BLK
BlackRock, Inc.
BLK's fundamentals are mixed, but it looks expensive: trading at 28x earnings, above its usual 22x.
DB
Deutsche Bank AG
There isn't enough reported data to score DB 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.
DB Fundamentals
| Metric | Status |
|---|---|
| Unavailable | |
| Strong | |
| N/A | |
| N/A |
DB's profitability is currently strong. There isn't enough data to rate its revenue. Free cash flow and net leverage aren't meaningful measures for financial services companies like DB.
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 has the edge over DB in the historical PE scenario, which offers more potential upside but is not a forecast.
DB PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 5.4x | $16.75 | -54% |
| Fair | 7.2x | $22.14 | -40% |
| Expensive | 11x | $34.17 | -6.8% |
| Current | 12x | $36.65 | — |
Historical ranges are pointers, not guarantees.
DB's PE is 12x, but its earnings don't support one, so it isn't a reliable read right now.
BLK Forward outlook
There aren't enough analyst estimates for BLK to show an outlook.
DB Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for DB, 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.
DB Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q4 2023 | $3.08 | +19% |
| Q2 2023 | $2.02 | +28% |
| Q4 2022 | $2.58 | +139% |
| Q4 2019 | -$3.01 | -$3.00 |
| Q4 2018 | -$0.01 | +$0.58 |
| Q4 2017 | -$0.59 | +$0.62 |
DB has the edge over BLK in the latest year-over-year earnings comparison.
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's revenue has grown year over year for 13 quarters in a row: $7.8B last quarter, up 19% from the same quarter a year ago.
| 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.
DB Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q4 2023 | $18.1B | +34% |
| Q2 2023 | $16.5B | -0.3% |
| Q4 2022 | $13.5B | +3.7% |
| Q2 2022 | $16.5B | +7.9% |
| Q4 2021 | $13B | +2.6% |
| Q2 2021 | $15.3B | +9.8% |
| Q4 2020 | $12.7B | -51% |
| Q2 2020 | $14B | 0% |
DB has the edge over BLK in the latest year-over-year revenue comparison.
| Quarter | Margin | YoY |
|---|---|---|
| Q4 2023 | 30% | +27 points |
| Q2 2023 | 20% | -2 points |
| Q4 2022 | 11% | +4.7 points |
| Q2 2022 | 28% | +25 points |
| Q4 2021 | 3.8% | +15 points |
| Q2 2021 | 22% | +28 points |
| Q4 2020 | 6.3% | +4.7 points |
| Q2 2020 | 2.3% | -6.1 points |
DB's operating margin was 30% last quarter, up 27 points from the same quarter a year ago, near the top of its range since 2016.
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.
DB Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q4 2023 | $23.9B | +981% |
| Q2 2023 | -$18.5B | -$14.3B |
| Q4 2022 | $2.2B | +$19.8B |
| Q2 2022 | -$4.2B | -128% |
| Q4 2021 | -$17.6B | -356% |
| Q2 2021 | $14.9B | -44% |
| Q4 2020 | $6.9B | +$52.2B |
| Q2 2020 | $26.7B | +$49.6B |
DB's free cash flow was $3.4B over the past year, down 89% from the year before. Free cash flow isn't a meaningful measure for financial services companies like DB.
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 DB 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 |
DB Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.3% | -5.6M shares |
| 1 year | +52% | +716M shares |
DB has 2.1B diluted shares, up 52% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2023 | $499.9M |
| Q2 2023 | $452.1M |
| Q4 2022 | $1.5B |
| Q2 2022 | $772.1M |
| Q4 2021 | $705.4M |
| Q2 2021 | $321.1M |
| Q4 2020 | $26.7M |
| Q2 2020 | $283.3M |
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.
DB Net Leverage
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).
DB Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 53.7 | Neutral |
| Stochastic | 39.4 | Neutral |
DB's weekly RSI is 54 (neutral) and its Stochastic is 39 (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.
DB PE vs Financial Services Sector
| Metric | DB | Sector median | Relative |
|---|---|---|---|
| PE | 12x | 13x | 8.5% below |
| PE % | 94 | 63 | 31 pts above |
DB 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.
DB Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $34.3 | 6.9% above |
| 20 week MA | $36.3 | 0.9% above |
| 50 week MA | $35.1 | 4.4% above |
| 100 week MA | $31.6 | 16% above |
| 200 week MA | $22.6 | 62% above |
DB is in an uptrend: it's above all five of its weekly moving averages, and 62% 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 DB on returns for 2026, with the stronger performance.
DB Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $7.69 | $10.9 | +41% |
| 2021 | $10.9 | $12.6 | +16% |
| 2022 | $12.6 | $11.4 | -9.8% |
| 2023 | $11.4 | $13.6 | +19% |
| 2024 | $13.6 | $17.2 | +27% |
| 2025 | $17.2 | $39.7 | +131% |
| 2026 YTD | $39.7 | $36.7 | -7.6% |
DB has finished higher in five of the last six years. It's down 7.6% so far in 2026.