Want to see RHI full AI Analyst Report?
Top Page
Robert Half
(NYSE:RHI)
Select Model
Select Model
Rating:61Neutral
Price Target:
$48.00
▲(6.74% Upside)
Action:Reiterated
Date:10/24/26
RHI scores as moderately attractive. The biggest drag is weakened financial performance (significant revenue and margin compression), partially offset by a strong balance sheet and continued positive free cash flow. Technicals are supportive with the stock trading above key moving averages, though momentum looks extended. Valuation is held back by a high P/E despite an attractive dividend yield. The earnings call adds support via improving trends and upbeat Q4 guidance, tempered by seasonality and still-selective demand.
Positive Factors
Balance Sheet Strength
Modest leverage and stable equity give Robert Half financial flexibility through a softer staffing cycle. A stronger balance sheet can support continued investment in technology and consulting capabilities while reducing the need to rely on external financing during demand fluctuations.
Negative Factors
Revenue and Margin Compression
The substantial decline in revenue and operating profitability shows that Robert Half’s earnings base remains materially below earlier levels. Thin current margins leave limited room for further demand or pricing pressure and make sustained recovery dependent on improving volume, mix, and cost absorption.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance Sheet Strength
Modest leverage and stable equity give Robert Half financial flexibility through a softer staffing cycle. A stronger balance sheet can support continued investment in technology and consulting capabilities while reducing the need to rely on external financing during demand fluctuations.
Read all positive factors
Robert Half Key Performance Indicators (KPIs)
Any
Gross Profit by Segment
Reveals the profitability of different business segments, highlighting which areas contribute most to the company's earnings and where there might be opportunities or challenges.
Reveals the profitability of different business segments, highlighting which areas contribute most to the company's earnings and where there might be opportunities or challenges.
Data provided by:
The Fly
The FlyRobert Half (RHI) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$4.29B
Dividend Yield5.64%
Average Volume (3M)2.05M
Price to Earnings (P/E)34.3
Beta (1Y)0.97
Revenue Growth-2.94%
EPS Growth-21.03%
CountryUS
Employees14,500
SectorIndustrials
Sector Strength72
IndustryStaffing & Employment Services
Share Statistics
EPS (TTM)1.22
Shares Outstanding102,361,830
10 Day Avg. Volume2,642,127
30 Day Avg. Volume2,047,767
Financial Highlights & Ratios
PEG Ratio-0.45
Price to Book (P/B)2.13
Price to Sales (P/S)0.51
P/FCF Ratio10.19
Enterprise Value/Market Cap0.70
Enterprise Value/Revenue0.57
Enterprise Value/Gross Profit1.52
Enterprise Value/Ebitda20.37
Forecast
1Y Price Target
$40.17Price Target Upside-10.68% Downside
Rating ConsensusHold
Number of Analyst Covering6
EPS Forecast (FY)1.26
Revenue Forecast (FY)$5.31B
Robert Half Business Overview & Revenue Model
Company Description
Robert Half Inc. provides talent solutions and business consulting services in the United States and internationally. The company operates through three segments: Contract Talent Solutions, Permanent Placement Talent Solutions, and Protiviti. The ...
How the Company Makes Money
Robert Half primarily makes money through (1) staffing and talent placement fees and (2) consulting/managed-services fees through Protiviti.
1) Contract/temporary staffing (largest recurring mechanism for staffing firms): For professionals placed...
Robert Half Earnings Call Summary
Earnings Call Date:Oct 22, 2026
(Q3-2026)
| % Change Since: |
Next Earnings Date:Jan 28, 2027
Earnings Call Sentiment Positive
The call was broadly constructive. Talent Solutions returned to growth, EPS increased 14%, margins improved, hiring activity continued to recover, and Protiviti reported strong technology and AML demand with expectations to return to revenue growth in the fourth quarter. However, Protiviti and non-U.S. Talent Solutions revenue declined in the third quarter, contract volumes remain below the prior year, demand is still selective, and first-quarter seasonality and tax-rate volatility are expected to create pressure. The positive operating trends, guidance, and strategic demand drivers outweighed the stated challenges.Positive Updates
Improved Earnings and Guidance Execution
Third-quarter global enterprise revenues were $1.359 billion, roughly flat with last year on an adjusted basis, while global enterprise earnings exceeded the midpoint of third-quarter guidance. Net income per share was $0.49, up 14% from $0.43 a year ago, marking the first year-over-year increase in quarterly EPS since 2022.
Negative Updates
Protiviti Revenue Decline
Adjusted global Protiviti revenue declined 3% year over year in the third quarter. U.S. Protiviti revenue declined 5%, partially offset by 2% growth in non-U.S. Protiviti revenue.
Read all updates
Q3-2026 Updates
Positive
Negative
Improved Earnings and Guidance Execution
Third-quarter global enterprise revenues were $1.359 billion, roughly flat with last year on an adjusted basis, while global enterprise earnings exceeded the midpoint of third-quarter guidance. Net income per share was $0.49, up 14% from $0.43 a year ago, marking the first year-over-year increase in quarterly EPS since 2022.
