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CBIZ, Inc.

CBIZ, Inc.

NYSE•CBZ
CEO: Mr. Jerome P. Grisko Jr.
Sector: Industrials
Industry: Specialty Business Services
Listing Date: 1995-04-27
CBIZ, Inc. provides financial, insurance, and advisory services in the United States and Canada. It operates through Financial Services, Benefits and Insurance Services, and National Practices segments. The Financial Services segment offers accounting and tax, financial advisory, valuation, risk and advisory, and government healthcare consulting services. The Benefits and Insurance Services provides employee benefits consulting, payroll/human capital management, property and casualty insurance, and retirement and investment services. The National Practices segment offers information technology managed networking and hardware, and health care consulting services. The company primarily serves small and medium-sized businesses, as well as individuals, governmental entities, and not-for-profit enterprises. CBIZ, Inc. was incorporated in 1987 and is headquartered in Independence, Ohio.
Contact Information
5959 Rockside Woods Blvd. North, Suite 600, Independence, OH, 44131, United States
216-447-9000
www.cbiz.com
Market Cap
$3.00B
P/E (TTM)
33.6
33.7
Dividend Yield
--
52W High
$90.13
52W Low
$50.51
52W Range
12%
6.5
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Strong • 6.5 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024

Financial Dashboard

Q3 2025 Data

Revenue

$693.82M+58.09%
4-Quarter Trend

EPS

$0.48-31.43%
4-Quarter Trend

FCF

$37.09M-9.65%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Revenue Soars Post Acquisition Nine months revenue reached $2.22B, marking 63.7% growth, largely driven by newly acquired operations from the Transaction.
Net Income Significantly Rises Nine months net income totaled $194.9M, showing strong profitability improvement compared to $131.8M reported previously.
Diluted EPS Shows Strength Diluted earnings per share increased to $3.06 for the nine months ended September 30, 2025, up from $2.62.
Capital Returned to Stockholders Deployed $127.8M for share repurchases during the nine months, including $102.8M under the ROFR Agreement.

Risk Factors

Interest Expense Skyrockets Nine months interest expense surged to $81.0M from $15.4M due to higher debt balances from the 2024 Credit Facilities.
Integration Costs Remain High Reported $43.3M in integration costs during the nine months related to the Marcum Transaction, impacting near-term results.
Demand Softness Expected Management anticipates continued softness in demand for nonrecurring project-based services due to economic uncertainty.
Cyberattack Litigation Exposure Facing multiple class action lawsuits regarding the MOVEit cyberattack; ultimate outcome and potential losses remain indeterminable.

Outlook

Capital Focus on Debt Reduction Priority for capital use is maximizing cash flow to fund growth and aggressively pay down $1.59B outstanding debt.
Ongoing Acquisition Integration Currently integrating control processes and information systems related to the Marcum acquisition into the existing environment.
Share Repurchase Authorization Board authorized up to 5 million share repurchases through March 31, 2026, viewing stock investment as prudent.
Financial Covenants Compliance Company remains in compliance with all financial covenants under the 2024 Credit Facilities as of September 30, 2025.

Peer Comparison

Revenue (TTM)

ABM Industries IncorporatedABM
$8.63B
+4.3%
TriNet Group, Inc.TNET
$5.07B
+2.0%
Matson, Inc.MATX
$3.46B
+8.8%

Gross Margin (Latest Quarter)

McGrath RentCorpMGRC
46.5%
+0.0 pp
Standex International CorporationSXI
41.6%
+0.5 pp
UniFirst CorporationUNF
37.8%
+7.6 pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
EXPO$3.64B35.124.8%14.5%
CAAP$3.60B25.310.2%26.5%
MATX$3.18B6.518.9%14.8%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
+14.7%
Steady Growth
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
75%
Volatile Cash Flow

Research & Insights

Reports
All Years

  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Oct 30, 2025|
    Revenue: $693.82M+58.1%
    |
    EPS: $0.48-31.4%
    Miss

  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Jul 31, 2025|
    Revenue: $683.50M+62.7%
    |
    EPS: $0.66+65.0%
    Miss

  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: Apr 25, 2025|
    Revenue: $838.01M+69.5%
    |
    EPS: $1.92+24.7%
    Miss

  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Feb 28, 2025|
    Revenue: $1.81B+14.0%
    |
    EPS: $0.78-67.8%
    Beat

  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Nov 7, 2024|
    Revenue: $438.88M+6.9%
    |
    EPS: $0.70+2.9%
    Miss

  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 1, 2024|
    Revenue: $420.01M+5.4%
    |
    EPS: $0.40-25.9%
    Miss

  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: Apr 25, 2024|
    Revenue: $494.30M+8.7%
    |
    EPS: $1.54+6.2%
    Meet

  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Feb 23, 2024|
    Revenue: $1.59B+12.7%
    |
    EPS: $2.42+18.0%
    Meet