What is the 13F Pro Quality Score for CBZ?

13F Pro ranks CBIZ, Inc. (CBZ) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View CBZ's current score at https://13fpro.ai/research/CBZ (free sign-up required for the full ranking).

Which hedge funds own the most CBZ stock?

Based on the most recent Form 13F-HR filings on SEC EDGAR, the largest reported institutional holders of CBZ include FMR, BlackRock,, BANK OF MONTREAL /CAN/. Holdings are reported quarterly within 45 days of quarter-end and updated on https://13fpro.ai/research/CBZ as soon as new 13F filings post.

Where does 13F Pro source CBZ data?

All CBIZ, Inc. fundamentals and ownership data come directly from SEC EDGAR. CBIZ, Inc. files with the SEC under CIK 944148. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is CBZ in?

CBIZ, Inc. (CBZ) is classified in the Industrials sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/industrials.

What drives CBZ's revenue?

Per CBIZ, Inc.'s latest 10-Q filed with the SEC on 2026-04-30, the biggest revenue drivers are: Financial Services ($740.3M, +2.1% YoY); Benefits and Insurance Services ($108.2M, -4.2% YoY). Figures are extracted from the filing text and machine-verified against the document. Full breakdown at https://13fpro.ai/research/CBZ.

What are CBZ's largest expenses?

CBIZ, Inc.'s latest 10-Q reports these as the largest expense items: Operating expenses ($622.6M, +2.1% YoY); Interest expense ($23.9M, -4.9% YoY); Corporate general and administrative expenses ($29.6M, +5.3% YoY). Sourced directly from SEC EDGAR filing text for Q1 FY2026 (quarter ended March 31, 2026).

How often is CBZ research updated on 13F Pro?

CBZ's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

CBIZ, Inc.(CBZ)Stock Analysis

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13F Pro Quality Score

67.0/100

Rank #492 of 2,879 stocksTOP 25%

View Industrials peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.

Revenue Growth

86.4/100

Profitability

63.0/100

Balance Sheet

71.3/100

Earnings Quality

47.8/100

Free Cash Flow

43.6/100

Institutional Flow

90.9/100

Revenue Scale

67.3/100

Dilution Risk

58.5/100

CBZ Stock Analysis & AI Quality Score

AI stock analysis and institutional research for CBIZ, Inc. (CBZ), a Industrials sector company. 13F Pro's AI-powered ranking engine scores CBZ at 67.0/100 on a 32-signal composite quality model, placing it at rank #492 of 2,879 stocks — the top 25% of the AI-ranked universe. CBZ scores in the top quartile across institutional flow (90.9), revenue growth (86.4). Based on the latest XBRL financial filings (Q4 2025), CBIZ, Inc. reports quarterly revenue of $542.7M, net income of $-79.4M, free cash flow of $141.7M. Top institutional holders of CBZ by reported 13-F value include FMR, BlackRock,, BANK OF MONTREAL /CAN/, based on the most recent SEC filings. CBZ trades on the NYSE exchange and files with the SEC under CIK 944148. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate CBZ daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for CBIZ, Inc. directly from SEC EDGAR. CBIZ, Inc.'s 13F Pro composite quality score has ranged between 8 and 73 since 2021, currently 67.0 — an improving long-term trajectory across 56 quarterly and live scoring snapshots.

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Fun facts about CBIZ, Inc.

Quirks, history, and lore behind CBZ — the kind of stuff that makes a stock memorable.

1
The Basics
U.S. professional services company · listed on NYSE · headquartered in Ohio · serves mid-market businesses across the country.
2
The Numbers
Annual revenue in the range of $1.5 billion, with a workforce of roughly 6,000+ employees spread across hundreds of offices nationwide.
3
The History
Built largely through acquisitions over several decades, it assembled a national footprint by rolling up smaller accounting, tax, and consulting firms across the U.S.
4
The Secret
It sits in an unusual lane: too big to be a local firm, too focused on middle-market clients to chase the Fortune 500 — and that's entirely by design.
5
The Lore
It competes with the Big Four accounting giants for talent but deliberately targets the clients those giants often ignore — privately held companies and owner-operated businesses.
6
The Giveaway
Its ticker is three letters that sound like initials, its full name ends with "Inc.", and it is one of the largest providers of accounting, tax, insurance, and benefits services to mid-sized American businesses.

