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Barrett Business Services Inc (BBSI) stock

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NASDAQ: BBSI Nasdaq Human Resource & Employment Services Next results ~November 4, 2026

C+ Fundamentals grade

Barrett Business Services Inc is a US-listed company in the human resource & employment services industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

Under review: our cash-flow value ($5.76) was left out of our combined valuation (it is 0.17x the share price, outside the 0.2-5x range we accept), so it can't be the basis of a rating.

Price vs value

Under review: our cash-flow value ($5.76) was left out of our combined valuation (it is 0.17x the share price, outside the 0.2-5x range we accept), so it can't be the basis of a rating. We'll show the comparison once resolved.

Barrett Business Services Inc valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders3 buying, 2 selling9 purchases and 5 sales by directors and officers, last 12 monthsInsider trades
  • Funds105 adding, 79 cuttingOf 39 active managers that changed their stake, 16 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Barrett Business Services files

Where Barrett Business Services stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $1.27bn, up 5.6% on a year earlier, slower than the 7.1% growth a quarter earlier. Free-cash-flow margin rose to 1.2% from -1.0% a year earlier. The diluted share count is down 3.3% on a year earlier, which lifts each remaining share. Against its peers on growth, profitability, cash generation and balance sheet, it grades C. It passes 3 of our 3 financial-health checks.

Our model value for Barrett Business Services is under review, so past values are not shown until it is resolved.

Source: 10-Q filed August 6, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 4, 2026 (estimated)

Barrett Business Services Inc's trailing-twelve-month revenue grew 5.6% year on year, with a free-cash-flow margin of 1.2%. Where it stands out: change in share count of -3.3% ranks 3 of 20 human resource & employment services companies we cover. Where it lags: days sales outstanding of 87 days ranks 15 of 18 human resource & employment services companies we cover.

Our discounted-cash-flow model values the business at ~$5.8 per share in the base case (~$5.0–$6.7 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Revenue growth decelerating: TTM revenue growth slowed to 5.6% (-1.5pp vs the prior quarter), the 3rd consecutive quarterly slowdown.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Shrinking share count. Diluted shares fell 3.3% in a year, so each share owns more of the business.

Things to watch

  • Results due soon. Results are expected around 4 November; the share price can move sharply on the day.
  • Weak cash conversion. Free cash flow was 44% of net income over the last 12 months.
  • Below peers: days sales outstanding. Days sales outstanding of 87 days ranks 15 of 18 human resource & employment services companies we cover (median 68 days).
  • Missing expectations. Earnings per share fell short of the consensus estimate in 3 of the last four quarters.
  • Estimates being cut. Analysts' consensus for next year's earnings per share has fallen 5.8% over 90 days.

Latest results: FY2026 Q2

Filed August 6, 2026
Earnings per share
$0.52 against an average estimate of $0.56: missed by 6.3%
Revenue
$319m, up 3.8% on a year earlier
Share reaction
-17.4% in the first session after the results on August 5, 2026, against -0.4% for the S&P 500
Guidance given
gross billings growth growth 3% to 4% (2026); growth in average number of WSEs growth 2% to 3% (2026)
Next report
November 4, 2026; average EPS estimate $0.69

Barrett Business Services' figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+2.7%
  • 1 week+0.2%
  • 1 month+9.5%
  • This year-7.0%
  • 1 year-16.6%
  • 5 years+65.9%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$1.3B
Operating margin
4.1%
Net margin
2.8%
EPS (TTM, diluted)
$1.37

Growth

Revenue growth
+5.6%
Change in growth rate
−1.5 pts
Share count change
−3.3%

Cash

Free cash flow (TTM)
$15.5M
FCF margin
1.2%
Stock pay % of revenue
0.8%

Earnings

Last results
August 5, 2026
Next results (est.)
November 4, 2026

News & updates

Updated November 3, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Announcement
  2. Results
  3. Guidance

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Barrett Business Services Inc valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: held for review: our cash-flow value ($5.76) was left out of our combined valuation (it is 0.17x the share price, outside the 0.2-5x range we accept), so it can't be the basis of a rating.

Our value per share comes from a discounted-cash-flow model of Barrett Business Services Inc's free cash flow after stock-based pay ( $3.5M, FY2026 Q2 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.

Valuation models

We value Barrett Business Services Inc as an operating company, with every model that fits that kind of business. Cost of equity 8%: the 10-year Treasury yield (4.9%) plus a beta of 0.67 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$5.8 ~$5.0–$6.7 Left out: out of range vs price (0.17x)
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. ~$20 ~$27–$38 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$45 ~$32–$67 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$35 ~$29–$44 Included
Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. — Combined value withheld. Review the individual models and their assumptions.

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Barrett Business Services Inc with Human Resource & Employment Services in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 20152016201720182019202020212022202320242025Now
Share price$9.30$14.01$14.34$12.89$20.64$15.91$16.37$22.45$28.23$42.75$35.92$33.40
Market value$274m$414m$433m$394m$636m$489m$499m$649m$773m$1.1bn$939m$854m
+ Net debt (− = net cash)−$25m−$46m−$56m−$31m−$41m−$65m−$69m−$91m−$71m−$55m−$95m−$27m
Enterprise value$248m$367m$377m$363m$595m$424m$430m$557m$702m$1.1bn$844m$827m
Multiples
Price / sales 0.4x0.5x0.5x0.4x0.7x0.6x0.5x0.6x0.7x1.0x0.8x0.7x
Price / earnings 10.7x22.0x17.2x10.4x13.2x14.5x13.1x13.7x15.3x21.5x17.2x24.3x
Price / free cash flow 2.8x5.6x4.0x6.2x9.6x——55.0x14.0x—19.9x55.0x
EV / EBITDA 6.3x11.4x10.7x8.8x10.9x10.3x8.7x8.5x10.4x16.1x12.0x13.6x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

33 /100

Weak moat

How hard Barrett Business Services's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 3 / 20

    Cash operating profit has been a median 3.8% of total assets over 10 years.

  • Pricing power 9 / 20

    Gross margin has been a median 21.8%, moving by 1.9 percentage points (standard deviation) across 10 years.

  • Durability 8 / 20

    Operating margin has been a median 5.1%; its worst year was 3.0%.

  • Cash conversion 9 / 20

    Free cash flow was positive in 7 of 10 years, at a median 2.9% of revenue.

  • Discipline 20 / 20

    The diluted share count fell 16.7% over five years; stock-based pay has been a median 0.7% of revenue.

AI disruption exposure: High. In this industry, the core product is information work that AI systems increasingly perform. The score above includes a 15-point deduction for that exposure (48 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 4, 2026, after the close. Analysts expect revenue of $332m and EPS of $0.69 (range $0.68 to $0.69) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $1.71 −18% $1.3bn +4%
Next $2.02 +18% $1.4bn +5%

Next year's EPS estimate has moved −5.8% in 90 days, across 2 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is −8.9% on 90 days ago. In the last 30 days, 0 analysts raised Barrett Business Services Inc's forecast and 3 cut it.

Consensus EPS forecast Barrett Business Services Inc, last 90 days
$1.60 $1.80 $2.00 $2.20 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $1.88 Current fiscal year, 60 days ago: $1.71 Current fiscal year, 30 days ago: $1.71 Current fiscal year, 7 days ago: $1.71 Current fiscal year, Now: $1.71 $1.71 Next fiscal year, 90 days ago: $2.15 Next fiscal year, 60 days ago: $2.02 Next fiscal year, 30 days ago: $2.02 Next fiscal year, 7 days ago: $2.02 Next fiscal year, Now: $2.02 $2.02

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $1.88$2.15
60 days ago $1.71$2.02
30 days ago $1.71$2.02
7 days ago $1.71$2.02
Now $1.71$2.02

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $0.56 $0.52 −6.3%
Mar 2026 −$0.15 −$0.13 +13.3%
Dec 2025 $0.64 $0.64 −0.4%
Sept 2025 $0.80 $0.79 −1.2%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 5, 2026
  • Gross margin as a percent of gross billings 2026 2.7% to 2.75%
    “Gross margin as a percent of gross billings of 2.70% to 2.75%.” source
  • Gross billings growth 2026 3% growth to 4% growth
    “Gross billings growth of 3% to 4%.” source
  • Growth in average number of WSEs 2026 2% growth to 3% growth
    “Growth in the average number of WSEs of 2% to 3%.” source
  • Effective annual tax rate 2026 26% to 27% Non-GAAP
    “Effective annual tax rate to remain at 26% to 27%, excluding the one-time charge related to prior-year tax credits.” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

How our valuation uses these forecasts

Our cash-flow model grows Barrett Business Services Inc's revenue by +5.1% next year and +5.7% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+4.6%, weight 60%) and the company's own record (+5.8%, weight 40%) . How the weights are set.

Analyst recommendations

3 analysts, Nov 2026
Buy267%
Hold133%
Sell00%

Monthly trend

  1. Nov 2026213
  2. Oct 2026213

Counts of recommendations published by analysts covering Barrett Business Services Inc, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
5.3%
of tradable shares
Days to cover
5.47
at average volume
Short interest, 1 month
+4%
to October 15, 2026
Held by institutions
89%
of shares
Held by insiders
5.2%
of shares
Employees
141,802
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months −16.6%

$40.05 on October 31, 2025 to $33.40

ThenNowEffect
Revenue (last 12 months) $1.2bn $1.3bn +5.6%
Net margin 4.5% 2.8% −38.3%
P/E multiple 19.7x 24.3x +23.7%
Share count 26m 26m +3.5%

Biggest factor: net margin.

Last 3 years +40.9%

$23.70 on November 3, 2023 to $33.40

ThenNowEffect
Revenue (last 12 months) $1.1bn $1.3bn +18.9%
Net margin 4.4% 2.8% −37.0%
P/E multiple 14.3x 24.3x +70.2%
Share count 28m 26m +10.5%

Biggest factor: p/e multiple.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
BBSI+3%+37%+26%+51%−16%−7%
Industry peers (median)+48%−21%+4%−17%−35%+19%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
BBSI50%42%67%67%50%73%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
BBSI−23%−15%−21%−7%−32%−32%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 70% from July 9, 2018 to March 18, 2020. Getting back needed a 228% gain, reached on November 7, 2022, 964 days after the low.

Price behaviour

52-week range
$26.62 – $40.95
From 52-week high
−18.4%
vs 50-day average
+2.5%
vs 200-day average
+1.8%
Volatility (1 year)
41%
Beta vs S&P 500
0.13

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
5 up, 7 down
typical move ±6.2%
After a week
6 up, 6 down
typical move ±7.8%
After a month
8 up, 4 down
typical move ±9.6%
Results releasedNext dayS&P 500 next day5 days21 days
August 5, 2026 −17.4% −0.4% −22.2% −15.4%
May 6, 2026 −1.5% +1.1% −5.3% +8.9%
February 25, 2026 −13.6% +0.3% −6.3% −5.2%
November 5, 2025 −13.1% −0.7% −13.4% −14.0%
August 6, 2025 +5.4% +0.7% +7.4% +8.4%
May 7, 2025 −2.3% +1.1% +0.5% +2.4%
February 26, 2025 −0.1% −1.5% −2.8% +3.8%
November 6, 2024 +10.1% +3.3% +13.7% +16.6%
July 31, 2024 +0.5% +0.2% −5.3% −0.7%
May 1, 2024 −1.7% +0.6% +2.0% +9.2%
February 28, 2024 +5.2% +0.2% +2.5% +9.5%
November 1, 2023 +3.9% +3.0% +12.4% +21.6%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Barrett Business Services Inc in five measures

Fundamentals grade C+
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Barrett Business Services Inc
$1B $1.1B $1.2B $1.3B FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $1.1B Revenue (TTM), FY23 Q4: $1.1B Revenue (TTM), FY24 Q1: $1.1B Revenue (TTM), FY24 Q2: $1.1B Revenue (TTM), FY24 Q3: $1.1B Revenue (TTM), FY24 Q4: $1.1B Revenue (TTM), FY25 Q1: $1.2B Revenue (TTM), FY25 Q2: $1.2B Revenue (TTM), FY25 Q3: $1.2B Revenue (TTM), FY25 Q4: $1.2B Revenue (TTM), FY26 Q1: $1.3B Revenue (TTM), FY26 Q2: $1.3B $1.3B

