Trueblue (TBI) AI Stock Analysis

• Market Cap: $165.95M
• Dividend Yield: N/A
• Average Volume (3M): 184.90K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.25
• Revenue Growth: -13.01%
• EPS Growth: 68.18%
• Country: US
• Employees: 4,200
• Sector: Industrials
• Sector Strength: 72
• Industry: Staffing & Employment Services
• EPS (TTM): -0.07
• Shares Outstanding: 29,900,867
• 10 Day Avg. Volume: 225,509
• 30 Day Avg. Volume: 184,896
• PEG Ratio: >-0.01
• Price to Book (P/B): 0.77
• Price to Sales (P/S): 0.15
• P/FCF Ratio: -5.86
• Enterprise Value/Market Cap: 1.73
• Enterprise Value/Revenue: 0.19
• Enterprise Value/Gross Profit: 0.76
• Enterprise Value/Ebitda: -22.50
• 1Y Price Target: $6.75
• Price Target Upside: 21.62% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 43 Neutral
• Price Target: $5.50 ▼(-0.90% Downside)

Trueblue's overall stock score is primarily impacted by its weak financial performance and bearish technical indicators. The negative valuation further contributes to the low score. While strategic initiatives from the earnings call offer some hope, they are not enough to offset current challenges.

Positive Factors

Strategic Acquisitions

The acquisition of HSP expands TrueBlue's market presence in high-growth sectors like health care, potentially doubling its addressable market and driving long-term growth.

Cost Reduction

Significant cost reductions enhance operational efficiency and profitability, providing a buffer against industry downturns and supporting long-term financial stability.

Digital Transformation

AI integration improves operational efficiency and client satisfaction, potentially leading to higher fill rates and competitive advantage in the staffing industry.

Negative Factors

Flat Revenue Growth

Flat revenue growth indicates challenges in expanding market share and demand, potentially limiting future profitability and growth opportunities.

Gross Margin Decline

Declining gross margins suggest cost pressures and inefficiencies, which could hinder profitability and require strategic adjustments to improve financial performance.

Net Loss

Reporting a net loss highlights financial instability and the need for improved cost management and revenue generation to ensure long-term viability.

Trueblue Business Overview & Revenue Model

Company Description

TrueBlue, Inc., together with its subsidiaries, provides specialized workforce solutions in the United States, Canada, and Puerto Rico. It operates through three segments: PeopleReady, PeopleManagement, and PeopleScout. The PeopleReady segment offers contingent staffing solutions for blue-collar, on-demand, and skilled labor in construction, manufacturing and logistics, warehousing and distribution, waste and recycling, energy, retail, hospitality, and general labor industries. The PeopleManagement segment provides contingent labor and outsourced industrial workforce solutions. This segment also offers on-site management and recruitment for the contingent industrial workforce of manufacturing, warehouse, and distribution facilities; and recruitment and management of contingent and dedicated commercial drivers to the transportation and distribution industries under the Staff Management, SIMOS Insourcing Solutions, and Centerline Drivers brands. The PeopleScout segment offers permanent employee recruitment process outsourcing services; and manages clients' contingent labor programs comprising vendor selection, performance management, compliance monitoring, and risk management. The company was formerly known as Labor Ready, Inc. and changed its name to TrueBlue, Inc. in December 2007. TrueBlue, Inc. was incorporated in 1985 and is headquartered in Tacoma, Washington.

How the Company Makes Money

Trueblue generates revenue primarily through its staffing and recruitment services. The company earns money by charging clients a fee for each worker placed, which can be based on a percentage of the employee's wage or a flat fee arrangement. Key revenue streams include temporary staffing services, where they provide workers on a short-term basis, and permanent placement services, where they connect businesses with candidates for long-term employment. Additionally, Trueblue has established significant partnerships with various organizations and companies, which help to secure large contracts and consistent revenue. The company's ability to adapt its offerings to meet the specific needs of different industries also contributes to its earnings.

Trueblue Financial Statement Overview

Summary

Trueblue's financial performance is challenged by declining revenue, negative profit margins, and cash flow issues. The balance sheet shows manageable leverage but negative ROE, indicating poor shareholder returns. Overall, financial health requires strategic improvements.

Income Statement

Trueblue's income statement shows a challenging financial position with declining revenue and profitability. The TTM data reveals a slight revenue growth of 0.4%, but the company is struggling with negative net profit and EBIT margins, indicating operational inefficiencies. The gross profit margin has decreased slightly from previous years, reflecting pressure on cost management. Overall, the income statement suggests a need for strategic improvements to enhance profitability.

Balance Sheet

The balance sheet presents a moderate financial position with a manageable debt-to-equity ratio of 0.36 in the TTM period, indicating a relatively low level of leverage. However, the return on equity is negative, reflecting the company's inability to generate positive returns for shareholders. The equity ratio remains stable, suggesting a balanced asset structure. While the debt levels are under control, the negative ROE highlights the need for improved profitability.

Cash Flow

Cash flow analysis indicates significant challenges, with negative operating and free cash flows in the TTM period. The free cash flow growth rate is positive, but the operating cash flow to net income ratio is negative, highlighting cash flow management issues. The free cash flow to net income ratio is above 1, suggesting that despite losses, the company is generating some free cash flow relative to net income. Overall, cash flow management needs improvement to support financial stability.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2019	Dec 2018	Dec 2017
Income Statement
Total Revenue	1.53B	1.57B	1.91B	2.37B	2.50B	2.51B
Gross Profit	375.52M	406.39M	506.06M	626.16M	665.60M	634.47M
EBITDA	-12.76M	-3.54M	11.46M	103.73M	114.97M	123.68M
Net Income	-33.85M	-125.75M	-14.17M	63.07M	65.75M	55.46M
Balance Sheet
Total Assets	672.78M	675.38M	899.38M	1.14B	1.11B	1.11B
Cash, Cash Equivalents and Short-Term Investments	21.90M	22.54M	61.88M	37.61M	46.99M	28.78M
Total Debt	110.10M	66.53M	61.34M	65.95M	80.00M	116.49M
Total Liabilities	367.59M	360.02M	441.51M	510.18M	523.40M	554.18M
Stockholders Equity	305.19M	315.36M	457.87M	625.97M	591.44M	554.85M
Cash Flow
Free Cash Flow	-54.71M	-41.21M	3.48M	66.42M	108.64M	77.89M
Operating Cash Flow	-34.91M	-17.06M	34.75M	94.54M	125.69M	99.85M
Investing Cash Flow	-16.93M	-2.45M	-32.32M	-25.08M	-20.52M	-30.90M
Financing Cash Flow	48.55M	-17.09M	-37.58M	-82.92M	-75.02M	-75.33M

Trueblue Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 5.55
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TBI, the sentiment is Negative. The current price of 5.55 is below the 20-day moving average (MA) of 6.09, below the 50-day MA of 6.00, and below the 200-day MA of 6.21, indicating a bearish trend. The MACD of -0.12 indicates Positive momentum. The RSI at 40.02 is Neutral, neither overbought nor oversold. The STOCH value of 14.96 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TBI.

Trueblue Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
HQI	61 Neutral	$117.31M	48.23	4.06%	2.88%	-9.76%	-53.41%
MHH	53 Neutral	$83.55M	102.31	1.01%	―	5.16%	―
DHX	49 Neutral	$103.22M	268.89	-8.83%	―	-8.31%	-445.30%
BGSF	49 Neutral	$40.89M	―	-9.13%	53.62%	-24.36%	-393.95%
KELYA	48 Neutral	$438.66M	11.43	-0.49%	2.41%	0.97%	-112.75%
TBI	43 Neutral	$165.95M	―	-10.53%	―	-13.01%	68.18%

Trueblue Corporate Events

TrueBlue Reports Improved Q2 2025 Financial Results

TrueBlue reported its second quarter 2025 financial results, showing a revenue of $396 million, which remained flat compared to the previous year. The company achieved a net loss of $0 million, a significant improvement from the $105 million net loss in the prior year, attributed to non-cash impairment and tax valuation charges. TrueBlue’s strategic focus on skilled trades, healthcare, and energy markets, along with investments in proprietary technologies, is expected to drive future growth and enhance operational efficiency. The company is optimistic about returning to growth in the third quarter, with a focus on retaining and expanding client relationships and delivering high-quality solutions.

The most recent analyst rating on (TBI) stock is a Buy with a $10.00 price target. To see the full list of analyst forecasts on Trueblue stock, see the TBI Stock Forecast page.