HireQuest, Inc. (HQI) AI Stock Analysis

NASDAQ: HQIAI research summary: business, growth, valuation, analysts, bull and bear case.

HQI AI stock analysis summary

AI Research

HireQuest, Inc. (HQI) is a nationwide provider of temporary staffing solutions operating through a franchisee network. The company generated $30.2M in trailing twelve-month revenue with a 41.3% operating margin. Its shares have risen 114.8% over the past year, outpacing broader market indices despite consecutive annual revenue contractions in FY2024 and FY2025.

Market cap
$248.5M
Revenue (TTM)
$30.2M
P/E
29.8x
fwd 20.2x
1Y return
114.8%
S&P 500 16.8%
Avg. target
$19.00
6.2% vs last close

Bull case

  • Trailing twelve-month operating margin is 41.3%, substantially above the US-listed Industrials median of 11.7%.
  • Quarterly earnings increased 156.8% year-over-year for the period ended June 30, 2026.
  • The company generates strong cash conversion, delivering $12.0M of free cash flow on $30.6M of revenue in FY2025.

Bear case

  • Annual revenue contracted for two consecutive fiscal years, declining 8.7% in FY2024 and 11.4% in FY2025.
  • The stock trades at a valuation premium with a price-to-sales multiple of 8.2x compared to the sector peer median of 1.5x.
  • Cash reserves stood at $1.6M as of June 30, 2026, against total assets of $93.4M.

What HireQuest does

HireQuest, Inc., based in Goose Creek, South Carolina, provides temporary staffing solutions throughout the United States. Operating through approximately 216 franchisee-owned offices across 36 states and the District of Columbia as of December 31, 2021, the company supplies skilled and semi-skilled labor, industrial personnel, clerical and administrative support, and construction personnel. A key operational focus is supplying commercial drivers to sectors including warehousing, construction, hospitality, logistics, waste management, and disaster recovery. Founded in 2002 under the name Command Center, Inc., the company adopted the HireQuest name in September 2019.

Growth and profitability

HireQuest experienced top-line growth from $22.5M in FY2021 to a peak of $37.9M in FY2023, before revenue fell 8.7% to $34.6M in FY2024 and down 11.4% to $30.6M in FY2025. Over the five-year period from FY2020 to FY2025, revenue grew at a CAGR of 17.3%. Net income reached $6.3M in FY2025, yielding an EPS of $0.71. Operating margins stood at 22.7% in FY2025 and improved to 41.3% over the trailing twelve months. In the latest quarter ended June 30, 2026, revenue increased 6.0% year-over-year, while quarterly earnings grew 156.8%.

HQI income statement →

Balance sheet and cash flow

As of June 30, 2026, HireQuest held $1.6M in cash and short-term investments against total assets of $93.4M and shareholders' equity of $68.9M. The company maintained a current ratio of 2.74. In FY2025, operations generated $12.0M in operating cash flow and $12.0M in free cash flow. Capital deployment that year included $56,000 for capital expenditures, $377,000 directed toward share buybacks, and $3.4M paid in dividends. Over the past five years, the total share count increased by 1.4%.

HQI balance sheet →

Valuation and performance

HireQuest holds a market cap of $248.5M and an enterprise value of $253.6M. The stock trades at a trailing P/E of 29.8x and a forward P/E of 20.2x, compared to medians of 24.8x and 17.2x for US-listed Industrials. Its price-to-sales ratio stands at 8.2x, above the peer group median of 1.5x, while its EV/EBITDA is 20.4x versus the peer median of 13.9x. The stock has gained 114.8% over the past year, compared to a 16.8% return for the S&P 500 (SPY). Over a five-year horizon, HQI is up 2.4% versus 83.0% for the S&P 500.

HQI key metrics →

HQI dividend

HireQuest pays a forward annual dividend of $0.24 per share, resulting in a dividend yield of 1.34% and a payout ratio of 36.4%. The company distributes dividends on a quarterly schedule and has paid dividends for 7 consecutive years. Over the last five years, annualized dividend growth was 19.1%. The last ex-dividend date occurred on September 1, 2026.

HQI dividend history →

What analysts expect

Wall Street coverage includes 1 Strong Buy and 1 Buy rating, with no Hold, Sell, or Strong Sell recommendations. The mean price target is $19.00, representing a 6.2% premium over the last close of $17.89. For the fiscal year ending December 31, 2026, analysts estimate EPS of $0.78 on revenue of $30.8M. For the next fiscal year, 2 analysts project EPS of $0.84 and revenue of $32.5M. The company beat EPS estimates in 3 of the last 4 quarters, and its next earnings date is November 5, 2026.

HQI forecast and price target →

Key risks and what to watch

  • Annual revenues dropped from $37.9M in FY2023 to $30.6M in FY2025, presenting vulnerability if demand softens further.
  • Valuation multiples are elevated relative to peers, including a trailing P/E of 29.8x versus the peer median of 24.8x.
  • Insiders hold 61.4% of the shares, resulting in concentrated voting power relative to public shareholders.
  • A beta of 1.17 indicates higher price volatility compared to the broader equity market.

AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer

About this HQI AI stock analysis

This page is an AI-written research summary of HireQuest, Inc. (HQI). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: HQI income statement, HQI balance sheet, HQI key metrics, HQI analyst forecast, HQI chart. See the HQI stock overview for the latest quote and news.

HQI AI stock analysis FAQ

Does HireQuest pay a dividend?

Yes, HireQuest pays an annual dividend of $0.24 per share distributed quarterly, representing a dividend yield of 1.34% and a payout ratio of 36.4%.

What are analysts' price targets for HQI?

Analysts have an average price target of $19.00 on the stock, which is 6.2% above its recent closing price of $17.89.

How fast is HireQuest growing?

In the latest quarter ended June 30, 2026, revenue increased 6.0% year-over-year. For FY2025, annual revenue fell 11.4% to $30.6M, though its 5-year revenue CAGR through FY2025 was 17.3%.

When is HireQuest's next earnings report?

HireQuest is scheduled to report its next financial results on November 5, 2026.

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