One-glance verdict
Within fair range
$4.94 our estimate vs market $4.95
Wall Street consensus: $6.75 (36.7% higher than our fair-value estimate)
0% above our estimate
Fundamentals snapshot
DHI Group, Inc.
DHX · NYQ · Technology · Software - Application
Current price
$4.95
52-week range
$1.44 - $5.19
Market cap
$213.83M
Balance sheet
Watch
5.65x Adequate
Net debt $36.97M. Interest coverage shows how many times profit covers the interest bill.
What stands out
2 Rewards
2 Risks
2 rewards · 2 risks
- Reward Returns 1.2% on equity, ahead of 20% of its peers.
- Reward Free cash flow was positive in 10/10 years.
- Risk Stock trades 84.6% above its 5-year average P/E.
- Risk Net debt grew 2.1% over 3 years.
What this company does
DHI Group, Inc.
DHI Group is like a specialized matchmaking service for jobs, connecting companies with hard-to-find technology professionals and workers who have government security clearances. The company makes money primarily by charging employers fees to post jobs and search for candidates on its two main websites, Dice and ClearanceJobs. This focus on niche, high-demand fields is important because companies are often willing to pay more to find the right person for these specialized roles.
How the company got here
DHI Group started in 1990 as a service for technology contractors called DICE. [2] It launched its website, Dice.com, in 1996 and became a public company in 2007. [2] A key turning point was the 2004 acquisition of ClearanceJobs, a career site for professionals with government security clearances. [2] In 2015, the parent company changed its name from Dice Holdings, Inc. to DHI Group, Inc. to reflect its broader portfolio of specialized career websites. [9] More recently, the company has sold off its non-technology-focused businesses to concentrate on its two main brands: Dice and ClearanceJobs. [6]
What it actually does
DHI Group runs specialized online job boards, which it calls 'career marketplaces,' that are powered by artificial intelligence (AI). [10, 11] Think of it as a LinkedIn or Indeed, but focused specifically on people working in the technology industry. The company's websites help connect companies looking to hire skilled tech workers with professionals seeking jobs. [2] DHI makes money by charging employers subscription fees for services like posting jobs and searching through candidate profiles to find the right person. [8, 12]
Dice
This is the company's original and largest business, focused on technology and engineering professionals in the general job market. [5, 7] Companies of all sizes, from small businesses to large corporations, pay Dice to post job openings for roles like software engineers and data specialists. [13] While it has recently faced challenges from a slowdown in tech hiring, it still represents a significant part of the company's business. [8, 14] This segment helps connect a wide range of tech talent with employers across many different industries. [5]
ClearanceJobs
This is a highly specialized career website for professionals who have an active U.S. government security clearance. [5] The customers for this service are typically government agencies and private defense contractors who need to hire people for sensitive jobs that safeguard the nation. [5, 13] Because of the specific and high-demand nature of these roles, this segment has been growing quickly and is very profitable for the company. [8] It is now nearly as large as the Dice segment in terms of revenue (the total money a company brings in from sales). [8]
What management is betting on now
The company's main strategy is to focus entirely on its two core businesses, Dice and ClearanceJobs. [6] Management is investing heavily in the ClearanceJobs platform, expecting it to grow as government and defense spending increases. [8, 12] For the Dice platform, the company is betting on the growing demand for tech workers with artificial intelligence skills, enhancing its tools to help employers find candidates with very specific AI expertise. [8, 10] The company is also using its cash to repurchase its own stock, a move called a buyback (when a company purchases its own shares from the marketplace), which can increase the value of the remaining shares. [8, 12]
Price history
How the share price has moved
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Loading price history…
Earnings history
Last 8 quarters — what happened
Click any quarter to read the call summary and what the numbers say.
