Kforce Inc. (KFRC) Bundle
Ever wondered how Kforce Inc. (KFRC), a prominent player in the professional staffing and solutions industry, operates and generates revenue? With a history spanning over 60 years, and a $871 million market cap as of April 11, 2025, Kforce has established itself as a key partner for companies seeking talent in technology, finance, and accounting. This article dives into the history, ownership structure, mission, operational model, and revenue streams of Kforce, providing a comprehensive overview of the company's business.
Kforce Inc. (KFRC) History
Kforce Inc.'s Founding Timeline
Year established
Kforce Inc. was established in 1966.
Original location
The company was originally located in Tampa, Florida.
Founding team members
The founding team members included Derek Dewan, who served as CEO for a significant period.
Initial capital/funding
Details regarding the initial capital or funding for the company's establishment are not readily available in the provided context.
Kforce Inc.'s Evolution Milestones
| Year | Key Event | Significance |
|---|---|---|
| 1966 | Established as a temporary staffing firm | Marked the beginning of the company's operations in the staffing industry. |
| 1995 | Changed its name to Kforce Inc. | Reflected a strategic rebranding to align with its evolving service offerings. |
| 2000s | Expanded service offerings to include technology staffing and solutions. | Diversified its revenue streams and positioned itself in high-growth areas of the staffing market. |
| 2017 | Kforce Ranks on the Training Top 125 List for the 16th Consecutive Year | Demonstrates Kforce's commitment to employee training and development. |
| 2019 | Kforce commits to advance gender equality in the workplace by signing the UN Women’s Empowerment Principles | Demonstrates Kforce's commitment to gender equality. |
| 2020 | Kforce Included in Bloomberg Gender-Equality Index for Third Consecutive Year | Highlights Kforce's ongoing efforts to promote gender equality in the workplace. |
| 2021 | Kforce Names Joseph J. Liberatore as President and Chief Executive Officer | Signifies a leadership transition and potential shift in strategic direction. |
Kforce Inc.'s Transformative Moments
- Strategic Shift to Technology Staffing: Kforce's decision to focus on technology staffing and solutions was transformative, allowing it to capitalize on the growing demand for IT professionals.
- Rebranding as Kforce Inc.: The change in name to Kforce Inc. in 1995 signaled a new chapter for the company, aligning its brand with its broader service offerings and market aspirations.
- Leadership Transition: The appointment of Joseph J. Liberatore as President and CEO in 2021 marked a pivotal moment, potentially influencing the company's strategic priorities and operational focus.
- Commitment to Gender Equality: Kforce's consistent inclusion in the Bloomberg Gender-Equality Index and its signing of the UN Women’s Empowerment Principles highlight its dedication to gender equality, enhancing its reputation and attracting talent.
For insights into the company's financial stability and growth, see Breaking Down Kforce Inc. (KFRC) Financial Health: Key Insights for Investors.
Kforce Inc. (KFRC) Ownership Structure
Kforce Inc. features a mix of institutional and individual ownership, reflecting a balance of investment strategies and stakeholder interests.
Kforce Inc.'s Current Status
Kforce Inc. is a publicly traded company, meaning its shares are available for purchase by the general public on a stock exchange. This allows the company to raise capital through the issuance of stock and provides liquidity for investors.
Kforce Inc.'s Ownership Breakdown
Understanding the ownership structure of Kforce Inc. provides insights into who has influence over the company's decisions. Here's a breakdown:
| Shareholder Type | Ownership, % | Notes |
|---|---|---|
| Institutional Investors | 88.71% | These are firms that invest on behalf of others, such as pension funds, mutual funds, and insurance companies. |
| Individual Insiders | 0.66% | This includes the company’s executives and board members. |
| Retail Investors | 10.63% | These are individual investors who buy shares for their own accounts. |
Kforce Inc.'s Leadership
The leadership team at Kforce Inc. is responsible for setting the strategic direction of the company and overseeing its operations. As of April 2025, key figures include:
- Joseph J. Liberatore: Chief Executive Officer
- David L. Kelly: President
- Albert N. Teuffer III: Chief Financial Officer
These individuals, along with other members of the executive team, guide the company's strategies and ensure its financial health. For more detailed insights into Kforce Inc.'s financial performance, you might find this resource helpful: Breaking Down Kforce Inc. (KFRC) Financial Health: Key Insights for Investors
Kforce Inc. (KFRC) Mission and Values
Kforce operates with a clear mission and set of values that guide its actions and define its culture, emphasizing integrity, client focus, and community involvement.
