NYSE : CBZ
CBIZ, Inc. — Financial statements
Industrials · Specialty Business Services · United States
Last price 54.98 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 3.01B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
CBIZ, Inc. (CBZ) reported revenue of 2.78B 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 | |
|---|---|---|---|---|---|---|
| Revenue | 2.78B | 2.76B | 1.81B | 1.59B | 1.41B | 1.10B |
| Cost of Revenue | 2.35B | 2.34B | 1.63B | 1.37B | 1.19B | 945.63M |
| Gross Profit | 428.76M | 419.69M | 187.47M | 223.20M | 223.37M | 159.29M |
| Selling, General & Admin | 114.47M | 96.58M | 65.05M | 57.97M | 55.02M | 56.15M |
| Operating Expenses | 114.47M | 96.58M | 65.05M | 57.97M | 55.02M | 56.15M |
| Operating Income | 314.30M | 323.11M | 122.42M | 165.24M | 168.34M | 103.14M |
| Interest Expense | -98.47M | -107.22M | -34.38M | -20.13M | -8.04M | -3.87M |
| Other Non Operating Income (Expenses) | 10.89M | 23.42M | 20.53M | 23.76M | -19.24M | 20.58M |
| EBT Excluding Unusual Items | 226.72M | 239.31M | 108.57M | 168.87M | 141.06M | 119.86M |
| Merger & Restructuring Charges | -91.80M | -89.10M | -48.70M | |||
| Gain (Loss) on Sale of Assets | 711.00K | 711.00K | 4.93M | 176.00K | 413.00K | 6.00M |
| Legal Settlements | 1.10M | 12.50M | -30.47M | |||
| Other Unusual Items | 58.87M | -2.59M | -6.99M | -2.74M | -2.37M | |
| Pretax Income | 195.59M | 160.84M | 57.81M | 166.30M | 141.47M | 93.02M |
| Income Tax Expense | 56.38M | 45.39M | 16.77M | 45.34M | 36.12M | 22.13M |
| Earnings From Continuing Operations | 139.21M | 115.44M | 41.04M | 120.97M | 105.35M | 70.89M |
| Net Income | 139.21M | 115.44M | 41.04M | 120.97M | 105.35M | 70.89M |
| Net Income to Common | 139.21M | 115.44M | 41.04M | 120.97M | 105.35M | 70.89M |
| Shares Outstanding (Basic) | 60.24M | 62.91M | 52.38M | 49.99M | 51.50M | 52.64M |
| Shares Outstanding (Diluted) | 60.78M | 63.24M | 52.66M | 50.56M | 52.39M | 53.72M |
| EPS (Basic) | 2.31 | 1.84 | 0.78 | 2.42 | 2.05 | 1.35 |
| EPS (Diluted) | 2.29 | 1.83 | 0.78 | 2.39 | 2.01 | 1.32 |
| Free Cash Flow | 266.95M | 175.53M | 110.78M | 130.46M | 117.49M | 122.17M |
| Free Cash Flow Per Share | 4.39 | 2.78 | 2.10 | 2.58 | 2.24 | 2.27 |
| Gross Margin | 15.45% | 15.22% | 10.34% | 14.03% | 15.82% | 14.42% |
| Operating Margin | 11.32% | 11.71% | 6.75% | 10.38% | 11.92% | 9.34% |
| Profit Margin | 5.01% | 4.19% | 2.26% | 7.60% | 7.46% | 6.42% |
| Free Cash Flow Margin | 9.62% | 6.36% | 6.11% | 8.20% | 8.32% | 11.06% |
| EBITDA | 410.42M | 421.38M | 170.48M | 201.51M | 201.24M | 130.22M |
| EBITDA Margin | 14.79% | 15.28% | 9.40% | 12.66% | 14.25% | 11.79% |
| D&A For EBITDA | 96.12M | 98.27M | 48.06M | 36.27M | 32.90M | 27.08M |
| EBIT | 314.30M | 323.11M | 122.42M | 165.24M | 168.34M | 103.14M |
