Kforce, Inc.
KFRC Industrials Staffing & Employment Services
Kforce, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.3 billion, down 5.43% from fiscal 2024. In the quarter to June 2026, revenue grew 4.49%, EPS grew 23.7%, free cash flow fell 145.9% and total debt rose 53.0%, each against the same quarter a year earlier. Dividend growth for ten consecutive years.
Follow KFRC
Kforce, Inc. (KFRC) Altman Z-score
Kforce, Inc.'s Altman Z-score for fiscal 2025 is 7.85, in the safe zone (above 2.99).
Altman Z-score, annual
Embed this chart
Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | 7.85 | (2.34) |
| FY2024 | 10.20 | (1.33) |
| FY2023 | 11.52 | 0.82 |
| FY2022 | 10.70 | 2.18 |
| FY2021 | 8.52 | 1.57 |
| FY2020 | 6.96 | (1.60) |
| FY2019 | 8.56 | 0.95 |
| FY2018 | 7.60 | 1.08 |
| FY2017 | 6.52 | (0.22) |
| FY2016 | 6.74 | (0.75) |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.24 | — | 0.29 | |
| Retained earnings / total assets | 1.51 | — | 2.11 | |
| EBIT / total assets | 0.14 | — | 0.45 | |
| Market value of equity / total liabilities | 2.27 | — | 1.36 | |
| Sales / total assets | 3.63 | — | 3.63 | |
| Altman Z-score | Safe zone | 7.85 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 7.97 | ||
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| KFRC Kforce, Inc. | 7.9× |
| NSP Insperity, Inc. compare | 3.9× |
| TBI TrueBlue, Inc. compare | 3.5× |
| BBSI Barrett Business Services, Inc. compare | 3.4× |
| MAN ManpowerGroup Inc. compare | 2.8× |
| KELYA Kelly Services, Inc. compare | 2.8× |
| KELYB Kelly Services, Inc. compare | 2.8× |
| TNET TriNet Group, Inc. compare | 1.6× |
| HHR HeadHunter Group PLC Sponsored ADR compare | — |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets