BFH
Bread Financial Holdings, Inc.
BFH has the edge over BLK overall, supported by stronger modeled upside and stronger valuation.
BLK
BlackRock, Inc.
BLK has slightly lower modeled downside risk, despite its lower overall score.
BFH Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| N/A | |
| N/A |
BFH's profitability is currently strong, and its revenue is stable. Free cash flow and net leverage aren't meaningful measures for financial services companies like BFH.
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.
BFH PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 3.5x | $44.57 | -54% |
| Fair | 7x | $89.13 | -9% |
| Forward | 7.2x | $97.91 | — |
| Current | 7.7x | $97.91 | — |
| Expensive | 12x | $150 | +54% |
Historical ranges are pointers, not guarantees.
BFH's PE is in its fair range at 7.7x. If earnings grow as analysts expect, today's price would be 7.2x next year's earnings.
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 BFH in the historical PE scenario, which offers more potential upside but is not a forecast.
BFH Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Strong growth | |
| Stable | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect BFH's earnings to grow and its profitability to improve, with its revenue holding steady. However, they disagree widely on these estimates.
BLK Forward outlook
There aren't enough analyst estimates for BLK to show an outlook.
BFH Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $13.54 | +6.4% |
| Q3 2026 | $12.73 | +30% |
| Q2 2026 | $12.87 | +120% |
| Q1 2026 | $12.26 | +120% |
| Q4 2025 | $10.89 | +98% |
| Q3 2025 | $9.76 | +55% |
| Q2 2025 | $5.85 | -40% |
| Q1 2025 | $5.57 | -30% |
| Q4 2024 | $5.49 | -62% |
BFH 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.
BFH Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1B | +4.7% |
| Q2 2026 | $993M | +6.9% |
| Q1 2026 | $1B | +4.9% |
| Q4 2025 | $975M | +5.4% |
| Q3 2025 | $971M | -1.2% |
| Q2 2025 | $929M | -1.1% |
| Q1 2025 | $970M | -2.1% |
| Q4 2024 | $925M | -9% |
BFH's revenue has grown year over year for four quarters in a row: $1B last quarter, up 4.7% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 21% | +0.4 points |
| Q2 2026 | 20% | +1.1 points |
| Q1 2026 | 24% | +3.6 points |
| Q4 2025 | 4.8% | +7.7 points |
| Q3 2025 | 20% | +16 points |
| Q2 2025 | 19% | -0.4 points |
| Q1 2025 | 20% | +1.3 points |
| Q4 2024 | -2.9% | -4.7 points |
BFH's operating margin was 21% last quarter, about level with 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 BFH 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 BFH on profitability, with a higher operating margin.
BFH Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $601M | -0.7% |
| Q2 2026 | $533M | +1.3% |
| Q1 2026 | $487M | +24% |
| Q4 2025 | $568M | +19% |
| Q3 2025 | $605M | +33% |
| Q2 2025 | $526M | +10% |
| Q1 2025 | $393M | -12% |
| Q4 2024 | $479M | -22% |
BFH's free cash flow was $2.2B over the past year, up 9.3% from the year before. Free cash flow isn't a meaningful measure for financial services companies like BFH.
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.
BFH Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -3.4% | -1.4M shares |
| 1 year | -17% | -8.2M shares |
| 3 years | -22% | -10.8M shares |
| 5 years | -21% | -10.7M shares |
| Available history | -23% | -11.6M shares |
BFH has the edge over BLK on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $76M |
| Q2 2026 | $243M |
| Q1 2026 | $153M |
| Q4 2025 | $123M |
| Q3 2025 | $40M |
| Q2 2025 | $47M |
| Q1 2025 | $103M |
| Q4 2024 | $44M |
BFH spent $595M buying back its own shares over the past year, up 154% 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 |
BFH Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -5.1x | Net Cash |
| Q2 2026 | -4.9x | Net Cash |
| Q1 2026 | -4.9x | Net Cash |
| Q4 2025 | 1.0x | Healthy |
| Q3 2025 | 0.0x | Very low |
| Q2 2025 | 0.9x | Very low |
| Q1 2025 | 1.9x | Healthy |
| Q4 2024 | 4.0x | Elevated |
BFH has the edge over BLK on leverage, with a lower net debt burden relative to earnings.
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.
BFH Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 49.1 | Neutral |
| Stochastic | 34.1 | Neutral |
BFH's weekly RSI is 49 (neutral) and its Stochastic is 34 (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).
BFH PE vs Financial Services Sector
| Metric | BFH | Sector median | Relative |
|---|---|---|---|
| PE | 7.7x | 13x | 41% below |
| PE % | 55 | 63 | 8 pts below |
BFH 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.
BFH Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $100.9 | 3% below |
| 20 week MA | $103.8 | 5.7% below |
| 50 week MA | $90.1 | 8.7% above |
| 100 week MA | $73.8 | 33% above |
| 200 week MA | $56.4 | 74% above |
BFH has pulled back, but its long-term trend is still up: it's below its 8- and 20-week averages, but 74% 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 has the edge over BFH on trend strength, trading above more of its moving averages.
BFH Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $88.5 | $57.4 | -35% |
| 2021 | $57.4 | $69.1 | +20% |
| 2022 | $69.1 | $37.3 | -46% |
| 2023 | $37.3 | $32.9 | -12% |
| 2024 | $32.9 | $61.9 | +88% |
| 2025 | $61.9 | $76.6 | +24% |
| 2026 YTD | $76.6 | $97.9 | +28% |
BFH 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.