Consensus Cloud Solutions
CCSI on Nasdaq. Consensus Cloud Solutions sells information delivery services to businesses, healthcare, government, and banks. Market value $667m.
Price checks use the past 12 months to June 2026. Quality checks use five annual reports, the latest for the year to December 2025.
Should I look at this?
Not a fit for our list right now
Why it could be worth it
See Technology stocks that passed both tests
This is not advice. Check the numbers below.
For every $100 of what the whole company costs, it produced $17.35 of spare cash in the past 12 months. A savings account pays about $4.
You pay 7.6 years of operating profit for the business. The average large US company costs around 18.
Each dollar kept in the business earns 25 cents a year. Above 10 is good.
Quality score: 60 of 100. Price score: 100 of 100. Our list needs 70 on quality and 60 on price.
$36.38 a share, 80% above its 1-year low
Over the past year the price has ranged from $20.20 to $41.40.
Pays no dividend
Prices from Monday’s close (5 October).
Five years of cash, in billions
| Revenue | |||||
| Revenue | $353m | $362m | $363m | $350m | $350m |
| Operating margin | |||||
| Operating margin | 49.7% | 41.9% | 40.6% | 42.6% | 43.0% |
| Debt to equity | |||||
| Debt to equity | n/a | n/a | n/a | n/a | 40.54 |
| Shares outstanding | |||||
| Shares outstanding | 0.02bn | 0.02bn | 0.02bn | 0.02bn | 0.02bn |
Health checks
- Free cash flow positive5 of 5 years
- Accounting looks honest (Beneish)Nothing unusual
- Financial strength (Piotroski)7 of 9
- Profit backed by cash (accruals)Yes
- Debt40.54× equity
- Revenue growth, five yearsShrinking, 0.2% a year
- Buying back its own sharesYes, 8% fewer since 2021
The quarter to June 2026
How the business did, compared with the same quarter a year earlier.
- Sales: $91 million last quarter, up 4% on a year ago.
- Profit: $27 million, up 32% on a year ago.
- It keeps 42 cents of each $1 of sales as operating profit, about the same as a year earlier.
- Spare cash over the past 12 months: $116 million, up from $91 million.
- 2% fewer shares than a year ago. Each share owns a bit more of the company.
- Debt is $456 million more than cash, down from $520 million a year ago.
- Sales grew on a year ago in each of the last 4 quarters.
| Quarter to | Amount |
|---|---|
| September 2024 | $88m |
| December 2024 | $87m |
| March 2025 | $87m |
| June 2025 | $88m |
| September 2025 | $88m |
| December 2025 | $87m |
| March 2026 | $88m |
| June 2026 | $91m |
| Quarter to | Amount |
|---|---|
| September 2024 | $21m |
| December 2024 | $18m |
| March 2025 | $21m |
| June 2025 | $21m |
| September 2025 | $22m |
| December 2025 | $21m |
| March 2026 | $25m |
| June 2026 | $27m |
From the company's quarterly reports to the SEC.
Dates
- Next results (estimated)
- n/a
- Last annual report (10-K)
- 13 February 2026
- Next quarterly (estimated, 10-Q)
- 6 November 2026
Who owns it
4 long-term investors we follow own it, unchanged from 4 last quarter. 169 funds in all.
- Barrow HanleyBarrow Hanley team
- Value
- $3,662
- Share of fund
- <0.1%
| Fund | Value | Share of that fund | Change |
|---|---|---|---|
| Gates Capital ManagementJeff Gates | $63m | 2.1% | Cut |
| LSV Asset ManagementJosef Lakonishok | $32m | <0.1% | Added |
| Boston PartnersBoston Partners team | $523,840 | <0.1% | Cut |
| Barrow HanleyBarrow Hanley team | $3,662 | <0.1% |
Largest holders overall
- Jupiter Topco$95m
- Heron Bay Capital Management$70mCut
- Gates Capital Management$63mCut
- BlackRock$53mAdded
- LSV Asset Management$32mAdded
- Vanguard Capital Management$30m
- Vanguard Portfolio Management$25mAdded
- New South Capital Management$24mAdded
- Geode Capital Management$18m
- State Street$17mCut
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
3 investors own more than 5%.
- JANUS HENDERSON GROUP PLCPassive investorat least 13.1%+0.2 pts(filed with 1 related holder)Since 30 September 2025
- Heron Bay Capital ManagementPassive investor11.1%Since 5 February 2026
- Gates Capital Management GP, LLCPassive investorat least 9.4%(filed with 2 related holders)Since 31 December 2025
- ArrowMark Colorado Holdings, LLCPassive investorSold down below 5%Since 31 March 2026
- The Vanguard GroupPassive investorSold down below 5%Since 13 March 2026
| Holder | Stake | Since | |
|---|---|---|---|
JANUS HENDERSON GROUP PLC Passive investor | at least 13.1%+0.2 pts (filed with 1 related holder) | 30 September 2025 | |
Heron Bay Capital Management Passive investor | 11.1% | 5 February 2026 | |
Gates Capital Management GP, LLC Passive investor | at least 9.4% (filed with 2 related holders) | 31 December 2025 | |
ArrowMark Colorado Holdings, LLC Passive investor | Sold down below 5% | 31 March 2026 | |
The Vanguard Group Passive investor | Sold down below 5% | 13 March 2026 |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
No insider bought shares on the open market in the last 12 months. 2 sold $361,160.
- Sullivan Jeffrey AlanChief Technology OfficerSold
- Date
- 12 August 2026
- Shares
- 5,400
- Price
- $37.70
- Value
- $203,580
- HEALY ELAINEDirectorSold
- Date
- 2 June 2026
- Shares
- 4,000
- Price
- $34.27
- Value
- $137,080
- HEALY ELAINEDirectorSold
- Date
- 19 November 2025
- Shares
- 1,000
- Price
- $20.50
- Value
- $20,500
| Date | Who | Did | Shares | Price | Value |
|---|---|---|---|---|---|
| 12 August 2026 | Sullivan Jeffrey Alan Chief Technology Officer | Sold | 5,400 | $37.70 | $203,580 |
| 2 June 2026 | HEALY ELAINE Director | Sold | 4,000 | $34.27 | $137,080 |
| 19 November 2025 | HEALY ELAINE Director | Sold | 1,000 | $20.50 | $20,500 |
From Form 4 filings: insiders must report trades in their own company's shares within two days.
Warning signs in its filings
Problems the company itself reported to the SEC, in its own words.
None of the warning signs we check for were found.
We look for five warning signs: doubt it can keep going, weak checks on its own accounts, a notice that its past accounts can't be relied on, a change of auditor, and one customer bringing in a big share of sales. We don't check lawsuits, investigations or debt yet.
We checked the auditor's report, internal controls, restatement notices, auditor changes and big customers in the 10-K filed 13 Feb 2026, plus the 10-Q filed 7 Aug 2026 and 4 later 8-Ks.
A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.
What could go wrong
- It carries a lot of debt: 40.5× its equity.
- Sales have shrunk: 0.2% a year.
Whether the price already reflects the risks is what the deep dive is for.
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.