Barrett Business Svcs Inc Financials

BBSI

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

This page shows Barrett Business Svcs Inc (BBSI) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 14 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Key Financial Metrics

Revenue

$1.1B

YoY+19.8%

5Y CAGR+4.5%

10Y CAGR+11.0%

Barrett Business Svcs Inc generated $1.1B in revenue in fiscal year 2024. This represents an increase of 19.8% from the prior year.

EBITDA

$67.4M

YoY+36.8%

5Y CAGR+13.7%

10Y CAGR+12.8%

Barrett Business Svcs Inc's EBITDA was $67.4M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 36.8% from the prior year.

Free Cash Flow

-$4.1M

YoY+81.7%

Barrett Business Svcs Inc generated -$4.1M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 81.7% from the prior year.

Net Income

$53.0M

YoY+39.2%

5Y CAGR+16.1%

10Y CAGR+15.0%

Barrett Business Svcs Inc reported $53.0M in net income in fiscal year 2024. This represents an increase of 39.2% from the prior year.

EPS (Diluted)

$1.98

YoY-60.4%

5Y CAGR-9.9%

10Y CAGR+1.7%

Barrett Business Svcs Inc earned $1.98 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 60.4% from the prior year.

Cash & Debt

$55.4M

YoY-20.2%

5Y CAGR-1.5%

10Y CAGR+1.9%

Barrett Business Svcs Inc held $55.4M in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

$0.31

YoY-74.2%

5Y CAGR-20.9%

10Y CAGR-3.9%

Barrett Business Svcs Inc paid $0.31 per share in dividends in fiscal year 2024. This represents a decrease of 74.2% from the prior year.

Shares Outstanding

26M

YoY+247.7%

5Y CAGR+28.7%

10Y CAGR+13.9%

Barrett Business Svcs Inc had 26M shares outstanding in fiscal year 2024. This represents an increase of 247.7% from the prior year.

Gross Margin

22.1%

YoY+0.7pp

5Y CAGR+4.9pp

10Y CAGR+5.6pp

Barrett Business Svcs Inc's gross margin was 22.1% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 0.7 percentage points from the prior year.

Operating Margin

5.2%

YoY+0.6pp

5Y CAGR+2.0pp

10Y CAGR+0.6pp

Barrett Business Svcs Inc's operating margin was 5.2% in fiscal year 2024, reflecting core business profitability. This is up 0.6 percentage points from the prior year.

Net Margin

4.6%

YoY+0.6pp

5Y CAGR+1.9pp

10Y CAGR+1.4pp

Barrett Business Svcs Inc's net profit margin was 4.6% in fiscal year 2024, showing the share of revenue converted to profit. This is up 0.6 percentage points from the prior year.

Return on Equity

23.9%

YoY+5.7pp

5Y CAGR-4.4pp

10Y CAGR-3.0pp

Barrett Business Svcs Inc's ROE was 23.9% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is up 5.7 percentage points from the prior year.

R&D Spending

N/A

Share Buybacks

$29.1M

YoY+68.5%

10Y CAGR+1.4%

Barrett Business Svcs Inc spent $29.1M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents an increase of 68.5% from the prior year.

Capital Expenditures

$14.2M

YoY+108.2%

5Y CAGR+30.9%

10Y CAGR+14.3%

Barrett Business Svcs Inc invested $14.2M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 108.2% from the prior year.

