06%
TBI TrueBlue, Inc. $376.3M — (loss-making) — (loss-making) +20.75% (above 0%: growing) n/m −20.85% (below 0%: shrinking) 20.55% 2.30% Compare
HQI HireQuest, Inc. $239.2M 29.2× 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 $867.1M 23.4× 22.5× +4.59% +42.86% −37.11% 20.76% 2.79%

All 18 Staffing & Employment Services stocks →

Pay and ownership Proxy statement filed 13 April 2026

Ownership

Directors and executive officers, together 0.00%
Hunt Equity Opportunities, LLC (“Hunt”) 92.20%
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

Kelly Services, Inc. (KELYA) Latest News

5 Nov

Impact 3 · · GuruFocus.com

29 Oct

Impact 4 · · GlobeNewswire

27 Oct

Impact 3 · · GlobeNewswire

22 Oct

Impact 3 · · GlobeNewswire

13 Oct

Impact 3 · · GlobeNewswire

6 Oct

Impact 4 · · GlobeNewswire

5 Oct

Impact 3 · · Insider Monkey

30 Sep

Impact 4 ·

24 Sep

Impact 4 · · GlobeNewswire

19 Aug

Impact 3 · · GlobeNewswire

6 Aug

Impact 3 ·

3 Aug

Impact 3 ·

6 Jul

Impact 3 ·

7 May

Impact 4 · · GlobeNewswire
Impact 3 · · Zacks

9 Apr

Impact 3 · · Insider Monkey

12 Mar

Impact 4 · · Simply Wall St.

10 Mar

Impact 3 · · GlobeNewswire

4 Mar

Impact 3 · · GlobeNewswire

25 Feb

Impact 4 · · Simply Wall St.

12 Feb

Impact 4 · · GlobeNewswire
Impact 3 · · GuruFocus.com transcript
Impact 3 · · Zacks
Impact 3 · · Associated Press Finance24/7 Wall St.Motley FoolBarchartMotley Fool24/7 Wall St.Motley FoolGOBankingRates

11 Feb

Impact 3 · · GlobeNewswire

10 Feb

Impact 3 · · Simply Wall St.Simply Wall St.Simply Wall St.

30 Jan

Impact 4 · · GlobeNewswireInsider MonkeySimply Wall St.Simply Wall St.American BankerSimply Wall St.Banking DiveMT Newswires

27 Jan

Impact 3 · · Simply Wall St.Simply Wall St.Simply Wall St.Simply Wall St.Simply Wall St.Simply Wall St.Simply Wall St.Simply Wall St.

12 Jan

Impact 3 · · GlobeNewswire

11 Jan

Impact 3 · · Simply Wall St.
stockrow.com/KELYA · Data as of Nov 5, 2026 · For information only; not investment advice. · © 2026 stockrow.com