Kforce Inc.'s Core Purpose
Official mission statement
Kforce's mission statement is: 'To deliver great results through proven methods and a commitment to ethics that compels us to build rewarding relationships with our customers, consultants and each other.'
Vision statement
While a specific, distinct 'vision statement' is not explicitly declared, Kforce's aspirations can be inferred from their strategic goals and operational focus:
- To be the leading provider of professional staffing and solutions.
- To create significant value for clients by matching them with highly skilled professionals.
- To foster a culture of integrity and excellence, making Kforce a desirable place to work.
Company slogan/tagline
Kforce's current tagline is 'Great People Know Great People®'.
Additional information about Kforce Inc. and its investors can be found here: Exploring Kforce Inc. (KFRC) Investor Profile: Who’s Buying and Why?
Kforce Inc. (KFRC) How It Works
Kforce Inc. operates as a staffing and solutions firm, providing flexible and permanent staffing services and technology solutions to clients across various industries.
Kforce Inc.'s Product/Service Portfolio
| Product/Service | Target Market | Key Features |
|---|---|---|
| Technology Staffing | Companies needing IT professionals | Provision of skilled professionals in areas like application development, data science, cybersecurity, and cloud computing. |
| Finance and Accounting Staffing | Businesses requiring finance and accounting experts | Placement of professionals specializing in accounting, taxation, audit, and financial analysis. |
| Government Solutions | Federal, state, and local government agencies | Delivery of IT and professional staffing services tailored to government requirements. |
| Healthcare Solutions | Healthcare organizations | Staffing for roles such as nurses, medical assistants, and healthcare IT specialists. |
Kforce Inc.'s Operational Framework
Kforce operates through a network of offices and a virtual delivery model, connecting skilled professionals with client companies. Key aspects of their operational framework include:
- Client Relationship Management: Building and maintaining strong relationships with client companies to understand their staffing and solution needs.
- Candidate Recruitment and Screening: Employing robust recruitment strategies to attract qualified candidates, followed by thorough screening and assessment processes.
- Matching and Placement: Utilizing technology and expertise to match candidate skills and experience with client requirements, ensuring successful placements.
- Service Delivery: Providing ongoing support and management of placed professionals to ensure client satisfaction and project success.
Kforce Inc.'s Strategic Advantages
Kforce's success in the staffing and solutions industry is driven by several strategic advantages:
- Specialized Focus: Concentrating on technology and finance/accounting staffing allows Kforce to develop deep expertise and a strong network of professionals in these areas.
- National Footprint: With offices across the United States, Kforce can serve clients and candidates in diverse geographic markets.
- Strong Client Relationships: Kforce's commitment to building long-term relationships with clients results in repeat business and a stable revenue stream.
- Technology Integration: Leveraging technology to streamline recruitment, matching, and service delivery processes enhances efficiency and effectiveness.
For more insights into Kforce Inc., check out: Exploring Kforce Inc. (KFRC) Investor Profile: Who’s Buying and Why?
Kforce Inc. (KFRC) How It Makes Money
Kforce Inc. primarily generates revenue by providing professional staffing services and solutions, connecting skilled professionals with companies across various industries.
Kforce Inc.'s Revenue Breakdown
Kforce operates primarily in the professional staffing and solutions industry. Understanding the revenue streams and their trends provides insight into where the company excels and areas that may need attention.
| Revenue Stream | % of Total | Growth Trend |
|---|---|---|
| Technology (Tech) | 49.6% | Increasing |
| Finance and Accounting (FA) | 50.4% | Decreasing |
Kforce Inc.'s Business Economics
Kforce operates in the professional staffing and solutions industry, where its business economics are influenced by several key factors:
- Pricing Strategy: Kforce determines its pricing based on factors such as the skill sets required, the demand for talent, and the geographic location of the placement. They likely use a cost-plus or value-based pricing model.
- Economic Sensitivity: The demand for staffing services is closely tied to overall economic conditions. During economic expansions, companies tend to hire more, increasing demand for Kforce's services. Conversely, during economic downturns, hiring slows, impacting revenue.
- Competition: The staffing industry is competitive, with numerous firms vying for market share. Kforce competes with large global players as well as smaller, regional firms.
