Robert Half (RHI) Financials

$25.24 +0.34 (+1.37%)

As of 11:25 AM Eastern

Annual Income Statements for Robert Half

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

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	358	343	291	434	454	306	599	658	411	252	133
Consolidated Net Income / (Loss)	358	343	291	434	454	306	599	658	411	252	133
Net Income / (Loss) Continuing Operations	358	343	291	434	454	306	599	658	411	252	133
Total Pre-Tax Income	581	554	518	592	626	422	804	897	577	358	194
Total Operating Income	580	553	516	587	620	345	743	889	553	336	183
Total Gross Profit	2,114	2,161	2,164	2,411	2,525	2,013	2,696	3,094	2,575	2,247	2,002
Total Revenue	5,095	5,250	5,267	5,800	6,074	5,109	6,461	7,238	6,393	5,796	5,379
Operating Revenue	5,095	5,250	5,267	5,800	6,074	5,109	6,461	7,238	6,393	5,796	5,379
Total Cost of Revenue	2,980	3,090	3,103	3,389	3,549	3,096	3,765	4,144	3,818	3,549	3,376
Operating Cost of Revenue	2,980	3,090	3,103	3,389	3,549	3,096	3,765	4,144	3,818	3,549	3,376
Total Operating Expenses	1,534	1,607	1,648	1,824	1,905	1,667	1,954	2,205	2,022	1,912	1,820
Selling, General & Admin Expense	1,534	1,606	1,647	1,811	1,958	1,666	1,951	2,117	2,110	2,006	1,926
Other Operating Expenses / (Income)	-	-	-	11	-55	-	-	86	-88	-94	-106
Total Other Income / (Expense), net	0.55	0.89	1.80	4.38	5.13	77	61	8.01	24	22	12
Interest Expense	-0.55	-0.89	-1.80	-4.38	-5.13	-1.34	-0.20	-8.01	-24	-22	-12
Income Tax Expense	223	211	227	157	171	116	205	239	165	106	61
Basic Earnings per Share	$2.72	$2.68	$2.34	$3.60	$3.93	$2.72	$5.42	$6.08	$3.90	$2.45	$1.33
Weighted Average Basic Shares Outstanding	131.75M	127.99M	124.15M	120.51M	115.66M	112.73M	110.48M	108.21M	105.53M	102.66M	100.12M
Diluted Earnings per Share	$2.69	$2.67	$2.33	$3.57	$3.90	$2.70	$5.36	$6.03	$3.88	$2.44	$1.33
Weighted Average Diluted Shares Outstanding	132.93M	128.77M	124.89M	121.60M	116.41M	113.32M	111.72M	109.17M	106.07M	103.03M	100.31M
Weighted Average Basic & Diluted Shares Outstanding	131.50M	128.10M	124.20M	120.60M	115.12M	113.12M	110.69M	107.70M	105.21M	102.20M	101.14M
Cash Dividends to Common per Share	$0.80	$0.88	$0.96	$1.12	$1.24	$1.36	$3.04	$1.72	$1.92	$2.12	$2.36

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

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	96	87	64	68	65	54	17	41	43	32	14
Consolidated Net Income / (Loss)	96	87	64	68	65	54	17	41	43	32	14
Net Income / (Loss) Continuing Operations	96	87	64	68	65	54	17	41	43	32	14
Total Pre-Tax Income	136	120	91	96	95	75	22	61	64	47	31
Total Operating Income	129	113	84	91	90	70	19	59	61	43	29
Total Gross Profit	641	584	563	577	572	536	499	509	504	490	480
Total Revenue	1,564	1,473	1,476	1,473	1,465	1,382	1,352	1,370	1,354	1,302	1,300
Operating Revenue	1,564	1,473	1,476	1,473	1,465	1,382	1,352	1,370	1,354	1,302	1,300
Total Cost of Revenue	923	889	913	896	893	846	853	860	850	813	820
Operating Cost of Revenue	923	889	913	896	893	846	853	860	850	813	820
Total Operating Expenses	512	471	479	485	482	466	480	450	443	446	451
Selling, General & Admin Expense	497	517	522	501	511	471	460	508	491	467	443
Other Operating Expenses / (Income)	14	-47	-43	-16	-29	-5.74	20	-58	-48	-21	8.23
Total Other Income / (Expense), net	7.13	6.70	6.41	5.19	5.39	5.13	3.57	2.24	2.51	3.48	2.76
Interest Expense	-7.13	-6.70	-6.41	-5.19	-5.39	-5.13	-3.57	-2.24	-2.51	-3.48	-2.76
Income Tax Expense	41	33	27	28	30	21	4.93	20	21	15	18
Basic Earnings per Share	$0.91	$0.84	$0.61	$0.66	$0.64	$0.54	$0.17	$0.41	$0.43	$0.32	$0.14
Weighted Average Basic Shares Outstanding	105.34M	105.53M	103.79M	103.15M	102.18M	102.66M	100.67M	100.41M	99.90M	100.12M	99.62M
Diluted Earnings per Share	$0.90	$0.84	$0.61	$0.66	$0.64	$0.53	$0.17	$0.41	$0.43	$0.32	$0.14
Weighted Average Diluted Shares Outstanding	105.81M	106.07M	104.40M	103.33M	102.39M	103.03M	101.02M	100.54M	100.04M	100.31M	99.90M
Weighted Average Basic & Diluted Shares Outstanding	105.89M	105.21M	104.93M	104.06M	103.25M	102.20M	102.16M	101.74M	101.19M	101.14M	102.29M
Cash Dividends to Common per Share	$0.48	$0.48	$0.53	$0.53	$0.53	$0.53	$0.59	$0.59	$0.59	$0.59	$0.59

