BLK

BlackRock, Inc.

50
Fundamentals63/ 100
Valuation31/ 100
Upside potential50/ 100
Risk potential15/ 100

BLK trails on the overall score without a compensating advantage in the available component scores.

GBCI

Glacier Bancorp, Inc.

69
Fundamentals77/ 100
Valuation56/ 100
Upside potential75/ 100
Risk potential12/ 100

GBCI has the edge over BLK overall, supported by stronger valuation and stronger modeled upside.

BLK Fundamentals

MetricStatus
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.

GBCI Fundamentals

MetricStatus
Healthy
Strong
N/A
N/A

GBCI's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like GBCI.

BLK PE Valuation

CHEAPFAIREXPENSIVE7.8x16x23x31x
CHEAPFAIREXPENSIVE7.8x16x23x31x
LevelPEPriceVs current
Cheap19x$848-30%
Fair22x$973-20%
Expensive26x$1,149-5.5%
Current28x$1,217—

Historical ranges are pointers, not guarantees.

BLK's PE is in its expensive range at 28x.

GBCI PE Valuation

CHEAPFAIREXPENSIVE9.4x19x28x37x
CHEAPFAIREXPENSIVE9.4x19x28x37x
LevelPEPriceVs current
Forward14x$48.14—
Cheap15x$41.07-15%
Current18x$48.14—
Fair19x$50.20+4.3%
Expensive24x$63.13+31%

Historical ranges are pointers, not guarantees.

GBCI 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.

GBCI Forward outlook

MetricOutlook
Strongly improving
Strong growth
Growth
Strongly improving
Limited
High

Analysts expect earnings and revenue growth for GBCI, with profitability improving.

BLK Risk to reward

ScenarioChangePrice
Upside+14%$1,392.25
Downside-15%$1,038.38

Calculated from the latest close: $1,216.61 on Nov 12.

BLK trails GBCI on modeled risk to reward, with less potential upside and more potential downside.

GBCI Risk to reward

ScenarioChangePrice
Upside+37%$65.88
Downside-12%$42.20

Calculated from the latest close: $48.14 on Nov 12.

GBCI has a better modeled risk to reward balance than BLK, with more potential upside and less potential downside.

BLK Earnings Per Share

Q4 2023: $36.51Q1 2024: $39.35Q2 2024: $40.28Q3 2024: $40.52Q4 2024: $42.53Q1 2025: $41.69Q2 2025: $41.89Q3 2025: $39.42Q4 2025: $35.31Q1 2026: $39.73Q2 2026: $41.73Q3 2026: $43.87
Q4 2023: $36.51Q1 2024: $39.35Q2 2024: $40.28Q3 2024: $40.52Q4 2024: $42.53Q1 2025: $41.69Q2 2025: $41.89Q3 2025: $39.42Q4 2025: $35.31Q1 2026: $39.73Q2 2026: $41.73Q3 2026: $43.87
QuarterTTM EPSYoY
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.

GBCI Earnings Per Share

Q4 2023: $2.01Q1 2024: $1.75Q2 2024: $1.64Q3 2024: $1.62Q4 2024: $1.67Q1 2025: $1.86Q2 2025: $1.92Q3 2025: $2.04Q4 2025: $1.99Q1 2026: $2.14Q2 2026: $2.44Q3 2026: $2.67Forward: $3.48
Q4 2023: $2.01Q1 2024: $1.75Q2 2024: $1.64Q3 2024: $1.62Q4 2024: $1.67Q1 2025: $1.86Q2 2025: $1.92Q3 2025: $2.04Q4 2025: $1.99Q1 2026: $2.14Q2 2026: $2.44Q3 2026: $2.67Forward: $3.48
QuarterTTM EPSYoY
Forward$3.48+30%
Q3 2026$2.67+31%
Q2 2026$2.44+27%
Q1 2026$2.14+15%
Q4 2025$1.99+19%
Q3 2025$2.04+26%
Q2 2025$1.92+17%
Q1 2025$1.86+6.3%
Q4 2024$1.67-17%

GBCI has the edge over BLK on earnings, with more consistent year-over-year improvement.

BLK Quarterly Revenue

Q4 2023: $4.6BQ1 2024: $4.7BQ2 2024: $4.8BQ3 2024: $5.2BQ4 2024: $5.7BQ1 2025: $5.3BQ2 2025: $5.4BQ3 2025: $6.5BQ4 2025: $7BQ1 2026: $6.7BQ2 2026: $7.1BQ3 2026: $7.8B
Q4 2023: $4.6BQ1 2024: $4.7BQ2 2024: $4.8BQ3 2024: $5.2BQ4 2024: $5.7BQ1 2025: $5.3BQ2 2025: $5.4BQ3 2025: $6.5BQ4 2025: $7BQ1 2026: $6.7BQ2 2026: $7.1BQ3 2026: $7.8B
QuarterRevenueYoY
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's revenue has grown year over year for 13 quarters in a row: $7.8B last quarter, up 19% from the same quarter a year ago.

