Barrett Business Services, Inc. (BBSI) is a Technology stock trading at $33.56 (as of 2026-08-21), with a market capitalization of $824.22M and a trailing P/E of 35.5. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.
Barrett Business Services, Inc. provides business management solutions for small and mid-sized companies in the United States. The company develops a management platform that integrates a knowledge-based approach from the management consulting industry with tools from the human resource outsourcing industry. It offers professional employer services under which it enters into a client services agreement to establish a co-employment relationship with each client company, assuming responsibility for payroll, payroll taxes, workers' compensation coverage, and other administration functions for the client's existing workforce. The company also provides staffing and recruiting services, such as on-demand or short-term staffing assignment, contract staffing, direct placement, and long-term or indefinite-term on-site management services. It serves electronics manufacturers, light-manufacturing industries, agriculture-based companies, transportation and shipping enterprises, food processors, telecommunications companies, public utilities, general contractors in various construction-related fields, and professional services firms. The company was incorporated in 1965 and is headquartered in Vancouver, Washington.
Barrett Business Services provides business management solutions for small and mid-sized companies, and it makes money primarily through professional employer services where it enters client services agreements and takes responsibility for payroll, payroll taxes, workers' compensation coverage, and related administration functions.
The profit model is driven by the scale of its professional employer services client agreements, where the company assumes ongoing administration responsibilities (payroll, taxes, workers' compensation) in exchange for professional employer services revenue, while staffing contributes only a smaller share of revenue.
| PES | $0.3B |
| Staffing | $0.0B |
Business quality (Weak): Revenue is concentrated in professional employer services, but the latest quarter shows modest gross margin and a negative operating margin, indicating the cost structure needs to be tightly controlled to reach profitability.
Valuation: Trades at 22× trailing earnings · $1B market cap.
| Price | $33.56 |
| Market Cap | $824.22M |
| P/E Ratio | 35.5 |
| EV / EBITDA | 16.3 |
| Price / Book | 4.01 |
| Price / Sales | 0.67 |
| FCF Yield | -13.1% |
| DCF Value (model) | $74.59 |
| DCF Upside vs Price | 122.3% |
| Revenue (TTM) | $1.24B |
| Net Margin | 4.4% |
| Revenue Growth (YoY) | 8.4% |
| EPS Growth (YoY) | 4.9% |
| FCF Growth (YoY) | -1258.3% |
| Altman Z-Score | 3.35 (safe) |
| Stock P/E | 35.5 |
| Sector P/E (Technology) | 33.9 |
| Industry P/E (Business Services) | 29.9 |
| vs Sector | 4.7% |
| vs Industry | 18.7% |
| Top Institutional Holder | BlackRock, Inc. ($55.68M) |
| Institutional Holders Tracked | 10 |
| Sector | Technology |
| Industry | Business Services |
| CEO | Gary Edward Kramer Jr. |
| Employees | 135,727 |
| Country | US |
| IPO Date | 1993-06-11 |
Data as of 2026-08-21.
Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.