TrueBlue (TBI) Operating Margin (2009 - 2026)
TrueBlue (TBI) posted quarterly Operating Margin of 4.48% for Q1 2026, down 66.0% year-over-year from 13.17% in Q1 2025, and up 36.36% quarter-over-quarter from 7.04% in Q4 2025.
TrueBlue (TBI) Operating Margin (2009 - 2026) Analysis & Trends
TrueBlue (TBI) has reported Operating Margin for 18 consecutive years, with 4.48% the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Margin fell 66.0% year-over-year to 4.48%; the TTM figure through Mar 2026 stood at 3.06% (up 289.0% YoY), while the FY2025 annual figure was 2.89%, up 303.0% from the prior year.
- Operating Margin climbed to 4.48% in Q1 2026 per TBI's latest filing, from 7.04% in the prior quarter.
- Across five years, Operating Margin topped out at 5.14% in Q2 2022 and bottomed at 15.13% in Q2 2024.
- Historically, Operating Margin has averaged 1.87% across 5 years, with a median of 1.38% in 2023.
- Annual changes were most pronounced in 2024 — Operating Margin sank 1375 bps — and 2025, when it surged 1439 bps.
- TrueBlue's Operating Margin stood at 1.23% in 2022, then plunged by 243 bps to 1.75% in 2023, then plunged by 54 bps to 2.7% in 2024, then tumbled by 161 bps to 7.04% in 2025, then soared by 36 bps to 4.48% in 2026.
- Business Quant data shows TBI's Operating Margin at 4.48% in Q1 2026, 7.04% in Q4 2025, and 0.03% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Robert Half | 4.38 Bn | 4.06 Bn | 474.03 Mn | -4.66% |
| 2 | Korn Ferry | 4.35 Bn | 3.22 Bn | 685.99 Mn | 13.21% |
| 3 | Trinet | 3.16 Bn | 1.29 Bn | - | - |
| 4 | ManpowerGroup | 2.84 Bn | 2.66 Bn | 780.30 Mn | 2.30% |
| 5 | Insperity | 1.98 Bn | 1.36 Bn | 217.00 Mn | 0.36% |
| 6 | Kforce | 972.09 Mn | 971.76 Mn | 99.45 Mn | 5.37% |
| 7 | Barrett Business Services | 807.62 Mn | 708.23 Mn | 64.85 Mn | 4.82% |
| 8 | Kelly Services | 579.49 Mn | 555.29 Mn | 212.00 Mn | 1.55% |
| 9 | TrueBlue | 320.26 Mn | 297.01 Mn | 91.58 Mn | -0.26% |
| 10 | HireQuest | 232.43 Mn | 230.79 Mn | - | 41.28% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 28, 2026 | -0.26% |
| Mar 29, 2026 | -4.48% |
| Dec 28, 2025 | -7.04% |
| Sep 28, 2025 | -0.03% |
| Jun 29, 2025 | -0.74% |
| Mar 30, 2025 | -3.81% |
| Dec 29, 2024 | -2.70% |
| Sep 29, 2024 | -1.81% |
| Jun 30, 2024 | -15.13% |
| Mar 31, 2024 | -3.85% |
| Dec 31, 2023 | -1.75% |
| Sep 24, 2023 | -0.58% |
| Jun 25, 2023 | -1.38% |
| Mar 26, 2023 | -1.28% |
| Dec 25, 2022 | 1.23% |
| Sep 25, 2022 | 4.18% |
| Jun 26, 2022 | 5.14% |
| Mar 27, 2022 | 2.17% |
| Dec 26, 2021 | 3.53% |
| Sep 26, 2021 | 3.70% |