OverviewSuggest Edit

Barrett Business Services provides business management solutions for small and medium-sized companies. The Company has a management platform that integrates a knowledge-based approach from the management consulting industry with tools from the human resource outsourcing industry. It offers professional employer services, assuming responsibility for payroll, payroll taxes, workers' compensation coverage, and certain other administration functions for the client's existing workforce. Barrett Business Services also provides staffing and recruiting services.

TypePublic
Founded1951
HQVancouver, US
Websitebarrettbusiness.com
Employee Ratings3.2
Culture scoreF

Latest Updates

Employees (est.) (Dec 2019)127,085(+4%)
Revenue (FY, 2019)$942.3 M
Share Price (May 2020)$44.5

Key People/Management at Barrett Business Services

Michael Elich

Michael Elich

CEO
Gary Kramer

Gary Kramer

CFO
Gregory Vaughn

Gregory Vaughn

Chief Operating Officer, Corporate Operations
Gerald Blotz

Gerald Blotz

COO
Heather Gould

Heather Gould

VP, Chief Strategy Officer
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Barrett Business Services Office Locations

Barrett Business Services has offices in Vancouver, Albany, Bakersfield, Bend and in 67 other locations
Vancouver, US (HQ)
8100 NE Parkway Dr #200
Albany, US
421 NE Water Ave #2200
Bakersfield, US
1675 Chester Ave #100
Bend, US
497 SW Century Dr #101
Berwyn, US
1235 Westlakes Dr #100
Boardman, US
202 N Main St #4
Show all (77)

Barrett Business Services Financials and Metrics

Barrett Business Services Revenue

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Barrett Business Services's revenue was reported to be $942.31 m in FY, 2019
USD

Revenue (Q1, 2020)

219.1m

Gross profit (Q1, 2020)

26.1m

Gross profit margin (Q1, 2020), %

11.9%

Net income (Q1, 2020)

(3.4m)

EBIT (Q1, 2020)

(7.1m)

Market capitalization (21-May-2020)

335.5m

Closing stock price (21-May-2020)

44.5

Cash (31-Mar-2020)

14.3m

EV

351.7m
Barrett Business Services's current market capitalization is $335.5 m.
Annual
USDFY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Revenue

740.8m840.6m920.4m940.7m942.3m

Revenue growth, %

16%13%9%2%

Cost of goods sold

611.4m695.1m761.9m754.0m734.1m

Gross profit

129.5m145.5m158.5m186.7m208.3m
Quarterly
Annual
USDFY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Cash

25.2m50.8m59.8m35.4m44.6m

Accounts Receivable

90.5m126.5m136.7m151.6m163.6m

Prepaid Expenses

3.2m3.9m5.7m13.9m14.9m

Current Assets

227.0m235.4m308.2m321.7m423.8m
Annual
USDFY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Net Income

25.5m18.8m25.2m38.1m48.3m

Depreciation and Amortization

2.9m3.3m5.5m4.2m3.9m

Accounts Payable

498.0k1.7m222.0k(830.0k)1.7m

Cash From Operating Activities

100.6m80.3m112.9m69.8m77.1m
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Net Income

(8.0m)519.0k10.8m(11.2m)(101.0k)14.7m(9.1m)2.1m21.2m(2.3m)11.6m36.6m(3.4m)

Depreciation and Amortization

749.0k1.5m2.3m942.0k1.9m3.0m1.0m2.3m3.2m969.0k1.9m2.9m1.0m

Accounts Payable

723.0k1.2m1.3m(1.4m)1.0k(911.0k)(1.3m)(1.2m)(702.0k)1.0m488.0k1.1m(1.7m)

Cash From Operating Activities

(7.8m)4.5m57.3m(858.0k)14.2m60.5m(2.2m)16.5m46.9m30.8m38.9m57.5m1.0m
USDY, 2020

EV/EBIT

-49.8 x

EV/CFO

337.9 x

Financial Leverage

5.3 x
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Barrett Business Services Operating Metrics

Barrett Business Services's Customers was reported to be 6.5 k in FY, 2016.
FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Branches

54 55 57 58 62

Customers

5.49 k5.97 k6.50 k

PEO Customers

3.67 k4.20 k4.97 k5.60 k6.40 k

Staffing Services Customers

1.83 k1.77 k1.53 k
Show all operating metrics

Barrett Business Services Acquisitions / Subsidiaries

Company NameDateDeal Size
First Employment ServicesFebruary 01, 2008$5 m
Phillips TempsNovember 06, 2007$1.60 m
Strategic StaffingMay 10, 2007$12 m
Pro HRDecember 20, 2005$5.50 m
Associated Insurance Company for Excess
BBS I, LLC
Ecole Insurance Company

Barrett Business Services Revenue Breakdown

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Barrett Business Services revenue breakdown by business segment: 84.3% from Professional Employer Service Fees and 15.7% from Staffing Services

Barrett Business Services Online and Social Media Presence

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Barrett Business Services Company Culture

  • Overall Culture

    F

    43/100

  • CEO Rating

    F

    50/100

  • Compensation

    D

    55/100

Learn more on Comparably

Barrett Business Services News and Updates

Barrett Business Services settles accounting fraud charges: SEC

The U.S. Securities and Exchange Commission said on Thursday that Barrett Business Services Inc and the company's former controller, Mark Cannon, have agreed to settle civil charges of accounting fraud involving workers' compensation.

Barrett Business Services, ex-controller settle accounting fraud charges -SEC

The U.S. Securities and Exchange Commission said on Thursday that Barrett Business Services Inc and the company's former controller, Mark Cannon, have agreed to settle charges of accounting fraud involving workers' compensation expenses.

Barrett Business Services, ex-CFO settle accounting fraud charges: SEC

The U.S. Securities and Exchange Commission said on Thursday that Barrett Business Services Inc and the company's former chief financial officer have agreed to settle charges of accounting fraud involving workers' compensation expenses.

Barrett Business Services, ex-CFO settle accounting fraud charges -SEC

The U.S. Securities and Exchange Commission said on Thursday that Barrett Business Services Inc and the company's former chief financial officer have agreed to settle charges of accounting fraud involving workers' compensation expenses.

Barrett Business Services Frequently Asked Questions

  • When was Barrett Business Services founded?

    Barrett Business Services was founded in 1951.

  • Who are Barrett Business Services key executives?

    Barrett Business Services's key executives are Michael Elich, Gary Kramer and Gregory Vaughn.

  • How many employees does Barrett Business Services have?

    Barrett Business Services has 127,085 employees.

  • What is Barrett Business Services revenue?

    Latest Barrett Business Services annual revenue is $942.3 m.

  • What is Barrett Business Services revenue per employee?

    Latest Barrett Business Services revenue per employee is $7.4 k.

  • Who are Barrett Business Services competitors?

    Competitors of Barrett Business Services include Tatum, eLamp and Terminal.

  • Where is Barrett Business Services headquarters?

    Barrett Business Services headquarters is located at 8100 NE Parkway Dr #200, Vancouver.

  • Where are Barrett Business Services offices?

    Barrett Business Services has offices in Vancouver, Albany, Bakersfield, Bend and in 67 other locations.

  • How many offices does Barrett Business Services have?

    Barrett Business Services has 77 offices.