Kelly Services, Inc. (KELYA) Key Metrics
KELYA valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $525.8M
- Enterprise value
- $701.8M
- P/E (TTM)
- — 10-yr median 11.4
- Forward P/E
- 8.9
- PEG ratio
- 0.69
- Price / sales
- 0.1 10-yr median 0.2
- Price / book
- 0.6 10-yr median 0.6
- EV / EBITDA
- 13.9 10-yr median 6.1
- Dividend yield
- 1.79% $0.30 a year
- Beta
- 0.88
KELYA key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsKELYA valuation Price multiples at each fiscal year-end price.
KELYA returns How much profit the business earns on the capital it uses.
KELYA per-share figures Results divided by the shares outstanding at year-end.
KELYA financial health Debt, liquidity and how easily interest is covered.
KELYA efficiency & capital use Working capital cycle and where the cash goes.
KELYA valuation history
KELYA returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
KELYA debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
KELYA cash returned to shareholders
KELYA price vs earnings per share
KELYA key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $308.9M | $494.9M | $784.8M | $643.9M | $662.4M | $808.4M | $885.1M | $800.8M | $1.06B | $880.1M |
| Enterprise value | $435.0M | $758.5M | $710.3M | $560.6M | $628.6M | $672.8M | $924.6M | $767.7M | $1.04B | $850.5M |
| P/E ratio | — | — | 21.6 | — | 4.2 | — | 7.9 | 35.0 | 14.9 | 7.2 |
| Price / sales | 0.1 | 0.1 | 0.2 | 0.1 | 0.1 | 0.2 | 0.2 | 0.1 | 0.2 | 0.2 |
| Price / book | 0.3 | 0.4 | 0.6 | 0.5 | 0.5 | 0.7 | 0.7 | 0.7 | 0.9 | 0.9 |
| Price / free cash flow | 2.7 | 31.3 | 12.8 | — | 9.0 | 4.7 | 10.8 | 22.4 | 22.4 | 34.8 |
| Price / operating cash flow | 2.5 | 18.4 | 10.2 | — | 7.8 | 4.3 | 8.7 | 13.0 | 15.1 | 23.2 |
| EV / sales | 0.1 | 0.2 | 0.1 | 0.1 | 0.1 | 0.1 | 0.2 | 0.1 | 0.2 | 0.2 |
| EV / EBITDA | 3.9 | 19.0 | 6.2 | 4.6 | 6.1 | 8.4 | 5.3 | 38.6 | 9.7 | 4.9 |
| EV / free cash flow | 3.8 | 48.0 | 11.6 | — | 8.5 | 3.9 | 11.2 | 21.4 | 21.9 | 33.6 |
| Earnings yield | −82.3% | −0.1% | 4.6% | −9.7% | 23.6% | −8.9% | 12.7% | 2.9% | 6.7% | 13.9% |
| Free cash flow yield | 36.9% | 3.2% | 7.8% | −13.7% | 11.1% | 21.1% | 9.3% | 4.5% | 4.5% | 2.9% |
| Dividend yield | 3.6% | 2.2% | 1.4% | 1.6% | 0.6% | 0.4% | 1.3% | 1.5% | 1.1% | 1.2% |
| Shareholder yield (dividends + buybacks) | 7.5% | 4.2% | 6.8% | 7.1% | 0.7% | 0.5% | 1.6% | 2.3% | 1.3% | 1.5% |
| Share price at fiscal year-end | $8.80 | $13.94 | $21.62 | $16.90 | $16.77 | $20.57 | $22.58 | $20.48 | $27.27 | $22.92 |
| Per share | ||||||||||
| Revenue per share | $121.11 | $122.02 | $133.21 | $130.33 | $124.30 | $114.91 | $136.62 | $141.02 | $137.81 | $137.42 |
| Earnings per share | −$7.24 | −$0.02 | $1.00 | −$1.64 | $3.95 | −$1.83 | $2.87 | $0.59 | $1.84 | $3.19 |
| Operating cash flow per share | $3.49 | $0.76 | $2.11 | −$2.00 | $2.15 | $4.73 | $2.61 | $1.57 | $1.80 | $0.99 |
| Free cash flow per share | $3.25 | $0.45 | $1.69 | −$2.32 | $1.87 | $4.34 | $2.10 | $0.92 | $1.22 | $0.66 |
| Cash per share | $0.94 | $1.10 | $3.47 | $4.03 | $2.85 | $5.67 | $0.66 | $0.90 | $0.85 | $0.77 |
| Book value per share | $27.82 | $34.78 | $34.54 | $32.92 | $33.83 | $30.61 | $32.26 | $29.65 | $29.53 | $26.40 |
| Tangible book value per share | $15.62 | $18.48 | $26.58 | $24.43 | $27.56 | $29.11 | $27.72 | $26.49 | $26.31 | $24.08 |
| Dividends per share | $0.31 | $0.31 | $0.30 | $0.28 | $0.10 | $0.08 | $0.30 | $0.30 | $0.30 | $0.28 |
| Capex per share | $0.24 | $0.31 | $0.42 | $0.31 | $0.28 | $0.39 | $0.51 | $0.65 | $0.59 | $0.33 |
