H&R Block, Inc. (HRB) Financial Ratios
30 years of historical data (1996–2025) · Consumer Cyclical · Personal Products & Services
EV/EBITDA
↑
6.04
↓-26% vs avg
5yr avg: 8.18
30Y Low4.7·High14.8
P/FCF
↑
7.28
↓-24% vs avg
5yr avg: 9.55
30Y Low5.5·High103.7
P/B Ratio
↑
53.12
↓-28% vs avg
5yr avg: 73.43
30Y Low3.0·High153.6
ROE
↑
675.0%
↓+32% vs avg
5yr avg: 511.6%
30Y Low-26%·High454%
Debt/EBITDA
↑
2.49
+1% vs avg
5yr avg: 2.45
30Y Low0.2·High12.2
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
HRB Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
H&R Block, Inc. trades at 7.8x earnings, 28% below its 5-year average of 10.9x, sitting at the 0th percentile of its historical range. Compared to the Consumer Cyclical sector median P/E of 21.2x, the stock trades at a discount of 63%. On a free-cash-flow basis, the stock trades at 7.3x P/FCF, 24% below the 5-year average of 9.5x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $4.4B | $7.5B | $7.8B | $4.9B | $6.1B | $4.9B | $2.8B | $5.6B | $5.8B | $5.3B | $5.1B |
| Enterprise Value | $5.7B | $8.9B | $9.0B | $6.1B | $7.2B | $6.1B | $4.3B | $5.4B | $5.6B | $5.7B | $5.6B |
| P/E Ratio → | 7.83 | 12.50 | 13.16 | 9.08 | 10.97 | 8.91 | — | 13.34 | 9.47 | 12.98 | 13.58 |
| P/S Ratio | 1.16 | 2.00 | 2.16 | 1.42 | 1.75 | 1.43 | 1.07 | 1.82 | 1.84 | 1.75 | 1.67 |
| P/B Ratio | 53.12 | 84.80 | 86.13 | 153.56 | 28.61 | 14.03 | 39.82 | 10.39 | 30.27 | — | 219.73 |
| P/FCF | 7.28 | 12.59 | 11.87 | 6.55 | 8.11 | 8.63 | 103.72 | 11.01 | 7.74 | 11.52 | 11.74 |
| P/OCF | 6.40 | 11.07 | 10.82 | 5.99 | 7.49 | 7.90 | 25.96 | 9.27 | 6.84 | 9.65 | 9.54 |
P/E links to full P/E history page with 30-year chart
HRB EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
H&R Block, Inc.'s enterprise value stands at 6.0x EBITDA, 26% below its 5-year average of 8.2x. The Consumer Cyclical sector median is 12.2x, placing the stock at a 50% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.36 | 2.48 | 1.75 | 2.07 | 1.75 | 1.62 | 1.75 | 1.79 | 1.87 | 1.83 |
| EV / EBITDA | 6.04 | 9.40 | 9.66 | 6.92 | 8.07 | 6.83 | 12.11 | 6.91 | 6.03 | 6.33 | 6.90 |
| EV / EBIT | 6.89 | 10.34 | 10.64 | 7.76 | 9.57 | 8.11 | 46.07 | 8.56 | 7.45 | 7.87 | 8.72 |
| EV / FCF | — | 14.83 | 13.63 | 8.09 | 9.58 | 10.58 | 156.62 | 10.59 | 7.51 | 12.33 | 12.87 |
HRB Profitability
Margins and return-on-capital ratios measuring operating efficiency
H&R Block, Inc. earns an operating margin of 22.0%, significantly above the Consumer Cyclical sector average of 2.0%. Return on equity of 675.0% is exceptionally high, though this is partly amplified by negative book value driven by aggressive share buybacks — well above the sector median of 5.3%. ROIC of 46.4% represents excellent returns on invested capital versus a sector median of 5.2%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 44.5% | 44.5% | 44.8% | 44.6% | 45.7% | 45.7% | 35.1% | 43.2% | 44.9% | 45.8% | 44.5% |
