Trueblue Inc's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Trueblue Inc (TBI) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Trueblue Inc vs Its Competitors
- TTM: Trailing 12-month revenue of 1,692M vs 34,246M combined for its competitors (4.7% combined share).
- Trending: Latest-quarter revenue run-rate is accelerating (+4.7% annualized vs trailing 12 months), vs accelerating (+4.0%) for its tracked peer group.
- Growth: Trueblue Inc generated 12.0% revenue growth year over year in Q2 2026, vs 7.9% for its competitors combined.
- Profitability: Its -0.8% net margin compares with -1.9% for the peer group.
- Scale: Trueblue Inc ranks #82 of 167 companies by market capitalization in the Professional Services industry, holding 0.0% of industry market cap.
- Peer revenue share: Trueblue Inc accounted for 4.7% of combined revenue among its tracked peer group, up from 4.6% a year earlier.
- Peer differentiation: Revenue per employee of $0.48M compares with $0.26M for the peer group (1.9x).
- Structure: Trueblue Inc operates in the following segments: PeopleReady, PeopleManagement, PeopleSolutions.
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
TBI Sales vs. its Competitors, Q2 2026
Trueblue Inc reported revenue growth of 11.99 % year on year in Q2 2026, above its competitors' combined revenue growth of 7.88 %.
With a net margin of -0.76 %, Trueblue Inc achieved higher profitability than its competitors (-1.85 %).
Trueblue Inc generated 4.74 % of the combined sales of its peer group, up from 4.57 % a year earlier.
Trueblue Inc vs. its Competitors, Q2 2026
Revenue growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in Trueblue Inc reports; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Trueblue Inc and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Trueblue Inc | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| Similar-Size Competitors (5) | $12,345M | +12.3% · Accelerating |
| Similar Growth & Profitability (4) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Trueblue Inc's competitor groups requires a Commercial License.
For context: the Professional Services industry grew revenue 7.1% year over year, combined, vs 12.0% for Trueblue Inc. Trueblue Inc's share of combined industry revenue moved from 0.07% to 0.08%, a gain of 0.00 percentage points.
Trueblue Inc's Competitor Quality Breadth
Group definitions: see Methodology: Performance Group Definitions.
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Trueblue Inc | No | Yes | Yes | No |
| Competitors combined (5) | ||||
| Similar-Size Competitors (9) | ||||
| Similar Growth & Profitability (8) | 37.50 % (3 of 8) | 100.00 % (8 of 8) | 75.00 % (6 of 8) | 12.50 % (1 of 8) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
TBI Stock Performance relative to its Competitors
TBI Stock Performance relative to Similar-Size Competitors
TBI Stock Performance relative to Similar Growth & Profitability Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Hirequest Inc | 282.9% | Outperformed |
| 2 | Robert Half Inc | 282.9% | Outperformed |
| 3 | Manpowergroup Inc | 282.9% | Outperformed |
| 4 | Bgsf Inc | 282.9% | Outperformed |
| 5 | Jetblue Airways Corp | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Trueblue Inc's best-performing competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Trueblue Inc's Comment on Competition and Industry Peers
Publicly Traded Peers of Trueblue Inc
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
 Trueblue Inc |
375.92 | 1,691.96 |
 Robert Half Inc |
4,339.41 | 5,299.13 |
 Manpowergroup Inc |
2,225.59 | 18,923.90 |
 Jetblue Airways Corp |
1,316.78 | 9,993.00 |
 Hirequest Inc |
237.67 | 30.15 |
 Bgsf Inc |
37.71 | 93.31 |
| SUBTOTAL | 8,533.08 | 36,031.45 |
Sources: see Methodology: Peer & Competitor Identification, Sourcing.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Trueblue Inc versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Trueblue Inc's Competitors Named by the Company
Competitive relationships identified from Trueblue Inc reports and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Jetblue Airways Corp | Company report | 85% |
| Robert Half Inc | Company report | 85% |
| Manpowergroup Inc | Company report | 85% |
| Hirequest Inc | Company report | 85% |
| Staffing 360 Solutions Inc | Company report | 85% |
| Bgsf Inc | Company report | 85% |
Company report basis, confidence, active dates and source counts for Trueblue Inc's named competitors require a Commercial License.
Methodology: see Methodology: Peer & Competitor Identification, Sourcing.
