BLK
BlackRock, Inc.
BLK has the edge over ETOR overall, supported by stronger fundamentals and lower modeled downside.
ETOR
eToro Group Ltd.
ETOR offers stronger valuation, but that advantage does not outweigh its weaker overall profile.
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.
ETOR Fundamentals
| Metric | Status |
|---|---|
| Weak | |
| Healthy | |
| N/A | |
| N/A |
ETOR's profitability is currently healthy, but its revenue is weak. Free cash flow and net leverage aren't meaningful measures for financial services companies like ETOR.
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.
ETOR PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 8.3x | $22.46 | — |
| Forward | 10x | $22.46 | — |
| Cheap | 12x | $31.64 | +41% |
| Fair | 15x | $39.69 | +77% |
| Expensive | 17x | $45.36 | +102% |
Historical ranges are pointers, not guarantees.
ETOR 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.
ETOR Forward outlook
| Metric | Outlook |
|---|---|
| Strongly deteriorating | |
| Stable | |
| Stable | |
| Stable | |
| Limited | |
| Moderate |
Analysts expect ETOR's earnings, revenue and profitability to hold roughly steady.
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.
ETOR Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.15 | -21% |
| Q2 2026 | $2.71 | +22% |
| Q1 2026 | $2.44 | +6.6% |
| Q4 2025 | $2.30 | -1.7% |
ETOR 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 has the edge over ETOR 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 ETOR on profitability, with a higher operating margin.
ETOR Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $239.5M | -89% |
| Q1 2026 | $268M | -93% |
| Q4 2025 | $3.9B | -34% |
| Q3 2025 | $4.1B | +164% |
| Q2 2025 | $2.1B | +13% |
| Q1 2025 | $3.8B | +11% |
ETOR's revenue has slid since its 2024 peak: $240M last quarter, down 89% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 27% | +25 points |
| Q1 2026 | 37% | +35 points |
| Q4 2025 | 2.2% | +0.5 points |
| Q3 2025 | 1.8% | -1.5 points |
| Q2 2025 | 2% | -0.3 points |
| Q1 2025 | 2% | -0.4 points |
| Q4 2024 | 1.7% | N/A |
| Q3 2024 | 3.2% | N/A |
ETOR's operating margin was 27% last quarter, up 25 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 ETOR on cash flow, with more consistent year-over-year improvement.
ETOR Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $37.3M | -38% |
| Q1 2026 | $102.2M | +8.4% |
| Q4 2025 | $123.9M | +90% |
| Q3 2025 | $39.9M | -50% |
| Q2 2025 | $59.9M | -17% |
| Q1 2025 | $94.2M | +92% |
ETOR's free cash flow was $303M over the past year, up 1.5% from the year before. Free cash flow isn't a meaningful measure for financial services companies like ETOR.
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 |
ETOR Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -2.6% | -2.5M shares |
| 1 year | -5.5% | -5.3M shares |
ETOR has the edge over BLK on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q2 2026 | $88M |
| Q1 2026 | $101.1M |
| Q4 2025 | — |
| Q3 2025 | $875,000 |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
ETOR spent $190M buying back its own shares over the past year, after none 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.
ETOR Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | -2.7x | Net Cash |
| Q1 2026 | -3.1x | Net Cash |
| Q4 2025 | -3.2x | Net Cash |
| Q3 2025 | -3.1x | Net Cash |
| Q2 2025 | -3.2x | Net Cash |
| Q1 2025 | -2.1x | Net Cash |
| Q4 2024 | -11.9x | Net Cash |
ETOR has the edge over BLK on leverage, with a lower net debt burden relative to earnings.
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).
ETOR Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 29.6 | Oversold |
| Stochastic | 5.7 | Oversold |
ETOR's weekly RSI is 30 (oversold) and its Stochastic is 6 (oversold).
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.
ETOR PE vs Financial Services Sector
| Metric | ETOR | Sector median | Relative |
|---|---|---|---|
| PE | 8.3x | 13x | 36% below |
| PE % | 0 | 15 | 15 pts below |
ETOR 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 stronger trend alignment. BLK is above 5 of 5 weekly averages versus ETOR above 0 of 3.
ETOR Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $24.3 | 7.4% below |
| 20 week MA | $29.9 | 25% below |
| 50 week MA | $32.8 | 31% below |
ETOR is in a downtrend: it's below all three of its weekly moving averages, and 31% below its 50-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 ETOR on returns for 2026, with the stronger performance.
ETOR Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2025 | $64.2 | $35.9 | -44% |
| 2026 YTD | $35.9 | $22.5 | -37% |
ETOR has finished every year since 2025 lower, and it's down 37% so far in 2026.