A Business at a Glance
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KELLY SERVICES INC
KELYA
$532M
Mkt Cap
$15.16
+0.66%
KELLY SERVICES INC (KELYA) has a 5-year average return on invested capital (ROIC) of 0.5%. This is below average and may indicate limited pricing power.
KELLY SERVICES INC (KELYA) has a market capitalization of $522M. It is classified as a small-cap stock.
Yes, KELLY SERVICES INC (KELYA) pays a dividend with a trailing twelve-month yield of 2.09%. The company also returns capital through share buybacks, with a buyback yield of 1.92%.
KELLY SERVICES INC (KELYA) operates in the Services-Help Supply Services industry, within the Industrials sector.
KELLY SERVICES INC (KELYA) reported annual revenue of $4.3 billion in its most recent fiscal year, based on SEC EDGAR filings.
KELLY SERVICES INC (KELYA) has a net profit margin of -6.0%. The company is currently unprofitable.
KELLY SERVICES INC (KELYA) generated $114 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
History and Development of Business William Russell Kelly pioneered the staffing industry when he founded Kelly® in 1946 and we’ve been reinventing it ever since. Our inception helped usher in and embolden a workforce of women who kept the economy moving forward during World War II, opening doors and creating completely new opportunities. Over the next 79 years, as work evolved, Kelly continued to equip people with the skills to master new technologies as they emerged and the opportunity to put them to work in ways that enriched their lives. As the world of work has evolved, so have our offerings to reflect the changing needs of employers and talent. In 1996, Kelly established the industry’s first Managed Service Provider (“MSP”) program. Three years later, the Company launched specialized offerings in engineering, information technology and education.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 4.1B | 4.3B | 4.3B | 4.8B | 4.9B | 4.5B |
| Net Income | -266M | -254M | -600K | 36M | 155M | -72M |
| EPS | $-7.57 | $-7.24 | $-0.02 | $0.98 | $3.91 | $-1.83 |
| Free Cash Flow | 66M | 114M | 16M | 61M | 74M | 171M |
| ROIC | -6.3% | -5.6% | -0.0% | 2.1% | 12.2% | -6.0% |
| Gross Margin | 19.7% | 20.1% | 20.4% | 19.9% | 18.7% | 18.3% |
| Debt/Equity | 0.13 | 0.10 | 0.19 | 0.00 | 0.00 | 0.00 |
| Dividends/Share | $0.32 | $0.31 | $0.36 | $0.30 | $0.10 | $0.08 |
| Operating Income | -86M | -70M | -15M | 24M | 49M | -94M |
| Operating Margin | -2.1% | -1.6% | -0.3% | 0.5% | 1.0% | -2.1% |
| ROE | -27.4% | -23.0% | -0.0% | 2.8% | 12.2% | -6.0% |
| Shares Outstanding | 34M | 35M | 30M | 36M | 40M | 39M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 5.5B | 5.4B | 5.6B | 5.5B | 5.4B | 5.5B | 5.4B | 4.5B | 4.9B | 4.8B | 4.3B | 4.3B | 4.1B |
| Gross Margin | 16.4% | 16.4% | 16.3% | 16.7% | 17.8% | 17.6% | 18.1% | 18.3% | 18.7% | 19.9% | 20.4% | 20.1% | 19.7% |
| 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 | 821M | 835M | 887M | 854M | 871M | 885M | 883M | 806M | 871M | 935M | 818M | 826M | 800M |
| EBIT | 72M | 53M | 22M | 67M | 83M | 87M | 82M | -94M | 49M | 24M | -15M | -70M | -86M |
