CBIZ (CBZ) Financials

$74.27 -1.46 (-1.93%)

Closing price 03:59 PM Eastern

Extended Trading

$74.26 0.00 (-0.01%)

As of 04:10 PM Eastern

Annual Income Statements for CBIZ

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

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	41	119	105	71	78	71	62	50	40	34
Consolidated Net Income / (Loss)	41	121	105	71	78	71	62	50	40	34
Net Income / (Loss) Continuing Operations	41	121	105	71	78	71	62	51	41	35
Total Pre-Tax Income	58	166	141	93	103	93	80	74	67	58
Total Operating Income	74	165	168	73	92	81	93	66	66	66
Total Gross Profit	182	223	223	159	139	125	132	100	102	98
Total Revenue	1,813	1,591	1,412	1,105	964	948	922	855	800	750
Operating Revenue	1,813	1,591	1,412	1,105	964	948	922	855	800	750
Total Cost of Revenue	1,631	1,368	1,189	946	825	823	790	756	698	652
Operating Cost of Revenue	1,631	1,368	1,189	946	825	823	790	756	698	652
Total Operating Expenses	109	58	55	87	46	44	39	33	36	33
Selling, General & Admin Expense	109	58	55	56	46	44	39	33	36	33
Total Other Income / (Expense), net	-16	2.13	-27	20	11	12	-13	7.86	1.22	-7.67
Interest Expense	34	20	8.04	3.87	4.98	5.77	6.65	6.68	6.59	8.90
Other Income / (Expense), net	18	22	-19	24	16	18	-6.06	15	7.81	1.23
Income Tax Expense	17	45	36	22	25	22	18	23	26	23
Basic Earnings per Share	$0.78	$2.42	$2.05	$1.35	$1.44	$1.30	$1.13	$0.94	$0.77	$0.69
Weighted Average Basic Shares Outstanding	52.38M	49.99M	51.50M	52.64M	54.29M	54.30M	54.56M	53.86M	52.32M	50.28M
Diluted Earnings per Share	$0.78	$2.39	$2.01	$1.32	$1.41	$1.26	$1.09	$0.91	$0.75	$0.65
Weighted Average Diluted Shares Outstanding	52.66M	50.56M	52.39M	53.72M	55.36M	55.90M	56.49M	55.69M	53.51M	52.69M
Weighted Average Basic & Diluted Shares Outstanding	53.76M	50.02M	50.38M	52.18M	53.49M	55.31M	54.50M	53.60M	52M	49.40M

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

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	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	123	-91	35	20	77	-16	34	28	73	-11	27
Consolidated Net Income / (Loss)	123	-91	35	20	77	-13	34	27	73	-11	27
Net Income / (Loss) Continuing Operations	123	-91	35	20	77	-13	34	27	73	-11	27
Total Pre-Tax Income	173	-125	51	28	104	-19	47	39	100	-16	37
Total Operating Income	200	-107	50	32	99	-27	55	39	98	-19	41
Total Gross Profit	228	-62	73	54	118	-13	68	55	114	-7.52	57
Total Revenue	838	460	439	420	494	328	411	399	455	295	363
Operating Revenue	838	460	439	420	494	328	411	399	455	295	363
Total Cost of Revenue	610	522	366	366	376	341	342	344	341	303	306
Operating Cost of Revenue	610	522	366	366	376	341	342	344	341	303	306
Total Operating Expenses	28	45	23	22	19	13	13	16	16	12	16
Selling, General & Admin Expense	28	45	23	22	19	13	13	16	16	12	16
Total Other Income / (Expense), net	-27	-19	1.29	-3.40	4.91	8.84	-8.06	-0.23	1.57	2.96	-4.75
Interest Expense	25	19	4.97	5.88	4.51	5.11	5.85	5.53	3.64	2.83	2.31
Other Income / (Expense), net	-1.97	0.31	6.25	2.48	9.42	14	-2.21	5.31	5.21	5.79	-2.45
Income Tax Expense	50	-35	16	8.40	27	-6.33	14	12	26	-4.95	9.13
Basic Earnings per Share	$1.92	($1.85)	$0.70	$0.39	$1.54	($0.25)	$0.68	$0.54	$1.45	($0.20)	$0.53
Weighted Average Basic Shares Outstanding	63.84M	52.38M	50.15M	50.11M	50.05M	49.99M	49.84M	49.96M	50.37M	51.50M	51.46M
Diluted Earnings per Share	$1.91	($1.84)	$0.70	$0.39	$1.53	($0.25)	$0.67	$0.53	$1.44	($0.22)	$0.53
Weighted Average Diluted Shares Outstanding	64.14M	52.66M	50.40M	50.28M	50.22M	50.56M	50.37M	50.39M	50.76M	52.39M	52.24M
Weighted Average Basic & Diluted Shares Outstanding	54.40M	53.76M	50.19M	50.16M	50.11M	50.02M	49.84M	49.82M	50.13M	50.38M	50.83M

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

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	30	-3.00	9.67	-20	24	16	-52	-17	46	-0.13
Net Cash From Operating Activities	124	154	126	131	147	98	105	77	74	47
Net Cash From Continuing Operating Activities	124	154	126	131	147	99	105	78	74	46
Net Income / (Loss) Continuing Operations	41	121	105	71	78	71	62	50	40	35
Consolidated Net Income / (Loss)	41	121	105	71	78	71	62	50	40	34
Depreciation Expense	48	36	33	27	23	22	24	23	22	20
Non-Cash Adjustments To Reconcile Net Income	13	14	15	8.47	14	9.25	6.25	6.96	7.85	11
Changes in Operating Assets and Liabilities, net	22	-17	-28	25	32	-3.79	14	-2.74	3.66	-23
Net Cash From Investing Activities	-1,129	-79	-99	-82	-46	-28	-48	-49	-9.85	-6.95
Net Cash From Continuing Investing Activities	-1,129	-79	-99	-82	-46	-28	-48	-49	-9.85	-6.96
Purchase of Property, Plant & Equipment	-13	-23	-8.64	-8.98	-12	-14	-15	-12	-4.14	-7.39
Acquisitions	-1,088	-53	-79	-67	-71	-12	-29	-28	-5.65	-15
Purchase of Investments	-23	-14	-20	-27	-3.45	-27	-18	-16	-11	-15
Divestitures	7.13	3.06	3.02	9.71	0.71	0.00	-	-	-	-
Sale and/or Maturity of Investments	22	18	12	15	37	24	12	8.79	9.78	11
Other Investing Activities, net	-35	-11	-6.99	-3.90	1.85	1.19	2.32	-1.94	1.52	20
Net Cash From Financing Activities	1,036	-77	-17	-69	-77	-55	-109	-46	-18	-41
Net Cash From Continuing Financing Activities	1,036	-77	-17	-69	-77	-55	-109	-46	-18	-41
Repayment of Debt	-1,400	-1,177	-717	-805	-590	-679	-735	-547	-432	-400
Repurchase of Common Equity	0.00	-65	-123	-97	-56	-27	-17	-20	-9.14	-36
Issuance of Debt	2,488	1,224	825	852	592	649	690	534	417	409
Other Financing Activities, net	-52	-58	-3.13	-19	-22	3.22	-47	-13	5.82	-13
Cash Interest Paid	26	19	7.42	3.35	4.74	5.56	6.34	6.12	-	-
Cash Income Taxes Paid	38	40	28	17	26	17	15	25	-	-

