# Kforce Inc. (KFRC)

> Source: Nexqual · https://nexqual.com/KFRC · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, Kforce Inc. (KFRC), nexqual.com/KFRC" · informational, not investment advice.

**Price:** USD 53.66 (+4.40% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 51.4 · day 51.5–53.73 · 52w 24.49–61.68 · market cap $961M · NYQ

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $1.34B, net income $36.5M (2.7% margin), free cash flow $22.6M (SEC filings).
- Valuation: P/E 26.3x (avg 19.5x at the last 3 fiscal year-ends).
- Analysts: Hold (mean 2.60 on a 1–5 scale) (5 analysts), mean target USD 60.67 (range 59–63).
- Total return with dividends: 1Y +103.4% vs S&P 500 +14.9%; 5Y -5.0% vs S&P 500 +80.3%.
- Next earnings: 2026-10-26, EPS estimate USD 0.76, revenue estimate $354M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $1.58B | $1.71B | $1.53B | $1.41B | $1.33B | $1.34B |
| Gross profit | $457M | $501M | $427M | $385M | $361M | — |
| Operating income | $107M | $117M | $87.1M | $69.7M | $50.1M | $54.3M |
| Net income | $75.2M | $75.4M | $61.1M | $50.4M | $34.8M | $36.5M |
| EPS (diluted) | $3.54 | $3.68 | $3.13 | $2.68 | $1.96 | — |
| Free cash flow | $66.5M | $82.7M | $83.7M | $79.3M | $46.8M | $22.6M |
| Gross margin | 28.9% | 29.3% | 27.9% | 27.4% | 27.2% | — |
| Operating margin | 6.7% | 6.8% | 5.7% | 5.0% | 3.8% | 4.0% |
| Net margin | 4.8% | 4.4% | 4.0% | 3.6% | 2.6% | 2.7% |
| Revenue growth | +13.0% | +8.3% | -10.5% | -8.3% | -5.4% | — |
| Cash + short-term investments | $97.0M | $121K | $119K | $349K | $2.1M | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 26.3x · P/S 0.7x · P/FCF 42.6x · P/B 7.8x · FCF yield 2.35% · Earnings yield 3.80% · Dividend yield (paid, TTM) 2.82% · Buyback yield (TTM) 3.51%
P/E at fiscal year-ends: Dec 2025 15.8x, Dec 2024 21.2x, Dec 2023 21.6x.

## Analysts
Consensus Hold (mean 2.60 on a 1–5 scale), 5 analysts; mean target USD 60.67 (low 59, high 63).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-07-28 | Baird | Target raised | Outperform | $42 → $63 |
| 2026-07-22 | Truist Securities | Target raised | Hold | $38 → $60 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | +103.4% | -5.0% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +103.9% | -1.0% |
| Volatility (annualized) | 60.1% | 38.3% |
| Max drawdown | -29.3% (Feb 2026→Feb 2026) | -64.6% (Nov 2021→Oct 2025) |

## Peers (Staffing & Employment Services)
KELYB (Kelly Services, Inc.) USD 26 +0.00% · BBSI (Barrett Business Services, Inc.) USD 32.81 +3.08% · NSP (Insperity, Inc.) USD 53.48 +6.58% · MAN (ManpowerGroup) USD 46.6 +4.39% · TNET (TriNet Group, Inc.) USD 74.62 +5.05% · RHI (Robert Half Inc.) USD 37.68 +8.78%

## More
Full page: https://nexqual.com/KFRC · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Revenue by business segment (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Technology | $323.9M | 92.7% | +4.3% |
| FA | $25.5M | 7.3% | +7.0% |
| Total revenue | $349.3M | 100% | — |

## Revenue by product line (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Flex revenue | $320.0M | 91.6% | +4.0% |
| Direct Hire revenue | $3.8M | 1.1% | +43.2% |
| Total revenue | $349.3M | 100% | — |
The lines above cover 92.7% of total revenue.

## Company outlook (8-K filed 2026-07-27)

- "Blackman, Chief Corporate Development Officer (813) 552-2927 CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS All statements in this press release, other than those of a historical nature, are forward-looking statements including, but not limited to, statements regarding the traction of our go-to market approach and the Firm's guidance for the third quarter of 2026."

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $0.76 | $0.69 | +9.9% | $354.3M | 5 |
| Next quarter (ends 2026-12-31) | $0.60 | $0.56 | +6.1% | $349.5M | 5 |
| Current fiscal year (ends 2026-12-31) | $2.54 | $2.41 | +5.5% | $1.40B | 5 |
| Next fiscal year (ends 2027-12-31) | $3.09 | $2.93 | +5.3% | $1.44B | 5 |

## Options: expected move (Cboe, 15-min delayed)

Expected move by 2026-11-20 (includes earnings 2026-10-26): ±16.3%; last 8 reports averaged ±14.2%.

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-11-20 | 28 | 71.0% | ±16.3% |
| 2026-12-18 | 56 | 57.5% | ±18.4% |
| 2027-01-15 | 84 | 52.2% | ±20.3% |
| 2027-04-16 | 175 | 51.2% | ±28.2% |