{
 "company": "Korn Ferry",
 "ticker": "KFY",
 "sector": "Staffing & Employment Services",
 "fiscalYearEnd": null,
 "revenueUsdM": 2938.6,
 "normalizedSga": {
  "pctRevenue": 8.43,
  "peerCount": 14,
  "peerMedianPctRevenue": 27.7,
  "peerLeanQuartilePctRevenue": 19.3,
  "peers": [
   {
    "ticker": "MAN",
    "name": "ManpowerGroup Inc.",
    "normalizedSgaPctRevenue": 15.7
   },
   {
    "ticker": "PAYX",
    "name": "Paychex, Inc.",
    "normalizedSgaPctRevenue": 35.73
   },
   {
    "ticker": "RHI",
    "name": "Robert Half Inc.",
    "normalizedSgaPctRevenue": 34.95
   },
   {
    "ticker": "TNET",
    "name": "TriNet Group, Inc.",
    "normalizedSgaPctRevenue": 9.12
   },
   {
    "ticker": "NSP",
    "name": "Insperity, Inc.",
    "normalizedSgaPctRevenue": 2.98
   },
   {
    "ticker": "UPWK",
    "name": "Upwork Inc.",
    "normalizedSgaPctRevenue": 30.22
   },
   {
    "ticker": "KFRC",
    "name": "Kforce Inc.",
    "normalizedSgaPctRevenue": 23.0
   },
   {
    "ticker": "BBSI",
    "name": "Barrett Business Services, Inc.",
    "normalizedSgaPctRevenue": 20.7
   },
   {
    "ticker": "KELYA",
    "name": "Kelly Services, Inc.",
    "normalizedSgaPctRevenue": 19.28
   },
   {
    "ticker": "ZIP",
    "name": "ZipRecruiter, Inc.",
    "normalizedSgaPctRevenue": 36.68
   },
   {
    "ticker": "DHX",
    "name": "DHI Group, Inc.",
    "normalizedSgaPctRevenue": 42.57
   },
   {
    "ticker": "MHH",
    "name": "Mastech Digital, Inc.",
    "normalizedSgaPctRevenue": 27.74
   },
   {
    "ticker": "BGSF",
    "name": "BGSF, Inc.",
    "normalizedSgaPctRevenue": 43.3
   }
  ],
  "definition": "Reported SG&A less the disclosed lines that distort comparison: advertising, R&D, pension, stock-based compensation, restructuring and one-time items, plus logistics reclassed where filers park it in SG&A."
 },
 "disclosedLines": [
  {
   "key": "advertising",
   "label": "Advertising",
   "pctRevenue": 1.07,
   "companiesDisclosing": 10,
   "peersDisclosing": [
    {
     "ticker": "MAN",
     "pctRevenue": 0.16
    },
    {
     "ticker": "RHI",
     "pctRevenue": 0.86
    },
    {
     "ticker": "TNET",
     "pctRevenue": 0.38
    },
    {
     "ticker": "NSP",
     "pctRevenue": 0.56
    },
    {
     "ticker": "UPWK",
     "pctRevenue": 6.59
    },
    {
     "ticker": "KELYA",
     "pctRevenue": 0.15
    },
    {
     "ticker": "ZIP",
     "pctRevenue": 29.13
    },
    {
     "ticker": "DHX",
     "pctRevenue": 9.78
    },
    {
     "ticker": "BGSF",
     "pctRevenue": 0.75
    }
   ],
   "note": "A brand-investment choice; advertising sits outside the normalized SG&A line, so it does not explain the Exhibit 2 gap."
