Robert Half International

0KX9.L

Staffing & Employment Services · Industrials

Price

42.58 GBp

-0.35 (-0.83%)

Market Cap

£4.25B

Exchange

London Stock Exchange

Winston Score

Winston is serious

Mixed quality — meaningful strengths and weaknesses.

Data as of Aug 10, 2026 · filings through Jun 30, 2026

Share count falling — buybacks

−10.2% over 4y

The company has reduced its share count over this period, returning value to shareholders through buybacks.

Diluted shares outstanding: 111.7M (2021) → 100.3M (2025)

Robert Half International helps businesses find workers when they need extra help. The company specializes in placing skilled professionals — mainly accountants, finance staff, lawyers, and technology workers — into temporary or permanent jobs at other companies. It also runs Protiviti, an internal consulting division that helps businesses manage risk and improve operations.

Robert Half makes money by charging client companies a fee based on the hours or salaries of the workers it places. It operates primarily in the United States but also has offices in Europe, Asia, and Australia, giving it a broad geographic footprint for a staffing firm. The company has built a reputation over decades in specialized finance and accounting roles, which is harder to replicate than general staffing. However, with an operating margin of just 1.4%, the business is sensitive to economic slowdowns — when companies freeze hiring, revenue and profits can fall quickly, which is the main risk investors watch closely.

Winston Score History

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-2.4% YoY

YoY Growth Rate

Revenue declining

EPS Growth

-36.6% YoY

YoY Growth Rate

Earnings declining

R&D Spend

$0/ year

0.0% of revenue

Below sector average (4%)

Research and development spending

Insider Activity

9.5%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Runway

~7 months

$278M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Short runway — potential dilution ahead through share issuance

Cash watch

Robert Half International has less than a year of cash at its current burn rate. Growth investors should watch for potential share dilution from future fundraising — that directly reduces your ownership.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Gross Margin

35.5%

Modest — 35.5% gross margin

Operating Margin

-4.7%

Losing money on operations — -4.7%

ROCE

-4.8%

Weak — -4.8% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales YoY

-4.9%

Shrinking sales (-4.9% YoY)

EPS YoY

-34.3%

Earnings shrinking (-34.3% YoY)

Earnings per share down more than 10%. Either a bad year, or a real decline.

EPS Consistency

0/8 quarters

Earnings rarely grow — volatile business

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Cash Flow

Cash Conversion

233%

Turns 233% of profit into real cash

FCF Margin

4.1%

Thin free cash flow (4.1%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

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Stability

Debt / Equity

0.06

Conservative — low debt load (0.06)

Interest Cover

100.00x

—

Comfortably covers interest (100.0x)

Interest coverage above 8. Profits cover interest many times over.

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Valuation

P/E Ratio (TTM)

0.4x

Attractive valuation — P/E 0.4

P/E under 10. The price tag is small relative to last year's profit.

P/E vs Forward

-20.0

SLOWING

Earnings expected to fall — forward P/E higher than today

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Dividends

Dividend Yield

5.76%

Healthy income — 5.76% yield

Generous yield. Worth checking whether the payout is sustainable.

Dividend Growth

+5.4%

Dividend growing modestly (5.4% YoY)

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