BLK
BlackRock, Inc.
BLK has a slight edge over FISI overall, supported by stronger fundamentals and stronger valuation.
FISI
Financial Institutions, Inc.
FISI offers stronger modeled upside, 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.
FISI Fundamentals
| Metric | Status |
|---|---|
| Unavailable | |
| Strong | |
| N/A | |
| N/A |
FISI's profitability is currently strong. There isn't enough data to rate its revenue. Free cash flow and net leverage aren't meaningful measures for financial services companies like FISI.
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.
FISI PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 5.8x | $23.28 | -42% |
| Fair | 7.3x | $29.54 | -26% |
| Forward | 9.5x | $40.04 | — |
| Expensive | 9.9x | $39.80 | -0.6% |
| Current | 9.9x | $40.04 | — |
Historical ranges are pointers, not guarantees.
FISI 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.
FISI Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for FISI, with profitability improving.
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% |
FISI has the stronger earnings trend. Trailing diluted EPS is up 11% for BLK versus FISI up 27%.
FISI Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $4.24 | +5.1% |
| Q3 2024 | $3.17 | -4.2% |
| Q2 2024 | $3.21 | -3% |
| Q1 2024 | $2.50 | -26% |
| Q4 2023 | $3.15 | -12% |
| Q3 2023 | $3.31 | -17% |
| Q2 2023 | $3.31 | -21% |
| Q1 2023 | $3.39 | -24% |
| Q4 2022 | $3.56 | -26% |
FISI earned $4.03 per share over the past year, up 27% from the year before.
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 FISI 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.
FISI Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $64.7M | +1.4% |
| Q2 2026 | $64.3M | +7.7% |
| Q1 2026 | $62.7M | +9.5% |
| Q3 2025 | $63.8M | +27% |
| Q2 2025 | $59.7M | -8.4% |
| Q1 2025 | $57.2M | +12% |
| Q3 2024 | $50.1M | -3.9% |
| Q2 2024 | $65.2M | +21% |
FISI's revenue has grown year over year for four quarters in a row: $65M last quarter, up 1.4% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 37% | -2.4 points |
| Q2 2026 | 40% | +3.8 points |
| Q1 2026 | 40% | +3.6 points |
| Q4 2025 | 37% | N/A |
| Q3 2025 | 40% | +11 points |
| Q2 2025 | 36% | -10 points |
| Q1 2025 | 36% | +31 points |
| Q3 2024 | 29% | -2.5 points |
FISI 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.
FISI Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $31.8M | +$39.7M |
| Q2 2026 | $21.8M | +$29.1M |
| Q1 2026 | $23M | +151% |
| Q3 2025 | -$7.9M | -$7.6M |
| Q2 2025 | -$7.3M | -121% |
| Q1 2025 | $9.2M | -17% |
| Q3 2024 | -$299K | -101% |
| Q2 2024 | $34.7M | +341% |
FISI 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 |
FISI Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.2% | -39K shares |
| 1 year | -2.1% | -434K shares |
| 3 years | +29% | +4.5M shares |
| 5 years | +25% | +4M shares |
| Available history | +24% | +3.9M shares |
FISI has the edge over BLK on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $7.7M |
| Q2 2026 | $65,000 |
| Q1 2026 | $6.1M |
| Q4 2025 | $10.9M |
| Q3 2025 | $34,000 |
| Q2 2025 | — |
| Q1 2025 | $481,000 |
| Q3 2024 | $26,000 |
FISI spent $25M buying back its own shares over the past year.
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 FISI on leverage, with a lower net debt burden relative to earnings.
FISI Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 1.3x | Healthy |
| Q2 2026 | 1.5x | Healthy |
| Q1 2026 | 1.0x | Healthy |
| Q4 2025 | 2.0x | Healthy |
| Q3 2024 | -1.0x | Net Cash |
| Q2 2024 | 2.5x | Moderate |
| Q1 2024 | 0.4x | Very low |
| Q4 2023 | 2.6x | Moderate |
FISI's net debt is about 1.3 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 FISI.
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).
FISI Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 56.7 | Neutral |
| Stochastic | 38.7 | Neutral |
FISI's weekly RSI is 57 (neutral) and its Stochastic is 39 (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.
FISI PE vs Financial Services Sector
| Metric | FISI | Sector median | Relative |
|---|---|---|---|
| PE | 9.9x | 13x | 24% below |
| PE % | 84 | 63 | 21 pts above |
FISI 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 FISI on trend strength, trading above more of its moving averages.
FISI Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $39.7 | 0.8% above |
| 20 week MA | $40.3 | 0.6% below |
| 50 week MA | $36.2 | 11% above |
| 100 week MA | $31.4 | 28% above |
| 200 week MA | $25.8 | 55% above |
FISI's trend is mixed: it's above four of its five weekly moving averages, and 55% 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 finished higher in five of the last six years. It's up 12% so far in 2026.
FISI Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $32.0 | $22.5 | -30% |
| 2021 | $22.5 | $31.8 | +42% |
| 2022 | $31.8 | $24.5 | -23% |
| 2023 | $24.5 | $21.3 | -13% |
| 2024 | $21.3 | $27.0 | +27% |
| 2025 | $27.0 | $32.0 | +18% |
| 2026 YTD | $32.0 | $40.0 | +25% |
FISI has the edge over BLK on returns for 2026, with the stronger performance.