Kforce Full Year 2024 Earnings: In Line With Expectations

Simply Wall St

February 24, 2025

Kforce (NYSE:KFRC) Full Year 2024 Results

Key Financial Results

Revenue: US$1.41b (down 8.3% from FY 2023).
Net income: US$50.4m (down 18% from FY 2023).
Profit margin: 3.6% (down from 4.0% in FY 2023). The decrease in margin was driven by lower revenue.
EPS: US$2.71 (down from US$3.18 in FY 2023).

revenue-and-expenses-breakdown — NYSE:KFRC Revenue and Expenses Breakdown February 24th 2025

All figures shown in the chart above are for the trailing 12 month (TTM) period

Kforce Meets Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations.

The primary driver behind last 12 months revenue was the Technology (Tech) segment contributing a total revenue of US$1.29b (92% of total revenue). Notably, cost of sales worth US$1.02b amounted to 73% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to US$309.8m (92% of total expenses). Explore how KFRC's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Professional Services industry in the US.

Performance of the American Professional Services industry.

The company's shares are down 2.8% from a week ago.

Risk Analysis

You should learn about the 1 warning sign we've spotted with Kforce.

If you're looking to trade Kforce, open an account with the lowest-cost platform trusted by professionals, Interactive Brokers.

With clients in over 200 countries and territories, and access to 160 markets, IBKR lets you trade stocks, options, futures, forex, bonds and funds from a single integrated account.

Enjoy no hidden fees, no account minimums, and FX conversion rates as low as 0.03%, far better than what most brokers offer.

Valuation is complex, but we're here to simplify it.

Discover if Kforce might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.

Access Free Analysis

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.