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

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	-63	36	22	-18	-6.10	304	45	40	73	-194	-73
Net Cash From Operating Activities	438	442	453	572	520	597	603	684	637	410	320
Net Cash From Continuing Operating Activities	438	442	453	572	520	597	603	684	637	410	320
Net Income / (Loss) Continuing Operations	358	343	291	434	454	306	599	658	411	252	133
Consolidated Net Income / (Loss)	358	343	291	434	454	306	599	658	411	252	133
Depreciation Expense	53	63	64	64	64	62	52	47	51	52	50
Amortization Expense	0.19	1.24	1.56	1.71	4.99	20	30	31	48	37	32
Non-Cash Adjustments To Reconcile Net Income	45	50	97	93	31	109	127	107	-3.08	-36	-16
Changes in Operating Assets and Liabilities, net	-18	-16	0.20	-21	-35	99	-205	-159	130	105	122
Net Cash From Investing Activities	-118	-112	-78	-89	-102	9.46	-88	-117	-112	-87	-86
Net Cash From Continuing Investing Activities	-118	-112	-78	-89	-102	9.46	-88	-117	-112	-87	-86
Purchase of Property, Plant & Equipment	-75	-83	-41	-42	-59	-33	-37	-61	-46	-56	-53
Acquisitions	-15	-2.20	-1.16	0.00	0.00	-16	0.00	-19	-1.04	-0.26	-11
Purchase of Investments	-	-	-	-70	-71	-64	-85	-67	-103	-69	-80
Other Investing Activities, net	-28	-27	-37	24	29	123	34	31	38	39	58
Net Cash From Financing Activities	-369	-288	-353	-490	-423	-315	-459	-509	-461	-496	-330
Net Cash From Continuing Financing Activities	-369	-288	-353	-490	-423	-315	-459	-509	-461	-496	-330
Repurchase of Common Equity	-271	-176	-232	-354	-278	-159	-288	-320	-255	-276	-92
Payment of Dividends	-108	-114	-121	-136	-146	-156	-171	-189	-206	-220	-238
Effect of Exchange Rate Changes	-14	-5.92	-	-12	-0.23	13	-12	-18	9.02	-21	23
Cash Interest Paid	0.29	0.27	0.28	0.23	0.23	0.58	0.55	0.37	0.32	0.27	0.23
Cash Income Taxes Paid	213	219	191	137	192	128	220	218	168	144	42

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

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	6.71	2.27	-191	6.43	23	-33	-195	38	-15	99	-186
Net Cash From Operating Activities	176	115	-16	142	130	155	-59	119	77	183	-112
Net Cash From Continuing Operating Activities	176	115	-16	142	130	155	-59	119	77	183	-112
Net Income / (Loss) Continuing Operations	96	87	64	68	65	54	17	41	43	32	14
Consolidated Net Income / (Loss)	96	87	64	68	65	54	17	41	43	32	14
Depreciation Expense	13	13	13	13	13	13	13	13	12	12	12
Amortization Expense	9.57	20	9.49	9.71	9.26	8.81	8.61	8.49	7.49	7.01	6.39
Non-Cash Adjustments To Reconcile Net Income	28	-49	-108	57	4.09	4.02	-8.41	22	-36	6.42	-33
Changes in Operating Assets and Liabilities, net	30	42	5.72	-5.66	38	74	-90	36	51	125	-112
Net Cash From Investing Activities	-13	-21	-22	-15	-21	-29	-33	-16	-14	-23	-3.28
Net Cash From Continuing Investing Activities	-13	-21	-22	-15	-21	-29	-33	-16	-14	-23	-3.28
Purchase of Property, Plant & Equipment	-15	-12	-12	-12	-18	-14	-12	-15	-14	-12	-8.50
Purchase of Investments	-7.42	-14	-33	-10	-7.50	-19	-42	-8.72	-6.67	-22	-25
Other Investing Activities, net	9.18	4.40	22	7.31	4.70	4.31	22	18	7.23	11	31
Net Cash From Financing Activities	-145	-106	-143	-115	-103	-135	-111	-80	-80	-59	-68
Net Cash From Continuing Financing Activities	-145	-106	-143	-115	-103	-135	-111	-80	-80	-59	-68
Repurchase of Common Equity	-94	-56	-86	-60	-49	-80	-50	-21	-21	-0.02	-6.12
Payment of Dividends	-51	-51	-58	-55	-54	-54	-61	-59	-59	-59	-62
Effect of Exchange Rate Changes	-11	15	-9.46	-5.05	18	-24	8.17	15	1.18	-1.61	-2.59

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

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	1,671	1,778	1,867	1,903	2,311	2,557	2,952	2,964	3,011	2,854	2,856
Total Current Assets	1,198	1,284	1,432	1,474	1,629	1,843	2,269	2,285	2,297	2,129	2,119
Cash & Equivalents	225	260	295	277	270	574	619	659	732	538	464
Accounts Receivable	705	703	732	794	833	714	985	1,018	861	772	748
Other Current Assets	269	321	405	403	526	554	665	608	705	820	906
Plant, Property, & Equipment, net	143	162	145	125	128	110	93	110	109	120	129
Total Noncurrent Assets	330	332	291	304	554	605	590	570	605	605	608
Goodwill	209	210	211	210	210	223	223	238	238	237	251
Noncurrent Deferred & Refundable Income Taxes	117	119	75	91	101	114	135	125	140	158	134
Other Noncurrent Operating Assets	-	-	-	-	241	263	229	207	227	210	223
Total Liabilities & Shareholders' Equity	1,671	1,778	1,867	1,903	2,311	2,557	2,952	2,964	3,011	2,854	2,856
Total Liabilities	667	691	762	840	1,168	1,352	1,571	1,396	1,422	1,476	1,580
Total Current Liabilities	656	680	748	820	941	1,047	1,359	1,216	1,235	1,286	1,385
Accounts Payable	148	136	127	168	124	131	184	168	157	167	159
Current Deferred & Payable Income Tax Liabilities	2.51	5.14	7.88	13	1.62	4.02	16	16	11	2.98	1.64
Current Employee Benefit Liabilities	505	539	613	639	744	833	1,075	946	987	1,051	1,154
Other Current Liabilities	-	-	-	-	71	79	84	86	80	65	70
Total Noncurrent Liabilities	12	11	14	20	227	306	213	180	187	191	196
Other Noncurrent Operating Liabilities	11	11	14	20	227	306	213	180	187	191	196
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,004	1,087	1,105	1,063	1,144	1,205	1,381	1,569	1,588	1,378	1,276
Total Preferred & Common Equity	1,004	1,087	1,105	1,063	1,144	1,205	1,381	1,569	1,588	1,378	1,276
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	1,004	1,087	1,105	1,063	1,144	1,205	1,381	1,569	1,588	1,378	1,276
Common Stock	980	1,023	1,065	1,079	1,128	1,180	1,236	1,294	1,355	1,418	1,305
Retained Earnings	34	85	37	0.00	36	30	168	319	266	25	0.00
Accumulated Other Comprehensive Income / (Loss)	-10	-21	3.51	-16	-20	-4.73	-23	-44	-33	-65	-29