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What's Driving CBZ's Business? Latest 10-Q Breakdown

✓ 25/25 datapoints verified

AI-extracted from CBIZ, Inc.'s 10-Q filed 2026-04-30 — Q1 FY2026 (quarter ended March 31, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.

Q1 revenue grew 1.3% YoY to $848.6M, net income surged 31.7% to $161.6M driven by $57.2M gain from Marcum working capital settlement.

Biggest Revenue Drivers

Total revenue: $848.6M+1.3% YoY

Financial Services$740.3M+2.1% YoY

Advisory services up $7.3M, accounting and tax services up $5.2M, government healthcare compliance up $0.5M.

Benefits and Insurance Services$108.2M-4.2% YoY

Decrease driven by human capital services down $1.4M, life insurance down $1.4M, property and casualty down $1.3M.

Largest Expense Items

Operating expenses$622.6M+2.1% YoY

Personnel costs $472.5M, facility costs up $4.6M, technology costs up $2.7M, integration costs $20.7M.

Interest expense$23.9M-4.9% YoY

Driven by lower interest rates; blended effective rate 6.11% vs 6.57% prior year.

Corporate general and administrative expenses$29.6M+5.3% YoY

Technology costs up $1.2M, facility costs up $0.4M, integration costs $3.1M.

Margins: Gross margin declined to 26.3% from 26.9% YoY. Operating margin declined to 22.8% from 23.6%, primarily driven by higher facility and technology costs, partially offset by operating leverage on flat same-unit revenue growth.

Watch Items from the Filing

Goodwill impairment risk: Financial Accounting Services reporting unit has goodwill of $1,679.9M exceeding fair value by only 7.4%; Property and Casualty has $78.8M goodwill with 14.5% cushion. Market cap decline and higher discount rates have narrowed excess fair value materially.
MOVEit litigation exposure: Over 300 cases in MDL; CBIZ is non-bellwether defendant. Company unable to estimate possible loss given early stage of litigation. No accrual recorded.
Debt leverage high at $1,551.5M outstanding (2024 Credit Facilities); $1,051.5M subject to interest rate risk. Target net leverage under 2.5x over time.
Marcum integration ongoing: $20.7M integration costs in Q1 2026 vs $9.0M in Q1 2025. 6.2M contingent shares to be delivered through April 2027.
Benefits and Insurance Services segment declined 4.2% YoY; operating margin fell to 21.3% from 24.4%, indicating operational challenges despite expense controls.

AI-extracted and verified against SEC EDGAR filing text. Not investment advice.

Read the full 10-Q on SEC EDGAR →Share on X

Revenue

Q4 2025

$542.7M

Net Income

Q4 2025

$-79.4M

Free Cash Flow

Q4 2025

$141.7M

D/E Ratio

Q4 2025

0.83

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro+

Revenue

+52.1% YoY

$2.76BFY 2025

FY21 $1.10BFY22 $1.41BFY24 $1.81BFY25 $2.76B

Net Income

+181.3% YoY

$115.4MFY 2025

FY21 $70.9MFY22 $105.4MFY24 $41.0MFY25 $115.4M

Operating Income

+217.4% YoY

$234.0MFY 2025

FY21 $72.7MFY22 $168.3MFY24 $73.7MFY25 $234.0M

EPS (Diluted)

