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Staffing agency placing temporary and permanent finance, IT, legal and admin professionals, plus consulting arm Protiviti.
Staffing agency placing temporary and permanent finance, IT, legal and admin professionals, plus consulting arm Protiviti.
Earns temporary-staffing revenue by billing clients for hours worked by placed professionals, and placement fees when a permanent hire is made, so results follow white-collar hiring. Protiviti, a separate consulting arm for internal audit and risk work, is billed on projects and is less tied to hiring.
Moat: narrow (brand, scale, distribution). A large branch network and candidate database give scale advantages over local staffing firms.
Headquarters: Menlo Park, California, US · Founded: 1948 · Employees: 101,400
Size Robert Half (RHI) is a United States Industrials company (Personnel Services) with a market value of $4.28B, the 1302nd largest of 3,117 United States companies the cockpit tracks. Shares closed at $41.84 on 6 Nov 2026.
Performance Over six months the shares gained 54.8%, against +23.9% for the median peer and -1.1% for the United States market (cap-weighted) — 3rd highest of 12 in its peer set.
Growth Revenue fell 2.9% over the last twelve months (peer median +6.9%); the operating margin is 1.4% (peer median 4.3%).
Valuation It trades at 23.5× forward earnings against a peer median of 13.4× (3rd most expensive of 11).
Price implies For today's price to make sense, revenue must grow about 27% a year for seven years (Req g). Recent delivered growth is +1%, so the hurdle is +26 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 3.4 points below its cost of capital (8.4% WACC).
Backlog Backlog (remaining performance obligations) was $202M at 30 Sep 2026, up 4% on a year earlier — 0.0 years of trailing revenue. Backlog detail →
Short interest Short interest is 19.7% of the free float (15 Oct 2026).
Next results Next results expected around 28 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $5.30B | $5.38B | $5.80B | $6.39B | $7.24B |
| Revenue growth | — | -7% | -9% | -12% | — |
| Gross profit | $1.90B | $1.92B | $2.19B | $2.52B | $3.04B |
| EBITDA | $146M | $158M | $331M | $564M | $1.02B |
| Net income | $122M | $133M | $252M | $411M | $658M |
| Free cash flow | $209M | $267M | $354M | $591M | $623M |
| Capital expenditure | $35.8M | $53.2M | $56.3M | $45.9M | $61.1M |
| Total debt | $244M | $246M | $234M | $242M | $238M |
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.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Robert Half RHI | $4.28B | +55% | -3% | 1% | 23.5× | 26.7% |
| ManpowerGroup MAN | $2.07B | +49% | +7% | 2% | 10.3× | -0.4% |
| Korn Ferry KFY | $4.11B | +11% | +7% | 13% | 13.0× | 2.0% |
| Insperity NSP | $1.90B | +53% | +2% | 0% | 19.9× | 19.5% |
| Adecco ADEN.SW | $4.82B | +24% | 0% | 2% | 10.3× | -3.5% |
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.
| Measure | RHI | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +22.7% | -0.5% | highest of 12 |
| 6-month return | +54.8% | +23.9% | 3rd highest of 12 |
| Distance from 52-week high | -11.2% | -13.9% | 5th highest of 12 |
| Revenue growth (TTM) | -2.9% | +6.9% | 2nd lowest of 12 |
| Operating margin | 1.4% | 4.3% | 3rd lowest of 12 |
| Forward P/E | 23.5× | 13.4× | 3rd most expensive of 11 |
| Growth the price implies (Req g, 7 yrs) | 26.7% | -0.7% | most demanding of 11 |
| Growth delivered (Del g) | +1.0% | +10.2% | 3rd lowest of 11 |
| Hurdle (Req g minus delivered) | +25.7 pp | -6.1 pp | most demanding of 11 |
| ROIC minus cost of capital | -3.4 pp | +4.6 pp | 3rd lowest of 11 |
| Net debt / EBITDA | -0.5× | -0.1× | 4th least indebted of 11 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Robert Half RHI | United States | $4.28B | +55% | -3% | 1% | 23.5× | 26.7% | +1.0% |
| Korn Ferry KFY | United States | $4.11B | +11% | +7% | 13% | 13.0× | 2.0% | +10.1% |
| Persol 2181.T | Japan | $4.11B | +22% | +10% | 4% | 13.7× | -10.3% | +10.4% |
| Adecco ADEN.SW | Switzerland | $4.82B | +24% | 0% | 2% | 10.3× | -3.5% | +0.7% |
| Jinhai Medical Technology 2225.HK | Hong Kong | $3.02B | -6% | +75% | -17% | n/a | n/a | n/a |
| Randstad RAND.AS | Netherlands | $8.14B | +69% | 0% | 3% | 15.5× | 1.1% | +2.2% |
| ManpowerGroup MAN | United States | $2.07B | +49% | +7% | 2% | 10.3× | -0.4% | 0.0% |
| SMS 2175.T | Japan | $1.31B | +33% | +8% | 11% | 31.1× | 19.2% | +12.5% |
| Upwork UPWK | United States | $1.26B | +14% | -1% | 18% | 8.9× | -7.1% | +16.1% |
| Hays HAS.L | United Kingdom | $1.24B | +75% | -3% | 1% | 33.0× | 18.3% | +2.6% |
| JAC Recruitment 2124.T | Japan | $1.21B | +34% | +12% | 26% | 19.3× | -1.0% | +16.4% |
| Open Up 2154.T | Japan | $1.11B | +12% | -11% | 10% | 13.1× | -6.5% | +11.1% |
Robert Half reported $202M of remaining performance obligations at 30 Sep 2026, up 4% from a year earlier and up 4% from the previous quarter. That is 0.0 years of trailing revenue already under contract. Book-to-bill last quarter: 1.00.