CBIZ, Inc. (CBZ) Stock Analysis
Industrials · Specialty Business Services · NYSE
CBIZ, Inc. (CBZ) posted $2.76B in revenue for fiscal 2025 (up 52.1% year over year), at a 4.2% net margin, and has compounded revenue about 23.4%/yr over five years, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on CBIZ, Inc.
CBIZ, Inc. has grown revenue from $799.83M to $2.76B over the last 10 fiscal years, compounding about 23.4% a year. The most recent year was up 52.1%, so growth is actually accelerating.
Net margin sits at 4.2%, up 1.9 points year over year on a 12.9% gross margin. It carries about $1.46B of total debt.
At today's valuation the market is pricing in roughly -1.4% annual free-cash-flow growth — versus the 5.3% it actually delivered over the last five years, so the price is arguably undemanding against what it has already proven. The one thing worth a second look in the filings is heavy debt load.
Synthesised from CBIZ, Inc.'s SEC filings — descriptive, not advice. Ask the analyst your own question →
CBIZ, Inc. revenue & earnings — last 10 fiscal years
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $799.83M | $855.34M | $922.00M | $948.42M | $963.90M | $1.10B | $1.41B | $1.59B | $1.81B | $2.76B |
| Gross profit | $102.11M | $99.76M | $131.72M | $124.93M | $138.55M | $159.29M | $223.37M | $223.20M | $182.47M | $355.39M |
| Net income | $40.06M | $50.38M | $61.57M | $70.71M | $78.30M | $70.89M | $105.35M | $120.97M | $41.04M | $115.44M |
| Net margin | 5.0% | 5.9% | 6.7% | 7.5% | 8.1% | 6.4% | 7.5% | 7.6% | 2.3% | 4.2% |
Source: CBIZ, Inc. SEC filings (10-K). 17 years of history available in the interactive view.
CBIZ, Inc.: 2 potential red flags in the filings
Patterns in the filed statements worth a second look — computed and cited, not AI guesswork, and not a signal to sell. The kind of thing that hides in a 10-K.
- Heavy debt loadTotal debt of $1522.3M is 7.9× last year's operating cash flow — it would take years of cash flow to clear.
- Net margin shrinkingNet margin fell from 7.5% to 4.2% over ~3 years — profitability is compressing.
What growth is priced into CBZ stock?
At today's market cap of $1.81B, CBIZ, Inc. is priced for free-cash-flow growth of about -1.4% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $175.53M from the FY ending 2025-12-31). For comparison, free cash flow actually grew 5.3%/yr over the last five fiscal years and revenue 23.4%/yr, computed from its SEC filings. This is a reverse DCF — a translation of the price into a growth assumption you can judge, not a fair value and not advice. Change the assumptions yourself in the interactive view →
Explore 17 years of CBIZ, Inc. financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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CBIZ, Inc. financial history by metric
Compare CBIZ, Inc. with peers
About CBIZ, Inc.
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, national technology, and government healthcare consulting services. The Benefits and Insurance Services segment 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 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.
CBIZ, Inc. — frequently asked questions
What is CBIZ, Inc.'s revenue?
CBIZ, Inc. (CBZ) reported revenue of $2.76B for fiscal year 2025, up 52.1% from the prior year, according to its SEC filings.
Is CBIZ, Inc. profitable?
Yes. CBZ earned net income of $115.44M in fiscal 2025, a net margin of 4.2%.
What is CBZ's P/E ratio?
CBIZ, Inc. trades at a price-to-earnings ratio of about 13.2 based on the latest data in our nightly-refreshed cache.
How fast is CBIZ, Inc. growing?
CBZ's revenue grew at roughly 23.4% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does CBIZ, Inc. have?
As of fiscal year 2025, CBZ carried roughly $1.46B in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is CBIZ, Inc.'s gross margin?
CBZ's gross margin was 12.9% in fiscal 2025 — gross profit of $355.39M on revenue of $2.76B.
What is CBIZ, Inc.'s market cap?
CBIZ, Inc. (CBZ) has a market capitalization of about $1.81B, based on the latest data in our nightly-refreshed cache.
When does CBIZ, Inc.'s fiscal year end?
CBZ's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
What growth is priced into CBZ stock?
At today's market cap of $1.81B, CBIZ, Inc. is priced for free-cash-flow growth of about -1.4% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $175.53M from the FY ending 2025-12-31). For comparison, free cash flow actually grew 5.3%/yr over the last five fiscal years and revenue 23.4%/yr, computed from its SEC filings.
Where does this data come from?
All figures are computed from CBIZ, Inc.'s official SEC filings (10-K and 10-Q), covering 17 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.