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Kforce Inc (KFRC) stock

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NYSE: KFRC NYSE Human Resource & Employment Services Next results ~February 1, 2027

B Fundamentals grade

Kforce 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

~$26

Cash-flow model

Base case. Range ~$18–$36 across our lower- and higher-growth cases (-3%–7% a year).

Price vs value

Overvalued

The price is above our entire value range; our base value is 56% below it.

Price used: $58.27, November 2, 2026

Kforce 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.

  • Insiders0 buying, 1 selling0 purchases and 1 sale by directors and officers, last 12 monthsInsider trades
  • Funds137 adding, 85 cuttingOf 41 active managers that changed their stake, 23 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Kforce files

10-Q filed October 28: Kforce

Model value −18.7%

Revenue for the twelve months to September 2026 was $1.37bn, up 2.1% on a year earlier, against a decline of 1.3% a quarter earlier. Free-cash-flow margin fell to 0.6% from 3.9% a year earlier. The diluted share count is down 4.7% on a year earlier, which lifts each remaining share. Our model value falls from $31.63 to $25.73 a share, against a share price of $59.78. The rating stays Sell. At that price, our model says the market is pricing in about 15.0% a year of cash-flow growth for five years, faster than the -2.8% a year revenue growth it has delivered.

Source: 10-Q filed October 28, 2026 on SEC EDGAR · Financials · Valuation

Earlier notes (2)

10-Q filed July 29: Kforce

Revenue for the twelve months to June 2026 reached $1.37bn, a 2.1% rise on the prior year, reversing the 1.3% decline seen a quarter earlier. Free-cash-flow margin, meanwhile, slipped to 0.6% from 3.9% a year earlier. The diluted share count is down 4.7% on a year earlier, lifting the value attributable to each remaining share. Our model value climbs from $30.53 to $31.63 a share, well below the current price of $56.86. The rating remains Sell. At that price, the market appears to be pricing in cash-flow growth of about 11.5% a year for five years, a pace well ahead of the -2.8% a year revenue growth Kforce has actually delivered.

10-Q on SEC EDGAR

Where Kforce stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $1.34bn, down 1.3% on a year earlier, a smaller fall than the 3.9% decline a quarter earlier. Free-cash-flow margin fell to 1.7% from 4.4% a year earlier. The diluted share count is down 5.6% on a year earlier, which lifts each remaining share. Against its peers on growth, profitability, cash generation and balance sheet, it grades B. It passes 2 of our 2 financial-health checks. Our cash-flow model value is $30.53 a share, against a share price of $58.02. At that price, our model says the market is pricing in about 11.9% a year of cash-flow growth for five years, faster than the -3.2% a year revenue growth it has delivered.

10-Q on SEC EDGAR

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 ~February 1, 2027 (estimated)

Kforce Inc's trailing-twelve-month revenue grew 2.1% year on year, with a free-cash-flow margin of 0.6%. Where it stands out: change in share count of -4.7% ranks 2 of 20 human resource & employment services companies we cover.

Our discounted-cash-flow model values the business at ~$26 per share in the base case (~$18–$36 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Free cash flow diverging from earnings: TTM free cash flow fell 83.7% while net income grew 0.3%: a 84pp divergence.

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

  • Growth speeding up. The growth rate is 3.4 points higher than a quarter earlier.
  • Shrinking share count. Diluted shares fell 4.7% in a year, so each share owns more of the business.
  • Estimates rising. Analysts' consensus for next year's earnings per share has risen 5.3% over 90 days.

Things to watch

  • Priced above our value. The share price of $58.27 is 56% above our value per share of $26.
  • Volatile shares. Over the past year the shares showed annualised volatility of 66% and a beta of -0.4 against the S&P 500.
  • Weak cash conversion. Free cash flow was 21% of net income over the last 12 months.
  • Heavily shorted. 11.1% of the shares available to trade are sold short (5.9 days of average volume to cover).

