BBDC
Barings BDC, Inc.
BBDC has slightly lower modeled downside risk, despite its lower overall score.
BLK
BlackRock, Inc.
BLK has a slight edge over BBDC overall, supported by stronger fundamentals.
BBDC Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Healthy | |
| N/A | |
| N/A |
BBDC's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like BBDC.
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.
BBDC PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 7.3x | $7.69 | -11% |
| Fair | 7.9x | $8.34 | -3.1% |
| Current | 8.1x | $8.60 | — |
| Forward | 8.4x | $8.60 | — |
| Expensive | 20x | $20.87 | +143% |
Historical ranges are pointers, not guarantees.
BBDC's PE is in its fair range at 8.1x. On analysts' estimates for next year's earnings, today's price would be 8.4x, in its expensive range.
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 has the edge over BBDC in the historical PE scenario, which offers more potential upside but is not a forecast.
BBDC Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Stable | |
| Stable | |
| Weakening | |
| Limited | |
| High |
Analysts expect BBDC's profitability to weaken, with its earnings and revenue holding steady.
BLK Forward outlook
There aren't enough analyst estimates for BLK to show an outlook.
BBDC Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.02 | -3.8% |
| Q3 2026 | $1.06 | -6.2% |
| Q2 2026 | $1.12 | +1.8% |
| Q1 2026 | $1.12 | -8.2% |
| Q4 2025 | $1.12 | -10% |
| Q3 2025 | $1.13 | -12% |
| Q2 2025 | $1.10 | -15% |
| Q1 2025 | $1.22 | +0.8% |
| Q4 2024 | $1.25 | +5.9% |
BBDC's earnings per share have fallen from their peak: $1.06 over the past year, against $2.84 in early 2021.
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 BBDC on earnings, with more consistent year-over-year improvement.
BBDC Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2022 | $56.3M | +127% |
| Q2 2022 | $55.6M | +41% |
| Q1 2022 | $43.8M | +43% |
| Q4 2021 | $23.4M | -28% |
| Q3 2021 | $24.8M | +52% |
| Q2 2021 | $39.5M | +145% |
| Q1 2021 | $30.6M | +64% |
| Q4 2020 | $32.5M | +76% |
BBDC has the stronger quarterly revenue trend. Revenue is up 127% for BBDC versus up 19% for BLK.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2022 | 77% | +19 points |
| Q2 2022 | 81% | +6.6 points |
| Q1 2022 | 70% | -0.6 points |
| Q4 2021 | 49% | -21 points |
| Q3 2021 | 58% | -14 points |
| Q2 2021 | 74% | +5.1 points |
| Q1 2021 | 71% | -0.5 points |
| Q4 2020 | 70% | -4.1 points |
BBDC's operating margin was 77% last quarter, up 19 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's revenue has grown year over year for 13 quarters in a row: $7.8B last quarter, up 19% from the same quarter a year ago.
| 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.
BBDC Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$24.8M | -251% |
| Q2 2026 | $15.8M | +$68.5M |
| Q1 2026 | $68M | +$75.7M |
| Q4 2025 | $204.5M | +$249.7M |
| Q3 2025 | $16.5M | -32% |
| Q2 2025 | -$52.7M | -138% |
| Q1 2025 | -$7.8M | -258% |
| Q4 2024 | -$45.2M | -132% |
BBDC's free cash flow was $263M over the past year, against −$89M the year before. Free cash flow isn't a meaningful measure for financial services companies like BBDC.
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 has the edge over BBDC on cash flow, with more consistent year-over-year improvement.
BBDC Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -- |
| 1 year | -0.4% | -452K shares |
| 3 years | -1.7% | -1.8M shares |
| 5 years | +60% | +39.4M shares |
| Available history | +113% | +55.6M shares |
BBDC has 105M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | $4M |
| Q3 2025 | — |
| Q2 2025 | $888,000 |
| Q1 2025 | $1.5M |
| Q4 2024 | $1.5M |
BBDC spent $4M buying back its own shares over the past year, up 5.3% 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 |
BBDC Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2022 | 9.5x | High |
| Q2 2022 | 13.2x | High |
| Q1 2022 | 15.4x | High |
| Q4 2021 | 16.8x | High |
| Q3 2021 | 11.3x | High |
| Q2 2021 | 11.8x | High |
| Q1 2021 | 14.1x | High |
| Q4 2020 | 14.5x | High |
BBDC's net debt is about 9.4 years of its operating earnings (EBITDA), down from 11 years a year ago. Net leverage isn't a meaningful measure for financial services companies like BBDC.
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.
BBDC Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 48.0 | Neutral |
| Stochastic | 33.2 | Neutral |
BBDC's weekly RSI is 48 (neutral) and its Stochastic is 33 (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).
BBDC PE vs Financial Services Sector
| Metric | BBDC | Sector median | Relative |
|---|---|---|---|
| PE | 8.1x | 13x | 38% below |
| PE % | 60 | 63 | 3 pts below |
BBDC 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.
BBDC Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $8.56 | 0.5% above |
| 20 week MA | $8.72 | 1.4% below |
| 50 week MA | $8.71 | 1.3% below |
| 100 week MA | $9.01 | 4.6% below |
| 200 week MA | $9.01 | 4.6% below |
BBDC has bounced recently, but its long-term trend is still down: it's above its 8-week average, but 4.6% 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 BBDC on trend strength, trading above more of its moving averages.
BBDC Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $10.3 | $9.10 | -12% |
| 2021 | $9.10 | $11.0 | +21% |
| 2022 | $11.0 | $8.25 | -25% |
| 2023 | $8.25 | $8.58 | +4% |
| 2024 | $8.58 | $9.52 | +11% |
| 2025 | $9.52 | $8.97 | -5.8% |
| 2026 YTD | $8.97 | $8.60 | -4.1% |
BBDC has finished lower in three of the last six years. It's down 4.1% 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 BBDC on returns for 2026, with the stronger performance.