BLK
BlackRock, Inc.
BLK offers stronger fundamentals, but that advantage does not outweigh its weaker overall profile.
ESNT
Essent Group Ltd.
ESNT has a slight 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.
ESNT Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| N/A | |
| N/A |
ESNT's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like ESNT.
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 ESNT in the historical PE scenario, which offers more potential upside but is not a forecast.
ESNT PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 5.7x | $41.50 | -36% |
| Fair | 8.4x | $61.43 | -5.3% |
| Forward | 8.6x | $64.89 | — |
| Current | 8.9x | $64.89 | — |
| Expensive | 9.5x | $69.56 | +7.2% |
Historical ranges are pointers, not guarantees.
ESNT's PE is in its fair range at 8.8x. If earnings grow as analysts expect, today's price would be 8.6x next year's earnings.
BLK Forward outlook
There aren't enough analyst estimates for BLK to show an outlook.
ESNT Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Growth | |
| Growth | |
| Weakening | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for ESNT, but weaker profitability.
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.
ESNT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $7.56 | +3.1% |
| Q3 2026 | $7.33 | +6.5% |
| Q2 2026 | $7.18 | +4.7% |
| Q1 2026 | $7.03 | +2.8% |
| Q4 2025 | $6.90 | +0.7% |
| Q3 2025 | $6.88 | -0.3% |
| Q2 2025 | $6.86 | -0.7% |
| Q1 2025 | $6.84 | +3.5% |
| Q4 2024 | $6.85 | +5.4% |
ESNT 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 ESNT 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's operating margin was 30% last quarter, about level with the same quarter a year ago, near the bottom of its range since 2019.
ESNT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $374.2M | +20% |
| Q2 2026 | $362.7M | +14% |
| Q1 2026 | $336.1M | +5.8% |
| Q4 2025 | $312.4M | -0.8% |
| Q3 2025 | $311.8M | -1.5% |
| Q2 2025 | $319.1M | +2% |
| Q1 2025 | $317.6M | +6.4% |
| Q4 2024 | $315M | +6% |
ESNT's revenue is growing: $374M last quarter, up 20% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 53% | -11 points |
| Q2 2026 | 64% | -8.9 points |
| Q1 2026 | 62% | -3.7 points |
| Q4 2025 | 59% | -2.8 points |
| Q3 2025 | 64% | -1.7 points |
| Q2 2025 | 72% | -4 points |
| Q1 2025 | 65% | -6.5 points |
| Q4 2024 | 62% | -6.4 points |
ESNT 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.
ESNT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $237.9M | +13% |
| Q2 2026 | $196.1M | +3.9% |
| Q1 2026 | $191.2M | -14% |
| Q4 2025 | $228M | +0.9% |
| Q3 2025 | $210.6M | -7.9% |
| Q2 2025 | $188.8M | +0.6% |
| Q1 2025 | $221.3M | +4.2% |
| Q4 2024 | $226M | +5.9% |
ESNT 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 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 |
ESNT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.8% | -1.6M shares |
| 1 year | -8.9% | -8.7M shares |
| 3 years | -16% | -17.3M shares |
| 5 years | -19% | -21.6M shares |
| Available history | -8.7% | -8.6M shares |
ESNT has the edge over BLK on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $74.5M |
| Q2 2026 | $191.8M |
| Q1 2026 | $170.9M |
| Q4 2025 | $126.2M |
| Q3 2025 | $122.1M |
| Q2 2025 | $170.5M |
| Q1 2025 | $168.9M |
| Q4 2024 | $66.3M |
ESNT spent $563M buying back its own shares over the past year, up 6.7% 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 ESNT on leverage, with a lower net debt burden relative to earnings.
ESNT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.4x | Very low |
| Q2 2026 | 0.5x | Very low |
| Q1 2026 | 0.4x | Very low |
| Q4 2025 | 0.5x | Very low |
| Q3 2025 | 0.5x | Very low |
| Q2 2025 | 0.5x | Very low |
| Q1 2025 | 0.3x | Very low |
| Q4 2024 | 0.4x | Very low |
ESNT's net debt is less than a year of its operating earnings (EBITDA). Net leverage isn't a meaningful measure for financial services companies like ESNT.
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).
ESNT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 50.8 | Neutral |
| Stochastic | 55.2 | Neutral |
ESNT's weekly RSI is 51 (neutral) and its Stochastic is 55 (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.
ESNT PE vs Financial Services Sector
| Metric | ESNT | Sector median | Relative |
|---|---|---|---|
| PE | 8.9x | 13x | 32% below |
| PE % | 64 | 63 | 1 pt above |
ESNT 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 ESNT on trend strength, trading above more of its moving averages.
ESNT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $64.2 | 1.1% above |
| 20 week MA | $66.0 | 1.7% below |
| 50 week MA | $63.2 | 2.7% above |
| 100 week MA | $60.9 | 6.5% above |
| 200 week MA | $56.4 | 15% above |
ESNT's trend is mixed: it's above four of its five 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 ESNT on returns for 2026, with the stronger performance.
ESNT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $52.3 | $43.9 | -16% |
| 2021 | $43.9 | $44.5 | +1.3% |
| 2022 | $44.5 | $39.0 | -12% |
| 2023 | $39.0 | $52.7 | +35% |
| 2024 | $52.7 | $54.1 | +2.5% |
| 2025 | $54.1 | $65.9 | +22% |
| 2026 YTD | $65.9 | $64.9 | -1.5% |
ESNT has finished higher in four of the last six years. It's down 1.5% so far in 2026.