KFORCE INC financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data KFORCE INC files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	1,320	1,358	1,304	1,347	1,398	1,580	1,711	1,532	1,405	1,329
Cost of revenue	911	878	917	952	1,001	1,123	1,210	1,105	1,020	968
Gross profit	408	376	386	395	396	457	501	427	385	361
Selling, general and administrative	341	308	307	314	311	346	380	335	310	306
Operating expenses	353	321	319	324	321	358	399	342
Operating income	59.1	60	72.4	74.8	80.3	107	117	87.1	69.7	50.1
Other non-operating income	-3.1	-5.1	-4.52	-3.43	-5.04	-7.38	-14.4	-1.87	-2.1	-3.13
Pre-tax income	56	54.9	67.9	71.4	75.2	99.3	102	85.3	67.6	46.9
Income tax	23.2	25.3	17	16.8	19.2	24.1	27	24.2	17.2	12.1
Income from continuing operations	32.8	29.6	50.9	54.6	56	75.2
Net income	32.8	33.3	58	131	56	75.2	75.4	61.1	50.4	34.8
EBITDA	67.9	68.5	80.7	81.3	85.5	111	121	92.1	75.6	55.6
EPS, basic	1.26	1.32	2.34	5.64	2.67	3.65	3.76	3.18	2.71	1.97
EPS, diluted	1.25	1.30	2.30	5.50	2.62	3.54	3.68	3.13	2.68	1.96
Shares, basic (weighted)	26.1	25.2	24.7	23.2	21	20.6	20.1	19.2	18.6	17.7
Shares, diluted (weighted)	26.3	25.6	25.3	23.8	21.4	21.2	20.5	19.5	18.8	17.8
Dividend per share	0.48	0.48	0.60	0.72	0.80	0.98	1.20	1.44	1.52	1.56

Balance sheet

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	1.48	0.38	0.11	19.8	103	97	0.12	0.12	0.35	2.14
Receivables	206	226	211	218	228	265	269	233	216	190
Other current assets	10.7	12.1	8.02	7.48	6.99	6.79	8.14	10.9	9.37	9.67
Total current assets	219	245	248	245	339	372	278	244	225	202
Property, plant and equipment	43.1	39.7	34.3	30	26.8	5.96	8.65	9.42	7.72	6.02
Lease right-of-use assets				18.3	16.8	15.4	17.1	14.4	13.8	15.4
Goodwill	46	25	25	25	25	25	25	25	25	25
Intangible assets	3.64	3.3	2.95
Other non-current assets	30.5	38.6	36.7	72.8	77.6	92.6	75.8	75.9	94.7	129
Total assets	365	384	380	381	479	503	392	358	358	366
Accounts payable	20.3	21.6	18.8	20.3	20.2	40.2	49.6	42.8	38.3	40.2
Accrued liabilities	16.9	13.3	13.7	13	15.4	41.2	11.6	8.49	4.26	4.5
Short-term debt					0
Total current liabilities	83.4	83.7	90.4	85	108	160	131	103	112	114
Lease liabilities			0	14.6	14.7	11.9	16.4	12.3	11.9	13.2
Other non-current liabilities	44.8	47.2	44.9	63.9	90.9	54.6	52.8	54.3	58.1	60.9
Total liabilities	244	250	212	214	299	315	210	199	203	241
Paid-in capital	428	437	447	460	472	488	508	527	543	558
Retained earnings	175	195	237	351	389	443	493	525	546	552
Treasury stock	-482	-499	-518	-642	-677	-744	-819	-894	-935	-987
Other comprehensive income	0.18	0.1	1.3	-1.53	-4.42	0.62	0.01	0
Shareholders' equity	122	134	168	167	180	188	182	159	155	125
Total equity	122	134	168	167	180	188	182	159	155	125
Total liabilities and equity	365	384	380	381	479	503	392	358	358	366
Shares outstanding		71.5	71.9	72.2	72.6	73	73.2

Cash flow statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	32.8	33.3	58	131	56	75.2	75.4	61.1	50.4	34.8
Depreciation and amortization	8.8	8.51	8.27	6.48	5.26	4.5	4.43	5.01	5.92	5.55
Stock-based compensation	6.71	7.6	8.8	9.91	11.6	14	17.7	17.7	14	13.7
Deferred income tax	2.68	8.02	-0.4	-0.3	-2.22	2.71	3.08	1.65	-1.87	1.97
Change in receivables	-8.4	-20.5	-10.9	-5.36	-12.9	-37	-4.05	35.3	17.6	25.2
Change in payables	-1.92	-1.54	3.93
Cash from operations	39.8	29.3	87.7	66.6	109	72.9	90.8	91.5	86.9	61.6
Capital expenditures	-12.4	-5.85	-5.17	-10.4	-6.48	-6.44	-8.11	-7.76	-7.57	-14.8
Acquisitions	0
Purchases of investments	0	0
Sales and maturities of investments	0	0
Cash from investing	-12.4	-4.85	-4.17	103	-6.93	8.3	-14.3	-4.86	-7.56	-14.1
Stock issued	0.17	0.07	0
Share buybacks	-46	-14.6	-22.2	-124	-35.6	-66.2	-74.9	-75	-41.9	-50.9
Dividends paid	-12.4	-12.1	-14.9	-16.6	-16.8	-20.1	-24	-27.6	-28.2	-27.5
Cash from financing	-27.4	-25.6	-83.8	-150	-18.6	-87.7	-173	-86.6	-79.1	-45.7
Net change in cash	-0.02	-1.1	-0.27	19.7	83.7	-6.5	-96.9	-0	0.23	1.79
Free cash flow	27.4	23.5	82.6	56.3	103	66.5	82.7	83.7	79.3	46.8
Interest paid	2.1	3.52	3.81	1.48	2.57	2.45	0.89	0.9	1.99	3.76
Income taxes paid	21.3	24.3	13.4	24.9	21.7	24.3	16.6	28.6	9.78	19.9

