Cass Information Systems, Inc. (CASS) Key Metrics
CASS valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $698.6M
- Enterprise value
- $555.9M
- P/E (TTM)
- 19.7 10-yr median 24.3
- Forward P/E
- 18.6
- PEG ratio
- —
- Price / sales
- 3.3 10-yr median 3.7
- Price / book
- 2.8 10-yr median 2.9
- EV / EBITDA
- — 10-yr median 11.8
- Dividend yield
- 2.34% $1.28 a year
- Beta
- 0.40
CASS key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsCASS valuation Price multiples at each fiscal year-end price.
CASS returns How much profit the business earns on the capital it uses.
CASS per-share figures Results divided by the shares outstanding at year-end.
CASS financial health Debt, liquidity and how easily interest is covered.
CASS efficiency & capital use Working capital cycle and where the cash goes.
CASS valuation history
CASS returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
CASS debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
CASS cash returned to shareholders
CASS price vs earnings per share
CASS key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $559.0M | $563.6M | $622.4M | $632.7M | $563.5M | $566.8M | $848.3M | $789.1M | $723.5M | $831.8M |
| Enterprise value | $171.2M | −$306.7M | −$368.7M | −$313.2M | −$246.9M | −$97.5M | $662.4M | $561.9M | $480.1M | $699.9M |
| P/E ratio | 15.9 | 29.4 | 20.7 | 18.1 | 19.7 | 22.5 | 27.9 | 26.1 | 28.9 | 34.2 |
| Price / sales | 2.9 | 2.6 | 2.9 | 3.4 | 3.6 | 3.8 | 5.2 | 5.2 | 5.3 | 6.6 |
| Price / book | 2.3 | 2.5 | 2.7 | 3.1 | 2.3 | 2.2 | 3.5 | 3.4 | 3.2 | 4.0 |
| Price / free cash flow | 17.6 | 19.0 | 27.5 | 13.8 | 18.7 | 12.4 | 21.5 | 18.0 | 20.8 | 27.3 |
| Price / operating cash flow | 14.9 | 14.5 | 16.9 | 12.3 | 16.3 | 11.9 | 20.1 | 16.3 | 18.6 | 23.6 |
| EV / sales | 0.9 | -1.4 | -1.7 | -1.7 | -1.6 | -0.7 | 4.1 | 3.7 | 3.5 | 5.6 |
| EV / EBITDA | 3.7 | — | — | — | — | — | 15.7 | 11.8 | 10.4 | 16.9 |
| EV / free cash flow | 5.4 | — | — | — | — | — | 16.8 | 12.8 | 13.8 | 22.9 |
| Earnings yield | 6.3% | 3.4% | 4.8% | 5.5% | 5.1% | 4.4% | 3.6% | 3.8% | 3.5% | 2.9% |
| Free cash flow yield | 5.7% | 5.3% | 3.6% | 7.2% | 5.4% | 8.1% | 4.6% | 5.6% | 4.8% | 3.7% |
| Dividend yield | 3.0% | 2.9% | 2.6% | 2.4% | 2.7% | 2.8% | 1.8% | 1.7% | 1.5% | 1.2% |
| Shareholder yield (dividends + buybacks) | 7.6% | 4.2% | 3.5% | 3.3% | 8.2% | 4.0% | 2.7% | 2.8% | 1.8% | 2.3% |
| Share price at fiscal year-end | $41.52 | $40.91 | $45.05 | $45.82 | $39.32 | $38.91 | $57.74 | $52.92 | $48.51 | $55.73 |
| Per share | ||||||||||
| Revenue per share | $14.19 | $15.96 | $15.43 | $13.57 | $10.83 | $10.17 | $11.07 | $10.19 | $9.22 | $8.45 |
| Earnings per share | $2.61 | $1.39 | $2.18 | $2.53 | $2.00 | $1.73 | $2.07 | $2.03 | $1.68 | $1.63 |
