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Side-by-side financial comparison of Hippo Holdings Inc. (HIPO) and H&R BLOCK INC (HRB). Click either name above to swap in a different company.

H&R BLOCK INC is the larger business by last-quarter revenue ($198.9M vs $120.4M, roughly 1.7× Hippo Holdings Inc.). Hippo Holdings Inc. runs the higher net margin — 5.0% vs -121.8%, a 126.8% gap on every dollar of revenue. On growth, Hippo Holdings Inc. posted the faster year-over-year revenue change (18.2% vs 11.1%). Hippo Holdings Inc. produced more free cash flow last quarter ($9.1M vs $-649.5M). Over the past eight quarters, Hippo Holdings Inc.'s revenue compounded faster (18.9% CAGR vs -69.8%).

Hippo Valley Estate is a sugar estate found near the town of Chiredzi in Chiredzi District of southeastern Zimbabwe, on the Runde River near the border with Mozambique.

H&R Block, Inc., or H&R Block, is an American tax preparation company operating in Canada, the United States, and Australia. The company was founded in 1955 in Kansas City, Missouri, by brothers Henry W. Bloch and Richard Bloch.

HIPO vs HRB — Head-to-Head

Bigger by revenue
HRB
HRB
1.7× larger
HRB
$198.9M
$120.4M
HIPO
Growing faster (revenue YoY)
HIPO
HIPO
+7.1% gap
HIPO
18.2%
11.1%
HRB
Higher net margin
HIPO
HIPO
126.8% more per $
HIPO
5.0%
-121.8%
HRB
More free cash flow
HIPO
HIPO
$658.6M more FCF
HIPO
$9.1M
$-649.5M
HRB
Faster 2-yr revenue CAGR
HIPO
HIPO
Annualised
HIPO
18.9%
-69.8%
HRB

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
HIPO
HIPO
HRB
HRB
Revenue
$120.4M
$198.9M
Net Profit
$6.0M
$-242.2M
Gross Margin
Operating Margin
5.6%
-160.5%
Net Margin
5.0%
-121.8%
Revenue YoY
18.2%
11.1%
Net Profit YoY
-86.4%
0.5%
EPS (diluted)
$0.31

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
HIPO
HIPO
HRB
HRB
Q4 25
$120.4M
$198.9M
Q3 25
$120.6M
$203.6M
Q2 25
$117.3M
$1.1B
Q1 25
$110.3M
$2.3B
Q4 24
$101.9M
$179.1M
Q3 24
$95.5M
$193.8M
Q2 24
$89.6M
$1.1B
Q1 24
$85.1M
$2.2B
Net Profit
HIPO
HIPO
HRB
HRB
Q4 25
$6.0M
$-242.2M
Q3 25
$98.1M
$-165.8M
Q2 25
$1.3M
$299.4M
Q1 25
$-47.7M
$722.3M
Q4 24
$44.2M
$-243.4M
Q3 24
$-8.5M
$-172.6M
Q2 24
$-40.5M
$257.8M
Q1 24
$-35.7M
$690.7M
Gross Margin
HIPO
HIPO
HRB
HRB
Q4 25
Q3 25
Q2 25
Q1 25
57.4%
Q4 24
Q3 24
Q2 24
Q1 24
57.6%
Operating Margin
HIPO
HIPO
HRB
HRB
Q4 25
5.6%
-160.5%
Q3 25
81.3%
-106.3%
Q2 25
3.4%
33.1%
Q1 25
-41.3%
42.1%
Q4 24
46.3%
-174.4%
Q3 24
-5.4%
-119.8%
Q2 24
-40.7%
33.0%
Q1 24
-38.7%
41.5%
Net Margin
HIPO
HIPO
HRB
HRB
Q4 25
5.0%
-121.8%
Q3 25
81.3%
-81.5%
Q2 25
1.1%
27.0%
Q1 25
-43.2%
31.7%
Q4 24
43.4%
-135.9%
Q3 24
-8.9%
-89.0%
Q2 24
-45.2%
24.3%
Q1 24
-42.0%
31.6%
EPS (diluted)
HIPO
HIPO
HRB
HRB
Q4 25
$0.31
Q3 25
$3.77
Q2 25
$0.05
Q1 25
$-1.91
$5.31
Q4 24
$1.81
Q3 24
$-0.34
Q2 24
$-1.64
Q1 24
$-1.47
$4.86

