Cass Information Systems (CASS) Financials

$42.48 -0.03 (-0.07%)

Closing price 05/23/2025 04:00 PM Eastern

Extended Trading

$42.46 -0.02 (-0.06%)

As of 05/23/2025 04:04 PM Eastern

Annual Income Statements for Cass Information Systems

This table shows Cass Information Systems' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Net Income / (Loss) Attributable to Common Shareholders	19	27	32
Consolidated Net Income / (Loss)	19	30	35
Net Income / (Loss) Continuing Operations	19	27	32
Total Pre-Tax Income	24	37	43
Total Operating Income	45	51	43
Total Gross Profit	215	215	183
Total Revenue	215	214	183
Operating Revenue	215	214	183
Total Cost of Revenue	0.45	-0.55	0.00
Other Cost of Revenue	0.45	-0.55	-
Total Operating Expenses	170	164	140
Selling, General & Admin Expense	123	119	106
Amortization Expense	0.74	0.78	0.68
Other Operating Expenses / (Income)	43	41	32
Other Special Charges / (Income)	3.17	4.14	-
Total Other Income / (Expense), net	-20	-16	-3.48
Interest Expense	20	16	3.48
Income Tax Expense	5.05	7.30	8.00
Basic Earnings per Share	$1.42	$2.22	$2.58
Weighted Average Basic Shares Outstanding	13.50M	13.65M	13.71M
Diluted Earnings per Share	$1.39	$2.18	$2.53
Weighted Average Diluted Shares Outstanding	13.50M	13.65M	13.71M
Weighted Average Basic & Diluted Shares Outstanding	13.50M	13.65M	13.71M
Cash Dividends to Common per Share	$1.21	$1.17	$1.13

This table shows Cass Information Systems' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	3.64	3.29	4.80	7.43	4.57	7.64	7.39	7.38	-6.85	9.09
Consolidated Net Income / (Loss)	4.59	2.94	4.48	7.15	8.41	7.39	7.14	7.12	9.29	8.80
Net Income / (Loss) Continuing Operations	3.64	3.29	4.80	7.43	4.57	7.64	7.39	7.38	-6.85	9.09
Total Pre-Tax Income	5.76	3.65	5.80	9.01	10	9.16	8.87	8.97	11	11
Total Operating Income	15	9.16	6.12	14	15	14	9.16	12	-2.84	12
Total Gross Profit	85	56	19	55	89	54	19	53	60	48
Total Revenue	55	56	49	55	59	54	49	53	35	48
Operating Revenue	55	56	49	55	59	54	49	53	35	48
Total Cost of Revenue	-29	0.00	30	0.00	-30	0.00	29	0.00	-25	0.00
Total Operating Expenses	70	47	13	41	74	40	9.91	40	63	36
Amortization Expense	0.18	0.18	0.18	0.19	0.20	0.20	0.20	0.20	0.20	0.20
Other Operating Expenses / (Income)	3.52	17	13	9.87	11	10	9.71	10	8.87	9.13
Total Other Income / (Expense), net	-9.92	-5.16	0.00	-5.18	-8.34	-4.64	-0.04	-3.24	-2.14	-0.78
Interest Expense	9.92	5.16	0.00	5.18	8.34	4.64	0.04	3.24	2.14	0.78
Income Tax Expense	1.17	0.71	1.31	1.86	1.95	1.77	1.73	1.86	1.87	2.09
Basic Earnings per Share	$0.34	$0.22	$0.33	$0.53	$0.62	$0.55	$0.53	$0.52	$0.69	$0.65
Weighted Average Basic Shares Outstanding	13.50M	13.57M	13.63M	13.64M	13.65M	13.60M	13.67M	13.72M	13.71M	13.66M
Diluted Earnings per Share	$0.34	$0.21	$0.32	$0.52	$0.61	$0.54	$0.52	$0.51	$0.67	$0.64
Weighted Average Diluted Shares Outstanding	13.50M	13.57M	13.63M	13.64M	13.65M	13.60M	13.67M	13.72M	13.71M	13.66M
Weighted Average Basic & Diluted Shares Outstanding	13.50M	13.57M	13.63M	13.64M	13.65M	13.60M	13.67M	13.72M	13.71M	13.66M