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $1.1B
FY23 Q4 $1.1B
FY24 Q1 $1.1B
FY24 Q2 $1.1B
FY24 Q3 $1.1B
FY24 Q4 $1.1B
FY25 Q1 $1.2B
FY25 Q2 $1.2B
FY25 Q3 $1.2B
FY25 Q4 $1.2B
FY26 Q1 $1.3B
FY26 Q2 $1.3B
Revenue growth, TTM YoY Barrett Business Services Inc
0% 5% 10% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: 2.5% Revenue growth, TTM YoY, FY23 Q4: 1.4% Revenue growth, TTM YoY, FY24 Q1: 1.7% Revenue growth, TTM YoY, FY24 Q2: 2.9% Revenue growth, TTM YoY, FY24 Q3: 4.9% Revenue growth, TTM YoY, FY24 Q4: 7.0% Revenue growth, TTM YoY, FY25 Q1: 8.4% Revenue growth, TTM YoY, FY25 Q2: 9.5% Revenue growth, TTM YoY, FY25 Q3: 9.6% Revenue growth, TTM YoY, FY25 Q4: 8.4% Revenue growth, TTM YoY, FY26 Q1: 7.1% Revenue growth, TTM YoY, FY26 Q2: 5.6% 5.6%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 2.5%
FY23 Q4 1.4%
FY24 Q1 1.7%
FY24 Q2 2.9%
FY24 Q3 4.9%
FY24 Q4 7.0%
FY25 Q1 8.4%
FY25 Q2 9.5%
FY25 Q3 9.6%
FY25 Q4 8.4%
FY26 Q1 7.1%
FY26 Q2 5.6%
Operating margin (TTM) Barrett Business Services Inc
4% 4.5% 5% 5.5% 6% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: 5.4% Operating margin (TTM), FY23 Q4: 5.7% Operating margin (TTM), FY24 Q1: 5.3% Operating margin (TTM), FY24 Q2: 5.1% Operating margin (TTM), FY24 Q3: 5.1% Operating margin (TTM), FY24 Q4: 5.2% Operating margin (TTM), FY25 Q1: 5.1% Operating margin (TTM), FY25 Q2: 5.2% Operating margin (TTM), FY25 Q3: 5.3% Operating margin (TTM), FY25 Q4: 5.0% Operating margin (TTM), FY26 Q1: 4.8% Operating margin (TTM), FY26 Q2: 4.1% 4.1%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 5.4%
FY23 Q4 5.7%
FY24 Q1 5.3%
FY24 Q2 5.1%
FY24 Q3 5.1%
FY24 Q4 5.2%
FY25 Q1 5.1%
FY25 Q2 5.2%
FY25 Q3 5.3%
FY25 Q4 5.0%
FY26 Q1 4.8%
FY26 Q2 4.1%
FCF margin (TTM) Barrett Business Services Inc
-5% 0% 5% 10% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: 2.6% FCF margin (TTM), FY23 Q4: 5.2% FCF margin (TTM), FY24 Q1: 8.4% FCF margin (TTM), FY24 Q2: 3.1% FCF margin (TTM), FY24 Q3: -0.1% FCF margin (TTM), FY24 Q4: -0.4% FCF margin (TTM), FY25 Q1: -0.8% FCF margin (TTM), FY25 Q2: -1.0% FCF margin (TTM), FY25 Q3: 2.2% FCF margin (TTM), FY25 Q4: 3.8% FCF margin (TTM), FY26 Q1: 1.5% FCF margin (TTM), FY26 Q2: 1.2% 1.2%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 2.6%
FY23 Q4 5.2%
FY24 Q1 8.4%
FY24 Q2 3.1%
FY24 Q3 -0.1%
FY24 Q4 -0.4%
FY25 Q1 -0.8%
FY25 Q2 -1.0%
FY25 Q3 2.2%
FY25 Q4 3.8%
FY26 Q1 1.5%
FY26 Q2 1.2%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-K/A, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar Barrett Business Services took in during FY2025, followed through to profit: what it cost to make, what went on running the business, and what was left after tax.

  1. Revenue $1.2B
  2. Other income $9.2M · 0.7%
  3. Cost of revenue $979M · 79.0%
  4. Gross profit $261M · 21.0%
  5. Selling, general and admin $190M · 15.4%
  6. Other operating costs $8.3M · 0.7%
  7. Operating income $62.2M · 5.0%
  8. Income tax $17M · 1.4%
  9. Net income $54.4M · 4.4%