GBCI Quarterly Revenue

Q4 2023: $197MQ1 2024: $196MQ2 2024: $199MQ3 2024: $215MQ4 2024: $223MQ1 2025: $223MQ2 2025: $241MQ3 2025: $261MQ4 2025: $307MQ1 2026: $307MQ2 2026: $318MQ3 2026: $330M
Q4 2023: $197MQ1 2024: $196MQ2 2024: $199MQ3 2024: $215MQ4 2024: $223MQ1 2025: $223MQ2 2025: $241MQ3 2025: $261MQ4 2025: $307MQ1 2026: $307MQ2 2026: $318MQ3 2026: $330M
QuarterRevenueYoY
Q3 2026$329.8M+27%
Q2 2026$317.5M+32%
Q1 2026$306.8M+38%
Q4 2025$306.5M+37%
Q3 2025$260.7M+21%
Q2 2025$240.6M+21%
Q1 2025$222.6M+13%
Q4 2024$223M+13%

GBCI has the edge over BLK on sales, with stronger typical year-over-year growth.

BLK Free Cash Flow

Q4 2023: $1.9BQ1 2024: −$472MQ2 2024: $1.4BQ3 2024: --Q4 2024: $2.5BQ1 2025: −$1.2BQ2 2025: $1.3BQ3 2025: $1.3BQ4 2025: $2.1BQ1 2026: −$1.1BQ2 2026: $1.1BQ3 2026: $2.6B
Q4 2023: $1.9BQ1 2024: −$472MQ2 2024: $1.4BQ3 2024: --Q4 2024: $2.5BQ1 2025: −$1.2BQ2 2025: $1.3BQ3 2025: $1.3BQ4 2025: $2.1BQ1 2026: −$1.1BQ2 2026: $1.1BQ3 2026: $2.6B
QuarterFree cash flowYoY
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.

GBCI Free Cash Flow

Q4 2023: $151MQ1 2024: −$57MQ2 2024: $63MQ3 2024: $150MQ4 2024: --Q1 2025: $47MQ2 2025: $80MQ3 2025: $105MQ4 2025: $116MQ1 2026: $74MQ2 2026: $112MQ3 2026: $150M
Q4 2023: $151MQ1 2024: −$57MQ2 2024: $63MQ3 2024: $150MQ4 2024: --Q1 2025: $47MQ2 2025: $80MQ3 2025: $105MQ4 2025: $116MQ1 2026: $74MQ2 2026: $112MQ3 2026: $150M
QuarterFree cash flowYoY
Q3 2026$149.8M+43%
Q2 2026$111.7M+40%
Q1 2026$74.4M+59%
Q3 2025$104.8M-30%
Q2 2025$79.5M+27%
Q1 2025$46.8M+$103.5M
Q3 2024$150.1M+15%
Q2 2024$62.7M-48%

GBCI's free cash flow was $452M over the past year, up 19% from the year before. Free cash flow isn't a meaningful measure for financial services companies like GBCI.

BLK Total Shares

Q4 2023: 150MQ1 2024: 150MQ2 2024: 150MQ3 2024: 150MQ4 2024: 152MQ1 2025: 157MQ2 2025: 156MQ3 2025: 165MQ4 2025: 161MQ1 2026: 165MQ2 2026: 165MQ3 2026: 165M
Q4 2023: 150MQ1 2024: 150MQ2 2024: 150MQ3 2024: 150MQ4 2024: 152MQ1 2025: 157MQ2 2025: 156MQ3 2025: 165MQ4 2025: 161MQ1 2026: 165MQ2 2026: 165MQ3 2026: 165M
PeriodChange %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 GBCI on shareholder dilution, with a more favorable share count trend.

GBCI Total Shares

Q4 2023: 111MQ1 2024: 113MQ2 2024: 113MQ3 2024: 113MQ4 2024: 113MQ1 2025: 114MQ2 2025: 117MQ3 2025: 119MQ4 2025: 120MQ1 2026: 130MQ2 2026: 130MQ3 2026: 130M
Q4 2023: 111MQ1 2024: 113MQ2 2024: 113MQ3 2024: 113MQ4 2024: 113MQ1 2025: 114MQ2 2025: 117MQ3 2025: 119MQ4 2025: 120MQ1 2026: 130MQ2 2026: 130MQ3 2026: 130M
PeriodChange %Net change
Quarterly+0.1%+86.3K shares
1 year+10%+11.8M shares
3 years+18%+19.5M shares
5 years+36%+34.8M shares
Available history+48%+42M shares

GBCI has 130M diluted shares, up 10% from a year ago.