Latest results: FY2026 Q3

Filed October 28, 2026
Earnings per share
$0.73 against an average estimate of $0.70: beat by 4.1%
Revenue
$358m, up 7.5% on a year earlier
Share reaction
-2.8% in the first session after the results on October 26, 2026, against +1.3% for the S&P 500
Guidance given
revenue $352m to $360m (fourth quarter of 2026); earnings per share $0.62 to $0.7 (fourth quarter of 2026)
Next report
October 26, 2026; average EPS estimate $0.76

Kforce's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+1.5%
  • 1 week-0.3%
  • 1 month+10.2%
  • This year+94.3%
  • 1 year+140.6%
  • 5 years-3.9%
  • 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)
$1.4B
Operating margin
4.5%
Net margin
3.0%
EPS (TTM, diluted)
$2.37

Growth

Revenue growth
+2.1%
Change in growth rate
+3.4 pts
Share count change
−4.7%

Cash

Free cash flow (TTM)
$8.6M
FCF margin
0.6%
Stock pay % of revenue
1.1%

Earnings

Last results
October 26, 2026
Next results (est.)
February 1, 2027

News & updates

Updated October 31, 2026

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

  1. Guidance
  2. Results
  3. Guidance
  4. Results
  5. Announcement
  6. Announcement
  7. Results
  8. Results

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

Kforce Inc valuation models and calculator

What the price is pricing in

The share price implies about 14.7% a year of cash-flow growth for five years.That is faster than the -2.8% a year revenue growth Kforce has delivered.

  • Priced in14.7%
  • Last 12 months2.1%
  • 3 years a year-4.8%
  • 5 years a year-2.8%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($57.04, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Sell12-month view
12-month price target
~$26
Price used
$57.04close November 3, 2026
Implied change
▼ 55%
Uncertainty
Medium

How we got here: a discounted-cash-flow model of Kforce Inc's free cash flow after stock-based pay with after-tax interest added back ($32.1M, FY2026 Q3 TTM), growing 5% and 2.3% in the next two years (forecasts, guidance and its record), then back to 2% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$18–~$36 ; that spread sets a 25% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Kforce Inc's free cash flow after stock-based pay ( $32.1M, FY2026 Q3 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.

Valuation models

We value Kforce Inc as an operating company, with every model that fits that kind of business. Cost of equity 8.2%: the 10-year Treasury yield (4.9%) plus a beta of 0.73 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. ~$26 ~$18–$36 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$41 ~$34–$58 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$44 ~$33–$61 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$44 ~$37–$55 Included
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$36 ~$26–$44 4 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Kforce 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.

What moves the value

  • Revenue growth 5 points lower ▼ −99%
  • Revenue growth 5 points higher ▲ more than doubles
  • Last year's free-cash-flow margin change, if it persists ▼ −95%
  • Discount rate 1 point higher ▼ −56%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $21$30$43$60$82$110
8.5% $14$21$30$42$58$78
10% $11$16$23$32$44$59

Valuation multiples over time Market data may be delayed

At fiscal year end 2016201720182019202020212022202320242025Now
Share price$18.17$20.32$25.33$33.19$36.01$65.39$48.59$61.29$52.69$30.00$58.27
Market value$477m$520m$640m$789m$771m$1.4bn$996m$1.2bn$991m$533m$1.0bn
+ Net debt (− = net cash)$110m$116m$72m$45m−$3m$3m$25m$41m$32m$64m$108m
Enterprise value$587m$636m$711m$834m$767m$1.4bn$1.0bn$1.2bn$1.0bn$597m$1.1bn
Multiples
Price / sales 0.4x0.4x0.5x0.6x0.6x0.9x0.6x0.8x0.7x0.4x0.7x
Price / earnings 14.6x15.6x11.0x6.0x13.7x18.4x13.2x19.6x19.7x15.3x24.6x
Price / free cash flow 17.4x22.1x7.7x14.0x7.5x20.9x12.0x14.3x12.5x11.4x116.1x
EV / EBITDA 8.7x9.3x8.8x10.3x9.0x12.5x8.4x13.4x13.5x10.7x16.6x

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

58 /100

Moderate moat

How hard Kforce'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 20 / 20

    Cash operating profit has been a median 22.2% of total assets over 10 years.

  • Pricing power 11 / 20

    Gross margin has been a median 28.5%, moving by 0.9 percentage points (standard deviation) across 9 years.

  • Durability 10 / 20

    Operating margin has been a median 5.5%; its worst year was 4.3%.

