Kforce, Inc.
Description
Kforce Inc. provides professional staffing services and solutions in the United States. It operates through two segments, Technology, and Finance and Accounting (FA). The Technology segment provides talent solutions to its clients primarily in the areas of information technology, such as systems/applications architecture and development, data management and analytics, business and artificial intelligence, machine learning, project and program management, and network architecture and security. This segment serves clients in various industries comprising financial and business services, communications, insurance, retail, and technology industries. The FA businesses segment offers talent solutions to its clients in areas, including financial planning and analysis, business intelligence analysis, general accounting, transactional accounting, business and cost analysis, and taxation and treasury. It also provides consultants in lower skilled areas comprising loan servicing and support, customer and call center support, data entry, and other administrative roles. This segment serves clients in various industries, including financial and business services, healthcare, and manufacturing sectors. The company was founded in 1962 and is headquartered in Tampa, Florida.
About
CEO
Mr. Joseph J. Liberatore
Employees
1,700
Instrument type
Common Stock
Sector
Industrials
Industry
Staffing & Employment Services
MIC code
XNYS
Address
1150 Assembly Drive, Tampa, FL 33607, United States
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![Enlarged Chart]()
Oscillators
No data available
Summary
No data available
Moving Averages
No data available
Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Oct 27, 2025 | — | — | — | — |
| Jul 28, 2025 | — | — | — | — |
| Apr 28, 2025 | — | — | — | — |
| Feb 3, 2025 | 0.59 | — | — | — |
Earnings estimate
|
Next Quarter
(Mar 2025)
|
Next Year
(Dec 2025)
|
|||
|---|---|---|---|---|
| Number of analysts | — | 5 | — | 6 |
| Average estimate | — | 0.52 | — | 2.85 |
| Low estimate | — | 0.43 | — | 2.35 |
| High estimate | — | 0.65 | — | 3.30 |
| Last year EPS | — | 0.58 | — | 2.67 |
[stock_revenue_estimate]
Growth estimates
Current qtr
-27.570%
Next qtr. (Mar 2025)
-10.180%
Current year
-23.380%
Next year (Dec 2025)
6.520%
Next 5 years (per annum)
—
Past 5 years (per annum)
—
Income statement
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total reported revenue | 1.53B | 1.71B | 1.58B | 1.40B | 1.35B |
| Cost of revenue | 1.10B | 1.21B | 1.12B | 1.00B | 952.35M |
| Gross profit | 427.07M | 501.11M | 456.86M | 396.22M | 395.04M |
| Operating expense | |||||
| Research & development | — | — | — | — | — |
| Selling general and admin | 334.93M | 379.82M | 345.72M | 310.71M | 314.17M |
| Other operating expenses | — | — | — | — | — |
| Operating income | 87.12M | 116.87M | 106.64M | 80.26M | 74.82M |
| Non operating interest income | |||||
| Income | — | — | — | — | — |
| Expense | — | — | — | — | — |
| Other income expense | -1.87M | -14.42M | -7.38M | -5.04M | -3.43M |
| Pretax income | 85.25M | 102.44M | 99.27M | 75.21M | 71.40M |
| Tax provision | 24.18M | 27.01M | 24.09M | 19.17M | 16.83M |
| Net income | 61.08M | 75.43M | 75.18M | 56.04M | 130.86M |
| Basic EPS | 3.13 | 3.68 | 3.50 | 2.53 | 5.71 |
| Diluted EPS | 3.13 | 3.68 | 3.50 | 2.53 | 5.50 |
| Basic average shares | 19.52M | 20.50M | 21.50M | 22.17M | 22.93M |
| Diluted average shares | 19.52M | 20.50M | 21.50M | 22.17M | 22.93M |
| EBITDA | 92.13M | 121.29M | 111.14M | 85.51M | 81.30M |
| Net income from continuing op. | 61.08M | 75.43M | 75.18M | 56.04M | 130.86M |
| Minority interests | — | — | — | — | — |