| Op. Margin | 1.3% | 1.0% | 0.4% | 1.2% | 1.5% | 1.6% | 1.5% | -2.1% | 1.0% | 0.5% | -0.3% | -1.6% | -2.1% |
| Net Income | 50M | 59M | 24M | 54M | 72M | 23M | 112M | -72M | 155M | 36M | -600K | -254M | -266M |
| Net Margin | 0.9% | 1.1% | 0.4% | 1.0% | 1.3% | 0.4% | 2.1% | -1.6% | 3.2% | 0.7% | -0.0% | -6.0% | -6.4% |
| Non-Recurring | 4.0M | 3.3M | 12M | 0 | 2.4M | 0 | 18M | 193M | 4.0M | 41M | 85M | 103M | 103M |
| Returns on Capital | |||||||||||||
| ROIC | 7.6% | 7.4% | 2.8% | 6.3% | 6.3% | 7.7% | 6.8% | -6.0% | 12.2% | 2.1% | -0.0% | -5.6% | -6.3% |
| ROE | 7.3% | 7.5% | 2.9% | 6.0% | 7.0% | 2.0% | 9.3% | -6.0% | 12.2% | 2.8% | -0.0% | -23.0% | -27.4% |
| ROA | 3.3% | 3.4% | 1.3% | 2.8% | 3.3% | 1.0% | 4.7% | -2.8% | 5.7% | 1.3% | -0.0% | -10.4% | -11.8% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 61M | 115M | -70M | 25M | 71M | 61M | 102M | 186M | 85M | 77M | 27M | 123M | 73M |
| Free Cash Flow | 40M | 95M | -92M | 8.4M | 46M | 36M | 82M | 171M | 74M | 61M | 16M | 114M | 66M |
| Owner Earnings | 34M | 91M | -97M | -4.9M | 39M | 27M | 65M | 158M | 50M | 33M | -25M | 68M | 20M |
| CapEx | 22M | 20M | 22M | 17M | 25M | 26M | 20M | 16M | 11M | 15M | 11M | 8.5M | 7.1M |
| Maint. CapEx | 22M | 20M | 22M | 22M | 23M | 26M | 32M | 24M | 30M | 34M | 40M | 42M | 41M |
| Growth CapEx | 0 | 0 | 0 | 0 | 1.9M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| D&A | 22M | 20M | 22M | 22M | 23M | 26M | 32M | 24M | 30M | 34M | 40M | 42M | 41M |
| CapEx/OCF | 80.6% | 17.3% | N/A | 71.9% | 31.7% | 41.7% | 19.6% | 8.3% | 13.2% | N/A | 41.3% | 6.9% | 9.7% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 7.6M | 7.6M | 7.6M | 7.7M | 12M | 12M | 12M | 3.0M | 4.0M | 11M | 11M | 11M | 11M |
| Dividend Yield | 1.7% | 1.2% | 1.2% | 1.2% | 1.4% | 1.3% | 1.4% | 0.4% | 0.6% | 1.8% | 1.8% | 2.6% | 2.1% |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 27M | 10M | 10M | 10M |
| Buyback Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 3.4% | 2.6% | 3.3% | 1.9% |
| Stock-Based Comp | 4.8M | 3.8M | 5.3M | 7.9M | 9.1M | 8.1M | 5.6M | 3.9M | 5.1M | 9.7M | 12M | 12M | 12M |
| Debt Repayment | 32M | 36M | 64M | 35M | 10M | 7.8M | 300K | 1.7M | 200K | 0 | 1.1B | 1.7B | 1.7B |
| Balance Sheet | |||||||||||||
| Net Debt | 82M | -100M | 5.5M | 13M | -22M | -33M | -21M | -218M | -110M | -124M | 200M | 69M | 105M |
| Cash & Equiv. | 76M | 126M | 83M | 42M | 33M | 35M | 26M | 223M | 113M | 126M | 39M | 33M | 26M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | 2.1M | 2.8M | 1.2M | 0 | 239M | 102M | 131M |
| Debt/Equity | 0.22 | 0.03 | 0.11 | 0.06 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.19 | 0.10 | 0.13 |
| Interest Coverage | 21.3 | 19.0 | 7.3 | 17.6 | 30.9 | 28.2 | 19.5 | -31.2 | 19.4 | 7.6 | -1.4 | -5.6 | -5.6 |
| Equity | 741M | 823M | 834M | 895M | 1.2B | 1.2B | 1.3B | 1.2B | 1.3B | 1.3B | 1.2B | 977M | 969M |
| Total Assets | 1.6B | 1.8B | 1.9B | 1.9B | 2.4B | 2.3B | 2.5B | 2.6B | 2.9B | 2.6B | 2.6B | 2.3B | 2.3B |
| Total Liabilities | 895M | 976M | 1.1B | 1.0B | 1.2B | 1.2B | 1.2B | 1.4B | 1.6B | 1.3B | 1.4B | 1.3B | -6.0M |
| Intangibles | 8.1M | 4.3M | 2.7M | 1.3M | 18M | 17M | 50M | 56M | 122M | 138M | 256M | 226M | 219M |
