Kelly Services (KELYA) Financials

$11.67 -0.18 (-1.52%)

Closing price 05/23/2025 04:00 PM Eastern

Extended Trading

$11.67 0.00 (-0.01%)

As of 05/23/2025 07:44 PM Eastern

Annual Income Statements for Kelly Services

This table shows Kelly Services' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/29/2024	12/31/2023	1/1/2023
Net Income / (Loss) Attributable to Common Shareholders	-0.60	36	-63
Consolidated Net Income / (Loss)	-0.60	36	-63
Net Income / (Loss) Continuing Operations	-0.60	36	-63
Total Pre-Tax Income	-22	25	-71
Total Operating Income	-15	24	15
Total Gross Profit	883	961	1,012
Total Revenue	4,332	4,836	4,965
Operating Revenue	4,332	4,836	4,965
Total Cost of Revenue	3,449	3,874	3,954
Operating Cost of Revenue	3,449	3,874	3,954
Total Operating Expenses	898	937	997
Selling, General & Admin Expense	818	935	944
Other Operating Expenses / (Income)	-1.60	0.00	19
Impairment Charge	86	2.40	41
Other Special Charges / (Income)	-5.40	0.00	-6.20
Total Other Income / (Expense), net	-6.80	0.60	-86
Interest & Investment Income	0.00	0.00	-67
Other Income / (Expense), net	-6.80	0.60	-19
Income Tax Expense	-21	-12	-7.90
Other Gains / (Losses), net	0.00	0.00	0.80
Basic Earnings per Share	($0.02)	$0.99	($1.64)
Weighted Average Basic Shares Outstanding	35.50M	35.90M	38.10M
Diluted Earnings per Share	($0.02)	$0.98	($1.64)
Weighted Average Diluted Shares Outstanding	35.50M	36.30M	38.10M
Weighted Average Basic & Diluted Shares Outstanding	34.89M	35.29M	37.17M

This table shows Kelly Services' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/29/2024	9/29/2024	6/30/2024	3/31/2024	12/31/2023	10/1/2023	7/2/2023	4/2/2023	1/1/2023	10/2/2022
Net Income / (Loss) Attributable to Common Shareholders	-32	0.80	4.60	26	11	6.60	7.50	11	-0.90	-16
Consolidated Net Income / (Loss)	-32	0.80	4.60	26	11	6.60	7.50	11	-0.90	-16
Net Income / (Loss) Continuing Operations	-32	0.80	4.60	26	11	6.60	7.50	11	-0.90	-16
Total Pre-Tax Income	-56	-1.80	5.70	30	4.90	1.70	5.60	13	4.30	-21
Total Operating Income	-57	2.60	12	27	7.30	0.10	6.20	11	4.60	-21
Total Gross Profit	242	222	214	206	238	229	241	254	250	241
Total Revenue	1,191	1,038	1,058	1,045	1,232	1,118	1,217	1,268	1,234	1,168
Operating Revenue	1,191	1,038	1,058	1,045	1,232	1,118	1,217	1,268	1,234	1,168
Total Cost of Revenue	950	816	844	839	994	890	977	1,014	984	927
Operating Cost of Revenue	950	816	844	839	994	890	977	1,014	984	927
Total Operating Expenses	298	219	202	179	231	228	234	243	246	262
Selling, General & Admin Expense	217	219	192	191	231	228	232	243	236	231
Other Special Charges / (Income)	12	0.10	-5.50	-12	-	0.00	0.00	0.00	-0.90	0.00
Total Other Income / (Expense), net	1.10	-4.40	-6.50	3.00	-2.40	1.60	-0.60	2.00	-0.30	0.20
Other Income / (Expense), net	1.10	-4.40	-6.50	3.00	-2.40	1.60	-0.60	2.00	-0.30	0.20
Income Tax Expense	-24	-2.60	1.10	4.00	-6.50	-4.90	-1.90	1.80	5.20	-5.00
Basic Earnings per Share	($0.88)	$0.02	$0.13	$0.71	$0.32	$0.18	$0.20	$0.29	($0.04)	($0.43)
Weighted Average Basic Shares Outstanding	35.50M	35.60M	35.50M	35.40M	35.90M	35.40M	36M	37.10M	38.10M	37.90M
Diluted Earnings per Share	($0.86)	$0.02	$0.12	$0.70	$0.31	$0.18	$0.20	$0.29	($0.04)	($0.43)
Weighted Average Diluted Shares Outstanding	35.50M	36M	35.90M	35.80M	36.30M	35.80M	36.40M	37.40M	38.10M	37.90M
Weighted Average Basic & Diluted Shares Outstanding	34.89M	35.61M	35.57M	35.52M	35.29M	35.28M	35.39M	36.10M	37.17M	37.95M

