Robert Half (RHI) AI Stock Analysis

• Market Cap: $3.69B
• Dividend Yield: 6.18%
• Average Volume (3M): 2.06M
• Price to Earnings (P/E): 20.7
• Beta (1Y): 1.06
• Revenue Growth: -6.95%
• EPS Growth: -41.84%
• Country: US
• Employees: 14,700
• Sector: Industrials
• Sector Strength: 83
• Industry: Staffing & Employment Services
• EPS (TTM): 0.41
• Shares Outstanding: 101,738,660
• 10 Day Avg. Volume: 2,042,568
• 30 Day Avg. Volume: 2,064,217
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: 1.08
• Enterprise Value/Revenue: 0.70
• Enterprise Value/Gross Profit: 1.84
• Enterprise Value/Ebitda: 12.17
• 1Y Price Target: $47.40
• Price Target Upside: 30.76% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 6

• Rating: 61 Neutral
• Price Target: $45.00 ▲(24.14% Upside)

Robert Half's overall stock score reflects solid financial management but is weighed down by declining revenues, bearish technical indicators, and a cautious earnings outlook. The company's strong balance sheet and high dividend yield provide some support, yet strategic efforts are needed to address growth challenges.

Positive Factors

Client Confidence

Client confidence has improved since the last earnings call across both businesses.

Cost Management

The company announced a restructuring plan to reduce corporate overhead that should lower costs by ~$20M/quarter.

Technology Expansion

Expanding its technology offerings, which should help mitigate some of the cyclical aspects of its business.

Negative Factors

Earnings Guidance

Third-quarter guidance came in below expectations for both revenue and earnings.

Economic Uncertainty

Economic uncertainty has led to a deterioration in client hiring activity, affecting staffing revenues.

Revenue Decline

Revenue levels declined sequentially in April and May before stabilizing at lower levels in June and July.

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 Staffing, and Risk Consulting and Internal Audit Services. It places temporary services for accounting, finance, and bookkeeping; temporary and full-time office and administrative personnel consisting of executive and administrative assistants, receptionists, and customer service representatives; full-time accounting, financial, tax, and accounting operations personnel; and information technology contract professionals and full-time employees in the areas of platform systems integration to end-user technical and desktop support, including specialists in application development, networking and cloud, systems integration and deployment, database design and administration, and security and business continuity. The company also offers temporary and full-time employees in attorney, paralegal, legal administrative, and legal secretarial positions; and senior-level project professionals in the accounting and finance fields for financial systems conversions, expansion into new markets, business process re-engineering, business systems performance improvement, and post-merger financial consolidation. It is involved in serving professionals in the areas of creative, design, marketing, advertising, and public relations; and placing various positions, such as creative directors, graphics designers, web designers, media buyers, front end developers, copywriters, digital marketing managers, marketing analytics specialists, brand managers, and public relations specialists. The company provides internal audit, technology consulting, risk and compliance consulting, and business performance services. It serves clients and employment candidates. Robert Half International Inc. was founded in 1948 and is headquartered in Menlo Park, California.

How the Company Makes Money

Robert Half generates revenue primarily through its staffing services, which involve placing candidates in temporary, project-based, and permanent positions. The company earns fees from clients based on a percentage of the employee's salary or a markup on the hourly wage for temporary positions. Key revenue streams include placement fees from permanent hires and billable hours from temporary staffing. Additionally, RHI offers consulting services, particularly in finance and IT, which also contribute to its revenue. The company benefits from strong relationships with various industries, including healthcare, technology, and finance, and it has established partnerships that enhance its service offerings and market reach.

Robert Half Financial Statement Overview

Summary

Robert Half demonstrates solid financial management with strong cash flow generation and a stable balance sheet. However, declining revenue and profit margins pose challenges to growth. The company's financial stability is evident, but strategic actions are needed to address reduced operational efficiency and profitability.

Income Statement

The company shows a declining revenue trend, with total revenue dropping from previous periods. Gross profit margin remains healthy at 38.3% for TTM, yet the net profit margin has decreased to 3.6% from higher levels in prior years. The EBIT and EBITDA margins are also lower, reflecting reduced operational efficiency. These factors suggest moderate performance in profitability and growth.

