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H&R BLOCK INC（HRB）与UNIFIRST CORP（UNF）财务数据对比。点击上方公司名可切换其他公司
UNIFIRST CORP的季度营收约是H&R BLOCK INC的3.1倍（$621.3M vs $198.9M）。UNIFIRST CORP净利率更高（5.5% vs -121.8%，领先127.3%）。H&R BLOCK INC同比增速更快（11.1% vs 2.7%）。UNIFIRST CORP自由现金流更多（$-24.0M vs $-649.5M）。过去两年UNIFIRST CORP的营收复合增速更高（2.6% vs -69.8%）
H&R Block是美国知名税务服务企业，1955年由亨利·布洛克与理查德·布洛克兄弟在密苏里州堪萨斯城创立，目前业务范围覆盖美国、加拿大、澳大利亚三地，为个人及企业客户提供专业的税务申报、咨询等相关服务，在行业内拥有较高知名度。
UniFirst是总部位于美国马萨诸塞州威尔明顿的职业工装租赁服务商，业务覆盖工装及防护服装的生产、销售与租赁。公司拥有超过1.4万名员工，在美、加、欧设有260多处运营网点，涵盖客服中心、核净化设施、洁净车间、配送中心及生产工厂。
HRB vs UNF — 直观对比
营收规模更大
UNF
是对方的3.1倍
$198.9M
营收增速更快
HRB
高出8.3%
2.7%
净利率更高
UNF
高出127.3%
-121.8%
自由现金流更多
UNF
多$625.5M
$-649.5M
两年增速更快
UNF
近两年复合增速
-69.8%
损益表 — Q2 2026 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $198.9M | $621.3M |
| 净利润 | $-242.2M | $34.4M |
| 毛利率 | -70.9% | 36.7% |
| 营业利润率 | -160.5% | 7.3% |
| 净利率 | -121.8% | 5.5% |
| 营收同比 | 11.1% | 2.7% |
| 净利润同比 | 0.5% | -20.3% |
| 每股收益（稀释后） | — | $1.89 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收HRBUNF
| Q4 25 | $198.9M | $621.3M | ||
| Q3 25 | $203.6M | $614.4M | ||
| Q2 25 | $1.1B | $610.8M | ||
| Q1 25 | $2.3B | — | ||
| Q4 24 | $179.1M | $604.9M | ||
| Q3 24 | $193.8M | $639.9M | ||
| Q2 24 | $1.1B | $603.3M | ||
| Q1 24 | $2.2B | $590.7M |
净利润HRBUNF
| Q4 25 | $-242.2M | $34.4M | ||
| Q3 25 | $-165.8M | $41.0M | ||
| Q2 25 | $299.4M | $39.7M | ||
| Q1 25 | $722.3M | — | ||
| Q4 24 | $-243.4M | $43.1M | ||
| Q3 24 | $-172.6M | $44.6M | ||
| Q2 24 | $257.8M | $38.1M | ||
| Q1 24 | $690.7M | $20.5M |
毛利率HRBUNF
| Q4 25 | -70.9% | 36.7% | ||
| Q3 25 | -34.6% | 37.8% | ||
| Q2 25 | — | 36.9% | ||
| Q1 25 | 57.4% | — | ||
| Q4 24 | -75.5% | 37.0% | ||
| Q3 24 | -39.1% | 36.1% | ||
| Q2 24 | — | 35.2% | ||
| Q1 24 | 57.6% | 32.9% |
营业利润率HRBUNF
| Q4 25 | -160.5% | 7.3% | ||
| Q3 25 | -106.3% | 8.1% | ||
| Q2 25 | 33.1% | 7.9% | ||
| Q1 25 | 42.1% | — | ||
| Q4 24 | -174.4% | 9.2% | ||
| Q3 24 | -119.8% | 8.4% | ||
| Q2 24 | 33.0% | 8.0% | ||
| Q1 24 | 41.5% | 4.7% |
净利率HRBUNF
| Q4 25 | -121.8% | 5.5% | ||
| Q3 25 | -81.5% | 6.7% | ||
| Q2 25 | 27.0% | 6.5% | ||
| Q1 25 | 31.7% | — | ||
| Q4 24 | -135.9% | 7.1% | ||
| Q3 24 | -89.0% | 7.0% | ||
| Q2 24 | 24.3% | 6.3% | ||
| Q1 24 | 31.6% | 3.5% |
每股收益（稀释后）HRBUNF
| Q4 25 | — | $1.89 | ||
| Q3 25 | — | $2.23 | ||
| Q2 25 | — | $2.13 | ||
| Q1 25 | $5.31 | — | ||
| Q4 24 | — | $2.31 | ||
| Q3 24 | — | $2.39 | ||
| Q2 24 | — | $2.03 | ||
| Q1 24 | $4.86 | $1.09 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $349.2M | $129.5M |
| 总债务越低越好 | $2.4B | — |
| 股东权益账面价值 | $-823.1M | $2.2B |
| 总资产 | $2.9B | $2.8B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资HRBUNF
| Q4 25 | $349.2M | $129.5M | ||
| Q3 25 | $376.4M | $209.2M | ||
| Q2 25 | $983.3M | $211.9M | ||
| Q1 25 | $772.9M | — | ||
| Q4 24 | $320.1M | $181.0M | ||
