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← CockpitCompetitor Analysis › KELYA Kelly Services, Inc. Class AOpen in the cockpit ↗

Kelly Services, Inc. Class AKELYACompetitor analysis, valuation and peers

United States · USD·Industrials›Personnel Services
Momentum strong 64
Mkt cap
$507M
US dollars, full cap
Free float
94%
of shares outstanding
$/day
$5.71M
20-day average traded
Fwd P/E
10.2×
forward earnings
ROIC−WACC
-6.4 pp
WACC 8.7%
Hurdle
+14 pp
Req g minus delivered
Next earnings
104 days
18 Feb 2027
Close · USD$13.81
1D-1.7%
1W-16.7%
1M-14.6%
3M-11.8%
6M+40.0%
YTD+57.0%
1Y+21.1%
ATR %5.5%
Beta0.80
52w lowhigh22.2% off high

What Kelly Services does

Employees: 4,900

Kelly Services at a glance

Size Kelly Services (KELYA) is a United States Industrials company (Personnel Services) with a market value of $507M, the 2685th largest of 3,117 United States companies the cockpit tracks. Shares closed at $13.81 on 6 Nov 2026.

Performance Over six months the shares gained 40.0%, against +8.1% for the median peer and -1.1% for the United States market (cap-weighted) — 6th highest of 21 in its peer set.

Growth Revenue fell 9.6% over the last twelve months (peer median +1.6%); the operating margin is 0.8% (peer median 4.3%).

Valuation It trades at 10.2× forward earnings against a peer median of 14.0× (4th cheapest of 20).

Price implies For today's price to make sense, revenue must grow about 13% a year for seven years (Req g). Recent delivered growth is -1%, so the hurdle is +14 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.

Capital Return on invested capital runs 6.4 points below its cost of capital (8.7% WACC).

Short interest Short interest is 3.5% of the free float (15 Oct 2026).

Next results Next results expected around 18 Feb 2027 (exchange calendar; dates can move).

Relative performance

10012515017511 May 202611 Aug 20266 Nov 2026KELYA 142Peer median 109
Six months, rebased to 100: Kelly Services against the median of its 20 peers (local-currency closes).

Kelly Services financials

Reported figures in USD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue$4.06B$4.25B$4.33B$4.84B$4.97B
Revenue growth—-2%-10%-3%—
Gross profit$753M$802M$831M$934M$985M
EBITDA$84.8M$118M$132M$126M$126M
Net income-$274M-$254M-$600,000$35.7M-$62.5M
Free cash flow$20.5M$114M$15.8M$61.4M-$88.3M
Capital expenditure$6.60M$8.50M$11.1M$15.3M$12.0M
Total debt$129M$159M$303M$51.3M$71.6M

Quarterly statements and history in the cockpit →

Kelly 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%QUESS4849CHZ2379STEMCEN48483006622170TBIBBSI2168SDG464124292146PAGEGPPKFRC2154KELYA6-month return →1-month return →
Up and to the right = strong over both horizons. Kelly Services is the large dot.

Fundamentals: revenue growth against valuation

0%+20%20×40×60×QUESS4849CHZ2379STEMCEN48483006622170BBSI46412429PAGE2154KELYARevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Kelly Services is the large dot.

Capital: growth delivered against growth the price implies

-10%0%+10%+20%+30%0%20%QUESS4849CHZ2379STEM48483006622170BBSISDG2429PAGEGPPKFRC2154KELYAGrowth 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. Kelly Services is the large dot.

Kelly Services competitors and peer comparison

How Kelly 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.

Kelly Services against its 20 peers (data as of 6 Nov 2026)
MeasureKELYAPeer medianRank in peer set
1-month return-14.6%-1.5%lowest of 21
6-month return+40.0%+8.1%6th highest of 21
Distance from 52-week high-22.2%-12.3%7th lowest of 21
Revenue growth (TTM)-9.6%+1.6%5th lowest of 21
Operating margin0.8%4.3%3rd lowest of 21
Forward P/E10.2×14.0×4th cheapest of 20
Growth the price implies (Req g, 7 yrs)12.8%-0.3%3rd most demanding of 18
Growth delivered (Del g)-1.2%+7.7%lowest of 18
Hurdle (Req g minus delivered)+14.0 pp-12.1 pp2nd most demanding of 18
ROIC minus cost of capital-6.4 pp+7.1 pp4th lowest of 21
Net debt / EBITDA1.2×-1.1×5th most indebted of 19

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
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%
HRnetGroup CHZ.SISingapore$519M-9%+1%7%14.0×-13.1%+6.2%
dip 2379.TJapan$520M-17%-9%7%68.1×-1.1%+11.0%
SThree STEM.LUnited Kingdom$481M+65%-9%2%42.2×10.2%+1.6%
Groupe Crit CEN.PAFrance$534M-20%+1%3%8.3×n/an/a
Fullcast 4848.TJapan$401M+12%+33%9%11.6×-12.6%+12.3%
Beijing Career International 300662.SZChina$643M-10%+13%2%12.0×10.6%+29.9%
Link and Motivation 2170.TJapan$376M+4%+11%13%17.5×-0.3%+6.2%
TrueBlue TBIUnited States$370M+117%+10%-2%17.6×n/an/a
Barrett Business Services BBSIUnited States$725M0%+6%4%18.2×1.9%+7.1%
Pasona 2168.TJapan$344M-12%0%0%n/an/an/a
Synergie SDG.PAFrance$753M-3%+5%3%11.8×-13.4%+8.2%
Altech 4641.TJapan$329M+4%+6%9%13.7×-13.7%+8.0%
World 2429.TJapan$302M+4%+11%3%6.2×-3.5%+14.6%
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%
Open Up 2154.TJapan$1.11B+12%-11%10%13.1×-6.5%+11.1%

Questions

Which companies are Kelly Services's closest peers?
The cockpit's peer set: Quess (QUESS.NS), en Inc. (4849.T), HRnetGroup (CHZ.SI), dip (2379.T), SThree (STEM.L), Groupe Crit (CEN.PA), Fullcast (4848.T), Beijing Career International (300662.SZ).
Is Kelly Services expensive compared with its peers?
On forward p/e it trades at 10.2× against a peer median of 14.0×, 4th cheapest of 20 in its peer set. For today's price to make sense, revenue must grow about 13% a year for seven years (Req g). Recent delivered growth is -1%, so the hurdle is +14 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
How has Kelly Services stock performed?
Over six months to 6 Nov 2026 the shares returned +40.0% against +8.1% for the median peer; over one year +21.1%.

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.