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H&R BLOCK INC（HRB）与WW INTERNATIONAL, INC.（WW）财务数据对比。点击上方公司名可切换其他公司
H&R BLOCK INC的季度营收约是WW INTERNATIONAL, INC.的1.1倍（$198.9M vs $184.3M）。WW INTERNATIONAL, INC.净利率更高（-30.5% vs -121.8%，领先91.2%）。H&R BLOCK INC同比增速更快（11.1% vs -4.5%）。WW INTERNATIONAL, INC.自由现金流更多（$8.4M vs $-649.5M）。过去两年WW INTERNATIONAL, INC.的营收复合增速更高（-9.9% 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。
WW国际前身为慧俪轻体国际，是一家总部位于美国的全球性企业，主营减重与体重管理、健身及心态调整相关服务，核心产品为慧俪轻体综合减重饮食方案。公司由纽约皇后区的家庭主妇珍·妮德奇于1963年创立，截至2019年，其服务包含手机应用及网站线上方案、线上或电话指导、线下见面会三种模式。
HRB vs WW — 直观对比
营收规模更大
HRB
是对方的1.1倍
$184.3M
营收增速更快
HRB
高出15.5%
-4.5%
净利率更高
WW
高出91.2%
-121.8%
自由现金流更多
WW
多$657.9M
$-649.5M
两年增速更快
WW
近两年复合增速
-69.8%
损益表 — Q2 2026 vs Q3 2025
| 指标 | | |
|---|---|---|
| 营收 | $198.9M | $184.3M |
| 净利润 | $-242.2M | $-56.3M |
| 毛利率 | -70.9% | 72.2% |
| 营业利润率 | -160.5% | 5.8% |
| 净利率 | -121.8% | -30.5% |
| 营收同比 | 11.1% | -4.5% |
| 净利润同比 | 0.5% | -21.8% |
| 每股收益（稀释后） | — | $-5.63 |
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HRBWW
| Q4 25 | $198.9M | — | ||
| Q3 25 | $203.6M | $184.3M | ||
| Q2 25 | $1.1B | $12.2M | ||
| Q1 25 | $2.3B | $186.6M | ||
| Q4 24 | $179.1M | $184.4M | ||
| Q3 24 | $193.8M | $192.9M | ||
| Q2 24 | $1.1B | $202.1M | ||
| Q1 24 | $2.2B | $206.5M |
净利润HRBWW
| Q4 25 | $-242.2M | — | ||
| Q3 25 | $-165.8M | $-56.3M | ||
| Q2 25 | $299.4M | $1.3M | ||
| Q1 25 | $722.3M | $-72.6M | ||
| Q4 24 | $-243.4M | $25.1M | ||
| Q3 24 | $-172.6M | $-46.2M | ||
| Q2 24 | $257.8M | $23.3M | ||
| Q1 24 | $690.7M | $-347.9M |
毛利率HRBWW
| Q4 25 | -70.9% | — | ||
| Q3 25 | -34.6% | 72.2% | ||
| Q2 25 | — | 73.2% | ||
| Q1 25 | 57.4% | 71.2% | ||
| Q4 24 | -75.5% | 69.7% | ||
| Q3 24 | -39.1% | 67.1% | ||
| Q2 24 | — | 67.9% | ||
| Q1 24 | 57.6% | 66.7% |
营业利润率HRBWW
| Q4 25 | -160.5% | — | ||
| Q3 25 | -106.3% | 5.8% | ||
| Q2 25 | 33.1% | 21.3% | ||
| Q1 25 | 42.1% | -10.8% | ||
| Q4 24 | -174.4% | 19.6% | ||
| Q3 24 | -119.8% | -20.2% | ||
| Q2 24 | 33.0% | 17.8% | ||
| Q1 24 | 41.5% | -130.4% |
净利率HRBWW
| Q4 25 | -121.8% | — | ||
| Q3 25 | -81.5% | -30.5% | ||
| Q2 25 | 27.0% | 10.3% | ||
| Q1 25 | 31.7% | -38.9% | ||
| Q4 24 | -135.9% | 13.6% | ||
| Q3 24 | -89.0% | -23.9% | ||
| Q2 24 | 24.3% | 11.5% | ||
| Q1 24 | 31.6% | -168.4% |
每股收益（稀释后）HRBWW
| Q4 25 | — | — | ||
| Q3 25 | — | $-5.63 | ||
| Q2 25 | — | $0.13 | ||
| Q1 25 | $5.31 | $-0.91 | ||
| Q4 24 | — | $0.34 | ||
| Q3 24 | — | $-0.58 | ||
| Q2 24 | — | $0.29 | ||
| Q1 24 | $4.86 | $-4.39 |
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 | $170.1M |
| 总债务越低越好 | $2.4B | — |
