NASDAQ : CASS
Cass Information Systems, Inc. — Financial statements
Industrials · Specialty Business Services · United States
Last price 52.74 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 673.81M
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Financial statements
Cass Information Systems, Inc. (CASS) reported revenue of 217.29M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 113.76M | 113.39M | 113.89M | 110.10M | 124.98M | 109.69M |
| Other Revenue | 103.53M | 94.03M | 88.00M | 82.59M | 62.33M | 45.50M |
| Revenue | 217.29M | 207.42M | 201.89M | 192.69M | 187.31M | 155.19M |
| Cost of Revenue | 109.43M | 110.41M | 109.78M | 103.84M | 107.82M | 92.03M |
| Gross Profit | 107.85M | 97.01M | 92.11M | 88.85M | 79.48M | 63.16M |
| Selling, General & Admin | 5.83M | 5.84M | 5.47M | 5.41M | 6.57M | 6.45M |
| Amortization of Goodwill & Intangibles | 1.17M | 1.17M | 692.00K | 692.00K | 680.00K | 859.00K |
| Other Operating Expenses | 28.20M | 25.90M | 26.30M | 25.12M | 19.19M | 14.12M |
| Operating Expenses | 44.13M | 40.83M | 48.41M | 38.12M | 33.10M | 28.17M |
| Operating Income | 63.73M | 56.19M | 43.70M | 50.73M | 46.38M | 34.99M |
| Interest Expense | -15.66M | -16.33M | -20.26M | -16.27M | -3.48M | -1.17M |
| EBT Excluding Unusual Items | 48.06M | 39.86M | 23.45M | 34.46M | 42.90M | 33.82M |
| Merger & Restructuring Charges | -1.10M | -1.10M | ||||
| Pretax Income | 46.96M | 38.76M | 23.45M | 34.46M | 42.90M | 33.82M |
| Income Tax Expense | 8.89M | 7.65M | 4.89M | 6.57M | 8.00M | 5.22M |
| Earnings From Continuing Operations | 38.07M | 31.11M | 18.56M | 27.89M | 34.90M | 28.60M |
| Earnings From Discontinued Operations | 110.00K | 4.00M | 610.00K | 2.17M | ||
| Net Income | 38.18M | 35.12M | 19.17M | 30.06M | 34.90M | 28.60M |
| Net Income to Common | 38.18M | 35.12M | 19.17M | 30.06M | 34.90M | 28.60M |
| Shares Outstanding (Basic) | 12.85M | 13.18M | 13.50M | 13.53M | 13.55M | 14.09M |
| Shares Outstanding (Diluted) | 13.12M | 13.46M | 13.78M | 13.82M | 13.81M | 14.33M |
| EPS (Basic) | 2.97 | 2.66 | 1.42 | 2.22 | 2.58 | 2.03 |
| EPS (Diluted) | 2.91 | 2.61 | 1.39 | 2.18 | 2.53 | 2.00 |
| Free Cash Flow | 31.77M | 30.44M | 25.00M | 45.74M | 30.18M | |
| Free Cash Flow Per Share | 2.36 | 2.21 | 1.81 | 3.31 | 2.11 | |
| Dividend Per Share | 1.28 | 1.25 | 1.21 | 1.17 | 1.13 | 1.09 |
| Gross Margin | 49.64% | 46.77% | 45.62% | 46.11% | 42.44% | 40.70% |
| Operating Margin | 29.33% | 27.09% | 21.65% | 26.33% | 24.76% | 22.55% |
| Profit Margin | 17.57% | 16.93% | 9.49% | 15.60% | 18.63% | 18.43% |
| Free Cash Flow Margin | 15.32% | 15.08% | 12.97% | 24.42% | 19.45% | |
| EBITDA | 71.12M | 63.39M | 49.43M | 55.38M | 51.08M | 40.16M |
| EBITDA Margin | 32.73% | 30.56% | 24.48% | 28.74% | 27.27% | 25.88% |
| D&A For EBITDA | 7.39M | 7.20M | 5.72M | 4.65M | 4.70M | 5.17M |
| EBIT | 63.73M | 56.19M | 43.70M | 50.73M | 46.38M | 34.99M |
| EBIT Margin | 29.33% | 27.09% | 21.65% | 26.33% | 24.76% | 22.55% |
| Effective Tax Rate | 18.93% | 19.73% | 20.84% | 19.07% | 18.64% | 15.43% |
| Advertising Expenses | 3.07M | 2.77M | 2.61M | 2.89M | 2.63M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 255.87M | 392.27M | 349.73M | 372.47M | 200.94M | 514.93M |
| Cash & Short-Term Investments | 255.87M | 392.27M | 349.73M | 372.47M | 200.94M | 514.93M |
| Receivables | 1.06B | 1.12B | 1.12B | 1.11B | 1.17B | 953.52M |
