BLK
BlackRock, Inc.
BLK has the edge over CSWC overall, supported by stronger fundamentals and stronger valuation.
CSWC
Capital Southwest Corporation
CSWC has lower modeled downside risk, despite its lower overall score.
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.
CSWC Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| N/A | |
| N/A |
CSWC's profitability is currently healthy, and its revenue is stable. Free cash flow and net leverage aren't meaningful measures for financial services companies like CSWC.
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.
CSWC PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 9x | $15.26 | -35% |
| Forward | 9.8x | $23.50 | — |
| Fair | 11x | $18.28 | -22% |
| Current | 14x | $23.50 | — |
| Expensive | 15x | $25.07 | +6.7% |
Historical ranges are pointers, not guarantees.
CSWC 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.
CSWC Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Stable | |
| Strong growth | |
| Strongly weakening | |
| Limited | |
| High |
Analysts expect CSWC's revenue to grow, but its profitability to weaken.
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 CSWC on earnings, with more consistent year-over-year improvement.
CSWC Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.39 | +41% |
| Q3 2026 | $1.70 | +5.6% |
| Q2 2026 | $1.81 | -1.1% |
| Q1 2026 | $1.90 | -4% |
| Q4 2025 | $1.81 | -21% |
| Q3 2025 | $1.61 | -39% |
| Q2 2025 | $1.83 | -32% |
| Q1 2025 | $1.98 | -27% |
| Q4 2024 | $2.30 | -14% |
CSWC's earnings per share have fallen from their peak: $1.70 over the past year, against $2.94 in mid-2021.
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 44% for CSWC.
| 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.
CSWC Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2022 | $13.9M | -44% |
| Q1 2022 | $30M | +49% |
| Q4 2021 | $23.7M | -12% |
| Q3 2021 | $24.1M | -6.4% |
| Q2 2021 | $25.1M | +42% |
| Q4 2020 | $26.9M | +374% |
CSWC's revenue is shrinking: $14M last quarter, down 44% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2022 | 29% | -35 points |
| Q1 2022 | 70% | +13 points |
| Q4 2021 | 56% | -9.4 points |
| Q3 2021 | -13% | -79 points |
| Q2 2021 | 64% | +8.6 points |
| Q1 2021 | 56% | N/A |
| Q4 2020 | 65% | +108 points |
| Q3 2020 | 66% | N/A |
CSWC's operating margin was 29% last quarter, down 35 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 CSWC on cash generation, producing positive trailing cash flow while its opponent burns cash.
CSWC Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$193.1M | -$121.8M |
| Q2 2026 | -$80.9M | -366% |
| Q1 2026 | -$59.2M | -$64K |
| Q4 2025 | -$93.6M | +$72.9M |
| Q3 2025 | -$71.3M | -$47M |
| Q2 2025 | $30.4M | -2.4% |
| Q1 2025 | -$59.1M | +$43M |
| Q4 2024 | -$166.6M | -1025% |
CSWC's free cash flow was −$427M over the past year, against −$267M the year before. Free cash flow isn't a meaningful measure for financial services companies like CSWC.
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 CSWC 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 |
CSWC Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +3.6% | +2.5M shares |
| 1 year | +13% | +8.2M shares |
| 3 years | +84% | +33.3M shares |
| 5 years | +224% | +50.5M shares |
| Available history | +304% | +54.9M shares |
CSWC has 73M diluted shares, up 13% from a year ago.
| Quarter | Spent |
|---|---|
| Q2 2022 | — |
| Q1 2022 | — |
| Q4 2021 | — |
| Q3 2021 | — |
| Q2 2021 | — |
| Q1 2021 | — |
| Q4 2020 | $236,000 |
| Q3 2020 | — |
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.
CSWC Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2022 | 15.0x | High |
| Q1 2022 | 10.5x | High |
| Q4 2021 | 12.3x | High |
| Q3 2021 | 10.1x | High |
| Q2 2021 | 6.8x | High |
| Q1 2021 | 6.1x | High |
| Q4 2020 | 15.6x | High |
| Q3 2020 | 215.5x | High |
CSWC's net debt is about 15 years of its operating earnings (EBITDA), up from 6.8 years a year ago. Net leverage isn't a meaningful measure for financial services companies like CSWC.
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).
CSWC Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 50.1 | Neutral |
| Stochastic | 33.9 | Neutral |
CSWC's weekly RSI is 50 (neutral) and its Stochastic is 34 (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.
CSWC PE vs Financial Services Sector
| Metric | CSWC | Sector median | Relative |
|---|---|---|---|
| PE | 14x | 13x | 6.1% above |
| PE % | 76 | 63 | 13 pts above |
CSWC 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 has the edge over CSWC on trend strength, trading above more of its moving averages.
CSWC Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $23.2 | 1.3% above |
| 20 week MA | $23.9 | 1.5% below |
| 50 week MA | $23.2 | 1.2% above |
| 100 week MA | $22.5 | 4.5% above |
| 200 week MA | $22.5 | 4.3% above |
CSWC's trend is mixed: it's above four of its five weekly moving averages, and 4.3% 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 CSWC on returns for 2026, with the stronger performance.
CSWC Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $21.0 | $16.6 | -21% |
| 2021 | $16.6 | $25.3 | +53% |
| 2022 | $25.3 | $17.3 | -32% |
| 2023 | $17.3 | $23.7 | +37% |
| 2024 | $23.7 | $21.6 | -8.9% |
| 2025 | $21.6 | $21.9 | +1.6% |
| 2026 YTD | $21.9 | $23.5 | +7.2% |
CSWC has finished lower in three of the last six years. It's up 7.2% so far in 2026.