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

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	3,068	3,021	3,011	2,890	2,938	2,982	2,854	2,697	2,832	2,846	2,704
Total Current Assets	2,378	2,328	2,297	2,187	2,227	2,256	2,129	1,966	2,078	2,116	1,969
Cash & Equivalents	723	729	732	541	547	570	538	342	381	365	278
Accounts Receivable	974	941	861	861	893	885	772	787	827	838	776
Other Current Assets	681	658	705	784	787	800	820	837	871	913	915
Plant, Property, & Equipment, net	106	109	109	107	113	120	120	126	130	129	130
Total Noncurrent Assets	583	584	605	596	597	606	605	605	624	601	604
Goodwill	238	238	238	238	238	238	237	237	251	251	251
Noncurrent Deferred & Refundable Income Taxes	128	134	140	134	144	150	158	154	157	132	124
Other Noncurrent Operating Assets	217	213	227	224	215	218	210	213	217	218	230
Total Liabilities & Shareholders' Equity	3,068	3,021	3,011	2,890	2,938	2,982	2,854	2,697	2,832	2,846	2,704
Total Liabilities	1,442	1,441	1,422	1,370	1,458	1,508	1,476	1,384	1,520	1,560	1,472
Total Current Liabilities	1,277	1,276	1,235	1,180	1,263	1,310	1,286	1,190	1,323	1,365	1,269
Accounts Payable	149	143	157	145	159	161	167	145	150	151	146
Current Deferred & Payable Income Tax Liabilities	67	98	11	24	19	14	2.98	2.23	7.08	2.18	1.21
Current Employee Benefit Liabilities	978	954	987	935	1,015	1,069	1,051	976	1,097	1,142	1,053
Other Current Liabilities	82	81	80	76	71	66	65	67	69	70	69
Total Noncurrent Liabilities	166	165	187	191	194	198	191	193	198	195	204
Other Noncurrent Operating Liabilities	166	165	187	191	194	198	191	193	198	195	204
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,625	1,580	1,588	1,519	1,480	1,474	1,378	1,313	1,312	1,286	1,231
Total Preferred & Common Equity	1,625	1,580	1,588	1,519	1,480	1,474	1,378	1,313	1,312	1,286	1,231
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	1,625	1,580	1,588	1,519	1,480	1,474	1,378	1,313	1,312	1,286	1,231
Common Stock	1,325	1,340	1,355	1,372	1,387	1,403	1,418	1,367	1,342	1,319	1,264
Retained Earnings	337	290	266	192	144	104	25	0.00	0.00	0.00	0.00
Accumulated Other Comprehensive Income / (Loss)	-37	-50	-33	-44	-51	-33	-65	-54	-30	-33	-33

