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H&R BLOCK INC（HRB）与YELP INC（YELP）财务数据对比。点击上方公司名可切换其他公司
YELP INC的季度营收约是H&R BLOCK INC的1.8倍（$360.0M vs $198.9M）。YELP INC净利率更高（10.5% vs -121.8%，领先132.3%）。H&R BLOCK INC同比增速更快（11.1% vs -0.5%）。YELP INC自由现金流更多（$72.3M vs $-649.5M）。过去两年YELP INC的营收复合增速更高（4.0% 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。
Yelp Inc.是一家总部位于旧金山的美国企业，旗下运营Yelp.com网站与Yelp移动应用，主打用户生成的本地商户点评内容，同时还提供Yelp Guest Manager餐桌预订服务，为消费者和商家搭建双向信息对接的服务平台。
HRB vs YELP — 直观对比
营收规模更大
YELP
是对方的1.8倍
$198.9M
营收增速更快
HRB
高出11.6%
-0.5%
净利率更高
YELP
高出132.3%
-121.8%
自由现金流更多
YELP
多$721.8M
$-649.5M
两年增速更快
YELP
近两年复合增速
-69.8%
损益表 — Q2 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $198.9M | $360.0M |
| 净利润 | $-242.2M | $37.8M |
| 毛利率 | -70.9% | — |
| 营业利润率 | -160.5% | 13.6% |
| 净利率 | -121.8% | 10.5% |
| 营收同比 | 11.1% | -0.5% |
| 净利润同比 | 0.5% | -10.5% |
| 每股收益（稀释后） | — | $0.60 |
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HRBYELP
| Q4 25 | $198.9M | $360.0M | ||
| Q3 25 | $203.6M | $376.0M | ||
| Q2 25 | $1.1B | $370.4M | ||
| Q1 25 | $2.3B | $358.5M | ||
| Q4 24 | $179.1M | $362.0M | ||
| Q3 24 | $193.8M | $360.3M | ||
| Q2 24 | $1.1B | $357.0M | ||
| Q1 24 | $2.2B | $332.8M |
净利润HRBYELP
| Q4 25 | $-242.2M | $37.8M | ||
| Q3 25 | $-165.8M | $39.3M | ||
| Q2 25 | $299.4M | $44.1M | ||
| Q1 25 | $722.3M | $24.4M | ||
| Q4 24 | $-243.4M | $42.2M | ||
| Q3 24 | $-172.6M | $38.4M | ||
| Q2 24 | $257.8M | $38.0M | ||
| Q1 24 | $690.7M | $14.2M |
毛利率HRBYELP
| Q4 25 | -70.9% | — | ||
| Q3 25 | -34.6% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 57.4% | — | ||
| Q4 24 | -75.5% | — | ||
| Q3 24 | -39.1% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 57.6% | — |
营业利润率HRBYELP
| Q4 25 | -160.5% | 13.6% | ||
| Q3 25 | -106.3% | 14.1% | ||
| Q2 25 | 33.1% | 14.4% | ||
| Q1 25 | 42.1% | 8.2% | ||
| Q4 24 | -174.4% | 14.8% | ||
| Q3 24 | -119.8% | 12.9% | ||
| Q2 24 | 33.0% | 11.1% | ||
| Q1 24 | 41.5% | 3.4% |
净利率HRBYELP
| Q4 25 | -121.8% | 10.5% | ||
| Q3 25 | -81.5% | 10.5% | ||
| Q2 25 | 27.0% | 11.9% | ||
| Q1 25 | 31.7% | 6.8% | ||
| Q4 24 | -135.9% | 11.7% | ||
| Q3 24 | -89.0% | 10.7% | ||
| Q2 24 | 24.3% | 10.7% | ||
| Q1 24 | 31.6% | 4.3% |
每股收益（稀释后）HRBYELP
| Q4 25 | — | $0.60 | ||
| Q3 25 | — | $0.61 | ||
| Q2 25 | — | $0.67 | ||
| Q1 25 | $5.31 | $0.36 | ||
| Q4 24 | — | $0.58 | ||
| Q3 24 | — | $0.56 | ||
| Q2 24 | — | $0.54 | ||
| Q1 24 | $4.86 | $0.20 |
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 | $319.4M |
| 总债务越低越好 | $2.4B | — |
| 股东权益账面价值 | $-823.1M | $710.9M |
| 总资产 | $2.9B | $958.5M |
