Cass Information Systems, Inc. logo CASS - Cass Information Systems, Inc.

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| PRICE TARGET: $50.00 DETAILS
HIGH: $50.00
LOW: $50.00
MEDIAN: $50.00
CONSENSUS: $50.00
UPSIDE: 9.60%
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995
Revenue
Revenue 191.1 219.9 213.2 187.3 155.2 148.1 162.7 152.0 137.5 126.1 122.1 119.7 118.1 117.1 113.1 105.2 95.0 97.3 97.5 89.9 76.9 69.9 66.4 57.4 55.6 53.0 47.9 48.2 46.8 45.6 46.5
Cost of Revenue 0 32.2 26.1 12.9 11.5 24.9 14.8 12.5 10.3 9.3 8.9 8.7 8.6 8.2 8.5 9.1 9.9 8.5 12.8 10.9 6.6 6.9 0 0 0 0 0 0 0 0 0
Gross Profit 191.1 187.7 187.1 174.4 143.7 123.2 147.9 139.5 127.2 116.7 113.1 111.0 109.5 108.9 104.6 96.1 85.2 88.8 84.8 78.9 70.3 63.0 66.4 57.4 55.6 53.0 47.9 48.2 46.8 45.6 46.5
Operating Expenses
R&D Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
SG&A Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 37.2 31.4 30.5 28.5 26 25 24 23.9 24.7
Other Expenses 152.3 163.4 149.7 131.5 109.9 92.9 110.4 103.1 92.3 84.7 83.5 79.2 78.8 77.7 73.1 68.1 63.6 62.6 58.8 55.1 0 0 (90.4) (76.2) (71.4) (65.3) (59.9) (57.3) (55.9) (55.3) (57.8)
Operating Expenses 152.3 163.4 149.7 131.5 109.9 92.9 110.4 103.1 92.3 84.7 83.5 79.2 78.8 77.7 73.1 68.1 63.6 62.6 58.8 55.1 0 0 (53.2) (44.8) (40.9) (36.8) (33.9) (32.3) (31.9) (31.4) (33.1)
Operating Income
Operating Income 38.8 24.2 37.5 42.9 33.8 30.3 37.5 36.3 34.9 32.1 29.6 31.8 30.7 31.2 31.5 27.9 21.5 26.2 25.9 23.8 19.3 11.3 13.2 12.6 14.6 16.2 14 15.9 14.9 14.2 13.4
Interest Expense 0 0.0 0.1 0 0 0.0 0.0 0 0 0 0 0 0 0 0 0 0.1 0.2 0.2 0.2 0 0 1.9 2.3 3.9 5.2 4.4 4.3 4.3 4.6 4.1
Interest Income 81.2 88.0 82.8 62.3 45.5 47.7 52.6 47.9 42.0 39.9 38.7 39.8 41.6 45.9 50.2 49.0 43.8 44.1 49.3 47.1 0 0 28.2 31.6 36.2 37.1 30.9 30.1 29.3 28.1 26.8
Profitability
EBITDA 38.8 30.2 42.4 47.6 39.0 41.6 42.3 40.7 39.0 35.7 34.5 34.9 33.6 33.7 33.6 30.1 24.1 29.0 28.7 26.3 21.5 15.2 0 0 0 0 0 0 0 0 0
EBIT 38.8 24.2 37.5 42.9 33.8 30.3 37.5 36.3 34.9 32.1 31.0 31.8 30.7 31.2 31.5 27.9 21.7 26.4 26.2 24.0 19.3 11.3 (4.6) (4) (3.4) (2.7) (2.5) (2.4) (2.6) (2.7) (2.6)
Income Before Tax 38.8 24.2 37.4 42.9 33.8 30.3 37.5 36.3 34.9 32.1 31.0 31.8 30.7 31.2 31.5 27.9 21.5 26.2 25.9 23.8 16.2 11.3 11.4 10.3 10.8 11.0 9.6 11.6 10.6 9.6 9.3