This table details how cash moves in and out of Cass Information Systems' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Net Change in Cash & Equivalents	-23	172	-314
Net Cash From Operating Activities	39	37	52
Net Cash From Continuing Operating Activities	39	37	52
Net Income / (Loss) Continuing Operations	19	30	35
Consolidated Net Income / (Loss)	19	30	35
Depreciation Expense	5.25	4.19	4.02
Amortization Expense	4.33	5.25	6.96
Non-Cash Adjustments To Reconcile Net Income	3.66	3.76	8.07
Changes in Operating Assets and Liabilities, net	6.54	-6.33	-2.34
Net Cash From Investing Activities	3.95	285	-306
Net Cash From Continuing Investing Activities	3.95	285	-306
Purchase of Property, Plant & Equipment	-9.33	-14	-5.87
Acquisitions	-2.95	0.00	-4.81
Purchase of Investments	-120	-15	-232
Sale and/or Maturity of Investments	213	151	65
Other Investing Activities, net	-77	164	-129
Net Cash From Financing Activities	-66	-150	-59
Net Cash From Continuing Financing Activities	-66	-150	-59
Repayment of Debt	-1.68	-0.83	-0.59
Repurchase of Common Equity	-7.25	-5.77	-5.30
Payment of Dividends	-16	-16	-15
Other Financing Activities, net	-40	-128	-38
Cash Interest Paid	20	16	3.43
Cash Income Taxes Paid	5.51	9.30	8.40

This table details how cash moves in and out of Cass Information Systems' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-156	282	31	-180	-36	157	3.35	47	-146	86
Net Cash From Operating Activities	19	-0.20	11	9.83	7.57	12	7.68	9.29	11	9.74
Net Cash From Continuing Operating Activities	19	-0.20	11	9.83	15	9.87	5.54	6.86	20	6.74
Net Income / (Loss) Continuing Operations	4.59	2.94	4.48	7.15	8.41	7.39	7.14	7.12	9.29	8.80
Consolidated Net Income / (Loss)	4.59	2.94	4.48	7.15	8.41	7.39	7.14	7.12	9.29	8.80
Depreciation Expense	1.60	1.32	1.18	1.14	1.13	1.03	1.08	0.95	1.01	0.97
Amortization Expense	0.86	1.12	1.13	1.23	8.05	-0.90	-0.87	-1.02	11	-1.30
Non-Cash Adjustments To Reconcile Net Income	0.69	0.76	0.89	1.32	0.14	1.06	0.99	1.57	2.75	1.84
Changes in Operating Assets and Liabilities, net	11	-6.33	3.01	-1.02	-3.05	1.27	-2.79	-1.75	-3.89	-3.57
Net Cash From Investing Activities	-0.17	-8.43	85	-72	90	31	60	104	-57	-86
Net Cash From Continuing Investing Activities	-8.51	152	44	-183	89	56	69	70	-56	-109
Purchase of Property, Plant & Equipment	-1.48	-2.15	-2.04	-3.66	-4.96	-2.97	-4.44	-1.95	-1.60	-0.88
Purchase of Investments	-49	-24	-9.46	-38	-	-	-0.14	-15	-0.19	-69
Sale and/or Maturity of Investments	58	27	114	15	-26	43	59	75	15	18
Other Investing Activities, net	-13	152	-59	-157	120	16	15	13	-69	-57
Net Cash From Financing Activities	101	15	-64	-118	-134	95	-7.24	-104	-100	162
Net Cash From Continuing Financing Activities	-166	130	-23	-6.04	-132	83	-71	-30	-101	185
Repayment of Debt	0.07	0.07	0.06	-1.87	0.00	0.07	0.06	-0.97	-0.04	-0.05
Repurchase of Common Equity	-3.54	-2.65	-	-1.05	-0.56	-2.84	-2.38	0.00	-	-
Payment of Dividends	-4.20	-4.08	-4.09	-4.09	-4.07	-3.95	-3.96	-3.98	-3.96	-3.82
Other Financing Activities, net	-158	136	-19	0.98	-	-	-65	-25	-97	189
Cash Interest Paid	4.57	5.08	5.15	5.43	4.65	4.35	3.56	3.14	2.12	0.77
Cash Income Taxes Paid	1.41	1.06	2.97	0.06	2.53	2.18	4.46	0.14	2.87	2.92

This table presents Cass Information Systems' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Total Assets	2,395	2,479	2,573
Total Current Assets	1,432	1,387	1,270
Cash & Equivalents	19	21	21
Short-Term Investments	330	352	180
Note & Lease Receivable	1,082	1,014	1,069
Plant, Property, & Equipment, net	34	30	20
Total Noncurrent Assets	929	1,062	1,283
Goodwill	21	17	17
Intangible Assets	5.01	3.35	4.13
Other Noncurrent Operating Assets	903	1,041	1,261
Total Liabilities & Shareholders' Equity	2,395	2,479	2,573
Total Liabilities	2,166	2,249	2,367
Total Current Liabilities	968	1,141	1,257
Short-Term Debt	717	616	614
Customer Deposits	251	524	643
Total Noncurrent Liabilities	1,198	1,108	1,109
Other Noncurrent Operating Liabilities	1,198	1,108	1,109
Total Equity & Noncontrolling Interests	229	230	206
Total Preferred & Common Equity	229	230	206
Preferred Stock	0.00	0.00	0.00
Total Common Equity	229	230	206
Common Stock	213	216	215
Retained Earnings	148	146	132
Treasury Stock	-88	-84	-81
Accumulated Other Comprehensive Income / (Loss)	-45	-47	-59

