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TrueBlue, Inc. (TBI) Stock Fundamental Analysis & AI Rating 2026

TBI NYSE Services-Help Supply Services WA CIK: 0000768899
Updated This Month • Analysis: May 6, 2026 • SEC Data: 2026-03-29
Combined AI Rating
SELL
78% Confidence
N/A
SELL
78% Conf
Pending
Analysis scheduled

📊 TBI Key Takeaways

Revenue: $398.6M
Net Margin: -5.0%
Free Cash Flow: $-12.6M
Current Ratio: 2.09x
Debt/Equity: 0.29x
EPS: $-0.66
AI Rating: SELL with 78% confidence
TrueBlue, Inc. (TBI) receives a SELL rating with 78% confidence from our AI fundamental analysis based on SEC 10-K filings. With revenue of $398.6M, net profit margin of -5.0%, and return on equity (ROE) of -7.7%, TrueBlue, Inc. demonstrates mixed fundamentals in the Services sector. Below is our complete TBI stock analysis for 2026.

Is TrueBlue, Inc. (TBI) a Good Investment?

Claude

TrueBlue is operationally unprofitable with negative free cash flow of -$12.6M, creating an unsustainable financial position despite modest 3.1% revenue growth. While EPS has improved 61.4% year-over-year, the company remains deeply unprofitable with negative operating margins (-4.5%) and is burning cash operationally, indicating fundamental business challenges that must be resolved for long-term viability.

Why Buy TrueBlue, Inc. Stock? TBI Key Strengths

Claude
  • + Modest revenue growth of 3.1% YoY demonstrates maintained market demand
  • + Strong liquidity position with current ratio of 2.09x enables near-term obligation coverage
  • + Moderate leverage with debt-to-equity of 0.29x provides balance sheet stability

TBI Stock Risks: TrueBlue, Inc. Investment Risks

Claude
  • ! Unprofitable operations with negative operating margin (-4.5%) and net margin (-5.0%)
  • ! Negative free cash flow of -$12.6M indicates business is burning cash despite positive revenue
  • ! Negative return on equity (-7.7%) and return on assets (-3.2%) showing value destruction
  • ! Low cash position ($24.1M) relative to total liabilities ($364.6M) limits financial flexibility
  • ! Negative interest coverage ratio (-5.7x) indicates inability to service debt from operating income

Key Metrics to Watch

Claude
  • * Operating cash flow trajectory - critical to assess if operations can sustain business model
  • * Gross margin improvement trend - indicates if operational efficiency gains are being achieved
  • * Path to profitability and operating leverage - management's timeline and strategy for return to positive net income

TrueBlue, Inc. (TBI) Financial Metrics & Key Ratios

Revenue
$398.6M
Net Income
$-19.8M
EPS (Diluted)
$-0.66
Free Cash Flow
$-12.6M
Total Assets
$620.7M
Cash Position
$24.1M

💡 AI Analyst Insight

Strong liquidity with a 2.09x current ratio provides a solid financial cushion.

TBI Profit Margin, ROE & Profitability Analysis

Gross Margin 19.8%
Operating Margin -4.5%
Net Margin -5.0%
ROE -7.7%
ROA -3.2%
FCF Margin -3.2%

TBI vs Services Sector: How TrueBlue, Inc. Compares

How TrueBlue, Inc. compares to Services sector averages

Net Margin
TBI -5.0%
vs
Sector Avg 10.0%
TBI Sector
ROE
TBI -7.7%
vs
Sector Avg 16.0%
TBI Sector
Current Ratio
TBI 2.1x
vs
Sector Avg 1.5x
TBI Sector
Debt/Equity
TBI 0.3x
vs
Sector Avg 0.7x
TBI Sector

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.

Return on Equity
-7.7%
Sector avg: 16%
Net Profit Margin
-5.0%
Sector avg: 10%
Revenue Growth
N/A
Year-over-year
Debt/Equity
0.29x
Sector avg: 0.7x

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

Current Ratio
2.09x
Quick Ratio
2.09x
Debt/Equity
0.29x
Debt/Assets
58.7%
Interest Coverage
-5.75x
Long-term Debt
$73.9M

TBI Revenue & Earnings Growth: 5-Year Financial Trend

TBI 5-year financial data: Year 2021: Revenue $2.4B, Net Income $63.1M, EPS $1.61. Year 2022: Revenue $2.3B, Net Income -$141.8M, EPS $-4.01. Year 2023: Revenue $2.3B, Net Income $61.6M, EPS $1.74. Year 2024: Revenue $2.3B, Net Income $62.3M, EPS $1.86. Year 2025: Revenue $1.9B, Net Income -$14.2M, EPS $-0.45.
Revenue
Net Income
EPS (right axis)

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

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
-3.2%
Free cash flow / Revenue

TBI Quarterly Earnings & Performance

Quarterly financial performance data for TrueBlue, Inc. including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q1 2026 $370.3M -$14.3M $-0.48
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

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

TrueBlue, Inc. Dividends, Buybacks & Capital Allocation

Operating Cash Flow
-$9.8M
Cash generated from operations
Capital Expenditures
$2.8M
Investment in assets
Dividends
None
No dividend program

TBI SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for TrueBlue, Inc. (CIK: 0000768899)

📋 Recent SEC Filings

Date Form Document Action
May 15, 2026 8-K tbi-20260511.htm View →
May 6, 2026 8-K tbi-8k_050626.htm View →
May 5, 2026 10-Q tbi-20260329.htm View →
May 5, 2026 8-K tbi-20260505.htm View →
Apr 14, 2026 DEF 14A tbi-def14a_051126.htm View →

Frequently Asked Questions about TBI

What is the AI rating for TBI?

TrueBlue, Inc. (TBI) has an AI rating of SELL with 78% confidence, based on fundamental analysis of SEC EDGAR filings.

What are TBI's key strengths?

Claude: Modest revenue growth of 3.1% YoY demonstrates maintained market demand. Strong liquidity position with current ratio of 2.09x enables near-term obligation coverage.

What are the risks of investing in TBI?

Claude: Unprofitable operations with negative operating margin (-4.5%) and net margin (-5.0%). Negative free cash flow of -$12.6M indicates business is burning cash despite positive revenue.

What is TBI's revenue and growth?

TrueBlue, Inc. reported revenue of $398.6M.

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 $-0.66.

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 May 2026, TrueBlue, Inc. has a SELL rating with 78% 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 -7.7% (sector avg: 16%), net margin of -5.0% (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 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 $-9.8M, with capital expenditures of $2.8M. FCF margin is -3.2%.

How does TBI compare to other Services stocks?

Vs Services sector averages: Net margin -5.0% (avg: 10%), ROE -7.7% (avg: 16%), current ratio 2.09 (avg: 1.5).

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: May 6, 2026 | Data as of: 2026-03-29 | Powered by Claude AI