Kforce, Inc. (KFRC) vs TrueBlue, Inc. (TBI)

Kforce, Inc. and TrueBlue, Inc. are both Staffing & Employment Services companies. Kforce, Inc. is the larger, with a market value of $919.6M against $290.1M — 3.2× the size. TrueBlue, Inc. has negative trailing earnings, so its P/E is not meaningful; Kforce, Inc. trades at 24.3×. TrueBlue, Inc. grew revenue faster over the last twelve months: 10.2% against −1.26%. Kforce, Inc. has the higher net margin (2.71% vs −3.35%) and the higher return on invested capital (14.7% vs −9.68%). Across the 19 metrics below, Kforce, Inc. leads on 10 and TrueBlue, Inc. on 9.

Valuation

Metric KFRC TBI Staffing & Employment Services median
P/E 24.32 n/m 24.32
P/S 0.64 0.17 0.41
P/B 6.99 1.13 1.28
Price to free cash flow 38.31 n/m 18.57
EV/EBITDA 16.36 n/m 10.55
EV/Sales 0.73 0.21 0.40
Earnings yield 4.11% (19.87%) 0.99%
Free cash flow yield 2.61% (23.44%) 2.79%

Profitability

Metric KFRC TBI Staffing & Employment Services median
Gross margin 27.67% 21.20% 23.11%
Operating margin 4.04% (2.87%) 0.08%
Net margin 2.71% (3.35%) 0.23%
Free cash flow margin 1.68% (3.99%) 1.23%
Return on equity 28.27% (20.23%) 2.31%
Return on assets 9.31% (8.74%) 0.00%
Return on invested capital 14.73% (9.68%) 0.00%

Growth

Metric KFRC TBI Staffing & Employment Services median
Revenue growth (TTM) (1.26%) 10.17% 0.69%
EPS growth (last fiscal year) (26.87%) 61.39% —
Revenue growth, 5-year CAGR (1.00%) (2.63%) 1.23%
Net income growth, 5-year CAGR (9.08%) 0.00% 0.00%

Health

Metric KFRC TBI Staffing & Employment Services median
Debt to equity 0.87 0.32 0.08
Current ratio 1.93 2.28 1.50
Net debt to EBITDA 1.16 (2.35) (0.22)

Dividend

Metric KFRC TBI Staffing & Employment Services median
Dividend yield 2.23% — 2.16%
Payout ratio 0.41 0.00 0.30

Size

Metric KFRC TBI Staffing & Employment Services median
Market cap 919.63m 290.13m 590.17m

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