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Barrett Business Services, Inc.NasdaqGS:BBSI Stock Report

Market Cap US$810.5m
Share Price
US$33.00
US$42.25
21.9% undervalued intrinsic discount
1Y-21.6%
7D-2.3%
1D
Portfolio Value
View

Barrett Business Services, Inc.

NasdaqGS:BBSI Stock Report

Market Cap: US$810.5m

Barrett Business Services (BBSI) Stock Overview

Provides business management solutions for small and mid-sized companies in the United States. More details

BBSI fundamental analysis
Snowflake Score
Valuation3/6
Future Growth3/6
Past Performance2/6
Financial Health6/6
Dividends4/6

BBSI Community Fair Values

Create Narrative

See what 9 others think this stock is worth. Follow their fair value or set your own to get alerts.

Barrett Business Services, Inc. Competitors

Price History & Performance

Summary of share price highs, lows and changes for Barrett Business Services
Historical stock prices
Current Share PriceUS$33.00
52 Week HighUS$49.65
52 Week LowUS$25.33
Beta0.96
1 Month Change10.48%
3 Month Change19.48%
1 Year Change-21.62%
3 Year Change45.23%
5 Year Change75.02%
Change since IPO4,773.85%

Recent News & Updates

Narrative Update Jun 01

BBSI: Future Upside Will Rely On Buybacks Despite 2026 Tax Headwind

Analysts have trimmed their price target on Barrett Business Services to $42.25, reflecting slight adjustments to the discount rate, revenue growth, profit margin, and a lower assumed future P/E multiple. What's in the News From January 1, 2026 to March 31, 2026, Barrett Business Services repurchased 700,926 shares, or 2.78% of its stock, for US$20.11 million.
Narrative Update Apr 26

BBSI: Future Upside Will Depend On Expanding Worksite Employees Despite 2026 Margin Pressure

Analysts have nudged their average price target on Barrett Business Services slightly lower to about $42, trimming prior targets in response to Q4 revenue that came in just below forecasts and caution around slower billings growth, margin pressure into 2026, and softer client hiring trends. Analyst Commentary Recent research updates on Barrett Business Services point to a mixed setup, with analysts weighing solid recent billings and employee trends against a more cautious outlook for growth and margins into 2026.

Recent updates

Narrative Update Jun 01

BBSI: Future Upside Will Rely On Buybacks Despite 2026 Tax Headwind

Analysts have trimmed their price target on Barrett Business Services to $42.25, reflecting slight adjustments to the discount rate, revenue growth, profit margin, and a lower assumed future P/E multiple. What's in the News From January 1, 2026 to March 31, 2026, Barrett Business Services repurchased 700,926 shares, or 2.78% of its stock, for US$20.11 million.
Narrative Update Apr 26

BBSI: Future Upside Will Depend On Expanding Worksite Employees Despite 2026 Margin Pressure

Analysts have nudged their average price target on Barrett Business Services slightly lower to about $42, trimming prior targets in response to Q4 revenue that came in just below forecasts and caution around slower billings growth, margin pressure into 2026, and softer client hiring trends. Analyst Commentary Recent research updates on Barrett Business Services point to a mixed setup, with analysts weighing solid recent billings and employee trends against a more cautious outlook for growth and margins into 2026.
Narrative Update Apr 11

BBSI: Future Upside Will Rely On Expanding Worksite Employee Base

Analyst price targets for Barrett Business Services have been revised down to a range centered around $41 to $42. This reflects analyst views that slower billings growth, softer client hiring and anticipated gross margin pressure temper the outlook compared with prior expectations.
Narrative Update Mar 27

BBSI: Future Upside Will Depend On Sustained Worksite Employee Momentum

Narrative Update: Barrett Business Services The consolidated analyst price target for Barrett Business Services has been reduced by around $8 to $9 per share, as analysts point to slower billings growth, pressure on gross margins into 2026, and softer client hiring despite year-over-year gains in Q4 revenue and worksite employees. Analyst Commentary Street research on Barrett Business Services highlights a mix of optimism about the company’s positioning and caution around growth and margin pressures.
Narrative Update Mar 13