BBSI Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$1.1B+19.8%	$955.2M+8.4%	$880.8M-6.5%	$942.3M+0.2%	$940.7M+2.2%	$920.4M
Cost of Revenue	$891.3M+18.7%	$750.7M+7.6%	$697.9M-4.9%	$734.1M-2.6%	$754.0M-1.0%	$761.9M
Gross Profit	$253.3M+23.8%	$204.5M+11.8%	$182.9M-12.2%	$208.3M+11.6%	$186.7M+17.8%	$158.5M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$185.9M+19.7%	$155.3M+9.4%	$141.9M-7.8%	$153.9M+5.8%	$145.5M+18.1%	$123.1M
Operating Income	$59.8M+36.1%	$43.9M+21.5%	$36.1M-28.4%	$50.5M+36.5%	$37.0M+23.5%	$29.9M
Interest Expense	$178K-52.2%	$372K-70.1%	$1.2M-30.5%	$1.8M+70.1%	$1.1M+236.1%	$313K
Income Tax	$17.8M+41.7%	$12.6M+42.5%	$8.8M-31.3%	$12.8M+91.5%	$6.7M-27.2%	$9.2M
Net Income	$53.0M+39.2%	$38.1M+12.8%	$33.8M-30.1%	$48.3M+26.9%	$38.1M+51.2%	$25.2M
EPS (Diluted)	$1.98-60.4%	$5.00+13.9%	$4.39-30.0%	$6.27+25.9%	$4.98+49.5%	$3.33

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Revenue	$318.9M+3.7%	$307.7M+5.2%	$292.6M+5.7%	$276.7M+1.2%	$273.3M+3.3%	$264.6M+3.9%	$254.7M-6.4%	$271.9M
Cost of Revenue	$242.2M+3.3%	$234.4M-6.2%	$249.9M+18.4%	$211.1M+3.0%	$205.0M+3.8%	$197.6M-7.3%	$213.1M+0.9%	$211.2M
Gross Profit	$76.8M+4.8%	$73.3M+71.9%	$42.6M-35.0%	$65.6M-4.0%	$68.3M+1.9%	$67.0M+61.4%	$41.5M-31.6%	$60.7M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$49.9M+3.5%	$48.2M+7.5%	$44.8M-1.6%	$45.6M+3.2%	$44.2M+0.8%	$43.8M+6.3%	$41.2M-6.7%	$44.2M
Operating Income	$24.8M+7.6%	$23.0M+652.1%	-$4.2M-122.9%	$18.2M-18.4%	$22.3M+3.7%	$21.5M+1682.7%	-$1.4M-109.1%	$14.9M
Interest Expense	$45K+2.3%	$44K0.0%	$44K	N/A	$80K	N/A	$38K-2.6%	$39K
Income Tax	$6.1M-10.8%	$6.9M+1430.0%	-$517K-110.0%	$5.1M-20.2%	$6.5M-2.8%	$6.6M+4819.3%	$135K-97.2%	$4.9M
Net Income	$20.6M+11.7%	$18.5M+1907.4%	-$1.0M-107.0%	$14.6M-20.1%	$18.2M+7.1%	$17.0M+1977.7%	$819K-92.9%	$11.5M
EPS (Diluted)	$0.79+12.9%	$0.70+1850.0%	$-0.04-109.1%	$0.44-34.3%	$0.67+8.1%	$0.62+416.7%	$0.12+103.6%	$-3.33

BBSI Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$745.5M-0.2%	$747.0M-3.6%	$775.0M-10.0%	$860.9M+13.9%	$756.1M+10.8%	$682.5M
Current Assets	$475.4M+16.9%	$406.7M-0.3%	$407.9M-3.8%	$423.8M+31.8%	$321.7M+4.4%	$308.2M
Cash & Equivalents	$55.4M-20.2%	$69.4M+1.0%	$68.7M+54.1%	$44.6M+26.0%	$35.4M-40.9%	$59.8M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$234.5M+50.6%	$155.7M+31.4%	$118.5M-27.5%	$163.6M+7.9%	$151.6M+10.9%	$136.7M
Goodwill	$47.8M0.0%	$47.8M0.0%	$47.8M0.0%	$47.8M0.0%	$47.8M0.0%	$47.8M
Total Liabilities	$524.1M-2.7%	$538.4M-6.6%	$576.7M-16.3%	$689.1M+8.2%	$637.1M+7.3%	$593.7M
Current Liabilities	$358.9M+13.8%	$315.4M+8.5%	$290.6M-15.0%	$342.1M+4.7%	$326.7M+1.4%	$322.3M
Long-Term Debt	N/A	N/A	$3.5M-5.9%	$3.7M-5.6%	$4.0M-5.3%	$4.2M
Total Equity	$221.4M+6.2%	$208.5M+5.2%	$198.2M+15.4%	$171.8M+44.3%	$119.0M+34.0%	$88.8M
Retained Earnings	$200.0M+12.2%	$178.3M+7.6%	$165.7M+11.5%	$148.7M+36.9%	$108.6M+39.4%	$77.9M

