HireQuest, Inc. (HQI) 10-Year Financial Performance & Capital Metrics

HQI • • Industrial / General

IndustrialsStaffing & HRIndustrial & General StaffingIndustrial & Blue-Collar Staffing

AboutHireQuest, Inc. provides temporary staffing solutions in the United States. The company provides temporary staffing services, including skilled and semi-skilled labor and industrial personnel, clerical and administrative personnel, and construction personnel. As of December 31, 2021, the company had a network of approximately 216 franchisee-owned offices in 36 states and the District of Columbia. In addition, the company specializes in commercial drivers. It serves customers primarily in the construction, industrial/manufacturing, warehousing, hospitality, recycling/waste management, disaster recovery, logistics, auctioneering, construction, landscaping, and retail industries. The company was formerly known as Command Center, Inc. and changed its name to HireQuest, Inc. in September 2019.HireQuest, Inc. was founded in 2002 and is headquartered in Goose Creek, South Carolina.Show more

Revenue $35M -8.7%
EBITDA $7M -46.7%
Net Income $4M -40.1%
EPS (Diluted) 0.26 -40.9%
Gross Margin 100%
EBITDA Margin 20.69% -41.7%
Operating Margin 12.63% -55.1%
Net Margin 10.61% -34.5%
ROE 5.76% -43.2%
ROIC 4.5% -58.3%
Debt/Equity 0.11 -54.7%
Interest Coverage 4.73 -38.4%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓FCF machine: 34.6% free cash flow margin
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 16.9%
✓Healthy dividend yield of 2.2%
✓Healthy 5Y average net margin of 31.7%

✗Weaknesses

✗Trading more than 30% below 52-week high

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-9.3%

5Y16.86%

3Y15.37%

TTM-12.65%

Profit (Net Income) CAGR

10Y-8.7%

5Y-

3Y-32.33%

TTM373.94%

EPS CAGR

10Y-16.97%

5Y-

3Y-33.14%

TTM343.62%

ROCE

10Y Avg13.29%

5Y Avg15.51%

3Y Avg16.12%

Latest6.33%

Peer Comparison

Industrial & Blue-Collar Staffing

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
HQIHireQuest, Inc.	154.05M	10.96	42.15	-8.67%	21.92%	10.24%	7.77%	0.11
TBITrueBlue, Inc.	150.3M	5.02	-1.20	-17.78%	-2.21%	-11.09%		0.21

