# Staffing & Employment Services — company-by-company sector analysis

> Staffing & Employment Services: Kelly Services, Inc. owns the largest revenue base; TrueBlue, Inc. has the fastest current growth.

Sector Alpha — machine-written from the numbers. Data as of 2026-08-04. Not investment advice.

## Bottom line

Staffing & Employment Services has outperformed S&P 500 by 15.3% over 52 weeks and 39.2% over 13 weeks. 8 of 9 covered companies beat the S&P 500 on Mansfield relative strength, while 2 of 9 beat the sector itself. Kelly Services, Inc. leads with revenue of $4,127 million, based on 5 of 11 comparable companies through Mar 2026.

## Sector relative strength

Staffing & Employment Services has outperformed S&P 500 by 15.3% over the last 52 weeks. Over 13 weeks the gap is a lead of 39.2%. 8 of 9 covered companies currently beat the S&P 500 on Mansfield relative strength, so leadership inside the sector is selective. Kforce Inc. is the strongest against the sector itself at +12.6%.

13-week sector return versus NIFTY 500: 39%
52-week sector return versus NIFTY 500: 15%
Stocks leading NIFTY: 8/9
Stocks leading sector: 2/9

Central tension: The central tension: the companies with the most scale are not necessarily the companies creating the most change.

Companies: 11
Combined market value: ₹19.2K Cr

## 4-Factor Sector Score

An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.

1. Kforce Inc. (KFRC): 61/100 — Thin evidence · provisional; evidence 52%
   - Growth & earnings 20.3/35 | Capital efficiency 14.2/25 | Valuation 9.5/20 | Relative strength 17.0/20
   - Price stage: LEADER — Ahead of the benchmark 13 weeks or more running, and ahead over the past year.
   - Led NIFTY 500 by 5%+ over the prior 13 weeks in 12 of the last 12 weeks
   - Exact sum: 20.3 + 14.2 + 9.5 + 17 = 61
   - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
2. ManpowerGroup Inc. (MAN): 59/100 — Thin evidence · provisional; evidence 52%
   - Growth & earnings 21.4/35 | Capital efficiency 10.8/25 | Valuation 10.8/20 | Relative strength 15.9/20
   - Price stage: BREAKING OUT — Ahead of the benchmark five weeks or more running, with its lead holding or widening.
   - Led NIFTY 500 by 5%+ over the prior 13 weeks in 9 of the last 12 weeks
   - Exact sum: 21.4 + 10.8 + 10.8 + 15.9 = 58.9
   - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
3. TriNet Group, Inc. (TNET): 58/100 — Thin evidence · provisional; evidence 58%
   - Growth & earnings 21.1/35 | Capital efficiency 14.7/25 | Valuation 11.2/20 | Relative strength 11.2/20
   - Price stage: BREAKING OUT — Ahead of the benchmark five weeks or more running, with its lead holding or widening.
   - Led NIFTY 500 by 5%+ over the prior 13 weeks in 10 of the last 12 weeks
   - Exact sum: 21.1 + 14.7 + 11.2 + 11.2 = 58.2
   - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
4. Korn Ferry (KFY): 46/100 — Mixed-negative evidence; evidence 85%
   - Growth & earnings 13.7/35 | Capital efficiency 14.2/25 | Valuation 15.3/20 | Relative strength 2.9/20
   - Price stage: BREAKING OUT — Ahead of the benchmark five weeks or more running, with its lead holding or widening.
   - Led NIFTY 500 by 5%+ over the prior 13 weeks in 6 of the last 12 weeks
   - Exact sum: 13.7 + 14.2 + 15.3 + 2.9 = 46.1
   - Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity.
5. Robert Half Inc. (RHI): 46/100 — Thin evidence · provisional; evidence 58%
   - Growth & earnings 15.1/35 | Capital efficiency 7.8/25 | Valuation 9.2/20 | Relative strength 13.4/20
   - Price stage: BREAKING OUT — Ahead of the benchmark five weeks or more running, with its lead holding or widening.
   - Led NIFTY 500 by 5%+ over the prior 13 weeks in 11 of the last 12 weeks
   - Exact sum: 15.1 + 7.8 + 9.2 + 13.4 = 45.5
   - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
6. HireQuest, Inc. (HQI): 45/100 — Mixed-negative evidence; evidence 75%
   - Growth & earnings 21.0/35 | Capital efficiency 12.5/25 | Valuation 4.8/20 | Relative strength 7.0/20
   - Price stage: BREAKING OUT — Ahead of the benchmark five weeks or more running, with its lead holding or widening.
   - Led NIFTY 500 by 5%+ over the prior 13 weeks in 10 of the last 12 weeks
   - Exact sum: 21 + 12.5 + 4.8 + 7 = 45.3
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
7. Insperity, Inc. (NSP): 45/100 — Thin evidence · provisional; evidence 52%
   - Growth & earnings 18.6/35 | Capital efficiency 8.8/25 | Valuation 8.5/20 | Relative strength 9.3/20
   - Price stage: BREAKING OUT — Ahead of the benchmark five weeks or more running, with its lead holding or widening.
   - Led NIFTY 500 by 5%+ over the prior 13 weeks in 12 of the last 12 weeks
   - Exact sum: 18.6 + 8.8 + 8.5 + 9.3 = 45.2
   - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
8. TrueBlue, Inc. (TBI): 39/100 — Thin evidence · provisional; evidence 58%
   - Growth & earnings 14.0/35 | Capital efficiency 3.8/25 | Valuation 8.8/20 | Relative strength 12.2/20
   - Price stage: LEADER — Ahead of the benchmark 13 weeks or more running, and ahead over the past year.
   - Led NIFTY 500 by 5%+ over the prior 13 weeks in 12 of the last 12 weeks
   - Exact sum: 14 + 3.8 + 8.8 + 12.2 = 38.8
   - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
9. Barrett Business Services, Inc. (BBSI): 30/100 — Adverse evidence; evidence 68%
   - Growth & earnings 15.1/35 | Capital efficiency 6.2/25 | Valuation 5.2/20 | Relative strength 3.5/20
   - Price stage: BREAKING OUT — Ahead of the benchmark five weeks or more running, with its lead holding or widening.
   - Led NIFTY 500 by 5%+ over the prior 13 weeks in 9 of the last 12 weeks
   - Exact sum: 15.1 + 6.2 + 5.2 + 3.5 = 30
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
10. CALM Chain International Limited (CCIL): 56/100 — Thin evidence · provisional; evidence 11%
   - Growth & earnings 17.5/35 | Capital efficiency 18.2/25 | Valuation 10.0/20 | Relative strength 10.0/20
   - Exact sum: 17.5 + 18.2 + 10 + 10 = 55.7
   - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
11. Kelly Services, Inc. (KELYB): 37/100 — Thin evidence · provisional; evidence 44%
   - Growth & earnings 10.0/35 | Capital efficiency 6.4/25 | Valuation 10.5/20 | Relative strength 10.0/20
   - Led NIFTY 500 by 5%+ over the prior 13 weeks in 11 of 11 weeks with a reading, within the last 12
   - Exact sum: 10 + 6.4 + 10.5 + 10 = 36.9
   - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

## Market action

Kforce Inc. has the strongest one-year price move in Staffing & Employment Services at +81.7%. It also leads on Mansfield relative strength against the S&P 500 at +47.1%. 8 of 9 covered companies are above zero on that measure. Every line covers 314 weekly closes through 2026-08-04.

### Strongest one-year price performers
1. Kforce Inc. (KFRC): 82%
2. Kelly Services, Inc. (KELYB): 77%
3. HireQuest, Inc. (HQI): 37%
4. ManpowerGroup Inc. (MAN): 35%
5. TrueBlue, Inc. (TBI): 32%

### Strongest relative strength versus NIFTY 500
1. Kforce Inc. (KFRC): 47%
2. ManpowerGroup Inc. (MAN): 45%
3. TrueBlue, Inc. (TBI): 27%
4. Robert Half Inc. (RHI): 23%
5. Insperity, Inc. (NSP): 22%

## Revenue Scale & Growth Durability

What the numbers say: Kelly Services, Inc. is the scale leader at $4,127 million, 40.4% ahead of Korn Ferry. TrueBlue, Inc.'s growth is 7.2% from a $1,644 million base, with 19 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

Investor read: Kelly Services, Inc. is the scale benchmark; TrueBlue, Inc. is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.

This conclusion weakens if: Kelly Services, Inc.'s growth falls below TrueBlue, Inc.'s for two consecutive comparable reports while operating margin also compresses.

Evidence: Kelly Services, Inc. · $4,127 million | 40.4% versus #2 · Korn Ferry | 3/8 recent comparable periods | 5/11 companies · 191 observations

Definition: Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.

