Saturday 17 October 2026 Export CBZ’s income statement to Excel — free account

CBIZ, Inc.

CBZ Industrials Specialty Business Services

CBIZ, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.8 billion, up 52.1% from fiscal 2024. In the quarter to June 2026, revenue was flat, EPS fell 53.0%, free cash flow grew 32.1% and total debt fell 6.10%, each against the same quarter a year earlier. Revenue growth for ten consecutive years; insiders bought in the last twelve months.

54.78 0.05 +0.09%

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Market cap: $3.0B
P/E: 25.6×
Fwd P/E: 12.1×
Dividend yield: —
F-score: 8/9
Altman Z: 1.89
Beneish M: −2.53
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 0.46

Total sells 0.88

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	1	—	—	—	2	—	—	—	—	—	—	—
Sell	—	1	—	—	1	—	—	—	—	—	—	—

Insider Ownership 17.66%

Capital & Financial Ratios $m

Market Cap 3,010.00

Revenue 2,767.27

Net Income 122.12

Free Cash Flow 274.26

Net Debt 1,389.19

Current Ratio 1.47

Debt/Equity 0.78

P/E ratio 25.60

Fwd P/E 12.10

P/S ratio 1.18

P/B ratio 1.75

Past 5Y EPS Growth 5.35%

This Y EPS Growth 15.42%

Next Y EPS Growth 7.54%

Next Y revenue growth 2.36%

Next 5Y EPS Growth 11.60%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 75.01%

10-year low 10-year high

P/S against its own 10 years 31.07%

10-year low 10-year high

P/B against its own 10 years 29.93%

10-year low 10-year high

EV/Sales against its own 10 years 52.23%

10-year low 10-year high

EV/FCF against its own 10 years 46.11%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2023	Powerpack
2022	Powerpack
2021	Powerpack
2020	Powerpack
2019	Powerpack
2017	Powerpack

special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	38	52	57	71
Receivables	380	535	556	712
Inventory	—	—	—	—
Other	194	248	287	222
	613	836	899	1,004

	2023	2024	2025	Q'26
Payables	83	91	91	116
ST’ Debt	—	66	66	84
Other	257	316	305	240
	512	706	736	684

Compound Annual Growth %

	10y	5y	3y
Sales	13.90%	23.40%	25.00%
Cash Flow	15.05%	5.56%	15.13%
Earnings	12.97%	8.07%	3.10%
Book Value	15.20%	20.19%	35.17%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	849	682	—	—	—
’25	838	683	694	543	2,758
’24	494	420	439	460	1,813
’23	455	399	411	328	1,591
’22	392	362	363	295	1,412
’21	301	279	283	243	1,105
’20	277	237	238	211	964

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(26)	148	—	—	—
’25	(88)	113	24	144	192
’24	(64)	88	44	56	124
’23	(45)	74	28	96	154
’22	(51)	79	32	66	126
’21	(15)	81	15	50	131
’20	(19)	74	26	65	147

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(29)	139	—	—	—
’25	(93)	105	22	142	176
’24	(69)	86	41	52	111
’23	(48)	66	20	92	130
’22	(52)	77	29	63	117
’21	(16)	79	11	48	122
’20	(21)	72	22	63	135

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	2.63	0.31	—	—	—
’25	1.91	0.66	0.48	(1.28)	1.83
’24	1.53	0.39	0.70	(1.53)	0.78
’23	1.44	0.53	0.67	(0.26)	2.39
’22	1.10	0.60	0.53	(0.23)	2.01
’21	0.92	0.16	0.41	(0.19)	1.32
’20	0.66	0.39	0.36	0.00	1.41

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	9.30	12.70	15.40	19.02	16.85	25.25	35.46	45.22	60.59	47.89	Analyst estimates 2026–2028 Powerpack
	High	14.05	17.25	24.38	28.33	28.73	40.62	51.67	63.12	86.36	90.13
People
People	Employees	4,600	4,600	4,800	4,800	4,800	6,000	6,500	6,700	10,000	9,500
	Revenue/emp, $m	0.17	0.19	0.19	0.20	0.20	0.18	0.22	0.24	0.18	0.29
Income, $m
Income, $m	Revenue	800	855	922	948	964	1,105	1,412	1,591	1,813	2,758
	Gross margin, %	12.77	11.66	14.29	13.17	14.37	14.42	15.82	14.03	10.06	12.89
	EBT	67	74	80	93	103	93	141	166	58	161
	EBT margin, %	8.38	8.69	8.66	9.79	10.74	8.42	10.02	10.45	3.19	5.83
	Net income	40	50	62	71	78	71	105	121	41	115
	Depreciation	22	23	24	22	23	27	33	37	49	104
Per share, $
Per share, $	Revenue	15.29	15.88	16.90	17.47	17.76	20.99	27.42	31.83	34.62	43.84
	Earnings	0.75	0.91	1.09	1.26	1.41	1.32	2.01	2.39	0.78	1.83
	Cash flow	1.42	1.43	1.93	1.81	2.70	2.49	2.45	3.07	2.36	3.06
	Capex	(0.08)	(0.22)	(0.27)	(0.26)	(0.21)	(0.17)	(0.17)	(0.46)	(0.25)	(0.27)
	Free cash flow	1.34	1.21	1.66	1.55	2.49	2.32	2.28	2.61	2.12	2.79
	Book value	9.17	9.86	10.88	12.14	12.94	13.39	13.85	15.84	33.99	28.01
	Shares, m	52	54	55	54	54	53	52	50	52	63
Valuation, ×
Valuation, ×	P/E	18.09	17.44	18.07	21.23	18.87	30.09	23.32	26.00	75.07	28.50
	P/S	0.90	0.99	1.17	1.54	1.50	1.86	1.70	1.94	2.36	1.15
	P/B	1.50	1.59	1.81	2.22	2.06	2.92	3.37	3.91	2.41	1.80
	EV/Sales	1.12	1.18	1.30	1.65	1.61	2.00	1.89	2.14	3.11	1.66
	EV/FCF	12.82	15.45	13.21	18.59	11.48	18.11	22.71	26.08	50.85	26.05
Cash, $m
Cash, $m	Operating cash flow	74	77	105	98	147	131	126	154	124	192
	Capex	(4)	(12)	(15)	(14)	(12)	(9)	(9)	(23)	(13)	(17)
	Free cash flow	70	65	91	84	135	122	117	130	111	176
Balance, $m
Balance, $m	Working capital	102	114	102	90	58	28	56	101	130	164
	Total debt	193	180	134	133	137	186	300	311	1,400	1,456
	Net debt	161	146	106	103	109	153	266	272	1,347	1,399
	Shareholders’ equity	480	531	594	659	703	705	713	792	1,780	1,762
Returns, %
Returns, %	ROA	3.79	4.39	5.22	5.47	5.37	4.51	6.01	6.17	1.26	2.60
	ROIC	6.41	6.13	8.27	6.60	7.13	5.29	10.74	9.71	1.47	4.63
	ROE	8.83	9.97	10.95	11.29	11.50	10.08	14.86	16.07	3.19	6.52

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
AMTM Amentum Holdings, Inc.	$4.7B	23.5×	21.9×	−1.99% (below 0%: shrinking)	+575.00% (above 0%: growing)	+35.00% (above 0%: growing)	10.32%	4.93%	Compare
UNF Unifirst Corporation	$4.6B	39.7×	39.4×	+3.87% (above 0%: growing)	−48.20% (below 0%: shrinking)	−21.68% (below 0%: shrinking)	37.00%	3.63%	Compare
AZZ AZZ Inc.	$3.9B	23.2×	22.1×	+16.68% (above 0%: growing)	−34.39% (below 0%: shrinking)	+115.52% (above 0%: growing)	25.08%	17.21%	Compare
FA First Advantage Corporation	$3.5B	132×	67.8×	+14.88% (above 0%: growing)	+5,455.56% (above 0%: growing)	+120.17% (above 0%: growing)	45.46%	12.71%	Compare
MMS Maximus, Inc.	$3.2B	9.0×	8.1×	−5.15% (below 0%: shrinking)	+4.81% (above 0%: growing)	+30.90% (above 0%: growing)	27.27%	12.62%	Compare
CBZ CBIZ, Inc.	$3.0B	25.6×	12.1×	−0.19% (below 0%: shrinking)	−53.03% (below 0%: shrinking)	+32.13% (above 0%: growing)	10.62%	4.99%
ABM ABM Industries Incorporated	$3.0B	18.4×	12.2×	+4.19% (above 0%: growing)	+25.37% (above 0%: growing)	−13.91% (below 0%: shrinking)	12.35%	3.95%	Compare
TIC Acuren Corporation	$1.9B	— (loss-making)	— (loss-making)	+86.14% (above 0%: growing)	n/m	−102.16% (below 0%: shrinking)	34.94%	1.86%	Compare
CMPR Cimpress plc	$1.9B	19.5×	18.4×	+8.68% (above 0%: growing)	n/m	−0.56% (below 0%: shrinking)	45.50%	6.86%	Compare
Median of peers	$3.3B	23.2×	21.9×	+6.44%	+15.09%	+15.17%	31.11%	5.89%

All 44 Specialty Business Services stocks →

CBIZ, Inc. (CBZ) key facts

Strength: CBIZ, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.8 billion, up 52.1% from fiscal 2024.
CBIZ, Inc. (CBZ) is a Specialty Business Services company in the Industrials sector, listed on the New York Stock Exchange.
As of October 16, 2026, CBZ traded at $54.78, a market capitalization of $3.0 billion.
Return on equity was 6.52% and debt-to-equity 0.78.
Its Piotroski F-score is 8 out of 9 and its Altman Z-score is 1.89 (grey zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.