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TrueBlue, Inc.

TBI Clue Score29
United States Fiscal year ends December CIK 0000768899
$8.87 -3.17% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $8.87 −72.09% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2017Revenue2,750.6Operating income−17.0Net income−15.3EPS, diluted−0.37Fiscal year 2017Revenue2,508.8 −8.8%Operating income77.6Net income55.5EPS, diluted1.34Fiscal year 2018Revenue2,499.2 −0.4%Operating income73.9Net income65.8 +18.6%EPS, diluted1.63 +21.6%Fiscal year 2019Revenue2,368.8 −5.2%Operating income66.2Net income63.1 −4.1%EPS, diluted1.61 −1.2%Fiscal year 2020Revenue1,846.4 −22.1%Operating income−174.9Net income−141.8 −324.9%EPS, diluted−4.01 −349.1%Fiscal year 2021Revenue2,173.6 +17.7%Operating income68.4Net income61.6EPS, diluted1.74Fiscal year 2022Revenue2,254.2 +3.7%Operating income72.2Net income62.3 +1.0%EPS, diluted1.86 +6.9%Fiscal year 2023Revenue1,906.2 −15.4%Operating income−23.9Net income−14.2 −122.8%EPS, diluted−0.45 −124.2%Fiscal year 2024Revenue1,567.4 −17.8%Operating income−92.8Net income−125.7EPS, diluted−4.17Fiscal year 2025Revenue1,616.0 +3.1%Operating income−46.6Net income−48.0EPS, diluted−1.61
FY2017FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 2,750.6 2,508.8 2,499.2 2,368.8 1,846.4 2,173.6 2,254.2 1,906.2 1,567.4 1,616.0
Growth −8.8% −0.4% −5.2% −22.1% +17.7% +3.7% −15.4% −17.8% +3.1%
Operating income −17.0 77.6 73.9 66.2 −174.9 68.4 72.2 −23.9 −92.8 −46.6
Net income −15.3 55.5 65.8 63.1 −141.8 61.6 62.3 −14.2 −125.7 −48.0
Growth +18.6% −4.1% −324.9% +1.0% −122.8%
EPS, diluted −0.37 1.34 1.63 1.61 −4.01 1.74 1.86 −0.45 −4.17 −1.61
Growth +21.6% −1.2% −349.1% +6.9% −124.2%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2017Gross margin24.7%Operating margin−0.6%Net margin−0.6%Free cash flow margin8.4%Fiscal year 2017Gross margin25.3%Operating margin3.1%Net margin2.2%Free cash flow margin3.1%Fiscal year 2018Gross margin26.2%Operating margin3.0%Net margin2.6%Free cash flow margin4.3%Fiscal year 2019Gross margin26.2%Operating margin2.8%Net margin2.7%Free cash flow margin2.8%Fiscal year 2020Gross margin23.9%Operating margin−9.5%Net margin−7.7%Free cash flow margin6.8%Fiscal year 2021Gross margin25.8%Operating margin3.1%Net margin2.8%Free cash flow margin−0.7%Fiscal year 2022Gross margin26.7%Operating margin3.2%Net margin2.8%Free cash flow margin4.0%Fiscal year 2023Gross margin26.5%Operating margin−1.3%Net margin−0.7%Free cash flow margin0.2%Fiscal year 2024Gross margin25.9%Operating margin−5.9%Net margin−8.0%Free cash flow margin−2.6%Fiscal year 2025Gross margin22.8%Operating margin−2.9%Net margin−3.0%Free cash flow margin−4.6%
FY2017FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 24.7% 25.3% 26.2% 26.2% 23.9% 25.8% 26.7% 26.5% 25.9% 22.8%
Operating margin −0.6% 3.1% 3.0% 2.8% −9.5% 3.1% 3.2% −1.3% −5.9% −2.9%
Net margin −0.6% 2.2% 2.6% 2.7% −7.7% 2.8% 2.8% −0.7% −8.0% −3.0%
Free cash flow margin 8.4% 3.1% 4.3% 2.8% 6.8% −0.7% 4.0% 0.2% −2.6% −4.6%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2017Operating cash flow260.7Capital expenditure−29.0Free cash flow231.7Buybacks−5.7Fiscal year 2017Operating cash flow100.1Capital expenditure−22.0Free cash flow78.2 −66.3%Buybacks−36.7Fiscal year 2018Operating cash flow125.7Capital expenditure−17.1Free cash flow108.6 +39.0%Buybacks−34.8Fiscal year 2019Operating cash flow93.5Capital expenditure−28.1Free cash flow65.4 −39.8%Buybacks−38.8Fiscal year 2020Operating cash flow152.5Capital expenditure−27.1Free cash flow125.5 +91.8%Buybacks−52.3Fiscal year 2021Operating cash flow20.4Capital expenditure−35.0Free cash flow−14.6 −111.6%Buybacks−16.7Fiscal year 2022Operating cash flow120.5Capital expenditure−30.6Free cash flow89.9Buybacks−60.9Fiscal year 2023Operating cash flow34.8Capital expenditure−31.3Free cash flow3.5 −96.1%Buybacks−34.2Fiscal year 2024Operating cash flow−17.1Capital expenditure−24.2Free cash flow−41.2 −1,284.8%Buybacks−21.3Fiscal year 2025Operating cash flow−58.0Capital expenditure−15.7Free cash flow−73.7Buybacks0.0
FY2017FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 260.7 100.1 125.7 93.5 152.5 20.4 120.5 34.8 −17.1 −58.0
Capital expenditure −29.0 −22.0 −17.1 −28.1 −27.1 −35.0 −30.6 −31.3 −24.2 −15.7
Free cash flow 231.7 78.2 108.6 65.4 125.5 −14.6 89.9 3.5 −41.2 −73.7
Growth −66.3% +39.0% −39.8% +91.8% −111.6% −96.1% −1,284.8%
Buybacks −5.7 −36.7 −34.8 −38.8 −52.3 −16.7 −60.9 −34.2 −21.3 0.0

