Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Hays plc is a British multinational specialist recruitment company providing professional, skilled, and qualified staffing services across 33 countries, including the United Kingdom, Ireland, Germany, Australia, New Zealand, and others. Originally founded in 1867 as a wharf and warehouse operator on London's River Thames, it transformed through strategic acquisitions and divestitures into a pure-play recruitment leader by 2004, focusing on permanent, temporary, and contractor placements in sectors like technology, accountancy and finance, engineering, construction and property, life sciences, sales and marketing, and office support. Operating from 256 offices with around 10,800 staff, Hays plc employs a proactive 'Find & Engage' model enhanced by data analytics and AI to match talent with opportunities, addressing skill shortages and promoting diversity, equity, and inclusion through initiatives like the 2024 acquisition of Vercida Consulting, rebranded as FAIRER Consulting. As a FTSE 250 constituent, it plays a vital role in the global human resources market by bridging employers and professionals amid evolving workforce demands.
Operating margin is thin at 1.00%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue declined 8.4% YoY. The question is whether this is cyclical or a structural shift.
Free cash flow declined 47% versus the prior year, cash generation momentum has weakened. ROIC dropped from 15.55% to 4.07%, capital efficiency is deteriorating.
Profitability & Returns
Revenue (TTM)
£6.95B
▼ -8.4% YoY
Net Income (TTM)
-£5M
▼ -103.5% YoY
Op. Margin
1.00%
▼ -1.6pp YoY
ROIC
4.07%
▼ -11.5pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
£72M
▼ -47.0% YoY
Op. Cash Flow (TTM)
£157M
▲ +0.4% YoY
Net Debt
£123M
Cash & Equiv.
£161M
3Y CAGR: +7.2%
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