Trueblue (TBI) AI Stock Analysis

• Market Cap: $178.21M
• Dividend Yield: N/A
• Average Volume (3M): 185.37K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.13
• Revenue Growth: -13.01%
• EPS Growth: 68.18%
• Country: US
• Employees: 4,200
• Sector: Industrials
• Sector Strength: 83
• Industry: Staffing & Employment Services
• EPS (TTM): -0.07
• Shares Outstanding: 29,900,867
• 10 Day Avg. Volume: 218,368
• 30 Day Avg. Volume: 185,369
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 1.61
• Enterprise Value/Revenue: 0.19
• Enterprise Value/Gross Profit: 0.76
• Enterprise Value/Ebitda: -22.50
• 1Y Price Target: $6.75
• Price Target Upside: 17.19% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 48 Neutral
• Price Target: $5.50 ▼(-4.51% Downside)

Trueblue's overall stock score is primarily impacted by financial challenges, including negative profit margins and cash flow issues. While strategic expansions and cost reductions offer some optimism, technical indicators and valuation suggest caution. The earnings call provides a positive outlook, but significant risks remain.

Positive Factors

Acquisition Impact

Its recent HSP accretive acquisition should help expand into a vertical with more secular growth trends.

Business Expansion

Management highlighted some green shoots such as its energy renewal business and wins in its on-site business.

Market Position

Management believes its competitive advantages should help TBI gain share as the environment improves.

Negative Factors

Market Uncertainty

Management acknowledged the current environment is still one of uncertainty, with customers still hesitant to make longer-term hiring decisions.

Trueblue Business Overview & Revenue Model

Company Description

Trueblue, Inc. (TBI) is a leading provider of specialized workforce solutions in the United States. The company operates primarily in the staffing and recruitment sectors, delivering a range of services that include temporary staffing, direct hire solutions, and managed services for various industries such as manufacturing, logistics, and administrative sectors. Trueblue focuses on connecting businesses with skilled workers, helping organizations manage their workforce needs efficiently and effectively.

How the Company Makes Money

Trueblue generates revenue primarily through its staffing and recruitment services. The company earns money by charging clients a fee for each worker placed, which can be based on a percentage of the employee's wage or a flat fee arrangement. Key revenue streams include temporary staffing services, where they provide workers on a short-term basis, and permanent placement services, where they connect businesses with candidates for long-term employment. Additionally, Trueblue has established significant partnerships with various organizations and companies, which help to secure large contracts and consistent revenue. The company's ability to adapt its offerings to meet the specific needs of different industries also contributes to its earnings.

Trueblue Financial Statement Overview

Summary

Trueblue is facing financial challenges with declining revenues, increased leverage, and cash flow difficulties. The income statement shows negative EBIT and net income margins, while the balance sheet indicates higher leverage. Cash flow metrics are under pressure, highlighting potential liquidity issues.

Income Statement

The income statement for Trueblue reveals a challenging financial period. The TTM data shows a significant decline in revenue and profitability, with negative EBIT and net income margins. Revenue has seen a declining trend over the past few years, and the company is currently operating at a loss, resulting in a negative net profit margin. This indicates potential difficulties in managing costs relative to revenue, reflecting adverse operational performance.

Balance Sheet

The balance sheet presents a mixed scenario. Trueblue's debt-to-equity ratio has increased over the years, suggesting higher leverage, which could be a risk if not managed properly. However, the equity ratio remains reasonable, indicating a stable base of stockholders' equity. Return on equity has been negative recently due to losses, which is a concern, but the overall equity position provides some stability.