### Revenue — largest
1. Kelly Services, Inc. (KELYB): ₹4.1K Cr
2. Korn Ferry (KFY): ₹2.9K Cr
3. TrueBlue, Inc. (TBI): ₹1.6K Cr
4. Barrett Business Services, Inc. (BBSI): ₹1.3K Cr
5. HireQuest, Inc. (HQI): ₹30 Cr

### Revenue growth — fastest growers
1. TrueBlue, Inc. (TBI): 7.2%
2. Barrett Business Services, Inc. (BBSI): 7.1%
3. Korn Ferry (KFY): 6.4%
4. Kelly Services, Inc. (KELYB): -7.3%
5. HireQuest, Inc. (HQI): -9.1%

### 20-quarter Revenue history
- KFY: Sep 2021 ₹588 Cr | Dec 2021 ₹643 Cr | Mar 2022 ₹685 Cr | Jun 2022 ₹727 Cr | Sep 2022 ₹703 Cr | Dec 2022 ₹736 Cr | Mar 2023 ₹687 Cr | Jun 2023 ₹738 Cr | Sep 2023 ₹706 Cr | Dec 2023 ₹712 Cr | Mar 2024 ₹677 Cr | Jun 2024 ₹700 Cr | Sep 2024 ₹683 Cr | Dec 2024 ₹682 Cr | Mar 2025 ₹677 Cr | Jun 2025 ₹720 Cr | Sep 2025 ₹716 Cr | Dec 2025 ₹730 Cr | Mar 2026 ₹725 Cr | Jun 2026 ₹768 Cr
- RHI: Sep 2021 ₹1.7K Cr | Dec 2021 ₹1.8K Cr | Mar 2022 ₹1.8K Cr | Jun 2022 ₹1.9K Cr | Sep 2022 ₹1.8K Cr | Dec 2022 ₹1.7K Cr | Mar 2023 ₹1.7K Cr | Jun 2023 ₹1.6K Cr | Sep 2023 ₹1.6K Cr | Dec 2023 ₹1.5K Cr | Mar 2024 ₹1.5K Cr | Jun 2024 ₹1.5K Cr | Sep 2024 ₹1.5K Cr | Dec 2024 ₹1.4K Cr | Mar 2025 ₹1.4K Cr | Jun 2025 ₹1.4K Cr | Sep 2025 ₹1.4K Cr | Dec 2025 ₹1.3K Cr | Mar 2026 ₹1.3K Cr | Jun 2026 —
- TNET: Sep 2021 ₹1.1K Cr | Dec 2021 ₹1.2K Cr | Mar 2022 ₹1.2K Cr | Jun 2022 ₹1.2K Cr | Sep 2022 ₹1.2K Cr | Dec 2022 ₹1.2K Cr | Mar 2023 ₹1.2K Cr | Jun 2023 ₹1.2K Cr | Sep 2023 ₹1.2K Cr | Dec 2023 ₹1.3K Cr | Mar 2024 ₹1.3K Cr | Jun 2024 ₹1.2K Cr | Sep 2024 ₹1.3K Cr | Dec 2024 ₹1.3K Cr | Mar 2025 ₹1.3K Cr | Jun 2025 ₹1.2K Cr | Sep 2025 ₹1.2K Cr | Dec 2025 ₹1.2K Cr | Mar 2026 ₹1.2K Cr | Jun 2026 —
- MAN: Sep 2021 ₹5.1K Cr | Dec 2021 ₹5.4K Cr | Mar 2022 ₹5.1K Cr | Jun 2022 ₹5.1K Cr | Sep 2022 ₹4.8K Cr | Dec 2022 ₹4.8K Cr | Mar 2023 ₹4.8K Cr | Jun 2023 ₹4.9K Cr | Sep 2023 ₹4.7K Cr | Dec 2023 ₹4.6K Cr | Mar 2024 ₹4.4K Cr | Jun 2024 ₹4.5K Cr | Sep 2024 ₹4.5K Cr | Dec 2024 ₹4.4K Cr | Mar 2025 ₹4.1K Cr | Jun 2025 ₹4.5K Cr | Sep 2025 ₹4.6K Cr | Dec 2025 ₹4.7K Cr | Mar 2026 ₹4.5K Cr | Jun 2026 —
- NSP: Sep 2021 ₹1.2K Cr | Dec 2021 ₹1.3K Cr | Mar 2022 ₹1.6K Cr | Jun 2022 ₹1.4K Cr | Sep 2022 ₹1.4K Cr | Dec 2022 ₹1.5K Cr | Mar 2023 ₹1.8K Cr | Jun 2023 ₹1.6K Cr | Sep 2023 ₹1.6K Cr | Dec 2023 ₹1.6K Cr | Mar 2024 ₹1.8K Cr | Jun 2024 ₹1.6K Cr | Sep 2024 ₹1.6K Cr | Dec 2024 ₹1.6K Cr | Mar 2025 ₹1.9K Cr | Jun 2025 ₹1.7K Cr | Sep 2025 ₹1.6K Cr | Dec 2025 ₹1.7K Cr | Mar 2026 ₹1.9K Cr | Jun 2026 —
- BBSI: Sep 2021 ₹247 Cr | Dec 2021 ₹257 Cr | Mar 2022 ₹246 Cr | Jun 2022 ₹262 Cr | Sep 2022 ₹274 Cr | Dec 2022 ₹272 Cr | Mar 2023 ₹255 Cr | Jun 2023 ₹265 Cr | Sep 2023 ₹273 Cr | Dec 2023 ₹277 Cr | Mar 2024 ₹266 Cr | Jun 2024 ₹280 Cr | Sep 2024 ₹294 Cr | Dec 2024 ₹305 Cr | Mar 2025 ₹293 Cr | Jun 2025 ₹308 Cr | Sep 2025 ₹319 Cr | Dec 2025 ₹321 Cr | Mar 2026 ₹307 Cr | Jun 2026 —
- KFRC: Sep 2021 ₹403 Cr | Dec 2021 ₹410 Cr | Mar 2022 ₹417 Cr | Jun 2022 ₹437 Cr | Sep 2022 ₹438 Cr | Dec 2022 ₹420 Cr | Mar 2023 ₹406 Cr | Jun 2023 ₹389 Cr | Sep 2023 ₹373 Cr | Dec 2023 ₹363 Cr | Mar 2024 ₹352 Cr | Jun 2024 ₹356 Cr | Sep 2024 ₹353 Cr | Dec 2024 ₹344 Cr | Mar 2025 ₹330 Cr | Jun 2025 ₹334 Cr | Sep 2025 ₹333 Cr | Dec 2025 ₹332 Cr | Mar 2026 ₹330 Cr | Jun 2026 —
- KELYB: Sep 2021 ₹1.3K Cr | Dec 2021 ₹1.2K Cr | Mar 2022 ₹1.3K Cr | Jun 2022 ₹1.3K Cr | Sep 2022 ₹1.3K Cr | Dec 2022 ₹1.2K Cr | Mar 2023 ₹1.2K Cr | Jun 2023 ₹1.3K Cr | Sep 2023 ₹1.2K Cr | Dec 2023 ₹1.1K Cr | Mar 2024 ₹1.0K Cr | Jun 2024 ₹1.1K Cr | Sep 2024 ₹1.0K Cr | Dec 2024 ₹1.2K Cr | Mar 2025 ₹1.2K Cr | Jun 2025 ₹1.1K Cr | Sep 2025 ₹935 Cr | Dec 2025 ₹1.0K Cr | Mar 2026 ₹1.0K Cr | Jun 2026 —
- TBI: Sep 2021 ₹577 Cr | Dec 2021 ₹622 Cr | Mar 2022 ₹552 Cr | Jun 2022 ₹569 Cr | Sep 2022 ₹576 Cr | Dec 2022 ₹558 Cr | Mar 2023 ₹465 Cr | Jun 2023 ₹476 Cr | Sep 2023 ₹473 Cr | Dec 2023 ₹492 Cr | Mar 2024 ₹403 Cr | Jun 2024 ₹396 Cr | Sep 2024 ₹382 Cr | Dec 2024 ₹386 Cr | Mar 2025 ₹370 Cr | Jun 2025 ₹396 Cr | Sep 2025 ₹431 Cr | Dec 2025 ₹418 Cr | Mar 2026 ₹399 Cr | Jun 2026 —
- HQI: Sep 2021 ₹7 Cr | Dec 2021 ₹7 Cr | Mar 2022 ₹7 Cr | Jun 2022 ₹8 Cr | Sep 2022 ₹8 Cr | Dec 2022 ₹8 Cr | Mar 2023 ₹10 Cr | Jun 2023 ₹9 Cr | Sep 2023 ₹9 Cr | Dec 2023 ₹10 Cr | Mar 2024 ₹8 Cr | Jun 2024 ₹9 Cr | Sep 2024 ₹9 Cr | Dec 2024 ₹8 Cr | Mar 2025 ₹7 Cr | Jun 2025 ₹8 Cr | Sep 2025 ₹8 Cr | Dec 2025 ₹7 Cr | Mar 2026 ₹7 Cr | Jun 2026 —