This table details how cash moves in and out of Kelly Services' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/29/2024	12/31/2023	1/1/2023
Net Change in Cash & Equivalents	-122	5.20	43
Net Cash From Operating Activities	27	77	-76
Net Cash From Continuing Operating Activities	27	77	-76
Net Income / (Loss) Continuing Operations	-0.60	36	-63
Consolidated Net Income / (Loss)	-0.60	36	-63
Depreciation Expense	40	34	33
Amortization Expense	11	16	19
Non-Cash Adjustments To Reconcile Net Income	82	17	147
Changes in Operating Assets and Liabilities, net	-105	-27	-213
Net Cash From Investing Activities	-362	-14	168
Net Cash From Continuing Investing Activities	-362	-14	168
Purchase of Property, Plant & Equipment	-11	-15	-12
Acquisitions	-432	0.00	-143
Sale of Property, Plant & Equipment	4.30	0.00	10
Divestitures	0.00	0.00	120
Sale and/or Maturity of Investments	0.00	0.00	197
Other Investing Activities, net	77	1.20	-3.90
Net Cash From Financing Activities	215	-60	-51
Net Cash From Continuing Financing Activities	215	-60	-51
Repayment of Debt	-1,102	-0.90	0.60
Repurchase of Common Equity	-10	-42	-35
Payment of Dividends	-11	-11	-11
Issuance of Debt	1,340	0.00	0.00
Other Financing Activities, net	-2.50	-5.50	-5.60
Other Net Changes in Cash	-2.10	2.20	2.30

This table details how cash moves in and out of Kelly Services' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/29/2024	9/29/2024	6/30/2024	3/31/2024	12/31/2023	10/1/2023	7/2/2023	4/2/2023	1/1/2023	10/2/2022
Net Change in Cash & Equivalents	5.20	-5.20	-163	41	41	-8.00	13	-41	32	-23
Net Cash From Operating Activities	15	-20	58	-26	43	10	37	-14	35	-4.40
Net Cash From Continuing Operating Activities	15	-20	58	-26	43	10	37	-14	35	-4.40
Net Income / (Loss) Continuing Operations	-32	0.80	4.60	26	11	6.60	7.50	11	-0.90	-16
Consolidated Net Income / (Loss)	-32	0.80	4.60	26	11	6.60	7.50	11	-0.90	-16
Depreciation Expense	12	11	9.60	8.00	8.30	8.40	8.80	8.40	8.70	8.60
Amortization Expense	3.00	3.10	2.40	2.20	3.80	4.00	4.10	4.30	4.30	4.40
Non-Cash Adjustments To Reconcile Net Income	75	5.30	11	-9.70	6.90	3.30	5.70	1.20	11	34
Changes in Operating Assets and Liabilities, net	-43	-41	30	-52	13	-12	11	-38	12	-35
Net Cash From Investing Activities	-6.10	-2.40	-425	72	-3.30	-3.10	-5.50	-2.20	-0.20	-7.90
Net Cash From Continuing Investing Activities	-6.10	-2.40	-425	72	-3.30	-3.10	-5.50	-2.20	-0.20	-7.90
Purchase of Property, Plant & Equipment	-2.00	-2.40	-3.00	-3.70	-2.90	-3.10	-4.90	-4.40	-6.40	-2.10
Acquisitions	-4.50	-	-	-	-	-	-	-	-	-
Divestitures	-77	-	-	77	-	-	-	0.00	6.00	-6.00
Other Investing Activities, net	75	0.10	0.80	1.10	1.60	-	-0.60	0.20	-5.40	0.20
Net Cash From Financing Activities	-2.50	16	206	-4.70	-3.00	-11	-21	-25	-13	-3.50
Net Cash From Continuing Financing Activities	-2.50	16	206	-4.70	-3.00	-11	-21	-25	-13	-3.50
Repayment of Debt	-481	-452	-169	-0.10	-	-0.20	-	-0.70	0.30	0.30
Repurchase of Common Equity	-10	-	-	0.00	-	-7.40	-17	-18	-7.80	-
Payment of Dividends	-2.70	-2.80	-2.70	-2.70	-2.70	-2.70	-2.80	-2.80	-2.90	-2.90
Issuance of Debt	491	470	-	-	-	-	-	-	-	-
Other Financing Activities, net	-0.20	-0.20	-0.20	-1.90	-0.30	-0.90	-1.30	-3.00	-2.80	-0.90