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $51.56 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Gross margin	27.7%	Gross profit / revenue.
Operating margin	4.0%	Operating income / revenue.
EBITDA margin	4.4%	EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin	3.8%	Pre-tax income / revenue.
Net margin	2.7%	Net income / revenue.
FCF margin	1.7%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	2.7%	Cash from operations / revenue.
Effective tax rate	28.7%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	29.5%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	8.9%	Net income / average total assets.
Return on invested capital (ROIC)	31.4%	Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
SG&A / revenue	23.2%	Selling, general and administrative expense / revenue.
Stock-based pay / revenue	1.0%	Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue	1.0%	Capital expenditures / revenue.
D&A / revenue	0.4%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	-5.4%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	-8.1%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	-1.0%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y	-6.2%	Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y	-10.3%	Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y	-1.8%	Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating income growth, 1y	-28.2%	Operating income vs the same period a year earlier. Only from a positive base.
Operating income CAGR, 3y	-24.6%	Compound annual growth of operating income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating income CAGR, 5y	-9.0%	Compound annual growth of operating income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EBITDA growth, 1y	-26.5%	EBITDA vs the same period a year earlier. Only from a positive base.
EBITDA CAGR, 3y	-22.9%	Compound annual growth of ebitda over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EBITDA CAGR, 5y	-8.2%	Compound annual growth of ebitda over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	-30.9%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	-22.7%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y	-9.1%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	-26.9%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	-18.9%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 5y	-5.6%	Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	-29.0%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	-12.1%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	-10.8%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow growth, 1y	-41.0%	Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 3y	-17.3%	Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Free cash flow CAGR, 5y	-14.5%	Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Dividend per share growth, 1y	2.6%	Dividend per share vs the same period a year earlier. Only from a positive base.
Dividend per share CAGR, 3y	9.1%	Compound annual growth of dividend per share over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Dividend per share CAGR, 5y	14.3%	Compound annual growth of dividend per share over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	-19.4%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	-11.9%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	-7.1%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	2.2%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	-2.3%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	-5.3%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	-5.5%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	-4.6%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	-3.6%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	1.93x	Current assets / current liabilities.
Quick ratio	1.85x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	0.00x	(Cash + short-term investments) / current liabilities.
Liabilities / assets	69.9%	Total liabilities / total assets.
Working capital	$111.5M	Current assets - current liabilities.
Goodwill and intangibles / assets	6.1%	(Goodwill + intangible assets) / total assets.
Tangible book value	$98.6M	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	3.28x	Revenue / average total assets.
Fixed asset turnover	267x	Revenue / average property, plant and equipment.
Receivables turnover	6.09x	Revenue / average receivables.
Days sales outstanding	60 days	365 x average receivables / revenue.
Days payables	16 days	365 x average accounts payable / cost of revenue.
FCF conversion	61.8%	Free cash flow / net income, when net income is positive.
Capex / operating cash flow	37.9%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	$2.15	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share	$79.18	Revenue / diluted weighted shares.
FCF per share	$1.33	Free cash flow / diluted weighted shares.
Operating cash flow per share	$2.14	Cash from operations / diluted weighted shares.
Book value per share	$7.28	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$5.81	Tangible book value / shares outstanding.
Cash per share	$0.02	(Cash + short-term investments) / shares outstanding.
Payout ratio	74.2%	Dividends paid / net income, when net income is positive.
Dividends / FCF	120.0%	Dividends paid / free cash flow, when free cash flow is positive.
Buybacks / FCF	149.4%	Share buybacks / free cash flow, when free cash flow is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$923.4M	Share price x shares outstanding.
Enterprise value	$923.1M	Market cap + total debt - cash - short-term investments.
P/E	25.3x	Market cap / net income. Only when net income is positive.
P/S	0.69x	Market cap / revenue.
P/B	7.47x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	9.37x	Market cap / tangible book value, when positive.
P/FCF	40.9x	Market cap / free cash flow. Only when free cash flow is positive.
P/OCF	25.4x	Market cap / cash from operations, when positive.
EV/Sales	0.69x	Enterprise value / revenue.
EV/EBIT	17.0x	Enterprise value / operating income, when both are positive.
EV/EBITDA	15.5x	Enterprise value / EBITDA, when both are positive.
EV/FCF	40.9x	Enterprise value / free cash flow, when both are positive.
FCF yield	2.4%	Free cash flow / market cap.
Earnings yield	4.0%	Net income / market cap (the inverse of P/E).
Dividend yield	2.9%	Dividends paid over the period / market cap.
Shareholder yield	6.6%	(Dividends paid + share buybacks) / market cap.

What was KFORCE INC's revenue in fiscal 2025?

KFORCE INC reported revenue of $1.33B for fiscal 2025, 5.4% lower than the year before.

Was KFORCE INC profitable in fiscal 2025?

Yes. Net income was $34.8M, a net margin of 2.6%.

How much free cash flow did KFORCE INC generate in fiscal 2025?

Cash from operations of $61.6M minus capital expenditures of $14.8M left free cash flow of $46.8M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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