| EBIT Margin | 11.32% | 11.71% | 6.75% | 10.38% | 11.92% | 9.34% |
| Effective Tax Rate | 28.83% | 28.22% | 29.01% | 27.26% | 25.53% | 23.79% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 17.55M | 18.29M | 13.83M | 8.09M | 4.70M | 2.00M |
| Trading Asset Securities | 628.00K | 495.00K | 2.28M | 133.00K | ||
| Cash & Short-Term Investments | 17.55M | 18.92M | 14.32M | 10.37M | 4.83M | 2.00M |
| Accounts Receivable | 782.39M | 556.00M | 534.86M | 380.15M | 334.50M | 242.17M |
| Receivables | 782.39M | 556.00M | 534.86M | 380.15M | 334.50M | 242.17M |
| Restricted Cash | 40.85M | 38.23M | 38.66M | 30.36M | 28.49M | 30.38M |
| Other Current Assets | 222.84M | 286.10M | 247.89M | 191.80M | 200.61M | 177.13M |
| Total Current Assets | 1.06B | 899.25M | 835.73M | 612.68M | 568.43M | 451.67M |
| Property, Plant & Equipment | 415.29M | 481.68M | 268.04M | 229.23M | 194.57M | |
| Long-Term Investments | 263.00K | 2.62M | 2.91M | 7.68M | 405.00K | |
| Goodwill | 2.33B | 2.33B | 865.18M | 819.92M | 740.74M | |
| Other Intangible Assets | 2.83B | 539.99M | 614.01M | 143.42M | 131.78M | 100.04M |
| Other Long-Term Assets | 718.15M | 224.94M | 205.39M | 151.36M | 122.09M | 140.50M |
| Total Assets | 4.61B | 4.41B | 4.47B | 2.04B | 1.88B | 1.63B |
| Accounts Payable | 90.93M | 90.65M | 82.83M | 80.72M | 65.76M | |
| Accrued Expenses | 197.53M | 172.76M | 133.59M | 130.46M | 114.03M | |
| Current Portion of Long-Term Debt | 96.25M | 66.64M | 66.18M | 120.00K | ||
| Current Portion of Leases | 64.67M | 60.55M | 36.28M | 36.36M | 30.59M | |
| Current Income Taxes Payable | 11.01M | 2.10M | 1.61M | 1.67M | ||
| Other Current Liabilities | 603.53M | 304.80M | 315.67M | 257.12M | 263.26M | 211.12M |
| Total Current Liabilities | 699.78M | 735.59M | 705.80M | 511.92M | 512.41M | 423.29M |
| Long-Term Debt | 1.36B | 1.39B | 1.33B | 312.02M | 263.65M | 155.35M |
| Long-Term Leases | 307.90M | 372.59M | 203.91M | 174.45M | 145.81M | |
| Long-Term Deferred Tax Liabilities | 7.14M | 10.88M | 29.29M | 24.76M | 15.44M | |
| Other Long-Term Liabilities | 640.17M | 203.04M | 267.44M | 194.84M | 190.39M | 183.50M |
| Total Liabilities | 2.70B | 2.65B | 2.69B | 1.25B | 1.17B | 923.39M |
| Common Stock | 3.07B | 1.45M | 1.38M | 1.37M | 1.36M | 1.35M |
| Additional Paid-In Capital | 1.83B | 1.79B | 832.48M | 799.15M | 770.12M | |
| Retained Earnings | 1.01B | 896.12M | 855.08M | 734.12M | 628.76M | |
| Treasury Stock | -1.16B | -1.08B | -910.60M | -899.09M | -824.78M | -694.72M |
| Comprehensive Income & Other | -3.29M | 1.22M | 1.78M | 3.60M | -967.00K | |
| Shareholders' Equity | 1.91B | 1.76B | 1.78B | 791.62M | 713.45M | 704.55M |
| Total Liabilities & Equity | 4.61B | 4.41B | 4.47B | 2.04B | 1.88B | 1.63B |
| Total Debt | 1.45B | 1.83B | 1.83B | 552.21M | 474.47M | 331.86M |
