BBSINasdaqServices-Help Supply ServicesFiscal year ends December 31
BARRETT BUSINESS SERVICES INC
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026
$31.76−0.79 (-2.43%)
Close on Oct 19, 2026
- Market cap
- $784.73M
- P/E (TTM)
- 23.4
- Dividend yield
- 1.01%
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
21.0%+0.3 pts over 5 years
Operating margin
5.0%+0.9 pts over 5 years
Net margin
4.4%+0.6 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +8.4% | +5.6% | +7.1% | +5.3% | |
| Gross profit | +3.0% | +3.6% | +7.4% | +7.3% | |
| Operating income | +4.0% | +1.8% | +11.5% | +5.5% | |
| Net income | +2.7% | +4.8% | +10.0% | +7.9% | |
| EPS, diluted | +5.1% | +8.2% | +13.6% | +9.1% | |
| Free cash flow | – | +58.7% | – | -7.0% | |
| Dividend per share | +3.2% | +2.2% | +1.3% | +3.8% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 30.3% | 18.2% | 23.5% | |
| Return on assets | 3.5% | 4.1% | 7.1% | |
| Current ratio | 0.86 | 1.40 | 1.29 | |
| Debt to equity | 0.06 | 0.02 | – | |
| Net debt to EBITDA | -1.44× | -1.59× | – | |
| Interest coverage | 35.9× | 29.1× | 363.5× | |
| Capex to revenue | 0.8% | 1.0% | 1.5% | |
| Diluted shares | 30M | 31M | 26M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Barrett Business Services generated $186.50M from operations and spent $279.23M on capital expenditure, dividends and share buybacks. 24% of that went back into the business.
Generated
$186.50M
Used
$279.23M
Capital expenditure$67.54M24%Dividends$41.95M15%Share buybacks$169.74M61%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin4.4%
×Asset turnover1.63×
×Equity multiplier3.30×
=Return on equity, FY202523.5%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 4.4% | 1.63× | 3.30× | 23.5% |
| FY2024 | 4.6% | 1.56× | 3.49× | 25.2% |
| FY2023 | 4.7% | 1.52× | 3.74× | 26.9% |
| FY2022 | 4.5% | 1.47× | 3.71× | 24.5% |
| FY2021 | 4.0% | 1.26× | 3.74× | 18.7% |
| FY2020 | 3.8% | 1.08× | 4.42× | 18.2% |
| FY2019 | 5.1% | 1.17× | 5.56× | 33.2% |
| FY2018 | 4.0% | 1.31× | 6.92× | 36.6% |
| FY2017 | 2.7% | 1.46× | 7.98× | 31.8% |
| FY2016 | 2.2% | 1.56× | 8.68× | 30.3% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
5of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$54.45M
- Cash generatingOperating cash flow above zero$65.96M
- Return on assets improvedROA up on the prior year7.3% → 7.3%
- Earnings backed by cashOperating cash flow above net income$65.96M vs $54.45M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose1.32 → 1.29
- No dilutionShare count did not rise27M → 26M
- Gross margin improvedGross margin up on the prior year22.13% → 21.04%
- More efficientAsset turnover rose1.59 → 1.66