BLK
BlackRock, Inc.
BLK trails on the overall score without a compensating advantage in the available component scores.
BOKF
BOK Financial Corporation
BOKF has the edge over BLK overall, supported by stronger valuation and stronger modeled upside.
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.
BOKF Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| N/A | |
| N/A |
BOKF'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 BOKF.
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 BOKF in the historical PE scenario, which offers more potential upside but is not a forecast.
BOKF PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 9.5x | $105 | -19% |
| Fair | 12x | $132 | +1.2% |
| Current | 12x | $130 | — |
| Forward | 12x | $130 | — |
| Expensive | 14x | $154 | +18% |
Historical ranges are pointers, not guarantees.
BOKF's PE is in its fair range at 11.8x. On analysts' estimates for next year's earnings, today's price would be 12.3x.
BLK Forward outlook
There aren't enough analyst estimates for BLK to show an outlook.
BOKF Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Growth | |
| Stable | |
| Improving | |
| Limited | |
| High |
Analysts expect BOKF's earnings to grow and its profitability to improve, with its revenue holding steady.
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.
BOKF Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $10.54 | -4.5% |
| Q3 2026 | $11.04 | +31% |
| Q2 2026 | $10.62 | +27% |
| Q1 2026 | $9.89 | +14% |
| Q4 2025 | $9.17 | +13% |
| Q3 2025 | $8.40 | +15% |
| Q2 2025 | $8.36 | +17% |
| Q1 2025 | $8.71 | +27% |
| Q4 2024 | $8.14 | +1.5% |
BOKF has the edge over BLK on earnings, with more consistent year-over-year improvement.
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 BOKF 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.
BOKF Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $561.4M | +2.4% |
| Q2 2026 | $589.4M | +10% |
| Q1 2026 | $553.8M | +10% |
| Q4 2025 | $589.6M | +13% |
| Q3 2025 | $548.4M | +6.2% |
| Q2 2025 | $535.3M | -3.7% |
| Q1 2025 | $502.3M | +10% |
| Q4 2024 | $523.1M | +4.3% |
BOKF's revenue has grown year over year for five quarters in a row: $561M last quarter, up 2.4% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 36% | +3.6 points |
| Q2 2026 | 39% | +4.9 points |
| Q1 2026 | 36% | +5.2 points |
| Q4 2025 | 39% | +5.2 points |
| Q3 2025 | 32% | -1.4 points |
| Q2 2025 | 34% | -4.2 points |
| Q1 2025 | 31% | +7.3 points |
| Q4 2024 | 34% | +11 points |
BOKF has the edge over BLK on profitability, with a higher operating margin.
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 BOKF on cash flow, with more consistent year-over-year improvement.
BOKF Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $225.3M | -73% |
| Q2 2026 | $1.1B | +1668% |
| Q1 2026 | -$284.4M | -$256.4M |
| Q4 2025 | -$296.2M | -160% |
| Q3 2025 | $838.5M | +300% |
| Q2 2025 | $60.8M | -85% |
| Q1 2025 | -$28M | -120% |
| Q4 2024 | $493.9M | +$992.6M |
BOKF's free cash flow was $720M over the past year, down 47% from the year before. Free cash flow isn't a meaningful measure for financial services companies like BOKF.
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 |
BOKF Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | +20.9K shares |
| 1 year | -4.4% | -2.7M shares |
| 3 years | -8.3% | -5.4M shares |
| 5 years | -12% | -8.3M shares |
| Available history | -15% | -10.7M shares |
BOKF has the edge over BLK on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | $8.2M |
| Q1 2026 | — |
| Q4 2025 | $308.4M |
| Q3 2025 | $41M |
| Q2 2025 | $62.8M |
| Q1 2025 | $994,000 |
| Q4 2024 | $77,000 |
BOKF spent $317M buying back its own shares over the past year, about three times what it spent the year before.
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 the edge over BOKF on leverage, with a lower net debt burden relative to earnings.
BOKF Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 3.4x | Elevated |
| Q2 2026 | 2.6x | Moderate |
| Q1 2026 | 5.9x | High |
| Q4 2025 | 4.3x | High |
| Q3 2025 | 3.0x | Moderate |
| Q2 2025 | 3.9x | Elevated |
| Q1 2025 | 2.8x | Moderate |
| Q4 2024 | 4.4x | High |
BOKF's net debt is about 3.4 years of its operating earnings (EBITDA), up from 3.0 years a year ago. Net leverage isn't a meaningful measure for financial services companies like BOKF.
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).
BOKF Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 47.0 | Neutral |
| Stochastic | 31.6 | Neutral |
BOKF's weekly RSI is 47 (neutral) and its Stochastic is 32 (neutral).
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.
BOKF PE vs Financial Services Sector
| Metric | BOKF | Sector median | Relative |
|---|---|---|---|
| PE | 12x | 13x | 9.4% below |
| PE % | 47 | 63 | 16 pts below |
BOKF has the edge over BLK on valuation relative to its sector.
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 BOKF on trend strength, trading above more of its moving averages.
BOKF Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $128.6 | 1.2% above |
| 20 week MA | $135.2 | 3.8% below |
| 50 week MA | $131.2 | 0.8% below |
| 100 week MA | $117.6 | 11% above |
| 200 week MA | $104.1 | 25% above |
BOKF's trend is mixed: it's above three of its five weekly moving averages, and 25% above its 200-week average.
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 BOKF on returns for 2026, with the stronger performance.
BOKF Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $87.0 | $68.7 | -21% |
| 2021 | $68.7 | $103.8 | +51% |
| 2022 | $103.8 | $102.9 | -0.9% |
| 2023 | $102.9 | $85.7 | -17% |
| 2024 | $85.7 | $108.2 | +26% |
| 2025 | $108.2 | $121.9 | +13% |
| 2026 YTD | $121.9 | $130.2 | +6.8% |
BOKF has finished lower in three of the last six years. It's up 6.8% so far in 2026.