TrueBlue Inc logo

TrueBlue Inc(TBI)

upturn advisory logo
EXPLORE ADVISORIES AND THEIR HISTORY
QUALITY SIGNAL RECENCY
1-STAR RATING
Consider higher Upturn Star rating
BUY for 3 days
PROFIT SINCE LAST BUY
+4.36% ▲
LAST CLOSE
$12.68
11/10/2026
(24-hour delay)

Advisory History & Simulated Performance *

*as per simulation (see disclosures)
  • ALL
  • 1Y
  • 1M
  • 1W
  • BUY Advisory
  • SELL Advisory (Profit)
  • SELL Advisory (Loss)
  • Profit
  • Loss
  • PASS (Skip)
Upturn Stock price based on last close iconStock price based on last close
Simulated performance—not actual client returns. Excludes advisory subscription fees, trading commissions, and taxes, which would reduce returns. Results depend on calculation assumptions and do not guarantee future outcomes. See Disclosures for full methodology, assumptions, and limitations.

Advisory Performance History (Simulated)Advisory Performance History info

Simulated performance—not actual client returns. Excludes advisory subscription fees, trading commissions, and taxes, which would reduce returns. Results depend on calculation assumptions and do not guarantee future outcomes. See Disclosures for full methodology, assumptions, and limitations.

Upturn Advisory & Investor View for TBI

11/10/2026: TBI (1-star) has a low Upturn Star Rating. Not recommended to BUY.

TrueBlue Inc is a provider of specialized workforce solutions, focusing on industrial and blue-collar staffing through its PeopleReady and PeopleManagement brands. The company's strengths include a wide geographic footprint and an established track record in industrial labor services. Its primary growth opportunity lies in the digital transformation of its staffing platforms to increase matching efficiency. However, the company faces risks from macroeconomic sensitivity, intense competition from digital-first platforms, and margin pressures. It may suit investors looking for exposure to industrial sector labor trends, though it is not a traditional income stock. Monitoring the company's success in navigating labor supply shifts and economic cycles is essential.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorMixed fitGrowth is tied to economic cycles rather than consistent, high-velocity expansion.
Momentum investorWeak fitThe stock lacks sustained, strong price momentum, making it a conditional fit only during industrial upturns.
Value investorMixed fitValuation may appear attractive during cycle troughs, but earnings volatility complicates the thesis.
Dividend investorWeak fitThe company does not emphasize consistent dividend payments for income seekers.
Low-risk investorWeak fitHigh sensitivity to macroeconomic shifts creates elevated price volatility.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityMedium / highCyclical nature of industrial staffing leads to significant stock price swings.
Valuation riskMediumValuation is heavily dependent on future growth expectations in a competitive labor market.
Competition risk (Staffing platforms)HighDigital-first job platforms continue to disrupt traditional agency-based staffing models.
Business qualityMediumThe business relies on labor volume, which is vulnerable to automation and economic cooling.
Dividend incomeLowThe company provides minimal income support for shareholders.
Execution riskMediumIntegrating digital tools effectively while managing operational costs is critical for margins.

Price Behavior

Strong Uptrend
PRICE PATH

Strong Uptrend

The stock has maintained a strong upward price trend across the last three quarters.

Extreme Price Shocks
PRICE STABILITY

Extreme Price Shocks

The stock has experienced exceptionally large and disruptive price movements during the period.

Analysis of Past Performance

Type Stock
Historic Profit -16.33%
Avg. Invested days 27
Today’s Advisory Consider higher Upturn Star rating
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 2.0
Stock Returns Performance Upturn Returns Performance icon 1.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 11/10/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
TBI receives a 3-star rating based on the available scored pillars. The rating is constrained by weak unit economics.

Company Fundamentals

★★★★★
TBI has moderate overall fundamentals (3 stars), with soft financial health, moderate growth momentum, and strong ownership. In FY2025 versus FY2024, strong earnings growth (+61.9%) is partially offset by weak cash generation (FCF margin -4.6%), moderate revenue growth (+3.1%), weak profitability (net margin -3.0%).

Financial Health Rating

★★★★★
TBI's financial health is soft, with the relatively strongest area being moderate liquidity, including working-capital and asset support (WC/assets 24.9%). Profitability is weak (1 stars), which helps explain the 2-star overall score.

Growth Momentum Score

★★★★★
Earnings growth is TBI's strongest growth driver at +61.9% FY2025 versus FY2024 (strong, 5 stars). By comparison, while revenue growth (+3.1%, moderate) and free-cash-flow growth (-78.9%, negative) hold the profile back, so recent growth is not broad-based across the business.

Ownership

★★★★★
Institutional ownership is 86.3% and approximately 91.4% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership of 7.73% supports management-shareholder alignment.

Top 5 Institutional Investors

Pzena Investment Management, LLC 10.14%
Royce & Associates, LP 9.16%
Boston Partners Global Investors, Inc 8.13%
BlackRock Inc 7.32%
IES Holdings Inc 4.22%

Unit Economics (Per $1K Revenue)

★★★★★
TBI generates approximately $212 of gross profit, $-17 of operating income, and $-46 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Operating losses and cash burn explain the 1-star rating, with weak cash conversion and weak capital efficiency.

Economic Dimensions

★★★★★
Effective Tax Rate: -5.10% (Tax Credit)

Quantitative Style Profile

★★★★★
TBI has a liquid profile. Valuation that is moderately attractive rather than deeply discounted is the primary drawback, while elevated volatility.

Style Classification

Quality Focused

Momentum LeaderHigh VolatilitySmall / Mid Cap RiskHighly Liquid / Institution-Friendly

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 370.39M USD
Price to earnings Ratio -
1Y Target Price 14.5
Price to earnings Ratio -
1Y Target Price 14.5
Volume (30-day avg) 269.5K shares
Beta 1.74
52 Weeks Range 3.18 - 13.59
Updated Date 11/09/2026
52 Weeks Range 3.18 - 13.59
Updated Date 11/09/2026
Dividends yield (FY) -
Basic EPS (TTM) -1.52

How Company Makes Money

Business areaWhat it includesRetail investor read
PeopleReadyOn-demand blue-collar labor staffing for construction and industrial clients.Revenue is earned from the service fees charged for providing temporary workers to fill immediate gaps.
PeopleManagementManaged onsite staffing solutions for manufacturing and distribution facilities.Revenue comes from long-term contracts managing the workforce of large industrial companies.

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 2026-11-04
When After Market
Estimate 0.21
Actual 0.33

Profitability

Profit Margin -2.55%
Operating Margin (TTM) 2.3%

Management Effectiveness

Return on Assets (TTM) -1.12%
Return on Equity (TTM) -15.92%

Valuation

Trailing PE -
Forward PE 13.81
Enterprise Value 506.18M
Price to Sales(TTM) 0.21
Enterprise Value 506.18M
Price to Sales(TTM) 0.21
Enterprise Value to Revenue 0.28
Enterprise Value to EBITDA 31.09
Shares Outstanding 30.48M
Shares Floating 27.85M
Shares Outstanding 30.48M
Shares Floating 27.85M
Percent Insiders 7.73
Percent Institutions 86.28

Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

Form CRS provides a relationship summary of our automated advisory services, flat subscription fees, and conflicts of interest. Form ADV Part 2A brochure contains complete details on services, billing, and disclosures. If any summary differs from our current regulatory filings, the filed Form ADV controls.