BLK
BlackRock, Inc.
BLK's fundamentals are mixed, but it looks expensive: trading at 28x earnings, above its usual 22x.
BTBT
Bit Digital, Inc.
There isn't enough reported data to score BTBT yet.
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.
BTBT Fundamentals
| Metric | Status |
|---|---|
| Under pressure | |
| Weak | |
| N/A | |
| N/A |
BTBT's revenue and profitability are currently under pressure. Free cash flow and net leverage aren't meaningful measures for financial services companies like BTBT.
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.
BTBT PE Valuation
BTBT 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.
BTBT Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect BTBT's losses to shrink, with revenue growing. 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% |
BLK has the edge over BTBT on earnings quality, reporting a profit while its opponent remains loss making.
BTBT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$1.21 | -388% |
| Q2 2026 | -$0.82 | -$0.51 |
| Q1 2026 | -$0.44 | +$0.03 |
| Q4 2025 | -$0.31 | -211% |
| Q3 2025 | $0.42 | +600% |
| Q2 2025 | -$0.31 | -229% |
| Q1 2025 | -$0.47 | -257% |
| Q4 2024 | $0.28 | +$0.44 |
BTBT has swung to a loss: it lost $1.21 per share over the past year, after a profit 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 BTBT 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.
BTBT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $27.1M | -11% |
| Q2 2026 | $32.1M | +25% |
| Q1 2026 | $27.9M | +11% |
| Q4 2025 | $32.3M | -60% |
| Q3 2025 | $30.5M | +34% |
| Q2 2025 | $25.7M | -11% |
| Q1 2025 | $25.1M | -17% |
| Q4 2024 | $81.8M | +410% |
BTBT's revenue has slid since its 2024 peak: $27M last quarter, down 11% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 240% | -226 points |
| Q2 2026 | -257% | -303 points |
| Q1 2026 | -512% | -303 points |
| Q4 2025 | -597% | -632 points |
| Q3 2025 | 465% | +627 points |
| Q2 2025 | 46% | +86 points |
| Q1 2025 | -209% | -364 points |
| Q4 2024 | 35% | +60 points |
BTBT 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 BTBT on cash generation, producing positive trailing cash flow while its opponent burns cash.
BTBT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$88.6M | +$168.2M |
| Q2 2026 | -$127.7M | -$63.2M |
| Q1 2026 | -$170.3M | -$122.7M |
| Q4 2025 | -$206M | -$126.5M |
| Q3 2025 | -$256.8M | -3139% |
| Q2 2025 | -$64.5M | -$49.9M |
| Q1 2025 | -$47.6M | -$26.2M |
| Q4 2024 | -$79.5M | -$45.5M |
BTBT's free cash flow was −$593M over the past year, against −$448M the year before. Free cash flow isn't a meaningful measure for financial services companies like BTBT.
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 BTBT 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 |
BTBT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +3.6% | +12.4M shares |
| 1 year | +74% | +154M shares |
| 3 years | +336% | +279M shares |
| 5 years | +629% | +313M shares |
| Available history | +2285% | +347M shares |
BTBT has 362M diluted shares, up 74% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2024 | — |
| Q3 2024 | — |
| Q2 2024 | — |
| 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.
BTBT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2025 | -1.0x | Net Cash |
| Q2 2025 | -9.9x | Net Cash |
| Q1 2025 | -8.1x | Net Cash |
| Q4 2024 | -1.4x | Net Cash |
| Q3 2024 | -20.3x | Net Cash |
| Q2 2024 | -6.3x | Net Cash |
| Q4 2021 | -1.6x | Net Cash |
| Q3 2021 | -0.8x | Net Cash |
BTBT has more cash than debt. Net leverage isn't a meaningful measure for financial services companies like BTBT.
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).
BTBT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 32.0 | Neutral |
| Stochastic | 3.4 | Oversold |
BTBT's weekly RSI is 32 (neutral) and its Stochastic is 3 (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.
BTBT PE vs Financial Services Sector
| Metric | BTBT | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 13x | — |
BTBT 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 BTBT on trend strength, trading above more of its moving averages.
BTBT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $1.10 | 30% below |
| 20 week MA | $1.35 | 43% below |
| 50 week MA | $1.64 | 53% below |
| 100 week MA | $2.23 | 65% below |
| 200 week MA | $2.51 | 69% below |
BTBT is in a downtrend: it's below all five of its weekly moving averages, and 69% 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 BTBT on returns for 2026, with the stronger performance.
BTBT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $0.40 | $5.79 | +1348% |
| 2021 | $5.79 | $7.23 | +25% |
| 2022 | $7.23 | $0.61 | -92% |
| 2023 | $0.61 | $4.23 | +593% |
| 2024 | $4.23 | $3.18 | -25% |
| 2025 | $3.18 | $2.05 | -36% |
| 2026 YTD | $2.05 | $0.77 | -62% |
BTBT's yearly returns have swung widely, from +1348% in 2020 to −92% in 2022. It's down 62% so far in 2026.