BBSI: Future Upside Will Rely On Worksite Employee Expansion

Our analyst price target for Barrett Business Services is now $42.25, down from $48. This reflects Street analysts' lower targets in the $41 to $42 range as they factor in slower billings growth, pressure on gross margins and softer client hiring trends.
Narrative Update Feb 26

BBSI: Future Earnings Power Will Depend On Worksite Employee Expansion

Analysts have trimmed their average price target on Barrett Business Services by $3.50 to reflect slower expected revenue growth, some pressure on margins and lower assumed future P/E multiples, even as recent research still points to ongoing interest in the stock. Analyst Commentary Recent research on Barrett Business Services reflects a mix of optimism about the company’s execution and caution around the setup for growth and profitability, which is showing up directly in revised price targets.
Analysis Article Feb 12

At US$32.05, Is It Time To Put Barrett Business Services, Inc. (NASDAQ:BBSI) On Your Watch List?

Barrett Business Services, Inc. ( NASDAQ:BBSI ), might not be a large cap stock, but it saw significant share price...
Analysis Article Dec 13

Subdued Growth No Barrier To Barrett Business Services, Inc.'s (NASDAQ:BBSI) Price

It's not a stretch to say that Barrett Business Services, Inc.'s ( NASDAQ:BBSI ) price-to-earnings (or "P/E") ratio of...
Analysis Article Nov 09

Barrett Business Services (NASDAQ:BBSI) Is Due To Pay A Dividend Of $0.08

The board of Barrett Business Services, Inc. ( NASDAQ:BBSI ) has announced that it will pay a dividend on the 5th of...
Seeking Alpha Oct 20

Barrett Business Services: Idiosyncratic Profile Offers More Growth

Summary Barrett Business Services, Inc. has an idiosyncratic profile and is achieving good growth by entry into new markets despite some pressures on overall hiring. They've been doing a good job of reducing benefits claims and driving billings growth in their geographies, as well as keeping SG&A under control. A $100 million buyback (nearly 10% of market cap) signals BBSI management's confidence in the stock valuation, which is below lower growth and larger peers. But payroll taxes are inching upwards and so are benefit costs, though this can be passed on with pricing PEO plans, but job market wobbles are a concern for trajectory. Read the full article on Seeking Alpha
Analysis Article Aug 15

Concerns Surrounding Barrett Business Services' (NASDAQ:BBSI) Performance

NasdaqGS:BBSI 1 Year Share Price vs Fair Value Explore Barrett Business Services's Fair Values from the Community and...
Narrative Update Aug 08

HR Outsourcing And Geographic Expansion Will Widen Market Presence

Barrett Business Services’ fair value estimate has increased as analysts anticipate stronger revenue growth and a modestly higher forward P/E, driving the consensus price target up from $46.75 to $51.50. What's in the News Barrett Business Services completed a $100 million share repurchase program, buying back a total of 1,919,334 shares (7.41% of shares outstanding) under the plan announced in August 2023.
Analysis Article May 11

Barrett Business Services, Inc. (NASDAQ:BBSI) Just Reported First-Quarter Earnings: Have Analysts Changed Their Mind On The Stock?

Barrett Business Services, Inc. ( NASDAQ:BBSI ) defied analyst predictions to release its quarterly results, which were...
Analysis Article Mar 01

Barrett Business Services, Inc. (NASDAQ:BBSI) Just Reported Full-Year Earnings: Have Analysts Changed Their Mind On The Stock?

