CSG Systems International, Inc. (CSGS) 10-Year Financial Performance & Capital Metrics

CSGS •

TechnologyInfrastructure SoftwarePayments and fintech infrastructure

AboutCSG Systems International, Inc. provides revenue management and digital monetization, customer engagement, and payment solutions primarily to the communications industry in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It offers Advanced Convergent Platform, a private SaaS based platform; related solutions, including field force automation, analytics, electronic bill presentment, ACH, etc. to the North American cable and satellite markets. The company also provides managed services; and professional services to implement, configure, and maintain its solutions, as well as licenses various solutions, such as mediation, partner management, rating, and charging. It serves retail, financial services, healthcare, insurance, and government entities. The company was incorporated in 1994 and is headquartered in Greenwood Village, Colorado.Show more

Revenue $1.2B +2.4%
EBITDA $204M +4.5%
Net Income $87M +31.1%
EPS (Diluted) 3.03 +37.7%
Gross Margin 48.68% +2.7%
EBITDA Margin 17.03% +2.0%
Operating Margin 10.97% +3.5%
Net Margin 7.25% +28.0%
ROE 31.25% +48.2%
ROIC 14.32% +5.8%
Debt/Equity 2.03 -6.2%
Interest Coverage 4.31 +8.5%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 21.1%
✓Strong Piotroski F-Score: 7/9
✓High quality earnings: Operating CF exceeds net income
✓Share count reduced 4.8% through buybacks
✓Trading near 52-week high

✗Weaknesses

✗High debt to equity ratio of 2.0x

Price & Volume

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Growth Metrics

Revenue CAGR

10Y4.77%

5Y3.73%

3Y4.59%

TTM2.18%

Profit (Net Income) CAGR

10Y8.92%

5Y0.97%

3Y6.29%

TTM1.04%

EPS CAGR

10Y10.66%

5Y3.51%

3Y10.27%

TTM-34.54%

ROCE

10Y Avg15.71%

5Y Avg13.49%

3Y Avg13.27%

Latest14.86%

Peer Comparison

Payments and fintech infrastructure

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
KLARKlarna Group plc	5.12B	13.56	2023.88	21.17%	-9.29%	-10.65%	10.6%	0.35
AFRMAffirm Holdings, Inc.	15.27B	46.98	313.20	38.8%	9.66%	7.96%	3.94%	2.56
RELYRemitly Global, Inc.	3.5B	16.70	53.87	29.37%	1.36%	2.63%	8.46%	0.22
TOSTToast, Inc.	14.28B	27.31	48.77	24.05%	5.56%	16.1%	4.26%	0.02
DLODLocal Limited	2.03B	12.24	31.38	14.7%	17.8%	33.87%		0.11
XYZBlock, Inc.	38.35B	63.70	30.33	0.3%	5.39%	5.88%	6.32%	0.33
CSGSCSG Systems International, Inc.	2.31B	79.90	26.37	2.39%	7.17%	30.93%	4.91%	2.03
CPAYCorpay, Inc.	22.81B	325.10	23.27	5.77%	24.37%	25.52%	7.74%	2.54