Trueblue Inc's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Trueblue Inc | PeopleReady 64.90 % |
| Robert Half Inc | Contract talent solutions 55.83 % |
| Manpowergroup Inc | Reportable subsegments 10.70 % |
| Bgsf Inc | Property Management 100.00 % |
Source: operating segment revenue as reported in each company's reports (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
Trueblue Inc's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Trueblue Inc | 376 | 483,416 | -16,176 |
| Robert Half Inc | 4,339 | 365,458 | 8,395 |
| Manpowergroup Inc | 2,226 | 745,035 | 4,736 |
| Jetblue Airways Corp | 1,317 | 519,603 | -51,997 |
| Hirequest Inc | 238 | 402 | 109 |
| Bgsf Inc | 38 | 493,693 | -59,148 |
| PEERS TOTAL | 8,157 | 255,652 | -5,665 |
Trueblue Inc's Geographic Revenue Exposure vs Peers
Revenue by country/region as reported in each company's most recent report. Disclosure granularity varies by filer (some report by country, others by broad region) and is shown as disclosed.| Company | Largest Market |
|---|---|
| Jetblue Airways Corp | Domestic & Canada 57.79 % |
Source: revenue geography as reported in each company's reports (10-K/10-Q), via the CSIMarket API. Percentages are of that company's own total consolidated revenue for its most recent reported period.
Trueblue Inc's Position in Industry Market Structure
Market-capitalization share and concentration across all 153 companies in Trueblue Inc's industry classification, broader than the peer set above. Market cap in millions of $.Trueblue Inc ranks #82 of 153 companies by market capitalization in its industry, holding 0.01 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 1,115, indicating a unconcentrated market structure (see Methodology: Market Structure & Concentration).
| Rank | Company | Market Cap | Industry Share |
|---|---|---|---|
| 1 | Visa Inc | 839,697 | 23.83 % |
| 2 | Mastercard Incorporated | 596,714 | 16.94 % |
| 3 | Repay Holdings Corporation | 392,691 | 11.15 % |
| 4 | Alibaba Group Holding Limited | 250,448 | 7.11 % |
| 5 | Accenture Plc | 1,234 | 5.2% |
| 6 | Uber Technologies Inc | 1,234 | 5.2% |
| 7 | Pdd Holdings inc | 1,234 | 5.2% |
| 8 | Orix Corporation | 1,234 | 5.2% |
| 9 | Relx Plc | 1,234 | 5.2% |
| 10 | Doordash Inc | 1,234 | 5.2% |
| 82 | Trueblue Inc | 373 | 0.01 % |
Market cap and industry share for the rest of Trueblue Inc's industry peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2026-11-05.
Trueblue Inc's Same-Size Peers & Stock Performance
Peers chosen by closeness in market-cap rank within the same industry classification (not the named-competitor list above). Trailing 12-month total return, 3-month price momentum, beta and Sharpe ratio vs the broad U.S. market.| Rank | Company | Market Cap | TTM Return |
|---|---|---|---|
| 78 | Rimini Street Inc | 496 | 34.10 % |
| 79 | Advantage Solutions Inc | 472 | 18.83 % |
| 80 | Bgsf Inc | 446 | 9.83 % |
| 81 | I3 Verticals Inc | 376 | -35.88 % |
| 82 | Trueblue Inc | 373 | 123.13 % |
| 83 | Claritev Corporation | 1,234 | 12.3% |
| 84 | Paysafe Limited | 1,234 | 12.3% |
| 85 | Alight Inc | 1,234 | 12.3% |
| 86 | Fiverr International Ltd | 1,234 | 12.3% |
| 87 | Conduent Inc | 1,234 | 12.3% |
Market cap, return, momentum, beta and Sharpe ratio for the rest of Trueblue Inc's same-size peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation); returns and risk metrics as of 2026-11-05. Beta and Sharpe ratio are versus the broad U.S. equity market, not this industry.
Trueblue Inc's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Professional Services industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (291 companies). See the full Professional Services industry profitability benchmarks.| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 21.19 % | 33.12 % (avg) | -11.9 pp |
| Operating Margin | -2.87 % | industry median | -3.0 pp |
| EBITDA Margin | -0.77 % | 5.60 % (avg) | -6.4 pp |
| Capital Intensity (Capex / Revenue) | 0.77 % | 4.36 % (avg) | -3.6 pp |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Trueblue Inc's Valuation vs Competitive Position
Valuation multiples vs the Professional Services industry average (291 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns. See the full Professional Services industry valuation benchmarks.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | - | 25.2x | - |
| EV / EBITDA | - | 14.0x | - |
| P/B | 0.6x | 3.5x | -2.8x |
| Return on Equity | -20.78 % | industry aggregate | -46.29 % |
| Return on Invested Capital | -5.88 % | 1.05 % (avg) | -6.93 % |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
Trueblue Inc's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in company reports.| Metric | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth | -1.86 % | -5.22 % | -22.05 % | 17.72 % | 3.71 % | -15.44 % | -17.77 % | 3.09 % |
| Operating Margin | 2.96 % | 2.79 % | -9.47 % | 3.15 % | 3.20 % | -1.25 % | -5.92 % | -2.89 % |
| Return on Invested Capital | 5.04 % | 4.46 % | -15.31 % | 5.85 % | 5.94 % | -2.02 % | -9.92 % | -5.21 % |
| P/E | 14.4x | 14.5x | - | 15.7x | 10.7x | - | - | - |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
Trueblue Inc's Strategic Group Map
Trueblue Inc is shown in red; its closest peers by combined growth, margin and ROIC are labeled. See Methodology: Strategic Group Map for how this chart is built.
