Recent News
On September 12, 2025, Kforce filed an 8-K disclosing a Rule 10b5-1 corporate stock trading plan to repurchase shares, allowing repurchases to commence no earlier than September 16, 2025 and continue through November 5, 2025. The company also announced participation in investor conferences in September 2025 to engage with stakeholders and present strategic priorities.
Technical Analysis
ADX / DI+ / DI-: ADX at 25.84 indicates a strong trend environment. DI+ shows a peak-and-reversal, which reads bearish; DI- is decreasing, which reads bullish. The mixed directional signals suggest trend strength exists but directional conviction remains contested, implying any directional move may require confirmatory momentum.
MACD: MACD equals -0.96 with the signal at -1.12; MACD has crossed above its signal line and the MACD trend shows increasing momentum. That crossover represents bullish momentum developing from a negative base, aligning with the potential for a price rebound into the short term.
MRO (Momentum/Regression Oscillator): MRO at -27.18 sits negative, indicating price below model target and therefore a statistical tendency for upward pressure; the MRO trend increases, reinforcing potential mean-reversion toward intrinsic target levels.
RSI: RSI at 41.07 with a peak-and-reversal pattern reads bearish on relative strength, signaling limited upside momentum without further buying interest to shift the oscillator above neutral levels.
Price vs. Moving Averages and Bands: Last close $29.98 trades below the 50-day average ($33.29) and the 200-day average ($43.59), with a 20-day average of $30.31 and the 12-day EMA trending downward. Price sits just above the lower Bollinger boundary ($29.80). The proximity to the lower band combined with a negative short EMA indicates short-term downside pressure but a technical setup for a bounce if volume and momentum pick up.
Volume & Volatility: Current volume (214,575) runs below the 10-day average (303,866) while 42-day volatility equals 3%; subdued volume with low volatility reduces the probability of an immediate, sustained breakout absent a catalyst such as accelerated repurchase activity.
Fundamental Analysis
Profitability: Operating (EBIT) margin equals 4.45%. QoQ operating margin increased by 26.36%, while YoY operating margin declined by 19.46%. The current margin sits below the industry peer mean of 17.22% and the industry peer median of 20.46%, indicating compressed operating leverage relative to peers despite the recent QoQ uplift.
Revenue & Growth: Total revenue $334,316,000 with revenue growth of 1.30% YoY and a reported revenue growth QoQ of -132.47% (as provided). Earnings growth stands at 31.11% while earnings growth QoQ declined by 224.44% and YoY rose 6.145%. These patterns show modest top-line expansion alongside fluctuating short-term quarterly dynamics.
Cash Flow & Capital Allocation: Operating cash flow $18,365,000 and free cash flow $14,224,000 yield a free cash flow yield of 2.04%, above the industry peer mean free cash flow yield of 1.18%. Cash conversion ratio equals 2.945 and free cash flow to net income equals 1.36x, reflecting effective conversion of earnings into cash. Dividend yield equals 0.99% with a payout ratio of 66.04% and dividend coverage of 1.51x.
Balance Sheet and Leverage: Current ratio sits at 2.04x, providing ample near-term liquidity versus the industry peer mean current ratio of 1.17x. Total debt $86,416,000 produces a debt-to-equity ratio of 0.64; debt-to-EBITDA equals 5.31. Interest coverage stands at 14.25x, indicating interest obligations remain well-covered by operating earnings.
Valuation Metrics: Trailing PE equals 72.88x while forward PE equals 59.82x; the PE sits below the industry peer mean of 154.55 and the industry peer median of 129.67. Price-to-book equals 5.19x, slightly below the industry peer mean of 5.43 and below the industry peer median of 6.08. WMDST values the stock as under-valued, supported by positive free cash flow yield relative to the peer mean and management’s renewed repurchase activity.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-06-30 |