This table displays calculated financial ratios and metrics derived from Robert Half's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	8.52%	3.05%	0.31%	10.13%	4.73%	-15.89%	26.47%	12.02%	-11.68%	-9.33%	-7.20%
EBITDA Growth	16.04%	-2.59%	-5.88%	12.38%	5.58%	-38.05%	93.09%	17.21%	-32.61%	-34.79%	-37.82%
EBIT Growth	16.89%	-4.70%	-6.78%	13.86%	5.65%	-44.33%	115.00%	19.72%	-37.84%	-39.28%	-45.60%
NOPAT Growth	17.01%	-4.09%	-15.54%	48.86%	4.56%	-44.37%	120.56%	17.91%	-39.57%	-40.10%	-47.08%
Net Income Growth	16.95%	-4.03%	-15.38%	49.45%	4.64%	-32.60%	95.45%	9.90%	-37.51%	-38.81%	-47.14%
EPS Growth	19.03%	-0.74%	-12.73%	53.22%	9.24%	-30.77%	98.52%	12.50%	-35.66%	-37.11%	-45.49%
Operating Cash Flow Growth	28.63%	0.88%	2.47%	26.34%	-9.21%	14.80%	1.11%	13.37%	-6.85%	-35.55%	-22.05%
Free Cash Flow Firm Growth	5.60%	9.10%	3.32%	48.92%	-19.95%	35.40%	-14.44%	19.46%	-11.26%	-43.62%	-38.98%
Invested Capital Growth	12.44%	6.03%	-1.94%	-2.97%	10.97%	-27.76%	20.75%	19.41%	-5.86%	-1.89%	-3.45%
Revenue Q/Q Growth	1.66%	-0.75%	1.57%	2.39%	0.93%	-4.37%	7.77%	-0.59%	-3.82%	-1.54%	-1.47%
EBITDA Q/Q Growth	1.93%	-2.70%	0.65%	3.99%	0.17%	-18.27%	14.58%	-2.71%	-12.44%	8.51%	-10.13%
EBIT Q/Q Growth	1.93%	-3.45%	0.77%	4.48%	-0.10%	-22.20%	16.78%	-3.09%	-16.02%	15.41%	-12.79%
NOPAT Q/Q Growth	2.70%	-4.37%	-9.65%	17.97%	-0.15%	-22.33%	17.80%	-3.99%	-16.23%	14.80%	-14.52%
Net Income Q/Q Growth	2.70%	-4.36%	-9.57%	18.09%	-0.16%	-5.67%	14.00%	-2.99%	-12.80%	-11.60%	-14.49%
EPS Q/Q Growth	3.07%	-3.61%	-8.63%	18.60%	0.78%	-5.26%	14.78%	-2.27%	-12.22%	-11.27%	-13.64%
Operating Cash Flow Q/Q Growth	8.71%	-7.59%	-3.64%	11.39%	-7.55%	-7.55%	23.05%	9.16%	-12.10%	10.86%	9.48%
Free Cash Flow Firm Q/Q Growth	-1.50%	-4.84%	-7.85%	13.91%	-11.14%	-4.23%	7.02%	8.67%	-13.55%	65.13%	19.59%
Invested Capital Q/Q Growth	3.24%	2.97%	2.40%	3.83%	9.26%	3.92%	11.67%	1.38%	0.72%	-6.97%	-11.88%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	41.50%	41.15%	41.08%	41.57%	41.57%	39.39%	41.72%	42.75%	40.28%	38.77%	37.23%
EBITDA Margin	12.44%	11.76%	11.04%	11.26%	11.35%	8.36%	12.77%	13.36%	10.19%	7.33%	4.91%
Operating Margin	11.39%	10.54%	9.79%	10.12%	10.21%	6.76%	11.49%	12.28%	8.64%	5.79%	3.39%
EBIT Margin	11.39%	10.54%	9.79%	10.12%	10.21%	6.76%	11.49%	12.28%	8.64%	5.79%	3.39%
Profit (Net Income) Margin	7.02%	6.54%	5.52%	7.49%	7.48%	5.99%	9.26%	9.09%	6.43%	4.34%	2.47%
Tax Burden Percent	61.58%	61.97%	56.15%	73.41%	72.65%	72.60%	74.48%	73.35%	71.31%	70.34%	68.43%
Interest Burden Percent	100.09%	100.16%	100.35%	100.75%	100.83%	122.16%	108.25%	100.90%	104.34%	106.59%	106.46%
Effective Tax Rate	38.42%	38.03%	43.85%	26.59%	27.35%	27.40%	25.52%	26.65%	28.69%	29.66%	31.57%
Return on Invested Capital (ROIC)	48.49%	42.65%	35.34%	53.93%	54.27%	33.32%	79.39%	78.00%	44.61%	27.82%	15.12%
ROIC Less NNEP Spread (ROIC-NNEP)	48.36%	42.42%	34.98%	52.80%	52.91%	20.16%	71.74%	77.08%	42.15%	25.37%	13.51%
Return on Net Nonoperating Assets (RNNOA)	-12.41%	-9.79%	-8.83%	-13.88%	-13.09%	-7.25%	-33.10%	-33.39%	-18.57%	-10.85%	-5.10%
Return on Equity (ROE)	36.07%	32.85%	26.51%	40.05%	41.18%	26.08%	46.29%	44.61%	26.05%	16.96%	10.02%
Cash Return on Invested Capital (CROIC)	36.78%	36.80%	37.30%	56.94%	43.87%	65.56%	60.59%	60.31%	50.65%	29.73%	18.64%
Operating Return on Assets (OROA)	34.99%	32.08%	28.29%	31.15%	29.44%	14.19%	26.95%	30.05%	18.50%	11.44%	6.39%
Return on Assets (ROA)	21.56%	19.91%	15.94%	23.04%	21.57%	12.58%	21.73%	22.24%	13.76%	8.58%	4.66%
Return on Common Equity (ROCE)	36.07%	32.85%	26.51%	40.05%	41.18%	26.08%	46.29%	44.61%	26.05%	16.96%	10.02%
Return on Equity Simple (ROE_SIMPLE)	35.64%	31.60%	26.29%	40.85%	39.73%	25.41%	43.35%	41.94%	25.89%	18.26%	0.00%
Net Operating Profit after Tax (NOPAT)	357	343	290	431	451	251	553	652	394	236	125
NOPAT Margin	7.02%	6.53%	5.50%	7.43%	7.42%	4.91%	8.56%	9.01%	6.16%	4.07%	2.32%
Net Nonoperating Expense Percent (NNEP)	0.13%	0.23%	0.37%	1.13%	1.36%	13.16%	7.65%	0.92%	2.46%	2.45%	1.61%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	41.57%	24.81%	17.13%	9.79%
Cost of Revenue to Revenue	58.50%	58.85%	58.92%	58.43%	58.43%	60.61%	58.28%	57.25%	59.72%	61.23%	62.77%
SG&A Expenses to Revenue	30.10%	30.59%	31.26%	31.22%	32.24%	32.61%	30.20%	29.25%	32.97%	34.59%	35.81%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	30.11%	30.62%	31.29%	31.44%	31.36%	32.63%	30.23%	30.47%	31.64%	32.98%	33.83%
Earnings before Interest and Taxes (EBIT)	580	553	516	587	620	345	743	889	553	336	183
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	634	618	581	653	690	427	825	967	652	425	264
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	5.16	4.90	5.44	5.74	5.75	5.43	8.40	4.83	5.69	5.28	2.15
Price to Tangible Book Value (P/TBV)	6.55	6.09	6.76	7.18	7.06	6.70	10.04	5.69	6.69	6.38	2.68
Price to Revenue (P/Rev)	1.02	1.01	1.14	1.05	1.08	1.28	1.80	1.05	1.41	1.26	0.51
Price to Earnings (P/E)	14.48	15.50	20.69	14.06	14.48	21.38	19.37	11.52	21.97	28.92	20.66
Dividend Yield	2.05%	2.13%	2.00%	2.23%	2.19%	2.37%	1.46%	2.46%	2.25%	3.01%	8.69%
Earnings Yield	6.91%	6.45%	4.83%	7.11%	6.91%	4.68%	5.16%	8.68%	4.55%	3.46%	4.84%
Enterprise Value to Invested Capital (EV/IC)	6.35	6.12	7.05	7.41	7.22	9.47	14.41	7.60	9.69	8.02	2.81
Enterprise Value to Revenue (EV/Rev)	0.97	0.96	1.09	1.01	1.04	1.17	1.70	0.96	1.30	1.16	0.42
Enterprise Value to EBITDA (EV/EBITDA)	7.82	8.20	9.84	8.93	9.15	13.98	13.31	7.16	12.74	15.86	8.64
Enterprise Value to EBIT (EV/EBIT)	8.54	9.15	11.09	9.93	10.17	17.30	14.79	7.78	15.02	20.08	12.51
Enterprise Value to NOPAT (EV/NOPAT)	13.86	14.76	19.74	13.52	14.00	23.83	19.85	10.61	21.07	28.54	18.28