| Operating cash flow per share | $2.78 | $2.83 | $2.67 | $3.74 | $2.41 | $3.28 | $2.87 | $3.24 | $2.61 | $2.36 |
| Free cash flow per share | $2.36 | $2.15 | $1.64 | $3.31 | $2.11 | $3.14 | $2.68 | $2.95 | $2.33 | $2.04 |
| Cash per share | $29.14 | $63.71 | $72.35 | $69.19 | $82.93 | $46.03 | $13.88 | $42.65 | $42.91 | $36.13 |
| Book value per share | $18.05 | $16.62 | $16.63 | $14.94 | $17.15 | $17.93 | $16.62 | $15.42 | $15.09 | $13.94 |
| Tangible book value per share | $15.37 | $15.08 | $15.14 | $13.39 | $15.98 | $16.71 | $15.36 | $14.47 | $14.11 | $13.03 |
| Dividends per share | $1.23 | $1.19 | $1.16 | $1.12 | $1.08 | $1.07 | $1.04 | $0.88 | $0.72 | $0.67 |
| Capex per share | $0.42 | $0.68 | $1.04 | $0.42 | $0.30 | $0.14 | $0.19 | $0.30 | $0.28 | $0.31 |
| Debt per share | $0.33 | $0.54 | $0.61 | $0.69 | $26.38 | $0.42 | $1.23 | $27.41 | $26.59 | $27.29 |
| Shares outstanding | 13.5M | 13.8M | 13.8M | 13.8M | 14.3M | 14.6M | 14.7M | 14.9M | 14.9M | 14.9M |
| Change in shares outstanding | −2.3% | −0.3% | +0.1% | −3.6% | −1.6% | −0.9% | −1.5% | −0.0% | −0.1% | −1.9% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 14.9% | 8.4% | 13.8% | 15.4% | 11.3% | 10.0% | 12.8% | 13.3% | 11.6% | 11.7% |
| Return on invested capital (ROIC) | — | — | — | — | — | — | 99.9% | — | — | 26.0% |
| Return on assets (ROA) | 1.4% | 0.8% | 1.2% | 1.4% | 1.2% | 1.3% | 1.8% | 1.8% | 1.6% | 1.6% |
| Return on tangible assets | 1.4% | 0.8% | 1.2% | 1.4% | 1.1% | 1.2% | 1.7% | 1.8% | 1.6% | 1.6% |
| Free cash flow margin | 16.6% | 13.5% | 10.6% | 24.4% | 19.4% | 30.9% | 24.2% | 28.9% | 25.3% | 24.2% |
| Income quality (OCF / net income) | 1.07 | 2.03 | 1.23 | 1.48 | 1.21 | 1.90 | 1.39 | 1.60 | 1.55 | 1.45 |
| Financial health | ||||||||||
| Total debt | $4.5M | $7.4M | $8.5M | $9.5M | $378.1M | $6.2M | $18.0M | $408.7M | $396.5M | $407.3M |
| Cash & short-term investments | $392.3M | $877.7M | $999.6M | $955.4M | $1.19B | $670.5M | $204.0M | $635.9M | $640.0M | $539.2M |
| Net debt | −$387.8M | −$870.3M | −$991.1M | −$945.9M | −$810.3M | −$664.3M | −$186.0M | −$227.2M | −$243.5M | −$131.9M |
| Debt / equity | 0.02 | 0.03 | 0.04 | 0.05 | 1.54 | 0.02 | 0.07 | 1.78 | 1.76 | 1.96 |
| Debt / assets | 0.00 | 0.00 | 0.00 | 0.00 | 0.15 | 0.00 | 0.01 | 0.24 | 0.25 | 0.27 |
| Net debt / EBITDA | −8.44 | −28.81 | −23.35 | −19.87 | −20.78 | −18.62 | −4.40 | −4.77 | −5.27 | −3.18 |
| Current ratio | 1.10 | 0.80 | 0.76 | 0.72 | 0.79 | 0.94 | 0.82 | 0.92 | 0.11 | 0.20 |
| Quick ratio | 1.10 | 0.80 | 0.76 | 0.59 | 0.56 | 1.06 | 1.22 | 0.92 | 1.64 | 0.20 |
| Interest coverage | 2.4 | — | 323.0 | 12.3 | 28.9 | — | — | 9.7 | 16.0 | 15.8 |
| Working capital | $107.6M | −$423.0M | −$517.6M | −$655.8M | −$477.6M | −$103.9M | −$251.1M | −$58.5M | −$585.8M | −$512.4M |
