Robert Half
RHI on NYSE. Robert Half sells staffing and consulting services to businesses. Market value $3.5bn.
Price checks use the past 12 months to June 2026. Quality checks use five annual reports, the latest for the year to December 2025.
We can't read total debt from the filing, so debt is left out.
Should I look at this?
Not a fit for our list right now
Why it could be worth it
See Technology stocks that passed both tests
This is not advice. Check the numbers below.
For every $100 of what the whole company costs, it produced $6.24 of spare cash in the past 12 months. A savings account pays about $4.
The filings do not give us enough to work this out.
The filings do not give us enough to work this out.
Quality score: 53 of 100. Price score: 68 of 100. Our list needs 70 on quality and 60 on price.
$33.67 a share, 54% above its 1-year low
Over the past year the price has ranged from $21.83 to $46.70.
Dividend: 6.9% a year
Paid every year for at least 5 years
Prices from Tuesday’s close (6 October).
Five years of cash, in billions
| Revenue | |||||
| Revenue | $6.5bn | $7.2bn | $6.4bn | $5.8bn | $5.4bn |
| Operating margin | |||||
| Operating margin | 12.5% | 12.3% | 7.3% | 4.2% | 1.4% |
| Debt to equity | |||||
| Debt to equity | n/a | n/a | n/a | n/a | n/a |
| Shares outstanding | |||||
| Shares outstanding | 0.11bn | 0.11bn | 0.10bn | 0.10bn | 0.10bn |
Health checks
- Free cash flow positive5 of 5 years
- Accounting looks honest (Beneish)Not enough data
- Financial strength (Piotroski)5 of 8 checks we could run
- Profit backed by cash (accruals)Yes
- DebtUnknown
- Revenue growth, five yearsSlow, 1.0% a year
- Buying back its own sharesYes, 6% fewer since 2021
The quarter to June 2026
How the business did, compared with the same quarter a year earlier.
- Sales: $1.3 billion last quarter, down 2% on a year ago.
- Profit: $26 million, down 36% on a year ago.
- It keeps 0 cents of each $1 of sales as operating profit, down from 3 cents a year earlier.
- Spare cash over the past 12 months: $215 million, down from $285 million.
- About the same number of shares as a year ago.
- Sales did not grow on a year ago in any of the last 4 quarters.
| Quarter to | Amount |
|---|---|
| September 2024 | $1.5bn |
| December 2024 | $1.4bn |
| March 2025 | $1.4bn |
| June 2025 | $1.4bn |
| September 2025 | $1.4bn |
| December 2025 | $1.3bn |
| March 2026 | $1.3bn |
| June 2026 | $1.3bn |
| Quarter to | Amount |
|---|---|
| September 2024 | $65m |
| December 2024 | $54m |
| March 2025 | $17m |
| June 2025 | $41m |
| September 2025 | $43m |
| December 2025 | $32m |
| March 2026 | $14m |
| June 2026 | $26m |
From the company's quarterly reports to the SEC.
Dates
- Next results (estimated)
- n/a
- Last annual report (10-K)
- 13 February 2026
- Next quarterly (estimated, 10-Q)
- 3 November 2026
Who owns it
11 long-term investors we follow own it, up from 10 last quarter. 445 funds in all.
