CBIZ, Inc.

CBIZ maintains a capital structure characterized by significant leverage, with long-term debt of $1.39 billion and short-term debt of $66.4 million against total equity of $1.76 billion. The debt-to-equity ratio stands at 0.83, while the current ratio is 1.22, indicating liquidity that is close to the minimum comfort range. Cash and equivalents are limited to $18.3 million, resulting in a negative net cash position after subtracting total debt. The company generates operating cash flow of $192.5 million and free cash flow of $175.5 million, which supports its debt obligations but leaves limited buffer for unexpected liquidity needs.

Profitability metrics show a return on equity of 6.55% and a return on assets of 2.62%, reflecting modest returns on the capital employed. The price-to-earnings ratio is 30.0, and the EV/EBITDA is 14.75, suggesting the market prices the company at a premium relative to its current earnings generation. Gross profit is $355.4 million on revenue of $2.76 billion, indicating a gross margin of approximately 12.9%, while operating income is $234.0 million. These margins are typical for service-oriented businesses with high labor and acquisition integration costs.

CBIZ, Inc. (CBZ) experienced a modest contraction in its estimated market share, which declined by approximately 3.04% from 0.0314% to 0.0304%. This adjustment was part of a broader revision to the company's analytical narrative and conclusion, reflecting a moderate severity change in the underlying assessment of its competitive positioning. The shift in market share metrics suggests a slight recalibration of CBIZ's standing within its industry sector. While the absolute percentage remains small, the downward movement indicates a nuanced change in how the company's footprint is perceived relative to the total addressable market. These updates were driven by a revision in the analytical thesis, which resulted in a significant divergence from prior assessments, as indicated by a low similarity score of 0.394 between the old and new narratives. This implies that the factors influencing CBIZ's market position have been re-evaluated, leading to a distinct shift in the analytical outlook. Despite these analytical adjustments, the core structural data for CBIZ remains stable, with the company maintaining a top holder count of 29. The absence of new watcher signals or cross-source alerts suggests that this change is primarily an internal refinement of the analytical model rather than a reaction to external market shocks or new corporate events.

CBIZ operates with an 8.5% operating margin, significantly exceeding the 4.9% median for its transaction processing services cohort.

The company demonstrates strong cash conversion at 1.67, placing it above the 75th percentile of its peer group.

Total assets grew at a robust 47.9% compound annual growth rate over the last five periods.

The firm generated $175.5 million in free cash flow for fiscal year 2025, supporting liquidity needs.

The company faces high dilution, liquidity, and credit risks, indicating significant financial instability and potential shareholder value erosion.

Long-term debt surged to $1.39 billion in fiscal 2025, reflecting a substantial increase in leverage obligations.

The company reports negative tangible book value of -$567.7 million, suggesting equity impairment relative to tangible assets.

Revenue $2.22B; Operating income $319.2M.

• ▍Revenue $2.22B
• ▍Operating income $319.2M
• ▍Net margin 8.8%

Revenue $1.52B; Operating income $260.3M.

• ▍Revenue $1.52B
• ▍Operating income $260.3M
• ▍Net margin 10.8%

Revenue $838.0M; Operating income $200.0M.

• ▍Revenue $838.0M
• ▍Operating income $200.0M
• ▍Net margin 14.7%

Revenue $2.76B; Operating income $234.0M.

• ▍Revenue $2.76B
• ▍Operating income $234.0M
• ▍Net margin 4.2%

Revenue $1.81B; Operating income $73.7M.

• ▍Revenue $1.81B
• ▍Operating income $73.7M
• ▍Net margin 2.3%

Revenue $1.81B; Operating income $73.7M.

• ▍Revenue $1.81B
• ▍Operating income $73.7M
• ▍Net margin 2.3%

Revenue $1.59B; Operating income $165.2M.

• ▍Revenue $1.59B
• ▍Operating income $165.2M
• ▍Net margin 7.6%

Revenue $1.59B; Operating income $165.2M.

• ▍Revenue $1.59B
• ▍Operating income $165.2M
• ▍Net margin 7.6%