Shares of revenue. Source: Barrett Business Services's 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained. Other income is income outside operations, such as investment gains.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2009 Dec 2009 2010 Dec 2010 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 236 273 315 403 537 636 741 841 920 941 942 881 955 1,054 1,069 1,145 1,240 1,266
Gross profit 27 45 43 67 83 33 129 146 159 187 208 183 205 235 243 253 261 253
EBITDA −7 9 5 20 23 −41 39 32 35 41 54 41 49 65 68 67 70 61
Operating income −8 8 4 19 21 −43 36 29 30 37 50 36 44 59 61 60 62 52
Net income −4 7 14 13 16 −26 25 19 25 38 48 34 38 47 51 53 54 35
Diluted EPS −$0.10 $0.18 $0.35 $0.42 $0.53 −$0.89 $0.87 $0.64 $0.83 $1.25 $1.57 $1.10 $1.25 $1.64 $1.85 $1.98 $2.08 $1.37
Growth (year on year)
Revenue — +15.5% +15.3% +27.9% +33.4% +18.5% +16.4% +13.5% +9.5% +2.2% +0.2% −6.5% +8.4% +10.4% +1.4% +7.0% +8.4% +5.6%
EBITDA — — −43.3% — +13.8% −276.3% — −18.0% +9.9% +16.4% +32.0% −24.6% +20.1% +32.4% +3.9% −0.6% +4.5% −13.9%
Operating income — — −50.3% — +11.9% −305.3% — −20.6% +3.5% +23.5% +36.5% −28.4% +21.5% +34.3% +2.8% −1.4% +4.0% −17.0%
Net income — — +94.7% −8.3% +19.4% −263.0% — −26.3% +33.9% +51.2% +26.9% −30.1% +12.8% +24.1% +7.1% +4.7% +2.7% −34.9%
Diluted EPS — — +98.6% +18.4% +26.9% −268.4% — −26.5% +30.6% +49.5% +25.9% −30.0% +13.9% +31.2% +12.8% +7.0% +5.1% −32.6%
Margins
Gross margin 11.4% 16.4% 13.8% 16.6% 15.4% 5.2% 17.5% 17.3% 17.2% 19.8% 22.1% 20.8% 21.4% 22.3% 22.7% 22.1% 21.0% 20.0%
EBITDA margin −2.8% 3.4% 1.7% 5.0% 4.3% −6.4% 5.3% 3.8% 3.8% 4.4% 5.8% 4.7% 5.2% 6.2% 6.3% 5.9% 5.7% 4.8%
Operating margin −3.5% 2.9% 1.2% 4.7% 3.9% −6.8% 4.9% 3.4% 3.3% 3.9% 5.4% 4.1% 4.6% 5.6% 5.7% 5.2% 5.0% 4.1%
Net margin −1.7% 2.7% 4.5% 3.3% 2.9% −4.0% 3.4% 2.2% 2.7% 4.0% 5.1% 3.8% 4.0% 4.5% 4.7% 4.6% 4.4% 2.8%
Free-cash-flow margin 0.9% 6.0% 9.6% 10.4% 12.3% 10.2% 13.2% 8.7% 11.9% 6.8% 7.0% −4.1% −2.3% 1.1% 5.2% −0.4% 3.8% 1.2%
Cash flow
Cash from operations 3 18 31 46 70 70 101 80 113 70 77 −28 −15 28 67 10 66 37
Capital spending 1 2 1 4 4 5 3 7 4 6 11 9 7 16 12 14 19 21
Free cash flow 2 16 30 42 66 65 98 73 109 64 66 −37 −22 12 55 −4 47 16
Stock-based pay 0 0 0 1 1 2 2 3 4 6 7 3 5 7 8 9 10 11
Free cash flow after stock pay 2 16 30 41 65 63 95 70 105 59 59 −40 −28 4 47 −13 37 5
Balance sheet
Cash 37 31 50 46 94 12 25 51 60 35 45 69 69 91 71 55 95 27
Total debt 0 0 0 10 5 45 0 4 4 4 4 4 0 0 0 0 0 0
Net debt (negative = net cash) −37 −31 −50 −36 −88 34 −25 −46 −56 −31 −41 −65 −69 −91 −71 −55 −95 −27
Diluted shares 42m 41m 41m 31m 30m 29m 29m 30m 30m 31m 31m 31m 30m 29m 27m 27m 26m 26m
Returned to shareholders
Dividends 3 3 4 4 4 5 6 6 7 7 8 9 9 9 8 8 8 8
Buybacks 3 3 5 25 0 4 0 — — — — 8 17 47 34 29 42 60
Total returned 6 7 9 29 4 9 6 6 7 7 8 17 26 56 42 37 50 68

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

3 of 3 checks passed · June 30, 2026
What it owns · $711m
Short-term assets $466mLonger-term assets $245m
What it owes, and who funded it · $711m
Short-term liabilities $408mLonger-term liabilities $100mShareholders' equity $204m
  • Short-term assets cover short-term liabilities $466m of assets due within a year against $408m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $466m short-term assets against $100m of longer-dated liabilities.
  • More cash than debt Cash or debt not separately reported. Not assessable.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
  • Operating profit covers interest at least five times over Operating income of $52m against $167,000 of interest.