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	88.5M	93.26M	98.07M	97.39M	15.88M	13.81M	22.53M	30.95M	37.88M	34.6M
Revenue Growth %	-0.04%	0.05%	0.05%	-0.01%	-0.84%	-0.13%	0.63%	0.37%	0.22%	-0.09%
Cost of Goods Sold+	64.73M	69.58M	72.64M	72.45M	0	0	0	0	0	0
COGS % of Revenue	0.73%	0.75%	0.74%	0.74%	-	-	-	-	-	-
Gross Profit+	23.77M	23.68M	25.43M	24.94M	15.88M	13.81M	22.53M	30.95M	37.88M	34.6M
Gross Margin %	0.27%	0.25%	0.26%	0.26%	1%	1%	1%	1%	1%	1%
Gross Profit Growth %	-0.07%	-0%	0.07%	-0.02%	-0.36%	-0.13%	0.63%	0.37%	0.22%	-0.09%
Operating Expenses+	20.78M	22.07M	21.73M	23.76M	13.09M	8.83M	14.88M	14.91M	27.24M	30.23M
OpEx % of Revenue	0.23%	0.24%	0.22%	0.24%	0.82%	0.64%	0.66%	0.48%	0.72%	0.87%
Selling, General & Admin	20.6M	21.77M	21.35M	23.43M	7.59M	7.1M	13.33M	12.87M	24.45M	21.41M
SG&A % of Revenue	0.23%	0.23%	0.22%	0.24%	0.48%	0.51%	0.59%	0.42%	0.65%	0.62%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	171.51K	298.3K	386.41K	323.85K	5.5M	1.73M	1.55M	2.04M	2.79M	8.82M
Operating Income+	2.99M	1.61M	3.7M	1.18M	2.78M	4.98M	7.65M	16.04M	10.64M	4.37M
Operating Margin %	0.03%	0.02%	0.04%	0.01%	0.18%	0.36%	0.34%	0.52%	0.28%	0.13%
Operating Income Growth %	-0.54%	-0.46%	1.3%	-0.68%	1.36%	0.79%	0.54%	1.1%	-0.34%	-0.59%
EBITDA+	3.16M	1.9M	4.08M	1.27M	3.18M	5.11M	9.2M	18.08M	13.43M	7.16M
EBITDA Margin %	0.04%	0.02%	0.04%	0.01%	0.2%	0.37%	0.41%	0.58%	0.35%	0.21%
EBITDA Growth %	-0.55%	-0.4%	1.14%	-0.69%	1.5%	0.6%	0.8%	0.96%	-0.26%	-0.47%
D&A (Non-Cash Add-back)	171.51K	298.3K	386.41K	92.61K	400.13K	129.18K	1.55M	2.04M	2.79M	2.79M
EBIT	2.64M	1.1M	3.7M	1.18M	7.89M	6.58M	7.65M	14.24M	9.17M	5.07M
Net Interest Income+	-82.17K	-25.02K	-11.62K	-2.12K	-559.59K	661.98K	256K	-121K	-1.12M	-367K
Interest Income	0	0	0	0	0	711.65K	413K	247K	263K	556K
Interest Expense	176.54K	25.02K	11.62K	2.12K	559.59K	49.66K	157K	368K	1.39M	923K
Other Income/Expense	-82.17K	477.04K	-11.62K	-2.12K	191.49K	1.12M	4.83M	-2.17M	-2.86M	-222K
Pretax Income+	2.81M	1.58M	3.68M	1.18M	2.98M	6.1M	12.48M	13.87M	7.78M	4.15M
Pretax Margin %	0.03%	0.02%	0.04%	0.01%	0.19%	0.44%	0.55%	0.45%	0.21%	0.12%
Income Tax+	1.1M	822.03K	2.01M	205.07K	3.48M	741.04K	635K	1.9M	1.34M	221K
Effective Tax Rate %	0.61%	0.48%	0.46%	0.83%	-0.1%	0.88%	0.95%	0.9%	0.79%	0.89%
Net Income+	1.71M	759.33K	1.68M	974.29K	-289.98K	5.36M	11.85M	12.46M	6.13M	3.67M
Net Margin %	0.02%	0.01%	0.02%	0.01%	-0.02%	0.39%	0.53%	0.4%	0.16%	0.11%
Net Income Growth %	-0.81%	-0.56%	1.21%	-0.42%	-1.3%	19.48%	1.21%	0.05%	-0.51%	-0.4%
Net Income (Continuing)	1.56M	556.55K	1.68M	974.29K	-505.47K	5.36M	11.84M	11.97M	6.43M	3.92M
Discontinued Operations	0	0	0	0	215.49K	0	9K	483K	-300K	-253K
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	0.29	0.11	0.33	0.20	-0.03	0.39	0.87	0.91	0.44	0.26
EPS Growth %	-0.83%	-0.62%	2%	-0.39%	-1.13%	16.6%	1.23%	0.05%	-0.52%	-0.41%
EPS (Basic)	0.29	0.11	0.33	0.20	-0.03	0.40	0.88	0.91	0.45	0.27
Diluted Shares Outstanding	5.36M	5.26M	5.11M	4.86M	11.59M	13.65M	13.61M	13.72M	13.8M	13.92M
Basic Shares Outstanding	5.36M	5.2M	5.04M	4.85M	11.59M	13.54M	13.49M	13.65M	13.73M	13.84M
Dividend Payout Ratio	-	-	0.7%	7.2%	-	0.25%	0.27%	0.27%	0.54%	0.91%

