Block XYZ Ratios & Valuation
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 44.9%+6.9pp | 42.8%+6.0pp | 40.9%+4.8pp | 39.4%+4.3pp | 38%+3.5pp | |
| Operating margin | 4.9%+0.9pp | 7.1%+3.4pp | 5.2%+2.0pp | 4.8%+3.1pp | 4.1%+4.2pp | |
| Net margin | 3.3%-7.6pp | 5.4%-6.6pp | 13.1%+8.7pp | 12.4%+9.5pp | 10.9%+9.2pp | |
| Returns | ||||||
| Return on equity | 3.7%-9.2pp | 6%-8.5pp | 14.8%+9.2pp | 14.3%+10.6pp | 12.9%+10.8pp | |
| Return on invested capital | 6.5%-1.1pp | 9%+2.6pp | 9.1%+3.4pp | 8.7%+5.5pp | 7.6%+7.7pp | |
| Efficiency | ||||||
| Asset turnover | 0.6×0.0× | 0.6×-0.1× | 0.6×-0.1× | 0.6×0.0× | 0.7×0.0× | |
| Liquidity | ||||||
| Current ratio | 2×-0.3× | 2.2×-0.1× | 2.2×+0.1× | 2×+0.1× | 2.3×+0.6× | |
| Leverage | ||||||
| Debt-to-equity | 0.3×0.0× | 0.3×0.0× | 0.3×0.0× | 0.2×-0.1× | 0.3×+0.1× | |
| Net debt / EBITDA | -4.7×+1.0× | -3.1×+3.0× | -5×+1.6× | -5.5×+2.4× | -5.7×+12.4× | |
| Per Share | ||||||
| Book value per share | $36.34+7.5% | $35.65+6.7% | $36.21+15.0% | $35.80+17.6% | $33.79+13.5% | |
| Valuation | ||||||
| Market capitalization | $36.05B+7.1% | $39.55B-24.9% | $44.05B+6.2% | $40.19B+1.1% | $33.66B-35.4% | |
| Price / earnings | 44.7×+31.8× | 30.3×+12.1× | 14×-25.3× | 13.6×-44.8× | 12.9×-123× | |
| Price / sales | 1.5×+0.1× | 1.6×-0.5× | 1.8×+0.1× | 1.7×0.0× | 1.4×-0.9× | |
| Price / book | 1.7×+0.1× | 1.8×-0.7× | 2×-0.1× | 1.8×-0.2× | 1.6×-1.2× | |
| EV / EBITDA | 18×-1.4× | 15.9×-19.5× | 22.6×-7.2× | 21.1×-18.8× | 19.4×-96.1× |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- What are Block's profit margins?
- Block (XYZ) runs a 44.9% gross margin and a 4.9% operating margin, with a 3.3% net margin.
- Where do Block's ratios come from?
- Every ratio is computed from Block's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.