- Hotchkis & WileyHotchkis & Wiley team
- Value
- $42m
- Share of fund
- 0.1%
- Boston PartnersBoston Partners team
- Value
- $41m
- Share of fund
- <0.1%
- Heartland AdvisorsBill Nasgovitz
- Value
- $5m
- Share of fund
- 0.2%
| Fund | Value | Share of that fund | Change |
|---|---|---|---|
| Orbis Investment ManagementOrbis team (Allan Gray lineage) | $303m | 1.0% | Added |
| Pzena Investment ManagementRichard Pzena | $191m | 0.6% | Added |
| Fiduciary Management (FMI)Pat English | $47m | 0.7% | Cut |
| Hotchkis & WileyHotchkis & Wiley team | $42m | 0.1% | |
| Boston PartnersBoston Partners team | $41m | <0.1% | |
| Third Avenue ManagementMatthew Fine | $37m | 5.9% | Added |
| Royce & AssociatesChuck Royce | $19m | 0.2% | Added |
| Kiltearn PartnersKiltearn team | $9m | 2.3% | Cut |
| Gotham Asset ManagementJoel Greenblatt | $7m | <0.1% | Added |
| Heartland AdvisorsBill Nasgovitz | $5m | 0.2% | |
| GMOJeremy Grantham | $200,041 | <0.1% | New |
Largest holders overall
- BlackRock$410mAdded
- Orbis Investment Management$303mAdded
- AQR Capital Management$217mAdded
- Pzena Investment Management$191mAdded
- Vanguard Portfolio Management$165m
- State Street$142m
- Vanguard Capital Management$136m
- Capital World Investors$129mCut
- Charles Schwab Investment Management$118mAdded
- Quantinno Capital Management LP$115mAdded
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
6 investors own more than 5%.
- BlackRock, Inc.Passive investor11.4%−2.8 ptsSince 31 March 2026
- ORBIS INVESTMENT MANAGEMENT LTDPassive investor9.7%+2.2 ptsSince 30 June 2026
- AQR Capital Management, LLCPassive investorat least 6.3%−1.3 pts(filed with 1 related holder)Since 31 December 2025
- Pzena Investment ManagementPassive investor5.9%Since 31 March 2026
- Vanguard Portfolio ManagementPassive investor5.3%Since 31 March 2026
- Vanguard Capital ManagementPassive investor5.1%Since 31 March 2026
- Capital World InvestorsPassive investorSold down below 5%Since 30 June 2026
- Boston PartnersPassive investorSold down below 5%Since 31 March 2025
- Mawer Investment ManagementPassive investorSold down below 5%Since 30 June 2025
- Capital Research Global InvestorsPassive investorSold down below 5%Since 31 December 2025
- Allan Gray Australia Pty LtdPassive investorSold down below 5%Since 31 March 2026
- The Vanguard GroupPassive investorSold down below 5%Since 13 March 2026
| Holder | Stake | Since | |
|---|---|---|---|
BlackRock, Inc. Passive investor | 11.4%−2.8 pts | 31 March 2026 | |
ORBIS INVESTMENT MANAGEMENT LTD Passive investor | 9.7%+2.2 pts | 30 June 2026 | |
AQR Capital Management, LLC Passive investor | at least 6.3%−1.3 pts (filed with 1 related holder) | 31 December 2025 | |
Pzena Investment Management Passive investor | 5.9% | 31 March 2026 | |
Vanguard Portfolio Management Passive investor | 5.3% | 31 March 2026 | |
Vanguard Capital Management Passive investor | 5.1% | 31 March 2026 | |
Capital World Investors Passive investor | Sold down below 5% | 30 June 2026 | |
Boston Partners Passive investor | Sold down below 5% | 31 March 2025 | |
Mawer Investment Management Passive investor | Sold down below 5% | 30 June 2025 | |
Capital Research Global Investors Passive investor | Sold down below 5% | 31 December 2025 | |
Allan Gray Australia Pty Ltd Passive investor | Sold down below 5% | 31 March 2026 | |
The Vanguard Group Passive investor | Sold down below 5% | 13 March 2026 |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
No insider bought shares on the open market in the last 12 months. 1 sold $187,799.
- Kempthorne Dirk ADirectorSold
- Date
- 28 October 2025
- Shares
- 6,505
- Price
- $28.87
- Value
- $187,799
| Date | Who | Did | Shares | Price | Value |
|---|---|---|---|---|---|
| 28 October 2025 | Kempthorne Dirk A Director | Sold | 6,505 | $28.87 | $187,799 |
From Form 4 filings: insiders must report trades in their own company's shares within two days.
What could go wrong
- Sales have barely grown: 1.0% a year.
Whether the price already reflects the risks is what the deep dive is for.
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.