BLK
BlackRock, Inc.
BLK trails on the overall score without a compensating advantage in the available component scores.
BY
Byline Bancorp, Inc.
BY 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.
BY Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| N/A | |
| N/A |
BY'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 BY.
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.
BY PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 8.5x | $29.37 | -25% |
| Fair | 11x | $36.15 | -7.5% |
| Current | 11x | $39.07 | — |
| Forward | 11x | $39.07 | — |
| Expensive | 12x | $42.67 | +9.2% |
Historical ranges are pointers, not guarantees.
BY 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.
BY Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for BY, with profitability improving.
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.
BY Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $3.48 | +1.2% |
| Q3 2026 | $3.44 | +23% |
| Q2 2026 | $3.32 | +24% |
| Q1 2026 | $3.08 | +14% |
| Q4 2025 | $2.89 | +5.1% |
| Q3 2025 | $2.80 | +1.8% |
| Q2 2025 | $2.67 | -1.5% |
| Q1 2025 | $2.69 | -1.5% |
| Q4 2024 | $2.75 | +3% |
BY 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 BY 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's operating margin was 30% last quarter, about level with the same quarter a year ago, near the bottom of its range since 2019.
BY Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $121M | +4.6% |
| Q2 2026 | $117.7M | +6.6% |
| Q1 2026 | $112.4M | +9% |
| Q4 2025 | $117M | +12% |
| Q3 2025 | $115.7M | +14% |
| Q2 2025 | $110.5M | +11% |
| Q1 2025 | $103.1M | +2% |
| Q4 2024 | $104.7M | +3.9% |
BY's revenue has grown year over year for eight quarters in a row: $121M last quarter, up 4.6% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 45% | +1.9 points |
| Q2 2026 | 46% | +11 points |
| Q1 2026 | 44% | +7.8 points |
| Q4 2025 | 40% | +1.5 points |
| Q3 2025 | 43% | +3.8 points |
| Q2 2025 | 35% | -5.1 points |
| Q1 2025 | 36% | -3.8 points |
| Q4 2024 | 39% | -1.1 points |
BY 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'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.
BY Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $61.7M | +63% |
| Q2 2026 | $13.2M | -13% |
| Q1 2026 | $54.1M | +116% |
| Q4 2025 | $58.1M | +14% |
| Q3 2025 | $38M | +98% |
| Q2 2025 | $15.2M | -61% |
| Q1 2025 | $25M | -59% |
| Q4 2024 | $50.8M | +$56.8M |
BY's free cash flow was $187M over the past year, up 45% from the year before. Free cash flow isn't a meaningful measure for financial services companies like BY.
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 |
BY Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.6% | -247K shares |
| 1 year | -1.8% | -831K shares |
| 3 years | +2.5% | +1.1M shares |
| 5 years | +17% | +6.5M shares |
| Available history | +17% | +6.6M shares |
BY has the edge over BLK on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $20.2M |
| Q2 2026 | $9.1M |
| Q1 2026 | $9.8M |
| Q4 2025 | $9.8M |
| Q3 2025 | $193,000 |
| Q2 2025 | $13.1M |
| Q1 2025 | $687,000 |
| Q4 2023 | — |
BY spent $49M buying back its own shares over 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 the edge over BY on leverage, with a lower net debt burden relative to earnings.
BY Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 1.6x | Healthy |
| Q2 2026 | 3.5x | Elevated |
| Q1 2026 | 4.2x | High |
| Q4 2025 | 3.9x | Elevated |
| Q3 2025 | 3.3x | Elevated |
| Q2 2025 | 4.0x | High |
| Q1 2025 | 4.8x | High |
| Q4 2024 | 4.3x | High |
BY's net debt is about 1.6 years of its operating earnings (EBITDA), down from 3.3 years a year ago. Net leverage isn't a meaningful measure for financial services companies like BY.
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).
BY Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 62.6 | Neutral |
| Stochastic | 64.4 | Neutral |
BY's weekly RSI is 63 (neutral) and its Stochastic is 64 (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.
BY PE vs Financial Services Sector
| Metric | BY | Sector median | Relative |
|---|---|---|---|
| PE | 11x | 13x | 13% below |
| PE % | 67 | 63 | 4 pts above |
BY 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 is in an uptrend: it's above all five of its weekly moving averages, and 33% above its 200-week average.
BY Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $37.9 | 3.2% above |
| 20 week MA | $38.2 | 2.4% above |
| 50 week MA | $34.5 | 13% above |
| 100 week MA | $30.9 | 26% above |
| 200 week MA | $26.8 | 46% above |
BY is in an uptrend: it's above all five of its weekly moving averages, and 46% 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 finished higher in five of the last six years. It's up 12% so far in 2026.
BY Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $19.3 | $15.4 | -20% |
| 2021 | $15.4 | $26.9 | +74% |
| 2022 | $26.9 | $22.9 | -15% |
| 2023 | $22.9 | $23.6 | +2.8% |
| 2024 | $23.6 | $29.0 | +23% |
| 2025 | $29.0 | $29.7 | +2.6% |
| 2026 YTD | $29.7 | $39.1 | +32% |
BY has the edge over BLK on returns for 2026, with the stronger performance.