Cass Information Systems, Inc. (CASS) Stock

Cass Information Systems, Inc. (CASS) is a Technology stock trading at $56.41 (as of 2026-08-21), with a market capitalization of $722.39M and a trailing P/E of 19.7. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Cass Information Systems, Inc. provides payment and information processing services to manufacturing, distribution, and retail organizations in the United States through its Information Services and Banking Services segments. It processes and pays facility and freight-related invoices and generates related accounting and transportation information, and its banking subsidiary offers commercial banking products and cash management for businesses and faith-related ministries.

Understand Cass Information Systems, Inc.: how it makes money

Cass Information Systems provides payment and information processing services for manufacturing, distribution, and retail enterprises, earning money by processing and auditing transportation (freight) invoices and facility-related expenses, and by providing telecom expense management and related accounting and transportation information.

The profit model is structurally tied to payment processing scale (Transportation Dollar Volumes and Facility Expense Dollar Volumes) and the timing gap captured by Average Payments in Advance of Funding.

Revenue by segment (latest quarter)
Info Svcs$0.0B
Bank Svcs$0.0B

Business quality (Mixed): Two official segments are identified, but segment-level revenue is not provided in the input, and the dataset shows total revenue as 0.0B for the latest quarter, so segment and revenue mix conclusions are limited.

Valuation: Trades at 19× trailing earnings · $1B market cap.

Bull case

  • Large processing footprints in core payment categories: The company tracks Transportation Dollar Volumes (9.0 USD_B) and Facility Expense Dollar Volumes (6.3 USD_B), reflecting meaningful volumes handled through its services.
  • Operational profitability is positive: For the latest period shown (2026-03-31), operating_margin_pct is 22.2.

Bear case

  • Volume pressures can show up in invoice trends: Transportation Invoice Volumes Decline is 3.6 percent, which can signal softer demand or lower customer activity.
  • Earnings sensitivity to payment timing: The dataset highlights Average Payments in Advance of Funding (0.01 USD_B) and Average Payments in Advance of Funding Decrease (0.05 USD_B), suggesting results may be affected by changes in how payments are timed relative to funding.
Valuation — source: SEC EDGAR (first-party)
Price$56.41
Market Cap$722.39M
P/E Ratio19.7
EV / EBITDA9.6
Price / Book2.95
Price / Sales3.63
FCF Yield5.8%
DCF Value (model)$50.28
DCF Upside vs Price-10.9%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$190.75M
Net Margin18.4%
Revenue Growth (YoY)12.5%
EPS Growth (YoY)23.9%
FCF Growth (YoY)-625.8%
Valuation vs Sector & Industry
Stock P/E19.7
Sector P/E (Technology)33.9
Industry P/E (Business Services)29.9
vs Sector-41.9%
vs Industry-34.1%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderBlackRock, Inc. ($39.76M)
Institutional Holders Tracked10
Company
SectorTechnology
IndustryBusiness Services
CEOMartin H. Resch
Employees1,008
CountryUS
IPO Date1996-07-02

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CASS earnings history · CASS institutional & insider holders · CASS KPIs & operating metrics · CASS financials · CASS investor presentations & press releases · CASS SEC filings · CASS peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-21.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.