Read all positive updates
Company Guidance
For the fourth quarter, revenue guidance is $1.285 billion to $1.39 billion and income per share guidance is $0.36 to $0.46; midpoint revenue is $1.335 billion, or 3% higher than the same period in 2025 on an adjusted basis, and midpoint earnings per share is $0.41, 30% higher than last year. Midpoint revenue guidance reflects year over year revenue growth of 3% for Talent Solutions and 2% for Protiviti, with adjusted revenue growth year over year for Talent Solutions up 1-5%, Protiviti flat to up 4%, and overall up 1-5%; adjusted gross margin assumptions are 38-40% for contract talent, 22-25% for Protiviti, and 37-40% overall; adjusted SG&A is 43-45% for Talent Solutions, 16-18% for Protiviti, and 33-35% overall; adjusted operating income is 2-4% for Talent Solutions, 6-8% for Protiviti, and 3-5% overall; tax rate is 31-33%; shares outstanding are 100.5 to 101.5 million shares; and 2026 capital expenditures and cloud computing costs are $60 million to $70 million, with $15 million to $20 million in the fourth quarter. For the first quarter of 27, Protiviti Q1 segment margins seasonally decline by mid-single-digit percentage points sequentially, first quarter consolidated operating margins have historically been 1 to 2 percentage points lower sequentially than the fourth quarter, and the Q1 tax rate is expected to be between 36-40%; Protiviti is expected to return to year over year revenue growth in the fourth quarter, while long term growth is typically mid-single-digits for Talent Solutions and “even higher kind of maybe from mid-singles to low-doubles” for Protiviti.Robert Half Financial Statement Overview
Summary
Income Statement
44
Neutral
Balance Sheet
72
Positive
Cash Flow
53
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 5.30B | 5.38B | 5.80B | 6.39B | 7.24B | 6.46B |
| Gross Profit | 1.98B | 2.00B | 2.25B | 2.58B | 3.09B | 2.70B |
| EBITDA | 147.07M | 275.98M | 446.99M | 675.55M | 1.05B | 796.96M |
| Net Income | 121.73M | 132.99M | 251.60M | 411.15M | 657.92M | 598.63M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 2.86B | 2.85B | 3.01B | 2.96B | 2.95B |
| Cash, Cash Equivalents and Short-Term Investments | 324.71M | 464.44M | 537.58M | 731.74M | 658.63M | 619.00M |
| Total Debt | 0.00 | 421.28M | 402.42M | 403.34M | 389.62M | 446.37M |
| Total Liabilities | -1.21B | 1.58B | 1.48B | 1.42B | 1.40B | 1.57B |
| Stockholders Equity | 1.21B | 1.28B | 1.38B | 1.59B | 1.57B | 1.38B |
Cash Flow | ||||||
| Free Cash Flow | 151.49M | 266.81M | 354.15M | 591.01M | 622.63M | 566.52M |
| Operating Cash Flow | 178.89M | 319.96M | 410.47M | 636.88M | 683.75M | 603.14M |
| Investing Cash Flow | -28.23M | -85.70M | -87.12M | -112.25M | -116.62M | -87.61M |
| Financing Cash Flow | -186.27M | -330.31M | -496.44M | -460.54M | -509.18M | -458.59M |
Robert Half Technical Analysis
Positive
44.97
Price Trends
38.76
Positive
37.32
Positive
31.40
Positive
Market Momentum
1.19
Negative
61.45
Neutral
71.73
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For RHI, the sentiment is Positive. The current price of 44.97 is above the 20-day moving average (MA) of 36.48, above the 50-day MA of 38.76, and above the 200-day MA of 31.40, indicating a bullish trend. The MACD of 1.19 indicates Negative momentum. The RSI at 61.45 is Neutral, neither overbought nor oversold. The STOCH value of 71.73 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for RHI.
Robert Half Risk Analysis
Robert Half disclosed 29 risk factors in its most recent earnings report. Robert Half reported the most risks in the "Legal & Regulatory" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Robert Half Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | $4.10B | 13.87 | 14.14% | 3.47% | 6.94% | 12.91% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | $1.02B | 23.88 | 32.57% | 2.79% | 2.14% | ― | |
61 Neutral | $4.29B | 34.32 | 9.74% | 5.64% | -2.94% | -21.03% | |
54 Neutral | $608.46M | -2.11 | -27.06% | 1.82% | -9.63% | -4468.44% | |
54 Neutral | $2.13B | 17.73 | 5.75% | 3.15% | 7.25% | ― | |
51 Neutral | $45.39M | -5.52 | -19.17% | 43.01% | -58.57% | 11.65% |
* Industrials Sector Average
RHI
Robert Half
42.80
18.34
74.97%
KELYA
Kelly Services
16.26
5.15
46.37%
KFRC
Kforce
57.87
33.84
140.82%
KFY
Korn Ferry
75.92
12.51
19.72%
MAN
ManpowerGroup
45.49
16.77
58.41%
BGSF
BGSF
4.29
0.91
26.92%
Robert Half Corporate Events
Business Operations and StrategyExecutive/Board Changes
Robert Half Announces Leadership Transition at Protiviti Unit
Positive
Aug 3, 2026
On August 3, 2026, Robert Half announced a planned leadership transition at its global consulting subsidiary Protiviti, under which long-serving president and CEO Joe Tarantino will step down from that role on December 31, 2026 and become senior m...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.