Latest Ratios: P/E Ratio 25.8x · EV/EBITDA 17.8x · ROE 24.9%. (1996–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $923M | $550M | $1.1B | $1.3B | $1.1B | $1.6B | $901M | $944M | $805M | $665M | $619M |
| Enterprise Value | $990M | $617M | $1.1B | $1.4B | $1.2B | $1.6B | $917M | $1.0B | $878M | $783M | $733M |
| P/E Ratio → | 25.76 | 15.78 | 21.64 | 21.58 | 14.90 | 21.25 | 16.06 | 17.26 | 13.87 | 20.04 | 18.93 |
| P/S Ratio | 0.69 | 0.41 | 0.78 | 0.86 | 0.66 | 1.01 | 0.64 | 0.70 | 0.57 | 0.49 | 0.47 |
| P/B Ratio | 7.20 | 4.41 | 7.05 | 8.29 | 6.17 | 8.47 | 5.00 | 5.64 | 4.78 | 4.95 | 5.09 |
| P/FCF | 19.71 | 11.74 | 13.74 | 15.76 | 13.59 | 24.01 | 8.77 | 16.78 | 9.75 | 28.30 | 22.91 |
| P/OCF | 14.97 | 8.92 | 12.54 | 14.42 | 12.38 | 21.89 | 8.25 | 14.17 | 9.18 | 22.66 | 15.69 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.46 | 0.81 | 0.90 | 0.68 | 1.02 | 0.66 | 0.75 | 0.62 | 0.58 | 0.56 |
| EV / EBITDA | 17.80 | 11.10 | 15.03 | 14.94 | 9.22 | 14.77 | 10.08 | 12.48 | 9.92 | 10.19 | 10.89 |
| EV / EBIT | 19.77 | 13.15 | 16.30 | 15.80 | 10.02 | 15.16 | 11.43 | 13.49 | 12.13 | 13.05 | 12.41 |
| EV / FCF | — | 13.19 | 14.34 | 16.44 | 14.16 | 24.33 | 8.93 | 17.94 | 10.64 | 33.35 | 27.12 |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 26.8% | 26.8% | 27.4% | 27.9% | 29.3% | 28.9% | 28.3% | 29.3% | 29.5% | 30.0% | 31.0% |
| Operating Margin | 3.8% | 3.8% | 5.0% | 5.7% | 6.8% | 6.7% | 5.7% | 5.6% | 5.8% | 5.1% | 4.4% |
| Net Profit Margin | 2.6% | 2.6% | 3.6% | 4.0% | 4.4% | 4.8% | 4.0% | 9.7% | 4.1% | 2.5% | 2.5% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 24.9% | 24.9% | 32.1% | 35.8% | 40.7% | 40.8% | 32.3% | 78.0% | 38.3% | 26.0% | 25.1% |
| ROA | 9.6% | 9.6% | 14.1% | 16.3% | 16.8% | 15.3% | 13.0% | 34.4% | 15.2% | 8.9% | 9.1% |
| ROIC | 19.1% | 19.1% | 25.0% | 29.4% | 40.0% | 39.4% | 28.0% | 23.7% | 24.8% | 21.1% | 19.2% |
| ROCE | 20.1% | 20.1% | 27.9% | 33.8% | 38.7% | 29.9% | 24.1% | 25.5% | 27.7% | 23.6% | 21.5% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.56 | 0.56 | 0.31 | 0.36 | 0.26 | 0.63 | 0.67 | 0.51 | 0.43 | 0.89 | 0.95 |
| Debt / EBITDA | 1.25 | 1.25 | 0.63 | 0.62 | 0.37 | 1.08 | 1.32 | 1.05 | 0.83 | 1.55 | 1.72 |
| Net Debt / Equity | — | 0.54 | 0.31 | 0.36 | 0.25 | 0.11 | 0.09 | 0.39 | 0.43 | 0.88 | 0.94 |
| Net Debt / EBITDA | 1.22 | 1.22 | 0.62 | 0.62 | 0.37 | 0.19 | 0.18 | 0.81 | 0.83 | 1.54 | 1.69 |
| Debt / FCF | — | 1.44 | 0.60 | 0.69 | 0.56 | 0.32 | 0.16 | 1.16 | 0.88 | 5.05 | 4.22 |
| Interest Coverage | — | — | — | — | 8.10 | — | 23.86 | 28.84 | — | — | — |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.78 | 1.78 | 2.00 | 2.37 | 2.11 | 2.32 | 3.13 | 2.89 | 2.75 | 2.93 | 2.68 |
| Quick Ratio | 1.78 | 1.78 | 2.00 | 2.37 | 2.11 | 2.32 | 3.13 | 2.89 | 2.75 | 2.93 | 2.68 |
| Cash Ratio | 0.02 | 0.02 | 0.00 | 0.00 | 0.00 | 0.60 | 0.96 | 0.23 | 0.00 | 0.00 | 0.02 |
| Asset Turnover | — | 3.63 | 3.93 | 4.28 | 4.36 | 3.14 | 2.92 | 3.54 | 3.73 | 3.53 | 3.61 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 52.31 | 56.02 | 55.62 | 57.50 | 61.99 | 59.65 | 59.04 | 54.19 | 62.62 | 57.12 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 3.1% | 5.0% | 2.6% | 2.1% | 2.1% | 1.3% | 1.9% | 1.8% | 1.8% | 1.8% | 2.0% |
| Payout Ratio | 78.9% | 78.9% | 56.0% | 45.1% | 31.9% | 26.8% | 30.0% | 12.7% | 25.6% | 36.5% | 38.0% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 3.9% | 6.3% | 4.6% | 4.6% | 6.7% | 4.7% | 6.2% | 5.8% | 7.2% | 5.0% | 5.3% |
| FCF Yield | 5.1% | 8.5% | 7.3% | 6.3% | 7.4% | 4.2% | 11.4% | 6.0% | 10.3% | 3.5% | 4.4% |
| Buyback Yield | 5.5% | 9.3% | 3.8% | 5.7% | 6.7% | 4.1% | 4.0% | 13.2% | 2.8% | 2.2% | 7.4% |
| Total Shareholder Yield | 8.6% | 14.3% | 6.4% | 7.8% | 8.8% | 5.4% | 5.8% | 14.9% | 4.6% | 4.0% | 9.4% |
| Shares Outstanding | — | $18M | $19M | $20M | $21M | $21M | $21M | $24M | $26M | $26M | $27M |
Cyclical IT Spending Sensitivity
Based on reported figures, KFRC trades at a forward P/E of 20.57, which appears to price in a recovery from current cyclical lows despite the -5.43% revenue contraction, suggesting investors are looking past near-term volatility toward a potential stabilization in enterprise IT project spending cycles.
