Saturday 17 October 2026 Export TBI’s income statement to Excel — free account

TrueBlue, Inc.

TBI Industrials Staffing & Employment Services

TrueBlue, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.6 billion, up 3.10% from fiscal 2024. In the quarter to June 2026, revenue grew 11.8%, EPS fell 1,937.0%, free cash flow fell 49.2% and total debt rose 53.2%, each against the same quarter a year earlier. Insiders bought in the last twelve months.

8.28 0.26 −3.04%

Follow TBI

Alert me

Market cap: $260.0M
P/E: 0.0×
Fwd P/E: −13.8×
Dividend yield: —
F-score: 4/9
Altman Z: 3.46
Beneish M: −2.27
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 0.15

Total sells 0.01

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	3	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	1	—	—	—	—

Insider Ownership 11.06%

Capital & Financial Ratios $m

Market Cap 259.99

Revenue 1,691.01

Net Income (56.62)

Free Cash Flow (67.43)

Net Debt 59.15

Current Ratio 2.28

Debt/Equity 0.32

P/E ratio 0.00

Fwd P/E (13.80)

P/S ratio 0.15

P/B ratio 0.99

Past 5Y EPS Growth —

This Y EPS Growth 97.55%

Next Y EPS Growth 4,999.90%

Next Y revenue growth 8.11%

Next 5Y EPS Growth 48.00%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/S against its own 10 years 17.29%

10-year low 10-year high

P/B against its own 10 years 25.88%

10-year low 10-year high

EV/Sales against its own 10 years 19.79%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2023	Powerpack
2022	Powerpack
2021	Powerpack
2020	Powerpack
2019	Powerpack
2017	Powerpack

special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	62	23	25	23
Receivables	264	223	242	269
Inventory	—	—	—	—
Other	—	—	—	—
	355	277	298	318

	2023	2024	2025	Q'26
Payables	56	46	36	32
ST’ Debt	—	—	—	—
Other	10	7	4	3
	204	160	139	139

Compound Annual Growth %

	10y	5y	3y
Sales	(4.99%)	(2.63%)	(10.50%)
Cash Flow	0.00%	0.00%	0.00%
Earnings	0.00%	0.00%	0.00%
Book Value	(6.46%)	(8.88%)	(17.91%)

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	399	443	—	—	—
’25	370	396	431	418	1,616
’24	403	396	382	386	1,567
’23	465	476	473	492	1,906
’22	552	569	576	558	2,254
’21	459	516	577	622	2,174
’20	494	359	475	519	1,846

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(10)	(21)	—	—	—
’25	(22)	(12)	(20)	(4)	(58)
’24	(14)	(2)	(7)	6	(17)
’23	9	12	(1)	15	35
’22	26	27	27	40	121
’21	28	19	(47)	20	20
’20	28	76	(5)	54	153

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(13)	(24)	—	—	—
’25	(27)	(16)	(23)	(7)	(74)
’24	(22)	(8)	(13)	1	(41)
’23	1	4	(9)	7	3
’22	21	18	18	32	90
’21	18	10	(56)	14	(15)
’20	21	71	(9)	43	125

