TrueBlue, Inc. (TBI) Financial Ratios
30 years of historical data (1996–2025) · Industrials · Staffing & Employment Services
EV/EBITDA
↑
159.60
↑+60% vs avg
5yr avg: 99.56
30Y Low5.0·High39.7
P/FCF
↑
N/A
—
5yr avg: 72.71
30Y Low4.1·High138.1
P/B Ratio
↓
0.66
↓-42% vs avg
5yr avg: 1.12
30Y Low0.5·High10.7
ROE
↓
-16.3%
↑-214% vs avg
5yr avg: -5.2%
30Y Low-33%·High29%
Debt/EBITDA
↑
83.10
↑+188% vs avg
5yr avg: 28.87
30Y Low0.0·High31.1
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
TBI Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
TrueBlue, Inc. currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $182M | $139M | $237M | $480M | $655M | $980M | $661M | $943M | $896M | $1.1B | $1.0B |
| Enterprise Value | $328M | $285M | $281M | $480M | $645M | $998M | $667M | $985M | $929M | $1.2B | $1.1B |
| P/E Ratio → | -3.75 | — | — | — | 10.53 | 15.90 | — | 14.94 | 13.65 | 20.52 | — |
| P/S Ratio | 0.11 | 0.09 | 0.15 | 0.25 | 0.29 | 0.45 | 0.36 | 0.40 | 0.36 | 0.45 | 0.37 |
| P/B Ratio | 0.66 | 0.51 | 0.75 | 1.05 | 1.32 | 1.99 | 1.51 | 1.51 | 1.52 | 2.05 | 1.95 |
| P/FCF | — | — | — | 138.13 | 7.29 | — | 5.27 | 14.19 | 8.25 | 14.63 | 4.41 |
| P/OCF | — | — | — | 13.82 | 5.43 | 47.97 | 4.33 | 9.97 | 7.13 | 11.41 | 3.92 |
P/E links to full P/E history page with 30-year chart
TBI EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
TrueBlue, Inc.'s enterprise value stands at 159.6x EBITDA, 60% above its 5-year average of 99.6x. The Industrials sector median is 13.7x, placing the stock at a 1069% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.18 | 0.18 | 0.25 | 0.29 | 0.46 | 0.36 | 0.42 | 0.37 | 0.49 | 0.41 |
| EV / EBITDA | 159.60 | 138.77 | — | 243.46 | 5.64 | 10.39 | — | 9.50 | 8.08 | 9.92 | 37.95 |
| EV / EBIT | — | — | — | — | 8.79 | 14.58 | 2173.29 | 14.89 | 12.57 | 15.82 | — |
| EV / FCF | — | — | — | 137.97 | 7.18 | — | 5.32 | 14.83 | 8.55 | 15.76 | 4.84 |
TBI Profitability
Margins and return-on-capital ratios measuring operating efficiency
TrueBlue, Inc. earns an operating margin of -1.7%, below the Industrials sector average of 4.7%. A negative ROE of -16.3% indicates the company is currently destroying shareholder equity.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 21.2% | 21.2% | 25.9% | 26.5% | 26.7% | 25.8% | 23.9% | 26.2% | 26.6% | 25.3% | 24.7% |
| Operating Margin | -1.7% | -1.7% | -5.9% | -1.3% | 3.2% | 3.1% | -9.5% | 2.8% | 3.0% | 3.1% | -0.6% |
| Net Profit Margin | -3.0% | -3.0% | -8.0% | -0.7% | 2.8% | 2.8% | -7.7% | 2.7% | 2.6% | 2.2% | -0.6% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -16.3% | -16.3% | -32.5% | -3.0% | 12.6% | 13.3% | -26.7% | 10.4% | 11.5% | 10.3% | -2.8% |
| ROA | -7.3% | -7.3% | -16.0% | -1.5% | 6.1% | 6.1% | -13.4% | 5.6% | 5.9% | 5.0% | -1.3% |
| ROIC | -5.2% | -5.2% | -17.0% | -3.8% | 10.9% | 10.8% | -23.6% | 7.7% | 8.8% | 9.2% | -1.8% |
| ROCE | -5.3% | -5.3% | -15.3% | -3.2% | 9.3% | 9.2% | -21.6% | 7.4% | 8.3% | 8.7% | -1.8% |
TBI Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
TrueBlue, Inc. carries a Debt/EBITDA ratio of 83.1x, which is highly leveraged (2580% above the sector average of 3.1x). Net debt stands at $146M ($171M total debt minus $25M cash).
