CSG Systems International (CSGS) Financials

$80.69 +0.01 (+0.01%)

As of 05/14/2026

Annual Income Statements for CSG Systems International

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

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	63	449	61	66	83	59	72	44	66	87	56
Consolidated Net Income / (Loss)	63	63	61	66	83	59	72	44	66	87	56
Net Income / (Loss) Continuing Operations	63	449	61	66	83	59	72	44	66	87	56
Total Pre-Tax Income	96	100	88	87	106	85	101	61	92	112	91
Total Operating Income	113	133	106	105	126	106	124	79	124	131	119
Total Gross Profit	373	772	395	425	472	455	503	525	554	583	600
Total Revenue	753	1,522	790	875	997	991	1,046	1,090	1,169	1,197	1,223
Operating Revenue	753	1,522	790	875	997	991	1,046	1,090	1,169	1,197	1,223
Total Cost of Revenue	380	750	395	450	525	536	543	565	615	614	624
Total Operating Expenses	260	253	289	320	346	349	379	446	430	451	481
Selling, General & Admin Expense	140	140	154	169	191	198	215	238	248	258	281
Research & Development Expense	102	99	113	124	128	123	135	138	143	158	162
Depreciation Expense	15	14	13	18	21	23	25	24	23	22	18
Restructuring Charge	3.07	0.42	8.80	8.66	4.83	5.33	4.87	46	16	13	20
Total Other Income / (Expense), net	-17	-33	-18	-18	-20	-20	-23	-18	-32	-19	-28
Interest Expense	17	30	20	21	21	18	18	16	31	30	29
Interest & Investment Income	1.04	2.46	3.25	2.65	1.79	1.24	0.37	0.88	4.34	8.69	5.20
Other Income / (Expense), net	-0.62	-5.31	-1.64	0.55	-1.60	-2.96	-6.02	-2.41	-4.69	2.72	-3.85
Income Tax Expense	34	37	26	21	23	27	29	17	26	25	35
Basic Earnings per Share	$2.01	$2.03	$1.89	$2.04	$2.58	$1.83	$2.28	$1.42	$2.21	$3.06	$2.02
Weighted Average Basic Shares Outstanding	31.05M	30.97M	32.42M	32.49M	32.05M	32.01M	31.78M	31.03M	29.94M	28.35M	27.69M
Diluted Earnings per Share	$1.87	$1.90	$1.87	$2.01	$2.55	$1.82	$2.26	$1.41	$2.20	$3.03	$1.98
Weighted Average Diluted Shares Outstanding	33.44M	33.01M	32.87M	32.86M	32.47M	32.28M	32.01M	31.30M	30.12M	28.67M	28.22M
Weighted Average Basic & Diluted Shares Outstanding	31.10M	31M	32.50M	32.40M	32.85M	32.64M	32.35M	31.26M	29.44M	28.84M	28.50M
Cash Dividends to Common per Share	$0.70	$0.74	$0.79	$0.84	$0.89	$0.94	$1.00	$1.06	$1.12	$1.20	$1.28

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

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	19	13	19	14	19	34	16	12	20	7.00	24
Consolidated Net Income / (Loss)	19	13	19	14	19	34	16	12	20	7.00	24
Net Income / (Loss) Continuing Operations	19	13	19	14	19	34	16	12	20	7.00	24
Total Pre-Tax Income	27	17	27	20	24	41	21	20	26	23	32
Total Operating Income	33	25	32	25	32	42	29	30	30	29	35
Total Gross Profit	134	141	137	137	146	162	145	147	146	162	152
Total Revenue	287	297	295	290	295	317	299	297	304	323	314
Operating Revenue	287	297	295	290	295	317	299	297	304	323	314
Total Cost of Revenue	153	156	158	153	149	154	154	150	158	161	162
Total Operating Expenses	101	116	105	112	114	120	116	117	116	133	117
Selling, General & Admin Expense	59	67	62	61	64	72	62	68	65	86	68
Research & Development Expense	35	36	36	38	42	42	41	40	40	40	43
Depreciation Expense	5.86	6.03	5.64	5.34	5.31	5.34	5.01	4.59	4.30	4.21	4.00
Restructuring Charge	1.15	7.92	2.00	7.10	2.94	1.28	7.37	4.59	5.59	2.27	2.11
Total Other Income / (Expense), net	-6.05	-7.90	-4.33	-5.42	-8.04	-1.27	-7.89	-9.93	-4.12	-6.11	-2.81
Interest Expense	8.04	8.08	7.51	7.70	7.78	7.49	7.65	7.40	7.37	6.99	6.85
Interest & Investment Income	1.18	1.82	2.62	2.10	1.92	2.04	1.91	1.07	1.28	0.94	1.23
Other Income / (Expense), net	0.81	-1.64	0.56	0.17	-2.19	4.18	-2.15	-3.60	1.96	-0.06	2.81
Income Tax Expense	7.99	4.17	8.00	6.17	4.69	6.56	5.36	7.66	5.86	16	8.37
Basic Earnings per Share	$0.62	$0.44	$0.68	$0.48	$0.67	$1.23	$0.58	$0.44	$0.74	$0.26	$0.86
Weighted Average Basic Shares Outstanding	30.10M	29.94M	28.52M	28.55M	28.36M	28.35M	27.82M	27.84M	27.63M	27.69M	27.80M
Diluted Earnings per Share	$0.62	$0.45	$0.68	$0.48	$0.67	$1.20	$0.57	$0.44	$0.73	$0.24	$0.83
Weighted Average Diluted Shares Outstanding	30.28M	30.12M	28.80M	28.60M	28.47M	28.67M	28.27M	28.13M	27.97M	28.22M	28.89M
Weighted Average Basic & Diluted Shares Outstanding	29.67M	29.44M	29.69M	29.50M	29.09M	28.84M	28.98M	28.77M	28.52M	28.50M	28.51M
Cash Dividends to Common per Share	$0.28	-	$0.30	$0.30	$0.30	-	$0.32	$0.32	$0.32	-	$0.34

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

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	51	-6.28	-4.11	20	60	17	37	-2.88	75	43	25
Net Cash From Operating Activities	137	84	127	143	151	173	140	64	132	136	156
Net Cash From Continuing Operating Activities	137	84	127	143	151	173	140	64	132	136	156
Net Income / (Loss) Continuing Operations	63	63	61	66	83	59	72	44	66	87	56
Consolidated Net Income / (Loss)	63	63	61	66	83	59	72	44	66	87	56
Depreciation Expense	15	14	13	18	21	23	25	28	24	22	19
Amortization Expense	36	32	2.79	2.66	2.82	2.98	3.02	49	48	50	53
Non-Cash Adjustments To Reconcile Net Income	17	20	54	66	66	80	76	66	27	34	47
Changes in Operating Assets and Liabilities, net	7.02	-45	-3.84	-10	-22	8.26	-36	-124	-33	-57	-19
Net Cash From Investing Activities	-17	-52	-30	-86	-57	-66	-67	-9.04	-28	-5.13	-14
Net Cash From Continuing Investing Activities	-17	-52	-30	-86	-57	-66	-67	-9.04	-28	-5.13	-14
Purchase of Property, Plant & Equipment	-19	-14	-29	-57	-37	-29	-27	-37	-28	-22	-15
Acquisitions	-9.32	-7.59	-12	-145	-17	-11	-64	0.00	0.00	17	0.00
Sale of Property, Plant & Equipment	-	-	-	-	-	-	-	-	0.00	0.00	0.41
Sale and/or Maturity of Investments	193	158	193	191	52	56	90	28	0.07	0.00	0.00
Net Cash From Financing Activities	-65	-43	-105	-38	-36	-92	-33	-52	-31	-80	-121
Net Cash From Continuing Financing Activities	-65	-43	-105	-38	-36	-92	-33	-52	-31	-80	-121
Repayment of Debt	-131	-230	-15	-127	-7.50	-10	-131	-265	-342	-25	-160
Repurchase of Common Equity	-65	-25	-31	-35	-31	-38	-42	-97	-127	-68	-83
Payment of Dividends	-22	-24	-27	-28	-29	-31	-33	-33	-34	-27	-37
Issuance of Debt	150	230	-	150	0.00	0.00	150	290	470	15	151
Issuance of Common Equity	1.55	1.55	1.78	2.31	2.23	2.52	2.61	2.97	3.28	3.07	2.47
Other Financing Activities, net	2.19	4.73	-35	0.00	29	-15	20	50	-1.56	21	5.73
Effect of Exchange Rate Changes	-4.71	-	-	-	-	-	-	-5.76	2.17	-7.78	5.06
Cash Interest Paid	8.38	12	15	16	16	14	13	18	25	27	25
Cash Income Taxes Paid	42	53	22	10	18	22	37	35	52	40	52

