Cass Information Systems Inc (CASS) - Net Assets
Based on the latest financial reports, Cass Information Systems Inc (CASS) has net assets worth $241.79 Million USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($2.53 Billion) and total liabilities ($2.29 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Cass Information Systems Inc tangible book value ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $241.79 Million |
| % of Total Assets | 9.54% |
| Annual Growth Rate | 5.92% |
| 5-Year Change | -1.14% |
| 10-Year Change | 16.81% |
| Growth Volatility | 9.78 |
Cass Information Systems Inc - Net Assets Trend (1995–2025)
This chart illustrates how Cass Information Systems Inc's net assets have evolved over time, based on quarterly financial data. See CASS defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Cass Information Systems Inc (1995–2025)
The table below shows the annual net assets of Cass Information Systems Inc from 1995 to 2025. For live valuation and market cap data, see CASS stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $243.00 Million | +6.10% |
| 2024-12-31 | $229.03 Million | -0.34% |
| 2023-12-31 | $229.81 Million | +11.38% |
| 2022-12-31 | $206.32 Million | -16.06% |
| 2021-12-31 | $245.80 Million | -5.88% |
| 2020-12-31 | $261.16 Million | +6.95% |
| 2019-12-31 | $244.19 Million | +6.24% |
| 2018-12-31 | $229.85 Million | +34.34% |
| 2017-12-31 | $171.09 Million | -17.76% |
| 2016-12-31 | $208.03 Million | +0.32% |
| 2015-12-31 | $207.38 Million | +3.47% |
| 2014-12-31 | $200.43 Million | +5.25% |
| 2013-12-31 | $190.43 Million | +9.43% |
| 2012-12-31 | $174.01 Million | +8.39% |
| 2011-12-31 | $160.55 Million | +12.99% |
| 2010-12-31 | $142.09 Million | +9.67% |
| 2009-12-31 | $129.57 Million | +21.96% |
| 2008-12-31 | $106.24 Million | +6.83% |
| 2007-12-31 | $99.45 Million | +18.51% |
| 2006-12-31 | $83.92 Million | +11.48% |
| 2005-12-31 | $75.28 Million | +8.18% |
| 2004-12-31 | $69.59 Million | +7.40% |
| 2003-12-31 | $64.79 Million | +6.14% |
| 2002-12-31 | $61.05 Million | +9.95% |
| 2001-12-31 | $55.52 Million | +3.16% |
| 2000-12-31 | $53.82 Million | -4.91% |
| 1999-12-31 | $56.60 Million | -1.39% |
| 1998-12-31 | $57.40 Million | +8.92% |
| 1997-12-31 | $52.70 Million | +10.25% |
| 1996-12-31 | $47.80 Million | +10.39% |
| 1995-12-31 | $43.30 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Cass Information Systems Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 337.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $167.09 Million | 68.76% |
| Common Stock | $7.75 Million | 3.19% |
| Other Comprehensive Income | $-26.75 Million | -11.01% |
| Other Components | $94.90 Million | 39.06% |
| Total Equity | $243.00 Million | 100.00% |
Cass Information Systems Inc Competitors by Market Cap
The table below lists competitors of Cass Information Systems Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
First Tracks Biotherapeutics, Inc. Ordinary Shares When-Issued
NASDAQ:TRAXV
|
$613.49 Million |
|
Autohellas S.A.
AT:OTOEL
|
$613.49 Million |
|
Shenzhen Water Planning & Design Institute Co. Ltd.
SHE:301038
|
$613.70 Million |
|
Compania de Transporte de Energia Electrica en Alta Tension Transener SA
BA:TRAN
|
$613.72 Million |
|
Orion Group Holdings Inc
NYSE:ORN
|
$613.26 Million |
|
Thunder Tiger Corp
TW:8033
|
$613.11 Million |
|
Hovnanian Enterprises Inc
NYSE:HOV
|
$613.01 Million |
|
ChongQing Zhengchuan Pharmaceutical Packaging Co Ltd
SHG:603976
|
$612.89 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Cass Information Systems Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 229,030,000 to 242,998,000, a change of 13,968,000 (6.1%).
- Net income of 35,116,000 contributed positively to equity growth.
- Dividend payments of 16,511,000 reduced retained earnings.
- Share repurchases of 25,988,000 reduced equity.
- Other comprehensive income increased equity by 18,437,000.
- Other factors increased equity by 2,914,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $35.12 Million | +14.45% |
| Dividends Paid | $16.51 Million | -6.79% |
| Share Repurchases | $25.99 Million | -10.69% |
| Other Comprehensive Income | $18.44 Million | +7.59% |
| Other Changes | $2.91 Million | +1.2% |
| Total Change | $- | 6.10% |
Book Value vs Market Value Analysis
This analysis compares Cass Information Systems Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.70x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 19.78x to 2.70x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1995-12-31 | $2.46 | $48.73 | x |
| 1996-12-31 | $2.67 | $48.73 | x |
| 1997-12-31 | $2.95 | $48.73 | x |
| 1998-12-31 | $3.20 | $48.73 | x |
| 1999-12-31 | $3.22 | $48.73 | x |
| 2000-12-31 | $3.34 | $48.73 | x |
| 2001-12-31 | $3.72 | $48.73 | x |
| 2002-12-31 | $4.15 | $48.73 | x |
| 2003-12-31 | $4.41 | $48.73 | x |
| 2004-12-31 | $3.82 | $48.73 | x |
| 2005-12-31 | $5.05 | $48.73 | x |
| 2006-12-31 | $5.61 | $48.73 | x |
| 2007-12-31 | $6.65 | $48.73 | x |
| 2008-12-31 | $7.05 | $48.73 | x |
| 2009-12-31 | $8.70 | $48.73 | x |
| 2010-12-31 | $9.42 | $48.73 | x |
| 2011-12-31 | $10.62 | $48.73 | x |
| 2012-12-31 | $11.43 | $48.73 | x |
| 2013-12-31 | $12.40 | $48.73 | x |
| 2014-12-31 | $13.02 | $48.73 | x |
| 2015-12-31 | $13.63 | $48.73 | x |
| 2016-12-31 | $13.94 | $48.73 | x |
| 2017-12-31 | $15.09 | $48.73 | x |
| 2018-12-31 | $15.42 | $48.73 | x |
| 2019-12-31 | $16.62 | $48.73 | x |
| 2020-12-31 | $17.93 | $48.73 | x |
| 2021-12-31 | $17.15 | $48.73 | x |
| 2022-12-31 | $14.94 | $48.73 | x |
| 2023-12-31 | $16.63 | $48.73 | x |
| 2024-12-31 | $16.62 | $48.73 | x |
| 2025-12-31 | $18.05 | $48.73 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Cass Information Systems Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 14.45%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 18.38%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 10.72x
- Recent ROE (14.45%) is above the historical average (13.14%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1995 | 14.32% | 13.33% | 0.11x | 9.89x | $1.87 Million |
| 1996 | 13.60% | 14.25% | 0.10x | 9.17x | $1.72 Million |
| 1997 | 13.28% | 14.96% | 0.11x | 8.32x | $1.73 Million |
| 1998 | 12.89% | 15.35% | 0.10x | 8.78x | $1.66 Million |
| 1999 | 10.95% | 12.94% | 0.10x | 8.85x | $540.00K |
| 2000 | 13.28% | 13.49% | 0.09x | 10.72x | $1.76 Million |
| 2001 | 12.65% | 12.65% | 0.09x | 10.82x | $1.47 Million |
| 2002 | 11.98% | 12.74% | 0.10x | 9.37x | $1.21 Million |
| 2003 | 12.20% | 11.89% | 0.10x | 9.87x | $1.42 Million |
| 2004 | 11.50% | 11.45% | 0.10x | 10.30x | $1.05 Million |
