Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

U.S. HR Services Industry Analysis

UpdatedDec 25, 2025
DataAggregated Company Financials
Companies45
  • 7D-1.9%
  • 3M-10.6%
  • 1Y-16.7%
  • YTDn/a

Over the last 7 days, the HR Services industry has dropped 1.9%, driven by Automatic Data Processing declining 2.8%. The industry has fallen 17% in the last year. Earnings are forecast to grow by 16% annually.

Industry Valuation and Performance

Has the U.S. HR Services Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 25 Dec 2025US$205.2bUS$86.5bUS$5.0b20.4x41.1x2.4x
Sat, 22 Nov 2025US$197.8bUS$87.4bUS$5.0b19.6x39.3x2.3x
Mon, 20 Oct 2025US$224.1bUS$86.7bUS$6.3b27.5x35.6x2.6x
Wed, 17 Sep 2025US$235.4bUS$86.4bUS$6.3b28.6x37.1x2.7x
Fri, 15 Aug 2025US$241.4bUS$86.8bUS$6.2b29.1x39.2x2.8x
Sun, 13 Jul 2025US$230.9bUS$79.8bUS$6.7b25.6x34.4x2.9x
Tue, 10 Jun 2025US$248.1bUS$79.7bUS$6.8b32.3x36.4x3.1x
Thu, 08 May 2025US$233.6bUS$79.4bUS$6.9b23.5x33.8x2.9x
Sat, 05 Apr 2025US$233.3bUS$80.1bUS$6.7b25.8x34.8x2.9x
Mon, 03 Mar 2025US$249.7bUS$80.0bUS$6.7b23.2x37.1x3.1x
Wed, 29 Jan 2025US$251.3bUS$85.7bUS$6.7b25.1x37.6x2.9x
Fri, 27 Dec 2024US$245.8bUS$85.7bUS$6.7b24.3x36.7x2.9x
Sun, 24 Nov 2024US$254.3bUS$85.7bUS$6.6b27.4x38.5x3x
Tue, 22 Oct 2024US$234.4bUS$81.2bUS$6.2b27.8x37.8x2.9x
Thu, 19 Sep 2024US$225.5bUS$81.4bUS$6.2b25.4x36.3x2.8x
Sat, 17 Aug 2024US$213.4bUS$81.4bUS$6.2b23.4x34.4x2.6x
Mon, 15 Jul 2024US$203.9bUS$86.6bUS$6.6b21x31.1x2.4x
Wed, 12 Jun 2024US$209.7bUS$87.6bUS$6.5b21.2x32.3x2.4x
Fri, 10 May 2024US$215.0bUS$87.6bUS$6.5b22.6x33.2x2.5x
Sun, 07 Apr 2024US$219.2bUS$87.5bUS$6.4b23.5x34.5x2.5x
Tue, 05 Mar 2024US$221.2bUS$87.3bUS$6.3b26.7x35.1x2.5x
Thu, 01 Feb 2024US$219.0bUS$86.8bUS$6.2b27.3x35.1x2.5x
Sat, 30 Dec 2023US$217.5bUS$87.3bUS$6.4b26.3x34.1x2.5x
Mon, 27 Nov 2023US$210.5bUS$87.2bUS$5.9b24.2x35.9x2.4x
Wed, 25 Oct 2023US$223.1bUS$92.0bUS$6.2b19.7x35.9x2.4x
Fri, 22 Sep 2023US$217.1bUS$88.7bUS$6.5b19.6x33.4x2.4x
Sun, 20 Aug 2023US$233.2bUS$92.0bUS$6.2b20.5x37.7x2.5x
Tue, 18 Jul 2023US$233.4bUS$91.8bUS$6.3b17.1x37x2.5x
Thu, 15 Jun 2023US$217.5bUS$91.8bUS$6.3b16.1x34.6x2.4x
Sat, 13 May 2023US$205.4bUS$91.8bUS$6.3b15.2x32.8x2.2x
Mon, 10 Apr 2023US$173.6bUS$87.4bUS$6.0b13x28.8x2x
Wed, 08 Mar 2023US$48.4bUS$65.3bUS$1.4b13.5x33.7x0.7x
Fri, 03 Feb 2023US$51.0bUS$63.7bUS$1.8b13.6x29.1x0.8x
Sun, 01 Jan 2023US$43.8bUS$64.0bUS$2.1b11.6x21.4x0.7x
Price to Earnings Ratio

21.4x


Total Market Cap: US$43.8bTotal Earnings: US$2.1bTotal Revenue: US$64.0bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. HR Services Industry Price to Earnings3Y Average 34.8x202320242025
Current Industry PE
  • Investors are optimistic on the American Human Resource and Employment Services industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 41.1x which is higher than its 3-year average PE of 34.8x.
  • The industry is trading close to its 3-year average PS ratio of 2.5x.
Past Earnings Growth
  • The earnings for companies in the Human Resource and Employment Services industry have grown 35% per year over the last three years.
  • Revenues for these companies have grown 11% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Comparison

How does U.S. HR Services compare with similar industries?