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

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	17	124	-147	29	15	146	-95	-8.19	58	70	-53
Net Cash From Operating Activities	25	80	-29	43	39	83	11	37	48	59	-1.16
Net Cash From Continuing Operating Activities	25	80	-29	43	39	83	11	37	48	59	-1.16
Net Income / (Loss) Continuing Operations	19	13	19	14	19	34	16	12	20	7.00	24
Consolidated Net Income / (Loss)	19	13	19	14	19	34	16	12	20	7.00	24
Depreciation Expense	6.04	6.04	5.64	5.77	5.32	5.34	5.01	4.94	4.58	4.45	4.00
Amortization Expense	12	13	11	13	13	13	12	13	14	14	13
Non-Cash Adjustments To Reconcile Net Income	5.98	8.78	7.38	8.73	9.13	8.33	9.38	8.92	8.45	20	6.40
Changes in Operating Assets and Liabilities, net	-18	39	-73	1.93	-7.40	21	-31	-2.02	-0.06	14	-49
Net Cash From Investing Activities	-6.51	-5.04	-4.77	13	-7.46	-5.89	-4.25	-2.75	-3.83	-3.31	-1.74
Net Cash From Continuing Investing Activities	-6.51	-5.04	-4.77	13	-7.46	-5.89	-4.25	-2.75	-3.83	-3.31	-1.74
Purchase of Property, Plant & Equipment	-6.51	-5.04	-4.77	-4.30	-7.46	-5.89	-4.40	-2.75	-4.00	-3.39	-1.74
Acquisitions	-	-	0.00	-	-	-	0.00	-	-	-	0.00
Sale of Property, Plant & Equipment	-	-	0.00	-	-	-	0.15	-	0.18	0.09	0.00
Net Cash From Financing Activities	0.58	47	-111	-27	-19	77	-104	-48	16	15	-46
Net Cash From Continuing Financing Activities	0.58	47	-111	-27	-19	77	-104	-48	16	15	-46
Repayment of Debt	-292	-17	-1.88	-17	-3.60	-2.22	-153	-1.31	-4.24	-0.68	-2.21
Repurchase of Common Equity	-107	-11	-18	-9.97	-14	-25	-22	-18	-18	-25	-3.97
Payment of Dividends	-8.52	-7.70	-9.46	-8.63	-8.51	-0.01	-9.46	-9.05	-8.91	-9.98	-19
Issuance of Debt	440	-	0.00	15	-	-	151	-	-	-	0.00
Issuance of Common Equity	0.88	0.74	0.87	0.75	0.80	0.66	0.77	0.68	0.80	0.23	0.00
Other Financing Activities, net	-33	81	-83	-6.49	7.10	103	-71	-20	46	50	-21
Effect of Exchange Rate Changes	-1.16	2.62	-1.96	-0.48	2.10	-7.44	2.49	4.89	-2.26	-0.05	-4.18
Cash Interest Paid	7.10	2.96	11	2.67	11	2.53	10	2.45	11	2.15	9.92
Cash Income Taxes Paid	15	13	3.29	21	11	4.65	2.96	28	8.79	12	2.28

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

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	863	892	905	1,114	1,283	1,332	1,387	1,349	1,443	1,501	1,545
Total Current Assets	500	559	554	600	669	715	748	766	862	901	938
Cash & Equivalents	133	126	122	139	157	189	206	150	186	162	180
Accounts Receivable	220	240	251	273	278	264	280	327	350	347	368
Current Deferred & Refundable Income Taxes	4.04	12	14	6.72	4.30	2.17	6.41	1.27	1.35	2.60	3.44
Other Current Assets	35	30	28	157	205	208	228	287	325	389	387
Plant, Property, & Equipment, net	36	33	45	82	84	82	74	72	66	57	43
Total Noncurrent Assets	327	300	306	433	530	536	565	511	515	543	564
Goodwill	220	201	210	256	259	272	321	304	309	316	325
Intangible Assets	75	71	27	36	33	74	87	68	50	59	48
Noncurrent Deferred & Refundable Income Taxes	17	14	14	11	9.39	10	8.58	26	58	73	84
Other Noncurrent Operating Assets	15	14	55	130	228	179	148	112	99	95	108
Total Liabilities & Shareholders' Equity	863	892	905	1,114	1,283	1,332	1,387	1,349	1,443	1,501	1,545
Total Liabilities	517	601	562	753	886	910	947	993	1,170	1,218	1,261
Total Current Liabilities	359	252	223	350	419	436	695	527	561	615	651
Short-Term Debt	149	49	23	7.50	10	14	238	38	7.50	7.50	0.00
Accounts Payable	43	35	38	45	33	30	35	48	46	36	45
Customer Deposits	34	34	31	37	39	40	44	40	41	41	48
Current Deferred Revenue	42	45	42	40	45	52	54	46	54	54	51
Current Deferred & Payable Income Tax Liabilities	8.96	0.82	1.22	0.22	2.81	6.63	0.40	5.46	4.10	7.80	1.12
Current Employee Benefit Liabilities	60	65	63	61	78	86	91	68	84	68	81
Other Current Liabilities	23	22	25	159	212	207	233	282	323	400	425
Total Noncurrent Liabilities	157	349	339	403	468	473	252	466	609	603	610
Long-Term Debt	130	327	309	352	347	337	137	375	535	531	539
Capital Lease Obligations	-	-	-	-	-	-	70	53	34	25	21
Noncurrent Deferred Revenue	14	8.94	15	20	21	20	24	25	26	29	32
Noncurrent Deferred & Payable Income Tax Liabilities	0.18	0.10	4.58	8.21	6.38	5.11	7.75	0.12	0.12	0.09	0.00
Other Noncurrent Operating Liabilities	13	13	11	23	94	111	13	12	13	18	18
Total Equity & Noncontrolling Interests	346	251	343	361	397	422	440	355	273	283	284
Total Preferred & Common Equity	346	251	343	361	397	422	437	0.00	0.00	0.00	284
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	346	251	343	361	397	422	437	355	273	283	284
Common Stock	504	392	428	442	455	471	489	496	492	519	534
Retained Earnings	675	715	749	795	849	876	916	936	968	1,020	1,039
Treasury Stock	-814	-826	-815	-842	-868	-894	-930	-1,018	-1,136	-1,194	-1,244
Accumulated Other Comprehensive Income / (Loss)	-26	-45	-29	-43	-40	-31	-38	-59	-50	-62	-45

