Robert Half Inc.

RHI Industrials Staffing & Employment Services

Robert Half Inc.’s revenue for fiscal 2025 (year ended December 2025) was $5.4 billion, down 7.20% from fiscal 2024.

Revenue
−2.44%
EPS
−36.6%
Free cash flow
−2.55%

Quarter to June 2026, against a year earlier

44.74 1.01 +2.31%
Market cap
$4.5B
P/E
38.0×
Fwd P/E
33.2×
Dividend yield
5.40%
F-score
5/9
Altman Z
n/a
Beneish M
−2.81
Dividend safety
46/100

Insider Decisions last twelve months

Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 1.46%

Capital & Financial Ratios $m

Size
Market Cap 4,480.00
Revenue ttm 5,293.40
Net income ttm 114.78
Free cash flow ttm 215.06
Net debt Q (324.71)
Valuation
P/E 38.03 (above 35: high)
Forward P/E 33.20
Price / sales 0.83
Forward P/S Powerpack
Price / FCF 20.32
Price / book 3.62
Financial health
Current ratio Q 1.47
Debt / equity Q 0.00 (at or below 0.5: strong)
Interest coverage Q —
Growth
Revenue growth Q −2.44% (below 0%: shrinking)
Operating income growth Q −4,145.40% (below 0%: shrinking)
EPS, this year −1.84% (below 0%: weak)
EPS, next year A +51.86% (at or above 15%: strong)
Revenue, next year A −0.85% (below 0%: weak)
EPS, past 5 yrs −13.20% (below 0%: weak)
EPS, next 5 yrs A +23.32% (at or above 15%: strong)

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

Valuation vs history

P/E against its own 10 years 99.56%
10-year low 10-year high
P/S against its own 10 years 14.69%
10-year low 10-year high
P/B against its own 10 years 13.66%
10-year low 10-year high
EV/Sales against its own 10 years 14.43%
10-year low 10-year high
EV/FCF against its own 10 years 86.49%
10-year low 10-year high

Dividends raised every year since 2016

Yield
5.40%
Annual rate
2.36
Payout ratio
205.2%
Growth, 2016–25
+11.6%/yr
  1. 0.88 ’16
  2. 0.96 ’17 +9%
  3. 1.12 ’18 +17%
  4. 1.24 ’19 +11%
  5. 1.36 ’20 +10%
  6. 1.52 ’21 +12%
  7. 1.72 ’22 +13%
  8. 1.92 ’23 +12%
  9. 2.12 ’24 +10%
  10. 2.36 ’25 +11%
  11. 2.37 ’26e +0%
paid forecast Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 732 538 464 325
Receivables 861 772 748 821
Inventory — — — —
Other 133 146 132 141
2,297 2,129 2,119 2,138
2023 2024 2025 Q'26
Payables 157 167 159 172
ST’ Debt — — — —
Other 573 678 772 827
1,235 1,286 1,385 1,456

Compound Annual Growth %

10y 5y 3y
Sales 0.54% 1.03% (9.42%)
Cash Flow (3.10%) (11.71%) (22.36%)
Earnings (9.42%) (15.37%) (41.31%)
Book Value 2.43% 1.14% (6.65%)

Earnings Trends EPS, adjusted, against the consensus

EPS $

Mar Jun Sep Dec Year
’26 0.14 0.26 — — —
’25 0.17 0.41 0.43 0.32 1.33
’24 0.61 0.66 0.64 0.53 2.44
’23 1.14 1.00 0.90 0.83 3.88
’22 1.52 1.60 1.53 1.37 6.03
’21 0.98 1.33 1.53 1.51 5.36
’20 0.79 0.41 0.67 0.84 2.70
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 1,300 1,336 — — —
’25 1,352 1,370 1,354 1,302 5,379
’24 1,476 1,473 1,465 1,382 5,796
’23 1,716 1,639 1,564 1,473 6,393
’22 1,815 1,863 1,833 1,727 7,238
’21 1,398 1,581 1,713 1,770 6,461
’20 1,507 1,108 1,190 1,304 5,109
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (112) 109 — — —
’25 (59) 119 77 183 320
’24 (16) 142 130 155 410
’23 66 281 176 115 637
’22 69 233 179 202 684
’21 68 165 225 145 603
’20 125 301 139 32 597
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (121) 102 — — —
’25 (72) 104 64 171 267
’24 (28) 130 112 141 354
’23 56 271 161 103 591
’22 54 213 166 190 623
’21 58 159 216 133 567
’20 111 293 132 27 563
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