This table presents Cass Information Systems' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	2,261	2,283	2,294	2,505	2,471	2,427	2,611
Total Current Assets	1,295	1,272	1,217	1,435	1,313	1,268	1,371
Cash & Equivalents	29	5.76	17	24	27	28	15
Short-Term Investments	201	218	175	385	243	182	332
Note & Lease Receivable	1,065	1,048	1,024	1,026	1,043	1,057	1,024
Plant, Property, & Equipment, net	34	33	33	26	24	21	19
Total Noncurrent Assets	931	977	1,044	1,044	1,133	1,139	1,220
Goodwill	17	17	17	17	17	17	17
Intangible Assets	2.79	2.97	3.15	3.54	3.74	3.93	4.32
Other Noncurrent Operating Assets	911	957	1,024	1,023	1,112	1,118	1,199
Total Liabilities & Shareholders' Equity	2,261	2,283	2,294	2,505	2,471	2,427	2,611
Total Liabilities	2,023	2,053	2,064	2,299	2,256	2,210	2,419
Total Current Liabilities	1,047	1,012	1,079	1,177	1,191	1,116	1,230
Short-Term Debt	655	640	666	666	512	531	648
Customer Deposits	393	372	413	511	679	585	582
Total Noncurrent Liabilities	976	1,040	985	1,121	1,064	1,094	1,189
Other Noncurrent Operating Liabilities	976	1,040	985	1,121	1,064	1,094	1,189
Total Equity & Noncontrolling Interests	238	230	229	206	215	218	192
Total Preferred & Common Equity	238	230	229	206	215	218	192
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	238	230	229	206	215	218	192
Common Stock	213	212	212	215	214	214	213
Retained Earnings	148	149	149	141	138	135	126
Treasury Stock	-84	-82	-82	-84	-81	-79	-82
Accumulated Other Comprehensive Income / (Loss)	-39	-50	-49	-67	-56	-52	-66

