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Primary reporting period: 2025-12-31 · Research updated Oct 12, 2026. A research update is not a new financial filing.
Who they are
HireQuest, Inc. provides staffing solutions in the United States. The company offers direct-dispatch, executive search, commercial staffing, unskilled and semi-skilled industrial, construction personnel, skilled and semi-skilled industrial personnel, clerical and administrative personnel, permanent placement, commercial and non-CDL drivers, skilled personnel, and executive placement and consultant services. It offers its services under the HireQuest Direct, HireQuest, Snelling, DriverQuest, HireQuest Health, Northbound Executive Search, and MRI trade names.
How they make money
HireQuest operates as a national franchisor of staffing offices, generating revenue primarily through royalty fees collected from its network of franchisee-operated offices. The company also earns income through license fees and interest on overdue franchisee receivables, maintaining an asset-light business model where franchisees act as the employers of record for temporary personnel.
Products & services
The company provides temporary, direct-hire, and contract staffing solutions across industries including construction, light industrial, healthcare, finance, manufacturing, cybersecurity, and engineering through various franchise brands.
Brands & revenue mix
HireQuest Direct
Specializes in unskilled and semi-skilled industrial and construction personnel.
Separate brand revenue is not available in this research.Source
Snelling
Provides skilled and semi-skilled industrial, clerical, and administrative personnel.
Separate brand revenue is not available in this research.Source
DriverQuest
Specializes in commercial and non-CDL drivers.
Separate brand revenue is not available in this research.Source
HireQuest Health
Specializes in skilled personnel for medical and dental industries.
Separate brand revenue is not available in this research.Source
MRINetwork
Focuses on executive search and professional placement services.
Separate brand revenue is not available in this research.Source
Revenue share is not unit sales or a best-seller ranking. Parent brands and included sub-brands can overlap; do not add overlapping rows.
Calculated from reported segment revenue. Check the source period and revenue basis before comparing shares. Categories can overlap and may not add to 100%.
Geographic revenue
No reconciled geographic revenue breakdown was confirmed for the current research period.
The company's revenue is derived from a large number of diverse customers served by its franchisees; no single customer accounted for a material portion of consolidated revenue for the period ended 2025-12-31.
Suppliers, materials & equipment
Insurance and Workers' Compensation Providers — The company relies on third-party providers for workers' compensation insurance and other risk management services to support its franchise network operations.Source
Competitors
Staffing and employment services firms — The company competes with various national, regional, and local staffing agencies that provide temporary and permanent placement services.Source
Overall investment score · Quality, value, risk and opportunity
39
Poor
PoorElite
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
68
Fair
Financial Strength
94
Business Quality / Moat
35
Management
100
Growth Quality
18
Risk / Durability
88
Weak Company · Expensive Stock
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Opportunity
Opportunity Score · How does the current price compare with estimated value?
30
Avoid
Based on current valuation, company quality, recent trends, and available market signals.
View score details →
Model Outlook
12-month model · What does the model think happens next?
35/100
Building Historical Record
Model Score 35/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.
Probability unavailable — the model has not produced a calibrated probability yet.
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WSS View
The quick read
The overall Wall Street Score is low across its combined quality, valuation and risk inputs. This can reflect an expensive share price, business weaknesses, or both; check Company Quality and the category breakdown before drawing a conclusion.
At today’s price, the WSS valuation framework currently reads as less attractive based on the available valuation and market data.
The model outlook is currently cautious.
What we like
•Balance-sheet / debt profile scores strongly
•Recent buyback activity is present
What to watch
•Valuation is a weaker part of the current profile
•Revenue fundamentals are weak
•Asset quality is a weaker factor
Company-specific research
Questions worth answering for HQI
Research inputs 100% complete
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
•What is driving HQI's revenue decline, and does the latest company filing suggest the weakness is temporary or structural?
•Is HQI's positive free cash flow repeatable, or is the current level being helped by temporary working-capital or spending changes?
•How is HQI likely to use its cash advantage: reinvestment, acquisitions, debt reduction, dividends or buybacks?
•What future growth or profitability would be needed to justify HQI's current valuation?
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
Volatility = How violently is it moving?
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for HQI
Detected from reported data — verify before acting.
Dividend history reported
Dividend payments are recorded. Review the dates and regular/special classification below; past payments do not guarantee future dividends.
Historical repurchase activity
Reported cash flows or share-count measures indicate past repurchase activity. This does not verify an active buyback authorization or future purchases.
Community Sentiment
0 active · 0 total calls
0% Bullish (0) 0% Bearish (0)
No personal call yet on HQI.
Potential upside factors
+Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
+Asset-light franchise business model.
+Diversified network of 413 franchisee-owned offices.