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	752.52M	760.96M	789.58M	875.06M	996.81M	990.53M	1.05B	1.09B	1.17B	1.2B
Revenue Growth %	0.16%	1.12%	3.76%	10.83%	13.91%	-0.63%	5.65%	4.13%	7.3%	2.39%
Cost of Goods Sold+	379.74M	375.15M	394.81M	449.82M	525.12M	535.6M	543.21M	565.17M	615.04M	614.46M
COGS % of Revenue	50.46%	49.3%	50%	51.4%	52.68%	54.07%	51.91%	51.86%	52.6%	51.32%
Gross Profit+	372.78M	385.81M	394.77M	425.24M	471.69M	454.94M	503.28M	524.58M	554.22M	582.78M
Gross Margin %	49.54%	50.7%	50%	48.6%	47.32%	45.93%	48.09%	48.14%	47.4%	48.68%
Gross Profit Growth %	2.99%	3.5%	2.32%	7.72%	10.92%	-3.55%	10.63%	4.23%	5.65%	5.15%
Operating Expenses+	256.56M	252.77M	280.29M	311.65M	345.58M	349.38M	379.09M	445.84M	430.34M	451.45M
OpEx % of Revenue	34.09%	33.22%	35.5%	35.61%	34.67%	35.27%	36.23%	40.91%	36.8%	37.71%
Selling, General & Admin	139.84M	140.47M	153.69M	169.31M	191.33M	198.28M	214.69M	238.02M	247.61M	258.31M
SG&A % of Revenue	18.58%	18.46%	19.47%	19.35%	19.19%	20.02%	20.52%	21.84%	21.18%	21.58%
Research & Development	101.95M	98.68M	113.22M	124.03M	127.99M	122.85M	134.69M	137.91M	143.2M	158.19M
R&D % of Revenue	13.55%	12.97%	14.34%	14.17%	12.84%	12.4%	12.87%	12.66%	12.25%	13.21%
Other Operating Expenses	-624K	-5.31M	-1.64M	550K	26.26M	28.25M	29.7M	69.91M	39.52M	34.95M
Operating Income+	113.14M	132.63M	105.69M	104.93M	126.11M	105.56M	124.19M	78.75M	123.88M	131.33M
Operating Margin %	15.03%	17.43%	13.38%	11.99%	12.65%	10.66%	11.87%	7.23%	10.59%	10.97%
Operating Income Growth %	49.48%	17.23%	-20.32%	-0.71%	20.18%	-16.3%	17.65%	-36.59%	57.31%	6.02%
EBITDA+	157.2M	173.87M	148.57M	165.83M	193.23M	172.43M	196.99M	155.7M	195.13M	203.84M
EBITDA Margin %	20.89%	22.85%	18.82%	18.95%	19.38%	17.41%	18.82%	14.29%	16.69%	17.03%
EBITDA Growth %	27.46%	10.61%	-14.55%	11.62%	16.52%	-10.77%	14.24%	-20.96%	25.33%	4.46%
D&A (Non-Cash Add-back)	44.06M	41.24M	42.88M	60.9M	67.12M	66.87M	72.8M	76.95M	71.25M	72.51M
EBIT	113.55M	121.13M	107.29M	107.32M	126.29M	103.84M	118.54M	77.21M	123.53M	142.74M
Net Interest Income+	-16.18M	-18.67M	-16.34M	-17.68M	-18.78M	-17.24M	-17.23M	-15.55M	-26.84M	-21.78M
Interest Income	1.04M	2.46M	3.25M	2.65M	1.78M	1.24M	365K	877K	4.34M	8.69M
Interest Expense	17.21M	21.13M	19.58M	20.33M	20.57M	18.48M	17.59M	16.43M	31.18M	30.47M
Other Income/Expense	-16.8M	-32.63M	-17.98M	-17.95M	-20.39M	-20.2M	-23.24M	-17.97M	-31.53M	-19.06M
Pretax Income+	96.34M	100M	87.71M	86.99M	105.72M	85.36M	100.95M	60.78M	92.35M	112.27M
Pretax Margin %	12.8%	13.14%	11.11%	9.94%	10.61%	8.62%	9.65%	5.58%	7.9%	9.38%
Income Tax+	33.77M	37.12M	26.35M	20.86M	22.95M	26.64M	28.61M	16.72M	26.11M	25.42M
Effective Tax Rate %	64.94%	62.88%	69.96%	76.02%	78.29%	68.78%	71.65%	72.49%	71.73%	77.36%
Net Income+	62.57M	62.88M	61.36M	66.13M	82.77M	58.71M	72.33M	44.06M	66.25M	86.85M
Net Margin %	8.31%	8.26%	7.77%	7.56%	8.3%	5.93%	6.91%	4.04%	5.67%	7.25%
Net Income Growth %	69.29%	0.5%	-2.41%	7.77%	25.16%	-29.07%	23.2%	-39.09%	50.35%	31.11%
Net Income (Continuing)	62.57M	62.88M	61.36M	66.13M	82.77M	58.71M	72.33M	44.06M	66.25M	86.85M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	3.63M	0	0	0
EPS (Diluted)+	1.87	1.90	1.87	2.01	2.55	1.82	2.26	1.41	2.20	3.03
EPS Growth %	70%	1.6%	-1.58%	7.49%	26.87%	-28.63%	24.18%	-37.61%	56.03%	37.73%
EPS (Basic)	2.01	2.03	1.89	2.04	2.58	1.83	2.28	1.42	2.21	3.06
Diluted Shares Outstanding	33.44M	33.01M	32.87M	32.85M	32.47M	32.28M	32.01M	31.3M	30.11M	28.66M
Basic Shares Outstanding	31.05M	30.97M	32.41M	32.49M	32.05M	32.01M	31.78M	31.03M	29.94M	28.34M
Dividend Payout Ratio	35.54%	38.34%	43.76%	42.31%	35.19%	52.9%	45.05%	75.98%	51.22%	30.64%

