H&R Block
Financial ratios & Valuation

Forward Multiples (2026 – 2027)

20262027
Price/Earnings ratio
10.26N/A
Price/Sales ratio
2.422.44
Earnings per Share (EPS)
$4.96N/A

Historical Multiples (2015 – 2024)

2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 TTM Median
Valuation Ratios
Price/Earnings ratio
17.5513.4612.829.4113.22-435.167.1210.758.8313.0412.7512.75
Price/Sales ratio
2.701.651.721.821.801.241.211.711.402.152.021.80
Price/Book Value ratio
4.53218.15-86.1614.6610.3146.1011.8028.12152.5885.74-20.3046.10
Price/Cash Flow ratio
13.279.469.536.799.2130.056.647.365.9510.7710.279.21
Price/Free Cash Flow ratio
16.5211.6511.387.6810.93120.077.257.976.5011.8211.1310.93
Price/Earnings Growth ratio
-30.37-1.050.450.17-0.444.27-0.002.080.800.86-0.21-0.44
Dividend Yield
2.64%4.00%3.56%3.47%3.67%6.25%4.69%3.13%3.63%2.31%2.60%6.25%
Profitability Indicator Ratios
Gross Profit Margin
39.29%36.99%37.95%44.94%43.23%35.13%46.04%62.44%61.51%44.83%44.70%43.23%
Operating Profit Margin
25.59%21.19%23.69%23.99%20.42%7.52%22.71%21.57%22.58%22.30%21.63%20.42%
Pretax Profit Margin
24.12%18.74%20.72%21.16%17.61%-0.12%19.58%19.03%20.48%21.11%20.50%17.61%
Net Profit Margin
15.38%12.31%13.46%19.40%13.65%-0.28%17.1%15.98%15.94%16.48%16.19%13.65%
Effective Tax Rate
34.47%32.64%33.11%6.25%18.32%282.45%11.74%14.93%21.00%21.56%20.60%18.32%
Return on Assets
10.48%13.09%15.17%19.52%12.80%-0.14%15.97%16.93%18.02%18.49%22.98%12.80%
Return On Equity
25.84%1619.99%-671.68%155.73%78.02%-10.59%165.66%261.62%1726.85%657.12%-198.73%-10.59%
Return on Capital Employed
29.88%35.41%41.00%33.00%26.59%5.61%31.14%32.91%36.75%35.92%44.65%26.59%
Liquidity Ratios
Current Ratio
1.571.171.432.242.151.951.46N/AN/AN/A0.761.95
Quick Ratio
1.571.171.432.241.851.771.261.381.231.240.761.77
Cash ratio
1.060.861.071.831.701.680.800.881.051.070.521.68
Days of Sales Outstanding
19.9118.3919.5618.3716.3818.4156.7927.5310.085.175.3418.41
Days of Inventory outstanding
N/AN/AN/AN/A58.5762.1046.29N/A7.743.27N/A62.10
Operating Cycle
19.9118.3919.5618.3774.9680.51103.0927.5317.828.455.3480.51
Days of Payables Outstanding
45.1749.4942.0552.8651.8343.2939.2445.1643.6828.5529.4643.29
Cash Conversion Cycle
-25.26-31.09-22.48-34.4823.1237.2263.84-17.62-25.85-20.10-24.1237.22
Debt Ratios
Debt Ratio
0.110.520.550.470.450.780.530.580.620.460.580.45
Debt Equity Ratio
0.2765.04-24.533.792.7556.355.509.0860.3416.48-4.0556.35
Long-term Debt to Capitalization
0.210.981.040.790.730.970.830.890.980.941.320.73
Total Debt to Capitalization
0.210.981.040.790.730.980.840.900.980.941.320.73
Interest Coverage Ratio
17.569.187.708.417.071.907.20N/AN/AN/A9.907.07
Cash Flow to Debt Ratio
1.230.350.360.560.400.020.320.420.420.480.480.40
Company Equity Multiplier
2.46123.69-44.257.976.0971.9510.3615.4495.8135.53-6.9271.95
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.200.170.180.260.190.040.180.230.230.190.200.19
Free Cash Flow / Operating Cash Flow Ratio
0.800.810.830.880.840.250.910.920.910.910.900.84
Cash Flow Coverage Ratio
1.230.350.360.560.400.020.320.420.420.480.480.40
Short Term Coverage Ratio
793.17644.54560.74828.46N/A0.123.033.904.00257.45N/A0.12
Dividend Payout Ratio
46.43%53.88%45.75%32.69%48.62%-2722.16%33.41%33.67%32.13%30.19%30.95%-2722.16%