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Financials · TBI

TrueBlue Inc. (TBI) financials

For the twelve months ended Sep 27, 2026, TrueBlue Inc. reported $1.78B of revenue and -$45.45M of net income.

Revenue, TTM
$1.78B
Revenue growth, YoY
+12.4%
Net income, TTM
-$45.45M
Net margin
-2.6%
Free cash flow, TTM
-$72.31M
EPS, diluted, TTM
-$1.55
Cash
$19.77M
Total debt
$102.30M
P/S
0.21
Market cap
$370.4M
Annual revenue$1.62B
FY2016FY2025
Annual net income-$47.96M
FY2016FY2025
Annual free cash flow-$73.72M
FY2016FY2025

TBI revenue and earnings growth

TBI revenueQ3 2026$520.74M

Quarter YoY
+20.7%
QoQ
+17.5%
FY YoY
+3.1%
5Y CAGR
-2.6%
10Y CAGR
+16.4%

TBI revenue was $520.74M in fiscal Q3 2026 (ended Sep 27, 2026), up 20.7% from a year earlier and up 17.5% from the prior quarter. For the full fiscal 2025 it was $1.62B, up 3.1% from fiscal 2024. Compound annual growth was -2.6% over 5 years and +16.4% over 10 years. It rose in 4 of the last 10 fiscal years.

TBI net incomeQ3 2026$9.24M

TBI net income was $9.24M in fiscal Q3 2026 (ended Sep 27, 2026), compared with -$1.92M a year earlier. For the full fiscal 2025 it was -$47.96M, compared with -$125.75M in fiscal 2024.

TBI EPSQ3 2026$0.28

TBI diluted EPS was $0.28 in fiscal Q3 2026 (ended Sep 27, 2026), compared with -$0.06 a year earlier. For the full fiscal 2025 it was -$1.61, compared with -$4.17 in fiscal 2024.

TBI free cash flowQ3 2026-$28.25M

TBI free cash flow was -$28.25M in fiscal Q3 2026 (ended Sep 27, 2026), compared with -$23.38M a year earlier. For the full fiscal 2025 it was -$73.72M, compared with -$41.21M in fiscal 2024.

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Income statement

Income statement
Line item
FY2025
Dec 28, 2025
FY2024
Dec 29, 2024
FY2023
Dec 31, 2023
FY2022
Dec 25, 2022
FY2021
Dec 26, 2021
FY2020
Dec 27, 2020
FY2019
Dec 29, 2019
FY2018
Dec 30, 2018
FY2017
Dec 31, 2017
FY2016
Jan 1, 2017
Revenue$1.62B$1.57B$1.91B$2.25B$2.17B$1.85B$2.37B$2.50B$2.51B$2.75B
Cost of revenue$1.25B$1.16B$1.40B$1.65B$1.61B$1.41B$1.75B$1.84B$1.87B$2.07B
Gross profit$367.84M$406.39M$506.06M$602.14M$560.32M$440.64M$619.95M$655.45M$634.47M$679.72M
Selling, general and admin$371.09M$410.87M$494.60M$500.69M$464.32M$408.31M$516.22M$540.48M$510.79M$546.48M
Operating income-$46.63M-$92.78M-$23.85M$72.19M$68.44M-$174.88M$66.18M$73.92M$77.56M-$17.00M
Interest expense------$2.78M$4.88M$5.49M$7.17M
Pre-tax income-$45.63M-$88.52M-$20.64M$73.42M$73.85M-$173.26M$70.04M$75.66M$77.55M-$20.34M
Income tax$2.33M$37.22M-$6.47M$11.14M$12.22M-$31.42M$6.97M$9.91M$22.09M-$5.09M
Net income-$47.96M-$125.75M-$14.17M$62.27M$61.63M-$141.84M$63.07M$65.75M$55.46M-$15.25M
EPS, basic-$1.61-$4.17-$0.45$1.89$1.77-$4.01$1.63$1.64$1.35-$0.37
EPS, diluted-$1.61-$4.17-$0.45$1.86$1.74-$4.01$1.61$1.63$1.34-$0.37
Diluted shares29.8M30.2M31.3M33.4M35.4M35.4M39.2M40.3M41.4M41.6M

