CBZ Financials Cbiz, Inc.

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Nov 1, 2026, 10:30 UTC Overview →

Growth & profitability

Revenue has grown 23.4% per year over the past 5 years.
Net income has grown slower than revenue (8.1% vs 23.4% per year).
Operating margin has contracted, at 8.5% in the latest year.
Free cash flow has grown 5.3% per year over the past 5 years.

Financial health

Total debt ($1.5B) exceeds cash ($18M); net debt is $1.4B.
Total debt has grown faster than revenue (68.5% vs 23.4% per year).
Operating income covered interest expense 2.2× in the latest year.
Total debt is 4.4× EBITDA.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
2025	$2.8B	$115M	12.9%	8.5%	6.6%	2.6%	$176M	$1.5B	$18M
2024	$1.8B	$41M	10.1%	4.1%	2.3%	0.9%	$111M	$1.4B	$14M
2023	$1.6B	$121M	14.0%	10.4%	15.3%	5.9%	$130M	$311M	$8M
2022	$1.4B	$105M	15.8%	11.9%	14.8%	5.6%	$117M	$264M	$5M
2021	$1.1B	$71M	14.4%	6.6%	10.1%	4.4%	$122M	$155M	$2M
2020	$964M	$78M	14.4%	9.6%	11.1%	5.2%	$135M	$107M	$5M
2019	$948M	$71M	13.2%	8.5%	10.7%	5.0%	$84M	$104M	$567000
2018	$922M	$62M	14.3%	10.0%	10.4%	5.2%	$91M	$134M	$640000
2017	$855M	$50M	11.7%	7.8%	9.5%	4.3%	$65M	$178M	$424000
2016	$800M	$40M	12.8%	8.2%	8.3%	3.6%	$70M	$190M	$3M
2015	—	$34M	—	—	8.0%	3.4%	$40M	$205M	$850000
2014	—	$30M	—	—	7.4%	3.0%	$39M	—	$979000
2013	—	$86M	—	—	22.9%	9.6%	-$8M	—	$771000
2012	—	$31M	—	—	10.5%	3.2%	$52M	—	$899000
2011	—	$28M	—	—	10.8%	3.4%	$54M	—	$2M

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
Sep '26	$702M	$37M	16.2%	10.8%	1.9%	0.8%	$15M	$1.4B	$18M
Jun '26	$682M	$19M	10.6%	5.0%	1.0%	0.4%	—	$1.5B	$21M
Mar '26	—	$153M	—	—	8.1%	—	—	—	—
Dec '25	$543M	-$79M	-9.4%	-15.7%	-4.5%	-1.8%	$142M	$1.5B	$18M
Sep '25	$694M	$30M	13.0%	8.5%	1.6%	0.7%	$22M	$1.6B	$17M
Jun '25	$683M	$42M	12.9%	8.8%	2.2%	0.9%	$105M	$1.6B	$40M
Mar '25	$838M	$123M	27.2%	23.9%	6.4%	2.7%	-$93M	$1.5B	$9M
Dec '24	$460M	-$91M	-13.4%	-23.2%	-5.1%	-2.0%	$52M	$1.4B	$14M
Sep '24	$439M	$35M	16.6%	11.3%	3.8%	1.6%	$41M	$336M	$1M
Jun '24	$420M	$20M	12.8%	7.5%	2.2%	0.9%	$86M	$380M	$1M
Mar '24	$494M	$77M	23.8%	20.0%	8.9%	3.5%	-$69M	$436M	$1M
Dec '23	$328M	-$13M	-4.1%	-8.2%	-1.6%	-0.6%	$92M	$311M	$8M
Sep '23	$411M	$34M	16.7%	13.5%	4.2%	1.6%	$20M	$393M	$1M
Jun '23	$399M	$27M	13.7%	9.7%	3.5%	1.3%	$66M	$409M	$4M
Mar '23	$455M	$73M	25.0%	21.6%	9.5%	3.6%	-$48M	$402M	$2M
Dec '22	$295M	-$11M	-2.5%	-6.6%	-1.6%	-0.6%	$63M	$264M	$5M
Sep '22	$363M	$27M	15.8%	11.4%	3.5%	1.4%	$29M	$269M	$2M
Jun '22	$362M	$31M	20.0%	16.9%	4.1%	1.6%	$77M	$264M	$4M
Mar '22	$392M	$58M	25.9%	21.7%	7.6%	3.0%	-$52M	$299M	$558000
Dec '21	$243M	-$10M	-1.5%	-7.6%	-1.4%	-0.6%	$48M	$155M	$2M

Valuation over time

How the market has priced CBZ against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

The price-to-earnings ratio has risen from 25.9× (Mar '23) to 26.3× (Oct '26).
The price-to-sales ratio has fallen from 1.9× (Mar '23) to 1.1× (Oct '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Frequently asked questions

Is CBZ growing its revenue and profit?

Over the past 5 years, Cbiz, Inc.'s revenue has grown 23.4% per year, and net income grown 8.1% per year. These are computed facts, not advice.

How much debt does CBZ have?

As of FY2025, Cbiz, Inc. reported $1.5B of total debt against $18M of cash; operating income covered interest expense 2.2×.

What is CBZ's profit margin?

In FY2025, gross margin was 12.9%, operating margin 8.5%, and net margin 4.2%.

What is CBZ's P/E ratio?

Cbiz, Inc.'s P/E (TTM) is 23.54 as of the 2026-10-30 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the CBZ stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 26.3× as of Oct '26) can differ. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.