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Side-by-side financial comparison of CBIZ, Inc. (CBZ) and SPORTSMAN'S WAREHOUSE HOLDINGS, INC. (SPWH). Click either name above to swap in a different company.

CBIZ, Inc. is the larger business by last-quarter revenue ($542.7M vs $331.3M, roughly 1.6× SPORTSMAN'S WAREHOUSE HOLDINGS, INC.). SPORTSMAN'S WAREHOUSE HOLDINGS, INC. runs the higher net margin — 0.0% vs -14.6%, a 14.6% gap on every dollar of revenue. On growth, CBIZ, Inc. posted the faster year-over-year revenue change (100.0% vs 2.2%). CBIZ, Inc. produced more free cash flow last quarter ($175.5M vs $8.7M). Over the past eight quarters, CBIZ, Inc.'s revenue compounded faster (13.7% CAGR vs -5.4%).

CBIZ, Inc. is a national provider of financial, insurance and advisory services headquartered in Independence, Ohio. CBIZ is one of the largest accounting, insurance brokerage, financial and advisory services providers in the United States with more than 120 offices and nearly 7,000 employees. Its common stock has been traded on the New York Stock Exchange since 1996, under the symbol "CBZ" since 1997.

Sportsman's Warehouse is an American outdoor sporting goods retailer which operates in 29 states across the United States. Sportsman's Warehouse sells apparel, footwear, and gear which caters to sportsmen and sportswomen with interests in hunting, shooting, reloading, camping, fishing, and other outdoor recreational activities.

CBZ vs SPWH — Head-to-Head

Bigger by revenue
CBZ
CBZ
1.6× larger
CBZ
$542.7M
$331.3M
SPWH
Growing faster (revenue YoY)
CBZ
CBZ
+97.8% gap
CBZ
100.0%
2.2%
SPWH
Higher net margin
SPWH
SPWH
14.6% more per $
SPWH
0.0%
-14.6%
CBZ
More free cash flow
CBZ
CBZ
$166.8M more FCF
CBZ
$175.5M
$8.7M
SPWH
Faster 2-yr revenue CAGR
CBZ
CBZ
Annualised
CBZ
13.7%
-5.4%
SPWH

Income Statement — Q1 FY2026 vs Q3 FY2026

Metric
CBZ
CBZ
SPWH
SPWH
Revenue
$542.7M
$331.3M
Net Profit
$-79.4M
$8.0K
Gross Margin
32.8%
Operating Margin
43.1%
1.3%
Net Margin
-14.6%
0.0%
Revenue YoY
100.0%
2.2%
Net Profit YoY
4.2%
-97.8%
EPS (diluted)
$-1.28
$0.00

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
CBZ
CBZ
SPWH
SPWH
Q1 26
$542.7M
Q4 25
$542.7M
$331.3M
Q3 25
$693.8M
$293.9M
Q2 25
$683.5M
$249.1M
Q1 25
$838.0M
$340.4M
Q4 24
$460.3M
$324.3M
Q3 24
$438.9M
$288.7M
Q2 24
$420.0M
$244.2M
Net Profit
CBZ
CBZ
SPWH
SPWH
Q1 26
$-79.4M
Q4 25
$-79.4M
$8.0K
Q3 25
$30.1M
$-7.1M
Q2 25
$41.9M
$-21.3M
Q1 25
$122.8M
$-8.7M
Q4 24
$-90.7M
$-364.0K
Q3 24
$35.1M
$-5.9M
Q2 24
$19.8M
$-18.1M
Gross Margin
CBZ
CBZ
SPWH
SPWH
Q1 26
Q4 25
-9.4%
32.8%
Q3 25
13.0%
32.0%
Q2 25
12.9%
30.4%
Q1 25
27.2%
30.4%
Q4 24
-13.4%
31.8%
Q3 24
16.6%
31.2%
Q2 24
12.8%
30.2%
Operating Margin
CBZ
CBZ
SPWH
SPWH
Q1 26
43.1%
Q4 25
-15.7%
1.3%
Q3 25
8.5%
-1.1%
Q2 25
8.8%
-7.9%
Q1 25
23.9%
1.1%
Q4 24
-23.2%
1.0%
Q3 24
11.3%
-1.5%
Q2 24
7.5%
-8.4%
Net Margin
CBZ
CBZ
SPWH
SPWH
Q1 26
-14.6%
Q4 25
-14.6%
0.0%
Q3 25
4.3%
-2.4%
Q2 25
6.1%
-8.5%
Q1 25
14.7%
-2.6%
Q4 24
-19.7%
-0.1%
Q3 24
8.0%
-2.0%
Q2 24
4.7%
-7.4%
EPS (diluted)
CBZ
CBZ
SPWH
SPWH
Q1 26
$-1.28
Q4 25
$-1.22
$0.00
Q3 25
$0.48
$-0.18
Q2 25
$0.66
$-0.56
Q1 25
$1.91
$-0.22
Q4 24
$-1.84
$-0.01
Q3 24
$0.70
$-0.16
Q2 24
$0.39
$-0.48

