公司概述
H&R Block, Inc. operates as a provider of assisted and do-it-yourself tax return preparation services, alongside offering refund transfer solutions for clients in the United States, Canada, and Australia. This operational scope positions the entity within the Consumer Cyclical sector, specifically classified under the Personal Services industry, where demand for financial assistance often correlates with economic cycles and employment levels. The company currently holds a market capitalization of $3.91 billion, supported by an annual revenue of $3.79 billion generated over the trailing twelve months, and employs a workforce of 4,300 individuals. These valuation and revenue figures indicate that while the firm maintains a significant operational footprint in the personal services landscape, its market capitalization reflects a mid-cap profile that may be sensitive to fluctuations in consumer tax filing behaviors and regulatory changes.
财务健康
Over the trailing twelve months, the company reported revenue of $3.79 billion, net income of $613.56 million, and EBITDA of $961.41 million, highlighting a substantial gap between top-line revenue and bottom-line profit that underscores a complex cost structure involving high operational expenses or non-operating charges. The firm generated free cash flow of $420.79 million, which signifies a positive cash conversion capability that provides essential financial flexibility for debt servicing, capital expenditures, or potential strategic acquisitions. The company's margin profile presents a distinct divergence, with a gross margin of 44.2% indicating strong pricing power or cost control on core services, contrasted sharply by an operating margin of -150.3% which suggests significant overhead costs or restructuring expenses, yet a profit margin of 16.2% that demonstrates the ability to generate net income after all expenses and taxes. On the balance sheet, total cash stands at $349.19 million while total debt reaches $2.94 billion, creating a leveraged position that requires careful management, although the debt-to-equity ratio is listed as N/A in the provided data. Short-term liquidity is supported by a current ratio of 1.28, indicating that current assets are 1.28 times current liabilities, which offers a modest but adequate buffer against immediate obligations. Return on Assets stands at 18.7%, suggesting efficient utilization of assets to generate earnings, while Return on Equity is listed as N/A, preventing a direct assessment of shareholder capital efficiency in the current reporting period.
估值评估
The trailing twelve-month P/E ratio is 7.21, whereas the forward P/E ratio is 5.53, implying that the market expects earnings growth that would compress the valuation multiple over the coming year. The price-to-book ratio is -4.75, a negative metric that typically indicates market capitalization is below the book value of equity or reflects significant intangible asset valuation complexities rather than a standard market premium. Alternative valuation metrics such as the price-to-sales ratio of 1.03 and an EV/EBITDA of 6.76 suggest the company is trading at a valuation that aligns closely with its sales revenue and enterprise value relative to earnings before interest, taxes, depreciation, and amortization. The stock's 52-week trading range spans from a low of $28.16 to a high of $64.62, and without the specific current share price listed in the facts, the precise percentage deviation from the high cannot be calculated, though the wide range indicates significant recent volatility. The beta value of 0.33 indicates that the stock's price volatility is substantially lower than the broader market, suggesting a defensive characteristic where the stock price moves less aggressively than the overall market index.
Growth & Income
Revenue growth for the trailing twelve months was recorded at 11.1%, while earnings growth is listed as N/A, meaning a direct comparison of growth rates between revenue and earnings is not possible with the current data. For dividend payers, H&R Block offers a dividend yield of 5.4% with a payout ratio of 37.2%, suggesting that the dividend distribution is covered by earnings to a moderate degree, though the sustainability depends on maintaining or growing future net income. The company's overall growth and income profile is characterized by double-digit revenue expansion supported by a high dividend yield, yet the lack of reported earnings growth data creates uncertainty regarding the trajectory of profitability relative to sales performance.