US Market3.10%
Industrials3.28%
Professional Services0.20%
HR Services-1.92%
Research and Consulting Services2.26%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
BZ KanzhunUS$21.023.5%
+US$330.5m		52.4%PE27.6x
UPWK UpworkUS$20.973.9%
+US$101.9m		25.3%PE11.1x
FA First AdvantageUS$15.323.6%
+US$92.3m		-17.8%PS1.8x
PCTY Paylocity HoldingUS$152.321.0%
+US$79.4m		-24.3%PE36.7x
HQI HireQuestUS$10.2032.0%
+US$34.8m		-26.6%PE19.9x

Latest News

ADP
US$258.10
Automatic Data Processing
7D
-2.8%
1Y
-12.9%

ADP Stock: Why Boring Payroll Is One of the Most Durable Businesses in Tech

Automatic Data Processing (NASDAQ: ADP) is rarely described as exciting. It doesn’t launch viral products or chase consumer trends.
RHI
US$27.54
Robert Half
7D
-2.4%
1Y
-61.4%

RHI: Sequential Contract Stabilization Will Offset Softer Guidance And Consulting Weakness

Analysts have moderately reduced their price target on Robert Half, trimming fair value by about $1.70 to approximately $30.80 per share as they factor in softer guidance, margin pressure from weaker Protiviti trends, and a still muted rebound in staffing demand. Analyst Commentary Street research reflects a mixed but generally cautious stance on Robert Half, with lower price targets anchored in tempered expectations for near term growth and profitability.
HQI
US$10.20
HireQuest
7D
32.0%
1Y
-26.6%

Here's What's Concerning About HireQuest's (NASDAQ:HQI) Returns On Capital

Dec 23
Here's What's Concerning About HireQuest's (NASDAQ:HQI) Returns On Capital
FA
US$15.32
First Advantage
7D
3.6%
1Y
-17.8%

FA Synergy Progress And Tighter 2025 Guidance Will Support Earnings Upside

Analysts have nudged their price target on First Advantage slightly higher, from $17.43 to $17.57. They cite modest improvements in projected profitability and valuation multiples, despite slightly softer revenue growth assumptions and a lower discount rate.
ALIT
US$1.97
Alight
7D
-7.1%
1Y
-71.2%

ALIT: Expanding Backlog Will Support Future Margin Expansion And Share Upside

Analysts have trimmed their price target on Alight, modestly lowering fair value from about $5.86 to $5.71 per share. They cite a reduced valuation multiple amid delayed growth acceleration, even as backlog builds and margin expansion confidence remains intact.
KFY
US$66.65
Korn Ferry
7D
-3.5%
1Y
-1.4%

KFY: Executive Search Take Private Deal Will Support Future Upside Potential

Analysts have nudged their price target on Korn Ferry slightly lower, from $81.00 to $80.25, as modestly higher discount rate assumptions offset improved expectations for revenue growth, profit margins, and supportive read throughs from deal activity in the executive search peer group. Analyst Commentary Bullish analysts view the recent take private agreement for a key peer in executive search as a constructive datapoint for Korn Ferry, interpreting the premium transaction value as evidence that strategic and financial buyers are willing to underwrite healthy growth and margin assumptions for high quality talent advisory platforms.
PAYX
US$114.58
Paychex
7D
-1.8%
1Y
-19.0%
UPWK
US$20.97
Upwork
7D
3.9%
1Y
25.3%
TNET
US$57.93
TriNet Group
7D
-5.8%
1Y
-36.0%

TNET: Guidance And AI Tools Will Shape A Balanced Risk Outlook

Analysts have trimmed their fair value estimate for TriNet Group from 67 dollars to 62 dollars per share, citing slightly higher perceived risk, softer long term growth and margin expectations, and a richer forward earnings multiple. What's in the News TriNet reaffirmed its full year 2025 guidance, projecting total revenues of 4,950 to 5,140 million dollars and diluted EPS of 1.90 to 3.40 dollars, signaling confidence in its operating outlook (company guidance).
NSP
US$38.44
Insperity
7D
-2.4%
1Y
-49.7%

NSP: Future Earnings Are Expected To Recover After Near-Term Losses

Narrative Update on Insperity Analysts have reiterated their price target at approximately $45.00 per share, with only marginal tweaks to the discount rate and long-term valuation inputs, reflecting a largely unchanged outlook on Insperity's revenue growth, profitability, and forward earnings multiple. What's in the News Insperity updated its 2025 earnings outlook, forecasting a fourth quarter net loss between $40 million and $16 million, or diluted loss per share of $1.07 to $0.44, and highlighted anticipated earnings pressure late in the year (company guidance).
PAYC
US$160.40
Paycom Software
7D
-3.9%
1Y
-23.5%
BZ
US$21.02
Kanzhun
7D
3.5%
1Y
52.4%

BZ: Future Cash Flow Resilience Will Drive Continued Share Upside

Analysts have nudged their price target for Kanzhun slightly higher to approximately $25.98 per share, up from about $25.93. This adjustment reflects modestly stronger expectations for long term revenue growth and a marginally lower discount rate, which more than offset a minor trim to projected profit margins.
PCTY
US$152.32
Paylocity Holding
7D
1.0%
1Y
-24.3%

PCTY: Beat And Raise Cadence Will Drive Long Term Capital Appreciation

Narrative Update on Paylocity Holding Analyst Price Target Analysts have modestly fine tuned their price target assumptions for Paylocity Holding, maintaining fair value near $194 per share. Slight adjustments to discount rates and long term growth expectations reflect confidence in the company’s ability to deliver a beat and raise cadence and attractive long term appreciation, despite mixed target revisions across the Street.
YOUL
US$1.62
Youlife Group
7D
1.9%
1Y
n/a
ASUR
US$9.02
Asure Software
7D
1.0%
1Y
-1.3%
BGSF
US$4.78
BGSF
7D
10.4%
1Y
-20.3%