| Invested capital | −$144.8M | −$641.3M | −$761.3M | −$739.6M | −$564.5M | −$403.2M | $58.2M | $2.7M | −$18.4M | $76.1M |
| Tangible asset value | $206.9M | $207.8M | $209.2M | $184.9M | $229.0M | $243.5M | $225.6M | $215.7M | $156.5M | $194.4M |
| Net current asset value | −$1.13B | −$483.3M | −$565.6M | −$706.8M | −$549.2M | −$197.3M | −$347.9M | −$829.5M | −$1.36B | −$1.17B |
| Graham number | $32.55 | $22.81 | $28.54 | $29.15 | $27.76 | $26.40 | $27.82 | $26.53 | $23.86 | $22.62 |
| Graham net-net per share | −$84.15 | −$90.46 | −$84.41 | −$86.26 | −$59.98 | −$49.18 | −$69.67 | −$19.85 | −$53.03 | −$17.86 |
| Capital allocation | ||||||||||
| Dividends paid | $16.5M | $16.5M | $16.0M | $15.4M | $15.4M | $15.6M | $15.2M | $13.2M | $10.7M | $10.0M |
| Share buybacks (net) | $26.0M | $7.2M | $5.8M | $5.3M | $31.0M | $6.8M | $7.8M | $8.8M | $2.3M | $9.2M |
| Dividend payout ratio | 47.0% | 85.9% | 53.1% | 44.2% | 54.0% | 62.0% | 50.1% | 43.5% | 42.7% | 41.0% |
| Dividends + buybacks / free cash flow | 133.8% | 80.1% | 96.1% | 45.3% | 153.9% | 49.0% | 58.5% | 50.1% | 37.2% | 62.9% |
| Capex / revenue | 3.0% | 4.2% | 6.7% | 3.1% | 2.8% | 1.4% | 1.7% | 2.9% | 3.0% | 3.7% |
| Capex / operating cash flow | 15.1% | 24.0% | 38.8% | 11.4% | 12.6% | 4.2% | 6.5% | 9.1% | 10.6% | 13.3% |
| Capex / depreciation | 0.79 | 1.56 | 2.88 | 1.25 | 0.84 | 0.18 | 0.25 | 0.39 | 0.36 | 0.50 |
| Stock-based compensation / revenue | 2.2% | 1.4% | 1.9% | 3.6% | 1.8% | 1.5% | 1.9% | 2.0% | 1.7% | 1.6% |
| R&D / revenue | — | — | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| SG&A / revenue | 59.2% | 6.7% | 3.2% | 3.5% | 4.2% | 4.0% | 4.8% | 60.6% | 60.2% | 61.9% |
| Efficiency | ||||||||||
| Days sales outstanding | 1,120.2 | 138.2 | 176.7 | 98.2 | 1,040.4 | 2,022.8 | 1,653.0 | 1,665.8 | 1,766.4 | 1,885.0 |
| Days of inventory on hand | — | — | 2,075.7 | 11,496.9 | 4,845.4 | -5,624.5 | -6,895.8 | -14,740.2 | -17,937.3 | -24,189.2 |
| Days payables outstanding | 29,694.0 | 12,462.5 | 14,963.3 | 30,001.1 | 29,887.6 | 11,139.1 | 17,033.7 | 20,543.6 | 24,076.4 | 23,842.2 |
| Cash conversion cycle (days) | -28,573.8 | -12,324.3 | -12,710.9 | -18,406.0 | -24,001.7 | -14,740.8 | -22,276.5 | -33,618.0 | -40,247.4 | -46,146.4 |
| Receivables turnover | 0.33 | 2.64 | 2.07 | 3.72 | 0.35 | 0.18 | 0.22 | 0.22 | 0.21 | 0.19 |
| Payables turnover | 0.01 | 0.03 | 0.02 | 0.01 | 0.01 | 0.03 | 0.02 | 0.02 | 0.02 | 0.02 |
| Inventory turnover | — | — | 0.18 | 0.03 | 0.08 | — | — | — | — | — |
| Asset turnover | 0.08 | 0.09 | 0.08 | 0.07 | 0.07 | 0.07 | 0.09 | 0.09 | 0.09 | 0.09 |
| Average receivables | $586.5M | $83.3M | $103.2M | $50.4M | $442.4M | $820.9M | $736.7M | $693.7M | $665.4M | $651.1M |
| Average payables | $1.13B | $1.10B | $1.07B | $1.06B | $942.9M | $759.8M | $689.3M | $705.1M | $679.1M | $609.8M |
