Block, Inc. (XYZ) Financial Ratios
13 years of historical data (2013–2025) · Technology · Software - Infrastructure
EV/EBITDA
↓
21.66
↓-62% vs avg
5yr avg: 56.31
30Y Low21.0·High43.6
P/FCF
↓
17.23
↓-99% vs avg
5yr avg: 1837.76
30Y Low16.7·High149.1
P/B Ratio
↓
1.97
↓-71% vs avg
5yr avg: 6.70
30Y Low1.8·High39.1
ROE
↑
6.0%
↓+44% vs avg
5yr avg: 4.2%
30Y Low-71%·High26%
Debt/EBITDA
↓
4.93
↓-22% vs avg
5yr avg: 6.29
30Y Low4.2·High10.8
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
XYZ Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Block, Inc. trades at 33.4x earnings, 98% below its 5-year average of 1351.0x, sitting at the 67th percentile of its historical range. Compared to the Technology sector median P/E of 27.7x, the stock trades at a premium of 21%. On a free-cash-flow basis, the stock trades at 17.2x P/FCF, 99% below the 5-year average of 1837.8x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $41.8B | $40.5B | $54.1B | $47.5B | $36.4B | $81.0B | $104.9B | $29.2B | $22.8B | $13.2B | $4.7B |
| Enterprise Value | $39.4B | $38.2B | $49.7B | $45.4B | $35.0B | $82.1B | $105.3B | $28.5B | $23.1B | $12.8B | $4.2B |
| P/E Ratio → | 33.39 | 31.00 | 18.68 | 4864.78 | — | 489.42 | 494.64 | 77.23 | — | — | — |
| P/S Ratio | 1.73 | 1.68 | 2.24 | 2.17 | 2.08 | 4.59 | 11.05 | 6.19 | 6.90 | 5.94 | 2.72 |
| P/B Ratio | 1.97 | 1.83 | 2.55 | 2.54 | 2.11 | 24.46 | 39.13 | 17.00 | 20.31 | 16.73 | 8.08 |
| P/FCF | 17.23 | 16.72 | 34.82 | — | 7150.38 | 149.11 | — | 109.97 | 97.97 | 129.43 | — |
| P/OCF | 16.19 | 15.72 | 31.68 | 470.43 | 206.83 | 95.59 | 606.20 | 89.00 | 77.12 | 102.98 | 201.26 |
P/E links to full P/E history page with 30-year chart
XYZ EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Block, Inc.'s enterprise value stands at 21.7x EBITDA, 62% below its 5-year average of 56.3x. The Technology sector median is 17.5x, placing the stock at a 24% premium 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 | — | 1.58 | 2.06 | 2.07 | 2.00 | 4.65 | 11.08 | 6.05 | 7.00 | 5.79 | 2.46 |
| EV / EBITDA | 21.66 | 20.98 | 39.22 | 43.60 | — | 121.43 | 325.55 | 110.16 | 197.00 | 255.81 | — |
| EV / EBIT | 23.06 | 20.98 | 29.50 | — | — | 430.85 | 385.75 | 71.32 | — | — | — |
| EV / FCF | — | 15.74 | 32.02 | — | 6876.85 | 151.08 | — | 107.53 | 99.33 | 126.10 | — |
XYZ Profitability
Margins and return-on-capital ratios measuring operating efficiency
Block, Inc. earns an operating margin of 7.1%. Operating margins have expanded from 2.9% to 7.1% over the past 3 years, signaling improving operational efficiency. ROE of 6.0% is modest. ROIC of 7.0% represents adequate returns on invested capital.
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 | 42.8% | 42.8% | 36.9% | 33.5% | 34.2% | 24.4% | 28.0% | 38.7% | 37.9% | 36.5% | 32.1% |
| Operating Margin | 7.1% | 7.1% | 3.7% | 2.9% | -3.6% | 2.6% | 1.8% | 3.3% | 1.7% | 0.6% | -7.0% |
| Net Profit Margin | 5.4% | 5.4% | 12.0% | 0.0% | -3.1% | 0.9% | 2.2% | 8.0% | -1.2% | -2.8% | -10.0% |
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 | 6.0% | 6.0% | 14.5% | 0.1% | -5.3% | 5.5% | 9.7% | 26.5% | -4.0% | -9.2% | -31.7% |
| ROA | 3.4% | 3.4% | 8.3% | 0.0% | -2.4% | 1.4% | 3.0% | 9.6% | -1.4% | -3.7% | -16.3% |
| ROIC | 7.0% | 7.0% | 4.0% | 2.9% | -4.6% | 9.3% | 6.2% | 9.2% | 4.5% | 3.4% | -104.7% |
| ROCE | 6.0% | 6.0% | 3.4% | 2.7% | -4.0% | 6.4% | 3.9% | 6.0% | 3.2% | 1.4% | -20.0% |
XYZ Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Block, Inc. carries a Debt/EBITDA ratio of 4.9x, which is highly leveraged (69% above the sector average of 2.9x). The company holds a net cash position — cash of $11.3B exceeds total debt of $9.0B, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns. Interest coverage of 14.1x 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 | 0.40 | 0.40 | 0.37 | 0.32 | 0.37 | 1.66 | 1.30 | 0.63 | 0.80 | 0.46 | — |
| Debt / EBITDA | 4.93 | 4.93 | 6.24 | 5.83 | — | 8.16 | 10.80 | 4.15 | 7.68 | 7.16 | — |
