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TrueBlue Inc (TBI)



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Upturn Advisory Summary
08/14/2025: TBI (1-star) is currently NOT-A-BUY. Pass it for now.
1 Year Target Price $8.67
1 Year Target Price $8.67
1 | Strong Buy |
1 | Buy |
1 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -61.69% | Avg. Invested days 22 | 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 172.23M USD | Price to earnings Ratio - | 1Y Target Price 8.67 |
Price to earnings Ratio - | 1Y Target Price 8.67 | ||
Volume (30-day avg) 3 | Beta 1.56 | 52 Weeks Range 3.45 - 9.05 | Updated Date 08/15/2025 |
52 Weeks Range 3.45 - 9.05 | Updated Date 08/15/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -1.2 |
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 2025-08-04 | When - | Estimate -0.1 | Actual -0.07 |
Profitability
Profit Margin -2.2% | Operating Margin (TTM) -2.02% |
Management Effectiveness
Return on Assets (TTM) -3.72% | Return on Equity (TTM) -10.53% |
Valuation
Trailing PE - | Forward PE 56.18 | Enterprise Value 260429999 | Price to Sales(TTM) 0.11 |
Enterprise Value 260429999 | Price to Sales(TTM) 0.11 | ||
Enterprise Value to Revenue 0.17 | Enterprise Value to EBITDA 175.3 | Shares Outstanding 29900900 | Shares Floating 29116867 |
Shares Outstanding 29900900 | Shares Floating 29116867 | ||
Percent Insiders 4.78 | Percent Institutions 94.16 |
Upturn AI SWOT
TrueBlue Inc

Company Overview
History and Background
TrueBlue Inc. (TBI) was founded in 1985 as Labor Ready. It initially focused on providing temporary blue-collar staffing services. Over time, it expanded its service offerings and rebranded as TrueBlue in 2008 to reflect its broader scope.
Core Business Areas
- PeopleReady: Provides on-demand labor for construction, manufacturing, warehousing, and other industries.
- PeopleManagement: Offers workforce management solutions, including contingent staffing, outsourcing, and recruitment process outsourcing (RPO).
- PeopleScout: A global leader in RPO, managing talent acquisition programs for large organizations.
- Simos Solutions: Provides managed services and on-site staffing for manufacturing and logistics companies.
Leadership and Structure
The leadership team is headed by Taryn Owen as President and CEO. The organizational structure is divisional, aligned with its core business areas, each with dedicated management teams.
Top Products and Market Share
Key Offerings
- On-Demand Staffing (PeopleReady): Provides temporary workers for various industries. Market share is difficult to pinpoint exactly but estimated around 5-7% of the fragmented temporary staffing market. Competitors: ManpowerGroup, Robert Half, Kelly Services.
- Recruitment Process Outsourcing (PeopleScout): Manages the recruiting process for large clients. Competitors: Korn Ferry, Allegis Global Solutions, Randstad Sourceright. Revenue is difficult to pinpoint specifically, but contributes a significant portion to PeopleManagement segment.
- Managed Services (Simos Solutions): Provides on-site staffing and management solutions for manufacturing and logistics. Competitors: Staff Management | SMX, ResourceMFG.
Market Dynamics
Industry Overview
The staffing industry is cyclical, influenced by economic conditions. Demand for temporary and contingent workers fluctuates with GDP growth, employment rates, and business confidence. Growing need for flexible staffing solutions.
Positioning
TrueBlue is positioned as a provider of workforce solutions, focusing on both blue-collar and white-collar staffing, along with RPO and managed services. Its competitive advantages include its national presence, diverse service offerings, and technology-enabled platform.
Total Addressable Market (TAM)
The global staffing market is estimated to be hundreds of billions of dollars. TrueBlue is positioned to capture a share of this TAM through its various service offerings, particularly in the RPO and blue-collar staffing segments.
Upturn SWOT Analysis
Strengths
- Diverse service offerings (staffing, RPO, managed services)
- National presence
- Technology-enabled platform
- Strong brand recognition in the blue-collar staffing market
- Established client relationships
Weaknesses
- Cyclical business model
- Dependence on economic conditions
- Potential for worker misclassification lawsuits
- Highly competitive industry
- Profit margins may be affected by wage inflation.
Opportunities
- Expansion into new geographic markets
- Increased adoption of RPO by large enterprises
- Growth in the gig economy and demand for flexible staffing solutions
- Leveraging technology to improve efficiency and candidate matching
- Acquisition of complementary businesses
Threats
- Economic downturns
- Increased competition from online staffing platforms
- Changes in labor laws and regulations
- Automation and technological advancements that could reduce demand for certain jobs
- Wage pressures and rising labor costs
Competitors and Market Share
Key Competitors
- MAN
- KFR
- RHH
- TKECY
Competitive Landscape
TrueBlue faces strong competition from larger staffing companies and niche players. Its advantages include its diverse service offerings and national presence. Disadvantages: Smaller market capitalization as compared to competitors.
Major Acquisitions
Centerline Drivers
- Year: 2015
- Acquisition Price (USD millions): 92
- Strategic Rationale: Expanded TrueBlue's presence in the commercial driving staffing market.
Growth Trajectory and Initiatives
Historical Growth: TrueBlue's growth has been driven by organic expansion and acquisitions. Growth trends reflect the cyclical nature of the staffing industry.
Future Projections: Analyst estimates for TrueBlue's future growth vary. Projections can be found on financial news websites and research reports.
Recent Initiatives: Recent initiatives include investments in technology, expansion of RPO services, and strategic acquisitions.
Summary
TrueBlue operates in a cyclical industry but benefits from diverse service offerings. Strong brand recognition and national presence are assets. Economic downturns, wage pressures, and automation are ongoing threats. Strategic acquisitions and technology investments will drive future growth and profitability.
Peer Comparison
Sources and Disclaimers
Data Sources:
- TrueBlue Investor Relations
- SEC Filings
- Yahoo Finance
- MarketWatch
- Company websites
Disclaimers:
This analysis is for informational purposes only and should not be considered investment advice. Market share data is estimated and may not be precise. Financial data and projections are subject to change.
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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