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

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	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	-38	72	-21	0.51	-21	35	-24	15	-29	39	-60
Net Cash From Operating Activities	-88	56	44	88	-64	96	28	74	-45	66	32
Net Cash From Continuing Operating Activities	-88	56	44	88	-64	96	28	74	-45	66	32
Net Income / (Loss) Continuing Operations	123	-91	35	20	77	-13	34	27	73	-11	27
Consolidated Net Income / (Loss)	123	-91	35	20	77	-13	34	27	73	-11	27
Depreciation Expense	25	19	9.59	9.54	9.47	9.30	9.13	9.21	8.63	8.19	8.24
Non-Cash Adjustments To Reconcile Net Income	6.06	8.12	-1.68	3.07	3.19	3.11	3.23	3.13	4.19	2.48	5.42
Changes in Operating Assets and Liabilities, net	-242	119	0.74	56	-153	97	-19	35	-130	67	-9.58
Net Cash From Investing Activities	-4.96	-1,104	8.34	-4.55	-29	-2.76	-11	-20	-46	-3.57	-5.79
Net Cash From Continuing Investing Activities	-4.96	-1,104	8.34	-4.55	-29	-2.76	-11	-20	-46	-3.57	-5.79
Purchase of Property, Plant & Equipment	-5.18	-3.26	-2.68	-1.85	-5.12	-4.02	-7.31	-8.13	-3.60	-2.61	-2.39
Acquisitions	0.00	-1,065	-0.44	-1.16	-21	-	-4.48	-9.58	-39	0.15	-6.82
Purchase of Investments	-8.30	-7.11	-4.00	-7.66	-4.44	-12	-2.47	-	0.00	-	-1.50
Divestitures	0.29	-2.75	9.88	-	0.00	1.36	1.45	0.13	0.12	0.12	2.72
Sale and/or Maturity of Investments	8.41	6.77	2.74	6.97	5.45	12	3.63	2.69	0.50	0.90	3.00
Other Investing Activities, net	-0.18	-33	2.83	-0.85	-3.25	-0.11	-1.83	-4.83	-3.86	-2.12	-0.80
Net Cash From Financing Activities	55	1,121	-73	-83	71	-59	-40	-40	62	-23	-86
Net Cash From Continuing Financing Activities	55	1,121	-73	-83	71	-59	-40	-40	62	-23	-86
Repayment of Debt	-358	-606	-243	-295	-256	-331	-329	-306	-211	-175	-203
Issuance of Debt	486	1,669	199	239	381	249	314	313	349	169	208
Other Financing Activities, net	-72	58	-29	-26	-54	31	-15	-18	-56	39	-59

This table presents CBIZ's 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	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Total Assets	4,471	2,044	1,879	1,628	1,514	1,401	1,183	1,176	1,119	996
Total Current Assets	836	613	568	452	436	456	424	448	442	372
Cash & Equivalents	14	8.09	4.70	2.00	4.65	0.57	0.64	0.42	3.49	0.85
Restricted Cash	215	190	200	188	191	209	189	236	241	196
Accounts Receivable	535	380	334	242	216	222	207	188	175	154
Current Deferred & Refundable Income Taxes	4.05	0.00	-	-	-	-	-	-	-	5.76
Other Current Assets	68	35	29	19	24	24	27	23	21	16
Plant, Property, & Equipment, net	88	57	45	43	41	39	34	26	19	20
Total Noncurrent Assets	3,554	1,374	1,255	1,133	1,037	905	725	702	658	604
Goodwill	2,945	1,009	952	841	757	655	637	613	584	536
Employee Benefit Assets	167	143	119	136	127	107	84	86	70	64
Other Noncurrent Operating Assets	434	222	184	156	152	144	3.84	3.18	2.01	2.03
Other Noncurrent Nonoperating Assets	7.16	-	-	0.45	0.81	-	-	-	-	-
Total Liabilities & Shareholders' Equity	4,471	2,044	1,879	1,628	1,514	1,401	1,183	1,176	1,119	996
Total Liabilities	2,691	1,252	1,166	923	811	742	589	645	639	568
Total Current Liabilities	706	512	512	423	378	366	321	334	339	271
Short-Term Debt	127	66	63	34	20	16	23	15	17	13
Accounts Payable	91	83	81	66	64	69	59	51	46	36
Current Deferred & Payable Income Tax Liabilities	0.00	2.10	1.61	1.67	2.79	0.06	0.46	-	1.05	-
Current Employee Benefit Liabilities	173	134	130	114	80	60	64	45	45	40
Other Current Liabilities	315	227	236	207	211	221	176	222	230	183
Total Noncurrent Liabilities	1,992	740	653	500	433	376	268	311	299	297
Long-Term Debt	1,341	312	266	155	108	106	136	179	193	207
Noncurrent Deferred Revenue	2.19	1.98	2.21	1.73	1.78	3.05	3.40	4.45	4.43	4.08
Noncurrent Deferred & Payable Income Tax Liabilities	11	29	25	15	8.75	12	6.76	3.34	3.55	4.90
Noncurrent Employee Benefit Liabilities	167	143	119	136	127	107	84	86	70	64
Other Noncurrent Operating Liabilities	471	253	244	192	188	148	38	39	28	18
Total Equity & Noncontrolling Interests	1,780	792	713	705	703	659	594	531	480	428
Total Preferred & Common Equity	1,780	792	713	705	703	659	594	531	480	428
Total Common Equity	1,780	792	713	705	703	659	594	531	480	428
Common Stock	1,793	834	801	771	742	716	694	677	657	636
Retained Earnings	896	855	734	629	558	480	409	345	295	255
Treasury Stock	-911	-899	-825	-695	-595	-536	-509	-491	-471	-462
Accumulated Other Comprehensive Income / (Loss)	1.22	1.78	3.60	-0.97	-2.27	-0.68	-0.48	-0.18	-0.50	-0.63