Trueblue Inc's trailing-12-month revenue growth of 10.3% and operating margin of -2.9% compares with an average of 9.3% growth and -4.6% margin across its 8 closest peers by combined growth, margin and ROIC -- Trueblue Inc sits above that peer average on growth and above it on margin.
Source: CSIMarket API, trailing 12 months. Extreme outlier values (from near-zero-revenue companies) are excluded from the plotted cloud but never from the highlighted company or its labeled peers.
Trueblue Inc's BCG Growth-Share Matrix
See Methodology: BCG Growth-Share Matrix for how relative share and growth are calculated and thresholded.
Trueblue Inc falls in the Dog quadrant: relative market share of 0.00x vs its largest competitor, in an industry growing revenue 5.7% (median, trailing 12 months).
Source: CSIMarket API (market-cap share and industry revenue growth). The 10% growth and 1.0x share lines are standard textbook thresholds, not derived from this industry's own distribution.
Trueblue Inc's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Competitive Rivalry | High | Industry HHI of 1,115 (see Industry Market Structure & Concentration above) |
| Barriers to Entry | Lower than typical for the industry | Capital intensity (capex / revenue) of 0.77 % vs industry average 4.36 % (see Profitability & Cost Structure above) |
Note: see Methodology: Porter's Five Forces. Supplier power and buyer power are covered on Trueblue Inc's dedicated Suppliers and Customers pages, not here.
Trueblue Inc's Industry Attractiveness & Competitive Strength
See Methodology: GE/McKinsey Matrix for how the two axes are built.
Trueblue Inc falls in the Low attractiveness / Low strength cell: Harvest / Divest.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Trueblue Inc's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
- Latest-quarter revenue run-rate is accelerating (+4.7% annualized vs trailing 12 months).
- Outperforming the U.S.A. 500 over the trailing 12 months.
Weaknesses
- Return on equity 46.3 points below the industry aggregate.
- Low relative market share vs the industry leader (0.00x).
Opportunities
No rule matched.
Threats
No rule matched.
Methodology: see Methodology: SWOT Analysis.
Trueblue Inc's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Trueblue Inc | 0.16 | 2.13 | 0.27 |
| Robert Half Inc | 0.25 | 1.51 | - |
| Manpowergroup Inc | 0.08 | 1.08 | 0.59 |
| Jetblue Airways Corp | 0.38 | 0.69 | 7.66 |
| Hirequest Inc | 0.10 | 2.71 | 0.01 |
| Bgsf Inc | 1.10 | 2.40 | 0.21 |
Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Trueblue Inc's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Trueblue Inc | Q2 2026 | +12.0 % | - |
| Robert Half Inc | Q3 2026 | +0.4 % | +16.2 % |
| Manpowergroup Inc | Q3 2026 | +4.4 % | +89.4 % |
| Jetblue Airways Corp | Q3 2026 | +21.1 % | - |
| Hirequest Inc | Q2 2026 | +6.0 % | +154.0 % |
| Bgsf Inc | Q1 2026 | 0.0 % | - |
| PEERS TOTAL | +8.6 % | - |
Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Trueblue Inc's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Trueblue Inc | Q2 2026 | +16.4 % | -20.7 % |
| Robert Half Inc | Q3 2026 | -2.7 % | -39.0 % |
| Manpowergroup Inc | Q3 2026 | +5.4 % | -41.7 % |
| Jetblue Airways Corp | Q3 2026 | +51.3 % | -15.6 % |
| Hirequest Inc | Q2 2026 | - | -22.2 % |
| Bgsf Inc | Q1 2026 | +1.1 % | - |
Trueblue Inc's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Trueblue Inc | - | - | - |
| Robert Half Inc | 4.32% | 7.42% | 9.89% |
| Manpowergroup Inc | 1.41% | 3.35% | 5.75% |
| Jetblue Airways Corp | - | - | - |
| Hirequest Inc | 8.88% | 11.24% | 11.98% |
| Bgsf Inc | - | - | - |
ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Trueblue Inc's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Trueblue Inc | - | 0.22 |
| Robert Half Inc | 35.55 | 0.82 |
| Manpowergroup Inc | 18.23 | 0.12 |
| Jetblue Airways Corp | - | 0.13 |
| Hirequest Inc | 30.00 | 7.88 |
| Bgsf Inc | - | 0.40 |
| PEERS AVERAGE | - | 0.24 |
P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.