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TrueBlue Inc (TBI)



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Upturn Advisory Summary
03/06/2025: TBI (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type Stock | Historic Profit -71.69% | Avg. Invested days 20 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 166.07M USD | Price to earnings Ratio - | 1Y Target Price 10.67 |
Price to earnings Ratio - | 1Y Target Price 10.67 | ||
Volume (30-day avg) 179461 | Beta 1.35 | 52 Weeks Range 5.07 - 12.29 | Updated Date 03/31/2025 |
52 Weeks Range 5.07 - 12.29 | Updated Date 03/31/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -3.96 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin -8.02% | Operating Margin (TTM) -3.43% |
Management Effectiveness
Return on Assets (TTM) -3.39% | Return on Equity (TTM) -32.53% |
Valuation
Trailing PE - | Forward PE 56.18 | Enterprise Value 210062942 | Price to Sales(TTM) 0.11 |
Enterprise Value 210062942 | Price to Sales(TTM) 0.11 | ||
Enterprise Value to Revenue 0.13 | Enterprise Value to EBITDA 175.3 | Shares Outstanding 29707900 | Shares Floating 27002366 |
Shares Outstanding 29707900 | Shares Floating 27002366 | ||
Percent Insiders 6.49 | Percent Institutions 98.97 |
Analyst Ratings
Rating 4 | Target Price 11.67 | Buy 1 | Strong Buy 1 |
Buy 1 | Strong Buy 1 | ||
Hold 1 | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
TrueBlue Inc

Company Overview
History and Background
TrueBlue Inc. was founded in 1989 as Labor Ready, a temporary staffing agency. It has grown through acquisitions and organic expansion to become a leading provider of specialized workforce solutions.
Core Business Areas
- PeopleReady: Provides on-demand, temporary staffing for a wide range of industries, including construction, manufacturing, retail, and hospitality. This segment contributes the largest percentage of the companyu2019s total revenue.
- PeopleManagement: Offers contingent staffing, outsourcing, and recruitment process outsourcing (RPO) services to businesses looking to manage their workforce more efficiently. They provide support for large volume recruiting, employee assessments and training.
- PeopleScout: Provides global recruitment process outsourcing (RPO) solutions. This segment focuses on long-term workforce planning and talent acquisition strategies.
Leadership and Structure
Patrick Beharelle served as CEO until March 2023. Taryn Owen is the current President and CEO. The company operates with a hierarchical structure, divided into business units, each with its own leadership team.
Top Products and Market Share
Key Offerings
- On-Demand Staffing (PeopleReady): Provides temporary workers for various industries. Revenue contributed mostly from this segment. Competitors include: ManpowerGroup (MAN), Robert Half International (RHI).
- Contingent Workforce Management (PeopleManagement): Helps companies manage temporary staffing needs through outsourcing. Competitors include: Allegis Group, Randstad (RAND.AS).
- Recruitment Process Outsourcing (PeopleScout): Offers outsourced recruitment solutions, including sourcing, screening, and hiring. Competitors include: Korn Ferry (KFY), ManpowerGroup (MAN).
Market Dynamics
Industry Overview
The staffing industry is cyclical, heavily influenced by economic conditions. It is a fragmented industry with numerous local and national players.
Positioning
TrueBlue positions itself as a specialized workforce solutions provider, focusing on industries with high turnover and fluctuating demand. Their competitive advantage lies in their scale and geographic reach.
Total Addressable Market (TAM)
The global staffing market is estimated to be in the hundreds of billions of dollars. TrueBlue focuses on specific segments within this broader market, addressing a significant portion of the TAM. However, exact TAM figures are hard to predict.
Upturn SWOT Analysis
Strengths
- Large scale and geographic reach
- Diversified service offerings
- Established relationships with clients
- Technology-driven platform for workforce management
Weaknesses
- Dependence on economic cycles
- High employee turnover in temporary staffing roles
- Exposure to worker compensation and legal claims
- Reputational risk associated with labor practices
Opportunities
- Expanding into new geographic markets
- Developing specialized staffing solutions for emerging industries
- Leveraging technology to improve efficiency and service delivery
- Acquiring smaller staffing firms
Threats
- Economic downturns reducing demand for staffing services
- Increasing competition from online staffing platforms
- Changes in labor laws and regulations
- Automation and technological advancements potentially displacing temporary workers
Competitors and Market Share
Key Competitors
- MAN
- RHI
- KFY
- RAND.AS
Competitive Landscape
TrueBlue competes with larger staffing firms on a global scale and smaller, specialized firms on a regional level. Their focus on specific industries and technology investments gives them an edge, but they are vulnerable to economic downturns.
Major Acquisitions
SIMOS Insourcing Solutions
- Year: 2017
- Acquisition Price (USD millions): 130
- Strategic Rationale: Expanded PeopleManagement segment by adding on-site management of large contingent workforces.
Growth Trajectory and Initiatives
Historical Growth: TrueBlue's growth has been a mix of organic expansion and acquisitions. Economic cycles significantly impact their revenue.
Future Projections: Analyst projections are dynamic and vary. Refer to financial news sources for current estimates of TrueBlue's future growth.
Recent Initiatives: Recent initiatives include investments in technology to enhance their staffing platform and expansion into new service areas.
Summary
TrueBlue is a sizable workforce solutions provider with diversified services but is vulnerable to economic cycles. Their technology investments and strategic acquisitions position them for growth. They need to manage labor costs and legal risks effectively to stay competitive. Fluctuations in the global economy remains a key factor for the companyu2019s revenue stream and is not something it can control.
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Sources and Disclaimers
Data Sources:
- Company Website
- SEC Filings
- Yahoo Finance
- Analyst Reports
Disclaimers:
This analysis is based on publicly available information and is for informational purposes only. It does not constitute financial advice. Market share data is approximate.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About TrueBlue Inc
Exchange NYSE | Headquaters Tacoma, WA, United States | ||
IPO Launch date 1996-06-13 | CEO, President & Director Ms. Taryn R. Owen | ||
Sector Industrials | Industry Staffing & Employment Services | Full time employees 4200 | Website https://www.trueblue.com |
Full time employees 4200 | Website https://www.trueblue.com |
TrueBlue, Inc., together with its subsidiaries, provides specialized workforce solutions in the United States, Canada, the United Kingdom, Australia, and Puerto Rico. It operates through three segments: PeopleReady, PeopleManagement, and PeopleScout. The PeopleReady segment provides general, industrial, and skilled trade contingent staffing services for construction, transportation, manufacturing, retail, hospitality, and energy industries. The PeopleManagement segment offers contingent, on-site industrial staffing, and commercial driver services, which includes on-site management and recruitment for the contingent industrial workforce of manufacturing, warehousing, and distribution facilities; and recruitment and management of contingent and dedicated commercial drivers to the transportation and distribution industries under the Staff Management, SIMOS Insourcing Solutions, and Centerline Drivers brands. The PeopleScout segment provides recruitment process outsourcing, talent advisory services, and managed service provider solutions including sourcing, screening, hiring, and onboarding services; operates Affinix, a technology platform for sourcing, screening, and delivering a permanent workforce to its clients; talent advisory solutions, such as employer branding, recruitment marketing, talent insights, candidate assessment, and talent acquisition strategy consulting services; and contingent labor programs, including vendor selection, performance management, compliance monitoring, and risk management. The company was formerly known as Labor Ready, Inc. and changed its name to TrueBlue, Inc. in December 2007. The company was incorporated in 1985 and is headquartered in Tacoma, Washington.
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