This table presents Kelly Services' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/29/2024	12/31/2023	1/1/2023
Total Assets	2,632	2,582	2,664
Total Current Assets	1,366	1,627	1,715
Cash & Equivalents	39	126	154
Accounts Receivable	1,256	1,161	1,492
Prepaid Expenses	71	49	70
Other Current Nonoperating Assets	0.00	291	0.00
Plant, Property, & Equipment, net	26	25	28
Plant, Property & Equipment, gross	140	138	167
Accumulated Depreciation	114	114	139
Total Noncurrent Assets	1,241	930	921
Goodwill	304	151	151
Intangible Assets	256	138	-
Noncurrent Deferred & Refundable Income Taxes	330	321	300
Other Noncurrent Operating Assets	350	321	470
Total Liabilities & Shareholders' Equity	2,632	2,582	2,664
Total Liabilities	1,398	1,328	1,410
Total Current Liabilities	827	1,020	1,129
Accounts Payable	614	646	723
Accrued Expenses	19	22	23
Current Deferred & Payable Income Tax Liabilities	18	17	51
Current Employee Benefit Liabilities	164	156	316
Other Current Liabilities	12	8.40	15
Other Current Nonoperating Liabilities	0.00	170	0.00
Total Noncurrent Liabilities	571	308	281
Long-Term Debt	239	0.00	-
Noncurrent Employee Benefit Liabilities	274	258	215
Other Noncurrent Operating Liabilities	58	50	66
Commitments & Contingencies	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,235	1,254	1,254
Total Preferred & Common Equity	1,235	1,254	1,254
Total Common Equity	1,235	1,254	1,254
Common Stock	73	69	67
Retained Earnings	1,230	1,242	1,216
Treasury Stock	-61	-57	-20
Accumulated Other Comprehensive Income / (Loss)	-6.90	0.20	-8.50

This table presents Kelly Services' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	9/29/2024	6/30/2024	3/31/2024	10/1/2023	7/2/2023	4/2/2023	10/2/2022
Total Assets	2,689	2,628	2,395	2,550	2,595	2,589	2,682
Total Current Assets	1,358	1,311	1,437	1,592	1,628	1,633	1,730
Cash & Equivalents	33	38	201	-	125	-	-
Accounts Receivable	1,249	1,194	1,153	1,388	1,424	1,439	1,520
Prepaid Expenses	76	79	83	86	80	82	83
Other Current Nonoperating Assets	0.00	0.00	0.00	-	-	-	4.70
Plant, Property, & Equipment, net	27	27	26	29	29	29	25
Plant, Property & Equipment, gross	139	142	141	167	166	166	169
Accumulated Depreciation	112	116	115	138	137	137	144
Total Noncurrent Assets	1,305	1,291	933	930	938	928	927
Goodwill	374	373	151	151	151	151	161
Intangible Assets	264	272	133	-	-	-	-
Noncurrent Deferred & Refundable Income Taxes	308	302	319	315	308	302	301
Other Noncurrent Operating Assets	358	343	331	463	479	475	465
Total Liabilities & Shareholders' Equity	2,689	2,628	2,395	2,550	2,595	2,589	2,682
Total Liabilities	1,407	1,348	1,119	1,314	1,353	1,341	1,429
Total Current Liabilities	841	812	798	1,025	1,055	1,051	1,143
Short-Term Debt	0.20	-	-	0.00	0.00	0.00	0.10
Accounts Payable	605	595	581	648	693	685	735
Accrued Expenses	18	19	22	23	23	23	24
Current Deferred & Payable Income Tax Liabilities	22	18	20	54	54	53	48
Current Employee Benefit Liabilities	185	168	166	288	271	276	321
Other Current Liabilities	12	12	8.40	13	14	14	14
Other Current Nonoperating Liabilities	0.00	0.00	0.00	-	-	-	-
Total Noncurrent Liabilities	566	536	321	289	298	290	286
Long-Term Debt	228	210	-	-	-	-	-
Noncurrent Employee Benefit Liabilities	277	267	270	226	234	226	216
Other Noncurrent Operating Liabilities	61	58	51	63	64	64	70
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,282	1,280	1,277	1,236	1,242	1,248	1,253
Total Preferred & Common Equity	1,282	1,280	1,277	1,236	1,242	1,248	1,253
Total Common Equity	1,282	1,280	1,277	1,236	1,242	1,248	1,253
Common Stock	71	68	66	68	68	65	65
Retained Earnings	1,265	1,267	1,265	1,233	1,229	1,224	1,220
Treasury Stock	-52	-52	-53	-57	-51	-35	-12
Accumulated Other Comprehensive Income / (Loss)	-1.30	-2.50	-0.50	-7.70	-3.40	-6.20	-20

This table displays calculated financial ratios and metrics derived from Kelly Services' official financial filings.