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

Metric	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/31/2025	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	4,585	2,133	2,161	2,197	2,074	2,089	2,038	1,900
Total Current Assets	1,003	676	694	722	666	686	650	583
Cash & Equivalents	8.85	1.08	1.13	1.40	1.42	3.69	2.27	2.04
Restricted Cash	182	155	176	175	161	184	173	165
Accounts Receivable	735	477	478	504	466	456	443	399
Other Current Assets	77	43	39	42	38	42	31	17
Plant, Property, & Equipment, net	92	56	57	58	55	51	47	45
Total Noncurrent Assets	3,491	1,402	1,410	1,417	1,353	1,352	1,341	1,273
Goodwill	2,907	1,030	1,035	1,038	1,015	1,015	1,006	957
Employee Benefit Assets	162	165	162	158	130	136	129	111
Other Noncurrent Operating Assets	422	206	213	221	208	201	207	203
Total Liabilities & Shareholders' Equity	4,585	2,133	2,161	2,197	2,074	2,089	2,038	1,900
Total Liabilities	2,671	1,205	1,269	1,330	1,264	1,313	1,266	1,125
Total Current Liabilities	660	453	468	470	474	501	461	459
Short-Term Debt	113	55	55	65	70	71	65	61
Accounts Payable	103	87	109	94	81	126	83	74
Current Deferred & Payable Income Tax Liabilities	42	12	7.37	27	16	13	25	14
Current Employee Benefit Liabilities	88	117	95	71	118	90	69	125
Other Current Liabilities	314	182	201	214	189	200	219	184
Total Noncurrent Liabilities	2,011	753	802	860	789	812	805	667
Long-Term Debt	1,463	337	381	438	395	411	404	271
Noncurrent Deferred Revenue	2.54	2.22	2.15	2.09	2.03	2.38	2.33	2.07
Noncurrent Deferred & Payable Income Tax Liabilities	1.02	34	33	32	32	29	27	23
Noncurrent Employee Benefit Liabilities	162	165	162	158	130	136	129	111
Other Noncurrent Operating Liabilities	383	214	225	231	231	235	243	262
Total Equity & Noncontrolling Interests	1,915	928	891	867	811	776	772	774
Total Preferred & Common Equity	1,915	928	891	867	811	776	772	774
Total Common Equity	1,915	928	891	867	811	776	772	774
Common Stock	1,814	851	847	843	830	820	816	795
Retained Earnings	1,019	987	952	932	868	834	807	746
Accumulated Other Comprehensive Income / (Loss)	-0.02	0.16	2.65	2.80	4.42	3.93	2.39	3.62
Other Equity Adjustments	-918	-	-	-	-	-	-	-