| Debt per share | $4.53 | $8.52 | $1.41 | $1.85 | $2.00 | $2.22 | $1.67 | $0.06 | $0.26 | $0.00 |
| Shares outstanding | 35.1M | 35.5M | 36.3M | 38.1M | 39.5M | 39.3M | 39.2M | 39.1M | 39.0M | 38.4M |
| Change in shares outstanding | −1.1% | −2.2% | −4.7% | −3.5% | +0.5% | +0.3% | +0.3% | +0.3% | +1.6% | +1.3% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | −23.0% | −0.0% | 2.9% | −4.8% | 12.3% | −5.8% | 9.3% | 2.0% | 6.6% | 12.8% |
| Return on invested capital (ROIC) | −4.2% | −0.9% | 2.1% | 0.9% | 3.3% | −6.2% | 6.7% | 6.1% | 6.7% | 5.5% |
| Return on assets (ROA) | −10.4% | −0.0% | 1.4% | −2.2% | 5.7% | −2.9% | 4.7% | 1.0% | 3.3% | 6.2% |
| Return on tangible assets | −13.9% | −0.0% | 1.6% | −2.7% | 5.9% | −2.9% | 4.9% | 1.0% | 3.2% | 6.3% |
| Free cash flow margin | 2.7% | 0.4% | 1.3% | −1.8% | 1.5% | 3.8% | 1.5% | 0.6% | 0.9% | 0.5% |
| Income quality (OCF / net income) | — | — | 2.11 | — | 0.54 | — | 0.91 | 2.68 | 0.98 | 0.31 |
| Financial health | ||||||||||
| Total debt | $159.1M | $302.6M | $51.3M | $70.4M | $78.9M | $87.4M | $65.3M | $2.2M | $10.2M | $0 |
| Cash & short-term investments | $33.0M | $39.0M | $125.8M | $153.7M | $112.7M | $223.0M | $25.8M | $35.3M | $33.3M | $29.6M |
| Net debt | $126.1M | $263.6M | −$74.5M | −$83.3M | −$33.8M | −$135.6M | $39.5M | −$33.1M | −$23.1M | −$29.6M |
| Debt / equity | 0.16 | 0.25 | 0.04 | 0.06 | 0.06 | 0.07 | 0.05 | 0.00 | 0.01 | 0.00 |
| Debt / assets | 0.07 | 0.11 | 0.02 | 0.03 | 0.03 | 0.03 | 0.03 | 0.00 | 0.00 | 0.00 |
| Net debt / EBITDA | 1.12 | 6.61 | −0.65 | −0.68 | −0.33 | −1.69 | 0.23 | −1.66 | −0.22 | −0.17 |
| Current ratio | 1.54 | 1.65 | 1.59 | 1.52 | 1.45 | 1.67 | 1.59 | 1.56 | 1.50 | 1.58 |
| Quick ratio | 1.54 | 1.65 | 1.31 | 1.52 | 1.45 | 1.67 | 1.57 | 1.56 | 1.50 | 1.58 |
| Interest coverage | -5.6 | -1.4 | 7.6 | 7.0 | 19.4 | -31.2 | 19.5 | 28.2 | 30.9 | 17.1 |
| Working capital | $446.5M | $539.0M | $606.7M | $586.4M | $493.5M | $624.0M | $521.6M | $503.0M | $458.1M | $445.3M |
| Invested capital | $1.10B | $1.50B | $1.18B | $1.17B | $1.30B | $1.07B | $1.30B | $1.13B | $1.13B | $984.2M |
| Tangible asset value | $548.2M | $656.2M | $964.9M | $930.7M | $1.09B | $1.14B | $1.09B | $1.04B | $1.03B | $924.8M |
| Net current asset value | −$5.8M | −$32.2M | $298.7M | $305.6M | $30.7M | $190.7M | $189.6M | $245.6M | $157.6M | $200.3M |
| Graham number | — | — | $27.91 | — | $54.84 | — | $45.62 | $19.77 | $34.92 | $43.55 |
| Graham net-net per share | −$9.96 | −$11.75 | −$5.12 | −$3.60 | −$9.57 | −$4.76 | −$5.56 | −$3.83 | −$5.81 | −$3.44 |
| Capital allocation | ||||||||||
| Dividends paid | $11.0M | $10.9M | $11.0M | $10.6M | $4.0M | $3.0M | $11.9M | $11.8M | $11.6M | $10.7M |
| Share buybacks (net) | $12.3M | $10.0M | $42.2M | $35.0M | $600,000 | $1.2M | $2.5M | $6.9M | $1.8M | $2.2M |
| Dividend payout ratio | — | — | 30.2% | — | 2.6% | — | 10.6% | 51.5% | 16.2% | 8.7% |
| Dividends + buybacks / free cash flow | 20.4% | 132.3% | 86.6% | — | 6.2% | 2.5% | 17.5% | 52.2% | 28.3% | 51.0% |
| Capex / revenue | 0.2% | 0.3% | 0.3% | 0.2% | 0.2% | 0.3% | 0.4% | 0.5% | 0.4% | 0.2% |
| Capex / operating cash flow | 6.9% | 41.3% | 19.9% | — | 13.2% | 8.3% | 19.6% | 41.7% | 32.6% | 33.4% |
| Capex / depreciation | 0.16 | 0.22 | 0.31 | 0.23 | 0.22 | 0.34 | 0.37 | 0.98 | 1.01 | 0.60 |
| Stock-based compensation / revenue | 0.3% | 0.3% | 0.2% | 0.2% | 0.1% | 0.1% | 0.1% | 0.1% | 0.2% | 0.2% |
