What is Kelly Services's net debt?

Kelly Services (KELYB) reported net debt of $154.4M in Q1 2026.

How has Kelly Services's net debt changed year-over-year?

Kelly Services's net debt decreased by 33.3% year-over-year, from $231.6M to $154.4M.

What is the long-term trend for Kelly Services's net debt?

Over 5 years (2020 to 2025), Kelly Services's net debt has grown at a -2.3% compound annual growth rate (CAGR), from -$136.1M to $121.4M.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

Kelly Services KELYB Net debt

Discontinued — last reported Q1 '26

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1.1×-0.3×

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HES

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4.8×+2.6×

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Hyster-Yale Materials Handling, Inc.HY

27.5×+26.1×

Other financials

Income statement

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Revenue$1.0B-10.7%

Gross profit$196.4M-17.0%

Operating income-$5.1M-147%

Net income-$5.9M-202%

EPS (diluted)-$0.17-206%

Balance sheet

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Cash & equivalents$29.5M-14.5%

Total debt$183.9M-30.9%

Total equity$968.5M-21.9%

Total assets$2.3B-13.1%

Cash flow

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Operating cash flow-$25.4M-206%

CapEx$1.1M-56.0%

Free cash flow-$26.5M-224%

Valuation

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Market cap$758.91M+79.2%

Enterprise value$913.31M+39.5%

P/S0.2×+0.1×

Profitability

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Gross margin19.7%-0.8pp

Operating margin-2.1%-4.2pp

Net margin-6.4%-7.0pp

FCF margin1.6%—

Returns & leverage

See full

Return on equity-24.1%-26.0pp

Debt / equity0.2×0.0×

Current ratio1.6×-0.1×

Where this comes from

Calculated from Kelly Services’s reported figures.

$183.9Mtotal debt−$29.5Mcash and equivalents=$154.4M

The official record: Kelly Services’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Kelly Services's net debt?: Kelly Services (KELYB) reported net debt of $154.4M in Q1 2026.
How has Kelly Services's net debt changed year-over-year?: Kelly Services's net debt decreased by 33.3% year-over-year, from $231.6M to $154.4M.
What is the long-term trend for Kelly Services's net debt?: Over 5 years (2020 to 2025), Kelly Services's net debt has grown at a -2.3% compound annual growth rate (CAGR), from -$136.1M to $121.4M.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.