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	518.23M	559.94M	554.27M	599.57M	669.08M	714.59M	748.2M	765.96M	862.23M	900.88M
Cash & Short-Term Investments	240.94M	276.5M	261.36M	162.88M	182.66M	240.3M	233.67M	150.44M	186.26M	161.79M
Cash Only	132.63M	126.35M	122.24M	139.28M	156.55M	188.7M	205.63M	150.37M	186.26M	161.79M
Short-Term Investments	108.31M	150.15M	139.12M	23.6M	26.11M	51.6M	28.04M	71K	0	0
Accounts Receivable	224M	251.69M	264.56M	279.77M	281.81M	266.57M	286.53M	328.29M	351.19M	349.68M
Days Sales Outstanding	108.65	120.72	122.3	116.7	103.19	98.23	99.94	109.96	109.63	106.6
Inventory	18.14M	0	0	0	0	0	0	0	0	0
Days Inventory Outstanding	17.43	-	-	-	-	-	-	-	-	-
Other Current Assets	35.15M	31.75M	28.35M	156.91M	204.62M	207.72M	227.99M	287.23M	324.77M	389.42M
Total Non-Current Assets+	359.01M	331.94M	350.27M	514.79M	613.95M	617.41M	638.95M	582.6M	580.82M	599.8M
Property, Plant & Equipment	35.99M	33.12M	44.65M	81.81M	179.28M	192.51M	159.61M	121.47M	99.83M	80.76M
Fixed Asset Turnover	20.91x	22.98x	17.68x	10.70x	5.56x	5.15x	6.56x	8.97x	11.71x	14.82x
Goodwill	219.72M	201.09M	210.08M	255.82M	259.16M	272.32M	321.33M	304.04M	308.6M	316.04M
Intangible Assets	74.83M	71.1M	70.53M	101.86M	138.38M	121.7M	133.58M	122.93M	104.52M	120.11M
Long-Term Investments	0	0	0	37.29M	0	0	0	0	0	0
Other Non-Current Assets	20.08M	12.41M	10.95M	26.93M	27.74M	20.66M	15.84M	7.96M	10.02M	9.6M
Total Assets+	877.23M	891.88M	904.53M	1.11B	1.28B	1.33B	1.39B	1.35B	1.44B	1.5B
Asset Turnover	0.86x	0.85x	0.87x	0.79x	0.78x	0.74x	0.75x	0.81x	0.81x	0.80x
Asset Growth %	2.14%	1.67%	1.42%	23.2%	15.14%	3.82%	4.14%	-2.78%	7.01%	3.99%
Total Current Liabilities+	360.12M	291.87M	222.59M	350.39M	418.69M	436.26M	695.1M	527.21M	560.84M	615.21M
Accounts Payable	43.39M	35.12M	38.42M	45.39M	32.7M	29.83M	35.4M	47.72M	46.41M	36.37M
Days Payables Outstanding	41.71	34.17	35.52	36.83	22.73	20.33	23.78	30.82	27.54	21.6
Short-Term Debt	148.87M	49.43M	22.5M	7.5M	10.31M	14.06M	237.5M	37.5M	7.5M	7.5M
Deferred Revenue (Current)	75.6M	78.98M	72.94M	77.13M	83.78M	92.35M	97.29M	86.5M	41.03M	95.87M
Other Current Liabilities	56.67M	127.52M	55.59M	195.94M	266.65M	270.74M	301.24M	329.02M	364.25M	388.65M
Current Ratio	1.44x	1.92x	2.49x	1.71x	1.60x	1.64x	1.08x	1.45x	1.54x	1.46x
Quick Ratio	1.39x	1.92x	2.49x	1.71x	1.60x	1.64x	1.08x	1.45x	1.54x	1.46x
Cash Conversion Cycle	84.37	-	-	-	-	-	-	-	-	-
Total Non-Current Liabilities+	171.27M	348.65M	339.19M	402.95M	467.68M	473.35M	251.8M	466.1M	608.88M	602.91M
Long-Term Debt	130.26M	326.99M	309.24M	352.33M	346.51M	337.15M	137.22M	375.47M	535M	531M
Capital Lease Obligations	0	0	0	0	78.94M	95.93M	70.07M	53.21M	34.36M	25.02M
Deferred Tax Liabilities	9.24M	99K	4.58M	8.21M	6.38M	5.11M	7.75M	117K	123K	94K
Other Non-Current Liabilities	17.2M	14.86M	13.03M	24.89M	17.3M	17.88M	17.16M	15.31M	15.96M	20.33M
Total Liabilities	531.39M	640.52M	561.79M	753.34M	886.37M	909.61M	946.9M	993.3M	1.17B	1.22B
Total Debt+	284.58M	376.42M	331.74M	359.83M	458.2M	469.79M	468.06M	487.19M	592.8M	574.58M
Net Debt	151.95M	250.07M	209.49M	220.55M	301.65M	281.1M	262.42M	336.82M	406.54M	412.8M
Debt / Equity	0.82x	1.50x	0.97x	1.00x	1.16x	1.11x	1.06x	1.37x	2.17x	2.03x
Debt / EBITDA	1.81x	2.16x	2.23x	2.17x	2.37x	2.72x	2.38x	3.13x	3.04x	2.82x
Net Debt / EBITDA	0.97x	1.44x	1.41x	1.33x	1.56x	1.63x	1.33x	2.16x	2.08x	2.03x
Interest Coverage	6.57x	6.28x	5.40x	5.16x	6.13x	5.71x	7.06x	4.79x	3.97x	4.31x
Total Equity+	345.85M	251.36M	342.75M	361.02M	396.66M	422.39M	440.24M	355.25M	273.33M	282.57M
Equity Growth %	-5.95%	-27.32%	36.36%	5.33%	9.87%	6.49%	4.23%	-19.31%	-23.06%	3.38%
Book Value per Share	10.34	7.61	10.43	10.99	12.22	13.09	13.75	11.35	9.08	9.86
Total Shareholders' Equity	345.85M	251.36M	342.75M	361.02M	396.66M	422.39M	436.61M	355.25M	273.33M	282.57M
