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Block, Inc.

Rank #248Capital ReturnWatchlistCompare with other stocks

XYZ · NYSE · Technology

Block, Inc. (XYZ) — Rank #248 by gross profitability (GP/assets 0.26) · ROE 5.9% · Piotroski F-Score N/A.

As-of 2026-10-30 · CIK 0001512673 · all metrics point-in-time as of the filing date.

About

Block, Inc., together with its subsidiaries, builds ecosystems focused on commerce and financial products and services in the United States and internationally.

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It operates through two segments: Square and Cash App. The Square segment offers managed payment services; software solutions; hardware products, such as registers, terminals, stands, and readers for contactless and chips; banking services consisting of lending, instant transfer, and checking and savings accounts; and full-service setup and support services. This segment also provides loyalty, marketing, team management, and payroll services; and gift cards. It also offers Square Handheld, a portable point-of sale device for transaction purposes. The Cash App segment offers financial tools, including peer-to-peer payments, bitcoin, and stock investment brokerage; Cash App Card, a debit card; Cash App Pay, mobile-friendly way for cash app customers to pay at merchants across online and in-person channels; direct deposit, stock brokerage, and tax preparation services; and Afterpay, a buy now, pay later platform. In addition, the company operates TIDAL, a platform for musicians and fans; TBD, an open developer platform focused on making the decentralized financial world accessible; Bitkey, a self-custody bitcoin wallet; and proto. The company was formerly known as Square, Inc. and changed its name to Block, Inc. in December 2021. Block, Inc.

was incorporated in 2009 and is based in Oakland, California.

Industry
Software - Infrastructure
Sector
Technology
State
DE
Filer Category
Large accelerated filer
Fiscal Year End
December 31
Website
block.xyz

Company Snapshot

P/E and reverse DCF are the primary valuation lenses at this stage.

Market Cap

$45.41B

P/E (annual)

—

P/S (annual)

1.9

P/B

2.1

P/OCF (annual)

17.6

Shareholder Yield

2.1%

Employees

10,205

Industry

Software - Infrastructure

Exchange

NYSE

11/11

Flags passed

XYZ passes 11/11 quality flags

  • PASS
    Gross margin holding
  • PASS
    Dilution within 2%
  • PASS
    FCF not negative from investment
  • PASS
    Disclosure consistent
  • PASS
    Revenue not declining
  • PASS
    Operating margin holding
  • PASS
    Free cash flow intact
  • PASS
    Passes safety gate
  • PASS
    No competitive retreat
  • PASS
    SBC not compressing margin
  • PASS
    No valuation convergence

Strengths Operating leverage expanding · Sequential beat (rev + EPS)

No data Balance sheet — not counted as a pass.

A count of the 12 warning flags that could be evaluated. Unweighted: colour follows the worst flag.

Quality Profile

Profitability

1/1 pass
GP / assets
0.26
Return on equity
5.9%
Gross margin trend
PASS

Safety

1/1 pass
Balance-sheet safety
PASS
Debt / equity
0.78
Current ratio
2.21×
Net cash
$706.76M

Cash Flow

3/3 pass
Positive FCF
PASS
Cash-backed earnings
PASS
Accruals healthy
PASS
SBC / revenue
5.0%

Growth

2/2 pass
Revenue growth
0.3%
Piotroski F-Score
N/A
Share dilution
-2.1%

FCF yield, shareholder yield, and buyback activity are the primary reads at this stage.

Profitability

Does it make money well?

No warning flags · GP/assets 26th percentile of 36 SIC 7372 peers

Gross profitability (GP / assets)

0.26

Primary signal (Novy-Marx).

26th pctl of 36 SIC 7372 peers

Return on equity

5.9%

Gross margin

42.8%

3rd pctl of 36 SIC 7372 peers

Revenue growth (YoY)

0.3%

Gross margin improving

Margin trend vs prior year.

PASS

Operating Leverage

2022202320242025
Revenue vs COGS
Revenue vs OpEx
Op. Income vs Revenue

Growth

Revenue CAGR (3Y)

11.3%

Revenue CAGR (5Y)

20.6%

Earnings CAGR (3Y)

—

FCF CAGR (3Y)

681.1%

Cash Flow Health

Is the cash real?

No warning flags · FCF 86% above net income

Free cash flow

$2.42B

Operating cash flow minus capex.

Positive free cash flow

PASS

FCF vs net income

85.7%

(FCF − net income) ÷ |net income|. Positive: cash above earnings. Negative: below.

FCF not below net income

Fails when free cash flow is below net income (yellow flag).

PASS

Accruals healthy

Cash-backed earnings.

PASS

SBC / revenue

5.0%

Stock-based comp intensity.

Balance Sheet Strength

Can it survive a storm?

No warning flags · net cash $706.76M

Balance-sheet safety

Composite anti-fragile check.

PASS

Debt / equity

0.78

39th pctl of 32 SIC 7372 peers (best = lowest)

Current ratio

2.21×

57th pctl of 36 SIC 7372 peers

Quick ratio

0.63×

Net cash

$706.76M

Cash & equivalents minus total debt.

Piotroski F-Score

N/A

Only 8/9 components determinable.

Valuation

Is the price reasonable?

No warning flags

Capital allocation quality

Composite score

2.7 / 5

Fair
Share count trend(net buybacks)
-2.1%4/5 Strong
Buyback timing
N/AN/A
Dividend growth consistency(non-payer or broken streak)
0 yr3/5 Good
Net debt trajectory
-6.8%1/5 Weak

Lifecycle Phase History

20202025
Hypergrowth
Startup
Op. Leverage
Capital Return

Price History

XYZ-69.1% · -20.9% CAGRSPY+82.9% · +12.8% CAGR

View full financial statements →

Source filings on SEC EDGAR: 10-K annual reports · 10-Q quarterly reports