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Total Assets	$777.9M+9.0%	$713.6M-8.3%	$778.6M+7.9%	$721.5M+4.6%	$690.0M+2.7%	$671.9M-0.7%	$676.4M-1.5%	$686.9M
Current Assets	$516.9M+9.6%	$471.4M-11.3%	$531.7M+18.8%	$447.5M+4.7%	$427.5M+2.3%	$417.7M-7.1%	$449.5M-1.1%	$454.4M
Cash & Equivalents	$47.7M+80.9%	$26.3M-17.6%	$32.0M-55.1%	$71.2M+71.2%	$41.6M-14.0%	$48.3M-8.1%	$52.6M-42.4%	$91.4M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$300.6M+13.8%	$264.2M+1.1%	$261.3M+52.4%	$171.4M-16.5%	$205.2M+3.6%	$198.1M+5.3%	$188.0M+14.8%	$163.8M
Goodwill	$47.8M0.0%	$47.8M0.0%	$47.8M0.0%	$47.8M0.0%	$47.8M0.0%	$47.8M0.0%	$47.8M0.0%	$47.8M
Total Liabilities	$537.8M+10.2%	$487.8M-13.7%	$565.2M+8.2%	$522.4M+2.5%	$509.6M+3.2%	$493.9M-1.8%	$502.9M-1.2%	$509.1M
Current Liabilities	$406.7M+7.4%	$378.6M-13.5%	$437.8M+27.5%	$343.3M+0.6%	$341.1M+1.6%	$335.8M-0.8%	$338.4M+1.1%	$334.7M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$240.1M+6.3%	$225.8M+5.8%	$213.4M+7.1%	$199.1M+10.4%	$180.4M+1.4%	$178.0M+2.6%	$173.5M-2.5%	$177.8M
Retained Earnings	$208.0M+5.7%	$196.7M+4.6%	$188.1M+2.8%	$182.9M+4.4%	$175.2M+3.5%	$169.3M+3.4%	$163.8M-5.1%	$172.6M

BBSI Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$10.1M+165.3%	-$15.5M+44.6%	-$27.9M-136.2%	$77.1M+10.5%	$69.8M-38.2%	$112.9M
Capital Expenditures	$14.2M+108.2%	$6.8M-21.0%	$8.6M-20.3%	$10.8M+90.1%	$5.7M+54.0%	$3.7M
Free Cash Flow	-$4.1M+81.7%	-$22.3M+39.1%	-$36.5M-155.1%	$66.3M+3.5%	$64.1M-41.3%	$109.2M
Investing Cash Flow	$38.8M+134.4%	-$112.9M-2825.5%	$4.1M-93.8%	$66.3M+268.5%	-$39.3M+87.9%	-$325.0M
Financing Cash Flow	-$41.1M-53.0%	-$26.9M-70.9%	-$15.7M-45.5%	-$10.8M-8.7%	-$9.9M-10.4%	-$9.0M
Dividends Paid	$8.1M-10.8%	$9.1M-0.6%	$9.1M+11.1%	$8.2M+11.7%	$7.3M+1.0%	$7.3M
Share Buybacks	$29.1M+68.5%	$17.3M+114.6%	$8.1M	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Operating Cash Flow	N/A	N/A	$5.2M	N/A	N/A	N/A	-$26.5M	N/A
Capital Expenditures	N/A	N/A	$4.5M	N/A	N/A	N/A	$3.0M	N/A
Free Cash Flow	N/A	N/A	$697K	N/A	N/A	N/A	-$29.5M	N/A
Investing Cash Flow	N/A	N/A	-$32.0M	N/A	N/A	N/A	-$2.0M	N/A
Financing Cash Flow	N/A	N/A	-$12.8M	N/A	N/A	N/A	-$10.8M	N/A
Dividends Paid	N/A	N/A	$2.1M	N/A	N/A	N/A	$2.1M	N/A
Share Buybacks	N/A	N/A	$9.2M	N/A	N/A	N/A	$8.0M	N/A