Metric	2024	2023	2022
Period end date	12/29/2024	12/31/2023	1/1/2023
Growth Metrics	-	-	-
Revenue Growth	-10.42%	-2.61%	1.13%
EBITDA Growth	-61.33%	56.58%	-58.35%
EBIT Growth	-187.95%	722.50%	-106.25%
NOPAT Growth	-129.76%	242.89%	-73.72%
Net Income Growth	-101.65%	158.24%	-140.04%
EPS Growth	-102.04%	159.76%	-141.94%
Operating Cash Flow Growth	-64.93%	200.52%	-189.76%
Free Cash Flow Firm Growth	-437.17%	1,306.29%	104.66%
Invested Capital Growth	42.57%	-8.60%	0.10%
Revenue Q/Q Growth	-0.94%	-0.03%	-0.33%
EBITDA Q/Q Growth	-66.70%	-0.40%	-38.83%
EBIT Q/Q Growth	-156.74%	2.47%	-115.15%
NOPAT Q/Q Growth	-119.59%	65.82%	-39.71%
Net Income Q/Q Growth	-101.41%	51.04%	-718.81%
EPS Q/Q Growth	-101.74%	55.56%	-920.00%
Operating Cash Flow Q/Q Growth	-51.27%	11.48%	-32.24%
Free Cash Flow Firm Q/Q Growth	-133.76%	285.02%	107.57%
Invested Capital Q/Q Growth	-2.88%	-18.55%	-11.77%
Profitability Metrics	-	-	-
Gross Margin	20.37%	19.88%	20.38%
EBITDA Margin	0.67%	1.55%	0.96%
Operating Margin	-0.35%	0.50%	0.30%
EBIT Margin	-0.51%	0.51%	-0.08%
Profit (Net Income) Margin	-0.01%	0.75%	-1.26%
Tax Burden Percent	2.74%	146.18%	87.78%
Interest Burden Percent	100.00%	100.00%	1,780.00%
Effective Tax Rate	0.00%	-46.18%	0.00%
Return on Invested Capital (ROIC)	-0.87%	3.37%	0.94%
ROIC Less NNEP Spread (ROIC-NNEP)	-43.47%	2.93%	38.39%
Return on Net Nonoperating Assets (RNNOA)	0.82%	-0.47%	-5.77%
Return on Equity (ROE)	-0.05%	2.90%	-4.83%
Cash Return on Invested Capital (CROIC)	-35.97%	12.36%	0.84%
Operating Return on Assets (OROA)	-0.84%	0.95%	-0.14%
Return on Assets (ROA)	-0.02%	1.39%	-2.25%
Return on Common Equity (ROCE)	-0.05%	2.90%	-4.83%
Return on Equity Simple (ROE_SIMPLE)	-0.05%	2.90%	-4.98%
Net Operating Profit after Tax (NOPAT)	-11	36	10
NOPAT Margin	-0.24%	0.73%	0.21%
Net Nonoperating Expense Percent (NNEP)	42.61%	0.44%	-37.45%
Return On Investment Capital (ROIC_SIMPLE)	-0.72%	2.83%	0.83%
Cost of Revenue to Revenue	79.63%	80.12%	79.62%
SG&A Expenses to Revenue	18.89%	19.33%	19.00%
R&D to Revenue	0.00%	0.00%	0.00%
Operating Expenses to Revenue	20.72%	19.38%	20.08%
Earnings before Interest and Taxes (EBIT)	-22	25	-4.00
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	29	75	48
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	0.38	0.60	0.50
Price to Tangible Book Value (P/TBV)	0.70	0.78	0.56
Price to Revenue (P/Rev)	0.11	0.16	0.13
Price to Earnings (P/E)	0.00	20.63	0.00
Dividend Yield	2.28%	1.41%	1.68%
Earnings Yield	0.00%	4.85%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.47	0.62	0.43
Enterprise Value to Revenue (EV/Rev)	0.15	0.13	0.09
Enterprise Value to EBITDA (EV/EBITDA)	23.09	8.34	9.78
Enterprise Value to EBIT (EV/EBIT)	0.00	25.11	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	17.60	45.20
Enterprise Value to Operating Cash Flow (EV/OCF)	24.90	8.15	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	4.80	50.57
Leverage & Solvency	-	-	-
Debt to Equity	0.19	0.00	0.00
Long-Term Debt to Equity	0.19	0.00	0.00
Financial Leverage	-0.02	-0.16	-0.15
Leverage Ratio	2.10	2.09	2.15
Compound Leverage Factor	2.10	2.09	38.19
Debt to Total Capital	16.24%	0.00%	0.06%
Short-Term Debt to Total Capital	0.00%	0.00%	0.06%
Long-Term Debt to Total Capital	16.24%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%
Common Equity to Total Capital	83.76%	100.00%	99.94%
Debt to EBITDA	8.26	0.00	0.01
Net Debt to EBITDA	6.91	0.00	-3.19
Long-Term Debt to EBITDA	8.26	0.00	0.00
Debt to NOPAT	-22.65	0.00	0.07
Net Debt to NOPAT	-18.96	0.00	-14.77
Long-Term Debt to NOPAT	-22.65	0.00	0.00
Altman Z-Score	2.72	3.20	3.03
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-
Current Ratio	1.65	1.59	1.52
Quick Ratio	1.57	1.26	1.46
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	-439	130	9.26
Operating Cash Flow to CapEx	395.59%	501.31%	-4,015.79%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00
Efficiency Ratios	-	-	-
Asset Turnover	1.66	1.84	1.79
Accounts Receivable Turnover	3.59	3.65	3.41
Inventory Turnover	0.00	0.00	0.00
Fixed Asset Turnover	171.90	184.57	157.38
Accounts Payable Turnover	5.48	5.66	5.61
Days Sales Outstanding (DSO)	101.79	100.09	107.13
Days Inventory Outstanding (DIO)	0.00	0.00	0.00
Days Payable Outstanding (DPO)	66.66	64.51	65.11
Cash Conversion Cycle (CCC)	35.13	35.59	42.02
Capital & Investment Metrics	-	-	-
Invested Capital	1,435	1,007	1,101
Invested Capital Turnover	3.55	4.59	4.51
Increase / (Decrease) in Invested Capital	429	-95	1.10
Enterprise Value (EV)	670	625	468
Market Capitalization	469	751	621
Book Value per Share	$34.67	$35.54	$33.05
Tangible Book Value per Share	$18.93	$27.35	$29.07
Total Capital	1,474	1,254	1,255
Total Debt	239	0.00	0.70
Total Long-Term Debt	239	0.00	0.00
Net Debt	200	-126	-153
Capital Expenditures (CapEx)	6.80	15	1.90
Debt-free, Cash-free Net Working Capital (DFCFNWC)	500	481	433
Debt-free Net Working Capital (DFNWC)	539	607	587
Net Working Capital (NWC)	539	607	586
Net Nonoperating Expense (NNE)	-9.97	-0.88	73
Net Nonoperating Obligations (NNO)	200	-247	-153
Total Depreciation and Amortization (D&A)	51	50	52
Debt-free, Cash-free Net Working Capital to Revenue	11.54%	9.94%	8.73%
Debt-free Net Working Capital to Revenue	12.44%	12.55%	11.82%
Net Working Capital to Revenue	12.44%	12.55%	11.81%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	($0.02)	$0.99	($1.64)
Adjusted Weighted Average Basic Shares Outstanding	35.50M	35.90M	38.10M
Adjusted Diluted Earnings per Share	($0.02)	$0.98	($1.64)
Adjusted Weighted Average Diluted Shares Outstanding	35.50M	36.30M	38.10M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	34.89M	35.29M	37.17M
Normalized Net Operating Profit after Tax (NOPAT)	46	19	35
Normalized NOPAT Margin	1.06%	0.39%	0.70%
Pre Tax Income Margin	-0.51%	0.51%	-1.43%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00
Payout Ratios	-	-	-
Dividend Payout Ratio	-1,816.67%	30.22%	-16.96%
Augmented Payout Ratio	-3,483.33%	146.15%	-72.96%