| Operating Margin | 22.0% | 22.0% | 22.3% | 21.6% | 21.5% | 21.5% | 6.9% | 19.9% | 23.8% | 23.6% | 20.8% |
| Net Profit Margin | 16.1% | 16.1% | 16.5% | 15.9% | 16.0% | 16.0% | -0.3% | 13.7% | 19.4% | 13.5% | 12.3% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 675.0% | 675.0% | 970.7% | 454.4% | 196.3% | 261.5% | -2.5% | 115.2% | 935.2% | — | 40.3% |
| ROA | 18.7% | 18.7% | 18.9% | 17.5% | 16.0% | 12.6% | -0.2% | 14.3% | 23.1% | 14.7% | 10.2% |
| ROIC | 46.4% | 46.4% | 49.6% | 44.8% | 40.1% | 37.4% | 14.9% | 263.6% | 333.2% | 129.7% | 126.1% |
| ROCE | 39.4% | 39.4% | 36.8% | 34.0% | 31.3% | 24.7% | 6.2% | 27.9% | 39.6% | 40.1% | 28.4% |
HRB Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
H&R Block, Inc. carries a Debt/EBITDA ratio of 2.5x, which is manageable (48% below the sector average of 4.8x). Net debt stands at $1.3B ($2.3B total debt minus $1.0B cash). Interest coverage of 11.0x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 26.41 | 26.41 | 24.59 | 67.85 | 10.17 | 6.19 | 60.75 | 2.76 | 7.79 | — | 64.55 |
| Debt / EBITDA | 2.49 | 2.49 | 2.40 | 2.47 | 2.43 | 2.46 | 12.24 | 1.91 | 1.60 | 1.66 | 1.85 |
| Net Debt / Equity | — | 15.13 | 12.72 | 36.18 | 5.20 | 3.17 | 20.31 | -0.40 | -0.88 | — | 21.22 |
| Net Debt / EBITDA | 1.42 | 1.42 | 1.24 | 1.32 | 1.24 | 1.26 | 4.09 | -0.27 | -0.18 | 0.42 | 0.61 |
| Debt / FCF | — | 2.25 | 1.75 | 1.54 | 1.47 | 1.95 | 52.90 | -0.42 | -0.22 | 0.81 | 1.13 |
| Interest Coverage | 11.00 | 11.00 | 10.64 | 10.75 | 8.47 | 6.99 | 0.96 | 7.26 | 8.48 | 7.77 | 9.26 |
HRB Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.90x is below 1.0, meaning current liabilities exceed current assets — though the company's $1.0B cash position helps mitigate short-term liquidity concerns. The current ratio has declined from 1.26x to 0.90x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.90 | 0.90 | 1.27 | 1.26 | 1.39 | 1.46 | 1.96 | 2.16 | 2.27 | 1.43 | 1.17 |
| Quick Ratio | 0.90 | 0.90 | 1.27 | 1.26 | 1.39 | 1.46 | 1.96 | 2.16 | 2.27 | 1.43 | 1.17 |
| Cash Ratio | 0.77 | 0.77 | 1.10 | 1.08 | 1.05 | 0.91 | 1.83 | 1.89 | 2.95 | 1.19 | 0.96 |
| Asset Turnover | — | 1.15 | 1.12 | 1.13 | 1.06 | 0.95 | 0.52 | 0.94 | 1.21 | 1.13 | 1.06 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 6.17 | 6.98 | 10.08 | 27.54 | 55.99 | 18.42 | 16.39 | 18.38 | 19.57 | 18.40 |
HRB Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
H&R Block, Inc. returns 14.2% to shareholders annually — split between a 4.2% dividend yield and 10.0% buyback yield. The payout ratio of 32.6% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 12.8% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 4.2% | 2.6% | 2.3% | 3.6% | 3.1% | 3.9% | 7.2% | 3.7% | 3.4% | 3.5% | 4.0% |
