Robert Half International (RHI)
NYSE:RHI
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Robert Half
(NYSE:RHI)
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Rating:55Neutral
Price Target:
$32.00
â–²(16.62% Upside)
Action:Reiterated
Date:05/25/26
The score is held back primarily by weak recent financial performance (contracting revenue and compressed margins) and a high P/E, partially offset by a solid balance sheet, still-positive cash generation, improving technical momentum, and earnings-call guidance that suggests a possible return to year-over-year growth and EPS improvement by Q3.
Positive Factors
Balance sheet strength and low leverage
Modest debt-to-equity and sizable equity provide financial flexibility through a downcycle. Low leverage reduces refinancing and interest risk, preserves capacity to fund working capital, dividends, or targeted investments, and supports operational resilience over the next several quarters.
Negative Factors
Sharp revenue declines and margin compression
Material revenue contraction and falling gross/net margins signal weakened pricing/mix and lower earnings power. Persistent margin pressure erodes ROE and free cash conversion, limiting reinvestment and shareholder returns until structural demand or pricing recovers over several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance sheet strength and low leverage
Modest debt-to-equity and sizable equity provide financial flexibility through a downcycle. Low leverage reduces refinancing and interest risk, preserves capacity to fund working capital, dividends, or targeted investments, and supports operational resilience over the next several quarters.
Read all positive factors
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 (RHI) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$3.23B
Dividend Yield8.65%
Average Volume (3M)2.18M
Price to Earnings (P/E)24.3
Beta (1Y)1.03
Revenue Growth-6.08%
EPS Growth-35.51%
CountryUS
Employees14,700
SectorIndustrials
Sector Strength72
IndustryStaffing & Employment Services
Share Statistics
EPS (TTM)1.30
Shares Outstanding102,293,590
10 Day Avg. Volume2,505,963
30 Day Avg. Volume2,179,563
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 Cap1.01
Enterprise Value/Revenue0.61
Enterprise Value/Gross Profit1.65
Enterprise Value/Ebitda12.22
Forecast
1Y Price Target
$25.80Price Target Upside-5.98% Downside
Rating ConsensusHold
Number of Analyst Covering7
EPS Forecast (FY)1.32
Revenue Forecast (FY)$5.30B
Robert Half Business Overview & Revenue Model
Company Description
Robert Half International Inc., established in 1948 and headquartered in Menlo Park, California, is a prominent global provider specializing in staffing and risk advisory services. The company's operations span North and South America, Europe, Asi...
How the Company Makes Money
Robert Half primarily makes money through (1) staffing and talent placement fees and (2) consulting revenues from Protiviti. In its staffing business, the company earns revenue by supplying professionals to clients on a temporary/contract basis an...
Robert Half Earnings Call Summary
Earnings Call Date:Apr 23, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Jul 29, 2026
Earnings Call Sentiment Neutral
The call reflects a balanced tone: Q1 results showed continued year-over-year revenue declines and an elevated Q1 tax impact that pressured EPS, and Protiviti faced U.S. regulatory headwinds. Offsetting these negatives, management highlighted sequential improvement in talent solutions revenue trends into April, stable or improving adjusted margins and SG&A, pricing gains, strong tech consulting and non-U.S. Protiviti growth, proactive cost actions ($30M annual savings) and guidance that implies a return to year-over-year growth and double-digit EPS improvement in Q3. Given the meaningful operational actions, improving trends, and clear near-term targets for recovery, but also material present weaknesses, the positives and negatives are roughly balanced.Positive Updates
Sequential Recovery in Talent Solutions
Talent solutions delivered a second consecutive quarter of positive sequential growth on a same-day constant-currency basis, with contract revenues improving from a -7% quarter decline to -5% in March and only -1% in the first two weeks of April (all adjusted for currency and billing days). Management noted strengthening trends into April and early Q2.
Negative Updates
Year-over-Year Revenue Declines
Global enterprise revenues were $1.3B, down 4% reported and down 6% on an adjusted basis. Adjusted talent solutions revenues were down 7% YoY. Protiviti adjusted revenues were down 4% YoY with U.S. Protiviti down 6% (offset partially by non-U.S. +8%).
Read all updates
Q1-2026 Updates
Positive
Negative
Sequential Recovery in Talent Solutions
Talent solutions delivered a second consecutive quarter of positive sequential growth on a same-day constant-currency basis, with contract revenues improving from a -7% quarter decline to -5% in March and only -1% in the first two weeks of April (all adjusted for currency and billing days). Management noted strengthening trends into April and early Q2.
