AXS
AXIS Capital Holdings Limited
AXS has the edge over BLK overall, supported by stronger valuation.
BLK
BlackRock, Inc.
BLK offers stronger fundamentals, but that advantage does not outweigh its weaker overall profile.
AXS Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| N/A | |
| N/A |
AXS's profitability is currently healthy, and its revenue is stable. Free cash flow and net leverage aren't meaningful measures for financial services companies like AXS.
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.
AXS PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 8.1x | $106 | -2.2% |
| Current | 8.3x | $108 | — |
| Forward | 8.4x | $108 | — |
| Fair | 11x | $141 | +31% |
| Expensive | 17x | $219 | +102% |
Historical ranges are pointers, not guarantees.
AXS 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.
AXS Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Stable | |
| Growth | |
| Stable | |
| Limited | |
| Moderate |
Analysts expect AXS's revenue to grow, with its earnings and profitability holding steady.
BLK Forward outlook
There aren't enough analyst estimates for BLK to show an outlook.
AXS Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $12.88 | -1.3% |
| Q3 2026 | $13.05 | +7.9% |
| Q2 2026 | $14.04 | +35% |
| Q1 2026 | $13.38 | +33% |
| Q4 2025 | $12.35 | 0% |
| Q3 2025 | $12.10 | +68% |
| Q2 2025 | $10.40 | +43% |
| Q1 2025 | $10.08 | +54% |
| Q4 2024 | $12.35 | +207% |
AXS 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.
AXS Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.8B | +6.9% |
| Q2 2026 | $1.8B | +7.4% |
| Q1 2026 | $1.6B | +8% |
| Q4 2025 | $1.7B | +18% |
| Q3 2025 | $1.7B | +3.9% |
| Q2 2025 | $1.6B | +13% |
| Q1 2025 | $1.5B | +6.8% |
| Q4 2024 | $1.5B | -0.6% |
AXS's revenue has grown year over year for seven quarters in a row: $1.8B last quarter, up 6.9% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 14% | -7.8 points |
| Q2 2026 | 18% | +0.9 points |
| Q1 2026 | 19% | +3.2 points |
| Q4 2025 | 19% | +0.4 points |
| Q3 2025 | 22% | +7.9 points |
| Q2 2025 | 17% | -0.3 points |
| Q1 2025 | 16% | -3.5 points |
| Q4 2024 | 19% | +31 points |
AXS's operating margin was 14% last quarter, down 7.8 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 AXS 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 has the edge over AXS on profitability, with a higher operating margin.
AXS Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $877.5M | +30% |
| Q2 2026 | $631.5M | +$2.3B |
| Q1 2026 | $519.4M | +68% |
| Q4 2025 | $630.4M | +77% |
| Q3 2025 | $673.8M | +15% |
| Q2 2025 | -$1.7B | -419% |
| Q1 2025 | $309.1M | -20% |
| Q4 2024 | $355.5M | +16% |
AXS has the edge over BLK on cash flow, with more consistent year-over-year improvement.
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.
AXS Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.1% | -830K shares |
| 1 year | -6.7% | -5.2M shares |
| 3 years | -15% | -12.7M shares |
| 5 years | -14% | -12M shares |
| Available history | -13% | -11.1M shares |
AXS has the edge over BLK on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $109.5M |
| Q2 2026 | $89.3M |
| Q1 2026 | $59.5M |
| Q4 2025 | $287.8M |
| Q3 2025 | $110M |
| Q2 2025 | $50M |
| Q1 2025 | $440M |
| Q4 2024 | $60.1M |
AXS spent $546M buying back its own shares over the past year, down 17% from the year before.
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 |
AXS 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.
AXS Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 59.4 | Neutral |
| Stochastic | 68.1 | Neutral |
AXS's weekly RSI is 59 (neutral) and its Stochastic is 68 (neutral).
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).
AXS PE vs Financial Services Sector
| Metric | AXS | Sector median | Relative |
|---|---|---|---|
| PE | 8.3x | 13x | 36% below |
| PE % | 21 | 63 | 42 pts below |
AXS 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.
AXS Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $100.9 | 7.3% above |
| 20 week MA | $103.6 | 4.5% above |
| 50 week MA | $102.6 | 5.5% above |
| 100 week MA | $99.3 | 9% above |
| 200 week MA | $81.5 | 33% above |
AXS is in an uptrend: it's above all five of its weekly moving averages, and 33% 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.
AXS Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $59.6 | $50.4 | -16% |
| 2021 | $50.4 | $52.1 | +3.4% |
| 2022 | $52.1 | $54.8 | +5.3% |
| 2023 | $54.8 | $55.4 | +1% |
| 2024 | $55.4 | $89.3 | +61% |
| 2025 | $89.3 | $109.0 | +22% |
| 2026 YTD | $109.0 | $108.2 | -0.7% |
AXS has finished higher in five of the last six years. It's down 0.7% 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 AXS on returns for 2026, with the stronger performance.