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TrueBlue Valuation Multiples
Discover revenue and EBITDA valuation multiples for TrueBlue and similar public comparables like Atrae, DLH Holdings, Saramin, Veteranpoolen and more.
TrueBlue Overview
About TrueBlue
TrueBlue Inc is a provider of specialized workforce solutions that connect employers with talent. Its reportable segments include PeopleReady, which provides blue-collar contingent staffing and delivers on-demand and skilled labor across industries such as construction, transportation, retail, hospitality, and energy. The PeopleManagement segment offers contingent labor and outsourced industrial workforce solutions, mainly on-site at client facilities, through its OnSite and Centerline operations, focusing on workforce management and commercial driver services. PeopleSolutions delivers services focused on professional and specialized talent acquisition, as well as workforce management and compliance. The company generates the majority of its revenue from the PeopleReady segment.
Founded
1985
HQ
Employees
3.5K
Website
Sectors
Financials (LTM)
EV
$203M
TrueBlue Financials
TrueBlue reported last 12-month revenue of $2B and EBITDA of $16M.
In the same LTM period, TrueBlue generated $372M in gross profit, $16M in EBITDA, and had net loss of ($15M).
Revenue (LTM)
TrueBlue P&L
In the most recent fiscal year, TrueBlue reported revenue of $2B and EBITDA of $12M.
TrueBlue expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $2B | XXX | $2B | XXX | XXX | XXX |
| Gross Profit | $372M | XXX | $368M | XXX | XXX | XXX |
| Gross Margin | 23% | XXX | 23% | XXX | XXX | XXX |
| EBITDA | $16M | XXX | $12M | XXX | XXX | XXX |
| EBITDA Margin | 1% | XXX | 1% | XXX | XXX | XXX |
| EBIT Margin | (1%) | XXX | (2%) | XXX | XXX | XXX |
| Net Profit | ($15M) | XXX | ($20M) | XXX | XXX | XXX |
| Net Margin | (1%) | XXX | (1%) | XXX | XXX | XXX |
| Net Debt | — | — | $41M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
TrueBlue Stock Performance
TrueBlue has current market cap of $104M, and enterprise value of $203M.
Market Cap Evolution
TrueBlue's stock price is $3.46.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $203M | $104M | -10.1% | XXX | XXX | XXX | $-0.68 |
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Start Free TrialTrueBlue Valuation Multiples
TrueBlue trades at 0.1x EV/Revenue multiple, and 12.7x EV/EBITDA.
EV / Revenue (LTM)
TrueBlue Financial Valuation Multiples
As of April 11, 2026, TrueBlue has market cap of $104M and EV of $203M.
Equity research analysts estimate TrueBlue's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
TrueBlue has a P/E ratio of (6.7x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $104M | XXX | $104M | XXX | XXX | XXX |
| EV (current) | $203M | XXX | $203M | XXX | XXX | XXX |
| EV/Revenue | 0.1x | XXX | 0.1x | XXX | XXX | XXX |
| EV/EBITDA | 12.7x | XXX | 17.2x | XXX | XXX | XXX |
| EV/EBIT | (9.7x) | XXX | (7.2x) | XXX | XXX | XXX |
| EV/Gross Profit | 0.5x | XXX | 0.6x | XXX | XXX | XXX |
| P/E | (6.7x) | XXX | (5.1x) | XXX | XXX | XXX |
| EV/FCF | (5.0x) | XXX | (2.8x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified TrueBlue Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
TrueBlue Margins & Growth Rates
TrueBlue's revenue in the last 12 month grew by 5%.
TrueBlue's revenue per employee in the last FY averaged $0.5M, while opex per employee averaged $0.1M for the same period.
TrueBlue's rule of 40 is 7% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
TrueBlue's rule of X is 15% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
TrueBlue Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 5% | XXX | 5% | XXX | XXX | XXX |
| EBITDA Margin | 1% | XXX | 1% | XXX | XXX | XXX |
| EBITDA Growth | 101% | XXX | 131% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 7% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 15% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.5M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 24% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
TrueBlue Public Comps
See public comps and valuation multiples for other Recruitment & Staffing comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Atrae | XXX | XXX | XXX | XXX | XXX | XXX |
| DLH Holdings | XXX | XXX | XXX | XXX | XXX | XXX |
| Saramin | XXX | XXX | XXX | XXX | XXX | XXX |
| Veteranpoolen | XXX | XXX | XXX | XXX | XXX | XXX |
| Ework Group | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
TrueBlue M&A Activity
TrueBlue acquired XXX companies to date.
Last acquisition by TrueBlue was on XXXXXXXX, XXXXX. TrueBlue acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by TrueBlue
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialTrueBlue Investment Activity
TrueBlue invested in XXX companies to date.
TrueBlue made its latest investment on XXXXXXXX, XXXXX. TrueBlue invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by TrueBlue
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout TrueBlue
| When was TrueBlue founded? | TrueBlue was founded in 1985. |
| Where is TrueBlue headquartered? | TrueBlue is headquartered in United States. |
| How many employees does TrueBlue have? | As of today, TrueBlue has over 3K employees. |
| Who is the CEO of TrueBlue? | TrueBlue's CEO is Taryn R. Owen. |
| Is TrueBlue publicly listed? | Yes, TrueBlue is a public company listed on NYSE. |
| What is the stock symbol of TrueBlue? | TrueBlue trades under TBI ticker. |
| When did TrueBlue go public? | TrueBlue went public in 1990. |
| Who are competitors of TrueBlue? | TrueBlue main competitors are Atrae, DLH Holdings, Saramin, Veteranpoolen. |
| What is the current market cap of TrueBlue? | TrueBlue's current market cap is $104M. |
| What is the current revenue of TrueBlue? | TrueBlue's last 12 months revenue is $2B. |
| What is the current revenue growth of TrueBlue? | TrueBlue revenue growth (NTM/LTM) is 5%. |
| What is the current EV/Revenue multiple of TrueBlue? | Current revenue multiple of TrueBlue is 0.1x. |
| Is TrueBlue profitable? | Yes, TrueBlue is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of TrueBlue? | TrueBlue's last 12 months EBITDA is $16M. |
| What is TrueBlue's EBITDA margin? | TrueBlue's last 12 months EBITDA margin is 1%. |
| What is the current EV/EBITDA multiple of TrueBlue? | Current EBITDA multiple of TrueBlue is 12.7x. |
| What is the current FCF of TrueBlue? | TrueBlue's last 12 months FCF is ($41M). |
| What is TrueBlue's FCF margin? | TrueBlue's last 12 months FCF margin is (2%). |
| What is the current EV/FCF multiple of TrueBlue? | Current FCF multiple of TrueBlue is (5.0x). |
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