3.2
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 5,250 5,267 5,800 6,074 5,109 6,461 7,238 6,393 5,796 5,379 5,293 +0.3% 5,333 5,544 5,813 +2.6%
Gross margin, % 41.15 41.08 41.57 41.57 39.39 41.72 42.75 40.28 38.77 37.23 36.80 (3.9) pt
EBT 554 518 592 626 422 804 897 577 358 194 183 (11.0%)
EBT margin, % 10.55 9.83 10.20 10.30 8.26 12.44 12.39 9.02 6.17 3.61 3.45 (6.9) pt
Net income 343 291 434 454 306 599 658 411 252 133 115 (10.0%)
Per share, $
Per share, $ Revenue 41.02 42.42 48.13 52.52 45.32 58.48 66.89 60.58 56.46 53.72 52.97 +3.0%
Earnings 2.68 2.34 3.57 3.90 2.72 5.42 6.08 3.88 2.45 1.33 1.15 (7.5%)
Cash flow 3.45 3.65 4.75 4.49 5.29 5.46 6.32 6.04 4.00 3.20 2.56 (0.9%)
Capex (0.65) (0.33) (0.35) (0.51) (0.30) (0.33) (0.56) (0.43) (0.55) (0.53) (0.41) (2.2%)
Free cash flow 2.81 3.32 4.40 3.98 5.00 5.13 5.75 5.60 3.45 2.67 2.15 (0.6%)
Book value 8.49 8.90 8.82 9.89 10.69 12.50 14.50 15.05 13.42 12.74 12.08 +4.6%
Shares, m 128 124 121 116 113 110 108 106 103 100 100 (2.7%)
Valuation, ×
Valuation, × P/E 18.57 24.00 15.93 16.11 23.06 20.65 12.10 22.19 28.88 20.42 38.03 20.2
P/S 1.21 1.32 1.19 1.20 1.38 1.91 1.10 1.42 1.25 0.51 0.83 1.2
P/B 5.86 6.28 6.48 6.39 5.84 8.92 5.08 5.72 5.25 2.13 3.62 5.8
EV/Sales 1.16 1.26 1.14 1.16 1.27 1.81 1.01 1.31 1.16 0.42 0.76 1.2
EV/FCF 17.01 16.12 12.49 15.28 11.49 20.66 11.73 14.14 18.91 8.45 18.81 14.6
Cash, $m
Cash, $m Operating cash flow 442 453 572 520 597 603 684 637 410 320 256 (3.5%)
Capex (83) (41) (42) (59) (33) (37) (61) (46) (56) (53) (41) (4.8%)
Free cash flow 359 412 530 460 563 567 623 591 354 267 215 (3.2%)
Balance, $m
Balance, $m Working capital 604 684 654 688 796 910 1,069 1,062 844 735 682 +2.2%
Net debt (259) (294) (276) (270) (574) (619) (659) (732) (538) (464) (325) +6.7%
Shareholders’ equity 1,087 1,105 1,063 1,144 1,205 1,381 1,569 1,588 1,378 1,276 1,208 +1.8%
Returns, %
Returns, % ROA 19.91 15.94 23.04 21.57 12.58 21.73 22.24 13.76 8.58 4.66 4.03 (15.2) pt
ROIC 41.80 39.74 46.63 44.39 41.66 65.91 61.06 33.90 17.96 5.89 0.75 (35.9) pt
ROE 32.85 26.51 40.05 41.18 26.08 46.29 44.61 26.05 16.96 10.02 9.11 (22.8) pt
People
People Employees 16,400 17,200 18,900 16,000 13,000 14,600 16,300 15,000 14,700 14,500 — (1.4%)
Revenue/emp, $m 0.32 0.31 0.31 0.38 0.39 0.44 0.44 0.43 0.39 0.37 — +1.6%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Robert Half 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
RHI Robert Half Inc. $4.5B 38.0× 33.2× −2.44% (below 0%: shrinking) −36.59% (below 0%: shrinking) −2.55% (below 0%: shrinking) 35.47% (4.66%)
KFY Korn/Ferry International $4.2B 14.2× 13.9× +6.86% (above 0%: growing) +5.47% (above 0%: growing) −2.15% (below 0%: shrinking) 25.61% 12.21% 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% Compare
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
Median of peers $1.4B 18.0× 21.0× +2.73% +5.47% −27.17% 20.37% 3.26%

All 18 Staffing & Employment Services stocks →

Pay and ownership Proxy statement filed 10 April 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 6.24m (4.95m) 50.57
2024 7.00m 3.41m 123.53
2023 8.13m 15.21m 149.55
2022 9.39m (945.77k) 122.44
2021 8.97m 31.45m 181.35

Ownership

Directors and executive officers, together 3.50%
BlackRock, Inc. 14.20%
AQR Capital Management, LLCOne Greenwich Plaza, Suite 6.20%
Capital World Investors333 South Hope Street, 5.80%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. 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

Robert Half Inc. (RHI) Latest News

24 Oct

22 Oct

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