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Kelly Services, Inc., together with its subsidiaries, provides workforce solutions to various industries in the Americas, Europe, Mexico, and the Asia-Pacific region. It operates in three segments: Enterprise Talent Management, Science, Engineering & Technology, and Education. The Enterprise Talent Management segment delivers temporary staffing, outcome-based, and permanent placement services providing administrative, accounting, and finance; light industrial; contact center staffing; and other workforce solutions. This segment also delivers talent solutions, including managed service provider, payroll process outsourcing, recruitment process outsourcing solutions, and executive coaching programs to customers on a global basis that includes its RocketPower and Sevenstep brands. The Science, Engineering & Technology segment offers temporary staffing, outcome-based, and permanent placement services in the areas of science and clinical research, engineering, technology, and telecommunications specialties. The Education segment provides staffing, permanent placement, and executive search services to pre-K-12 school districts and education organizations. Kelly Services, Inc. was founded in 1946 and is headquartered in Troy, Michigan.
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 | $4.3B | $-13M | $-254M | $114M | -26.0% | -1.9% | - |
| 2024 | $4.3B | $40M | $-1M | $16M | -0.0% | -10.4% | -101.6% |
| 2023 | $4.8B | $78M | $36M | $61M | 2.9% | -2.6% | - |
| 2022 | $5.0B | $-17M | $-63M | $-88M | -5.0% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 4,965.40 | 4,835.70 | 4,331.80 | 4,250.90 |
| Cost Of Revenue | 3,953.60 | 3,874.30 | 3,449.20 | 3,397.90 |
| Gross Profit | 1,011.80 | 961.40 | 882.60 | 853 |
| Operating Expense | 943.50 | 934.70 | 818.40 | 825.90 |
| Operating Income | 68.30 | 26.70 | 64.20 | 27.10 |
| EBITDA | -17.20 | 78.20 | 39.90 | -13.10 |
| EBIT | -69.10 | 28.10 | -11 | -66.40 |
| Pretax Income | -71.20 | 24.90 | -21.90 | -78.80 |
| Tax Provision | -7.90 | -11.50 | -21.30 | 175.30 |
| Net Income | -62.50 | 36.40 | -0.60 | -254.10 |
| Net Income Common Stockholders | -62.50 | 35.70 | -0.60 | -254.10 |
| Total Expenses | 4,897.10 | 4,809 | 4,267.60 | 4,223.80 |
| Interest Expense | 2.10 | 3.20 | 10.90 | 12.40 |
| Interest Income | 2.30 | 6.70 | 6.80 | 3.70 |
| Selling General And Administration | 943.50 | 934.70 | 818.40 | 825.90 |
| Normalized EBITDA | 51.90 | 80.60 | 119.20 | 83.80 |
| Normalized Income | -1.07 | 38.30 | 62.05 | -177.55 |
| Basic EPS | -1.64 | 0.99 | -0.02 | -7.24 |
| Diluted EPS | -1.64 | 0.98 | -0.02 | -7.24 |
| Tax Effect Of Unusual Items | -7.67 | -0.50 | -16.65 | -20.35 |
| Tax Rate For Calcs | 0.11 | 0.21 | 0.21 | 0.21 |
| Total Unusual Items | -69.10 | -2.40 | -79.30 | -96.90 |
| Total Unusual Items Excluding Goodwill | -69.10 | -2.40 | -79.30 | -96.90 |
| Net Income From Continuing Operation Net Minority Interest | -62.50 | 36.40 | -0.60 | -254.10 |
| Reconciled Depreciation | 51.90 | 50.10 | 50.90 | 53.30 |
| Reconciled Cost Of Revenue | 3,953.60 | 3,874.30 | 3,449.20 | 3,397.90 |
| Net Interest Income | 0.20 | 3.50 | -4.10 | -8.70 |
| Net Income From Continuing And Discontinued Operation | -62.50 | 36.40 | -0.60 | -254.10 |
| Total Operating Income As Reported | 14.80 | 24.30 | -15.10 | -69.80 |
| Diluted Average Shares | 38.10 | 36.30 | 35.50 | 35.10 |
| Basic Average Shares | 38.10 | 35.90 | 35.50 | 35.10 |
| Diluted NI Availto Com Stockholders | -62.50 | 35.70 | -0.60 | -254.10 |
| Otherunder Preferred Stock Dividend | 0 | 0.70 | 0 | 0 |
| Net Income Including Noncontrolling Interests | -62.50 | 36.40 | -0.60 | -254.10 |
| Net Income Continuous Operations | -62.50 | 36.40 | -0.60 | -254.10 |
| Earnings From Equity Interest Net Of Tax | 0.80 | 0 | 0 | 0 |
| Other Income Expense | -139.70 | -5.30 | -82 | -97.20 |
| Other Non Operating Income Expenses | -3.40 | -2.90 | -2.70 | -0.30 |
| Special Income Charges | -53.50 | -2.40 | -79.30 | -96.90 |
| Gain On Sale Of Ppe | 6.20 | 0 | 5.40 | 1 |
| Gain On Sale Of Business | -18.70 | 0 | 1.60 | 4.10 |
| Other Special Charges | 0 | 0 | 0 | 0 |
| Impairment Of Capital Assets | 41 | 2.40 | 86.30 | 102 |
| Earnings From Equity Interest | -67.20 | 0 | 0 | 0 |
| Gain On Sale Of Security | -15.60 | -5.10 | 0.50 | 0 |
| Net Non Operating Interest Income Expense | 0.20 | 3.50 | -4.10 | -8.70 |
| Interest Expense Non Operating | 2.10 | 3.20 | 10.90 | 12.40 |
| Interest Income Non Operating | 2.30 | 6.70 | 6.80 | 3.70 |
| Operating Revenue | 4,965.40 | 4,835.70 | 4,331.80 | 4,250.90 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Kelly Services, Inc.this co. | KELYA | $351M | - | 0.34 | -26.0% | 4.73 |
| Lightbridge Corporation | LTBR | $375M | - | 1.76 | -9.6% | - |
| Boston Omaha Corporation | BOC | $374M | - | 0.73 | -2.3% | 20.16 |
| Quad/Graphics, Inc. | QUAD | $366M | 12.09 | 2.77 | 21.0% | 4.30 |
| Matrix Service Company | MTRX | $363M | - |
| 2.64 |
| -20.6% |
| -20.87 |
| Wabash National Corporation | WNC | $339M | 1.64 | 0.92 | 57.4% | 2.07 |
| Omega Flex, Inc. | OFLX | $339M | 22.82 | 4.02 | 17.6% | 15.85 |
| SBC Medical Group Holdings Incorporated | SBC | $339M | 6.60 | 1.36 | 19.4% | 3.44 |
| Tredegar Corporation | TG | $327M | 13.67 | 1.48 | 15.5% | 6.25 |
| Peer Median | - | 12.09 | 1.62 | 16.6% | 4.30 | |