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Stocks · Industrials · Services-Business Services, NEC

CBIZ, Inc.

CBZ Clue Score53
United States Fiscal year ends December CIK 0000944148
$54.82 +0.04% Close, 9 Oct 2026
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Price $54.82 +57.71% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue799.8Operating income65.8Net income40.1EPS, diluted0.75Fiscal year 2017Revenue855.3 +6.9%Operating income66.5Net income50.4 +25.7%EPS, diluted0.91 +21.3%Fiscal year 2018Revenue922.0 +7.8%Operating income92.5Net income61.6 +22.2%EPS, diluted1.09 +19.8%Fiscal year 2019Revenue948.4 +2.9%Operating income80.5Net income70.7 +14.9%EPS, diluted1.26 +15.6%Fiscal year 2020Revenue963.9 +1.6%Operating income92.5Net income78.3 +10.7%EPS, diluted1.41 +11.9%Fiscal year 2021Revenue1,104.9 +14.6%Operating income72.7Net income70.9 −9.5%EPS, diluted1.32 −6.4%Fiscal year 2022Revenue1,412.0 +27.8%Operating income168.3Net income105.4 +48.6%EPS, diluted2.01 +52.3%Fiscal year 2023Revenue1,591.2 +12.7%Operating income165.2Net income121.0 +14.8%EPS, diluted2.39 +18.9%Fiscal year 2024Revenue1,813.5 +14.0%Operating income73.7Net income41.0 −66.1%EPS, diluted0.78 −67.4%Fiscal year 2025Revenue2,758.0 +52.1%Operating income234.0Net income115.4 +181.3%EPS, diluted1.83 +134.6%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 799.8 855.3 922.0 948.4 963.9 1,104.9 1,412.0 1,591.2 1,813.5 2,758.0
Growth +6.9% +7.8% +2.9% +1.6% +14.6% +27.8% +12.7% +14.0% +52.1%
Operating income 65.8 66.5 92.5 80.5 92.5 72.7 168.3 165.2 73.7 234.0
Net income 40.1 50.4 61.6 70.7 78.3 70.9 105.4 121.0 41.0 115.4
Growth +25.7% +22.2% +14.9% +10.7% −9.5% +48.6% +14.8% −66.1% +181.3%
EPS, diluted 0.75 0.91 1.09 1.26 1.41 1.32 2.01 2.39 0.78 1.83
Growth +21.3% +19.8% +15.6% +11.9% −6.4% +52.3% +18.9% −67.4% +134.6%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin12.8%Operating margin8.2%Net margin5.0%Free cash flow margin8.7%Fiscal year 2017Gross margin11.7%Operating margin7.8%Net margin5.9%Free cash flow margin7.6%Fiscal year 2018Gross margin14.3%Operating margin10.0%Net margin6.7%Free cash flow margin9.8%Fiscal year 2019Gross margin13.2%Operating margin8.5%Net margin7.5%Free cash flow margin8.9%Fiscal year 2020Gross margin14.4%Operating margin9.6%Net margin8.1%Free cash flow margin14.0%Fiscal year 2021Gross margin14.4%Operating margin6.6%Net margin6.4%Free cash flow margin11.1%Fiscal year 2022Gross margin15.8%Operating margin11.9%Net margin7.5%Free cash flow margin8.3%Fiscal year 2023Gross margin14.0%Operating margin10.4%Net margin7.6%Free cash flow margin8.2%Fiscal year 2024Gross margin10.1%Operating margin4.1%Net margin2.3%Free cash flow margin6.1%Fiscal year 2025Gross margin12.9%Operating margin8.5%Net margin4.2%Free cash flow margin6.4%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 12.8% 11.7% 14.3% 13.2% 14.4% 14.4% 15.8% 14.0% 10.1% 12.9%
Operating margin 8.2% 7.8% 10.0% 8.5% 9.6% 6.6% 11.9% 10.4% 4.1% 8.5%
Net margin 5.0% 5.9% 6.7% 7.5% 8.1% 6.4% 7.5% 7.6% 2.3% 4.2%
Free cash flow margin 8.7% 7.6% 9.8% 8.9% 14.0% 11.1% 8.3% 8.2% 6.1% 6.4%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow74.1Capital expenditure−4.1Free cash flow69.9Buybacks−9.1Fiscal year 2017Operating cash flow77.0Capital expenditure−11.9Free cash flow65.1 −6.8%Buybacks−19.7Fiscal year 2018Operating cash flow105.2Capital expenditure−14.6Free cash flow90.6 +39.1%Buybacks−17.5Fiscal year 2019Operating cash flow98.2Capital expenditure−13.9Free cash flow84.3 −7.0%Buybacks−27.2Fiscal year 2020Operating cash flow146.8Capital expenditure−11.6Free cash flow135.3 +60.4%Buybacks−56.5Fiscal year 2021Operating cash flow131.2Capital expenditure−9.0Free cash flow122.2 −9.7%Buybacks−97.5Fiscal year 2022Operating cash flow126.1Capital expenditure−8.6Free cash flow117.5 −3.8%Buybacks−122.5Fiscal year 2023Operating cash flow153.5Capital expenditure−23.1Free cash flow130.5 +11.0%Buybacks−65.4Fiscal year 2024Operating cash flow123.7Capital expenditure−12.9Free cash flow110.8 −15.1%Buybacks0.0Fiscal year 2025Operating cash flow192.5Capital expenditure−17.0Free cash flow175.5 +58.4%Buybacks−160.1
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 74.1 77.0 105.2 98.2 146.8 131.2 126.1 153.5 123.7 192.5
Capital expenditure −4.1 −11.9 −14.6 −13.9 −11.6 −9.0 −8.6 −23.1 −12.9 −17.0
Free cash flow 69.9 65.1 90.6 84.3 135.3 122.2 117.5 130.5 110.8 175.5
Growth −6.8% +39.1% −7.0% +60.4% −9.7% −3.8% +11.0% −15.1% +58.4%
Buybacks −9.1 −19.7 −17.5 −27.2 −56.5 −97.5 −122.5 −65.4 0.0 −160.1

