HireQuest, Inc. (HQI) vs TrueBlue, Inc. (TBI)

HireQuest, Inc. and TrueBlue, Inc. are both Staffing & Employment Services companies. TrueBlue, Inc. is the larger, with a market value of $290.1M against $260.6M — 1.1× the size. TrueBlue, Inc. has negative trailing earnings, so its P/E is not meaningful; HireQuest, Inc. trades at 34.0×. TrueBlue, Inc. grew revenue faster over the last twelve months: 10.2% against −7.53%. HireQuest, Inc. has the higher net margin (27.1% vs −3.35%) and the higher return on invested capital (7.97% vs −9.68%). Across the 19 metrics below, HireQuest, Inc. leads on 14 and TrueBlue, Inc. on 5.

Valuation

Metric HQI TBI Staffing & Employment Services median
P/E 33.97 n/m 24.32
P/S 9.16 0.17 0.41
P/B 4.01 1.13 1.28
Price to free cash flow 30.69 n/m 18.57
EV/EBITDA 23.50 n/m 10.55
EV/Sales 9.61 0.21 0.40
Earnings yield 2.94% (19.87%) 0.99%
Free cash flow yield 3.26% (23.44%) 2.79%

Profitability

Metric HQI TBI Staffing & Employment Services median
Gross margin 100.00% 21.20% 23.11%
Operating margin 28.44% (2.87%) 0.08%
Net margin 27.06% (3.35%) 0.23%
Free cash flow margin 31.32% (3.99%) 1.23%
Return on equity 12.10% (20.23%) 2.31%
Return on assets 8.69% (8.74%) 0.00%
Return on invested capital 7.97% (9.68%) 0.00%

Growth

Metric HQI TBI Staffing & Employment Services median
Revenue growth (TTM) (7.53%) 10.17% 0.69%
EPS growth (last fiscal year) 73.08% 61.39% —
Revenue growth, 5-year CAGR 17.28% (2.63%) 1.23%
Net income growth, 5-year CAGR 3.38% 0.00% 0.00%

Health

Metric HQI TBI Staffing & Employment Services median
Debt to equity 0.00 0.32 0.08
Current ratio 2.74 2.28 1.50
Net debt to EBITDA (0.39) (2.35) (0.22)

Dividend

Metric HQI TBI Staffing & Employment Services median
Dividend yield 1.87% — 2.16%
Payout ratio 0.30 0.00 0.30

Size

Metric HQI TBI Staffing & Employment Services median
Market cap 260.62m 290.13m 590.17m

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