| Retained Earnings | 700M | 751M | 767M | 814M | 984M | 1.1B | 1.2B | 1.2B | 1.3B | 1.2B | 1.2B | 965M | 957M |
| Working Capital | 470M | 475M | 428M | 411M | 458M | 503M | 522M | 624M | 494M | 607M | 539M | 447M | 480M |
| Current Assets | 1.2B | 1.2B | 1.3B | 1.2B | 1.4B | 1.4B | 1.4B | 1.5B | 1.6B | 1.6B | 1.4B | 1.3B | 1.3B |
| Current Liabilities | 722M | 762M | 860M | 816M | 926M | 898M | 884M | 926M | 1.1B | 1.0B | 827M | 822M | 819M |
| Per Share Data | |||||||||||||
| EPS | 1.32 | 1.54 | 0.61 | 1.39 | 1.81 | 0.58 | 2.84 | -1.83 | 3.91 | 0.98 | -0.02 | -7.24 | -7.57 |
| Owner EPS | 0.90 | 2.38 | -2.50 | -0.13 | 0.99 | 0.69 | 1.64 | 4.01 | 1.27 | 0.91 | -0.84 | 1.93 | 0.58 |
| Book Value | 19.52 | 21.51 | 21.46 | 23.13 | 29.11 | 29.37 | 31.95 | 30.58 | 33.77 | 34.42 | 41.15 | 27.82 | 28.15 |
| Cash Flow/Share | 1.61 | 3.01 | -1.80 | 0.65 | 1.79 | 1.56 | 2.58 | 4.73 | 2.15 | 2.11 | 0.90 | 3.49 | -6.52 |
| Dividends/Share | 0.20 | 0.20 | 0.20 | 0.20 | 0.30 | 0.30 | 0.30 | 0.08 | 0.10 | 0.30 | 0.36 | 0.31 | 0.32 |
| Shares Out. | 38.0M | 38.2M | 38.9M | 38.7M | 39.6M | 39.5M | 39.6M | 39.3M | 39.6M | 36.4M | 30.0M | 35.1M | 34.4M |
| Valuation | |||||||||||||
| P/E Ratio | 7.7 | 13.9 | 23.9 | 14.8 | 8.0 | 31.6 | 7.2 | N/A | 4.0 | N/A | N/A | N/A | -2.0 |
| P/FCF | 12.5 | 8.6 | N/A | 94.8 | 21.1 | 20.2 | 9.8 | 3.7 | 8.4 | 12.4 | 24.2 | 2.6 | 7.9 |
| EV/EBIT | 7.0 | 11.2 | 22.5 | 11.5 | 14.4 | 7.5 | 9.2 | N/A | 8.2 | 36.8 | N/A | N/A | N/A |
| Price/Book | 0.7 | 1.0 | 0.7 | 0.9 | 0.8 | 0.6 | 0.6 | 0.5 | 0.5 | 0.6 | 0.3 | 0.3 | 0.5 |
| Price/Sales | 0.1 | 0.1 | 0.1 | 0.1 | 0.2 | 0.2 | 0.2 | 0.2 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 |
| FCF Yield | 8.0% | 11.6% | -16.2% | 1.1% | 4.8% | 5.0% | 10.2% | 27.0% | 11.8% | 7.7% | 4.1% | 38.1% | 12.7% |
| Market Cap | 492M | 821M | 567M | 796M | 967M | 723M | 804M | 633M | 626M | 797M | 382M | 300M | 522M |
| Avg. Price | 11.50 | 15.91 | 16.36 | 16.50 | 20.92 | 22.81 | 21.65 | 19.59 | 16.97 | 17.03 | 19.96 | 11.99 | 15.16 |
| Year-End Price | 13.05 | 21.46 | 14.59 | 20.58 | 24.65 | 18.30 | 20.31 | 16.08 | 15.67 | 20.91 | 12.74 | 8.54 | 15.16 |
KELLY SERVICES INC passes 3 of 9 quality checks, indicating weak fundamentals.
On a free-cash-flow basis, the stock trades at 4.1x vs a median of 12.4x. The company's 5-year average ROIC is 0.5% with a gross margin of 19.5%. Total shareholder yield (dividends + buybacks) is 4.0%. At current prices, the estimated annualized return to fair value is +3.5%.
KELLY SERVICES INC (KELYA) has a debt-to-equity ratio of 0.10. This indicates a conservatively financed balance sheet.
KELLY SERVICES INC (KELYA) reported earnings per share (EPS) of $-7.24 in its most recent fiscal year.
KELLY SERVICES INC (KELYA) has a return on equity (ROE) of -23.0%. A negative ROE may indicate losses or negative equity.
KELLY SERVICES INC (KELYA) has a 5-year average gross margin of 19.5%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 14 years of financial data for KELLY SERVICES INC (KELYA), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
KELLY SERVICES INC (KELYA) has a book value per share of $27.82, based on its most recent annual SEC filing.