Kforce Inc. (KFRC) intrinsic value & 10-year financials
Kforce Inc. (KFRC) has a Graham intrinsic value of $31.69 per share. At $51.01 on Oct 17, 2026, the stock trades 61% above that value. Over the last 10 fiscal years revenue grew 0.1% a year to $1.3B, with an average return on invested capital of 40.9%.
- Graham intrinsic value
- $31.69
- Share price (Oct 17, 2026)
- $51.01
- Price vs Graham value
- 61% above
- Market cap
- $906.8M
- Revenue (FY2025)
- $1.3B
- Revenue growth (10-yr CAGR)
- 0.1%
- ROIC (10-yr avg)
- 40.9%
- Free cash flow (FY2025)
- $46.8M
KFRC 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $1.3B | $34.8M | $1.96 | $46.8M | 3.8% | 24.6% |
| FY2024 | $1.4B | $50.4M | $2.68 | $79.3M | 5.0% | 30.8% |
| FY2023 | $1.5B | $61.1M | $3.13 | $83.7M | 5.7% | 33.8% |
| FY2022 | $1.7B | $75.4M | $3.68 | $82.7M | 6.8% | 57.0% |
| FY2021 | $1.6B | $75.2M | $3.54 | $66.5M | 6.7% | 83.1% |
| FY2020 | $1.4B | $56.0M | $2.62 | $102.7M | 5.7% | 47.2% |
| FY2019 | $1.3B | $130.9M | $5.50 | $56.3M | 5.6% | 40.1% |
| FY2018 | $1.4B | $58.0M | $2.30 | $82.6M | 5.8% | 36.5% |
| FY2017 | $1.4B | $33.3M | $1.30 | $23.5M | 5.1% | 27.8% |
| FY2016 | $1.3B | $32.8M | $1.25 | $27.0M | 4.4% | 28.2% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
KFORCE INC has demonstrated mature, steady growth, with revenue compounding at 0.1% annually over the past decade.
KFORCE INC has earned high returns on invested capital, averaging 44.1% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.
Over the decade, KFORCE INC shows that management has aggressively returned capital to shareholders by retiring 32.3% of outstanding shares.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, KFORCE INC is modeled at 5.1% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $31.69 per share.