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	18.87M	15.23M	18.18M	17.64M	37.02M	38.97M	42M	51.93M	51.45M	49.24M
Cash & Short-Term Investments	7.63M	3.02M	7.77M	7.93M	4.19M	13.67M	1.26M	3.05M	1.34M	2.22M
Cash Only	7.63M	3.02M	7.77M	7.93M	4.19M	13.67M	1.26M	3.05M	1.34M	2.22M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	8.92M	10.29M	9.39M	9.04M	31.62M	23.52M	39.72M	46.55M	46.18M	43.51M
Days Sales Outstanding	36.78	40.26	34.96	33.89	726.96	621.75	643.52	548.88	444.97	459.06
Inventory	2.03M	1.17M	280.07K	281.62K	0	1.43M	0	915K	0	0
Days Inventory Outstanding	11.46	6.16	1.41	1.42	-	-	-	-	-	-
Other Current Assets	690.67K	740.14K	839.9K	450.35K	390K	-1.09M	659K	918K	3.28M	2.41M
Total Non-Current Assets+	7.25M	9.06M	7.18M	5.79M	9.89M	9.5M	35.35M	51.35M	52.37M	44.77M
Property, Plant & Equipment	408.66K	432.86K	372.14K	329.25K	1.9M	3.19M	4.45M	4.35M	4.28M	4.15M
Fixed Asset Turnover	216.56x	215.45x	263.53x	295.79x	8.35x	4.32x	5.06x	7.11x	8.85x	8.34x
Goodwill	2.5M	0	0	3.78M	0	0	0	5.87M	5.87M	1.63M
Intangible Assets	0	4.31M	4.09M	153.33K	0	342.7K	25.08M	33.83M	31.6M	28.18M
Long-Term Investments	0	0	0	85.5K	0	5.89M	0	2.67M	7.83M	6.66M
Other Non-Current Assets	2.26M	2.01M	2M	368.48K	7.99M	0	5.82M	7.3M	2.79M	1.81M
Total Assets+	26.12M	24.3M	25.36M	23.43M	46.91M	49.1M	77.35M	103.28M	103.83M	94.01M
Asset Turnover	3.39x	3.84x	3.87x	4.16x	0.34x	0.28x	0.29x	0.30x	0.36x	0.37x
Asset Growth %	-0.07%	-0.07%	0.04%	-0.08%	1%	0.05%	0.58%	0.34%	0.01%	-0.09%
Total Current Liabilities+	4.25M	3.83M	4.85M	3.66M	11.01M	9.46M	21.47M	36.78M	35.71M	24.1M
Accounts Payable	1.04M	762.28K	563.4K	618.84K	253.84K	457.49K	1.13M	448K	137K	174K
Days Payables Outstanding	5.87	4	2.83	3.12	-	-	-	-	-	-
Short-Term Debt	479.62K	0	853.56K	398.89K	0	0	381K	13.25M	14.63M	6.92M
Deferred Revenue (Current)	1000K	-388.28K	1000K	1000K	0	0	0	0	0	0
Other Current Liabilities	1.27M	1.5M	1.93M	1.43M	7.15M	5.48M	8.78M	14.13M	16.66M	14.45M
Current Ratio	4.44x	3.98x	3.75x	4.82x	3.36x	4.12x	1.96x	1.41x	1.44x	2.04x
Quick Ratio	3.96x	3.67x	3.69x	4.74x	3.36x	3.97x	1.96x	1.39x	1.44x	2.04x
Cash Conversion Cycle	42.37	42.43	33.54	32.19	-	-	-	-	-	-
Total Non-Current Liabilities+	2.23M	1.6M	917.5K	878.46K	4.62M	3.27M	9.15M	8.25M	5.38M	5.11M
Long-Term Debt	0	0	0	0	0	0	2.86M	3.29M	132K	0
Capital Lease Obligations	0	0	0	0	0	0	0	0	0	0
Deferred Tax Liabilities	0	0	0	0	1.69M	0	473K	60K	0	0
Other Non-Current Liabilities	2.23M	1.6M	917.5K	878.46K	1.52M	3.27M	3.76M	2.57M	5.25M	5.11M
Total Liabilities	6.48M	5.43M	5.77M	4.54M	15.63M	12.73M	30.62M	45.03M	41.09M	29.21M
Total Debt+	479.62K	388.28K	853.56K	398.89K	0	0	3.24M	16.54M	14.77M	6.92M
Net Debt	-7.15M	-2.63M	-6.92M	-7.54M	-4.19M	-13.67M	1.98M	13.49M	13.42M	4.7M
Debt / Equity	0.02x	0.02x	0.04x	0.02x	-	-	0.07x	0.28x	0.24x	0.11x
Debt / EBITDA	0.15x	0.20x	0.21x	0.31x	-	-	0.35x	0.91x	1.10x	0.97x
Net Debt / EBITDA	-2.26x	-1.38x	-1.69x	-5.91x	-1.32x	-2.68x	0.22x	0.75x	1.00x	0.66x
Interest Coverage	16.94x	64.21x	318.14x	558.35x	4.98x	100.26x	48.73x	43.58x	7.68x	4.73x
Total Equity+	19.64M	18.86M	19.6M	18.89M	31.28M	36.36M	46.73M	58.25M	62.73M	64.8M
Equity Growth %	0.05%	-0.04%	0.04%	-0.04%	0.66%	0.16%	0.29%	0.25%	0.08%	0.03%
Book Value per Share	3.67	3.59	3.84	3.89	2.70	2.66	3.43	4.25	4.55	4.66