| Net Cash (Debt) | -1.44B | -1.81B | -1.82B | -541.83M | -469.64M | -329.86M |
| Net Cash Per Share | -23.63 | -28.69 | -34.55 | -10.72 | -8.96 | -6.14 |
| Filing Date Shares Outstanding | 54.76M | 50.07M | 53.76M | 50.02M | 50.38M | 52.18M |
| Total Common Shares Outstanding | 54.76M | 54.38M | 50.20M | 49.81M | 50.18M | 52.04M |
| Working Capital | 363.86M | 163.66M | 129.92M | 100.76M | 56.02M | 28.39M |
| Book Value Per Share | 34.93 | 32.40 | 35.46 | 15.89 | 14.22 | 13.54 |
| Tangible Book Value | -915.92M | -1.11B | -1.17B | -216.99M | -238.25M | -136.24M |
| Tangible Book Value Per Share | -16.73 | -20.37 | -23.22 | -4.36 | -4.75 | -2.62 |
| Buildings | 82.58M | 81.75M | 58.54M | 47.30M | 41.89M | |
| Machinery | 96.41M | 89.56M | 75.44M | 63.30M | 56.79M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 139.21M | 115.44M | 41.04M | 120.97M | 105.35M | 70.89M |
| Depreciation & Amortization | 96.12M | 98.27M | 48.06M | 36.27M | 32.90M | 27.08M |
| Other Amortization | 5.47M | 5.47M | 1.26M | 472.00K | ||
| Loss (Gain) From Sale of Assets | 413.00K | -711.00K | -4.93M | -176.00K | -413.00K | -6.00M |
| Stock-Based Compensation | 28.59M | 26.00M | 13.84M | 12.29M | 14.69M | 11.41M |
| Provision & Write-off of Bad Debts | 9.15M | 7.29M | 3.79M | 1.55M | 1.17M | 3.05M |
| Other Operating Activities | 22.08M | 12.36M | -2.76M | 11.18M | 14.48M | 11.45M |
| Change in Accounts Receivable | -71.50M | -27.10M | 48.22M | -36.09M | -61.11M | -17.04M |
| Change in Accounts Payable | -17.55M | 443.00K | -18.85M | 2.21M | 14.36M | 3.31M |
| Change in Income Taxes | 16.25M | 17.15M | -7.54M | -5.92M | -5.58M | -4.11M |
| Change in Other Net Operating Assets | 64.22M | -62.14M | 1.57M | 10.76M | 10.28M | 31.11M |
| Operating Cash Flow | 290.69M | 192.49M | 123.69M | 153.51M | 126.13M | 131.15M |
| Capital Expenditures | -23.74M | -16.96M | -12.91M | -23.05M | -8.64M | -8.98M |
| Sale of Property, Plant & Equipment | 3.02M | |||||
| Cash Acquisitions | -1.62M | -1.62M | -1.09B | -53.11M | -79.14M | -66.73M |
| Divestitures | 1.53M | 1.53M | 7.13M | 3.06M | 9.71M | |
| Other Investing Activities | -4.40M | 1.20M | -35.98M | -6.29M | -14.36M | -16.00M |
| Investing Cash Flow | -28.24M | -15.85M | -1.13B | -79.39M | -99.12M | -82.01M |
| Long-Term Debt Issued | 1.48B | 2.49B | 1.22B | 824.90M | 852.10M | |
| Long-Term Debt Repaid | -1.43B | -1.38B | -1.18B | -714.50M | -804.80M | |
| Net Debt Issued (Repaid) | 51.50M | 51.50M | 1.11B | 46.70M | 110.40M | 47.30M |
| Issuance of Common Stock | 8.76M | 10.04M | 7.31M | |||
| Repurchase of Common Stock | -167.92M | -167.92M | -11.51M | -73.83M | -129.83M | -100.49M |
| Other Financing Activities | -139.97M | -29.29M | -61.38M | -58.75M | -7.95M | -23.13M |
