Robert Half Inc. Common Stock (RHI)

FairStock Score: 39/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look for understandable businesses with durable advantages and a margin of safety. Robert Half is understandable: it places contract and permanent talent and runs Protiviti consulting. But staffing is cyclical and competitive; clients can switch providers, and demand depends on hiring budgets. The numbers reflect that pressure. In fiscal Q2 2026, the quarter ended 2026-06-30, revenue was $1.3B and net income $26.3M, versus revenue of $1.4B and net income of $41.0M in fiscal Q2 2025, the quarter ended 2025-06-30. For FY2025, the year ended 2025-12-31, revenue was $5.4B and net income $133.0M, down from FY2024, the year ended 2024-12-31, revenue of $5.8B and net income $251.6M. FairStock's Lynch category calls it a slow grower that is shrinking, with profit down 15.4% a year over five years and revenue up 1.0%. Financial health has some positives: debt to equity is 0.20, free cash flow is $215.1M, and the FCF yield is 6.0%. The dividend yield is 6.31%, but the Piotroski F-score is 5/9, the Altman Z-score is 1.98, ROCE is only 0.23%, and the FairStock score is 39/100, so returns on capital are weak. Valuation offers no margin of safety: at the 2026-10-13 close, P/E is 30.30, P/B is 2.90, EV/EBITDA is 40.23, and the Graham Number is $17.47 versus the $34.85 price, a margin of safety of -99.48%. A high dividend alone cannot make a declining, low-return business attractive. I would want evidence that hiring demand and margins are recovering before paying a premium multiple.

In plain English: Robert Half helps companies find contract and permanent workers and provides consulting services. The business looks weak right now: in fiscal Q2 2026, the quarter ended 2026-06-30, revenue was $1.3B and net income was $26.3M, lower than fiscal Q2 2025 revenue of $1.4B and net income of $41.0M. At the 2026-10-13 close of $34.85, the price looks expensive compared with the profit the company produces, even though the dividend is high.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer