CBIZ, Inc. (CBZ) vs Maximus, Inc. (MMS)

CBIZ, Inc. and Maximus, Inc. are both Specialty Business Services companies. CBIZ, Inc. and Maximus, Inc. are of similar size ($3.0B and $2.8B). Maximus, Inc. trades at the lower P/E: 7.7× against 25.6×. CBIZ, Inc. grew revenue faster over the last twelve months: 14.3% against −3.32%. Maximus, Inc. has the higher net margin (7.07% vs 4.73%) and the higher return on invested capital (10.9% vs 3.92%). Across the 22 metrics below, Maximus, Inc. leads on 17 and CBIZ, Inc. on 5.

Valuation

Metric CBZ MMS Specialty Business Services median
P/E 25.55 7.71 23.86
P/S 1.18 0.53 1.06
P/B 1.74 1.60 2.37
Price to free cash flow 11.86 6.63 16.54
EV/EBITDA 15.21 6.08 11.51
EV/Sales 1.68 0.83 1.51
Earnings yield 3.91% 12.96% 2.14%
Free cash flow yield 8.43% 15.07% 1.55%

Profitability

Metric CBZ MMS Specialty Business Services median
Gross margin 12.21% 25.59% 35.31%
Operating margin 7.38% 11.03% 3.43%
Net margin 4.73% 7.07% 1.67%
Free cash flow margin 9.91% 8.25% 3.28%
Return on equity 6.97% 21.11% 0.58%
Return on assets 2.87% 8.40% 0.33%
Return on invested capital 3.92% 10.90% 0.65%

Growth

Metric CBZ MMS Specialty Business Services median
Revenue growth (TTM) 14.32% (3.32%) 6.04%
EPS growth (last fiscal year) 134.62% 10.42% —
Revenue growth, 5-year CAGR 23.40% 9.43% 7.66%
Net income growth, 5-year CAGR 8.07% 8.26% 0.00%

Health

Metric CBZ MMS Specialty Business Services median
Debt to equity 0.78 0.94 0.21
Current ratio 1.47 2.42 1.62
Net debt to EBITDA 4.14 1.67 1.16

Dividend

Metric CBZ MMS Specialty Business Services median
Dividend yield — 1.45% 1.61%
Payout ratio 0.00 0.40 0.00

Size

Metric CBZ MMS Specialty Business Services median
Market cap 3.00b 2.76b 879.14m

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