Cbiz Inc Financials
This page shows Cbiz Inc (CBZ) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Debt-funded balance-sheet expansion turned CBIZ into a larger but more interest-sensitive business, with cash generation carrying more of the load.
FY2025 shows a two-step recovery: operating margin rebounded to8.5% from4.1% . But interest expense now absorbs far more of that improvement, rising to$107M from$20M in FY2023, so net earnings recovered more slowly than operating profit.
Cash conversion is better than net income suggests: FY2025 operating cash flow reached
The balance sheet now looks acquisition-shaped: goodwill sits at roughly half of assets, and long-term debt of
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Cbiz Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Cbiz Inc has an operating margin of 8.5%, meaning the company retains $8 of operating profit per $100 of revenue. This results in a moderate score of 63/100, indicating healthy but not exceptional operating efficiency. This is up from 4.1% the prior year.
Cbiz Inc's revenue surged 52.1% year-over-year to $2.8B, reflecting rapid business expansion. This strong growth earns a score of 90/100.
Cbiz Inc has elevated debt relative to equity (D/E of 0.80), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 13/100, reflecting increased financial risk.
Cbiz Inc's current ratio of 1.57 indicates adequate short-term liquidity, earning a score of 43/100. The company can meet its near-term obligations, though with limited headroom.
Cbiz Inc has a free cash flow margin of 6.4%, earning a moderate score of 55/100. The company generates positive cash flow after capital investments, but with room for improvement.
Cbiz Inc's ROE of 6.2% shows moderate profitability relative to equity, earning a score of 53/100. This is up from 2.3% the prior year.
Cbiz Inc scores 1.72, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Cbiz Inc passes 7 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Cbiz Inc generates $1.67 in operating cash flow ($192.5M OCF vs $115.4M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Cbiz Inc earns $2.2 in operating income for every $1 of interest expense ($234.0M vs $107.2M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.
Key Financial Metrics
Earnings & Revenue
Cbiz Inc generated $2.8B in revenue in fiscal year 2025. This represents an increase of 52.1% from the prior year.
Cbiz Inc's EBITDA was $332.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 172.9% from the prior year.
Cbiz Inc reported $115.4M in net income in fiscal year 2025. This represents an increase of 181.3% from the prior year.
Cbiz Inc earned $1.83 per diluted share (EPS) in fiscal year 2025. This represents an increase of 134.6% from the prior year.
Cash & Balance Sheet
Cbiz Inc generated $175.5M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 58.4% from the prior year.
Cbiz Inc held $17.0M in cash against $1.5B in long-term debt as of fiscal year 2025.
Cbiz Inc had 54M shares outstanding in fiscal year 2025. This represents an increase of 8.3% from the prior year.
Margins & Returns
Cbiz Inc's gross margin was 12.9% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 2.8 percentage points from the prior year.
Cbiz Inc's operating margin was 8.5% in fiscal year 2025, reflecting core business profitability. This is up 4.4 percentage points from the prior year.
Cbiz Inc's net profit margin was 4.2% in fiscal year 2025, showing the share of revenue converted to profit. This is up 1.9 percentage points from the prior year.
Cbiz Inc's ROE was 6.2% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 3.9 percentage points from the prior year.
Capital Allocation
Cbiz Inc spent $160.1M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
Cbiz Inc invested $17.0M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 31.3% from the prior year.
