BARRETT BUSINESS SERVICES, INC.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.24B | $1.14B | $1.07B | $1.05B | $955.2M | $880.8M | $942.3M | $940.7M |
| Cost of Revenue | $979.4M | $891.3M | $826.8M | $819.5M | $750.7M | $697.9M | $734.1M | $754.0M |
| Gross Profit | $260.9M | $253.3M | $242.5M | $234.8M | $204.5M | $182.9M | $208.3M | $186.7M |
| Gross Margin | 21.0% | 22.1% | 22.7% | 22.3% | 21.4% | 20.8% | 22.1% | 19.8% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $190.5M | $185.9M | $174.8M | $169.6M | $155.3M | $141.9M | $153.9M | $145.5M |
| Operating Income | $62.2M | $59.8M | $60.7M | $59.0M | $43.9M | $36.1M | $50.5M | $37.0M |
| Operating Margin | 5.0% | 5.2% | 5.7% | 5.6% | 4.6% | 4.1% | 5.4% | 3.9% |
| Interest Expense | — | — | $166.0K | $141.0K | $372.0K | $1.2M | $1.8M | $1.1M |
| Pretax Income | $71.4M | $70.8M | $69.0M | $65.3M | $50.7M | $42.6M | $61.1M | $44.8M |
| Income Tax Expense | $17.0M | $17.8M | $18.4M | $18.0M | $12.6M | $8.8M | $12.8M | $6.7M |
| Net Income | $54.4M | $53.0M | $50.6M | $47.3M | $38.1M | $33.8M | $48.3M | $38.1M |
| Net Margin | 4.4% | 4.6% | 4.7% | 4.5% | 4.0% | 3.8% | 5.1% | 4.0% |
| EPS (Basic) | $2.13 | $2.03 | $1.88 | $1.66 | $1.26 | $1.12 | $1.62 | $1.30 |
| EPS (Diluted) | $2.08 | $1.98 | $1.85 | $1.64 | $1.25 | $1.10 | $1.57 | $1.25 |
| Shares Outstanding (Basic) | 25.6M | 26.1M | 26.9M | 28.5M | 30.2M | 30.3M | 29.8M | 29.4M |
| Shares Outstanding (Diluted) | 26.1M | 26.7M | 27.4M | 28.9M | 30.5M | 30.8M | 30.8M | 30.6M |
| Dividends Per Share | $0.32 | $0.31 | $0.30 | $0.30 | $0.30 | $0.30 | $0.28 | $0.25 |