CBZ FY 2024 Earnings Report — CBIZ, Inc. Revenue & Financial Results | Market Cap Arena

FY 2024 Earnings

Reported February 28, 2025

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2024	Prior Q	FY 2023	QoQ Change	YoY Change
Revenue	$1.8B	—	$1.6B	—	14.0%
Op. Income	$74M	—	$165M	—	-55.4%
Gross Margin	10.1%	—	14.0%	—	-4.0pp
Net Margin	2.3%	—	7.6%	—	-5.3pp
EPS (Diluted)	$0.78	—	$2.39	—	-67.4%
Free Cash Flow	$111M	—	$130M	—	-15.1%

Revenue Flow

Item	Amount
REVENUE	$1.8B
Cost of Revenue	$1.6B
GROSS PROFIT	$182M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$109M
SG&A Expenses	$109M
Other Expenses	$0
Operating Expenses	$109M
Cost & Expenses	$1.7B
OPERATING INCOME	$74M
Interest Income	$0
Interest Expense	$34M
Other Income/Expenses	-$16M
INCOME BEFORE TAX	$58M
Income Tax Expense	$17M
Net Income from Continuing Ops	$41M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$41M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$41M
D&A	$48M
EBIT	$92M
EBITDA	$140M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.8B
Cost of Revenue	$1.6B
GROSS PROFIT	$182M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$109M
SG&A Expenses	$109M
Other Expenses	$0
Operating Expenses	$109M
Cost & Expenses	$1.7B
OPERATING INCOME	$74M
Interest Income	$0
Interest Expense	$34M
Other Income/Expenses	-$16M
INCOME BEFORE TAX	$58M
Income Tax Expense	$17M
Net Income from Continuing Ops	$41M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$41M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$41M
D&A	$48M
EBIT	$92M
EBITDA	$140M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$41M
Depreciation & Amortization	$48M
Stock-Based Compensation	$14M
Deferred Income Tax	-$9M
Other Non-Cash Items	$6M
Change in Working Capital	$23M
OPERATING CASH FLOW	$124M
Capital Expenditure	-$13M
Acquisitions (Net)	-$1.1B
Purchases of Investments	-$23M
Sales/Maturities of Investments	$0
Other Investing Activities	-$26M
NET CASH FROM INVESTING	-$1.1B
Net Debt Issuance	$1.1B
Common Stock Repurchased	-$12M
Common Dividends Paid	$0
Other Financing Activities	-$61M
NET CASH FROM FINANCING	$1.0B
FREE CASH FLOW	$111M
Net Change in Cash	$30M

Balance Sheet

Item	Amount
Cash & Equivalents	$14M
Short-Term Investments	$0
Net Receivables	$539M
Inventory	$0
Other Current Assets	$283M
TOTAL CURRENT ASSETS	$836M
PP&E (Net)	$482M
Goodwill	$2.3B
Intangible Assets	$614M
Long-Term Investments	$3M
Tax Assets	$3M
Other Non-Current Assets	$386M
TOTAL NON-CURRENT ASSETS	$3.8B
TOTAL ASSETS	$4.5B
Account Payables	$91M
Short-Term Debt	$66M
Deferred Revenue	$0
Other Current Liabilities	$316M
TOTAL CURRENT LIABILITIES	$706M
Long-Term Debt	$1.3B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$11M
Other Non-Current Liabilities	$268M
TOTAL NON-CURRENT LIABILITIES	$2.0B
TOTAL LIABILITIES	$2.7B
Common Stock	$1M
Additional Paid-In Capital	$1.8B
Retained Earnings	$896M
Treasury Stock	-$911M
Accum. Other Comp. Income	$1M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.8B
Minority Interest	$0
TOTAL EQUITY	$1.8B
TOTAL LIABILITIES & EQUITY	$4.5B
Total Debt	$1.8B
Net Debt	$1.8B