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

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	1,259	1,296	1,293	1,330	1,293	1,353	1,387	1,419	1,421	1,474	1,481
Total Current Assets	692	732	725	760	734	759	787	808	804	863	890
Cash & Equivalents	147	168	146	147	121	110	118	136	146	158	147
Accounts Receivable	290	329	335	359	360	351	363	353	344	354	370
Current Deferred & Refundable Income Taxes	23	2.24	3.77	2.49	2.36	10	14	2.57	11	6.93	2.65
Other Current Assets	231	233	241	252	251	288	292	317	303	343	370
Plant, Property, & Equipment, net	72	69	70	68	61	59	58	64	48	45	39
Total Noncurrent Assets	496	496	497	502	498	535	542	547	569	565	552
Goodwill	295	305	307	303	307	317	323	319	326	324	323
Intangible Assets	72	64	59	55	47	68	66	59	56	54	43
Noncurrent Deferred & Refundable Income Taxes	14	22	31	46	50	55	58	76	77	84	79
Other Noncurrent Operating Assets	114	105	100	98	95	95	95	93	100	104	107
Total Liabilities & Shareholders' Equity	1,259	1,296	1,293	1,330	1,293	1,353	1,387	1,419	1,421	1,474	1,481
Total Liabilities	915	928	910	1,069	1,024	1,080	1,099	1,136	1,131	1,184	1,187
Total Current Liabilities	445	442	431	462	421	476	500	521	516	575	583
Short-Term Debt	53	38	23	23	7.50	7.50	7.50	0.00	0.00	0.00	0.00
Accounts Payable	33	36	38	43	44	53	52	31	40	42	46
Customer Deposits	36	34	33	33	37	36	38	37	35	44	41
Current Deferred Revenue	47	55	56	61	56	56	63	63	62	60	56
Current Deferred & Payable Income Tax Liabilities	11	7.96	0.50	2.21	1.89	0.65	0.94	12	0.21	0.57	2.17
Current Employee Benefit Liabilities	52	50	63	64	44	50	58	49	61	66	59
Other Current Liabilities	215	221	218	235	231	274	281	328	317	361	378
Total Noncurrent Liabilities	469	486	479	608	602	604	600	615	615	609	604
Long-Term Debt	377	404	402	536	534	533	532	538	538	539	540
Capital Lease Obligations	58	45	39	38	31	28	24	24	23	22	20
Noncurrent Deferred Revenue	22	25	24	24	26	26	26	29	29	29	28
Noncurrent Deferred & Payable Income Tax Liabilities	0.11	0.12	0.13	0.13	0.12	0.12	0.12	0.10	0.07	0.07	0.00
Other Noncurrent Operating Liabilities	12	12	13	9.81	11	17	17	25	25	19	16
Total Equity & Noncontrolling Interests	344	368	383	260	269	273	288	283	291	289	294
Total Preferred & Common Equity	344	0.00	0.00	260	269	273	288	283	291	289	294
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	344	368	383	260	269	273	288	283	291	289	294
Common Stock	489	494	502	484	492	501	510	515	524	533	536
Retained Earnings	924	948	953	963	979	984	994	1,027	1,030	1,041	1,053
Treasury Stock	-996	-1,018	-1,018	-1,126	-1,146	-1,156	-1,170	-1,204	-1,221	-1,239	-1,244
Accumulated Other Comprehensive Income / (Loss)	-73	-56	-54	-61	-55	-56	-46	-55	-42	-46	-52

