Comparing the current results to its competitors, Barrett Business Services Inc reported Revenue increase in the 2 quarter 2026 by 3.91 % year on year. The revenue growth was below Barrett Business Services Inc 's competitors' average revenue growth of 5.18 %, achieved in the same quarter.
Barrett Business Services Inc 's Comment on Competition and Industry Peers
BBSI operates in a competitive and fragmented business environment, facing competition from large companies such as Automatic Data Processing, Inc., ManpowerGroup, Inc., Kelly Services, Inc., Insperity, Inc., TriNet Group, Inc., Robert Half International Inc., and Paychex, Inc. It also competes with regional providers and may encounter future competition from new entrants including staffing services companies, payroll processing companies, and insurance companies. Key competitive factors include price and level of service. BBSI attributes its growth to offering small and mid-sized companies access to the resources and knowledge of a large employer through a local operations team and integration with each client business.
Overall company revenue, grew less, than total company revenues, at 3.91 % and company approximately market share, declined to 3.11 %. << More on BBSI Market Share.
*Market share is calculated based on total revenue.
News about Barrett Business Services Inc Contracts
April 1, 2024
BBSI has always been at the forefront of offering comprehensive business management solutions, ranging from payroll and human resource outsourcing to risk management. Recognizing the importance of employee health and wellness, BBSI has taken a new step forward by joining forces with Kaiser Permanente. As one of the largest nonprofit healthcare providers in the United States, Kaiser Permanente is renowned for its outstanding services and commitment to improving patient care.By introducing Kaiser Permanente plans into their health benefits portfolio, BBSI aims to provide their clients with access to a wide range of medical services, such as preventive care, screenings, consultations, and hospital visits. Throu...
Publicly Traded Peers of Barrett Business Services Inc
Automatic Data Processing Inc Share Performance
-5.14%
One Year
Automatic Data Processing Inc
Profile
Automatic Data Processing Inc. (ADP) operates a business model centered on delivering comprehensive human capital management solutions to organizations, encompassing services like payroll processing, HR management, talent acquisition, benefits administration, and tax compliance. By harnessing advanced technology and data analytics, ADP enables businesses to streamline their HR processes, enhance workforce efficiency, and alleviate administrative burdens.
Trinet Group Inc is a professional employer organization that offers outsourced HR solutions to small and medium-sized businesses. Their business model revolves around providing comprehensive HR services, including payroll, benefits administration, risk management, and compliance assistance. By leveraging their expertise and economies of scale, Trinet Group helps clients streamline their HR functions and focus on their core business operations.
Sources:
Barrett Business Services Inc’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
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