Robert Half International Inc.

Robert Half International Inc.

RHIยทNYSE

$29.56

-4.6%
IndustrialsStaffing & Employment Services

Robert Half International Inc. provides staffing and risk consulting services in North America, South America, Europe, Asia, and Australia. The company operates through three segments: Temporary and Consultant Staffing, Permanent Placement Staffing, and Risk Consulting and Internal Audit Services. It places temporary services for accounting, finance, and bookkeeping; temporary and full-time office and administrative personnel consisting of executive and administrative assistants, receptionists, and customer service representatives; full-time accounting, financial, tax, and accounting operations personnel; and information technology contract professionals and full-time employees in the areas of platform systems integration to end-user technical and desktop support, including specialists in application development, networking and cloud, systems integration and deployment, database design and administration, and security and business continuity. The company also offers temporary and full-time employees in attorney, paralegal, legal administrative, and legal secretarial positions; and senior-level project professionals in the accounting and finance fields for financial systems conversions, expansion into new markets, business process re-engineering, business systems performance improvement, and post-merger financial consolidation. It is involved in serving professionals in the areas of creative, design, marketing, advertising, and public relations; and placing various positions, such as creative directors, graphics designers, web designers, media buyers, front end developers, copywriters, digital marketing managers, marketing analytics specialists, brand managers, and public relations specialists. The company provides internal audit, technology consulting, risk and compliance consulting, and business performance services. It serves clients and employment candidates. Robert Half International Inc. was founded in 1948 and is headquartered in Menlo Park, California.

At a Glance

Live Snapshot
Market Cap$3.02B
EPS1.3300
P/E Ratio22.23
Earnings Date07/22/2026

Intrinsic Alpha Methodology

Thesis Lenses

Signal ยท Driver ยท Risk

Signal

High confidence

Valuation multiple is mid-range (P/E 22.2).

Valuation inputs: P/E 22.2, earnings yield +4.5%, momentum -4.6%.

If multiples stay elevated while momentum fades, downside repricing risk rises.

Driver

High confidence

Return profile is soft (ROE +10.4%, ROIC +3.4%).

Profitability stack: net margin +2.5%, ROE +10.4%, ROIC +3.4%.

Quality deterioration often appears in margins before it shows up in headline EPS.

Risk

High confidence

Risk profile is balanced but has notable pressure points to monitor.

Risk factors: liabilities/assets +55.3%, momentum -4.6%, net margin +2.5%.

Higher leverage with weak momentum and thin margins can amplify drawdown severity.

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Robert Half International Inc. Market vs Earnings Trajectory

RHI ยท NYSE

Loading price and EPS data...

Robert Half International Inc.

Robert Half International Inc. Fair Value Envelope

RHI ยท NYSE

Our analysis suggests that RHI has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $29.56, this represents a potential HIDDEN relative to our calculated worth for Robert Half International Inc..

Intrinsic Value
Current Price: $29.56
3Y-78.0%
5Y-51.0%
10Y-50.0%
3Y-26.0%
5Y+5.0%
10Y+2.0%
3Y-80.0%
5Y-57.0%
10Y-61.0%
3Y-53.0%
5Y-46.0%
10Y-28.0%
3Y-57.0%
5Y-53.0%
10Y-26.0%
3Y-4.0%
5Y+12.0%
10Y+61.0%
Robert Half International Inc.

Robert Half International Inc. Profit Bridge

RHI ยท NYSE
Revenue5.38B
Cost of Goods Sold (3.38B)
Gross Profit2.00B
Operating Expenses (1.93B)
Operating Income76.46M
Interest Expense (0.00)
Other Income/Expense117.89M
Pretax Income194.35M
Income Tax (61.36M)
Net Income132.99M
Net Income
132.99M

Profitability Analysis

Gross Margin

37.2%

Strong gross margins indicate healthy pricing and efficient production or service delivery.

Operating Margin

1.4%

Minimal operating profit suggests high operating costs or pricing challenges. Scalability is concerning.

Net Profit Margin

2.5%

Minimal profitability after all expenses. Limited financial flexibility for reinvestment or shareholder returns.

Effective Tax Rate

31.6%

Higher tax burden may reflect limited tax optimization or operations in high-tax jurisdictions.

Profitability Insight

Margin squeeze alert: Healthy gross margins but weak operating margins suggest excessive operating expenses. Cost optimization could unlock significant value.

