TrueBlue (TBI) Gross Margin (2009 - 2026)
TrueBlue (TBI) posted quarterly Gross Margin of 19.83% for Q1 2026, down 349.0% year-over-year from 7.96% in Q1 2025, and down 7.93% quarter-over-quarter from 21.53% in Q4 2025.
TrueBlue (TBI) Gross Margin (2009 - 2026) Analysis & Trends
TrueBlue (TBI) has reported Gross Margin for 18 consecutive years, with 19.83% the latest figure, recorded in Q1 2026.
- In Q1 2026, Gross Margin fell 349.0% year-over-year to 19.83%; the TTM figure through Mar 2026 stood at 21.93% (down 370.0% YoY), while the FY2025 annual figure was 22.76%, down 317.0% from the prior year.
- Gross Margin eased to 19.83% in Q1 2026 per TBI's latest filing, from 21.53% in the prior quarter.
- Across five years, Gross Margin topped out at 27.85% in Q2 2022 and bottomed at 19.83% in Q1 2026.
- Historically, Gross Margin has averaged 25.16% across 5 years, with a median of 26.16% in 2024.
- Annual changes were most pronounced in 2022 — Gross Margin soared 169 bps — and 2025, when it plunged 504 bps.
- TrueBlue's Gross Margin stood at 26.51% in 2022, then decreased by 2 bps to 26.06% in 2023, then advanced by 2 bps to 26.57% in 2024, then declined by 19 bps to 21.53% in 2025, then fell by 8 bps to 19.83% in 2026.
- Business Quant data shows TBI's Gross Margin at 19.83% in Q1 2026, 21.53% in Q4 2025, and 22.7% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Robert Half | 4.38 Bn | 4.06 Bn | 474.03 Mn | 35.47% |
| 2 | Korn Ferry | 4.35 Bn | 3.22 Bn | 685.99 Mn | 89.29% |
| 3 | Trinet | 3.16 Bn | 1.29 Bn | - | - |
| 4 | ManpowerGroup | 2.84 Bn | 2.66 Bn | 780.30 Mn | 16.05% |
| 5 | Insperity | 1.98 Bn | 1.36 Bn | 217.00 Mn | 12.87% |
| 6 | Kforce | 972.09 Mn | 971.76 Mn | 99.45 Mn | 28.47% |
| 7 | Barrett Business Services | 807.62 Mn | 708.23 Mn | 64.85 Mn | 20.31% |
| 8 | Kelly Services | 579.49 Mn | 555.29 Mn | 212.00 Mn | 20.42% |
| 9 | TrueBlue | 320.26 Mn | 297.01 Mn | 91.58 Mn | 20.67% |
| 10 | HireQuest | 232.43 Mn | 230.79 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 28, 2026 | 20.67% |
| Mar 29, 2026 | 19.83% |
| Dec 28, 2025 | 21.53% |
| Sep 28, 2025 | 22.70% |
| Jun 29, 2025 | 23.61% |
| Mar 30, 2025 | 23.32% |
| Dec 29, 2024 | 26.57% |
| Sep 29, 2024 | 26.16% |
| Jun 30, 2024 | 26.35% |
| Mar 31, 2024 | 24.67% |
| Dec 31, 2023 | 26.06% |
| Sep 24, 2023 | 26.24% |
| Jun 25, 2023 | 27.44% |
| Mar 26, 2023 | 26.46% |
| Dec 25, 2022 | 26.51% |
| Sep 25, 2022 | 27.08% |
| Jun 26, 2022 | 27.85% |
| Mar 27, 2022 | 25.36% |
| Dec 26, 2021 | 26.82% |
| Sep 26, 2021 | 25.39% |