Kelly Services (KELYA) Financials

$11.18 -0.10 (-0.89%)

Closing price 04/17/2025 04:00 PM Eastern

Extended Trading

$11.28 +0.10 (+0.89%)

As of 04/17/2025 04:20 PM Eastern

Annual Income Statements for Kelly Services

This table shows Kelly Services' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	-63	36	-0.60
Consolidated Net Income / (Loss)	-63	36	-0.60
Net Income / (Loss) Continuing Operations	-63	36	-0.60
Total Pre-Tax Income	-71	25	-22
Total Operating Income	15	24	-15
Total Gross Profit	1,012	961	883
Total Revenue	4,965	4,836	4,332
Operating Revenue	4,965	4,836	4,332
Total Cost of Revenue	3,954	3,874	3,449
Operating Cost of Revenue	3,954	3,874	3,449
Total Operating Expenses	997	937	898
Selling, General & Admin Expense	944	935	818
Other Operating Expenses / (Income)	19	0.00	-1.60
Impairment Charge	41	2.40	86
Other Special Charges / (Income)	-6.20	0.00	-5.40
Total Other Income / (Expense), net	-86	0.60	-6.80
Interest & Investment Income	-67	0.00	0.00
Other Income / (Expense), net	-19	0.60	-6.80
Income Tax Expense	-7.90	-12	-21
Other Gains / (Losses), net	0.80	0.00	0.00
Basic Earnings per Share	($1.64)	$0.99	($0.02)
Weighted Average Basic Shares Outstanding	38.10M	35.90M	35.50M
Diluted Earnings per Share	($1.64)	$0.98	($0.02)
Weighted Average Diluted Shares Outstanding	38.10M	36.30M	35.50M
Weighted Average Basic & Diluted Shares Outstanding	37.17M	35.29M	34.89M

This table shows Kelly Services' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	-16	-0.90	11	7.50	6.60	11	26	4.60	0.80	-32
Consolidated Net Income / (Loss)	-16	-0.90	11	7.50	6.60	11	26	4.60	0.80	-32
Net Income / (Loss) Continuing Operations	-16	-0.90	11	7.50	6.60	11	26	4.60	0.80	-32
Total Pre-Tax Income	-21	4.30	13	5.60	1.70	4.90	30	5.70	-1.80	-56
Total Operating Income	-21	4.60	11	6.20	0.10	7.30	27	12	2.60	-57
Total Gross Profit	241	250	254	241	229	238	206	214	222	242
Total Revenue	1,168	1,234	1,268	1,217	1,118	1,232	1,045	1,058	1,038	1,191
Operating Revenue	1,168	1,234	1,268	1,217	1,118	1,232	1,045	1,058	1,038	1,191
Total Cost of Revenue	927	984	1,014	977	890	994	839	844	816	950
Operating Cost of Revenue	927	984	1,014	977	890	994	839	844	816	950
Total Operating Expenses	262	246	243	234	228	231	179	202	219	298
Selling, General & Admin Expense	231	236	243	232	228	231	191	192	219	217
Other Special Charges / (Income)	0.00	-0.90	0.00	0.00	0.00	-	-12	-5.50	0.10	12
Total Other Income / (Expense), net	0.20	-0.30	2.00	-0.60	1.60	-2.40	3.00	-6.50	-4.40	1.10
Other Income / (Expense), net	0.20	-0.30	2.00	-0.60	1.60	-2.40	3.00	-6.50	-4.40	1.10
Income Tax Expense	-5.00	5.20	1.80	-1.90	-4.90	-6.50	4.00	1.10	-2.60	-24
Basic Earnings per Share	($0.43)	($0.04)	$0.29	$0.20	$0.18	$0.32	$0.71	$0.13	$0.02	($0.88)
Weighted Average Basic Shares Outstanding	37.90M	38.10M	37.10M	36M	35.40M	35.90M	35.40M	35.50M	35.60M	35.50M
Diluted Earnings per Share	($0.43)	($0.04)	$0.29	$0.20	$0.18	$0.31	$0.70	$0.12	$0.02	($0.86)
Weighted Average Diluted Shares Outstanding	37.90M	38.10M	37.40M	36.40M	35.80M	36.30M	35.80M	35.90M	36M	35.50M
Weighted Average Basic & Diluted Shares Outstanding	37.95M	37.17M	36.10M	35.39M	35.28M	35.29M	35.52M	35.57M	35.61M	34.89M

