CBIZ (CBZ) Financials

$70.93 -1.06 (-1.48%)

Closing price 05/6/2025 03:59 PM Eastern

Extended Trading

$70.90 -0.03 (-0.04%)

As of 08:00 AM 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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
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
Net Income / (Loss) Attributable to Common Shareholders	34	40	50	62	71	78	71	105	119	41
Consolidated Net Income / (Loss)	34	40	50	62	71	78	71	105	121	41
Net Income / (Loss) Continuing Operations	35	41	51	62	71	78	71	105	121	41
Total Pre-Tax Income	58	67	74	80	93	103	93	141	166	58
Total Operating Income	66	66	66	93	81	92	73	168	165	74
Total Gross Profit	98	102	100	132	125	139	159	223	223	182
Total Revenue	750	800	855	922	948	964	1,105	1,412	1,591	1,813
Operating Revenue	750	800	855	922	948	964	1,105	1,412	1,591	1,813
Total Cost of Revenue	652	698	756	790	823	825	946	1,189	1,368	1,631
Operating Cost of Revenue	652	698	756	790	823	825	946	1,189	1,368	1,631
Total Operating Expenses	33	36	33	39	44	46	87	55	58	109
Selling, General & Admin Expense	33	36	33	39	44	46	56	55	58	109
Total Other Income / (Expense), net	-7.67	1.22	7.86	-13	12	11	20	-27	2.13	-16
Interest Expense	8.90	6.59	6.68	6.65	5.77	4.98	3.87	8.04	20	34
Other Income / (Expense), net	1.23	7.81	15	-6.06	18	16	24	-19	22	18
Income Tax Expense	23	26	23	18	22	25	22	36	45	17
Basic Earnings per Share	$0.69	$0.77	$0.94	$1.13	$1.30	$1.44	$1.35	$2.05	$2.42	$0.78
Weighted Average Basic Shares Outstanding	50.28M	52.32M	53.86M	54.56M	54.30M	54.29M	52.64M	51.50M	49.99M	52.38M
Diluted Earnings per Share	$0.65	$0.75	$0.91	$1.09	$1.26	$1.41	$1.32	$2.01	$2.39	$0.78
Weighted Average Diluted Shares Outstanding	52.69M	53.51M	55.69M	56.49M	55.90M	55.36M	53.72M	52.39M	50.56M	52.66M
Weighted Average Basic & Diluted Shares Outstanding	49.40M	52M	53.60M	54.50M	55.31M	53.49M	52.18M	50.38M	50.02M	53.76M

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

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Income / (Loss) Attributable to Common Shareholders	27	-11	73	28	34	-16	77	20	35	-91	123
Consolidated Net Income / (Loss)	27	-11	73	27	34	-13	77	20	35	-91	123
Net Income / (Loss) Continuing Operations	27	-11	73	27	34	-13	77	20	35	-91	123
Total Pre-Tax Income	37	-16	100	39	47	-19	104	28	51	-125	173
Total Operating Income	41	-19	98	39	55	-27	99	32	50	-107	200
Total Gross Profit	57	-7.52	114	55	68	-13	118	54	73	-62	228
Total Revenue	363	295	455	399	411	328	494	420	439	460	838
Operating Revenue	363	295	455	399	411	328	494	420	439	460	838
Total Cost of Revenue	306	303	341	344	342	341	376	366	366	522	610
Operating Cost of Revenue	306	303	341	344	342	341	376	366	366	522	610
Total Operating Expenses	16	12	16	16	13	13	19	22	23	45	28
Selling, General & Admin Expense	16	12	16	16	13	13	19	22	23	45	28
Total Other Income / (Expense), net	-4.75	2.96	1.57	-0.23	-8.06	8.84	4.91	-3.40	1.29	-19	-27
Interest Expense	2.31	2.83	3.64	5.53	5.85	5.11	4.51	5.88	4.97	19	25
Other Income / (Expense), net	-2.45	5.79	5.21	5.31	-2.21	14	9.42	2.48	6.25	0.31	-1.97
Income Tax Expense	9.13	-4.95	26	12	14	-6.33	27	8.40	16	-35	50
Basic Earnings per Share	$0.53	($0.20)	$1.45	$0.54	$0.68	($0.25)	$1.54	$0.39	$0.70	($1.85)	$1.92
Weighted Average Basic Shares Outstanding	51.46M	51.50M	50.37M	49.96M	49.84M	49.99M	50.05M	50.11M	50.15M	52.38M	63.84M
Diluted Earnings per Share	$0.53	($0.22)	$1.44	$0.53	$0.67	($0.25)	$1.53	$0.39	$0.70	($1.84)	$1.91
Weighted Average Diluted Shares Outstanding	52.24M	52.39M	50.76M	50.39M	50.37M	50.56M	50.22M	50.28M	50.40M	52.66M	64.14M
Weighted Average Basic & Diluted Shares Outstanding	50.83M	50.38M	50.13M	49.82M	49.84M	50.02M	50.11M	50.16M	50.19M	53.76M	54.40M

