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NYSE · Industrials

TrueBlue, Inc. (TBI)

As-reported financials and SEC filings for TrueBlue, Inc. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About TrueBlue, Inc.

TrueBlue, Inc. provides specialized workforce solutions that connect employers with talent across various industries. The company operates through three segments: PeopleReady, which offers on-demand general and skilled labor; PeopleManagement, which manages contingent associates and commercial drivers for industrial and transportation clients; and PeopleSolutions, which delivers professional talent acquisition, recruitment process outsourcing, and healthcare staffing services primarily in the U.S., Canada, the UK, and Australia. TrueBlue serves approximately 53,000 clients and connects around 291,000 workers with job opportunities annually.

Snapshot

Revenue
$1.62B
Revenue growth (YoY)
3.1%
Net income
$-48.0M
Diluted EPS
$-1.61
Gross margin
22.8%
Operating margin
-2.9%
Net margin
-3.0%
FCF margin
-4.6%
ROE
-17.5%
net income / fiscal-year-end equity
P/E
n/m
not meaningful: a reported loss in the fiscal year or the trailing twelve months
Market cap
$270.0M
Long-term debt / equity
0.24×
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 28, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at TrueBlue

  • Revenue grew 3.1% to $1.6B in FY2025, after a 17.8% decline the year before.
  • Operating margin is now a 2.9% loss in FY2025, from 3.1% in FY2021.
  • Most recent quarter Q2 FY2026: revenue $443M, up 11.8% from Q2 FY2025.
  • Free cash flow was negative $74M in FY2025.
  • Net loss narrowed to $48M in FY2025, from $126M in FY2024.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where TrueBlue’s fundamentals sit among the 668 Industrials companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Gross margin22.8%
37th percentile of 455
Operating margin-2.9%
23rd percentile of 598
Net margin-3.0%
23rd percentile of 630
FCF margin-4.6%
18th percentile of 546
Revenue growth (YoY)+3.1%
43rd percentile of 652
ROE-17.5%
17th percentile of 590
Long-term debt / equity0.24×
30th percentile of 403
Short interest2.16d
30th percentile of 661

No reported insider transactions (codes P/S) in the last 90 days. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 4 quant / multi-strat books among the superinvestors we track; no conviction manager currently reports a position.

Conviction investors
0
+4 quant / multi-strat
Initiated / added
1
0 new, 1 added
Reduced / exited
5
3 trimmed, 2 exited
Combined position
$7.8M
reported long value
InvestorAs ofPosition valueSharesChange
D. E. ShawquantQ2 2026$4.2M607.6KReduced
AQR Capital ManagementquantQ2 2026$1.6M232.9KAdded
Renaissance TechnologiesquantQ2 2026$1.2M172.5KReduced
Two Sigma InvestmentsquantQ2 2026$751,784107.9KReduced

No longer held by: Citadel Advisors (as of Q2 2026), Millennium Management (as of Q2 2026)

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
—
code P value
Sells (90d)
0
—
Reported activity
Quiet
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-06-05
filed 2026-06-08
Sonita LontohDirectorSell2.2K$6.73$15K

Reported non-derivative purchases and sales (codes P/S), which may be open-market or private. Excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
651.5K
settled 2026-09-30
Change vs prior
-20.7%
vs previous settlement
Days to cover
2.16
at avg daily volume
Avg daily volume
301.8K
FINRA reported
SettlementShares shortChangeDays to cover
2026-09-30651.5K-20.7%2.16
2026-09-15821.4K+5.9%2.49
2026-08-31775.7K+4.5%4.27
2026-08-14742.0K-9.0%1.53
2026-07-31815.4K-8.0%3.84
2026-07-15886.1K-18.7%2.67
2026-06-301.1M-0.8%2.61
2026-06-151.1M-21.7%3.86

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$1.62B$1.57B$1.91B$2.25B$2.17B
Gross profit
Operating income$-46.6M$-92.8M$-23.9M$72.2M$68.4M
Net income$-48.0M$-125.7M$-14.2M$62.3M$61.6M
Diluted EPS$-1.61$-4.17$-0.45$1.86$1.74

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Full details: where the numbers come from.

Balance sheet (as reported)

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$-58.0M$-17.1M$34.8M$120.5M$20.4M
Capital expenditure$15.7M$24.2M$31.3M$30.6M$35.0M
Free cash flow

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Full details: where the numbers come from.

Quarterly trend

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$443.0M11.8%$-3.4M$-0.11
Q1 FY2026$398.6M7.6%$-19.8M$-0.66
Q4 FY20258.3%
Q3 FY2025$431.3M12.8%$-1.9M$-0.06
Q2 FY2025$396.3M0.0%$-160,000—
Q1 FY2025$370.3M-8.1%$-14.3M$-0.48
Q4 FY2024-21.6%
Q3 FY2024$382.4M-19.2%$-7.6M$-0.26

Latest 8 quarters, from company XBRL filings on SEC EDGAR. A dotted underline marks a fourth-quarter figure we calculated from the full year and the first nine months. Revenue YoY is our calculation too: each quarter against the same quarter a year earlier.

Company facts

ExchangeNYSE
SectorIndustrials
SIC industryServices-Help Supply Services
Latest annual periodFY2025 (ended December 28, 2025)
Latest reported quarterQ2 FY2026 (ended June 28, 2026)
Oldest indexed filing2013
SEC CIK768899

Selected SEC filings

10-Q2026-08-04
View on EDGAR →
10-Q2026-05-05
View on EDGAR →
8-K2026-08-04
View on EDGAR →
8-K2026-05-15
View on EDGAR →
8-K2026-05-06
View on EDGAR →
8-K2026-05-05
View on EDGAR →

Largest Industrials peers

All Industrials companies →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.