This table displays calculated financial ratios and metrics derived from Cass Information Systems' official financial filings.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Growth Metrics	-	-	-
Revenue Growth	0.47%	17.33%	19.25%
EBITDA Growth	-9.75%	11.02%	19.22%
EBIT Growth	-11.84%	17.39%	31.19%
NOPAT Growth	-13.29%	16.10%	26.20%
Net Income Growth	-36.23%	-13.88%	22.02%
EPS Growth	-36.24%	-13.83%	26.50%
Operating Cash Flow Growth	5.45%	-28.43%	49.38%
Free Cash Flow Firm Growth	-146.55%	186.81%	-10.87%
Invested Capital Growth	25.79%	-23.56%	67.65%
Revenue Q/Q Growth	5.89%	11.93%	-1.95%
EBITDA Q/Q Growth	10.76%	28.48%	98.27%
EBIT Q/Q Growth	36.74%	48.13%	47.10%
NOPAT Q/Q Growth	35.66%	47.03%	45.05%
Net Income Q/Q Growth	-16.60%	-2.83%	4.75%
EPS Q/Q Growth	-16.27%	-2.68%	4.98%
Operating Cash Flow Q/Q Growth	39.66%	-8.06%	15.54%
Free Cash Flow Firm Q/Q Growth	49.46%	230.23%	-158.75%
Invested Capital Q/Q Growth	-9.95%	2.14%	25.80%
Profitability Metrics	-	-	-
Gross Margin	99.79%	100.26%	100.00%
EBITDA Margin	25.15%	27.99%	29.59%
Operating Margin	20.70%	23.59%	23.58%
EBIT Margin	20.70%	23.59%	23.58%
Profit (Net Income) Margin	8.90%	14.03%	19.11%
Tax Burden Percent	79.14%	80.47%	81.36%
Interest Burden Percent	54.35%	73.91%	99.64%
Effective Tax Rate	20.86%	19.53%	18.64%
Return on Invested Capital (ROIC)	6.59%	7.44%	7.08%
ROIC Less NNEP Spread (ROIC-NNEP)	1.32%	4.21%	7.03%
Return on Net Nonoperating Assets (RNNOA)	1.76%	6.35%	8.36%
Return on Equity (ROE)	8.36%	13.78%	15.44%
Cash Return on Invested Capital (CROIC)	-16.25%	34.15%	-43.47%
Operating Return on Assets (OROA)	1.83%	2.00%	1.68%
Return on Assets (ROA)	0.79%	1.19%	1.36%
Return on Common Equity (ROCE)	8.36%	13.78%	15.44%
Return on Equity Simple (ROE_SIMPLE)	8.37%	13.08%	16.92%
Net Operating Profit after Tax (NOPAT)	35	41	35
NOPAT Margin	16.38%	18.98%	19.18%
Net Nonoperating Expense Percent (NNEP)	5.27%	3.23%	0.05%
Return On Investment Capital (ROIC_SIMPLE)	3.73%	4.81%	4.27%
Cost of Revenue to Revenue	0.21%	-0.26%	0.00%
SG&A Expenses to Revenue	57.31%	55.39%	58.30%
R&D to Revenue	0.00%	0.00%	0.00%
Operating Expenses to Revenue	79.10%	76.67%	76.42%
Earnings before Interest and Taxes (EBIT)	45	51	43
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	54	60	54
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	2.41	2.58	2.85
Price to Tangible Book Value (P/TBV)	2.72	2.83	3.18
Price to Revenue (P/Rev)	2.56	2.76	3.22
Price to Earnings (P/E)	28.76	21.94	18.62
Dividend Yield	2.98%	2.69%	2.62%
Earnings Yield	3.48%	4.56%	5.37%
Enterprise Value to Invested Capital (EV/IC)	1.54	1.76	1.62
Enterprise Value to Revenue (EV/Rev)	4.26	3.90	5.48
Enterprise Value to EBITDA (EV/EBITDA)	16.96	13.93	18.54
Enterprise Value to EBIT (EV/EBIT)	20.61	16.54	23.26
Enterprise Value to NOPAT (EV/NOPAT)	26.04	20.55	28.59
Enterprise Value to Operating Cash Flow (EV/OCF)	23.57	22.63	19.41
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	4.48	0.00
Leverage & Solvency	-	-	-
Debt to Equity	3.13	2.68	2.98
Long-Term Debt to Equity	0.00	0.00	0.00
Financial Leverage	1.33	1.51	1.19
Leverage Ratio	10.62	11.58	11.34
Compound Leverage Factor	5.77	8.56	11.30
Debt to Total Capital	75.78%	72.84%	74.86%
Short-Term Debt to Total Capital	75.78%	72.84%	74.86%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%
Common Equity to Total Capital	24.22%	27.16%	25.14%
Debt to EBITDA	13.24	10.28	11.37
Net Debt to EBITDA	6.78	4.07	7.65
Long-Term Debt to EBITDA	0.00	0.00	0.00
Debt to NOPAT	20.32	15.16	17.54
Net Debt to NOPAT	10.41	6.00	11.80
Long-Term Debt to NOPAT	0.00	0.00	0.00
Altman Z-Score	0.62	0.51	0.35
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-
Current Ratio	1.48	1.22	1.01
Quick Ratio	1.48	1.22	1.01
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	-87	187	-215
Operating Cash Flow to CapEx	417.50%	257.86%	879.78%
Free Cash Flow to Firm to Interest Expense	-4.29	11.48	-61.77
Operating Cash Flow to Interest Expense	1.92	2.27	14.82
Operating Cash Flow Less CapEx to Interest Expense	1.46	1.39	13.14
Efficiency Ratios	-	-	-
Asset Turnover	0.09	0.08	0.07
Accounts Receivable Turnover	0.00	0.00	0.00
Inventory Turnover	0.00	0.00	0.00
Fixed Asset Turnover	6.70	8.56	9.59
Accounts Payable Turnover	0.00	0.00	0.00
Days Sales Outstanding (DSO)	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	0.00	0.00	0.00
Capital & Investment Metrics	-	-	-
Invested Capital	596	474	620
Invested Capital Turnover	0.40	0.39	0.37
Increase / (Decrease) in Invested Capital	122	-146	250
Enterprise Value (EV)	918	836	1,002
Market Capitalization	551	592	588
Book Value per Share	$16.88	$16.90	$15.10
Tangible Book Value per Share	$14.94	$15.38	$13.53
Total Capital	946	846	821
Total Debt	717	616	614
Total Long-Term Debt	0.00	0.00	0.00
Net Debt	367	244	414
Capital Expenditures (CapEx)	9.33	14	5.87
Debt-free, Cash-free Net Working Capital (DFCFNWC)	831	490	427
Debt-free Net Working Capital (DFNWC)	1,180	862	628
Net Working Capital (NWC)	464	246	13
Net Nonoperating Expense (NNE)	16	11	0.13
Net Nonoperating Obligations (NNO)	367	244	414
Total Depreciation and Amortization (D&A)	9.58	9.44	11
Debt-free, Cash-free Net Working Capital to Revenue	385.87%	228.64%	233.59%
Debt-free Net Working Capital to Revenue	548.31%	402.46%	343.61%
Net Working Capital to Revenue	215.42%	114.78%	7.17%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	$1.42	$2.22	$2.58
Adjusted Weighted Average Basic Shares Outstanding	13.50M	13.65M	13.71M
Adjusted Diluted Earnings per Share	$1.39	$2.18	$2.53
Adjusted Weighted Average Diluted Shares Outstanding	13.50M	13.65M	13.71M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	13.50M	13.65M	13.71M
Normalized Net Operating Profit after Tax (NOPAT)	38	44	35
Normalized NOPAT Margin	17.54%	20.53%	19.18%
Pre Tax Income Margin	11.25%	17.43%	23.49%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	2.20	3.11	12.37
NOPAT to Interest Expense	1.74	2.50	10.06
EBIT Less CapEx to Interest Expense	1.74	2.23	10.68
NOPAT Less CapEx to Interest Expense	1.28	1.62	8.38
Payout Ratios	-	-	-
Dividend Payout Ratio	85.89%	53.09%	44.24%
Augmented Payout Ratio	123.70%	72.30%	59.42%

