TrueBlue Inc
TrueBlue, Inc., together with its subsidiaries, provides specialized workforce solutions in the United States, Canada, the United Kingdom, Australia, and Puerto Rico. It operates through three segments: PeopleReady, PeopleManagement, and PeopleScout. The PeopleReady segment provides general, industrial, and skilled trade contingent staffing services for construction, transportation, manufacturing… Read more
TrueBlue Inc (TBI) - Net Assets
Latest net assets as of September 2025: $304.34 Million USD
Based on the latest financial reports, TrueBlue Inc (TBI) has net assets worth $304.34 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($690.53 Million) and total liabilities ($386.19 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $304.34 Million |
| % of Total Assets | 44.07% |
| Annual Growth Rate | 13.26% |
| 5-Year Change | -27.87% |
| 10-Year Change | -42.69% |
| Growth Volatility | 92.75 |
TrueBlue Inc - Net Assets Trend (1995–2024)
This chart illustrates how TrueBlue Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for TrueBlue Inc (1995–2024)
The table below shows the annual net assets of TrueBlue Inc from 1995 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $315.36 Million | -31.13% |
| 2023-12-31 | $457.87 Million | -7.75% |
| 2022-12-31 | $496.31 Million | +0.66% |
| 2021-12-31 | $493.07 Million | +12.78% |
| 2020-12-31 | $437.19 Million | -30.16% |
| 2019-12-31 | $625.97 Million | +5.84% |
| 2018-12-31 | $591.44 Million | +6.59% |
| 2017-12-31 | $554.85 Million | +5.65% |
| 2016-12-31 | $525.18 Million | -4.56% |
| 2015-12-31 | $550.25 Million | +17.29% |
| 2014-12-31 | $469.12 Million | +19.26% |
| 2013-12-31 | $393.36 Million | +17.89% |
| 2012-12-31 | $333.67 Million | +13.66% |
| 2011-12-31 | $293.58 Million | -6.12% |
| 2010-12-31 | $312.71 Million | +9.56% |
| 2009-12-31 | $285.43 Million | +5.67% |
| 2008-12-31 | $270.13 Million | -4.83% |
| 2007-12-31 | $283.83 Million | -19.49% |
| 2006-12-31 | $352.52 Million | +1.12% |
| 2005-12-31 | $348.60 Million | +72.24% |
| 2004-12-31 | $202.39 Million | +31.31% |
| 2003-12-31 | $154.14 Million | +16.67% |
| 2002-12-31 | $132.11 Million | +10.37% |
| 2001-12-31 | $119.69 Million | +6.77% |
| 2000-12-31 | $112.10 Million | +0.81% |
| 1999-12-31 | $111.20 Million | +38.14% |
| 1998-12-31 | $80.50 Million | +38.79% |
| 1997-12-31 | $58.00 Million | +12.40% |
| 1996-12-31 | $51.60 Million | +504.83% |
| 1995-12-31 | $8.53 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to TrueBlue Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 57156.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $337.55 Million | 107.04% |
| Common Stock | $1.00K | 0.00% |
| Other Comprehensive Income | $-22.19 Million | -7.04% |
| Total Equity | $315.36 Million | 100.00% |
TrueBlue Inc Competitors by Market Cap
The table below lists competitors of TrueBlue Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
KOGENERACJA S.A. ZY 5
F:2ZO
|
$105.56 Million |
|
SMS Pharmaceuticals Limited
NSE:SMSPHARMA
|
$105.56 Million |
|
DUOL34
SA:DUOL34
|
$105.58 Million |
|
EUROCELL (WI) LS -001
F:6YQ
|
$105.59 Million |
|
SMARTOPTICS GRP AS NK-02
F:3YL
|
$105.49 Million |
|
Meteoric Resources NL
OTCGREY:METOF
|
$105.49 Million |
|
Altius Renewable Royalties Corp
OTCQX:ATRWF
|
$105.47 Million |
|
ECARX Holdings Inc. Class A Ordinary shares
NASDAQ:ECX
|
$105.44 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in TrueBlue Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 457,873,000 to 315,359,000, a change of -142,514,000 (-31.1%).
- Net loss of 125,748,000 reduced equity.
- Share repurchases of 23,618,000 reduced equity.
- Other comprehensive income decreased equity by 1,481,000.