Income Tax Expense 7.6 5.1 7.3 8.0 5.2 5.2 7.1 6.1 9.9 7.7 8.0 7.8 7.2 7.9 8.5 7.6 5.4 7.2 8.1 8.4 5.0 3.3 3.5 3.0 3.7 3.9 3.4 4.2 3.6 3.1 3.1
Net Income 35.1 19.2 30.1 34.9 28.6 25.2 30.4 30.3 25.0 24.3 23.1 24.0 23.5 23.3 23.0 20.3 16.1 19.0 17.8 15.1 10.9 8.0 7.9 7.3 7.0 7.1 6.2 7.4 7 6.5 6.2
Per Share Data
EPS (Basic) 2.66 1.42 2.22 2.58 2.03 1.75 2.11 2.06 1.70 1.65 1.54 1.58 1.55 1.55 1.54 1.36 1.10 1.30 1.22 1.03 0.76 0.55 0.54 0.50 0.48 0.45 0.36 0.42 0.40 0.37 0.35
EPS (Diluted) 2.61 1.39 2.18 2.53 2.00 1.73 2.07 2.03 1.68 1.63 1.52 1.56 1.53 1.53 1.52 1.35 1.08 1.27 1.19 1.01 0.73 0.54 0.54 0.50 0.47 0.44 0.35 0.41 0.39 0.37 0.35
Shares Outstanding 13.2 13.5 13.8 13.6 14.3 14.4 14.4 14.7 14.7 14.7 15.0 15.2 15.1 15.0 15.0 14.9 14.6 14.6 14.6 14.6 14.5 18.0 14.5 14.6 14.7 15.9 17.3 17.6 17.6 17.8 17.5
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2009 2008 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995
Current Assets
Cash & Cash Equivalents 392.3 349.7 372.5 200.9 514.9 670.5 204.0 194.3 169.5 148.7 39.2 10.0 23.1 17.8 24.3 31.9 115.9 124.2 179.4 99.1 67.2 90.3
Short-Term Investments 0 528.0 627.1 754.5 673.5 0 0 441.5 470.5 390.6 0 0 0 0 0 0 0 0 0 0 0 0
Net Receivables 1,117.0 55.9 110.7 95.8 5.0 879.7 762.1 0 0 0 0 0 0 0 2.5 2.6 3.5 2.8 2.8 3.1 3.4 3.8
Inventory 0 0 0 0 0 0 0 0 (1,011.9) 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Assets (276.8) (1,142.2) (1,309.1) (1,345.0) (1,484.8) 194.6 206.2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Total Current Assets 1,232.5 0 0 0 0 1,744.8 1,172.2 635.9 76.1 129.9 45.9 10.0 23.1 17.8 26.8 34.5 119.5 127 182.2 102.2 70.6 94.1
Non-Current Assets
Property, Plant & Equipment 29.4 30.6 30.1 20.0 18.1 18.1 20.5 22.0 21.6 21.1 10.5 11.6 12.2 13.5 15.4 16.8 13.9 9.2 9.2 10 8.1 8.3
Goodwill 0 16.3 17.3 17.3 14.3 14.3 14.3 12.6 12.6 11.6 7.5 0 0 0 0 0 0 0 0 0 0 0
Intangible Assets 19.9 4.9 3.3 4.1 2.6 3.4 4.3 1.6 2.0 2.0 0.4 0 0 0 0 0 0 0 0 0 0 0
Long-Term Investments 770.8 528.0 627.1 754.5 673.5 357.7 422.7 441.5 470.5 390.6 224.6 193.9 77.1 69.1 69.4 92.3 69.3 83 84 126.3 159.7 147.9
Other Non-Current Assets (770.8) (579.8) (677.9) (795.9) (708.4) 64.9 130.3 (1,695.2) (2,073.7) (1,895.4) (224.6) (213.6) (99.1) (87.8) (84.7) (109.1) (83.2) (92.2) (93.2) (136.3) (167.8) (156.2)
Total Non-Current Assets 49.3 0 0 0 0 458.4 592.0 477.7 36.2 34.7 18.3 213.6 99.1 87.8 84.7 109.1 83.2 92.2 93.2 136.3 167.8 156.2