| Other Current Assets | 257.71M | 164.51M | 222.94M | 198.86M | 293.77M | 291.43M |
| Total Current Assets | 1.57B | 1.67B | 1.70B | 1.68B | 1.66B | 1.76B |
| Property, Plant & Equipment | 29.79M | 33.85M | 30.58M | 30.09M | 19.96M | 18.11M |
| Long-Term Investments | 802.46M | 770.77M | 528.02M | 627.12M | 754.47M | 673.45M |
| Goodwill | 16.16M | 16.33M | 17.31M | 17.31M | 14.26M | |
| Other Intangible Assets | 19.02M | 3.73M | 4.91M | 3.35M | 4.13M | 2.56M |
| Other Long-Term Assets | 135.00M | 107.68M | 118.07M | 117.55M | 117.30M | 86.64M |
| Total Assets | 2.56B | 2.61B | 2.40B | 2.48B | 2.57B | 2.55B |
| Accounts Payable | 1.13B | 1.12B | 1.13B | 1.07B | 1.07B | 1.05B |
| Current Portion of Leases | 826.00K | |||||
| Other Current Liabilities | 496.25M | 1.19B | 977.50M | 1.13B | 1.25B | 1.19B |
| Total Current Liabilities | 1.63B | 2.32B | 2.11B | 2.20B | 2.32B | 2.24B |
| Long-Term Leases | 3.68M | |||||
| Other Long-Term Liabilities | 702.31M | 41.07M | 58.94M | 47.96M | 50.99M | 71.64M |
| Total Liabilities | 2.33B | 2.36B | 2.17B | 2.25B | 2.37B | 2.31B |
| Common Stock | 7.75M | 7.75M | 7.75M | 7.75M | 7.75M | 7.75M |
| Additional Paid-In Capital | 208.06M | 207.05M | 205.59M | 208.01M | 207.42M | 204.28M |
| Retained Earnings | 184.76M | 167.09M | 148.49M | 145.78M | 131.68M | 112.22M |
| Treasury Stock | -117.44M | -112.15M | -87.61M | -84.26M | -81.21M | -78.90M |
| Comprehensive Income & Other | -57.10M | -26.75M | -45.19M | -47.47M | -59.32M | 453.00K |
| Shareholders' Equity | 226.04M | 243.00M | 229.03M | 229.81M | 206.32M | 245.80M |
| Total Liabilities & Equity | 2.56B | 2.61B | 2.40B | 2.48B | 2.57B | 2.55B |
| Total Debt | 4.51M | |||||
| Net Cash (Debt) | 255.87M | 387.76M | 349.73M | 372.47M | 200.94M | 514.93M |
| Net Cash Per Share | 19.50 | 28.80 | 25.38 | 26.96 | 14.55 | 35.93 |
| Filing Date Shares Outstanding | 12.78M | 12.90M | 13.50M | 13.65M | 13.71M | 13.69M |
| Total Common Shares Outstanding | 12.78M | 12.92M | 13.50M | 13.58M | 13.67M | 13.73M |
| Working Capital | -57.91M | -644.44M | -409.94M | -517.64M | -655.85M | -477.59M |
| Book Value Per Share | 17.69 | 18.81 | 16.96 | 16.92 | 15.09 | 17.90 |
| Tangible Book Value | 207.02M | 223.11M | 207.78M | 209.16M | 184.89M | 228.97M |
| Tangible Book Value Per Share | 16.20 | 17.27 | 15.39 | 15.40 | 13.53 | 16.67 |
| Land | 873.00K | 873.00K | 873.00K | 873.00K | 873.00K | |
| Buildings | 15.31M | 15.18M | 15.18M | 14.90M | 14.83M | |
| Machinery | 17.24M | 16.32M | 16.33M | 14.67M | 13.55M | |
| Leasehold Improvements | 1.57M | 1.44M | 2.05M | 2.04M | 2.04M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 35.12M | 19.17M | 30.06M | 34.90M | 28.60M | |
| Depreciation & Amortization | 7.20M | 5.72M | 4.65M | 4.70M | 5.17M | |
| Loss (Gain) From Sale of Investments | 4.51M | 3.64M | 4.64M | 6.26M | 7.28M | |
| Stock-Based Compensation | 4.19M | 3.05M | 4.01M | 6.73M | 2.86M | |
| Provision & Write-off of Bad Debts | 348.00K | 447.00K | -550.00K | 1.35M | -130.00K | |
| Other Operating Activities | -16.48M | 3.55M | -3.38M | -2.05M | -7.03M | |
| Change in Accounts Receivable | -322.00K | -3.83M | -3.08M | -2.52M | -602.00K | |
| Change in Income Taxes | 4.26M | -192.00K | -1.77M | 724.00K | 206.00K | |
| Change in Other Net Operating Assets | 5.19M | 806.00K | 1.50M | -1.81M | ||
| Operating Cash Flow | 37.44M | 38.95M | 36.94M | 51.61M | 34.55M | |
| Capital Expenditures | -5.66M | -8.51M | -11.94M | -5.87M | -4.37M | |