  },
  {
   "key": "stock_comp",
   "label": "Stock-based comp",
   "pctRevenue": 1.62,
   "companiesDisclosing": 13,
   "peersDisclosing": [
    {
     "ticker": "MAN",
     "pctRevenue": 0.15
    },
    {
     "ticker": "PAYX",
     "pctRevenue": 1.48
    },
    {
     "ticker": "TNET",
     "pctRevenue": 1.3
    },
    {
     "ticker": "NSP",
     "pctRevenue": 0.9
    },
    {
     "ticker": "UPWK",
     "pctRevenue": 8.3
    },
    {
     "ticker": "KFRC",
     "pctRevenue": 1.03
    },
    {
     "ticker": "BBSI",
     "pctRevenue": 1.13
    },
    {
     "ticker": "KELYA",
     "pctRevenue": 0.29
    },
    {
     "ticker": "ZIP",
     "pctRevenue": 10.6
    },
    {
     "ticker": "DHX",
     "pctRevenue": 3.83
    },
    {
     "ticker": "MHH",
     "pctRevenue": 1.62
    },
    {
     "ticker": "BGSF",
     "pctRevenue": 1.07
    }
   ],
   "note": "Above the peer median; equity compensation adds to the overhead load."
  },
  {
   "key": "restructuring",
   "label": "Restructuring",
   "pctRevenue": 0.0,
   "companiesDisclosing": 14,
   "peersDisclosing": [
    {
     "ticker": "MAN",
     "pctRevenue": 0.0
    },
    {
     "ticker": "PAYX",
     "pctRevenue": 0.0
    },
    {
     "ticker": "RHI",
     "pctRevenue": 0.0
    },
    {
     "ticker": "TNET",
     "pctRevenue": 0.2
    },
    {
     "ticker": "NSP",
     "pctRevenue": 0.0
    },
    {
     "ticker": "UPWK",
     "pctRevenue": 0.0
    },
    {
     "ticker": "KFRC",
     "pctRevenue": 0.0
    },
    {
     "ticker": "BBSI",
     "pctRevenue": 0.0
    },
    {
     "ticker": "KELYA",
     "pctRevenue": 0.0
    },
    {
     "ticker": "ZIP",
     "pctRevenue": 0.0
    },
    {
     "ticker": "DHX",
     "pctRevenue": 0.0
    },
    {
     "ticker": "MHH",
     "pctRevenue": 0.0
    },
    {
     "ticker": "BGSF",
     "pctRevenue": 0.0
    }
   ],
   "note": "No filed restructuring charges for the latest fiscal year; runs in line with the typical peer, counted wherever they sit on the P&L; one-time charges are stripped from the Exhibit 2 number either way."
  }
 ],
 "gapToPeers": null,
 "tsrBridge": [
  {
   "label": "1 year",
   "span": "FY2024 to FY2025",
   "companyTsrPct": 4,
   "peerTsrPct": -28,
   "driverPp": {
    "Revenue growth": 0.8,
    "Gross margin": 23,
    "SG&A": 24.4,
    "Multiple": -19.4,
    "Other": 3.2
   }
  },
  {
   "label": "3 years",
   "span": "FY2022 to FY2025",
   "companyTsrPct": 6,
   "peerTsrPct": -33,
   "driverPp": {
    "Revenue growth": 14.4,
    "Gross margin": -6.8,
    "SG&A": 31.9,
    "Multiple": -6.3,
    "Other": 5.6
   }
  },
  {
   "label": "5 years",
   "span": "FY2020 to FY2025",
   "companyTsrPct": 130,
   "peerTsrPct": -3,
   "driverPp": {
    "Revenue growth": 21.4,
    "Gross margin": -53,
    "SG&A": 132.6,
    "Multiple": -6.7,
    "Other": 38.6
   }
  }
 ],
 "recentQuarter": null,
 "sources": [
  "10-K and 10-Q filings (US GAAP)",
  "XBRL company facts",
  "earnings releases"
 ],
 "urls": {
  "briefing": "https://sgabenchmarking.com/r/KFY",
  "json": "https://sgabenchmarking.com/r/KFY.json",
  "industryBenchmarks": "https://sgabenchmarking.com/catalog.json"
 },
 "publisher": "SG&A Benchmarking, https://sgabenchmarking.com"
}