This table displays calculated financial ratios and metrics derived from CSG Systems International's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	0.16%	102.24%	-48.12%	10.83%	13.91%	-0.63%	5.65%	4.13%	7.30%	2.39%	2.18%
EBITDA Growth	24.88%	6.52%	-30.68%	5.18%	17.63%	-13.61%	13.64%	4.97%	24.24%	8.47%	-9.30%
EBIT Growth	46.20%	13.16%	-18.28%	1.38%	18.03%	-17.60%	15.18%	-35.40%	56.14%	12.47%	-14.29%
NOPAT Growth	67.24%	13.51%	-11.34%	7.89%	23.76%	-26.46%	22.56%	-35.85%	55.67%	14.33%	-27.99%
Net Income Growth	75.20%	0.50%	-2.41%	7.77%	25.16%	-29.07%	23.20%	-39.09%	50.35%	31.11%	-35.66%
EPS Growth	76.42%	1.60%	-1.58%	7.49%	26.87%	-28.63%	24.18%	-37.61%	56.03%	37.73%	-34.65%
Operating Cash Flow Growth	63.73%	-38.53%	51.09%	12.69%	5.37%	14.53%	-18.94%	-54.65%	107.39%	2.90%	14.90%
Free Cash Flow Firm Growth	230.00%	-60.61%	-31.94%	-225.29%	231.96%	28.23%	-126.39%	228.88%	156.13%	-15.34%	14.71%
Invested Capital Growth	-23.85%	1.84%	5.62%	35.06%	2.30%	-6.57%	22.13%	3.01%	-1.05%	3.07%	-2.92%
Revenue Q/Q Growth	0.48%	99.44%	-54.44%	36.67%	0.76%	0.58%	1.41%	1.38%	0.64%	1.64%	0.53%
EBITDA Q/Q Growth	7.29%	-0.23%	-23.41%	28.57%	-0.68%	-3.33%	3.35%	12.84%	25.35%	51.47%	-8.65%
EBIT Q/Q Growth	12.45%	-0.21%	-6.48%	4.76%	-1.23%	-4.54%	3.96%	8.04%	-8.42%	21.11%	-13.21%
NOPAT Q/Q Growth	24.73%	-12.34%	1.97%	8.42%	4.07%	-14.45%	4.76%	9.72%	-6.80%	20.90%	-27.65%
Net Income Q/Q Growth	24.43%	-14.91%	3.93%	9.85%	2.08%	-13.69%	5.83%	7.05%	-10.14%	33.51%	-32.95%
EPS Q/Q Growth	23.03%	-14.41%	4.47%	9.84%	2.41%	-13.33%	6.10%	7.63%	-8.33%	32.89%	-32.65%
Operating Cash Flow Q/Q Growth	3.69%	-24.91%	-0.24%	46.80%	-14.95%	8.36%	-3.41%	3.43%	23.98%	2.24%	-13.00%
Free Cash Flow Firm Q/Q Growth	120.62%	-37.75%	-18.14%	-42.84%	390.11%	-38.28%	-170.79%	197.55%	36.09%	35.40%	-35.11%
Invested Capital Q/Q Growth	-8.34%	-0.10%	3.13%	7.36%	-11.39%	-3.15%	9.55%	-2.04%	-6.47%	-6.76%	-3.92%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	49.54%	50.70%	50.00%	48.60%	47.32%	45.93%	48.09%	48.14%	47.40%	48.68%	49.03%
EBITDA Margin	21.64%	11.40%	15.23%	14.45%	14.92%	12.97%	13.95%	14.07%	16.29%	17.25%	15.32%
Operating Margin	15.03%	8.71%	13.38%	11.99%	12.65%	10.66%	11.87%	7.23%	10.59%	10.97%	9.71%
EBIT Margin	14.95%	8.37%	13.18%	12.05%	12.49%	10.36%	11.29%	7.00%	10.19%	11.20%	9.39%
Profit (Net Income) Margin	8.31%	4.13%	7.77%	7.56%	8.30%	5.93%	6.91%	4.04%	5.67%	7.25%	4.57%
Tax Burden Percent	64.94%	62.88%	69.96%	76.02%	78.29%	68.78%	71.65%	72.49%	71.73%	77.36%	61.61%
Interest Burden Percent	85.62%	78.54%	84.30%	82.47%	84.91%	83.20%	85.42%	79.62%	77.48%	83.75%	78.94%
Effective Tax Rate	35.06%	37.12%	30.04%	23.98%	21.71%	31.22%	28.35%	27.51%	28.27%	22.64%	38.39%
Return on Invested Capital (ROIC)	16.54%	21.52%	18.39%	16.43%	17.49%	13.15%	15.02%	8.63%	13.31%	15.07%	10.85%
ROIC Less NNEP Spread (ROIC-NNEP)	4.68%	-8.19%	3.62%	6.22%	8.89%	3.40%	4.68%	3.69%	6.91%	11.35%	6.43%
Return on Net Nonoperating Assets (RNNOA)	1.22%	-1.78%	0.97%	2.36%	4.36%	1.18%	1.75%	2.44%	7.76%	16.18%	8.89%
Return on Equity (ROE)	17.76%	19.74%	19.36%	18.79%	21.85%	14.34%	16.77%	11.08%	21.08%	31.25%	19.74%
Cash Return on Invested Capital (CROIC)	43.62%	19.69%	12.92%	-13.40%	15.22%	19.95%	-4.91%	5.66%	14.37%	12.05%	13.82%
Operating Return on Assets (OROA)	13.10%	14.51%	11.58%	10.45%	10.39%	7.85%	8.69%	5.58%	8.54%	9.11%	7.55%
Return on Assets (ROA)	7.29%	7.17%	6.83%	6.55%	6.91%	4.49%	5.32%	3.22%	4.75%	5.90%	3.67%
Return on Common Equity (ROCE)	17.76%	18.51%	18.14%	18.79%	21.85%	14.34%	16.70%	11.03%	21.08%	31.25%	19.74%
Return on Equity Simple (ROE_SIMPLE)	18.09%	25.02%	17.90%	18.32%	20.87%	13.90%	16.57%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	73	83	74	80	99	73	89	57	89	102	73
NOPAT Margin	9.76%	5.48%	9.36%	9.12%	9.90%	7.33%	8.50%	5.24%	7.60%	8.49%	5.98%
Net Nonoperating Expense Percent (NNEP)	11.87%	29.71%	14.77%	10.21%	8.60%	9.75%	10.34%	4.94%	6.40%	3.72%	4.42%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	6.95%	10.45%	12.01%	8.67%
Cost of Revenue to Revenue	50.46%	49.30%	50.00%	51.40%	52.68%	54.07%	51.91%	51.86%	52.60%	51.32%	50.97%
SG&A Expenses to Revenue	18.58%	9.23%	19.47%	19.35%	19.19%	20.02%	20.52%	21.84%	21.18%	21.58%	23.01%
R&D to Revenue	13.55%	6.48%	14.34%	14.17%	12.84%	12.40%	12.87%	12.66%	12.25%	13.21%	13.21%
Operating Expenses to Revenue	34.50%	16.64%	36.61%	36.60%	34.67%	35.27%	36.23%	40.91%	36.80%	37.71%	39.32%
Earnings before Interest and Taxes (EBIT)	113	127	104	105	125	103	118	76	119	134	115
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	163	173	120	126	149	129	146	153	190	207	187
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.85	5.30	3.72	2.60	3.89	3.25	4.08	4.84	5.63	5.26	7.71
Price to Tangible Book Value (P/TBV)	19.20	0.00	12.07	13.66	14.69	18.14	62.99	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	1.31	0.87	1.62	1.07	1.55	1.38	1.70	1.58	1.32	1.24	1.79
Price to Earnings (P/E)	15.74	2.97	20.80	14.21	18.63	23.36	24.66	39.02	23.24	17.12	39.14
Dividend Yield	2.32%	1.79%	2.07%	2.98%	1.90%	2.26%	2.29%	1.94%	2.16%	2.35%	1.67%
Earnings Yield	6.35%	33.70%	4.81%	7.04%	5.37%	4.28%	4.06%	2.56%	4.30%	5.84%	2.55%
Enterprise Value to Invested Capital (EV/IC)	2.66	3.76	3.26	2.04	3.01	2.78	3.07	3.03	2.91	2.76	3.87
Enterprise Value to Revenue (EV/Rev)	1.36	0.97	1.71	1.30	1.72	1.50	1.91	1.87	1.65	1.58	2.10
Enterprise Value to EBITDA (EV/EBITDA)	6.28	8.48	11.20	8.99	11.54	11.54	13.68	13.28	10.13	9.14	13.71
Enterprise Value to EBIT (EV/EBIT)	9.09	11.55	12.95	10.78	13.79	14.45	16.91	26.66	16.19	14.09	22.35
Enterprise Value to NOPAT (EV/NOPAT)	13.92	17.64	18.22	14.25	17.38	20.42	22.46	35.65	21.72	18.59	35.10
Enterprise Value to Operating Cash Flow (EV/OCF)	7.47	17.48	10.59	7.93	11.36	8.57	14.25	32.00	14.63	13.92	16.47
Enterprise Value to Free Cash Flow (EV/FCFF)	5.28	19.28	25.93	0.00	19.99	13.46	0.00	54.33	20.12	23.25	27.56
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.81	1.29	0.97	1.00	0.90	0.83	1.01	1.31	2.11	1.99	1.98
Long-Term Debt to Equity	0.38	1.12	0.90	0.98	0.87	0.80	0.47	1.21	2.08	1.97	1.98
Financial Leverage	0.26	0.22	0.27	0.38	0.49	0.35	0.37	0.66	1.12	1.43	1.38
