A Business at a Glance
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HireQuest, Inc.
HQI
$181M
Mkt Cap
$12.90
+1.74%
HireQuest, Inc. (HQI) has a current P/E ratio of 49.6, compared to its historical median P/E of 23.1. The stock is currently considered Expensive based on its historical valuation range.
HireQuest, Inc. (HQI) has a 5-year average return on invested capital (ROIC) of 12.8%. This indicates solid capital allocation.
HireQuest, Inc. (HQI) has a market capitalization of $181M. It is classified as a small-cap stock.
Yes, HireQuest, Inc. (HQI) pays a dividend with a trailing twelve-month yield of 0.46%. The company also returns capital through share buybacks, with a buyback yield of 0.21%.
Based on historical P/E analysis, HireQuest, Inc. (HQI) appears expensive. The current P/E of 49.6 is 114% above its historical median of 23.1. The estimated fair value CAGR (P/E method) is 4.4%.
HireQuest, Inc. (HQI) operates in the Services-Help Supply Services industry, within the Industrials sector.
HireQuest, Inc. (HQI) reported annual revenue of $31 million in its most recent fiscal year, based on SEC EDGAR filings.
Development of our Business HireQuest, Inc. (collectively with its subsidiaries, the “Company,” “we,” “us,” or “our”) is a Delaware corporation originally organized in Washington as Command Staffing, LLC in 2002. In 2005, Temporary Financial Services, Inc., a public company, acquired the assets of Command Staffing, LLC, and the combined entity changed its name to Command Center, Inc. On September 11, 2019, Command Center, Inc. reincorporated in Delaware and changed its name to HireQuest, Inc. following its acquisition of Hire Quest Holdings, LLC (“Hire Quest Holdings,” and together with its subsidiary, Hire Quest, LLC, “Legacy HQ”). This acquisition is sometimes referred to as the “Merger.” Hire Quest, LLC was formed as a Florida limited liability company in 2002. Hire Quest Holdings, LLC was formed as a Florida limited liability company in 2017. Since the Merger, we have made a number of acquisitions which are discussed in more detail below.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 31M | 31M | 35M | 38M | 31M | 23M |
| Net Income | 6.3M | 6.3M | 3.7M | 6.1M | 12M | 12M |
| EPS | $0.45 | $0.45 | $0.26 | $0.45 | $0.91 | $0.87 |
| Free Cash Flow | 12M | 12M | 12M | 11M | 17M | 16M |
| ROIC | 9.6% | 9.7% | 6.5% | 12.1% | 19.1% | 16.6% |
| Gross Margin | - | - | - | - | - | - |
| Debt/Equity | 0.00 | 0.00 | 0.01 | 0.05 | 0.44 | 0.41 |
| Dividends/Share | $0.06 | $0.06 | $0.06 | $0.06 | $0.24 | $0.23 |
| Operating Income | 6.3M | 6.3M | 4.4M | 11M | 16M | 7.6M |
| Operating Margin | 20.5% | 20.5% | 12.6% | 28.1% | 51.8% | 34.0% |
| ROE | 9.3% | 9.5% | 5.8% | 10.1% | 23.7% | 28.5% |
| Shares Outstanding | 14M | 14M | 14M | 14M | 14M | 14M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 92M | 88M | 93M | 98M | 12M | 16M | 14M | 23M | 31M | 38M | 35M | 31M | 31M |
| Gross Margin | 27.8% | 26.7% | 25.4% | 25.9% | N/A | N/A | 100.0% | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 18M | 21M | 22M | 21M | 5.3M | 13M | 8.7M | 13M | 13M | 24M | 21M | 21M | 21M |