Enterprise Value to Operating Cash Flow (EV/OCF)	11.31	11.45	12.62	10.19	12.14	10.01	18.20	10.12	13.03	16.41	7.14
Enterprise Value to Free Cash Flow (EV/FCFF)	18.28	17.11	18.71	12.81	17.32	12.11	26.01	13.72	18.56	26.71	14.84
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	-0.26	-0.23	-0.25	-0.26	-0.25	-0.36	-0.46	-0.43	-0.44	-0.43	-0.38
Leverage Ratio	1.67	1.65	1.66	1.74	1.91	2.07	2.13	2.01	1.89	1.98	2.15
Compound Leverage Factor	1.67	1.65	1.67	1.75	1.93	2.53	2.31	2.02	1.97	2.11	2.29
Debt to Total Capital	0.12%	0.09%	0.08%	0.06%	0.04%	0.02%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.10%	0.08%	0.06%	0.04%	0.02%	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%	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%	0.00%
Common Equity to Total Capital	99.88%	99.91%	99.92%	99.94%	99.96%	99.98%	100.00%	100.00%	100.00%	100.00%	100.00%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	-0.35	-0.42	-0.51	-0.42	-0.39	-1.34	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	-0.63	-0.76	-1.02	-0.64	-0.60	-2.29	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	9.27	9.07	8.93	8.84	7.27	5.74	7.90	7.27	7.09	5.74	3.45
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.83	1.89	1.91	1.80	1.73	1.76	1.67	1.88	1.86	1.66	1.53
Quick Ratio	1.42	1.42	1.37	1.31	1.17	1.23	1.18	1.38	1.29	1.02	0.88
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	271	296	306	455	364	493	422	504	447	252	154
Operating Cash Flow to CapEx	583.87%	532.91%	1,111.55%	1,347.15%	873.85%	1,787.24%	1,647.42%	1,118.70%	1,388.33%	728.84%	601.95%
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	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	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	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	3.07	3.04	2.89	3.08	2.88	2.10	2.35	2.45	2.14	1.98	1.88
Accounts Receivable Turnover	7.48	7.46	7.34	7.60	7.47	6.61	7.61	7.23	6.80	7.10	7.07
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	38.50	34.50	34.38	42.95	47.91	42.90	63.59	71.28	58.51	50.76	43.31
Accounts Payable Turnover	18.44	21.79	23.64	22.98	24.32	24.32	23.94	23.55	23.51	21.93	20.69
Days Sales Outstanding (DSO)	48.80	48.94	49.75	48.04	48.89	55.26	47.98	50.50	53.65	51.43	51.60
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	19.79	16.75	15.44	15.88	15.01	15.01	15.25	15.50	15.53	16.64	17.64
Cash Conversion Cycle (CCC)	29.01	32.18	34.31	32.16	33.88	40.25	32.74	35.00	38.12	34.78	33.96
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	780	827	811	787	874	631	762	910	857	840	811
Invested Capital Turnover	6.91	6.53	6.43	7.26	7.31	6.79	9.28	8.66	7.24	6.83	6.51
Increase / (Decrease) in Invested Capital	86	47	-16	-24	86	-243	131	148	-53	-16	-29
Enterprise Value (EV)	4,956	5,062	5,717	5,830	6,310	5,974	10,979	6,919	8,301	6,737	2,284
Market Capitalization	5,179	5,321	6,011	6,106	6,580	6,548	11,598	7,578	9,033	7,275	2,748
Book Value per Share	$7.57	$8.43	$8.82	$8.75	$9.85	$10.57	$12.41	$14.46	$15.00	$13.35	$12.61
Tangible Book Value per Share	$5.96	$6.77	$7.10	$7.00	$8.02	$8.57	$10.37	$12.27	$12.75	$11.05	$10.12
Total Capital	1,005	1,088	1,106	1,064	1,144	1,206	1,381	1,569	1,588	1,378	1,276
Total Debt	1.16	1.01	0.84	0.66	0.46	0.24	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	1.01	0.84	0.66	0.46	0.24	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	-223	-259	-294	-276	-270	-574	-619	-659	-732	-538	-464
Capital Expenditures (CapEx)	75	83	41	42	59	33	37	61	46	56	53
Debt-free, Cash-free Net Working Capital (DFCFNWC)	318	344	389	378	418	222	291	410	330	306	270
Debt-free Net Working Capital (DFNWC)	543	605	684	654	688	796	910	1,069	1,062	844	735
Net Working Capital (NWC)	542	604	684	654	688	796	910	1,069	1,062	844	735
Net Nonoperating Expense (NNE)	-0.34	-0.55	-1.01	-3.22	-3.72	-56	-46	-5.87	-17	-16	-8.07
Net Nonoperating Obligations (NNO)	-223	-259	-294	-276	-270	-574	-619	-659	-732	-538	-464
Total Depreciation and Amortization (D&A)	53	64	65	66	69	82	82	78	99	89	82
Debt-free, Cash-free Net Working Capital to Revenue	6.24%	6.56%	7.39%	6.51%	6.88%	4.34%	4.50%	5.67%	5.17%	5.28%	5.02%
Debt-free Net Working Capital to Revenue	10.65%	11.51%	12.99%	11.28%	11.33%	15.59%	14.08%	14.77%	16.61%	14.56%	13.66%
Net Working Capital to Revenue	10.65%	11.51%	12.99%	11.28%	11.33%	15.58%	14.08%	14.77%	16.61%	14.56%	13.66%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$0.00	$0.00	$3.93	$2.72	$5.42	$6.08	$3.90	$2.45	$1.33
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	0.00	0.00	115.66M	112.73M	110.48M	108.21M	105.53M	102.66M	100.12M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$3.90	$2.70	$5.36	$6.03	$3.88	$2.44	$1.33
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	0.00	0.00	116.41M	113.32M	111.72M	109.17M	106.07M	103.03M	100.31M
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	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	0.00	0.00	115.12M	113.12M	110.69M	107.70M	105.21M	102.20M	101.14M
Normalized Net Operating Profit after Tax (NOPAT)	357	343	290	431	451	251	553	652	394	236	125
Normalized NOPAT Margin	7.02%	6.53%	5.50%	7.43%	7.42%	4.91%	8.56%	9.01%	6.16%	4.07%	2.32%
Pre Tax Income Margin	11.40%	10.55%	9.83%	10.20%	10.30%	8.26%	12.44%	12.39%	9.02%	6.17%	3.61%
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	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	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	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	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	30.06%	33.25%	41.64%	31.41%	32.05%	50.91%	28.50%	28.77%	50.08%	87.60%	179.13%
Augmented Payout Ratio	105.84%	84.51%	121.38%	112.81%	93.12%	102.88%	76.57%	77.39%	112.01%	197.32%	248.37%