Total Shareholders' Equity	19.64M	18.86M	19.6M	18.89M	31.28M	36.36M	46.73M	58.25M	62.73M	64.8M
Common Stock	64.31K	60.63K	4.99K	4.68K	13.52K	13.63K	14K	14K	14K	14K
Retained Earnings	-38.18M	-37.57M	-36.62M	-35.65M	3.68M	7.69M	16.39M	25.54M	28.34M	28.65M
Treasury Stock	0	0	0	0	0	-146.47K	-146K	-146K	-146K	-146K
Accumulated OCI	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	3.33M	13.17K	4.75M	2.62M	4.96M	10.88M	17.38M	16.88M	10.62M	12.04M
Operating CF Margin %	0.04%	0%	0.05%	0.03%	0.31%	0.79%	0.77%	0.55%	0.28%	0.35%
Operating CF Growth %	-0.57%	-1%	359.38%	-0.45%	0.89%	1.19%	0.6%	-0.03%	-0.37%	0.13%
Net Income	1.71M	759.33K	1.68M	974.29K	-289.98K	5.36M	11.84M	12.46M	6.43M	3.92M
Depreciation & Amortization	171.51K	298.3K	386.41K	323.85K	400.13K	129.18K	1.55M	2.04M	2.79M	2.79M
Stock-Based Compensation	741.66K	147.17K	156.79K	332.09K	758.05K	1.23M	1.63M	2.37M	1.68M	1.76M
Deferred Taxes	924.06K	746.48K	1.67M	-358.31K	-1.24M	-1.77M	-2.37M	-412K	-349K	-1.75M
Other Non-Cash Items	239.22K	266.44K	209.81K	1.66M	9.6M	2.42M	-4.43M	3.06M	2.9M	6.23M
Working Capital Changes	-455.36K	-2.2M	649.27K	-309.99K	-4.26M	3.51M	9.16M	-2.64M	-2.84M	-917K
Change in Receivables	28.92K	-1.05M	683.27K	281.74K	-7.48M	6.86M	-3.06M	-974K	1.33M	2.27M
Change in Inventory	144.07K	-602.87K	922.57K	-181.37K	1.01M	-4.29M	0	0	0	0
Change in Payables	-242.24K	201.32K	-198.88K	-343.46K	200.41K	203.65K	349K	-2.19M	-311K	28K
Cash from Investing+	-297.12K	-2.08M	-103.67K	-116.9K	9.81M	36.37K	-29.45M	-23.57M	-7.08M	44K
Capital Expenditures	-124.62K	-100.61K	-103.67K	-158.58K	-507.6K	-1.76M	-1.4M	-1.48M	-98K	-68K
CapEx % of Revenue	0%	0%	0%	0%	0.03%	0.13%	0.06%	0.05%	0%	0%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-172.5K	0	2.03M	41.67K	4.94M	1.8M	4.7M	941K	491K	112K
Cash from Financing+	-4.01M	-2.54M	90.06K	-2.28M	-11.87M	-1.44M	-347K	8.49M	-5.24M	-11.21M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	-1.17M	-7.02M	0	-1.36M	-3.14M	-3.31M	-3.34M	-3.36M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	28.24K	0	0	-4.21M	-4.22M	67.4K	-443K	0	-131K	0
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	3.21M	-87.44K	4.64M	2.46M	4.45M	9.12M	15.41M	15.4M	10.52M	11.97M
FCF Margin %	0.04%	-0%	0.05%	0.03%	0.28%	0.66%	0.68%	0.5%	0.28%	0.35%
FCF Growth %	-0.57%	-1.03%	54.11%	-0.47%	0.81%	1.05%	0.69%	-0%	-0.32%	0.14%
FCF per Share	0.60	-0.02	0.91	0.51	0.38	0.67	1.13	1.12	0.76	0.86
FCF Conversion (FCF/Net Income)	1.95x	0.02x	2.83x	2.69x	-17.10x	2.03x	1.47x	1.35x	1.73x	3.28x
Interest Paid	82.17K	25.02K	11.62K	3.5K	559.59K	49.66K	110K	273K	1.35M	957K
Taxes Paid	103.88K	169.68K	522.52K	18.23K	1.82M	2.82M	891K	3.05M	2.82M	1.25M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	8.92%	3.94%	8.73%	5.06%	-1.16%	15.85%	28.52%	23.73%	10.14%	5.76%
Return on Invested Capital (ROIC)	17.55%	8.39%	19.18%	7.37%	10.86%	15%	16.07%	19.97%	10.79%	4.5%
Gross Margin	26.85%	25.39%	25.93%	25.61%	100%	100%	100%	100%	100%	100%
Net Margin	1.94%	0.81%	1.71%	1%	-1.83%	38.81%	52.6%	40.25%	16.2%	10.61%
Debt / Equity	0.02x	0.02x	0.04x	0.02x	-	-	0.07x	0.28x	0.24x	0.11x
Interest Coverage	16.94x	64.21x	318.14x	558.35x	4.98x	100.26x	48.73x	43.58x	7.68x	4.73x
FCF Conversion	1.95x	0.02x	2.83x	2.69x	-17.10x	2.03x	1.47x	1.35x	1.73x	3.28x
Revenue Growth	-3.64%	5.38%	5.16%	-0.7%	-83.7%	-13.02%	63.15%	37.39%	22.39%	-8.67%

