H&R Block (HRB) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

H&R Block

NYSE•Consumer Cyclical•Personal Services

$53.14+0.89(0.02%)Pre-market

Market Cap

$6.78B

P/E

6.6x

P/S

1.3x

P/B

57.7x

H&R Block, Inc., through its subsidiaries, provides assisted and do-it-yourself (DIY) tax preparation solutions in the United States, Canada, and Australia. The company offers tax preparation services, such as assisted income tax return preparation and related services through a system of retail offices operated directly or through its franchisees in person or virtually; refund transfers for clients to receive tax refunds; Peace of Mind, an extended service plan; and H&R Block Emerald Prepaid Mastercard and Spruce debit cards. It also provides H&R Block Emerald Advance, a term loan; Tax Identity Shield, a program for protection of tax identity and access to services to help restore tax identity; refund advance loans; H&R Block's Instant Refund, an advance refund; and small business financial solutions, such as payment processing, payroll and bookkeeping services. H&R Block, Inc. was incorporated in 1955 and is headquartered in Kansas City, Missouri.

How this company scores

ExcellentMetricSide Score: 83/100

Strongest: Growth (25/25); weakest: Balance Sheet & Red Flags (13/25).

Profitability23/25

Growth25/25

Balance Sheet & Red Flags13/25

Cash & Earnings Quality22/25

Strengths

Growing revenueRising free cash flowHigh ROERising earnings

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 6.6x5y range 2.5x – 103.4x

Currently below its 18-quarter median.

P/S · 1.3x5y range 0.7x – 17.3x

Currently near its 20-quarter median.

P/B · 57.7x5y range 11.5x – 100.2x

Currently near its 7-quarter median.

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Leverage Risk

Red Flag

D/E ratio is 12.7 — heavily leveraged and vulnerable to rising rates or cash flow dips.

Cash Burn

Watch

FCF turned negative in 3 of the last 8 quarters — occasional cash consumption.

Price & Volume

Market Cap $6.78B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $5.06B
Q. Revenue: $1.35B
TTM EBITDA: $925.80M
TTM Op. Income: $715.37M
Q. Op. Income: $409.38M
TTM Net Income: $1.03B
Q. Net Income: $127.86M
EPS: $5.72
Shares Out.: $127.64M

$5.06B in TTM revenue grew 36.2% YoY, reaching $1.35B last quarter. TTM EBITDA of $925.80M and TTM operating income of $715.37M show growth is flowing through to the bottom line. TTM net income of $1.03B means revenue is converting into profit. Over the past year, TTM revenue is up 36% — a weakening trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 38.9%
EBITDA Margin: 34.9%
Op. Margin: 30.4%
Net Margin: 9.5%

Op. margin of 30.4% is down 12.6% YoY — costs are rising relative to revenue. Net margin at 9.5% and gross margin of 38.9% show how much of each revenue dollar survives to profit. Across the last 8 quarters, operating margin has risen for 2 consecutive quarters — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 6.6x
P/S Ratio: 1.3x
P/B Ratio: 57.7x

At 6.6x P/E, the stock trades below typical market levels. P/S of 1.3x and P/B of 57.7x provide additional context. P/E sits below typical market levels while revenue is growing. Over the past year, P/E is down 50% — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $3.26B
Cash: $958.71M
Long-Term Debt: $1.49B
Book Value: $117.49M
D/E Ratio: 12.7
Debt/EBITDA: 3.2

With $3.26B in assets and $1.49B in long-term debt, D/E is 12.7and book value is $117.49M — elevated leverage, meaning significant financial risk in a downturn. Across the last 3 quarters, debt/equity has fallen for 2 consecutive quarters — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $251.98M
TTM Free Cash Flow: $997.39M
FCF Margin: 19.7%
FCF / Net Income: 1.0

TTM FCF of $997.39M on $251.98M in operating cash flow. The FCF / Net Income ratio of 1.0x means free cash flow covers net income — earnings are backed by cash. Over the past year, free cash flow is up 49% — a weakening trend.