This table displays calculated financial ratios and metrics derived from Kelly Services' official financial filings.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/29/2024	9/29/2024	6/30/2024	3/31/2024	12/31/2023	10/1/2023	7/2/2023	4/2/2023	1/1/2023	10/2/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-3.34%	-7.15%	-13.12%	-17.60%	-0.13%	-4.27%	-3.95%	-2.17%	-1.32%	-2.30%
EBITDA Growth	-341.76%	-12.06%	-4.32%	57.48%	-1.73%	271.95%	-9.76%	38.80%	-63.73%	-137.44%
EBIT Growth	-1,234.69%	-205.88%	1.79%	134.65%	13.95%	108.02%	-21.13%	118.97%	-87.61%	-343.68%
NOPAT Growth	-333.70%	368.79%	18.57%	152.66%	1,864.00%	102.59%	226.80%	-43.93%	-107.77%	-322.26%
Net Income Growth	-378.95%	-87.88%	-38.67%	136.70%	1,366.67%	140.74%	240.91%	122.90%	-101.26%	-146.55%
EPS Growth	-377.42%	-88.89%	-40.00%	141.38%	875.00%	141.86%	233.33%	123.58%	-102.22%	-149.43%
Operating Cash Flow Growth	-65.36%	-303.00%	56.37%	-88.89%	22.32%	327.27%	3,175.00%	87.28%	-34.44%	73.49%
Free Cash Flow Firm Growth	-519.21%	-1,976.57%	-306.84%	199.84%	5,514.20%	108.28%	177.08%	-15.98%	99.09%	48.34%
Invested Capital Growth	42.57%	19.57%	29.99%	-13.76%	-8.60%	-0.99%	-11.76%	19.59%	0.10%	12.58%
Revenue Q/Q Growth	14.74%	-1.83%	1.19%	-15.18%	10.21%	-8.15%	-4.03%	2.80%	5.64%	-7.84%
EBITDA Q/Q Growth	-431.45%	-29.94%	-55.75%	135.29%	20.57%	-23.78%	-27.17%	46.82%	310.98%	-140.00%
EBIT Q/Q Growth	-2,988.89%	-131.58%	-80.87%	508.16%	188.24%	-69.64%	-55.91%	195.35%	120.28%	-398.59%
NOPAT Q/Q Growth	-2,280.77%	-81.51%	-57.57%	36.62%	4,274.58%	-95.32%	-9.58%	1,053.84%	93.57%	-689.57%
Net Income Q/Q Growth	-4,075.00%	-82.61%	-82.17%	126.32%	72.73%	-12.00%	-31.19%	1,311.11%	94.44%	-836.36%
EPS Q/Q Growth	-4,400.00%	-83.33%	-82.86%	125.81%	72.22%	-10.00%	-31.03%	825.00%	90.70%	-816.67%
Operating Cash Flow Q/Q Growth	173.89%	-135.18%	326.27%	-158.89%	333.00%	-72.90%	373.33%	-138.14%	904.55%	-266.67%
Free Cash Flow Firm Q/Q Growth	-95.10%	26.20%	-266.83%	74.51%	773.33%	-91.87%	180.53%	-9,363.71%	98.66%	24.26%
Invested Capital Q/Q Growth	-2.88%	1.75%	34.94%	6.92%	-18.55%	10.62%	-10.47%	13.31%	-11.77%	-1.41%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	20.28%	21.36%	20.21%	19.68%	19.33%	20.44%	19.77%	20.03%	20.28%	20.60%
EBITDA Margin	-3.45%	1.19%	1.67%	3.83%	1.38%	1.26%	1.52%	2.00%	1.40%	-0.70%
Operating Margin	-4.76%	0.25%	1.15%	2.56%	0.59%	0.01%	0.51%	0.84%	0.37%	-1.83%
EBIT Margin	-4.67%	-0.17%	0.54%	2.85%	0.40%	0.15%	0.46%	1.00%	0.35%	-1.82%
Profit (Net Income) Margin	-2.67%	0.08%	0.44%	2.47%	0.93%	0.59%	0.62%	0.86%	-0.07%	-1.39%
Tax Burden Percent	57.19%	-44.44%	80.70%	86.58%	232.65%	388.24%	133.93%	85.83%	-20.93%	76.42%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	0.00%	0.00%	19.30%	13.42%	-132.65%	-288.24%	-33.93%	14.17%	120.93%	0.00%
Return on Invested Capital (ROIC)	-11.82%	0.57%	3.23%	8.81%	6.32%	0.14%	2.80%	3.12%	-0.35%	-5.42%
ROIC Less NNEP Spread (ROIC-NNEP)	-45.54%	-0.48%	-18.91%	6.22%	9.12%	-269.94%	3.98%	1.63%	-0.38%	-3.99%
Return on Net Nonoperating Assets (RNNOA)	0.86%	-0.04%	-0.36%	-0.49%	-1.45%	0.50%	-0.21%	-0.15%	0.06%	0.27%
Return on Equity (ROE)	-10.97%	0.53%	2.87%	8.32%	4.87%	0.63%	2.58%	2.97%	-0.29%	-5.15%
Cash Return on Invested Capital (CROIC)	-35.97%	-13.85%	-21.93%	19.02%	12.36%	2.72%	12.50%	-18.10%	0.84%	-10.38%
Operating Return on Assets (OROA)	-7.76%	-0.29%	0.92%	5.28%	0.73%	0.28%	0.84%	1.84%	0.62%	-3.30%
Return on Assets (ROA)	-4.44%	0.13%	0.74%	4.57%	1.71%	1.09%	1.13%	1.58%	-0.13%	-2.52%
Return on Common Equity (ROCE)	-10.97%	0.53%	2.87%	8.32%	4.87%	0.63%	2.58%	2.97%	-0.29%	-5.15%