| 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HRBYELP
| Q4 25 | $349.2M | $319.4M | ||
| Q3 25 | $376.4M | $333.6M | ||
| Q2 25 | $983.3M | $301.1M | ||
| Q1 25 | $772.9M | $324.4M | ||
| Q4 24 | $320.1M | $317.9M | ||
| Q3 24 | $415.9M | $397.0M | ||
| Q2 24 | $1.1B | $384.8M | ||
| Q1 24 | $794.6M | $420.8M |
总债务HRBYELP
| 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HRBYELP
| Q4 25 | $-823.1M | $710.9M | ||
| Q3 25 | $-550.9M | $733.2M | ||
| Q2 25 | $88.9M | $746.4M | ||
| Q1 25 | $-192.8M | $728.0M | ||
| Q4 24 | $-872.5M | $744.0M | ||
| Q3 24 | $-368.1M | $739.5M | ||
| Q2 24 | $90.6M | $735.3M | ||
| Q1 24 | $-129.8M | $722.0M |
总资产HRBYELP
| Q4 25 | $2.9B | $958.5M | ||
| Q3 25 | $2.6B | $989.9M | ||
| Q2 25 | $3.3B | $980.2M | ||
| Q1 25 | $3.2B | $985.2M | ||
| Q4 24 | $2.7B | $983.6M | ||
| Q3 24 | $2.5B | $980.2M | ||
| Q2 24 | $3.2B | $965.0M | ||
| Q1 24 | $3.2B | $993.5M |
负债/权益比HRBYELP
| 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 | $84.5M |
| 自由现金流经营现金流 - 资本支出 | $-649.5M | $72.3M |
| 自由现金流率自由现金流/营收 | -326.6% | 20.1% |
| 资本支出强度资本支出/营收 | 17.9% | 3.4% |
| 现金转化率经营现金流/净利润 | — | 2.24× |
| 过去12个月自由现金流最近4个季度 | $524.1M | $323.7M |
8季度趋势，按日历期对齐
经营现金流HRBYELP
| Q4 25 | $-614.0M | $84.5M | ||
| Q3 25 | $-356.8M | $131.5M | ||
| Q2 25 | $251.6M | $58.0M | ||
| Q1 25 | $1.3B | $98.0M | ||
| Q4 24 | $-567.1M | $71.0M | ||
| Q3 24 | $-328.6M | $102.3M | ||
| Q2 24 | $300.6M | $39.7M | ||
| Q1 24 | $1.4B | $72.9M |
自由现金流HRBYELP
| Q4 25 | $-649.5M | $72.3M | ||
| Q3 25 | $-370.0M | $118.9M | ||
| Q2 25 | $241.3M | $45.0M | ||
| Q1 25 | $1.3B | $87.5M | ||
| Q4 24 | $-597.4M | $60.0M | ||
| Q3 24 | $-347.3M | $92.5M | ||
| Q2 24 | $290.7M | $30.1M | ||
| Q1 24 | $1.3B | $65.9M |
自由现金流率HRBYELP
| Q4 25 | -326.6% | 20.1% | ||
| Q3 25 | -181.8% | 31.6% | ||
| Q2 25 | 21.7% | 12.2% | ||
| Q1 25 | 57.2% | 24.4% | ||
| Q4 24 | -333.6% | 16.6% | ||
| Q3 24 | -179.2% | 25.7% | ||
| Q2 24 | 27.4% | 8.4% | ||
| Q1 24 | 61.4% | 19.8% |
资本支出强度HRBYELP
| Q4 25 | 17.9% | 3.4% | ||
| Q3 25 | 6.5% | 3.3% | ||
| Q2 25 | 0.9% | 3.5% | ||
| Q1 25 | 1.0% | 2.9% | ||
| Q4 24 | 17.0% | 3.0% | ||
| Q3 24 | 9.7% | 2.7% | ||
| Q2 24 | 0.9% | 2.7% | ||
| Q1 24 | 1.0% | 2.1% |
现金转化率HRBYELP
| Q4 25 | — | 2.24× | ||
| Q3 25 | — | 3.34× | ||
| Q2 25 | 0.84× | 1.32× | ||
| Q1 25 | 1.83× | 4.02× | ||
| Q4 24 | — | 1.68× | ||
| Q3 24 | — | 2.66× | ||
| Q2 24 | 1.17× | 1.04× | ||
| Q1 24 | 1.97× | 5.15× |
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% |
YELP
| Advertising Services | $231.4M | 64% |
| Advertising Restaurants And Other | $106.8M | 30% |
| Other Revenue | $21.8M | 6% |