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2017Cash35.0Total debt137.6Net cash (debt)−102.7Shareholders’ equity525.2Debt to equity0.26Fiscal year 2017Cash28.8Total debt116.5Net cash (debt)−87.7Shareholders’ equity554.8Debt to equity0.21Fiscal year 2018Cash47.0Total debt80.0Net cash (debt)−33.0Shareholders’ equity591.4Debt to equity0.14Fiscal year 2019Cash37.6Total debt37.1Net cash (debt)0.5Shareholders’ equity626.0Debt to equity0.06Fiscal year 2020Cash62.5Total debt0.0Net cash (debt)62.5Shareholders’ equity437.2Debt to equity0.00Fiscal year 2021Cash49.9Total debt0.0Net cash (debt)49.9Shareholders’ equity493.1Debt to equity0.00Fiscal year 2022Cash72.1Shareholders’ equity496.3Fiscal year 2023Cash61.9Total debt0.0Net cash (debt)61.9Shareholders’ equity457.9Debt to equity0.00Fiscal year 2024Cash22.5Total debt7.6Net cash (debt)14.9Shareholders’ equity315.4Debt to equity0.02Fiscal year 2025Cash24.5Total debt65.8Net cash (debt)−41.3Shareholders’ equity274.6Debt to equity0.24
FY2017FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 35.0 28.8 47.0 37.6 62.5 49.9 72.1 61.9 22.5 24.5
Total debt 137.6 116.5 80.0 37.1 0.0 0.0 n/a 0.0 7.6 65.8
Net cash (debt) −102.7 −87.7 −33.0 0.5 62.5 49.9 n/a 61.9 14.9 −41.3
Shareholders’ equity 525.2 554.8 591.4 626.0 437.2 493.1 496.3 457.9 315.4 274.6
Debt to equity 0.26 0.21 0.14 0.06 0.00 0.00 n/a 0.00 0.02 0.24

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2017 1 Jan 2017 FY2017 31 Dec 2017 FY2018 30 Dec 2018 FY2019 29 Dec 2019 FY2020 27 Dec 2020 FY2021 26 Dec 2021 FY2022 25 Dec 2022 FY2023 31 Dec 2023 FY2024 29 Dec 2024 FY2025 28 Dec 2025
Revenue and profit
2,750.6 2,508.8 2,499.2 2,368.8 1,846.4 2,173.6 2,254.2 1,906.2 1,567.4 1,616.0
Growth −8.8% −0.4% −5.2% −22.1% +17.7% +3.7% −15.4% −17.8% +3.1%
2,070.9 1,874.3 1,843.8 1,748.8 1,405.7 1,613.3 1,652.0 1,400.2 1,161.0 1,248.2
679.7 634.5 655.4 619.9 440.6 560.3 602.1 506.1 406.4 367.8
Growth −6.7% +3.3% −5.4% −28.9% +27.2% +7.5% −16.0% −19.7% −9.5%
546.5 510.8 540.5 516.2 408.3 464.3 500.7 494.6 410.9 371.1
−17.0 77.6 73.9 66.2 −174.9 68.4 72.2 −23.9 −92.8 −46.6
Growth −4.7% −10.5% −364.3% +5.5% −133.0%
−20.3 77.6 75.7 70.0 −173.3 73.9 73.4 −20.6 −88.5 −45.6
−5.1 22.1 9.9 7.0 −31.4 12.2 11.1 −6.5 37.2 2.3
−15.3 55.5 65.8 63.1 −141.8 61.6 62.3 −14.2 −125.7 −48.0
Growth +18.6% −4.1% −324.9% +1.0% −122.8%
Per share
−0.37 1.35 1.64 1.63 −4.01 1.77 1.89 −0.45 −4.17 −1.61
−0.37 1.34 1.63 1.61 −4.01 1.74 1.86 −0.45 −4.17 −1.61
Growth +21.6% −1.2% −349.1% +6.9% −124.2%
41.6 41.2 40.0 38.8 35.4 34.8 32.9 31.3 30.2 29.8
41.6 41.4 40.3 39.2 35.4 35.4 33.4 31.3 30.2 29.8
Growth −0.5% −2.8% −2.7% −9.7% +0.2% −5.6% −6.4% −3.6% −1.1%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue shrank 2.6% a year over five years.
  • The diluted share count fell 15.6% in five years, so buybacks did some of the work per share.
  • Operating margin is up 6.6 points on five years ago, at -2.9%.
  • A net loss in 5 of 10 years on file.