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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% | 42250.0% |
| 2024 | $4.3B | $40M | $-1M | $16M | -0.0% | -10.4% | -101.6% |
| 2023 | $4.8B | $78M | $36M | $61M | 2.9% | -2.6% | -158.2% |
| 2022 | $5.0B | $-17M | $-63M | $-88M | -5.0% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 4,965.40 | 4,835.70 | 4,331.80 | 4,250.90 |
| Operating 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 |
| Selling General And Administration | - | 943.50 | 934.70 | 818.40 | 825.90 |
| Total Expenses | - | 4,897.10 | 4,809 | 4,267.60 | 4,223.80 |
| Operating Income | - | 68.30 | 26.70 | 64.20 | 27.10 |
| Total Operating Income As Reported | - | 14.80 | 24.30 | -15.10 | -69.80 |
| EBITDA | - | -17.20 | 78.20 | 39.90 | -13.10 |
| Normalized EBITDA | - | 51.90 | 80.60 | 119.20 | 83.80 |
| EBIT | - | -69.10 | 28.10 | -11 | -66.40 |
| Interest Income | - | 2.30 | 6.70 | 6.80 | 3.70 |
| Interest Expense | - | 2.10 | 3.20 | 10.90 | 12.40 |
| Net Interest Income | - | 0.20 | 3.50 | -4.10 | -8.70 |
| Other Non Operating Income Expenses | - | -3.40 | -2.90 | -2.70 | -0.30 |
| Other Income Expense | - | -139.70 | -5.30 | -82 | -97.20 |
| Interest Income Non Operating | - | 2.30 | 6.70 | 6.80 | 3.70 |
| Interest Expense Non Operating | - | 2.10 | 3.20 | 10.90 | 12.40 |
| Net Non Operating Interest Income Expense | - | 0.20 | 3.50 | -4.10 | -8.70 |
| Pretax Income | - | -71.20 | 24.90 | -21.90 | -78.80 |
| Tax Provision | - | -7.90 | -11.50 | -21.30 | 175.30 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -7.67 | -0.50 | -16.65 | -20.35 |
| Net Income Continuous Operations | - | -62.50 | 36.40 | -0.60 | -254.10 |
| Net Income From Continuing And Discontinued Operation | - | -62.50 | 36.40 | -0.60 | -254.10 |
| Net Income From Continuing Operation Net Minority Interest | - | -62.50 | 36.40 | -0.60 | -254.10 |
| Net Income | - | -62.50 | 36.40 | -0.60 | -254.10 |
| Net Income Common Stockholders | - | -62.50 | 35.70 | -0.60 | -254.10 |
| Net Income Including Noncontrolling Interests | - | -62.50 | 36.40 | -0.60 | -254.10 |
| Normalized Income | - | -1.07 | 38.30 | 62.05 | -177.55 |
| Diluted NI Availto Com Stockholders | - | -62.50 | 35.70 | -0.60 | -254.10 |
| Basic Average Shares | - | 38.10 | 35.90 | 35.50 | 35.10 |
| Diluted Average Shares | - | 38.10 | 36.30 | 35.50 | 35.10 |
| 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 |
| Total Unusual Items | - | -69.10 | -2.40 | -79.30 | -96.90 |
| Total Unusual Items Excluding Goodwill | - | -69.10 | -2.40 | -79.30 | -96.90 |
| Earnings From Equity Interest Net Of Tax | - | 0.80 | 0 | 0 | 0 |
| Special Income Charges | - | -53.50 | -2.40 | -79.30 | -96.90 |
| Gain On Sale Of Business | - | -18.70 | 0 | 1.60 | 4.10 |
| Other Special Charges | -19 | - | - | - | - |
| Impairment Of Capital Assets | - | 41 | 2.40 | 86.30 | 102 |
| Gain On Sale Of Security | 1.70 | -15.60 | -5.10 | 0.50 | - |
| Gain On Sale Of Ppe | - | 6.20 | 0 | 5.40 | 1 |
| Otherunder Preferred Stock Dividend | - | 0 | 0.70 | 0 | 0 |
| Earnings From Equity Interest | 121.80 | -67.20 | 0 | 0 | - |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Kelly Services, Inc.this co. | KELYA | $411M | -1.62 | 0.42 | -26.0% | -41.01 |
| AirJoule Technologies Corporation | AIRJ | $418M | -46.20 | 1.56 | -3.4% | -29.23 |
| Boston Omaha Corporation | BOC | $415M | -33.40 | 0.80 | -2.4% | 33.88 |
| Costamare Bulkers Holdings Limited | CMDB | $407M | -10.90 | 0.61 | -5.6% | 4697.71 |
| Columbus McKinnon Corporation | CMCO | $405M |
| - |
| - |
| - |
| - |
| - |
| -78.76 |
| 0.46 |
| -0.6% |
| 11.87 |
| Concrete Pumping Holdings, Inc. | BBCP | $403M | 63.25 | 1.52 | 2.4% | 8.41 |
| BlueLinx Holdings Inc. | BXC | $402M | 1835.44 | 0.65 | 0.0% | 9.53 |
| Radiant Logistics, Inc. | RLGT | $401M | 23.21 | 1.78 | 7.7% | 11.28 |
| Matrix Service Company | MTRX | $401M | - | 2.81 | -20.6% | - |
| Peer Median | - | -10.90 | 1.16 | -1.5% | 11.28 | |