Total Assets 2,606.0 2,395.1 2,478.6 2,573.0 2,554.9 2,203.2 1,764.2 1,695.2 1,603.2 1,504.8 1,013.0 885.2 716.5 639.7 572.2 600.9 576.9 500.8 503.9 438.3 438.3 428.1
Current Liabilities
Account Payables 1,124.9 1,129.6 1,071.4 1,067.6 1,050.4 835.4 684.3 694.4 715.9 642.3 0 0 0 0 0 0 0 0 0 0 0 0
Short-Term Debt 0.8 0 0 0 0 0 18 0 0 0 0.0 0 0.1 0.1 37.4 0.2 0 0.2 0.3 0.4 2.5 0
Deferred Revenue 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Liabilities (0.8) (1,129.6) (1,071.4) (1,067.6) (1,050.4) 1,013.4 721.0 0 (54) 0 (430.3) (479.0) (358.5) (293.9) (223.6) (291.8) (302.8) (249.9) (250.5) (213.8) (204.7) (211.4)
Total Current Liabilities 1,124.9 0 0 0 0 1,848.7 1,423.3 694.4 661.9 642.3 0 0 0.1 0 37.4 0.2 0 0.2 0.3 0.4 2.5 0
Non-Current Liabilities
Long-Term Debt 0 0 0 0 0 0 0 0 0 0 0 3.0 3.7 0 0 0 0 0 0 0 0 0
Deferred Tax Liabilities 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 1,238.2 0 0 0 0 93.3 96.8 771.0 716.2 654.5 453.1 (3.0) (3.7) 0 0 0 0 0 0 0 0 0
Total Non-Current Liabilities 1,238.2 0 0 0 0 93.3 96.8 771.0 716.2 654.5 453.1 0 3.7 0 0 0 0 0 0 0 0 0
Total Liabilities 2,363.0 2,166.1 2,248.8 2,366.7 2,309.1 1,942.1 1,520.1 1,465.3 1,432.1 1,296.8 883.4 779.0 646.9 574.9 511.2 545.4 523.1 444.2 446.5 385.6 390.5 384.8
Stockholders' Equity
Common Stock 7.8 7.8 7.8 7.8 7.8 7.8 7.8 7.8 6.5 6.0 5.0 5.0 2.2 2.1 2.1 2 2 2 0 0 0 0
Retained Earnings 167.1 148.5 145.8 131.7 112.2 99.1 90.3 75.2 59.3 118.4 92.4 81.2 64.7 69.7 64.6 63.6 59.2 54.8 51.5 46.9 42.4 38.2
Accumulated Other Comprehensive Income (26.8) (45.2) (47.5) (59.3) 0.5 (0.0) (13.9) (18.9) (13.3) (14.5) (0.2) (7.4) 0.4 1.0 1.2 0.5 0.1 (0.6) 0 0.4 0.1 0
Total Stockholders' Equity 243.0 229.0 229.8 206.3 245.8 261.2 244.2 229.8 225.1 208.0 129.6 106.2 69.6 64.8 61.0 55.5 53.8 56.6 57.4 52.7 47.8 43.3
Total Liabilities & Equity 2,606.0 2,395.1 2,478.6 2,573.0 2,554.9 2,203.2 1,764.2 1,695.2 1,657.2 1,504.8 1,013.0 885.2 716.5 639.7 572.2 600.9 576.9 500.8 503.9 438.3 438.3 428.1
Debt Metrics
Total Debt 4.5 0 0 0 0 0 18 408.7 396.5 407.3 0.0 3.0 3.8 0.1 37.4 0.2 112.7 0.2 0.3 0.4 2.5 0
Net Debt (387.8) (349.7) (372.5) (200.9) (514.9) (670.5) (186.0) 214.3 227.1 258.6 (39.2) (7.1) (19.3) (17.6) 13.2 (31.7) (3.2) (124) (179.1) (98.7) (64.7) (90.3)
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995
