BLK
BlackRock, Inc.
BLK offers stronger fundamentals, but that advantage does not outweigh its weaker overall profile.
GBLI
Global Indemnity Group, LLC
GBLI has the 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.
GBLI Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| N/A | |
| N/A |
GBLI'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 GBLI.
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 GBLI in the historical PE scenario, which offers more potential upside but is not a forecast.
GBLI PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 10x | $22.15 | — |
| Cheap | 12x | $25.56 | +15% |
| Fair | 15x | $31.97 | +44% |
| Expensive | 47x | $100 | +352% |
Historical ranges are pointers, not guarantees.
GBLI's PE is in its cheap range at 10x.
BLK Forward outlook
There aren't enough analyst estimates for BLK to show an outlook.
GBLI Forward outlook
There aren't enough analyst estimates for GBLI to show an outlook.
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 GBLI on earnings, with stronger typical year-over-year growth.
GBLI Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | $2.14 | +11% |
| Q2 2026 | $2.39 | +21% |
| Q1 2026 | $2.34 | +17% |
| Q4 2025 | $1.75 | -44% |
| Q3 2025 | $1.92 | -34% |
| Q2 2025 | $1.98 | -22% |
| Q1 2025 | $2.00 | -19% |
| Q4 2024 | $3.12 | +70% |
GBLI's earnings per share have fallen from their peak: $2.14 over the past year, against $4.88 in late 2019.
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 GBLI 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 has the edge over GBLI on profitability, with a higher operating margin.
GBLI Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $112.9M | -1.1% |
| Q2 2026 | $116.1M | +5.1% |
| Q1 2026 | $109.2M | +0.5% |
| Q4 2025 | $116.7M | +7.6% |
| Q3 2025 | $114.2M | +2.2% |
| Q2 2025 | $110.5M | +1.7% |
| Q1 2025 | $108.7M | -3.2% |
| Q4 2024 | $108.4M | -0.7% |
GBLI's revenue fell from its 2022 peak and has held roughly level since: $113M last quarter, down 1.1% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 10% | -3.8 points |
| Q2 2026 | 12% | +0.5 points |
| Q1 2026 | 5% | +9.7 points |
| Q4 2025 | 7.9% | -3.3 points |
| Q3 2025 | 14% | -0.1 points |
| Q2 2025 | 12% | +0.2 points |
| Q1 2025 | -4.7% | -17 points |
| Q4 2024 | 11% | +3.2 points |
GBLI's operating margin was 10% last quarter, down 3.8 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 GBLI on cash generation, producing positive trailing cash flow while its opponent burns cash.
GBLI Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $12.1M | +112% |
| Q2 2026 | -$15.8M | -326% |
| Q1 2026 | -$17.9M | -845% |
| Q4 2025 | -$6M | +$7.4M |
| Q3 2025 | $5.7M | -63% |
| Q2 2025 | $7M | -51% |
| Q1 2025 | $2.4M | -89% |
| Q4 2024 | -$13.4M | -319% |
GBLI's free cash flow was −$28M over the past year, against $2M the year before. Free cash flow isn't a meaningful measure for financial services companies like GBLI.
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 GBLI 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 |
GBLI Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.2% | +32.8K shares |
| 1 year | +0.7% | +101K shares |
| 3 years | +4.7% | +644K shares |
| 5 years | +0.1% | +13.2K shares |
| Available history | +0.9% | +124K shares |
GBLI has 14M diluted shares, up 0.7% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
| Q2 2024 | $529,000 |
| Q1 2024 | — |
| Q4 2023 | — |
| Q3 2023 | — |
| Q2 2023 | $6.1M |
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.
GBLI Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -3.7x | Net Cash |
| Q2 2026 | -1.9x | Net Cash |
| Q1 2026 | -0.7x | Net Cash |
| Q4 2025 | -1.7x | Net Cash |
| Q3 2025 | -1.8x | Net Cash |
| Q2 2025 | -1.6x | Net Cash |
| Q1 2025 | -2.0x | Net Cash |
| Q4 2024 | -0.3x | Net Cash |
GBLI 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).
GBLI Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 32.5 | Neutral |
| Stochastic | 27.2 | Neutral |
GBLI's weekly RSI is 32 (neutral) and its Stochastic is 27 (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.
GBLI PE vs Financial Services Sector
| Metric | GBLI | Sector median | Relative |
|---|---|---|---|
| PE | 10x | 13x | 21% below |
| PE % | 7 | 63 | 56 pts below |
GBLI 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 GBLI on trend strength, trading above more of its moving averages.
GBLI Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $23.8 | 6.9% below |
| 20 week MA | $26.1 | 15% below |
| 50 week MA | $27.1 | 18% below |
| 100 week MA | $29.4 | 25% below |
| 200 week MA | $30.6 | 28% below |
GBLI is in a downtrend: it's below all five of its weekly moving averages, and 28% 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 GBLI on returns for 2026, with the stronger performance.
GBLI Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $29.0 | $27.9 | -4% |
| 2021 | $27.9 | $25.1 | -10% |
| 2022 | $25.1 | $23.6 | -5.8% |
| 2023 | $23.6 | $32.2 | +37% |
| 2024 | $32.2 | $35.7 | +11% |
| 2025 | $35.7 | $27.9 | -22% |
| 2026 YTD | $27.9 | $22.2 | -21% |
GBLI has finished lower in four of the last six years. It's down 21% so far in 2026.