This table displays calculated financial ratios and metrics derived from Robert Half's official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	101,143,596.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	101,143,596.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	0.14
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-14.71%	-14.72%	-14.01%	-10.18%	-6.32%	-6.15%	-8.40%	-6.98%	-7.54%	-5.79%	-3.83%
EBITDA Growth	-37.64%	-4.17%	-42.51%	-32.14%	-25.92%	-37.20%	-62.23%	-29.27%	-27.85%	-32.23%	17.42%
EBIT Growth	-42.13%	-14.52%	-48.64%	-37.44%	-30.51%	-38.11%	-77.80%	-35.15%	-31.83%	-38.13%	53.30%
NOPAT Growth	-44.95%	-14.55%	-50.05%	-37.11%	-31.81%	-38.63%	-75.39%	-38.79%	-33.23%	-41.89%	-13.65%
Net Income Growth	-42.51%	-40.87%	-47.79%	-35.88%	-31.50%	-37.82%	-72.76%	-39.89%	-34.43%	-41.51%	-20.52%
EPS Growth	-41.18%	-39.13%	-46.49%	-34.00%	-28.89%	-36.90%	-72.13%	-37.88%	-32.81%	-39.62%	-17.65%
Operating Cash Flow Growth	-2.09%	-43.33%	-124.30%	-49.50%	-26.21%	35.07%	-272.81%	-15.90%	-40.28%	17.89%	-89.29%
Free Cash Flow Firm Growth	371.41%	364.07%	541.84%	-55.45%	-93.55%	-50.81%	-83.19%	19.51%	168.10%	-12.56%	37.78%
Invested Capital Growth	-5.24%	-5.86%	-6.89%	3.35%	6.22%	-1.89%	-0.77%	-0.15%	1.93%	-3.45%	-1.84%
Revenue Q/Q Growth	-4.62%	-5.81%	0.21%	-0.23%	-0.51%	-5.64%	-2.20%	1.32%	-1.11%	-3.85%	-0.17%
EBITDA Q/Q Growth	-9.42%	-2.93%	80.79%	6.31%	-1.11%	-17.72%	-56.34%	99.07%	0.87%	-22.71%	-24.34%
EBIT Q/Q Growth	-11.43%	-12.21%	231.60%	8.31%	-1.62%	-21.81%	-73.35%	216.36%	3.40%	-29.03%	-33.97%
NOPAT Q/Q Growth	-11.71%	-8.96%	220.51%	8.95%	-4.26%	-18.06%	-71.20%	170.96%	4.43%	-28.68%	-57.21%
Net Income Q/Q Growth	-10.11%	-8.63%	-27.04%	6.99%	-3.97%	-17.05%	-68.04%	136.13%	4.75%	-26.00%	-56.58%
EPS Q/Q Growth	-10.00%	-6.67%	-27.38%	8.20%	-3.03%	-17.19%	-67.92%	141.18%	4.88%	-25.58%	-56.25%
Operating Cash Flow Q/Q Growth	-37.51%	-34.74%	-113.89%	991.73%	-8.70%	19.47%	-138.33%	301.15%	-35.16%	135.82%	-161.54%
Free Cash Flow Firm Q/Q Growth	79.18%	-1.35%	83.37%	-74.01%	-74.06%	652.59%	-66.87%	84.80%	-41.81%	145.47%	-47.80%
Invested Capital Q/Q Growth	-5.76%	0.72%	14.21%	-4.65%	-3.15%	-6.97%	15.51%	-4.06%	-1.13%	-11.88%	17.43%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	40.99%	39.66%	38.13%	39.16%	39.02%	38.78%	36.91%	37.19%	37.23%	37.59%	36.91%
EBITDA Margin	9.69%	9.99%	7.23%	7.71%	7.66%	6.68%	2.98%	5.86%	5.98%	4.81%	3.64%
Operating Margin	8.26%	7.70%	5.71%	6.20%	6.13%	5.08%	1.38%	4.32%	4.52%	3.34%	2.21%
EBIT Margin	8.26%	7.70%	5.71%	6.20%	6.13%	5.08%	1.38%	4.32%	4.52%	3.34%	2.21%
Profit (Net Income) Margin	6.11%	5.93%	4.32%	4.63%	4.47%	3.93%	1.28%	2.99%	3.17%	2.44%	1.06%
Tax Burden Percent	70.08%	72.67%	70.24%	70.66%	68.76%	72.06%	77.86%	66.69%	67.35%	67.69%	43.86%
Interest Burden Percent	105.52%	105.90%	107.61%	105.68%	106.00%	107.30%	119.09%	103.78%	104.10%	108.01%	109.62%
Effective Tax Rate	29.92%	27.33%	29.76%	29.34%	31.24%	27.94%	22.14%	33.31%	32.65%	32.31%	56.14%
Return on Invested Capital (ROIC)	44.03%	40.51%	24.32%	28.57%	28.29%	25.00%	6.27%	17.22%	18.22%	14.70%	5.36%
ROIC Less NNEP Spread (ROIC-NNEP)	43.28%	39.81%	23.49%	27.99%	27.72%	24.42%	5.64%	16.90%	17.85%	14.23%	4.97%
Return on Net Nonoperating Assets (RNNOA)	-18.64%	-17.53%	-8.20%	-11.45%	-11.80%	-10.45%	-1.76%	-5.62%	-6.05%	-5.37%	-1.21%
Return on Equity (ROE)	25.39%	22.98%	16.12%	17.12%	16.49%	14.55%	4.51%	11.60%	12.16%	9.33%	4.15%
Cash Return on Invested Capital (CROIC)	59.20%	50.65%	33.99%	22.23%	17.42%	29.73%	20.43%	18.03%	14.11%	18.64%	14.59%
Operating Return on Assets (OROA)	18.52%	16.48%	12.11%	12.36%	12.02%	10.04%	2.81%	8.34%	8.46%	6.28%	4.35%
Return on Assets (ROA)	13.69%	12.68%	9.15%	9.23%	8.76%	7.76%	2.61%	5.77%	5.93%	4.59%	2.09%
Return on Common Equity (ROCE)	25.39%	22.98%	16.12%	17.12%	16.49%	14.55%	4.51%	11.60%	12.16%	9.33%	4.15%
Return on Equity Simple (ROE_SIMPLE)	29.84%	0.00%	23.22%	21.26%	19.31%	0.00%	15.63%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	91	82	59	64	62	51	15	39	41	29	13
NOPAT Margin	5.79%	5.60%	4.01%	4.38%	4.21%	3.66%	1.08%	2.88%	3.04%	2.26%	0.97%
Net Nonoperating Expense Percent (NNEP)	0.76%	0.70%	0.83%	0.58%	0.57%	0.58%	0.63%	0.32%	0.36%	0.47%	0.39%
Return On Investment Capital (ROIC_SIMPLE)	-	5.19%	-	-	-	3.67%	1.11%	3.01%	3.21%	2.30%	1.02%
Cost of Revenue to Revenue	59.01%	60.34%	61.87%	60.84%	60.98%	61.22%	63.09%	62.81%	62.77%	62.41%	63.09%
SG&A Expenses to Revenue	31.76%	35.08%	35.34%	34.01%	34.87%	34.10%	34.04%	37.08%	36.22%	35.87%	34.07%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	32.72%	31.96%	32.42%	32.96%	32.89%	33.70%	35.53%	32.87%	32.71%	34.25%	34.70%
Earnings before Interest and Taxes (EBIT)	129	113	84	91	90	70	19	59	61	43	29
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	152	147	107	113	112	92	40	80	81	63	47
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	4.82	5.69	5.44	4.50	4.76	5.28	4.25	3.20	2.69	2.15	2.09
Price to Tangible Book Value (P/TBV)	5.68	6.69	6.44	5.36	5.68	6.38	5.18	3.95	3.34	2.68	2.62
Price to Revenue (P/Rev)	1.15	1.41	1.34	1.11	1.19	1.26	0.98	0.75	0.63	0.51	0.48
Price to Earnings (P/E)	16.17	21.97	23.41	21.15	24.65	28.92	27.16	23.55	22.23	20.66	19.85
Dividend Yield	2.63%	2.25%	2.53%	3.18%	3.07%	3.01%	4.00%	5.46%	6.77%	8.69%	9.29%
Earnings Yield	6.19%	4.55%	4.27%	4.73%	4.06%	3.46%	3.68%	4.25%	4.50%	4.84%	5.04%
Enterprise Value to Invested Capital (EV/IC)	8.10	9.69	7.89	6.55	7.13	8.02	5.39	4.09	3.36	2.81	2.40
Enterprise Value to Revenue (EV/Rev)	1.04	1.30	1.25	1.02	1.09	1.16	0.92	0.68	0.57	0.42	0.43