BLK Net Leverage

Q4 2023: 0.1xQ1 2024: 0.3xQ2 2024: 0.2xQ3 2025: 0.3xQ4 2025: 0.2xQ1 2026: 0.3xQ2 2026: 0.2xQ3 2026: -0.0x
Q4 2023: 0.1xQ1 2024: 0.3xQ2 2024: 0.2xQ3 2025: 0.3xQ4 2025: 0.2xQ1 2026: 0.3xQ2 2026: 0.2xQ3 2026: -0.0x
QuarterNet LeverageStatus
Q3 2026-0.0xNet Cash
Q2 20260.2xVery low
Q1 20260.3xVery low
Q4 20250.2xVery low
Q3 20250.3xVery low
Q2 20240.2xVery low
Q1 20240.3xVery low
Q4 20230.1xVery low

BLK has more cash than debt. Net leverage isn't a meaningful measure for financial services companies like BLK.

GBCI Net Leverage

Q4 2023: -0.1xQ1 2024: 7.9xQ2 2024: 9.0xQ3 2024: 6.6xQ4 2024: 6.5xQ1 2025: 4.7xQ2 2025: 3.6xQ3 2025: 2.4xQ4 2025: 1.1xQ1 2026: -0.3xQ2 2026: -0.3xQ3 2026: -0.1x
Q4 2023: -0.1xQ1 2024: 7.9xQ2 2024: 9.0xQ3 2024: 6.6xQ4 2024: 6.5xQ1 2025: 4.7xQ2 2025: 3.6xQ3 2025: 2.4xQ4 2025: 1.1xQ1 2026: -0.3xQ2 2026: -0.3xQ3 2026: -0.1x
QuarterNet LeverageStatus
Q3 2026-0.1xNet Cash
Q2 2026-0.3xNet Cash
Q1 2026-0.3xNet Cash
Q4 20251.1xHealthy
Q3 20252.4xModerate
Q2 20253.6xElevated
Q1 20254.7xHigh
Q4 20246.5xHigh

GBCI has the edge over BLK on leverage, with a lower net debt burden relative to earnings.

BLK Weekly Momentum

MetricValueStatus
RSI64.5Neutral
Stochastic79.0Neutral

BLK's weekly RSI is 64 (neutral) and its Stochastic is 79 (neutral).

GBCI Weekly Momentum

MetricValueStatus
RSI53.0Neutral
Stochastic66.4Neutral

GBCI's weekly RSI is 53 (neutral) and its Stochastic is 66 (neutral).

BLK PE vs Financial Services Sector

MetricBLKSector medianRelative
PE28x13x113% above
PE %976334 pts above

BLK is trading at 28x earnings, a 113% premium to the Financial Services sector's median of 13x.

GBCI PE vs Financial Services Sector

MetricGBCISector medianRelative
PE18x13x38% above
PE %396324 pts below

GBCI has the edge over BLK on valuation relative to its sector.

BLK Weekly Moving Averages

Moving averageMA priceRelative
8 week MA$1,128.07.9% above
20 week MA$1,108.99.7% above
50 week MA$1,071.614% above
100 week MA$1,051.116% above
200 week MA$914.133% above

BLK is in an uptrend: it's above all five of its weekly moving averages, and 33% above its 200-week average.

GBCI Weekly Moving Averages

Moving averageMA priceRelative
8 week MA$46.04.7% above
20 week MA$47.70.9% above
50 week MA$47.41.5% above
100 week MA$46.43.8% above
200 week MA$42.713% above

GBCI is in an uptrend: it's above all five of its weekly moving averages, and 13% above its 200-week average.

BLK Yearly ROI

YearStart priceEnd priceROI
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 GBCI on returns for 2026, with the stronger performance.

GBCI Yearly ROI

YearStart priceEnd priceROI
2020$45.9$45.9-0.1%
2021$45.9$56.0+22%
2022$56.0$49.3-12%
2023$49.3$41.3-16%
2024$41.3$50.3+22%
2025$50.3$45.5-9.5%
2026 YTD$45.5$48.1+5.8%

GBCI has finished lower in four of the last six years. It's up 5.8% so far in 2026.

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