Return on Equity Simple (ROE_SIMPLE)	0.00%	3.32%	3.78%	4.02%	0.00%	1.95%	0.10%	-0.32%	0.00%	0.81%
Net Operating Profit after Tax (NOPAT)	-40	1.82	9.85	23	17	0.39	8.30	9.18	-0.96	-15
NOPAT Margin	-3.33%	0.18%	0.93%	2.22%	1.38%	0.03%	0.68%	0.72%	-0.08%	-1.28%
Net Nonoperating Expense Percent (NNEP)	33.72%	1.04%	22.13%	2.59%	-2.79%	270.08%	-1.18%	1.49%	0.03%	-1.43%
Return On Investment Capital (ROIC_SIMPLE)	-2.69%	-	-	-	1.35%	-	-	-	-0.08%	-
Cost of Revenue to Revenue	79.72%	78.64%	79.79%	80.32%	80.67%	79.56%	80.23%	79.97%	79.72%	79.40%
SG&A Expenses to Revenue	18.25%	21.10%	18.11%	18.23%	18.74%	20.43%	19.06%	19.19%	19.14%	19.79%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	25.04%	21.11%	19.05%	17.12%	18.74%	20.43%	19.26%	19.19%	19.91%	22.43%
Earnings before Interest and Taxes (EBIT)	-56	-1.80	5.70	30	4.90	1.70	5.60	13	4.30	-21
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-41	12	18	40	17	14	19	25	17	-8.20
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.38	0.59	0.59	0.69	0.60	0.51	0.50	0.48	0.50	0.40
Price to Tangible Book Value (P/TBV)	0.70	1.17	1.19	0.88	0.78	0.59	0.57	0.55	0.56	0.46
Price to Revenue (P/Rev)	0.11	0.17	0.17	0.19	0.16	0.13	0.13	0.12	0.13	0.10
Price to Earnings (P/E)	0.00	17.63	15.65	17.10	20.63	26.35	480.30	0.00	0.00	49.51
Dividend Yield	2.28%	1.42%	1.41%	1.21%	1.41%	1.67%	1.73%	1.85%	1.68%	1.90%
Earnings Yield	0.00%	5.67%	6.39%	5.85%	4.85%	3.80%	0.21%	0.00%	0.00%	2.02%
Enterprise Value to Invested Capital (EV/IC)	0.47	0.64	0.64	0.63	0.62	0.51	0.45	0.48	0.43	0.40
Enterprise Value to Revenue (EV/Rev)	0.15	0.22	0.21	0.15	0.13	0.13	0.10	0.12	0.09	0.10
Enterprise Value to EBITDA (EV/EBITDA)	23.09	10.87	10.47	7.55	8.34	8.43	9.43	10.97	9.78	6.39
Enterprise Value to EBIT (EV/EBIT)	0.00	24.53	22.09	16.11	25.11	26.13	356.85	208.04	0.00	18.94
Enterprise Value to NOPAT (EV/NOPAT)	0.00	17.54	17.43	13.71	17.60	29.64	5,380.20	0.00	45.20	29.10
Enterprise Value to Operating Cash Flow (EV/OCF)	24.90	17.15	10.88	10.46	8.15	9.23	9.18	37.01	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	3.06	4.80	18.78	3.35	0.00	50.57	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.19	0.18	0.16	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.19	0.18	0.16	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	-0.02	0.08	0.02	-0.08	-0.16	0.00	-0.05	-0.09	-0.15	-0.07
Leverage Ratio	2.10	2.08	2.07	1.97	2.09	2.10	2.12	2.13	2.15	2.17
Compound Leverage Factor	2.10	2.08	2.07	1.97	2.09	2.10	2.12	2.13	2.15	2.17
Debt to Total Capital	16.24%	15.12%	14.12%	0.00%	0.00%	0.00%	0.00%	0.00%	0.06%	0.01%
Short-Term Debt to Total Capital	0.00%	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.06%	0.01%
Long-Term Debt to Total Capital	16.24%	15.11%	14.12%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	83.76%	84.88%	85.88%	100.00%	100.00%	100.00%	100.00%	100.00%	99.94%	99.99%
Debt to EBITDA	8.26	2.62	2.37	0.00	0.00	0.00	0.00	0.00	0.01	0.00
Net Debt to EBITDA	6.91	2.25	1.94	0.00	0.00	0.00	0.00	0.00	-3.19	0.00
Long-Term Debt to EBITDA	8.26	2.62	2.37	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	-22.65	4.23	3.94	0.00	0.00	0.00	0.00	0.00	0.07	0.01
Net Debt to NOPAT	-18.96	3.62	3.23	0.00	0.00	0.00	0.00	0.00	-14.77	0.01
Long-Term Debt to NOPAT	-22.65	4.23	3.94	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	2.68	2.83	2.94	3.50	3.17	3.13	3.10	3.13	3.04	2.94
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.65	1.61	1.61	1.80	1.59	1.55	1.54	1.55	1.52	1.51
Quick Ratio	1.57	1.52	1.52	1.70	1.26	1.35	1.47	1.37	1.46	1.33
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-468	-240	-325	195	112	13	157	-195	-2.06	-154
