BLK
BlackRock, Inc.
BLK has slightly lower modeled downside risk, despite its lower overall score.
BOW
Bowhead Specialty Holdings Inc.
BOW 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.
BOW Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| N/A | |
| N/A |
BOW's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like BOW.
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.
BOW PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 15x | $34.03 | — |
| Cheap | 16x | $28.41 | -17% |
| Fair | 18x | $32.73 | -3.8% |
| Current | 19x | $34.03 | — |
| Expensive | 34x | $60.90 | +79% |
Historical ranges are pointers, not guarantees.
BOW has the edge over BLK in the historical PE scenario, which offers more potential upside but is not a forecast.
BLK Forward outlook
There aren't enough analyst estimates for BLK to show an outlook.
BOW Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Stable | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for BOW, with profitability 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.
BOW Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.30 | +29% |
| Q3 2026 | $1.78 | +14% |
| Q2 2026 | $1.85 | +26% |
| Q1 2026 | $1.73 | +32% |
| Q4 2025 | $1.59 | +34% |
| Q3 2025 | $1.56 | +68% |
| Q2 2025 | $1.47 | +73% |
| Q1 2025 | $1.31 | +52% |
| Q4 2024 | $1.19 | +49% |
BOW 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'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 has the edge over BOW on profitability, with a higher operating margin.
BOW Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $171.8M | +19% |
| Q2 2026 | $163.9M | +23% |
| Q1 2026 | $155.7M | +27% |
| Q4 2025 | $151.7M | +27% |
| Q3 2025 | $143.9M | +23% |
| Q2 2025 | $133.3M | +35% |
| Q1 2025 | $122.7M | +35% |
| Q4 2024 | $119.3M | +44% |
BOW has the edge over BLK on sales, with stronger typical year-over-year growth.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 9.3% | -4 points |
| Q2 2026 | 13% | +0.7 points |
| Q1 2026 | 13% | +1.4 points |
| Q4 2025 | 12% | -3.5 points |
| Q3 2025 | 13% | -0.3 points |
| Q2 2025 | 12% | +4.4 points |
| Q1 2025 | 12% | +1.8 points |
| Q4 2024 | 15% | +8.3 points |
BOW's operating margin was 9.3% last quarter, down 4 points from the same quarter a year ago.
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 BOW on cash flow, with more consistent year-over-year improvement.
BOW Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $191.3M | +69% |
| Q2 2026 | $92.5M | -14% |
| Q1 2026 | $64.2M | +38% |
| Q4 2025 | $58.6M | -3.7% |
| Q3 2025 | $113.5M | -4.2% |
| Q1 2025 | $46.5M | +13% |
| Q4 2024 | $60.9M | +0.8% |
| Q3 2024 | $118.4M | +36% |
BOW's free cash flow was $407M over the past year, up 24% from the year before. Free cash flow isn't a meaningful measure for financial services companies like BOW.
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 the edge over BOW on shareholder dilution, with a more favorable share count trend.
| 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 |
BOW Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +2.1% | +699K shares |
| 1 year | +1.8% | +606K shares |
| 3 years | +8.6% | +2.7M shares |
BOW has 34M diluted shares, up 1.8% from a year ago.
| Quarter | Spent |
|---|---|
| Q1 2024 | — |
| Q4 2023 | — |
| Q3 2023 | — |
| Q2 2023 | — |
| Q1 2023 | — |
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.
BOW Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -1.1x | Net Cash |
| Q2 2026 | 0.1x | Very low |
| Q1 2026 | 0.7x | Very low |
| Q4 2025 | -0.7x | Net Cash |
| Q3 2025 | -2.8x | Net Cash |
| Q2 2025 | -1.7x | Net Cash |
| Q1 2024 | -2.0x | Net Cash |
| Q4 2023 | -3.4x | Net Cash |
BOW has the edge over BLK on leverage, with a lower net debt burden relative to earnings.
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).
BOW Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 69.2 | Neutral |
| Stochastic | 56.5 | Neutral |
BOW's weekly RSI is 69 (neutral) and its Stochastic is 57 (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.
BOW PE vs Financial Services Sector
| Metric | BOW | Sector median | Relative |
|---|---|---|---|
| PE | 19x | 13x | 47% above |
| PE % | 55 | 27 | 28 pts above |
BOW 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 |
BOW has stronger trend alignment. BLK is above 5 of 5 weekly averages versus BOW above 4 of 4.
BOW Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $34.0 | 0.1% above |
| 20 week MA | $33.1 | 2.7% above |
| 50 week MA | $28.5 | 19% above |
| 100 week MA | $30.8 | 11% above |
BOW is in an uptrend: it's above all four of its weekly moving averages, and 11% above its 100-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 finished higher in five of the last six years. It's up 12% so far in 2026.
BOW Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2024 | $25.7 | $34.5 | +34% |
| 2025 | $34.5 | $28.5 | -17% |
| 2026 YTD | $28.5 | $34.0 | +19% |
BOW has the edge over BLK on returns for 2026, with the stronger performance.