TrueBlue, Inc. (TBI) AI Stock Analysis

TrueBlue, Inc. delivers tailored workforce solutions across the United States, Canada, and Puerto Rico through three distinct operating segments. The PeopleReady segment provides contingent staffing solutions for blue-collar, on-demand, and skilled labor in industries such as construction, manufacturing, logistics, warehousing, energy, retail, hospitality, and general labor. The PeopleManagement segment offers outsourced industrial workforce solutions, including on-site facility management and driver recruiting through brands such as Staff Management, SIMOS Insourcing Solutions, and Centerline Drivers. The PeopleScout segment provides recruitment process outsourcing services to assist clients in sourcing and managing permanent employees as well as contingent labor programs.

TrueBlue's revenue grew from $2.17B in FY2021 to $2.25B in FY2022, before dropping 15.4% to $1.91B in FY2023 and 17.8% to $1.57B in FY2024. In FY2025, revenue increased 3.1% to $1.62B, though gross margin contracted to 21.2% from 25.9% in FY2024. Operating margin remained negative at -1.7% in FY2025, while net income was -$48.0M and diluted EPS was -$0.69. Over the 5-year period from FY2020 to FY2025, revenue posted a CAGR of -2.6%. For the trailing twelve months, revenue reached $1.69B with an operating margin of 0.6% and a profit margin of -3.4%. In the latest quarter ended June 30, 2026, quarterly revenue rose 11.8% year-over-year, while quarterly earnings declined 63.4%.

As of June 30, 2026, TrueBlue held $23.3M in cash and short-term investments against total debt of $138.4M, resulting in net debt of $115.2M. Total assets stood at $623.0M and shareholders' equity was $254.7M, supporting a current ratio of 2.28 and a debt-to-equity ratio of 0.54. Operating cash flow in FY2025 was -$58.0M, which contributed to free cash flow of -$73.7M. During FY2025, capital expenditures totaled $15.7M, and the company allocated $1.1M to share buybacks, with its share count declining 14.6% over five years.

TrueBlue trades at a market capitalization of $252.1M and an enterprise value of $413.8M. Its forward P/E ratio is 11.3x, compared to a median of 17.2x for its US-listed Industrials peers. The company has a price-to-sales ratio of 0.1x, well below the peer group median of 1.5x, and an EV-to-EBITDA multiple of 88.3x versus the peer median of 13.9x. Over the past year, the stock returned 54.8%, outpacing the S&P 500's return of 16.8%. However, over a 5-year period, TrueBlue declined 73.3%, while the S&P 500 rose 83.0%.

TrueBlue is covered by Wall Street analysts with 1 Strong Buy and 1 Hold rating. The mean price target is $9.75, representing an upside of 17.8% from the last close of $8.28 on October 16, 2026. For the fiscal year ending December 31, 2026, analysts estimate an EPS of -$0.02 and revenue of $1.75B. For the next fiscal year, 3 analysts project revenue of $1.81B and EPS of $0.82. The company beat EPS estimates in 3 of the last 4 quarters, and its next earnings date is November 2, 2026.

This page is an AI-written research summary of TrueBlue, Inc. (TBI). 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.

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