CBZ (CBIZ, Inc.) Stock Financials & Earnings | Market Cap Arena

CBZ (CBIZ, Inc.) Stock Financials & Earnings | Market Cap Arena

CBZCBIZ, Inc.

Mkt Cap$1B

Industrials·Specialty Business Services·🇺🇸 United States·NYSE

Revenue (TTM)$2.8B

Net Income (TTM)$115M

EPS (TTM)$1.81

Free Cash Flow (TTM)$174M

Gross Margin12.9%

Op. Margin8.5%

Net Margin4.2%

FCF Margin6.3%

P/S Ratio (TTM)0.5x

P/E Ratio (TTM)12.6x

YoY Rev Growth+52.1%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$455M	$114M	$98M
Q2 23	$399M	$55M	$39M
Q3 23	$411M	$68M	$55M
Q4 23	$328M	-$13M	-$27M
Q1 24	$494M	$118M	$99M
Q2 24	$420M	$54M	$32M
Q3 24	$439M	$73M	$50M
Q4 24	$460M	-$62M	-$107M
Q1 25	$838M	$228M	$200M
Q2 25	$683M	$88M	$60M
Q3 25	$694M	$90M	$59M
Q4 25	$543M	-$51M	-$85M

Valuation

Quarter	P/S	P/E
Q1 23	1.0x	12.1x
Q2 23	1.0x	12.6x
Q3 23	0.9x	11.9x
Q4 23	0.9x	12.0x
Q1 24	0.9x	11.7x
Q2 24	0.9x	12.4x
Q3 24	0.9x	12.2x
Q4 24	0.8x	35.5x
Q1 25	0.7x	16.8x
Q2 25	0.6x	13.4x
Q3 25	0.5x	14.0x
Q4 25	0.5x	12.6x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	-$45M	-$48M
Q2 23	$74M	$66M
Q3 23	$28M	$20M
Q4 23	$96M	$92M
Q1 24	-$64M	-$69M
Q2 24	$88M	$86M
Q3 24	$44M	$41M
Q4 24	$56M	$52M
Q1 25	-$88M	-$93M
Q2 25	$113M	$105M
Q3 25	$24M	$37M
Q4 25	$144M	$125M

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$4M
Q2 23	$8M
Q3 23	$7M
Q4 23	$4M
Q1 24	$5M
Q2 24	$2M
Q3 24	$3M
Q4 24	$3M
Q1 25	$5M
Q2 25	$8M
Q3 25	$13M
Q4 25	$18M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	+16.1%	+16.3%
Q2 23	+10.1%	+19.7%
Q3 23	+13.0%	+10.4%
Q4 23	+11.0%	+12.7%
Q1 24	+8.7%	+10.8%
Q2 24	+5.4%	+8.0%
Q3 24	+6.9%	+9.5%
Q4 24	+40.5%	+60.0%
Q1 25	+69.5%	+61.4%
Q2 25	+62.7%	+60.5%
Q3 25	+58.1%	+63.1%
Q4 25	+17.9%	+10.7%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$4M	0.8%
Q2 23	$3M	0.7%
Q3 23	$3M	0.8%
Q4 23	$3M	0.8%
Q1 24	$3M	0.5%
Q2 24	$2M	0.6%
Q3 24	$2M	0.6%
Q4 24	$6M	1.4%
Q1 25	$6M	0.7%
Q2 25	$7M	1.0%
Q3 25	$7M	1.1%
Q4 25	$6M	1.2%

OpEx Breakdown

Quarter	G&A
Q1 23	$16M
Q2 23	$16M
Q3 23	$13M
Q4 23	$13M
Q1 24	$19M
Q2 24	$22M
Q3 24	$23M
Q4 24	$45M
Q1 25	$28M
Q2 25	$28M
Q3 25	$31M
Q4 25	$34M

Revenue Segments

Quarter	Benefits And Insurance Services	Financial Services	National Practices
Q1 23	$100M	$343M	$11M
Q2 23	$96M	$291M	$12M
Q1 25	$113M	$714M	$11M
Q2 25	$102M	$570M	$12M
Q3 25	$103M	$579M	$12M
Q4 25	$91M	$439M	$12M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$27M	$0	$27M
Q2 23	$56M	$0	$56M
Q3 23	$40M	$0	$40M
Q4 23	$38M	$0	$38M
Q1 24	$29M	$0	$29M
Q2 24	$46M	$0	$46M
Q3 24	$1M	$0	$1M
Q4 24	$14M	$0	$14M
Q1 25	$9M	$0	$9M
Q2 25	$40M	$0	$40M
Q3 25	$17M	$0	$17M
Q4 25	$18M	$0	$18M

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	51M	+0.4%
Q2 23	50M	-0.7%
Q3 23	50M	-0.0%
Q4 23	50M	-1.1%
Q1 24	50M	+0.9%
Q2 24	50M	+0.1%
Q3 24	50M	+0.2%
Q4 24	59M	+17.4%
Q1 25	64M	+8.4%
Q2 25	64M	-0.6%
Q3 25	64M	-0.3%
Q4 25	63M	-0.6%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 14	$171K	4K
FY 15	$171K	4K
FY 16	$174K	5K
FY 17	$186K	5K
FY 18	$192K	5K
FY 19	$198K	5K
FY 20	$201K	5K
FY 21	$184K	6K
FY 22	$217K	7K
FY 23	$237K	7K
FY 24	$181K	10K
FY 25	$290K	10K