37.23%
Gross Profit Margin
-4%
3Y-13.0%
5Y-5.0%
10Y-10.0%
1.42%
Operating Profit Margin
-66%
3Y-89.0%
5Y-79.0%
10Y-87.0%
2.47%
Net Profit Margin
-43%
3Y-73.0%
5Y-59.0%
10Y-62.0%
10.42%
Return on Equity
-43%
3Y-75.0%
5Y-59.0%
10Y-67.0%
4.66%
Return on Assets
-47%
3Y-79.0%
5Y-61.0%
10Y-76.0%
3.39%
Return on Invested Capital
-67%
3Y-91.0%
5Y-79.0%
10Y-89.0%
RHI

Robert Half International Inc. Cash Conversion Engine

RHI ยท NYSE
Net Income132.99M
Depreciation & Amortization81.63M
Stock-Based Compensation0.00
Change in Working Capital98.81M
Others-16.30M
Capital Expenditures-53.16M
Free Cash Flow266.81M

Cash Flow Quality Analysis

FCF Conversion Rate

200.6%

Excellent cash generation. The company converts earnings to cash at or above 100%, indicating high-quality earnings.

CapEx Intensity

16.6%

Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.

FCF Growth Trend

-24.7%

Significant FCF decline raises concerns. Urgent review needed of operational performance and capital allocation.

Working Capital Impact

+$98.81M

Working capital inflow boosted cash flow. Efficient management of receivables, inventory, and payables contributing positively.

Cash Flow Quality Insight

Asset-light with strong cash conversion: Low capital requirements combined with efficient cash generation creates significant shareholder value through dividends, buybacks, or strategic investments.

rhi

Robert Half International Inc. Funding & Solvency Profile

RHI ยท NYSE
Cash & Cash Equivalents278.39M
Net Receivables776.36M
Inventory0.00
Other Current Assets914.74M
Total Current Assets2 B
Property, Plant & Equipment336.28M
Goodwill & Intangible Assets250.98M
Long-Term Investments0.00
Other Non-Current Assets23.41M
Total Non-Current Assets360 M
Total Assets
2.70B

Financial Health Analysis

Current Ratio

1.55x

Strong liquidity. The company has adequate resources to meet short-term liabilities.

Debt-to-Equity Ratio

1.20x

Elevated leverage. Debt exceeds equity, which amplifies both gains and risks. Monitor debt servicing ability.

Working Capital

701 M

Strong working capital position provides significant operational flexibility and financial cushion.

Asset Composition

73% Current

Asset-light business model with high liquidity. Majority of assets are easily convertible to cash.

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Robert Half International Inc. Street Expectations Map

RHI ยท NYSE

Wall Street analysts project that RHI stock may rise significantly over the coming 12 months. The consensus 1-year price target stands at 40.67, with estimates ranging from a low of 32.00 to a high of 50.00.

Lowest Target
32.00
8.25%
Consensus Target
40.67
37.58%
Highest Target
50.00
69.15%

The consensus 1-year price target stands at 40.67, with estimates ranging from a low of 32.00 to a high of 50.00.

Analyst Consensus Analysis

Upside Potential

+37.6%

Substantial upside potential. Analysts see significant value gap, suggesting the stock may be materially undervalued at current levels.

Analyst Agreement

44.3% spread

Mixed analyst views. Wide target range suggests differing opinions on key value drivers, growth prospects, or risk factors.

Analyst Conviction

Moderate

Neutral sentiment. Fair value pricing with moderate agreement suggests wait-and-see approach or catalyst-driven opportunity.

Market Sentiment Insight

Monitor and evaluate: Current analyst consensus suggests limited conviction or near-term catalysts. Stay informed on company developments and reassess positioning as new information emerges.

rhi

Robert Half International Inc. Insider Positioning

RHI ยท NYSE

During the last 12 months, insiders have sold $188K worth of RHI shares, with no buying activity reported.

3 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

3-6 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

6-9 Months

Bought

0

0.00

Sold

6.5K

187.81K

Net Activity

-188K

-$188K

9-12 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

Top Buyers

No buying activity

Top Sellers

1
KDA

Kempthorne Dirk A

Director

6.5K sharesโ€ข1 transactions

$188K

Insider Activity Analysis

Net Insider Sentiment

Bearish

Strong bearish signal with $188K net selling. Heavy insider selling may indicate concerns about valuation or near-term prospects.

Buy/Sell Ratio

0.00:1

Very poor ratio. Heavy selling with minimal buying suggests insiders may be concerned about valuation or outlook.

Insider Participation

High Selling

1 insider sellers vs. 0 buyers. Widespread selling across multiple insiders may signal concerns.

2.44%
Dividend Yield
12%
3Y+289.0%
5Y+379.0%
10Y+311.0%
ย 

rhi Dividend History

RHI
10Y CAGR +10%
Latest $0.59
Annual $2.95
5 year growth trend
Last Period: +0%