Common Stock	672K	672K	689K	693K	696K	700K	705K	708K	713K	718K
Retained Earnings	675.43M	714.85M	749.44M	795.13M	848.62M	876.4M	916.06M	936.22M	968.13M	1.02B
Treasury Stock	-814.44M	-826M	-814.73M	-842.36M	-867.82M	-894.13M	-930.11M	-1.02B	-1.14B	-1.19B
Accumulated OCI	-26.39M	-45.37M	-28.82M	-42.94M	-39.5M	-31.14M	-38.35M	-58.83M	-50.41M	-62.29M
Minority Interest	0	0	0	0	0	0	3.63M	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	136.96M	84.19M	127.19M	143.34M	151.04M	172.99M	140.22M	63.6M	131.9M	135.72M
Operating CF Margin %	18.2%	11.06%	16.11%	16.38%	15.15%	17.46%	13.4%	5.84%	11.28%	11.34%
Operating CF Growth %	63.73%	-38.53%	51.09%	12.69%	5.37%	14.53%	-18.94%	-54.65%	107.39%	2.9%
Net Income	62.57M	62.88M	61.36M	66.13M	82.77M	58.71M	72.33M	44.06M	66.25M	86.85M
Depreciation & Amortization	44.06M	41.24M	42.88M	62.63M	67.12M	66.87M	72.8M	76.95M	69.29M	72.51M
Stock-Based Compensation	21.13M	22.71M	21.05M	19.36M	19.92M	25.24M	21.4M	27.24M	28.99M	33.56M
Deferred Taxes	-16.11M	-2.81M	7.11M	4.91M	-77K	-1.03M	2.39M	-27.63M	-23.56M	-16.5M
Other Non-Cash Items	2.19M	2.09M	5.74M	5.22M	2.89M	13.91M	9.88M	39.13M	-100K	18K
Working Capital Changes	23.12M	-41.94M	-10.95M	-14.92M	-21.59M	9.3M	-38.58M	-96.16M	-8.97M	-40.72M
Change in Receivables	1.83M	-23.24M	-6.42M	-138K	-4.01M	14.66M	-10.28M	-51.01M	-22.4M	4.13M
Change in Inventory	-5.39M	255K	2.88M	0	0	0	0	0	0	0
Change in Payables	13.92M	-5.74M	-4.38M	-7.15M	0	0	0	0	12.54M	-38.49M
Cash from Investing+	-16.72M	-52.14M	-29.9M	-86.14M	-56.64M	-66.26M	-66.71M	-9.04M	-27.91M	-5.13M
Capital Expenditures	-26.86M	-21.85M	-41.12M	-57.1M	0	-29.4M	-26.56M	-36.99M	-27.98M	-22.42M
CapEx % of Revenue	3.57%	2.87%	5.21%	6.53%	3.74%	2.97%	2.54%	3.39%	2.39%	1.87%
Acquisitions	-1.3M	8.85M	12.18M	-144.79M	-17.19M	-11.49M	-63.63M	0	0	17.29M
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	3.42M	-37.88M	-12.18M	115.76M	-37.32M	0	0	0	0	0
Cash from Financing+	-64.6M	-42.95M	-105.49M	-37.51M	-35.92M	-92.11M	-33.39M	-51.69M	-31.3M	-79.92M
Debt Issued (Net)	22.5M	6.82M	-49.77M	24.38M	-7.5M	-10.31M	21.56M	25.2M	142.5M	-7.5M
Equity Issued (Net)	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K
Dividends Paid	-22.24M	-24.11M	-26.85M	-27.98M	-29.13M	-31.06M	-32.59M	-33.48M	-33.93M	-26.61M
Share Repurchases	-65.03M	-25.2M	-30.65M	-34.73M	-30.92M	-38.12M	-42.25M	-96.72M	-127.06M	-67.75M
Other Financing	-1.39M	-2.02M	0	-1.49M	29.39M	-15.14M	17.28M	50.34M	-16.09M	18.86M
Net Change in Cash	50.92M	-6.28M	-4.11M	17.03M	59.58M	17.08M	37.17M	-2.88M	74.86M	42.89M
Free Cash Flow+	110.1M	62.34M	86.07M	86.24M	113.72M	143.6M	113.66M	26.61M	103.92M	113.3M
FCF Margin %	14.63%	8.19%	10.9%	9.86%	11.41%	14.5%	10.86%	2.44%	8.89%	9.46%
FCF Growth %	111.45%	-43.38%	38.08%	0.19%	31.87%	26.27%	-20.85%	-76.59%	290.58%	9.02%
FCF per Share	3.29	1.89	2.62	2.62	3.50	4.45	3.55	0.85	3.45	3.95
FCF Conversion (FCF/Net Income)	2.19x	1.34x	2.07x	2.17x	1.82x	2.95x	1.94x	1.44x	1.99x	1.56x
Interest Paid	8.38M	12.19M	14.73M	15.86M	16.06M	13.68M	12.88M	18.31M	24.73M	27.12M
Taxes Paid	41.86M	53.02M	22.14M	10.43M	18.36M	22.43M	36.69M	34.67M	51.67M	39.94M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	17.54%	21.06%	20.66%	18.79%	21.85%	14.34%	16.77%	11.08%	21.08%	31.25%
Return on Invested Capital (ROIC)	16.32%	19.91%	15.05%	13.88%	14.78%	11.29%	13.25%	8.47%	13.54%	14.32%
Gross Margin	49.54%	50.7%	50%	48.6%	47.32%	45.93%	48.09%	48.14%	47.4%	48.68%
Net Margin	8.31%	8.26%	7.77%	7.56%	8.3%	5.93%	6.91%	4.04%	5.67%	7.25%
Debt / Equity	0.82x	1.50x	0.97x	1.00x	1.16x	1.11x	1.06x	1.37x	2.17x	2.03x
Interest Coverage	6.57x	6.28x	5.40x	5.16x	6.13x	5.71x	7.06x	4.79x	3.97x	4.31x
FCF Conversion	2.19x	1.34x	2.07x	2.17x	1.82x	2.95x	1.94x	1.44x	1.99x	1.56x
Revenue Growth	0.16%	1.12%	3.76%	10.83%	13.91%	-0.63%	5.65%	4.13%	7.3%	2.39%

