RHI
Robert Half International Inc.
RHI's fundamentals are mixed, but it looks expensive: trading at 35x earnings, above its usual 19x. Analysts expect strong earnings growth.
RHI Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Stable | |
| Stable | |
| Strong |
RHI's balance sheet is currently strong, and its revenue, profitability and cash flow are stable.
RHI PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 13x | $16.07 | -62% |
| Fair | 19x | $23.38 | -44% |
| Forward | 24x | $41.97 | — |
| Expensive | 26x | $31.30 | -25% |
| Current | 35x | $41.97 | — |
Historical ranges are pointers, not guarantees.
RHI's PE is in its expensive range at 35x. If earnings grow as analysts expect, today's price would be 24x next year's earnings.
RHI Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Stable | |
| Improving | |
| Limited | |
| Moderate |
Analysts expect RHI's earnings to grow and its profitability to improve, with its revenue holding steady.
RHI Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.78 | +47% |
| Q3 2026 | $1.21 | -21% |
| Q2 2026 | $1.15 | -34% |
| Q1 2026 | $1.30 | -35% |
| Q4 2025 | $1.33 | -45% |
| Q3 2025 | $1.54 | -44% |
| Q2 2025 | $1.75 | -42% |
| Q1 2025 | $2.00 | -40% |
| Q4 2024 | $2.44 | -37% |
RHI's earnings per share have fallen from their peak: $1.21 over the past year, against $6.17 in mid-2022.
RHI Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.4B | +0.4% |
| Q2 2026 | $1.3B | -2.4% |
| Q1 2026 | $1.3B | -3.8% |
| Q4 2025 | $1.3B | -5.8% |
| Q3 2025 | $1.4B | -7.5% |
| Q2 2025 | $1.4B | -7% |
| Q1 2025 | $1.4B | -8.4% |
| Q4 2024 | $1.4B | -6.1% |
RHI's revenue fell from its 2022 peak and has held roughly level since: $1.4B last quarter, about level with the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 5.5% | +4.5 points |
| Q2 2026 | -4.7% | -4.8 points |
| Q1 2026 | 2.8% | 0 points |
| Q4 2025 | 1.7% | -3.4 points |
| Q3 2025 | 1% | -5.2 points |
| Q2 2025 | 0.1% | -6.1 points |
| Q1 2025 | 2.9% | -2.9 points |
| Q4 2024 | 5.1% | -2.7 points |
RHI's operating margin was 5.5% last quarter, up 4.5 points from the same quarter a year ago.
RHI Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $57.7M | -9.2% |
| Q2 2026 | $101.5M | -2.5% |
| Q1 2026 | -$120.8M | -$49.1M |
| Q4 2025 | $170.8M | +22% |
| Q3 2025 | $63.6M | -43% |
| Q2 2025 | $104.2M | -20% |
| Q1 2025 | -$71.7M | -$44M |
| Q4 2024 | $140.5M | +37% |
RHI still generates free cash flow, though less than at its 2020 peak: $209M over the past year.
RHI Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.6% | +633K shares |
| 1 year | +0.9% | +899K shares |
| 3 years | -4.6% | -4.9M shares |
| 5 years | -9.5% | -10.6M shares |
| Available history | -13% | -15.5M shares |
RHI has 101M diluted shares, up 0.9% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | $33,000 |
| Q2 2026 | $618,000 |
| Q1 2026 | $6.1M |
| Q4 2025 | $24,000 |
| Q3 2025 | $21.1M |
| Q2 2025 | $21.1M |
| Q1 2025 | $49.9M |
| Q4 2024 | $80.5M |
RHI spent $7M buying back its own shares over the past year, down 96% from the year before.
RHI Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -2.6x | Net Cash |
| Q2 2026 | -5.3x | Net Cash |
| Q1 2026 | -2.2x | Net Cash |
| Q4 2025 | -3.6x | Net Cash |
| Q3 2025 | -2.1x | Net Cash |
| Q2 2025 | -1.5x | Net Cash |
| Q1 2025 | -1.0x | Net Cash |
| Q4 2024 | -1.4x | Net Cash |
RHI has more cash than debt.
RHI Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 57.3 | Neutral |
| Stochastic | 68.9 | Neutral |
RHI's weekly RSI is 57 (neutral) and its Stochastic is 69 (neutral).
RHI PE vs Industrials Sector
| Metric | RHI | Sector median | Relative |
|---|---|---|---|
| PE | 35x | 24x | 44% above |
| PE % | 98 | 58 | 40 pts above |
RHI is trading at 35x earnings, a 44% premium to the Industrials sector's median of 24x.
RHI Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $39.2 | 7% above |
| 20 week MA | $39.4 | 6.5% above |
| 50 week MA | $32.3 | 30% above |
| 100 week MA | $38.8 | 8.1% above |
| 200 week MA | $56.3 | 25% below |
RHI has bounced recently, but its long-term trend is still down: it's above its 8-, 20-, 50- and 100-week averages, but 25% below its 200-week average.
RHI Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $62.4 | $62.2 | -0.4% |
| 2021 | $62.2 | $109.2 | +76% |
| 2022 | $109.2 | $73.4 | -33% |
| 2023 | $73.4 | $87.9 | +20% |
| 2024 | $87.9 | $71.1 | -19% |
| 2025 | $71.1 | $27.7 | -61% |
| 2026 YTD | $27.7 | $42.0 | +51% |
RHI is up 51% so far in 2026, after finishing lower in four of the previous six years.