TrueBlue, Inc. (TBI) Stock Analysis — April 2026 Rating, Price, and Forecast
Company Overview — What Does TrueBlue, Inc. Do?
TrueBlue, Inc., together with its subsidiaries, provides specialized workforce solutions in the United States, Canada, and Puerto Rico. It operates through three segments: PeopleReady, PeopleManagement, and PeopleScout. The PeopleReady segment offers contingent staffing solutions for blue-collar, on-demand, and skilled labor in construction, manufacturing and logistics, warehousing and distribution, waste and recycling, energy, retail, hospitality, and general labor industries. The PeopleManagement segment provides contingent labor and outsourced industrial workforce solutions. This segment also offers on-site management and recruitment for the contingent industrial workforce of manufacturing, warehouse, and distribution facilities; and recruitment and management of contingent and dedicated commercial drivers to the transportation and distribution industries under the Staff Management, SIMOS Insourcing Solutions, and Centerline Drivers brands. The PeopleScout segment offers permanent employee recruitment process outsourcing services; and manages clients' contingent labor programs comprising vendor selection, performance management, compliance monitoring, and risk management. The company was formerly known as Labor Ready, Inc. and changed its name to TrueBlue, Inc. in December 2007. TrueBlue, Inc. was incorporated in 1985 and is headquartered in Tacoma, Washington. TrueBlue, Inc. (TBI) is classified as a micro-cap stock in the Industrials sector, specifically within the Business Services industry. The company is led by CEO Steven C. Cooper and employs approximately 6,500 people, headquartered in TACOMA, Washington. With a market capitalization of $116M, TBI is one of the notable companies in the Industrials sector.
TrueBlue, Inc. (TBI) Stock Rating — Reduce (April 2026)
As of April 2026, TrueBlue, Inc. receives a Reduce rating with a composite score of 33.5/100 and 2 out of 5 stars from the Blank Capital Research quantitative model.TBI ranks #3,453 out of 4,446 stocks in our coverage universe. Within the Industrials sector, TrueBlue, Inc. ranks #597 of 752 stocks, placing it in the lower half of its Industrials peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).
TBI Stock Price and 52-Week Range
TrueBlue, Inc. (TBI) currently trades at $3.33. The stock lost $0.13 (3.8%) in the most recent trading session. The 52-week high for TBI is $7.78, which means the stock is currently trading -57.2% from its annual peak. The 52-week low is $3.42, putting the stock -2.6% above its annual trough. Recent trading volume was 160K shares, suggesting relatively thin trading activity.
Is TBI Overvalued or Undervalued? — Valuation Analysis
TrueBlue, Inc. (TBI) carries a value factor score of 16/100 in the Blank Capital model, signaling premium valuation that prices in significant future growth. The price-to-book ratio stands at 0.44x, versus the sector average of 2.23x. The price-to-sales ratio is 0.08x, compared to 0.50x for the average Industrials stock. On an enterprise value basis, TBI trades at 22.38x EV/EBITDA, versus 5.70x for the sector.
At current multiples, TrueBlue, Inc. trades at a premium to most Industrials peers. This elevated valuation may be justified if the company can sustain above-average growth rates and profitability, but it also creates downside risk if earnings disappoint expectations.
TrueBlue, Inc. Profitability — ROE, Margins, and Quality Score
TrueBlue, Inc. (TBI) earns a quality factor score of 42/100, signaling below-average profitability metrics relative to the broader market. The return on equity (ROE) is -8.8%, compared to the Industrials sector average of 8.9%, which is below typical expectations for high-quality companies. Return on assets (ROA) comes in at -3.8% versus the sector average of 3.3%.
On a margin basis, TrueBlue, Inc. reports gross margins of 23.9%, compared to 35.8% for the sector. The operating margin is -1.6% (sector: 6.2%). Net profit margin stands at -1.6%, versus 3.9% for the average Industrials stock. Revenue growth is running at 8.8% on a trailing basis, compared to 6.4% for the sector. Profitability is below benchmark levels, which may reflect industry headwinds, elevated reinvestment, or structural challenges.
