BLK
BlackRock, Inc.
BLK has a slight edge over FDUS overall, supported by stronger fundamentals.
FDUS
Fidus Investment Corporation
FDUS 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.
FDUS Fundamentals
| Metric | Status |
|---|---|
| Under pressure | |
| Strong | |
| N/A | |
| N/A |
FDUS's profitability is currently strong, but its revenue is under pressure. Free cash flow and net leverage aren't meaningful measures for financial services companies like FDUS.
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 FDUS in the historical PE scenario, which offers more potential upside but is not a forecast.
FDUS PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 4.9x | $10.88 | -44% |
| Fair | 8.6x | $19.02 | -1.5% |
| Current | 8.7x | $19.32 | — |
| Forward | 9.6x | $19.32 | — |
| Expensive | 11x | $23.21 | +20% |
Historical ranges are pointers, not guarantees.
FDUS's PE is in its fair range at 8.7x. On analysts' estimates for next year's earnings, today's price would be 9.6x, in its expensive range.
BLK Forward outlook
There aren't enough analyst estimates for BLK to show an outlook.
FDUS Forward outlook
| Metric | Outlook |
|---|---|
| Deteriorating | |
| Stable | |
| Growth | |
| Strongly weakening | |
| Limited | |
| Moderate |
Analysts expect FDUS's revenue to grow, but its profitability to weaken.
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 FDUS on earnings, with more consistent year-over-year improvement.
FDUS Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.01 | -9% |
| Q3 2026 | $2.21 | +5.2% |
| Q2 2026 | $2.16 | -4% |
| Q1 2026 | $2.20 | -2.2% |
| Q4 2025 | $2.08 | -9.2% |
| Q3 2025 | $2.10 | -9.5% |
| Q2 2025 | $2.25 | -2.6% |
| Q1 2025 | $2.25 | -8.2% |
| Q4 2024 | $2.29 | -7.3% |
FDUS's earnings per share have fallen from their peak: $2.21 over the past year, against $4.76 in early 2022.
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 stronger quarterly revenue trend. Revenue is up 19% for BLK versus down 50% for FDUS.
| 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.
FDUS Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2022 | $17.2M | -50% |
| Q2 2022 | $14.1M | -56% |
| Q1 2022 | $17.4M | -13% |
| Q4 2021 | $60.3M | +67% |
| Q3 2021 | $34.5M | +29% |
| Q2 2021 | $31.6M | +124% |
| Q4 2020 | $36.1M | +38% |
FDUS's revenue is shrinking: $17M last quarter, down 50% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2022 | 66% | -16 points |
| Q2 2022 | 58% | -24 points |
| Q1 2022 | 67% | +9.2 points |
| Q4 2021 | 88% | +5.3 points |
| Q3 2021 | 82% | +4.4 points |
| Q2 2021 | 82% | +24 points |
| Q1 2021 | 58% | N/A |
| Q4 2020 | 82% | +4.7 points |
FDUS's operating margin was 66% last quarter, down 16 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 FDUS on cash generation, producing positive trailing cash flow while its opponent burns cash.
FDUS Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $5.8M | +$37.7M |
| Q2 2026 | -$41.9M | -205% |
| Q1 2026 | -$32.6M | +$17.6M |
| Q4 2025 | -$104.8M | -611% |
| Q3 2025 | -$31.9M | -782% |
| Q2 2025 | $39.9M | +$42.6M |
| Q1 2025 | -$50.2M | +$27.6M |
| Q4 2024 | $20.5M | +512% |
FDUS's free cash flow was −$174M over the past year, against −$22M the year before. Free cash flow isn't a meaningful measure for financial services companies like FDUS.
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 FDUS 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 |
FDUS Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +2.5% | +949K shares |
| 1 year | +8.9% | +3.2M shares |
| 3 years | +46% | +12.3M shares |
| 5 years | +59% | +14.5M shares |
| Available history | +59% | +14.4M shares |
FDUS has 39M diluted shares, up 8.9% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2022 | — |
| Q2 2022 | — |
| Q1 2022 | — |
| Q4 2021 | — |
| Q3 2021 | — |
| Q2 2021 | — |
| Q1 2021 | — |
| Q4 2020 | — |
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.
FDUS Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2022 | 4.1x | High |
| Q2 2022 | 3.1x | Elevated |
| Q1 2022 | 2.5x | Moderate |
| Q4 2021 | 1.7x | Healthy |
| Q3 2021 | 2.6x | Moderate |
| Q2 2021 | 3.3x | Elevated |
| Q1 2021 | 4.1x | High |
| Q4 2020 | 9.6x | High |
FDUS's net debt is about 4.1 years of its operating earnings (EBITDA), up from 2.6 years a year ago. Net leverage isn't a meaningful measure for financial services companies like FDUS.
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).
FDUS Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 50.5 | Neutral |
| Stochastic | 49.6 | Neutral |
FDUS's weekly RSI is 51 (neutral) and its Stochastic is 50 (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.
FDUS PE vs Financial Services Sector
| Metric | FDUS | Sector median | Relative |
|---|---|---|---|
| PE | 8.7x | 13x | 33% below |
| PE % | 53 | 63 | 10 pts below |
FDUS 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 FDUS on trend strength, trading above more of its moving averages.
FDUS Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $19.2 | 0.8% above |
| 20 week MA | $19.5 | 1% below |
| 50 week MA | $19.1 | 1.4% above |
| 100 week MA | $19.9 | 2.8% below |
| 200 week MA | $19.8 | 2.2% below |
FDUS's trend is mixed: it's above two of its five weekly moving averages, and 2.2% below 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 FDUS on returns for 2026, with the stronger performance.
FDUS Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $15.0 | $12.6 | -16% |
| 2021 | $12.6 | $17.9 | +42% |
| 2022 | $17.9 | $19.0 | +6% |
| 2023 | $19.0 | $19.7 | +3.7% |
| 2024 | $19.7 | $20.9 | +5.9% |
| 2025 | $20.9 | $19.4 | -6.8% |
| 2026 YTD | $19.4 | $19.3 | -0.6% |
FDUS has finished higher in four of the last six years. It's down 0.6% so far in 2026.