This table details how cash moves in and out of Kelly Services' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Net Change in Cash & Equivalents	43	5.20	-122
Net Cash From Operating Activities	-76	77	27
Net Cash From Continuing Operating Activities	-76	77	27
Net Income / (Loss) Continuing Operations	-63	36	-0.60
Consolidated Net Income / (Loss)	-63	36	-0.60
Depreciation Expense	33	34	40
Amortization Expense	19	16	11
Non-Cash Adjustments To Reconcile Net Income	147	17	82
Changes in Operating Assets and Liabilities, net	-213	-27	-105
Net Cash From Investing Activities	168	-14	-362
Net Cash From Continuing Investing Activities	168	-14	-362
Purchase of Property, Plant & Equipment	-12	-15	-11
Acquisitions	-143	0.00	-432
Sale of Property, Plant & Equipment	10	0.00	4.30
Divestitures	120	0.00	0.00
Sale and/or Maturity of Investments	197	0.00	0.00
Other Investing Activities, net	-3.90	1.20	77
Net Cash From Financing Activities	-51	-60	215
Net Cash From Continuing Financing Activities	-51	-60	215
Repayment of Debt	0.60	-0.90	-1,102
Repurchase of Common Equity	-35	-42	-10
Payment of Dividends	-11	-11	-11
Issuance of Debt	0.00	0.00	1,340
Other Financing Activities, net	-5.60	-5.50	-2.50
Other Net Changes in Cash	2.30	2.20	-2.10

This table details how cash moves in and out of Kelly Services' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	-23	32	-41	13	-8.00	41	41	-163	-5.20	5.20
Net Cash From Operating Activities	-4.40	35	-14	37	10	43	-26	58	-20	15
Net Cash From Continuing Operating Activities	-4.40	35	-14	37	10	43	-26	58	-20	15
Net Income / (Loss) Continuing Operations	-16	-0.90	11	7.50	6.60	11	26	4.60	0.80	-32
Consolidated Net Income / (Loss)	-16	-0.90	11	7.50	6.60	11	26	4.60	0.80	-32
Depreciation Expense	8.60	8.70	8.40	8.80	8.40	8.30	8.00	9.60	11	12
Amortization Expense	4.40	4.30	4.30	4.10	4.00	3.80	2.20	2.40	3.10	3.00
Non-Cash Adjustments To Reconcile Net Income	34	11	1.20	5.70	3.30	6.90	-9.70	11	5.30	75
Changes in Operating Assets and Liabilities, net	-35	12	-38	11	-12	13	-52	30	-41	-43
Net Cash From Investing Activities	-7.90	-0.20	-2.20	-5.50	-3.10	-3.30	72	-425	-2.40	-6.10
Net Cash From Continuing Investing Activities	-7.90	-0.20	-2.20	-5.50	-3.10	-3.30	72	-425	-2.40	-6.10
Purchase of Property, Plant & Equipment	-2.10	-6.40	-4.40	-4.90	-3.10	-2.90	-3.70	-3.00	-2.40	-2.00
Acquisitions	-	-	-	-	-	-	-	-	-	-4.50
Divestitures	-6.00	6.00	0.00	-	-	-	77	-	-	-77
Other Investing Activities, net	0.20	-5.40	0.20	-0.60	-	1.60	1.10	0.80	0.10	75
Net Cash From Financing Activities	-3.50	-13	-25	-21	-11	-3.00	-4.70	206	16	-2.50
Net Cash From Continuing Financing Activities	-3.50	-13	-25	-21	-11	-3.00	-4.70	206	16	-2.50
Repayment of Debt	0.30	0.30	-0.70	-	-0.20	-	-0.10	-169	-452	-481
Repurchase of Common Equity	-	-7.80	-18	-17	-7.40	-	0.00	-	-	-10
Payment of Dividends	-2.90	-2.90	-2.80	-2.80	-2.70	-2.70	-2.70	-2.70	-2.80	-2.70
Issuance of Debt	-	-	-	-	-	-	-	-	470	491
Other Financing Activities, net	-0.90	-2.80	-3.00	-1.30	-0.90	-0.30	-1.90	-0.20	-0.20	-0.20

This table presents Kelly Services' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Total Assets	2,664	2,582	2,632
Total Current Assets	1,715	1,627	1,366
Cash & Equivalents	154	126	39
Accounts Receivable	1,492	1,161	1,256
Prepaid Expenses	70	49	71
Other Current Nonoperating Assets	0.00	291	0.00
Plant, Property, & Equipment, net	28	25	26
Plant, Property & Equipment, gross	167	138	140
Accumulated Depreciation	139	114	114
Total Noncurrent Assets	921	930	1,241
Goodwill	151	151	304
Intangible Assets	-	138	256
Noncurrent Deferred & Refundable Income Taxes	300	321	330
Other Noncurrent Operating Assets	470	321	350
Total Liabilities & Shareholders' Equity	2,664	2,582	2,632
Total Liabilities	1,410	1,328	1,398
Total Current Liabilities	1,129	1,020	827
Accounts Payable	723	646	614
Accrued Expenses	23	22	19
Current Deferred & Payable Income Tax Liabilities	51	17	18
Current Employee Benefit Liabilities	316	156	164
Other Current Liabilities	15	8.40	12
Other Current Nonoperating Liabilities	0.00	170	0.00
Total Noncurrent Liabilities	281	308	571
Long-Term Debt	-	0.00	239
Noncurrent Employee Benefit Liabilities	215	258	274
Other Noncurrent Operating Liabilities	66	50	58
Commitments & Contingencies	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,254	1,254	1,235
Total Preferred & Common Equity	1,254	1,254	1,235
Total Common Equity	1,254	1,254	1,235
Common Stock	67	69	73
Retained Earnings	1,216	1,242	1,230
Treasury Stock	-20	-57	-61
Accumulated Other Comprehensive Income / (Loss)	-8.50	0.20	-6.90