+Positive free cash flow may provide capacity to invest in growth.
Potential downside factors
−Key risks may include competition, margin pressure, debt levels, valuation risk, and changes in demand within the Staffing & Employment Services industry.
−Economic sensitivity and staffing industry demand fluctuations.
−Dependence on franchisee performance and compliance.
−Workers' compensation and insurance cost volatility.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
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Scores
Click any score for full breakdown
Wall Street Score
Weak39/ 100
Weak (0–50)Fair (51–71)Strong (72+)
Debt
Elite
100
Debt Cost—
Debt Reduction YoY100.0%
Debt / Equity0.00x
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Revenue
Poor
15
Revenue YoY-1.6%
Revenue CAGR-10.1%
Net Margin27.1%
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Asset
Poor
26
Asset Growth YoY-6.2%
Liquidation/Share$4.91
Net Assets/MCap0.35x
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Capital
Poor
26
Earnings Yield3.1%
Buyback Yield0.0%
Debt Cost—
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Management
Elite
100
ROIC10.2%
ROE11.8%
ROA8.7%
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Moat
Poor
35
EPS Growth13.0%
FCF/Share Growth1.4%
Rev/Share Growth-3.4%
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Valuation
Poor
10
Intrinsic Value$5.01
Value Reference$3.01
MOS-236.0%
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Buffett
Fair
53
Revenue15
Moat35
Valuation10
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MOS
Poor
0
MOS %-236.0%
Value Reference$3.01
Deep Discount Reference$2.01
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Financial
Poor
25
Interest Coverage22.7x
ROIC10.2%
FCF Yield4.5%
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Master
Poor
30
Financial25
Valuation10
Debt100
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Resilience
Strong
81
Survival Years0.4 yrs
Current Ratio3.15x
FCF Margin39.1%
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Score Changes
4 historical score records available
Previous Score
39
Sep 28, 2026
Change
Unchanged
Current Score
39
Oct 1, 2026
Category Changes
Revenue0
Debt0
Assets+0.1
Capital0
Management0
Moat0
Valuation0
Buffett0
HQI score was unchanged.
Projected Score
Projected Score
41
Projected Change
+2.0 points
Preliminary comparable-period financial changes suggest improvement of approximately 2.0 points. This is a projected estimate, not the official WallStreetScore.
Monetary values in USD. Share counts in raw units.
Income StatementBalance SheetCash Flow
AnnualQuarterlyTTM + Annual
All rows
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
Line Item
TTM
2025
2024
2023
2022
2021
2020
2019
2018
2018
2017
Revenue
$30.2M
$30.6M
$34.6M
$37.9M
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Cost of Revenue
$762K
$0.00
$0.00
$0.00
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Gross Profit
$29.4M
$30.6M
$34.6M
$37.9M
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····
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Research & Development
$0.00
$0.00
$0.00
$0.00
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SG&A Expenses
$17.8M
$20.7M
$21.4M
$24.4M
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····
····
····
····
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Operating Expenses
$20.4M
$23.7M
$30.2M
$27.2M
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····
····
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EBITDA
$12.3M
$10.0M
$7.9M
$12.0M
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····
····
····
····
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Operating Income
$9.0M
$7.0M
$4.4M
$10.6M
····
····
····
····
····
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Interest Expense
$131K
$307K
$923K
$1.4M
····
····
····
····
····
····
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Income Before Tax
$9.2M
$6.7M
$4.1M
$7.8M
····
····
····
····
····
····
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Income Tax Expense
$823K
$100K
$221K
$1.3M
····
····
····
····
····
····
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Net Income
$8.2M
$6.3M
$3.7M
$6.1M
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····
····
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Basic EPS
$0.59
$0.45
$0.27
$0.45
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Basic Shares
13.79M
14.01M
13.84M
13.73M
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····
····
····
····
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Diluted Shares
13.81M
14.02M
13.92M
13.80M
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····
····
····
····
····
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Upgrade to Premium for up to 10 annual periods, where available.
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Improved
Margins expanded
Debt reduced
What Weakened
Cash position declined
Potential Score Impact
Positive indicators included revenue growth, EPS growth, debt levels, net income margin. Pressure indicators included cash levels. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue increased 6.0%. EPS increased 163.9%. Cash declined 38.7%. Total debt declined 100.0%. Net income margin improved by 19.4 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
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Government disclosed trading activity is available on the Smart Money directory. Filings may be delayed and may not represent complete current holdings.
Dividend HistoryShare
Dividend History
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Predictions & Historical PerformanceShare
Conservative Projected Values
3 Years
$———.——
Premium
5 Years
$———.——
Premium
10 Years
$———.——
Premium
Conservative Projection Rate
——%
Premium
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
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