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

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	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Change in Cash & Equivalents	-60	39	-29	15	-24	35	-21	0.51	-21	72	-38
Net Cash From Operating Activities	32	66	-45	74	28	96	-64	88	44	56	-88
Net Cash From Continuing Operating Activities	32	66	-45	74	28	96	-64	88	44	56	-88
Net Income / (Loss) Continuing Operations	27	-11	73	27	34	-13	77	20	35	-91	123
Consolidated Net Income / (Loss)	27	-11	73	27	34	-13	77	20	35	-91	123
Depreciation Expense	8.24	8.19	8.63	9.21	9.13	9.30	9.47	9.54	9.59	19	25
Non-Cash Adjustments To Reconcile Net Income	5.42	2.48	4.19	3.13	3.23	3.11	3.19	3.07	-1.68	8.12	6.06
Changes in Operating Assets and Liabilities, net	-9.58	67	-130	35	-19	97	-153	56	0.74	119	-242
Net Cash From Investing Activities	-5.79	-3.57	-46	-20	-11	-2.76	-29	-4.55	8.34	-1,104	-4.96
Net Cash From Continuing Investing Activities	-5.79	-3.57	-46	-20	-11	-2.76	-29	-4.55	8.34	-1,104	-4.96
Purchase of Property, Plant & Equipment	-2.39	-2.61	-3.60	-8.13	-7.31	-4.02	-5.12	-1.85	-2.68	-3.26	-5.18
Acquisitions	-6.82	0.15	-39	-9.58	-4.48	-	-21	-1.16	-0.44	-1,065	0.00
Purchase of Investments	-1.50	-	0.00	-	-2.47	-12	-4.44	-7.66	-4.00	-7.11	-8.30
Divestitures	2.72	0.12	0.12	0.13	1.45	1.36	0.00	-	9.88	-2.75	0.29
Sale and/or Maturity of Investments	3.00	0.90	0.50	2.69	3.63	12	5.45	6.97	2.74	6.77	8.41
Other Investing Activities, net	-0.80	-2.12	-3.86	-4.83	-1.83	-0.11	-3.25	-0.85	2.83	-33	-0.18
Net Cash From Financing Activities	-86	-23	62	-40	-40	-59	71	-83	-73	1,121	55
Net Cash From Continuing Financing Activities	-86	-23	62	-40	-40	-59	71	-83	-73	1,121	55
Repayment of Debt	-203	-175	-211	-306	-329	-331	-256	-295	-243	-606	-358
Issuance of Debt	208	169	349	313	314	249	381	239	199	1,669	486
Other Financing Activities, net	-59	39	-56	-18	-15	31	-54	-26	-29	58	-72