TBI Debt, Balance Sheet, and Financial Health
TrueBlue, Inc. has a debt-to-equity ratio of 133.0%, compared to the Industrials sector average of 70.0%. Leverage is within a manageable range for the industry, though investors should monitor debt trends over time. The current ratio is 2.15x, indicating strong short-term liquidity. Total debt on the balance sheet is $68M. Cash and equivalents stand at $20M.
TBI has a beta of 0.91, meaning it is roughly in line with the broader market in terms of price volatility. The stability factor score for TrueBlue, Inc. is 37/100, suggesting elevated price swings that may be unsuitable for conservative portfolios.
TrueBlue, Inc. Revenue and Earnings History — Quarterly Trend
In TTM 2026, TrueBlue, Inc. reported revenue of $1.58B and earnings per share (EPS) of $-1.61. Net income for the quarter was $-24M. Gross margin was 23.9%. Operating income came in at $-24M.
In FY 2025, TrueBlue, Inc. reported revenue of $1.62B and earnings per share (EPS) of $-1.61. Net income for the quarter was $-48M. Gross margin was 22.8%. Revenue grew 3.1% year-over-year compared to FY 2024. Operating income came in at $-47M.
In Q3 2025, TrueBlue, Inc. reported revenue of $431M and earnings per share (EPS) of $-0.06. Net income for the quarter was $-2M. Gross margin was 22.7%. Revenue grew 12.8% year-over-year compared to Q3 2024. Operating income came in at $-146,000.
In Q2 2025, TrueBlue, Inc. reported revenue of $396M and earnings per share (EPS) of $-0.01. Net income for the quarter was $-160,000. Gross margin was 23.6%. Revenue grew 0.0% year-over-year compared to Q2 2024. Operating income came in at $-3M.
Over the past 8 quarters, TrueBlue, Inc. has demonstrated a growth trajectory, with revenue expanding from $396M to $1.58B. Investors analyzing TBI stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.
TBI Dividend Yield and Income Analysis
TrueBlue, Inc. (TBI) does not currently pay a dividend. This is common among smaller companies in the Business Services industry that prefer to reinvest cash flows into business expansion rather than returning capital to shareholders. Income-focused investors looking for Industrials dividend stocks may want to explore other Industrials stocks or use the stock screener to filter by dividend yield.
TBI Momentum and Technical Analysis Profile
TrueBlue, Inc. (TBI) has a momentum factor score of 23/100, signaling weak relative price performance. Stocks with low momentum scores have historically tended to continue underperforming in the near term. The investment factor score is 29/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 62/100 reflects moderate short selling activity.
TBI vs Competitors — Industrials Sector Ranking and Peer Comparison
Within the Industrials sector, TrueBlue, Inc. (TBI) ranks #597 out of 752 stocks based on the Blank Capital composite score. This places TBI in the lower half of all Industrials stocks in our coverage universe. Key competitors and sector peers include South Bow Corp (SOBO) with a score of 56.5/100, TSAKOS ENERGY NAVIGATION LTD (TEN) with a score of 61.4/100, Great Lakes Dredge & Dock CORP (GLDD) with a score of 56.7/100, Tri Pointe Homes, Inc. (TPH) with a score of 57.3/100, and Clear Channel Outdoor Holdings, Inc. (CCO) with a score of 52.2/100.
Comparing TBI against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full TBI vs S&P 500 (SPY) comparison to assess how TrueBlue, Inc. stacks up against the broader market across all factor dimensions.
TBI Next Earnings Date
No upcoming earnings date has been announced for TrueBlue, Inc. (TBI) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.
Should You Buy TBI? — Investment Thesis Summary
The quantitative profile for TrueBlue, Inc. suggests caution. The value score of 16/100 indicates premium valuation. Momentum is weak at 23/100, a headwind for near-term performance. High volatility (stability score 37/100) increases portfolio risk.
In summary, TrueBlue, Inc. (TBI) earns a Reduce rating with a composite score of 33.5/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on TBI stock.
Related Resources for TBI Investors
Explore more research and tools: TBI vs S&P 500 comparison, top Industrials stocks, stock screener, our methodology, quality factor explained, value factor explained, momentum factor explained. Compare TBI head-to-head with peers: TBI vs SOBO, TBI vs TEN, TBI vs GLDD.