| 股东权益账面价值 | $-823.1M | $323.0M |
| 总资产 | $2.9B | $968.8M |
| 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HRBWW
| Q4 25 | $349.2M | — | ||
| Q3 25 | $376.4M | $170.1M | ||
| Q2 25 | $983.3M | $152.4M | ||
| Q1 25 | $772.9M | $236.3M | ||
| Q4 24 | $320.1M | $53.0M | ||
| Q3 24 | $415.9M | $57.2M | ||
| Q2 24 | $1.1B | $42.7M | ||
| Q1 24 | $794.6M | $66.6M |
总债务HRBWW
| Q4 25 | $2.4B | — | ||
| Q3 25 | $1.7B | — | ||
| Q2 25 | $1.1B | — | ||
| Q1 25 | $1.1B | — | ||
| Q4 24 | $1.9B | $1.4B | ||
| Q3 24 | $1.5B | $1.4B | ||
| Q2 24 | $1.5B | $1.4B | ||
| Q1 24 | $1.5B | $1.4B |
股东权益HRBWW
| Q4 25 | $-823.1M | — | ||
| Q3 25 | $-550.9M | $323.0M | ||
| Q2 25 | $88.9M | $381.0M | ||
| Q1 25 | $-192.8M | $-1.2B | ||
| Q4 24 | $-872.5M | $-1.1B | ||
| Q3 24 | $-368.1M | $-1.1B | ||
| Q2 24 | $90.6M | $-1.1B | ||
| Q1 24 | $-129.8M | $-1.1B |
总资产HRBWW
| Q4 25 | $2.9B | — | ||
| Q3 25 | $2.6B | $968.8M | ||
| Q2 25 | $3.3B | $1.0B | ||
| Q1 25 | $3.2B | $696.9M | ||
| Q4 24 | $2.7B | $550.3M | ||
| Q3 24 | $2.5B | $562.4M | ||
| Q2 24 | $3.2B | $614.3M | ||
| Q1 24 | $3.2B | $654.2M |
负债/权益比HRBWW
| 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 | $8.4M |
| 自由现金流经营现金流 - 资本支出 | $-649.5M | $8.4M |
| 自由现金流率自由现金流/营收 | -326.6% | 4.6% |
| 资本支出强度资本支出/营收 | 17.9% | 0.0% |
| 现金转化率经营现金流/净利润 | — | — |
| 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HRBWW
| Q4 25 | $-614.0M | — | ||
| Q3 25 | $-356.8M | $8.4M | ||
| Q2 25 | $251.6M | $11.5M | ||
| Q1 25 | $1.3B | $15.0M | ||
| Q4 24 | $-567.1M | $4.6M | ||
| Q3 24 | $-328.6M | $16.5M | ||
| Q2 24 | $300.6M | $-1.9M | ||
| Q1 24 | $1.4B | $-36.0M |
自由现金流HRBWW
| Q4 25 | $-649.5M | — | ||
| Q3 25 | $-370.0M | $8.4M | ||
| Q2 25 | $241.3M | — | ||
| Q1 25 | $1.3B | $15.0M | ||
| Q4 24 | $-597.4M | $4.5M | ||
| Q3 24 | $-347.3M | $16.4M | ||
| Q2 24 | $290.7M | $-2.2M | ||
| Q1 24 | $1.3B | $-36.5M |
自由现金流率HRBWW
| Q4 25 | -326.6% | — | ||
| Q3 25 | -181.8% | 4.6% | ||
| Q2 25 | 21.7% | — | ||
| Q1 25 | 57.2% | 8.0% | ||
| Q4 24 | -333.6% | 2.4% | ||
| Q3 24 | -179.2% | 8.5% | ||
| Q2 24 | 27.4% | -1.1% | ||
| Q1 24 | 61.4% | -17.7% |
资本支出强度HRBWW
| Q4 25 | 17.9% | — | ||
| Q3 25 | 6.5% | 0.0% | ||
| Q2 25 | 0.9% | 0.0% | ||
| Q1 25 | 1.0% | 0.0% | ||
| Q4 24 | 17.0% | 0.1% | ||
| Q3 24 | 9.7% | 0.1% | ||
| Q2 24 | 0.9% | 0.1% | ||
| Q1 24 | 1.0% | 0.2% |
现金转化率HRBWW
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 0.84× | 9.18× | ||
| Q1 25 | 1.83× | — | ||
| Q4 24 | — | 0.18× | ||
| Q3 24 | — | — | ||
| Q2 24 | 1.17× | -0.08× | ||
| Q1 24 | 1.97× | — |
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% |
WW
暂无分部数据
