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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% | - | - |
| 2021 | - | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 30.95 | 37.88 | 34.60 | 30.64 |
| Operating Revenue | - | 30.95 | 37.88 | 34.60 | 30.64 |
| Cost Of Revenue | 0.17 | - | - | - | - |
| Gross Profit | 22.59 | - | - | - | - |
| Operating Expense | - | 14.91 | 27.24 | 24.20 | 23.68 |
| Selling General And Administration | - | 12.87 | 24.45 | 21.41 | 20.68 |
| Total Expenses | - | 14.91 | 27.24 | 24.20 | 23.68 |
| Operating Income | - | 16.04 | 10.64 | 10.40 | 6.96 |
| Total Operating Income As Reported | - | 16.04 | 10.64 | 4.37 | 6.28 |
| EBITDA | - | 16.28 | 11.96 | 7.86 | 10.02 |
| Normalized EBITDA | - | 16.28 | 11.96 | 13.89 | 10.70 |
| EBIT | - | 14.24 | 9.17 | 5.07 | 7.02 |
| Interest Income | - | 0.25 | 0.26 | 0.56 | 0.51 |
| Interest Expense | - | 0.37 | 1.39 | 0.92 | 0.31 |
| Net Interest Income | - | -0.12 | -1.12 | -0.37 | 0.20 |
| Other Non Operating Income Expenses | - | -2.05 | -1.74 | 0.14 | 0.22 |
| Other Income Expense | - | -2.05 | -1.74 | -5.89 | -0.45 |
| Interest Income Non Operating | - | 0.25 | 0.26 | 0.56 | 0.51 |
| Interest Expense Non Operating | - | 0.37 | 1.39 | 0.92 | 0.31 |
| Net Non Operating Interest Income Expense | - | -0.12 | -1.12 | -0.37 | 0.20 |
| Pretax Income | - | 13.87 | 7.78 | 4.15 | 6.71 |
| Tax Provision | - | 1.90 | 1.34 | 0.22 | 0.10 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0 | 0 | -0.32 | -0.01 |
| Net Income Continuous Operations | - | 11.98 | 6.44 | 3.92 | 6.61 |
| Net Income From Continuing And Discontinued Operation | - | 12.46 | 6.14 | 3.67 | 6.33 |
| Net Income From Continuing Operation Net Minority Interest | - | 11.98 | 6.44 | 3.92 | 6.61 |
| Net Income | - | 12.46 | 6.14 | 3.67 | 6.33 |
| Net Income Common Stockholders | - | 12.46 | 6.14 | 3.67 | 6.33 |
| Net Income Including Noncontrolling Interests | - | 12.46 | 6.14 | 3.67 | 6.33 |
| Normalized Income | - | 11.98 | 6.44 | 9.64 | 7.27 |
| Diluted NI Availto Com Stockholders | - | 12.46 | 6.14 | 3.67 | 6.33 |
| Basic Average Shares | - | 13.65 | 13.73 | 13.84 | 13.96 |
| Diluted Average Shares | - | 13.72 | 13.80 | 13.92 | 13.98 |
| Reconciled Depreciation | - | 2.04 | 2.79 | 2.79 | 3.01 |
| Reconciled Cost Of Revenue | 0.17 | - | - | - | - |
| Total Unusual Items | - | - | 0 | -6.04 | -0.67 |
| Total Unusual Items Excluding Goodwill | - | - | 0 | -6.04 | -0.67 |
| Net Income Discontinuous Operations | - | 0.48 | -0.30 | -0.25 | -0.28 |
| Special Income Charges | - | - | 0 | -6.04 | -0.67 |
| Impairment Of Capital Assets | - | - | 0 | 6.04 | 0.67 |
| 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 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| HireQuest, Inc.this co. | HQI | $171M | 26.97 | 2.50 | 9.3% | 17.34 |
| Mammoth Energy Services, Inc. | TUSK | $185M | 40.24 | 0.72 | 1.8% | -4.84 |
| Proficient Auto Logistics, Inc. | PAL | $180M | -5.00 | 0.58 | -11.6% | 95.31 |
| JELD-WEN Holding, Inc. | JELD | $174M | -0.28 | 1.89 | -673.6% | -4.76 |
| RCM Technologies, Inc. | RCMT | $169M | 10.36 |
| - |
| - |
| - |
| - |
| 3.68 |
| 35.5% |
| 7.40 |
| NET Power Inc. | NPWR | $164M | - | 0.21 | -283.8% | - |
| Resources Connection, Inc. | RGP | $153M | -0.80 | 0.74 | -92.6% | 8.82 |
| SKYX Platforms Corp. | SKYX | $151M | -4.53 | -11.45 | 252.9% | -7.28 |
| Byrna Technologies Inc. | BYRN | $144M | 14.82 | 2.18 | 14.7% | 9.48 |
| Peer Median | - | -0.28 | 0.73 | -4.9% | 7.40 | |