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

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

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

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

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

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	28.49%	21.50%	16.05%	10.10%	13.01%	11.02%	8.73%	5.40%	6.90%	40.52%	69.54%
EBITDA Growth	26.51%	0.04%	28.72%	-1.07%	31.88%	35.95%	5.51%	-18.07%	5.38%	-2,396.78%	88.87%
EBIT Growth	28.73%	-8.17%	31.13%	-3.28%	36.34%	6.14%	5.15%	-22.61%	5.46%	-731.94%	82.51%
NOPAT Growth	33.25%	-5.56%	12.72%	-38.29%	27.06%	-37.72%	1.73%	-17.67%	-13.27%	-298.97%	93.89%
Net Income Growth	26.64%	-19.52%	25.86%	-14.05%	22.61%	-10.78%	5.09%	-26.32%	4.16%	-612.28%	59.69%
EPS Growth	29.27%	-29.41%	30.91%	-11.67%	26.42%	-13.64%	6.25%	-26.42%	4.48%	-636.00%	24.84%
Operating Cash Flow Growth	115.34%	31.60%	12.53%	-6.50%	-12.76%	45.68%	-43.16%	18.75%	58.87%	-42.31%	-38.52%
Free Cash Flow Firm Growth	-980.91%	-64.12%	-59.02%	-101.00%	23.46%	-23.21%	53.71%	69.28%	88.21%	-1,170.74%	-3,502.11%
Invested Capital Growth	28.75%	17.27%	21.69%	25.34%	18.76%	17.90%	12.00%	7.51%	4.52%	209.74%	176.59%
Revenue Q/Q Growth	0.36%	-18.78%	54.08%	-12.34%	3.02%	-20.22%	50.91%	-15.03%	4.49%	4.87%	82.07%
EBITDA Q/Q Growth	-12.39%	-111.52%	2,158.40%	-52.40%	16.80%	-105.60%	3,490.60%	-63.03%	50.23%	-232.60%	356.49%
EBIT Q/Q Growth	-14.53%	-135.01%	857.71%	-57.34%	20.47%	-124.10%	948.91%	-68.60%	64.15%	-290.13%	286.23%
NOPAT Q/Q Growth	-28.91%	-143.78%	629.91%	-62.58%	46.37%	-147.46%	491.42%	-69.72%	54.19%	-318.32%	290.22%
Net Income Q/Q Growth	-12.11%	-141.86%	736.28%	-63.28%	25.38%	-137.82%	703.63%	-74.26%	77.25%	-358.59%	235.33%
EPS Q/Q Growth	-11.67%	-141.51%	754.55%	-63.19%	26.42%	-137.31%	712.00%	-74.51%	79.49%	-362.86%	203.80%
Operating Cash Flow Q/Q Growth	-60.26%	109.42%	-167.37%	266.79%	-62.92%	249.69%	-166.20%	238.35%	-50.40%	26.97%	-258.97%
Free Cash Flow Firm Q/Q Growth	-89.51%	24.23%	12.78%	-60.48%	27.83%	-21.97%	66.91%	-6.50%	72.30%	-13,044.42%	7.10%
Invested Capital Q/Q Growth	9.97%	-11.99%	29.12%	0.30%	4.20%	-12.63%	22.85%	-3.71%	1.29%	158.93%	9.52%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	15.76%	-2.55%	24.99%	13.68%	16.66%	-4.06%	23.83%	12.77%	16.61%	-13.45%	27.22%
EBITDA Margin	12.98%	-1.84%	24.60%	13.36%	15.15%	-1.06%	23.87%	10.38%	14.93%	-18.88%	26.59%
Operating Margin	11.38%	-6.58%	21.56%	9.72%	13.46%	-8.16%	20.05%	7.52%	11.32%	-23.17%	23.87%
EBIT Margin	10.71%	-4.62%	22.70%	11.05%	12.92%	-3.90%	21.96%	8.11%	12.75%	-23.11%	23.64%
Profit (Net Income) Margin	7.56%	-3.90%	16.09%	6.74%	8.20%	-3.89%	15.55%	4.71%	7.99%	-19.71%	14.65%
Tax Burden Percent	75.05%	69.89%	73.48%	69.58%	71.37%	66.79%	73.92%	70.21%	68.83%	72.36%	71.00%
Interest Burden Percent	94.08%	120.78%	96.47%	87.69%	88.98%	149.16%	95.84%	82.73%	91.12%	117.88%	87.30%
Effective Tax Rate	24.95%	0.00%	26.52%	30.42%	28.63%	0.00%	26.08%	29.79%	31.17%	0.00%	29.00%
Return on Invested Capital (ROIC)	13.95%	-8.51%	24.08%	10.64%	14.60%	-10.11%	21.41%	7.87%	11.50%	-14.76%	16.28%