### 20-quarter Revenue growth history
- KFY: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 20% | Dec 2022 14% | Mar 2023 0.3% | Jun 2023 1.5% | Sep 2023 0.4% | Dec 2023 -3.3% | Mar 2024 -1.5% | Jun 2024 -5.2% | Sep 2024 -3.3% | Dec 2024 -4.2% | Mar 2025 0.0% | Jun 2025 2.9% | Sep 2025 4.8% | Dec 2025 7.0% | Mar 2026 7.1% | Jun 2026 6.7%
- RHI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 18% | Sep 2022 7.0% | Dec 2022 -2.4% | Mar 2023 -5.5% | Jun 2023 -12% | Sep 2023 -15% | Dec 2023 -15% | Mar 2024 -14% | Jun 2024 -10% | Sep 2024 -6.3% | Dec 2024 -6.2% | Mar 2025 -8.4% | Jun 2025 -7.0% | Sep 2025 -7.6% | Dec 2025 -5.8% | Mar 2026 -3.9% | Jun 2026 —
- TNET: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 9.1% | Sep 2022 8.1% | Dec 2022 1.3% | Mar 2023 2.3% | Jun 2023 0.8% | Sep 2023 -1.5% | Dec 2023 5.5% | Mar 2024 2.9% | Jun 2024 2.8% | Sep 2024 2.5% | Dec 2024 -3.0% | Mar 2025 0.8% | Jun 2025 -0.4% | Sep 2025 -1.6% | Dec 2025 -2.3% | Mar 2026 -5.1% | Jun 2026 —
- MAN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -3.9% | Sep 2022 -6.6% | Dec 2022 -11% | Mar 2023 -7.6% | Jun 2023 -4.3% | Sep 2023 -2.6% | Dec 2023 -3.7% | Mar 2024 -7.3% | Jun 2024 -6.9% | Sep 2024 -3.1% | Dec 2024 -5.0% | Mar 2025 -7.1% | Jun 2025 -0.0% | Sep 2025 2.3% | Dec 2025 7.1% | Mar 2026 10% | Jun 2026 —
- NSP: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 21% | Sep 2022 19% | Dec 2022 15% | Mar 2023 12% | Jun 2023 11% | Sep 2023 7.8% | Dec 2023 6.0% | Mar 2024 1.8% | Jun 2024 1.3% | Sep 2024 0.6% | Dec 2024 2.1% | Mar 2025 3.4% | Jun 2025 3.3% | Sep 2025 4.0% | Dec 2025 3.4% | Mar 2026 1.7% | Jun 2026 —
- BBSI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 12% | Sep 2022 11% | Dec 2022 5.8% | Mar 2023 3.7% | Jun 2023 1.2% | Sep 2023 -0.4% | Dec 2023 1.8% | Mar 2024 4.3% | Jun 2024 5.7% | Sep 2024 7.7% | Dec 2024 10% | Mar 2025 10% | Jun 2025 10% | Sep 2025 8.5% | Dec 2025 5.3% | Mar 2026 4.8% | Jun 2026 —
- KFRC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 8.2% | Sep 2022 8.7% | Dec 2022 2.4% | Mar 2023 -2.6% | Jun 2023 -11% | Sep 2023 -15% | Dec 2023 -14% | Mar 2024 -13% | Jun 2024 -8.5% | Sep 2024 -5.4% | Dec 2024 -5.2% | Mar 2025 -6.3% | Jun 2025 -6.2% | Sep 2025 -5.7% | Dec 2025 -3.5% | Mar 2026 0.0% | Jun 2026 —
- KELYB: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 0.7% | Dec 2022 -2.3% | Mar 2023 -1.3% | Jun 2023 -2.2% | Sep 2023 -4.0% | Dec 2023 -4.3% | Mar 2024 -15% | Jun 2024 -17% | Sep 2024 -15% | Dec 2024 6.5% | Mar 2025 11% | Jun 2025 4.2% | Sep 2025 -9.9% | Dec 2025 -12% | Mar 2026 -11% | Jun 2026 —
- TBI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 10% | Sep 2022 -0.2% | Dec 2022 -10% | Mar 2023 -16% | Jun 2023 -16% | Sep 2023 -18% | Dec 2023 -12% | Mar 2024 -13% | Jun 2024 -17% | Sep 2024 -19% | Dec 2024 -22% | Mar 2025 -8.2% | Jun 2025 0.0% | Sep 2025 13% | Dec 2025 8.3% | Mar 2026 7.8% | Jun 2026 —
- HQI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 33% | Sep 2022 14% | Dec 2022 14% | Mar 2023 43% | Jun 2023 13% | Sep 2023 13% | Dec 2023 25% | Mar 2024 -20% | Jun 2024 0.0% | Sep 2024 0.0% | Dec 2024 -20% | Mar 2025 -13% | Jun 2025 -11% | Sep 2025 -11% | Dec 2025 -13% | Mar 2026 0.0% | Jun 2026 —

## Operating Economics & Margin Trend

What the numbers say: HireQuest, Inc. leads both opm at 22.6% and margin change at +2.8 percentage points.

Investor read: HireQuest, Inc. sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current margin change signal.

Evidence: HireQuest, Inc. · 22.6% | 71.2% versus #2 · Korn Ferry | 4/8 recent comparable periods | 10/11 companies · 191 observations

Definition: Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.

### OPM — highest
1. HireQuest, Inc. (HQI): 23%
2. Korn Ferry (KFY): 13%
3. TriNet Group, Inc. (TNET): 11%
4. Kforce Inc. (KFRC): 3.6%
5. Insperity, Inc. (NSP): 3.3%

### Margin change — fastest expanders
1. HireQuest, Inc. (HQI): +2.8 pp
2. TriNet Group, Inc. (TNET): +1.1 pp
3. Kforce Inc. (KFRC): +0.1 pp
4. ManpowerGroup Inc. (MAN): −0.1 pp
5. Robert Half Inc. (RHI): −0.1 pp

### 20-quarter OPM history
- KFY: Sep 2021 17% | Dec 2021 16% | Mar 2022 18% | Jun 2022 19% | Sep 2022 16% | Dec 2022 16% | Mar 2023 1.8% | Jun 2023 9.8% | Sep 2023 8.0% | Dec 2023 3.2% | Mar 2024 7.4% | Jun 2024 12% | Sep 2024 11% | Dec 2024 13% | Mar 2025 12% | Jun 2025 15% | Sep 2025 12% | Dec 2025 14% | Mar 2026 13% | Jun 2026 13%
- RHI: Sep 2021 13% | Dec 2021 11% | Mar 2022 14% | Jun 2022 16% | Sep 2022 13% | Dec 2022 10% | Mar 2023 7.9% | Jun 2023 7.1% | Sep 2023 9.1% | Dec 2023 4.4% | Mar 2024 2.8% | Jun 2024 5.1% | Sep 2024 4.1% | Dec 2024 4.7% | Mar 2025 2.9% | Jun 2025 0.1% | Sep 2025 1.0% | Dec 2025 1.7% | Mar 2026 2.8% | Jun 2026 —
- TNET: Sep 2021 9.1% | Dec 2021 7.4% | Mar 2022 17% | Jun 2022 9.9% | Sep 2022 9.7% | Dec 2022 6.3% | Mar 2023 14% | Jun 2023 8.0% | Sep 2023 9.5% | Dec 2023 12% | Mar 2024 11% | Jun 2024 7.8% | Sep 2024 5.8% | Dec 2024 -1.7% | Mar 2025 10% | Jun 2025 5.3% | Sep 2025 5.1% | Dec 2025 1.2% | Mar 2026 11% | Jun 2026 —
- MAN: Sep 2021 2.9% | Dec 2021 3.1% | Mar 2022 2.7% | Jun 2022 3.6% | Sep 2022 3.4% | Dec 2022 2.1% | Mar 2023 2.5% | Jun 2023 2.2% | Sep 2023 1.5% | Dec 2023 -0.9% | Mar 2024 1.5% | Jun 2024 2.2% | Sep 2024 1.6% | Dec 2024 1.6% | Mar 2025 0.7% | Jun 2025 -0.6% | Sep 2025 1.4% | Dec 2025 1.7% | Mar 2026 0.6% | Jun 2026 —
- NSP: Sep 2021 3.3% | Dec 2021 1.1% | Mar 2022 6.2% | Jun 2022 3.4% | Sep 2022 3.7% | Dec 2022 3.4% | Mar 2023 6.8% | Jun 2023 1.0% | Sep 2023 3.8% | Dec 2023 1.5% | Mar 2024 6.0% | Jun 2024 1.4% | Sep 2024 0.1% | Dec 2024 -0.9% | Mar 2025 3.7% | Jun 2025 -0.4% | Sep 2025 -1.5% | Dec 2025 -2.8% | Mar 2026 3.3% | Jun 2026 —
- BBSI: Sep 2021 7.2% | Dec 2021 5.2% | Mar 2022 -0.5% | Jun 2022 8.8% | Sep 2022 8.2% | Dec 2022 5.5% | Mar 2023 -0.5% | Jun 2023 8.1% | Sep 2023 8.2% | Dec 2023 6.6% | Mar 2024 -1.8% | Jun 2024 7.3% | Sep 2024 8.0% | Dec 2024 6.8% | Mar 2025 -1.4% | Jun 2025 7.5% | Sep 2025 7.8% | Dec 2025 5.8% | Mar 2026 -2.1% | Jun 2026 —
- KFRC: Sep 2021 7.3% | Dec 2021 6.0% | Mar 2022 6.7% | Jun 2022 7.8% | Sep 2022 7.2% | Dec 2022 5.7% | Mar 2023 5.8% | Jun 2023 6.7% | Sep 2023 4.3% | Dec 2023 6.0% | Mar 2024 4.5% | Jun 2024 5.5% | Sep 2024 5.3% | Dec 2024 4.5% | Mar 2025 3.5% | Jun 2025 4.5% | Sep 2025 4.5% | Dec 2025 2.6% | Mar 2026 3.6% | Jun 2026 —
- KELYB: Sep 2021 1.1% | Dec 2021 0.8% | Mar 2022 1.2% | Jun 2022 1.8% | Sep 2022 0.6% | Dec 2022 -1.8% | Mar 2023 0.4% | Jun 2023 0.8% | Sep 2023 0.5% | Dec 2023 0.0% | Mar 2024 2.6% | Jun 2024 1.2% | Sep 2024 0.3% | Dec 2024 -4.8% | Mar 2025 0.9% | Jun 2025 2.0% | Sep 2025 -11% | Dec 2025 -0.1% | Mar 2026 -0.5% | Jun 2026 —
- TBI: Sep 2021 3.7% | Dec 2021 3.5% | Mar 2022 2.2% | Jun 2022 5.1% | Sep 2022 4.2% | Dec 2022 1.2% | Mar 2023 -1.3% | Jun 2023 -1.4% | Sep 2023 -0.6% | Dec 2023 -1.8% | Mar 2024 -3.8% | Jun 2024 -15% | Sep 2024 -1.8% | Dec 2024 -2.7% | Mar 2025 -3.8% | Jun 2025 -0.7% | Sep 2025 0.0% | Dec 2025 -7.0% | Mar 2026 -4.5% | Jun 2026 —
- HQI: Sep 2021 50% | Dec 2021 25% | Mar 2022 55% | Jun 2022 53% | Sep 2022 67% | Dec 2022 33% | Mar 2023 34% | Jun 2023 30% | Sep 2023 24% | Dec 2023 25% | Mar 2024 25% | Jun 2024 31% | Sep 2024 -29% | Dec 2024 28% | Mar 2025 20% | Jun 2025 14% | Sep 2025 29% | Dec 2025 19% | Mar 2026 23% | Jun 2026 —

