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Side-by-side financial comparison of CBIZ, Inc. (CBZ) and VEEVA SYSTEMS INC (VEEV). Click either name above to swap in a different company.

CBIZ, Inc. is the larger business by last-quarter revenue ($848.6M vs $811.2M, roughly 1.0× VEEVA SYSTEMS INC). VEEVA SYSTEMS INC runs the higher net margin — 29.1% vs 19.0%, a 10.1% gap on every dollar of revenue. On growth, VEEVA SYSTEMS INC posted the faster year-over-year revenue change (16.0% vs 1.3%). Over the past eight quarters, CBIZ, Inc.'s revenue compounded faster (42.1% CAGR vs 13.4%).

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.

Veeva Systems Inc., headquartered in Pleasanton, California, provides cloud software, data, and business consulting for the life sciences industry. Its software is used to manage data, track regulatory registrations, and oversee supply chains. The company is a public benefit corporation.

CBZ vs VEEV — Head-to-Head

Bigger by revenue
CBZ
CBZ
1.0× larger
CBZ
$848.6M
$811.2M
VEEV
Growing faster (revenue YoY)
VEEV
VEEV
+14.8% gap
VEEV
16.0%
1.3%
CBZ
Higher net margin
VEEV
VEEV
10.1% more per $
VEEV
29.1%
19.0%
CBZ
Faster 2-yr revenue CAGR
CBZ
CBZ
Annualised
CBZ
42.1%
13.4%
VEEV

Income Statement — Q1 FY2026 vs Q3 FY2026

Metric
CBZ
CBZ
VEEV
VEEV
Revenue
$848.6M
$811.2M
Net Profit
$161.6M
$236.2M
Gross Margin
75.4%
Operating Margin
23.2%
29.7%
Net Margin
19.0%
29.1%
Revenue YoY
1.3%
16.0%
Net Profit YoY
27.1%
EPS (diluted)
$2.63
$1.40

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
VEEV
VEEV
Q1 26
$848.6M
Q4 25
$542.7M
$811.2M
Q3 25
$693.8M
$789.1M
Q2 25
$683.5M
$759.0M
Q1 25
$838.0M
$720.9M
Q4 24
$460.3M
$699.2M
Q3 24
$438.9M
$676.2M
Q2 24
$420.0M
$650.3M
Net Profit
CBZ
CBZ
VEEV
VEEV
Q1 26
$161.6M
Q4 25
$-79.4M
$236.2M
Q3 25
$30.1M
$200.3M
Q2 25
$41.9M
$228.2M
Q1 25
$122.8M
$195.6M
Q4 24
$-90.7M
$185.8M
Q3 24
$35.1M
$171.0M
Q2 24
$19.8M
$161.7M
Gross Margin
CBZ
CBZ
VEEV
VEEV
Q1 26
Q4 25
-9.4%
75.4%
Q3 25
13.0%
75.3%
Q2 25
12.9%
77.1%
Q1 25
27.2%
74.9%
Q4 24
-13.4%
75.1%
Q3 24
16.6%
74.8%
Q2 24
12.8%
73.3%
Operating Margin
CBZ
CBZ
VEEV
VEEV
Q1 26
23.2%
Q4 25
-15.7%
29.7%
Q3 25
8.5%
24.8%
Q2 25
8.8%
30.8%
Q1 25
23.9%
26.1%
Q4 24
-23.2%
25.9%
Q3 24
11.3%
24.6%
Q2 24
7.5%
23.9%
Net Margin
CBZ
CBZ
VEEV
VEEV
Q1 26
19.0%
Q4 25
-14.6%
29.1%
Q3 25
4.3%
25.4%
Q2 25
6.1%
30.1%
Q1 25
14.7%
27.1%
Q4 24
-19.7%
26.6%
Q3 24
8.0%
25.3%
Q2 24
4.7%
24.9%
EPS (diluted)
CBZ
CBZ
VEEV
VEEV
Q1 26
$2.63
Q4 25
$-1.22
$1.40
Q3 25
$0.48
$1.19
Q2 25
$0.66
$1.37
Q1 25
$1.91
$1.17
Q4 24
$-1.84
$1.13
Q3 24
$0.70
$1.04
Q2 24
$0.39
$0.98

