A Business at a Glance
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ROBERT HALF INC.
RHI
$3.5B
Mkt Cap
$35.29
-6.76%
ROBERT HALF INC. (RHI) has a current P/E ratio of 26.5, compared to its historical median P/E of 18.3. The stock is currently considered Expensive based on its historical valuation range.
ROBERT HALF INC. (RHI) has a 5-year average return on invested capital (ROIC) of 38.5%. This indicates strong capital allocation and a potential competitive advantage.
ROBERT HALF INC. (RHI) has a market capitalization of $3.6B. It is classified as a mid-cap stock.
Yes, ROBERT HALF INC. (RHI) pays a dividend with a trailing twelve-month yield of 6.61%. The company also returns capital through share buybacks, with a buyback yield of 1.34%.
Based on historical P/E analysis, ROBERT HALF INC. (RHI) appears expensive. The current P/E of 26.5 is 45% above its historical median of 18.3. The estimated fair value CAGR (P/E method) is -5.4%.
ROBERT HALF INC. (RHI) operates in the Services-Help Supply Services industry, within the Industrials sector.
ROBERT HALF INC. (RHI) reported annual revenue of $5.4 billion in its most recent fiscal year, based on SEC EDGAR filings.
Robert Half Inc. (the “ Company”) provides specialized talent solutions and business consulting services through the Robert Half® and Protiviti® company names. The Company’s business was originally founded in 1948. Prior to 1986, the Company was primarily a franchisor, under the names Accountemps andRobert Half, with offices providing contract and permanent professionals in the fields of accounting and finance. Beginning in 1986, the Company embarked on a strategy of acquiring the franchised locations. All franchises have since been acquired. The Company believes that direct ownership of offices allows it to better monitor and protect the image of its trade names, promote a more consistent and higher level of quality and service throughout its network of offices, and improve profitability by centralizing many of its administrative functions.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 5.3B | 5.4B | 5.8B | 6.4B | 7.2B | 6.5B |
| Net Income | 129M | 133M | 252M | 411M | 658M | 599M |
| EPS | $1.28 | $1.33 | $2.44 | $3.88 | $6.03 | $5.36 |
| Free Cash Flow | 218M | 267M | 354M | 591M | 623M | 567M |
| ROIC | 5.0% | 5.5% | 17.6% | 33.0% | 67.2% | 69.5% |
| Gross Margin | 37.2% | 37.2% | 38.8% | 40.3% | 42.7% | 41.7% |
| Debt/Equity | 0.00 | 0.19 | 0.17 | 0.15 | 0.15 | 0.22 |
| Dividends/Share | $2.33 | $2.36 | $2.12 | $1.92 | $1.72 | $1.52 |
| Operating Income | 74M | 76M | 241M | 465M | 891M | 806M |
| Operating Margin | 1.4% | 1.4% | 4.2% | 7.3% | 12.3% | 12.5% |
| ROE | 10.5% | 10.0% | 17.0% | 26.0% | 44.6% | 46.3% |
| Shares Outstanding | 102M | 100M | 103M | 106M | 109M | 112M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 4.7B | 5.1B | 5.3B | 5.3B | 5.8B | 6.1B | 5.1B | 6.5B | 7.2B | 6.4B | 5.8B | 5.4B | 5.3B |
| Gross Margin | 41.0% | 41.5% | 41.2% | 41.1% | 41.6% | 41.6% | 39.4% | 41.7% | 42.7% | 40.3% | 38.8% | 37.2% | 37.2% |
| 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 | 1.4B | 1.5B | 1.6B | 1.6B | 1.8B | 2.0B | 1.7B | 2.0B | 2.1B | 2.1B | 2.0B | 1.9B | 1.9B |
| EBIT | 497M | 582M | 554M | 517M | 589M | 622M | 422M | 806M | 891M | 465M | 241M | 76M | 74M |
