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TrueBlue Inc (TBI)



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Upturn Advisory Summary
06/27/2025: TBI (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Year Target Price $8.33
Year Target Price $8.33
1 | Strong Buy |
1 | Buy |
1 | Hold |
0 | Under performing |
0 | Sell |
Analysis of Past Performance
Type Stock | Historic Profit -50.03% | Avg. Invested days 23 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 198.89M USD | Price to earnings Ratio - | 1Y Target Price 8.33 |
Price to earnings Ratio - | 1Y Target Price 8.33 | ||
Volume (30-day avg) - | Beta 1.52 | 52 Weeks Range 3.45 - 12.29 | Updated Date 06/29/2025 |
52 Weeks Range 3.45 - 12.29 | Updated Date 06/29/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -4.6 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin -9.02% | Operating Margin (TTM) -3.81% |
Management Effectiveness
Return on Assets (TTM) -3.31% | Return on Equity (TTM) -36.98% |
Valuation
Trailing PE - | Forward PE 56.18 | Enterprise Value 291054399 | Price to Sales(TTM) 0.13 |
Enterprise Value 291054399 | Price to Sales(TTM) 0.13 | ||
Enterprise Value to Revenue 0.19 | Enterprise Value to EBITDA 175.3 | Shares Outstanding 29864000 | Shares Floating 27487744 |
Shares Outstanding 29864000 | Shares Floating 27487744 | ||
Percent Insiders 4.78 | Percent Institutions 95.75 |
Analyst Ratings
Rating 4 | Target Price 8.33 | 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 1985 as Labor Ready. It initially focused on providing temporary manual labor and has since expanded into a comprehensive staffing solutions provider through organic growth and acquisitions.
Core Business Areas
- PeopleReady: Provides on-demand staffing solutions, connecting workers with jobs in various industries, including construction, manufacturing, and hospitality.
- PeopleManagement: Offers outsourced workforce management solutions, including contingent staffing, recruitment process outsourcing (RPO), and vendor management services (VMS).
- PeopleScout: A global provider of RPO and talent advisory services.
- Simos Insourcing Solutions: Provides comprehensive outsourced solutions for manufacturing and logistics environments.
Leadership and Structure
TrueBlue is led by a CEO and a senior management team. The company operates with a hierarchical organizational structure, with each business segment having its own leadership and reporting lines.
Top Products and Market Share
Key Offerings
- On-Demand Staffing (PeopleReady): Provides temporary staffing solutions across various industries. Market share data is fragmented and varies by geography and industry, making a single overall figure difficult to ascertain. Competitors include Adecco (AHEXY), ManpowerGroup (MAN), Kelly Services (KELYA, KELYB), and Robert Half (RHI).
- RPO (PeopleScout): Offers recruitment process outsourcing services, handling all or part of a company's recruiting needs. Market share is estimated around single digits with primary competitors being Korn Ferry(KFY), Randstad(RAND.AS) and ManpowerGroup(MAN).
Market Dynamics
Industry Overview
The staffing industry is highly competitive and cyclical, influenced by economic conditions. Demand for temporary staffing fluctuates with employment rates and business activity.
Positioning
TrueBlue is positioned as a comprehensive staffing solutions provider, offering a range of services from on-demand labor to outsourced workforce management. Its competitive advantages include its established network, diverse service offerings, and scale.
Total Addressable Market (TAM)
The global staffing market is estimated to be hundreds of billions of dollars annually. TrueBlue is positioned to capture a fraction of this TAM through its various service offerings, competing with larger and more specialized firms.
Upturn SWOT Analysis
Strengths
- Diversified service offerings
- Large network of workers and clients
- Established brand reputation
- Scalable business model
- Experience in multiple industries
Weaknesses
- Sensitivity to economic cycles
- Reliance on temporary staffing
- High employee turnover
- Variable margins based on industry and labor type
- Competitive industry with many small players
Opportunities
- Expanding into new geographic markets
- Increasing demand for flexible staffing solutions
- Adoption of technology to improve efficiency
- Growing demand for skilled trades
- Leveraging data analytics to optimize workforce management
Threats
- Economic downturns
- Increased competition
- Changes in labor laws and regulations
- Automation reducing demand for manual labor
- Rising labor costs
Competitors and Market Share
Key Competitors
- MAN
- RHI
- KFY
- AHEXY
Competitive Landscape
TrueBlue competes with larger staffing firms and smaller, specialized agencies. Its strengths lie in its diversified service offerings and established network, while its weaknesses include sensitivity to economic cycles.
Major Acquisitions
Centerline Drivers
- Year: 2014
- Acquisition Price (USD millions): 160
- Strategic Rationale: Expanded TrueBlue's presence in the transportation staffing market.
Growth Trajectory and Initiatives
Historical Growth: TrueBlue's growth has been influenced by economic cycles and strategic acquisitions. Revenue growth has varied over the years.
Future Projections: Analyst estimates suggest moderate revenue growth in the coming years, driven by demand for flexible staffing solutions.
Recent Initiatives: Recent initiatives include investments in technology and expansion of service offerings, as well as cost optimization efforts.
Summary
TrueBlue is a comprehensive staffing solutions provider operating in a cyclical industry. Its diversified services and established network are strengths. However, it faces economic sensitivity and intense competition. Its future depends on navigating market dynamics and leveraging technology.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company SEC Filings
- Industry Reports
- Analyst Estimates
Disclaimers:
This analysis is for informational purposes only and should not be considered investment advice. Data may be 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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