Balance sheet

Balance sheet
Line item
FY2025
Dec 28, 2025
FY2024
Dec 29, 2024
FY2023
Dec 31, 2023
FY2022
Dec 25, 2022
FY2021
Dec 26, 2021
FY2020
Dec 27, 2020
FY2019
Dec 29, 2019
FY2018
Dec 30, 2018
FY2017
Dec 31, 2017
FY2016
Jan 1, 2017
Cash and equivalents$24.51M$61.10M$99.31M$135.63M$103.19M$118.61M$92.37M$102.45M$73.83M$103.22M
Receivables$241.23M$214.70M$252.54M$314.27M$353.88M$278.34M$342.30M$355.37M$374.27M$352.61M
Current assets$297.61M$277.09M$354.99M$430.21M$445.07M$378.88M$421.73M$429.83M$428.28M$427.80M
Goodwill$42.50M$24.54M$84.11M$93.78M$94.54M$94.87M$237.50M$237.29M$226.69M$224.22M
Total assets$638.67M$675.38M$899.38M$1.02B$1.03B$980.58M$1.14B$1.11B$1.11B$1.13B
Current liabilities$138.53M$160.13M$204.10M$242.88M$258.55M$268.97M$230.81M$225.53M$212.42M$251.13M
Short-term debt------$0--$2.27M
Long-term debt$65.80M$7.60M$0-$0$0$37.10M$80.00M$116.49M$135.36M
Total debt$65.80M$7.60M$0-$0$0$37.10M$80.00M$116.49M$137.63M
Total liabilities$364.11M$360.02M$441.51M$523.09M$540.16M$543.39M$510.18M$523.40M$554.18M$605.27M
Shareholders' equity$274.56M$315.36M$457.87M$496.31M$493.07M$437.19M$625.97M$591.44M$554.85M$525.18M

Cash flow

Cash flow
Line item
FY2025
Dec 28, 2025
FY2024
Dec 29, 2024
FY2023
Dec 31, 2023
FY2022
Dec 25, 2022
FY2021
Dec 26, 2021
FY2020
Dec 27, 2020
FY2019
Dec 29, 2019
FY2018
Dec 30, 2018
FY2017
Dec 31, 2017
FY2016
Jan 1, 2017
Operating cash flow-$58.04M-$17.06M$34.75M$120.50M$20.44M$152.53M$93.53M$125.69M$100.13M$260.70M
Capital expenditures$15.68M$24.15M$31.28M$30.63M$35.01M$27.07M$28.12M$17.05M$21.96M$29.04M
Free cash flow-$73.72M-$41.21M$3.48M$89.88M-$14.57M$125.47M$65.41M$108.64M$78.18M$231.66M
Investing cash flow-$16.06M-$2.45M-$32.32M-$20.95M-$16.22M-$34.41M-$21.63M-$20.52M-$54.38M-$123.94M
Financing cash flow$57.14M-$17.09M-$37.58M-$64.69M-$19.13M-$92.50M-$82.92M-$75.02M-$75.33M-$115.12M
Share repurchases$0$21.29M$34.18M$60.94M$16.68M$52.35M$38.83M$34.82M$36.68M$5.75M
Stock-based compensation$7.26M$7.59M$13.91M$9.69M$13.94M$9.11M$9.77M$13.88M$7.74M$9.36M
Depreciation and amortization$28.85M$29.56M$25.82M$29.27M$27.56M$32.03M$37.55M$41.05M$46.12M$46.69M