| Op. Margin | 10.6% | 11.4% | 10.6% | 9.8% | 10.2% | 10.2% | 8.3% | 12.5% | 12.3% | 7.3% | 4.2% | 1.4% | 1.4% |
| Net Income | 306M | 358M | 343M | 291M | 434M | 454M | 306M | 599M | 658M | 411M | 252M | 133M | 129M |
| Net Margin | 6.5% | 7.0% | 6.5% | 5.5% | 7.5% | 7.5% | 6.0% | 9.3% | 9.1% | 6.4% | 4.3% | 2.5% | 2.4% |
| Non-Recurring | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | |||||||||||||
| ROIC | 42.3% | 45.2% | 39.7% | 36.3% | 47.7% | 45.1% | 32.6% | 69.5% | 67.2% | 33.0% | 17.6% | 5.5% | 5.0% |
| ROE | 32.2% | 36.1% | 32.9% | 26.5% | 40.1% | 41.2% | 26.1% | 46.3% | 44.6% | 26.0% | 17.0% | 10.0% | 10.5% |
| ROA | 19.5% | 21.6% | 19.9% | 15.9% | 23.0% | 21.6% | 12.6% | 21.7% | 22.2% | 13.8% | 8.6% | 4.7% | 4.8% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 341M | 438M | 442M | 453M | 572M | 520M | 597M | 603M | 684M | 637M | 410M | 320M | 267M |
| Free Cash Flow | 278M | 363M | 359M | 412M | 530M | 460M | 563M | 567M | 623M | 591M | 354M | 267M | 218M |
| Owner Earnings | 276M | 369M | 361M | 345M | 461M | 406M | 481M | 493M | 577M | 521M | 350M | 260M | -244M |
| CapEx | 63M | 75M | 83M | 41M | 42M | 59M | 33M | 37M | 61M | 46M | 56M | 53M | 49M |
| Maint. CapEx | 50M | 53M | 64M | 65M | 66M | 66M | 64M | 54M | 49M | 54M | 53M | 52M | 508M |
| Growth CapEx | 13M | 22M | 19M | 0 | 0 | 0 | 0 | 0 | 12M | 0 | 3.0M | 1.3M | 0 |
| D&A | 50M | 53M | 64M | 65M | 66M | 66M | 64M | 54M | 49M | 54M | 53M | 52M | 508M |
| CapEx/OCF | 18.4% | 17.1% | 18.8% | 9.0% | 7.4% | 11.4% | 5.6% | 6.1% | 8.9% | 7.2% | 13.7% | 16.6% | 18.4% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 98M | 108M | 114M | 121M | 136M | 146M | 156M | 171M | 189M | 206M | 220M | 238M | 239M |
| Dividend Yield | 2.1% | 1.9% | 2.8% | 2.6% | 2.2% | 2.6% | 3.1% | 2.0% | 2.2% | 2.9% | 3.3% | 5.9% | 6.6% |
| Share Buybacks | 154M | 271M | 176M | 232M | 354M | 278M | 159M | 288M | 320M | 255M | 276M | 92M | 48M |
| Buyback Yield | 2.6% | 5.7% | 3.6% | 4.2% | 6.4% | 4.7% | 2.7% | 2.7% | 4.7% | 3.1% | 4.1% | 3.4% | 1.3% |
| Stock-Based Comp | 15M | 16M | 17M | 42M | 45M | 48M | 52M | 56M | 58M | 61M | 7.4M | 8.3M | 2.9M |
| Debt Repayment | 128K | 140K | 154K | 167K | 183K | 200K | 218K | 239K | 0 | 0 | 0 | 0 | 0 |
| Balance Sheet | |||||||||||||
| Net Debt | -251M | -188M | -224M | -259M | -241M | 38M | -237M | -319M | -421M | -490M | -304M | -219M | -278M |
| Cash & Equiv. | 287M | 225M | 260M | 295M | 277M | 270M | 574M | 619M | 659M | 732M | 538M | 464M | 278M |
| Long-Term Debt | 1.2M | 1.0M | 840K | 657K | 457K | 239K | 0 | 0 | N/A | N/A | N/A | N/A | N/A |
| Debt/Equity | 0.04 | 0.04 | 0.03 | 0.03 | 0.03 | 0.27 | 0.28 | 0.22 | 0.15 | 0.15 | 0.17 | 0.19 | 0.00 |
| Interest Coverage | 686.7 | 1057.4 | 624.4 | 287.5 | 134.4 | 121.3 | 314.0 | 4090.5 | 111.2 | 19.4 | 887.8 | 339.8 | 339.8 |
| Equity | 980M | 1.0B | 1.1B | 1.1B | 1.1B | 1.1B | 1.2B | 1.4B | 1.6B | 1.6B | 1.4B | 1.3B | 1.2B |
| Total Assets | 1.6B | 1.7B | 1.8B | 1.9B | 1.9B | 2.3B | 2.6B | 3.0B | 3.0B | 3.0B | 2.9B | 2.9B | 2.7B |
| Total Liabilities | 667M | 667M | 691M | 762M | 840M | 1.2B | 1.4B | 1.6B | 1.4B | 1.4B | 1.5B | 1.6B | 1.5B |
| Intangibles | 0 | 4.5M | 3.7M | 4.9M | 3.1M | 1.8M | 5.6M | 3.3M | 5.3M | 2.4M | 1.2M | 1.8M | 1.7M |
| Retained Earnings | 37M | 34M | 85M | 37M | 0 | 36M | 30M | 168M | 319M | 266M | 25M | 0 | 0 |
