ACGL
Arch Capital Group Ltd.
ACGL offers stronger valuation, but that advantage does not outweigh its weaker overall profile.
BLK
BlackRock, Inc.
BLK has a slight edge over ACGL overall, supported by stronger fundamentals and stronger modeled upside.
ACGL Fundamentals
| Metric | Status |
|---|---|
| Under pressure | |
| Strong | |
| N/A | |
| N/A |
ACGL's profitability is currently strong, but its revenue is under pressure. Free cash flow and net leverage aren't meaningful measures for financial services companies like ACGL.
BLK Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| N/A | |
| N/A |
BLK's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like BLK.
ACGL PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 7.8x | $95.05 | -13% |
| Current | 9x | $109 | — |
| Fair | 9.3x | $113 | +3.8% |
| Forward | 11x | $109 | — |
| Expensive | 12x | $152 | +40% |
Historical ranges are pointers, not guarantees.
ACGL has the edge over BLK in the historical PE scenario, which offers more potential upside but is not a forecast.
BLK PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 19x | $848 | -30% |
| Fair | 22x | $973 | -20% |
| Expensive | 26x | $1,149 | -5.5% |
| Current | 28x | $1,217 | — |
Historical ranges are pointers, not guarantees.
BLK's PE is in its expensive range at 28x.
ACGL Forward outlook
| Metric | Outlook |
|---|---|
| Strongly deteriorating | |
| Stable | |
| Decline | |
| Improving | |
| Moderate | |
| Moderate |
Analysts expect ACGL's profitability to improve, but its revenue to decline.
BLK Forward outlook
There aren't enough analyst estimates for BLK to show an outlook.
ACGL Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $9.79 | -20% |
| Q3 2026 | $12.21 | +14% |
| Q2 2026 | $12.77 | +32% |
| Q1 2026 | $13.00 | +33% |
| Q4 2025 | $11.60 | +3.7% |
| Q3 2025 | $10.68 | -28% |
| Q2 2025 | $9.68 | -32% |
| Q1 2025 | $9.75 | -23% |
| Q4 2024 | $11.19 | -3.7% |
ACGL earned $12.21 per share over the past year, up 14% from the year before.
BLK Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | $43.87 | +11% |
| Q2 2026 | $41.73 | -0.4% |
| Q1 2026 | $39.73 | -4.7% |
| Q4 2025 | $35.31 | -17% |
| Q3 2025 | $39.42 | -2.7% |
| Q2 2025 | $41.89 | +4% |
| Q1 2025 | $41.69 | +5.9% |
| Q4 2024 | $42.53 | +16% |
BLK has the edge over ACGL on earnings, with stronger typical year-over-year growth.
ACGL Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $4.7B | -8.9% |
| Q2 2026 | $4.7B | -10% |
| Q1 2026 | $4.5B | -3.3% |
| Q4 2025 | $4.9B | +8.5% |
| Q3 2025 | $5.1B | +8.2% |
| Q2 2025 | $5.2B | +23% |
| Q1 2025 | $4.7B | +19% |
| Q4 2024 | $4.5B | +14% |
ACGL's revenue grew through 2024 and has held roughly level since: $4.7B last quarter, down 8.9% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q4 2021 | 38% | +12 points |
| Q3 2021 | 14% | -7.8 points |
| Q2 2021 | 29% | +7.5 points |
| Q1 2021 | 19% | +23 points |
| Q4 2020 | 27% | +7 points |
| Q3 2020 | 22% | N/A |
| Q2 2020 | 21% | N/A |
| Q1 2020 | -4% | N/A |
ACGL's operating margin was 38% last quarter, up 12 points from the same quarter a year ago.
BLK Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $7.8B | +19% |
| Q2 2026 | $7.1B | +31% |
| Q1 2026 | $6.7B | +27% |
| Q4 2025 | $7B | +23% |
| Q3 2025 | $6.5B | +25% |
| Q2 2025 | $5.4B | +13% |
| Q1 2025 | $5.3B | +12% |
| Q4 2024 | $5.7B | +23% |
BLK has the edge over ACGL on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 30% | 0 points |
| Q2 2026 | 35% | +2.8 points |
| Q1 2026 | 42% | +9.8 points |
| Q4 2025 | 24% | -13 points |
| Q3 2025 | 30% | -8.6 points |
| Q2 2025 | 32% | -5.5 points |
| Q1 2025 | 32% | -3.6 points |
| Q4 2024 | 37% | +2.3 points |
BLK's operating margin was 30% last quarter, about level with the same quarter a year ago, near the bottom of its range since 2019.
ACGL Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $1.7B | -20% |
| Q2 2026 | $1.3B | +18% |
| Q1 2026 | $1.2B | -19% |
| Q4 2025 | $1.4B | -11% |
| Q2 2025 | $1.1B | -26% |
| Q1 2025 | $1.4B | -6.5% |
| Q4 2024 | $1.6B | -5.5% |
| Q2 2024 | $1.5B | +33% |
ACGL's free cash flow was $5.6B over the past year, down 11% from the year before. Free cash flow isn't a meaningful measure for financial services companies like ACGL.
