BLK
BlackRock, Inc.
BLK offers stronger fundamentals, but that advantage does not outweigh its weaker overall profile.
CBU
Community Bank System, Inc.
CBU 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.
CBU Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| N/A | |
| N/A |
CBU's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like CBU.
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.
CBU PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 13x | $64.49 | — |
| Cheap | 15x | $67.52 | +4.7% |
| Current | 15x | $64.49 | — |
| Fair | 19x | $82.32 | +28% |
| Expensive | 21x | $93.38 | +45% |
Historical ranges are pointers, not guarantees.
CBU 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.
CBU Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Stable | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for CBU, 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.
CBU Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $4.98 | +12% |
| Q3 2026 | $4.43 | +14% |
| Q2 2026 | $4.31 | +17% |
| Q1 2026 | $4.12 | +14% |
| Q4 2025 | $3.97 | +15% |
| Q3 2025 | $3.88 | +24% |
| Q2 2025 | $3.67 | +18% |
| Q1 2025 | $3.61 | +16% |
| Q4 2024 | $3.44 | +40% |
CBU 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 CBU 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.
CBU Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $231.6M | +11% |
| Q2 2026 | $219.8M | +9.6% |
| Q1 2026 | $215.2M | +9.1% |
| Q4 2025 | $217M | +11% |
| Q3 2025 | $208.1M | +10% |
| Q2 2025 | $200.5M | +9.1% |
| Q1 2025 | $197.3M | +11% |
| Q4 2024 | $196.3M | +11% |
CBU's revenue has grown year over year for 12 quarters in a row: $232M last quarter, up 11% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 35% | -0.3 points |
| Q2 2026 | 37% | +3.8 points |
| Q1 2026 | 35% | +2.1 points |
| Q4 2025 | 33% | +0.3 points |
| Q3 2025 | 35% | +5 points |
| Q2 2025 | 33% | -0.8 points |
| Q1 2025 | 33% | +2.6 points |
| Q4 2024 | 33% | +8.1 points |
CBU 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.
CBU Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $106.4M | +28% |
| Q2 2026 | $41.4M | +14% |
| Q1 2026 | $60.3M | +16% |
| Q4 2025 | $61.6M | +5.2% |
| Q3 2025 | $83.4M | +61% |
| Q2 2025 | $36.4M | +7.7% |
| Q1 2025 | $52M | -33% |
| Q4 2024 | $58.5M | +46% |
CBU has the edge over BLK on cash flow, with more consistent year-over-year improvement.
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 CBU 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 |
CBU Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | +17K shares |
| 1 year | 0% | -4K shares |
| 3 years | -1.5% | -806K shares |
| 5 years | -3% | -1.6M shares |
| Available history | +1.1% | +552K shares |
CBU has 53M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | $15.8M |
| Q2 2026 | $564,000 |
| Q1 2026 | $15.5M |
| Q4 2025 | $44,000 |
| Q3 2025 | $11M |
| Q2 2025 | $42,000 |
| Q1 2025 | $48,000 |
| Q4 2024 | $47,000 |
CBU spent $32M buying back its own shares over the past year, up 186% from 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 more cash than debt. Net leverage isn't a meaningful measure for financial services companies like BLK.
CBU Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -1.2x | Net Cash |
| Q2 2026 | -0.8x | Net Cash |
| Q1 2026 | -1.8x | Net Cash |
| Q4 2025 | -1.0x | Net Cash |
| Q3 2025 | -0.8x | Net Cash |
| Q2 2025 | -0.9x | Net Cash |
| Q1 2025 | -1.9x | Net Cash |
| Q4 2024 | 3.0x | Elevated |
CBU 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).
CBU Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 54.5 | Neutral |
| Stochastic | 65.5 | Neutral |
CBU's weekly RSI is 55 (neutral) and its Stochastic is 66 (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.
CBU PE vs Financial Services Sector
| Metric | CBU | Sector median | Relative |
|---|---|---|---|
| PE | 15x | 13x | 12% above |
| PE % | 7 | 63 | 56 pts below |
CBU 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.
CBU Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $61.9 | 4.2% above |
| 20 week MA | $63.8 | 1.1% above |
| 50 week MA | $62.6 | 3% above |
| 100 week MA | $60.4 | 6.8% above |
| 200 week MA | $55.9 | 15% above |
CBU is in an uptrend: it's above all five of its weekly moving averages, and 15% 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 CBU on returns for 2026, with the stronger performance.
CBU Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $70.6 | $62.6 | -11% |
| 2021 | $62.6 | $74.2 | +18% |
| 2022 | $74.2 | $62.3 | -16% |
| 2023 | $62.3 | $52.1 | -16% |
| 2024 | $52.1 | $62.3 | +20% |
| 2025 | $62.3 | $59.0 | -5.2% |
| 2026 YTD | $59.0 | $64.5 | +9.2% |
CBU has finished lower in four of the last six years. It's up 9.2% so far in 2026.