- Client Concentration: Kforce's reliance on a few major clients could pose a risk. Losing a significant client could substantially impact revenue.
- Technology Adoption: Investing in technology to streamline recruitment processes and improve candidate matching can enhance efficiency and reduce costs.
Kforce Inc.'s Financial Performance
Analyzing Kforce's financial performance involves looking at key metrics that reflect the company’s operational efficiency, profitability, and overall financial health.
- Revenue: For the fiscal year 2024, Kforce reported revenue of approximately $1.61 billion.
- Gross Profit: The gross profit for 2024 was $489.9 million.
- Net Income: Kforce’s net income for 2024 stood at $62.5 million, or $1.29 per diluted share.
- SG&A Expenses: Selling, general, and administrative expenses totaled $412.7 million in 2024.
-
Balance Sheet Highlights:
- Cash and cash equivalents were $78.9 million as of December 31, 2024.
- Total debt was $120.0 million.
-
Cash Flow:
- Cash from operations amounted to $79.4 million in 2024.
To gain more insights into Kforce, explore Mission Statement, Vision, & Core Values of Kforce Inc. (KFRC).
Kforce Inc. (KFRC) Market Position & Future Outlook
Kforce Inc. is strategically positioned to capitalize on the evolving talent solutions landscape, with a focus on technology and finance & accounting sectors. Their future outlook appears positive, driven by increasing demand for skilled professionals and innovative service offerings.
Competitive Landscape
The following table summarizes the competitive landscape, highlighting market share and key advantages of Kforce and its main competitors.
| Company | Market Share, % | Key Advantage |
|---|---|---|
| Kforce Inc. | ~2% | Specialization in technology and finance & accounting staffing, strong client relationships. |
| Robert Half International | ~7% | Broad service portfolio, global presence. |
| ManpowerGroup | ~6% | Extensive global network, diverse workforce solutions. |
Opportunities & Challenges
Kforce faces both opportunities and risks as it navigates the dynamic market. These are critical to consider for future growth and stability.
| Opportunities | Risks |
|---|---|
| Growing demand for technology professionals, particularly in areas like cloud computing, data science, and cybersecurity. | Economic downturns that could reduce overall demand for staffing services. |
| Expansion of remote work arrangements, allowing Kforce to tap into a broader talent pool. | Increased competition from new staffing firms and technology platforms. |
| Strategic acquisitions to expand service offerings and geographic reach. | Rapid changes in technology that require continuous upskilling of talent. |
Industry Position
Kforce has solidified its standing in the talent solutions industry through a focused approach and strategic initiatives:
- Specialization: Kforce has carved out a niche by focusing on the technology and finance & accounting sectors, allowing them to develop deep expertise and strong relationships with clients in these areas.
- Client Relationships: Building and maintaining strong client relationships is a key priority for Kforce, leading to repeat business and referrals.
- Adaptability: Kforce has demonstrated an ability to adapt to changing market conditions, such as the shift to remote work and the increasing demand for specialized skills.
For more insights into Kforce Inc.'s financial stability, explore Breaking Down Kforce Inc. (KFRC) Financial Health: Key Insights for Investors.
Kforce Inc. (KFRC) DCF Excel Template
5-Year Financial Model
40+ Charts & Metrics
DCF & Multiple Valuation
Free Email Support
Disclaimer
All information, articles, and product details provided on this website are for general informational and educational purposes only. We do not claim any ownership over, nor do we intend to infringe upon, any trademarks, copyrights, logos, brand names, or other intellectual property mentioned or depicted on this site. Such intellectual property remains the property of its respective owners, and any references here are made solely for identification or informational purposes, without implying any affiliation, endorsement, or partnership.
We make no representations or warranties, express or implied, regarding the accuracy, completeness, or suitability of any content or products presented. Nothing on this website should be construed as legal, tax, investment, financial, medical, or other professional advice. In addition, no part of this site—including articles or product references—constitutes a solicitation, recommendation, endorsement, advertisement, or offer to buy or sell any securities, franchises, or other financial instruments, particularly in jurisdictions where such activity would be unlawful.
All content is of a general nature and may not address the specific circumstances of any individual or entity. It is not a substitute for professional advice or services. Any actions you take based on the information provided here are strictly at your own risk. You accept full responsibility for any decisions or outcomes arising from your use of this website and agree to release us from any liability in connection with your use of, or reliance upon, the content or products found herein.