TrueBlue, Inc. (TBI) Stock

TrueBlue, Inc. (TBI) is a Technology stock trading at $10.60 (as of 2026-08-21), with a market capitalization of $322.28M. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

TrueBlue, Inc., together with its subsidiaries, provides specialized workforce solutions in the United States, Canada, and Puerto Rico. It operates through three segments: PeopleReady, PeopleManagement, and PeopleScout. The PeopleReady segment offers contingent staffing solutions for blue-collar, on-demand, and skilled labor in construction, manufacturing and logistics, warehousing and distribution, waste and recycling, energy, retail, hospitality, and general labor industries. The PeopleManagement segment provides contingent labor and outsourced industrial workforce solutions. This segment also offers on-site management and recruitment for the contingent industrial workforce of manufacturing, warehouse, 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 offers permanent employee recruitment process outsourcing services; and manages clients' contingent labor programs comprising 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. TrueBlue, Inc. was incorporated in 1985 and is headquartered in Tacoma, Washington.

Understand TrueBlue, Inc.: how it makes money

TrueBlue provides specialized workforce solutions, including contingent staffing and outsourced industrial workforce services, and makes money by delivering these services through its PeopleReady, PeopleManagement, and PeopleScout segments.

Because TrueBlue sells workforce services through PeopleReady, PeopleManagement, and PeopleScout, its profit model is driven by the level of service revenue it can generate by supplying labor and workforce support.

Revenue by segment (latest quarter)
PeopleReady$0.2B
PeopleManagement$0.1B
PeopleScout$0.1B

Business quality (Weak): As of 2026-03-29, revenue was about $0.4B with gross margin of 19.8%, but the company reported a negative operating margin of -4.5%, indicating near-term profitability pressure.

Bull case

  • Core revenue comes from services: Revenue from Services is about $0.37B out of roughly $0.4B total revenue.
  • Large share of revenue is tied to PeopleReady: PeopleReady revenue is about $0.22B, making it the biggest contributor among the three reportable segments.

Bear case

  • Operating profitability is currently negative: Operating margin is -4.5%, despite gross margin of 19.8%.
  • The smallest segment is PeopleScout: PeopleScout revenue is about $0.05B, which means a smaller portion of total revenue is concentrated in that segment.
Valuation — source: SEC EDGAR (first-party)
Price$10.60
Market Cap$322.28M
Price / Book1.27
Price / Sales0.19
FCF Yield-20.9%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$1.62B
Net Margin-3.0%
Revenue Growth (YoY)11.8%
EPS Growth (YoY)1000.0%
FCF Growth (YoY)49.2%
Financial Health — source: SEC EDGAR
Altman Z-Score3.76 (safe)
Piotroski F-Score3/9 (weak)
Valuation vs Sector & Industry
Sector P/E (Technology)33.9
Industry P/E (Business Services)29.9
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderBlackRock Fund Advisors ($85.27M)
Institutional Holders Tracked10
Company
SectorTechnology
IndustryBusiness Services
CEOTaryn R. Owen
Employees4,200
CountryUS
IPO Date1994-04-04

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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.