ROIC Less NNEP Spread (ROIC-NNEP)	9.77%	-4.72%	24.64%	10.60%	12.13%	-6.03%	22.58%	7.00%	11.83%	-17.03%	14.02%
Return on Net Nonoperating Assets (RNNOA)	1.12%	-0.37%	6.58%	2.62%	3.57%	-1.17%	8.53%	2.31%	3.66%	-9.37%	8.63%
Return on Equity (ROE)	15.07%	-8.88%	30.65%	13.26%	18.17%	-11.29%	29.94%	10.18%	15.17%	-24.13%	24.90%
Cash Return on Invested Capital (CROIC)	-10.02%	0.51%	-5.82%	-10.39%	-4.98%	-3.06%	-0.56%	3.30%	5.37%	-99.75%	-88.45%
Operating Return on Assets (OROA)	8.06%	-3.72%	16.82%	8.22%	10.14%	-3.17%	16.91%	6.31%	10.18%	-12.86%	15.03%
Return on Assets (ROA)	5.69%	-3.14%	11.93%	5.02%	6.44%	-3.15%	11.98%	3.66%	6.39%	-10.97%	9.32%
Return on Common Equity (ROCE)	15.07%	-8.88%	30.65%	13.26%	18.17%	-11.29%	29.94%	10.18%	15.17%	-24.13%	24.90%
Return on Equity Simple (ROE_SIMPLE)	13.85%	0.00%	15.60%	14.95%	15.08%	0.00%	14.38%	13.19%	12.83%	0.00%	4.54%
Net Operating Profit after Tax (NOPAT)	31	-14	72	27	39	-19	73	22	34	-75	142
NOPAT Margin	8.54%	-4.61%	15.84%	6.76%	9.61%	-5.71%	14.82%	5.28%	7.79%	-16.22%	16.95%
Net Nonoperating Expense Percent (NNEP)	4.18%	-3.79%	-0.56%	0.04%	2.47%	-4.09%	-1.17%	0.87%	-0.33%	2.27%	2.25%
Return On Investment Capital (ROIC_SIMPLE)	-	-1.30%	-	-	-	-1.60%	-	-	-	-2.30%	4.07%
Cost of Revenue to Revenue	84.24%	102.55%	75.01%	86.32%	83.34%	104.06%	76.17%	87.23%	83.39%	113.45%	72.78%
SG&A Expenses to Revenue	4.38%	4.03%	3.43%	3.96%	3.20%	4.10%	3.79%	5.25%	5.29%	9.73%	3.35%
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	4.38%	4.03%	3.43%	3.96%	3.20%	4.10%	3.79%	5.25%	5.29%	9.73%	3.35%
Earnings before Interest and Taxes (EBIT)	39	-14	103	44	53	-13	109	34	56	-106	198
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	47	-5.43	112	53	62	-3.48	118	44	66	-87	223
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.84	3.34	3.23	3.44	3.19	3.94	4.51	4.17	3.64	2.31	2.13
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)	1.62	1.69	1.69	1.77	1.66	1.96	2.40	2.25	2.01	2.26	1.89
Price to Earnings (P/E)	20.52	22.60	20.71	22.72	20.90	26.18	31.84	32.50	29.18	100.07	46.91
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	4.87%	4.42%	4.83%	4.40%	4.79%	3.82%	3.14%	3.08%	3.43%	1.00%	2.13%
Enterprise Value to Invested Capital (EV/IC)	2.52	3.04	2.62	2.78	2.59	3.39	3.55	3.46	3.10	1.77	1.66
Enterprise Value to Revenue (EV/Rev)	1.74	1.77	1.89	1.96	1.85	2.07	2.60	2.40	2.15	2.95	2.53
Enterprise Value to EBITDA (EV/EBITDA)	12.97	13.74	13.44	14.34	13.02	14.75	18.43	18.03	16.15	38.12	22.29
Enterprise Value to EBIT (EV/EBIT)	15.71	16.76	16.01	17.19	15.47	17.60	21.98	21.72	19.44	58.00	30.06
Enterprise Value to NOPAT (EV/NOPAT)	18.80	19.99	20.89	25.51	23.14	27.46	34.89	34.01	32.40	102.17	45.59
Enterprise Value to Operating Cash Flow (EV/OCF)	21.45	19.87	21.03	23.28	23.42	21.50	31.56	26.80	21.96	43.23	55.10
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	645.56	0.00	0.00	0.00	0.00	0.00	108.72	59.05	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.43	0.46	0.61	0.62	0.57	0.48	0.58	0.49	0.42	0.82	0.82
Long-Term Debt to Equity	0.35	0.37	0.52	0.53	0.49	0.39	0.50	0.43	0.36	0.75	0.76
Financial Leverage	0.11	0.08	0.27	0.25	0.29	0.19	0.38	0.33	0.31	0.55	0.62