Leverage Ratio	2.44	2.75	2.83	2.87	3.16	3.19	3.15	3.44	4.44	5.30	5.38
Compound Leverage Factor	2.09	2.16	2.39	2.37	2.69	2.66	2.69	2.74	3.44	4.44	4.25
Debt to Total Capital	44.66%	56.38%	49.18%	49.92%	47.36%	45.40%	50.26%	56.75%	67.85%	66.60%	66.40%
Short-Term Debt to Total Capital	23.82%	7.40%	3.34%	1.04%	1.37%	1.82%	26.84%	4.57%	0.88%	0.89%	0.00%
Long-Term Debt to Total Capital	20.84%	48.98%	45.85%	48.88%	45.99%	43.58%	23.42%	52.19%	66.97%	65.72%	66.40%
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%	0.00%
Noncontrolling Interests to Total Capital	0.00%	5.97%	0.00%	0.00%	0.00%	0.00%	0.41%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	55.34%	37.65%	50.82%	50.08%	52.64%	54.60%	49.33%	43.25%	32.15%	33.40%	33.60%
Debt to EBITDA	1.71	2.17	2.76	2.85	2.40	2.73	3.05	3.04	3.03	2.73	2.99
Net Debt to EBITDA	0.23	0.58	0.59	1.56	1.17	0.86	1.45	2.06	2.05	1.94	2.03
Long-Term Debt to EBITDA	0.80	1.89	2.57	2.79	2.33	2.62	1.42	2.80	2.99	2.69	2.99
Debt to NOPAT	3.80	4.51	4.49	4.51	3.61	4.84	5.00	8.17	6.49	5.55	7.66
Net Debt to NOPAT	0.52	1.20	0.95	2.47	1.76	1.53	2.37	5.53	4.40	3.95	5.20
Long-Term Debt to NOPAT	1.77	3.92	4.18	4.42	3.51	4.64	2.33	7.51	6.41	5.47	7.66
Altman Z-Score	3.74	5.04	4.22	3.11	3.30	3.07	3.14	3.22	3.06	3.01	3.24
Noncontrolling Interest Sharing Ratio	0.00%	6.25%	6.28%	0.00%	0.00%	0.00%	0.42%	0.46%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.39	2.22	2.49	1.71	1.60	1.64	1.08	1.45	1.54	1.46	1.44
Quick Ratio	1.28	2.05	2.30	1.24	1.10	1.16	0.74	0.91	0.96	0.83	0.84
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	194	76	52	-65	86	110	-29	37	96	81	93
Operating Cash Flow to CapEx	726.77%	590.24%	439.48%	251.02%	404.73%	588.47%	527.91%	171.93%	471.44%	605.31%	1,103.13%
Free Cash Flow to Firm to Interest Expense	11.26	2.56	2.65	-3.08	4.18	5.96	-1.65	2.28	3.08	2.67	3.17
Operating Cash Flow to Interest Expense	7.96	2.83	6.49	6.78	7.34	9.36	7.97	3.87	4.23	4.45	5.30
Operating Cash Flow Less CapEx to Interest Expense	6.86	2.35	5.02	4.08	5.53	7.77	6.46	1.62	3.33	3.72	4.82
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.88	1.73	0.88	0.87	0.83	0.76	0.77	0.80	0.84	0.81	0.80
Accounts Receivable Turnover	3.37	6.62	3.22	3.34	3.62	3.66	3.84	3.59	3.45	3.44	3.42
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	20.25	44.04	20.31	13.84	11.99	11.92	13.47	14.99	17.03	19.60	24.69
Accounts Payable Turnover	9.44	19.11	10.74	10.73	13.45	17.13	16.66	13.60	13.07	14.85	15.27
Days Sales Outstanding (DSO)	108.35	55.13	113.37	109.24	100.80	99.84	94.96	101.68	105.65	106.23	106.62
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	38.66	19.10	33.99	34.00	27.14	21.31	21.92	26.84	27.93	24.59	23.90
Cash Conversion Cycle (CCC)	69.69	36.03	79.37	75.23	73.66	78.54	73.05	74.84	77.72	81.65	82.73
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	384	391	413	558	571	533	651	671	664	684	664
Invested Capital Turnover	1.69	3.93	1.96	1.80	1.77	1.79	1.77	1.65	1.75	1.78	1.81
Increase / (Decrease) in Invested Capital	-120	7.08	22	145	13	-38	118	20	-7.07	20	-20
Enterprise Value (EV)	1,023	1,471	1,347	1,137	1,716	1,483	1,998	2,035	1,930	1,889	2,568
Market Capitalization	985	1,331	1,277	940	1,542	1,372	1,783	1,719	1,539	1,487	2,187
Book Value per Share	$10.58	$7.79	$10.22	$10.83	$12.04	$12.82	$13.37	$11.28	$9.21	$9.71	$9.95
Tangible Book Value per Share	$1.57	($0.65)	$3.15	$2.06	$3.19	$2.29	$0.87	($0.54)	($2.88)	($3.19)	($3.13)
Total Capital	625	668	674	721	753	774	885	821	850	846	844
Total Debt	279	376	332	360	357	351	445	466	577	564	561
Total Long-Term Debt	130	327	309	352	347	337	207	429	569	556	561
Net Debt	38	100	70	197	174	111	211	316	391	402	381
Capital Expenditures (CapEx)	19	14	29	57	37	29	27	37	28	22	14
Debt-free, Cash-free Net Working Capital (DFCFNWC)	49	79	93	94	78	52	57	126	123	131	107
Debt-free Net Working Capital (DFNWC)	290	356	354	257	261	292	291	276	309	293	287
Net Working Capital (NWC)	141	307	332	249	250	278	53	239	301	286	287
Net Nonoperating Expense (NNE)	11	21	13	14	16	14	17	13	23	15	17
Net Nonoperating Obligations (NNO)	38	100	70	197	174	111	211	316	391	402	381
Total Depreciation and Amortization (D&A)	50	46	16	21	24	26	28	77	71	73	72
Debt-free, Cash-free Net Working Capital to Revenue	6.46%	5.22%	11.75%	10.72%	7.83%	5.26%	5.44%	11.54%	10.49%	10.97%	8.74%
Debt-free Net Working Capital to Revenue	38.48%	23.39%	44.86%	29.33%	26.15%	29.52%	27.77%	25.35%	26.42%	24.49%	23.45%
Net Working Capital to Revenue	18.69%	20.14%	42.01%	28.48%	25.12%	28.10%	5.07%	21.91%	25.78%	23.86%	23.45%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.01	$2.03	$1.89	$2.04	$2.58	$1.83	$2.28	$1.42	$2.21	$3.06	$2.02
Adjusted Weighted Average Basic Shares Outstanding	31.05M	30.97M	32.42M	32.49M	32.05M	32.01M	31.78M	31.03M	29.94M	28.35M	27.69M
Adjusted Diluted Earnings per Share	$1.87	$1.90	$1.87	$2.01	$2.55	$1.82	$2.26	$1.41	$2.20	$3.03	$1.98
Adjusted Weighted Average Diluted Shares Outstanding	33.44M	33.01M	32.87M	32.86M	32.47M	32.28M	32.01M	31.30M	30.12M	28.67M	28.22M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$2.58	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	32.33M	32.84M	33.44M	32.99M	32.85M	32.64M	32.35M	31.26M	29.44M	28.84M	28.50M
Normalized Net Operating Profit after Tax (NOPAT)	75	84	80	86	103	76	92	91	101	112	85
Normalized NOPAT Margin	10.03%	5.50%	10.14%	9.87%	10.28%	7.70%	8.84%	8.32%	8.60%	9.35%	6.98%
Pre Tax Income Margin	12.80%	6.57%	11.11%	9.94%	10.61%	8.62%	9.65%	5.58%	7.90%	9.38%	7.41%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	6.54	4.28	5.31	4.99	6.05	5.55	6.72	4.65	3.82	4.40	3.91
NOPAT to Interest Expense	4.27	2.80	3.78	3.77	4.80	3.93	5.06	3.47	2.85	3.33	2.49
EBIT Less CapEx to Interest Expense	5.44	3.80	3.84	2.29	4.24	3.96	5.21	2.39	2.93	3.66	3.43
NOPAT Less CapEx to Interest Expense	3.17	2.32	2.30	1.07	2.99	2.34	3.55	1.22	1.95	2.60	2.01
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	35.54%	38.34%	43.76%	42.31%	35.19%	52.90%	45.05%	75.98%	51.22%	30.64%	66.92%
Augmented Payout Ratio	139.47%	78.41%	93.70%	94.82%	72.54%	117.83%	103.47%	295.49%	243.03%	108.64%	215.77%