This table displays calculated financial ratios and metrics derived from CBIZ's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	13.97%	12.69%	27.79%	14.63%	1.63%	2.87%	7.79%	6.94%	6.58%	4.30%
EBITDA Growth	-37.33%	22.67%	47.15%	-5.81%	8.77%	9.84%	5.87%	8.73%	6.88%	1.96%
EBIT Growth	-50.83%	25.41%	54.32%	-10.68%	9.95%	14.07%	6.78%	10.05%	10.29%	4.78%
NOPAT Growth	-56.46%	-4.12%	126.36%	-20.90%	13.68%	-13.71%	56.40%	14.47%	0.56%	18.78%
Net Income Growth	-66.08%	14.82%	48.62%	-9.47%	10.73%	14.85%	22.22%	25.74%	17.47%	14.61%
EPS Growth	-67.36%	18.91%	52.27%	-6.38%	11.90%	15.60%	19.78%	21.33%	15.38%	12.07%
Operating Cash Flow Growth	-19.42%	21.70%	-3.83%	-10.69%	49.56%	-6.71%	36.62%	4.02%	56.29%	7.90%
Free Cash Flow Firm Growth	-7,125.79%	-808.65%	127.64%	-294.41%	-86.27%	1,908.47%	-187.64%	-92.51%	939.66%	-77.90%
Invested Capital Growth	209.74%	17.90%	17.27%	10.95%	10.99%	1.60%	15.22%	9.49%	-0.99%	11.09%
Revenue Q/Q Growth	7.90%	2.09%	3.84%	2.96%	0.83%	0.44%	0.42%	1.95%	1.83%	0.99%
EBITDA Q/Q Growth	-37.29%	0.88%	0.00%	-7.50%	1.48%	-2.03%	-3.28%	3.13%	1.64%	-2.20%
EBIT Q/Q Growth	-50.37%	0.45%	-0.68%	-10.48%	1.68%	-2.09%	-4.41%	3.85%	2.51%	-1.82%
NOPAT Q/Q Growth	-53.04%	-3.72%	-0.37%	-6.92%	-6.55%	-15.40%	8.07%	6.68%	0.94%	1.72%
Net Income Q/Q Growth	-65.52%	-1.01%	-1.75%	-11.85%	1.37%	-0.25%	-8.64%	12.34%	3.14%	-1.67%
EPS Q/Q Growth	-67.09%	-1.24%	-2.43%	-11.41%	2.17%	-0.79%	-9.17%	13.75%	2.74%	-2.99%
Operating Cash Flow Q/Q Growth	-24.77%	24.47%	14.39%	-10.17%	12.47%	7.44%	2.72%	0.03%	31.07%	1.09%
Free Cash Flow Firm Q/Q Growth	-3,350.73%	46.10%	104.65%	-171.22%	-87.30%	57.62%	-112.67%	1,174.77%	206.18%	-160.34%
Invested Capital Q/Q Growth	158.93%	-12.63%	-11.99%	-3.38%	-7.88%	-14.76%	-10.86%	-16.97%	-18.25%	-13.46%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	10.06%	14.03%	15.82%	14.42%	14.37%	13.17%	14.29%	11.66%	12.77%	13.06%
EBITDA Margin	7.73%	14.06%	12.92%	11.22%	13.65%	12.76%	11.95%	12.17%	11.96%	11.93%
Operating Margin	4.06%	10.38%	11.92%	6.58%	9.59%	8.49%	10.04%	7.77%	8.23%	8.73%
EBIT Margin	5.08%	11.78%	10.59%	8.77%	11.25%	10.40%	9.38%	9.47%	9.20%	8.89%
Profit (Net Income) Margin	2.26%	7.60%	7.46%	6.42%	8.12%	7.46%	6.68%	5.89%	5.01%	4.55%
Tax Burden Percent	70.99%	72.74%	74.47%	76.21%	75.66%	76.13%	77.12%	67.78%	59.79%	58.98%
Interest Burden Percent	62.71%	88.70%	94.62%	96.01%	95.41%	94.16%	92.32%	91.76%	91.04%	86.66%
Effective Tax Rate	29.01%	27.26%	25.53%	23.79%	24.29%	23.51%	22.88%	31.33%	39.40%	39.47%
Return on Invested Capital (ROIC)	2.63%	13.37%	16.40%	8.28%	11.62%	10.87%	13.59%	9.78%	8.90%	9.27%
ROIC Less NNEP Spread (ROIC-NNEP)	1.03%	13.90%	-19.83%	-36.25%	1.03%	-4.42%	40.00%	-2.51%	5.66%	-30.91%
Return on Net Nonoperating Assets (RNNOA)	0.57%	2.70%	-1.54%	1.79%	-0.12%	0.42%	-2.64%	0.19%	-0.08%	-1.03%
Return on Equity (ROE)	3.19%	16.07%	14.86%	10.08%	11.50%	11.29%	10.95%	9.97%	8.83%	8.24%
Cash Return on Invested Capital (CROIC)	-99.75%	-3.06%	0.51%	-2.10%	1.20%	9.28%	-0.55%	0.71%	9.89%	-1.23%
Operating Return on Assets (OROA)	2.83%	9.56%	8.53%	6.17%	7.44%	7.64%	7.33%	7.06%	6.96%	6.72%
Return on Assets (ROA)	1.26%	6.17%	6.01%	4.51%	5.37%	5.47%	5.22%	4.39%	3.79%	3.43%
Return on Common Equity (ROCE)	3.19%	16.07%	14.86%	10.08%	11.50%	11.29%	10.95%	9.97%	8.83%	8.24%
Return on Equity Simple (ROE_SIMPLE)	2.31%	15.28%	14.77%	10.06%	11.14%	10.73%	10.37%	9.49%	8.35%	7.97%
Net Operating Profit after Tax (NOPAT)	52	120	125	55	70	62	71	46	40	40
NOPAT Margin	2.89%	7.55%	8.88%	5.01%	7.26%	6.49%	7.74%	5.34%	4.98%	5.28%
Net Nonoperating Expense Percent (NNEP)	1.60%	-0.53%	36.23%	44.53%	10.59%	15.29%	-26.41%	12.28%	3.24%	40.18%
Return On Investment Capital (ROIC_SIMPLE)	1.61%	10.27%	12.03%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	89.94%	85.97%	84.18%	85.58%	85.63%	86.83%	85.71%	88.34%	87.23%	86.94%
SG&A Expenses to Revenue	6.00%	3.64%	3.90%	5.08%	4.78%	4.68%	4.25%	3.89%	4.54%	4.33%
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	6.00%	3.64%	3.90%	7.84%	4.78%	4.68%	4.25%	3.89%	4.54%	4.33%
Earnings before Interest and Taxes (EBIT)	92	187	150	97	108	99	86	81	74	67
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	140	224	182	124	132	121	110	104	96	90
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.31	3.94	3.34	2.89	2.07	2.25	1.84	1.60	1.53	1.20
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	324.14	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	2.26	1.96	1.69	1.84	1.51	1.56	1.19	0.99	0.92	0.69
Price to Earnings (P/E)	100.07	26.18	22.60	28.75	18.53	20.93	17.76	16.82	18.34	15.12
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	1.00%	3.82%	4.42%	3.48%	5.40%	4.78%	5.63%	5.94%	5.45%	6.62%
Enterprise Value to Invested Capital (EV/IC)	1.77	3.39	3.04	2.90	2.18	2.44	1.89	1.65	1.57	1.19
Enterprise Value to Revenue (EV/Rev)	2.95	2.07	1.77	1.84	1.44	1.47	1.15	0.94	0.88	0.72
Enterprise Value to EBITDA (EV/EBITDA)	38.12	14.75	13.74	16.43	10.51	11.51	9.64	7.73	7.32	6.01
Enterprise Value to EBIT (EV/EBIT)	58.00	17.60	16.76	21.03	12.75	14.11	12.28	9.93	9.52	8.06
Enterprise Value to NOPAT (EV/NOPAT)	102.17	27.46	19.99	36.78	19.76	22.61	14.88	17.63	17.57	13.56
Enterprise Value to Operating Cash Flow (EV/OCF)	43.23	21.50	19.87	15.53	9.42	14.18	10.09	10.44	9.46	11.35
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	645.56	0.00	191.51	26.46	0.00	242.37	15.80	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.82	0.48	0.46	0.27	0.18	0.18	0.27	0.36	0.44	0.51
Long-Term Debt to Equity	0.75	0.39	0.37	0.22	0.15	0.16	0.23	0.34	0.40	0.48
