CASSNasdaqServices-Business Services, NECFiscal year ends December 31
CASS INFORMATION SYSTEMS INC
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 5, 2026
$54.67−0.01 (-0.02%)
Close on Oct 19, 2026
- Market cap
- $714.47M
- P/E (TTM)
- 19.7
- Dividend yield
- 2.29%
Margins
Share of revenue, fiscal years 2011 to 2025
Net margin
18.4%+1.0 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +5.3% | +1.5% | +5.6% | +4.7% | |
| Net income | +83.2% | +0.2% | +6.9% | +4.3% | |
| EPS, diluted | +87.8% | +1.0% | +8.6% | +3.7% | |
| Free cash flow | +4.4% | -11.4% | -7.0% | +1.4% | |
| Dividend per share | +3.3% | +3.4% | +3.0% | +5.0% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 11.7% | 10.0% | 14.9% | |
| Return on assets | 1.6% | 1.3% | 1.4% | |
| Capex to revenue | 3.7% | 1.4% | 3.0% | |
| Diluted shares | 15M | 15M | 13M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Cass Information Systems generated $199.48M from operations and spent $191.47M on capital expenditure, dividends and share buybacks. 19% of that went back into the business.
Generated
$199.48M
Used
$191.47M
Capital expenditure$36.35M19%Dividends$79.82M42%Share buybacks$75.31M39%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin18.4%
×Asset turnover0.08×
×Equity multiplier10.59×
=Return on equity, FY202514.9%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 18.4% | 0.08× | 10.59× | 14.9% |
| FY2024 | 10.6% | 0.07× | 10.62× | 8.4% |
| FY2023 | 17.0% | 0.07× | 11.58× | 13.8% |
| FY2022 | 19.1% | 0.07× | 11.34× | 15.4% |
| FY2021 | 18.6% | 0.06× | 9.39× | 11.3% |
| FY2020 | 17.4% | 0.07× | 7.85× | 10.0% |
| FY2019 | 19.3% | 0.09× | 7.30× | 12.8% |
| FY2018 | 20.4% | 0.09× | 7.25× | 13.3% |
| FY2017 | 18.5% | 0.09× | 7.18× | 11.6% |
| FY2016 | 19.4% | 0.08× | 7.13× | 11.7% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
6of 6 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$35.12M
- Cash generatingOperating cash flow above zero$37.44M
- Return on assets improvedROA up on the prior year0.8% → 1.5%
- Earnings backed by cashOperating cash flow above net income$37.44M vs $35.12M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose– → –
- No dilutionShare count did not rise14M → 13M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.07 → 0.08