This table displays calculated financial ratios and metrics derived from CSG Systems International's official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	28,501,936.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	28,501,936.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	0.84
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	4.96%	2.57%	-1.21%	1.39%	2.88%	6.50%	1.46%	2.35%	2.87%	2.03%	4.77%
EBITDA Growth	24.19%	-19.85%	-6.96%	0.78%	-5.95%	53.28%	-9.92%	0.49%	6.67%	-27.40%	24.04%
EBIT Growth	47.34%	-32.18%	-9.52%	-4.42%	-11.65%	101.11%	-15.84%	2.60%	9.41%	-37.62%	39.11%
NOPAT Growth	72.17%	-25.54%	-17.92%	-11.96%	11.40%	90.88%	-2.15%	4.55%	-7.27%	-75.04%	17.78%
Net Income Growth	49.78%	-37.12%	-6.98%	-0.90%	2.11%	172.04%	-17.14%	-11.30%	7.31%	-79.69%	48.13%
EPS Growth	55.00%	-30.77%	0.00%	6.67%	8.06%	166.67%	-16.18%	-8.33%	8.96%	-80.00%	45.61%
Operating Cash Flow Growth	7.64%	47.21%	-290.63%	248.01%	60.52%	3.74%	139.08%	-13.41%	21.50%	-28.24%	-110.14%
Free Cash Flow Firm Growth	97.51%	378.33%	-158.58%	-283.89%	177.95%	-41.00%	400.07%	434.14%	4,316.97%	90.54%	-22.23%
Invested Capital Growth	3.63%	-1.05%	4.98%	4.41%	3.39%	3.07%	-1.79%	-3.55%	-5.78%	-2.92%	-0.17%
Revenue Q/Q Growth	0.19%	3.64%	-0.74%	-1.63%	1.66%	7.29%	-5.43%	-0.78%	2.18%	6.42%	-2.90%
EBITDA Q/Q Growth	17.00%	-17.64%	1,013.13%	-10.33%	9.20%	34.22%	-31.46%	0.03%	15.92%	-8.64%	17.10%
EBIT Q/Q Growth	25.27%	-31.11%	40.02%	-20.90%	15.79%	56.81%	-41.41%	-3.57%	23.47%	-10.59%	30.68%
NOPAT Q/Q Growth	14.85%	-18.82%	21.07%	-22.01%	45.32%	39.09%	-37.93%	-16.67%	28.89%	-62.56%	192.93%
Net Income Q/Q Growth	33.97%	-32.22%	53.65%	-28.96%	38.03%	80.57%	-53.20%	-23.95%	66.98%	-65.82%	241.28%
EPS Q/Q Growth	37.78%	-27.42%	51.11%	-29.41%	39.58%	79.10%	-52.50%	-22.81%	65.91%	-67.12%	245.83%
Operating Cash Flow Q/Q Growth	98.47%	223.53%	-136.91%	246.86%	-8.46%	109.09%	-86.10%	225.45%	28.44%	23.48%	-101.96%
Free Cash Flow Firm Q/Q Growth	-126.62%	1,437.19%	-145.39%	-13.83%	111.28%	911.99%	130.85%	26.75%	49.16%	-56.34%	-5.77%
Invested Capital Q/Q Growth	1.37%	-6.47%	8.61%	1.38%	0.38%	-6.76%	3.49%	-0.43%	-1.94%	-3.92%	6.42%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	46.76%	47.48%	46.50%	47.34%	49.35%	51.30%	48.41%	49.47%	48.11%	50.05%	48.43%
EBITDA Margin	17.89%	14.22%	16.70%	15.23%	16.35%	20.46%	14.83%	14.95%	16.96%	14.56%	17.56%
Operating Margin	11.41%	8.32%	10.77%	8.76%	10.78%	13.36%	9.81%	10.05%	10.03%	8.99%	11.18%
EBIT Margin	11.69%	7.77%	10.96%	8.82%	10.04%	14.68%	9.09%	8.84%	10.68%	8.97%	12.07%
Profit (Net Income) Margin	6.52%	4.26%	6.60%	4.76%	6.47%	10.89%	5.39%	4.13%	6.75%	2.17%	7.62%
Tax Burden Percent	70.06%	75.22%	70.88%	69.15%	80.27%	84.01%	75.05%	61.55%	77.76%	30.52%	74.06%
Interest Burden Percent	79.55%	72.89%	84.89%	78.14%	80.24%	88.29%	78.92%	75.90%	81.24%	79.12%	85.16%
Effective Tax Rate	29.94%	24.78%	29.12%	30.85%	19.73%	15.99%	24.95%	38.45%	22.24%	69.48%	25.94%
Return on Invested Capital (ROIC)	13.32%	10.97%	12.64%	9.90%	14.12%	19.93%	12.38%	10.41%	13.32%	4.98%	14.48%
ROIC Less NNEP Spread (ROIC-NNEP)	12.24%	9.28%	11.85%	8.93%	12.68%	19.66%	11.03%	9.01%	12.56%	4.50%	13.98%
Return on Net Nonoperating Assets (RNNOA)	15.99%	10.43%	14.32%	10.53%	20.67%	28.02%	17.51%	13.93%	18.42%	6.22%	20.31%
Return on Equity (ROE)	29.31%	21.40%	26.96%	20.43%	34.79%	47.95%	29.89%	24.33%	31.74%	11.20%	34.79%
Cash Return on Invested Capital (CROIC)	10.11%	14.37%	7.06%	7.08%	8.31%	12.05%	15.98%	17.94%	20.15%	13.82%	11.21%
Operating Return on Assets (OROA)	10.50%	6.51%	9.87%	7.79%	8.71%	11.94%	8.06%	7.70%	9.08%	7.21%	10.30%
Return on Assets (ROA)	5.85%	3.57%	5.94%	4.21%	5.61%	8.85%	4.77%	3.60%	5.74%	1.74%	6.50%
Return on Common Equity (ROCE)	29.31%	21.40%	26.96%	20.43%	34.79%	47.95%	29.89%	24.33%	31.74%	11.20%	34.79%
Return on Equity Simple (ROE_SIMPLE)	28.30%	0.00%	24.05%	23.66%	22.56%	0.00%	29.50%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	23	19	23	18	26	36	22	18	24	8.87	26
NOPAT Margin	7.99%	6.26%	7.64%	6.05%	8.65%	11.22%	7.36%	6.18%	7.80%	2.74%	8.28%
Net Nonoperating Expense Percent (NNEP)	1.07%	1.68%	0.80%	0.97%	1.44%	0.27%	1.35%	1.40%	0.76%	0.48%	0.50%
Return On Investment Capital (ROIC_SIMPLE)	-	2.19%	-	-	-	4.20%	2.61%	2.16%	2.79%	1.05%	3.04%
Cost of Revenue to Revenue	53.24%	52.52%	53.50%	52.66%	50.65%	48.70%	51.59%	50.53%	51.89%	49.95%	51.57%
SG&A Expenses to Revenue	20.60%	22.43%	20.91%	21.07%	21.65%	22.59%	20.80%	22.73%	21.55%	26.68%	21.59%
R&D to Revenue	12.30%	12.04%	12.23%	13.23%	14.12%	13.27%	13.66%	13.60%	13.27%	12.37%	13.71%
Operating Expenses to Revenue	35.35%	39.16%	35.73%	38.58%	38.57%	37.95%	38.59%	39.42%	38.08%	41.06%	37.25%
Earnings before Interest and Taxes (EBIT)	34	23	32	26	30	46	27	26	32	29	38
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	51	42	49	44	48	65	44	44	51	47	55
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	6.08	5.63	5.64	4.47	4.98	5.26	6.16	6.51	6.40	7.71	7.75
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	1.36	1.32	1.30	1.04	1.22	1.24	1.45	1.57	1.52	1.79	1.84
Price to Earnings (P/E)	21.47	23.24	23.43	18.90	22.06	17.12	20.88	23.09	22.22	39.14	35.80
Dividend Yield	2.22%	2.16%	2.23%	2.82%	2.43%	2.35%	2.02%	1.90%	1.96%	1.67%	1.63%
Earnings Yield	4.66%	4.30%	4.27%	5.29%	4.53%	5.84%	4.79%	4.33%	4.50%	2.55%	2.79%
Enterprise Value to Invested Capital (EV/IC)	2.86	2.91	2.73	2.30	2.56	2.76	3.06	3.27	3.26	3.87	3.81
Enterprise Value to Revenue (EV/Rev)	1.75	1.65	1.69	1.44	1.60	1.58	1.81	1.91	1.85	2.10	2.17
Enterprise Value to EBITDA (EV/EBITDA)	13.38	10.13	14.16	12.05	13.79	9.14	10.76	11.43	10.99	13.71	13.59
Enterprise Value to EBIT (EV/EBIT)	15.61	16.19	17.01	14.66	16.99	14.09	16.82	17.80	17.03	22.35	21.44
Enterprise Value to NOPAT (EV/NOPAT)	21.31	21.72	23.47	20.61	22.38	18.59	21.41	22.42	22.29	35.10	34.48
Enterprise Value to Operating Cash Flow (EV/OCF)	19.10	14.63	22.60	14.25	14.17	13.92	12.29	13.51	12.58	16.47	18.78
Enterprise Value to Free Cash Flow (EV/FCFF)	28.83	20.12	39.62	33.16	31.35	23.25	18.99	17.90	15.70	27.56	33.95
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	2.29	2.11	2.13	2.08	1.96	1.99	1.98	1.93	1.94	1.98	1.91
