TrueBlue, Inc. TBI

Technology SIC 7363 - Services-Help Supply Services NAICS Administrative and Support and Waste Management and Remediation Services › Administrative and Support Services › Employment Services derived NYSE

TrueBlue, Inc. (the "company," "TrueBlue," "we," "us" and "our") began operations in 1989 and is a leading provider of specialized workforce solutions that connect employers and talent. Backed by decades of experience, an extensive national footprint, expansive talent network, deep local market insight, and global recruitment process outsourcing ("RPO") reach, TrueBlue delivers total workforce solutions helping clients improve quality, streamline operations and meet evolving talent demands.

In fiscal 2025, we connected approximately 291,000 people with work and served approximately 53,000 clients. Our operations are managed as three business segments: PeopleReady, PeopleManagement and PeopleSolutions.

Last close 9.34 2026-10-23
Market cap $284.4M 2026-06-28 share count
52-week range 3.18 - 11.03

Valuation FY2025 figures against the last close

P/S0.2x
P/E—
P/FCF—
EV/EBITDA—
Dividend yield—
Diluted EPS-1.61

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $1.62B$1.57B$1.91B$2.25B$2.17B$1.85B$2.37B$2.50B$2.51B$2.75B
Cost of revenue $1.25B$1.16B$1.40B$1.65B$1.61B$1.41B$1.75B$1.84B$1.87B$2.07B
Gross profit $367.8M$406.4M$506.1M$602.1M$560.3M$440.6M$619.9M$655.4M$634.5M$679.7M
SG&A $371.1M$410.9M$494.6M$500.7M$464.3M$408.3M$516.2M$540.5M$510.8M$546.5M
Operating income -$46.6M-$92.8M-$23.9M$72.2M$68.4M-$174.9M$66.2M$73.9M$77.6M-$17.0M
Interest expense ——————$2.8M$4.9M$5.5M$7.2M
Pre-tax income -$45.6M-$88.5M-$20.6M$73.4M$73.8M-$173.3M$70.0M$75.7M$77.5M-$20.3M
Income tax $2.3M$37.2M$6.5M$11.1M$12.2M$31.4M$7.0M$9.9M$22.1M$5.1M
Net income -$48.0M-$125.7M-$14.2M$62.3M$61.6M-$141.8M$63.1M$65.8M$55.5M-$15.3M
EPS, basic -1.61-4.17-0.451.891.77-4.011.631.641.35-0.37
EPS, diluted -1.61-4.17-0.451.861.74-4.011.611.631.34-0.37
Shares, diluted (wtd. avg.) 29.8M30.2M31.3M33.4M35.4M35.4M39.2M40.3M41.4M41.6M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $24.5M$22.5M$99.3M$135.6M$103.2M$118.6M$92.4M$102.5M$73.8M$103.2M
Receivables $241.2M$214.7M$252.5M$314.3M$353.9M$278.3M$342.3M$355.4M$374.3M$352.6M
Total current assets $297.6M$277.1M$355.0M$430.2M$445.1M$378.9M$421.7M$429.8M$428.3M$427.8M
Property, plant and equipment $73.1M$89.6M$104.9M$95.8M$88.1M$71.7M$66.2M$57.7M$60.2M$64.0M
Goodwill $42.5M$24.5M$84.1M$93.8M$94.5M$94.9M$237.5M$237.3M$226.7M$224.2M
Other intangibles $18.1M$5.9M$10.5M$16.2M$22.2M$28.9M$73.7M$91.4M$104.6M$125.7M
Total assets $638.7M$675.4M$899.4M$1.02B$1.03B$980.6M$1.14B$1.11B$1.11B$1.13B
Accounts payable $36.1M$45.6M$56.4M$76.6M$77.2M$58.4M$68.4M$62.0M$55.1M$66.8M
Total current liabilities $138.5M$160.1M$204.1M$242.9M$258.5M$269.0M$230.8M$225.5M$212.4M$251.1M
Long-term debt $65.8M$7.6M$0——$0$37.1M$80.0M$116.5M$135.4M
Total liabilities $364.1M$360.0M$441.5M$523.1M$540.2M$543.4M$510.2M$523.4M$554.2M$605.3M
Retained earnings $296.2M$337.6M$478.6M$516.3M$508.8M$452.0M$639.2M$606.1M$561.6M$536.6M
Total equity $274.6M$315.4M$457.9M$496.3M$493.1M$437.2M$626.0M$591.4M$554.8M$525.2M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow -$58.0M-$17.1M$34.8M$120.5M$20.4M$152.5M$93.5M$125.7M$100.1M$260.7M
Depreciation and amortisation $28.9M$29.6M$25.8M$29.3M——————
Stock-based compensation $7.3M$7.6M$13.9M$9.7M$13.9M$9.1M$9.8M$13.9M$7.7M$9.4M
Capital expenditure $15.7M$24.2M$31.3M$30.6M$35.0M$27.1M$28.1M$17.1M$22.0M$29.0M
Investing cash flow -$16.1M-$2.5M-$32.3M-$20.9M-$16.2M-$34.4M-$21.6M-$20.5M-$54.4M-$123.9M
Financing cash flow $57.1M-$17.1M-$37.6M-$64.7M-$19.1M-$92.5M-$82.9M-$75.0M-$75.3M-$115.1M
Buybacks $0$21.3M$34.2M$60.9M$16.7M$52.3M$38.8M$34.8M$36.7M$5.7M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001999371-26-008266.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -1B 0 1B 2B 3B Revenue, FY2016: 2.8B Gross profit, FY2016: 679.7M Net income, FY2016: -15.3M Revenue, FY2017: 2.5B Gross profit, FY2017: 634.5M Net income, FY2017: 55.5M Revenue, FY2018: 2.5B Gross profit, FY2018: 655.4M Net income, FY2018: 65.8M Revenue, FY2019: 2.4B Gross profit, FY2019: 619.9M Net income, FY2019: 63.1M Revenue, FY2020: 1.8B Gross profit, FY2020: 440.6M Net income, FY2020: -141.8M Revenue, FY2021: 2.2B Gross profit, FY2021: 560.3M Net income, FY2021: 61.6M Revenue, FY2022: 2.3B Gross profit, FY2022: 602.1M Net income, FY2022: 62.3M Revenue, FY2023: 1.9B Gross profit, FY2023: 506.1M Net income, FY2023: -14.2M Revenue, FY2024: 1.6B Gross profit, FY2024: 406.4M Net income, FY2024: -125.7M Revenue, FY2025: 1.6B Gross profit, FY2025: 367.8M Net income, FY2025: -48M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $2.75B $2.51B $2.50B $2.37B $1.85B $2.17B $2.25B $1.91B $1.57B $1.62B
Gross profit $679.7M $634.5M $655.4M $619.9M $440.6M $560.3M $602.1M $506.1M $406.4M $367.8M
Net income -$15.3M $55.5M $65.8M $63.1M -$141.8M $61.6M $62.3M -$14.2M -$125.7M -$48.0M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Shareholder rights changed The terms attaching to the shares themselves have changed. Item 3.03
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Material agreement signed Item 1.01
  • Regulation FD disclosure Item 7.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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