This table displays calculated financial ratios and metrics derived from Cass Information Systems' official financial filings.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-6.18%	3.60%	0.84%	4.32%	69.45%	12.09%	7.82%	-3.30%	-9.45%	22.91%
EBITDA Growth	-28.10%	-18.22%	-10.11%	35.74%	154.04%	22.02%	-14.27%	-43.67%	143.67%	-1.16%
EBIT Growth	-0.26%	-34.78%	-33.26%	15.90%	622.44%	17.51%	-19.22%	-44.77%	82.90%	39.19%
NOPAT Growth	-2.10%	-35.00%	-35.87%	16.03%	609.90%	17.33%	-19.64%	-45.50%	84.04%	31.94%
Net Income Growth	-45.37%	-60.27%	-37.18%	0.49%	-9.42%	-15.97%	-16.63%	-13.82%	20.55%	29.30%
EPS Growth	-44.26%	-61.11%	-38.46%	1.96%	-8.96%	-15.63%	-16.13%	-15.00%	21.82%	33.33%
Operating Cash Flow Growth	146.10%	-101.61%	39.21%	5.75%	-29.97%	27.28%	-52.96%	-36.94%	179.52%	9.15%
Free Cash Flow Firm Growth	-169.81%	-573.95%	-331.44%	50.60%	162.62%	-88.56%	-40.79%	-166.99%	-6.73%	173.48%
Invested Capital Growth	25.79%	42.68%	41.47%	30.69%	-23.56%	-5.86%	-13.69%	147.77%	67.65%	-40.97%
Revenue Q/Q Growth	-1.55%	14.62%	-11.30%	27.56%	8.71%	11.56%	-8.23%	46.86%	-28.09%	7.32%
EBITDA Q/Q Growth	48.91%	37.68%	-49.95%	220.06%	69.38%	51.32%	-24.42%	15.57%	-18.64%	6.32%
EBIT Q/Q Growth	61.70%	49.80%	-57.72%	409.01%	5.73%	53.30%	-26.58%	894.97%	-123.78%	5.38%
NOPAT Q/Q Growth	60.23%	55.81%	-58.82%	397.65%	6.38%	53.73%	-25.49%	857.73%	-124.48%	5.30%
Net Income Q/Q Growth	56.36%	-34.48%	-37.30%	-14.96%	13.74%	3.59%	0.30%	-23.35%	5.52%	2.77%
EPS Q/Q Growth	61.90%	-34.38%	-38.46%	-14.75%	12.96%	3.85%	1.96%	-23.88%	4.69%	3.23%
Operating Cash Flow Q/Q Growth	9,461.81%	-101.86%	8.79%	29.82%	-38.92%	61.37%	-17.36%	-14.03%	11.01%	-40.36%
Free Cash Flow Firm Q/Q Growth	42.09%	-3.16%	-20.33%	-203.51%	293.12%	-49.62%	125.68%	-23.65%	-171.81%	160.73%
Invested Capital Q/Q Growth	-9.95%	2.37%	-8.02%	48.35%	2.14%	1.50%	-15.03%	-13.23%	25.80%	-6.94%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	153.29%	100.00%	38.95%	100.00%	150.97%	100.00%	39.32%	100.00%	171.87%	100.00%
EBITDA Margin	31.30%	20.69%	17.23%	30.53%	40.85%	26.21%	19.33%	23.47%	27.24%	24.08%
Operating Margin	26.84%	16.34%	12.50%	26.24%	25.25%	25.96%	18.89%	23.61%	-8.19%	24.76%
EBIT Margin	26.84%	16.34%	12.50%	26.24%	25.25%	25.96%	18.89%	23.61%	-8.19%	24.76%
Profit (Net Income) Margin	8.32%	5.24%	9.17%	12.97%	14.30%	13.66%	14.72%	13.47%	26.75%	18.23%
Tax Burden Percent	79.72%	80.45%	77.35%	79.40%	81.22%	80.72%	80.49%	79.32%	83.21%	80.84%
Interest Burden Percent	38.90%	39.86%	94.78%	62.26%	69.72%	65.21%	96.77%	71.89%	-392.47%	91.04%
Effective Tax Rate	20.28%	19.55%	22.65%	20.60%	18.78%	19.28%	19.51%	20.68%	16.79%	19.16%
Return on Invested Capital (ROIC)	8.61%	4.75%	3.53%	6.75%	8.04%	8.39%	5.72%	9.04%	-2.52%	5.62%
ROIC Less NNEP Spread (ROIC-NNEP)	6.25%	3.45%	3.46%	5.66%	6.93%	6.98%	5.64%	7.30%	1.82%	5.42%
Return on Net Nonoperating Assets (RNNOA)	8.32%	5.30%	5.11%	10.05%	10.44%	9.79%	7.58%	5.38%	2.16%	10.96%
Return on Equity (ROE)	16.94%	10.05%	8.64%	16.79%	18.48%	18.18%	13.30%	14.42%	-0.35%	16.58%
Cash Return on Invested Capital (CROIC)	-16.25%	-30.56%	-28.92%	-21.35%	34.15%	11.82%	19.96%	-77.62%	-43.47%	55.16%
Operating Return on Assets (OROA)	2.37%	1.39%	1.06%	2.23%	2.14%	1.94%	1.43%	1.77%	-0.58%	1.88%
Return on Assets (ROA)	0.74%	0.45%	0.78%	1.10%	1.21%	1.02%	1.11%	1.01%	1.91%	1.38%
Return on Common Equity (ROCE)	16.94%	10.05%	8.64%	16.79%	18.48%	18.18%	13.30%	14.42%	-0.35%	16.58%
Return on Equity Simple (ROE_SIMPLE)	0.00%	9.67%	11.93%	13.11%	0.00%	15.00%	15.03%	15.52%	0.00%	17.38%
Net Operating Profit after Tax (NOPAT)	12	7.37	4.73	11	12	11	7.38	9.90	-2.37	9.66
