CBIZ(NYSE) CBZ

CBIZ helps mid-sized businesses manage taxes and insurance. It makes it easier for companies to handle complex rules. This helps business owners focus on growth.

Services for Mid-Market Needs

• Financial Services: Accounting, tax compliance, and advisory services for mid-market companies; accounts for 83.4% of revenue.
• Benefits and Insurance: Employee benefit consulting, payroll management, and property insurance; represents 14.9% of revenue.
• National Practices: Technology managed networking and hardware services for a single client; contributes 1.7% of revenue.

Growth Through Strategic Deals

• Acquired the non-attest business assets of Marcum LLP in 2025.
• Finished an additional business acquisition during the fourth quarter of 2025.
• Maintained service agreements with four independent Certified Public Accounting firms to provide client audits.

Presence and Recognition

CBIZ maintains a physical presence in 23 major markets through 140 different locations. The company received 120 workplace awards in 2025 for its internal culture and employee environment.

Tracking the Financial Numbers

• Revenue reached $2.76 billion for the year ended December 31, 2025.
• Free cash flow hit $125.3 million in Q4 2025, up 139.8% from Q4 2024.
• Net loss narrowed to $79.4 million in Q4 2025, an improvement of 12.5% year-over-year.
• Operating cash flow reached $143.6 million in Q4 2025, up 158.7% from $55.5 million in Q4 2024.

Final Summary

CBIZ has transitioned from a specialized provider into a multi-disciplinary advisor for the middle market. Its expansion relies on acquiring regional firms to broaden its national service offerings.