### 20-quarter Margin change history
- KFY: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −1.3 pp | Dec 2022 +0.2 pp | Mar 2023 −16.6 pp | Jun 2023 −9.3 pp | Sep 2023 −7.9 pp | Dec 2023 −13.1 pp | Mar 2024 +5.6 pp | Jun 2024 +2.1 pp | Sep 2024 +3.1 pp | Dec 2024 +9.6 pp | Mar 2025 +4.2 pp | Jun 2025 +2.6 pp | Sep 2025 +0.6 pp | Dec 2025 +0.7 pp | Mar 2026 +1.0 pp | Jun 2026 −1.3 pp
- RHI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 +5.3 pp | Sep 2022 −0.3 pp | Dec 2022 −1.2 pp | Mar 2023 −6.3 pp | Jun 2023 −9.3 pp | Sep 2023 −3.9 pp | Dec 2023 −5.6 pp | Mar 2024 −5.1 pp | Jun 2024 −2.0 pp | Sep 2024 −5.0 pp | Dec 2024 +0.3 pp | Mar 2025 +0.1 pp | Jun 2025 −5.0 pp | Sep 2025 −3.1 pp | Dec 2025 −3.0 pp | Mar 2026 −0.1 pp | Jun 2026 —
- TNET: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 −1.1 pp | Sep 2022 +0.6 pp | Dec 2022 −1.1 pp | Mar 2023 −3.1 pp | Jun 2023 −1.9 pp | Sep 2023 −0.2 pp | Dec 2023 +5.8 pp | Mar 2024 −2.7 pp | Jun 2024 −0.2 pp | Sep 2024 −3.7 pp | Dec 2024 −13.8 pp | Mar 2025 −0.9 pp | Jun 2025 −2.5 pp | Sep 2025 −0.7 pp | Dec 2025 +2.9 pp | Mar 2026 +1.1 pp | Jun 2026 —
- MAN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 +0.4 pp | Sep 2022 +0.5 pp | Dec 2022 −1.0 pp | Mar 2023 −0.2 pp | Jun 2023 −1.4 pp | Sep 2023 −1.9 pp | Dec 2023 −3.0 pp | Mar 2024 −1.0 pp | Jun 2024 0.0 pp | Sep 2024 +0.1 pp | Dec 2024 +2.5 pp | Mar 2025 −0.8 pp | Jun 2025 −2.8 pp | Sep 2025 −0.2 pp | Dec 2025 +0.1 pp | Mar 2026 −0.1 pp | Jun 2026 —
- NSP: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 +0.4 pp | Sep 2022 +0.4 pp | Dec 2022 +2.3 pp | Mar 2023 +0.6 pp | Jun 2023 −2.4 pp | Sep 2023 +0.1 pp | Dec 2023 −1.9 pp | Mar 2024 −0.8 pp | Jun 2024 +0.4 pp | Sep 2024 −3.7 pp | Dec 2024 −2.4 pp | Mar 2025 −2.3 pp | Jun 2025 −1.8 pp | Sep 2025 −1.6 pp | Dec 2025 −1.9 pp | Mar 2026 −0.4 pp | Jun 2026 —
- BBSI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 0.0 pp | Sep 2022 +1.0 pp | Dec 2022 +0.3 pp | Mar 2023 0.0 pp | Jun 2023 −0.7 pp | Sep 2023 0.0 pp | Dec 2023 +1.1 pp | Mar 2024 −1.3 pp | Jun 2024 −0.8 pp | Sep 2024 −0.2 pp | Dec 2024 +0.2 pp | Mar 2025 +0.4 pp | Jun 2025 +0.2 pp | Sep 2025 −0.2 pp | Dec 2025 −1.0 pp | Mar 2026 −0.7 pp | Jun 2026 —
- KFRC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 −0.4 pp | Sep 2022 −0.1 pp | Dec 2022 −0.3 pp | Mar 2023 −0.9 pp | Jun 2023 −1.1 pp | Sep 2023 −2.9 pp | Dec 2023 +0.3 pp | Mar 2024 −1.3 pp | Jun 2024 −1.2 pp | Sep 2024 +1.0 pp | Dec 2024 −1.5 pp | Mar 2025 −1.0 pp | Jun 2025 −1.0 pp | Sep 2025 −0.8 pp | Dec 2025 −1.9 pp | Mar 2026 +0.1 pp | Jun 2026 —
- KELYB: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −0.5 pp | Dec 2022 −2.6 pp | Mar 2023 −0.8 pp | Jun 2023 −1.0 pp | Sep 2023 −0.1 pp | Dec 2023 +1.8 pp | Mar 2024 +2.2 pp | Jun 2024 +0.4 pp | Sep 2024 −0.2 pp | Dec 2024 −4.8 pp | Mar 2025 −1.7 pp | Jun 2025 +0.8 pp | Sep 2025 −11.2 pp | Dec 2025 +4.7 pp | Mar 2026 −1.4 pp | Jun 2026 —
- TBI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 +1.4 pp | Sep 2022 +0.5 pp | Dec 2022 −2.3 pp | Mar 2023 −3.5 pp | Jun 2023 −6.5 pp | Sep 2023 −4.8 pp | Dec 2023 −3.0 pp | Mar 2024 −2.5 pp | Jun 2024 −13.7 pp | Sep 2024 −1.2 pp | Dec 2024 −0.9 pp | Mar 2025 0.0 pp | Jun 2025 +14.4 pp | Sep 2025 +1.8 pp | Dec 2025 −4.3 pp | Mar 2026 −0.7 pp | Jun 2026 —
- HQI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 −4.6 pp | Sep 2022 +16.4 pp | Dec 2022 +7.6 pp | Mar 2023 −21.6 pp | Jun 2023 −23.6 pp | Sep 2023 −42.9 pp | Dec 2023 −7.9 pp | Mar 2024 −8.6 pp | Jun 2024 +1.4 pp | Sep 2024 −52.5 pp | Dec 2024 +3.0 pp | Mar 2025 −5.2 pp | Jun 2025 −17.3 pp | Sep 2025 +57.4 pp | Dec 2025 −9.3 pp | Mar 2026 +2.8 pp | Jun 2026 —

## Profit Scale & Acceleration

What the numbers say: Korn Ferry leads with $280 million of TTM profit, 600% above Barrett Business Services, Inc.. HireQuest, Inc. shows ≥100% on the scoring scale (133.3% uncapped) growth from a $7 million profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

Investor read: Korn Ferry sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.

Evidence: Korn Ferry · $280 million | 600% versus #2 · Barrett Business Services, Inc. | 6/8 recent comparable periods | 5/11 companies · 191 observations

Definition: Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank.

### Net profit — largest
1. Korn Ferry (KFY): ₹280 Cr
2. Barrett Business Services, Inc. (BBSI): ₹40 Cr
3. HireQuest, Inc. (HQI): ₹7 Cr
4. TrueBlue, Inc. (TBI): ₹-54 Cr
5. Kelly Services, Inc. (KELYB): ₹-140 Cr

