Robert Half (RHI)
NYSE:RHI
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Robert Half
(NYSE:RHI)
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Rating:63Neutral
Price Target:
$27.00
â–¼(-1.60% Downside)
Action:ReiteratedDate:04/21/26
The score is primarily held back by weakening financial performance (multi-year revenue declines and materially compressed margins) and earnings-call guidance that points to continued near-term profitability pressure. Offsetting factors include a low-leverage balance sheet, resilient cash flow supporting dividends/buybacks, and improving technical momentum; valuation is helped by the high dividend yield but moderated by a ~20x P/E amid pressured earnings.
Positive Factors
Conservative balance sheet / low leverage
Robert Half’s low leverage (debt-to-equity ~0.15–0.19) provides durable financial flexibility. A conservative balance sheet supports dividends, buybacks, and targeted investment during downturns, reducing solvency risk and enabling multi-quarter capital allocation while revenue recovers.
Negative Factors
Multi-year revenue downcycle
Robert Half has experienced multi-year top-line declines through 2025, reducing scale and diminishing operating leverage. Persistent revenue contraction weakens cross‑sell potential (including Protiviti) and lengthens the time required to restore margins and EPS, creating structural headwinds for medium-term growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet / low leverage
Robert Half’s low leverage (debt-to-equity ~0.15–0.19) provides durable financial flexibility. A conservative balance sheet supports dividends, buybacks, and targeted investment during downturns, reducing solvency risk and enabling multi-quarter capital allocation while revenue recovers.
Read all positive factors
Robert Half (RHI) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$2.59B
Dividend Yield8.65%
Average Volume (3M)2.98M
Price to Earnings (P/E)45.9
Beta (1Y)1.06
Revenue Growth-6.08%
EPS Growth-35.51%
CountryUS
Employees14,700
SectorIndustrials
Sector Strength72
IndustryStaffing & Employment Services
Share Statistics
EPS (TTM)0.14
Shares Outstanding101,143,590
10 Day Avg. Volume2,837,576
30 Day Avg. Volume2,983,145
Financial Highlights & Ratios
PEG Ratio-0.45
Price to Book (P/B)2.13
Price to Sales (P/S)0.51
P/FCF Ratio10.19
Enterprise Value/Market Cap1.00
Enterprise Value/Revenue0.48
Enterprise Value/Gross Profit1.31
Enterprise Value/Ebitda19.49
Forecast
1Y Price Target
$30.17Price Target Upside9.94% Upside
Rating ConsensusHold
Number of Analyst Covering8
EPS Forecast (FY)1.46
Revenue Forecast (FY)$5.36B
Robert Half Business Overview & Revenue Model
Company Description
Robert Half International Inc. provides staffing and risk consulting services in North America, South America, Europe, Asia, and Australia. The company operates through three segments: Temporary and Consultant Staffing, Permanent Placement Staffin...
How the Company Makes Money
Robert Half primarily makes money through fees earned for matching client demand for skilled professionals with available talent, and through consulting fees from Protiviti.
1) Contract and temporary staffing (largest revenue driver for staffing ...
Robert Half Key Performance Indicators (KPIs)
Any
Revenue by Segment
Shows how much each business segment contributes to overall sales, indicating diversification and identifying key growth drivers within the company.
Shows how much each business segment contributes to overall sales, indicating diversification and identifying key growth drivers within the company.
Data provided by:
The Fly
The FlyRobert Half Earnings Call Summary
Earnings Call Date:Jan 29, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Jul 29, 2026
Earnings Call Sentiment Neutral
The call conveyed a mixed but cautiously constructive tone: management highlighted meaningful operational positives — returning to sequential revenue growth, improving weekly trends into January, higher contract bill rates, strong Q4 cash flow that covered dividends and enabled buybacks, and Protiviti international growth — while also reporting continued year-over-year revenue declines, margin pressure at Protiviti, rising SG&A as a percent of revenue, a substantial QoQ earnings decline and near-term tax headwinds. Management expects sequential improvement to continue and a potential return to YoY growth by Q3 if current trends hold, but near-term profitability and Q1 EPS are expected to be constrained.Positive Updates
Enterprise Revenue and Sequential Momentum
Q4 2025 global enterprise revenues of $1.302B; reported revenue down 6% YoY and adjusted down 7% YoY, but talent solutions and enterprise returned to positive sequential growth on a same-day constant currency basis for the first time since early 2022 with positive weekly revenue momentum into January.
Negative Updates
Year-over-Year Revenue Declines
Adjusted Q4 enterprise revenues down 7% YoY; talent solutions adjusted revenues down 9% YoY (U.S. talent solutions $623M, down 9%; non-U.S. $200M, down 8%). Q1 midpoint guidance implies adjusted enterprise revenue down ~5% YoY.
Read all updates
Q4-2025 Updates
Positive
Negative
Enterprise Revenue and Sequential Momentum
Q4 2025 global enterprise revenues of $1.302B; reported revenue down 6% YoY and adjusted down 7% YoY, but talent solutions and enterprise returned to positive sequential growth on a same-day constant currency basis for the first time since early 2022 with positive weekly revenue momentum into January.
Read all positive updates
Company Guidance
Robert Half guided first-quarter 2026 revenues of $1.26–$1.36 billion and EPS of $0.08–$0.18 (midpoints $1.31B and $0.13), noting the Q1 revenue midpoint is ~5% lower year‑over‑year on an adjusted basis and reflects continued positive adjusted sequential growth for talent solutions; Q1 billing days are 61.9 (FY billing days 250.7; Q2 63.1, Q3 64.6, Q4 61.1). They expect Q1 adjusted operating margin to decline about 1 percentage point sequentially (including a ~4pp seasonal decline at Protiviti) and estimate a Q1 tax rate of 56%–58% (including an expected ~$4.5M stock‑comp tax charge ≈ $0.05/sh), normalizing to ~33%–35% for the rest of 2026. Key 2026 midpoint assumptions: adjusted revenue growth — talent solutions down 4%–8%, Protiviti flat to down 4%, overall down 3%–6%; adjusted gross margins — contract talent 38%–40%, Protiviti 18%–21%, overall 35%–38%; adjusted SG&A as % of revenue — talent 44%–46%, Protiviti 15%–17%, overall 33%–36%; adjusted operating income margins — talent 0%–3%, Protiviti 2%–5%, overall 1%–3%; diluted shares 99–100M; 2026 capital expenditures + capitalized cloud costs $70M–$90M (Q1 $10M–$20M).Robert Half Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
74
Positive
Cash Flow
70
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 5.38B | 5.80B | 6.39B | 7.24B | 6.46B |
| Gross Profit | 2.00B | 2.25B | 2.58B | 3.09B | 2.70B |
| EBITDA | 244.38M | 330.79M | 563.56M | 1.02B | 796.96M |
| Net Income | 132.99M | 251.60M | 411.15M | 657.92M | 598.63M |
Balance Sheet | |||||
| Total Assets | 2.86B | 2.85B | 3.01B | 2.96B | 2.95B |
| Cash, Cash Equivalents and Short-Term Investments | 464.44M | 537.58M | 731.74M | 658.63M | 619.00M |
| Total Debt | 421.28M | 402.42M | 403.34M | 389.62M | 446.37M |
| Total Liabilities | 1.58B | 1.48B | 1.42B | 1.40B | 1.57B |
| Stockholders Equity | 1.28B | 1.38B | 1.59B | 1.57B | 1.38B |
Cash Flow | |||||
| Free Cash Flow | 266.81M | 354.15M | 591.01M | 622.63M | 566.52M |
| Operating Cash Flow | 319.96M | 410.47M | 636.88M | 683.75M | 603.14M |
| Investing Cash Flow | -85.70M | -87.12M | -112.25M | -116.62M | -87.61M |
| Financing Cash Flow | -330.31M | -496.44M | -460.54M | -509.18M | -458.59M |
Robert Half Technical Analysis
Positive
27.44
Price Trends
24.86
Positive
26.13
Positive
29.39
Negative
Market Momentum
0.53
Negative
60.46
Neutral
78.70
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For RHI, the sentiment is Positive. The current price of 27.44 is above the 20-day moving average (MA) of 25.10, above the 50-day MA of 24.86, and below the 200-day MA of 29.39, indicating a neutral trend. The MACD of 0.53 indicates Negative momentum. The RSI at 60.46 is Neutral, neither overbought nor oversold. The STOCH value of 78.70 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for RHI.
Robert Half Risk Analysis
Robert Half disclosed 29 risk factors in its most recent earnings report. Robert Half reported the most risks in the "Legal & Regulatory" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Robert Half Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | $3.41B | 13.73 | 13.94% | 2.89% | 5.44% | 8.92% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
63 Neutral | $2.59B | 45.87 | 10.26% | 8.65% | -6.08% | -35.51% | |
56 Neutral | $352.60M | -1.20 | -22.10% | 3.53% | -1.87% | -48299.33% | |
53 Neutral | $1.37B | 137.58 | -0.81% | 4.96% | 4.77% | -115.03% | |
50 Neutral | $1.25B | -210.19 | -7.69% | 6.37% | 3.51% | -107.81% |
* Industrials Sector Average
RHI
Robert Half
26.15
-15.04
-36.52%
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Robert Half Corporate Events
Business Operations and StrategyExecutive/Board ChangesRegulatory Filings and Compliance
Robert Half Tightens Executive Severance to Align Governance
Positive
Apr 21, 2026
On April 20, 2026, Robert Half amended and restated severance agreements with its named executive officers, including M. Keith Waddell, Michael C. Buckley, Paul F. Gentzkow, Joseph A. Tarantino and Harold M. Messmer. The revisions removed provisio...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.