| Financing Cash Flow | -256.39M | -145.71M | 1.04B | -77.11M | -17.34M | -69.00M |
| Net Cash Flow | 6.06M | 30.92M | 30.02M | -3.00M | 9.67M | -19.86M |
| Free Cash Flow | 266.95M | 175.53M | 110.78M | 130.46M | 117.49M | 122.17M |
| Free Cash Flow Margin | 9.62% | 6.36% | 6.11% | 8.20% | 8.32% | 11.06% |
| Free Cash Flow Per Share | 4.39 | 2.78 | 2.10 | 2.58 | 2.24 | 2.27 |
| Levered Free Cash Flow | 276.26M | 214.00M | -10.39M | 77.54M | 108.68M | 118.45M |
| Unlevered Free Cash Flow | 332.33M | 275.54M | 9.84M | 89.65M | 113.70M | 120.87M |
| Cash Interest Paid | 105.43M | 105.43M | 25.69M | 19.13M | 7.42M | 3.35M |
| Cash Income Tax Paid | 23.58M | 23.58M | 37.54M | 39.98M | 27.82M | 17.00M |
| Change in Working Capital | -8.59M | -71.64M | 23.40M | -29.04M | -42.04M | 13.27M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 3.03B | 2.74B | 4.09B | 3.12B | 2.37B | 2.04B |
| Enterprise Value | 4.90B | 4.69B | 4.66B | 3.73B | 2.85B | 2.40B |
| Last Close Price | 54.98 | 50.45 | 81.83 | 62.59 | 46.85 | 39.12 |
| PE Ratio | 25.86 | 23.77 | 99.70 | 25.79 | 22.48 | 28.75 |
| Forward PE | 12.24 | 13.01 | 27.91 | 23.60 | 19.56 | 21.38 |
| PS Ratio | 1.09 | 0.99 | 2.26 | 1.96 | 1.68 | 1.84 |
| PB Ratio | 1.58 | 1.56 | 2.30 | 3.94 | 3.32 | 2.89 |
| P/FCF Ratio | 11.35 | 15.64 | 36.93 | 23.91 | 20.16 | 16.68 |
| P/OCF Ratio | 10.42 | 14.26 | 33.08 | 20.32 | 18.78 | 15.54 |
| PEG Ratio | 0.91 | 0.95 | 2.48 | 1.75 | 1.45 | 1.58 |
| EV/Sales Ratio | 1.77 | 1.70 | 2.57 | 2.34 | 2.02 | 2.17 |
| EV/EBITDA Ratio | 12.60 | 11.12 | 27.31 | 18.51 | 14.18 | 18.45 |
| EV/EBIT Ratio | 16.64 | 14.51 | 38.03 | 22.57 | 16.95 | 23.29 |
| EV/FCF Ratio | 18.37 | 26.71 | 42.02 | 28.59 | 24.29 | 19.66 |
| Debt / Equity Ratio | 0.76 | 1.04 | 1.03 | 0.70 | 0.67 | 0.47 |
| Debt / EBITDA Ratio | 3.54 | 3.58 | 8.25 | 2.24 | 1.94 | 2.00 |
| Debt / FCF Ratio | 5.45 | 10.44 | 16.55 | 4.23 | 4.04 | 2.72 |
| Net Debt / Equity Ratio | 0.75 | 1.03 | 1.02 | 0.68 | 0.66 | 0.47 |
| Net Debt / EBITDA Ratio | 3.50 | 4.30 | 10.67 | 2.69 | 2.33 | 2.53 |
| Net Debt / FCF Ratio | 5.38 | 10.34 | 16.42 | 4.15 | 4.00 | 2.70 |
| Asset Turnover | 0.61 | 0.62 | 0.56 | 0.81 | 0.81 | 0.70 |
| Quick Ratio | 1.14 | 0.78 | 0.78 | 0.76 | 0.66 | 0.58 |
| Current Ratio | 1.52 | 1.22 | 1.18 | 1.20 | 1.11 | 1.07 |
| Return on Equity (ROE) | 7.36% | 6.52% | 3.19% | 16.07% | 14.86% | 10.08% |
| Return on Assets (ROA) | 4.29% | 4.55% | 2.35% | 5.27% | 6.00% | 4.10% |
| Return on Invested Capital (ROIC) | 6.30% | 6.46% | 3.52% | 9.55% | 11.31% | 7.80% |
| Return on Capital Employed (ROCE) | 8.00% | 8.80% | 3.30% | 10.80% | 12.30% | 8.60% |
| Earnings Yield | 3.87% | 4.21% | 1.00% | 3.88% | 4.45% | 3.48% |
| FCF Yield | 8.81% | 6.40% | 2.71% | 4.18% | 4.96% | 6.00% |
| Buyback Yield / Dilution | 2.90% | -20.09% | -4.16% | 3.50% | 2.48% | 2.96% |