| Working Capital | 700M | 542M | 604M | 684M | 654M | 688M | 796M | 910M | 1.1B | 1.1B | 844M | 735M | 701M |
| Current Assets | 1.3B | 1.2B | 1.3B | 1.4B | 1.5B | 1.6B | 1.8B | 2.3B | 2.3B | 2.3B | 2.1B | 2.1B | 2.0B |
| Current Liabilities | 623M | 656M | 680M | 748M | 820M | 941M | 1.0B | 1.4B | 1.2B | 1.2B | 1.3B | 1.4B | 1.3B |
| Per Share Data | |||||||||||||
| EPS | 2.26 | 2.69 | 2.67 | 2.33 | 3.57 | 3.90 | 2.70 | 5.36 | 6.03 | 3.88 | 2.44 | 1.33 | 1.28 |
| Owner EPS | 2.04 | 2.77 | 2.81 | 2.77 | 3.79 | 3.48 | 4.24 | 4.41 | 5.29 | 4.92 | 3.39 | 2.60 | -2.38 |
| Book Value | 7.24 | 7.55 | 8.45 | 8.86 | 8.74 | 9.82 | 10.63 | 12.37 | 14.38 | 14.99 | 13.36 | 12.76 | 12.04 |
| Cash Flow/Share | 2.52 | 3.29 | 3.44 | 3.63 | 4.70 | 4.46 | 5.26 | 5.40 | 6.27 | 6.01 | 3.98 | 3.20 | 6.23 |
| Dividends/Share | 0.72 | 0.80 | 0.88 | 0.96 | 1.12 | 1.24 | 1.36 | 1.52 | 1.72 | 1.92 | 2.12 | 2.36 | 2.33 |
| Shares Out. | 135.4M | 133.0M | 128.6M | 124.7M | 121.6M | 116.5M | 113.4M | 111.7M | 109.1M | 106.0M | 103.1M | 100.0M | 102.3M |
| Valuation | |||||||||||||
| P/E Ratio | 19.3 | 13.3 | 14.1 | 18.9 | 12.7 | 13.1 | 19.5 | 17.7 | 10.4 | 20.2 | 26.7 | 20.3 | 27.7 |
| P/FCF | 21.3 | 13.1 | 13.5 | 13.3 | 10.4 | 12.9 | 10.6 | 18.7 | 11.0 | 14.1 | 19.0 | 10.1 | 16.6 |
| EV/EBIT | 10.7 | 7.4 | 7.8 | 9.5 | 8.4 | 8.6 | 11.4 | 11.7 | N/A | N/A | N/A | N/A | 44.7 |
| Price/Book | 6.0 | 4.7 | 4.5 | 5.0 | 5.2 | 5.2 | 4.9 | 7.7 | 4.4 | 5.2 | 4.9 | 2.1 | 2.9 |
| Price/Sales | 1.0 | 1.1 | 0.8 | 0.9 | 1.1 | 0.9 | 1.0 | 1.3 | 1.2 | 1.1 | 1.1 | 0.8 | 0.7 |
| FCF Yield | 4.7% | 7.6% | 7.4% | 7.5% | 9.6% | 7.7% | 9.4% | 5.3% | 9.1% | 7.1% | 5.3% | 9.9% | 6.0% |
| Market Cap | 5.9B | 4.8B | 4.8B | 5.5B | 5.5B | 6.0B | 6.0B | 10.6B | 6.9B | 8.3B | 6.7B | 2.7B | 3.6B |
| Avg. Price | 34.99 | 41.53 | 31.22 | 37.86 | 50.66 | 47.95 | 44.41 | 77.61 | 78.47 | 67.21 | 64.04 | 40.47 | 35.29 |
| Year-End Price | 43.65 | 35.76 | 37.67 | 44.10 | 45.18 | 51.08 | 52.54 | 95.00 | 62.79 | 78.53 | 65.25 | 27.03 | 35.29 |
ROBERT HALF INC. passes 5 of 9 quality checks, suggesting mixed fundamentals.
ROBERT HALF INC. trades at 26.5x trailing earnings, compared to its 15-year median P/E of 18.3x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 13.4x vs a median of 13.1x. The company's 5-year average ROIC is 38.5% with a gross margin of 40.2%. Total shareholder yield (dividends + buybacks) is 7.9%. At current prices, the estimated annualized return to fair value is -3.1%.
ROBERT HALF INC. (RHI) has a net profit margin of 2.5%. This is a modest margin.
ROBERT HALF INC. (RHI) generated $267 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
ROBERT HALF INC. (RHI) has a debt-to-equity ratio of 0.19. This indicates a conservatively financed balance sheet.
ROBERT HALF INC. (RHI) reported earnings per share (EPS) of $1.33 in its most recent fiscal year.
ROBERT HALF INC. (RHI) has a return on equity (ROE) of 10.0%. This indicates moderate shareholder returns.
ROBERT HALF INC. (RHI) has a 5-year average gross margin of 40.2%. This indicates decent pricing power.
The Ledger Terminal provides 16 years of financial data for ROBERT HALF INC. (RHI), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
ROBERT HALF INC. (RHI) has a book value per share of $12.76, based on its most recent annual SEC filing.