  • Cash conversion 12 / 20

    Free cash flow was positive in 9 of 9 years, at a median 4.6% of revenue.

  • Discipline 20 / 20

    The diluted share count fell 19.2% over five years; stock-based pay has been a median 1.0% 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 (73 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

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $2.54 +30% $1.4bn +6%
Next $3.09 +22% $1.4bn +3%

Next year's EPS estimate has moved +5.3% in 90 days, across 5 analysts.

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $0.70 $0.73 +4.1%
Mar 2026 $0.39 $0.46 +16.5%
Dec 2025 $0.47 $0.30 −36.3%
Sept 2025 $0.56 $0.63 +11.6%

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

Management guidance

Earnings release, October 26, 2026
  • Revenue fourth quarter of 2026 $352m to $360m
    “Revenue of $352 million to $360 million” source
  • Earnings per share fourth quarter of 2026 $0.62 to $0.70
    “Earnings per share of $0.62 to $0.70” source
  • Gross profit margins fourth quarter of 2026 27.8% to 28%
    “Gross profit margins of 27.8% to 28.0%” source
  • Operating margin fourth quarter of 2026 4.5% to 4.9%
    “Operating margin of 4.5% to 4.9%” source
  • Flex gross profit margins fourth quarter of 2026 26.4% to 26.6%
    “Flex gross profit margins of 26.4% to 26.6%” source
  • SG&A expenses as a percent of revenue fourth quarter of 2026 22.8% to 23%
    “SG&A expenses as a percent of revenue of 22.8% to 23.0%” source
Show 2 more items
  • WASO fourth quarter of 2026 about 17.4m
    “WASO of 17.4 million” source
  • Effective tax rate fourth quarter of 2026 about 28.7%
    “Effective tax rate of 28.7%” 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 Kforce Inc's revenue by +5.0% next year and +2.3% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+4.7%, weight 42%) , management guidance (+7.2%, weight 35%) and the company's own record (+2.0%, weight 23%) . How the weights are set.

Analyst recommendations

5 analysts, Oct 2026
Buy240%
Hold360%
Sell00%

Monthly trend

  1. Oct 2026235
  2. Sep 2026235

Counts of recommendations published by analysts covering Kforce 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
11.1%
of tradable shares
Days to cover
5.94
at average volume
Short interest, 1 month
+20%
to September 30, 2026
Held by institutions
93%
of shares
Held by insiders
7.5%
of shares
Employees
1,600
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 +140.6%

$24.22 on October 31, 2025 to $58.27

ThenNowEffect
Revenue (last 12 months) $1.4bn $1.3bn −1.3%
Net margin 3.2% 2.7% −15.8%
P/E multiple 10.1x 27.7x +172.9%
Share count 18m 17m +6.0%

Biggest factor: p/e multiple.

Last 3 years +4.9%

$55.53 on November 3, 2023 to $58.27

ThenNowEffect
Revenue (last 12 months) $1.7bn $1.3bn −18.6%
Net margin 3.9% 2.7% −30.1%
P/E multiple 17.3x 27.7x +60.0%
Share count 20m 17m +15.2%

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
KFRC+82%−26%+26%−14%−43%+94%
Industry peers (median)+48%−17%+4%−17%−29%+17%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
KFRC75%33%58%58%33%82%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
KFRC−11%−33%−20%−26%−56%−29%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 66% from November 23, 2021 to November 3, 2025. Getting back needed a 198% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$23.49 – $59.98
From 52-week high
−2.9%
vs 50-day average
+9.2%
vs 200-day average
+33.5%
Volatility (1 year)
66%
Beta vs S&P 500
-0.41

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 ±10.3%
After a week
5 up, 7 down
typical move ±10.3%
After a month
5 up, 6 down
typical move ±13.8%
Results releasedNext dayS&P 500 next day5 days21 days
October 26, 2026 −2.8% +1.3% −0.4% —
July 27, 2026 +6.1% +0.3% +4.6% +4.5%
April 27, 2026 +41.5% −0.3% +33.1% +32.6%
February 2, 2026 −0.1% −0.4% −4.1% −23.3%
November 3, 2025 +24.8% −1.0% +19.0% +18.9%
July 28, 2025 −17.5% −0.3% −26.0% −31.3%
April 28, 2025 −16.7% +0.7% −14.3% −7.5%
February 3, 2025 −2.6% 0.0% −7.9% −11.1%
October 28, 2024 +4.6% +0.5% +6.0% +9.8%
July 29, 2024 +2.6% −0.4% −7.1% −3.9%
April 29, 2024 −3.7% −1.2% −0.6% −5.3%
February 5, 2024 −0.9% −0.1% +0.5% +3.9%

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.