| Payout Ratio | 32.6% | 32.6% | 30.2% | 32.1% | 33.7% | 35.2% | — | 48.6% | 32.7% | 45.8% | 53.9% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 12.8% | 8.0% | 7.6% | 11.0% | 9.1% | 11.2% | — | 7.5% | 10.6% | 7.7% | 7.4% |
| FCF Yield | 13.7% | 7.9% | 8.4% | 15.3% | 12.3% | 11.6% | 1.0% | 9.1% | 12.9% | 8.7% | 8.5% |
| Buyback Yield | 10.0% | 5.8% | 4.9% | 11.6% | 9.3% | 3.9% | 9.1% | 3.4% | 0.2% | 6.1% | 39.8% |
| Total Shareholder Yield | 14.2% | 8.4% | 7.2% | 15.2% | 12.4% | 7.8% | 16.3% | 7.0% | 3.6% | 9.6% | 43.7% |
| Shares Outstanding | — | $137M | $144M | $154M | $171M | $189M | $198M | $207M | $210M | $214M | $251M |
Peer Comparison
Compare HRB with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 HRBYou | $4B | 7.8 | 6.0 | 7.3 | 44.5% | 22.0% | 675.0% | 46.4% | 2.5 |
 INTU | $73B | 19.5 | 13.4 | 12.0 | 80.8% | 26.1% | 20.3% | 16.5% | 1.2 |
 VRSN | $24B | 30.0 | 22.4 | 22.7 | 88.2% | 67.7% | — | — | 1.6 |
 ACIW | $4B | 20.4 | 12.1 | 14.5 | 49.0% | 18.7% | 15.4% | 11.4% | 2.0 |
 FISV | $26B | 7.5 | 6.1 | 5.9 | 59.4% | 26.9% | 13.0% | 8.1% | 3.3 |
 WEX | $4B | 15.1 | 8.3 | 14.1 | 54.9% | 25.4% | 22.3% | 9.6% | 4.8 |
 RPAY | $299M | -1.1 | 6.9 | 3.3 | 75.0% | -3.9% | -40.9% | -1.0% | 4.9 |
 GS | $348B | 21.4 | 33.0 | — | 47.5% | 17.5% | 13.9% | 2.2% | 25.4 |
 MSFT | $2.8T | 27.8 | 17.8 | 39.4 | 68.8% | 45.6% | 33.3% | 24.9% | 0.7 |
 GOOGL | $4.5T | 34.0 | 29.8 | 60.8 | 59.7% | 32.1% | 35.7% | 25.1% | 0.4 |
 NRDS | $610M | 13.1 | 4.4 | 4.7 | 92.4% | 8.3% | 13.2% | 14.0% | — |
| Consumer Cyclical Median | — | 21.2 | 12.2 | 15.6 | 36.2% | 2.0% | 5.3% | 5.2% | 4.8 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 30 years · Updated daily
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HRB — Frequently Asked Questions
Quick answers to the most common questions about buying HRB stock.
What is H&R Block, Inc.'s P/E ratio?
H&R Block, Inc.'s current P/E ratio is 7.8x. The historical average is 16.5x.
What is H&R Block, Inc.'s EV/EBITDA?
H&R Block, Inc.'s current EV/EBITDA is 6.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 8.9x.
What is H&R Block, Inc.'s ROE?
H&R Block, Inc.'s return on equity (ROE) is 675.0%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 58.5%.
Is HRB stock overvalued?
Based on historical data, H&R Block, Inc. is trading at a P/E of 7.8x. Compare with industry peers and growth rates for a complete picture.
What is H&R Block, Inc.'s dividend yield?
H&R Block, Inc.'s current dividend yield is 4.18% with a payout ratio of 32.6%.
What are H&R Block, Inc.'s profit margins?
H&R Block, Inc. has 44.5% gross margin and 22.0% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does H&R Block, Inc. have?
H&R Block, Inc.'s Debt/EBITDA ratio is 2.5x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.