Filing Flows › Industrials › TrueBlue (TBI)
TrueBlue (TBI) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 4, 2026 · TrueBlue (TBI) Q3 2026 earnings results →
Q3 2026 Revenue up 21% year over year to $521M · 2¢ of every $1 of revenue kept as net profit · operating margin 2.3%
TrueBlue made $521M in Q3 2026 (+21% Y/Y). Operating margin 2.3%, net earnings $9.2M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 4, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $520.7M in Q3 2026, up 21% year over year and up 18% from the previous quarter.
Gross margin was 20.5%, down 2.2 points from Q3 2025. Operating profit was $12.0M, a 2.3% margin (up 2.3 points year over year). Operating expenses fell 3% while revenue rose 21%. Net earnings were $9.2M. The effective tax rate was 10.0%.
Operating cash flow was −$26.1M. Non-cash charges added back $6.8M of depreciation and amortization and $2.6M of share-based compensation. Working capital and other items used $44.7M. Capital expenditures of $2.2M exceeded it, leaving free cash flow of −$28.3M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 4, 2026 | $521M | +21% | 2.3% | $9.2M | −$26.1M |
| Q2 2026 | 10-Q | Aug 4, 2026 | $443M | +12% | -0.3% | −$3.4M | −$20.6M |
| Q1 2026 | 10-Q | May 5, 2026 | $399M | +8% | -4.5% | −$19.8M | −$9.8M |
| Q4 2025 | 10-K | Feb 18, 2026 | $418M | +8% | -7.0% | −$31.5M | −$4.4M |
| Q3 2025 | 10-Q | Nov 3, 2025 | $431M | +13% | 0.0% | −$1.9M | −$19.8M |
| Q2 2025 | 10-Q | Aug 4, 2025 | $396M | 0% | -0.7% | −$160K | −$11.8M |
| Q1 2025 | 10-Q | May 5, 2025 | $370M | -8% | -3.8% | −$14.3M | −$22.1M |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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Customers and suppliers named in filings
Buys from
- AAPL · Stated in 10-K (named, share not stated) · source
- GOOGL · Stated in 10-K (named, share not stated) · source
TrueBlue against its Services-Help Supply Services peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +21% against the peers' median +2%. Operating margin: 2.3% against the peers' median 2.4%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| TBI TrueBlue | Q3 2026 | $521M | +21% | 2.3% |
| MAN ManpowerGroup | Q3 2026 | $4.8B | +4% | 1.7% |
| NSP Insperity | Q3 2026 | $1.7B | +2% | -0.1% |
| RHI Robert Half | Q3 2026 | $1.4B | +0.4% | 5.5% |
| EFOR Everforth | Q3 2026 | $1.0B | +2% | 5.5% |
| KELYA Kelly Services | Q3 2026 | $927M | -0.8% | 0.1% |
| AMN AMN Healthcare Services | Q3 2026 | $717M | +13% | 7.0% |
| TTEC Ttec Holdings | Q2 2026 | $455M | -11% | 2.4% |
| KFRC Kforce | Q3 2026 | $358M | +8% | 6.3% |
Source: TrueBlue 10-Q on SEC EDGAR · CIK 768899 · Services-Help Supply Services
Guidance and outlook
13F: who owns TBI and who is buying
More on TBI
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results