BLK
BlackRock, Inc.
BLK's fundamentals are mixed, but it looks expensive: trading at 28x earnings, above its usual 22x.
CION
CION Investment Corporation
There isn't enough reported data to score CION 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.
CION Fundamentals
| Metric | Status |
|---|---|
| Weak | |
| Stable | |
| N/A | |
| N/A |
CION's profitability is currently stable, but its revenue is weak. Free cash flow and net leverage aren't meaningful measures for financial services companies like CION.
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.
CION PE Valuation
CION 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.
CION Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Stable | |
| Decline | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect CION's profitability to improve, but its revenue to decline.
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 CION on earnings quality, reporting a profit while its opponent remains loss making.
CION Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.18 | — |
| Q3 2026 | -$0.70 | -237% |
| Q2 2026 | $0.06 | +$0.25 |
| Q1 2026 | -$0.04 | +$0.25 |
| Q4 2025 | -$0.39 | -162% |
| Q3 2025 | $0.51 | -65% |
| Q2 2025 | -$0.19 | -108% |
| Q1 2025 | -$0.29 | -112% |
| Q4 2024 | $0.63 | -64% |
CION has swung to a loss: it lost $0.70 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 stronger quarterly revenue trend. Revenue is up 19% for BLK versus down 69% for CION.
| 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.
CION Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2022 | $12.1M | -69% |
| Q1 2022 | $19.3M | -68% |
| Q4 2021 | $27.4M | -52% |
| Q3 2021 | $36.7M | -9.9% |
| Q2 2021 | $39.1M | +28% |
| Q4 2020 | $56.9M | +32% |
CION's revenue has slid since its 2021 peak: $12M last quarter, down 69% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2022 | -10% | -82 points |
| Q1 2022 | 41% | -41 points |
| Q4 2021 | 60% | -24 points |
| Q3 2021 | 68% | -7.9 points |
| Q2 2021 | 72% | +17 points |
| Q1 2021 | 82% | N/A |
| Q4 2020 | 83% | +15 points |
| Q3 2020 | 76% | N/A |
CION's operating margin was −10% last quarter, down 82 points from the same quarter a year ago, near the bottom of its range since 2019.
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 CION on cash flow, with more consistent year-over-year improvement.
CION Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $306.8M | +591% |
| Q2 2026 | $21.6M | -50% |
| Q1 2026 | -$4.6M | -175% |
| Q4 2025 | -$17.1M | +$26.3M |
| Q3 2025 | $44.4M | -15% |
| Q2 2025 | $43.5M | +$60.2M |
| Q1 2025 | $6.1M | -94% |
| Q4 2024 | -$43.4M | +$11.2M |
CION's free cash flow was $307M over the past year, about six times what it generated the year before. Free cash flow isn't a meaningful measure for financial services companies like CION.
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 |
CION Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.9% | -458K shares |
| 1 year | -5.5% | -2.9M shares |
| 3 years | -9.8% | -5.4M shares |
| 5 years | -13% | -7.5M shares |
| Available history | -14% | -7.9M shares |
CION has the edge over BLK on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | $8M |
| Q1 2026 | $9.7M |
| Q4 2025 | $5.2M |
| Q3 2025 | $3.3M |
| Q2 2025 | $6.6M |
| Q1 2025 | $2.2M |
| Q4 2024 | $2M |
CION spent $23M buying back its own shares over the past year, up 64% 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.
CION Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2022 | 13.0x | High |
| Q1 2022 | 11.0x | High |
| Q4 2021 | 6.9x | High |
| Q3 2021 | 5.3x | High |
| Q2 2021 | 5.1x | High |
| Q1 2021 | 4.9x | High |
| Q4 2019 | 15.2x | High |
CION's net debt is about 13 years of its operating earnings (EBITDA), up from 5.1 years a year ago. Net leverage isn't a meaningful measure for financial services companies like CION.
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).
CION Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 38.2 | Neutral |
| Stochastic | 26.9 | Neutral |
CION's weekly RSI is 38 (neutral) and its Stochastic is 27 (neutral).
BLK PE vs Financial Services Sector
| Metric | BLK | Sector median | Relative |
|---|---|---|---|
| PE | 28x | 13x | 113% above |
| PE % | 97 | 63 | 34 pts above |
BLK has the edge over CION on valuation relative to its sector.
CION PE vs Financial Services Sector
| Metric | CION | Sector median | Relative |
|---|---|---|---|
| PE | 113x | 13x | 767% above |
| PE % | 94 | 65 | 29 pts above |
CION 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 CION on trend strength, trading above more of its moving averages.
CION Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $6.70 | 8.4% below |
| 20 week MA | $6.79 | 9.6% below |
| 50 week MA | $7.50 | 18% below |
| 100 week MA | $8.91 | 31% below |
| 200 week MA | $9.99 | 39% below |
CION is in a downtrend: it's below all five of its weekly moving averages, and 39% 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 CION on returns for 2026, with the stronger performance.
CION Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $12.0 | $12.9 | +7.9% |
| 2022 | $12.9 | $10.3 | -20% |
| 2023 | $10.3 | $11.3 | +9.9% |
| 2024 | $11.3 | $11.4 | +0.7% |
| 2025 | $11.4 | $9.59 | -16% |
| 2026 YTD | $9.59 | $6.14 | -36% |
CION is down 36% so far in 2026, after finishing higher in three of the previous five years.