NOPAT Margin	21.40%	13.15%	9.67%	20.83%	20.51%	20.96%	15.21%	18.73%	-6.81%	20.02%
Net Nonoperating Expense Percent (NNEP)	2.36%	1.30%	0.07%	1.09%	1.11%	1.41%	0.08%	1.74%	-4.34%	0.20%
Return On Investment Capital (ROIC_SIMPLE)	1.25%	-	-	-	1.43%	-	-	-	-0.29%	-
Cost of Revenue to Revenue	-53.29%	0.00%	61.05%	0.00%	-50.97%	0.00%	60.68%	0.00%	-71.87%	0.00%
SG&A Expenses to Revenue	0.00%	53.28%	0.00%	55.51%	0.00%	54.77%	0.00%	56.81%	0.00%	55.93%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	126.45%	83.66%	26.45%	73.76%	125.72%	74.04%	20.43%	76.39%	180.05%	75.24%
Earnings before Interest and Taxes (EBIT)	15	9.16	6.12	14	15	14	9.16	12	-2.84	12
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	17	12	8.43	17	24	14	9.37	12	9.46	12
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.41	2.38	2.38	2.83	2.58	2.40	2.40	2.63	2.85	2.35
Price to Tangible Book Value (P/TBV)	2.72	2.60	2.61	3.11	2.83	2.67	2.66	2.92	3.18	2.65
Price to Revenue (P/Rev)	2.56	2.78	2.71	3.24	2.76	2.59	2.79	3.15	3.22	2.42
Price to Earnings (P/E)	28.76	23.32	19.12	20.86	21.94	24.38	23.77	24.54	18.62	1,419.71
Dividend Yield	2.98%	2.89%	2.97%	2.47%	2.69%	3.20%	3.05%	2.73%	2.62%	3.39%
Earnings Yield	3.48%	4.29%	5.23%	4.79%	4.56%	4.10%	4.21%	4.08%	5.37%	0.07%
Enterprise Value to Invested Capital (EV/IC)	1.54	1.49	1.49	1.60	1.76	1.62	1.66	1.66	1.62	1.53
Enterprise Value to Revenue (EV/Rev)	4.26	4.87	4.78	5.59	3.90	3.93	4.09	4.91	5.48	4.04
Enterprise Value to EBITDA (EV/EBITDA)	16.96	20.24	18.72	21.44	13.93	16.13	17.20	19.55	18.54	27.61
Enterprise Value to EBIT (EV/EBIT)	20.61	30.36	25.71	27.73	16.54	22.07	23.70	26.11	23.26	25.71
Enterprise Value to NOPAT (EV/NOPAT)	26.04	38.06	32.15	34.46	20.55	27.22	29.23	32.17	28.59	31.16
Enterprise Value to Operating Cash Flow (EV/OCF)	23.57	35.48	23.80	29.99	22.63	18.74	20.23	19.35	19.41	16.85
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	4.48	13.32	7.71	0.00	0.00	2.06
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	3.13	2.76	2.78	2.90	2.68	3.23	2.38	2.44	2.98	3.38
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	1.33	1.54	1.48	1.78	1.51	1.40	1.34	0.74	1.19	2.02
Leverage Ratio	10.62	10.74	10.68	10.56	11.58	12.85	11.68	11.16	11.34	11.16
Compound Leverage Factor	4.13	4.28	10.12	6.58	8.08	8.38	11.30	8.02	-44.51	10.16
Debt to Total Capital	75.78%	73.37%	73.58%	74.38%	72.84%	76.36%	70.43%	70.94%	74.86%	77.17%
Short-Term Debt to Total Capital	75.78%	73.37%	73.58%	74.38%	72.84%	76.36%	70.43%	70.94%	74.86%	77.17%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	24.22%	26.63%	26.42%	25.62%	27.16%	23.64%	29.57%	29.06%	25.14%	22.83%
Debt to EBITDA	13.24	13.40	12.44	12.71	10.28	14.26	11.61	11.62	11.37	23.78
Net Debt to EBITDA	6.78	8.68	8.10	9.03	4.07	5.52	5.48	7.01	7.65	11.04
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	20.32	25.19	21.37	20.43	15.16	24.08	19.73	19.12	17.54	26.83
Net Debt to NOPAT	10.41	16.32	13.90	14.52	6.00	9.31	9.31	11.54	11.80	12.46
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	0.58	0.49	0.48	0.46	0.47	0.43	0.36	0.40	0.29	0.33
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.48	1.24	1.26	1.13	1.22	1.22	1.10	1.14	1.01	1.11
Quick Ratio	1.48	1.24	1.26	1.13	1.22	1.22	1.10	1.14	1.01	1.11
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-110	-191	-185	-154	158	40	80	-311	-252	352
Operating Cash Flow to CapEx	1,257.93%	-9.26%	524.33%	268.42%	152.50%	417.27%	173.13%	475.59%	677.26%	1,110.26%
Free Cash Flow to Firm to Interest Expense	-11.12	-36.97	0.00	-29.66	18.96	8.67	1,856.73	-95.83	-118.09	449.60