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash3.5Total debt190.0Net cash (debt)−186.6Shareholders’ equity480.0Debt to equity0.40Fiscal year 2017Cash0.4Total debt177.7Net cash (debt)−177.2Shareholders’ equity530.9Debt to equity0.33Fiscal year 2018Cash0.6Total debt134.0Net cash (debt)−133.3Shareholders’ equity593.7Debt to equity0.23Fiscal year 2019Cash0.6Total debt104.3Net cash (debt)−103.8Shareholders’ equity659.2Debt to equity0.16Fiscal year 2020Cash4.7Total debt107.2Net cash (debt)−102.5Shareholders’ equity702.6Debt to equity0.15Fiscal year 2021Cash2.0Total debt154.9Net cash (debt)−152.9Shareholders’ equity704.5Debt to equity0.22Fiscal year 2022Cash4.7Total debt263.7Net cash (debt)−259.0Shareholders’ equity713.5Debt to equity0.37Fiscal year 2023Cash8.1Total debt310.8Net cash (debt)−302.7Shareholders’ equity791.6Debt to equity0.39Fiscal year 2024Cash13.8Total debt1,399.9Net cash (debt)−1,386.1Shareholders’ equity1,780.0Debt to equity0.79Fiscal year 2025Cash18.3Total debt1,455.9Net cash (debt)−1,437.6Shareholders’ equity1,762.1Debt to equity0.83
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 3.5 0.4 0.6 0.6 4.7 2.0 4.7 8.1 13.8 18.3
Total debt 190.0 177.7 134.0 104.3 107.2 154.9 263.7 310.8 1,399.9 1,455.9
Net cash (debt) −186.6 −177.2 −133.3 −103.8 −102.5 −152.9 −259.0 −302.7 −1,386.1 −1,437.6
Shareholders’ equity 480.0 530.9 593.7 659.2 702.6 704.5 713.5 791.6 1,780.0 1,762.1
Debt to equity 0.40 0.33 0.23 0.16 0.15 0.22 0.37 0.39 0.79 0.83

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
799.8 855.3 922.0 948.4 963.9 1,104.9 1,412.0 1,591.2 1,813.5 2,758.0
Growth +6.9% +7.8% +2.9% +1.6% +14.6% +27.8% +12.7% +14.0% +52.1%
697.7 755.6 790.3 823.5 825.4 945.6 1,188.6 1,368.0 1,631.0 2,402.6
102.1 99.8 131.7 124.9 138.5 159.3 223.4 223.2 182.5 355.4
Growth −2.3% +32.0% −5.2% +10.9% +15.0% +40.2% −0.1% −18.3% +94.8%
36.3 33.3 39.2 44.4 46.1 56.2 55.0 58.0 108.8 121.4
65.8 66.5 92.5 80.5 92.5 72.7 168.3 165.2 73.7 234.0
Growth +1.0% +39.3% −13.0% +14.9% −21.4% +131.6% −1.8% −55.4% +217.4%
67.0 74.3 79.8 92.9 103.5 93.0 141.5 166.3 57.8 160.8
26.4 23.3 18.3 21.8 25.1 22.1 36.1 45.3 16.8 45.4
40.1 50.4 61.6 70.7 78.3 70.9 105.4 121.0 41.0 115.4
Growth +25.7% +22.2% +14.9% +10.7% −9.5% +48.6% +14.8% −66.1% +181.3%
Per share
0.77 0.94 1.13 1.30 1.44 1.35 2.05 2.42 0.78 1.84
0.75 0.91 1.09 1.26 1.41 1.32 2.01 2.39 0.78 1.83
Growth +21.3% +19.8% +15.6% +11.9% −6.4% +52.3% +18.9% −67.4% +134.6%
52.3 53.9 54.6 54.3 54.3 52.6 51.5 50.0 52.4 62.9
53.5 55.7 56.5 55.9 55.4 53.7 52.4 50.6 52.7 63.2
Growth +4.1% +1.4% −1.0% −1.0% −3.0% −2.5% −3.5% +4.2% +20.1%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 23.4% a year over five years, and earnings per share grew 5.4% a year.
  • The diluted share count rose 14.2% in five years, which is dilution.
  • Operating margin is down 1.1 points on five years ago, at 8.5%.
  • Profitable in every one of the 10 years on file.