Financial Leverage	0.55	0.19	0.08	-0.05	-0.11	-0.10	-0.07	-0.08	-0.01	0.03
Leverage Ratio	2.53	2.61	2.47	2.23	2.14	2.06	2.10	2.27	2.33	2.40
Compound Leverage Factor	1.59	2.31	2.34	2.14	2.04	1.94	1.94	2.08	2.12	2.08
Debt to Total Capital	45.20%	32.36%	31.56%	21.21%	15.44%	15.58%	21.02%	26.73%	30.48%	33.89%
Short-Term Debt to Total Capital	3.92%	5.66%	6.07%	3.84%	2.44%	2.07%	3.00%	2.09%	2.52%	1.99%
Long-Term Debt to Total Capital	41.28%	26.69%	25.49%	17.37%	13.00%	13.51%	18.03%	24.64%	27.97%	31.91%
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	54.80%	67.64%	68.44%	78.79%	84.56%	84.42%	78.98%	73.27%	69.52%	66.11%
Debt to EBITDA	10.47	1.69	1.80	1.53	0.97	1.01	1.43	1.86	2.20	2.45
Net Debt to EBITDA	8.84	0.81	0.68	-0.01	-0.51	-0.73	-0.28	-0.41	-0.36	0.25
Long-Term Debt to EBITDA	9.56	1.40	1.46	1.25	0.82	0.87	1.23	1.72	2.02	2.31
Debt to NOPAT	28.06	3.15	2.62	3.42	1.83	1.98	2.21	4.24	5.28	5.53
Net Debt to NOPAT	23.69	1.51	0.99	-0.01	-0.97	-1.43	-0.44	-0.94	-0.86	0.56
Long-Term Debt to NOPAT	25.62	2.60	2.12	2.80	1.54	1.71	1.90	3.91	4.84	5.21
Altman Z-Score	1.70	3.22	2.82	2.76	2.51	2.66	2.72	2.27	2.10	2.00
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	1.18	1.20	1.11	1.07	1.15	1.25	1.32	1.34	1.30	1.37
Quick Ratio	0.78	0.76	0.66	0.58	0.58	0.61	0.65	0.56	0.53	0.57
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-1,988	-28	3.88	-14	7.22	53	-2.91	3.32	44	-5.28
Operating Cash Flow to CapEx	957.81%	665.92%	1,459.69%	1,459.86%	1,268.53%	707.74%	719.69%	647.80%	1,788.48%	641.22%
Free Cash Flow to Firm to Interest Expense	-57.82	-1.37	0.48	-3.63	1.45	9.13	-0.44	0.50	6.72	-0.59
Operating Cash Flow to Interest Expense	3.60	7.63	15.69	33.91	29.47	17.03	15.84	11.54	11.23	5.32
Operating Cash Flow Less CapEx to Interest Expense	3.22	6.48	14.62	31.58	27.15	14.62	13.64	9.76	10.61	4.49
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.56	0.81	0.81	0.70	0.66	0.73	0.78	0.75	0.76	0.76
Accounts Receivable Turnover	3.96	4.45	4.90	4.82	4.40	4.42	4.66	4.70	4.86	5.06
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	24.98	31.14	31.87	26.07	23.87	25.77	30.59	37.57	40.38	38.84
Accounts Payable Turnover	18.80	16.73	16.23	14.56	12.45	12.95	14.37	15.56	17.16	18.04
Days Sales Outstanding (DSO)	92.08	81.97	74.53	75.70	82.97	82.61	78.30	77.59	75.06	72.15
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)	19.41	21.82	22.49	25.07	29.33	28.18	25.40	23.46	21.27	20.24
Cash Conversion Cycle (CCC)	72.67	60.15	52.04	50.64	53.64	54.44	52.90	54.13	53.79	51.91
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	3,013	973	825	703	634	571	562	488	446	450
Invested Capital Turnover	0.91	1.77	1.85	1.65	1.60	1.67	1.76	1.83	1.79	1.75
Increase / (Decrease) in Invested Capital	2,040	148	121	69	63	8.98	74	42	-4.45	45
Enterprise Value (EV)	5,347	3,301	2,506	2,037	1,383	1,392	1,062	805	700	538
Market Capitalization	4,107	3,120	2,382	2,038	1,451	1,480	1,093	847	735	516
Book Value per Share	$35.47	$15.88	$14.04	$13.53	$12.88	$12.01	$10.70	$9.68	$8.95	$8.18
Tangible Book Value per Share	($23.22)	($4.35)	($4.69)	($2.62)	($0.99)	$0.08	($0.78)	($1.50)	($1.95)	($2.06)
Total Capital	3,248	1,170	1,042	894	831	781	752	725	691	647
Total Debt	1,468	379	329	190	128	122	158	194	211	219
Total Long-Term Debt	1,341	312	266	155	108	106	136	179	193	207
Net Debt	1,240	181	124	-0.62	-68	-88	-31	-43	-34	22
Capital Expenditures (CapEx)	13	23	8.64	8.98	12	14	15	12	4.14	7.39
Debt-free, Cash-free Net Working Capital (DFCFNWC)	29	-31	-85	-128	-118	-103	-65	-107	-125	-83
Debt-free Net Working Capital (DFNWC)	257	167	119	63	78	106	125	129	120	114
Net Working Capital (NWC)	130	101	56	28	58	90	102	114	102	101
Net Nonoperating Expense (NNE)	11	-0.77	20	-16	-8.29	-9.12	9.80	-4.74	-0.20	5.54
Net Nonoperating Obligations (NNO)	1,233	181	112	-1.07	-69	-88	-31	-43	-34	22
Total Depreciation and Amortization (D&A)	48	36	33	27	23	22	24	23	22	23
Debt-free, Cash-free Net Working Capital to Revenue	1.60%	-1.92%	-6.04%	-11.54%	-12.20%	-10.90%	-7.01%	-12.56%	-15.67%	-11.05%
Debt-free Net Working Capital to Revenue	14.19%	10.50%	8.45%	5.68%	8.14%	11.21%	13.53%	15.09%	14.94%	15.23%
Net Working Capital to Revenue	7.16%	6.33%	3.97%	2.57%	6.03%	9.50%	11.09%	13.32%	12.77%	13.52%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.78	$2.42	$2.05	$1.35	$1.44	$1.30	$1.13	$0.94	$0.77	$0.69
Adjusted Weighted Average Basic Shares Outstanding	52.38M	49.99M	51.50M	52.64M	54.29M	54.30M	54.56M	53.86M	52.32M	50.28M
Adjusted Diluted Earnings per Share	$0.78	$2.39	$2.01	$1.32	$1.41	$1.26	$1.09	$0.91	$0.75	$0.65
Adjusted Weighted Average Diluted Shares Outstanding	52.66M	50.56M	52.39M	53.72M	55.36M	55.90M	56.49M	55.69M	53.51M	52.69M
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	53.76M	50.02M	50.38M	52.18M	53.49M	55.31M	54.85M	55.01M	54.03M	52.55M
Normalized Net Operating Profit after Tax (NOPAT)	52	120	125	79	70	62	71	46	40	40
Normalized NOPAT Margin	2.89%	7.55%	8.88%	7.11%	7.26%	6.49%	7.74%	5.34%	4.98%	5.28%
Pre Tax Income Margin	3.19%	10.45%	10.02%	8.42%	10.74%	9.79%	8.66%	8.69%	8.38%	7.71%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.68	9.31	18.60	25.05	21.77	17.11	13.02	12.13	11.16	7.50
NOPAT to Interest Expense	1.52	5.97	15.59	14.32	14.05	10.68	10.74	6.84	6.05	4.45
EBIT Less CapEx to Interest Expense	2.31	8.17	17.52	22.72	19.45	14.71	10.81	10.35	10.54	6.67
NOPAT Less CapEx to Interest Expense	1.15	4.83	14.52	12.00	11.73	8.28	8.54	5.06	5.42	3.62
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	54.05%	116.31%	137.47%	72.15%	38.41%	28.40%	39.17%	22.82%	106.96%

