KELYB Financials KELLY SERVICES INC

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated 29 h ago Overview →

Growth & profitability

Revenue has declined 1.5% per year over the past 5 years.
Operating margin has been roughly flat, at -1.6% in the latest year.
Free cash flow has declined 9.6% per year over the past 5 years.

Financial health

Total debt ($102M) exceeds cash ($33M); net debt is $69M.
Operating income covered interest expense -5.6× in the latest year, up from -31.2× 5 years ago.

Shareholder returns

Dividends have been paid for 4 consecutive years, consuming 9.6% of free cash flow.
The dividend has grown 38.4% per year over the past 5 years.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	FCF	Total debt	Cash
2025	$4.3B	-$600000	20.1%	-1.6%	$114M	$102M	$33M
2024	$4.3B	-$600000	20.4%	-0.3%	$16M	$239M	$39M
2023	$4.8B	$36M	19.9%	0.5%	$61M	$0	$126M
2023	$5.0B	-$63M	20.4%	0.3%	-$88M	—	$154M
2022	—	-$63M	—	—	—	—	—
2022	$4.9B	$156M	18.7%	1.0%	$74M	—	$113M
2021	—	$156M	—	—	—	—	—
2021	$4.5B	-$72M	18.3%	-2.1%	$171M	—	$223M
2019	$5.4B	$112M	18.1%	1.5%	$82M	—	$26M
2018	$5.5B	$23M	17.6%	1.6%	$36M	—	$35M
2017	$5.4B	$72M	17.8%	1.5%	$46M	—	$33M
2017	—	$121M	—	—	$27M	—	$30M
2016	—	$54M	—	—	$8M	—	$42M
2014	—	$24M	—	—	-$92M	—	$83M
2013	—	$59M	—	—	$95M	—	$126M

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	FCF	Total debt	Cash
Mar '26	$1.0B	-$6M	18.9%	-0.5%	-$27M	$131M	$26M
Dec '25	$1.0B	-$129M	18.8%	-0.1%	$27M	$102M	$33M
Sep '25	$935M	-$150M	20.7%	-10.9%	-$28M	$118M	$30M
Jun '25	$1.1B	$19M	20.5%	2.0%	$93M	$74M	$18M
Mar '25	$1.2B	$6M	20.3%	0.9%	$21M	$205M	$28M
Dec '24	$1.2B	-$32M	20.3%	-4.8%	$13M	$239M	$39M
Sep '24	$1.0B	$800000	21.4%	0.3%	-$23M	$228M	$33M
Jun '24	$1.1B	$5M	20.2%	1.2%	$55M	$210M	$38M
Mar '24	$1.0B	$26M	19.7%	2.6%	-$29M	—	$201M
Dec '23	$1.2B	$11M	19.3%	0.6%	$40M	$0	$126M
Oct '23	$1.1B	$7M	20.4%	0.0%	$7M	—	$117M
Jul '23	$1.2B	$8M	19.8%	0.5%	$32M	—	$125M
Apr '23	$1.3B	$11M	20.0%	0.8%	-$18M	—	$112M
Jan '23	$1.2B	-$900000	20.3%	0.4%	$29M	—	$154M
Dec '22	—	-$900000	—	—	—	—	—
Oct '22	$1.2B	-$16M	20.6%	-1.8%	-$7M	—	$122M
Jul '22	$1.3B	$2M	20.7%	0.6%	-$3M	—	$134M
Apr '22	$1.3B	-$48M	19.9%	1.8%	-$108M	—	$230M
Jan '22	$1.3B	$72M	19.7%	1.2%	$50M	—	$113M
Dec '21	—	$72M	—	—	—	—	—

Valuation over time

How the market has priced KELYB against its own fundamentals since 2023-04 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

The price-to-earnings ratio has fallen from 19.3× (Jan '24) to 13.1× (Dec '24).
The price-to-sales ratio has risen from 0.1× (Apr '23) to 0.1× (Jun '26).
The dividend yield has fallen from 1.9% (Apr '23) to 1.7% (Jun '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Dividend yield (%)

Dividend yield %

Frequently asked questions

Is KELYB growing its revenue and profit?

Over the past 5 years, KELLY SERVICES INC's revenue has declined 1.5% per year. These are computed facts, not advice.

How much debt does KELYB have?

As of FY2025, KELLY SERVICES INC reported $102M of total debt against $33M of cash; operating income covered interest expense -5.6×.

What is KELYB's profit margin?

In FY2025, gross margin was 20.1%, operating margin -1.6%, and net margin -0.0%.

What is KELYB's P/E ratio?

As of Jun '26, KELLY SERVICES INC traded at a price-to-earnings ratio of about 13.1× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.