Options strategies

All options ideas

How Kforce Inc’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Cash-secured put

Not offered: rated Sell.

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

Covered call

Not offered: no liquid call at or above our price target — the model says the upside is worth more than any listed strike.

For holders: sell a call at a strike at or above our fair value, so the shares are only sold at a price the model calls full value.

Collar

Not offered: no liquid put and call pair for the same expiry.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

Kforce Inc in five measures

Fundamentals grade B
Growth Profitability Cash Balance sheet Value

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) Kforce Inc
$1.3B $1.4B $1.5B $1.6B FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue (TTM), FY23 Q4: $1.5B Revenue (TTM), FY24 Q1: $1.5B Revenue (TTM), FY24 Q2: $1.4B Revenue (TTM), FY24 Q3: $1.4B Revenue (TTM), FY24 Q4: $1.4B Revenue (TTM), FY25 Q1: $1.4B Revenue (TTM), FY25 Q2: $1.4B Revenue (TTM), FY25 Q3: $1.3B Revenue (TTM), FY25 Q4: $1.3B Revenue (TTM), FY26 Q1: $1.3B Revenue (TTM), FY26 Q2: $1.3B Revenue (TTM), FY26 Q3: $1.4B $1.4B

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue (TTM)
FY23 Q4 $1.5B
FY24 Q1 $1.5B
FY24 Q2 $1.4B
FY24 Q3 $1.4B
FY24 Q4 $1.4B
FY25 Q1 $1.4B
FY25 Q2 $1.4B
FY25 Q3 $1.3B
FY25 Q4 $1.3B
FY26 Q1 $1.3B
FY26 Q2 $1.3B
FY26 Q3 $1.4B
Revenue growth, TTM YoY Kforce Inc
-15% -10% -5% 0% 5% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue growth, TTM YoY, FY23 Q4: -10.5% Revenue growth, TTM YoY, FY24 Q1: -13.1% Revenue growth, TTM YoY, FY24 Q2: -12.6% Revenue growth, TTM YoY, FY24 Q3: -10.3% Revenue growth, TTM YoY, FY24 Q4: -8.3% Revenue growth, TTM YoY, FY25 Q1: -6.4% Revenue growth, TTM YoY, FY25 Q2: -5.8% Revenue growth, TTM YoY, FY25 Q3: -5.9% Revenue growth, TTM YoY, FY25 Q4: -5.4% Revenue growth, TTM YoY, FY26 Q1: -3.9% Revenue growth, TTM YoY, FY26 Q2: -1.3% Revenue growth, TTM YoY, FY26 Q3: 2.1% 2.1%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q4 -10.5%
FY24 Q1 -13.1%
FY24 Q2 -12.6%
FY24 Q3 -10.3%
FY24 Q4 -8.3%
FY25 Q1 -6.4%
FY25 Q2 -5.8%
FY25 Q3 -5.9%
FY25 Q4 -5.4%
FY26 Q1 -3.9%
FY26 Q2 -1.3%
FY26 Q3 2.1%
Operating margin (TTM) Kforce Inc
3.5% 4% 4.5% 5% 5.5% 6% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Operating margin (TTM), FY23 Q4: 5.7% Operating margin (TTM), FY24 Q1: 5.4% Operating margin (TTM), FY24 Q2: 5.1% Operating margin (TTM), FY24 Q3: 5.3% Operating margin (TTM), FY24 Q4: 5.0% Operating margin (TTM), FY25 Q1: 4.7% Operating margin (TTM), FY25 Q2: 4.5% Operating margin (TTM), FY25 Q3: 4.3% Operating margin (TTM), FY25 Q4: 3.8% Operating margin (TTM), FY26 Q1: 3.8% Operating margin (TTM), FY26 Q2: 4.0% Operating margin (TTM), FY26 Q3: 4.5% 4.5%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q4 5.7%
FY24 Q1 5.4%
FY24 Q2 5.1%
FY24 Q3 5.3%
FY24 Q4 5.0%
FY25 Q1 4.7%
FY25 Q2 4.5%
FY25 Q3 4.3%
FY25 Q4 3.8%
FY26 Q1 3.8%
FY26 Q2 4.0%
FY26 Q3 4.5%
FCF margin (TTM) Kforce Inc
0% 2% 4% 6% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 FCF margin (TTM), FY23 Q4: 5.5% FCF margin (TTM), FY24 Q1: 5.3% FCF margin (TTM), FY24 Q2: 5.4% FCF margin (TTM), FY24 Q3: 5.4% FCF margin (TTM), FY24 Q4: 5.6% FCF margin (TTM), FY25 Q1: 4.6% FCF margin (TTM), FY25 Q2: 4.4% FCF margin (TTM), FY25 Q3: 3.9% FCF margin (TTM), FY25 Q4: 3.5% FCF margin (TTM), FY26 Q1: 3.3% FCF margin (TTM), FY26 Q2: 1.7% FCF margin (TTM), FY26 Q3: 0.6% 0.6%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q4 5.5%
FY24 Q1 5.3%
FY24 Q2 5.4%
FY24 Q3 5.4%
FY24 Q4 5.6%
FY25 Q1 4.6%
FY25 Q2 4.4%
FY25 Q3 3.9%
FY25 Q4 3.5%
FY26 Q1 3.3%
FY26 Q2 1.7%
FY26 Q3 0.6%