Enterprise Value to EBITDA (EV/EBITDA)	9.26	12.74	15.93	14.18	16.46	15.86	14.60	11.73	10.52	8.64	8.45
Enterprise Value to EBIT (EV/EBIT)	10.48	15.02	20.06	18.50	22.16	20.08	19.38	16.03	14.77	12.51	11.90
Enterprise Value to NOPAT (EV/NOPAT)	14.65	21.07	28.33	26.08	31.34	28.54	27.31	22.89	21.16	18.28	18.71
Enterprise Value to Operating Cash Flow (EV/OCF)	9.51	13.03	13.89	14.67	17.40	16.41	14.26	11.07	10.58	7.14	8.58
Enterprise Value to Free Cash Flow (EV/FCFF)	13.32	18.56	22.38	29.95	42.19	26.71	26.28	22.69	24.02	14.84	16.32
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	-0.43	-0.44	-0.35	-0.41	-0.43	-0.43	-0.31	-0.33	-0.34	-0.38	-0.24
Leverage Ratio	1.93	1.89	1.86	1.93	1.97	1.98	1.97	2.07	2.11	2.15	2.12
Compound Leverage Factor	2.04	2.00	2.00	2.04	2.08	2.12	2.35	2.14	2.20	2.32	2.33
Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	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%	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%	0.00%
Common Equity to Total Capital	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	6.07	6.60	6.35	5.34	5.29	5.44	4.89	4.01	3.63	3.29	3.36
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.82	1.86	1.85	1.76	1.72	1.66	1.65	1.57	1.55	1.53	1.55
Quick Ratio	1.31	1.29	1.19	1.14	1.11	1.02	0.95	0.91	0.88	0.88	0.83
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	138	136	132	34	8.87	67	22	41	24	58	30
Operating Cash Flow to CapEx	1,166.61%	977.68%	-135.14%	1,145.34%	726.54%	1,082.29%	-478.84%	786.46%	559.47%	1,553.87%	-1,322.41%
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	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	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	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	2.24	2.14	2.12	1.99	1.96	1.98	2.03	1.93	1.87	1.88	1.97
Accounts Receivable Turnover	6.51	6.80	6.58	6.41	6.45	7.10	6.88	6.47	6.33	7.07	6.82
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	61.86	58.51	57.20	54.54	51.59	50.76	48.68	45.82	43.86	43.31	41.72
Accounts Payable Turnover	26.56	23.51	24.62	23.48	23.58	21.93	24.06	22.37	21.80	20.69	23.04
Days Sales Outstanding (DSO)	56.08	53.65	55.49	56.94	56.63	51.43	53.03	56.38	57.62	51.60	53.55
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	13.74	15.53	14.83	15.55	15.48	16.64	15.17	16.32	16.74	17.64	15.85
Cash Conversion Cycle (CCC)	42.34	38.12	40.66	41.40	41.15	34.78	37.86	40.06	40.88	33.96	37.70
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	850	857	978	933	903	840	971	931	921	811	953
Invested Capital Turnover	7.60	7.24	6.06	6.52	6.71	6.83	5.82	5.97	5.98	6.51	5.54
Increase / (Decrease) in Invested Capital	-47	-53	-72	30	53	-16	-7.56	-1.41	17	-29	-18
Enterprise Value (EV)	6,893	8,301	7,717	6,109	6,444	6,737	5,233	3,813	3,092	2,284	2,291
Market Capitalization	7,623	9,033	8,258	6,656	7,014	7,275	5,575	4,194	3,457	2,748	2,569
Book Value per Share	$14.75	$15.00	$14.64	$14.11	$14.16	$13.35	$12.85	$12.84	$12.64	$12.61	$12.17
Tangible Book Value per Share	$12.54	$12.75	$12.35	$11.84	$11.88	$11.05	$10.53	$10.38	$10.17	$10.12	$9.69
Total Capital	1,580	1,588	1,519	1,480	1,474	1,378	1,313	1,312	1,286	1,276	1,231
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	-729	-732	-541	-547	-570	-538	-342	-381	-365	-464	-278
Capital Expenditures (CapEx)	15	12	12	12	18	14	12	15	14	12	8.50
Debt-free, Cash-free Net Working Capital (DFCFNWC)	322	330	466	417	376	306	434	375	386	270	422
Debt-free Net Working Capital (DFNWC)	1,052	1,062	1,007	964	946	844	776	755	751	735	701
Net Working Capital (NWC)	1,052	1,062	1,007	964	946	844	776	755	751	735	701
Net Nonoperating Expense (NNE)	-5.00	-4.87	-4.50	-3.66	-3.71	-3.70	-2.78	-1.49	-1.69	-2.35	-1.21
Net Nonoperating Obligations (NNO)	-729	-732	-541	-547	-570	-538	-342	-381	-365	-464	-278
Total Depreciation and Amortization (D&A)	22	34	22	22	22	22	22	21	20	19	19
Debt-free, Cash-free Net Working Capital to Revenue	4.85%	5.17%	7.58%	6.96%	6.38%	5.28%	7.64%	6.73%	7.06%	5.02%	7.93%
Debt-free Net Working Capital to Revenue	15.83%	16.61%	16.37%	16.11%	16.07%	14.56%	13.68%	13.56%	13.76%	13.66%	13.15%
Net Working Capital to Revenue	15.83%	16.61%	16.37%	16.11%	16.07%	14.56%	13.68%	13.56%	13.76%	13.66%	13.15%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.91	$0.84	$0.61	$0.66	$0.64	$0.54	$0.17	$0.41	$0.43	$0.32	$0.14
Adjusted Weighted Average Basic Shares Outstanding	105.34M	105.53M	103.79M	103.15M	102.18M	102.66M	100.67M	100.41M	99.90M	100.12M	99.62M
Adjusted Diluted Earnings per Share	$0.90	$0.84	$0.61	$0.66	$0.64	$0.53	$0.17	$0.41	$0.43	$0.32	$0.14
Adjusted Weighted Average Diluted Shares Outstanding	105.81M	106.07M	104.40M	103.33M	102.39M	103.03M	101.02M	100.54M	100.04M	100.31M	99.90M
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	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	105.89M	105.21M	104.93M	104.06M	103.25M	102.20M	102.16M	101.74M	101.19M	101.14M	102.29M
Normalized Net Operating Profit after Tax (NOPAT)	91	82	59	64	62	51	15	39	41	29	20
Normalized NOPAT Margin	5.79%	5.60%	4.01%	4.38%	4.21%	3.66%	1.08%	2.88%	3.04%	2.26%	1.54%
Pre Tax Income Margin	8.72%	8.16%	6.14%	6.55%	6.50%	5.45%	1.65%	4.49%	4.70%	3.60%	2.42%
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	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	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	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	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	42.83%	50.08%	59.43%	67.83%	76.22%	87.60%	109.23%	128.51%	150.26%	179.13%	184.38%
Augmented Payout Ratio	98.17%	112.01%	138.01%	161.94%	164.51%	197.32%	226.20%	241.30%	261.21%	248.37%	221.68%

