Barrett Business Services (BBSI)
Runs payroll, HR, benefits, workers' compensation, consulting, and staffing support for U.S. employers.
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Provides PEO and staffing services for small and midsize U.S. employers, bundling payroll, HR, benefits, workers' compensation, risk management, recruiting, and local business consulting. Revenue comes mainly from co-employment relationships, with operations entirely in the United States and heavily tied to California.
Provides professional employer services and staffing for small and midsize employers. The PEO model creates co-employment arrangements in which BBSI handles payroll, payroll taxes, HR administration, selected benefits, workers' compensation, and risk and safety programs, while clients keep workplace control and hiring authority.
Operates entirely in the United States through a decentralized local-market structure. Service teams combine business consulting with HR outsourcing tools, including the myBBSI platform, retirement plans, learning management, talent acquisition, and short-term or contract staffing.
Reports through a single segment, with revenue mainly from PEO service fees rather than direct client wage payments. California is the largest operating concentration, and margins depend on pricing and managing workers' compensation, benefits, labor-market, and state regulatory conditions.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 6, 2026 | Barrington | Target | Target: $46 | Target: $44 |
| Aug 6, 2026 | Roth Capital | Downgrade | Target: — | Target: $38 |
| Aug 6, 2026 | Macquarie | Downgrade | Rating: —Target: — | Target: $38 |
| Nov 6, 2025 | Barrington | Target | Target: — | Target: $46 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $67.9M · Total debt $24.5M · Total assets $711.3M · Shareholders' equity $203.8M
- Revenue
- $319.3M
- Operating income
- $15.4M
- Net income
- $12.9M
HistoryDividendAnnual yield
| Institutions | 90.33% | 21.89M shares | |
|---|---|---|---|
| 200 holders · as of Jun 30, 2026 | |||
| Insiders | 4.16% | 1.01M shares | |
| 12 holders · as of Jul 7, 2026 | |||
| Other | 5.51% | 1.34M shares | |
| remainder | |||
24.24M company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 8.46% | 2.05M | as of Jun 30, 2026 |
Thrivent Financial for LutheransInstitution | 7.05% | 1.71M | as of Jun 30, 2026 |
Royce & Associates LPInstitution | 5.34% | 1.30M | as of Jun 30, 2026 |
Mawer Investment Management Ltd.Institution | 5.08% | 1.23M | as of Jun 30, 2026 |
Private Capital Management, LLCInstitution | 4.99% | 1.21M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jul 2, 2026 | Anthony Meeker | director | −12,000 | $37.85 |
| Jul 7, 2026 | James R. Potts | officer: EVP Gen Counsel & Secretary | −3,490 | $38.00 |
| Jul 6, 2026 | James R. Potts | officer: EVP Gen Counsel & Secretary | −3,487 | $37.55 |
| Jul 2, 2026 | James R. Potts | officer: EVP Gen Counsel & Secretary | −1,802 | $38.00 |
| May 13, 2026 | Mark Steven Finn | director | +1,000 | $28.60 |
- Paychex
Broad SMB payroll, HR, PEO, and insurance overlap
- ADP
Broad payroll, HCM, and large-scale PEO overlap
- TriNet Group
Direct co-employment PEO and SMB HR platform peer
- Insperity
PEO HR outsourcing peer with payroll, benefits, and risk overlap
- Robert Half
Specialized staffing and permanent-placement overlap
- ManpowerGroup
Global staffing, recruitment, MSP, and workforce consulting overlap
- Kelly Services
Specialty staffing, outsourcing, and payroll-process overlap
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Barrett Business Services | $32.98 | −0.84% | $816.9M | 24.5 | 18.0 | 0.6 | +3.8% |
| Paychex | $104.15 | −9.06% | $40.74B | 23.5 | 17.2 | 6.3 | +5.9% |
| ADP | $263.20 | −2.39% | $107.78B | 24.6 | 21.5 | 4.9 | +6.8% |
| TriNet Group | $65.64 | −1.60% | $3.06B | 17.9 | 15.5 | 0.6 | −4.9% |
| Insperity | $49.05 | −2.42% | $1.92B | — | 20.3 | 0.3 | +1.7% |
| Robert Half | $37.01 | −1.52% | $3.84B | 32.7 | 23.4 | 0.7 | −2.4% |
| ManpowerGroup | $56.79 | −1.46% | $2.68B | 26.1 | 13.9 | 0.1 | +7.5% |
| Kelly Services | $16.50 | −0.99% | $577.6M | — | 10.7 | 0.1 | −5.6% |
| Median | 24.6 | 17.2 | 0.6 | +1.7% |