Revenue by Segment

	2019	2020	2021	2022	2023	2024
Royalty	-	-	21.32M	464K	35.81M	32.67M
Royalty Growth	-	-	-	-97.82%	7618.32%	-8.77%
Service	-	-	1.21M	-	2.07M	1.93M
Service Growth	-	-	-	-	-	-6.96%
Staffing, Owned Locations	-	-	230.67K	-	-	-
Staffing, Owned Locations Growth	-	-	-	-	-	-
Franchise Royalties	14.67M	12.79M	-	-	-	-
Franchise Royalties Growth	-	-12.82%	-	-	-	-
Service Revenue	1.2M	1.02M	-	-	-	-
Service Revenue Growth	-	-15.50%	-	-	-	-

Frequently Asked Questions

Valuation & Price

HireQuest, Inc. (HQI) has a price-to-earnings (P/E) ratio of 42.2x. This suggests investors expect higher future growth.

Growth & Financials

HireQuest, Inc. (HQI) reported $31.7M in revenue for fiscal year 2024. This represents a 61% decrease from $81.9M in 2011.

HireQuest, Inc. (HQI) saw revenue decline by 8.7% over the past year.

Yes, HireQuest, Inc. (HQI) is profitable, generating $6.9M in net income for fiscal year 2024 (10.6% net margin).

Dividend & Returns

Yes, HireQuest, Inc. (HQI) pays a dividend with a yield of 2.20%. This makes it attractive for income-focused investors.

HireQuest, Inc. (HQI) has a return on equity (ROE) of 5.8%. This is below average, suggesting room for improvement.

HireQuest, Inc. (HQI) generated $12.9M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

US Stock Screener

...