Key ratios

Key ratios
Line item
FY2025
Dec 28, 2025
FY2024
Dec 29, 2024
FY2023
Dec 31, 2023
FY2022
Dec 25, 2022
FY2021
Dec 26, 2021
FY2020
Dec 27, 2020
FY2019
Dec 29, 2019
FY2018
Dec 30, 2018
FY2017
Dec 31, 2017
FY2016
Jan 1, 2017
Revenue growth, YoY3.1%-17.8%-15.4%3.7%17.7%-22.1%-5.2%-0.4%-8.8%677.0%
Net income growth, YoY---1.0%---4.1%18.6%--
EPS growth, YoY---6.9%---1.2%21.6%--
Gross margin22.8%25.9%26.5%26.7%25.8%23.9%26.2%26.2%25.3%24.7%
Operating margin-2.9%-5.9%-1.3%3.2%3.1%-9.5%2.8%3.0%3.1%-0.6%
Net margin-3.0%-8.0%-0.7%2.8%2.8%-7.7%2.7%2.6%2.2%-0.6%
Free cash flow margin-4.6%-2.6%0.2%4.0%-0.7%6.8%2.8%4.3%3.1%8.4%
Return on equity-17.5%-39.9%-3.1%12.5%12.5%-32.4%10.1%11.1%10.0%-2.9%
Return on assets-7.5%-18.6%-1.6%6.1%6.0%-14.5%5.6%5.9%5.0%-1.3%
Current ratio2.151.731.741.771.721.411.831.912.021.70
Debt to equity0.240.020.00-0.000.000.060.140.210.26

Source: XBRL data TrueBlue Inc. files with the SEC, latest filing dated Nov 4, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

TBI peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
TBI$1.78B+12.4%-$45.45M-2.6%$370.4M
GIBC$15.91B+8.4%C$1.66B10.4%$19.15B
BAH$10.98B-6.2%$784.00M7.1%$10.28B
G$5.34B+6.7%$588.48M11.0%$7.12B
FCN$3.98B+7.8%$233.42M5.9%$5.29B
RHI$5.30B-2.9%$121.73M2.3%$4.33B
EXPO$659.07M+15.4%$114.67M17.4%$4.06B
HURN$1.86B+12.3%$113.54M6.1%$2.55B
MAN$18.92B+7.3%$120.30M0.6%$2.07B

TBI FAQ

9 questions
  • What is TBI revenue?
    TrueBlue Inc. (TBI) reported $1.78B of revenue for the twelve months ended Sep 27, 2026. That is up 12.4% from the year before. Revenue for fiscal 2025 was $1.62B.
  • Is TBI profitable?
    No. TrueBlue Inc. reported a net loss of $45.45M for the twelve months ended Sep 27, 2026.
  • How much cash and debt does TBI have?
    TrueBlue Inc. reported $19.77M in cash and cash equivalents and $102.30M of debt on its most recent balance sheet in SEC filings.
  • How fast is TBI revenue growing?
    TrueBlue Inc.'s revenue changed +3.1% in fiscal 2025, to $1.62B. Its compound annual growth rate was -2.6% over 5 years and +16.4% over 10 years.
  • What is TBI gross margin?
    TrueBlue Inc.'s gross profit was $367.64M on $1.78B of revenue for the twelve months ended Sep 27, 2026, a gross margin of 20.6%.
  • What is TBI free cash flow?
    TrueBlue Inc. generated -$72.31M of free cash flow for the twelve months ended Sep 27, 2026, which is operating cash flow of -$60.77M less capital expenditures.
  • What is TBI earnings per share?
    Diluted earnings per share were -$1.55 for the twelve months ended Sep 27, 2026, from SEC filings, restated for any stock split those filings show.
  • When did TBI last report financial results?
    The latest statements here come from TrueBlue Inc.'s 10-Q filed on Nov 4, 2026, covering the period ended Sep 27, 2026.
  • Where does this TBI financial data come from?
    Quantisnow builds these statements from the structured XBRL data TrueBlue Inc. files with the SEC. It is provided for information only and is not investment advice.