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
Where the revenue comes from as reported in the latest 10-K
Revenue by segment
- Financial Services
- Benefits and Insurance Services
- National Practices
| Segment | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Financial Services | $2.30B | $1.36B | $1.16B |
| Benefits and Insurance Services | $409.6M | $401.0M | $382.6M |
| National Practices | $46.9M | $49.9M | $47.9M |
As the company reported it, from the “SEGMENT DISCLOSURES - Schedule of Segment Information (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.
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.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $799.8M | $855.3M | $922.0M | $948.4M | $963.9M | $1.10B | $1.41B | $1.59B | $1.81B | $2.76B |
| Gross profit | $102.1M | $99.8M | $131.7M | $124.9M | $138.5M | $159.3M | $223.4M | $223.2M | $182.5M | $355.4M |
| Net income | $40.1M | $50.4M | $61.6M | $70.7M | $78.3M | $70.9M | $105.4M | $121.0M | $41.0M | $115.4M |
Recent filings and events
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Results announced Item 2.02
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
- Other event Item 8.01
- Officer or director change Item 5.02
- Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
Others in SIC 7389
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