Cass Information Systems, Inc. (CASS) Financial Ratios
30 years of historical data (1996–2025) · Industrials · Specialty Business Services
EV/EBITDA
↑
6.49
+16% vs avg
5yr avg: 5.59
30Y Low1.1·High35.5
P/FCF
↓
20.12
+4% vs avg
5yr avg: 19.33
30Y Low9.2·High32.6
P/B Ratio
↑
2.74
+7% vs avg
5yr avg: 2.57
30Y Low1.1·High4.1
ROE
↑
14.9%
↓+17% vs avg
5yr avg: 12.7%
30Y Low8%·High19%
Debt/EBITDA
↓
0.12
↓-36% vs avg
5yr avg: 0.18
30Y Low0.0·High17.3
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
CASS Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Cass Information Systems, Inc. trades at 19.0x earnings, 9% below its 5-year average of 20.8x, sitting at the 57th percentile of its historical range. Compared to the Industrials sector median P/E of 25.6x, the stock trades at a discount of 26%. On a free-cash-flow basis, the stock trades at 20.1x P/FCF, roughly in line with the 5-year average of 19.3x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $639M | $559M | $564M | $622M | $633M | $563M | $567M | $848M | $789M | $724M | $832M |
| Enterprise Value | $251M | $171M | $221M | $250M | $432M | $49M | $-103728092 | $662M | $1.0B | $951M | $1.1B |
| P/E Ratio → | 18.97 | 15.91 | 29.43 | 20.67 | 18.11 | 19.66 | 22.49 | 27.89 | 26.07 | 28.88 | 34.19 |
| P/S Ratio | 3.35 | 2.93 | 2.56 | 2.92 | 3.38 | 3.63 | 3.83 | 5.21 | 5.19 | 5.26 | 6.60 |
| P/B Ratio | 2.74 | 2.30 | 2.46 | 2.71 | 3.07 | 2.29 | 2.17 | 3.47 | 3.43 | 3.21 | 4.00 |
| P/FCF | 20.12 | 17.59 | 19.03 | 27.53 | 13.83 | 18.67 | 12.38 | 21.53 | 17.96 | 20.81 | 27.27 |
| P/OCF | 17.07 | 14.93 | 14.47 | 16.85 | 12.26 | 16.31 | 11.86 | 20.14 | 16.32 | 18.61 | 23.64 |
P/E links to full P/E history page with 30-year chart
CASS EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Cass Information Systems, Inc.'s enterprise value stands at 6.5x EBITDA, 16% above its 5-year average of 5.6x. The Industrials sector median is 13.8x, placing the stock at a 53% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.90 | 1.01 | 1.17 | 2.30 | 0.31 | -0.70 | 4.07 | 6.60 | 6.91 | 8.65 |
| EV / EBITDA | 6.49 | 4.42 | 7.33 | 5.89 | 9.07 | 1.24 | -2.49 | 15.67 | 24.63 | 24.40 | 30.53 |
| EV / EBIT | 6.49 | 4.42 | 9.14 | 6.67 | 10.06 | 1.43 | -3.42 | 17.68 | 27.61 | 27.24 | 34.01 |
| EV / FCF | — | 5.39 | 7.47 | 11.05 | 9.44 | 1.61 | -2.27 | 16.81 | 22.84 | 27.35 | 35.75 |
CASS Profitability
Margins and return-on-capital ratios measuring operating efficiency
Cass Information Systems, Inc. earns an operating margin of 20.3%, significantly above the Industrials sector average of 4.3%. Operating margins have expanded from 17.6% to 20.3% over the past 3 years, signaling improving operational efficiency. ROE of 14.9% is modest.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 100.0% | 100.0% | 85.3% | 87.8% | 93.1% | 92.6% | 83.2% | 90.9% | 91.8% | 92.5% | 92.6% |