Balance Sheet & Financial Strength

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

Metric
CBZ
CBZ
VEEV
VEEV
Cash + ST InvestmentsLiquidity on hand
$28.7M
$1.7B
Total DebtLower is stronger
Stockholders' EquityBook value
$1.9B
$7.0B
Total Assets
$4.6B
$8.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CBZ
CBZ
VEEV
VEEV
Q1 26
$28.7M
Q4 25
$18.3M
$1.7B
Q3 25
$17.0M
$1.9B
Q2 25
$39.8M
$2.0B
Q1 25
$8.8M
$1.1B
Q4 24
$13.8M
$1.0B
Q3 24
$1.1M
$1.2B
Q2 24
$1.1M
$1.2B
Stockholders' Equity
CBZ
CBZ
VEEV
VEEV
Q1 26
$1.9B
Q4 25
$1.8B
$7.0B
Q3 25
$1.9B
$6.6B
Q2 25
$1.9B
$6.2B
Q1 25
$1.9B
$5.8B
Q4 24
$1.8B
$5.5B
Q3 24
$927.9M
$5.2B
Q2 24
$891.4M
$4.9B
Total Assets
CBZ
CBZ
VEEV
VEEV
Q1 26
$4.6B
Q4 25
$4.4B
$8.1B
Q3 25
$4.5B
$8.0B
Q2 25
$4.5B
$7.8B
Q1 25
$4.6B
$7.3B
Q4 24
$4.5B
$6.5B
Q3 24
$2.1B
$6.3B
Q2 24
$2.2B
$6.2B

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
VEEV
VEEV
Operating Cash FlowLast quarter
$-25.5M
$192.8M
Free Cash FlowOCF − Capex
$-28.5M
FCF MarginFCF / Revenue
-3.4%
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
-0.16×
0.82×
TTM Free Cash FlowTrailing 4 quarters
$240.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CBZ
CBZ
VEEV
VEEV
Q1 26
$-25.5M
Q4 25
$143.6M
$192.8M
Q3 25
$24.0M
$238.4M
Q2 25
$113.1M
$877.2M
Q1 25
$-88.3M
$69.5M
Q4 24
$55.5M
$164.1M
Q3 24
$43.7M
$92.9M
Q2 24
$88.2M
$763.5M
Free Cash Flow
CBZ
CBZ
VEEV
VEEV
Q1 26
$-28.5M
Q4 25
$141.7M
Q3 25
$22.1M
Q2 25
$105.2M
Q1 25
$-93.4M
Q4 24
$52.3M
Q3 24
$41.1M
Q2 24
$86.3M
FCF Margin
CBZ
CBZ
VEEV
VEEV
Q1 26
-3.4%
Q4 25
26.1%
Q3 25
3.2%
Q2 25
15.4%
Q1 25
-11.2%
Q4 24
11.4%
Q3 24
9.4%
Q2 24
20.5%
Capex Intensity
CBZ
CBZ
VEEV
VEEV
Q1 26
Q4 25
0.4%
Q3 25
0.3%
Q2 25
1.2%
Q1 25
0.6%
Q4 24
0.7%
Q3 24
0.6%
Q2 24
0.4%
Cash Conversion
CBZ
CBZ
VEEV
VEEV
Q1 26
-0.16×
Q4 25
0.82×
Q3 25
0.79×
1.19×
Q2 25
2.70×
3.84×
Q1 25
-0.72×
0.36×
Q4 24
0.88×
Q3 24
1.25×
0.54×
Q2 24
4.45×
4.72×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CBZ
CBZ

Financial Services (1)$740.3M87%
Benefits and Insurance Services$108.2M13%

VEEV
VEEV

Subscription Services Veeva Research And Development$364.8M45%
Subscription Services Veeva Commercial Cloud$317.6M39%
Professional Services Veeva Research And Development$81.3M10%
Professional Services Veeva Commercial Cloud$47.5M6%

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