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

Where the money goes

FY2025, from the 10-K

Each dollar Kforce 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 $1.3B
  2. Cost of revenue $968M · 72.8%
  3. Gross profit $361M · 27.2%
  4. Selling, general and admin $306M · 23.0%
  5. Operating income $50.1M · 3.8%
  6. Income tax $12.1M · 0.9%
  7. Net income $34.8M · 2.6%

Shares of revenue. Source: Kforce's 10-K for FY2025, as filed with the SEC.

Financial statements

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

Fiscal year 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 Sept 2026
Income
Revenue 1,320 1,254 1,304 1,347 1,398 1,580 1,711 1,532 1,405 1,329 1,369
Gross profit 408 376 386 395 396 457 501 427 385 361 381
EBITDA 68 69 81 81 86 111 121 92 76 56 67
Operating income 59 60 72 75 80 107 117 87 70 50 62
Net income 33 33 58 131 56 75 75 61 50 35 41
Diluted EPS $1.25 $1.30 $2.30 $5.50 $2.62 $3.54 $3.68 $3.13 $2.68 $1.96 $2.37
Growth (year on year)
Revenue — −5.0% +4.0% +3.3% +3.7% +13.0% +8.3% −10.5% −8.3% −5.4% +2.1%
EBITDA — +1.0% +17.7% +0.8% +5.2% +30.0% +9.1% −24.0% −17.9% −26.5% +6.5%
Operating income — +1.6% +20.6% +3.3% +7.3% +32.9% +9.6% −25.5% −20.0% −28.2% +8.3%
Net income — +1.6% +74.2% +125.7% −57.2% +34.2% +0.3% −19.0% −17.5% −30.9% +0.3%
Diluted EPS — +4.0% +76.9% +139.1% −52.4% +35.1% +4.0% −14.9% −14.4% −26.9% +5.3%
Margins
Gross margin 31.0% 30.0% 29.6% 29.3% 28.3% 28.9% 29.3% 27.9% 27.4% 27.2% 27.8%
EBITDA margin 5.1% 5.5% 6.2% 6.0% 6.1% 7.0% 7.1% 6.0% 5.4% 4.2% 4.9%
Operating margin 4.5% 4.8% 5.6% 5.6% 5.7% 6.7% 6.8% 5.7% 5.0% 3.8% 4.5%
Net margin 2.5% 2.7% 4.4% 9.7% 4.0% 4.8% 4.4% 4.0% 3.6% 2.6% 3.0%
Free-cash-flow margin 2.1% 1.9% 6.3% 4.2% 7.3% 4.2% 4.8% 5.5% 5.6% 3.5% 0.6%
Cash flow
Cash from operations 40 29 88 67 109 73 91 91 87 62 23
Capital spending 12 6 5 10 6 6 8 8 8 15 14
Free cash flow 27 23 83 56 103 66 83 84 79 47 9
Stock-based pay 7 8 9 10 12 14 18 18 14 14 15
Free cash flow after stock pay 21 16 74 46 91 52 65 66 65 33 −6
Balance sheet
Cash 1 0 0 20 103 97 0 0 0 2 0
Total debt 112 117 72 65 100 100 26 42 33 66 108
Net debt (negative = net cash) 110 116 72 45 −3 3 25 41 32 64 108
Diluted shares 26m 26m 25m 24m 21m 21m 21m 20m 19m 18m 17m
Returned to shareholders
Dividends 12 12 15 17 17 20 24 28 28 27 27
Buybacks 46 15 22 124 36 66 75 75 42 51 25
Total returned 58 27 37 141 52 86 99 103 70 78 52

