Block XYZ Ratios & Valuation
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 44.9%+2.0pp | 42.8%+1.9pp | 40.9%+1.5pp | 39.4%+1.4pp | 38%+1.1pp | |
| Operating margin | 4.9%-2.1pp | 7.1%+1.9pp | 5.2%+0.3pp | 4.8%+0.8pp | 4.1%+0.4pp | |
| Net margin | 3.3%-2.1pp | 5.4%-7.7pp | 13.1%+0.7pp | 12.4%+1.5pp | 10.9%-1.1pp | |
| EBITDA margin | 6.5%-2.1pp | 8.6%+1.9pp | 6.7%+0.3pp | 6.3%+0.8pp | 5.6%+0.3pp | |
| Free cash flow margin | 13.3%+3.3pp | 10%+2.3pp | 7.7%+3.2pp | 4.5%-0.6pp | 5.1%-1.4pp | |
| Returns | ||||||
| Return on equity | 3.7%-2.3pp | 6%-8.8pp | 14.8%+0.5pp | 14.3%+1.3pp | 12.9%-1.6pp | |
| Return on assets | 2.1%-1.3pp | 3.4%-4.9pp | 8.3%+0.4pp | 8%+0.7pp | 7.3%-1.0pp | |
| Return on invested capital | 6.5%-2.5pp | 9%-0.1pp | 9.1%+0.5pp | 8.7%+1.1pp | 7.6%+1.1pp | |
| Efficiency | ||||||
| Asset turnover | 0.6×0.0× | 0.6×0.0× | 0.6×0.0× | 0.6×0.0× | 0.7×0.0× | |
| Inventory turnover | 95.3×-9.7× | 105.1×+5.5× | 99.5×-19.4× | 119×-11.2× | 130.1×-11.5× | |
| Liquidity | ||||||
| Current ratio | 2×-0.2× | 2.2×0.0× | 2.2×+0.2× | 2×-0.3× | 2.3×-0.1× | |
| Quick ratio | 2×-0.2× | 2.2×0.0× | 2.2×+0.2× | 1.9×-0.3× | 2.3×-0.1× | |
| Cash ratio | 1.1×-0.1× | 1.2×-0.2× | 1.4×+0.2× | 1.2×-0.3× | 1.5×0.0× | |
| Leverage | ||||||
| Debt-to-equity | 0.3×0.0× | 0.3×0.0× | 0.3×+0.1× | 0.2×-0.1× | 0.3×0.0× | |
| Debt-to-assets | 0.2×0.0× | 0.2×0.0× | 0.2×0.0× | 0.1×0.0× | 0.1×0.0× | |
| Net debt / EBITDA | -4.7×-1.6× | -3.1×+1.8× | -5×+0.5× | -5.5×+0.2× | -5.7×+0.4× | |
| Per Share | ||||||
| Book value per share | $36.34+1.9% | $35.65-1.5% | $36.21+1.1% | $35.80+5.9% | $33.79+1.1% | |
| Valuation | ||||||
| Market capitalization | $36.05B-8.8% | $39.55B-10.2% | $44.05B+9.6% | $40.19B+19.4% | $33.66B-36.1% | |
| Enterprise value | $28.58B-13.7% | $33.1B-8.4% | $36.14B+13.3% | $31.89B+22.7% | $25.99B-42.1% | |
| Price / earnings | 44.7×+14.4× | 30.3×+16.2× | 14×+0.5× | 13.6×+0.7× | 12.9×-5.3× | |
| Price / sales | 1.5×-0.2× | 1.6×-0.2× | 1.8×+0.2× | 1.7×+0.3× | 1.4×-0.8× | |
| Price / book | 1.7×-0.1× | 1.8×-0.2× | 2×+0.1× | 1.8×+0.2× | 1.6×-0.9× | |
| EV / EBITDA | 18×+2.1× | 15.9×-6.7× | 22.6×+1.5× | 21.1×+1.7× | 19.4×-16.0× | |
| EV / sales | 1.2×-0.2× | 1.4×-0.1× | 1.5×+0.2× | 1.3×+0.3× | 1.1×-0.8× | |
| Free cash flow yield | 9%+2.9pp | 6.1%+1.9pp | 4.2%+1.5pp | 2.7%-0.9pp | 3.6%+0.6pp | |
| Earnings yield | 2.2%-1.1pp | 3.3%-3.8pp | 7.1%-0.2pp | 7.4%-0.4pp | 7.8%+2.3pp |
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.
