Robert Half Inc. (RHI) intrinsic value & 10-year financials
Robert Half Inc. (RHI) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue grew 0.3% a year to $5.4B, with an average return on invested capital of 41.0%.
- Graham intrinsic value
- —
- Share price (Oct 17, 2026)
- $33.31
- Market cap
- $3.3B
- Revenue (FY2025)
- $5.4B
- Revenue growth (10-yr CAGR)
- 0.3%
- ROIC (10-yr avg)
- 41.0%
- Free cash flow (FY2025)
- $266.8M
RHI 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $5.4B | $133.0M | $1.33 | $266.8M | 1.4% | 5.2% |
| FY2024 | $5.8B | $251.6M | $2.44 | $354.2M | 5.8% | 23.4% |
| FY2023 | $6.4B | $411.1M | $3.88 | $591.0M | 8.7% | 38.1% |
| FY2022 | $7.2B | $657.9M | $6.03 | $622.6M | 12.3% | 65.2% |
| FY2021 | $6.5B | $598.6M | $5.36 | $566.5M | 12.5% | 66.7% |
| FY2020 | $5.1B | $306.3M | $2.70 | $563.2M | 8.3% | 31.7% |
| FY2019 | $6.1B | $454.4M | $3.90 | $460.2M | 10.2% | 48.5% |
| FY2018 | $5.8B | $434.3M | $3.57 | $529.8M | 10.2% | 54.1% |
| FY2017 | $5.3B | $290.6M | $2.33 | $412.2M | 9.8% | 35.4% |
| FY2016 | $5.3B | $343.4M | $2.67 | $359.1M | 10.6% | 41.5% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
ROBERT HALF INC. has demonstrated mature, steady growth, with revenue compounding at 0.3% annually over the past decade.
ROBERT HALF INC. has earned high returns on invested capital, averaging 41.0% 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, ROBERT HALF INC. shows that management has aggressively returned capital to shareholders by retiring 22.1% of outstanding shares.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, ROBERT HALF INC. is modeled at -7.5% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-7.34 per share.