### Profit growth — fastest growers
1. HireQuest, Inc. (HQI): 100%
2. Korn Ferry (KFY): 12%

### 20-quarter Net profit history
- KFY: Sep 2021 ₹76 Cr | Dec 2021 ₹76 Cr | Mar 2022 ₹85 Cr | Jun 2022 ₹93 Cr | Sep 2022 ₹79 Cr | Dec 2022 ₹75 Cr | Mar 2023 ₹12 Cr | Jun 2023 ₹48 Cr | Sep 2023 ₹47 Cr | Dec 2023 ₹0 Cr | Mar 2024 ₹60 Cr | Jun 2024 ₹66 Cr | Sep 2024 ₹64 Cr | Dec 2024 ₹62 Cr | Mar 2025 ₹59 Cr | Jun 2025 ₹65 Cr | Sep 2025 ₹67 Cr | Dec 2025 ₹73 Cr | Mar 2026 ₹66 Cr | Jun 2026 ₹74 Cr
- RHI: Sep 2021 ₹170 Cr | Dec 2021 ₹167 Cr | Mar 2022 ₹168 Cr | Jun 2022 ₹175 Cr | Sep 2022 ₹166 Cr | Dec 2022 ₹147 Cr | Mar 2023 ₹121 Cr | Jun 2023 ₹106 Cr | Sep 2023 ₹95 Cr | Dec 2023 ₹38 Cr | Mar 2024 ₹64 Cr | Jun 2024 ₹68 Cr | Sep 2024 ₹65 Cr | Dec 2024 ₹54 Cr | Mar 2025 ₹17 Cr | Jun 2025 ₹41 Cr | Sep 2025 ₹43 Cr | Dec 2025 ₹32 Cr | Mar 2026 ₹14 Cr | Jun 2026 —
- TNET: Sep 2021 ₹77 Cr | Dec 2021 ₹69 Cr | Mar 2022 ₹146 Cr | Jun 2022 ₹85 Cr | Sep 2022 ₹77 Cr | Dec 2022 ₹48 Cr | Mar 2023 ₹131 Cr | Jun 2023 ₹83 Cr | Sep 2023 ₹94 Cr | Dec 2023 ₹67 Cr | Mar 2024 ₹91 Cr | Jun 2024 ₹60 Cr | Sep 2024 ₹45 Cr | Dec 2024 ₹-23 Cr | Mar 2025 ₹85 Cr | Jun 2025 ₹37 Cr | Sep 2025 ₹34 Cr | Dec 2025 ₹-1 Cr | Mar 2026 ₹89 Cr | Jun 2026 —
- MAN: Sep 2021 ₹98 Cr | Dec 2021 ₹111 Cr | Mar 2022 ₹92 Cr | Jun 2022 ₹122 Cr | Sep 2022 ₹111 Cr | Dec 2022 ₹49 Cr | Mar 2023 ₹78 Cr | Jun 2023 ₹65 Cr | Sep 2023 ₹30 Cr | Dec 2023 ₹-85 Cr | Mar 2024 ₹40 Cr | Jun 2024 ₹60 Cr | Sep 2024 ₹23 Cr | Dec 2024 ₹23 Cr | Mar 2025 ₹6 Cr | Jun 2025 ₹-67 Cr | Sep 2025 ₹18 Cr | Dec 2025 ₹30 Cr | Mar 2026 ₹3 Cr | Jun 2026 —
- NSP: Sep 2021 ₹27 Cr | Dec 2021 ₹10 Cr | Mar 2022 ₹70 Cr | Jun 2022 ₹34 Cr | Sep 2022 ₹38 Cr | Dec 2022 ₹38 Cr | Mar 2023 ₹95 Cr | Jun 2023 ₹12 Cr | Sep 2023 ₹45 Cr | Dec 2023 ₹19 Cr | Mar 2024 ₹79 Cr | Jun 2024 ₹18 Cr | Sep 2024 ₹3 Cr | Dec 2024 ₹-9 Cr | Mar 2025 ₹51 Cr | Jun 2025 ₹-5 Cr | Sep 2025 ₹-20 Cr | Dec 2025 ₹-33 Cr | Mar 2026 ₹33 Cr | Jun 2026 —
- BBSI: Sep 2021 ₹15 Cr | Dec 2021 ₹11 Cr | Mar 2022 ₹0 Cr | Jun 2022 ₹18 Cr | Sep 2022 ₹17 Cr | Dec 2022 ₹12 Cr | Mar 2023 ₹1 Cr | Jun 2023 ₹17 Cr | Sep 2023 ₹18 Cr | Dec 2023 ₹15 Cr | Mar 2024 ₹0 Cr | Jun 2024 ₹17 Cr | Sep 2024 ₹20 Cr | Dec 2024 ₹17 Cr | Mar 2025 ₹-1 Cr | Jun 2025 ₹18 Cr | Sep 2025 ₹21 Cr | Dec 2025 ₹16 Cr | Mar 2026 ₹-15 Cr | Jun 2026 —
- KFRC: Sep 2021 ₹20 Cr | Dec 2021 ₹21 Cr | Mar 2022 ₹19 Cr | Jun 2022 ₹27 Cr | Sep 2022 ₹22 Cr | Dec 2022 ₹7 Cr | Mar 2023 ₹16 Cr | Jun 2023 ₹19 Cr | Sep 2023 ₹11 Cr | Dec 2023 ₹16 Cr | Mar 2024 ₹11 Cr | Jun 2024 ₹14 Cr | Sep 2024 ₹14 Cr | Dec 2024 ₹11 Cr | Mar 2025 ₹8 Cr | Jun 2025 ₹10 Cr | Sep 2025 ₹11 Cr | Dec 2025 ₹5 Cr | Mar 2026 ₹8 Cr | Jun 2026 —
- KELYB: Sep 2021 ₹22 Cr | Dec 2021 ₹33 Cr | Mar 2022 ₹69 Cr | Jun 2022 ₹-48 Cr | Sep 2022 ₹2 Cr | Dec 2022 ₹-16 Cr | Mar 2023 ₹-1 Cr | Jun 2023 ₹11 Cr | Sep 2023 ₹8 Cr | Dec 2023 ₹7 Cr | Mar 2024 ₹26 Cr | Jun 2024 ₹5 Cr | Sep 2024 ₹1 Cr | Dec 2024 ₹-56 Cr | Mar 2025 ₹6 Cr | Jun 2025 ₹19 Cr | Sep 2025 ₹-150 Cr | Dec 2025 ₹-3 Cr | Mar 2026 ₹-6 Cr | Jun 2026 —
- TBI: Sep 2021 ₹19 Cr | Dec 2021 ₹20 Cr | Mar 2022 ₹11 Cr | Jun 2022 ₹24 Cr | Sep 2022 ₹21 Cr | Dec 2022 ₹7 Cr | Mar 2023 ₹-4 Cr | Jun 2023 ₹-7 Cr | Sep 2023 ₹0 Cr | Dec 2023 ₹-3 Cr | Mar 2024 ₹-2 Cr | Jun 2024 ₹-105 Cr | Sep 2024 ₹-8 Cr | Dec 2024 ₹-12 Cr | Mar 2025 ₹-14 Cr | Jun 2025 ₹0 Cr | Sep 2025 ₹-2 Cr | Dec 2025 ₹-32 Cr | Mar 2026 ₹-20 Cr | Jun 2026 —
- HQI: Sep 2021 ₹3 Cr | Dec 2021 ₹2 Cr | Mar 2022 ₹0 Cr | Jun 2022 ₹5 Cr | Sep 2022 ₹4 Cr | Dec 2022 ₹3 Cr | Mar 2023 ₹2 Cr | Jun 2023 ₹2 Cr | Sep 2023 ₹2 Cr | Dec 2023 ₹0 Cr | Mar 2024 ₹2 Cr | Jun 2024 ₹2 Cr | Sep 2024 ₹-2 Cr | Dec 2024 ₹2 Cr | Mar 2025 ₹1 Cr | Jun 2025 ₹1 Cr | Sep 2025 ₹2 Cr | Dec 2025 ₹2 Cr | Mar 2026 ₹2 Cr | Jun 2026 —

### 20-quarter Profit growth history
- KFY: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 4.0% | Dec 2022 -1.3% | Mar 2023 -86% | Jun 2023 -48% | Sep 2023 -41% | Dec 2023 -100% | Mar 2024 400% | Jun 2024 38% | Sep 2024 36% | Dec 2024 — | Mar 2025 -1.7% | Jun 2025 -1.5% | Sep 2025 4.7% | Dec 2025 18% | Mar 2026 12% | Jun 2026 14%
- RHI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 17% | Sep 2022 -2.4% | Dec 2022 -12% | Mar 2023 -28% | Jun 2023 -39% | Sep 2023 -43% | Dec 2023 -74% | Mar 2024 -47% | Jun 2024 -36% | Sep 2024 -32% | Dec 2024 42% | Mar 2025 -73% | Jun 2025 -40% | Sep 2025 -34% | Dec 2025 -41% | Mar 2026 -18% | Jun 2026 —
- TNET: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -6.6% | Sep 2022 0.0% | Dec 2022 -30% | Mar 2023 -10% | Jun 2023 -2.4% | Sep 2023 22% | Dec 2023 40% | Mar 2024 -31% | Jun 2024 -28% | Sep 2024 -52% | Dec 2024 -134% | Mar 2025 -6.6% | Jun 2025 -38% | Sep 2025 -24% | Dec 2025 — | Mar 2026 4.7% | Jun 2026 —
- MAN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 8.9% | Sep 2022 13% | Dec 2022 -56% | Mar 2023 -15% | Jun 2023 -47% | Sep 2023 -73% | Dec 2023 -273% | Mar 2024 -49% | Jun 2024 -7.7% | Sep 2024 -23% | Dec 2024 — | Mar 2025 -85% | Jun 2025 -212% | Sep 2025 -22% | Dec 2025 30% | Mar 2026 -50% | Jun 2026 —
- NSP: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 36% | Sep 2022 41% | Dec 2022 280% | Mar 2023 36% | Jun 2023 -65% | Sep 2023 18% | Dec 2023 -50% | Mar 2024 -17% | Jun 2024 50% | Sep 2024 -93% | Dec 2024 -147% | Mar 2025 -35% | Jun 2025 -128% | Sep 2025 -767% | Dec 2025 — | Mar 2026 -35% | Jun 2026 —
- BBSI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 5.9% | Sep 2022 13% | Dec 2022 9.1% | Mar 2023 — | Jun 2023 -5.6% | Sep 2023 5.9% | Dec 2023 25% | Mar 2024 -100% | Jun 2024 0.0% | Sep 2024 11% | Dec 2024 13% | Mar 2025 — | Jun 2025 5.9% | Sep 2025 5.0% | Dec 2025 -5.9% | Mar 2026 — | Jun 2026 —
- KFRC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 29% | Sep 2022 10% | Dec 2022 -67% | Mar 2023 -16% | Jun 2023 -30% | Sep 2023 -50% | Dec 2023 129% | Mar 2024 -31% | Jun 2024 -26% | Sep 2024 27% | Dec 2024 -31% | Mar 2025 -27% | Jun 2025 -29% | Sep 2025 -21% | Dec 2025 -55% | Mar 2026 0.0% | Jun 2026 —
- KELYB: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 -91% | Dec 2022 -148% | Mar 2023 -101% | Jun 2023 — | Sep 2023 300% | Dec 2023 — | Mar 2024 — | Jun 2024 -55% | Sep 2024 -88% | Dec 2024 -900% | Mar 2025 -77% | Jun 2025 280% | Sep 2025 -15,100% | Dec 2025 — | Mar 2026 -200% | Jun 2026 —
- TBI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 50% | Sep 2022 11% | Dec 2022 -65% | Mar 2023 -136% | Jun 2023 -129% | Sep 2023 -100% | Dec 2023 -143% | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 —
- HQI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 67% | Sep 2022 33% | Dec 2022 50% | Mar 2023 — | Jun 2023 -60% | Sep 2023 -50% | Dec 2023 -100% | Mar 2024 0.0% | Jun 2024 0.0% | Sep 2024 -200% | Dec 2024 — | Mar 2025 -50% | Jun 2025 -50% | Sep 2025 — | Dec 2025 0.0% | Mar 2026 100% | Jun 2026 —