BLK Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $2.6B | +95% |
| Q2 2026 | $1.1B | -12% |
| Q1 2026 | -$1.1B | +$120M |
| Q4 2025 | $2.1B | -15% |
| Q2 2025 | $1.3B | -6.1% |
| Q1 2025 | -$1.2B | -$734M |
| Q4 2024 | $2.5B | +35% |
| Q2 2024 | $1.4B | +47% |
BLK's free cash flow was $4.8B over the past year, up 22% from the year before. Free cash flow isn't a meaningful measure for financial services companies like BLK.
ACGL Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -2.1% | -7.4M shares |
| 1 year | -9.2% | -34.7M shares |
| 3 years | -10% | -38M shares |
| 5 years | -14% | -56.5M shares |
| Available history | -17% | -70.2M shares |
ACGL has the edge over BLK on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $1.4B |
| Q2 2026 | $1.2B |
| Q1 2026 | $783M |
| Q4 2025 | $798M |
| Q3 2025 | $732M |
| Q2 2025 | $163M |
| Q1 2025 | $196M |
| Q4 2023 | — |
ACGL spent $4.2B buying back its own shares over the past year.
BLK Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.1% | -148K shares |
| 1 year | -0.4% | -677K shares |
| 3 years | +9.3% | +14M shares |
| 5 years | +6.2% | +9.6M shares |
| Available history | +4.4% | +7M shares |
BLK has 165M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q2 2025 | $396M |
| Q1 2025 | $657M |
| Q4 2024 | $386M |
| Q2 2024 | $519M |
| Q1 2024 | $634M |
| Q4 2023 | $384M |
| Q3 2023 | $396M |
| Q2 2023 | $383M |
ACGL Net Leverage
BLK Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.0x | Net Cash |
| Q2 2026 | 0.2x | Very low |
| Q1 2026 | 0.3x | Very low |
| Q4 2025 | 0.2x | Very low |
| Q3 2025 | 0.3x | Very low |
| Q2 2024 | 0.2x | Very low |
| Q1 2024 | 0.3x | Very low |
| Q4 2023 | 0.1x | Very low |
BLK has more cash than debt. Net leverage isn't a meaningful measure for financial services companies like BLK.
ACGL Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 69.0 | Neutral |
| Stochastic | 81.6 | Overbought |
ACGL's weekly RSI is 69 (neutral) and its Stochastic is 82 (overbought).
BLK Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 64.5 | Neutral |
| Stochastic | 79.0 | Neutral |
BLK's weekly RSI is 64 (neutral) and its Stochastic is 79 (neutral).
ACGL PE vs Financial Services Sector
| Metric | ACGL | Sector median | Relative |
|---|---|---|---|
| PE | 9x | 13x | 31% below |
| PE % | 42 | 63 | 21 pts below |
ACGL has the edge over BLK on valuation relative to its sector.
BLK PE vs Financial Services Sector
| Metric | BLK | Sector median | Relative |
|---|---|---|---|
| PE | 28x | 13x | 113% above |
| PE % | 97 | 63 | 34 pts above |
BLK is trading at 28x earnings, a 113% premium to the Financial Services sector's median of 13x.
ACGL Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $101.2 | 7.9% above |
| 20 week MA | $100.2 | 9% above |
| 50 week MA | $97.0 | 13% above |
| 100 week MA | $94.1 | 16% above |
| 200 week MA | $90.1 | 21% above |
ACGL is in an uptrend: it's above all five of its weekly moving averages, and 21% above its 200-week average.
BLK Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $1,128.0 | 7.9% above |
| 20 week MA | $1,108.9 | 9.7% above |
| 50 week MA | $1,071.6 | 14% above |
| 100 week MA | $1,051.1 | 16% above |
| 200 week MA | $914.1 | 33% above |
BLK is in an uptrend: it's above all five of its weekly moving averages, and 33% above its 200-week average.
ACGL Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $42.6 | $34.9 | -18% |
| 2021 | $34.9 | $43.5 | +25% |
| 2022 | $43.5 | $63.4 | +46% |
| 2023 | $63.4 | $74.3 | +17% |
| 2024 | $74.3 | $92.3 | +24% |
| 2025 | $92.3 | $95.9 | +3.8% |
| 2026 YTD | $95.9 | $109.2 | +14% |
ACGL has the edge over BLK on returns for 2026, with the stronger performance.
BLK Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $503.0 | $707.2 | +41% |
| 2021 | $707.2 | $913.9 | +29% |
| 2022 | $913.9 | $703.9 | -23% |
| 2023 | $703.9 | $811.8 | +15% |
| 2024 | $811.8 | $1,044.2 | +29% |
| 2025 | $1,044.2 | $1,088.1 | +4.2% |
| 2026 YTD | $1,088.1 | $1,216.6 | +12% |
BLK has finished higher in five of the last six years. It's up 12% so far in 2026.