Financials CBIZ, Inc.

Equities

CBZ

US1248051021

Business Support Services

Market Closed - Nyse Other stock markets 04:00:02 2025-12-04 pm EST			5-day change	1st Jan Change
53.57 ^USD	+4.18%		+9.33%	-34.54%

Nov. 06	Applied Digital Corporation Ratifies Appointment of CBIZ CPAs P.C. as Its Independent Registered Public Accounting Firm for the Fiscal Year Ending May 31, 2026	CI
Oct. 30	Tranche Update on CBIZ, Inc.'s Equity Buyback Plan announced on February 8, 2024.	CI

Projected Income Statement: CBIZ, Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	963.9	1,105	1,412	1,591	1,813	2,794	2,966	3,143
Change	-	14.63%	27.79%	12.69%	13.97%	54.07%	6.17%	5.96%
EBITDA ¹	132.1	148.5	190.1	223.8	142.9	451.7	473.9	510.9
Change	-	12.37%	28.08%	17.69%	-36.14%	216.02%	4.93%	7.81%
EBIT ¹	92.48	72.67	168.3	165.2	73.72	282.1	289	405
Change	-	-21.42%	131.65%	-1.84%	-55.39%	282.68%	2.45%	40.14%
Interest Paid ¹	-4.983	-3.868	-8.039	-20.13	-34.38	-107	-89.83	-83.5
Earnings before Tax (EBT) ¹	103.5	93.04	141.5	166.3	57.81	172.8	223	338
Change	-	-10.1%	52.08%	17.53%	-65.24%	198.93%	29.05%	51.57%
Net income ¹	78.3	70.89	105.4	121	41.04	123.6	158.4	240
Change	-	-9.47%	48.62%	14.82%	-66.08%	201.31%	28.06%	51.56%
Announcement Date	2/18/21	2/17/22	2/16/23	2/15/24	2/26/25	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4
Net sales ¹	211.1	300.7	278.6	282.7	242.8	391.7	362	363.3	295	454.6	398.5	410.5	327.5	494.3	420	438.9	460.3	838	683.5	693.8	578.7	859.6	766.4	739.7	656.2
Change	-	42.45%	-7.34%	1.46%	-14.11%	61.32%	-7.6%	0.36%	-18.78%	54.08%	-12.34%	3.02%	-20.22%	50.91%	-15.03%	4.49%	4.87%	82.07%	-18.44%	1.51%	-16.59%	48.54%	-10.85%	-3.48%	-11.28%
EBITDA ¹	5.196	73.32	42.9	37.27	-5.021	92.9	55.73	45.86	-4.351	113.3	54.44	61.56	-5.434	118.8	50.68	75.71	-86.66	237.6	117.2	120	-22.87	232.6	134.6	127.9	-11.72
Change	-	1,311.03%	-41.49%	-13.12%	-113.47%	1,950.15%	-40.01%	-17.7%	-109.49%	2,705.1%	-51.98%	13.1%	-108.83%	2,286.79%	-57.35%	49.39%	-214.46%	374.19%	-50.7%	2.45%	-119.06%	1,116.77%	-42.14%	-4.96%	-109.16%
EBIT ¹	-13.72	62.28	-2.57	31.36	-18.39	85.11	61.29	41.35	-19.41	98	38.72	55.26	-26.74	99.1	31.59	49.69	-106.7	200	60.27	58.86	-74	-	-	-	-
Change	-	554.04%	-104.13%	1,320.08%	-158.65%	562.83%	-27.99%	-32.53%	-146.94%	604.83%	-60.49%	42.7%	-148.38%	470.68%	-68.12%	57.26%	-314.68%	287.53%	-69.87%	-2.34%	-225.71%	-	-	-	-
Charge d'intérêts ¹	-0.816	-0.877	-0.959	-1.016	-1.016	-1.259	-1.645	-2.305	-2.83	-3.641	-5.534	-5.848	-5.108	-4.511	-5.884	-4.968	-19.02	-25.16	-27.87	-27.96	-25.97	-25	-25	-25	-25
Earnings before Tax (EBT) ¹	-2.069	66.19	11.23	29.21	-13.58	77.45	43.88	36.6	-16.45	99.57	38.61	47.2	-19.07	104	28.19	50.97	-125.4	172.9	57.78	40.41	-98.25	-	-	-	-
Change	-	3,299.03%	-83.03%	160.1%	-146.51%	670.17%	-43.34%	-16.58%	-144.93%	705.42%	-61.22%	22.24%	-140.4%	645.46%	-72.89%	80.79%	-345.97%	237.92%	-66.58%	-30.07%	-343.16%	-	-	-	-
Net income ¹	-0.094	50.21	8.607	21.69	-9.62	58.13	31.26	27.47	-11.5	73.16	26.86	33.68	-12.74	76.88	19.79	35.08	-90.72	122.8	41.94	30.15	-71.25	-	-	-	-
Change	-	53,513.83%	-82.86%	152.02%	-144.35%	704.23%	-46.23%	-12.11%	-141.86%	736.28%	-63.28%	25.38%	-137.82%	703.63%	-74.26%	77.25%	-358.59%	235.33%	-65.84%	-28.12%	-336.35%	-	-	-	-
Announcement Date	2/18/21	4/29/21	7/29/21	10/28/21	2/17/22	4/28/22	7/28/22	10/27/22	2/16/23	4/27/23	7/27/23	10/26/23	2/15/24	4/25/24	7/31/24	10/29/24	2/26/25	4/24/25	7/30/25	10/29/25	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: CBIZ, Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt	-	-	-	303	-	-	-	-
Change	-	-	-	-	-	-	-	-
Announcement Date	2/18/21	2/17/22	2/16/23	2/15/24	2/26/25	-	-	-

Estimates

Cash Flow Forecast: CBIZ, Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	11.58	8.984	8.641	23.05	12.91	24	24	24
Change	-	-22.39%	-3.82%	166.77%	-43.98%	85.84%	0%	0%
Free Cash Flow (FCF) ¹	135.3	122.2	117.5	130.5	110.8	259.8	315	340.7
Change	-	-9.68%	-3.83%	11.03%	-15.08%	134.51%	21.25%	8.14%
Announcement Date	2/18/21	2/17/22	2/16/23	2/15/24	2/26/25	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: CBIZ, Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	13.71%	13.44%	13.47%	14.06%	7.88%	16.17%	15.98%	16.26%
EBIT Margin (%)	9.59%	6.58%	11.92%	10.38%	4.06%	10.1%	9.74%	12.89%
EBT Margin (%)	10.74%	8.42%	10.02%	10.45%	3.19%	6.18%	7.52%	10.75%
Net margin (%)	8.12%	6.42%	7.46%	7.6%	2.26%	4.43%	5.34%	7.64%
FCF margin (%)	14.03%	11.06%	8.32%	8.2%	6.11%	9.3%	10.62%	10.84%
FCF / Net Income (%)	172.76%	172.34%	111.52%	107.84%	269.94%	210.1%	198.92%	141.94%
Profitability
ROA	5.38%	5.69%	6.35%	6.21%	-	5.2%	5.6%	5.7%
ROE	11.51%	12.7%	15.72%	16.37%	-	12.9%	13.6%	12.8%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	1.35x	-	-	-	-
Debt / Free cash flow	-	-	-	2.32x	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	1.2%	0.81%	0.61%	1.45%	0.71%	0.86%	0.81%	0.76%
CAPEX / EBITDA (%)	8.76%	6.05%	4.54%	10.3%	9.04%	5.31%	5.06%	4.7%
CAPEX / FCF (%)	8.56%	7.35%	7.35%	17.67%	11.66%	9.24%	7.62%	7.05%
Items per share
Cash flow per share ¹	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Dividend per Share ¹	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Book Value Per Share ¹	12.69	13.11	13.62	15.66	-	28.22	32.27	37.32
Change	-	3.33%	3.84%	14.97%	-	-	14.35%	15.65%
EPS ¹	1.41	1.32	2.01	2.39	0.78	1.953	2.473	3.36
Change	-	-6.38%	52.27%	18.91%	-67.36%	150.43%	26.62%	35.85%
Nbr of stocks (in thousands)	54,061	51,703	50,556	49,619	49,999	53,478	53,478	53,478
Announcement Date	2/18/21	2/17/22	2/16/23	2/15/24	2/26/25	-	-	-