RHI vs TNET: Robert Half International and TriNet compared
The short version
From the latest prices and each company's SEC filings. Who's ahead on each measure, not which to buy.
- Robert Half International is the larger company, worth $3.7B, close to TriNet's $3.1B.
- Robert Half International grew revenue faster over the last year (-2.4% vs -4.8%).
- On earnings, TriNet is the cheaper stock (20.3x vs 27.5x).
- Robert Half International's price assumes faster free cash flow growth: about 0% a year, against -0% for TriNet (reverse DCF).
Side by side
The stronger figure is shaded where higher (or, for valuation multiples, lower) reads as better. How the implied growth works.
| Measure | RHI | TNET |
|---|---|---|
| Market cap | $3.7B | $3.1B |
| Share price | $33.93 | $64.45 |
| Revenue (last fiscal year) | $5.4B | $5.0B |
| Free cash flow (last fiscal year) | $267M | $234M |
| Revenue growth, last year | -2.4% | -4.8% |
| Revenue growth per year, last 5 fiscal years | -4.5% | +2.5% |
| Operating margin | 0.20% | — |
| Net margin | 2.2% | 3.6% |
| Return on equity | 9.5% | 140.0% |
| P/E (trailing) | 27.5x | 20.3x |
| Price / free cash flow | 13.7x | 10.3x |
| EV / EBITDA | 15.3x | 7.26x |
| FCF growth the price implies | 0.03% | -0.22% |
| Dividend yield | 6.7% | 1.6% |
| Debt / equity | 1.37x | 25.8x |
| Fundamental grade | D | C |
| Superinvestors holding it | 5 | 1 |
| Insider purchases, last 12 months | 0 | 0 |
Results from SEC filings
Revenue and free cash flow by fiscal year, from each company's 10-K filings.
Robert Half International
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $6.5B | $567M | 12.5% |
| 2022 | $7.2B | $623M | 12.3% |
| 2023 | $6.4B | $591M | 7.3% |
| 2024 | $5.8B | $354M | 4.2% |
| 2025 | $5.4B | $267M | 1.4% |
TriNet
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $4.5B | $178M | 10.0% |
| 2022 | $4.9B | $441M | 10.2% |
| 2023 | $4.9B | $464M | 9.5% |
| 2024 | $5.1B | $201M | — |
| 2025 | $5.0B | $234M | — |
Where the revenue comes from
Robert Half International · by segments, 2025
Contract Talent Solutions$3.0B56%
Protiviti$1.9B36%
Permanent Placement Talent Solutions$440M8%
TriNet · by products, 2023
Insurance service revenues$4.2B85%
Professional service revenues$756M15%
Compare them in fullFifteen years of statements, quarterly results, DCF and IRR models, and any number of peers side by side.
Open RHI in InvestinglyQuestions
Which is bigger, Robert Half International or TriNet?
Robert Half International (RHI), at $3.7B against $3.1B.
Is RHI or TNET cheaper?
By trailing P/E, TriNet (20.3x) is cheaper than Robert Half International (27.5x). A lower multiple can also mean the market expects less growth.
Which grows faster, RHI or TNET?
Robert Half International: revenue grew -2.4% over the last year, against -4.8%.
More comparisons
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.