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
HIPO
HIPO
HRB
HRB
Cash + ST InvestmentsLiquidity on hand
$218.3M
$349.2M
Total DebtLower is stronger
$2.4B
Stockholders' EquityBook value
$436.1M
$-823.1M
Total Assets
$1.9B
$2.9B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HIPO
HIPO
HRB
HRB
Q4 25
$218.3M
$349.2M
Q3 25
$247.7M
$376.4M
Q2 25
$198.9M
$983.3M
Q1 25
$140.9M
$772.9M
Q4 24
$197.6M
$320.1M
Q3 24
$191.2M
$415.9M
Q2 24
$175.9M
$1.1B
Q1 24
$223.4M
$794.6M
Total Debt
HIPO
HIPO
HRB
HRB
Q4 25
$2.4B
Q3 25
$1.7B
Q2 25
$1.1B
Q1 25
$1.1B
Q4 24
$1.9B
Q3 24
$1.5B
Q2 24
$1.5B
Q1 24
$1.5B
Stockholders' Equity
HIPO
HIPO
HRB
HRB
Q4 25
$436.1M
$-823.1M
Q3 25
$421.5M
$-550.9M
Q2 25
$332.5M
$88.9M
Q1 25
$322.8M
$-192.8M
Q4 24
$362.1M
$-872.5M
Q3 24
$326.4M
$-368.1M
Q2 24
$322.6M
$90.6M
Q1 24
$351.2M
$-129.8M
Total Assets
HIPO
HIPO
HRB
HRB
Q4 25
$1.9B
$2.9B
Q3 25
$1.9B
$2.6B
Q2 25
$1.7B
$3.3B
Q1 25
$1.5B
$3.2B
Q4 24
$1.5B
$2.7B
Q3 24
$1.5B
$2.5B
Q2 24
$1.5B
$3.2B
Q1 24
$1.5B
$3.2B
Debt / Equity
HIPO
HIPO
HRB
HRB
Q4 25
Q3 25
Q2 25
12.86×
Q1 25
Q4 24
Q3 24
Q2 24
16.46×
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
HIPO
HIPO
HRB
HRB
Operating Cash FlowLast quarter
$9.2M
$-614.0M
Free Cash FlowOCF − Capex
$9.1M
$-649.5M
FCF MarginFCF / Revenue
7.6%
-326.6%
Capex IntensityCapex / Revenue
0.1%
17.9%
Cash ConversionOCF / Net Profit
1.53×
TTM Free Cash FlowTrailing 4 quarters
$14.8M
$524.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HIPO
HIPO
HRB
HRB
Q4 25
$9.2M
$-614.0M
Q3 25
$16.9M
$-356.8M
Q2 25
$24.7M
$251.6M
Q1 25
$-35.6M
$1.3B
Q4 24
$47.5M
$-567.1M
Q3 24
$46.8M
$-328.6M
Q2 24
$-10.6M
$300.6M
Q1 24
$17.7M
$1.4B
Free Cash Flow
HIPO
HIPO
HRB
HRB
Q4 25
$9.1M
$-649.5M
Q3 25
$16.8M
$-370.0M
Q2 25
$24.6M
$241.3M
Q1 25
$-35.7M
$1.3B
Q4 24
$47.2M
$-597.4M
Q3 24
$-347.3M
Q2 24
$-10.7M
$290.7M
Q1 24
$17.6M
$1.3B
FCF Margin
HIPO
HIPO
HRB
HRB
Q4 25
7.6%
-326.6%
Q3 25
13.9%
-181.8%
Q2 25
21.0%
21.7%
Q1 25
-32.4%
57.2%
Q4 24
46.3%
-333.6%
Q3 24
-179.2%
Q2 24
-11.9%
27.4%
Q1 24
20.7%
61.4%
Capex Intensity
HIPO
HIPO
HRB
HRB
Q4 25
0.1%
17.9%
Q3 25
0.1%
6.5%
Q2 25
0.1%
0.9%
Q1 25
0.1%
1.0%
Q4 24
0.3%
17.0%
Q3 24
0.0%
9.7%
Q2 24
0.1%
0.9%
Q1 24
0.1%
1.0%
Cash Conversion
HIPO
HIPO
HRB
HRB
Q4 25
1.53×
Q3 25
0.17×
Q2 25
19.00×
0.84×
Q1 25
1.83×
Q4 24
1.07×
Q3 24
Q2 24
1.17×
Q1 24
1.97×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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