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.

Employee Rating

2.6More
TypePublic
HQVancouver, US
Founded1951
Size (employees)124,212 (est)+8%
Websitebarrettbusiness.com
Barrett Business Services was founded in 1951 and is headquartered in Vancouver, US
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Barrett Business Services Office Locations

Barrett Business Services has an office in Vancouver
Vancouver, (HQ)
8100 NE Parkway Drive Suite 200
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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 (4-Dec-2018)

492.2m

Closing stock price (4-Dec-2018)

66.7

Cash (30-Sep-2018)

35.0m

EV

461.5m
Barrett Business Services's current market capitalization is $492.2 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)723.0k1.2m1.3m(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

20.9 x

EV/CFO

9.8 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.

  • 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 WhiteHat, Lead Tech and SquadRun.

  • 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 an office in Vancouver.

  • How many offices does Barrett Business Services have?

    Barrett Business Services has 1 office.