Reading the tape
NASDAQ: BBSI
Barrett Business Services, Inc.
Industrials · Staffing & Employment Services
Market Cap
$747.10M
52w High
$49.65
52w Low
$25.33
P/E
14.10
Volume
30.35K
Outstanding Shares
24.56M
Price vs Fundamentals
Why The Stock Is Moving
Likely multiple compressionModerate confidence
Note: The most recent financial data is over 3 months old. Metrics shown may not reflect the latest reporting period.
1Y Price: -27.32%Revenue (TTM): 8.37%P/FCF: 70th pct
What changed
The stock fell 27.32% over the last year. Revenue grew 8.37% over the trailing twelve months. Operating margin moved from 5.22% to 5.01%.
What the market seems to be pricing
Visible fundamentals weakened far less than the stock price. The market appears to be discounting durability, risk, or trust rather than just the latest reported numbers.
What would invalidate this read
This read changes if operating margin (currently 5.01%) continues to decline, or if revenue growth turns negative. The bull case requires the business to hold its current trajectory.
Company profile
Barrett Business Services, Inc. provides business management solutions for small and mid-sized companies in the United States.
CEOGary Edward Kramer Jr.
SectorIndustrials
IndustryStaffing & Employment Services
Employees135,727
IPO dateJun 11, 1993
Valuation
Forward P/E—
EV/EBITDA10.59
Enterprise value$847.78M
Stock splits
Jun 24, 2024↑ Forward
Every 1 shares became 4
Dec 5, 2013↓ Reverse
Every 2 shares became 1
May 20, 2005↑ Forward
Every 2 shares became 3
May 24, 1994↑ Forward
Every 1 shares became 2
Profitability & growth
Revenue growth5.35%
Gross margin21.04%▼4.93%vs FY2024
Operating margin5.01%▼4.04%vs FY2024
ROE22.59%▼5.61%vs FY2024
Analyst consensus
RatingBuy
Target price$46.00▲51.22%
4
Buy
1
Hold
0
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
May 6, 2026
Q2 FY26 · EPS est -$0.16 · Revenue est $306.68M
View
Dividends
$0.32/shareQuarterlyDividend Achiever · 18yrSafeBBSI pays a dividend with a 1.05% dividend yield, 18 consecutive years of growth, growing at 1.3% annually, covered 5.8× by free cash flow.
Dividend Yield
1.05%
Annual Div / Share
$0.32
5yr CAGR
+1.3%
Doubles every ~53.7yr
Payout Ratio
15.03%
Safe
Dividend Growth Rate
3yr CAGR
+2.17%
5yr CAGR
+1.3%
10yr CAGR
+3.82%
Dividend Safety
10/10Safe
Dividend History
Annualized dividend cycles per share
YearAnnual DivYoY
2025$0.32+1.6%
2024$0.32+5.0%
2023$0.30+0.0%
2022$0.30+0.0%
2021$0.30+0.0%
2020$0.30+4.3%
2019$0.29+15.0%
Income Projection
Invest
$
Growth rate:
Reinvest dividends
Today
$11/yr
$1/mo
In 5 yrs
$11/yr+7%
$1/mo
In 10 yrs
$12/yr+14%
$1/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$11/yr $1/mo | $11/yr+7% $1/mo | $12/yr+14% $1/mo |
Yield-on-cost grows from 1.05% → 1.2% over 10yr
Analysis
Dividend Strengths
Dividend Achiever
BBSI has raised its dividend for 18 consecutive years — qualifying as a Dividend Achiever, demonstrating long-term commitment to shareholder income.
Well-covered by free cash flow
The dividend is covered 5.8× by free cash flow, indicating the company generates sufficient cash to sustain and potentially grow the payout without straining its finances.
Risks to Watch
No strong risk signal stands out from the latest period pair.