From Barrett Business Services Inc's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q2 TTM
Buybacks (TTM)
$60.2M
Dividends (TTM)
$8M
Returned to shareholders
439%
of free cash flow
Buybacks, last 3 fiscal years
$105M
Diluted share count
−3.3%
year over year
Total shareholder yield
8.5%
dividends 1.0% + buybacks 7.5% of market value
Dividend payout ratio
23%
of net income paid out
Sales & admin spending
15.2%
of revenue
Days sales outstanding
87 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in human resource & employment services
Last 12 months unless stated BBSI KFRC FA TBI CIRC KFY Median
Revenue, last 12 months $1.3bn $1.4bn $1.7bn $1.7bn $800m $3.0bn $1.7bn
Revenue growth, last 12 months 5.6% 2.1% 32.9% 10.2% 80.5% 6.9% 5.6%
Revenue growth, 3-year average 5.9% −4.8% 28.7% −6.6% >999% 1.4% −0.5%
Revenue growth, latest quarter 3.8% 7.5% 14.9% 11.8% 210.8% 6.9% 5.2%
Gross margin 20.0% 27.8% — 21.2% 8.6% — 28.0%
Operating margin 4.1% 4.5% 10.7% −2.9% −7.8% 12.9% 1.0%
Operating margin, 3-year average 4.8% 4.7% 5.6% −3.3% −5.9% 11.3% 2.3%
Net margin 2.8% 3.0% 1.5% −3.3% −19.4% 9.4% 1.5%
Cash from operations / revenue 2.9% 1.6% 15.7% −3.2% −2.9% 13.5% 1.9%
Free-cash-flow margin 1.2% 0.6% 15.0% −4.0% −2.9% 10.7% 1.2%
Free-cash-flow margin, 3-year average 1.1% 3.3% 12.3% −3.1% −2.5% 10.3% 2.4%
Stock pay / revenue 0.8% 1.1% 1.2% 0.4% 3.6% 1.6% 1.3%
Change in share count −3.3% −4.7% 6.2% 1.3% 31.5% −0.8% −0.1%

Median of all 21 companies we cover in human resource & employment services. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

21 human resource & employment services companies
Measure Company Peer median Rank
Revenue growth Growth 5.6% 5.6% 11 of 21
Change in growth rate Growth -1.5pp +0.5pp 15 of 20
Gross margin Profitability 20.0% 27.8% 11 of 17
Operating margin Profitability 4.1% 0.6% 7 of 19
Net margin Profitability 2.8% 1.5% 8 of 21
Free-cash-flow margin Cash generation 1.2% 1.2% 11 of 21
Stock pay as % of revenue Cash generation 0.8% 1.3% 6 of 20
Change in share count Balance sheet -3.3% -0.1% 3 of 20
Days sales outstanding Balance sheet 87 days 68 days 15 of 18

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Products and services
Line of business Revenue Share YoY
Professional Employer Services $1.2B 94.2% ▲ 9.9%
Staffing Services $72M 5.8% ▼ 11.3%

From Barrett Business Services Inc's 10-K filed February 26, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$766M
Institutions reporting
196
Shares held vs prior quarter
▲ 1.0%
Positions opened / closed
30 / 24

