TBI (TrueBlue) Net Margin %: -4.97% (As of Mar. 2026)


TBI TrueBlue Inc TBI
65 GF Score
Price $6.66
GF Value $7.64
Valuation Modestly Undervalued
! 4 Warning Signs
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What is TrueBlue Net Margin %?

TrueBlue TBI 65 Net Margin % is -4.97% as of Mar. 2026. GuruFocus rates TBI with a GF Score™ of 65/100 and a GF Value™ of $7.64 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,074 Business Services companies, TrueBlue ranks worse than 79.42% on this metric.

Net margin is calculated as Net Income divided by its Revenue. TrueBlue's Net Income for the three months ended in Mar. 2026 was $-20 Mil. TrueBlue's Revenue for the three months ended in Mar. 2026 was $399 Mil. Therefore, TrueBlue's net margin for the quarter that ended in Mar. 2026 was -4.97%.

The historical rank and industry rank for TrueBlue's Net Margin % or its related term are showing as below:

TBI' s Net Margin % Range Over the Past 10 Years
Min: -8.02   Med: 0.83   Max: 2.84
Current: -3.25


TBI's Net Margin % is ranked worse than
79.42% of 1074 companies
in the Business Services industry
Industry Median: 3.83 vs TBI: -3.25

TrueBlue  (NYSE:TBI) Net Margin % Explanation

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.


TrueBlue Net Margin % Related Terms


TrueBlue Net Margin % Historical Data

* Premium members only.

The historical data trend for TrueBlue's Net 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.

TrueBlue Net Margin % Chart

TrueBlue Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Net Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.84 2.76 -0.74 -8.02 -2.97

TrueBlue Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Net Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -3.88 -0.04 -0.44 -7.54 -4.97

TBI vs HQI, ATLN, MHH: Net Margin % Comparison

For the Staffing & Employment Services subindustry, TrueBlue's Net Margin %, along with its competitors' market caps and Net 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 Net Margin % vs Business Services Industry

For the Business Services industry and Industrials sector, TrueBlue's Net Margin % distribution charts can be found below:

* The bar in red indicates where TrueBlue's Net Margin % falls into.


TBI
65GF Score
TrueBlue Inc TBI
Net Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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TrueBlue Net Margin % Calculation

Net margin - also known as net profit margin is the ratio of Net Income divided by net sales or Revenue, usually presented in percent.

TrueBlue's Net Margin for the fiscal year that ended in Dec. 2025 is calculated as

Net Margin=Net Income (A: Dec. 2025 )/Revenue (A: Dec. 2025 )
=-47.96/1615.997
=-2.97 %

TrueBlue's Net Margin for the quarter that ended in Mar. 2026 is calculated as

Net Margin=Net Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=-19.795/398.566
=-4.97 %

* 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.

Frequently Asked Questions Learn more about Net Margin % →
What does a Net Margin % of -4.97% mean?
TrueBlue (TBI) has a Net Margin % of -4.97% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on TrueBlue and its competitors. According to the industry distribution chart, TrueBlue ranks #853 out of 1074 companies in the Business Services industry, placing it in the top 79.4%.
Is TrueBlue's Net Margin % too high?
TrueBlue's current Net Margin % is -4.97%. Based on the distribution chart, TrueBlue ranks #853 out of 1074 companies in the Business Services industry, which is in the bottom quartile relative to peers. Overall, TrueBlue has a GF Score™ of 65/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does TrueBlue's Net Margin % compare to HQI and ATLN?
According to the Business Services industry distribution chart, TrueBlue ranks #853 out of 1074 companies for Net Margin %. This places TrueBlue in the lower half of its industry. The industry median Net Margin % is 3.83. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Margin % for a Business Services company?
The median Net Margin % among Business Services companies is 3.83, based on 1,074 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on TrueBlue and its competitors. For the Business Services industry, the median Net Margin % is 3.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TrueBlue's current Net Margin % is -4.97%. 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 Modestly Undervalued. The stock's GF Value™ is $7.64, compared to a current price of $6.66 — trading 12.8% below its estimated fair value. The current Net Margin % is -4.97%. TrueBlue's overall GF Score™ is 65/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For TrueBlue (TBI), the current Net Margin % is -4.97% 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 $6.66 is trading 12.8% below its estimated GF Value™ of $7.64. GuruFocus considers TrueBlue to be Modestly Undervalued.

Key valuation signals for TBI:

  • Net Margin %: -4.97%
  • GF Value™: $7.64 vs. price of $6.66 (12.8% below fair value)
  • GF Score™: 65/100 with 4 warning signs

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 Business Description

Address 1015 A Street, Tacoma, WA, USA, 98402
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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Net Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$6.66
Price
$7.64
GF Value