Cash Flow

Cash flow metrics indicate significant pressure. Operating cash flow is negative in the TTM, and free cash flow has declined, reflecting challenges in generating cash from operations. The free cash flow to net income ratio and operating cash flow to net income ratio are unfavorable, highlighting potential liquidity issues if this trend continues.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.53B	1.57B	1.91B	2.25B	2.17B	1.85B
Gross Profit	375.52M	406.39M	506.06M	602.14M	560.32M	440.64M
EBITDA	-12.76M	-3.54M	11.46M	115.61M	96.00M	-126.04M
Net Income	-33.85M	-125.75M	-14.17M	62.27M	61.63M	-141.84M
Balance Sheet
Total Assets	672.78M	675.38M	899.38M	1.02B	1.03B	980.58M
Cash, Cash Equivalents and Short-Term Investments	21.90M	22.54M	61.88M	72.05M	49.90M	62.51M
Total Debt	110.10M	66.53M	61.34M	62.56M	67.02M	68.73M
Total Liabilities	367.59M	360.02M	441.51M	523.09M	540.16M	543.39M
Stockholders Equity	305.19M	315.36M	457.87M	496.31M	493.07M	437.19M
Cash Flow
Free Cash Flow	-54.71M	-41.21M	3.48M	89.88M	-14.57M	125.47M
Operating Cash Flow	-34.91M	-17.06M	34.75M	120.50M	20.44M	152.53M
Investing Cash Flow	-16.93M	-2.45M	-32.32M	-20.95M	-16.22M	-34.41M
Financing Cash Flow	48.55M	-17.09M	-37.58M	-64.69M	-19.13M	-92.50M

Trueblue Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 5.76
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TBI, the sentiment is Negative. The current price of 5.76 is below the 20-day moving average (MA) of 6.64, below the 50-day MA of 6.58, and below the 200-day MA of 6.57, indicating a bearish trend. The MACD of -0.25 indicates Positive momentum. The RSI at 39.35 is Neutral, neither overbought nor oversold. The STOCH value of 27.54 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TBI.

Trueblue Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	63 Neutral	$10.80B	16.55	6.58%	2.06%	2.37%	-15.86%
HQI	58 Neutral	$140.72M	57.86	4.06%	2.60%	-9.76%	-53.41%
MHH	56 Neutral	$89.38M	109.45	1.01%	―	5.16%	―
KELYA	51 Neutral	$497.40M	11.43	-0.49%	2.06%	0.97%	-112.75%
DHX	49 Neutral	$112.34M	268.89	-8.83%	―	-8.31%	-445.30%
TBI	48 Neutral	$178.21M	―	-10.53%	―	-13.01%	68.18%
BGSF	48 Neutral	$66.62M	―	-9.13%	4.69%	-24.36%	-393.95%

Trueblue Corporate Events

TrueBlue Reports Improved Q2 2025 Financial Results

TrueBlue reported its second quarter 2025 financial results, showing a revenue of $396 million, which remained flat compared to the previous year. The company achieved a net loss of $0 million, a significant improvement from the $105 million net loss in the prior year, attributed to non-cash impairment and tax valuation charges. TrueBlue’s strategic focus on skilled trades, healthcare, and energy markets, along with investments in proprietary technologies, is expected to drive future growth and enhance operational efficiency. The company is optimistic about returning to growth in the third quarter, with a focus on retaining and expanding client relationships and delivering high-quality solutions.

The most recent analyst rating on (TBI) stock is a Buy with a $10.00 price target. To see the full list of analyst forecasts on Trueblue stock, see the TBI Stock Forecast page.

TrueBlue Holds Annual Shareholders Meeting May 2025

On May 14, 2025, TrueBlue, Inc. held its annual meeting of shareholders where 27,085,588 shares were represented. During the meeting, shareholders elected nine directors, approved executive compensation, amended the 2016 Omnibus Incentive Plan, and ratified Deloitte & Touche LLP as the accounting firm for the fiscal year ending December 28, 2025.

The most recent analyst rating on (TBI) stock is a Buy with a $13.00 price target. To see the full list of analyst forecasts on Trueblue stock, see the TBI Stock Forecast page.

TrueBlue Declares Dividend Amid Acquisition Defense

On May 14, 2025, TrueBlue’s Board of Directors declared a dividend of one preferred stock purchase right for each share of common stock, effective May 28, 2025. This move, part of a limited duration shareholder rights agreement, aims to protect shareholder interests against an unsolicited acquisition proposal from HireQuest, Inc. The agreement is designed to prevent any entity from gaining control of TrueBlue without paying a control premium or allowing the Board to make informed decisions, thus safeguarding the company’s and shareholders’ best interests.

The most recent analyst rating on (TBI) stock is a Buy with a $13.00 price target. To see the full list of analyst forecasts on Trueblue stock, see the TBI Stock Forecast page.