US Stock Screener

...

CSG Systems International, Inc. (CSGS) 10-Year Financial Performance & Capital Metrics

CSGS •

TechnologyInfrastructure SoftwarePayments and fintech infrastructure

Revenue $1.2B +2.4%
EBITDA $204M +4.5%
Net Income $87M +31.1%
EPS (Diluted) 3.03 +37.7%
Gross Margin 48.68% +2.7%
EBITDA Margin 17.03% +2.0%
Operating Margin 10.97% +3.5%
Net Margin 7.25% +28.0%
ROE 31.25% +48.2%
ROIC 14.32% +5.8%
Debt/Equity 2.03 -6.2%
Interest Coverage 4.31 +8.5%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 21.1%
✓Strong Piotroski F-Score: 7/9
✓High quality earnings: Operating CF exceeds net income
✓Share count reduced 4.8% through buybacks
✓Trading near 52-week high

✗Weaknesses

✗High debt to equity ratio of 2.0x

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y4.77%

5Y3.73%

3Y4.59%

TTM2.18%

Profit (Net Income) CAGR

10Y8.92%

5Y0.97%

3Y6.29%

TTM1.04%

EPS CAGR

10Y10.66%

5Y3.51%

3Y10.27%

TTM-34.54%

ROCE

10Y Avg15.71%

5Y Avg13.49%

3Y Avg13.27%

Latest14.86%

Peer Comparison

Payments and fintech infrastructure

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
KLARKlarna Group plc	5.12B	13.56	2023.88	21.17%	-9.29%	-10.65%	10.6%	0.35
AFRMAffirm Holdings, Inc.	15.27B	46.98	313.20	38.8%	9.66%	7.96%	3.94%	2.56
RELYRemitly Global, Inc.	3.5B	16.70	53.87	29.37%	1.36%	2.63%	8.46%	0.22
TOSTToast, Inc.	14.28B	27.31	48.77	24.05%	5.56%	16.1%	4.26%	0.02
DLODLocal Limited	2.03B	12.24	31.38	14.7%	17.8%	33.87%		0.11
XYZBlock, Inc.	38.35B	63.70	30.33	0.3%	5.39%	5.88%	6.32%	0.33
CSGSCSG Systems International, Inc.	2.31B	79.90	26.37	2.39%	7.17%	30.93%	4.91%	2.03
CPAYCorpay, Inc.	22.81B	325.10	23.27	5.77%	24.37%	25.52%	7.74%	2.54