| Preferred stock dividends | — | — | — | — | — |
Balance sheet
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | 357.98M | 392.00M | 503.40M | 479.05M | 381.13M |
| Current assets | |||||
| Cash | — | — | — | — | — |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 119,000 | 121,000 | 96.99M | 103.49M | 19.83M |
| Other short term investments | — | — | — | — | — |
| Accounts receivable | 233.43M | 269.50M | 265.32M | 228.37M | 217.93M |
| Other receivables | — | — | — | — | — |
| Inventory | — | — | — | — | — |
| Prepaid assets | — | — | 6.79M | 6.99M | 7.48M |
| Restricted cash | — | — | — | — | — |
| Assets held for sale | — | — | — | — | — |
| Hedging assets | — | — | — | — | — |
| Other current assets | 10.91M | 8.14M | 6.79M | 6.99M | 7.48M |
| Non current assets | |||||
| Properties | 14.37M | 17.10M | 15.40M | 16.84M | 18.34M |
| Land and improvements | — | — | — | 5.89M | 5.89M |
| Machinery furniture equipment | 11.19M | 10.72M | 10.99M | 12.40M | 15.21M |
| Construction in progress | — | — | — | — | — |
| Leases | 7.67M | 9.62M | 6.99M | 6.19M | 9.48M |
| Accumulated depreciation | -9.44M | -11.70M | -12.01M | -23.64M | -26.60M |
| Goodwill | 66.51M | 66.23M | 64.75M | 62.88M | 58.84M |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | 16.43M | 16.15M | 14.67M | 12.80M | 8.76M |
| Investments and advances | — | — | 17.01M | 10.49M | 8.17M |
| Other non current assets | 48.26M | 42.48M | 53.22M | 48.19M | 45.60M |
| Total liabilities | 198.90M | 209.81M | 315.00M | 299.11M | 213.86M |
| Current liabilities | |||||
| Accounts payable | 42.84M | 49.60M | 40.24M | 20.18M | 20.27M |
| Accrued expenses | 37.76M | 49.11M | 89.38M | 58.25M | 54.91M |
| Short term debt | 3.59M | 4.58M | 6.34M | 5.52M | 5.69M |
| Deferred revenue | — | — | — | — | — |
| Tax payable | 2.33M | 8.33M | 23.73M | 22.81M | 1.87M |
| Pensions | 426,000 | 749,000 | 746,000 | 1.11M | 1.07M |
| Other current liabilities | — | — | 22,000 | 300,000 | 1.17M |
| Non current liabilities | |||||
| Long term debt | 53.88M | 41.98M | 111.92M | 114.69M | 79.63M |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | — | — | — | — | — |
| Derivative product liabilities | — | — | — | 1.77M | 179,000 |
| Other non current liabilities | 24,000 | 3,000 | 22,000 | 19.35M | 651,000 |
| Shareholders equity | |||||
| Common stock | 734,000 | 732,000 | 730,000 | 726,000 | 722,000 |
| Retained earnings | 525.22M | 492.76M | 442.60M | 388.65M | 350.55M |
| Other shareholders equity | — | 6,000 | 621,000 | -4.42M | -1.53M |
| Total shareholders equity | 159.08M | 182.20M | 188.41M | 179.94M | 167.26M |
| Additional paid in capital | 527.29M | 507.73M | 488.04M | 472.38M | 459.55M |
| Treasury stock | 894.16M | 819.04M | 743.58M | 677.39M | 642.02M |
| Minority interest | — | — | — | — | — |
Cash flow statement
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||||||||||||||||||
| Net Income | 61.08M | 75.43M | 75.18M | 56.04M | 130.86M | 57.98M | 33.29M | 32.77M | 42.82M | 26.32M | 10.79M | -50.12M | 27.16M | 20.63M | 12.87M | -91.44M | 40.37M | 32.52M | 22.32M | 25.01M | 5.12M | -47.03M | -12.09M | -283,000 | -23.50M | 15.40M | 22.10M | 12.50M | 3.00M | -600,000 |
| Depreciation | 5.01M | 4.43M | 4.50M | 5.26M | 6.48M | 8.27M | 8.51M | 8.80M | 9.85M | 10.06M | 9.85M | 10.86M | 12.69M | 12.61M | 11.67M | 13.82M | 15.13M | 13.58M | 10.08M | 6.47M | 4.37M | 9.89M | 17.33M | 18.44M | 14.50M | 9.50M | 5.80M | 3.20M | 500,000 | 200,000 |
| Deferred Taxes | 1.65M | 3.08M | 2.43M | -2.30M | -49,000 | 989,000 | 12.24M | 2.01M | 2.38M | 491,000 | 1.17M | -17.14M | 653,000 | 2.53M | 2.52M | -16.39M | 6.18M | 18.60M | 14.95M | -12.79M | — | 363,000 | 488,000 | -865,000 | 300,000 | -2.70M | -900,000 | -700,000 | -100,000 | -300,000 |
| Stock-Based Compensation | 17.75M | 17.66M | 14.00M | 11.60M | 9.91M | 8.80M | 7.60M | 6.71M | 5.82M | 3.03M | 2.57M | 25.74M | 11.98M | 6.04M | 6.37M | 11.74M | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Non-Cash Items | 4.79M | -14.14M | 4.62M | 6.56M | 7.34M | 350,000 | 1.26M | 279,000 | 629,000 | -896,000 | 347,000 | -1.65M | 2.12M | -813,000 | 5.41M | -150,000 | 8.06M | -4.92M | 571,000 | 2.25M | — | — | — | -5.09M | 100,000 | -100,000 | -100,000 | 200,000 | — | 100,000 |
| Accounts Receivable | 35.30M | -4.05M | -36.96M | -12.86M | -5.36M | -10.85M | -20.54M | -8.05M | 7.01M | -35.93M | -34.04M | 2.80M | -19.91M | -27.80M | 9.69M | 31.64M | -32.85M | -8.07M | 1.96M | -13.43M | 1.76M | 16.51M | 41.16M | -20.49M | -8.20M | -33.40M | -34.80M | -24.40M | -4.40M | — |
| Accounts Payable | — | — | — | — | — | 3.93M | -1.54M | -1.92M | 1.79M | 5.65M | -12.47M | 10.91M | -4.58M | 5.69M | -2.76M | -318,000 | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Assets & Liabilities | -22.27M | 11.10M | -1.84M | 16.00M | -13.97M | 18.67M | -14.50M | -634,000 | 3.01M | -2.34M | 26,000 | -1.45M | -3.03M | 1.88M | 990,000 | 9.30M | 11.75M | 2.44M | 2.57M | -434,000 | 2.88M | -5.05M | -16.20M | 35.38M | -35.00M | 15.30M | 15.40M | 4.70M | -100,000 | 100,000 |
| Operating Cash Flow | 103.31M | 93.50M | 61.91M | 80.29M | 135.22M | 88.13M | 26.32M | 39.96M | 73.31M | 6.38M | -21.77M | -20.05M | 27.09M | 20.77M | 46.77M | -41.79M | 48.63M | 54.16M | 52.44M | 7.08M | 14.13M | -25.32M | 30.68M | 27.09M | -51.80M | 4.00M | 7.50M | -4.50M | -1.10M | -500,000 |
| Investing Activities | ||||||||||||||||||||||||||||||
| Capital Expenditures | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | -8.51M | -10.90M | -6.37M | -5.29M | -3.60M | -1.05M | -596,000 | -6.37M | -6.41M | -22.60M | -35.40M | -57.10M | -20.60M | -1.30M | -100,000 |
| Net Intangibles | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net Acquisitions | 5.06M | -500,000 | -9.00M | -4.00M | -9.00M | — | — | — | — | 115.28M | — | 55.45M | — | — | -109,000 | -26.37M | 339,000 | -136.73M | -2.90M | -28.01M | — | — | -3.52M | -1.22M | — | — | — | — | — | — |
| Purchase of Investments | — | — | — | — | — | — | — | — | — | — | — | — | — | — | -3.35M | -4.59M | — | — | — | — | — | — | — | — | — | -10.00M | -1.90M | — | -7.70M | — |
| Sale of Investments | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 12.00M | — | 800,000 | 7.00M | — | — |
| Investing Cash Flow | 2.90M | -6.17M | 14.74M | -452,000 | 113.54M | 1.00M | 1.00M | — | -36,000 | 116.55M | -402,000 | 58.25M | -3.60M | 1.98M | -5.54M | -39.44M | -14.39M | -144.14M | -9.53M | -32.73M | -1.05M | 70,000 | -9.84M | -10.84M | -11.00M | -48.80M | -59.70M | -14.00M | -8.90M | -100,000 |
| Financing Activities | ||||||||||||||||||||||||||||||
| Long-Term Debt Issuance | 594.40M | 38.20M | — | 35.00M | 80.10M | 450.40M | 1.04B | 937.08M | 604.67M | 684.43M | 591.69M | 241.97M | 488.47M | 448.49M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Long-Term Debt Payments | -578.40M | -112.60M | — | — | -86.90M | -495.12M | -1.03B | -906.01M | -617.53M | -653.70M | -550.08M | -270.50M | -449.77M | -440.67M | -321.56M | -410.25M | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Financing Charges | -19,000 | -51,000 | -1.37M | -1.18M | -2.22M | -2.04M | -3.81M | -205,000 | 1.39M | -1.90M | -1.52M | -419,000 | -782,000 | -756,000 | 899,000 | 57,000 | -2.90M | 199,000 | — | — | — | -958,000 | — | — | 100,000 | -100,000 | -100,000 | -300,000 | -300,000 | 100,000 |
| Financing Cash Flow | -86.61M | -173.39M | -87.70M | 16.42M | -69.98M | 366.58M | 1.01B | 909.49M | 542.18M | 598.71M | 598.67M | 133.46M | 466.74M | 451.98M | -357.79M | -457.85M | 1.22M | 5.24M | -3.77M | 205,000 | 728,000 | -7.93M | -14.38M | -65.95M | -13.20M | 6.20M | 89.60M | 71.60M | 11.10M | 100,000 |
| Other Cash Details | ||||||||||||||||||||||||||||||
| End Cash Position | 119,000 | 121,000 | 96.99M | 103.49M | 19.83M | 112,000 | 379,000 | 1.48M | 1.50M | 1.24M | 875,000 | 1.38M | 939,000 | 1.06M | 2.81M | 660,000 | 1.08M | 1.59M | 37.10M | 363,000 | 13.72M | 1.05M | 255,000 | 1.87M | 7.90M | 68.80M | 101.70M | — | — | — |
| Income Tax Paid | 28.62M | 16.58M | 24.28M | 21.74M | 24.94M | 13.44M | 24.33M | 21.32M | 25.40M | 52.57M | 14.79M | 14.46M | 8.75M | 13.35M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Interest Paid | 897,000 | 885,000 | 2.45M | 2.57M | 1.48M | 3.81M | 3.52M | 2.10M | 1.61M | 1.05M | 800,000 | 554,000 | 838,000 | 739,000 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Free Cash Flow | 83.70M | 82.70M | 66.46M | 102.68M | 56.26M | 82.55M | 23.49M | 27.40M | 62.40M | -31.59M | -7.68M | 50.13M | 24.75M | -9.16M | 38.85M | 80.82M | 37.35M | 45.52M | 46.14M | 3.85M | 11.73M | 14.25M | 34.53M | 21.90M | -49.50M | -24.50M | -44.50M | -21.50M | -3.00M | -100,000 |
Top Institutional Holders
| Holder | Date Reported | Shares | Value | % Held |
|---|---|---|---|---|
| Vanguard Total Stock Market Index Fund | Sep 30, 2024 | 623,413 | 33.54M | 3.27% |
| iShares Russell 2000 ETF | Nov 30, 2024 | 516,332 | 27.78M | 2.71% |
| Vanguard Small-Cap Index Fund | Sep 30, 2024 | 461,528 | 24.83M | 2.42% |
| Schwab Strategic Tr-Schwab U.S. Dividend Equity ETF | Nov 30, 2024 | 446,358 | 24.01M | 2.34% |
| Virtus Equity Tr-Virtus KAR Small Cap Core Fd | Sep 30, 2024 | 436,052 | 23.46M | 2.29% |
| Fidelity Small Cap Discovery Fund | Oct 31, 2024 | 434,627 | 23.38M | 2.28% |
| Fidelity Strategic Advisers Fidelity U.S. Total Stock Fund | Nov 30, 2024 | 351,356 | 18.90M | 1.84% |
| Vanguard Small Cap Value Index Fund | Sep 30, 2024 | 311,957 | 16.78M | 1.63% |
| Capitol Ser Tr-Fuller & Thaler Behavioral Small Cap Equity Fd | Sep 30, 2024 | 270,263 | 14.54M | 1.42% |
| Vanguard Extended Market Index Fund | Sep 30, 2024 | 264,315 | 14.22M | 1.39% |
Article
Kforce Inc. (KFRC) Q4 2024 Earnings Call Transcript
Kforce Inc. (NYSE:KFRC ) Q4 2024 Earnings Conference Call February 3, 2025 5:00 AM ET Company Participants Joe Liberatore - President and CEO Dave Kelly - COO Jeff Hackman - CFO Conference Call Participants Mark Marcon - Baird Trevor Romeo - William Blair Kartik Mehta - Northcoast Research Tobey Summer - Truist Securities Josh Chan - UBS Marc Riddick - Sidoti Operator Well, hello everyone and welcome to the Kforce Q4 2024 Conference Earnings Call. Today's call is being recorded.
Feb 4, 2025
Article
Kforce (KFRC) Meets Q4 Earnings Estimates
Kforce (KFRC) came out with quarterly earnings of $0.60 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.82 per share a year ago.
Feb 4, 2025
Article
Kforce Reports Fourth Quarter 2024 Revenue of $343.8 Million; Full Year 2024 EPS of $2.68 Per Share; Board of Directors Approves Increase in Quarterly Dividend for Sixth Consecutive Year
TAMPA, Fla.--(BUSINESS WIRE)-- #KFRC--Kforce Inc. (NYSE: KFRC), a solutions firm that specializes in technology and other professional staffing services, today announced results for the fourth quarter and full year 2024. References to “as adjusted” figures within this press release relate to results for the year ended December 31, 2023, as adjusted for certain expenses. These references pertain to non-GAAP measures that are more fully described in the Adjusted Financial Performance Measures section of.
Feb 3, 2025
