FTDR vs HRB: Frontdoor and H&R Block compared
The short version
From the latest prices and each company's SEC filings. Who's ahead on each measure, not which to buy.
- H&R Block is the larger company, worth $6.0B, close to Frontdoor's $5.5B.
- Frontdoor grew revenue faster over the last year (+4.5% vs +3.0%).
- On earnings, H&R Block is the cheaper stock (8.5x vs 22.4x).
- Frontdoor's price assumes faster free cash flow growth: about 0% a year, against -7% for H&R Block (reverse DCF).
Side by side
The stronger figure is shaded where higher (or, for valuation multiples, lower) reads as better. How the implied growth works.
| Measure | FTDR | HRB |
|---|---|---|
| Market cap | $5.5B | $6.0B |
| Share price | $79.80 | $44.05 |
| Revenue (last fiscal year) | $2.1B | $3.9B |
| Free cash flow (last fiscal year) | $390M | $756M |
| Revenue growth, last year | +4.5% | +3.0% |
| Revenue growth per year, last 5 fiscal years | +6.9% | +3.3% |
| Operating margin | — | 23.0% |
| Net margin | 12.8% | 18.6% |
| Return on equity | 96.5% | 624.4% |
| P/E (trailing) | 22.4x | 8.46x |
| Price / free cash flow | 14.1x | 10.0x |
| EV / EBITDA | 12.0x | 6.60x |
| FCF growth the price implies | 0.42% | -7.3% |
| Dividend yield | — | 3.6% |
| Debt / equity | 6.70x | 26.7x |
| Fundamental grade | C | C |
| Superinvestors holding it | 2 | 1 |
| Insider purchases, last 12 months | 0 | 0 |
Results from SEC filings
Revenue and free cash flow by fiscal year, from each company's 10-K filings.
Frontdoor
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $1.6B | $154M | — |
| 2022 | $1.7B | $102M | — |
| 2023 | $1.8B | $170M | — |
| 2024 | $1.8B | $231M | — |
| 2025 | $2.1B | $390M | — |
H&R Block
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2022 | $3.5B | $747M | 21.5% |
| 2023 | $3.5B | $752M | 21.6% |
| 2024 | $3.6B | $657M | 22.3% |
| 2025 | $3.8B | $599M | 22.0% |
| 2026 | $3.9B | $756M | 23.0% |
Where the revenue comes from
Frontdoor · by products, 2025
Renewals$1.6B76%
Non-Warranty and Other$193M9%
Direct-To-Consumer$172M8%
Real Estate$141M7%
H&R Block · by products, 2026
Service revenues$3.7B93%
Royalty, product and other revenues$281M7%
Compare them in fullFifteen years of statements, quarterly results, DCF and IRR models, and any number of peers side by side.
Open FTDR in InvestinglyQuestions
Which is bigger, Frontdoor or H&R Block?
H&R Block (HRB), at $6.0B against $5.5B.
Is FTDR or HRB cheaper?
By trailing P/E, H&R Block (8.46x) is cheaper than Frontdoor (22.4x). A lower multiple can also mean the market expects less growth.
Which grows faster, FTDR or HRB?
Frontdoor: revenue grew +4.5% over the last year, against +3.0%.
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.