
TrueBlue, Inc.
NYSE•TBI
CEO: Ms. Taryn R. Owen
Sector: Industrials
Industry: Staffing & Employment Services
Listing Date: 1994-04-04
TrueBlue, Inc., together with its subsidiaries, provides specialized workforce solutions in the United States, Canada, the United Kingdom, Australia, and Puerto Rico. It operates through three segments: PeopleReady, PeopleManagement, and PeopleScout. The company PeopleReady segment provides general, industrial, and skilled trade contingent staffing services for construction, transportation, manufacturing, retail, hospitality, and renewable energy industries. The PeopleManagement segment offers contingent, on-site industrial staffing, and commercial driver services, which includes on-site management and recruitment for the contingent industrial workforce of manufacturing, warehousing, and distribution facilities; and recruitment and management of contingent and dedicated commercial drivers to the transportation and distribution industries under the Staff Management, SIMOS Insourcing Solutions, and Centerline Drivers brands. The company PeopleScout segment provides recruitment process outsourcing, talent advisory services, and managed service provider solutions including sourcing, screening, hiring, and onboarding services; operates Affinix, a technology platform for sourcing, screening, and delivering a permanent workforce to its clients; talent advisory services, such as employer branding, recruitment marketing, talent insights, diversity, equity and inclusion consulting, candidate assessment, and talent acquisition strategy consulting services; and contingent labor programs including vendor selection, performance management, compliance monitoring, and risk management. TrueBlue, Inc. was formerly known as Labor Ready, Inc. and changed its name to TrueBlue, Inc. in December 2007. The company was incorporated in 1985 and is headquartered in Tacoma, Washington.
Contact Information
Market Cap
$158.68M
P/E (TTM)
-5.6
26
Dividend Yield
--
52W High
$8.55
52W Low
$3.45
52W Range
Rank43Top 50.7%
3.8
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 3.8 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025
Financial Dashboard
Q3 2025 Data
Revenue
$431.27M+12.79%
4-Quarter Trend
EPS
-$0.06-75.35%
4-Quarter Trend
FCF
$0.00+0.00%
4-Quarter Trend
2025 Q3 Earnings Highlights
Key Highlights
Quarterly Revenue Growth Strong Revenue reached $431.3M for thirteen weeks, marking 12.8% growth, primarily from skilled business expansion.
Net Loss Significantly Narrows Net loss improved to $(1.9)M in the quarter compared to $(7.6)M last year, showing operational leverage.
SG&A Expense Improvement Noted Thirty-nine week SG&A expense improved 9.1% to $276.1M, driven by leaner cost structure management.
HSP Acquisition Contributes Growth The HSP acquisition contributed 3.7% of revenue growth for the thirteen weeks ended September 28, 2025.
Risk Factors
Gross Margin Compression Continues Gross profit margin declined 350 basis points to 22.7% due to revenue mix shifting to lower margin staffing.
Expected Q4 Impairment Event Expect material non-cash impairment charge in Q4 2025 related to the Chicago support center asset group sublease.
Economic Demand Volatility Risk Workforce solution demand is highly dependent on the economy, creating uncertainty in forecasting future assignments.
Trademark Impairment Recorded Recorded $0.2M non-cash impairment charge on a PeopleManagement trademark due to increased discount rate.
Outlook
Q4 Revenue Growth Guidance Expect Q4 2025 revenue growth between 4% and 10%, including approximately 4% inorganic growth from HSP.
Anticipated Q4 Margin Decline Anticipate Q4 gross profit margin decline between 370 and 410 basis points versus prior year levels.
FY2025 Capital Spending Forecast Expect total FY 2025 capital expenditures and software spending to range between $17M and $19M.
Strategy Focus on Digital Growth Strategy focuses on accelerating digital transformation and expanding presence in high-skill, high-value talent segments.
Peer Comparison
Revenue (TTM)
TBI$1.58B
$506.74M
$444.50M
Gross Margin (Latest Quarter)
POWW87.1%
FORR56.0%
EVLV49.7%
Key Metrics
Symbol | Market Cap | P/E (TTM) | ROE (TTM) | Debt to Assets |
|---|---|---|---|---|
| EVLV | $1.14B | -18.8 | -55.1% | 13.9% |
| MVST | $987.83M | -6.4 | -38.9% | 15.5% |
| SKYX | $340.30M | -9.3 | -703.7% | 66.3% |
Long-Term Trends
Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
3.8%
Moderate Growth
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
25%
Cash Flow Needs Attention
Research & Insights
Next earnings:Feb 18, 2026
EPS:-$0.08
|Revenue:-
Reports
All Years
Form 10-Q - Q3 2025
Period End: Sep 28, 2025|Filed: Nov 3, 2025|Revenue: $431.27M+12.8%|EPS: $-0.06-75.3%BeatForm 10-Q - Q2 2025
Period End: Jun 29, 2025|Filed: Aug 4, 2025|Revenue: $396.30M+0.0%|EPS: $-0.01-99.7%BeatForm 10-Q - Q1 2025
Period End: Mar 30, 2025|Filed: May 5, 2025|Revenue: $370.25M-8.1%|EPS: $-0.48+779.1%MissForm 10-K - FY 2024
Period End: Dec 29, 2024|Filed: Feb 19, 2025|Revenue: $1.57B-17.8%|EPS: $-4.17-826.7%MissForm 10-Q - Q3 2024
Period End: Sep 29, 2024|Filed: Nov 4, 2024|Revenue: $382.36M-19.2%|EPS: $-0.26+86566.7%MissForm 10-Q - Q2 2024
Period End: Jun 30, 2024|Filed: Aug 5, 2024|Revenue: $396.23M-16.7%|EPS: $-3.45+1337.5%MissForm 10-Q - Q1 2024
Period End: Mar 31, 2024|Filed: May 6, 2024|Revenue: $402.85M-13.4%|EPS: $-0.05-58.0%BeatForm 10-K - FY 2023
Period End: Dec 31, 2023|Filed: Feb 21, 2024|Revenue: $1.91B-15.4%|EPS: $-0.45-123.8%Miss