Robert Half International Inc.
- Open
- 41.35
- Day high
- 42.17
- Day low
- 40.53
- Prev close
- 41.80
- Volume
- 1.8M
- Mkt cap
- $4.3B
- P/E (TTM)
- 32.2
- EPS (TTM)
- $1.30
- P/B
- 3.5
- P/S
- 0.8
- Yield
- 5.64%
- Per share
- $2.36
Robert Half International Inc. (RHI) is a Industrials company listed on NYSE. The stock is down 0% over the past year.
Robert Half International Inc. (RHI) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 2 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
RHI earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 23, 2026 | $0.14 | $0.14 | +0.0% | $1.3B | -0.1% |
| Jan 29, 2026 | $0.30 | $0.32 | +6.7% | $1.3B | +1.1% |
| Oct 22, 2025 | $0.43 | $0.43 | +0.0% | $1.4B | +4.9% |
| Jul 23, 2025 | $0.40 | $0.41 | +2.5% | $1.4B | -0.3% |
| Apr 23, 2025 | $0.36 | $0.17 | -52.8% | $1.4B | -7.4% |
| Jan 29, 2025 | $0.55 | $0.53 | -3.6% | $1.4B | -0.3% |
| Oct 22, 2024 | $0.62 | $0.64 | +3.2% | $1.5B | +5.6% |
| Jul 24, 2024 | $0.71 | $0.66 | -7.0% | $1.5B | -1.9% |
| Apr 25, 2024 | $0.61 | $0.61 | +0.0% | $1.5B | -0.8% |
| Jan 30, 2024 | $0.82 | $0.83 | +1.2% | $1.5B | +0.5% |
| Jul 25, 2023 | $1.14 | $1.00 | -12.3% | $1.6B | -3.0% |
| Jan 26, 2023 | $1.36 | $1.37 | +0.7% | $1.7B | -0.6% |
RHI insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| May 14, 2026 | Coronado Julia Lynndirector | Grant | 10,803 | — |
| May 14, 2026 | Barsten Janadirector | Grant | 10,803 | — |
| May 14, 2026 | Wilking Marnie Hussdirector | Grant | 10,803 | — |
| May 14, 2026 | Pace Robert Jdirector | Grant | 10,803 | — |
| May 14, 2026 | Richman Frederick Adirector | Grant | 10,803 | — |
| May 14, 2026 | Morial Marcdirector | Grant | 10,803 | — |
| Mar 25, 2026 | GENTZKOW PAUL Fofficer: Pres & CEO Talent Solutions | Grant | 2,164 | — |
| Mar 25, 2026 | BUCKLEY MICHAEL Cofficer: Executive Vice President & CFO | Grant | 845 | — |
| Mar 25, 2026 | MESSMER HAROLD M JRdirector, officer: Chairman | Tax | 5,896 | $24.82 |
| Mar 25, 2026 | BUCKLEY MICHAEL Cofficer: Executive Vice President & CFO | Tax | 10,549 | $24.82 |
| Mar 25, 2026 | MESSMER HAROLD M JRdirector, officer: Chairman | Grant | 44,319 | — |
| Mar 25, 2026 | WADDELL M KEITHdirector, officer: Chief Executive Officer | Tax | 33,120 | $24.82 |
| Mar 25, 2026 | GLASS ROBERT Wofficer: Executive Vice President | Grant | 20,145 | — |
| Mar 25, 2026 | WADDELL M KEITHdirector, officer: Chief Executive Officer | Grant | 177,276 | — |
| Mar 25, 2026 | MESSMER HAROLD M JRdirector, officer: Chairman | Grant | 649 | — |
Source: RHI SEC Form 4 filings, latest May 14, 2026. For informational purposes only — not investment advice.
See the full RHI insider & 13F page →Robert Half International Inc. company profile
Overview
Robert Half International Inc. (NYSE:RHI) is a leading global staffing and consulting services company founded in 1948 and headquartered in Menlo Park, California. The company has been publicly traded since 1980 and operates across North America, South America, Europe, Asia, and Australia. Robert Half has established itself as one of the world's largest specialized staffing firms, connecting skilled professionals with employers across various industries while also providing risk consulting and internal audit services through its Protiviti division.
Business
Robert Half operates in the staffing and employment services industry, which serves as an intermediary between job seekers and employers. The staffing industry addresses the fundamental challenge businesses face in finding qualified talent while providing professionals with employment opportunities that match their skills and career goals. The company operates through three primary business segments: 1. Temporary and Consultant Staffing (approximately 50% of revenue): This segment provides short-term contract professionals across specialized fields including accounting, finance, bookkeeping, administrative support, information technology, legal services, and creative/marketing roles. These temporary workers fill immediate business needs, cover for permanent employees, or provide specialized expertise for specific projects. 2. Permanent Placement Staffing (approximately 15% of revenue): This division focuses on recruiting and placing full-time employees in permanent positions. The company acts as a recruitment agency, identifying qualified candidates for client companies and facilitating the hiring process for roles ranging from entry-level to executive positions. 3. Risk Consulting and Internal Audit Services - Protiviti (approximately 35% of revenue): Protiviti provides consulting services focused on internal audit, technology consulting, risk management, regulatory compliance, and business performance improvement. This division serves large corporations and government entities, helping them navigate complex regulatory environments and improve operational efficiency. The staffing industry serves as a critical labor market function, providing flexibility for both employers and workers. For employers, staffing services offer access to pre-screened talent, reduced hiring costs, and workforce flexibility during economic uncertainty. For workers, these services provide access to job opportunities, skill development, and potential pathways to permanent employment.