Operating Cash Flow to CapEx	750.00%	-812.00%	1,923.33%	-689.19%	1,493.10%	322.58%	753.06%	-306.82%	4,425.00%	-209.52%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.66	1.67	1.71	1.85	1.84	1.85	1.83	1.84	1.79	1.82
Accounts Receivable Turnover	3.59	3.32	3.40	3.56	3.65	3.33	3.35	3.33	3.41	3.38
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	171.90	158.15	160.17	170.52	184.57	180.16	180.34	162.95	157.38	163.34
Accounts Payable Turnover	5.48	5.58	5.54	5.84	5.66	5.59	5.47	5.63	5.61	5.76
Days Sales Outstanding (DSO)	101.79	110.05	107.28	102.53	100.09	109.72	109.10	109.50	107.13	107.84
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	66.66	65.41	65.88	62.45	64.51	65.31	66.77	64.84	65.11	63.39
Cash Conversion Cycle (CCC)	35.13	44.63	41.40	40.08	35.59	44.41	42.33	44.66	42.02	44.45
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,435	1,478	1,452	1,076	1,007	1,236	1,117	1,248	1,101	1,248
Invested Capital Turnover	3.55	3.22	3.47	3.97	4.59	3.90	4.10	4.31	4.51	4.23
Increase / (Decrease) in Invested Capital	429	242	335	-172	-95	-12	-149	204	1.10	140
Enterprise Value (EV)	670	947	930	676	625	635	500	603	468	500
Market Capitalization	469	751	758	877	751	635	624	603	621	500
Book Value per Share	$34.67	$36.04	$36.03	$36.07	$35.54	$34.91	$34.40	$33.57	$33.05	$33.01
Tangible Book Value per Share	$18.93	$18.09	$17.88	$28.06	$27.35	$30.64	$30.22	$29.50	$29.07	$28.76
Total Capital	1,474	1,510	1,490	1,277	1,254	1,236	1,242	1,248	1,255	1,253
Total Debt	239	228	210	0.00	0.00	0.00	0.00	0.00	0.70	0.10
Total Long-Term Debt	239	228	210	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	200	196	172	-201	-126	0.00	-125	0.00	-153	0.10
Capital Expenditures (CapEx)	2.00	2.50	3.00	3.70	2.90	3.10	4.90	4.40	0.80	2.10
Debt-free, Cash-free Net Working Capital (DFCFNWC)	500	484	460	439	481	566	449	582	433	587
Debt-free Net Working Capital (DFNWC)	539	517	499	639	607	566	573	582	587	587
Net Working Capital (NWC)	539	517	499	639	607	566	573	582	586	587
Net Nonoperating Expense (NNE)	-7.89	1.02	5.25	-2.60	5.58	-6.21	0.80	-1.72	-0.06	1.22
Net Nonoperating Obligations (NNO)	200	196	172	-201	-247	0.00	-125	0.00	-153	-4.60
Total Depreciation and Amortization (D&A)	15	14	12	10	12	12	13	13	13	13
Debt-free, Cash-free Net Working Capital to Revenue	11.54%	11.07%	10.34%	9.51%	9.94%	11.70%	9.18%	11.78%	8.73%	11.79%
Debt-free Net Working Capital to Revenue	12.44%	11.82%	11.20%	13.86%	12.55%	11.70%	11.73%	11.78%	11.82%	11.79%
Net Working Capital to Revenue	12.44%	11.81%	11.20%	13.86%	12.55%	11.70%	11.73%	11.78%	11.81%	11.78%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.88)	$0.02	$0.13	$0.71	$0.32	$0.18	$0.20	$0.29	($0.04)	($0.43)
Adjusted Weighted Average Basic Shares Outstanding	35.50M	35.60M	35.50M	35.40M	35.90M	35.40M	36M	37.10M	38.10M	37.90M
Adjusted Diluted Earnings per Share	($0.86)	$0.02	$0.12	$0.70	$0.31	$0.18	$0.20	$0.29	($0.04)	($0.43)
Adjusted Weighted Average Diluted Shares Outstanding	35.50M	36M	35.90M	35.80M	36.30M	35.80M	36.40M	37.40M	38.10M	37.90M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	34.89M	35.61M	35.57M	35.52M	35.29M	35.28M	35.39M	36.10M	37.17M	37.95M
Normalized Net Operating Profit after Tax (NOPAT)	-32	1.89	9.85	13	5.11	0.07	6.02	9.18	2.59	6.51
Normalized NOPAT Margin	-2.65%	0.18%	0.93%	1.26%	0.41%	0.01%	0.49%	0.72%	0.21%	0.56%
Pre Tax Income Margin	-4.67%	-0.17%	0.54%	2.85%	0.40%	0.15%	0.46%	1.00%	0.35%	-1.82%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-1,816.67%	25.59%	22.31%	21.25%	30.22%	46.47%	876.92%	-287.50%	-16.96%	96.04%
Augmented Payout Ratio	-3,483.33%	25.59%	37.60%	67.84%	146.15%	253.94%	4,153.85%	-940.00%	-72.96%	365.35%

