TrueBlue Inc. Common Stock (TBI)

FairStock Score: 42/100 — MIXED

Key Financials

AI Analysis

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

I approach TrueBlue as a Graham-style balance-sheet case with a Buffett warning: the business must earn its keep. TrueBlue sells staffing and workforce solutions, a cyclical, competitive field where customers can switch providers and pricing power is rarely durable. The filed record shows the strain. In fiscal Q2 2026, the quarter ended 2026-06-28, revenue was $443.0M, up from $396.3M in fiscal Q2 2025, the quarter ended 2025-06-29, but net income was -$3.4M and diluted EPS -$0.11. The prior quarter, fiscal Q1 2026, the quarter ended 2026-03-29, lost $19.8M, or -$0.66 per diluted share. For full fiscal year 2025, the year ended 2025-12-28, revenue was $1.6B with net income of -$48.0M and diluted EPS -$1.61. That was an improvement from fiscal year 2024's -$125.7M loss, but fiscal year 2023, ended 2023-12-31, was also negative at -$14.2M. So this is a turnaround, as FairStock's Lynch rule labels it: a loss in the latest year after earlier profits. Financial health is not comforting. FairStock's trailing free cash flow is -$67.4M, a -25.1% FCF yield; ROE is -20.23% and ROCE is -2.66%. The Piotroski score is 4/9 and Altman Z is 2.13, while EV/EBITDA is 81.90. At the $8.83 close on 2026-10-13, FairStock calculates P/B of 1.05 and P/E of -4.70, so the price is near book but expensive versus current EBITDA and cash flow. I see no margin of safety until losses reverse and cash flow turns positive.

In plain English: TrueBlue provides staffing and workforce solutions. The business looks weak right now: it is losing money and using cash. At $8.83, the price does not look clearly cheap because there are no profits or positive cash flow to support it.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

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 2026-06-28) · fiscal Q1 2026 10-Q (period ended 2026-03-29) · fiscal Q3 2025 10-Q (period ended 2025-09-28) · fiscal Q2 2025 10-Q (period ended 2025-06-29) · FY2025 10-K (period ended 2025-12-28) · FY2024 10-K (period ended 2024-12-29) · 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