Balance Sheet

The balance sheet reflects a stable financial position with a debt-to-equity ratio of 0.18, indicating low leverage. The equity ratio is strong at 48.7%, showcasing a robust equity base relative to total assets. However, the return on equity (ROE) has decreased to 15.6% in the TTM, suggesting reduced profitability on equity.

Cash Flow

The cash flow statement highlights a strong operating cash flow to net income ratio of 1.79, indicating efficient cash generation from operations. Free cash flow remains positive, although the free cash flow growth rate is negative due to lower profitability. The company maintains a solid cash flow position despite some fluctuations.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	5.80B	6.39B	7.24B	6.46B	5.11B
Gross Profit	2.25B	2.58B	3.09B	2.70B	2.01B
EBITDA	330.79M	563.56M	1.02B	796.96M	408.85M
Net Income	251.60M	411.15M	657.92M	598.63M	306.28M
Balance Sheet
Total Assets	2.85B	3.01B	2.96B	2.95B	2.56B
Cash, Cash Equivalents and Short-Term Investments	537.58M	731.74M	658.63M	619.00M	574.43M
Total Debt	233.52M	241.90M	237.85M	265.08M	302.71M
Total Liabilities	1.48B	1.42B	1.40B	1.57B	1.35B
Stockholders Equity	1.38B	1.59B	1.57B	1.38B	1.21B
Cash Flow
Free Cash Flow	354.15M	591.01M	622.63M	566.52M	563.15M
Operating Cash Flow	410.47M	636.88M	683.75M	603.14M	596.53M
Investing Cash Flow	-87.12M	-112.25M	-116.62M	-87.61M	9.46M
Financing Cash Flow	-496.44M	-460.54M	-509.18M	-458.59M	-315.32M

Robert Half Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 36.25
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For RHI, the sentiment is Negative. The current price of 36.25 is below the 20-day moving average (MA) of 37.56, below the 50-day MA of 40.43, and below the 200-day MA of 54.59, indicating a bearish trend. The MACD of -1.74 indicates Negative momentum. The RSI at 41.14 is Neutral, neither overbought nor oversold. The STOCH value of 75.09 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for RHI.

Robert Half Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
KFY	76 Outperform	$3.80B	15.93	13.49%	2.32%	-1.23%	44.06%
HSII	69 Neutral	$993.89M	30.16	7.18%	1.21%	8.89%	-13.57%
KFRC	69 Neutral	$595.17M	13.53	29.14%	4.78%	-5.77%	-11.93%
Sector *	63 Neutral	$10.80B	16.55	6.58%	2.06%	2.37%	-15.86%
RHI	61 Neutral	$3.69B	20.71	12.75%	6.18%	-6.95%	-41.84%
MAN	58 Neutral	$1.91B	18.36	-0.78%	5.49%	-3.79%	-138.56%
NSP	54 Neutral	$1.97B	49.91	31.50%	4.59%	2.40%	-75.66%

Robert Half Corporate Events

Robert Half Secures New $100 Million Credit Agreement

On May 28, 2025, Robert Half entered into a new $100 million credit agreement with Bank of America, N.A. as the administrative agent, replacing its previous agreement from May 11, 2020. The new agreement includes customary financial covenants and conditions, with BofA Securities, Inc. serving as the sole bookrunner and lead arranger. Additionally, Protiviti Inc., RH-TM Resources, Inc., and Protiviti Government Services, Inc. have agreed to guarantee the obligations under this new credit agreement.

The most recent analyst rating on (RHI) stock is a Hold with a $70.00 price target. To see the full list of analyst forecasts on Robert Half stock, see the RHI Stock Forecast page.

Robert Half Stockholders Approve Key Proposals at Meeting

On May 14, 2025, Robert Half held its annual meeting of stockholders, where three key matters were voted on: the election of nine directors, the approval of executive compensation on an advisory basis, and the ratification of PricewaterhouseCoopers LLP as the independent registered public accounting firm for 2025. The election of directors saw varying levels of support, with all nominees receiving a majority of votes. The executive compensation proposal was approved with a significant majority, and the appointment of PricewaterhouseCoopers LLP was ratified with overwhelming support, indicating strong stockholder confidence in the company’s leadership and financial oversight.

The most recent analyst rating on (RHI) stock is a Hold with a $70.00 price target. To see the full list of analyst forecasts on Robert Half stock, see the RHI Stock Forecast page.