| REPORT DATE: | 2025-07-28 |
| NEXT REPORT DATE: | 2025-10-27 |
| CASH FLOW | Begin Period Cash Flow | $ 444.0 K |
| Operating Cash Flow | $ 18.4 M | |
| Capital Expenditures | $ -4.14 M | |
| Change In Working Capital | $ 4.3 M | |
| Dividends Paid | $ -6.90 M | |
| Cash Flow Delta | $ 2.0 M | |
| End Period Cash Flow | $ 2.5 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 334.3 M | |
| Forward Revenue | $ 105.7 M | |
| COSTS | ||
| Cost Of Revenue | $ 243.7 M | |
| Depreciation | $ 660.0 K | |
| Depreciation and Amortization | $ 1.4 M | |
| Research and Development | — | |
| Total Operating Expenses | $ 319.4 M | |
| PROFITABILITY | ||
| Gross Profit | $ 90.6 M | |
| EBITDA | $ 16.3 M | |
| EBIT | $ 14.9 M | |
| Operating Income | $ 14.9 M | |
| Interest Income | — | |
| Interest Expense | — | |
| Net Interest Income | — | |
| Income Before Tax | $ 13.9 M | |
| Tax Provision | $ 3.4 M | |
| Tax Rate | 24.605 % | |
| Net Income | $ 10.4 M | |
| Net Income From Continuing Operations | $ 10.4 M | |
| EARNINGS | ||
| EPS Estimate | $ 0.59 | |
| EPS Actual | $ 0.59 | |
| EPS Difference | $ 0.00 | |
| EPS Surprise | -0.73 % | |
| Forward EPS | $ 0.71 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 373.6 M | |
| Intangible Assets | $ 65.1 M | |
| Net Tangible Assets | $ 69.3 M | |
| Total Current Assets | $ 222.9 M | |
| Cash and Short-Term Investments | $ 2.5 M | |
| Cash | $ 2.5 M | |
| Net Receivables | $ 209.9 M | |
| Inventory | — | |
| Long-Term Investments | $ 57.0 M | |
| LIABILITIES | ||
| Accounts Payable | $ 45.6 M | |
| Short-Term Debt | — | |
| Total Current Liabilities | $ 109.3 M | |
| Net Debt | $ 67.5 M | |
| Total Debt | $ 86.4 M | |
| Total Liabilities | $ 239.2 M | |
| EQUITY | ||
| Total Equity | $ 134.4 M | |
| Retained Earnings | $ 550.1 M | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 7.22 | |
| Shares Outstanding | 18.611 M | |
| Revenue Per-Share | $ 17.96 | |
| VALUATION | Market Capitalization | $ 697.3 M |
| Enterprise Value | $ 781.2 M | |
| Enterprise Multiple | 47.994 | |
| Enterprise Multiple QoQ | -38.474 % | |
| Enterprise Multiple YoY | -16.06 % | |
| Enterprise Multiple IPRWA | high: 171.369 mean: 95.986 median: 72.34 KFRC: 47.994 low: -118.296 |
|
| EV/R | 2.337 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 2.78 | |
| Asset To Liability | 1.562 | |
| Debt To Capital | 0.391 | |
| Debt To Assets | 0.231 | |
| Debt To Assets QoQ | 5.237 % | |
| Debt To Assets YoY | 2378.885 % | |
| Debt To Assets IPRWA | high: 0.943 mean: 0.245 KFRC: 0.231 median: 0.147 low: 0.012 |
|
| Debt To Equity | 0.643 | |
| Debt To Equity QoQ | 9.658 % | |
| Debt To Equity YoY | 3065.337 % | |
| Debt To Equity IPRWA | high: 2.453 KFRC: 0.643 mean: 0.545 median: 0.225 low: 0.013 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 5.187 | |
| Price To Book QoQ | -23.91 % | |
| Price To Book YoY | -28.685 % | |
| Price To Book IPRWA | high: 12.431 median: 6.075 mean: 5.428 KFRC: 5.187 low: 0.627 |
|
| Price To Earnings (P/E) | 72.878 | |
| Price To Earnings QoQ | -33.03 % | |
| Price To Earnings YoY | -12.623 % | |
| Price To Earnings IPRWA | high: 226.006 mean: 154.548 median: 129.666 KFRC: 72.878 low: -61.189 |
|
| PE/G Ratio | 2.343 | |
| Price To Sales (P/S) | 2.086 | |
| Price To Sales QoQ | -26.849 % | |
| Price To Sales YoY | -38.681 % | |
| Price To Sales IPRWA | high: 47.117 mean: 28.398 median: 20.173 KFRC: 2.086 low: 0.602 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 59.823 | |
| Forward PE/G | 1.923 | |
| Forward P/S | 6.597 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 21.552 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.901 | |
| Asset Turnover Ratio QoQ | -0.859 % | |
| Asset Turnover Ratio YoY | -7.796 % | |
| Asset Turnover Ratio IPRWA | KFRC: 0.901 high: 0.495 mean: 0.143 median: 0.101 low: 0.019 |
|
| Receivables Turnover | 1.553 | |
| Receivables Turnover Ratio QoQ | 2.667 % | |
| Receivables Turnover Ratio YoY | 1.94 % | |
| Receivables Turnover Ratio IPRWA | high: 4.437 median: 1.666 mean: 1.594 KFRC: 1.553 low: 0.685 |
|
| Inventory Turnover | — | |