| Net Debt / Equity | — | -0.11 | -0.20 | -0.11 | -0.08 | 0.32 | 0.13 | -0.38 | 0.28 | -0.43 | -0.78 |
| Net Debt / EBITDA | -1.30 | -1.30 | -3.42 | -2.01 | — | 1.59 | 1.04 | -2.51 | 2.70 | -6.75 | — |
| Debt / FCF | — | -0.98 | -2.79 | — | -273.54 | 1.97 | — | -2.45 | 1.36 | -3.33 | — |
| Interest Coverage | 14.06 | 14.06 | 181.31 | — | -0.75 | 5.75 | 4.79 | 18.58 | -1.01 | -6.22 | — |
Net cash position: cash ($11.3B) exceeds total debt ($9.0B)
XYZ Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Block, Inc.'s current ratio of 2.20x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The current ratio has improved from 2.01x to 2.20x 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 | 2.20 | 2.20 | 2.33 | 2.01 | 1.85 | 1.94 | 1.88 | 1.90 | 2.07 | 1.83 | 1.73 |
| Quick Ratio | 2.19 | 2.19 | 2.31 | 1.99 | 1.84 | 1.92 | 1.87 | 1.87 | 2.05 | 1.81 | 1.71 |
| Cash Ratio | 1.15 | 1.15 | 1.49 | 1.06 | 1.04 | 1.50 | 0.93 | 1.31 | 1.10 | 0.89 | 0.89 |
| Asset Turnover | — | 0.61 | 0.66 | 0.66 | 0.56 | 1.27 | 0.96 | 1.04 | 1.01 | 1.01 | 1.41 |
| Inventory Turnover | 87.38 | 87.38 | 145.08 | 132.47 | 118.11 | 173.29 | 111.85 | 60.64 | 71.52 | 83.77 | 84.54 |
| Days Sales Outstanding | — | 134.01 | 85.79 | 119.81 | 110.85 | 43.39 | 41.00 | 53.42 | 42.87 | 103.71 | 69.91 |
XYZ Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Block, Inc. returns 5.6% to shareholders annually primarily through share buybacks. The earnings yield of 3.0% (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 | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
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 | 3.0% | 3.2% | 5.4% | 0.0% | — | 0.2% | 0.2% | 1.3% | — | — | — |
| FCF Yield | 5.8% | 6.0% | 2.9% | — | 0.0% | 0.7% | — | 0.9% | 1.0% | 0.8% | — |
| Buyback Yield | 5.6% | 5.7% | 2.2% | 0.3% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 5.6% | 5.7% | 2.2% | 0.3% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Shares Outstanding | — | $623M | $636M | $614M | $579M | $502M | $482M | $466M | $406M | $379M | $342M |
Peer Comparison
Compare XYZ 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 |
|---|---|---|---|---|---|---|---|---|---|
 XYZYou | $42B | 33.4 | 21.7 | 17.2 | 42.8% | 7.1% | 6.0% | 7.0% | 4.9 |
 PYPL | $41B | 8.5 | 6.1 | 7.3 | 46.6% | 18.3% | 25.7% | 15.0% | 1.4 |
 AFRM | $22B | 449.1 | 210.0 | 37.3 | 67.5% | -2.7% | 1.8% | -0.7% | 57.0 |
 SOFI | $20B | 41.0 | 22.8 | — | 75.1% | 11.0% | 5.7% | 3.6% | 2.4 |
 HOOD | $69B | 37.2 | 36.6 | 42.3 | 83.3% | 46.8% | 22.0% | 7.9% | 7.1 |
 FISV | $30B | 9.0 | 6.6 | 7.0 | 59.4% | 26.9% | 13.0% | 8.1% | 3.3 |
 FIS | $24B | 63.0 | 7.7 | 10.0 | 36.9% | 16.5% | 2.6% | 6.0% | 1.1 |
 GPN | $17B | 12.0 | 10.4 | 8.1 | 72.6% | 19.1% | 6.0% | 3.0% | 7.6 |
 PAYO | $2B | 26.6 | 7.4 | 8.4 | 78.1% | 11.8% | 10.2% | 30.7% | 0.4 |
 FOUR | $4B | 43.4 | 9.5 | 7.6 | 34.2% | 8.4% | 8.0% | 6.3% | 5.9 |
 V | $616B | 31.5 | 24.6 | 28.6 | 80.4% | 60.0% | 52.1% | 29.2% | 1.0 |
| Technology Median | — | 27.7 | 17.5 | 19.2 | 48.5% | -0.6% | 2.4% | 2.9% | 2.9 |
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Start ComparisonXYZ — Frequently Asked Questions
Quick answers to the most common questions about buying XYZ stock.
What is Block, Inc.'s P/E ratio?
Block, Inc.'s current P/E ratio is 33.4x. The historical average is 42.3x. This places it at the 67th percentile of its historical range.
What is Block, Inc.'s EV/EBITDA?
Block, Inc.'s current EV/EBITDA is 21.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 34.6x.
What is Block, Inc.'s ROE?
Block, Inc.'s return on equity (ROE) is 6.0%. The historical average is -13.0%.
Is XYZ stock overvalued?
Based on historical data, Block, Inc. is trading at a P/E of 33.4x. This is at the 67th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are Block, Inc.'s profit margins?
Block, Inc. has 42.8% gross margin and 7.1% operating margin.
How much debt does Block, Inc. have?
Block, Inc.'s Debt/EBITDA ratio is 4.9x, indicating high leverage. A ratio above 4x may signal elevated financial risk.