This table displays calculated financial ratios and metrics derived from CBIZ's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	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	69.54%	40.52%	6.90%	5.40%	8.73%	11.02%	13.01%	10.10%	16.05%	21.50%	28.49%
EBITDA Growth	88.87%	-2,396.78%	5.38%	-18.07%	5.51%	35.95%	31.88%	-1.07%	28.72%	0.04%	26.51%
EBIT Growth	82.51%	-731.94%	5.46%	-22.61%	5.15%	6.14%	36.34%	-3.28%	31.13%	-8.17%	28.73%
NOPAT Growth	93.89%	-298.97%	-13.27%	-17.67%	1.73%	-37.72%	27.06%	-38.29%	12.72%	-5.56%	33.25%
Net Income Growth	59.69%	-612.28%	4.16%	-26.32%	5.09%	-10.78%	22.61%	-14.05%	25.86%	-19.52%	26.64%
EPS Growth	24.84%	-636.00%	4.48%	-26.42%	6.25%	-13.64%	26.42%	-11.67%	30.91%	-29.41%	29.27%
Operating Cash Flow Growth	-38.52%	-42.31%	58.87%	18.75%	-43.16%	45.68%	-12.76%	-6.50%	12.53%	31.60%	115.34%
Free Cash Flow Firm Growth	-3,502.11%	-1,170.74%	88.21%	69.28%	53.71%	-23.21%	23.46%	-101.00%	-59.02%	-64.12%	-980.91%
Invested Capital Growth	176.59%	209.74%	4.52%	7.51%	12.00%	17.90%	18.76%	25.34%	21.69%	17.27%	28.75%
Revenue Q/Q Growth	82.07%	4.87%	4.49%	-15.03%	50.91%	-20.22%	3.02%	-12.34%	54.08%	-18.78%	0.36%
EBITDA Q/Q Growth	356.49%	-232.60%	50.23%	-63.03%	3,490.60%	-105.60%	16.80%	-52.40%	2,158.40%	-111.52%	-12.39%
EBIT Q/Q Growth	286.23%	-290.13%	64.15%	-68.60%	948.91%	-124.10%	20.47%	-57.34%	857.71%	-135.01%	-14.53%
NOPAT Q/Q Growth	290.22%	-318.32%	54.19%	-69.72%	491.42%	-147.46%	46.37%	-62.58%	629.91%	-143.78%	-28.91%
Net Income Q/Q Growth	235.33%	-358.59%	77.25%	-74.26%	703.63%	-137.82%	25.38%	-63.28%	736.28%	-141.86%	-12.11%
EPS Q/Q Growth	203.80%	-362.86%	79.49%	-74.51%	712.00%	-137.31%	26.42%	-63.19%	754.55%	-141.51%	-11.67%
Operating Cash Flow Q/Q Growth	-258.97%	26.97%	-50.40%	238.35%	-166.20%	249.69%	-62.92%	266.79%	-167.37%	109.42%	-60.26%
Free Cash Flow Firm Q/Q Growth	7.10%	-13,044.42%	72.30%	-6.50%	66.91%	-21.97%	27.83%	-60.48%	12.78%	24.23%	-89.51%
Invested Capital Q/Q Growth	9.52%	158.93%	1.29%	-3.71%	22.85%	-12.63%	4.20%	0.30%	29.12%	-11.99%	9.97%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	27.22%	-13.45%	16.61%	12.77%	23.83%	-4.06%	16.66%	13.68%	24.99%	-2.55%	15.76%
EBITDA Margin	26.59%	-18.88%	14.93%	10.38%	23.87%	-1.06%	15.15%	13.36%	24.60%	-1.84%	12.98%
Operating Margin	23.87%	-23.17%	11.32%	7.52%	20.05%	-8.16%	13.46%	9.72%	21.56%	-6.58%	11.38%
EBIT Margin	23.64%	-23.11%	12.75%	8.11%	21.96%	-3.90%	12.92%	11.05%	22.70%	-4.62%	10.71%
Profit (Net Income) Margin	14.65%	-19.71%	7.99%	4.71%	15.55%	-3.89%	8.20%	6.74%	16.09%	-3.90%	7.56%
Tax Burden Percent	71.00%	72.36%	68.83%	70.21%	73.92%	66.79%	71.37%	69.58%	73.48%	69.89%	75.05%
Interest Burden Percent	87.30%	117.88%	91.12%	82.73%	95.84%	149.16%	88.98%	87.69%	96.47%	120.78%	94.08%
Effective Tax Rate	29.00%	0.00%	31.17%	29.79%	26.08%	0.00%	28.63%	30.42%	26.52%	0.00%	24.95%
Return on Invested Capital (ROIC)	16.28%	-14.76%	11.50%	7.87%	21.41%	-10.11%	14.60%	10.64%	24.08%	-8.51%	13.95%
ROIC Less NNEP Spread (ROIC-NNEP)	14.02%	-17.03%	11.83%	7.00%	22.58%	-6.03%	12.13%	10.60%	24.64%	-4.72%	9.77%
Return on Net Nonoperating Assets (RNNOA)	8.63%	-9.37%	3.66%	2.31%	8.53%	-1.17%	3.57%	2.62%	6.58%	-0.37%	1.12%
Return on Equity (ROE)	24.90%	-24.13%	15.17%	10.18%	29.94%	-11.29%	18.17%	13.26%	30.65%	-8.88%	15.07%
Cash Return on Invested Capital (CROIC)	-88.45%	-99.75%	5.37%	3.30%	-0.56%	-3.06%	-4.98%	-10.39%	-5.82%	0.51%	-10.02%
Operating Return on Assets (OROA)	15.03%	-12.86%	10.18%	6.31%	16.91%	-3.17%	10.14%	8.22%	16.82%	-3.72%	8.06%
Return on Assets (ROA)	9.32%	-10.97%	6.39%	3.66%	11.98%	-3.15%	6.44%	5.02%	11.93%	-3.14%	5.69%
Return on Common Equity (ROCE)	24.90%	-24.13%	15.17%	10.18%	29.94%	-11.29%	18.17%	13.26%	30.65%	-8.88%	15.07%
Return on Equity Simple (ROE_SIMPLE)	4.54%	0.00%	12.83%	13.19%	14.38%	0.00%	15.08%	14.95%	15.60%	0.00%	13.85%
Net Operating Profit after Tax (NOPAT)	142	-75	34	22	73	-19	39	27	72	-14	31
NOPAT Margin	16.95%	-16.22%	7.79%	5.28%	14.82%	-5.71%	9.61%	6.76%	15.84%	-4.61%	8.54%
Net Nonoperating Expense Percent (NNEP)	2.25%	2.27%	-0.33%	0.87%	-1.17%	-4.09%	2.47%	0.04%	-0.56%	-3.79%	4.18%
Return On Investment Capital (ROIC_SIMPLE)	4.07%	-2.30%	-	-	-	-1.60%	-	-	-	-1.30%	-
Cost of Revenue to Revenue	72.78%	113.45%	83.39%	87.23%	76.17%	104.06%	83.34%	86.32%	75.01%	102.55%	84.24%
SG&A Expenses to Revenue	3.35%	9.73%	5.29%	5.25%	3.79%	4.10%	3.20%	3.96%	3.43%	4.03%	4.38%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	3.35%	9.73%	5.29%	5.25%	3.79%	4.10%	3.20%	3.96%	3.43%	4.03%	4.38%
Earnings before Interest and Taxes (EBIT)	198	-106	56	34	109	-13	53	44	103	-14	39
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	223	-87	66	44	118	-3.48	62	53	112	-5.43	47
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.13	2.31	3.64	4.17	4.51	3.94	3.19	3.44	3.23	3.34	2.84
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)	1.89	2.26	2.01	2.25	2.40	1.96	1.66	1.77	1.69	1.69	1.62
Price to Earnings (P/E)	46.91	100.07	29.18	32.50	31.84	26.18	20.90	22.72	20.71	22.60	20.52
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	2.13%	1.00%	3.43%	3.08%	3.14%	3.82%	4.79%	4.40%	4.83%	4.42%	4.87%
Enterprise Value to Invested Capital (EV/IC)	1.66	1.77	3.10	3.46	3.55	3.39	2.59	2.78	2.62	3.04	2.52
Enterprise Value to Revenue (EV/Rev)	2.53	2.95	2.15	2.40	2.60	2.07	1.85	1.96	1.89	1.77	1.74
Enterprise Value to EBITDA (EV/EBITDA)	22.29	38.12	16.15	18.03	18.43	14.75	13.02	14.34	13.44	13.74	12.97
Enterprise Value to EBIT (EV/EBIT)	30.06	58.00	19.44	21.72	21.98	17.60	15.47	17.19	16.01	16.76	15.71
Enterprise Value to NOPAT (EV/NOPAT)	45.59	102.17	32.40	34.01	34.89	27.46	23.14	25.51	20.89	19.99	18.80
Enterprise Value to Operating Cash Flow (EV/OCF)	55.10	43.23	21.96	26.80	31.56	21.50	23.42	23.28	21.03	19.87	21.45
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	59.05	108.72	0.00	0.00	0.00	0.00	0.00	645.56	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.82	0.82	0.42	0.49	0.58	0.48	0.57	0.62	0.61	0.46	0.43
Long-Term Debt to Equity	0.76	0.75	0.36	0.43	0.50	0.39	0.49	0.53	0.52	0.37	0.35
