Monday 2 November 2026
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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%
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Target Price Range
Analyst price targets
Free accountTen 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
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% |
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