Financials Breakdown Chart

Key Financial Trends

Robert Half (NYSE: RHI) has delivered a mix of margin strength and revenue volatility over the last four years. While quarterly revenue has fluctuated in a cyclical staffing market, the company has shown a notable gross-margin expansion in late 2025 and maintained positive operating cash flow. Below are the most relevant trends and data points for long-term and quarterly investors to consider.

Gross margin improved meaningfully in Q4 2025 to about 37.6% (gross profit 489,563,000 on revenue 1,302,379,000), up from roughly the low- to mid-30s in 2024. This suggests better pricing, cost control, or mix that supported profitability despite lighter revenue than the peak years.
Q4 2025 net cash from continuing operating activities reached 182,533,000, highlighting solid cash generation from core operations even as quarterly revenue swung. This aligns with a theme of improving cash conversion in the back half of 2024 into 2025.
The company has continued to pay a regular dividend with per-share dividends of 0.59 USD in several 2025 quarters, signaling ongoing shareholder returns even amid revenue volatility. This is consistent with a history of returning capital to shareholders.
Balance-sheet liquidity remains solid but with rising near-term obligations: Total assets around 2.846B, total equity about 1.287B, and total current liabilities roughly 1.364B in Q3 2025, indicating a modest leverage profile and liquidity cushion, albeit with growing current liabilities in recent quarters.
Revenue and profitability have shown cyclical behavior: Q4 2025 operating revenue (1,302,379,000) was down versus Q4 2024 (1,727,026,000), though gross profit still held up due to margin expansion. This highlights sensitivity to demand in staffing markets and potential quarterly volatility in top-line growth.
Investing activity remains modest and largely focused on maintenance capex: purchases of PPE around 11–15 million per quarter in 2025 with other investing activities often in the low tens of millions. This level of capex is typical for a staffing-focused business and supports ongoing operations rather than aggressive expansion.
Net income and earnings per share have fluctuated over the period, with profitability uneven across quarters (e.g., Q4 2025 net income attributable to common shareholders around 31.8M, less than Q3 2025). This reflects quarterly operating dynamics and tax effects rather than a clear, persistent trend year-over-year.
Profitability softness versus 2024: net income and earnings per share declined in Q4 2025 relative to Q4 2024, and operating income declined year-over-year in the most recent quarter despite gross-margin gains. This suggests ongoing pressure on net margins when revenue environments weaken or normalization occurs after a period of expansion.
Financing outflows remain a headwind: net cash from financing activities was negative in several quarters in 2025 (e.g., Q3 and Q4) driven by dividends and some share repurchases, which reduces cash on hand available for other uses in tighter cycles.

05/14/26 10:39 AM ETAI Generated. May Contain Errors.

Robert Half Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Robert Half's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

The last 5 years of Robert Half's net income performance:

2021: $598.63 million
2022: $657.92 million
2023: $411.15 million
2024: $251.60 million
2025: $132.99 million

Find out what analysts predict for Robert Half in the coming months.

Robert Half's total operating income in 2025 was $182.55 million, based on the following breakdown:

Total Gross Profit: $2.00 billion
Total Operating Expenses: $1.82 billion

Over the last 10 years, Robert Half's total revenue changed from $5.09 billion in 2015 to $5.38 billion in 2025, a change of 5.6%.

Robert Half's total liabilities were at $1.58 billion at the end of 2025, a 7.0% increase from 2024, and a 136.9% increase since 2015.

In the past 10 years, Robert Half's cash and equivalents has ranged from $224.58 million in 2015 to $731.74 million in 2023, and is currently $464.44 million as of their latest financial filing in 2025.

Over the last 10 years, Robert Half's book value per share changed from 7.57 in 2015 to 12.61 in 2025, a change of 66.7%.

Related Companies

Financial statements for NYSE:RHI last updated on 5/3/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Robert Half (RHI) Financials

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Robert Half (RHI) Financials

Annual Income Statements for Robert Half

Quarterly Income Statements for Robert Half

Annual Cash Flow Statements for Robert Half

Quarterly Cash Flow Statements for Robert Half

Annual Balance Sheets for Robert Half

Quarterly Balance Sheets for Robert Half

Annual Metrics And Ratios for Robert Half

Quarterly Metrics And Ratios for Robert Half

Financials Breakdown Chart

Key Financial Trends

Robert Half Financials - Frequently Asked Questions

When does Robert Half's fiscal year end?

How has Robert Half's net income changed over the last 10 years?

What is Robert Half's operating income?

How has Robert Half's revenue changed over the last 10 years?

How much debt does Robert Half have?

How much cash does Robert Half have?

How has Robert Half's book value per share changed over the last 10 years?

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