Financial Leverage	0.62	0.55	0.31	0.33	0.38	0.19	0.29	0.25	0.27	0.08	0.11
Leverage Ratio	2.44	2.53	2.42	2.55	2.58	2.61	2.51	2.64	2.60	2.47	2.42
Compound Leverage Factor	2.13	2.99	2.21	2.11	2.48	3.89	2.23	2.31	2.51	2.99	2.27
Debt to Total Capital	45.14%	45.20%	29.70%	32.83%	36.68%	32.36%	36.45%	38.29%	37.79%	31.56%	30.04%
Short-Term Debt to Total Capital	3.24%	3.92%	4.14%	4.13%	4.71%	5.66%	5.50%	5.64%	5.25%	6.07%	5.54%
Long-Term Debt to Total Capital	41.90%	41.28%	25.56%	28.71%	31.97%	26.69%	30.95%	32.65%	32.54%	25.49%	24.50%
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	54.86%	54.80%	70.30%	67.17%	63.32%	67.64%	63.55%	61.71%	62.21%	68.44%	69.96%
Debt to EBITDA	6.43	10.47	1.75	1.98	2.18	1.69	2.10	2.33	2.26	1.80	1.82
Net Debt to EBITDA	5.65	8.84	1.05	1.17	1.42	0.81	1.36	1.42	1.41	0.68	0.91
Long-Term Debt to EBITDA	5.97	9.56	1.51	1.73	1.90	1.40	1.78	1.99	1.95	1.46	1.49
Debt to NOPAT	13.15	28.06	3.52	3.73	4.14	3.15	3.72	4.14	3.52	2.62	2.64
Net Debt to NOPAT	11.56	23.69	2.11	2.21	2.68	1.51	2.42	2.53	2.20	0.99	1.31
Long-Term Debt to NOPAT	12.21	25.62	3.03	3.26	3.60	2.60	3.16	3.53	3.03	2.12	2.15
Altman Z-Score	1.93	1.56	3.33	3.31	3.40	2.90	2.76	2.68	2.74	2.54	2.58
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	1.52	1.18	1.49	1.48	1.54	1.20	1.40	1.37	1.41	1.11	1.27
Quick Ratio	1.13	0.78	1.05	1.02	1.08	0.76	0.98	0.92	0.97	0.66	0.87
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-1,965	-2,115	-16	-58	-55	-166	-136	-189	-118	-135	-178
Operating Cash Flow to CapEx	-1,704.96%	1,701.10%	1,633.51%	4,760.21%	-1,244.29%	2,396.14%	376.59%	913.50%	-1,236.76%	2,530.56%	1,320.13%
Free Cash Flow to Firm to Interest Expense	-78.10	-111.21	-3.24	-9.87	-12.09	-32.58	-23.33	-34.16	-32.36	-47.73	-77.34
Operating Cash Flow to Interest Expense	-3.51	2.92	8.80	14.98	-14.13	18.84	4.71	13.42	-12.22	23.35	13.69
Operating Cash Flow Less CapEx to Interest Expense	-3.71	2.75	8.26	14.67	-15.26	18.06	3.46	11.95	-13.21	22.42	12.65
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.64	0.56	0.80	0.78	0.77	0.81	0.78	0.74	0.74	0.81	0.75
Accounts Receivable Turnover	3.48	3.96	3.57	3.54	3.44	4.45	3.60	3.49	3.65	4.90	3.93
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	28.75	24.98	30.29	30.72	31.09	31.14	30.94	31.30	32.73	31.87	30.90
Accounts Payable Turnover	19.01	18.80	17.28	12.10	15.93	16.73	17.17	10.26	16.19	16.23	15.11
Days Sales Outstanding (DSO)	104.87	92.08	102.33	103.18	105.96	81.97	101.26	104.67	100.05	74.53	92.99
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)	19.20	19.41	21.12	30.16	22.92	21.82	21.25	35.58	22.55	22.49	24.15
Cash Conversion Cycle (CCC)	85.66	72.67	81.21	73.02	83.04	60.15	80.00	69.09	77.50	52.04	68.84
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	3,300	3,013	1,164	1,149	1,193	973	1,113	1,068	1,065	825	937
Invested Capital Turnover	0.96	0.91	1.48	1.49	1.44	1.77	1.52	1.57	1.52	1.85	1.63
Increase / (Decrease) in Invested Capital	2,107	2,040	50	80	128	148	176	216	190	121	209
Enterprise Value (EV)	5,463	5,347	3,611	3,972	4,238	3,301	2,888	2,965	2,787	2,506	2,365
Market Capitalization	4,078	4,107	3,375	3,713	3,913	3,120	2,586	2,671	2,493	2,382	2,200
Book Value per Share	$35.62	$35.47	$18.50	$17.79	$17.33	$15.88	$16.27	$15.48	$15.32	$14.04	$15.05
Tangible Book Value per Share	($18.45)	($23.22)	($2.04)	($2.87)	($3.42)	($4.35)	($4.09)	($4.76)	($4.64)	($4.69)	($3.56)
Total Capital	3,490	3,248	1,320	1,327	1,369	1,170	1,275	1,258	1,241	1,042	1,107
Total Debt	1,575	1,468	392	436	502	379	465	482	469	329	332
Total Long-Term Debt	1,463	1,341	337	381	438	312	395	411	404	266	271
Net Debt	1,385	1,240	236	259	326	181	303	294	293	124	165
Capital Expenditures (CapEx)	5.18	3.26	2.68	1.85	5.12	4.02	7.31	8.13	3.60	2.61	2.39
Debt-free, Cash-free Net Working Capital (DFCFNWC)	265	29	121	104	140	-31	99	69	78	-85	19
Debt-free Net Working Capital (DFNWC)	456	257	278	281	317	167	262	256	254	119	186
Net Working Capital (NWC)	343	130	223	226	252	101	191	185	189	56	124
Net Nonoperating Expense (NNE)	19	16	-0.88	2.39	-3.63	-5.98	5.75	0.08	-1.15	-2.09	3.57
Net Nonoperating Obligations (NNO)	1,385	1,233	236	257	326	181	303	292	293	112	163
Total Depreciation and Amortization (D&A)	25	19	9.59	9.54	9.47	9.30	9.13	9.21	8.63	8.19	8.24
Debt-free, Cash-free Net Working Capital to Revenue	12.29%	1.60%	7.21%	6.28%	8.60%	-1.92%	6.38%	4.55%	5.30%	-6.04%	1.38%
Debt-free Net Working Capital to Revenue	21.13%	14.19%	16.51%	17.00%	19.42%	10.50%	16.78%	16.95%	17.21%	8.45%	13.67%
Net Working Capital to Revenue	15.89%	7.16%	13.26%	13.69%	15.46%	6.33%	12.28%	12.25%	12.79%	3.97%	9.15%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.92	($1.85)	$0.70	$0.39	$1.54	($0.25)	$0.68	$0.54	$1.45	($0.20)	$0.53
Adjusted Weighted Average Basic Shares Outstanding	63.84M	52.38M	50.15M	50.11M	50.05M	49.99M	49.84M	49.96M	50.37M	51.50M	51.46M
Adjusted Diluted Earnings per Share	$1.91	($1.84)	$0.70	$0.39	$1.53	($0.25)	$0.67	$0.53	$1.44	($0.22)	$0.53
Adjusted Weighted Average Diluted Shares Outstanding	64.14M	52.66M	50.40M	50.28M	50.22M	50.56M	50.37M	50.39M	50.76M	52.39M	52.24M
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	54.40M	53.76M	50.19M	50.16M	50.11M	50.02M	49.84M	49.82M	50.13M	50.38M	50.83M
Normalized Net Operating Profit after Tax (NOPAT)	142	-75	34	22	73	-19	39	27	72	-14	31
Normalized NOPAT Margin	16.95%	-16.22%	7.79%	5.28%	14.82%	-5.71%	9.61%	6.76%	15.84%	-4.61%	8.54%
Pre Tax Income Margin	20.63%	-27.24%	11.61%	6.71%	21.04%	-5.82%	11.50%	9.69%	21.90%	-5.58%	10.08%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	7.87	-5.59	11.26	5.79	24.06	-2.50	9.07	7.96	28.35	-4.81	16.88
NOPAT to Interest Expense	5.65	-3.93	6.88	3.77	16.24	-3.66	6.74	4.87	19.78	-4.80	13.46
EBIT Less CapEx to Interest Expense	7.67	-5.76	10.72	5.48	22.92	-3.29	7.82	6.49	27.36	-5.74	15.84
NOPAT Less CapEx to Interest Expense	5.44	-4.10	6.35	3.45	15.10	-4.45	5.49	3.40	18.79	-5.72	12.43
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	6.42%	14.12%	36.57%	54.05%	93.53%	118.06%	113.90%	116.31%	73.18%

