BLK
BlackRock, Inc.
BLK trails on the overall score without a compensating advantage in the available component scores.
FNF
Fidelity National Financial, Inc.
FNF 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.
FNF Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| N/A | |
| N/A |
FNF's profitability is currently healthy, and its revenue is stable. Free cash flow and net leverage aren't meaningful measures for financial services companies like FNF.
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 FNF in the historical PE scenario, which offers more potential upside but is not a forecast.
FNF PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 5.9x | $23.18 | -46% |
| Forward | 8.3x | $43.10 | — |
| Current | 11x | $43.10 | — |
| Fair | 14x | $56.61 | +31% |
| Expensive | 21x | $82.71 | +92% |
Historical ranges are pointers, not guarantees.
FNF's PE is in its fair range at 11x. On analysts' estimates for next year's earnings, today's price would be 8.3x, in its cheap range.
BLK Forward outlook
There aren't enough analyst estimates for BLK to show an outlook.
FNF Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Stable | |
| Stable | |
| Stable | |
| Limited | |
| Moderate |
Analysts expect FNF'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.
FNF Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $5.18 | +32% |
| Q3 2026 | $3.91 | -5.8% |
| Q2 2026 | $2.82 | -26% |
| Q1 2026 | $2.73 | -30% |
| Q4 2025 | $2.12 | -53% |
| Q3 2025 | $4.15 | +57% |
| Q2 2025 | $3.80 | +18% |
| Q1 2025 | $3.90 | +33% |
| Q4 2024 | $4.48 | +143% |
FNF has the edge over BLK on earnings, with stronger typical year-over-year growth.
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 FNF 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.
FNF Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $3.6B | -11% |
| Q2 2026 | $4.1B | +11% |
| Q1 2026 | $3.2B | +18% |
| Q4 2025 | $4.1B | +12% |
| Q3 2025 | $4B | +12% |
| Q2 2025 | $3.6B | +15% |
| Q1 2025 | $2.7B | -17% |
| Q4 2024 | $3.6B | +5.5% |
FNF's revenue is growing: $3.6B last quarter, down 11% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 35% | +24 points |
| Q2 2026 | 8.3% | -2.2 points |
| Q1 2026 | 15% | +11 points |
| Q4 2025 | 11% | -6.5 points |
| Q3 2025 | 11% | +2.6 points |
| Q2 2025 | 11% | -4 points |
| Q1 2025 | 4.1% | -6 points |
| Q4 2024 | 18% | +23 points |
FNF 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 has the edge over FNF on cash flow, with more consistent year-over-year improvement.
FNF Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $1.4B | +8.4% |
| Q2 2026 | $1.9B | -1.3% |
| Q1 2026 | $875M | -22% |
| Q4 2025 | $1.5B | +0.7% |
| Q3 2025 | $1.3B | -45% |
| Q2 2025 | $1.9B | +39% |
| Q1 2025 | $1.1B | -30% |
| Q4 2024 | $1.5B | -34% |
FNF's free cash flow was $5.7B over the past year, down 2.5% from the year before. Free cash flow isn't a meaningful measure for financial services companies like FNF.
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 |
FNF Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -- |
| 1 year | -4.6% | -13M shares |
| 3 years | -5% | -14M shares |
| 5 years | -13% | -40.4M shares |
| Available history | -10% | -30.2M shares |
FNF has the edge over BLK on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $6M |
| Q2 2026 | $60M |
| Q1 2026 | $78M |
| Q4 2025 | $30M |
| Q3 2025 | $43M |
| Q2 2025 | $154M |
| Q1 2025 | $24M |
| Q4 2024 | — |
FNF spent $174M buying back its own shares over the past year, down 21% 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 FNF on leverage, with a lower net debt burden relative to earnings.
FNF Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.4x | Very low |
| Q2 2026 | 0.3x | Very low |
| Q1 2026 | 0.7x | Very low |
| Q4 2025 | 0.8x | Very low |
| Q3 2025 | 0.4x | Very low |
| Q2 2025 | 0.5x | Very low |
| Q1 2025 | -0.0x | Net Cash |
| Q4 2024 | 0.3x | Very low |
FNF'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 FNF.
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).
FNF Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 43.1 | Neutral |
| Stochastic | 33.1 | Neutral |
FNF's weekly RSI is 43 (neutral) and its Stochastic is 33 (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.
FNF PE vs Financial Services Sector
| Metric | FNF | Sector median | Relative |
|---|---|---|---|
| PE | 11x | 13x | 15% below |
| PE % | 37 | 63 | 26 pts below |
FNF 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 FNF on trend strength, trading above more of its moving averages.
FNF Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $40.9 | 5.3% above |
| 20 week MA | $45.4 | 5% below |
| 50 week MA | $48.8 | 12% below |
| 100 week MA | $53.6 | 20% below |
| 200 week MA | $50.3 | 14% below |
FNF has bounced recently, but its long-term trend is still down: it's above its 8-week average, but 14% 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 FNF on returns for 2026, with the stronger performance.
FNF Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $43.3 | $37.0 | -15% |
| 2021 | $37.0 | $48.9 | +32% |
| 2022 | $48.9 | $37.8 | -23% |
| 2023 | $37.8 | $51.0 | +35% |
| 2024 | $51.0 | $56.3 | +10% |
| 2025 | $56.3 | $54.9 | -2.5% |
| 2026 YTD | $54.9 | $43.1 | -21% |
FNF has finished lower in three of the last six years. It's down 21% so far in 2026.