NASDAQ$BBSI
Barrett Business Services Inc · Q4 2024 earnings
Q4 2024 earnings · · After market close · Investor relations
Briefing
BBSI reported strong financial results for the fourth quarter and full year ended December 31, 2024, with significant growth in revenues, net income, and gross billings.
BBSI achieved a strong fourth quarter in 2024, with revenues increasing 10% to $304.8 million and net income rising 15% to $16.8 million, or $0.63 per diluted share. This performance was driven by record worksite employee additions, high client retention, and a successful year-end selling season for their healthcare offering.
- Fourth quarter revenues increased 10% to $304.8 million compared to $276.7 million in the prior year.
- Net income for the fourth quarter increased 15% to $16.8 million, or $0.63 per diluted share, up from $14.6 million, or $0.54 per diluted share, in the year-ago quarter.
- Total gross billings for the fourth quarter grew 10% to $2.25 billion, primarily due to increased worksite employees from new clients and higher average billings per WSE.
- Workers' compensation expense as a percent of gross billings improved to 2.3% in Q4 2024, benefiting from lower costs and favorable prior year liability adjustments.
Headline financials
Revenue & EPS history
BBSI · Revenue · Quarterly
$305M
Forward guidance
For 2025, BBSI anticipates continued growth in gross billings and average worksite employees, alongside a stable gross margin and effective annual tax rate.
Tailwinds
- Gross billings growth expected to be between 7% and 9%.
- Growth in the average number of WSEs projected to be between 4% and 6%.
- Gross margin as a percent of gross billings expected to be between 2.85% and 3.10%.
- Effective annual tax rate anticipated to remain stable at 26% to 27%.
- Strong momentum from Q4 2024 continued into January, positioning the company well for future growth.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2024
+0.4%
Avg return
Earnings day
+1.8%
Avg return
5 days after
+3.4%
Avg return
30 days after
57%
37 / 65 earnings
Positive
+25.3%
Q4 2015
Best reaction
-59.0%
Q3 2014
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -3.1% | -3.1% | +8.4% | |
| Q4 2025 | -15.0% | -11.2% | -6.7% | |
| Q3 2025 | -14.4% | -14.8% | -15.2% | |
| Q1 2025 | -0.9% | +2.3% | +3.7% | |
| Q4 2024 | -0.5% | -3.7% | +1.8% | |
| Q3 2024 | +10.1% | +14.6% | +16.4% | |
| Q2 2024 | +0.5% | -6.4% | +0.1% | |
| Q1 2024 | -1.7% | +1.4% | +8.9% | |
| Q4 2023 | +5.2% | +3.6% | +9.2% | |
| Q3 2023 | +3.8% | +8.4% | +21.3% | |
| Q2 2023 | +1.9% | +4.4% | +6.5% | |
| Q1 2023 | -5.8% | -5.0% | +4.7% | |
| Q4 2022 | -5.4% | -3.9% | -7.6% | |
| Q3 2022 | +4.6% | +9.0% | +14.4% | |
| Q2 2022 | -0.3% | +3.6% | -1.7% | |
| Q1 2022 | +5.9% | +3.7% | +0.5% | |
| Q4 2021 | +21.4% | +23.6% | +33.0% | |
| Q3 2021 | -6.1% | -3.9% | -17.9% | |
| Q2 2021 | +5.7% | +7.4% | +6.4% | |
| Q1 2021 | +1.6% | +5.0% | -1.5% | |
| Q4 2020 | -5.8% | -0.0% | -4.4% | |
| Q3 2020 | +6.1% | +4.7% | +10.5% | |
| Q2 2020 | +8.9% | +7.9% | +4.8% | |
| Q1 2020 | -3.2% | +5.3% | +18.1% | |
| Q4 2019 | -18.6% | -25.5% | -54.2% | |
| Q3 2019 | +6.0% | +4.0% | -3.6% | |
| Q2 2019 | +2.9% | +7.9% | +6.8% | |
| Q1 2019 | +0.5% | +4.8% | -3.2% | |
| Q4 2018 | +8.9% | +7.2% | +2.8% | |
| Q3 2018 | +11.3% | +10.5% | +0.1% | |
| Q2 2018 | -23.6% | -19.4% | -22.0% | |
| Q1 2018 | -2.1% | -7.1% | -1.5% | |
| Q4 2017 | +5.9% | +7.8% | +18.2% | |
| Q3 2017 | +3.4% | +6.4% | +7.3% | |
| Q2 2017 | -11.8% | -9.2% | -2.3% | |
| Q1 2017 | -2.5% | -1.5% | +0.5% | |
| Q4 2016 | -11.2% | -13.4% | -11.8% | |
| Q3 2016 | +8.9% | +14.5% | +35.2% | |
| Q2 2016 | +0.8% | +5.1% | +4.5% | |
| Q1 2016 | +9.3% | -1.4% | +12.6% | |
| Q4 2015 | +25.3% | +28.3% | +35.7% | |
| Q3 2015 | +9.7% | — | — | |
| Q2 2015 | +2.8% | — | — | |
| Q1 2015 | +11.4% | — | — | |
| Q4 2014 | +17.6% | — | — | |
| Q3 2014 | -59.0% | — | — | |
| Q2 2014 | +15.7% | — | — | |
| Q1 2014 | -5.3% | — | — | |
| Q4 2013 | -8.5% | — | — | |
| Q3 2013 | +14.2% | — | — | |
| Q2 2013 | +2.7% | — | — | |
| Q1 2013 | -7.9% | — | — | |
| Q4 2009 | +1.6% | — | — | |
| Q4 2012 | +3.9% | — | — | |
| Q3 2012 | +5.7% | — | — | |
| Q2 2012 | +8.7% | — | — | |
| Q1 2011 | -2.3% | — | — | |
| Q1 2012 | +5.8% | — | — | |
| Q4 2011 | +2.1% | — | — | |
| Q3 2011 | -0.5% | — | — | |
| Q3 2010 | -0.5% | — | — | |
| Q2 2010 | -6.0% | — | — | |
| Q2 2011 | -6.0% | — | — | |
| Q4 2010 | -6.0% | — | — | |
| Q1 2010 | +1.7% | — | — |
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