Frequently Asked Questions About Kelly Services' Financials

When does Kelly Services's fiscal year end?

According to the most recent income statement we have on file, Kelly Services' financial year ends in December. Their financial year 2024 ended on December 29, 2024.

How has Kelly Services' net income changed over the last 2 years?

Kelly Services' net income appears to be on a downward trend, with a most recent value of -$600 thousand in 2024, falling from -$62.50 million in 2022. The previous period was $36.40 million in 2023. View Kelly Services' forecast to see where analysts expect Kelly Services to go next.

What is Kelly Services's operating income?

Kelly Services's total operating income in 2024 was -$15.10 million, based on the following breakdown:

Total Gross Profit: $882.60 million
Total Operating Expenses: $897.70 million

How has Kelly Services revenue changed over the last 2 years?

Over the last 2 years, Kelly Services' total revenue changed from $4.97 billion in 2022 to $4.33 billion in 2024, a change of -12.8%.

How much debt does Kelly Services have?

Kelly Services' total liabilities were at $1.40 billion at the end of 2024, a 5.3% increase from 2023, and a 0.8% decrease since 2022.

How much cash does Kelly Services have?

In the past 2 years, Kelly Services' cash and equivalents has ranged from $39 million in 2024 to $153.70 million in 2022, and is currently $39 million as of their latest financial filing in 2024.

How has Kelly Services' book value per share changed over the last 2 years?

Over the last 2 years, Kelly Services' book value per share changed from 33.05 in 2022 to 34.67 in 2024, a change of 4.9%.

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This page (NASDAQ:KELYA) was last updated on 5/25/2025 by MarketBeat.com Staff

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Kelly Services (KELYA) Financials

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Kelly Services (KELYA) Financials

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