Company Analysis

Trueblue, Inc. (TBI)

NYSE: TBI · Services-Help Supply Services · Tacoma, WA · filing with the SEC since 1995
Grade4.8
◀ Past 5.3● Present 4.3▶ Future 5.3
1 est.

The grade of Trueblue, Inc.

Nine metrics read from its own filings, by tense
Headline grade
4.8/10
◀ Past5.325% of the headline
● Present4.345% of the headline
▶ Future5.330% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

5.3/1025% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed
7.2/10

Has it survived what it has been through?

No warning events in its filings since 2017.

weight 45% of this tense · 72nd percentile among 18 sector filers · read for itself

From the record

Trueblue, Inc.'s filings since 2017 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
1.5/10

What has it actually done, year after year?

-5.7% a year over 10 filed years; profitable in 5 of 10.

weight 33% of this tense · 15th percentile among 18 sector filers · read for its customers

From the record

Trueblue, Inc.'s 10 filed years say what it did: revenue went from $2.8 billion in fiscal 2017 to $1.6 billion in fiscal 2025, down 5.7% a year; it rose in 3 of 9 years; the deepest fall was 43% from fiscal 2017 to fiscal 2024; net income was positive in 5 of 10 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span-5.7%bottom 19% of its family
  • the share of years revenue rosebottom 3% of its family
  • the share of filed years with a profitbottom 14% of its family
  • the deepest fall from a revenue peak43.0%bottom 25% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

SI estimate
6.9/10

How has it treated the people who own it?

SI estimate 6.9/10, confidence 35 of 100 (one part).

weight 22% of this tense · 69th percentile among 18 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, the share count over the years, which ranks in the top 31% of 18 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
What the record cannot read
Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
How it was reasoned
one part: the share count over the years, the one part on file, ranked among 18 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Trueblue, Inc.'s shareholder treatment is put at 6.9 of 10 with a confidence of 35 of 100, because read from one part only, the share count over the years, which ranks in the top 31% of 18 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.

● Present

What are they doing right now?

4.3/1045% of the headline grade · 3 of 3 filed

Financial health

as filed
5.0/10

Is it financially healthy right now?

ROE -17%: lost 17¢ per shareholder dollar. Leverage 57%: owes 57¢ per asset dollar.

weight 33% of this tense · 50th percentile among 18 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-28, Trueblue, Inc. lost about 17 cents for every dollar of shareholders' money, and gross profitability: its products earned about 58 cents per dollar of everything the company owns. Leverage: it owed about 57 cents per dollar of assets, and net share issuance: its share count shrank 1.1% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetstop 42% of its family
  • return on equitybottom 32% of its family
  • gross profit against assetstop 37% of its family
  • the share count against the year beforebottom 47% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
3.8/10

How strong is its position in its industry?

bottom 38% of 18 in its family; net margin -3%.

weight 45% of this tense · 38th percentile among 18 sector filers · read for its customers

From the record

Trueblue, Inc.'s standing among 18 graded names in its industry family: revenue of $1.6 billion in fiscal 2025 ranks in the top 47% by size; a net margin of -3% ranks in the bottom 47%; revenue growth of -10.5% a year over the last 3 filed years ranks in the bottom 14% (its annual reports).

What it rests on

  • revenue against the family$1.62Btop 47% of its family
  • net margin-3.0%bottom 47% of its family
  • three-year revenue growth-10.5%bottom 14% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
4.1/10

What are the people in charge doing?

bottom 41% of 16 in its family for leadership; chief executive since 2023.

weight 22% of this tense · 41st percentile among 16 sector filers · read for its shareholders

From the record

Trueblue, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Owen, Taryn R (CEO and President, as filed), filing under that title since 2023-10-04, 3.1 years (bottom 27% of its family); the 18 officers and directors filing in the last fifteen months have been on the record a median of 5.7 years (bottom 17%); 5 officer or director changes were reported on Form 8-K since 2023-11-13, against the 18 people in charge now (top 22%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge5 in three years among 18 peopletop 22% of its family
  • the median years the people in charge have filed5.7 yearsbottom 17% of its family
  • the chief executive's years on the record3.1 yearsbottom 27% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

5.3/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
3.0/10

How much room does it have to grow?

bottom 30% of 17 in its family for room to expand.

weight 33% of this tense · 30th percentile among 17 sector filers · read for itself

From the record

Trueblue, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $25 million against debt of $66 million leaves -6.5% of its assets as net cash, bottom 32% of its family; cash from operations less capital spending is -4.6% of revenue (bottom 8%); a gross margin of 22.8% (top 50%) (its annual report).

What it rests on

  • cash less debt against assets-6.5%bottom 32% of its family
  • cash from operations less capital spending against revenue-4.6%bottom 8% of its family
  • gross margin22.8%top 50% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
5.0/10

What could actually drive growth from here?

bottom 50% of 18 in its family for growth drivers.

weight 33% of this tense · 50th percentile among 18 sector filers · read for its customers

From the record

Trueblue, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew -10.5% a year over the last three filed years against -5.7% over all 10, slowing (bottom 47% of its family); the newest year grew 3.1% (top 31%); capital spending grew -20% a year (bottom 32%) (its annual reports). Trueblue, Inc. reported 3 lines of business in fiscal 2025: People Ready at $884 million, People Management at $544 million, People Scout at $188 million. 3 of 3 grew in the latest filed year, and the largest line is 55% of revenue (its annual report).

What it rests on

  • three-year growth against the whole span-4.7 points a yearbottom 47% of its family
  • the newest year's revenue growth3.1%top 31% of its family
  • three-year growth of capital spending-20.0%bottom 32% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
7.9/10

Did its newest year beat what its own record pointed to?

top 21% of 17 in its family for expectations against reality.

weight 33% of this tense · 79th percentile among 17 sector filers · read for its shareholders

From the record

Trueblue, Inc.'s newest year against its own record: revenue of $1.6 billion in fiscal 2025 came in 23.5% above the $1.3 billion its prior three years' pace pointed to (top 15% of its family); net income of $48 million against a prior three-year average of $26 million (top 38%); a net margin of -3% against -2% before (top 9%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace23.5%top 15% of its family
  • net income against the prior three years' average-85%top 38% of its family
  • net margin against its prior average-1.0 pointstop 9% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton TBI · research, not advice