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	752.52M	760.96M	789.58M	875.06M	996.81M	990.53M	1.05B	1.09B	1.17B	1.2B
Revenue Growth %	0.16%	1.12%	3.76%	10.83%	13.91%	-0.63%	5.65%	4.13%	7.3%	2.39%
Cost of Goods Sold+	379.74M	375.15M	394.81M	449.82M	525.12M	535.6M	543.21M	565.17M	615.04M	614.46M
COGS % of Revenue	50.46%	49.3%	50%	51.4%	52.68%	54.07%	51.91%	51.86%	52.6%	51.32%
Gross Profit+	372.78M	385.81M	394.77M	425.24M	471.69M	454.94M	503.28M	524.58M	554.22M	582.78M
Gross Margin %	49.54%	50.7%	50%	48.6%	47.32%	45.93%	48.09%	48.14%	47.4%	48.68%
Gross Profit Growth %	2.99%	3.5%	2.32%	7.72%	10.92%	-3.55%	10.63%	4.23%	5.65%	5.15%
Operating Expenses+	256.56M	252.77M	280.29M	311.65M	345.58M	349.38M	379.09M	445.84M	430.34M	451.45M
OpEx % of Revenue	34.09%	33.22%	35.5%	35.61%	34.67%	35.27%	36.23%	40.91%	36.8%	37.71%
Selling, General & Admin	139.84M	140.47M	153.69M	169.31M	191.33M	198.28M	214.69M	238.02M	247.61M	258.31M
SG&A % of Revenue	18.58%	18.46%	19.47%	19.35%	19.19%	20.02%	20.52%	21.84%	21.18%	21.58%
Research & Development	101.95M	98.68M	113.22M	124.03M	127.99M	122.85M	134.69M	137.91M	143.2M	158.19M
R&D % of Revenue	13.55%	12.97%	14.34%	14.17%	12.84%	12.4%	12.87%	12.66%	12.25%	13.21%
Other Operating Expenses	-624K	-5.31M	-1.64M	550K	26.26M	28.25M	29.7M	69.91M	39.52M	34.95M
Operating Income+	113.14M	132.63M	105.69M	104.93M	126.11M	105.56M	124.19M	78.75M	123.88M	131.33M
Operating Margin %	15.03%	17.43%	13.38%	11.99%	12.65%	10.66%	11.87%	7.23%	10.59%	10.97%
Operating Income Growth %	49.48%	17.23%	-20.32%	-0.71%	20.18%	-16.3%	17.65%	-36.59%	57.31%	6.02%
EBITDA+	157.2M	173.87M	148.57M	165.83M	193.23M	172.43M	196.99M	155.7M	195.13M	203.84M
EBITDA Margin %	20.89%	22.85%	18.82%	18.95%	19.38%	17.41%	18.82%	14.29%	16.69%	17.03%
EBITDA Growth %	27.46%	10.61%	-14.55%	11.62%	16.52%	-10.77%	14.24%	-20.96%	25.33%	4.46%
D&A (Non-Cash Add-back)	44.06M	41.24M	42.88M	60.9M	67.12M	66.87M	72.8M	76.95M	71.25M	72.51M
EBIT	113.55M	121.13M	107.29M	107.32M	126.29M	103.84M	118.54M	77.21M	123.53M	142.74M
Net Interest Income+	-16.18M	-18.67M	-16.34M	-17.68M	-18.78M	-17.24M	-17.23M	-15.55M	-26.84M	-21.78M
Interest Income	1.04M	2.46M	3.25M	2.65M	1.78M	1.24M	365K	877K	4.34M	8.69M
Interest Expense	17.21M	21.13M	19.58M	20.33M	20.57M	18.48M	17.59M	16.43M	31.18M	30.47M
Other Income/Expense	-16.8M	-32.63M	-17.98M	-17.95M	-20.39M	-20.2M	-23.24M	-17.97M	-31.53M	-19.06M
Pretax Income+	96.34M	100M	87.71M	86.99M	105.72M	85.36M	100.95M	60.78M	92.35M	112.27M
Pretax Margin %	12.8%	13.14%	11.11%	9.94%	10.61%	8.62%	9.65%	5.58%	7.9%	9.38%
Income Tax+	33.77M	37.12M	26.35M	20.86M	22.95M	26.64M	28.61M	16.72M	26.11M	25.42M
Effective Tax Rate %	64.94%	62.88%	69.96%	76.02%	78.29%	68.78%	71.65%	72.49%	71.73%	77.36%
Net Income+	62.57M	62.88M	61.36M	66.13M	82.77M	58.71M	72.33M	44.06M	66.25M	86.85M
Net Margin %	8.31%	8.26%	7.77%	7.56%	8.3%	5.93%	6.91%	4.04%	5.67%	7.25%
Net Income Growth %	69.29%	0.5%	-2.41%	7.77%	25.16%	-29.07%	23.2%	-39.09%	50.35%	31.11%
Net Income (Continuing)	62.57M	62.88M	61.36M	66.13M	82.77M	58.71M	72.33M	44.06M	66.25M	86.85M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	3.63M	0	0	0
EPS (Diluted)+	1.87	1.90	1.87	2.01	2.55	1.82	2.26	1.41	2.20	3.03
EPS Growth %	70%	1.6%	-1.58%	7.49%	26.87%	-28.63%	24.18%	-37.61%	56.03%	37.73%
EPS (Basic)	2.01	2.03	1.89	2.04	2.58	1.83	2.28	1.42	2.21	3.06
Diluted Shares Outstanding	33.44M	33.01M	32.87M	32.85M	32.47M	32.28M	32.01M	31.3M	30.11M	28.66M
Basic Shares Outstanding	31.05M	30.97M	32.41M	32.49M	32.05M	32.01M	31.78M	31.03M	29.94M	28.34M
Dividend Payout Ratio	35.54%	38.34%	43.76%	42.31%	35.19%	52.9%	45.05%	75.98%	51.22%	30.64%

