Cbiz IncCbiz Inc
Cbiz Inc

Cbiz Inc

CBZ
Industrials·Professional Services

CBIZ, Inc. is a professional services advisor to middle market businesses and organizations nationwide. It offers its services in accounting, tax, advisory, benefits, insurance, and technology. The firm delivers forward-thinking insights and actionable solutions to help clients anticipate what's next and discover new ways to accelerate growth. It operates through the following segments: Financial Services, Benefits and Insurance Services, and National Practices. The Financial Services segment offers accounting, tax, government health care consulting, financial advisory, valuation, and risk advisory services. The Benefits and Insurance Services segment includes group health benefits consulting, property and casualty brokerage, retirement plan services, and payroll. The National Practices segment deals with managed networking and hardware, and healthcare consulting. The company was founded by Michael G. DeGroote Sr. in 1987 and is headquartered in Independence, OH.

Ohio; U.S.A
Market cap
No dataNo data
Revenue
$2.8B+52.1% YoY
Net income
$115.4M+181.3% YoY
Free cash flow
$175.5M+58.4% YoY

Market

Listed stock
CBZPriceNYSE
Loading…Loading…1Y

Financial performance

Revenue
$2.8B+52.1% YoY
Operating income
$234M+217.4% YoY
Net income
$115.4M+181.3% YoY
Free cash flow
$175.5M+58.4% YoY

Revenue, profit & cash trend

Revenue
Operating income
Net income
Free cash flow
Reference
Revenue: 2021 $1.1B, 2022 $1.4B, 2023 $1.6B, 2024 $1.8B, 2025 $2.8B. Operating income: 2021 $72.7M, 2022 $168.3M, 2023 $165.2M, 2024 $73.7M, 2025 $234M. Net income: 2021 $70.9M, 2022 $105.4M, 2023 $121M, 2024 $41M, 2025 $115.4M. Free cash flow: 2021 $122.2M, 2022 $117.5M, 2023 $130.5M, 2024 $110.8M, 2025 $175.5M. Reference line: Reference at $0.

Growth & profitability

Revenue growth
52.1%+3811 bps YoY
Gross margin
No dataNo data
Operating margin
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FCF margin
No dataNo data

Earnings power over time

Operating income
Net income
Free cash flow
Operating income: 2021-12-31 $72.7M, 2022-12-31 $168.3M, 2023-12-31 $165.2M, 2024-12-31 $73.7M, 2025-12-31 $234M. Net income: 2021-12-31 $70.9M, 2022-12-31 $105.4M, 2023-12-31 $121M, 2024-12-31 $41M, 2025-12-31 $115.4M. Free cash flow: 2021-12-31 $122.2M, 2022-12-31 $117.5M, 2023-12-31 $130.5M, 2024-12-31 $110.8M, 2025-12-31 $175.5M

Growth heatmap

2022202320242025CAGR
Revenue
+27.8%
+12.7%
+14.0%
+52.1%
+25.7%
Gross profit
+40.2%
-0.1%
-18.3%
+94.8%
+22.2%
Operating income
+131.6%
-1.8%
-55.4%
+217.4%
+34.0%
Free cash flow
-3.8%
+11.0%
-15.1%
+58.4%
+9.5%

Earnings quality

Operating cash flow
$192.5M+55.6% YoY
Net income
$115.4M+181.3% YoY
Free cash flow
$175.5M+58.4% YoY
Diluted EPS
No dataNo data

Cash conversion quality

Operating cash flow
Free cash flow
Net income = 100%
Operating cash flow: 2025-12-31 167%, 2024-12-31 301%, 2023-12-31 127%, 2022-12-31 120%, 2021-12-31 185%. Free cash flow: 2025-12-31 152%, 2024-12-31 270%, 2023-12-31 108%, 2022-12-31 112%, 2021-12-31 172%. Reference line: Net income = 100% at 100%.

Per-share economics

Diluted EPS
Latest
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FCF / share
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Diluted shares
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Financial flexibility

Cash & equivalents
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Total debt
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Net debt
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Current ratio
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Cash Coverage of Debt

Cash / Total debt
No data

Returns

Return on equity
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Return on assets
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Return on invested capital
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Asset turnover
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Return on capital

No data

Valuation

Price to earnings
No dataNo data
Price to sales
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EV / EBITDA
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Free cash flow yield
No dataNo data

Valuation vs its own 5Y history

Metric
Own five-year range
Current
Own 5Y median
Position in own range
Price to earnings
No data
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Price to sales
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EV / EBITDA
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Free cash flow yield
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