## Return On Capital Employed

What the numbers say: CALM Chain International Limited leads ROCE at 112.4%, 105.1 percentage points above TriNet Group, Inc.. CALM Chain International Limited has the strongest latest improvement at +155.9 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability.

Investor read: CALM Chain International Limited sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current roce change signal.

Evidence: CALM Chain International Limited · 112.4% | 15.4× versus #2 · TriNet Group, Inc. | Not enough history | 11/11 companies · 194 observations

Definition: ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability.

### ROCE — highest
1. CALM Chain International Limited (CCIL): 112%
2. TriNet Group, Inc. (TNET): 7.3%
3. Kforce Inc. (KFRC): 6.8%
4. Korn Ferry (KFY): 3.4%
5. ManpowerGroup Inc. (MAN): 3.3%

### ROCE change — fastest improvers
1. CALM Chain International Limited (CCIL): +155.9 pp
2. ManpowerGroup Inc. (MAN): +4.0 pp
3. Insperity, Inc. (NSP): +1.9 pp
4. TriNet Group, Inc. (TNET): +1.8 pp
5. Kforce Inc. (KFRC): +1.1 pp

### 20-quarter ROCE history
- KFY: Sep 2021 — | Dec 2021 4.6% | Mar 2022 5.4% | Jun 2022 5.8% | Sep 2022 4.6% | Dec 2022 4.9% | Mar 2023 0.5% | Jun 2023 2.9% | Sep 2023 2.2% | Dec 2023 0.9% | Mar 2024 1.9% | Jun 2024 3.1% | Sep 2024 2.8% | Dec 2024 3.2% | Mar 2025 2.8% | Jun 2025 3.7% | Sep 2025 2.9% | Dec 2025 3.4% | Mar 2026 3.1% | Jun 2026 3.4%
- RHI: Sep 2021 15% | Dec 2021 13% | Mar 2022 16% | Jun 2022 19% | Sep 2022 15% | Dec 2022 10% | Mar 2023 7.9% | Jun 2023 6.8% | Sep 2023 8.3% | Dec 2023 3.7% | Mar 2024 2.4% | Jun 2024 4.4% | Sep 2024 3.5% | Dec 2024 3.9% | Mar 2025 2.4% | Jun 2025 0.1% | Sep 2025 0.9% | Dec 2025 1.5% | Mar 2026 2.5% | Jun 2026 -8.3%
- TNET: Sep 2021 7.7% | Dec 2021 6.6% | Mar 2022 15% | Jun 2022 8.2% | Sep 2022 7.8% | Dec 2022 5.2% | Mar 2023 12% | Jun 2023 6.4% | Sep 2023 8.2% | Dec 2023 12% | Mar 2024 10% | Jun 2024 6.9% | Sep 2024 5.7% | Dec 2024 -1.9% | Mar 2025 11% | Jun 2025 5.5% | Sep 2025 5.1% | Dec 2025 1.3% | Mar 2026 12% | Jun 2026 7.3%
- MAN: Sep 2021 3.4% | Dec 2021 3.8% | Mar 2022 3.3% | Jun 2022 4.1% | Sep 2022 3.9% | Dec 2022 2.4% | Mar 2023 2.8% | Jun 2023 2.5% | Sep 2023 1.7% | Dec 2023 -1.0% | Mar 2024 1.6% | Jun 2024 2.5% | Sep 2024 1.7% | Dec 2024 1.7% | Mar 2025 0.7% | Jun 2025 -0.7% | Sep 2025 1.8% | Dec 2025 2.1% | Mar 2026 0.7% | Jun 2026 3.3%
- NSP: Sep 2021 5.6% | Dec 2021 2.3% | Mar 2022 14% | Jun 2022 7.0% | Sep 2022 7.6% | Dec 2022 7.7% | Mar 2023 17% | Jun 2023 2.3% | Sep 2023 8.8% | Dec 2023 3.4% | Mar 2024 15% | Jun 2024 3.2% | Sep 2024 0.1% | Dec 2024 -2.2% | Mar 2025 9.7% | Jun 2025 -1.0% | Sep 2025 -3.8% | Dec 2025 -7.4% | Mar 2026 9.6% | Jun 2026 0.9%
- BBSI: Sep 2021 3.8% | Dec 2021 2.9% | Mar 2022 -0.3% | Jun 2022 5.6% | Sep 2022 5.5% | Dec 2022 3.8% | Mar 2023 -0.4% | Jun 2023 6.1% | Sep 2023 6.3% | Dec 2023 5.0% | Mar 2024 -1.3% | Jun 2024 5.9% | Sep 2024 6.4% | Dec 2024 5.4% | Mar 2025 -1.2% | Jun 2025 6.7% | Sep 2025 6.6% | Dec 2025 4.9% | Mar 2026 -2.0% | Jun 2026 —
- KFRC: Sep 2021 8.2% | Dec 2021 6.9% | Mar 2022 7.8% | Jun 2022 13% | Sep 2022 10% | Dec 2022 7.9% | Mar 2023 7.7% | Jun 2023 10% | Sep 2023 6.4% | Dec 2023 8.4% | Mar 2024 6.1% | Jun 2024 7.5% | Sep 2024 7.4% | Dec 2024 6.2% | Mar 2025 4.5% | Jun 2025 5.7% | Sep 2025 5.9% | Dec 2025 3.4% | Mar 2026 4.6% | Jun 2026 6.8%
- KELYB: Sep 2021 — | Dec 2021 0.5% | Mar 2022 0.9% | Jun 2022 1.4% | Sep 2022 0.5% | Dec 2022 -1.3% | Mar 2023 0.3% | Jun 2023 0.7% | Sep 2023 0.4% | Dec 2023 0.0% | Mar 2024 1.7% | Jun 2024 0.7% | Sep 2024 0.2% | Dec 2024 -3.4% | Mar 2025 0.6% | Jun 2025 1.3% | Sep 2025 -5.9% | Dec 2025 0.0% | Mar 2026 -0.3% | Jun 2026 —
- TBI: Sep 2021 2.9% | Dec 2021 3.0% | Mar 2022 1.6% | Jun 2022 3.9% | Sep 2022 3.1% | Dec 2022 0.9% | Mar 2023 -0.8% | Jun 2023 -0.9% | Sep 2023 -0.4% | Dec 2023 -1.2% | Mar 2024 -2.2% | Jun 2024 -9.3% | Sep 2024 -1.1% | Dec 2024 -1.7% | Mar 2025 -2.3% | Jun 2025 -0.5% | Sep 2025 0.0% | Dec 2025 -5.8% | Mar 2026 -3.5% | Jun 2026 —
- HQI: Sep 2021 7.6% | Dec 2021 3.5% | Mar 2022 7.7% | Jun 2022 7.6% | Sep 2022 9.0% | Dec 2022 4.3% | Mar 2023 5.4% | Jun 2023 4.1% | Sep 2023 3.4% | Dec 2023 3.6% | Mar 2024 3.1% | Jun 2024 3.9% | Sep 2024 -4.0% | Dec 2024 3.3% | Mar 2025 2.1% | Jun 2025 1.5% | Sep 2025 3.5% | Dec 2025 1.8% | Mar 2026 2.1% | Jun 2026 —

