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TrueBlue, Inc.TBICompetitor analysis, valuation and peers

United States · USD·Industrials›Personnel Services
Momentum leader 98
Mkt cap
$370M
US dollars, full cap
Free float
89%
of shares outstanding
$/day
$3.02M
20-day average traded
Fwd P/E
17.6×
forward earnings
ROIC−WACC
-17.5 pp
WACC 11.4%
Hurdle
n/a
no reverse DCF
Next earnings
89 days
3 Feb 2027
Close · USD$12.15
1D-1.7%
1W+24.4%
1M+32.6%
3M+14.6%
6M+116.6%
YTD+167.0%
1Y+139.6%
ATR %5.5%
Beta0.05
52w lowhigh10.6% off high

What TrueBlue does

Employees: 3,500

TrueBlue at a glance

Size TrueBlue (TBI) is a United States Industrials company (Personnel Services) with a market value of $370M, the 2920th largest of 3,117 United States companies the cockpit tracks. Shares closed at $12.15 on 6 Nov 2026.

Performance Over six months the shares gained 116.6%, against +8.1% for the median peer and -1.1% for the United States market (cap-weighted) — highest of 21 in its peer set.

Growth Revenue grew 10.2% over the last twelve months (peer median +0.8%); the operating margin is -1.7% (peer median 4.3%).

Valuation It trades at 17.6× forward earnings against a peer median of 13.7× (6th most expensive of 20).

Capital Return on invested capital runs 17.5 points below its cost of capital (11.4% WACC).

Short interest Short interest is 1.4% of the free float (15 Oct 2026).

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

Relative performance

10015020011 May 202611 Aug 20266 Nov 2026TBI 226Peer median 109
Six months, rebased to 100: TrueBlue against the median of its 20 peers (local-currency closes).

TrueBlue financials

Reported figures in USD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue$1.69B$1.62B$1.57B$1.91B$2.25B
Revenue growth—+3%-18%-15%—
Gross profit$334M$343M$378M$480M$573M
EBITDA-$392,000$2.05M-$1.08M$7.07M$120M
Net income-$56.6M-$48.0M-$126M-$14.2M$62.3M
Free cash flow-$67.4M-$73.7M-$41.2M$3.48M$89.9M
Capital expenditure$12.9M$15.7M$24.2M$31.3M$30.6M
Total debt$138M$124M$66.5M$61.3M$62.6M

Quarterly statements and history in the cockpit →

TrueBlue 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

0%+50%+100%0%+20%21702168484846412429STEM4849QUESSKELYACHZ2379300662BBSISDG2146PAGEGPPKFRC2154TBI6-month return →1-month return →
Up and to the right = strong over both horizons. TrueBlue is the large dot.

Fundamentals: revenue growth against valuation

0%+20%20×40×60×2170484846412429STEM4849QUESSKELYACHZ2379CEN300662BBSIPAGE2154TBIRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. TrueBlue is the large dot.

TrueBlue competitors and peer comparison

How TrueBlue 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.

TrueBlue against its 20 peers (data as of 6 Nov 2026)
MeasureTBIPeer medianRank in peer set
1-month return+32.6%-2.3%highest of 21
6-month return+116.6%+8.1%highest of 21
Distance from 52-week high-10.6%-13.9%7th highest of 21
Revenue growth (TTM)+10.2%+0.8%5th highest of 21
Operating margin-1.7%4.3%lowest of 21
Forward P/E17.6×13.7×6th most expensive of 20
ROIC minus cost of capital-17.5 pp+7.1 pplowest of 21

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
TrueBlue TBIUnited States$370M+117%+10%-2%17.6×n/an/a
Link and Motivation 2170.TJapan$376M+4%+11%13%17.5×-0.3%+6.2%
Pasona 2168.TJapan$344M-12%0%0%n/an/an/a
Fullcast 4848.TJapan$401M+12%+33%9%11.6×-12.6%+12.3%
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%
SThree STEM.LUnited Kingdom$481M+65%-9%2%42.2×10.2%+1.6%
en Inc. 4849.TJapan$504M+60%-11%7%9.6×5.3%+6.7%
Quess QUESS.NSIndia$505M+41%-12%2%17.1×16.3%+7.1%
Kelly Services KELYAUnited States$507M+40%-10%1%10.2×12.8%-1.2%
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%
Groupe Crit CEN.PAFrance$534M-20%+1%3%8.3×n/an/a
Beijing Career International 300662.SZChina$643M-10%+13%2%12.0×10.6%+29.9%
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%
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 TrueBlue's closest peers?
The cockpit's peer set: Link and Motivation (2170.T), Pasona (2168.T), Fullcast (4848.T), Altech (4641.T), World (2429.T), SThree (STEM.L), en Inc. (4849.T), Quess (QUESS.NS).
Is TrueBlue expensive compared with its peers?
On forward p/e it trades at 17.6× against a peer median of 13.7×, 6th most expensive of 20 in its peer set.
How has TrueBlue stock performed?
Over six months to 6 Nov 2026 the shares returned +116.6% against +8.1% for the median peer; over one year +139.6%.

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.