Barrett Business Services, Inc. ( NASDAQ:BBSI ) last week reported its latest annual results, which makes it a good...
Analysis Article Feb 22

If EPS Growth Is Important To You, Barrett Business Services (NASDAQ:BBSI) Presents An Opportunity

Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...
Analysis Article Nov 14

We Think You Should Be Aware Of Some Concerning Factors In Barrett Business Services' (NASDAQ:BBSI) Earnings

The market for Barrett Business Services, Inc.'s ( NASDAQ:BBSI ) stock was strong after it released a healthy earnings...
Analysis Article Nov 07

Why Barrett Business Services, Inc. (NASDAQ:BBSI) Could Be Worth Watching

Barrett Business Services, Inc. ( NASDAQ:BBSI ), might not be a large cap stock, but it saw a double-digit share price...
User avatar
New Narrative Sep 24

Decisive Expansions And Innovative Health Insurance Offerings Set To Boost Growth And Client Base

Expansion into new markets with an asset-light model and launching BBSI benefits with Kaiser Permanente highlights strategic growth and competitive edge.
Analysis Article Sep 07

Barrett Business Services (NASDAQ:BBSI) Shareholders Will Want The ROCE Trajectory To Continue

If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. In a perfect...
Analysis Article May 07

Barrett Business Services' (NASDAQ:BBSI) Dividend Will Be $0.30

Barrett Business Services, Inc.'s ( NASDAQ:BBSI ) investors are due to receive a payment of $0.30 per share on 31st of...
Analysis Article May 04

Analysts Have Made A Financial Statement On Barrett Business Services, Inc.'s (NASDAQ:BBSI) First-Quarter Report

As you might know, Barrett Business Services, Inc. ( NASDAQ:BBSI ) recently reported its first-quarter numbers...
Analysis Article Mar 03

Barrett Business Services' (NASDAQ:BBSI) Dividend Will Be $0.30

Barrett Business Services, Inc.'s ( NASDAQ:BBSI ) investors are due to receive a payment of $0.30 per share on 28th of...
Analysis Article Mar 01

Some Confidence Is Lacking In Barrett Business Services, Inc.'s (NASDAQ:BBSI) P/E

With a median price-to-earnings (or "P/E") ratio of close to 16x in the United States, you could be forgiven for...

Shareholder Returns

BBSIUS Professional ServicesUS Market
7D-2.3%-3.6%-2.5%
1Y-21.6%-22.0%22.7%

Return vs Industry: BBSI exceeded the US Professional Services industry which returned -22.9% over the past year.

Return vs Market: BBSI underperformed the US Market which returned 22.8% over the past year.

Price Volatility

Is BBSI's price volatile compared to industry and market?
BBSI volatility
BBSI Average Weekly Movement4.0%
Professional Services Industry Average Movement7.7%
Market Average Movement7.2%
10% most volatile stocks in US Market16.6%
10% least volatile stocks in US Market3.1%

Stable Share Price: BBSI has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: BBSI's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1965141,802Gary Kramerwww.bbsi.com

Barrett Business Services, Inc. provides business management solutions for small and mid-sized companies in the United States. It develops a management platform that integrates a knowledge-based approach from the management consulting industry with tools from the human resource outsourcing industry. The company also offers professional employer services under which it enters into a client services agreement to establish a co-employment relationship with each client company, assuming responsibility for payroll, payroll taxes, workers compensation coverage, and other administration functions for the client’s existing workforce.

Barrett Business Services, Inc. Fundamentals Summary

How do Barrett Business Services's earnings and revenue compare to its market cap?
BBSI fundamental statistics
Market capUS$810.47m
Earnings (TTM)US$40.67m
Revenue (TTM)US$1.25b
19.9x
P/E Ratio
0.6x
P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
BBSI income statement (TTM)
RevenueUS$1.25b
Cost of RevenueUS$993.26m
Gross ProfitUS$261.47m
Other ExpensesUS$220.81m
EarningsUS$40.67m

Last Reported Earnings

Mar 31, 2026

Next Earnings Date

n/a

Earnings per share (EPS)1.66
Gross Margin20.84%
Net Profit Margin3.24%
Debt/Equity Ratio0%

How did BBSI perform over the long term?

See historical performance and comparison

Dividends

1.0%
Current Dividend Yield
20%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/08 04:09
End of Day Share Price 2026/06/05 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Barrett Business Services, Inc. is covered by 4 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Vincent ColicchioBarrington Research Associates, Inc.
Christopher MooreCJS Securities, Inc.
Jeffrey MartinRoth Capital Partners