CASS
Cass Information Systems, Inc.
CASS's fundamentals are strong: its operating margin rose 5 points to 23% and revenue grew 5%, though free cash flow fell 26%. Its PE isn't a useful guide right now because of how its recent earnings were reported.
CASS Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Stable | |
| Strong |
CASS's revenue, profitability and balance sheet are currently healthy, and its cash flow is stable.
CASS PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 16x | $55.33 | — |
| Cheap | 17x | $48.78 | -12% |
| Current | 19x | $55.33 | — |
| Fair | 20x | $58.10 | +5% |
| Expensive | 25x | $71.98 | +30% |
Historical ranges are pointers, not guarantees.
CASS's PE is 19x, but its earnings don't support one, so it isn't a reliable read right now.
CASS Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for CASS, with profitability improving.
CASS Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $3.45 | +19% |
| Q3 2026 | $2.90 | +24% |
| Q2 2026 | $2.77 | +48% |
| Q1 2026 | $2.62 | +71% |
| Q4 2025 | $2.61 | +88% |
| Q3 2025 | $2.34 | +41% |
| Q2 2025 | $1.87 | -6% |
| Q1 2025 | $1.53 | -30% |
| Q4 2024 | $1.39 | -36% |
CASS earned $2.90 per share over the past year, up 24% from the year before. Its recent earnings include one-off gains.
CASS Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $52.5M | +5.3% |
| Q2 2026 | $50.5M | +14% |
| Q1 2026 | $49.2M | +3.9% |
| Q4 2025 | $49.5M | -1.9% |
| Q3 2025 | $49.9M | -1.1% |
| Q2 2025 | $44.4M | -9.3% |
| Q1 2025 | $47.3M | -4.9% |
| Q4 2024 | $50.5M | -0.1% |
CASS's revenue has picked up after two years of holding roughly level: $52M last quarter, up 5.3% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 25% | +1.3 points |
| Q2 2026 | 26% | +12 points |
| Q1 2026 | 22% | -0.8 points |
| Q4 2025 | 20% | +8.8 points |
| Q3 2025 | 23% | +16 points |
| Q2 2025 | 14% | +2.3 points |
| Q1 2025 | 23% | +4.9 points |
| Q4 2024 | 11% | -9.1 points |
CASS's operating margin was 25% last quarter, up 1.3 points from the same quarter a year ago.
CASS Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $2.7M | -76% |
| Q2 2026 | $13.8M | +$16.5M |
| Q1 2026 | $12.7M | -33% |
| Q4 2025 | $4.1M | -76% |
| Q3 2025 | $11.3M | +$13.6M |
| Q2 2025 | -$2.6M | -130% |
| Q1 2025 | $19M | +208% |
| Q4 2024 | $17.1M | +558% |
CASS generated $33M in free cash flow over the past year, down 26% from the year before.
CASS Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.2% | -27.5K shares |
| 1 year | -2.7% | -358K shares |
| 3 years | -5.4% | -751K shares |
| 5 years | -8.7% | -1.2M shares |
| Available history | -11% | -1.7M shares |
CASS has 13M diluted shares, down 2.7% from a year ago, with $14M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | $3.1M |
| Q1 2026 | $2.9M |
| Q4 2025 | $8.3M |
| Q3 2025 | $6.7M |
| Q2 2025 | $5.9M |
| Q1 2025 | $5.1M |
| Q4 2024 | $3.5M |
CASS spent $14M buying back its own shares over the past year, down 33% from the year before.
CASS Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.4x | Net Cash |
| Q2 2026 | 0.7x | Very low |
| Q1 2026 | 2.4x | Moderate |
| Q4 2025 | -0.6x | Net Cash |
| Q3 2025 | -0.7x | Net Cash |
| Q2 2025 | -0.2x | Net Cash |
| Q1 2025 | -0.4x | Net Cash |
| Q4 2024 | -0.6x | Net Cash |
CASS has more cash than debt.
CASS Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 59.8 | Neutral |
| Stochastic | 30.2 | Neutral |
CASS's weekly RSI is 60 (neutral) and its Stochastic is 30 (neutral).
CASS PE vs Industrials Sector
| Metric | CASS | Sector median | Relative |
|---|---|---|---|
| PE | 19x | 24x | 21% below |
| PE % | 40 | 58 | 18 pts below |
CASS is trading at 19x earnings, a 21% discount to the Industrials sector's median of 24x, though its earnings don't support one.
CASS Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $54.2 | 2.1% above |
| 20 week MA | $54.8 | 0.9% above |
| 50 week MA | $49.2 | 12% above |
| 100 week MA | $45.4 | 22% above |
| 200 week MA | $43.9 | 26% above |
CASS is in an uptrend: it's above all five of its weekly moving averages, and 26% above its 200-week average.
CASS Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $58.5 | $38.1 | -35% |
| 2021 | $38.1 | $40.3 | +5.7% |
| 2022 | $40.3 | $44.6 | +11% |
| 2023 | $44.6 | $45.1 | +0.9% |
| 2024 | $45.1 | $41.0 | -8.9% |
| 2025 | $41.0 | $42.3 | +3.1% |
| 2026 YTD | $42.3 | $55.3 | +31% |
CASS has finished higher in four of the last six years. It's up 31% so far in 2026.