Barrett Business Services, Inc. provides business management solutions for small and mid-sized companies in the United States. It develops a management platform that integrates a knowledge-based approach from the management consulting industry with tools from the human resource outsourcing industry. The company also offers professional employer services under which it enters into a client services agreement to establish a co-employment relationship with each client company, assuming responsibility for payroll, payroll taxes, workers compensation coverage, and other administration functions for the client's existing workforce. In addition, it provides staffing and recruiting services, such as on-demand or short-term staffing assignment, contract staffing, direct placement, and long-term or indefinite-term on-site management services. The company serves customers in various industries, including construction, waste management and remediation services, manufacturing, transportation and warehousing, health care, leisure and hospitality, retail, professional and advisory services, and wholesale trade industries. Barrett Business Services, Inc. was incorporated in 1965 and is headquartered in Vancouver, Washington.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $1.2B | $80M | $54M | $47M | 22.6% | 8.4% | 2.7% |
| 2024 | $1.1B | $79M | $53M | $-4M | 23.9% | 7.0% | 4.7% |
| 2023 | $1.1B | $76M | $51M | $55M | 25.4% | 1.4% | 7.1% |
| 2022 | $1.1B | $72M | $47M | $12M | 26.6% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 1,054.33 | 1,069.31 | 1,144.53 | 1,240.30 |
| Operating Revenue | - | 1,054.33 | 1,069.31 | 1,144.53 | 1,240.30 |
| Cost Of Revenue | - | 819.48 | 826.78 | 891.28 | 979.38 |
| Gross Profit | - | 234.84 | 242.53 | 253.25 | 260.91 |
| Operating Expense | - | 175.87 | 181.88 | 193.47 | 198.75 |
| Selling General And Administration | - | 169.64 | 174.77 | 185.87 | 190.49 |
| Total Expenses | - | 995.35 | 1,008.66 | 1,084.75 | 1,178.14 |
| Operating Income | - | 58.98 | 60.65 | 59.78 | 62.16 |
| Total Operating Income As Reported | - | 58.98 | 60.65 | 59.78 | 62.16 |
| EBITDA | - | 71.67 | 76.26 | 78.60 | 79.83 |
| Normalized EBITDA | - | 65.20 | 67.62 | 67.47 | 70.57 |
| EBIT | - | 65.44 | 69.15 | 71 | 71.57 |
| Interest Expense | - | 0.14 | 0.17 | 0.18 | 0.17 |
| Net Interest Income | - | -0.14 | -0.17 | -0.18 | -0.17 |
| Other Non Operating Income Expenses | - | -0.01 | -0.14 | 0.09 | 0.15 |
| Other Income Expense | - | 6.47 | 8.50 | 11.22 | 9.41 |
| Interest Expense Non Operating | - | 0.14 | 0.17 | 0.18 | 0.17 |
| Net Non Operating Interest Income Expense | - | -0.14 | -0.17 | -0.18 | -0.17 |
| Pretax Income | - | 65.30 | 68.99 | 70.82 | 71.40 |
| Tax Provision | - | 18.04 | 18.38 | 17.83 | 16.95 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 1.79 | 2.30 | 2.80 | 2.19 |
| Net Income Continuous Operations | - | 47.27 | 50.61 | 52.99 | 54.45 |
| Net Income From Continuing And Discontinued Operation | - | 47.27 | 50.61 | 52.99 | 54.45 |
| Net Income From Continuing Operation Net Minority Interest | - | 47.27 | 50.61 | 52.99 | 54.45 |
| Net Income | - | 47.27 | 50.61 | 52.99 | 54.45 |
| Net Income Common Stockholders | - | 47.27 | 50.61 | 52.99 | 54.45 |
| Net Income Including Noncontrolling Interests | - | 47.27 | 50.61 | 52.99 | 54.45 |
| Normalized Income | - | 42.58 | 44.27 | 44.67 | 47.38 |
| Diluted NI Availto Com Stockholders | - | 47.27 | 50.61 | 52.99 | 54.45 |
| Basic Average Shares | - | 28.52 | 26.92 | 26.08 | 25.61 |
| Diluted Average Shares | - | 28.90 | 27.40 | 26.71 | 26.14 |
| Reconciled Depreciation | - | 6.23 | 7.11 | 7.60 | 8.26 |
| Reconciled Cost Of Revenue | - | 819.48 | 826.78 | 891.28 | 979.38 |
| Total Unusual Items | - | 6.48 | 8.64 | 11.13 | 9.26 |
| Total Unusual Items Excluding Goodwill | - | 6.48 | 8.64 | 11.13 | 9.26 |
| Gain On Sale Of Security | - | 6.48 | 8.64 | 11.13 | 9.26 |
| Depreciation Amortization Depletion Income Statement | - | 6.23 | 7.11 | 7.60 | 8.26 |
| Depreciation And Amortization In Income Statement | - | 6.23 | 7.11 | 7.60 | 8.26 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Barrett Business Services, Inc.this co. | BBSI | $798M | 14.66 | 3.31 | 22.6% | 8.34 |
| Mayville Engineering Company, Inc. | MEC | $833M | -102.73 | 3.46 | -3.4% | 28.48 |
| Quanex Building Products Corporation | NX | $818M | -3.26 | 1.13 | -34.5% | -19.15 |
| Cryoport, Inc. | CYRX | $815M | 10.40 | 1.77 | 17.0% | -378.98 |
| Compass Diversified | CODI |
| - |
| - |
| - |
| - |
| - |
| - |
| $803M |
| -3.55 |
| -22.42 |
| 632.3% |
| 164.90 |
| Montrose Environmental Group, Inc. | MEG | $801M | -949.94 | 1.77 | -0.2% | 14.06 |
| Apogee Enterprises, Inc. | APOG | $798M | 14.74 | 1.56 | 10.6% | 7.39 |
| Matthews International Corporation | MATW | $796M | -32.53 | 1.66 | -5.1% | 10.13 |
| Spire Global, Inc. | SPIR | $776M | 15.12 | 6.87 | 45.4% | 9.09 |
| Peer Median | - | -3.40 | 1.71 | 5.2% | 9.61 | |