BLK
BlackRock, Inc.
BLK offers stronger fundamentals, but that advantage does not outweigh its weaker overall profile.
FUNC
First United Corporation
FUNC has a slight edge over BLK overall, supported by 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.
FUNC Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| N/A | |
| N/A |
FUNC's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like FUNC.
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 FUNC in the historical PE scenario, which offers more potential upside but is not a forecast.
FUNC PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 5.3x | $20.60 | -56% |
| Fair | 8.6x | $33.56 | -28% |
| Forward | 9.6x | $46.40 | — |
| Expensive | 11x | $44.55 | -4% |
| Current | 12x | $46.40 | — |
Historical ranges are pointers, not guarantees.
FUNC's PE is in its expensive range at 12x. If earnings grow as analysts expect, today's price would be 9.6x next year's earnings, in its fair range.
BLK Forward outlook
There aren't enough analyst estimates for BLK to show an outlook.
FUNC Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for FUNC, 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% |
BLK earned $43.87 per share over the past year, up 11% from the year before.
FUNC Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $4.83 | +23% |
| Q3 2026 | $3.91 | +2.1% |
| Q2 2026 | $3.87 | +6% |
| Q1 2026 | $3.91 | +12% |
| Q4 2025 | $3.77 | +20% |
| Q3 2025 | $3.83 | +55% |
| Q2 2025 | $3.65 | +62% |
| Q1 2025 | $3.48 | +61% |
| Q4 2024 | $3.15 | +40% |
FUNC 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 FUNC on sales, with stronger typical year-over-year growth.
| 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.
FUNC Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $25.2M | +11% |
| Q2 2026 | $23.9M | +9.9% |
| Q1 2026 | $23.4M | +12% |
| Q4 2025 | $23.2M | +12% |
| Q3 2025 | $22.7M | +12% |
| Q2 2025 | $21.8M | +8.5% |
| Q1 2025 | $20.9M | +12% |
| Q4 2024 | $20.8M | +40% |
FUNC's revenue has grown year over year for 10 quarters in a row: $25M last quarter, up 11% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 38% | -3.1 points |
| Q2 2026 | 31% | -5.6 points |
| Q1 2026 | 38% | +1 points |
| Q4 2025 | 33% | -6.4 points |
| Q3 2025 | 41% | +2.7 points |
| Q2 2025 | 37% | +4 points |
| Q1 2025 | 37% | +11 points |
| Q4 2024 | 39% | +25 points |
FUNC 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.
FUNC Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $4.6M | +2621% |
| Q2 2026 | $4.7M | +560% |
| Q1 2026 | $13M | +104% |
| Q4 2025 | $8.2M | -11% |
| Q3 2025 | $168K | -71% |
| Q2 2025 | $706K | -90% |
| Q1 2025 | $6.4M | +81% |
| Q4 2024 | $9.2M | +61% |
FUNC's free cash flow was $30M over the past year, up 85% from the year before. Free cash flow isn't a meaningful measure for financial services companies like FUNC.
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 |
FUNC Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | +3K shares |
| 1 year | -0.7% | -44K shares |
| 3 years | -3.9% | -264K shares |
| 5 years | -2.4% | -160K shares |
| Available history | -9% | -637K shares |
FUNC has the edge over BLK on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | $371,000 |
| Q1 2026 | $2.2M |
| Q4 2024 | $1,000 |
| Q3 2024 | $1,000 |
| Q4 2023 | $1.5M |
| Q4 2021 | — |
| Q3 2021 | — |
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.
FUNC Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.3x | Net Cash |
| Q2 2026 | 0.4x | Very low |
| Q1 2026 | -1.1x | Net Cash |
| Q4 2025 | -0.5x | Net Cash |
| Q3 2025 | 0.6x | Very low |
| Q2 2025 | 2.7x | Moderate |
| Q1 2025 | 1.7x | Healthy |
| Q4 2024 | 3.5x | Elevated |
FUNC 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).
FUNC Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 65.5 | Neutral |
| Stochastic | 75.8 | Neutral |
FUNC's weekly RSI is 65 (neutral) and its Stochastic is 76 (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.
FUNC PE vs Financial Services Sector
| Metric | FUNC | Sector median | Relative |
|---|---|---|---|
| PE | 12x | 13x | 8.8% below |
| PE % | 87 | 63 | 24 pts above |
FUNC 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 is in an uptrend: it's above all five of its weekly moving averages, and 33% above its 200-week average.
FUNC Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $44.8 | 3.6% above |
| 20 week MA | $44.5 | 4.2% above |
| 50 week MA | $40.8 | 14% above |
| 100 week MA | $37.1 | 25% above |
| 200 week MA | $29.3 | 59% above |
FUNC is in an uptrend: it's above all five of its weekly moving averages, and 59% 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.
FUNC Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $24.0 | $16.0 | -33% |
| 2021 | $16.0 | $18.7 | +17% |
| 2022 | $18.7 | $19.2 | +2.9% |
| 2023 | $19.2 | $23.5 | +22% |
| 2024 | $23.5 | $33.9 | +44% |
| 2025 | $33.9 | $38.7 | +14% |
| 2026 YTD | $38.7 | $46.4 | +20% |
FUNC has the edge over BLK on returns for 2026, with the stronger performance.