Long-Term Debt to Equity	2.20	2.08	2.10	2.05	1.93	1.97	1.98	1.93	1.94	1.98	1.91
Financial Leverage	1.31	1.12	1.21	1.18	1.63	1.43	1.59	1.55	1.47	1.38	1.45
Leverage Ratio	4.28	4.44	4.06	4.03	4.95	5.30	4.91	4.92	4.95	5.38	5.03
Compound Leverage Factor	3.40	3.24	3.45	3.15	3.97	4.68	3.87	3.73	4.02	4.26	4.28
Debt to Total Capital	69.59%	67.85%	68.01%	67.52%	66.16%	66.60%	66.47%	65.84%	65.93%	66.40%	65.59%
Short-Term Debt to Total Capital	2.63%	0.88%	0.89%	0.89%	0.88%	0.89%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	66.96%	66.97%	67.12%	66.63%	65.28%	65.72%	66.47%	65.84%	65.93%	66.40%	65.59%
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%	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%	0.00%
Common Equity to Total Capital	30.41%	32.15%	31.99%	32.48%	33.84%	33.40%	33.53%	34.16%	34.07%	33.60%	34.41%
Debt to EBITDA	3.92	3.03	4.12	4.08	4.14	2.73	2.78	2.78	2.73	2.99	2.83
Net Debt to EBITDA	2.96	2.05	3.25	3.28	3.27	1.94	2.11	2.05	1.96	2.03	2.09
Long-Term Debt to EBITDA	3.78	2.99	4.06	4.02	4.08	2.69	2.78	2.78	2.73	2.99	2.83
Debt to NOPAT	6.25	6.49	6.82	6.97	6.71	5.55	5.54	5.45	5.54	7.66	7.18
Net Debt to NOPAT	4.71	4.40	5.38	5.62	5.30	3.95	4.20	4.03	3.97	5.20	5.29
Long-Term Debt to NOPAT	6.02	6.41	6.73	6.88	6.62	5.47	5.54	5.45	5.54	7.66	7.18
Altman Z-Score	3.13	2.84	3.22	2.87	2.96	2.81	3.09	3.17	3.06	3.06	3.32
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.65	1.54	1.74	1.59	1.58	1.46	1.55	1.56	1.50	1.44	1.53
Quick Ratio	1.10	0.96	1.14	0.97	0.96	0.83	0.94	0.95	0.89	0.84	0.89
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-1.92	26	-12	-13	1.50	15	35	44	66	29	27
Operating Cash Flow to CapEx	377.49%	1,578.94%	-614.81%	1,002.68%	529.30%	1,400.03%	269.92%	1,356.82%	1,252.76%	1,789.09%	-66.76%
Free Cash Flow to Firm to Interest Expense	-0.24	3.18	-1.55	-1.72	0.19	2.02	4.57	5.99	8.98	4.13	3.97
Operating Cash Flow to Interest Expense	3.06	9.84	-3.91	5.60	5.07	11.02	1.50	5.04	6.51	8.47	-0.17
Operating Cash Flow Less CapEx to Interest Expense	2.25	9.22	-4.55	5.04	4.11	10.23	0.94	4.67	5.99	8.00	-0.42
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.90	0.84	0.90	0.88	0.87	0.81	0.89	0.87	0.85	0.80	0.85
Accounts Receivable Turnover	3.58	3.45	3.38	3.41	3.27	3.44	3.37	3.48	3.40	3.42	3.42
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	16.61	17.03	18.00	18.05	18.64	19.60	19.30	22.55	23.48	24.69	24.13
Accounts Payable Turnover	16.17	13.07	15.47	13.65	13.04	14.85	16.26	13.06	13.06	15.27	16.27
Days Sales Outstanding (DSO)	101.91	105.65	107.83	106.98	111.75	106.23	108.23	104.93	107.47	106.62	106.67
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	22.57	27.93	23.60	26.75	27.99	24.59	22.45	27.94	27.94	23.90	22.43
Cash Conversion Cycle (CCC)	79.34	77.72	84.24	80.23	83.76	81.65	85.78	76.99	79.53	82.73	84.24
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	710	664	721	731	734	684	708	705	691	664	707
Invested Capital Turnover	1.67	1.75	1.66	1.63	1.63	1.78	1.68	1.68	1.71	1.81	1.75
Increase / (Decrease) in Invested Capital	25	-7.07	34	31	24	20	-13	-26	-42	-20	-1.23
Enterprise Value (EV)	2,032	1,930	1,970	1,680	1,881	1,889	2,169	2,307	2,254	2,568	2,691
Market Capitalization	1,583	1,539	1,518	1,222	1,435	1,487	1,744	1,892	1,852	2,187	2,278
Book Value per Share	$8.20	$9.21	$9.45	$9.21	$9.78	$9.71	$9.82	$10.03	$10.06	$9.95	$10.31
Tangible Book Value per Share	($3.06)	($2.88)	($2.95)	($3.77)	($3.42)	($3.19)	($3.31)	($3.13)	($3.08)	($3.13)	($2.52)
Total Capital	857	850	842	842	852	846	844	851	850	844	854
Total Debt	596	577	573	568	564	564	561	560	560	561	560
Total Long-Term Debt	574	569	565	561	556	556	561	560	560	561	560
Net Debt	449	391	452	458	445	402	425	414	402	381	413
Capital Expenditures (CapEx)	6.51	5.04	4.77	4.30	7.46	5.89	4.25	2.75	3.83	3.31	1.74
Debt-free, Cash-free Net Working Capital (DFCFNWC)	174	123	199	180	177	131	152	142	130	107	160
Debt-free Net Working Capital (DFNWC)	321	309	320	290	295	293	288	288	288	287	308
Net Working Capital (NWC)	299	301	313	283	288	286	288	288	288	287	308
Net Nonoperating Expense (NNE)	4.24	5.94	3.07	3.75	6.46	1.06	5.92	6.11	3.20	1.87	2.08
Net Nonoperating Obligations (NNO)	449	391	452	458	445	402	425	414	402	381	413
Total Depreciation and Amortization (D&A)	18	19	17	19	19	18	17	18	19	18	17
Debt-free, Cash-free Net Working Capital to Revenue	15.00%	10.49%	17.10%	15.36%	15.01%	10.97%	12.63%	11.77%	10.65%	8.74%	12.95%
Debt-free Net Working Capital to Revenue	27.63%	26.42%	27.46%	24.80%	25.06%	24.49%	23.95%	23.84%	23.66%	23.45%	24.85%
Net Working Capital to Revenue	25.70%	25.78%	26.82%	24.16%	24.43%	23.86%	23.95%	23.84%	23.66%	23.45%	24.85%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.62	$0.44	$0.68	$0.48	$0.67	$1.23	$0.58	$0.44	$0.74	$0.26	$0.86
Adjusted Weighted Average Basic Shares Outstanding	30.10M	29.94M	28.52M	28.55M	28.36M	28.35M	27.82M	27.84M	27.63M	27.69M	27.80M
Adjusted Diluted Earnings per Share	$0.62	$0.45	$0.68	$0.48	$0.67	$1.20	$0.57	$0.44	$0.73	$0.24	$0.83
Adjusted Weighted Average Diluted Shares Outstanding	30.28M	30.12M	28.80M	28.60M	28.47M	28.67M	28.27M	28.13M	27.97M	28.22M	28.89M
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	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	29.67M	29.44M	29.69M	29.50M	29.09M	28.84M	28.98M	28.77M	28.52M	28.50M	28.51M
Normalized Net Operating Profit after Tax (NOPAT)	24	25	24	22	28	37	28	21	28	22	28
Normalized NOPAT Margin	8.28%	8.26%	8.12%	7.75%	9.46%	11.56%	9.21%	7.14%	9.23%	6.79%	8.78%
Pre Tax Income Margin	9.30%	5.67%	9.31%	6.89%	8.06%	12.96%	7.18%	6.71%	8.68%	7.10%	10.28%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	4.17	2.86	4.31	3.32	3.81	6.21	3.56	3.55	4.40	4.15	5.53
NOPAT to Interest Expense	2.85	2.30	3.00	2.28	3.28	4.75	2.88	2.48	3.22	1.27	3.79
EBIT Less CapEx to Interest Expense	3.36	2.24	3.67	2.77	2.85	5.42	3.00	3.18	3.88	3.67	5.27
NOPAT Less CapEx to Interest Expense	2.04	1.68	2.37	1.72	2.33	3.96	2.33	2.11	2.70	0.80	3.54
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	46.54%	51.22%	52.95%	53.06%	52.72%	30.64%	31.86%	32.98%	32.90%	66.92%	73.02%
Augmented Payout Ratio	236.10%	243.03%	262.46%	278.22%	134.32%	108.64%	118.27%	131.02%	133.48%	215.77%	174.75%