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	(0.66)	(0.11)	—	—	—
’25	(0.48)	(0.01)	(0.06)	(1.05)	(1.61)
’24	(0.05)	(3.45)	(0.26)	(0.40)	(4.17)
’23	(0.13)	(0.24)	0.00	(0.08)	(0.45)
’22	0.30	0.72	0.63	0.21	1.86
’21	0.20	0.45	0.53	0.57	1.74
’20	(4.04)	(0.23)	0.25	0.23	(4.01)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	16.50	19.30	20.56	18.62	12.02	18.26	15.77	10.15	6.63	3.45	Analyst estimates 2026–2028 Powerpack
	High	27.57	29.50	29.85	25.75	24.26	32.91	30.32	20.85	15.60	8.56
People
People	Employees	6,000	5,500	6,700	6,200	5,200	6,400	6,500	5,000	4,200	3,500
	Revenue/emp, $m	0.46	0.46	0.37	0.38	0.36	0.34	0.35	0.38	0.37	0.46
Income, $m
Income, $m	Revenue	2,751	2,509	2,499	2,369	1,846	2,174	2,254	1,906	1,567	1,616
	Gross margin, %	24.71	25.29	26.23	26.17	23.87	25.78	26.71	26.55	25.93	22.76
	EBT	(20)	78	76	70	(173)	74	73	(21)	(89)	(46)
	EBT margin, %	(0.74)	3.09	3.03	2.96	(9.38)	3.40	3.26	(1.08)	(5.65)	(2.82)
	Net income	(15)	55	66	63	(142)	62	62	(14)	(126)	(48)
	Depreciation	150	46	41	38	207	28	29	35	89	29
Per share, $
Per share, $	Revenue	66.04	60.89	62.50	61.09	52.21	62.46	68.54	60.87	51.94	54.14
	Earnings	(0.37)	1.35	1.64	1.63	(4.01)	1.77	1.89	(0.45)	(4.17)	(1.61)
	Cash flow	6.26	2.43	3.14	2.41	4.31	0.59	3.66	1.11	(0.57)	(1.94)
	Capex	(0.70)	(0.53)	(0.43)	(0.73)	(0.77)	(1.01)	(0.93)	(1.00)	(0.80)	(0.53)
	Free cash flow	5.56	1.90	2.72	1.69	3.55	(0.42)	2.73	0.11	(1.37)	(2.47)
	Book value	12.61	13.47	14.79	16.14	12.36	14.17	15.09	14.62	10.45	9.20
	Shares, m	42	41	40	39	35	35	33	31	30	30
Valuation, ×
Valuation, ×	P/E	0.00	20.11	13.48	14.76	0.00	15.63	10.46	0.00	0.00	0.00
	P/S	0.38	0.45	0.36	0.39	0.36	0.44	0.29	0.25	0.16	0.08
	P/B	1.98	2.03	1.50	1.49	1.51	1.95	1.32	1.05	0.80	0.49
	EV/Sales	0.42	0.49	0.38	0.40	0.37	0.46	0.29	0.26	0.17	0.13
	EV/FCF	4.93	15.84	8.71	14.47	5.42	(68.31)	7.34	142.52	(6.45)	(2.77)
Cash, $m
Cash, $m	Operating cash flow	261	100	126	94	153	20	121	35	(17)	(58)
	Capex	(29)	(22)	(17)	(28)	(27)	(35)	(31)	(31)	(24)	(16)
	Free cash flow	232	78	109	65	125	(15)	90	3	(41)	(74)
Balance, $m
Balance, $m	Working capital	177	216	204	191	110	187	187	151	117	159
	Total debt	135	116	80	37	55	55	51	—	8	66
	Net debt	100	88	33	(1)	(8)	5	(21)	(62)	(15)	41
	Shareholders’ equity	525	555	591	626	437	493	496	458	315	275
Returns, %
Returns, %	ROA	(1.28)	4.95	5.91	5.60	(13.40)	6.12	6.07	(1.48)	(15.97)	(7.30)
	ROIC	(1.70)	7.54	7.40	6.61	(25.44)	8.59	9.49	(3.76)	(19.30)	(9.23)
	ROE	(2.88)	10.27	11.47	10.36	(26.68)	13.25	12.59	(2.97)	(32.53)	(16.26)

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
KFRC Kforce, Inc.	$926.3M	24.1×	19.4×	+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.	$783.8M	23.4×	21.5×	+3.77% (above 0%: growing)	−26.39% (below 0%: shrinking)	−5.41% (below 0%: shrinking)	20.31%	4.82%	Compare
HHR HeadHunter Group PLC Sponsored ADR	$761.1M	6.5×	7.9×	+4.60% (above 0%: growing)	n/m	+41.15% (above 0%: growing)	56.09%	51.95%	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.	$558.1M	— (loss-making)	19.2×	−5.77% (below 0%: shrinking)	−40.38% (below 0%: shrinking)	−48.93% (below 0%: shrinking)	20.42%	1.55%	Compare
TBI TrueBlue, Inc.	$260.0M	— (loss-making)	— (loss-making)	+11.78% (above 0%: growing)	n/m	−49.23% (below 0%: shrinking)	20.67%	(0.26%)
HQI HireQuest, Inc.	$243.3M	30.3×	25.2×	+6.04% (above 0%: growing)	+150.00% (above 0%: growing)	−37.48% (below 0%: shrinking)	100.00%	41.28%	Compare
MHH Mastech Digital, Inc	$77.1M	37.4×	— (loss-making)	−15.58% (below 0%: shrinking)	n/m	−33.11% (below 0%: shrinking)	28.95%	(0.78%)	Compare
BGSF BGSF, Inc.	$46.5M	— (loss-making)	— (loss-making)	−5.08% (below 0%: shrinking)	n/m	−110.71% (below 0%: shrinking)	35.49%	(5.33%)	Compare
Median of peers	$608.9M	24.1×	19.4×	−0.65%	−26.39%	−43.21%	28.71%	3.19%

All 19 Staffing & Employment Services stocks →

TrueBlue, Inc. (TBI) key facts

Strength: TrueBlue, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.6 billion, up 3.10% from fiscal 2024.
TrueBlue, Inc. (TBI) is a Staffing & Employment Services company in the Industrials sector, listed on the New York Stock Exchange.
As of October 16, 2026, TBI traded at $8.28, a market capitalization of $260.0 million.
Return on equity was −16.3% and debt-to-equity 0.32.
Its Piotroski F-score is 4 out of 9 and its Altman Z-score is 3.46 (safe zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.