| SG&A / revenue | 19.4% | 18.1% | 18.1% | 18.6% | 17.4% | 17.4% | 16.5% | 16.0% | 16.2% | 15.9% |
| Efficiency | ||||||||||
| Days sales outstanding | 104.9 | 101.8 | 100.1 | 107.1 | 99.9 | 102.9 | 87.8 | 85.4 | 82.3 | 78.8 |
| Days of inventory on hand | — | — | 27.4 | — | 0.0 | 1.0 | 1.8 | — | 0.0 | — |
| Days payables outstanding | 66.9 | 66.7 | 64.5 | 65.1 | 56.0 | 51.5 | 43.4 | 43.3 | 41.0 | 35.9 |
| Cash conversion cycle (days) | 38.1 | 35.1 | 63.0 | 42.0 | 44.0 | 52.5 | 46.1 | 42.1 | 41.4 | 42.8 |
| Receivables turnover | 3.48 | 3.59 | 3.65 | 3.41 | 3.65 | 3.55 | 4.16 | 4.27 | 4.43 | 4.63 |
| Payables turnover | 5.46 | 5.48 | 5.66 | 5.61 | 6.52 | 7.09 | 8.40 | 8.42 | 8.90 | 10.16 |
| Inventory turnover | — | — | 13.30 | — | 3,990,500,000.00 | 347.96 | 206.94 | — | 8,840,600,000.00 | — |
| Asset turnover | 1.74 | 1.66 | 1.84 | 1.79 | 1.80 | 1.79 | 2.23 | 2.35 | 2.44 | 2.66 |
| Average receivables | $1.22B | $1.21B | $1.33B | $1.46B | $1.34B | $1.27B | $1.29B | $1.29B | $1.21B | $1.14B |
| Average payables | $622.6M | $630.0M | $684.7M | $705.2M | $612.0M | $520.2M | $522.1M | $539.1M | $496.4M | $430.3M |
| Average inventory | — | — | $291.3M | — | $1 | $10.6M | $21.2M | — | $0 | $0 |
| Intangibles / total assets | 19.0% | 22.0% | 11.2% | 12.1% | 8.6% | 2.3% | 7.2% | 5.3% | 5.3% | 4.4% |
Computed from KELYA's annual financial statements (latest annual report filed February 12, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
KELYA valuation and financial ratios
Kelly Services earned a return on equity of −23.0% and a return on invested capital of −4.2% in fiscal 2025. It ended the year with $159.1 million of debt and $33.0 million in cash and short-term investments, net debt of $126.1 million. It returned $23.3 million to shareholders: $11.0 million in dividends and $12.3 million in share buybacks, 20% of free cash flow. The share count fell 8.6% from 38.4M to 35.1M over 9 years.
See the KELYA income statement, the KELYA chart for price history, or the KELYA stock overview for the latest quote and news.
KELYA key metrics FAQ
What is Kelly Services's EV/EBITDA?
Kelly Services's enterprise value was 3.9 times EBITDA at the end of fiscal 2025 (enterprise value $435.0 million, EBITDA $112.6 million); the current EV/EBITDA is 13.9.
What is Kelly Services's return on equity?
Kelly Services's return on equity (ROE) was −23.0% in fiscal 2025: net income of -$254.1 million on average shareholders' equity of $1.1 billion.
What is Kelly Services's ROIC?
Kelly Services's return on invested capital was −4.2% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Kelly Services have?
Kelly Services had total debt of $159.1 million at the end of fiscal 2025, a debt-to-equity ratio of 0.16 and $126.1 million of net debt (1.12 times EBITDA).
What is Kelly Services's dividend yield?
Kelly Services's forward dividend yield is 1.79%. Kelly Services paid $11.0 million in dividends in fiscal 2025 ($0.31 per share), a payout ratio of —.
Does Kelly Services buy back its shares?
Yes. Kelly Services spent $12.3 million on net share repurchases in fiscal 2025 Shares outstanding changed −1.1% over the year, to 35.1M..
What is Kelly Services's free cash flow yield?
Kelly Services generated $114.1 million of free cash flow in fiscal 2025, a free cash flow yield of 36.9% on its market value at year-end ($308.9 million).
What is Kelly Services's current ratio?
Kelly Services's current ratio was 1.54 at the end of fiscal 2025: current assets were 1.54 times current liabilities.