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	518.23M	559.94M	554.27M	599.57M	669.08M	714.59M	748.2M	765.96M	862.23M	900.88M
Cash & Short-Term Investments	240.94M	276.5M	261.36M	162.88M	182.66M	240.3M	233.67M	150.44M	186.26M	161.79M
Cash Only	132.63M	126.35M	122.24M	139.28M	156.55M	188.7M	205.63M	150.37M	186.26M	161.79M
Short-Term Investments	108.31M	150.15M	139.12M	23.6M	26.11M	51.6M	28.04M	71K	0	0
Accounts Receivable	224M	251.69M	264.56M	279.77M	281.81M	266.57M	286.53M	328.29M	351.19M	349.68M
Days Sales Outstanding	108.65	120.72	122.3	116.7	103.19	98.23	99.94	109.96	109.63	106.6
Inventory	18.14M	0	0	0	0	0	0	0	0	0
Days Inventory Outstanding	17.43	-	-	-	-	-	-	-	-	-
Other Current Assets	35.15M	31.75M	28.35M	156.91M	204.62M	207.72M	227.99M	287.23M	324.77M	389.42M
Total Non-Current Assets+	359.01M	331.94M	350.27M	514.79M	613.95M	617.41M	638.95M	582.6M	580.82M	599.8M
Property, Plant & Equipment	35.99M	33.12M	44.65M	81.81M	179.28M	192.51M	159.61M	121.47M	99.83M	80.76M
Fixed Asset Turnover	20.91x	22.98x	17.68x	10.70x	5.56x	5.15x	6.56x	8.97x	11.71x	14.82x
Goodwill	219.72M	201.09M	210.08M	255.82M	259.16M	272.32M	321.33M	304.04M	308.6M	316.04M
Intangible Assets	74.83M	71.1M	70.53M	101.86M	138.38M	121.7M	133.58M	122.93M	104.52M	120.11M
Long-Term Investments	0	0	0	37.29M	0	0	0	0	0	0
Other Non-Current Assets	20.08M	12.41M	10.95M	26.93M	27.74M	20.66M	15.84M	7.96M	10.02M	9.6M
Total Assets+	877.23M	891.88M	904.53M	1.11B	1.28B	1.33B	1.39B	1.35B	1.44B	1.5B
Asset Turnover	0.86x	0.85x	0.87x	0.79x	0.78x	0.74x	0.75x	0.81x	0.81x	0.80x
Asset Growth %	2.14%	1.67%	1.42%	23.2%	15.14%	3.82%	4.14%	-2.78%	7.01%	3.99%
Total Current Liabilities+	360.12M	291.87M	222.59M	350.39M	418.69M	436.26M	695.1M	527.21M	560.84M	615.21M
Accounts Payable	43.39M	35.12M	38.42M	45.39M	32.7M	29.83M	35.4M	47.72M	46.41M	36.37M
Days Payables Outstanding	41.71	34.17	35.52	36.83	22.73	20.33	23.78	30.82	27.54	21.6
Short-Term Debt	148.87M	49.43M	22.5M	7.5M	10.31M	14.06M	237.5M	37.5M	7.5M	7.5M
Deferred Revenue (Current)	75.6M	78.98M	72.94M	77.13M	83.78M	92.35M	97.29M	86.5M	41.03M	95.87M
Other Current Liabilities	56.67M	127.52M	55.59M	195.94M	266.65M	270.74M	301.24M	329.02M	364.25M	388.65M
Current Ratio	1.44x	1.92x	2.49x	1.71x	1.60x	1.64x	1.08x	1.45x	1.54x	1.46x
Quick Ratio	1.39x	1.92x	2.49x	1.71x	1.60x	1.64x	1.08x	1.45x	1.54x	1.46x
Cash Conversion Cycle	84.37	-	-	-	-	-	-	-	-	-
Total Non-Current Liabilities+	171.27M	348.65M	339.19M	402.95M	467.68M	473.35M	251.8M	466.1M	608.88M	602.91M
Long-Term Debt	130.26M	326.99M	309.24M	352.33M	346.51M	337.15M	137.22M	375.47M	535M	531M
Capital Lease Obligations	0	0	0	0	78.94M	95.93M	70.07M	53.21M	34.36M	25.02M
Deferred Tax Liabilities	9.24M	99K	4.58M	8.21M	6.38M	5.11M	7.75M	117K	123K	94K
Other Non-Current Liabilities	17.2M	14.86M	13.03M	24.89M	17.3M	17.88M	17.16M	15.31M	15.96M	20.33M
Total Liabilities	531.39M	640.52M	561.79M	753.34M	886.37M	909.61M	946.9M	993.3M	1.17B	1.22B
Total Debt+	284.58M	376.42M	331.74M	359.83M	458.2M	469.79M	468.06M	487.19M	592.8M	574.58M
Net Debt	151.95M	250.07M	209.49M	220.55M	301.65M	281.1M	262.42M	336.82M	406.54M	412.8M
Debt / Equity	0.82x	1.50x	0.97x	1.00x	1.16x	1.11x	1.06x	1.37x	2.17x	2.03x
Debt / EBITDA	1.81x	2.16x	2.23x	2.17x	2.37x	2.72x	2.38x	3.13x	3.04x	2.82x
Net Debt / EBITDA	0.97x	1.44x	1.41x	1.33x	1.56x	1.63x	1.33x	2.16x	2.08x	2.03x
Interest Coverage	6.57x	6.28x	5.40x	5.16x	6.13x	5.71x	7.06x	4.79x	3.97x	4.31x
Total Equity+	345.85M	251.36M	342.75M	361.02M	396.66M	422.39M	440.24M	355.25M	273.33M	282.57M
Equity Growth %	-5.95%	-27.32%	36.36%	5.33%	9.87%	6.49%	4.23%	-19.31%	-23.06%	3.38%
Book Value per Share	10.34	7.61	10.43	10.99	12.22	13.09	13.75	11.35	9.08	9.86
Total Shareholders' Equity	345.85M	251.36M	342.75M	361.02M	396.66M	422.39M	436.61M	355.25M	273.33M	282.57M
Common Stock	672K	672K	689K	693K	696K	700K	705K	708K	713K	718K
Retained Earnings	675.43M	714.85M	749.44M	795.13M	848.62M	876.4M	916.06M	936.22M	968.13M	1.02B
Treasury Stock	-814.44M	-826M	-814.73M	-842.36M	-867.82M	-894.13M	-930.11M	-1.02B	-1.14B	-1.19B
Accumulated OCI	-26.39M	-45.37M	-28.82M	-42.94M	-39.5M	-31.14M	-38.35M	-58.83M	-50.41M	-62.29M