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.62 | 0.62 | 0.21 | 0.13 | 0.13 | 0.14 | 0.16 | 0.13 | 0.14 | 0.21 | 0.26 |
| Debt / EBITDA | 83.10 | 83.10 | — | 31.12 | 0.55 | 0.70 | — | 0.77 | 0.70 | 0.94 | 4.56 |
| Net Debt / Equity | — | 0.53 | 0.14 | -0.00 | -0.02 | 0.03 | 0.01 | 0.07 | 0.06 | 0.16 | 0.19 |
| Net Debt / EBITDA | 71.16 | 71.16 | — | -0.28 | -0.08 | 0.18 | — | 0.41 | 0.29 | 0.71 | 3.38 |
| Debt / FCF | — | — | — | -0.16 | -0.11 | — | 0.05 | 0.64 | 0.30 | 1.13 | 0.43 |
| Interest Coverage | — | — | — | — | — | — | — | 23.78 | 15.14 | 14.12 | -1.84 |
TBI Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
TrueBlue, Inc.'s current ratio of 2.15x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The current ratio has improved from 1.74x to 2.15x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.15 | 2.15 | 1.73 | 1.74 | 1.77 | 1.72 | 1.41 | 1.83 | 1.91 | 2.02 | 1.70 |
| Quick Ratio | 2.15 | 2.15 | 1.73 | 1.74 | 1.77 | 1.72 | 1.41 | 1.83 | 1.91 | 2.02 | 1.70 |
| Cash Ratio | 0.18 | 0.18 | 0.14 | 0.30 | 0.30 | 0.19 | 0.23 | 0.16 | 0.21 | 0.14 | 0.14 |
| Asset Turnover | — | 2.53 | 2.32 | 2.12 | 2.21 | 2.10 | 1.88 | 2.08 | 2.24 | 2.26 | 2.43 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 54.49 | 51.88 | 50.59 | 52.73 | 61.05 | 57.38 | 54.46 | 51.90 | 54.45 | 46.79 |
TBI Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
TrueBlue, Inc. returns 0.6% to shareholders annually primarily through share buybacks.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | 9.5% | 6.3% | — | 6.7% | 7.3% | 4.9% | — |
| FCF Yield | — | — | — | 0.7% | 13.7% | — | 19.0% | 7.0% | 12.1% | 6.8% | 22.7% |
| Buyback Yield | 0.6% | 0.8% | 9.9% | 8.0% | 10.0% | 2.0% | 8.3% | 4.4% | 4.3% | 3.5% | 0.8% |
| Total Shareholder Yield | 0.6% | 0.8% | 9.9% | 8.0% | 10.0% | 2.0% | 8.3% | 4.4% | 4.3% | 3.5% | 0.8% |
| Shares Outstanding | — | $30M | $30M | $31M | $33M | $35M | $35M | $39M | $40M | $41M | $42M |
Peer Comparison
Compare TBI with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 TBIYou | $182M | -3.8 | 159.6 | — | 21.2% | -1.7% | -16.3% | -5.2% | 83.1 |
 MAN | $1B | -102.2 | 8.9 | — | 16.7% | 1.3% | -0.6% | 5.6% | 7.4 |
 KFY | $3B | 14.6 | 7.1 | 11.4 | 26.0% | 12.5% | 13.6% | 18.5% | 1.3 |
 KELYA | $346M | -1.4 | — | 3.0 | 20.1% | -1.6% | -23.0% | -4.0% | — |
 HSII | $1B | 143.9 | 30.8 | 9.9 | 25.2% | 0.7% | 1.9% | 6.0% | 3.8 |
 ASGN | $895M | 8.1 | 5.3 | 3.1 | 27.2% | 6.5% | 6.3% | 6.9% | 3.2 |
 KFRC | $802M | 22.4 | 15.6 | 17.1 | 26.8% | 3.8% | 24.9% | 19.1% | 1.3 |
 HCI | $2B | 6.2 | — | 4.5 | — | — | 42.3% | — | — |
 CCRN | $344M | -3.6 | 17.9 | 7.1 | 18.7% | -0.3% | -25.6% | -0.9% | 0.2 |
 NSP | $1B | -158.8 | 25.3 | — | 13.2% | -0.1% | -9.8% | — | 12.4 |
 ADP | $85B | 21.1 | 15.3 | 17.8 | 50.8% | 26.3% | 76.0% | 47.1% | 1.5 |
| Industrials Median | — | 25.7 | 13.7 | 21.2 | 33.0% | 4.7% | 8.2% | 6.3% | 3.1 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Start ComparisonTBI — Frequently Asked Questions
Quick answers to the most common questions about buying TBI stock.
What is TrueBlue, Inc.'s P/E ratio?
TrueBlue, Inc.'s current P/E ratio is -3.8x. The historical average is 27.9x.
What is TrueBlue, Inc.'s EV/EBITDA?
TrueBlue, Inc.'s current EV/EBITDA is 159.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 13.1x.
What is TrueBlue, Inc.'s ROE?
TrueBlue, Inc.'s return on equity (ROE) is -16.3%. The historical average is 8.0%.
Is TBI stock overvalued?
Based on historical data, TrueBlue, Inc. is trading at a P/E of -3.8x. Compare with industry peers and growth rates for a complete picture.
What are TrueBlue, Inc.'s profit margins?
TrueBlue, Inc. has 21.2% gross margin and -1.7% operating margin.
How much debt does TrueBlue, Inc. have?
TrueBlue, Inc.'s Debt/EBITDA ratio is 83.1x, indicating high leverage. A ratio above 4x may signal elevated financial risk.