Read all positive updates
Company Guidance
For Q2 the company guided revenue of $1.275B–$1.375B (midpoint $1.325B, -4% y/y adjusted) and GAAP EPS of $0.20–$0.30 (ex‑$0.03 onetime severance: $0.23–$0.33); the midpoint assumes talent solutions adjusted revenue flat to -4%, Protiviti -4% to -8% and consolidated adjusted revenue -1% to -5%, and reflects a $5M Q2 severance charge (~$0.03/share) tied to cost actions that will reduce annual costs by $30M and be fully implemented by Q3. Key model assumptions: contract talent gross margin 38%–40%, Protiviti gross margin 19%–21%, consolidated gross margin 36%–39%; adjusted SG&A as % of revenue — talent 43%–45%, Protiviti 16%–18%, consolidated 34%–36%; adjusted operating income margins — talent 2%–4%, Protiviti 2%–4%, consolidated 2%–4%; tax rate 34%–36%; diluted shares 100–101M; 2026 capex + capitalized cloud $70M–$90M with Q2 spend $15M–$25M. For Q3 management expects talent solutions y/y growth of 1%–3%, Protiviti sequential revenue +0%–3% and Protiviti adjusted segment margins of 7%–9%, driving Q3 consolidated net income and EPS growth of ~8%–12% y/y.Robert Half Financial Statement Overview
Summary
Income Statement
38
Negative
Balance Sheet
72
Positive
Cash Flow
55
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 5.33B | 5.38B | 5.80B | 6.39B | 7.24B | 6.46B |
| Gross Profit | 1.98B | 2.00B | 2.25B | 2.58B | 3.09B | 2.70B |
| EBITDA | 267.84M | 244.38M | 446.99M | 675.55M | 1.02B | 796.96M |
| Net Income | 129.43M | 132.99M | 251.60M | 411.15M | 657.92M | 598.63M |
Balance Sheet | ||||||
| Total Assets | 2.70B | 2.86B | 2.85B | 3.01B | 2.96B | 2.95B |
| Cash, Cash Equivalents and Short-Term Investments | 278.39M | 464.44M | 537.58M | 731.74M | 658.63M | 619.00M |
| Total Debt | 251.98M | 421.28M | 402.42M | 403.34M | 389.62M | 446.37M |
| Total Liabilities | 1.47B | 1.58B | 1.48B | 1.42B | 1.40B | 1.57B |
| Stockholders Equity | 1.23B | 1.28B | 1.38B | 1.59B | 1.57B | 1.38B |
Cash Flow | ||||||
| Free Cash Flow | 217.72M | 266.81M | 354.15M | 591.01M | 622.63M | 566.52M |
| Operating Cash Flow | 266.97M | 319.96M | 410.47M | 636.88M | 683.75M | 603.14M |
| Investing Cash Flow | -56.28M | -85.70M | -87.12M | -112.25M | -116.62M | -87.61M |
| Financing Cash Flow | -286.93M | -330.31M | -496.44M | -460.54M | -509.18M | -458.59M |
Robert Half Technical Analysis
Positive
27.44
Price Trends
27.62
Positive
26.25
Positive
27.16
Positive
Market Momentum
1.48
Negative
61.74
Neutral
59.96
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 below the 20-day moving average (MA) of 30.23, below the 50-day MA of 27.62, and above the 200-day MA of 27.16, indicating a bullish trend. The MACD of 1.48 indicates Negative momentum. The RSI at 61.74 is Neutral, neither overbought nor oversold. The STOCH value of 59.96 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 | $3.71B | 13.73 | 13.94% | 2.89% | 5.44% | 8.92% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
55 Neutral | $3.23B | 24.31 | 10.14% | 8.65% | -6.08% | -35.51% | |
53 Neutral | $415.73M | -1.47 | -24.58% | 3.53% | -7.30% | -1239.34% | |
51 Neutral | $1.38B | -54.62 | -32.05% | 6.37% | 3.04% | -140.22% | |
49 Neutral | $1.56B | -95.54 | -0.81% | 4.96% | 4.77% | -115.03% |
* Industrials Sector Average
RHI
Robert Half
29.11
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-21.49%
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KFY
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MAN
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Robert Half Corporate Events
Executive/Board ChangesShareholder Meetings
Robert Half Shareholders Back Board, Pay and Incentive Plan
Positive
May 14, 2026
At its annual stockholders’ meeting on May 13, 2026, Robert Half Inc. shareholders elected eight directors to the board, including CEO M. Keith Waddell and Chairman Emeritus Harold M. Messmer Jr., with varying but generally strong levels of ...
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.