CBZ Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $848.6M+56.4% | $542.7M-21.8% | $693.8M+1.5% | $683.5M-18.4% | $838.0M+82.1% | $460.3M+4.9% | $438.9M+4.5% | $420.0M |
| Cost of Revenue | $622.6M+4.9% | $593.4M-1.7% | $603.7M+1.4% | $595.6M-2.3% | $609.9M+16.8% | $522.2M+42.7% | $366.0M-0.1% | $366.4M |
| Gross Profit | $226.0M+545.4% | -$50.7M-156.3% | $90.1M+2.5% | $87.9M-61.5% | $228.1M+468.5% | -$61.9M-184.9% | $72.9M+35.9% | $53.6M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $29.6M-14.1% | $34.4M+10.1% | $31.3M+13.1% | $27.6M-1.5% | $28.1M-37.3% | $44.8M+92.7% | $23.2M+5.3% | $22.1M |
| Operating Income | $196.4M+330.7% | -$85.2M-244.7% | $58.9M-2.3% | $60.3M-69.9% | $200.0M+287.5% | -$106.7M-314.7% | $49.7M+57.3% | $31.6M |
| Interest Expense | $23.9M-8.7% | $26.2M-6.3% | $28.0M+0.3% | $27.9M+10.6% | $25.2M+32.5% | $19.0M+282.8% | $5.0M-15.6% | $5.9M |
| Income Tax | $64.9M+310.3% | -$30.8M-400.6% | $10.3M-35.2% | $15.8M-68.4% | $50.1M+244.7% | -$34.6M-318.1% | $15.9M+89.1% | $8.4M |
| Net Income | $161.6M+303.5% | -$79.4M-363.4% | $30.1M-28.1% | $41.9M-65.8% | $122.8M+235.3% | -$90.7M-358.6% | $35.1M+77.3% | $19.8M |
| EPS (Diluted) | $2.63 | N/A | $0.48-27.3% | $0.66-65.4% | $1.91 | N/A | $0.70+79.5% | $0.39 |
CBZ Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $4.6B+5.0% | $4.4B-3.0% | $4.5B+0.2% | $4.5B-1.0% | $4.6B+2.6% | $4.5B+109.6% | $2.1B-1.3% | $2.2B |
| Current Assets | $1.1B+18.9% | $899.2M-10.6% | $1.0B+4.1% | $966.0M-3.7% | $1.0B+20.0% | $835.7M+23.7% | $675.8M-2.6% | $693.9M |
| Cash & Equivalents | $28.7M+57.0% | $18.3M+7.8% | $17.0M-57.4% | $39.8M+349.9% | $8.8M-36.0% | $13.8M+1184.9% | $1.1M-4.6% | $1.1M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $769.4M+38.4% | $556.0M-22.7% | $719.6M+6.4% | $676.1M-8.1% | $735.4M+37.5% | $534.9M+12.2% | $476.6M-0.3% | $477.8M |
| Goodwill | $2.3B+0.1% | $2.3B | N/A | N/A | N/A | $2.3B | N/A | N/A |
| Total Liabilities | $2.7B+3.3% | $2.6B-1.0% | $2.7B+1.0% | $2.6B-0.9% | $2.7B-0.7% | $2.7B+123.2% | $1.2B-5.0% | $1.3B |
| Current Liabilities | $655.9M-10.8% | $735.6M+14.6% | $641.8M+6.5% | $602.3M-8.7% | $660.1M-6.5% | $705.8M+55.8% | $452.9M-3.2% | $467.8M |
| Long-Term Debt | $1.5B+5.2% | $1.4B-7.5% | $1.5B+1.0% | $1.5B+1.8% | $1.5B+9.7% | $1.3B+297.1% | $335.8M-11.5% | $379.7M |
| Total Equity | $1.9B+7.5% | $1.8B-5.9% | $1.9B-1.1% | $1.9B-1.2% | $1.9B+7.6% | $1.8B+91.8% | $927.9M+4.1% | $891.4M |
| Retained Earnings | $1.2B+16.0% | $1.0B-7.3% | $1.1B+2.8% | $1.1B+4.1% | $1.0B+13.7% | $896.1M-9.2% | $986.8M+3.7% | $951.8M |
CBZ Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$25.5M-117.8% | $143.6M+499.3% | $24.0M-78.8% | $113.1M+228.2% | -$88.3M-259.0% | $55.5M+27.0% | $43.7M-50.4% | $88.2M |
| Capital Expenditures | $3.0M+55.9% | $1.9M+0.7% | $1.9M-76.0% | $7.9M+53.5% | $5.2M+58.6% | $3.3M+21.9% | $2.7M+44.5% | $1.9M |
| Free Cash Flow | -$28.5M-120.1% | $141.7M+542.5% | $22.1M-79.0% | $105.2M+212.6% | -$93.4M-278.8% | $52.3M+27.3% | $41.1M-52.4% | $86.3M |
| Investing Cash Flow | -$2.9M-375.4% | $1.1M+123.0% | -$4.6M+37.1% | -$7.3M-47.9% | -$5.0M+99.6% | -$1.1B-13348.2% | $8.3M+283.4% | -$4.5M |
| Financing Cash Flow | -$12.6M+82.2% | -$70.5M-67.9% | -$42.0M+52.6% | -$88.6M-260.1% | $55.4M-95.1% | $1.1B+1629.1% | -$73.3M+11.8% | -$83.1M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $29.0M-10.4% | $32.3M-42.7% | $56.4M-20.9% | $71.3M | $0 | $0 | $0 | $0 |
CBZ Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 26.6%+36.0pp | -9.3%-22.3pp | 13.0%+0.1pp | 12.9%-14.4pp | 27.2%+40.7pp | -13.5%-30.1pp | 16.6%+3.8pp | 12.8% |