| Average inventory | — | — | $148.4M | $405.8M | $152.9M | −$383.7M | −$279.1M | −$505.9M | −$505.9M | −$618.6M |
| Intangibles / total assets | 1.4% | 0.9% | 0.8% | 0.8% | 0.7% | 0.8% | 1.1% | 0.8% | 0.9% | 0.9% |
Computed from CASS's annual financial statements (latest annual report filed March 6, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
CASS valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Cass Information Systems traded at 15.9 times earnings, against a 10-year median of 24.3. Based on the latest twelve months, the trailing P/E is 19.7 and the forward P/E is 18.6. Cass Information Systems earned a return on equity of 14.9% in fiscal 2025. It ended the year with $4.5 million of debt and $392.3 million in cash and short-term investments, a net cash position of $387.8 million. It returned $42.5 million to shareholders: $16.5 million in dividends and $26.0 million in share buybacks, 134% of free cash flow. The share count fell 9.8% from 14.9M to 13.5M over 9 years.
See the CASS income statement, the CASS chart for price history, or the CASS stock overview for the latest quote and news.
CASS key metrics FAQ
What is Cass Information Systems's P/E ratio?
Cass Information Systems's trailing P/E ratio is 19.7 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 18.6. At the end of fiscal 2025 it was 15.9, compared with a 10-year median of 24.3.
What is Cass Information Systems's EV/EBITDA?
Cass Information Systems's enterprise value was 3.7 times EBITDA at the end of fiscal 2025 (enterprise value $171.2 million, EBITDA $46.0 million).
What is Cass Information Systems's return on equity?
Cass Information Systems's return on equity (ROE) was 14.9% in fiscal 2025: net income of $35.1 million on average shareholders' equity of $236.0 million.
How much debt does Cass Information Systems have?
Cass Information Systems had total debt of $4.5 million at the end of fiscal 2025, a debt-to-equity ratio of 0.02 and more cash than debt.
What is Cass Information Systems's dividend yield?
Cass Information Systems's forward dividend yield is 2.34%. Cass Information Systems paid $16.5 million in dividends in fiscal 2025 ($1.23 per share), a payout ratio of 47.0%.
Does Cass Information Systems buy back its shares?
Yes. Cass Information Systems spent $26.0 million on net share repurchases in fiscal 2025 Shares outstanding changed −2.3% over the year, to 13.5M..
What is Cass Information Systems's free cash flow yield?
Cass Information Systems generated $31.8 million of free cash flow in fiscal 2025, a free cash flow yield of 5.7% on its market value at year-end ($559.0 million).
What is Cass Information Systems's current ratio?
Cass Information Systems's current ratio was 1.10 at the end of fiscal 2025: current assets were 1.10 times current liabilities.