📊 TBI Key Takeaways
Is TrueBlue, Inc. (TBI) a Good Investment?
TrueBlue is burning cash despite revenue growth, with operating cash flow of -$58M and free cash flow of -$73.7M indicating a fundamentally broken business model. Negative profitability across all metrics (operating margin -2.9%, net margin -3.0%, ROE -17.5%) coupled with a $24.5M cash position and negative interest coverage (-15.0x) creates unsustainable economics with approximately 4 months of runway at current burn rates. The modest 3.1% revenue growth cannot offset operational deterioration and requires immediate restructuring or capital injection to avoid insolvency.
Why Buy TrueBlue, Inc. Stock? TBI Key Strengths
- Revenue growing 3.1% year-over-year despite operational challenges
- Gross margin of 22.8% demonstrates reasonable sector-level unit economics
- Conservative debt-to-equity ratio of 0.24x limits leverage risk and near-term refinancing pressure
TBI Stock Risks: TrueBlue, Inc. Investment Risks
- Negative operating cash flow of -$58M indicates core business is destroying cash, not generating it
- Negative free cash flow of -$73.7M with only $24.5M in cash reserves creates critical liquidity runway of ~4 months at current burn rate
- Negative returns on equity (-17.5%) and assets (-7.5%) demonstrate severe value destruction and operational inefficiency
- Negative interest coverage ratio (-15.0x) means operating income cannot service debt obligations
Key Metrics to Watch
- Operating cash flow trend - must return to positive to avoid insolvency
- Cash balance depletion rate - any further deterioration shortens runway to critical levels
- Working capital components - identify whether negative OCF stems from receivables/inventory buildup or operational losses
- Cost structure and gross margin sustainability - assess if business model is fundamentally unprofitable or operationally mismanaged
TrueBlue, Inc. (TBI) Financial Metrics & Key Ratios
💡 AI Analyst Insight
Strong liquidity with a 2.15x current ratio provides a solid financial cushion.
TBI Profit Margin, ROE & Profitability Analysis
TBI vs Services Sector: How TrueBlue, Inc. Compares
How TrueBlue, Inc. compares to Services sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is TrueBlue, Inc. Stock Overvalued? TBI Valuation Analysis 2026
Based on fundamental analysis, TrueBlue, Inc. has mixed fundamental signals relative to the Services sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
TrueBlue, Inc. Balance Sheet: TBI Debt, Cash & Liquidity
TBI Revenue & Earnings Growth: 5-Year Financial Trend
5-Year Trend Summary: TrueBlue, Inc.'s revenue has declined by 20% over the 5-year period, indicating business contraction. The most recent EPS of $-0.45 indicates the company is currently unprofitable.
TBI Revenue Growth, EPS Growth & YoY Performance
TBI Quarterly Earnings & Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q3 2025 | $382.4M | -$1.9M | $-0.06 |
| Q2 2025 | $396.2M | -$160.0K | $-0.01 |
| Q1 2025 | $370.3M | -$1.7M | $-0.05 |
| Q3 2024 | $382.4M | -$10.0K | $0.00 |
| Q2 2024 | $396.2M | -$7.3M | $-0.24 |
| Q1 2024 | $402.9M | -$1.7M | $-0.05 |
| Q3 2023 | $473.2M | -$10.0K | $0.00 |
| Q2 2023 | $475.6M | -$7.3M | $-0.24 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
TrueBlue, Inc. Dividends, Buybacks & Capital Allocation
TBI SEC Filings: Latest 10-K & 10-Q Analysis
Access official SEC EDGAR filings for TrueBlue, Inc. (CIK: 0000768899)
📋 Recent SEC Filings
❓ Frequently Asked Questions about TBI
What is the AI rating for TBI?
TrueBlue, Inc. (TBI) has an AI rating of STRONG SELL with 88% confidence, based on fundamental analysis of SEC EDGAR filings.
What are TBI's key strengths?
Claude: Revenue growing 3.1% year-over-year despite operational challenges. Gross margin of 22.8% demonstrates reasonable sector-level unit economics.
What are the risks of investing in TBI?
Claude: Negative operating cash flow of -$58M indicates core business is destroying cash, not generating it. Negative free cash flow of -$73.7M with only $24.5M in cash reserves creates critical liquidity runway of ~4 months at current burn rate.
What is TBI's revenue and growth?
TrueBlue, Inc. reported revenue of $1.6B.
Does TBI pay dividends?
TrueBlue, Inc. does not currently pay dividends.
Where can I find TBI SEC filings?
Official SEC filings for TrueBlue, Inc. (CIK: 0000768899) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is TBI's EPS?
TrueBlue, Inc. has a diluted EPS of $-1.61.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.
Is TBI a good stock to buy right now?
Based on our AI fundamental analysis in April 2026, TrueBlue, Inc. has a STRONG SELL rating with 88% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.
Is TBI stock overvalued or undervalued?
Valuation metrics for TBI: ROE of -17.5% (sector avg: 16%), net margin of -3.0% (sector avg: 10%). Compare these metrics with sector averages to assess valuation.
Should I buy TBI stock in 2026?
Our dual AI analysis gives TrueBlue, Inc. a combined STRONG SELL rating for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.
What is TBI's free cash flow?
TrueBlue, Inc.'s operating cash flow is $-58.0M, with capital expenditures of $15.7M. FCF margin is -4.6%.
How does TBI compare to other Services stocks?
Vs Services sector averages: Net margin -3.0% (avg: 10%), ROE -17.5% (avg: 16%), current ratio 2.15 (avg: 1.5).