| 2005 | 14.54% | 14.23% | 0.09x | 10.88x | $3.42 Million |
| 2006 | 17.95% | 16.76% | 0.10x | 10.23x | $6.67 Million |
| 2007 | 17.89% | 18.24% | 0.11x | 9.08x | $7.85 Million |
| 2008 | 17.89% | 19.53% | 0.11x | 8.33x | $8.38 Million |
| 2009 | 12.45% | 16.97% | 0.09x | 7.82x | $3.17 Million |
| 2010 | 14.29% | 19.31% | 0.09x | 8.36x | $6.10 Million |
| 2011 | 14.33% | 20.35% | 0.09x | 8.22x | $6.95 Million |
| 2012 | 13.39% | 19.91% | 0.09x | 7.40x | $5.90 Million |
| 2013 | 12.34% | 19.89% | 0.09x | 6.96x | $4.45 Million |
| 2014 | 11.99% | 20.08% | 0.08x | 7.49x | $3.99 Million |
| 2015 | 11.12% | 18.89% | 0.08x | 7.02x | $2.32 Million |
| 2016 | 11.70% | 19.31% | 0.08x | 7.23x | $3.54 Million |
| 2017 | 11.11% | 18.19% | 0.09x | 7.12x | $2.51 Million |
| 2018 | 13.17% | 19.91% | 0.09x | 7.38x | $7.28 Million |
| 2019 | 12.45% | 18.69% | 0.09x | 7.22x | $5.99 Million |
| 2020 | 9.64% | 17.00% | 0.07x | 8.44x | $-940.00K |
| 2021 | 11.64% | 18.43% | 0.06x | 10.39x | $4.02 Million |
| 2022 | 16.92% | 18.63% | 0.07x | 12.47x | $14.27 Million |
| 2023 | 13.08% | 14.10% | 0.09x | 10.79x | $7.08 Million |
| 2024 | 8.37% | 8.72% | 0.09x | 10.46x | $-3.73 Million |
| 2025 | 14.45% | 18.38% | 0.07x | 10.72x | $10.82 Million |
Industry Comparison
This section compares Cass Information Systems Inc's net assets metrics with peer companies in the Specialty Business Services industry.
Industry Context
- Industry: Specialty Business Services
- Average net assets among peers: $973,219,606
- Average return on equity (ROE) among peers: 19.99%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Cass Information Systems Inc (CASS) | $241.79 Million | 14.32% | 9.48x | $613.37 Million |
| ABM Industries Incorporated (ABM) | $322.71 Million | 13.74% | 0.99x | $2.55 Billion |
| Amentum Holdings Inc. (AMTM) | $3.30 Billion | -2.54% | 0.28x | $5.24 Billion |
| Rich Sparkle Holdings Limited Ordinary Shares (ANPA) | $901.42K | 90.05% | 4.47x | $71.73 Million |
| Aramark Holdings (ARMK) | $2.47 Billion | 15.15% | 3.46x | $11.71 Billion |
| AZZ Incorporated (AZZ) | $853.46 Million | -6.21% | 1.60x | $4.41 Billion |
| Blacksky Technology Inc (BKSY) | $-18.30 Million | 0.00% | 0.00x | $1.10 Billion |
| BUUU Group Limited Class A Ordinary Share (BUUU) | $1.34 Million | 62.16% | 0.93x | $212.02 Million |
| BrightView Holdings (BV) | $1.80 Billion | 3.11% | 0.88x | $1.16 Billion |
| CBIZ Inc (CBZ) | $28.90 Million | 4.50% | 0.45x | $1.76 Billion |
About Cass Information Systems Inc
Cass Information Systems, Inc. provides payment and information processing services to manufacturing, distribution, and retail enterprises in the United States. The company operates in two segments, Information Services and Banking Services. Its services include freight invoice rating, payment processing, auditing, and the generation of accounting and transportation information. The company also … Read more