### 20-quarter ROCE change history
- KFY: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 +0.3 pp | Mar 2023 −4.9 pp | Jun 2023 −2.9 pp | Sep 2023 −2.4 pp | Dec 2023 −4.0 pp | Mar 2024 +1.4 pp | Jun 2024 +0.2 pp | Sep 2024 +0.6 pp | Dec 2024 +2.3 pp | Mar 2025 +0.9 pp | Jun 2025 +0.6 pp | Sep 2025 +0.1 pp | Dec 2025 +0.2 pp | Mar 2026 +0.3 pp | Jun 2026 −0.3 pp
- RHI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −0.1 pp | Dec 2022 −2.4 pp | Mar 2023 −8.4 pp | Jun 2023 −12.2 pp | Sep 2023 −6.3 pp | Dec 2023 −6.7 pp | Mar 2024 −5.5 pp | Jun 2024 −2.4 pp | Sep 2024 −4.8 pp | Dec 2024 +0.2 pp | Mar 2025 0.0 pp | Jun 2025 −4.3 pp | Sep 2025 −2.6 pp | Dec 2025 −2.4 pp | Mar 2026 +0.1 pp | Jun 2026 −8.4 pp
- TNET: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +0.1 pp | Dec 2022 −1.4 pp | Mar 2023 −3.1 pp | Jun 2023 −1.8 pp | Sep 2023 +0.4 pp | Dec 2023 +6.6 pp | Mar 2024 −1.6 pp | Jun 2024 +0.5 pp | Sep 2024 −2.5 pp | Dec 2024 −13.7 pp | Mar 2025 +0.6 pp | Jun 2025 −1.4 pp | Sep 2025 −0.6 pp | Dec 2025 +3.2 pp | Mar 2026 +1.1 pp | Jun 2026 +1.8 pp
- MAN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +0.5 pp | Dec 2022 −1.4 pp | Mar 2023 −0.5 pp | Jun 2023 −1.6 pp | Sep 2023 −2.2 pp | Dec 2023 −3.4 pp | Mar 2024 −1.2 pp | Jun 2024 0.0 pp | Sep 2024 0.0 pp | Dec 2024 +2.7 pp | Mar 2025 −0.9 pp | Jun 2025 −3.2 pp | Sep 2025 +0.1 pp | Dec 2025 +0.4 pp | Mar 2026 0.0 pp | Jun 2026 +4.0 pp
- NSP: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +2.0 pp | Dec 2022 +5.4 pp | Mar 2023 +3.1 pp | Jun 2023 −4.7 pp | Sep 2023 +1.2 pp | Dec 2023 −4.3 pp | Mar 2024 −2.6 pp | Jun 2024 +0.9 pp | Sep 2024 −8.7 pp | Dec 2024 −5.6 pp | Mar 2025 −5.1 pp | Jun 2025 −4.2 pp | Sep 2025 −3.9 pp | Dec 2025 −5.2 pp | Mar 2026 −0.1 pp | Jun 2026 +1.9 pp
- BBSI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +1.7 pp | Dec 2022 +0.9 pp | Mar 2023 −0.1 pp | Jun 2023 +0.5 pp | Sep 2023 +0.8 pp | Dec 2023 +1.2 pp | Mar 2024 −0.9 pp | Jun 2024 −0.2 pp | Sep 2024 +0.1 pp | Dec 2024 +0.4 pp | Mar 2025 +0.1 pp | Jun 2025 +0.8 pp | Sep 2025 +0.2 pp | Dec 2025 −0.5 pp | Mar 2026 −0.8 pp | Jun 2026 —
- KFRC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +2.1 pp | Dec 2022 +1.0 pp | Mar 2023 −0.1 pp | Jun 2023 −2.8 pp | Sep 2023 −3.9 pp | Dec 2023 +0.5 pp | Mar 2024 −1.6 pp | Jun 2024 −2.5 pp | Sep 2024 +1.0 pp | Dec 2024 −2.2 pp | Mar 2025 −1.6 pp | Jun 2025 −1.8 pp | Sep 2025 −1.5 pp | Dec 2025 −2.8 pp | Mar 2026 +0.1 pp | Jun 2026 +1.1 pp
- KELYB: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 −1.8 pp | Mar 2023 −0.6 pp | Jun 2023 −0.7 pp | Sep 2023 −0.1 pp | Dec 2023 +1.3 pp | Mar 2024 +1.4 pp | Jun 2024 0.0 pp | Sep 2024 −0.2 pp | Dec 2024 −3.4 pp | Mar 2025 −1.1 pp | Jun 2025 +0.6 pp | Sep 2025 −6.1 pp | Dec 2025 +3.4 pp | Mar 2026 −0.9 pp | Jun 2026 —
- TBI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +0.2 pp | Dec 2022 −2.1 pp | Mar 2023 −2.4 pp | Jun 2023 −4.8 pp | Sep 2023 −3.5 pp | Dec 2023 −2.1 pp | Mar 2024 −1.4 pp | Jun 2024 −8.4 pp | Sep 2024 −0.7 pp | Dec 2024 −0.5 pp | Mar 2025 −0.1 pp | Jun 2025 +8.8 pp | Sep 2025 +1.1 pp | Dec 2025 −4.1 pp | Mar 2026 −1.2 pp | Jun 2026 —
- HQI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +1.4 pp | Dec 2022 +0.8 pp | Mar 2023 −2.3 pp | Jun 2023 −3.5 pp | Sep 2023 −5.6 pp | Dec 2023 −0.7 pp | Mar 2024 −2.3 pp | Jun 2024 −0.2 pp | Sep 2024 −7.4 pp | Dec 2024 −0.3 pp | Mar 2025 −1.0 pp | Jun 2025 −2.4 pp | Sep 2025 +7.5 pp | Dec 2025 −1.5 pp | Mar 2026 0.0 pp | Jun 2026 —

## Valuation Against Growth & Quality

What the numbers say: Korn Ferry has the lowest comparable PEG at 0.95×, 69.6% below Barrett Business Services, Inc.. Only 3 of 11 companies have earnings and growth steady enough for the ratio to mean anything, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/e signal.

Evidence: Korn Ferry · 0.95× | 69.6% versus #2 · Barrett Business Services, Inc. | 0/8 recent comparable periods | 3/11 companies · 23 observations

Definition: PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. On Indian companies it is shown only where the two data feeds agreed. Where any of that fails the ratio is left out rather than printed: a P/E divided by a loss, or by growth measured off a tiny base, is a number that looks precise and means nothing.

### PEG — lowest PEG
1. Korn Ferry (KFY): 1.0
2. Barrett Business Services, Inc. (BBSI): 3.1
3. HireQuest, Inc. (HQI): 6.2

### P/E — lowest P/E
1. Korn Ferry (KFY): 12.7
2. TriNet Group, Inc. (TNET): 13.2
3. ManpowerGroup Inc. (MAN): 15.3
4. Kelly Services, Inc. (KELYB): 18.3
5. Barrett Business Services, Inc. (BBSI): 18.9

### 20-quarter PEG history
- KFY: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 0.3 | Sep 2025 0.4 | Dec 2025 2.5 | Mar 2026 1.6 | Jun 2026 1.0
- TNET: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 1.1 | Mar 2024 2.1 | Jun 2024 2.5 | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 —
- NSP: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 0.4 | Jun 2023 0.8 | Sep 2023 0.8 | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 —
- BBSI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 0.7 | Jun 2023 1.0 | Sep 2023 1.5 | Dec 2023 1.2 | Mar 2024 — | Jun 2024 2.0 | Sep 2024 2.2 | Dec 2024 3.4 | Mar 2025 — | Jun 2025 1.8 | Sep 2025 2.1 | Dec 2025 3.1 | Mar 2026 — | Jun 2026 —
- KFRC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 2.4 | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 —
- HQI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 6.2 | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 —