This table presents Kelly Services' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	2,682	2,589	2,595	2,550	2,395	2,628	2,689
Total Current Assets	1,730	1,633	1,628	1,592	1,437	1,311	1,358
Cash & Equivalents	-	-	125	-	201	38	33
Accounts Receivable	1,520	1,439	1,424	1,388	1,153	1,194	1,249
Prepaid Expenses	83	82	80	86	83	79	76
Other Current Nonoperating Assets	4.70	-	-	-	0.00	0.00	0.00
Plant, Property, & Equipment, net	25	29	29	29	26	27	27
Plant, Property & Equipment, gross	169	166	166	167	141	142	139
Accumulated Depreciation	144	137	137	138	115	116	112
Total Noncurrent Assets	927	928	938	930	933	1,291	1,305
Goodwill	161	151	151	151	151	373	374
Intangible Assets	-	-	-	-	133	272	264
Noncurrent Deferred & Refundable Income Taxes	301	302	308	315	319	302	308
Other Noncurrent Operating Assets	465	475	479	463	331	343	358
Total Liabilities & Shareholders' Equity	2,682	2,589	2,595	2,550	2,395	2,628	2,689
Total Liabilities	1,429	1,341	1,353	1,314	1,119	1,348	1,407
Total Current Liabilities	1,143	1,051	1,055	1,025	798	812	841
Short-Term Debt	0.10	0.00	0.00	0.00	-	-	0.20
Accounts Payable	735	685	693	648	581	595	605
Accrued Expenses	24	23	23	23	22	19	18
Current Deferred & Payable Income Tax Liabilities	48	53	54	54	20	18	22
Current Employee Benefit Liabilities	321	276	271	288	166	168	185
Other Current Liabilities	14	14	14	13	8.40	12	12
Other Current Nonoperating Liabilities	-	-	-	-	0.00	0.00	0.00
Total Noncurrent Liabilities	286	290	298	289	321	536	566
Long-Term Debt	-	-	-	-	-	210	228
Noncurrent Employee Benefit Liabilities	216	226	234	226	270	267	277
Other Noncurrent Operating Liabilities	70	64	64	63	51	58	61
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,253	1,248	1,242	1,236	1,277	1,280	1,282
Total Preferred & Common Equity	1,253	1,248	1,242	1,236	1,277	1,280	1,282
Total Common Equity	1,253	1,248	1,242	1,236	1,277	1,280	1,282
Common Stock	65	65	68	68	66	68	71
Retained Earnings	1,220	1,224	1,229	1,233	1,265	1,267	1,265
Treasury Stock	-12	-35	-51	-57	-53	-52	-52
Accumulated Other Comprehensive Income / (Loss)	-20	-6.20	-3.40	-7.70	-0.50	-2.50	-1.30

This table displays calculated financial ratios and metrics derived from Kelly Services' official financial filings.

Metric	2022	2023	2024
Growth Metrics	-	-	-
Revenue Growth	1.13%	-2.61%	-10.42%
EBITDA Growth	-58.35%	56.58%	-61.33%
EBIT Growth	-106.25%	722.50%	-187.95%
NOPAT Growth	-73.72%	242.89%	-129.76%
Net Income Growth	-140.04%	158.24%	-101.65%
EPS Growth	-141.94%	159.76%	-102.04%
Operating Cash Flow Growth	-189.76%	200.52%	-64.93%
Free Cash Flow Firm Growth	104.66%	1,306.29%	-437.17%
Invested Capital Growth	0.10%	-8.60%	42.57%
Revenue Q/Q Growth	-0.33%	-0.03%	-0.94%
EBITDA Q/Q Growth	-38.83%	-0.40%	-66.70%
EBIT Q/Q Growth	-115.15%	2.47%	-156.74%
NOPAT Q/Q Growth	-39.71%	65.82%	-119.59%
Net Income Q/Q Growth	-718.81%	51.04%	-101.41%
EPS Q/Q Growth	-920.00%	55.56%	-101.74%
Operating Cash Flow Q/Q Growth	-32.24%	11.48%	-51.27%
Free Cash Flow Firm Q/Q Growth	107.57%	285.02%	-133.76%
Invested Capital Q/Q Growth	-11.77%	-18.55%	-2.88%
Profitability Metrics	-	-	-
Gross Margin	20.38%	19.88%	20.37%
EBITDA Margin	0.96%	1.55%	0.67%
Operating Margin	0.30%	0.50%	-0.35%
EBIT Margin	-0.08%	0.51%	-0.51%
Profit (Net Income) Margin	-1.26%	0.75%	-0.01%
Tax Burden Percent	87.78%	146.18%	2.74%
Interest Burden Percent	1,780.00%	100.00%	100.00%
Effective Tax Rate	0.00%	-46.18%	0.00%
Return on Invested Capital (ROIC)	0.94%	3.37%	-0.87%
ROIC Less NNEP Spread (ROIC-NNEP)	38.39%	2.93%	-43.47%
Return on Net Nonoperating Assets (RNNOA)	-5.77%	-0.47%	0.82%
Return on Equity (ROE)	-4.83%	2.90%	-0.05%
Cash Return on Invested Capital (CROIC)	0.84%	12.36%	-35.97%
Operating Return on Assets (OROA)	-0.14%	0.95%	-0.84%
Return on Assets (ROA)	-2.25%	1.39%	-0.02%
Return on Common Equity (ROCE)	-4.83%	2.90%	-0.05%
Return on Equity Simple (ROE_SIMPLE)	-4.98%	2.90%	-0.05%
Net Operating Profit after Tax (NOPAT)	10	36	-11
NOPAT Margin	0.21%	0.73%	-0.24%
Net Nonoperating Expense Percent (NNEP)	-37.45%	0.44%	42.61%
Return On Investment Capital (ROIC_SIMPLE)	0.83%	2.83%	-0.72%
Cost of Revenue to Revenue	79.62%	80.12%	79.63%
SG&A Expenses to Revenue	19.00%	19.33%	18.89%
R&D to Revenue	0.00%	0.00%	0.00%
Operating Expenses to Revenue	20.08%	19.38%	20.72%
Earnings before Interest and Taxes (EBIT)	-4.00	25	-22
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	48	75	29
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	0.50	0.60	0.38
Price to Tangible Book Value (P/TBV)	0.56	0.78	0.70
Price to Revenue (P/Rev)	0.13	0.16	0.11
Price to Earnings (P/E)	0.00	20.63	0.00
Dividend Yield	1.68%	1.41%	2.28%
Earnings Yield	0.00%	4.85%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.43	0.62	0.47
Enterprise Value to Revenue (EV/Rev)	0.09	0.13	0.15
Enterprise Value to EBITDA (EV/EBITDA)	9.78	8.34	23.09
Enterprise Value to EBIT (EV/EBIT)	0.00	25.11	0.00
Enterprise Value to NOPAT (EV/NOPAT)	45.20	17.60	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	8.15	24.90
Enterprise Value to Free Cash Flow (EV/FCFF)	50.57	4.80	0.00
Leverage & Solvency	-	-	-
Debt to Equity	0.00	0.00	0.19
Long-Term Debt to Equity	0.00	0.00	0.19
Financial Leverage	-0.15	-0.16	-0.02
Leverage Ratio	2.15	2.09	2.10
Compound Leverage Factor	38.19	2.09	2.10
Debt to Total Capital	0.06%	0.00%	16.24%
Short-Term Debt to Total Capital	0.06%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	16.24%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%
Common Equity to Total Capital	99.94%	100.00%	83.76%
Debt to EBITDA	0.01	0.00	8.26
Net Debt to EBITDA	-3.19	0.00	6.91
Long-Term Debt to EBITDA	0.00	0.00	8.26
Debt to NOPAT	0.07	0.00	-22.65
Net Debt to NOPAT	-14.77	0.00	-18.96
Long-Term Debt to NOPAT	0.00	0.00	-22.65
Altman Z-Score	3.03	3.20	2.72
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-
Current Ratio	1.52	1.59	1.65
Quick Ratio	1.46	1.26	1.57
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	9.26	130	-439
Operating Cash Flow to CapEx	-4,015.79%	501.31%	395.59%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00
Efficiency Ratios	-	-	-
Asset Turnover	1.79	1.84	1.66
Accounts Receivable Turnover	3.41	3.65	3.59
Inventory Turnover	0.00	0.00	0.00
Fixed Asset Turnover	157.38	184.57	171.90
Accounts Payable Turnover	5.61	5.66	5.48
Days Sales Outstanding (DSO)	107.13	100.09	101.79
Days Inventory Outstanding (DIO)	0.00	0.00	0.00
Days Payable Outstanding (DPO)	65.11	64.51	66.66
Cash Conversion Cycle (CCC)	42.02	35.59	35.13
Capital & Investment Metrics	-	-	-
Invested Capital	1,101	1,007	1,435
Invested Capital Turnover	4.51	4.59	3.55
Increase / (Decrease) in Invested Capital	1.10	-95	429
Enterprise Value (EV)	468	625	670
Market Capitalization	621	751	469
Book Value per Share	$33.05	$35.54	$34.67
Tangible Book Value per Share	$29.07	$27.35	$18.93
Total Capital	1,255	1,254	1,474
Total Debt	0.70	0.00	239
Total Long-Term Debt	0.00	0.00	239
Net Debt	-153	-126	200
Capital Expenditures (CapEx)	1.90	15	6.80
Debt-free, Cash-free Net Working Capital (DFCFNWC)	433	481	500
Debt-free Net Working Capital (DFNWC)	587	607	539
Net Working Capital (NWC)	586	607	539
Net Nonoperating Expense (NNE)	73	-0.88	-9.97
Net Nonoperating Obligations (NNO)	-153	-247	200
Total Depreciation and Amortization (D&A)	52	50	51
Debt-free, Cash-free Net Working Capital to Revenue	8.73%	9.94%	11.54%
Debt-free Net Working Capital to Revenue	11.82%	12.55%	12.44%
Net Working Capital to Revenue	11.81%	12.55%	12.44%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	($1.64)	$0.99	($0.02)
Adjusted Weighted Average Basic Shares Outstanding	38.10M	35.90M	35.50M
Adjusted Diluted Earnings per Share	($1.64)	$0.98	($0.02)
Adjusted Weighted Average Diluted Shares Outstanding	38.10M	36.30M	35.50M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	37.17M	35.29M	34.89M
Normalized Net Operating Profit after Tax (NOPAT)	35	19	46
Normalized NOPAT Margin	0.70%	0.39%	1.06%
Pre Tax Income Margin	-1.43%	0.51%	-0.51%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00
Payout Ratios	-	-	-
Dividend Payout Ratio	-16.96%	30.22%	-1,816.67%
Augmented Payout Ratio	-72.96%	146.15%	-3,483.33%

This table displays calculated financial ratios and metrics derived from Kelly Services' official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-2.30%	-1.32%	-2.17%	-3.95%	-4.27%	-0.13%	-17.60%	-13.12%	-7.15%	-3.34%
EBITDA Growth	-137.44%	-63.73%	38.80%	-9.76%	271.95%	-1.73%	57.48%	-4.32%	-12.06%	-341.76%
EBIT Growth	-343.68%	-87.61%	118.97%	-21.13%	108.02%	13.95%	134.65%	1.79%	-205.88%	-1,234.69%
NOPAT Growth	-322.26%	-107.77%	-43.93%	226.80%	102.59%	1,864.00%	152.66%	18.57%	368.79%	-333.70%
Net Income Growth	-146.55%	-101.26%	122.90%	240.91%	140.74%	1,366.67%	136.70%	-38.67%	-87.88%	-378.95%
EPS Growth	-149.43%	-102.22%	123.58%	233.33%	141.86%	875.00%	141.38%	-40.00%	-88.89%	-377.42%
Operating Cash Flow Growth	73.49%	-34.44%	87.28%	3,175.00%	327.27%	22.32%	-88.89%	56.37%	-303.00%	-65.36%
Free Cash Flow Firm Growth	48.34%	99.09%	-15.98%	177.08%	108.28%	5,514.20%	199.84%	-306.84%	-1,976.57%	-519.21%
Invested Capital Growth	12.58%	0.10%	19.59%	-11.76%	-0.99%	-8.60%	-13.76%	29.99%	19.57%	42.57%
Revenue Q/Q Growth	-7.84%	5.64%	2.80%	-4.03%	-8.15%	10.21%	-15.18%	1.19%	-1.83%	14.74%
EBITDA Q/Q Growth	-140.00%	310.98%	46.82%	-27.17%	-23.78%	20.57%	135.29%	-55.75%	-29.94%	-431.45%
EBIT Q/Q Growth	-398.59%	120.28%	195.35%	-55.91%	-69.64%	188.24%	508.16%	-80.87%	-131.58%	-2,988.89%
NOPAT Q/Q Growth	-689.57%	93.57%	1,053.84%	-9.58%	-95.32%	4,274.58%	36.62%	-57.57%	-81.51%	-2,280.77%
Net Income Q/Q Growth	-836.36%	94.44%	1,311.11%	-31.19%	-12.00%	72.73%	126.32%	-82.17%	-82.61%	-4,075.00%
EPS Q/Q Growth	-816.67%	90.70%	825.00%	-31.03%	-10.00%	72.22%	125.81%	-82.86%	-83.33%	-4,400.00%
Operating Cash Flow Q/Q Growth	-266.67%	904.55%	-138.14%	373.33%	-72.90%	333.00%	-158.89%	326.27%	-135.18%	173.89%
Free Cash Flow Firm Q/Q Growth	24.26%	98.66%	-9,363.71%	180.53%	-91.87%	773.33%	74.51%	-266.83%	26.20%	-95.10%
Invested Capital Q/Q Growth	-1.41%	-11.77%	13.31%	-10.47%	10.62%	-18.55%	6.92%	34.94%	1.75%	-2.88%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	20.60%	20.28%	20.03%	19.77%	20.44%	19.33%	19.68%	20.21%	21.36%	20.28%
EBITDA Margin	-0.70%	1.40%	2.00%	1.52%	1.26%	1.38%	3.83%	1.67%	1.19%	-3.45%
Operating Margin	-1.83%	0.37%	0.84%	0.51%	0.01%	0.59%	2.56%	1.15%	0.25%	-4.76%
EBIT Margin	-1.82%	0.35%	1.00%	0.46%	0.15%	0.40%	2.85%	0.54%	-0.17%	-4.67%
Profit (Net Income) Margin	-1.39%	-0.07%	0.86%	0.62%	0.59%	0.93%	2.47%	0.44%	0.08%	-2.67%
Tax Burden Percent	76.42%	-20.93%	85.83%	133.93%	388.24%	232.65%	86.58%	80.70%	-44.44%	57.19%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	0.00%	120.93%	14.17%	-33.93%	-288.24%	-132.65%	13.42%	19.30%	0.00%	0.00%
Return on Invested Capital (ROIC)	-5.42%	-0.35%	3.12%	2.80%	0.14%	6.32%	8.81%	3.23%	0.57%	-11.82%
ROIC Less NNEP Spread (ROIC-NNEP)	-3.99%	-0.38%	1.63%	3.98%	-269.94%	9.12%	6.22%	-18.91%	-0.48%	-45.54%
Return on Net Nonoperating Assets (RNNOA)	0.27%	0.06%	-0.15%	-0.21%	0.50%	-1.45%	-0.49%	-0.36%	-0.04%	0.86%
Return on Equity (ROE)	-5.15%	-0.29%	2.97%	2.58%	0.63%	4.87%	8.32%	2.87%	0.53%	-10.97%
Cash Return on Invested Capital (CROIC)	-10.38%	0.84%	-18.10%	12.50%	2.72%	12.36%	19.02%	-21.93%	-13.85%	-35.97%
Operating Return on Assets (OROA)	-3.30%	0.62%	1.84%	0.84%	0.28%	0.73%	5.28%	0.92%	-0.29%	-7.76%
Return on Assets (ROA)	-2.52%	-0.13%	1.58%	1.13%	1.09%	1.71%	4.57%	0.74%	0.13%	-4.44%
Return on Common Equity (ROCE)	-5.15%	-0.29%	2.97%	2.58%	0.63%	4.87%	8.32%	2.87%	0.53%	-10.97%
Return on Equity Simple (ROE_SIMPLE)	0.81%	0.00%	-0.32%	0.10%	1.95%	0.00%	4.02%	3.78%	3.32%	0.00%
Net Operating Profit after Tax (NOPAT)	-15	-0.96	9.18	8.30	0.39	17	23	9.85	1.82	-40
NOPAT Margin	-1.28%	-0.08%	0.72%	0.68%	0.03%	1.38%	2.22%	0.93%	0.18%	-3.33%
Net Nonoperating Expense Percent (NNEP)	-1.43%	0.03%	1.49%	-1.18%	270.08%	-2.79%	2.59%	22.13%	1.04%	33.72%
Return On Investment Capital (ROIC_SIMPLE)	-	-0.08%	-	-	-	1.35%	-	-	-	-2.69%
Cost of Revenue to Revenue	79.40%	79.72%	79.97%	80.23%	79.56%	80.67%	80.32%	79.79%	78.64%	79.72%
SG&A Expenses to Revenue	19.79%	19.14%	19.19%	19.06%	20.43%	18.74%	18.23%	18.11%	21.10%	18.25%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	22.43%	19.91%	19.19%	19.26%	20.43%	18.74%	17.12%	19.05%	21.11%	25.04%
Earnings before Interest and Taxes (EBIT)	-21	4.30	13	5.60	1.70	4.90	30	5.70	-1.80	-56
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-8.20	17	25	19	14	17	40	18	12	-41
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.40	0.50	0.48	0.50	0.51	0.60	0.69	0.59	0.59	0.38
Price to Tangible Book Value (P/TBV)	0.46	0.56	0.55	0.57	0.59	0.78	0.88	1.19	1.17	0.70
Price to Revenue (P/Rev)	0.10	0.13	0.12	0.13	0.13	0.16	0.19	0.17	0.17	0.11
Price to Earnings (P/E)	49.51	0.00	0.00	480.30	26.35	20.63	17.10	15.65	17.63	0.00
Dividend Yield	1.90%	1.68%	1.85%	1.73%	1.67%	1.41%	1.21%	1.41%	1.42%	2.28%
Earnings Yield	2.02%	0.00%	0.00%	0.21%	3.80%	4.85%	5.85%	6.39%	5.67%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.40	0.43	0.48	0.45	0.51	0.62	0.63	0.64	0.64	0.47
Enterprise Value to Revenue (EV/Rev)	0.10	0.09	0.12	0.10	0.13	0.13	0.15	0.21	0.22	0.15
Enterprise Value to EBITDA (EV/EBITDA)	6.39	9.78	10.97	9.43	8.43	8.34	7.55	10.47	10.87	23.09
Enterprise Value to EBIT (EV/EBIT)	18.94	0.00	208.04	356.85	26.13	25.11	16.11	22.09	24.53	0.00
Enterprise Value to NOPAT (EV/NOPAT)	29.10	45.20	0.00	5,380.20	29.64	17.60	13.71	17.43	17.54	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	37.01	9.18	9.23	8.15	10.46	10.88	17.15	24.90
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	50.57	0.00	3.35	18.78	4.80	3.06	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.16	0.18	0.19
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.16	0.18	0.19
Financial Leverage	-0.07	-0.15	-0.09	-0.05	0.00	-0.16	-0.08	0.02	0.08	-0.02
Leverage Ratio	2.17	2.15	2.13	2.12	2.10	2.09	1.97	2.07	2.08	2.10
Compound Leverage Factor	2.17	2.15	2.13	2.12	2.10	2.09	1.97	2.07	2.08	2.10
Debt to Total Capital	0.01%	0.06%	0.00%	0.00%	0.00%	0.00%	0.00%	14.12%	15.12%	16.24%
Short-Term Debt to Total Capital	0.01%	0.06%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.01%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	14.12%	15.11%	16.24%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	99.99%	99.94%	100.00%	100.00%	100.00%	100.00%	100.00%	85.88%	84.88%	83.76%
Debt to EBITDA	0.00	0.01	0.00	0.00	0.00	0.00	0.00	2.37	2.62	8.26
Net Debt to EBITDA	0.00	-3.19	0.00	0.00	0.00	0.00	0.00	1.94	2.25	6.91
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	2.37	2.62	8.26
Debt to NOPAT	0.01	0.07	0.00	0.00	0.00	0.00	0.00	3.94	4.23	-22.65
Net Debt to NOPAT	0.01	-14.77	0.00	0.00	0.00	0.00	0.00	3.23	3.62	-18.96
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	3.94	4.23	-22.65
Altman Z-Score	2.94	3.04	3.13	3.10	3.13	3.17	3.50	2.94	2.83	2.68
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.51	1.52	1.55	1.54	1.55	1.59	1.80	1.61	1.61	1.65
Quick Ratio	1.33	1.46	1.37	1.47	1.35	1.26	1.70	1.52	1.52	1.57
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-154	-2.06	-195	157	13	112	195	-325	-240	-468
Operating Cash Flow to CapEx	-209.52%	4,425.00%	-306.82%	753.06%	322.58%	1,493.10%	-689.19%	1,923.33%	-812.00%	750.00%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.82	1.79	1.84	1.83	1.85	1.84	1.85	1.71	1.67	1.66
Accounts Receivable Turnover	3.38	3.41	3.33	3.35	3.33	3.65	3.56	3.40	3.32	3.59
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	163.34	157.38	162.95	180.34	180.16	184.57	170.52	160.17	158.15	171.90
Accounts Payable Turnover	5.76	5.61	5.63	5.47	5.59	5.66	5.84	5.54	5.58	5.48
Days Sales Outstanding (DSO)	107.84	107.13	109.50	109.10	109.72	100.09	102.53	107.28	110.05	101.79
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	63.39	65.11	64.84	66.77	65.31	64.51	62.45	65.88	65.41	66.66
Cash Conversion Cycle (CCC)	44.45	42.02	44.66	42.33	44.41	35.59	40.08	41.40	44.63	35.13
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,248	1,101	1,248	1,117	1,236	1,007	1,076	1,452	1,478	1,435
Invested Capital Turnover	4.23	4.51	4.31	4.10	3.90	4.59	3.97	3.47	3.22	3.55
Increase / (Decrease) in Invested Capital	140	1.10	204	-149	-12	-95	-172	335	242	429
Enterprise Value (EV)	500	468	603	500	635	625	676	930	947	670
Market Capitalization	500	621	603	624	635	751	877	758	751	469
Book Value per Share	$33.01	$33.05	$33.57	$34.40	$34.91	$35.54	$36.07	$36.03	$36.04	$34.67
Tangible Book Value per Share	$28.76	$29.07	$29.50	$30.22	$30.64	$27.35	$28.06	$17.88	$18.09	$18.93
Total Capital	1,253	1,255	1,248	1,242	1,236	1,254	1,277	1,490	1,510	1,474
Total Debt	0.10	0.70	0.00	0.00	0.00	0.00	0.00	210	228	239
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	210	228	239
Net Debt	0.10	-153	0.00	-125	0.00	-126	-201	172	196	200
Capital Expenditures (CapEx)	2.10	0.80	4.40	4.90	3.10	2.90	3.70	3.00	2.50	2.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)	587	433	582	449	566	481	439	460	484	500
Debt-free Net Working Capital (DFNWC)	587	587	582	573	566	607	639	499	517	539
Net Working Capital (NWC)	587	586	582	573	566	607	639	499	517	539
Net Nonoperating Expense (NNE)	1.22	-0.06	-1.72	0.80	-6.21	5.58	-2.60	5.25	1.02	-7.89
Net Nonoperating Obligations (NNO)	-4.60	-153	0.00	-125	0.00	-247	-201	172	196	200
Total Depreciation and Amortization (D&A)	13	13	13	13	12	12	10	12	14	15
Debt-free, Cash-free Net Working Capital to Revenue	11.79%	8.73%	11.78%	9.18%	11.70%	9.94%	9.51%	10.34%	11.07%	11.54%
Debt-free Net Working Capital to Revenue	11.79%	11.82%	11.78%	11.73%	11.70%	12.55%	13.86%	11.20%	11.82%	12.44%
Net Working Capital to Revenue	11.78%	11.81%	11.78%	11.73%	11.70%	12.55%	13.86%	11.20%	11.81%	12.44%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.43)	($0.04)	$0.29	$0.20	$0.18	$0.32	$0.71	$0.13	$0.02	($0.88)
Adjusted Weighted Average Basic Shares Outstanding	37.90M	38.10M	37.10M	36M	35.40M	35.90M	35.40M	35.50M	35.60M	35.50M
Adjusted Diluted Earnings per Share	($0.43)	($0.04)	$0.29	$0.20	$0.18	$0.31	$0.70	$0.12	$0.02	($0.86)
Adjusted Weighted Average Diluted Shares Outstanding	37.90M	38.10M	37.40M	36.40M	35.80M	36.30M	35.80M	35.90M	36M	35.50M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	37.95M	37.17M	36.10M	35.39M	35.28M	35.29M	35.52M	35.57M	35.61M	34.89M
Normalized Net Operating Profit after Tax (NOPAT)	6.51	2.59	9.18	6.02	0.07	5.11	13	9.85	1.89	-32
Normalized NOPAT Margin	0.56%	0.21%	0.72%	0.49%	0.01%	0.41%	1.26%	0.93%	0.18%	-2.65%
Pre Tax Income Margin	-1.82%	0.35%	1.00%	0.46%	0.15%	0.40%	2.85%	0.54%	-0.17%	-4.67%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	96.04%	-16.96%	-287.50%	876.92%	46.47%	30.22%	21.25%	22.31%	25.59%	-1,816.67%
Augmented Payout Ratio	365.35%	-72.96%	-940.00%	4,153.85%	253.94%	146.15%	67.84%	37.60%	25.59%	-3,483.33%

Frequently Asked Questions About Kelly Services' Financials

When does Kelly Services's fiscal year end?

According to the most recent income statement we have on file, Kelly Services' financial year ends in December. Their financial year 2024 ended on December 29, 2024.

How has Kelly Services' net income changed over the last 2 years?

Kelly Services' net income appears to be on a downward trend, with a most recent value of -$600 thousand in 2024, falling from -$62.50 million in 2022. The previous period was $36.40 million in 2023.

What is Kelly Services's operating income?

Kelly Services's total operating income in 2024 was -$15.10 million, based on the following breakdown:

Total Gross Profit: $882.60 million
Total Operating Expenses: $897.70 million

How has Kelly Services revenue changed over the last 2 years?

Over the last 2 years, Kelly Services' total revenue changed from $4.97 billion in 2022 to $4.33 billion in 2024, a change of -12.8%.

How much debt does Kelly Services have?

Kelly Services' total liabilities were at $1.40 billion at the end of 2024, a 5.3% increase from 2023, and a 0.8% decrease since 2022.

How much cash does Kelly Services have?

In the past 2 years, Kelly Services' cash and equivalents has ranged from $39 million in 2024 to $153.70 million in 2022, and is currently $39 million as of their latest financial filing in 2024.

How has Kelly Services' book value per share changed over the last 2 years?

Over the last 2 years, Kelly Services' book value per share changed from 33.05 in 2022 to 34.67 in 2024, a change of 4.9%.

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This page (NASDAQ:KELYA) was last updated on 4/18/2025 by MarketBeat.com Staff

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Kelly Services (KELYA) Financials

Frequently Asked Questions About Kelly Services' Financials

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Kelly Services (KELYA) Financials

Annual Income Statements for Kelly Services

Quarterly Income Statements for Kelly Services

Annual Cash Flow Statements for Kelly Services

Quarterly Cash Flow Statements for Kelly Services

Annual Balance Sheets for Kelly Services

Quarterly Balance Sheets for Kelly Services

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