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

2 of 2 checks passed · September 30, 2026
What it owns · $430m
Short-term assets $249mLonger-term assets $181m
What it owes, and who funded it · $430m
Short-term liabilities $127mLonger-term liabilities $167mShareholders' equity $136m
  • Short-term assets cover short-term liabilities $249m of assets due within a year against $127m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $249m short-term assets against $167m 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 Interest not separately reported. Not assessable.

From Kforce 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 Q3 TTM
Buybacks (TTM)
$24.6M
Dividends (TTM)
$26.9M
Returned to shareholders
596%
of free cash flow
Buybacks, last 3 fiscal years
$168M
Diluted share count
−4.7%
year over year
Total shareholder yield
5.1%
dividends 2.7% + buybacks 2.5% of market value
Dividend payout ratio
66%
of net income paid out
Sales & admin spending
22.9%
of revenue
Days sales outstanding
61 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in human resource & employment services
Last 12 months unless stated KFRC BBSI FA TBI CIRC KFY Median
Revenue, last 12 months $1.4bn $1.3bn $1.7bn $1.7bn $800m $3.0bn $1.7bn
Revenue growth, last 12 months 2.1% 5.6% 32.9% 10.2% 80.5% 6.9% 5.6%
Revenue growth, 3-year average −4.8% 5.9% 28.7% −6.6% >999% 1.4% −0.5%
Revenue growth, latest quarter 7.5% 3.8% 14.9% 11.8% 210.8% 6.9% 5.2%
Gross margin 27.8% 20.0% — 21.2% 8.6% — 28.0%
Operating margin 4.5% 4.1% 10.7% −2.9% −7.8% 12.9% 1.0%
Operating margin, 3-year average 4.7% 4.8% 5.6% −3.3% −5.9% 11.3% 2.3%
Net margin 3.0% 2.8% 1.5% −3.3% −19.4% 9.4% 1.5%
Cash from operations / revenue 1.6% 2.9% 15.7% −3.2% −2.9% 13.5% 1.9%
Free-cash-flow margin 0.6% 1.2% 15.0% −4.0% −2.9% 10.7% 1.2%
Free-cash-flow margin, 3-year average 3.3% 1.1% 12.3% −3.1% −2.5% 10.3% 2.4%
Stock pay / revenue 1.1% 0.8% 1.2% 0.4% 3.6% 1.6% 1.3%
Change in share count −4.7% −3.3% 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 2.1% 5.6% 13 of 21
Change in growth rate Growth +3.4pp +0.5pp 6 of 20
Gross margin Profitability 27.8% 27.8% 9 of 17
Operating margin Profitability 4.5% 0.6% 6 of 19
Net margin Profitability 3.0% 1.5% 7 of 21
Free-cash-flow margin Cash generation 0.6% 1.2% 12 of 21
Stock pay as % of revenue Cash generation 1.1% 1.3% 8 of 20
Change in share count Balance sheet -4.7% -0.1% 2 of 20
Days sales outstanding Balance sheet 61 days 68 days 9 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
Segments
Line of business Revenue Share YoY
Technology $1.2B 92.6% ▼ 4.8%
Finance and Accounting $98.7M 7.4% ▼ 12.3%
Products and services
Line of business Revenue Share YoY
Flex Revenue $1.3B 98.1% ▼ 5.3%
Direct Hire Revenue $25.7M 1.9% ▼ 11.1%

