Feed / RHI

Robert Half Inc.

RHI

Industrials · 37.67 +0.7% today

Isolated · not yet confirmedMarket checked 11 Sept, 15:55 GMT-4

Market read

Robert Half Inc.'s current read is isolated; its market group is not confirming.

The latest filing evidence is available. 0 of 17 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 5 directly disclosed connections are confirming.

What changed
  • Revenue decreased 2.4% versus the comparable filing period.
Company+0.7% todayVolume comparison unavailable
Market group0 of 17 activeInformation Services Tilt · unavailable
Disclosed network0 of 5 confirmingNo filing-linked name is confirming now
What would change this read
  • The company states the 2025 Credit Agreement contains financial covenants and that it was in compliance as of March 31, 2026.

Invalidation: The isolated read changes if RHI's group or a disclosed connection begins moving with it.

Watch this read

Research brief

The story so far

Industrials · Staffing & Employment Services

The latest filing evidence is available. 0 of 17 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 5 directly disclosed connections are confirming.

Evidence that supports

No thresholded supportive filing evidence is available yet.

Evidence that challenges
  • Revenue decreased 2.4% versus the comparable filing period.
  • Operating income moved from a profit to a loss in the comparable period.
  • Operating cash flow remained negative at -3.6M.
What would clarify the read
  • The company states the 2025 Credit Agreement contains financial covenants and that it was in compliance as of March 31, 2026.

Company research

Understand the business, not just the ticker

As of Sep 13, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods9
Price observations328
Usable filing statements76
Verified relationships5
Evidence supporting the case
  • Operating cash flow covered net income at 2.41x in the latest annual period.
Evidence challenging the case
  • Latest annual revenue changed -7.2% year over year.
  • Operating margin changed -2.7 percentage points in the latest annual period.
  • Net margin changed -1.9 percentage points in the latest annual period.
  • Macroeconomic conditions has repeated adverse evidence across 5 filings.
  • Foreign exchange has repeated adverse evidence across 4 filings.
Questions before a position
  • EV/sales is 319% above the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context

Price as of Sep 11, 2026

37.67
6m+65.5%12m+7.6%24m
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2021-12-31$6.5B+26.5%$5.36-1.4%
2022-12-31$7.2B+12.0%$6.03-2.3%
2023-12-31$6.4B-11.7%$3.88-2.8%
2024-12-31$5.8B-9.3%$2.44-2.9%
2025-12-31$5.4B-7.2%$1.33-2.6%

What management says matters

Persistent and emerging business drivers

Capital investment and capacitymixed · 5 filings
This was composed of capital expenditures of $28 million, investments in employee deferred compensation trusts of $51 million, and payments for acquisitions of $10 million, partially offset by proceeds from employee deferred compensation trust redemptions of…
10-Q · Aug 4, 2026
Demand and volumemixed · 5 filings
Because of the inherent difficulty in predicting economic trends, future demand for the Company’s services cannot be forecast with certainty.
10-Q · Aug 4, 2026
Macroeconomic conditionsnegative · 5 filings
Although the Company’s results were impacted by the ongoing macroeconomic uncertainty that affected client and candidate confidence, we believe market conditions are becoming increasingly conducive to our business.
10-Q · Aug 4, 2026
Foreign exchangenegative · 4 filings
Reported net income was $0.3 million, or 1.9%, lower in the first three months of 2026, compared to the same period one year ago due to the effect of currency exchange rates.
10-Q · May 1, 2026

Valuation discipline

Descriptive valuation snapshot

Price/sales 0.7× · EV/sales 0.6×. Comparisons use only industry-matched filing peers.

Scenario scaffold

Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.

Price action

How the market is pricing the story

37.67+0.7% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for RHI. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Latest filing assessment

The latest filing shows material pressure

10-Q filed 2026-08-04 against the comparable filing from 2025-08-05.

cautious
OperationscautiousEvidence score -4
liquiditycautiousEvidence score -2
valuationpremium

Capital and cash conversion

Reported investment and cash context

Capital spending YoY
-43.2%
Capital spending / revenue
+0.6%
Free-cash-flow margin
-0.7%
FCF margin change
-1.9 pts

Capex, revenue, and operating cash flow are matched to the same reported duration. Reported accounting context, not a forecast or trading recommendation.

What improved

No thresholded improvement was identified.

What weakened

  • Revenue decreased 2.4% versus the comparable filing period.
  • Operating income moved from a profit to a loss in the comparable period.
  • Operating cash flow remained negative at -3.6M.

Filing receipts

The year-over-year decrease in adjusted gross margin percentage was primarily due to cost reduction charges incurred in the quarter, as well as the relative composition of and number of professional staff and their respective pay and bill rates.

The year-over-year decrease in adjusted gross margin percentage was primarily due to the relative composition of and number of professional staff and their respective pay and bill rates as well as cost reduction charges incurred in the period.

The decrease in contract talent solutions revenues for the six months ended June 30, 2026, was primarily due to a 5.0% decrease in the number of hours worked by the Company’s engagement professionals, partially offset by a 1.8% increase in average bill rates.

Historical filing backfill generated after the original filing window. It is not part of Jodie's live track record.

Business ecosystem

The relationships behind RHI

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Depended on by

BBSIBarrett Business Services, Inc.competitorFeb 26, 2026

BBSI is not aware of reliable statistics regarding the number of its competitors, but certain large, well-known companies typically compete with us in the same markets and have greater financial and marketing resources than we do, including Automatic Data Pro…

Filing peers

No filing peers are available for this name yet.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks 4 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

RHI is currently a Participant in the organic co-movement group Information Services Tilt. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 1 filing-linked name are in the relationship map; none is currently confirmed as moving with the group.

This group is retained as the last observed read for RHI; it is not active in the latest market snapshot.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.