| EBIT | 6.5M | 2.6M | 1.1M | 3.7M | 6.9M | 2.8M | 5.0M | 7.6M | 16M | 11M | 4.4M | 6.3M | 6.3M |
| Op. Margin | 7.1% | 3.0% | 1.2% | 3.8% | 56.1% | 17.5% | 36.1% | 34.0% | 51.8% | 28.1% | 12.6% | 20.5% | 20.5% |
| Net Income | 9.1M | 1.6M | 557K | 1.7M | 7.1M | -290K | 5.4M | 12M | 12M | 6.1M | 3.7M | 6.3M | 6.3M |
| Net Margin | 9.9% | 1.8% | 0.6% | 1.7% | 57.7% | -1.8% | 38.8% | 52.6% | 40.2% | 16.2% | 10.6% | 20.7% | 20.7% |
| Non-Recurring | 795K | 18K | 0 | 0 | 35K | 175K | 0 | 0 | 0 | 0 | 4.8M | 0 | 0 |
| Returns on Capital | |||||||||||||
| ROIC | 31.8% | 8.8% | 5.0% | 15.6% | 68.3% | 9.1% | 17.6% | 16.6% | 19.1% | 12.1% | 6.5% | 9.7% | 9.6% |
| ROE | 69.7% | 8.3% | 3.0% | 11.6% | 65.5% | -1.4% | 15.8% | 28.5% | 23.7% | 10.1% | 5.8% | 9.5% | 9.3% |
| ROA | 35.1% | 5.7% | 2.2% | 6.8% | 28.6% | -0.8% | 11.2% | 18.7% | 13.8% | 5.9% | 3.7% | 6.9% | 7.2% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 7.8M | 3.3M | -464K | 4.7M | 5.1M | 5.0M | 11M | 17M | 17M | 11M | 12M | 12M | 12M |
| Free Cash Flow | 7.5M | 3.2M | -565K | 4.6M | 4.7M | 4.5M | 9.5M | 16M | 17M | 11M | 12M | 12M | 12M |
| Owner Earnings | 7.2M | 2.4M | -779K | 4.4M | 4.8M | 3.6M | 9.5M | 14M | 12M | 6.1M | 7.5M | 8.1M | 8.1M |
| CapEx | 246K | 125K | 101K | 104K | 411K | 508K | 1.4M | 1.4M | 100K | 98K | 68K | 56K | 56K |
| Maint. CapEx | 153K | 171K | 168K | 165K | 281K | 628K | 129K | 1.6M | 2.0M | 2.8M | 2.8M | 3.0M | 3.0M |
| Growth CapEx | 93K | 0 | 0 | 0 | 130K | 0 | 1.3M | 0 | 0 | 0 | 0 | 0 | 0 |
| D&A | 153K | 171K | 168K | 165K | 281K | 628K | 129K | 1.6M | 2.0M | 2.8M | 2.8M | 3.0M | 3.0M |
| CapEx/OCF | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.5% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 1.4M | 3.1M | 3.3M | 833K | 838K | 842K | 842K |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | 1.5% | 1.4% | 1.6% | 0.3% | 0.5% | N/A | 0.5% |
| Share Buybacks | 0 | 1.6M | 1.5M | 375K | 0 | 8.4M | 146K | 0 | 0 | 0 | 0 | 377K | 377K |
| Buyback Yield | N/A | 5.0% | 7.5% | 1.4% | N/A | 13.6% | 0.1% | N/A | N/A | N/A | N/A | 0.0% | 0.2% |
| Stock-Based Comp | 420K | 742K | 147K | 157K | 0 | 758K | 1.2M | 1.6M | 2.4M | 1.7M | 1.8M | 936K | 936K |
| Debt Repayment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 88K | 571K | 3.3M | 557K | 88K | 88K |
| Balance Sheet | |||||||||||||
| Net Debt | 6.4M | N/A | N/A | N/A | N/A | N/A | N/A | 18M | 22M | 2.0M | -1.7M | -3.8M | -3.8M |
| Cash & Equiv. | 8.6M | 7.6M | 3.0M | 7.8M | 1.3M | 4.2M | 14M | 1.3M | 3.0M | 1.3M | 2.2M | 3.9M | 3.9M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 88K | 571K | 3.3M | 557K | 88K | 88K |
| Debt/Equity | 0.80 | 0.36 | 0.32 | 0.53 | 1.23 | 0.50 | 0.35 | 0.41 | 0.44 | 0.05 | 0.01 | 0.00 | 0.00 |
| Interest Coverage | 26.1 | 32.1 | 44.1 | 318.1 | 350.9 | 5.0 | 100.3 | 48.7 | 43.6 | 7.7 | 4.7 | 20.5 | 20.5 |
| Equity | 19M | 19M | 18M | 11M | 11M | 31M | 36M | 47M | 58M | 63M | 65M | 68M | 68M |
| Total Assets | 28M | 26M | 24M | 25M | 24M | 47M | 49M | 77M | 103M | 104M | 94M | 88M | 88M |
| Total Liabilities | 9.4M | 6.7M | 5.8M | 5.8M | 13M | 16M | 13M | 31M | 45M | 41M | 29M | 20M | 20M |
| Intangibles | 0 | 0 | 530K | 4.1M | 3.9M | 0 | 343K | 23M | 28M | 26M | 28M | 24M | 24M |