From Kforce Inc's 10-K filed February 20, 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
$804M
Institutions reporting
234
Shares held vs prior quarter
▲ 1.9%
Positions opened / closed
47 / 15

Top buyers and sellers, Q2 2026: 137 institutions bought and 85 sold ; the biggest buyer was Copeland Capital Management, LLC (+262K shares) and the biggest seller Jacobs Levy Equity Management, Inc (−336K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Kayne Anderson Rudnick Investment Management LLC $85.9M 1.8M 10.7% ▼ 6.8%
Blackrock, Inc. $73M 1.6M 9.1% ▲ 3.7%
Copeland Capital Management, LLC $43.6M 928K 5.4% ▲ 39.3%
Vanguard Capital Management LLC $32.9M 701K 4.1% ▼ 9.5%
New South Capital Management Inc $29.4M 626K 3.7% ▼ 0.3%
American Century Companies Inc $24.8M 529K 3.1% ▲ 92.4%
Geode Capital Management, LLC $24.5M 522K 3.0% ▲ 8.0%
Royce & Associates LP $24M 512K 3.0% ▲ 56.4%
Deprince Race & Zollo Inc $22.4M 477K 2.8% ▲ 2.4%
Dimensional Fund Advisors LP $22.3M 475K 2.8% ▲ 1.6%
State Street Corp $20.6M 439K 2.6% ▲ 2.0%
Tributary Capital Management, LLC $17.1M 363K 2.1% ▲ 3.3%

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 Kforce Inc's complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $109,800 1 trade by 1 insider · 0% under pre-set plans
Net ▼ $109,800 net selling
Insider Date Trade Shares Price Value
Simmons N John Director July 31, 2026 Sell 2,000 $54.90 $109,800

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 February 1, 2027 estimated from the company's past filing pattern, not announced

  • October 26, 2026
  • July 27, 2026
  • April 27, 2026
  • February 2, 2026
  • November 3, 2025
  • July 28, 2025

Recent SEC filings

Data status

When each part of this page on Kforce 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.

Kforce Inc in brief

What does Kforce Inc do?
Kforce Inc is a US-listed company in the human resource & employment services industry. Its financial year ends in December.
What is Kforce Inc's stock ticker?
Kforce Inc trades under the ticker KFRC on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Kforce Inc's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Kforce Inc reported revenue of $1.4B, 2.1% higher than a year earlier, according to its SEC filings.
What is Kforce Inc's free cash flow?
Kforce Inc's free-cash-flow margin is 0.6% of revenue over the trailing twelve months, ranking 12 of the 21 human resource & employment services companies we cover.
What is Kforce Inc's fair value (intrinsic value) per share?
Our discounted-cash-flow model of Kforce Inc's free cash flow after stock-based pay gives ~$26 per share in the base case, and ~$18–$36 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Kforce Inc's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Kayne Anderson Rudnick Investment Management LLC, Blackrock, Inc. and Copeland Capital Management, LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Kforce Inc buying back stock, and does it pay a dividend?
Kforce Inc spent $24.6M on share repurchases over the trailing twelve months, and its diluted share count fell 4.7% over the year.
What is Kforce Inc's market cap?
On November 2, 2026, Kforce Inc's market capitalisation was about $1B, with a price-to-earnings ratio of 24.6 and net debt of $108M. Market figures come from third-party market data and may be delayed.
Does Kforce Inc pay a dividend?
Yes: Kforce Inc paid $26.9M in dividends over the trailing twelve months, a dividend yield of 2.68% and a payout ratio of 65.9%.
Who are Kforce Inc's competitors?
In our Human Resource & Employment Services peer group, the companies closest to Kforce Inc are Barrett Business Services 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 Kforce Inc's.
Are insiders buying or selling Kforce Inc stock?
Over the last 12 months, Kforce Inc's directors and officers reported 0 open-market purchases and 1 sales on Form 4. The insider trading page charts every trade.
When is Kforce Inc's next earnings date?
Around February 1, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Kforce Inc announces its own schedule.