TacticScaleWhat Robert Half Does & How It Makes Money (RHI)
Updated October 2026 · reflects Robert Half's latest reported financials
Staffing firm placing professionals plus Protiviti business consulting. It earns revenue by billing clients for the hours its contract professionals work and by charging fees when it successfully places permanent hires.
How Robert Half makes money
It earns revenue by billing clients for the hours its contract professionals work and by charging fees when it successfully places permanent hires. Protiviti earns consulting and managed-solutions fees from client engagements.
What Robert Half does
Robert Half Inc., founded in 1948 and headquartered in Menlo Park, California, is a talent solutions and business consulting company operating in the United States and internationally. It runs three segments. Contract Talent Solutions places contract professionals in finance and accounting, technology, marketing and creative, legal and administrative, and customer support roles. Permanent Placement Talent Solutions recruits full-time accounting, finance and tax staff. Protiviti offers consulting and managed solutions covering regulatory compliance, finance, technology, operations, data, digital, legal, HR, governance, risk and internal audit. The company brings in clients and job candidates through national and local advertising, including radio, digital ads, job boards, alliance partners and events. It operates mainly under the Robert Half and Protiviti brands, and changed its name from Robert Half International Inc. in July 2023.
Products & services
- Contract Talent Solutions
- Permanent Placement Talent Solutions
- Protiviti consulting
- Protiviti managed solutions
- Robert Half brand
What is Robert Half worth?
On an owner-earnings DCF, Robert Half's most-likely value is about $66 versus a recent price near $34 (93% below fair value). But TacticScale only calls a stock undervalued when the price sits below its conservative no-growth floor (~$38) with a margin of safety — so the honest verdict here is “Deeply discounted.” Fair value earns its keep only at the extremes, not in the wide middle.
On the financials alone, $34 is below even the no-growth floor ($38); the market's discount — expectations and sentiment beyond the numbers — is pricing in ≈ -1.1%/yr. A bargain only if that pessimism is overdone.
Analysis, not advice. Fair value is a margin-of-safety estimate from a deterministic owner-earnings DCF, not a price target or recommendation. See the full breakdown →
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