BBSI Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	22.1%+0.7pp	21.4%+0.6pp	20.8%-1.3pp	22.1%+2.3pp	19.8%+2.6pp	17.2%
Operating Margin	5.2%+0.6pp	4.6%+0.5pp	4.1%-1.3pp	5.4%+1.4pp	3.9%+0.7pp	3.3%
Net Margin	4.6%+0.6pp	4.0%+0.2pp	3.8%-1.3pp	5.1%+1.1pp	4.0%+1.3pp	2.7%
Return on Equity	23.9%+5.7pp	18.3%+1.2pp	17.0%-11.1pp	28.1%-3.9pp	32.0%+3.6pp	28.3%
Return on Assets	7.1%+2.0pp	5.1%+0.7pp	4.4%-1.2pp	5.6%+0.6pp	5.0%+1.3pp	3.7%
Current Ratio	1.32+0.0	1.29-0.1	1.40+0.2	1.24+0.3	0.98+0.0	0.96
Debt-to-Equity	2.37-0.2	2.58+2.6	0.020.0	0.02-0.0	0.03-0.0	0.05
FCF Margin	-0.4%+2.0pp	-2.3%+1.8pp	-4.2%-11.2pp	7.0%+0.2pp	6.8%-5.1pp	11.9%

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Gross Margin	24.1%+0.3pp	23.8%+9.2pp	14.6%-9.1pp	23.7%-1.3pp	25.0%-0.3pp	25.3%+9.0pp	16.3%-6.0pp	22.3%
Operating Margin	7.8%+0.3pp	7.5%+8.9pp	-1.4%-8.0pp	6.6%-1.6pp	8.2%+0.0pp	8.1%+8.7pp	-0.5%-6.0pp	5.5%
Net Margin	6.5%+0.5pp	6.0%+6.3pp	-0.4%-5.6pp	5.3%-1.4pp	6.7%+0.2pp	6.4%+6.1pp	0.3%-3.9pp	4.2%
Return on Equity	8.6%+0.4pp	8.2%	N/A	7.3%-2.8pp	10.1%+0.5pp	9.6%+9.1pp	0.5%-6.0pp	6.5%
Return on Assets	2.6%+0.1pp	2.6%+2.7pp	-0.1%-2.1pp	2.0%-0.6pp	2.6%+0.1pp	2.5%+2.4pp	0.1%-1.6pp	1.7%
Current Ratio	1.27+0.0	1.25+0.0	1.21-0.1	1.30+0.1	1.250.0	1.24-0.1	1.33-0.0	1.36
Debt-to-Equity	2.24+0.1	2.16-0.5	2.65+0.0	2.62-0.2	2.82+0.0	2.78-0.1	2.90+0.0	2.86
FCF Margin	N/A	N/A	0.2%	N/A	N/A	N/A	-11.6%	N/A

Financial Health Signals

Financial Profile 44/100

Profitability

Growth

Leverage

Liquidity

Cash Flow

Returns

Based on FY2024 annual data. Scores normalized against common benchmarks.

Altman Z-Score Safe

3.28

Bankruptcy risk indicator. Above 2.99 = safe, below 1.81 = distress.

Piotroski F-Score Neutral

6/9

Financial strength trend (9 signals). 7-9 = strong, 0-3 = weak.

Earnings Quality Low Quality

0.19x

Operating cash flow vs net income. Above 1.0x = cash-backed earnings.