Financials Breakdown Chart

Key Financial Trends

CSG Systems International (CSGS) — four-year trend snapshot (highlights drawn from the provided quarterly statements).

Revenue growth trend: Total revenue rose from about $289.9 million in Q4 2022 to $323.1 million in Q4 2025, a multi-year expansion.
Gross margin stability: Gross margin has largely stayed in the roughly 50% range across the period (Total Gross Profit around $139.7M in 2022 Q4 to ~$161.7M in 2025 Q4 on comparable revenue levels), indicating consistent profitability on product/services sold.
Operating cash flow strength: Net cash from continuing operating activities remained positive and trending higher in 2025, with Q4 2025 at about $59.2 million, supporting liquidity.
Free cash flow potential: Quarterly free cash flow (approximately operating cash flow minus capex) was solid in Q4 2025 (roughly $55.8 million after ~$3.4 million of capex), underscoring cash-generation capability.
Shareholder returns signal: Cash dividends per share are consistently reported at $0.32, reflecting a stable, predictable dividend policy.
Healthy liquidity indicators: Latest quarters show total current assets exceeding total current liabilities (for example, Q3 2025 current assets $862.9M vs. current liabilities $574.9M), implying a current ratio around 1.5x. This suggests solid short-term liquidity but not a large cash cushion.
Debt level remains material but manageable: Long-term debt sits in the mid-$530M range (roughly $537–$539M across recent quarters), indicating a moderate-to-high leverage posture that could affect funding costs if margins deteriorate.
Earnings per share volatility: Quarterly earnings per share swing (for example, diluted EPS of $0.24 in Q4 2025 vs. $0.73 in Q3 2025) points to earnings volatility, even as revenue trends appear more stable.
Profitability softness in latest quarter: Net income attributable to common shareholders declined in Q4 2025 to about $7.0 million from $34.5 million in Q4 2024, even as revenue grew, highlighting earnings headwinds.
Margin compression and restructuring costs: Operating margin has compressed (Q4 2025 operating income about $29.1M on $323.1M revenue, roughly 9% margin, versus higher margins in prior year quarters) and restructuring charges ($2.27M in Q4 2025) weigh on profitability.

05/19/26 11:16 AM ETAI Generated. May Contain Errors.

CSG Systems International Financials - Frequently Asked Questions

According to the most recent income statement we have on file, CSG Systems International's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

CSG Systems International's net income were at $55.88 million at the end of 2025, a 35.7% decrease from 2024, and a 10.7% decrease since 2015. View CSG Systems International's forecast to see where analysts expect CSG Systems International to go next.

CSG Systems International's total operating income in 2025 was $118.75 million, based on the following breakdown:

Total Gross Profit: $599.72 million
Total Operating Expenses: $480.97 million

Over the last 10 years, CSG Systems International's total revenue changed from $752.52 million in 2015 to $1.22 billion in 2025, a change of 62.6%.

CSG Systems International's total liabilities were at $1.26 billion at the end of 2025, a 3.5% increase from 2024, and a 143.9% increase since 2015.

In the past 10 years, CSG Systems International's cash and equivalents has ranged from $122.24 million in 2017 to $205.64 million in 2021, and is currently $180.01 million as of their latest financial filing in 2025.

Over the last 10 years, CSG Systems International's book value per share changed from 10.58 in 2015 to 9.95 in 2025, a change of -6.0%.

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Financial statements for NASDAQ:CSGS last updated on 5/8/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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CSG Systems International (CSGS) Financials

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CSG Systems International (CSGS) Financials

Annual Income Statements for CSG Systems International

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Quarterly Cash Flow Statements for CSG Systems International

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Quarterly Balance Sheets for CSG Systems International

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Quarterly Metrics And Ratios for CSG Systems International

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CSG Systems International Financials - Frequently Asked Questions

When does CSG Systems International's fiscal year end?

How has CSG Systems International's net income changed over the last 10 years?

What is CSG Systems International's operating income?

How has CSG Systems International's revenue changed over the last 10 years?

How much debt does CSG Systems International have?

How much cash does CSG Systems International have?

How has CSG Systems International's book value per share changed over the last 10 years?

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