Kelly Services (KELYA) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Kelly Services

NasdaqGS•Industrials•Staffing & Employment Services

$16.52+0.26(0.02%)Market open

Market Cap

$584.35M

P/S

0.1x

P/B

0.6x

Kelly Services, Inc., together with its subsidiaries, provides workforce solutions to various industries in the Americas, Europe, Mexico, and the Asia-Pacific region. It operates in three segments: Enterprise Talent Management, Science, Engineering & Technology, and Education. The Enterprise Talent Management segment delivers temporary staffing, outcome-based, and permanent placement services providing administrative, accounting, and finance; light industrial; contact center staffing; and other workforce solutions. This segment also delivers talent solutions, including managed service provider, payroll process outsourcing, recruitment process outsourcing solutions, and executive coaching programs to customers on a global basis that includes its RocketPower and Sevenstep brands. The Science, Engineering & Technology segment offers temporary staffing, outcome-based, and permanent placement services in the areas of science and clinical research, engineering, technology, and telecommunications specialties. The Education segment provides staffing, permanent placement, and executive search services to pre-K-12 school districts and education organizations. It also offers Kelly Digital Infrastructure, providing digital infrastructure services, such as design and planning, build and deployment, operations and optimization, and workforce development and consulting. Kelly Services, Inc. was founded in 1946 and is headquartered in Troy, Michigan.

How this company scores

AverageMetricSide Score: 40/100

Strongest: Balance Sheet & Red Flags (16/25); weakest: Profitability (3/25).

Profitability3/25

Growth8/25

Balance Sheet & Red Flags16/25

Cash & Earnings Quality13/25

Strengths

Low leverageCash-backed earningsImproving marginsNo share dilution

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 16.9x5y range 5.1x – 561.0x

Currently near its 11-quarter median.

P/S · 0.1x5y range 0.1x – 0.2x

Currently near its 20-quarter median.

P/B · 0.6x5y range 0.3x – 0.6x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 4 quarters — monitor for earnings quality deterioration.

Price & Volume

Market Cap $584.35M

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $4.06B
Q. Revenue: $1.04B
TTM EBITDA: $-51.20M
TTM Op. Income: $-91.80M
Q. Op. Income: $16.10M
TTM Net Income: $-273.40M
Q. Net Income: $11.40M
EPS: $0.31
Shares Out.: $34.70M

$4.06B in TTM revenue declined 9.6% YoY, reaching $1.04B last quarter. TTM EBITDA of $-51.20M and TTM operating income of $-91.80M show growth is flowing through to the bottom line. However, net income is negative at $273.40M — growth is not yet reaching the bottom line. Across the last 8 quarters, TTM revenue has fallen for 4 consecutive quarters — a weakening trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 20.4%
EBITDA Margin: 2.5%
Op. Margin: 1.6%
Net Margin: 1.1%

Op. margin of 1.6% is down 0.5% YoY — costs are rising relative to revenue. Net margin at 1.1% and gross margin of 20.4% show how much of each revenue dollar survives to profit. Over the past year, operating margin is down 23% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: N/A
P/S Ratio: 0.1x
P/B Ratio: 0.6x

P/S of 0.1x and P/B of 0.6x. P/S is low relative to typical market levels.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $2.28B
Cash: $24.20M
Long-Term Debt: $78.10M
Book Value: $982.00M
D/E Ratio: 0.1
Debt/EBITDA: 3.0

With $2.28B in assets and $78.10M in long-term debt, D/E is 0.1and book value is $982.00M — a conservative capital structure with a cushion to weather downturns. Over the past year, debt/equity is up 36% — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $49.20M
TTM Free Cash Flow: $20.50M
FCF Margin: 0.5%
FCF / Net Income: -0.1

TTM FCF of $20.50M on $49.20M in operating cash flow. The FCF / Net Income ratio of -0.1x means the business consumes cash — it is not yet self-funding. Across the last 8 quarters, free cash flow has fallen for 2 consecutive quarters — a weakening trend.