NASDAQ · Financial Statements

Citizens Financial Services, Inc. (CZFS) Financial Statements

$84.57 NASDAQ: CZFS Market Cap $406.77M

Citizens Financial Services, Inc. most recently reported annual revenue of $173.0M, net profit of $37.0M. Revenue grew at an average annual rate of 16.1% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

Citizens Financial Services, Inc.: Revenue rose from $51.0M in 2016 to $173.0M in 2025, a change of +239.2% over 9 years; net profit was positive in all 10 reported years; operating margin moved from 30.8% to 26.0%, a shift of -4.8 percentage points; the most recent year shows net profit of $37.0M.

Income Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Revenue$51.0M$57.0M$64.0M$70.0M$82.0M$86.0M$93.0M$139.0M$169.0M$173.0M
Operating Expenses$35.0M$38.0M$43.0M$47.0M$51.0M$50.0M$58.0M$117.0M$135.0M$128.0M
Operating Profit$16.0M$19.0M$21.0M$23.0M$30.0M$35.0M$35.0M$22.0M$34.0M$45.0M
Operating Margin30.8%33.6%33.2%33.1%37.2%41.3%38.1%15.5%20.0%26.0%
Other Income$0$0$0$0$0$0$0$0$0$0
Interest$5.0M$6.0M$10.0M$12.0M$8.0M$7.0M$11.0M$47.0M$68.0M$61.0M
Depreciation$0$0$0$1.0M$1.0M$1.0M$1.0M$2.0M$2.0M$0
Profit Before Tax$16.0M$19.0M$21.0M$23.0M$30.0M$35.0M$35.0M$22.0M$34.0M$45.0M
Tax$19.4M$31.6M$15.9M$16.4M$17.3M$17.6M$18.1M$17.2M$17.4M$18.9M
Net Profit$13.0M$13.0M$18.0M$19.0M$25.0M$29.0M$29.0M$18.0M$28.0M$37.0M
EPS$3.36$3.49$4.84$5.26$6.27$7.09$7.10$3.98$5.79$7.62
Dividend Payout0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

MetricSep '23Dec '23Mar '24Jun '24Sep '24Dec '24Mar '25Jun '25Sep '25Dec '25Mar '26Jun '26
Revenue$40.0M$42.0M$42.0M$41.0M$42.0M$43.0M$42.0M$42.0M$44.0M$44.0M$44.0M$44.0M
Operating Expenses$31.0M$33.0M$33.0M$35.0M$33.0M$34.0M$33.0M$32.0M$32.0M$32.0M$31.0M$31.0M
Operating Profit$9.0M$9.0M$9.0M$6.0M$9.0M$10.0M$9.0M$10.0M$12.0M$13.0M$13.0M$12.0M
Operating Margin22.7%22.0%20.3%15.5%21.8%22.1%22.1%24.6%28.0%29.1%29.0%28.4%
Interest$14.0M$17.0M$17.0M$17.0M$17.0M$17.0M$16.0M$15.0M$15.0M$15.0M$14.0M$14.0M
Profit Before Tax$9.0M$9.0M$9.0M$6.0M$9.0M$10.0M$9.0M$10.0M$12.0M$13.0M$13.0M$12.0M
Tax$17.5M$18.3M$17.4M$17.4M$18.5M$16.4M$18.7M$18.8M$19.1M$19.0M$18.3M$17.4M
Net Profit$8.0M$8.0M$7.0M$5.0M$8.0M$8.0M$8.0M$8.0M$10.0M$10.0M$10.0M$10.0M
EPS$1.59$1.57$1.46$1.09$1.57$1.66$1.58$1.76$2.09$2.18$2.16$2.12

Over the 10 years reported for Citizens Financial Services, Inc., borrowings increased from $80.0M in 2016 to $309.0M in 2025, cash stood at $38.0M in the latest year, shareholders' equity was $5.0M, current assets covered current liabilities 0.04 times.

Balance Sheet — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Total Assets$1.2B$1.4B$1.4B$1.5B$1.9B$2.1B$2.3B$3.0B$3.0B$3.1B
Current Assets$351.0M$288.0M$278.0M$278.0M$384.0M$601.0M$479.0M$486.0M$103.0M$85.0M
Cash$25.0M$29.0M$32.0M$33.0M$82.0M$184.0M$32.0M$57.0M$46.0M$38.0M
Inventory$0$0$0$0$0$0$0$0$0$0
Receivables$12.0M$4.0M$4.0M$5.0M$6.0M$5.0M$7.0M$11.0M$10.0M$11.0M
Fixed Assets$17.0M$17.0M$16.0M$16.0M$17.0M$17.0M$18.0M$21.0M$21.0M$21.0M
Capital Work in Progress$0$0$0$0$0$0$0$0$0$0
Investments$1.1B$1.2B$1.3B$1.3B$1.7B$1.8B$2.2B$2.7B$2.7B$2.8B
Other Assets$21.0M$23.0M$23.0M$23.0M$31.0M$31.0M$31.0M$86.0M$86.0M$86.0M
Total Liabilities$1.1B$1.2B$1.3B$1.3B$1.7B$1.9B$2.1B$2.7B$2.7B$2.7B
Current Liabilities$1.0B$1.1B$1.2B$1.2B$1.6B$1.8B$1.8B$2.4B$2.4B$2.4B
Borrowings$80.0M$115.0M$91.0M$85.0M$89.0M$74.0M$257.0M$302.0M$298.0M$309.0M
Other Liabilities$1.0B$1.1B$1.2B$1.2B$1.6B$1.9B$1.9B$2.4B$2.4B$2.4B
Equity$4.0M$4.0M$4.0M$4.0M$4.0M$4.0M$4.0M$5.0M$5.0M$5.0M
Reserves$123.0M$129.0M$139.0M$155.0M$194.0M$212.0M$200.0M$280.0M$300.0M$338.0M

For Citizens Financial Services, Inc., operating cash flow was positive in 10 of 10 reported years; free cash flow in the latest year was $35.0M; free cash flow was positive in 10 of 10 years; financing activities used $6.0M in the latest year, which covers debt repayment, dividends and buybacks.

Cash Flow Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Operating Cash Flow$16.0M$16.0M$21.0M$22.0M$12.0M$39.0M$33.0M$27.0M$33.0M$37.0M
Investing Cash Flow$-71.0M$-106.0M$-73.0M$-33.0M$-112.0M$-159.0M$-364.0M$57.0M$-70.0M$-41.0M
Financing Cash Flow$14.0M$61.0M$79.0M$25.0M$167.0M$246.0M$7.0M$-56.0M$60.0M$-6.0M
Net Cash Flow$-7.0M$1.0M$-2.0M$2.0M$50.0M$104.0M$-147.0M$27.0M$-11.0M$-8.0M
Free Cash Flow$16.0M$16.0M$21.0M$21.0M$11.0M$38.0M$32.0M$24.0M$32.0M$35.0M

Valuation & Return Ratios

MetricValue
PEG Ratio0.31
EV / EBITDA—
FCF Yield—
Quick Ratio—
Interest Coverage—
Return 1Y22.25%
Return 3Y17.97%
Return 5Y35.97%

Citizens Financial Services, Inc. (CZFS) financials — frequently asked questions

What is Citizens Financial Services, Inc.'s annual revenue?

Citizens Financial Services, Inc. (CZFS) reported annual revenue of $173.0M in its most recent fiscal year.

What is Citizens Financial Services, Inc.'s net profit?

Citizens Financial Services, Inc. (CZFS) reported net profit of $37.0M in its most recent fiscal year.

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