RHIROBERT HALF INC.
Services-Help Supply Services
- Revenue
- $5.4B
- 7.2% YoY
- Operating margin
- 1.4%
- 66% YoY
- EBITDA
- $126M
- 57% YoY
- Market cap
- $4.5B
- Employees
- 7,100
- $758K revenue each
- Net debt / EBITDA
- -2.5×
- −$321M net debt
- AI in 10-K
- 12.7
- mentions per 10K words
Takeover score 3 of 13
Fixable underperformance 1 of 7
- TSR below peersNo0 of 5 years3+ of last 5 years
- High CEO pay despite TSRNo$8M medianMedian CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo241% of net incomeCash flow under 80% of net income
- Dilutive SBCNo1% of revenueOver 10% of revenue
- Payouts exceed cash flowYes103% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo9% of assetsOver 40% of assets
- Shareholder dissentNo97% lowest supportAny vote under 80% support
Buyer economics 2 of 4
- Low revenue per employeeNo$758K · 71st pctBottom quartile of its SIC industry
- Quiet on AINo12.7 per 10K words · 95th pctBottom quartile of AI mentions in 10-Ks
- Net cashYesNet cash · 2.5× EBITDAMore cash than debt, positive EBITDA
- Buyout-sizedYes$4.5B market capMarket cap $500M–$5B
Catalysts 0 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingNo$0 netNet sales over $10M in 12 months
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $6.5B | $7.2B | $6.4B | $5.8B | $5.4B | 7.2% |
| Operating income | $806M | $891M | $465M | $241M | $76M | 68% |
| Net income | $599M | $658M | $411M | $252M | $133M | 47% |
| Operating cash flow | $603M | $684M | $637M | $410M | $320M | 22% |
| Capex | $37M | $61M | $46M | $56M | $53M | 5.6% |
| Buybacks | $288M | $320M | $255M | $276M | $92M | 67% |
| Dividends | $171M | $189M | $206M | $220M | $238M | 8.1% |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $6M | −$5M | 51 | 48 |
| FY2024 | $7M | $3M | 124 | 103 |
| FY2023 | $8M | $15M | 150 | 129 |
| FY2022 | $9M | −$946K | 122 | 113 |
| FY2021 | $9M | $31M | 181 | 149 |