| Operating Margin | 20.3% | 20.3% | 11.0% | 17.6% | 22.9% | 21.8% | 20.5% | 23.0% | 23.9% | 25.4% | 25.4% |
| Net Profit Margin | 18.4% | 18.4% | 8.7% | 14.1% | 18.6% | 18.4% | 17.0% | 18.7% | 19.9% | 18.2% | 19.3% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 14.9% | 14.9% | 8.4% | 13.8% | 15.4% | 11.3% | 10.0% | 12.8% | 13.3% | 11.6% | 11.7% |
| ROA | 1.4% | 1.4% | 0.8% | 1.2% | 1.4% | 1.2% | 1.3% | 1.8% | 1.8% | 1.6% | 1.6% |
| ROIC | — | — | — | — | 597.7% | — | — | 11.2% | 6.1% | 5.7% | 5.0% |
| ROCE | 4.4% | 4.4% | 8.5% | 14.0% | 14.9% | 10.1% | 8.7% | 5.6% | 3.7% | 3.9% | 3.7% |
CASS Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Cass Information Systems, Inc. carries a Debt/EBITDA ratio of 0.1x, which is very conservative (96% below the sector average of 3.2x). The company holds a net cash position — cash of $392M exceeds total debt of $5M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.02 | 0.02 | 0.03 | — | — | — | — | 0.07 | 1.78 | 1.76 | 1.96 |
| Debt / EBITDA | 0.12 | 0.12 | 0.25 | — | — | — | — | 0.43 | 10.03 | 10.18 | 11.40 |
| Net Debt / Equity | — | -1.60 | -1.49 | -1.62 | -0.97 | -2.09 | -2.57 | -0.76 | 0.93 | 1.01 | 1.24 |
| Net Debt / EBITDA | -10.00 | -10.00 | -11.33 | -8.78 | -4.22 | -13.21 | -16.11 | -4.40 | 5.26 | 5.83 | 7.24 |
| Debt / FCF | — | -12.20 | -11.56 | -16.47 | -4.39 | -17.06 | -14.65 | -4.72 | 4.88 | 6.53 | 8.48 |
| Interest Coverage | — | — | 24220.00 | 323.03 | — | — | 15171.50 | 18734.00 | — | — | — |
Net cash position: cash ($392M) exceeds total debt ($5M)
CASS Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.10x means Cass Information Systems, Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has improved from 0.76x to 1.10x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.10 | 1.10 | 0.80 | 0.76 | 0.72 | 0.79 | 0.94 | 0.82 | 0.92 | 0.11 | 0.20 |
| Quick Ratio | 1.10 | 1.10 | 0.80 | 0.76 | 0.72 | 0.79 | 0.94 | 0.82 | 0.92 | 1.64 | 0.20 |
| Cash Ratio | 0.35 | 0.35 | 0.17 | 0.17 | 0.09 | 0.23 | 0.36 | 0.14 | 0.92 | 0.97 | 0.84 |
| Asset Turnover | — | 0.07 | 0.09 | 0.09 | 0.07 | 0.06 | 0.07 | 0.09 | 0.09 | 0.09 | 0.08 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 2133.57 | 1866.55 | 1903.31 | 2270.48 | 2242.66 | 2167.73 | 1709.88 | — | — | — |
CASS Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Cass Information Systems, Inc. returns 6.5% to shareholders annually — split between a 2.5% dividend yield and 4.1% buyback yield. A payout ratio of 47.0% is moderate and appears sustainable, balancing shareholder returns with reinvestment capacity. The earnings yield of 5.3% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 2.5% | 3.0% | 2.9% | 2.6% | 2.4% | 2.7% | 2.8% | 1.8% | 1.7% | 1.5% | 1.2% |
| Payout Ratio | 47.0% | 47.0% | 85.9% | 53.1% | 44.2% | 54.0% | 62.0% | 50.1% | 43.5% | 42.7% | 41.0% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 5.3% | 6.3% | 3.4% | 4.8% | 5.5% | 5.1% | 4.4% | 3.6% | 3.8% | 3.5% | 2.9% |
