CBIZ, Inc. CBZ
CBIZ, Inc. (NYSE: CBZ) is a leading professional services advisor to middle-market businesses nationwide. With industry knowledge and expertise in accounting, tax, advisory, benefits, insurance, and technology, CBIZ delivers actionable insights to help clients anticipate what is next and discover new ways to accelerate growth. CBIZ has more than 9,500 team members across more than 140 locations in 23 major markets coast to coast.
Since the Company's founding in 1996, CBIZ has been committed to building an organization that offers unparalleled services and expertise across its industries, addressing its clients' most critical, time-sensitive needs while delivering forward-thinking solutions and actionable insights.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.76B | $1.81B | $1.59B | $1.41B | $1.10B | $963.9M | $948.4M | $922.0M | $855.3M | $799.8M |
| Cost of revenue | $2.40B | $1.63B | $1.37B | $1.19B | $945.6M | $825.4M | $823.5M | $790.3M | $755.6M | $697.7M |
| Gross profit | $355.4M | $182.5M | $223.2M | $223.4M | $159.3M | $138.5M | $124.9M | $131.7M | $99.8M | $102.1M |
| SG&A | $121.4M | $108.8M | $58.0M | $55.0M | $56.1M | $46.1M | $44.4M | $39.2M | $33.3M | $36.3M |
| Operating income | $234.0M | $73.7M | $165.2M | $168.3M | $72.7M | $92.5M | $80.5M | $92.5M | $66.5M | $65.8M |
| Interest expense | $107.2M | $34.4M | $20.1M | $8.0M | — | — | — | — | — | — |
| Pre-tax income | $160.8M | $57.8M | $166.3M | $141.5M | $93.0M | $103.5M | $92.9M | $79.8M | $74.3M | $67.0M |
| Income tax | $45.4M | $16.8M | $45.3M | $36.1M | $22.1M | $25.1M | $21.8M | $18.3M | $23.3M | $26.4M |
| Net income | $115.4M | $41.0M | $121.0M | $105.4M | $70.9M | $78.3M | $70.7M | $61.6M | $50.4M | $40.1M |
| EPS, basic | 1.84 | 0.78 | 2.42 | 2.05 | 1.35 | 1.44 | 1.30 | 1.13 | 0.94 | 0.77 |
| EPS, diluted | 1.83 | 0.78 | 2.39 | 2.01 | 1.32 | 1.41 | 1.26 | 1.09 | 0.91 | 0.75 |
| Shares, diluted (wtd. avg.) | $63.2M | $52.7M | $50.6M | $52.4M | $53.7M | $55.4M | $55.9M | $56.5M | $55.7M | $53.5M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $18.3M | $13.8M | $8.1M | $160.1M | $150.5M | $170.3M | $146.5M | $130.6M | $182.3M | $199.5M |
| Receivables | $556.0M | $534.9M | $380.2M | $334.5M | $242.2M | $216.2M | $222.0M | $207.3M | $188.3M | $175.4M |
| Total current assets | $899.2M | $835.7M | $612.7M | $568.4M | $451.7M | $436.4M | $456.0M | $423.5M | $448.2M | $441.6M |
| Property, plant and equipment | $81.2M | $88.2M | $57.0M | $45.2M | $43.4M | $41.3M | $39.4M | $34.2M | $26.1M | $19.4M |
| Goodwill | $2.33B | $2.33B | $865.2M | $819.9M | $740.7M | $683.1M | $588.2M | $564.3M | $528.4M | $487.5M |
| Total assets | $4.41B | $4.47B | $2.04B | $1.88B | $1.63B | $1.51B | $1.40B | $1.18B | $1.18B | $1.12B |
| Accounts payable | $90.9M | $90.6M | $82.8M | $80.7M | $65.8M | $64.1M | $68.5M | $58.6M | $51.4M | $45.8M |
| Short-term debt | $66.4M | $66.2M | $0 | — | — | — | — | — | — | — |
| Total current liabilities | $735.6M | $705.8M | $511.9M | $512.4M | $423.3M | $378.3M | $365.9M | $321.3M | $334.2M | $339.4M |
| Long-term debt | $1.39B | $1.33B | $310.8M | $263.7M | $154.9M | $107.2M | $104.3M | $134.0M | $177.7M | $190.0M |
| Total liabilities | $2.65B | $2.69B | $1.25B | $1.17B | $923.4M | $811.1M | $741.5M | $589.4M | $645.4M | $638.6M |
| Retained earnings | $1.01B | $896.1M | $855.1M | $734.1M | $628.8M | $557.9M | $479.6M | $409.0M | $345.3M | $294.9M |
| Total equity | $1.76B | $1.78B | $791.6M | $713.5M | $704.5M | $702.6M | $659.2M | $593.7M | $530.9M | $480.0M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $192.5M | $123.7M | $153.5M | $126.1M | $131.2M | $146.8M | $98.2M | $105.2M | $77.0M | $74.1M |
| Depreciation and amortisation | $98.3M | $48.1M | $36.3M | $32.9M | $27.1M | $23.1M | $22.3M | $23.7M | $23.1M | $22.1M |
| Stock-based compensation | $26.0M | $13.8M | $12.3M | $14.7M | $11.4M | $8.9M | $7.3M | — | — | — |
| Capital expenditure | $17.0M | $12.9M | $23.1M | $8.6M | $9.0M | $11.6M | $13.9M | $14.6M | $11.9M | $4.1M |
| Investing cash flow | -$15.9M | -$1.13B | -$79.4M | -$99.1M | -$82.0M | -$46.4M | -$27.7M | -$47.6M | -$48.7M | -$9.8M |
| Financing cash flow | -$145.7M | $1.04B | -$77.1M | -$17.3M | -$69.0M | -$76.6M | -$54.5M | -$109.4M | -$45.6M | -$18.4M |
| Buybacks | $160.1M | $0 | $65.4M | $122.5M | $97.5M | $56.5M | $27.2M | $17.5M | $19.7M | $9.1M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000944148-26-000094.
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