FY2024 Q3
$2.29M
FY2024 Q4
$1.58M
FY2025 Q1
$88.00K
FY2025 Q2
$4.84M
FY2025 Q3
$3.17M
FY2025 Q4
$5.69M
FY2026 Q1
$6.76M
FY2026 Q2
$4.49M
Revenue
$31.34M
Net income
$2.60M
Diluted EPS
0.06
Operating cash flow
$6.10M
Free cash flow
$4.49M
Fetching…
Sources
Revenue
$29.69M
Net income
$1.53M
Diluted EPS
0.04
Operating cash flow
$8.41M
Free cash flow
$6.76M
Fetching…
Sources
Revenue
$31.38M
Net income
$951.00K
Diluted EPS
0.03
Operating cash flow
$7.22M
Free cash flow
$5.69M
Fetching…
Sources
Revenue
$32.12M
Net income
$-4.27M
Diluted EPS
-0.10
Operating cash flow
$4.76M
Free cash flow
$3.17M
Fetching…
Sources
Revenue
$32.03M
Net income
$-841.00K
Diluted EPS
-0.02
Operating cash flow
$6.87M
Free cash flow
$4.84M
Fetching…
Sources
Revenue
$32.30M
Net income
$-9.35M
Diluted EPS
-0.21
Operating cash flow
$2.25M
Free cash flow
$88.00K
Fetching…
Sources
Revenue
$34.78M
Net income
$1.02M
Diluted EPS
0.02
Operating cash flow
$4.37M
Free cash flow
$1.58M
Fetching…
Sources
Revenue
$35.28M
Net income
$-200.00K
Diluted EPS
0.00
Operating cash flow
$5.53M
Free cash flow
$2.29M
Fetching…
Sources
Is it cheap or expensive?
Fair value $4.94 vs current price $4.95
Wall Street consensus is the average analyst price target: $6.75 (36.7% higher than our fair-value estimate).
Our most-likely fair value is $4.94 a share — about 0.2% away from today's price of $4.95, so the stock currently looks fairly priced.
Is it drowning in debt?
Watch
Net debt $37.0M. Interest coverage 5.6x.
Net debt
$36.97M
Interest coverage
5.65x
DHI Group, Inc.'s profit covers its interest bill about 5.6 times over. which is stronger than most peers shown here and 3 peers sit below 1x, which is the danger zone where profit does not fully cover the interest bill.
Watch
Worse cushion
Baseline
Better cushion
DHX
BASELINE
DHI Group, Inc.
Total debt $40.74M Interest coverage 5.65x This is the baseline the peer rows are being compared against.
Total debt $264.99M Interest coverage -0.65x -100% vs DHX This peer has almost no interest-payment cushion compared with DHX.
Total debt $2.68M Interest coverage -0.55x -100% vs DHX This peer has almost no interest-payment cushion compared with DHX.
Total debt $379.41M Interest coverage 28.84x +411% vs DHX Carries about 5.1x more debt cushion than DHX.
Total debt $138.44M Interest coverage -27.98x -100% vs DHX This peer has almost no interest-payment cushion compared with DHX.
Total debt $29.22M Interest coverage 9.40x +66% vs DHX Carries about 1.7x more debt cushion than DHX.
What you should know
The case for and against DHX
2 Rewards
2 Risks
Rewards
-
Returns 1.2% on equity, ahead of 20% of its peers.
-
Free cash flow was positive in 10/10 years.
Risks
-
Stock trades 84.6% above its 5-year average P/E.
-
Net debt grew 2.1% over 3 years.
The numbers
All the key metrics, grouped by purpose
Tap any ? icon to learn what it means.
Valuation
How expensive the stock looks
P/E (TTM)
165.00x
Forward P/E
22.00x
P/B
1.80x
P/S
1.72x
EV/EBITDA
8.03x
PEG ratio
1.56x
Profitability
How much profit each dollar creates
Gross margin
83.8%
Operating margin
12.2%
Net margin
1.0%
ROE
1.2%
ROA
5.5%
Health
Liquidity and balance-sheet strength
Debt / equity
0.43x
Current ratio
0.44x
Quick ratio
0.39x
Total debt
$40.74M
Total cash
$3.77M
Growth
How the business has been compounding
Revenue TTM
$124.53M
Revenue 5Y CAGR
1.6%
EPS TTM
0.03
EPS 5Y CAGR
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Cash flow
How much cash the business throws off
Operating CF TTM
$26.50M
Free CF TTM
$13.79M
FCF margin
11.1%
Dividend
Shareholder payout
Yield
—
Payout ratio
0.0%
Last ex-div date
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