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HireQuest, Inc. provides staffing solutions in the United States. The company offers direct-dispatch, executive search, commercial staffing, unskilled and semi-skilled industrial, construction personnel, skilled and semi-skilled industrial personnel, clerical and administrative personnel, permanent placement, commercial and non-CDL drivers, skilled personnel, and executive placement and consultant services. It offers its services under the HireQuest Direct, HireQuest, Snelling, DriverQuest, HireQuest Health, Northbound Executive Search, and MRI trade names. The company serves construction, recycling, warehousing, logistics, auctioneering, manufacturing, hospitality, landscaping, and retail industries, as well as dental practices. HireQuest, Inc. was founded in 2002 and is headquartered in Goose Creek, South Carolina.
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 | $31M | $10M | $6M | $12M | 9.3% | -11.4% | 72.4% |
| 2024 | $35M | $8M | $4M | $12M | 5.7% | -8.7% | -40.1% |
| 2023 | $38M | $12M | $6M | $10M | 9.8% | 22.4% | -50.8% |
| 2022 | $31M | $16M | $12M | $15M | 21.4% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 30.95 | 37.88 | 34.60 | 30.64 |
| Cost Of Revenue | 0 | 0 | 0 | 0 |
| Gross Profit | 0 | 0 | 0 | 0 |
| Operating Expense | 14.91 | 27.24 | 24.20 | 23.68 |
| Operating Income | 16.04 | 10.64 | 10.40 | 6.96 |
| EBITDA | 16.28 | 11.96 | 7.86 | 10.02 |
| EBIT | 14.24 | 9.17 | 5.07 | 7.02 |
| Pretax Income | 13.87 | 7.78 | 4.15 | 6.71 |
| Tax Provision | 1.90 | 1.34 | 0.22 | 0.10 |
| Net Income | 12.46 | 6.13 | 3.67 | 6.33 |
| Net Income Common Stockholders | 12.46 | 6.13 | 3.67 | 6.33 |
| Total Expenses | 14.91 | 27.24 | 24.20 | 23.68 |
| Interest Expense | 0.37 | 1.39 | 0.92 | 0.31 |
| Interest Income | 0.25 | 0.26 | 0.56 | 0.51 |
| Selling General And Administration | 12.87 | 24.45 | 21.41 | 20.68 |
| Normalized EBITDA | 16.28 | 11.96 | 13.89 | 10.70 |
| Normalized Income | 11.97 | 6.43 | 9.64 | 7.27 |
| Basic EPS | 0.91 | 0.45 | 0.27 | 0 |
| Diluted EPS | 0.91 | 0.45 | 0.26 | 0 |
| Tax Effect Of Unusual Items | 0 | 0 | -0.32 | -0.01 |
| Tax Rate For Calcs | 0.14 | 0.17 | 0.05 | 0.01 |
| Total Unusual Items | 0 | 0 | -6.04 | -0.67 |
| Total Unusual Items Excluding Goodwill | 0 | 0 | -6.04 | -0.67 |
| Net Income From Continuing Operation Net Minority Interest | 11.97 | 6.43 | 3.92 | 6.61 |
| Reconciled Depreciation | 2.04 | 2.79 | 2.79 | 3.01 |
| Reconciled Cost Of Revenue | 0 | 0 | 0 | 0 |
| Net Interest Income | -0.12 | -1.12 | -0.37 | 0.20 |
| Net Income From Continuing And Discontinued Operation | 12.46 | 6.13 | 3.67 | 6.33 |
| Total Operating Income As Reported | 16.04 | 10.64 | 4.37 | 6.28 |
| Diluted Average Shares | 13.72 | 13.80 | 13.92 | 0 |
| Basic Average Shares | 13.65 | 13.73 | 13.84 | 0 |
| Diluted NI Availto Com Stockholders | 12.46 | 6.13 | 3.67 | 6.33 |
| Net Income Including Noncontrolling Interests | 12.46 | 6.13 | 3.67 | 6.33 |
| Net Income Discontinuous Operations | 0.48 | -0.30 | -0.25 | -0.28 |
| Net Income Continuous Operations | 11.97 | 6.43 | 3.92 | 6.61 |
| Other Income Expense | -2.05 | -1.74 | -5.89 | -0.45 |
| Other Non Operating Income Expenses | -2.05 | -1.74 | 0.14 | 0.22 |
| Special Income Charges | 0 | 0 | -6.04 | -0.67 |
| Impairment Of Capital Assets | 0 | 0 | 6.04 | 0.67 |
| Net Non Operating Interest Income Expense | -0.12 | -1.12 | -0.37 | 0.20 |
| Interest Expense Non Operating | 0.37 | 1.39 | 0.92 | 0.31 |
| Interest Income Non Operating | 0.25 | 0.26 | 0.56 | 0.51 |
| Depreciation Amortization Depletion Income Statement | 2.04 | 2.79 | 2.79 | 3.01 |
| Depreciation And Amortization In Income Statement | 2.04 | 2.79 | 2.79 | 3.01 |
| Operating Revenue | 30.95 | 37.88 | 34.60 | 30.64 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| HireQuest, Inc.this co. | HQI | $164M | 24.88 | 2.40 | 9.3% | 16.04 |
| Proficient Auto Logistics, Inc. | PAL | $199M | - | 0.64 | -11.6% | 8.63 |
| NET Power Inc. | NPWR | $161M | - | 0.75 | -108.1% | -0.57 |
| TrueBlue, Inc. | TBI | $149M | - | 0.54 | -17.5% | -31.74 |
| Resources Connection, Inc. | RGP | $140M | - | 0.75 |
| -92.6% |
| 11.99 |
| Atlantic International Corp. | ATLN | $140M | - | -3.06 | 185.2% | -5.02 |
| Mammoth Energy Services, Inc. | TUSK | $138M | - | 0.54 | 1.8% | -1.24 |
| SKYX Platforms Corp. | SKYX | $135M | - | -9.02 | -8118.2% | -6.62 |
| The Eastern Company | EML | $134M | 22.70 | 1.08 | 5.7% | 9.14 |
| Peer Median | - | 22.70 | 0.59 | -14.5% | -0.91 | |