+134.6% YoY

$1.83FY 2025

FY21 $1.32FY22 $2.01FY24 $0.78FY25 $1.83

Total Assets

-1.4% YoY

$4.41BFY 2025

FY21 $1.63BFY22 $1.88BFY24 $4.47BFY25 $4.41B

Total Debt

+4.0% YoY

$1.46BFY 2025

FY21 $154.9MFY22 $263.7MFY24 $1.40BFY25 $1.46B

Op. Cash Flow

+55.6% YoY

$192.5MFY 2025

FY21 $131.2MFY22 $126.1MFY24 $123.7MFY25 $192.5M

Metric	FY 2025	FY 2024	FY 2022	FY 2021	FY 2018	FY 2017
Revenue	$2.76B +52.1%	$1.81B +28.4%	$1.41B +27.8%	$1.10B +19.8%	$922.0M +7.8%	$855.3M
Net Income	$115.4M +181.3%	$41.0M -61.0%	$105.4M +48.6%	$70.9M +15.1%	$61.6M +22.2%	$50.4M
Operating Income	$234.0M +217.4%	$73.7M -56.2%	$168.3M +131.6%	$72.7M -21.5%	$92.5M +39.3%	$66.5M
EPS (Diluted)	$1.83 +134.6%	$0.78 -61.2%	$2.01 +52.3%	$1.32 +21.1%	$1.09 +19.8%	$0.91
Total Assets	$4.41B -1.4%	$4.47B +137.9%	$1.88B +15.4%	$1.63B +37.6%	$1.18B +0.6%	$1.18B
Total Debt	$1.46B +4.0%	$1.40B +431.0%	$263.7M +70.3%	$154.9M +15.6%	$134.0M -24.6%	$177.7M
Operating Cash Flow	$192.5M +55.6%	$123.7M -1.9%	$126.1M -3.8%	$131.2M +24.6%	$105.2M +36.6%	$77.0M

AI Insight: CBZ Financial Trends

CBIZ revenue surged 70% year-over-year in Q1 2025 to $838M but operating performance remains volatile with Q4 losses persisting.

• Revenue jumped from $494M in Q1 2024 to $838M in Q1 2025, a 70% increase.

• Total debt nearly quadrupled from $436M in Q1 2024 to $1,529M in Q1 2025.

• Operating income turned negative in both Q4 2024 and Q4 2025, showing seasonal weakness.

• Equity base strengthened from $867M in Q1 2024 to $1,915M in Q1 2025.

⚠ Operating cash flow swings from deeply negative in Q1s to positive in Q4s indicate working capital volatility.

⚠ Q4 operating losses of $107M in 2024 and $85M in 2025 suggest persistent seasonal challenges.

AI Insight: CBZ Ratio Trends

CBIZ exhibits extreme quarterly volatility with Q1 peaks and Q4 losses, while leverage has increased 66% since Q3 2024.

• Operating margin swings from 23.9% in Q1 2025 to -15.7% in Q4 2025, showing severe seasonal volatility.

• Debt-to-equity ratio climbed from 0.36 in Q3 2024 to 0.83 in Q4 2025, indicating rising leverage.

• Q4 consistently shows negative margins with Q4 2024 at -23.2% and Q4 2025 at -15.7% operating margin.

⚠ Q4 2025 losses were less severe than Q4 2024, suggesting potential improvement in seasonal trough management.

⚠ ROIC volatility ranges from 30.4% peak to -13.4% trough, indicating unstable capital efficiency patterns.

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Available Research

13F Pro tracks comprehensive data for CBIZ, Inc. including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of CBZ

FMR LLC
$201.7M7,511,043 sh
BlackRock, Inc.
$102.4M3,811,925 sh
BANK OF MONTREAL /CAN/
$94.2M3,507,905 sh
22C Capital LLC
$86.0M3,202,267 sh
VANGUARD CAPITAL MANAGEMENT LLC
$57.6M2,146,587 sh
VANGUARD PORTFOLIO MANAGEMENT LLC
$55.7M2,072,824 sh
MORGAN STANLEY
$53.9M2,008,625 sh
ALLIANCEBERNSTEIN L.P.
$45.5M901,973 sh
GEODE CAPITAL MANAGEMENT, LLC
$31.1M1,159,379 sh
STATE STREET CORP
$30.9M1,151,709 sh

Fund	Value	Shares
FMR LLC	$201.7M	7,511,043
BlackRock, Inc.	$102.4M	3,811,925
BANK OF MONTREAL /CAN/	$94.2M	3,507,905
22C Capital LLC	$86.0M	3,202,267
VANGUARD CAPITAL MANAGEMENT LLC	$57.6M	2,146,587
VANGUARD PORTFOLIO MANAGEMENT LLC	$55.7M	2,072,824
MORGAN STANLEY	$53.9M	2,008,625
ALLIANCEBERNSTEIN L.P.	$45.5M	901,973
GEODE CAPITAL MANAGEMENT, LLC	$31.1M	1,159,379
STATE STREET CORP	$30.9M	1,151,709

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Is CBZ a good stock to buy?

13F Pro's AI-powered analysis of CBIZ, Inc. (CBZ) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Industrials sector (listed on NYSE). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for CBZ are available on the CBZ stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.

Which hedge funds own CBZ?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling CBZ. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of CBIZ, Inc.'s investment landscape.