AGM
Federal Agricultural Mortgage Corporation
AGM has the edge over BLK overall, supported by stronger valuation and stronger modeled upside.
BLK
BlackRock, Inc.
BLK offers stronger fundamentals, but that advantage does not outweigh its weaker overall profile.
AGM Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| N/A | |
| N/A |
AGM's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like AGM.
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.
AGM PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 8x | $175 | — |
| Cheap | 9x | $169 | -3.4% |
| Current | 9.3x | $175 | — |
| Fair | 11x | $198 | +13% |
| Expensive | 12x | $230 | +31% |
Historical ranges are pointers, not guarantees.
AGM 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.
AGM Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for AGM, with profitability improving.
BLK Forward outlook
There aren't enough analyst estimates for BLK to show an outlook.
AGM Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $21.78 | +15% |
| Q3 2026 | $18.88 | +7.6% |
| Q2 2026 | $18.29 | +7.8% |
| Q1 2026 | $17.36 | +7.4% |
| Q4 2025 | $16.62 | +1.1% |
| Q3 2025 | $17.55 | +13% |
| Q2 2025 | $16.97 | +3.6% |
| Q1 2025 | $16.17 | -1.4% |
| Q4 2024 | $16.44 | +4% |
AGM has the edge over BLK on earnings, with more consistent year-over-year improvement.
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 earned $43.87 per share over the past year, up 11% from the year before.
AGM Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $125.3M | +20% |
| Q2 2026 | $125M | +22% |
| Q1 2026 | $109.1M | +16% |
| Q4 2025 | $107.5M | +6.1% |
| Q3 2025 | $104M | +15% |
| Q2 2025 | $102.6M | +14% |
| Q1 2025 | $94.3M | +0.7% |
| Q4 2024 | $101.3M | +19% |
AGM's revenue has grown year over year for eight quarters in a row: $125M last quarter, up 20% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 64% | -0.6 points |
| Q2 2026 | 65% | +1.7 points |
| Q1 2026 | 65% | -1.5 points |
| Q4 2025 | 56% | -11 points |
| Q3 2025 | 64% | -4.7 points |
| Q2 2025 | 64% | -2.2 points |
| Q1 2025 | 67% | -5.9 points |
| Q4 2024 | 68% | -3.6 points |
AGM has the edge over BLK on profitability, with a higher operating margin.
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 AGM on sales, with stronger typical year-over-year growth.
| 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.
AGM Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $362.7M | +389% |
| Q2 2026 | $40.4M | +$88.1M |
| Q1 2026 | $92.1M | +$141.9M |
| Q4 2025 | $103.4M | -72% |
| Q3 2025 | $74.2M | +$118.6M |
| Q2 2025 | -$47.7M | -191% |
| Q1 2025 | -$49.8M | -122% |
| Q4 2024 | $367.5M | +$534.4M |
AGM's free cash flow was $599M over the past year, up 74% from the year before. Free cash flow isn't a meaningful measure for financial services companies like AGM.
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.
AGM Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.2% | +27K shares |
| 1 year | -0.6% | -63K shares |
| 3 years | -0.3% | -29K shares |
| 5 years | +0.6% | +67K shares |
| Available history | +1.2% | +131K shares |
AGM has the edge over BLK on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | — |
| Q1 2026 | $7.1M |
| Q4 2021 | — |
| Q3 2021 | — |
| Q2 2021 | — |
| Q1 2021 | — |
| Q4 2020 | — |
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 |
AGM 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.
AGM Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 34.8 | Neutral |
| Stochastic | 8.2 | Oversold |
AGM's weekly RSI is 35 (neutral) and its Stochastic is 8 (oversold).
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).
AGM PE vs Financial Services Sector
| Metric | AGM | Sector median | Relative |
|---|---|---|---|
| PE | 9.3x | 13x | 29% below |
| PE % | 23 | 63 | 40 pts below |
AGM 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.
AGM Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $199.2 | 12% below |
| 20 week MA | $211.2 | 17% below |
| 50 week MA | $186.6 | 6.1% below |
| 100 week MA | $185.7 | 5.6% below |
| 200 week MA | $177.6 | 1.3% below |
AGM is in a downtrend: it's below all five of its weekly moving averages, and 1.3% below 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 has the edge over AGM on trend strength, trading above more of its moving averages.
AGM Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $84.2 | $73.9 | -12% |
| 2021 | $73.9 | $120.7 | +63% |
| 2022 | $120.7 | $114.0 | -5.5% |
| 2023 | $114.0 | $191.2 | +68% |
| 2024 | $191.2 | $197.3 | +3.2% |
| 2025 | $197.3 | $177.6 | -10% |
| 2026 YTD | $177.6 | $175.2 | -1.3% |
AGM has finished lower in three of the last six years. It's down 1.3% so far in 2026.
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 the edge over AGM on returns for 2026, with the stronger performance.