Interest Coverage Safe

335.8x

Operating income vs interest expense. Above 5x = safe, below 2x = risky.

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Frequently Asked Questions

What is Barrett Business Svcs Inc's annual revenue?

Barrett Business Svcs Inc (BBSI) reported $1.1B in total revenue for fiscal year 2024. This represents a 19.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Barrett Business Svcs Inc's revenue growing?

Barrett Business Svcs Inc (BBSI) revenue grew by 19.8% year-over-year, from $955.2M to $1.1B in fiscal year 2024.

Is Barrett Business Svcs Inc profitable?

Yes, Barrett Business Svcs Inc (BBSI) reported a net income of $53.0M in fiscal year 2024, with a net profit margin of 4.6%.

What is Barrett Business Svcs Inc's earnings per share (EPS)?

Barrett Business Svcs Inc (BBSI) reported diluted earnings per share of $1.98 for fiscal year 2024. This represents a -60.4% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Barrett Business Svcs Inc's EBITDA?

Barrett Business Svcs Inc (BBSI) had EBITDA of $67.4M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

What is Barrett Business Svcs Inc's gross margin?

Barrett Business Svcs Inc (BBSI) had a gross margin of 22.1% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is Barrett Business Svcs Inc's operating margin?

Barrett Business Svcs Inc (BBSI) had an operating margin of 5.2% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is Barrett Business Svcs Inc's net profit margin?

Barrett Business Svcs Inc (BBSI) had a net profit margin of 4.6% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

Does Barrett Business Svcs Inc pay dividends?

Yes, Barrett Business Svcs Inc (BBSI) paid $0.31 per share in dividends during fiscal year 2024.

What is Barrett Business Svcs Inc's return on equity (ROE)?

Barrett Business Svcs Inc (BBSI) has a return on equity of 23.9% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is Barrett Business Svcs Inc's free cash flow?

Barrett Business Svcs Inc (BBSI) generated -$4.1M in free cash flow during fiscal year 2024. This represents a 81.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Barrett Business Svcs Inc's operating cash flow?

Barrett Business Svcs Inc (BBSI) generated $10.1M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Barrett Business Svcs Inc's total assets?

Barrett Business Svcs Inc (BBSI) had $745.5M in total assets as of fiscal year 2024, including both current and long-term assets.

What are Barrett Business Svcs Inc's capital expenditures?

Barrett Business Svcs Inc (BBSI) invested $14.2M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

Does Barrett Business Svcs Inc buy back shares?

Yes, Barrett Business Svcs Inc (BBSI) spent $29.1M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.

How many shares does Barrett Business Svcs Inc have outstanding?

Barrett Business Svcs Inc (BBSI) had 26M shares outstanding as of fiscal year 2024.

What is Barrett Business Svcs Inc's current ratio?

Barrett Business Svcs Inc (BBSI) had a current ratio of 1.32 as of fiscal year 2024, which is considered adequate.

What is Barrett Business Svcs Inc's debt-to-equity ratio?

Barrett Business Svcs Inc (BBSI) had a debt-to-equity ratio of 2.37 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Barrett Business Svcs Inc's return on assets (ROA)?

Barrett Business Svcs Inc (BBSI) had a return on assets of 7.1% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Barrett Business Svcs Inc's Altman Z-Score?

Barrett Business Svcs Inc (BBSI) has an Altman Z-Score of 3.28, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress.

What is Barrett Business Svcs Inc's Piotroski F-Score?

Barrett Business Svcs Inc (BBSI) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals.

Are Barrett Business Svcs Inc's earnings high quality?

Barrett Business Svcs Inc (BBSI) has an earnings quality ratio of 0.19x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation.

Can Barrett Business Svcs Inc cover its interest payments?

Barrett Business Svcs Inc (BBSI) has an interest coverage ratio of 335.8x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline.

How financially healthy is Barrett Business Svcs Inc?

Barrett Business Svcs Inc (BBSI) scores 44 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks.