BBSI
Barrett Business Services, Inc.
BBSI's outlook is improving despite an expensive valuation.
VRT
Vertiv Holdings Co
VRT has the edge over BBSI overall, supported by stronger valuation and stronger modeled upside.
BBSI Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Stable | |
| Under pressure | |
| Strong |
BBSI's balance sheet is currently strong, and its revenue and profitability are stable, but its cash flow is under pressure.
VRT Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
VRT's revenue, profitability, cash flow and balance sheet are all currently strong.
BBSI PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 13x | $16.58 | -47% |
| Fair | 17x | $20.68 | -33% |
| Forward | 19x | $31.03 | — |
| Expensive | 22x | $27.75 | -11% |
| Current | 25x | $31.03 | — |
Historical ranges are pointers, not guarantees.
BBSI's PE is in its expensive range at 25x. If earnings grow as analysts expect, today's price would be 19x next year's earnings, in its fair range.
VRT PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 23x | $210 | — |
| Current | 39x | $210 | — |
| Cheap | 58x | $308 | +47% |
| Fair | 72x | $383 | +83% |
| Expensive | 88x | $472 | +125% |
Historical ranges are pointers, not guarantees.
VRT has the edge over BBSI in the historical PE scenario, which offers more potential upside but is not a forecast.
BBSI Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Growth | |
| Stable | |
| Limited | |
| Low |
Analysts expect earnings and revenue growth for BBSI, with profitability holding steady. However, they disagree widely on these estimates.
VRT Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Moderate | |
| Moderate |
VRT has the edge over BBSI on the outlook, with more favorable profitability expectations.
BBSI Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.62 | +29% |
| Q3 2026 | $1.25 | -40% |
| Q2 2026 | $1.35 | -33% |
| Q1 2026 | $1.53 | -22% |
| Q4 2025 | $2.08 | +5.1% |
| Q3 2025 | $2.08 | +11% |
| Q2 2025 | $2.02 | +12% |
| Q1 2025 | $1.95 | +7.7% |
| Q4 2024 | $1.98 | +7% |
BBSI's earnings per share have fallen from their peak: $1.25 over the past year, against $2.08 in late 2025.
VRT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $9.14 | +71% |
| Q3 2026 | $5.35 | +102% |
| Q2 2026 | $4.42 | +111% |
| Q1 2026 | $3.98 | +131% |
| Q4 2025 | $3.41 | +166% |
| Q3 2025 | $2.65 | +75% |
| Q2 2025 | $2.09 | +62% |
| Q1 2025 | $1.72 | +64% |
| Q4 2024 | $1.28 | +7.6% |
VRT has the edge over BBSI on earnings, with more consistent year-over-year improvement.
BBSI Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $334.1M | +4.7% |
| Q2 2026 | $319.3M | +3.8% |
| Q1 2026 | $307M | +4.9% |
| Q4 2025 | $321.1M | +5.3% |
| Q3 2025 | $318.9M | +8.4% |
| Q2 2025 | $307.7M | +10% |
| Q1 2025 | $292.6M | +10% |
| Q4 2024 | $304.8M | +10% |
BBSI's revenue has grown year over year for 12 quarters in a row: $334M last quarter, up 4.7% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 6.4% | -1.4 points |
| Q2 2026 | 4.8% | -2.7 points |
| Q1 2026 | -2.1% | -0.7 points |
| Q4 2025 | 5.8% | -1 points |
| Q3 2025 | 7.8% | -0.2 points |
| Q2 2025 | 7.5% | +0.2 points |
| Q1 2025 | -1.4% | +0.3 points |
| Q4 2024 | 6.8% | +0.2 points |
BBSI's operating margin was 6.4% last quarter, down 1.4 points from the same quarter a year ago.
VRT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $4.3B | +61% |
| Q2 2026 | $3.3B | +24% |
| Q1 2026 | $2.6B | +30% |
| Q4 2025 | $2.9B | +23% |
| Q3 2025 | $2.7B | +29% |
| Q2 2025 | $2.6B | +35% |
| Q1 2025 | $2B | +24% |
| Q4 2024 | $2.3B | +26% |
VRT has the edge over BBSI on sales, with stronger typical year-over-year growth.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 23% | +3.5 points |
| Q2 2026 | 19% | +2.7 points |
| Q1 2026 | 17% | +2.3 points |
| Q4 2025 | 20% | +0.7 points |
| Q3 2025 | 19% | +1.4 points |
| Q2 2025 | 17% | -0.4 points |
| Q1 2025 | 14% | +1.9 points |
| Q4 2024 | 19% | +4.2 points |
VRT has the edge over BBSI on profitability, with a higher operating margin.
BBSI Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $21.6M | -37% |
| Q2 2026 | -$61.4M | -$3.2M |
| Q1 2026 | -$27.8M | -4089% |
| Q4 2025 | $70.6M | +41% |
| Q3 2025 | $34.1M | +$38.3M |
| Q2 2025 | -$58.2M | -$2M |
| Q1 2025 | $697K | -89% |
| Q4 2024 | $50.2M | -6.2% |
BBSI still generates free cash flow, though less than at its 2025 peak: $3M over the past year.
VRT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $654.9M | +41% |
| Q2 2026 | $926.5M | +233% |
| Q1 2026 | $654.2M | +145% |
| Q4 2025 | $885.6M | +143% |
| Q3 2025 | $463.5M | +36% |
| Q2 2025 | $277.9M | -19% |
| Q1 2025 | $266.8M | +162% |
| Q4 2024 | $364.5M | +18% |
VRT has the edge over BBSI on cash flow, with more consistent year-over-year improvement.
BBSI Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.2% | -289K shares |
| 1 year | -6.7% | -1.8M shares |
| 3 years | -10% | -2.8M shares |
| 5 years | -20% | -6M shares |
| Available history | -21% | -6.4M shares |
BBSI has the edge over VRT on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $9.1M |
| Q2 2026 | $15.2M |
| Q1 2026 | $20.3M |
| Q4 2025 | $17.1M |
| Q3 2025 | $7.5M |
| Q2 2025 | $8.1M |
| Q1 2025 | $9.2M |
| Q4 2024 | $7M |
BBSI spent $62M buying back its own shares over the past year, up 94% from the year before.
VRT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -64.9K shares |
| 1 year | +0.4% | +1.8M shares |
| 3 years | +1.1% | +4.4M shares |
| 5 years | +10% | +36M shares |
| Available history | +63% | +152M shares |
VRT has 393M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
| Q2 2024 | — |
| Q1 2024 | $599.9M |
BBSI Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.8x | Net Cash |
| Q2 2026 | -0.4x | Net Cash |
| Q1 2026 | -0.5x | Net Cash |
| Q4 2025 | -1.4x | Net Cash |
| Q3 2025 | -0.7x | Net Cash |
| Q2 2025 | -0.4x | Net Cash |
| Q1 2025 | -0.5x | Net Cash |
| Q4 2024 | -0.8x | Net Cash |
BBSI has the edge over VRT on leverage, with a lower net debt burden relative to earnings.
VRT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.2x | Net Cash |
| Q2 2026 | 0.1x | Very low |
| Q1 2026 | 0.3x | Very low |
| Q4 2025 | 0.6x | Very low |
| Q3 2025 | 0.8x | Very low |
| Q2 2025 | 0.7x | Very low |
| Q1 2025 | 0.8x | Very low |
| Q4 2024 | 1.0x | Healthy |
VRT has more cash than debt.
BBSI Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 43.7 | Neutral |
| Stochastic | 20.9 | Neutral |
BBSI's weekly RSI is 44 (neutral) and its Stochastic is 21 (neutral).
VRT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 43.0 | Neutral |
| Stochastic | 26.4 | Neutral |
VRT's weekly RSI is 43 (neutral) and its Stochastic is 26 (neutral).
BBSI PE vs Industrials Sector
| Metric | BBSI | Sector median | Relative |
|---|---|---|---|
| PE | 25x | 24x | 3.1% above |
| PE % | 98 | 58 | 40 pts above |
BBSI has the edge over VRT on valuation relative to its sector.
VRT PE vs Industrials Sector
| Metric | VRT | Sector median | Relative |
|---|---|---|---|
| PE | 39x | 24x | 63% above |
| PE % | 3 | 58 | 55 pts below |
VRT is trading at 39x earnings, a 63% premium to the Industrials sector's median of 24x.
BBSI Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $31.6 | 1.7% below |
| 20 week MA | $34.0 | 8.8% below |
| 50 week MA | $33.3 | 6.9% below |
| 100 week MA | $37.8 | 18% below |
| 200 week MA | $33.2 | 6.5% below |
BBSI is in a downtrend: it's below all five of its weekly moving averages, and 6.5% below its 200-week average.
VRT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $221.8 | 5.5% below |
| 20 week MA | $254.4 | 18% below |
| 50 week MA | $253.9 | 17% below |
| 100 week MA | $189.1 | 11% above |
| 200 week MA | $123.5 | 70% above |
VRT has the edge over BBSI on trend strength, trading above more of its moving averages.
BBSI Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $22.5 | $17.3 | -23% |
| 2021 | $17.3 | $17.3 | +0.1% |
| 2022 | $17.3 | $23.6 | +36% |
| 2023 | $23.6 | $29.0 | +23% |
| 2024 | $29.0 | $43.4 | +50% |
| 2025 | $43.4 | $36.2 | -16% |
| 2026 YTD | $36.2 | $31.0 | -14% |
BBSI has finished higher in four of the last six years. It's down 14% so far in 2026.
VRT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $10.9 | $18.9 | +73% |
| 2021 | $18.9 | $24.9 | +31% |
| 2022 | $24.9 | $12.8 | -48% |
| 2023 | $12.8 | $48.0 | +275% |
| 2024 | $48.0 | $115.1 | +140% |
| 2025 | $115.1 | $167.6 | +46% |
| 2026 YTD | $167.6 | $209.6 | +25% |
VRT has the edge over BBSI on returns for 2026, with the stronger performance.