Top buyers and sellers, Q2 2026: 105 institutions bought and 79 sold ; the biggest buyer was Point72 Asset Management, L.P (+377K shares) and the biggest seller Mawer Investment Management Ltd (−471K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $72.8M 2.0M 9.5% ▲ 7.4%
Thrivent Financial For Lutherans $60.7M 1.7M 7.9% 0.0%
Royce & Associates LP $46M 1.3M 6.0% ▼ 5.7%
Mawer Investment Management Ltd. $43.7M 1.2M 5.7% ▼ 27.7%
Private Capital Management, LLC $42.9M 1.2M 5.6% ▲ 20.9%
Vanguard Capital Management LLC $37.4M 1.1M 4.9% ▼ 1.7%
Wellington Management Group LLP $30.4M 855K 4.0% ▼ 0.6%
Trigran Investments, Inc. $27.6M 778K 3.6% ▲ 8.3%
Dimensional Fund Advisors LP $25.6M 721K 3.3% ▲ 9.1%
State Street Corp $24M 675K 3.1% ▲ 2.6%
Geode Capital Management, LLC $22.5M 634K 2.9% ▲ 2.5%
Renaissance Technologies LLC $18.9M 531K 2.5% ▼ 16.9%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Barrett Business Services Inc's complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $435,514 9 trades by 3 insiders, last 12 months Insider sales History → $837,943 5 trades by 2 insiders · 46% under pre-set plans
Net ▼ $402,429 net selling
Insider Date Trade Shares Price Value
Potts James R EVP Gen Counsel & Secretary July 7, 2026 Sell pre-set plan 3,490 $38.00 $132,620
Potts James R EVP Gen Counsel & Secretary July 6, 2026 Sell pre-set plan 3,487 $37.55 $130,937
Meeker Anthony Director July 2, 2026 Sell 12,000 $37.85 $454,200
Potts James R EVP Gen Counsel & Secretary July 2, 2026 Sell pre-set plan 1,802 $38.00 $68,476
Finn Mark Steven Director May 13, 2026 Buy 1,000 $28.60 $28,600
Finn Mark Steven Director March 26, 2026 Buy 1,000 $29.40 $29,400
Finn Mark Steven Director March 20, 2026 Buy 500 $27.88 $13,940
Finn Mark Steven Director March 19, 2026 Buy 500 $27.93 $13,965
Potts James R EVP Gen Counsel & Secretary March 17, 2026 Sell pre-set plan 1,803 $28.68 $51,710
Kramer Gary President & CEO March 13, 2026 Buy 8,370 $26.89 $225,069
Finn Mark Steven Director March 3, 2026 Buy 1,000 $27.60 $27,600
Finn Mark Steven Director March 2, 2026 Buy 1,000 $27.72 $27,720

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around November 4, 2026 estimated from the company's past filing pattern, not announced

  • August 5, 2026
  • May 6, 2026
  • February 25, 2026
  • November 5, 2025
  • August 6, 2025
  • May 7, 2025

Recent SEC filings

Data status

When each part of this page on Barrett Business Services Inc was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Barrett Business Services Inc in brief

What does Barrett Business Services Inc do?
Barrett Business Services Inc is a US-listed company in the human resource & employment services industry. Its financial year ends in December.
What is Barrett Business Services Inc's stock ticker?
Barrett Business Services Inc trades under the ticker BBSI on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Barrett Business Services Inc's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Barrett Business Services Inc reported revenue of $1.3B, 5.6% higher than a year earlier, according to its SEC filings.
What is Barrett Business Services Inc's free cash flow?
Barrett Business Services Inc's free-cash-flow margin is 1.2% of revenue over the trailing twelve months, ranking 11 of the 21 human resource & employment services companies we cover.
Who are Barrett Business Services Inc's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Thrivent Financial For Lutherans and Royce & Associates LP. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Barrett Business Services Inc buying back stock, and does it pay a dividend?
Barrett Business Services Inc spent $60.2M on share repurchases over the trailing twelve months, and its diluted share count fell 3.3% over the year.
What is Barrett Business Services Inc's market cap?
On November 2, 2026, Barrett Business Services Inc's market capitalisation was about $854M, with a price-to-earnings ratio of 24.3 and net debt of -$27M. Market figures come from third-party market data and may be delayed.
Does Barrett Business Services Inc pay a dividend?
Yes: Barrett Business Services Inc paid $8M in dividends over the trailing twelve months, a dividend yield of 0.99% and a payout ratio of 22.8%.
Who are Barrett Business Services Inc's competitors?
In our Human Resource & Employment Services peer group, the companies closest to Barrett Business Services Inc are Kforce Inc, First Advantage Corp, Trueblue, Inc., Circle8 Group Inc and Korn Ferry. The side-by-side comparison below sets their revenue, margins and growth against Barrett Business Services Inc's.
Are insiders buying or selling Barrett Business Services Inc stock?
Over the last 12 months, Barrett Business Services Inc's directors and officers reported 9 open-market purchases and 5 sales on Form 4. The insider trading page charts every trade.
When is Barrett Business Services Inc's next earnings date?
Around November 4, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Barrett Business Services Inc announces its own schedule.