BLK
BlackRock, Inc.
BLK has a slight edge over BSBR overall, supported by lower modeled downside.
BSBR
Banco Santander (Brasil) S.A.
BSBR offers stronger valuation, but that advantage does not outweigh its weaker overall profile.
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.
BSBR Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| N/A | |
| N/A |
BSBR's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like BSBR.
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.
BSBR PE Valuation
BSBR has no meaningful PE right now: it lost money over the past year.
BLK Forward outlook
There aren't enough analyst estimates for BLK to show an outlook.
BSBR Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Stable | |
| Stable | |
| Weakening | |
| Limited | |
| Low |
Analysts expect BSBR's profitability to weaken, with its earnings and revenue holding steady. However, they disagree widely on these estimates.
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% |
BSBR has the stronger earnings trend. Trailing diluted EPS is up 11% for BLK versus BSBR up 70%.
BSBR Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2025 | $0.51 | +70% |
| Q2 2025 | $0.12 | -56% |
| Q1 2025 | $0.16 | -30% |
| Q4 2024 | $0.16 | -30% |
| Q3 2024 | $0.30 | +20% |
| Q2 2024 | $0.27 | +3.8% |
| Q1 2024 | $0.23 | -28% |
| Q4 2023 | $0.23 | -32% |
BSBR earned $0.51 per share over the past year, up 70% from the year before.
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 BSBR on sales, with stronger typical year-over-year growth.
| 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 BSBR on profitability, with a higher operating margin.
BSBR Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $7B | +13% |
| Q1 2026 | $6.9B | +6.7% |
| Q4 2025 | $7.6B | +20% |
| Q3 2025 | $42.9B | +611% |
| Q2 2025 | $6.2B | +18% |
| Q1 2025 | $6.4B | +17% |
| Q4 2024 | $6.3B | +11% |
| Q3 2024 | $6B | +9.4% |
BSBR's revenue has grown year over year for eight quarters in a row: $7B last quarter, up 13% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 8.7% | -2.1 points |
| Q1 2026 | 12% | +6.5 points |
| Q4 2025 | 12% | -1 points |
| Q3 2025 | 11% | -5.2 points |
| Q2 2025 | 5.7% | -12 points |
| Q1 2025 | 13% | -1.5 points |
| Q4 2024 | 12% | +3.4 points |
| Q3 2024 | 16% | +4.6 points |
BSBR's operating margin was 8.7% last quarter, up 3 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 BSBR on cash flow, with more consistent year-over-year improvement.
BSBR Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $2.9B | +$5B |
| Q1 2026 | $7B | +21% |
| Q4 2025 | -$3.8B | +$3.9B |
| Q3 2025 | $444.5M | -91% |
| Q2 2025 | -$2.1B | -190% |
| Q1 2025 | $5.8B | +$9.7B |
| Q4 2024 | -$7.7B | -$5.3B |
| Q3 2024 | $5B | -53% |
BSBR's free cash flow was $6.5B over the past year, about seven times what it generated the year before. Free cash flow isn't a meaningful measure for financial services companies like BSBR.
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 BSBR 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 |
BSBR Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -2.2M shares |
| 1 year | +0.2% | +16.6M shares |
| 3 years | +0.6% | +43.1M shares |
| 5 years | 0% | -2.8M shares |
| Available history | 0% | -2.8M shares |
BSBR has 7.5B diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
BSBR hasn't bought back shares in the past year.
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.
BSBR Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2025 | 24.0x | High |
| Q2 2025 | -2.2x | Net Cash |
| Q1 2025 | -3.6x | Net Cash |
| Q4 2024 | -3.2x | Net Cash |
| Q3 2024 | 1.4x | Healthy |
| Q2 2024 | 3.1x | Elevated |
| Q1 2024 | 4.1x | High |
| Q4 2023 | -4.0x | Net Cash |
BSBR's net debt is more than 20 years of its operating earnings (EBITDA), up from 1.4 years a year ago. Net leverage isn't a meaningful measure for financial services companies like BSBR.
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).
BSBR Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 43.0 | Neutral |
| Stochastic | 18.6 | Oversold |
BSBR's weekly RSI is 43 (neutral) and its Stochastic is 19 (oversold).
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.
BSBR PE vs Financial Services Sector
BSBR has no meaningful PE right now: it lost money over the past year.
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 BSBR on trend strength, trading above more of its moving averages.
BSBR Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $5.27 | 4.7% below |
| 20 week MA | $5.49 | 8.6% below |
| 50 week MA | $5.79 | 13% below |
| 100 week MA | $5.40 | 7% below |
| 200 week MA | $5.46 | 8.1% below |
BSBR is in a downtrend: it's below all five of its weekly moving averages, and 8.1% below 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 BSBR on returns for 2026, with the stronger performance.
BSBR Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $11.4 | $8.29 | -27% |
| 2021 | $8.29 | $5.36 | -35% |
| 2022 | $5.36 | $5.47 | +2.1% |
| 2023 | $5.47 | $6.55 | +20% |
| 2024 | $6.55 | $3.87 | -41% |
| 2025 | $3.87 | $6.16 | +59% |
| 2026 YTD | $6.16 | $5.02 | -19% |
BSBR has finished lower in three of the last six years. It's down 19% so far in 2026.