Leverage Ratio	2.42	2.47	2.60	2.64	2.51	2.61	2.58	2.55	2.42	2.53	2.44
Compound Leverage Factor	2.27	2.99	2.51	2.31	2.23	3.89	2.48	2.11	2.21	2.99	2.13
Debt to Total Capital	30.04%	31.56%	37.79%	38.29%	36.45%	32.36%	36.68%	32.83%	29.70%	45.20%	45.14%
Short-Term Debt to Total Capital	5.54%	6.07%	5.25%	5.64%	5.50%	5.66%	4.71%	4.13%	4.14%	3.92%	3.24%
Long-Term Debt to Total Capital	24.50%	25.49%	32.54%	32.65%	30.95%	26.69%	31.97%	28.71%	25.56%	41.28%	41.90%
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	69.96%	68.44%	62.21%	61.71%	63.55%	67.64%	63.32%	67.17%	70.30%	54.80%	54.86%
Debt to EBITDA	1.82	1.80	2.26	2.33	2.10	1.69	2.18	1.98	1.75	10.47	6.43
Net Debt to EBITDA	0.91	0.68	1.41	1.42	1.36	0.81	1.42	1.17	1.05	8.84	5.65
Long-Term Debt to EBITDA	1.49	1.46	1.95	1.99	1.78	1.40	1.90	1.73	1.51	9.56	5.97
Debt to NOPAT	2.64	2.62	3.52	4.14	3.72	3.15	4.14	3.73	3.52	28.06	13.15
Net Debt to NOPAT	1.31	0.99	2.20	2.53	2.42	1.51	2.68	2.21	2.11	23.69	11.56
Long-Term Debt to NOPAT	2.15	2.12	3.03	3.53	3.16	2.60	3.60	3.26	3.03	25.62	12.21
Altman Z-Score	2.58	2.54	2.74	2.68	2.76	2.90	3.40	3.31	3.33	1.56	1.93
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	1.27	1.11	1.41	1.37	1.40	1.20	1.54	1.48	1.49	1.18	1.52
Quick Ratio	0.87	0.66	0.97	0.92	0.98	0.76	1.08	1.02	1.05	0.78	1.13
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-178	-135	-118	-189	-136	-166	-55	-58	-16	-2,115	-1,965
Operating Cash Flow to CapEx	1,320.13%	2,530.56%	-1,236.76%	913.50%	376.59%	2,396.14%	-1,244.29%	4,760.21%	1,633.51%	1,701.10%	-1,704.96%
Free Cash Flow to Firm to Interest Expense	-77.34	-47.73	-32.36	-34.16	-23.33	-32.58	-12.09	-9.87	-3.24	-111.21	-78.10
Operating Cash Flow to Interest Expense	13.69	23.35	-12.22	13.42	4.71	18.84	-14.13	14.98	8.80	2.92	-3.51
Operating Cash Flow Less CapEx to Interest Expense	12.65	22.42	-13.21	11.95	3.46	18.06	-15.26	14.67	8.26	2.75	-3.71
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.75	0.81	0.74	0.74	0.78	0.81	0.77	0.78	0.80	0.56	0.64
Accounts Receivable Turnover	3.93	4.90	3.65	3.49	3.60	4.45	3.44	3.54	3.57	3.96	3.48
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	30.90	31.87	32.73	31.30	30.94	31.14	31.09	30.72	30.29	24.98	28.75
Accounts Payable Turnover	15.11	16.23	16.19	10.26	17.17	16.73	15.93	12.10	17.28	18.80	19.01
Days Sales Outstanding (DSO)	92.99	74.53	100.05	104.67	101.26	81.97	105.96	103.18	102.33	92.08	104.87
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)	24.15	22.49	22.55	35.58	21.25	21.82	22.92	30.16	21.12	19.41	19.20
Cash Conversion Cycle (CCC)	68.84	52.04	77.50	69.09	80.00	60.15	83.04	73.02	81.21	72.67	85.66
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	937	825	1,065	1,068	1,113	973	1,193	1,149	1,164	3,013	3,300
Invested Capital Turnover	1.63	1.85	1.52	1.57	1.52	1.77	1.44	1.49	1.48	0.91	0.96
Increase / (Decrease) in Invested Capital	209	121	190	216	176	148	128	80	50	2,040	2,107
Enterprise Value (EV)	2,365	2,506	2,787	2,965	2,888	3,301	4,238	3,972	3,611	5,347	5,463
Market Capitalization	2,200	2,382	2,493	2,671	2,586	3,120	3,913	3,713	3,375	4,107	4,078
Book Value per Share	$15.05	$14.04	$15.32	$15.48	$16.27	$15.88	$17.33	$17.79	$18.50	$35.47	$35.62