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CBZ
CBZ
SPWH
SPWH
Cash + ST InvestmentsLiquidity on hand
$18.3M
$2.2M
Total DebtLower is stronger
$44.0M
Stockholders' EquityBook value
$1.8B
$209.5M
Total Assets
$4.4B
$913.9M
Debt / EquityLower = less leverage
0.21×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CBZ
CBZ
SPWH
SPWH
Q1 26
$18.3M
Q4 25
$18.3M
$2.2M
Q3 25
$17.0M
$1.8M
Q2 25
$39.8M
$3.6M
Q1 25
$8.8M
$2.8M
Q4 24
$13.8M
$2.7M
Q3 24
$1.1M
$2.6M
Q2 24
$1.1M
$2.2M
Total Debt
CBZ
CBZ
SPWH
SPWH
Q1 26
Q4 25
$44.0M
Q3 25
$43.9M
Q2 25
$24.1M
Q1 25
$24.1M
Q4 24
$24.0M
Q3 24
$24.0M
Q2 24
Stockholders' Equity
CBZ
CBZ
SPWH
SPWH
Q1 26
$1.8B
Q4 25
$1.8B
$209.5M
Q3 25
$1.9B
$208.9M
Q2 25
$1.9B
$215.1M
Q1 25
$1.9B
$235.7M
Q4 24
$1.8B
$243.6M
Q3 24
$927.9M
$243.0M
Q2 24
$891.4M
$247.5M
Total Assets
CBZ
CBZ
SPWH
SPWH
Q1 26
$4.4B
Q4 25
$4.4B
$913.9M
Q3 25
$4.5B
$948.9M
Q2 25
$4.5B
$929.7M
Q1 25
$4.6B
$852.1M
Q4 24
$4.5B
$967.7M
Q3 24
$2.1B
$901.9M
Q2 24
$2.2B
$930.4M
Debt / Equity
CBZ
CBZ
SPWH
SPWH
Q1 26
Q4 25
0.21×
Q3 25
0.21×
Q2 25
0.11×
Q1 25
0.10×
Q4 24
0.10×
Q3 24
0.10×
Q2 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CBZ
CBZ
SPWH
SPWH
Operating Cash FlowLast quarter
$192.5M
$16.3M
Free Cash FlowOCF − Capex
$175.5M
$8.7M
FCF MarginFCF / Revenue
32.3%
2.6%
Capex IntensityCapex / Revenue
2.3%
Cash ConversionOCF / Net Profit
2038.00×
TTM Free Cash FlowTrailing 4 quarters
$444.5M
$-39.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CBZ
CBZ
SPWH
SPWH
Q1 26
$192.5M
Q4 25
$143.6M
$16.3M
Q3 25
$24.0M
$-26.6M
Q2 25
$113.1M
$-60.2M
Q1 25
$-88.3M
$52.8M
Q4 24
$55.5M
$-2.5M
Q3 24
$43.7M
$18.5M
Q2 24
$88.2M
$-34.6M
Free Cash Flow
CBZ
CBZ
SPWH
SPWH
Q1 26
$175.5M
Q4 25
$141.7M
$8.7M
Q3 25
$22.1M
$-33.9M
Q2 25
$105.2M
$-64.0M
Q1 25
$-93.4M
$49.6M
Q4 24
$52.3M
$-6.2M
Q3 24
$41.1M
$14.1M
Q2 24
$86.3M
$-38.0M
FCF Margin
CBZ
CBZ
SPWH
SPWH
Q1 26
32.3%
Q4 25
26.1%
2.6%
Q3 25
3.2%
-11.5%
Q2 25
15.4%
-25.7%
Q1 25
-11.2%
14.6%
Q4 24
11.4%
-1.9%
Q3 24
9.4%
4.9%
Q2 24
20.5%
-15.5%
Capex Intensity
CBZ
CBZ
SPWH
SPWH
Q1 26
Q4 25
0.4%
2.3%
Q3 25
0.3%
2.5%
Q2 25
1.2%
1.5%
Q1 25
0.6%
1.0%
Q4 24
0.7%
1.1%
Q3 24
0.6%
1.5%
Q2 24
0.4%
1.4%
Cash Conversion
CBZ
CBZ
SPWH
SPWH
Q1 26
Q4 25
2038.00×
Q3 25
0.79×
Q2 25
2.70×
Q1 25
-0.72×
Q4 24
Q3 24
1.25×
Q2 24
4.45×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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