TrueBlueTBI +7.04%65 Gross Margin % is 19.83% as of Mar. 2026, which is 23% below its 10-year median of 25.86. GuruFocus rates TBI with a GF Score™ of 65/100 and a GF Value™ of $7.64 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,007 Business Services companies, TrueBlue ranks worse than 73.29% on this metric.
Gross Margin % is calculated as gross profit divided by its revenue. TrueBlue's Gross Profit for the
three
months ended in Mar. 2026 was $79 Mil. TrueBlue's Revenue for the
three
months ended in Mar. 2026 was $399 Mil. Therefore, TrueBlue's Gross Margin % for the quarter that ended in Mar. 2026 was 19.83%.
The historical rank and industry rank for TrueBlue's Gross Margin % or its related term are showing as below:
TBI'
s Gross Margin % Range Over the Past 10 Years
Min: 21.93 Med: 25.86 Max: 26.71
Current: 21.93
During the past 13 years, the highestGross Margin % of TrueBlue was 26.71%. The lowest was 21.93%. And the median was 25.86%.
TBI's Gross Margin % is ranked worse than 73.29% of 1007
companies
in the Business Services industry
Industry Median: 34.5
vs TBI: 21.93
TrueBlue had a gross margin of 19.83% for the quarter that ended in Mar. 2026 => No sustainable competitive advantage
The 5-Year average Growth Rate of Gross Margin for TrueBlue was -0.70% per year.
TrueBlue (NYSE:TBI) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
TrueBlue had a gross margin of 19.83% for the quarter that ended in Mar. 2026 => No sustainable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
TrueBlue Gross Margin % Related Terms
TrueBlue Gross Margin % Historical Data
* Premium members only.
The historical data trend for TrueBlue's Gross Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Staffing & Employment Services subindustry, TrueBlue's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
TrueBlue Gross Margin % vs Business Services Industry
For the Business Services industry and Industrials sector, TrueBlue's Gross Margin % distribution charts can be found below:
* The bar in red indicates where TrueBlue's Gross Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
TrueBlue (TBI) has a Gross Margin % of 19.83% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on TrueBlue and its competitors. This is 23% below median its historical median of 25.86. Over the past decade, TrueBlue's Gross Margin % has ranged from 21.93 to 26.71. According to the industry distribution chart, TrueBlue ranks #738 out of 1007 companies in the Business Services industry, placing it in the top 73.3%.
Is TrueBlue's Gross Margin % too high?
TrueBlue's current Gross Margin % of 19.83% is 23% below median its 10-year median of 25.86. Over the past 10 years, this metric has ranged from a low of 21.93 to a high of 26.71. The Business Services industry median Gross Margin % is 34.50. TrueBlue's value of 19.83% is 42.5% below this industry median. Based on the distribution chart, TrueBlue ranks #738 out of 1007 companies in the Business Services industry, which is below the industry midpoint. Overall, TrueBlue has a GF Score™ of 65/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does TrueBlue's Gross Margin % compare to HQI and ATLN?
According to the Business Services industry distribution chart, TrueBlue ranks #738 out of 1007 companies for Gross Margin %. This places TrueBlue in the lower half of its industry. The industry median Gross Margin % is 34.50. TrueBlue's value of 19.83% is 42.5% below this benchmark. Historically, TrueBlue's own Gross Margin % has ranged from 21.93 to 26.71 over the past decade. While the company's 10-year median is 25.86 vs. the industry median of 34.50, TrueBlue has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for a Business Services company?
The median Gross Margin % among Business Services companies is 34.50, based on 1,007 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. TrueBlue's current Gross Margin % of 19.83% is 42.5% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on TrueBlue and its competitors. For the Business Services industry, the median Gross Margin % is 34.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TrueBlue's current Gross Margin % is 19.83%, which is 23% below median its own 10-year median of 25.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TrueBlue stock overvalued right now?
Based on GuruFocus' analysis, TrueBlue (TBI) is currently considered Fairly Valued. The stock's GF Value™ is $7.64, compared to a current price of $6.99 — trading 8.5% below its estimated fair value. The current Gross Margin % is 19.83%, which is 23% below median its 10-year median of 25.86 and 42.5% below the Business Services industry median of 34.50. TrueBlue's overall GF Score™ is 65/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For TrueBlue (TBI), the current Gross Margin % is 19.83% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is TrueBlue (TBI) Overvalued in 2026?
Based on GuruFocus' analysis, TrueBlue stock appears to be undervalued.
The current stock price of $6.99 is trading 8.5% below its estimated GF Value™ of $7.64.
GuruFocus considers TrueBlue to be Fairly Valued.
Key valuation signals for TBI:
Gross Margin %: 19.83% (23% below median its 10-year median of 25.86)
GF Value™: $7.64 vs. price of $6.99 (8.5% below fair value)
Industry Position: 42.5% below the Business Services median (#738 of 1007)
No single metric tells the full story. See the TBI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TrueBlue Inc is a provider of specialized workforce solutions that connect employers with talent. Its reportable segments include PeopleReady, which provides blue-collar contingent staffing and delivers on-demand and skilled labor across industries such as construction, transportation, retail, hospitality, and energy. The PeopleManagement segment offers contingent labor and outsourced industrial workforce solutions, mainly on-site at client facilities, through its OnSite and Centerline operations, focusing on workforce management and commercial driver services. PeopleSolutions delivers services focused on professional and specialized talent acquisition, as well as workforce management and compliance. The company generates the majority of its revenue from the PeopleReady segment.
65GF Score
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