| Inventory Turnover Ratio QoQ | — | |
| Inventory Turnover Ratio YoY | — | |
| Inventory Turnover Ratio IPRWA | — | |
| Days Sales Outstanding (DSO) | 58.739 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | — | |
| Cash Conversion Cycle Days QoQ | — | |
| Cash Conversion Cycle Days YoY | — | |
| Cash Conversion Cycle Days IPRWA | — | |
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 2.945 | |
| CapEx To Revenue | -0.012 | |
| CapEx To Depreciation | -6.274 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 204.4 M | |
| Net Invested Capital | $ 204.4 M | |
| Invested Capital | $ 204.4 M | |
| Net Tangible Assets | $ 69.3 M | |
| Net Working Capital | $ 113.5 M | |
| LIQUIDITY | ||
| Cash Ratio | 0.023 | |
| Current Ratio | 2.038 | |
| Current Ratio QoQ | -1.289 % | |
| Current Ratio YoY | -12.35 % | |
| Current Ratio IPRWA | high: 8.802 KFRC: 2.038 mean: 1.167 median: 0.79 low: 0.417 |
|
| Quick Ratio | — | |
| Quick Ratio QoQ | — | |
| Quick Ratio YoY | — | |
| Quick Ratio IPRWA | — | |
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 5.309 | |
| Cost Of Debt | 0.942 % | |
| Interest Coverage Ratio | 14.247 | |
| Interest Coverage Ratio QoQ | 28.003 % | |
| Interest Coverage Ratio YoY | -24.426 % | |
| Interest Coverage Ratio IPRWA | high: 38.382 KFRC: 14.247 median: 11.086 mean: 8.639 low: -21.373 |
|
| Operating Cash Flow Ratio | 0.232 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 16.672 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | 1.514 | |
| Dividend Payout Ratio | 0.66 | |
| Dividend Rate | $ 0.37 | |
| Dividend Yield | 0.01 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 1.479 % | |
| Revenue Growth | 1.299 % | |
| Revenue Growth QoQ | -132.467 % | |
| Revenue Growth YoY | 3.177 % | |
| Revenue Growth IPRWA | high: 32.288 % KFRC: 1.299 % median: 0.931 % mean: -0.305 % low: -18.439 % |
|
| Earnings Growth | 31.111 % | |
| Earnings Growth QoQ | -224.444 % | |
| Earnings Growth YoY | 6.145 % | |
| Earnings Growth IPRWA | high: 141.176 % KFRC: 31.111 % mean: 4.837 % median: -9.375 % low: -117.647 % |
|
| MARGINS | ||
| Gross Margin | 27.114 % | |
| Gross Margin QoQ | 1.387 % | |
| Gross Margin YoY | -2.387 % | |
| Gross Margin IPRWA | high: 89.341 % median: 63.601 % mean: 60.911 % KFRC: 27.114 % low: 1.685 % |
|
| EBIT Margin | 4.453 % | |
| EBIT Margin QoQ | 26.362 % | |
| EBIT Margin YoY | -19.461 % | |
| EBIT Margin IPRWA | high: 24.209 % median: 20.455 % mean: 17.219 % KFRC: 4.453 % low: -41.816 % |
|
| Return On Sales (ROS) | 4.453 % | |
| Return On Sales QoQ | 26.362 % | |
| Return On Sales YoY | -19.461 % | |
| Return On Sales IPRWA | high: 24.668 % median: 20.221 % mean: 18.143 % KFRC: 4.453 % low: -31.925 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 14.2 M | |
| Free Cash Flow Yield | 2.04 % | |
| Free Cash Flow Yield QoQ | -592.754 % | |
| Free Cash Flow Yield YoY | 38.681 % | |
| Free Cash Flow Yield IPRWA | high: 8.815 % KFRC: 2.04 % mean: 1.179 % median: 0.7 % low: -2.825 % |
|
| Free Cash Growth | -464.718 % | |
| Free Cash Growth QoQ | 296.629 % | |
| Free Cash Growth YoY | -902.774 % | |
| Free Cash Growth IPRWA | high: 193.85 % median: 98.299 % mean: 47.128 % KFRC: -464.718 % low: -688.42 % |
|
| Free Cash To Net Income | 1.361 | |
| Cash Flow Margin | 7.597 % | |
| Cash Flow To Earnings | 2.431 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.04 | |
| Return On Assets (ROA) | 2.817 % | |
| Return On Assets QoQ | 25.535 % | |
| Return On Assets YoY | -27.472 % | |
| Return On Assets IPRWA | high: 4.179 % KFRC: 2.817 % median: 1.718 % mean: 1.482 % low: -6.317 % |
|
| Return On Capital Employed (ROCE) | 5.633 % | |
| Return On Equity (ROE) | 0.078 | |
| Return On Equity QoQ | 31.723 % | |
| Return On Equity YoY | -8.521 % | |
| Return On Equity IPRWA | high: 0.144 KFRC: 0.078 mean: 0.026 median: 0.025 low: -0.317 |
|
| DuPont ROE | 7.669 % | |
| Return On Invested Capital (ROIC) | 5.491 % | |
| Return On Invested Capital QoQ | 30.552 % | |
| Return On Invested Capital YoY | -98.763 % | |
| Return On Invested Capital IPRWA | high: 6.29 % KFRC: 5.491 % median: 2.288 % mean: 2.176 % low: -4.278 % |
|