Operating Activities
Net Income 31.1 19.2 30.1 34.9 28.6 25.2 30.4 30.3 25.0 24.3 11.2 8.0 7.9 7.3 7.0 7.1 6.2 7.4 7 6.5 6.2
Depreciation & Amortization 7.2 6.0 5.0 4.7 5.2 5.3 10.9 11.2 11.3 9.4 2.2 4.0 4.6 4 3.4 2.7 2.5 2.4 2.6 2.7 2.6
Stock-Based Compensation 4.2 3.2 4.1 6.7 2.9 2.3 3.1 3.0 2.3 2.0 0 0 0 0 0 0 0 0 0 0 0
Change in Working Capital 3.9 7.6 (2.8) (4.3) (2.2) 6.4 (2.2) 13.1 0.3 4.5 (0.2) (1.5) 1.3 (1.1) (2.8) 2.6 0 0.4 0.2 (0.4) 0.1
Other Non-Cash Items (9.0) 4.1 0.8 10.7 0.8 9.5 (1.4) (5.8) (4.1) (5.4) 0.7 1.2 0.4 0.5 0.3 0.4 2.2 (1.4) (1.6) (0.1) (1.8)
Operating Cash Flow 37.4 38.9 36.9 51.6 34.5 47.8 42.1 48.3 38.9 35.2 12.5 10.0 12.1 9.0 8.7 12.3 10.4 8.6 8.3 9.6 7
Investing Activities
Capital Expenditure (5.7) (9.3) (14.3) (5.9) (4.4) (2.0) (2.7) (4.4) (4.1) (4.7) (2.6) (1.6) (1.9) (2.2) (5.9) (7.0) (1.9) (1.3) (3.9) (1.7) (3.2)
Acquisitions 18 0 0 (4.8) 0 0 (2.8) (35.3) (21.3) (5.8) 2.6 (2.1) 1.9 2.2 5.9 7.0 1.9 0 3.9 1.7 3.2
Purchases of Investments (435.2) (119.7) (15.3) (232.1) (494.2) (20.0) (51.0) (82.0) (124.8) (96.3) (108.5) (66.5) (53.0) (79.8) (61.5) (19.3) (33.1) 0 (9.8) (39.2) (0.3)
Sales/Maturities of Investments 212.9 213.3 150.8 65.0 160.7 85.7 26.1 96.6 44.2 65.0 90.1 58.4 54.0 104.8 39.0 33.7 32.5 42.3 43.5 27.1 23.4
Other Investing Activities 64.7 (80.3) 163.5 (128.7) (190.6) (107.6) (45.4) (21.7) (33.8) 0.2 (26.1) (31.8) (38.2) (65.8) (20.9) (101.1) (55.5) (28.4) (2.9) (27.3) (24.3)
Investing Cash Flow (145.3) 4.0 284.7 (306.4) (528.5) (43.9) (75.8) (46.8) (139.8) (41.6) (44.6) (43.6) (37.2) (40.8) (43.4) (86.7) (56.1) 12.6 30.8 (39.4) (1.2)
Financing Activities
Net Debt Issuance 0 0 0 0 0 (18) 18 0 0 0 0.1 0.0 (37.3) 37.2 0.2 (0.2) (0.1) (0.1) (2.1) (6.8) 2.4
Stock Repurchased (26.0) (7.2) (5.8) (5.3) (31.0) (6.8) (7.8) (8.8) (2.3) (9.2) (1.4) 0 0 0 0 0 0 0 0 0 0
Dividends Paid (16.5) (16.5) (16.0) (15.4) (15.4) (15.6) (15.2) (13.2) (10.7) (10.0) (3.2) (3.0) (2.8) (2.6) (2.6) (2.8) (2.9) (2.8) (2.5) (2.3) (2.1)
Other Financing Activities 192.9 (41.9) (128.3) (38.5) 384.8 503.1 11.7 23.3 75.3 39.1 98.7 61.6 99.1 (72.6) 24.3 76.9 (2.9) 61.9 (2.6) 15.8 13.5
Financing Cash Flow 150.4 (65.6) (150.1) (59.2) 338.4 462.7 6.7 1.3 62.3 19.9 94.3 58.8 57.4 (38.1) 18.7 66.1 (9.5) 59.1 (7.2) 6.7 13.8
Cash Position