Revenue model
Robert Half generates revenue through multiple business models depending on the service segment: Temporary Staffing Revenue Model: The company charges clients an hourly bill rate for temporary workers, which includes the worker's wage plus a markup that covers Robert Half's costs and profit margin. This markup typically ranges from 30-60% above the worker's hourly wage, depending on skill level and market conditions. Revenue is recognized as services are provided, creating a recurring revenue stream for the duration of each assignment. Permanent Placement Revenue Model: For permanent placements, Robert Half charges a one-time fee typically calculated as a percentage of the placed candidate's first-year salary, usually ranging from 15-25%. This creates lumpy revenue that depends on successful placements and the salary levels of placed candidates. Protiviti Consulting Revenue Model: The consulting division operates on a project-based fee structure, charging clients for professional services delivered by consultants. Revenue is typically based on hourly rates for consultant time, with rates varying based on seniority and specialization. The company's margins are influenced by several key factors. Positive margin drivers include tight labor markets that allow for higher bill rates, a shift toward higher-skilled placements that command premium pricing, successful contract-to-hire conversions that generate both temporary and placement fees, and operational leverage from technology investments that improve recruiter productivity. Negative margin pressures come from economic uncertainty that reduces client demand, competitive pricing pressure in commoditized roles, wage inflation that compresses spreads between bill rates and pay rates, and the need to maintain recruiter capacity during downturns to capture future growth. The business model is inherently cyclical, with performance closely tied to overall economic conditions, employment levels, and business confidence. During strong economic periods, companies increase hiring and are willing to pay premium rates for talent, while economic uncertainty typically leads to reduced staffing budgets and delayed hiring decisions.
Competitive moat
Robert Half's competitive moat is moderate but faces ongoing challenges in an increasingly commoditized industry. The company's primary competitive advantages stem from its established brand recognition and decades-long relationships with both clients and candidates. As one of the largest staffing firms globally, Robert Half benefits from scale economies in recruitment, training, and technology investments that smaller competitors cannot easily replicate. The company has built specialized expertise in higher-skilled professional roles, particularly in accounting, finance, technology, and legal services, which command higher margins than general administrative staffing. This specialization creates some barriers to entry, as competitors need deep industry knowledge and established talent networks to effectively compete. Geographic reach and infrastructure provide another defensive element, with Robert Half's global presence allowing it to serve multinational clients and access diverse talent pools. The company's investment in technology and AI-enhanced recruitment tools also provides some operational advantages. However, the moat is not particularly strong. The staffing industry has relatively low barriers to entry, with numerous regional and specialized competitors able to compete effectively in local markets. Technology disruption poses a significant threat, as online job platforms, AI-powered matching services, and direct-hire platforms could potentially disintermediate traditional staffing services. The rise of remote work has also expanded the competitive landscape by allowing companies to access talent globally without relying on local staffing firms. Pricing pressure remains constant, particularly in lower-skilled roles where services are increasingly commoditized. Large corporate clients often negotiate aggressively on rates and may prefer to work with multiple staffing providers to ensure competitive pricing. The consulting business through Protiviti faces competition from major consulting firms and specialized boutiques, limiting pricing power in that segment as well.
Risks & safety
Robert Half maintains a solid financial position with moderate margin of safety, though recent performance has been pressured by economic headwinds. Liquidity and Solvency: - Strong cash position of $342 million as of Q1 2025 - Current ratio of 1.65x indicates adequate short-term liquidity - Debt-to-equity ratio of 0.18x shows conservative capital structure - Negative free cash flow of -$72 million in Q1 2025 raises some concern, though this appears cyclical Valuation Metrics: - P/E ratio of 79x based on recent quarterly earnings appears elevated - EV/EBITDA of 22x suggests rich valuation relative to cyclical trough earnings - Price-to-book ratio of 4.2x indicates premium to book value - Graham number of $7.11 suggests potential overvaluation at current price of $45.41 Other Considerations: - Revenue declining for multiple consecutive quarters creates earnings pressure - Operating leverage means margins compress significantly during downturns - Dividend sustainability depends on return to profitability growth - Business model's cyclical nature requires careful timing for investment
Recent development
Over the past few years, Robert Half has implemented several strategic initiatives to navigate challenging market conditions and position for future growth. The company has made significant investments in artificial intelligence and technology to enhance recruiter productivity and improve candidate matching capabilities. These AI-powered tools help recruiters identify qualified candidates more efficiently and provide better matching services to clients. Cost management has been a key focus, with the company implementing approximately $80 million in annual cost reductions while maintaining revenue-producing roles. This approach allows Robert Half to preserve capacity for future growth while managing through the current economic downturn. The company has maintained its recruiter headcount despite revenue declines, positioning itself to capture upside when market conditions improve. Protiviti's expansion has been a bright spot, with the consulting division achieving growth even during challenging periods. The company has strengthened Protiviti's capabilities in regulatory risk and compliance, anti-money laundering services, and technology consulting. This diversification provides some stability during staffing market downturns. The company has also focused on moving up the skill curve, emphasizing higher-skilled placements in technology, finance, and specialized professional roles that command premium pricing. This strategic shift helps differentiate Robert Half from competitors focused on lower-skilled, more commoditized staffing services. Geographic optimization includes transitioning the Mainland China operations to an independently owned member firm model, allowing the company to focus resources on higher-return markets while maintaining a presence in China through a partnership structure.
RHI company profile · for informational purposes only — not investment advice.
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