| Cash Acquisitions | -2.95M | -4.81M | ||||
| Divestitures | 18.00M | |||||
| Investment in Securities | -222.31M | 93.57M | 135.48M | -167.04M | -333.50M | |
| Other Investing Activities | 43.92M | -10.49M | 92.53M | -6.35M | -121.98M | |
| Investing Cash Flow | -145.28M | 3.95M | 284.66M | -306.39M | -528.52M | |
| Repurchase of Common Stock | -25.99M | -7.25M | -5.77M | -5.30M | -31.00M | |
| Common Dividends Paid | -16.51M | -16.46M | -15.96M | -15.44M | -15.45M | |
| Other Financing Activities | 192.88M | -41.93M | -128.34M | -38.46M | 384.81M | |
| Financing Cash Flow | 150.38M | -65.64M | -150.07M | -59.20M | 338.37M | |
| Net Cash Flow | 42.54M | -22.74M | 171.53M | -313.99M | -155.60M | |
| Free Cash Flow | 31.77M | 30.44M | 25.00M | 45.74M | 30.18M | |
| Free Cash Flow Margin | 15.32% | 15.08% | 12.97% | 24.42% | 19.45% | |
| Free Cash Flow Per Share | 2.36 | 2.21 | 1.81 | 3.31 | 2.11 | |
| Levered Free Cash Flow | 306.85M | -115.52M | 51.58M | -103.35M | 242.86M | |
| Unlevered Free Cash Flow | 317.06M | -102.86M | 61.74M | -101.17M | 243.59M | |
| Cash Interest Paid | 16.39M | 20.23M | 15.70M | 3.43M | 1.19M | |
| Cash Income Tax Paid | 5.14M | 5.51M | 9.30M | 8.40M | 5.64M | |
| Change in Working Capital | 3.93M | 1.17M | -4.04M | -292.00K | -2.21M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 692.78M | 543.26M | 555.12M | 612.52M | 625.96M | 550.88M |
| Enterprise Value | 436.91M | 289.31M | 332.26M | 212.82M | 288.73M | 55.82M |
| Last Close Price | 52.74 | 40.71 | 38.97 | 41.76 | 41.29 | 34.40 |
| PE Ratio | 18.64 | 15.47 | 28.96 | 20.38 | 17.93 | 19.26 |
| Forward PE | 15.87 | 14.99 | 19.86 | 18.46 | 15.48 | 26.82 |
| PS Ratio | 3.14 | 2.62 | 2.75 | 3.18 | 3.34 | 3.55 |
| PB Ratio | 2.98 | 2.24 | 2.42 | 2.67 | 3.03 | 2.24 |
| P/TBV Ratio | 3.30 | 2.44 | 2.67 | 2.93 | 3.39 | 2.41 |
| P/FCF Ratio | 16.30 | 17.10 | 18.24 | 24.50 | 13.69 | 18.25 |
| P/OCF Ratio | 14.04 | 14.51 | 14.25 | 16.58 | 12.13 | 15.95 |
| EV/Sales Ratio | 1.97 | 1.40 | 1.65 | 1.10 | 1.54 | 0.36 |
| EV/EBITDA Ratio | 6.01 | 4.56 | 6.72 | 3.84 | 5.65 | 1.39 |
| EV/EBIT Ratio | 6.70 | 5.15 | 7.60 | 4.20 | 6.22 | 1.59 |
| EV/FCF Ratio | 10.20 | 9.11 | 10.92 | 8.51 | 6.31 | 1.85 |
| Debt / Equity Ratio | 0.02 | |||||
| Debt / EBITDA Ratio | 0.07 | |||||
| Debt / FCF Ratio | 0.14 | |||||
| Net Debt / Equity Ratio | -1.13 | -1.60 | -1.53 | -1.62 | -0.97 | -2.10 |
| Net Debt / EBITDA Ratio | -3.60 | -6.12 | -7.08 | -6.73 | -3.93 | -12.82 |
| Net Debt / FCF Ratio | -12.20 | -11.49 | -14.90 | -4.39 | -17.06 | |
| Asset Turnover | 0.09 | 0.08 | 0.08 | 0.08 | 0.07 | 0.07 |
| Quick Ratio | 0.81 | 0.65 | 0.70 | 0.67 | 0.59 | 0.66 |
| Current Ratio | 0.96 | 0.72 | 0.81 | 0.77 | 0.72 | 0.79 |
| Return on Equity (ROE) | 16.22% | 13.18% | 8.09% | 12.79% | 15.44% | 11.29% |
| Return on Assets (ROA) | 1.59% | 1.40% | 1.12% | 1.26% | 1.13% | 0.92% |
| Return on Capital Employed (ROCE) | 6.90% | 19.50% | 15.20% | 18.30% | 18.00% | 11.00% |
| Earnings Yield | 5.36% | 6.46% | 3.45% | 4.91% | 5.58% | 5.19% |
| FCF Yield | 6.13% | 5.85% | 5.48% | 4.08% | 7.31% | 5.48% |
| Dividend Yield | 2.51% | 2.97% | 2.94% | 2.59% | 2.47% | 2.72% |
| Payout Ratio | 46.76% | 47.02% | 85.89% | 53.09% | 44.24% | 54.00% |
| Buyback Yield / Dilution | 3.46% | 2.28% | 0.28% | -0.06% | 3.64% | 1.63% |
| Total Shareholder Return | 6.04% | 5.25% | 3.22% | 2.54% | 6.11% | 4.35% |