Frequently Asked Questions About CBIZ's Financials

When does CBIZ's fiscal year end?

According to the most recent income statement we have on file, CBIZ's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has CBIZ's net income changed over the last 9 years?

CBIZ's net income appears to be on an upward trend, with a most recent value of $41.04 million in 2024, rising from $34.11 million in 2015. The previous period was $120.97 million in 2023. Find out what analysts predict for CBIZ in the coming months.

What is CBIZ's operating income?

CBIZ's total operating income in 2024 was $73.72 million, based on the following breakdown:

Total Gross Profit: $182.47 million
Total Operating Expenses: $108.75 million

How has CBIZ revenue changed over the last 9 years?

Over the last 9 years, CBIZ's total revenue changed from $750.42 million in 2015 to $1.81 billion in 2024, a change of 141.7%.

How much debt does CBIZ have?

CBIZ's total liabilities were at $2.69 billion at the end of 2024, a 114.9% increase from 2023, and a 373.4% increase since 2015.

How much cash does CBIZ have?

In the past 9 years, CBIZ's cash and equivalents has ranged from $424 thousand in 2017 to $13.83 million in 2024, and is currently $13.83 million as of their latest financial filing in 2024.

How has CBIZ's book value per share changed over the last 9 years?

Over the last 9 years, CBIZ's book value per share changed from 8.18 in 2015 to 35.47 in 2024, a change of 333.3%.

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This page (NYSE:CBZ) was last updated on 5/28/2025 by MarketBeat.com Staff

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CBIZ (CBZ) Financials

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