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← CockpitCompetitor Analysis › BBSI Barrett Business Services, Inc.Open in the cockpit ↗

Barrett Business Services, Inc.BBSICompetitor analysis, valuation and peers

United States · USD·Industrials›Personnel Services
Momentum neutral 43
Mkt cap
$725M
US dollars, full cap
Free float
96%
of shares outstanding
$/day
$5.57M
20-day average traded
Fwd P/E
18.2×
forward earnings
ROIC−WACC
+37.5 pp
WACC 9.3%
Hurdle
-5 pp
Req g minus delivered
Next earnings
117 days
3 Mar 2027
Close · USD$29.91
1D-1.6%
1W-8.1%
1M-7.0%
3M-7.4%
6M+0.1%
YTD-17.4%
1Y-26.6%
ATR %4.2%
Beta0.36
52w lowhigh29.2% off high

What Barrett Business Services does

Employees: 141,802

Barrett Business Services at a glance

Size Barrett Business Services (BBSI) is a United States Industrials company (Personnel Services) with a market value of $725M, the 2454th largest of 3,117 United States companies the cockpit tracks. Shares closed at $29.91 on 6 Nov 2026.

Performance Over six months the shares gained 0.1%, against +22.5% for the median peer and -1.1% for the United States market (cap-weighted) — 6th lowest of 21 in its peer set.

Growth Revenue grew 5.6% over the last twelve months (peer median -0.3%); the operating margin is 4.1% (peer median 7.0%).

Valuation It trades at 18.2× forward earnings against a peer median of 15.1× (7th most expensive of 21).

Price implies For today's price to make sense, revenue must grow about 2% a year for seven years (Req g). Recent delivered growth is +7%, so the hurdle is -5 pp: the price already allows for a slowdown.

Capital Return on invested capital runs 37.5 points above its cost of capital (9.3% WACC).

Short interest Short interest is 5.1% of the free float (15 Oct 2026).

Next results Next results expected around 3 Mar 2027 (exchange calendar; dates can move).

Relative performance

10012014011 May 202611 Aug 20266 Nov 2026Peer median 123BBSI 102
Six months, rebased to 100: Barrett Business Services against the median of its 20 peers (local-currency closes).

Barrett Business Services financials

Reported figures in USD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue$1.27B$1.24B$1.14B$1.07B$1.05B
Revenue growth—+8%+7%+1%—
Gross profit$244M$253M$246M$235M$229M
EBITDA$60.9M$70.4M$67.4M$74.8M$72.2M
Net income$35.1M$54.4M$53.0M$50.6M$47.3M
Free cash flow$15.5M$47.2M-$4.07M$55.4M$11.8M
Capital expenditure$21.1M$18.8M$14.2M$11.8M$16.0M
Total debt$24.5M$24.5M$21.4M$21.2M$21.2M

Quarterly statements and history in the cockpit →

Barrett Business Services competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-20%0%+20%+40%+60%-10%0%+10%SDG3006622146PAGEGPPKFRCCEN2379CHZKELYAQUESS4849STEM21542124HASUPWK217548482170BBSI6-month return →1-month return →
Up and to the right = strong over both horizons. Barrett Business Services is the large dot.

Fundamentals: revenue growth against valuation

-10%0%+10%20×40×SDG3006622146PAGEGPPKFRCCEN2379CHZKELYAQUESS4849STEM2124HASUPWK217548482170BBSIRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Barrett Business Services is the large dot.

Capital: growth delivered against growth the price implies

-10%0%+10%+20%+30%0%20%SDG3006622146PAGEGPPKFRC2379CHZKELYAQUESS4849STEM21542124HASUPWK217548482170BBSIGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Barrett Business Services is the large dot.

Barrett Business Services competitors and peer comparison

How Barrett Business Services compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Barrett Business Services against its 20 peers (data as of 6 Nov 2026)
MeasureBBSIPeer medianRank in peer set
1-month return-7.0%-1.5%5th lowest of 21
6-month return+0.1%+22.5%6th lowest of 21
Distance from 52-week high-29.2%-14.9%5th lowest of 21
Revenue growth (TTM)+5.6%-0.3%6th highest of 21
Operating margin4.1%7.0%9th lowest of 21
Forward P/E18.2×15.1×7th most expensive of 21
Growth the price implies (Req g, 7 yrs)1.9%5.3%10th least demanding of 20
Growth delivered (Del g)+7.1%+7.7%9th lowest of 20
Hurdle (Req g minus delivered)-5.2 pp-6.4 pp10th most demanding of 20
ROIC minus cost of capital+37.5 pp+7.4 pp3rd highest of 20
Net debt / EBITDA-1.9×-0.8×4th least indebted of 20

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Barrett Business Services BBSIUnited States$725M0%+6%4%18.2×1.9%+7.1%
Synergie SDG.PAFrance$753M-3%+5%3%11.8×-13.4%+8.2%
Beijing Career International 300662.SZChina$643M-10%+13%2%12.0×10.6%+29.9%
UT Group Co.,Ltd. 2146.TJapan$868M+22%-13%7%16.1×6.7%+7.7%
Michael Page PAGE.LUnited Kingdom$896M+60%-3%2%43.4×23.5%+4.1%
Grupa Pracuj spolka akcyjna GPP.WAPoland$919M+23%+5%37%13.1×-1.9%+22.1%
Kforce KFRCUnited States$970M+25%+2%5%18.0×9.8%-1.0%
Groupe Crit CEN.PAFrance$534M-20%+1%3%8.3×n/an/a
dip 2379.TJapan$520M-17%-9%7%68.1×-1.1%+11.0%
HRnetGroup CHZ.SISingapore$519M-9%+1%7%14.0×-13.1%+6.2%
Kelly Services KELYAUnited States$507M+40%-10%1%10.2×12.8%-1.2%
Quess QUESS.NSIndia$505M+41%-12%2%17.1×16.3%+7.1%
en Inc. 4849.TJapan$504M+60%-11%7%9.6×5.3%+6.7%
SThree STEM.LUnited Kingdom$481M+65%-9%2%42.2×10.2%+1.6%
Open Up 2154.TJapan$1.11B+12%-11%10%13.1×-6.5%+11.1%
JAC Recruitment 2124.TJapan$1.21B+34%+12%26%19.3×-1.0%+16.4%
Hays HAS.LUnited Kingdom$1.24B+75%-3%1%33.0×18.3%+2.6%
Upwork UPWKUnited States$1.26B+14%-1%18%8.9×-7.1%+16.1%
SMS 2175.TJapan$1.31B+33%+8%11%31.1×19.2%+12.5%
Fullcast 4848.TJapan$401M+12%+33%9%11.6×-12.6%+12.3%
Link and Motivation 2170.TJapan$376M+4%+11%13%17.5×-0.3%+6.2%

Questions

Which companies are Barrett Business Services's closest peers?
The cockpit's peer set: Synergie (SDG.PA), Beijing Career International (300662.SZ), UT Group Co.,Ltd. (2146.T), Michael Page (PAGE.L), Grupa Pracuj spolka akcyjna (GPP.WA), Kforce (KFRC), Groupe Crit (CEN.PA), dip (2379.T).
Is Barrett Business Services expensive compared with its peers?
On forward p/e it trades at 18.2× against a peer median of 15.1×, 7th most expensive of 21 in its peer set. For today's price to make sense, revenue must grow about 2% a year for seven years (Req g). Recent delivered growth is +7%, so the hurdle is -5 pp: the price already allows for a slowdown.
How has Barrett Business Services stock performed?
Over six months to 6 Nov 2026 the shares returned +0.1% against +22.5% for the median peer; over one year -26.6%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.