The current valuation multiples, including an EV/EBITDA of 17.48, appear elevated relative to the company's recent earnings performance, implying that the market may be assigning a premium for the firm's specialized IT focus. Investors should monitor whether this valuation remains sustainable if the current contraction in billable hours persists, as the current multiple leaves little room for further downward earnings revisions.
According to recent financial statements, KFRC's operating margin has compressed to 3.77%, reflecting the difficulty of maintaining profitability in a high-variable cost environment where the bill-pay spread is under pressure from both client budget tightening and the rising costs of specialized technical talent acquisition.
The gross margin of 26.77% appears to be a structural ceiling for the business model, as the firm lacks the pricing power to pass through wage inflation to enterprise clients during downturns. This thin operating margin suggests that the company's earning power is highly sensitive to utilization rates, making even minor fluctuations in project demand disproportionately impactful to the bottom line.
As reported in financial statements, KFRC's ROIC has fluctuated significantly, dropping to 5.8% in 2026Q1 from higher historical levels, which indicates that the company is struggling to compound returns on invested capital amidst a challenging environment for high-end IT staffing and project-based revenue generation.
The volatility in ROIC appears to be driven by the firm's inability to maintain consistent operating margins while managing a capital-intensive working capital cycle. This trend warrants further investigation into whether the company's capital allocation strategy, particularly its focus on shareholder returns, is detracting from the necessary investments in recruitment technology required to improve long-term capital efficiency.
Based on recent SEC filings, KFRC's cash and equivalents have dwindled to approximately $2.1M, a precarious liquidity position that suggests the company has minimal buffer to navigate a prolonged downturn without relying on external credit facilities or further compromising its already strained balance sheet resilience.
The current ratio of 1.79, while seemingly adequate, masks the reality that the firm's cash position is insufficient to support its working capital-intensive operations during periods of revenue volatility. This liquidity profile appears to limit the company's ability to pursue strategic initiatives or weather unexpected shocks, making the firm's reliance on internal cash flow for shareholder distributions increasingly risky.
The P/E ratio is frequently misapplied to KFRC, as it obscures the significant impact of working capital volatility and non-cash items on the firm's actual cash generation, which is better captured by analyzing free cash flow margins and the cash conversion cycle in this staffing model.
Investors should prioritize free cash flow metrics over P/E, as the latter fails to account for the capital-intensive nature of managing consultant payroll and client receivables. Relying on P/E may lead to an overestimation of the company's durability, as it ignores the potential for cash flow disconnects that are inherent in the firm's project-based revenue structure.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying KFRC stock.
Kforce Inc.'s current P/E ratio is 25.8x. The historical average is 26.1x. This places it at the 71th percentile of its historical range.
Kforce Inc.'s current EV/EBITDA is 17.8x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 14.6x.
Kforce Inc.'s return on equity (ROE) is 24.9%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 16.5%.
Based on historical data, Kforce Inc. is trading at a P/E of 25.8x. This is at the 71th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Kforce Inc.'s current dividend yield is 3.06% with a payout ratio of 78.9%.
Kforce Inc. has 26.8% gross margin and 3.8% operating margin.
Kforce Inc.'s Debt/EBITDA ratio is 1.3x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.