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ManpowerGroup vs TrueBlue: revenue, profit, margins and growth compared

ManpowerGroup brought in $18B of revenue in fiscal 2025, TrueBlue $1.6B in fiscal 2025. Revenue changed by +0.6% at ManpowerGroup and +3.1% at TrueBlue on the year before, so TrueBlue grew faster. ManpowerGroup kept -0.1% of its revenue as net profit, TrueBlue -3.0%. Free cash flow was -$161.4M at ManpowerGroup and -$73.7M at TrueBlue.

Side by side, latest fiscal year

MANTBI
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 28, 2025)
Revenue$18B$1.6B
Revenue growth+0.6%+3.1%
Net income-$13.3M-$48M
Net margin-0.1%-3.0%
Free cash flow-$161.4M-$73.7M
Free cash flow margin-0.9%-4.6%
Earnings per share (diluted)-$0.29-$1.61
Cash$871M$24.5M
Debt$1.6B$65.8M
Price to earningsn/an/a
Market value$2.7B$287.4M
Dividend yield2.51%n/a
Rank by revenue in sector#66 of 778 · Consumer discretionary#390 of 778 · Consumer discretionary

Over the years

Revenue
MAN FY2018: $22BMAN FY2019: $20.9BMAN FY2020: $18BMAN FY2021: $20.7BMAN FY2022: $19.8BMAN FY2023: $18.9BMAN FY2024: $17.9BMAN FY2025: $18BTBI FY2018: $2.5BTBI FY2019: $2.4BTBI FY2020: $1.8BTBI FY2021: $2.2BTBI FY2022: $2.3BTBI FY2023: $1.9BTBI FY2024: $1.6BTBI FY2025: $1.6BFY18FY19FY20FY21FY22FY23FY24FY25
MAN $18BTBI $1.6B
Net income
MAN FY2018: $556.7MMAN FY2019: $465.7MMAN FY2020: $23.8MMAN FY2021: $382.4MMAN FY2022: $373.8MMAN FY2023: $88.8MMAN FY2024: $145.1MMAN FY2025: -$13.3MTBI FY2018: $65.8MTBI FY2019: $63.1MTBI FY2020: -$141.8MTBI FY2021: $61.6MTBI FY2022: $62.3MTBI FY2023: -$14.2MTBI FY2024: -$125.7MTBI FY2025: -$48MFY18FY19FY20FY21FY22FY23FY24FY25
MAN -$13.3MTBI -$48M
Net margin
MAN FY2018: 2.5%MAN FY2019: 2.2%MAN FY2020: 0.1%MAN FY2021: 1.8%MAN FY2022: 1.9%MAN FY2023: 0.5%MAN FY2024: 0.8%MAN FY2025: -0.1%TBI FY2018: 2.6%TBI FY2019: 2.7%TBI FY2020: -7.7%TBI FY2021: 2.8%TBI FY2022: 2.8%TBI FY2023: -0.7%TBI FY2024: -8.0%TBI FY2025: -3.0%FY18FY19FY20FY21FY22FY23FY24FY25
MAN -0.1%TBI -3.0%
Revenue growth
MAN FY2019: -5.1%MAN FY2020: -13.7%MAN FY2021: +15.1%MAN FY2022: -4.3%MAN FY2023: -4.6%MAN FY2024: -5.6%MAN FY2025: +0.6%TBI FY2019: -5.2%TBI FY2020: -22.1%TBI FY2021: +17.7%TBI FY2022: +3.7%TBI FY2023: -15.4%TBI FY2024: -17.8%TBI FY2025: +3.1%FY19FY20FY21FY22FY23FY24FY25
MAN +0.6%TBI +3.1%
Free cash flow
MAN FY2018: $418.4MMAN FY2019: $761.5MMAN FY2020: $885.7MMAN FY2021: $580.6MMAN FY2022: $347.7MMAN FY2023: $270MMAN FY2024: $258.1MMAN FY2025: -$161.4MTBI FY2018: $108.6MTBI FY2019: $65.4MTBI FY2020: $125.5MTBI FY2021: -$14.6MTBI FY2022: $89.9MTBI FY2023: $3.5MTBI FY2024: -$41.2MTBI FY2025: -$73.7MFY18FY19FY20FY21FY22FY23FY24FY25
MAN -$161.4MTBI -$73.7M

Fiscal years as each company reports them; the two may end in different months.

Questions about ManpowerGroup and TrueBlue

Which is bigger by revenue, ManpowerGroup or TrueBlue?

ManpowerGroup is bigger by revenue: $18B in fiscal 2025, against $1.6B for TrueBlue in fiscal 2025.

Which keeps more of its revenue as profit, ManpowerGroup or TrueBlue?

ManpowerGroup had a net margin of -0.1% in fiscal 2025; TrueBlue had -3.0% in fiscal 2025.

Which grew revenue faster, ManpowerGroup or TrueBlue?

In their latest fiscal years revenue changed by +0.6% at ManpowerGroup and +3.1% at TrueBlue.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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