| Operating Margin | 23.2%+38.8pp | -15.7%-24.2pp | 8.5%-0.3pp | 8.8%-15.0pp | 23.9%+47.0pp | -23.2%-34.5pp | 11.3%+3.8pp | 7.5% |
| Net Margin | 19.1%+33.7pp | -14.6%-19.0pp | 4.3%-1.8pp | 6.1%-8.5pp | 14.6%+34.4pp | -19.7%-27.7pp | 8.0%+3.3pp | 4.7% |
| Return on Equity | 8.5%+13.0pp | -4.5%-6.1pp | 1.6%-0.6pp | 2.2%-4.2pp | 6.4%+11.5pp | -5.1%-8.9pp | 3.8%+1.6pp | 2.2% |
| Return on Assets | 3.5%+5.3pp | -1.8%-2.5pp | 0.7%-0.3pp | 0.9%-1.8pp | 2.7%+4.7pp | -2.0%-3.7pp | 1.6%+0.7pp | 0.9% |
| Current Ratio | 1.63+0.4 | 1.22-0.3 | 1.57-0.0 | 1.60+0.1 | 1.52+0.3 | 1.18-0.3 | 1.490.0 | 1.48 |
| Debt-to-Equity | 0.77-0.0 | 0.79-0.0 | 0.80+0.0 | 0.79+0.0 | 0.76+0.0 | 0.75+0.4 | 0.36-0.1 | 0.43 |
| FCF Margin | -3.4%-29.5pp | 26.1%+22.9pp | 3.2%-12.2pp | 15.4%+26.5pp | -11.2%-22.5pp | 11.3%+2.0pp | 9.3%-11.2pp | 20.5% |
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Frequently Asked Questions
What is Cbiz Inc's annual revenue?
Cbiz Inc (CBZ) reported $2.8B in total revenue for fiscal year 2025. This represents a 52.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Cbiz Inc's revenue growing?
Cbiz Inc (CBZ) revenue grew by 52.1% year-over-year, from $1.8B to $2.8B in fiscal year 2025.
Is Cbiz Inc profitable?
Yes, Cbiz Inc (CBZ) reported a net income of $115.4M in fiscal year 2025, with a net profit margin of 4.2%.
What is Cbiz Inc's EBITDA?
Cbiz Inc (CBZ) had EBITDA of $332.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Cbiz Inc have?
As of fiscal year 2025, Cbiz Inc (CBZ) had $17.0M in cash and equivalents against $1.5B in long-term debt.
What is Cbiz Inc's gross margin?
Cbiz Inc (CBZ) had a gross margin of 12.9% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Cbiz Inc's operating margin?
Cbiz Inc (CBZ) had an operating margin of 8.5% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Cbiz Inc's net profit margin?
Cbiz Inc (CBZ) had a net profit margin of 4.2% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Cbiz Inc's return on equity (ROE)?
Cbiz Inc (CBZ) has a return on equity of 6.2% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Cbiz Inc's free cash flow?
Cbiz Inc (CBZ) generated $175.5M in free cash flow during fiscal year 2025. This represents a 58.4% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Cbiz Inc's operating cash flow?
Cbiz Inc (CBZ) generated $192.5M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Cbiz Inc's total assets?
Cbiz Inc (CBZ) had $4.5B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Cbiz Inc's capital expenditures?
Cbiz Inc (CBZ) invested $17.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Cbiz Inc's current ratio?
Cbiz Inc (CBZ) had a current ratio of 1.57 as of fiscal year 2025, which is generally considered healthy.
What is Cbiz Inc's debt-to-equity ratio?
Cbiz Inc (CBZ) had a debt-to-equity ratio of 0.80 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Cbiz Inc's return on assets (ROA)?
Cbiz Inc (CBZ) had a return on assets of 2.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Cbiz Inc's Altman Z-Score?
Cbiz Inc (CBZ) has an Altman Z-Score of 1.72, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Cbiz Inc's Piotroski F-Score?
Cbiz Inc (CBZ) has a Piotroski F-Score of 7 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Cbiz Inc's earnings high quality?
Cbiz Inc (CBZ) has an earnings quality ratio of 1.67x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Cbiz Inc cover its interest payments?
Cbiz Inc (CBZ) has an interest coverage ratio of 2.2x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Cbiz Inc?
Cbiz Inc (CBZ) scores 53 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.