Minority Interest	0	0	0	0	0	0	3.63M	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	136.96M	84.19M	127.19M	143.34M	151.04M	172.99M	140.22M	63.6M	131.9M	135.72M
Operating CF Margin %	18.2%	11.06%	16.11%	16.38%	15.15%	17.46%	13.4%	5.84%	11.28%	11.34%
Operating CF Growth %	63.73%	-38.53%	51.09%	12.69%	5.37%	14.53%	-18.94%	-54.65%	107.39%	2.9%
Net Income	62.57M	62.88M	61.36M	66.13M	82.77M	58.71M	72.33M	44.06M	66.25M	86.85M
Depreciation & Amortization	44.06M	41.24M	42.88M	62.63M	67.12M	66.87M	72.8M	76.95M	69.29M	72.51M
Stock-Based Compensation	21.13M	22.71M	21.05M	19.36M	19.92M	25.24M	21.4M	27.24M	28.99M	33.56M
Deferred Taxes	-16.11M	-2.81M	7.11M	4.91M	-77K	-1.03M	2.39M	-27.63M	-23.56M	-16.5M
Other Non-Cash Items	2.19M	2.09M	5.74M	5.22M	2.89M	13.91M	9.88M	39.13M	-100K	18K
Working Capital Changes	23.12M	-41.94M	-10.95M	-14.92M	-21.59M	9.3M	-38.58M	-96.16M	-8.97M	-40.72M
Change in Receivables	1.83M	-23.24M	-6.42M	-138K	-4.01M	14.66M	-10.28M	-51.01M	-22.4M	4.13M
Change in Inventory	-5.39M	255K	2.88M	0	0	0	0	0	0	0
Change in Payables	13.92M	-5.74M	-4.38M	-7.15M	0	0	0	0	12.54M	-38.49M
Cash from Investing+	-16.72M	-52.14M	-29.9M	-86.14M	-56.64M	-66.26M	-66.71M	-9.04M	-27.91M	-5.13M
Capital Expenditures	-26.86M	-21.85M	-41.12M	-57.1M	0	-29.4M	-26.56M	-36.99M	-27.98M	-22.42M
CapEx % of Revenue	3.57%	2.87%	5.21%	6.53%	3.74%	2.97%	2.54%	3.39%	2.39%	1.87%
Acquisitions	-1.3M	8.85M	12.18M	-144.79M	-17.19M	-11.49M	-63.63M	0	0	17.29M
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	3.42M	-37.88M	-12.18M	115.76M	-37.32M	0	0	0	0	0
Cash from Financing+	-64.6M	-42.95M	-105.49M	-37.51M	-35.92M	-92.11M	-33.39M	-51.69M	-31.3M	-79.92M
Debt Issued (Net)	22.5M	6.82M	-49.77M	24.38M	-7.5M	-10.31M	21.56M	25.2M	142.5M	-7.5M
Equity Issued (Net)	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K
Dividends Paid	-22.24M	-24.11M	-26.85M	-27.98M	-29.13M	-31.06M	-32.59M	-33.48M	-33.93M	-26.61M
Share Repurchases	-65.03M	-25.2M	-30.65M	-34.73M	-30.92M	-38.12M	-42.25M	-96.72M	-127.06M	-67.75M
Other Financing	-1.39M	-2.02M	0	-1.49M	29.39M	-15.14M	17.28M	50.34M	-16.09M	18.86M
Net Change in Cash	50.92M	-6.28M	-4.11M	17.03M	59.58M	17.08M	37.17M	-2.88M	74.86M	42.89M
Free Cash Flow+	110.1M	62.34M	86.07M	86.24M	113.72M	143.6M	113.66M	26.61M	103.92M	113.3M
FCF Margin %	14.63%	8.19%	10.9%	9.86%	11.41%	14.5%	10.86%	2.44%	8.89%	9.46%
FCF Growth %	111.45%	-43.38%	38.08%	0.19%	31.87%	26.27%	-20.85%	-76.59%	290.58%	9.02%
FCF per Share	3.29	1.89	2.62	2.62	3.50	4.45	3.55	0.85	3.45	3.95
FCF Conversion (FCF/Net Income)	2.19x	1.34x	2.07x	2.17x	1.82x	2.95x	1.94x	1.44x	1.99x	1.56x
Interest Paid	8.38M	12.19M	14.73M	15.86M	16.06M	13.68M	12.88M	18.31M	24.73M	27.12M
Taxes Paid	41.86M	53.02M	22.14M	10.43M	18.36M	22.43M	36.69M	34.67M	51.67M	39.94M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	17.54%	21.06%	20.66%	18.79%	21.85%	14.34%	16.77%	11.08%	21.08%	31.25%
Return on Invested Capital (ROIC)	16.32%	19.91%	15.05%	13.88%	14.78%	11.29%	13.25%	8.47%	13.54%	14.32%
Gross Margin	49.54%	50.7%	50%	48.6%	47.32%	45.93%	48.09%	48.14%	47.4%	48.68%
Net Margin	8.31%	8.26%	7.77%	7.56%	8.3%	5.93%	6.91%	4.04%	5.67%	7.25%
Debt / Equity	0.82x	1.50x	0.97x	1.00x	1.16x	1.11x	1.06x	1.37x	2.17x	2.03x
Interest Coverage	6.57x	6.28x	5.40x	5.16x	6.13x	5.71x	7.06x	4.79x	3.97x	4.31x
FCF Conversion	2.19x	1.34x	2.07x	2.17x	1.82x	2.95x	1.94x	1.44x	1.99x	1.56x
Revenue Growth	0.16%	1.12%	3.76%	10.83%	13.91%	-0.63%	5.65%	4.13%	7.3%	2.39%

CSG Systems International, Inc. (CSGS) 10-Year Financial Performance & Capital Metrics

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CSG Systems International, Inc. (CSGS) 10-Year Financial Performance & Capital Metrics

Key Insights

✓Strengths

✗Weaknesses

Price & Volume

Growth Metrics

Revenue CAGR

Profit (Net Income) CAGR

EPS CAGR

ROCE

Peer Comparison

Compare CSGS vs Peers

vs XYZ

vs CPAY

Compare Top 5

Profit & Loss

Balance Sheet

Cash Flow

Key Ratios

Deep Dive Analysis

Valuation Overview

Total Return Calculator

Dividend History

Earnings History

Price History

Revenue History

Financial Ratios