- Other factors increased equity by 8,333,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-125.75 Million | -39.87% |
| Share Repurchases | $23.62 Million | -7.49% |
| Other Comprehensive Income | $-1.48 Million | -0.47% |
| Other Changes | $8.33 Million | +2.64% |
| Total Change | $- | -31.13% |
Book Value vs Market Value Analysis
This analysis compares TrueBlue Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.35x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 12.59x to 0.35x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1995-12-31 | $0.29 | $3.62 | x |
| 1996-12-31 | $1.41 | $3.62 | x |
| 1997-12-31 | $1.40 | $3.62 | x |
| 1998-12-31 | $2.02 | $3.62 | x |
| 1999-12-31 | $2.55 | $3.62 | x |
| 2000-12-31 | $2.64 | $3.62 | x |
| 2001-12-31 | $2.94 | $3.62 | x |
| 2002-12-31 | $3.16 | $3.62 | x |
| 2003-12-31 | $3.03 | $3.62 | x |
| 2004-12-31 | $3.87 | $3.62 | x |
| 2005-12-31 | $6.48 | $3.62 | x |
| 2006-12-31 | $6.67 | $3.62 | x |
| 2007-12-31 | $6.18 | $3.62 | x |
| 2008-12-31 | $6.27 | $3.62 | x |
| 2009-12-31 | $6.64 | $3.62 | x |
| 2010-12-31 | $7.18 | $3.62 | x |
| 2011-12-31 | $6.94 | $3.62 | x |
| 2012-12-31 | $8.37 | $3.62 | x |
| 2013-12-31 | $9.71 | $3.62 | x |
| 2014-12-31 | $11.39 | $3.62 | x |
| 2015-12-31 | $13.22 | $3.62 | x |
| 2016-12-31 | $12.61 | $3.62 | x |
| 2017-12-31 | $13.39 | $3.62 | x |
| 2018-12-31 | $14.69 | $3.62 | x |
| 2019-12-31 | $15.98 | $3.62 | x |
| 2020-12-31 | $12.36 | $3.62 | x |
| 2021-12-31 | $13.92 | $3.62 | x |
| 2022-12-31 | $14.84 | $3.62 | x |
| 2023-12-31 | $14.62 | $3.62 | x |
| 2024-12-31 | $10.45 | $3.62 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently TrueBlue Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -39.87%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -8.02%
- • Asset Turnover: 2.32x
- • Equity Multiplier: 2.14x
- Recent ROE (-39.87%) is below the historical average (8.18%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1995 | 24.17% | 21.85% | 0.36x | 3.07x | $1.21 Million |
| 1996 | 1.36% | 0.43% | 2.54x | 1.25x | $-4.46 Million |
| 1997 | 12.07% | 2.09% | 4.17x | 1.39x | $1.20 Million |
| 1998 | 24.60% | 3.26% | 4.64x | 1.62x | $11.75 Million |
| 1999 | 20.77% | 2.71% | 4.88x | 1.57x | $11.98 Million |
| 2000 | 8.97% | 1.03% | 4.75x | 1.83x | $-1.15 Million |
| 2001 | 7.70% | 1.00% | 4.28x | 1.79x | $-2.75 Million |
| 2002 | 8.77% | 1.34% | 2.72x | 2.40x | $-1.63 Million |
| 2003 | 11.37% | 1.97% | 2.45x | 2.36x | $2.12 Million |
| 2004 | 17.94% | 3.48% | 2.35x | 2.19x | $16.07 Million |
| 2005 | 17.79% | 5.02% | 2.16x | 1.64x | $27.16 Million |
| 2006 | 21.69% | 5.67% | 2.28x | 1.68x | $41.22 Million |
| 2007 | 23.32% | 4.78% | 2.54x | 1.92x | $37.82 Million |
| 2008 | -1.54% | -0.30% | 2.66x | 1.92x | $-31.17 Million |
| 2009 | 3.08% | 0.86% | 1.97x | 1.82x | $-19.75 Million |
| 2010 | 6.34% | 1.73% | 2.10x | 1.75x | $-11.43 Million |
| 2011 | 10.49% | 2.34% | 2.35x | 1.91x | $1.43 Million |
| 2012 | 10.08% | 2.42% | 2.31x | 1.80x | $261.60K |
| 2013 | 11.42% | 2.69% | 2.32x | 1.83x | $5.59 Million |
| 2014 | 14.00% | 3.02% | 2.04x | 2.27x | $18.76 Million |
| 2015 | 12.95% | 2.64% | 2.09x | 2.34x | $16.22 Million |
| 2016 | -2.90% | -0.55% | 2.43x | 2.15x | $-67.77 Million |
| 2017 | 9.99% | 2.21% | 2.26x | 2.00x | $-28.70K |
| 2018 | 11.12% | 2.63% | 2.24x | 1.88x | $6.61 Million |
| 2019 | 10.08% | 2.66% | 2.08x | 1.82x | $475.70K |
| 2020 | -32.44% | -7.68% | 1.88x | 2.24x | $-185.56 Million |
| 2021 | 12.50% | 2.84% | 2.10x | 2.10x | $12.33 Million |
| 2022 | 12.55% | 2.76% | 2.21x | 2.05x | $12.64 Million |
| 2023 | -3.10% | -0.74% | 2.12x | 1.96x | $-59.96 Million |
| 2024 | -39.87% | -8.02% | 2.32x | 2.14x | $-157.28 Million |
Industry Comparison
This section compares TrueBlue Inc's net assets metrics with peer companies in the Staffing & Employment Services industry.
Industry Context
- Industry: Staffing & Employment Services
- Average net assets among peers: $7,279,242,170
- Average return on equity (ROE) among peers: 3.77%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| TrueBlue Inc (TBI) | $304.34 Million | 24.17% | 1.27x | $105.53 Million |
| Adecco Group AG (AHEXF) | $3.58 Billion | 22.00% | 1.76x | $4.69 Billion |
| Atlantic International Corp. Common Stock (ATLN) | $-3.85 Million | 0.00% | 0.00x | $39.17 Million |
| Barrett Business Services Inc (BBSI) | $100.13 Million | -4.76% | 0.72x | $199.53 Million |
| BG Staffing Inc (BGSF) | $85.54 Million | -11.95% | 1.09x | $39.55 Million |
| Open Up Group Inc. (BNXYF) | $64.72 Billion | -41.91% | 0.64x | $871.90 Million |
| Career Design Center Co. Ltd. (CAEEF) | $3.93 Billion | 29.57% | 1.03x | $33.99 Million |
| CTPartners Executive Search Inc (CTPR) | $22.75 Million | 14.53% | 3.06x | $0.97 |
| The Caldwell Partners International Inc (CWLPF) | $34.97 Million | 7.33% | 1.31x | $16.39 Million |
| en-japan inc. (ENJPY) | $320.45 Million | 22.92% | 0.41x | $190.42 Million |
| Futuris Company (FTRS) | $-3.97 Million | 0.00% | 0.00x | $135.30 |