Net Change in Cash 42.5 (22.7) 171.5 (314.0) (155.6) 466.6 (27.0) 2.8 (38.6) 13.6 62.1 25.2 32.4 (69.8) (16.1) (8.3) (55.2) 59.1 (7.2) 6.7 13.8
Cash at Beginning 349.7 372.5 200.9 514.9 670.5 204.0 230.9 228.1 266.7 253.2 87.5 62.4 30.0 99.9 115.9 124.2 179.4 99.1 67.2 90.3 70.8
Cash at End 392.3 349.7 372.5 200.9 514.9 670.5 204.0 230.9 228.1 266.7 149.7 87.5 62.4 30.0 99.9 115.9 124.2 158.2 60 97 84.6
Free Cash Flow 31.8 29.6 22.6 45.7 30.2 45.8 39.4 43.9 34.8 30.5 9.9 8.4 10.2 6.8 2.8 5.3 8.5 7.3 4.4 7.9 3.8
Key Metrics 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995
Income Statement
Revenue 191.1 219.9 213.2 187.3 155.2 148.1 162.7 152.0 137.5 126.1 122.1 119.7 118.1 117.1 113.1 105.2 95.0 97.3 97.5 89.9 76.9 69.9 66.4 57.4 55.6 53.0 47.9 48.2 46.8 45.6 46.5
Gross Profit 191.1 187.7 187.1 174.4 143.7 123.2 147.9 139.5 127.2 116.7 113.1 111.0 109.5 108.9 104.6 96.1 85.2 88.8 84.8 78.9 70.3 63.0 66.4 57.4 55.6 53.0 47.9 48.2 46.8 45.6 46.5
Operating Income 38.8 24.2 37.5 42.9 33.8 30.3 37.5 36.3 34.9 32.1 29.6 31.8 30.7 31.2 31.5 27.9 21.5 26.2 25.9 23.8 19.3 11.3 13.2 12.6 14.6 16.2 14 15.9 14.9 14.2 13.4
Net Income 35.1 19.2 30.1 34.9 28.6 25.2 30.4 30.3 25.0 24.3 23.1 24.0 23.5 23.3 23.0 20.3 16.1 19.0 17.8 15.1 10.9 8.0 7.9 7.3 7.0 7.1 6.2 7.4 7 6.5 6.2
EPS (Diluted) 2.61 1.39 2.18 2.53 2.00 1.73 2.07 2.03 1.68 1.63 1.52 1.56 1.53 1.53 1.52 1.35 1.08 1.27 1.19 1.01 0.73 0.54 0.54 0.50 0.47 0.44 0.35 0.41 0.39 0.37 0.35
Balance Sheet
Cash & Equivalents 392.3 349.7 372.5 200.9 514.9 670.5 204.0 194.3 169.5 148.7 39.2 10.0 23.1 17.8 24.3 31.9 115.9 124.2 179.4 99.1 67.2 90.3
Total Assets 2,606.0 2,395.1 2,478.6 2,573.0 2,554.9 2,203.2 1,764.2 1,695.2 1,603.2 1,504.8 1,013.0 885.2 716.5 639.7 572.2 600.9 576.9 500.8 503.9 438.3 438.3 428.1
Total Debt 4.5 0 0 0 0 0 18 408.7 396.5 407.3 0.0 3.0 3.8 0.1 37.4 0.2 112.7 0.2 0.3 0.4 2.5 0
Stockholders' Equity 243.0 229.0 229.8 206.3 245.8 261.2 244.2 229.8 225.1 208.0 129.6 106.2 69.6 64.8 61.0 55.5 53.8 56.6 57.4 52.7 47.8 43.3
Cash Flow
Operating Cash Flow 37.4 38.9 36.9 51.6 34.5 47.8 42.1 48.3 38.9 35.2 12.5 10.0 12.1 9.0 8.7 12.3 10.4 8.6 8.3 9.6 7
Capital Expenditure (5.7) (9.3) (14.3) (5.9) (4.4) (2.0) (2.7) (4.4) (4.1) (4.7) (2.6) (1.6) (1.9) (2.2) (5.9) (7.0) (1.9) (1.3) (3.9) (1.7) (3.2)
Free Cash Flow 31.8 29.6 22.6 45.7 30.2 45.8 39.4 43.9 34.8 30.5 9.9 8.4 10.2 6.8 2.8 5.3 8.5 7.3 4.4 7.9 3.8