| FCF Yield | 5.0% | 5.7% | 5.3% | 3.6% | 7.2% | 5.4% | 8.1% | 4.6% | 5.6% | 4.8% | 3.7% |
| Buyback Yield | 4.1% | 4.6% | 1.3% | 0.9% | 0.8% | 5.5% | 1.2% | 0.9% | 1.1% | 0.3% | 1.1% |
| Total Shareholder Yield | 6.5% | 7.6% | 4.2% | 3.5% | 3.3% | 8.2% | 4.0% | 2.7% | 2.8% | 1.8% | 2.3% |
| Shares Outstanding | — | $13M | $14M | $14M | $14M | $14M | $15M | $15M | $15M | $15M | $15M |
Peer Comparison
Compare CASS with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 CASSYou | $639M | 19.0 | 6.5 | 20.1 | 100.0% | 20.3% | 14.9% | — | 0.1 |
 WEX | $4B | 15.1 | 8.3 | 14.1 | 54.9% | 25.4% | 22.3% | 9.6% | 4.8 |
 FLYW | $2B | 144.1 | 41.8 | 19.1 | 61.4% | 1.8% | 1.6% | 2.1% | — |
 RPAY | $299M | -1.1 | 6.9 | 3.3 | 75.0% | -3.9% | -40.9% | -1.0% | 4.9 |
 PRTH | $590M | 10.5 | 7.6 | 7.9 | 21.4% | 14.8% | — | 13.4% | 5.1 |
 CHRW | $22B | 38.3 | 26.1 | 24.5 | 8.4% | 4.9% | 32.9% | 18.0% | 1.8 |
 EXPD | $21B | 27.1 | 18.7 | 22.5 | 15.3% | 9.5% | 35.5% | 48.4% | 0.5 |
 JBHT | $26B | 44.3 | 17.2 | 27.1 | 10.5% | 7.2% | 15.8% | 12.0% | 0.9 |
 SAIA | $12B | 45.7 | 20.0 | 424.5 | 23.7% | 10.9% | 10.4% | 9.4% | 0.7 |
 FIS | $20B | 50.9 | 6.4 | 7.0 | 36.9% | 16.5% | 2.6% | 6.0% | 1.1 |
 FISV | $26B | 7.5 | 6.1 | 5.9 | 59.4% | 26.9% | 13.0% | 8.1% | 3.3 |
| Industrials Median | — | 25.6 | 13.8 | 20.0 | 32.0% | 4.3% | 8.2% | 6.1% | 3.2 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Includes 30+ ratios · 30 years · Updated daily
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CASS — Frequently Asked Questions
Quick answers to the most common questions about buying CASS stock.
What is Cass Information Systems, Inc.'s P/E ratio?
Cass Information Systems, Inc.'s current P/E ratio is 19.0x. The historical average is 19.5x. This places it at the 57th percentile of its historical range.
What is Cass Information Systems, Inc.'s EV/EBITDA?
Cass Information Systems, Inc.'s current EV/EBITDA is 6.5x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 13.0x.
What is Cass Information Systems, Inc.'s ROE?
Cass Information Systems, Inc.'s return on equity (ROE) is 14.9%. The historical average is 13.5%.
Is CASS stock overvalued?
Based on historical data, Cass Information Systems, Inc. is trading at a P/E of 19.0x. This is at the 57th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Cass Information Systems, Inc.'s dividend yield?
Cass Information Systems, Inc.'s current dividend yield is 2.48% with a payout ratio of 47.0%.
What are Cass Information Systems, Inc.'s profit margins?
Cass Information Systems, Inc. has 100.0% gross margin and 20.3% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Cass Information Systems, Inc. have?
Cass Information Systems, Inc.'s Debt/EBITDA ratio is 0.1x, indicating low leverage. A ratio below 2x is generally considered financially healthy.