Tangible Book Value per Share	($3.56)	($4.69)	($4.64)	($4.76)	($4.09)	($4.35)	($3.42)	($2.87)	($2.04)	($23.22)	($18.45)
Total Capital	1,107	1,042	1,241	1,258	1,275	1,170	1,369	1,327	1,320	3,248	3,490
Total Debt	332	329	469	482	465	379	502	436	392	1,468	1,575
Total Long-Term Debt	271	266	404	411	395	312	438	381	337	1,341	1,463
Net Debt	165	124	293	294	303	181	326	259	236	1,240	1,385
Capital Expenditures (CapEx)	2.39	2.61	3.60	8.13	7.31	4.02	5.12	1.85	2.68	3.26	5.18
Debt-free, Cash-free Net Working Capital (DFCFNWC)	19	-85	78	69	99	-31	140	104	121	29	265
Debt-free Net Working Capital (DFNWC)	186	119	254	256	262	167	317	281	278	257	456
Net Working Capital (NWC)	124	56	189	185	191	101	252	226	223	130	343
Net Nonoperating Expense (NNE)	3.57	-2.09	-1.15	0.08	5.75	-5.98	-3.63	2.39	-0.88	16	19
Net Nonoperating Obligations (NNO)	163	112	293	292	303	181	326	257	236	1,233	1,385
Total Depreciation and Amortization (D&A)	8.24	8.19	8.63	9.21	9.13	9.30	9.47	9.54	9.59	19	25
Debt-free, Cash-free Net Working Capital to Revenue	1.38%	-6.04%	5.30%	4.55%	6.38%	-1.92%	8.60%	6.28%	7.21%	1.60%	12.29%
Debt-free Net Working Capital to Revenue	13.67%	8.45%	17.21%	16.95%	16.78%	10.50%	19.42%	17.00%	16.51%	14.19%	21.13%
Net Working Capital to Revenue	9.15%	3.97%	12.79%	12.25%	12.28%	6.33%	15.46%	13.69%	13.26%	7.16%	15.89%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.53	($0.20)	$1.45	$0.54	$0.68	($0.25)	$1.54	$0.39	$0.70	($1.85)	$1.92
Adjusted Weighted Average Basic Shares Outstanding	51.46M	51.50M	50.37M	49.96M	49.84M	49.99M	50.05M	50.11M	50.15M	52.38M	63.84M
Adjusted Diluted Earnings per Share	$0.53	($0.22)	$1.44	$0.53	$0.67	($0.25)	$1.53	$0.39	$0.70	($1.84)	$1.91
Adjusted Weighted Average Diluted Shares Outstanding	52.24M	52.39M	50.76M	50.39M	50.37M	50.56M	50.22M	50.28M	50.40M	52.66M	64.14M
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	50.83M	50.38M	50.13M	49.82M	49.84M	50.02M	50.11M	50.16M	50.19M	53.76M	54.40M
Normalized Net Operating Profit after Tax (NOPAT)	31	-14	72	27	39	-19	73	22	34	-75	142
Normalized NOPAT Margin	8.54%	-4.61%	15.84%	6.76%	9.61%	-5.71%	14.82%	5.28%	7.79%	-16.22%	16.95%
Pre Tax Income Margin	10.08%	-5.58%	21.90%	9.69%	11.50%	-5.82%	21.04%	6.71%	11.61%	-27.24%	20.63%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	16.88	-4.81	28.35	7.96	9.07	-2.50	24.06	5.79	11.26	-5.59	7.87
NOPAT to Interest Expense	13.46	-4.80	19.78	4.87	6.74	-3.66	16.24	3.77	6.88	-3.93	5.65
EBIT Less CapEx to Interest Expense	15.84	-5.74	27.36	6.49	7.82	-3.29	22.92	5.48	10.72	-5.76	7.67
NOPAT Less CapEx to Interest Expense	12.43	-5.72	18.79	3.40	5.49	-4.45	15.10	3.45	6.35	-4.10	5.44
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	73.18%	116.31%	113.90%	118.06%	93.53%	54.05%	36.57%	14.12%	6.42%	0.00%	0.00%

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. See CBIZ's forecast for analyst expectations on what’s next for the company.

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 5/7/2025 by MarketBeat.com Staff

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CBIZ (CBZ) Financials

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