ADT vs H&R Block
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KIRA’s take AI analyst
I put ADT and H&R Block side by side, using each one’s latest annual report. Here is what stands out:
- ADT is the larger business, with $5.1B of revenue in fiscal 2025 against $3.9B for H&R Block.
- ADT turned more of its sales into free cash flow (33.3% FCF margin, against 19.2%).
- H&R Block earned a higher return on the capital invested in it (129.0%, against 8.2%).
Who comes out ahead
Of the 6 measures where higher (or lower) is clearly better, how many each company leads.
ADT
ADT
1/6
FCF margin
H&R Block
HRB
5/6
Revenue growth5-year growthNet marginReturn on capitalNet debt / EBITDA
Side by side
Best in the row
| Latest fiscal year | ADT FY25 | HRB FY26 |
|---|---|---|
| Size | ||
| Market cap | — | $6.5B |
| Revenue | $5.1B | $3.9B |
| Free cash flow | $1.7B | $756M |
| Net income | $596M | $734M |
| Growth | ||
| Revenue growth | 4.7% | 4.9% |
| 5-year growth | −0.7% | 2.9% |
| Share count change | — | −6.2% |
| Profitability | ||
| Gross margin | — | 44.3% |
| Operating margin | 25.5% | — |
| Net margin | 11.6% | 18.6% |
| FCF margin | 33.3% | 19.2% |
| Return on capital | 8.2% | 129.0% |
| Return on equity | 15.7% | — |
| Balance sheet | ||
| Net debt | $7.8B | $533M |
| Net debt / EBITDA | 2.9x | 0.5x |
| Dividends and buybacks | $794M | $211M |
| Valuation & quality | ||
| P/E | — | — |
| Piotroski F-score | — | 8 |
Ten years
Revenue
FY17
ADT $4.3B
HRB $3.0B
FY18
ADT $4.6B
HRB $3.2B
FY19
ADT $5.1B
HRB $3.1B
FY20
ADT $5.3B
HRB $2.6B
FY21
ADT $4.2B
HRB $3.4B
FY22
ADT $4.4B
HRB $3.5B
FY23
ADT $4.7B
HRB $3.5B
FY24
ADT $4.9B
HRB $3.6B
FY25
ADT $5.1B
HRB $3.8B
FY26
ADT —
HRB $3.9B
ADT
HRB
Operating margin
FY17
ADT 6.5%
HRB —
FY18
ADT 6.1%
HRB —
FY19
ADT 3.8%
HRB —
FY20
ADT 0.8%
HRB —
FY21
ADT 0.2%
HRB —
FY22
ADT 16.6%
HRB —
FY23
ADT 25.3%
HRB —
FY24
ADT 24.7%
HRB —
FY25
ADT 25.5%
HRB —
FY26
ADT —
HRB —
ADT
HRB
Free cash flow
FY17
ADT $1.5B
HRB $463M
FY18
ADT $1.7B
HRB $751M
FY19
ADT $1.7B
HRB $511M
FY20
ADT $1.2B
HRB $27.3M
FY21
ADT $1.5B
HRB $573M
FY22
ADT $1.7B
HRB $747M
FY23
ADT $1.5B
HRB $752M
FY24
ADT $1.7B
HRB $657M
FY25
ADT $1.7B
HRB $599M
FY26
ADT —
HRB $756M
ADT
HRB
Return on capital
FY17
ADT —
HRB 92.9%
FY18
ADT 1.6%
HRB 185.5%
FY19
ADT 1.2%
HRB 128.1%
FY20
ADT 0.3%
HRB 10.7%
FY21
ADT 0.1%
HRB 75.2%
FY22
ADT 4.3%
HRB 73.9%
FY23
ADT 7.0%
HRB 91.9%
FY24
ADT 7.9%
HRB 124.2%
FY25
ADT 8.2%
HRB 119.0%
FY26
ADT —
HRB 129.0%
ADT
HRB
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.