| Retained Earnings | -40M | -38M | -38M | -37M | 4.0M | 3.7M | 7.7M | 16M | 26M | 28M | 29M | 31M | 31M |
| Working Capital | 14M | 13M | 11M | 13M | 9.6M | 26M | 30M | 21M | 15M | 16M | 25M | 33M | 33M |
| Current Assets | 21M | 18M | 15M | 18M | 22M | 37M | 39M | 42M | 52M | 51M | 49M | 48M | 48M |
| Current Liabilities | 6.9M | 4.5M | 4.2M | 4.9M | 13M | 11M | 9.5M | 21M | 37M | 36M | 24M | 15M | 15M |
| Per Share Data | |||||||||||||
| EPS | 0.56 | 0.08 | 0.44 | 1.32 | 0.24 | -0.03 | 0.39 | 0.87 | 0.91 | 0.45 | 0.26 | 0.45 | 0.45 |
| Owner EPS | 0.44 | 0.12 | -0.62 | 3.48 | 0.16 | 0.37 | 0.69 | 1.04 | 0.91 | 0.45 | 0.53 | 0.58 | 0.58 |
| Book Value | 1.15 | 0.97 | 14.34 | 8.51 | 0.37 | 3.24 | 2.65 | 3.43 | 4.26 | 4.60 | 4.59 | 4.86 | 4.86 |
| Cash Flow/Share | 0.48 | 0.17 | -0.37 | 3.73 | 0.17 | 0.51 | 0.79 | 1.28 | 1.23 | 0.78 | 0.85 | 0.86 | 0.66 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | 0.00 | 0.10 | 0.23 | 0.24 | 0.06 | 0.06 | 0.06 | 0.06 |
| Shares Out. | 16.3M | 19.5M | 1.3M | 1.3M | 29.7M | 9.7M | 13.7M | 13.6M | 13.7M | 13.6M | 14.1M | 14.1M | 14.1M |
| Valuation | |||||||||||||
| P/E Ratio | 4.7 | 20.9 | 36.8 | 16.0 | 4.8 | N/A | 24.7 | 21.6 | 16.2 | 34.1 | 51.6 | N/A | 28.7 |
| P/FCF | 17.3 | 30.5 | N/A | 1.4 | 21.8 | 13.8 | 14.0 | 16.0 | 12.1 | 19.9 | 15.8 | N/A | 15.1 |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 12.8 | 19.6 | 43.3 | N/A | 28.3 |
| Price/Book | 2.3 | 1.7 | 1.1 | 1.4 | 3.1 | 2.0 | 3.6 | 5.5 | 3.5 | 3.3 | 2.9 | N/A | 2.7 |
| Price/Sales | 0.4 | 0.5 | 0.2 | 0.2 | 4.0 | 3.2 | 6.4 | 10.0 | 6.7 | 6.9 | 5.3 | N/A | 5.9 |
| FCF Yield | 17.3% | 9.8% | -2.8% | 17.3% | 13.7% | 7.2% | 7.1% | 6.3% | 8.3% | 5.0% | 6.3% | N/A | 6.6% |
| Market Cap | 43M | 33M | 20M | 27M | 34M | 62M | 132M | 256M | 202M | 209M | 189M | 0 | 181M |
| Avg. Price | 6.11 | 6.80 | 4.33 | 4.27 | 4.97 | 5.18 | 6.41 | 16.67 | 15.12 | 19.23 | 12.98 | 0.00 | 12.90 |
| Year-End Price | 7.98 | 5.03 | 4.04 | 5.28 | 3.43 | 6.37 | 9.64 | 18.76 | 14.77 | 15.33 | 13.41 | 0.00 | 12.90 |
HireQuest, Inc. passes 2 of 9 quality checks, indicating weak fundamentals.
HireQuest, Inc. trades at 49.6x trailing earnings, compared to its 15-year median P/E of 23.1x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 15.1x vs a median of 14.9x. The company's 5-year average ROIC is 12.8%. Total shareholder yield (dividends + buybacks) is 0.7%. At current prices, the estimated annualized return to fair value is +6.3%.
HireQuest, Inc. (HQI) has a net profit margin of 20.7%. This is a strong margin indicating high profitability.
HireQuest, Inc. (HQI) generated $12 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
HireQuest, Inc. (HQI) has a debt-to-equity ratio of 0.00. This indicates a conservatively financed balance sheet.
HireQuest, Inc. (HQI) reported earnings per share (EPS) of $0.45 in its most recent fiscal year.
HireQuest, Inc. (HQI) has a return on equity (ROE) of 9.5%. This indicates moderate shareholder returns.
The Ledger Terminal provides 16 years of financial data for HireQuest, Inc. (HQI), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
HireQuest, Inc. (HQI) has a book value per share of $4.86, based on its most recent annual SEC filing.