RHIRobert Half Inc.
Is the business good?
The checks split: nothing decisive, though margins compressing.
Mixed fundamental signals. Nine pass/fail tests of year-over-year health from the filings.
Operating margin has narrowed over the past few years, profitability per dollar of sales is eroding.
Efficiency-driven, thin margins turned over fast (the retail model). ROE 11% = margin × turnover × leverage.
Unless marked, from derived.
Against the whole market›
Percentile against every name Ryufin tracks. Higher is better; the tick marks the middle of the market. Context, not one of the checks above.
Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.
How good a business is RHI?
Robert Half Inc. earns 0.95% 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% · 8.1 points below what the capital costs: growth destroys value
- Operating margin
- 0.20%
Operating margin · Staffing & Employment Services median 0.87% · 12 months to Q2 2026
- Share count, year on year
- −0.23%
Share count, year on year · flat: no meaningful dilution
- Gross margin
- 37%
Gross margin
| Year | Operating margin |
|---|---|
| FY2020 | 8.3% |
| FY2021 | 12% |
| FY2022 | 12% |
| FY2023 | 7.3% |
| FY2024 | 4.2% |
| FY2025 | 1.4% |
Details›
- Gross margin12 months to Q2 2026
- 37%
- Operating margin12 months to Q2 2026
- 0.20%
- Net margin12 months to Q2 2026
- 2.2%
- Free cash flow margin
- 4.1%
- Revenue, trailing twelve months
- $5.29B
- Free cash flow, trailing twelve months
- $215M
- Net income, trailing twelve months
- $115M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 0.95%
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 #6 of 9 by RyuScore