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NYSE · SERVICES-HELP SUPPLY SERVICES · MID CAP

TrueBlue, Inc. TBI

18 fiscal years on record · USD · FY2025 reported · SEC filings only
$1.6B
▲ 3.1% YoY
$-48.0M
$-73.7M

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

In fiscal 2025, TrueBlue connected approximately 291,000 people with work and served approximately 53,000 clients. Its ten largest clients accounted for 26.2% of total revenue for fiscal 2025, 22.4% for fiscal 2024 and 20.5% for fiscal 2023. As of December 28, 2025, the company employed approximately 3,500 full-time equivalent employees, including approximately 2,600 in North America, 700 in Asia Pacific and 200 in Europe. The company's operations are managed as three business segments: PeopleReady, PeopleManagement and PeopleSolutions. PeopleReady connected approximately 130,000 people with work and served approximately 52,000 clients in fiscal 2025, providing clients with access to qualified associates for on-demand, contingent general and skilled labor needs across industries including construction, transportation, manufacturing, retail, hospitality and energy. PeopleManagement connected approximately 38,000 people with work in fiscal 2025, providing and managing contingent associates at clients' facilities through its Staff Management | SMX and SIMOS Insourcing Solutions services throughout the U.S., Canada and Puerto Rico. PeopleSolutions provides clients with services focusing on professional and specialized talent acquisition, as well as workforce management and compliance, and connected approximately 123,000 people with work in fiscal 2025, primarily in the U.S., Canada, the United Kingdom and Australia. TrueBlue, Inc. began operations in 1989.

Written from the business description in TrueBlue, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 18 February 2026. Every sentence was checked against that document before publication.

Growth

USD 1.6B
Revenue, FY2025 · full 18-year series below
Revenue $B Net income $B
FY2025 · Revenue 1.6 · Net income -0.0
1B2B
2008201120142017202020232025
Compound annual growth
−10.5%
−2.6%
−5.0%
+2.3%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at −2.6% a year over the five years to FY2025.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

−3 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -2.9% · Net -3.0%
1%2%3%-5%
200820162025
ROE
FY2025 · ROE -16.3%
5%10%15%-10%-20%-30%
200820162025
Three returns, three denominators.

Each USD of equity lost 16 cents this year.

Cash & shareholders

USD 0.00
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -73.7
100M200M-30M-60M
200820162025
Net buybacks $M Dividends $M
FY2025 · Dividends · · Net buybacks 0.0
25.0M50.0M
2008201120142017202020232025

Total assetsUSD 638.7M
EquityUSD 274.6M
CashUSD 24.5M
Gross debtUSD 65.8M
Net debtUSD 41.3M
Current ratio2.15×

Net debt stands at 15% of equity.

The 18-year record

18 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative—not applicable◌not available in our data
TBI, 18-year financial record
Metric 202520242023202220212020201920182017201620152014201320122011201020092008
Revenue $B1.61.61.92.32.21.82.42.52.52.82.72.21.71.41.31.11.01.4
Operating income $B−0.0−0.1−0.00.10.1−0.20.10.10.1−0.00.10.10.10.10.00.00.00.0
EBITDA $B−0.0−0.10.00.1◌◌◌◌◌◌◌◌◌◌◌◌◌◌
Income tax $B0.00.0−0.00.00.0−0.00.00.00.0−0.00.00.00.00.00.00.00.00.0
Net income $B−0.0−0.1−0.00.10.1−0.10.10.10.1−0.00.10.10.00.00.00.00.0−0.0
Free cash flow $B−0.1−0.00.00.1−0.00.10.10.10.10.20.10.00.10.00.00.00.00.1
EPS, diluted $−1.61−4.17−0.451.861.74−4.011.611.631.34−0.371.711.591.110.840.730.460.20−0.10
Dividend / sh $◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌
Payout % — not applicable: no dividend——————————————————
ROE %−16.3−32.5−3.012.613.3−26.710.411.510.3−2.914.215.212.410.710.26.63.2−1.5
Shares out B0.030.030.030.030.030.040.040.040.040.040.040.040.040.040.040.040.04◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

More in this sector

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Provenance

Company facts, as filed

How we verify · 0 failures in 88 reconciliationsAUDITED

Reconciled in 18 of the 18 fiscal years we could check. Four checks were skipped: the balance sheet is not tagged before 2009. One check was skipped: EPS is not tagged before 2008. One check was skipped: revenue is not tagged before 2008.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityServices-Help Supply Services
Listed onNYSE
Incorporated inWashington
Fiscal year endsDecember 27
SEC categorysmaller reporting company
Data on record since2008

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