Operating Cash Flow to Interest Expense	1.88	-0.04	0.00	1.90	0.91	2.67	178.60	2.86	5.06	12.45
Operating Cash Flow Less CapEx to Interest Expense	1.73	-0.46	0.00	1.19	0.31	2.03	75.44	2.26	4.31	11.33
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.09	0.09	0.08	0.09	0.08	0.07	0.08	0.08	0.07	0.08
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	6.70	6.72	6.97	7.50	8.56	8.39	8.48	9.09	9.59	10.10
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	596	662	647	703	474	464	457	538	620	493
Invested Capital Turnover	0.40	0.36	0.37	0.32	0.39	0.40	0.38	0.48	0.37	0.28
Increase / (Decrease) in Invested Capital	122	198	190	165	-146	-29	-72	321	250	-342
Enterprise Value (EV)	918	989	963	1,124	836	753	759	893	1,002	752
Market Capitalization	551	565	547	650	592	495	517	573	588	451
Book Value per Share	$16.88	$17.44	$16.85	$16.82	$16.90	$15.09	$15.69	$15.86	$15.10	$14.04
Tangible Book Value per Share	$14.94	$15.97	$15.37	$15.32	$15.38	$13.56	$14.15	$14.31	$13.53	$12.45
Total Capital	946	892	870	896	846	872	727	748	821	840
Total Debt	717	655	640	666	616	666	512	531	614	648
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	367	424	417	473	244	258	242	320	414	301
Capital Expenditures (CapEx)	1.48	2.15	2.04	3.66	4.96	2.97	4.44	1.95	1.60	0.88
Debt-free, Cash-free Net Working Capital (DFCFNWC)	831	672	676	611	490	515	364	472	427	442
Debt-free Net Working Capital (DFNWC)	1,180	903	900	804	862	923	634	682	628	789
Net Working Capital (NWC)	464	248	260	137	246	257	122	151	13	141
Net Nonoperating Expense (NNE)	7.22	4.43	0.25	4.33	3.65	3.95	0.24	2.78	-12	0.87
Net Nonoperating Obligations (NNO)	367	424	417	473	244	258	242	320	414	301
Total Depreciation and Amortization (D&A)	2.46	2.44	2.31	2.37	9.17	0.14	0.21	-0.08	12	-0.33
Debt-free, Cash-free Net Working Capital to Revenue	385.87%	330.68%	335.85%	303.93%	228.64%	269.00%	195.86%	259.08%	233.59%	237.48%
Debt-free Net Working Capital to Revenue	548.31%	444.07%	446.94%	399.86%	402.46%	482.33%	341.57%	374.67%	343.61%	423.78%
Net Working Capital to Revenue	215.42%	122.05%	128.98%	68.37%	114.78%	134.44%	65.56%	83.17%	7.17%	75.88%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.34	$0.22	$0.33	$0.53	$0.62	$0.55	$0.53	$0.52	$0.69	$0.65
Adjusted Weighted Average Basic Shares Outstanding	13.50M	13.57M	13.63M	13.64M	13.65M	13.60M	13.67M	13.72M	13.71M	13.66M
Adjusted Diluted Earnings per Share	$0.34	$0.21	$0.32	$0.52	$0.61	$0.54	$0.52	$0.51	$0.67	$0.64
Adjusted Weighted Average Diluted Shares Outstanding	13.50M	13.57M	13.63M	13.64M	13.65M	13.60M	13.67M	13.72M	13.71M	13.66M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	13.50M	13.57M	13.63M	13.64M	13.65M	13.60M	13.67M	13.72M	13.71M	13.66M
Normalized Net Operating Profit after Tax (NOPAT)	12	7.37	4.73	11	12	11	7.38	9.90	-2.37	9.66
Normalized NOPAT Margin	21.40%	13.15%	9.67%	20.83%	20.51%	20.96%	15.21%	18.73%	-6.81%	20.02%
Pre Tax Income Margin	10.44%	6.51%	11.85%	16.34%	17.60%	16.93%	18.28%	16.98%	32.14%	22.55%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.49	1.78	0.00	2.79	1.78	3.03	213.12	3.85	-1.33	15.29
NOPAT to Interest Expense	1.19	1.43	0.00	2.22	1.45	2.44	171.54	3.05	-1.11	12.36
EBIT Less CapEx to Interest Expense	1.34	1.36	0.00	2.09	1.19	2.39	109.95	3.25	-2.08	14.17
NOPAT Less CapEx to Interest Expense	1.04	1.01	0.00	1.51	0.85	1.80	68.38	2.45	-1.85	11.24
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	85.89%	71.08%	59.04%	53.40%	53.09%	51.24%	48.64%	46.17%	44.24%	46.06%
Augmented Payout Ratio	123.70%	89.64%	75.26%	76.09%	72.30%	68.09%	55.99%	46.80%	59.42%	98.04%

