BLK
BlackRock, Inc.
BLK has the edge over EIG overall, supported by stronger fundamentals and stronger valuation.
EIG
Employers Holdings, Inc.
EIG has slightly 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.
EIG Fundamentals
| Metric | Status |
|---|---|
| Under pressure | |
| Stable | |
| N/A | |
| N/A |
EIG's profitability is currently stable, but its revenue is under pressure. Free cash flow and net leverage aren't meaningful measures for financial services companies like EIG.
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 EIG in the historical PE scenario, which offers more potential upside but is not a forecast.
EIG PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 8.8x | $16.04 | -66% |
| Fair | 10x | $19.10 | -60% |
| Forward | 21x | $47.36 | — |
| Expensive | 22x | $39.61 | -16% |
| Current | 26x | $47.36 | — |
Historical ranges are pointers, not guarantees.
EIG's PE is in its expensive range at 26x. On analysts' estimates for next year's earnings, today's price would be 21x.
BLK Forward outlook
There aren't enough analyst estimates for BLK to show an outlook.
EIG Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Stable | |
| Decline | |
| Improving | |
| Limited | |
| High |
Analysts expect EIG'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 EIG on earnings, with more consistent year-over-year improvement.
EIG Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.21 | +21% |
| Q3 2026 | $1.82 | -28% |
| Q2 2026 | $0.82 | -80% |
| Q1 2026 | $0.46 | -89% |
| Q4 2025 | $0.46 | -90% |
| Q3 2025 | $2.53 | -52% |
| Q2 2025 | $4.10 | -12% |
| Q1 2025 | $4.12 | -12% |
| Q4 2024 | $4.71 | +5.8% |
EIG's earnings per share have fallen from their peak: $1.82 over the past year, against $6.01 in early 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 edge over EIG on sales, with more consistent year-over-year improvement.
| 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 has the edge over EIG on profitability, with a higher operating margin.
EIG Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $189.3M | -21% |
| Q2 2026 | $220.2M | -11% |
| Q1 2026 | $207.6M | +2.5% |
| Q4 2025 | $170.5M | -21% |
| Q3 2025 | $239.3M | +6.8% |
| Q2 2025 | $246.3M | +14% |
| Q1 2025 | $202.6M | -9.2% |
| Q4 2024 | $216.6M | -4% |
EIG's revenue has slid since its 2025 peak: $189M last quarter, down 21% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 7.7% | +12 points |
| Q2 2026 | 16% | +0.7 points |
| Q1 2026 | 6.2% | -1.7 points |
| Q4 2025 | -17% | -33 points |
| Q3 2025 | -4.7% | -21 points |
| Q2 2025 | 15% | -3.4 points |
| Q1 2025 | 7.8% | -8 points |
| Q4 2024 | 16% | -9.8 points |
EIG's operating margin was 7.7% last quarter, up 12 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 EIG on cash generation, producing positive trailing cash flow while its opponent burns cash.
EIG Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$12.2M | -142% |
| Q2 2026 | -$10.9M | -$10M |
| Q1 2026 | $1.3M | -91% |
| Q4 2025 | $500K | -96% |
| Q3 2025 | $28.8M | -43% |
| Q1 2025 | $14.1M | +$14.8M |
| Q4 2024 | $11.4M | -58% |
| Q3 2024 | $50.1M | +105% |
EIG's free cash flow was −$21M over the past year, against $53M the year before. Free cash flow isn't a meaningful measure for financial services companies like EIG.
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 |
EIG Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.2% | -228K shares |
| 1 year | -23% | -5.3M shares |
| 3 years | -31% | -8.1M shares |
| 5 years | -37% | -10.4M shares |
| Available history | -44% | -14.5M shares |
EIG has the edge over BLK on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $16.9M |
| Q2 2026 | $30.2M |
| Q1 2026 | $79.3M |
| Q4 2025 | $94.1M |
| Q3 2025 | $45.4M |
| Q2 2025 | $23.5M |
| Q1 2025 | $19.8M |
| Q4 2024 | $10.6M |
EIG spent $221M buying back its own shares over the past year, up 122% 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 the edge over EIG on leverage, with a lower net debt burden relative to earnings.
EIG Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 1.1x | Healthy |
| Q2 2026 | 0.6x | Very low |
| Q1 2026 | -1.2x | Net Cash |
| Q4 2025 | -4.8x | Net Cash |
| Q3 2025 | -1.7x | Net Cash |
| Q2 2025 | -0.5x | Net Cash |
| Q1 2024 | -0.7x | Net Cash |
| Q4 2023 | -1.5x | Net Cash |
EIG's net debt is about 1.1 years of its operating earnings (EBITDA), after holding more cash than debt a year ago. Net leverage isn't a meaningful measure for financial services companies like EIG.
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).
EIG Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 49.0 | Neutral |
| Stochastic | 21.3 | Neutral |
EIG's weekly RSI is 49 (neutral) and its Stochastic is 21 (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.
EIG PE vs Financial Services Sector
| Metric | EIG | Sector median | Relative |
|---|---|---|---|
| PE | 26x | 13x | 100% above |
| PE % | 90 | 63 | 27 pts above |
EIG 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 EIG on trend strength, trading above more of its moving averages.
EIG Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $48.6 | 2.5% below |
| 20 week MA | $49.3 | 3.9% below |
| 50 week MA | $45.4 | 4.2% above |
| 100 week MA | $45.7 | 3.6% above |
| 200 week MA | $44.2 | 7.2% above |
EIG has pulled back, but its long-term trend is still up: it's below its 8- and 20-week averages, but 7.2% 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 EIG on returns for 2026, with the stronger performance.
EIG Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $41.6 | $31.9 | -23% |
| 2021 | $31.9 | $40.6 | +27% |
| 2022 | $40.6 | $43.5 | +7.3% |
| 2023 | $43.5 | $39.4 | -9.5% |
| 2024 | $39.4 | $50.9 | +29% |
| 2025 | $50.9 | $42.9 | -16% |
| 2026 YTD | $42.9 | $47.4 | +10% |
EIG has finished lower in three of the last six years. It's up 10% so far in 2026.