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RHI

Robert Half International Inc.

RHI

Robert Half International Inc. • NYSE
$27.04 ▼ -0.84% (-0.23)
Market Cap $2.74 B
52w High $78.41
52w Low $25.22
Dividend Yield 2.36%
P/E 17.56
Volume 774.70K
Outstanding Shares 101.16M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $1.354B ▼ $490.643M ▼ $42.916M ▲ 3.168% ▲ $0.43 ▲ $55.107M ▲
Q2-2025 $1.37B ▲ $495.332M ▲ $40.968M ▲ 2.991% ▲ $0.41 ▲ $14.663M ▼
Q1-2025 $1.352B ▼ $438.849M ▼ $17.35M ▼ 1.283% ▼ $0.17 ▼ $43.901M ▼
Q4-2024 $1.382B ▼ $471.326M ▼ $54.29M ▼ 3.927% ▼ $0.53 ▼ $78.112M ▼
Q3-2024 $1.465B $510.786M $65.451M 4.468% $0.64 $83.014M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $365.289M ▼ $2.846B ▲ $1.56B ▲ $1.286B ▼
Q2-2025 $380.547M ▲ $2.832B ▲ $1.52B ▲ $1.312B ▼
Q1-2025 $342.473M ▼ $2.697B ▼ $1.384B ▼ $1.313B ▼
Q4-2024 $537.583M ▼ $2.854B ▼ $1.476B ▼ $1.378B ▼
Q3-2024 $570.466M $2.982B $1.508B $1.474B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $42.916M ▲ $77.402M ▼ $-13.88M ▲ $-79.96M ▲ $-15.258M ▼ $63.567M ▼
Q2-2025 $40.968M ▲ $119.377M ▲ $-16.033M ▲ $-80.433M ▲ $38.074M ▲ $104.198M ▲
Q1-2025 $17.35M ▼ $-59.347M ▼ $-32.708M ▼ $-111.225M ▲ $-195.11M ▼ $-71.741M ▼
Q4-2024 $54.29M ▼ $154.833M ▲ $-29.014M ▼ $-134.624M ▼ $-32.883M ▼ $140.527M ▲
Q3-2024 $65.451M $129.601M $-20.644M $-103.378M $23.096M $111.763M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Contract Talent Solutions
Contract Talent Solutions
 $0 ▲$560.00M ▲$560.00M ▲$550.00M ▼
Permanent Placement Staffing
Permanent Placement Staffing
 $230.00M ▲$110.00M ▼$110.00M ▲$110.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Robert Half’s earnings profile shows a business that is still clearly profitable but well past its recent peak. Revenue climbed strongly from 2020 through 2022 and then stepped down in 2023 and 2024, which fits with a softer hiring environment. Profit margins followed the same pattern: they were quite strong in 2021–2022 but have compressed meaningfully since then as slower demand met a relatively fixed cost base. Even so, the company continues to generate healthy gross profit and solid net income, just at a lower level than a few years ago. The key story on the income statement is a cyclically pressured, but still solid, profitability profile in a down part of the staffing cycle.

Balance Sheet

Balance Sheet The balance sheet looks conservative and resilient. Assets have grown gradually over time, with cash balances staying comfortably high relative to the size of the business. Debt levels are modest and have even edged down slightly, leaving the company in a net cash or very lightly leveraged position. Equity has been building over the years, showing that profits have, overall, been retained and strengthened the company’s financial base. Overall, Robert Half appears to have the kind of clean, low-debt balance sheet that can help it weather hiring downturns without financial strain.

Cash Flow

Cash Flow Cash generation is a key strength here. Operating cash flow has been consistently strong over the last five years, even as earnings have come off their peak. Free cash flow is only slightly below operating cash flow because the business does not require heavy spending on physical assets to grow. Capital spending is relatively small and stable, which is typical for a services and people-focused model. This combination of solid cash inflows and low investment needs gives the company flexibility to support dividends, buybacks, or strategic investments while still maintaining a cushion for tougher periods in the labor market.

Competitive Edge

Competitive Edge Robert Half holds a strong competitive position in professional staffing and consulting, built on specialization, brand, and scale. It focuses on higher-skill areas like finance, technology, legal, and creative roles, which tend to command better pricing and foster deep client relationships. Decades in the market have given it a well-known brand, a very large candidate database, and a broad global office network, all of which are difficult for smaller or newer rivals to replicate. A notable differentiator is Protiviti, its consulting arm. This lets Robert Half offer both staffing and higher-value advisory services to the same clients, making relationships “stickier” and less transactional. The combination of specialized divisions, a huge proprietary talent pool, and integrated consulting gives the company a meaningful edge over generalist staffing firms, even though it still operates in an overall cyclical and competitive industry.

Innovation and R&D

Innovation and R&D The company is leaning heavily into technology and data, which is important in an industry where many services can look similar. Its proprietary AI tools for matching candidates to roles and prioritizing client outreach are designed to make placements faster and more accurate. These tools draw on a very large internal database and are supported by real-time analytics platforms that help managers and recruiters see trends and performance quickly. Robert Half is also investing in its digital experience for job seekers, including a widely used mobile app that personalizes job recommendations. Strategically, it is positioning itself in high-demand, skills-shortage areas such as AI, data, and cybersecurity talent, and using Protiviti to expand into consulting services tied to digital transformation and risk. These moves suggest an ongoing, not one-time, commitment to innovation rather than a static staffing model.

Summary

Overall, Robert Half looks like a mature, well-managed staffing and consulting firm navigating a softer hiring cycle. Its revenues and margins have clearly come off their 2022 highs, but profitability remains solid and the company is still generating strong free cash flow. The balance sheet is conservative, with good liquidity and low debt, giving it room to operate through downturns and continue investing. Strategically, its edge comes from specialized focus areas, a powerful brand and network, a huge candidate database, and the added dimension of Protiviti’s consulting business. Its push into AI-enabled recruiting tools, data-driven decision-making, and high-growth skill categories indicates a clear effort to stay ahead of industry change. The main watchpoints are how quickly demand in its core markets recovers, how well it monetizes its technology and consulting investments, and whether it can restore margins closer to prior peak levels over the next cycle.

NEWS

November 18, 2025 · 7:00 AM UTC

Protiviti Receives 2025-2026 Microsoft AI Business Solutions Inner Circle Award

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November 17, 2025 · 7:00 AM UTC

Protiviti Congratulates Brand Ambassador Matt Fitzpatrick on Victory at the DP World Tour Championship

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October 30, 2025 · 4:50 PM UTC

Robert Half Announces Quarterly Dividend

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October 28, 2025 · 3:00 AM UTC

AI Boosts Productivity by the Equivalent of One Workday Per Week, New Report Finds

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October 23, 2025 · 5:02 PM UTC

Robert Half Honored by Fortune and Forbes as a Top Workplace for Women in 2025

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