Frequently Asked Questions About Cass Information Systems' Financials

When does Cass Information Systems's financial year end?

According to the most recent income statement we have on file, Cass Information Systems' fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Cass Information Systems' net income changed over the last 2 years?

Cass Information Systems' net income appears to be on a downward trend, with a most recent value of $19.17 million in 2024, falling from $34.90 million in 2022. The previous period was $30.06 million in 2023. Find out what analysts predict for Cass Information Systems in the coming months.

What is Cass Information Systems's operating income?

Cass Information Systems's total operating income in 2024 was $44.56 million, based on the following breakdown:

Total Gross Profit: $214.85 million
Total Operating Expenses: $170.29 million

How has Cass Information Systems revenue changed over the last 2 years?

Over the last 2 years, Cass Information Systems' total revenue changed from $182.63 million in 2022 to $215.30 million in 2024, a change of 17.9%.

How much debt does Cass Information Systems have?

Cass Information Systems' total liabilities were at $2.17 billion at the end of 2024, a 3.7% decrease from 2023, and a 8.5% decrease since 2022.

How much cash does Cass Information Systems have?

In the past 2 years, Cass Information Systems' cash and equivalents has ranged from $19.33 million in 2024 to $21.00 million in 2022, and is currently $19.33 million as of their latest financial filing in 2024.

How has Cass Information Systems' book value per share changed over the last 2 years?

Over the last 2 years, Cass Information Systems' book value per share changed from 15.10 in 2022 to 16.88 in 2024, a change of 11.8%.

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This page (NASDAQ:CASS) was last updated on 5/25/2025 by MarketBeat.com Staff

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Cass Information Systems (CASS) Financials

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Cass Information Systems (CASS) Financials

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