KELYAKelly Services, Inc.
Is the business good?
Margins compressing. That is the only one of 4 checks this filer's data supports, so take it as a single data point rather than a settled answer.
Operating margin has narrowed over the past few years, profitability per dollar of sales is eroding.
Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.
How good a business is KELYA?
Kelly Services, Inc. earns −7.0% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.
Return on invested capital · cost of capital 9.0% · 16 points below what the capital costs: growth destroys value
- Operating margin
- −2.3%
Operating margin · Staffing & Employment Services median 0.87% · 12 months to Q2 2026
- Share count, year on year
- −1.4%
Share count, year on year · bought back, each share owns more of the company
- Gross margin
- 20%
Gross margin
| Year | Operating margin |
|---|---|
| FY2020 | −2.1% |
| FY2021 | 0.99% |
| FY2022 | 0.30% |
| FY2023 | 0.50% |
| FY2024 | −0.35% |
| FY2025 | −1.6% |
Details›
- Gross margin12 months to Q2 2026
- 20%
- Operating margin12 months to Q2 2026
- −2.3%
- Net margin12 months to Q2 2026
- −6.7%
- Free cash flow margin
- 0.50%
- Revenue, trailing twelve months
- $4.06B
- Free cash flow, trailing twelve months
- $21M
- Net income, trailing twelve months
- −$273M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- −7.0%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.
Staffing & Employment Services
Ranks #9 of 9 by RyuScore