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.

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TypePublic
Founded1951
HQVancouver, US
Websitebarrettbusiness.com
Employee Ratings2.7

Latest Updates

Employees (est.) (Feb 2019)124,212
Job Openings4
Revenue (FY, 2017)$920.4 M(+10%)
Share Price (Feb 2019)$70.8 (+5%)

Key People/Management at Barrett Business Services

Michael Elich

Michael Elich

CEO
Gerald Blotz

Gerald Blotz

VP, COO
Heather Gould

Heather Gould

Chief Strategy Officer
Thomas Cusick

Thomas Cusick

Director
James Hicks

James Hicks

Director
Anthony Meeker

Anthony Meeker

Chairman of the Board
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Barrett Business Services Office Locations

Barrett Business Services has offices in Vancouver, Fife, Moses Lake, Yakima and in 63 other locations
Vancouver, US (HQ)
8100 NE Parkway Drive Suite 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
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Barrett Business Services Financials and Metrics

Barrett Business Services Revenue

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Barrett Business Services's revenue was reported to be $920.43 m in FY, 2017
USD

Revenue (Q3, 2018)

247.3m

Gross profit (Q3, 2018)

59.7m

Gross profit margin (Q3, 2018), %

24.1%

Net income (Q3, 2018)

19.1m

EBIT (Q3, 2018)

22.1m

Market capitalization (15-Feb-2019)

522.5m

Closing stock price (15-Feb-2019)

70.8

Cash (30-Sep-2018)

35.0m

EV

491.8m
Barrett Business Services's current market capitalization is $522.5 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

532.8m636.2m740.8m840.6m920.4m

Revenue growth, %

19%16%13%

Cost of goods sold

446.3m605.8m611.4m695.1m761.9m

Gross profit

86.5m30.4m129.5m145.5m158.5m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

148.0m135.1m151.1m175.0m166.9m182.4m191.0m203.4m225.1m210.0m225.6m240.1m224.0m231.6m247.3m

Cost of goods sold

117.8m125.8m121.2m217.7m157.9m146.2m180.6m161.2m175.5m199.5m181.4m185.2m207.7m183.1m187.6m

Gross profit

30.2m9.3m29.9m(42.8m)9.0m36.2m10.4m42.3m49.6m10.5m44.2m54.9m16.3m48.5m59.7m

Gross profit Margin, %

20%7%20%(24%)5%20%5%21%22%5%20%23%7%21%24%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

93.6m11.5m25.2m50.8m59.8m

Accounts Receivable

85.6m90.5m126.5m136.7m

Inventories

Current Assets

210.9m178.9m227.0m260.6m308.2m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

17.9m(27.1m)25.5m18.8m25.2m

Depreciation and Amortization

2.0m2.5m2.9m3.3m5.5m

Inventories

Accounts Payable

1.3m(533.0k)498.0k1.7m222.0k
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

12.3m(3.6m)3.7m(34.1m)(5.8m)2.9m(8.0m)519.0k10.8m(11.2m)(101.0k)14.7m(9.1m)2.1m21.2m

Depreciation and Amortization

1.5m584.0k1.2m1.8m683.0k1.4m749.0k1.5m2.3m942.0k1.9m3.0m1.0m2.3m3.2m

Accounts Payable

726.0k(870.0k)(817.0k)(413.0k)781.0k(300.0k)723.0k1.2m1.3mwdxefcqufszuzezftuxetqsqxt(1.4m)1.0k(911.0k)(1.3m)(1.2m)(702.0k)

Cash From Operating Activities

47.2m7.7m8.7m33.5m5.5m12.6m(7.8m)4.5m57.3m(858.0k)14.2m60.5m(2.2m)16.5m46.9m
USDY, 2018

EV/EBIT

22.3 x

EV/CFO

10.5 x

Financial Leverage

7.4 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, 2016

Branches

54 55 57

Customers

5.49 k5.97 k6.50 k

PEO Customers

3.67 k4.20 k4.97 k

Staffing Services Customers

1.83 k1.77 k1.53 k
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Barrett Business Services Online and Social Media Presence

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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.
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Barrett Business Services Company Life and Culture

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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, Gerald Blotz and Heather Gould.

  • How many employees does Barrett Business Services have?

    Barrett Business Services has 124,212 employees.

  • What is Barrett Business Services revenue?

    Latest Barrett Business Services annual revenue is $920.4 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 TalentRISE, WhiteHat and Lead Tech.

  • Where is Barrett Business Services headquarters?

    Barrett Business Services headquarters is located at 8100 NE Parkway Drive Suite 200, Vancouver.

  • Where are Barrett Business Services offices?

    Barrett Business Services has offices in Vancouver, Fife, Moses Lake, Yakima and in 63 other locations.

  • How many offices does Barrett Business Services have?

    Barrett Business Services has 67 offices.