BLK
BlackRock, Inc.
BLK's fundamentals are mixed, but it looks expensive: trading at 28x earnings, above its usual 22x.
FACT
FACT II Acquisition Corp
There isn't enough reported data to score FACT 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.
FACT Fundamentals
| Metric | Status |
|---|---|
| Unavailable | |
| Stable | |
| N/A | |
| N/A |
FACT's profitability is currently stable. There isn't enough data to rate its revenue. Free cash flow and net leverage aren't meaningful measures for financial services companies like FACT.
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.
FACT PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 49x | $8.73 | -19% |
| Fair | 53x | $9.53 | -12% |
| Current | 60x | $10.79 | — |
| Expensive | 96x | $17.29 | +60% |
Historical ranges are pointers, not guarantees.
FACT 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.
FACT Forward outlook
There aren't enough analyst estimates for FACT to show an outlook.
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.
FACT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | $0.18 | -10% |
| Q2 2026 | $0.20 | +82% |
| Q1 2026 | $0.22 | +$0.82 |
| Q4 2025 | $0.22 | +$1.26 |
| Q3 2025 | $0.20 | +$3.75 |
| Q2 2025 | $0.11 | +$8.84 |
| Q1 2023 | $0.11 | +57% |
| Q4 2022 | $0.13 | +8.3% |
FACT 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 FACT 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.
FACT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q4 2024 | $94.2M | +49% |
FACT's revenue has slid since its 2024 peak: $0 last quarter.
| Quarter | Margin | YoY |
|---|---|---|
| Q4 2024 | -1% | +58 points |
| Q2 2024 | -211% | N/A |
| Q1 2024 | -75% | N/A |
| Q4 2023 | -59% | N/A |
| Q3 2023 | -45% | N/A |
FACT's operating margin was −1% last quarter, up 44 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 FACT on cash generation, producing positive trailing cash flow while its opponent burns cash.
FACT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$97.6K | -$16.7K |
| Q2 2026 | -$242.4K | -$108.9K |
| Q1 2026 | -$131.9K | +$94K |
| Q4 2025 | -$462.8K | -$208.7K |
| Q3 2025 | -$80.8K | -$29.8K |
| Q2 2025 | -$133.6K | -$133.6K |
| Q1 2025 | -$225.9K | +$4.7M |
| Q4 2024 | -$254.1K | -100% |
FACT's free cash flow was −$934,734 over the past year, against −$694,402 the year before. Free cash flow isn't a meaningful measure for financial services companies like FACT.
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 FACT 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 |
FACT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +32% | +5.8M shares |
| 1 year | +32% | +5.8M shares |
| 3 years | -39% | -15.5M shares |
| 5 years | -42% | -17.7M shares |
FACT has 24M diluted shares, up 32% from a year ago.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q2 2024 | — |
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.
FACT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2025 | -1.2x | Net Cash |
| Q1 2023 | 0.6x | Very low |
| Q4 2022 | 0.2x | Very low |
| Q3 2022 | 0.1x | Very low |
FACT has more cash than debt. Net leverage isn't a meaningful measure for financial services companies like FACT.
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).
FACT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 76.0 | Overbought |
| Stochastic | 94.2 | Overbought |
FACT's weekly RSI is 76 (overbought) and its Stochastic is 94 (overbought).
BLK PE vs Financial Services Sector
| Metric | BLK | Sector median | Relative |
|---|---|---|---|
| PE | 28x | 13x | 113% above |
| PE % | 97 | 63 | 34 pts above |
BLK has the edge over FACT on valuation relative to its sector.
FACT PE vs Financial Services Sector
| Metric | FACT | Sector median | Relative |
|---|---|---|---|
| PE | 60x | 13x | 360% above |
| PE % | 80 | 22 | 58 pts above |
FACT is trading at 60x earnings, a 360% premium to the Financial Services sector's median of 13x, though its earnings don't support one.
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 |
FACT has stronger trend alignment. BLK is above 5 of 5 weekly averages versus FACT above 4 of 4.
FACT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $10.8 | 0.3% above |
| 20 week MA | $10.7 | 0.7% above |
| 50 week MA | $10.6 | 1.8% above |
| 100 week MA | $10.4 | 3.9% above |
FACT is in an uptrend: it's above all four of its weekly moving averages, and 3.9% above its 100-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 FACT on returns for 2026, with the stronger performance.
FACT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2024 | $9.88 | $9.88 | 0% |
| 2025 | $9.88 | $10.4 | +5.2% |
| 2026 YTD | $10.4 | $10.8 | +3.8% |
FACT has finished lower in one of the last two years. It's up 3.8% so far in 2026.