CASSCass Information Systems, Inc.
Is the business good?
The checks split: earnings fully cash-backed (1.3×) and margins widening, but returns that lean on debt.
Operating profit is fully backed by cash. Conversion is worsening vs a year ago.
Positive operating leverage, operating profit is growing faster than sales, so margins widen as the business scales.
Leverage-amplified, a high assets-to-equity ratio does much of the work. ROE 14% = margin × turnover × leverage.
Unless marked, from derived.
Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.
How good a business is CASS?
Cass Information Systems, Inc. keeps 23% of every revenue dollar as operating profit, against 6.8% for the median Specialty Business Services name.
Operating margin · Specialty Business Services median 6.8% · 12 months to Q2 2026
- Cash conversion
- 1.32×
Cash conversion · 1.85× a year ago · operating cash flow covers the operating profit after tax
- Share count, year on year
- −3.6%
Share count, year on year · bought back, each share owns more of the company
| Year | Operating margin |
|---|---|
| FY2020 | 21% |
| FY2021 | 22% |
| FY2022 | 24% |
| FY2023 | 19% |
| FY2024 | 13% |
| FY2025 | 20% |
Details›
- Operating margin12 months to Q2 2026
- 23%
- Net margin12 months to Q2 2026
- 18%
- Free cash flow margin
- 21%
- Revenue, trailing twelve months
- $199M
- Free cash flow, trailing twelve months
- $42M
- Net income, trailing twelve months
- $37M
Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.
Specialty Business Services
Ranks #6 of 22 by RyuScore