### 20-quarter P/E history
- KFY: Sep 2021 — | Dec 2021 15.8 | Mar 2022 12.1 | Jun 2022 10.3 | Sep 2022 10.8 | Dec 2022 9.2 | Mar 2023 11.4 | Jun 2023 12.2 | Sep 2023 15.5 | Dec 2023 23.1 | Mar 2024 20.3 | Jun 2024 18.8 | Sep 2024 21.1 | Dec 2024 15.1 | Mar 2025 15.2 | Jun 2025 13.4 | Sep 2025 15.1 | Dec 2025 13.1 | Mar 2026 13.7 | Jun 2026 12.7
- RHI: Sep 2021 21.4 | Dec 2021 20.8 | Mar 2022 19.4 | Jun 2022 12.2 | Sep 2022 12.4 | Dec 2022 12.2 | Mar 2023 14.3 | Jun 2023 14.9 | Sep 2023 16.6 | Dec 2023 22.7 | Mar 2024 23.7 | Jun 2024 21.3 | Sep 2024 24.6 | Dec 2024 28.9 | Mar 2025 27.3 | Jun 2025 23.5 | Sep 2025 22.1 | Dec 2025 20.4 | Mar 2026 19.5 | Jun 2026 26.7
- TNET: Sep 2021 21.7 | Dec 2021 18.8 | Mar 2022 17.1 | Jun 2022 13.5 | Sep 2022 12.3 | Dec 2022 12.1 | Mar 2023 14.6 | Jun 2023 17.1 | Sep 2023 19.5 | Dec 2023 18.1 | Mar 2024 21.7 | Jun 2024 16.9 | Sep 2024 18.7 | Dec 2024 26.5 | Mar 2025 23.7 | Jun 2025 25.1 | Sep 2025 24.6 | Dec 2025 18.5 | Mar 2026 10.8 | Jun 2026 13.2
- MAN: Sep 2021 17.4 | Dec 2021 14.1 | Mar 2022 12.5 | Jun 2022 9.9 | Sep 2022 8.0 | Dec 2022 11.8 | Mar 2023 12.0 | Jun 2023 13.5 | Sep 2023 16.9 | Dec 2023 45.2 | Mar 2024 80.0 | Jun 2024 75.9 | Sep 2024 91.9 | Dec 2024 19.2 | Mar 2025 25.1 | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 15.3
- NSP: Sep 2021 36.3 | Dec 2021 37.1 | Mar 2022 29.5 | Jun 2022 27.6 | Sep 2022 26.2 | Dec 2022 24.5 | Mar 2023 23.0 | Jun 2023 25.0 | Sep 2023 19.8 | Dec 2023 26.2 | Mar 2024 26.8 | Jun 2024 21.5 | Sep 2024 27.9 | Dec 2024 32.0 | Mar 2025 53.1 | Jun 2025 56.7 | Sep 2025 107.0 | Dec 2025 — | Mar 2026 — | Jun 2026 —
- BBSI: Sep 2021 16.8 | Dec 2021 13.8 | Mar 2022 13.7 | Jun 2022 12.4 | Sep 2022 12.2 | Dec 2022 14.2 | Mar 2023 13.3 | Jun 2023 13.0 | Sep 2023 13.0 | Dec 2023 15.7 | Mar 2024 17.4 | Jun 2024 18.0 | Sep 2024 19.9 | Dec 2024 21.9 | Mar 2025 21.1 | Jun 2025 20.5 | Sep 2025 21.3 | Dec 2025 17.4 | Mar 2026 19.0 | Jun 2026 —
- KFRC: Sep 2021 17.3 | Dec 2021 21.3 | Mar 2022 19.1 | Jun 2022 14.7 | Sep 2022 13.6 | Dec 2022 14.9 | Mar 2023 17.8 | Jun 2023 19.5 | Sep 2023 22.4 | Dec 2023 21.6 | Mar 2024 24.4 | Jun 2024 23.1 | Sep 2024 21.2 | Dec 2024 21.2 | Mar 2025 19.2 | Jun 2025 17.2 | Sep 2025 13.2 | Dec 2025 15.8 | Mar 2026 14.8 | Jun 2026 22.1
- KELYB: Sep 2021 — | Dec 2021 7.3 | Mar 2022 4.4 | Jun 2022 10.8 | Sep 2022 12.7 | Dec 2022 68.3 | Mar 2023 — | Jun 2023 — | Sep 2023 422.8 | Dec 2023 28.2 | Mar 2024 18.0 | Jun 2024 16.5 | Sep 2024 18.3 | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 —
- TBI: Sep 2021 20.1 | Dec 2021 15.9 | Mar 2022 15.1 | Jun 2022 7.9 | Sep 2022 8.5 | Dec 2022 10.5 | Mar 2023 11.3 | Jun 2023 34.0 | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 —
- HQI: Sep 2021 23.9 | Dec 2021 23.2 | Mar 2022 30.4 | Jun 2022 17.8 | Sep 2022 15.0 | Dec 2022 17.4 | Mar 2023 20.7 | Jun 2023 31.4 | Sep 2023 24.9 | Dec 2023 34.1 | Mar 2024 34.1 | Jun 2024 32.5 | Sep 2024 128.7 | Dec 2024 54.5 | Mar 2025 47.6 | Jun 2025 55.6 | Sep 2025 19.2 | Dec 2025 23.4 | Mar 2026 21.7 | Jun 2026 —


## What can make this comparison misleading?
- A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
- A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment.
- The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
- An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.

## Every company
- Korn Ferry (KFY) — market value ₹4.2K Cr; latest fundamentals Jun 2026
- Robert Half Inc. (RHI) — market value ₹4.1K Cr; latest fundamentals Jun 2026
- TriNet Group, Inc. (TNET) — market value ₹3.2K Cr; latest fundamentals Jun 2026
- ManpowerGroup Inc. (MAN) — market value ₹2.5K Cr; latest fundamentals Jun 2026
- Insperity, Inc. (NSP) — market value ₹2.0K Cr; latest fundamentals Jun 2026
- Barrett Business Services, Inc. (BBSI) — market value ₹984 Cr; latest fundamentals Mar 2026
- Kforce Inc. (KFRC) — market value ₹974 Cr; latest fundamentals Jun 2026
- Kelly Services, Inc. (KELYB) — market value ₹551 Cr; latest fundamentals Mar 2026
- TrueBlue, Inc. (TBI) — market value ₹234 Cr; latest fundamentals Mar 2026
- HireQuest, Inc. (HQI) — market value ₹184 Cr; latest fundamentals Mar 2026
- CALM Chain International Limited (CCIL) — market value ₹138 Cr; latest fundamentals unavailable

## Methodology and freshness

Fundamentals through Jun 2026; prices through 2026-08-04.
Up to 20 quarters per company. Reported history is normalized to Indian rupees crore. Missing values are not interpolated. Derived metrics are calculated only when their inputs are comparable.

## Frequently asked questions

### Is the Staffing & Employment Services sector outperforming S&P 500?

Staffing & Employment Services has outperformed S&P 500 by 15.3% over 52 weeks and 39.2% over 13 weeks. 8 of 9 covered companies beat the S&P 500 on Mansfield relative strength, while 2 of 9 beat the sector itself.

### Which Staffing & Employment Services company is largest by revenue?

Kelly Services, Inc. leads with revenue of $4,127 million, based on 5 of 11 comparable companies through Mar 2026.

### Which Staffing & Employment Services company is growing fastest?

TrueBlue, Inc. has the fastest current revenue growth at 7.2%, across 5 of 11 comparable companies.

### Which Staffing & Employment Services company has the strongest 4-Factor Sector Score?

Kforce Inc. ranks first at 61/100 with 51.8% evidence confidence. The score prioritizes research; it is not a buy recommendation.

### Which Staffing & Employment Services company has the lowest comparable PEG?

Korn Ferry has the lowest comparable PEG at 0.95, among 3 of 11 companies whose earnings and growth are steady enough for the ratio to mean anything.

### How much history does this Staffing & Employment Services comparison include?

The page compares up to 20 reported quarters per company for fundamentals, returns and valuation, ending Jun 2026. Missing observations remain blank rather than being estimated.

### How is the 4-Factor Sector Score calculated?

The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.

### Which Staffing & Employment Services company is the biggest?

Kelly Services, Inc. is the largest, with trailing-twelve-month revenue of $4,127 million, ahead of Korn Ferry at $2,939 million. That covers 5 of 11 companies with comparable reporting through Mar 2026.

### Which Staffing & Employment Services company has the best profit margins?

HireQuest, Inc. has the highest operating margin at 22.6%, from 10 of 11 comparable companies. HireQuest, Inc. shows the biggest recent improvement, at +2.8 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.

### Which Staffing & Employment Services company makes the most profit?

Korn Ferry earns the most, at $280 million of trailing-twelve-month net profit, from 5 of 11 comparable companies. HireQuest, Inc. has the fastest profit growth at 100%, though growth off a small or recovering profit base overstates how much has actually changed.

### Which Staffing & Employment Services company earns the highest return on capital?

CALM Chain International Limited leads on return on capital employed at 112.4%, across 11 of 11 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.

### Which Staffing & Employment Services stock is the cheapest?

On PEG — where a LOWER number is cheaper — Korn Ferry screens cheapest at 0.95×. Only 3 of 11 companies have earnings and growth steady enough for the ratio to mean anything, so this is not a sector-wide "cheapest stock" verdict. Cheap on a multiple is a reason to investigate, never a reason to buy on its own.

### Is the Staffing & Employment Services sector beating the market?

Staffing & Employment Services has outperformed S&P 500 by 15.3% over the last 52 weeks and 39.2% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 8 of 9 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.

### Which Staffing & Employment Services stock has the strongest price momentum?

Kforce Inc. has the strongest relative strength against S&P 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.

### Which Staffing & Employment Services company scores highest for research priority?

Kforce Inc. scores 61 out of 100 with 51.8% evidence confidence, from 20.3 points on growth and earnings, 14.2 on capital efficiency, 9.5 on valuation and 17 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.

### How many Staffing & Employment Services companies does this comparison cover, and over what period?

It compares 11 listed companies over up to 20 reported quarters of fundamentals, ending Jun 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.

### What is the total market cap of the Staffing & Employment Services sector?

The 11 Staffing & Employment Services companies on this page carry $19,170 million of combined market value. Korn Ferry is the largest at $4,231 million, about 22% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-08-04.

### What is the Staffing & Employment Services sector's P/E ratio?

The median price-to-earnings ratio across the 11 Staffing & Employment Services companies on this page is 21.7×, measured on the 10 that report a comparable figure. A sector-level history for this multiple is not held here, so this is a cross-section of today, not a comparison with the sector’s own past. Figures are as of 2026-08-04.

### How is the Staffing & Employment Services sector performing?

8 of the 9 covered Staffing & Employment Services companies are beating S&P 500 on Mansfield relative strength. The sector itself is 15.3% ahead of S&P 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-08-04.

### How many Staffing & Employment Services stocks are listed in the US?

This comparison covers 11 listed Staffing & Employment Services companies in the US, each above the size floor the site applies. The full ranked list is on this page, with reported fundamentals through Jun 2026. Membership is the full industry list — nothing is dropped for having thin data.

### Why are some values on this page blank?

A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.

### Is this investment advice?

No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.