Is the business good?
How good a business is CBZ?
CBIZ, Inc. earns 5.8% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.
5.8%
Return on invested capital · cost of capital 9.0% · 3.2 points below what the capital costs: growth destroys value
- Operating margin
- 8.5%
Operating margin · Specialty Business Services median 10% · 12 months to Q4 2025
- Cash conversion
- 1.52×
Cash conversion · 2.70× a year ago · every dollar of reported profit arrived as cash, and more
- Gross margin
- 13%
Gross margin
| Year | Operating margin |
|---|---|
| FY2020 | 9.6% |
| FY2021 | 6.6% |
| FY2022 | 12% |
| FY2023 | 10% |
| FY2024 | 4.1% |
| FY2025 | 8.5% |
Details›
- Gross margin12 months to Q4 2025
- 13%
- Operating margin12 months to Q4 2025
- 8.5%
- Net margin12 months to Q4 2025
- 4.2%
- Free cash flow margin
- 6.4%
- Revenue, trailing twelve months
- $2.76B
- Free cash flow, trailing twelve months
- $176M
- Net income, trailing twelve months
- $115M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 5.8%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.
Specialty Business Services
Ranks #10 of 18 by Smart Score