| Q3 24 | $415.9M | $175.1M | ||
| Q2 24 | $1.1B | $125.4M | ||
| Q1 24 | $794.6M | $101.9M |
总债务HRBUNF
| 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 | — |
股东权益HRBUNF
| Q4 25 | $-823.1M | $2.2B | ||
| Q3 25 | $-550.9M | $2.2B | ||
| Q2 25 | $88.9M | $2.2B | ||
| Q1 25 | $-192.8M | — | ||
| Q4 24 | $-872.5M | $2.1B | ||
| Q3 24 | $-368.1M | $2.1B | ||
| Q2 24 | $90.6M | $2.1B | ||
| Q1 24 | $-129.8M | $2.0B |
总资产HRBUNF
| Q4 25 | $2.9B | $2.8B | ||
| Q3 25 | $2.6B | $2.8B | ||
| Q2 25 | $3.3B | $2.8B | ||
| Q1 25 | $3.2B | — | ||
| Q4 24 | $2.7B | $2.7B | ||
| Q3 24 | $2.5B | $2.7B | ||
| Q2 24 | $3.2B | $2.7B | ||
| Q1 24 | $3.2B | $2.6B |
负债/权益比HRBUNF
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 12.86× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 16.46× | — | ||
| Q1 24 | — | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $-614.0M | $14.9M |
| 自由现金流经营现金流 - 资本支出 | $-649.5M | $-24.0M |
| 自由现金流率自由现金流/营收 | -326.6% | -3.9% |
| 资本支出强度资本支出/营收 | 17.9% | 6.3% |
| 现金转化率经营现金流/净利润 | — | 0.43× |
| 过去12个月自由现金流最近4个季度 | $524.1M | — |
8季度趋势，按日历期对齐
经营现金流HRBUNF
| Q4 25 | $-614.0M | $14.9M | ||
| Q3 25 | $-356.8M | — | ||
| Q2 25 | $251.6M | — | ||
| Q1 25 | $1.3B | — | ||
| Q4 24 | $-567.1M | $58.1M | ||
| Q3 24 | $-328.6M | $102.3M | ||
| Q2 24 | $300.6M | $86.3M | ||
| Q1 24 | $1.4B | $61.1M |
自由现金流HRBUNF
| Q4 25 | $-649.5M | $-24.0M | ||
| Q3 25 | $-370.0M | — | ||
| Q2 25 | $241.3M | — | ||
| Q1 25 | $1.3B | — | ||
| Q4 24 | $-597.4M | $24.6M | ||
| Q3 24 | $-347.3M | $63.8M | ||
| Q2 24 | $290.7M | $37.3M | ||
| Q1 24 | $1.3B | $27.2M |
自由现金流率HRBUNF
| Q4 25 | -326.6% | -3.9% | ||
| Q3 25 | -181.8% | — | ||
| Q2 25 | 21.7% | — | ||
| Q1 25 | 57.2% | — | ||
| Q4 24 | -333.6% | 4.1% | ||
| Q3 24 | -179.2% | 10.0% | ||
| Q2 24 | 27.4% | 6.2% | ||
| Q1 24 | 61.4% | 4.6% |
资本支出强度HRBUNF
| Q4 25 | 17.9% | 6.3% | ||
| Q3 25 | 6.5% | — | ||
| Q2 25 | 0.9% | — | ||
| Q1 25 | 1.0% | — | ||
| Q4 24 | 17.0% | 5.5% | ||
| Q3 24 | 9.7% | 6.0% | ||
| Q2 24 | 0.9% | 8.1% | ||
| Q1 24 | 1.0% | 5.7% |
现金转化率HRBUNF
| Q4 25 | — | 0.43× | ||
| Q3 25 | — | — | ||
| Q2 25 | 0.84× | — | ||
| Q1 25 | 1.83× | — | ||
| Q4 24 | — | 1.35× | ||
| Q3 24 | — | 2.29× | ||
| Q2 24 | 1.17× | 2.27× | ||
| Q1 24 | 1.97× | 2.98× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
HRB
| Tax Preparation Fees | $55.9M | 28% |
| Other | $33.3M | 17% |
| Royalty | $31.1M | 16% |
| Wave HQ Inc. | $29.8M | 15% |
| DIY Tax Preparation Fees | $16.8M | 8% |
| Interestand Fee Incomeon Emerald Advance | $13.4M | 7% |
| Feesfrom Emerald Card | $9.1M | 5% |
| Royalties | $5.1M | 3% |
| Tax Identity Shield | $4.2M | 2% |
UNF
| Uniforms And Facility Service Solutions | $568.8M | 92% |
| First Aid And Safety Solutions | $30.8M | 5% |
| Other | $22.9M | 4% |
| Served As An Senior Officer | $400.0K | 0% |
