TBINYSEServices-Help Supply ServicesFiscal year ends December 27
TrueBlue, Inc.
Financials through Q2 FY2026, quarter ended Jun 28, 2026Last filing: 10-Q on Aug 4, 2026
$8.15−0.13 (-1.57%)
Close on Oct 19, 2026
- Market cap
- $247.87M
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
22.8%−1.1 pts over 5 years
Operating margin
-2.9%+6.6 pts over 5 years
Net margin
-3.0%+4.7 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 | +3.1% | -10.5% | -2.6% | -5.0% | |
| Gross profit | -9.5% | -15.1% | -3.5% | -5.3% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | -2.9% | -26.7% | -16.3% | |
| Return on assets | -1.3% | -13.4% | -7.3% | |
| Current ratio | 1.70 | 1.41 | 2.15 | |
| Debt to equity | 0.26 | 0.00 | 0.24 | |
| Net debt to EBITDA | 1.16× | 0.83× | -2.32× | |
| Interest coverage | -2.4× | – | – | |
| Capex to revenue | 1.1% | 1.5% | 1.0% | |
| Diluted shares | 42M | 35M | 30M |
Where the cash went
Fiscal 2021 to 2025, five years combined
TrueBlue generated $250.80M from operations and spent $269.83M on capital expenditure, dividends and share buybacks. 51% of that went back into the business.
Generated
$250.80M
Used
$269.83M
Capital expenditure$136.74M51%Dividends$00%Share buybacks$133.09M49%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-3.0%
×Asset turnover2.46×
×Equity multiplier2.23×
=Return on equity, FY2025-16.3%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -3.0% | 2.46× | 2.23× | -16.3% |
| FY2024 | -8.0% | 1.99× | 2.04× | -32.5% |
| FY2023 | -0.7% | 1.99× | 2.01× | -3.0% |
| FY2022 | 2.8% | 2.20× | 2.07× | 12.6% |
| FY2021 | 2.8% | 2.16× | 2.16× | 13.3% |
| FY2020 | -7.7% | 1.74× | 1.99× | -26.7% |
| FY2019 | 2.7% | 2.10× | 1.85× | 10.4% |
| FY2018 | 2.6% | 2.25× | 1.94× | 11.5% |
| FY2017 | 2.2% | 2.24× | 2.07× | 10.3% |
| FY2016 | -0.6% | 2.30× | 2.25× | -2.9% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
4of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero-$47.96M
- Cash generatingOperating cash flow above zero-$58.04M
- Return on assets improvedROA up on the prior year-14.0% → -7.1%
- Earnings backed by cashOperating cash flow above net income-$58.04M vs -$47.96M
- Less leverageLong-term debt to assets fell1.1% → 10.3%
- Better liquidityCurrent ratio rose1.73 → 2.15
- No dilutionShare count did not rise30M → 30M
- Gross margin improvedGross margin up on the prior year25.93% → 22.76%
- More efficientAsset turnover rose1.74 → 2.39