BLK
BlackRock, Inc.
BLK's fundamentals are mixed, but it looks expensive: trading at 28x earnings, above its usual 22x.
HASI
HA Sustainable Infrastructure Capital, Inc.
There isn't enough reported data to score HASI yet.
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.
HASI Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| N/A | |
| N/A |
HASI's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like HASI.
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 HASI in the historical PE scenario, which offers more potential upside but is not a forecast.
HASI PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 12x | $38.86 | — |
| Cheap | 17x | $16.68 | -57% |
| Fair | 30x | $30.15 | -22% |
| Current | 38x | $38.86 | — |
| Expensive | 58x | $58.09 | +49% |
Historical ranges are pointers, not guarantees.
HASI's PE is 38x, but its earnings don't support one, so it isn't a reliable read right now.
BLK Forward outlook
There aren't enough analyst estimates for BLK to show an outlook.
HASI Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Growth | |
| -- | |
| Limited | |
| Low |
Analysts expect earnings and revenue growth for HASI, with profitability holding steady. However, they disagree widely on these estimates.
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 HASI on earnings, with more consistent year-over-year improvement.
HASI Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $3.21 | +218% |
| Q3 2026 | $1.01 | -57% |
| Q2 2026 | $0.58 | -64% |
| Q1 2026 | $0.40 | -63% |
| Q4 2025 | $1.41 | -13% |
| Q3 2025 | $2.37 | +27% |
| Q2 2025 | $1.59 | -29% |
| Q1 2025 | $1.08 | -50% |
| Q4 2024 | $1.62 | +14% |
HASI's earnings per share have fallen from their peak: $1.01 over the past year, against $2.37 in late 2025.
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 HASI 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.
HASI Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $114.5M | +11% |
| Q2 2026 | $120.8M | +41% |
| Q1 2026 | $124.2M | +28% |
| Q4 2025 | $114.8M | +13% |
| Q3 2025 | $103.1M | +26% |
| Q2 2025 | $85.7M | -9.3% |
| Q1 2025 | $96.9M | -8.4% |
| Q4 2024 | $101.3M | +17% |
HASI's revenue has grown year over year for five quarters in a row: $114M last quarter, up 11% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 166% | +51 points |
| Q2 2026 | 156% | -4.7 points |
| Q1 2026 | -84% | -169 points |
| Q4 2025 | -57% | -148 points |
| Q3 2025 | 116% | +148 points |
| Q2 2025 | 161% | +122 points |
| Q1 2025 | 85% | -77 points |
| Q4 2024 | 91% | -57 points |
HASI 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 HASI on cash flow, with more consistent year-over-year improvement.
HASI Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $56.2M | +$178M |
| Q2 2026 | $68M | -14% |
| Q1 2026 | $15.6M | +$52.7M |
| Q4 2025 | $246.7M | +$258.9M |
| Q3 2025 | -$121.8M | -655% |
| Q2 2025 | $79.6M | +$104.4M |
| Q1 2025 | -$37.1M | -277% |
| Q4 2024 | -$12.2M | -266% |
HASI's free cash flow was $387M over the past year, against −$92M the year before. Free cash flow isn't a meaningful measure for financial services companies like HASI.
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 HASI 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 |
HASI Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.5% | +687K shares |
| 1 year | +2.8% | +4M shares |
| 3 years | +32% | +34.4M shares |
| 5 years | +81% | +64.2M shares |
| Available history | +122% | +78.8M shares |
HASI has 144M diluted shares, up 2.8% from a year ago.
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 HASI on leverage, with a lower net debt burden relative to earnings.
HASI Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 22.6x | High |
| Q2 2026 | 28.6x | High |
| Q1 2026 | 41.7x | High |
| Q4 2025 | 14.7x | High |
| Q3 2025 | 10.1x | High |
| Q2 2025 | 14.3x | High |
| Q1 2025 | 22.2x | High |
| Q4 2024 | 13.6x | High |
HASI's net debt is more than 20 years of its operating earnings (EBITDA), up from 10 years a year ago. Net leverage isn't a meaningful measure for financial services companies like HASI.
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).
HASI Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 55.0 | Neutral |
| Stochastic | 38.5 | Neutral |
HASI's weekly RSI is 55 (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 has the edge over HASI on valuation relative to its sector.
HASI PE vs Financial Services Sector
| Metric | HASI | Sector median | Relative |
|---|---|---|---|
| PE | 38x | 13x | 196% above |
| PE % | 61 | 63 | 2 pts below |
HASI is trading at 38x earnings, a 196% premium to the Financial Services sector's median of 13x, though its earnings don't support one.
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.
HASI Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $37.1 | 4.7% above |
| 20 week MA | $38.1 | 1.9% above |
| 50 week MA | $37.5 | 3.6% above |
| 100 week MA | $32.8 | 19% above |
| 200 week MA | $30.2 | 29% above |
HASI is in an uptrend: it's above all five of its weekly moving averages, and 29% 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.
HASI Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $32.1 | $65.4 | +103% |
| 2021 | $65.4 | $53.2 | -19% |
| 2022 | $53.2 | $30.2 | -43% |
| 2023 | $30.2 | $27.6 | -8.8% |
| 2024 | $27.6 | $27.4 | -0.7% |
| 2025 | $27.4 | $32.9 | +20% |
| 2026 YTD | $32.9 | $38.9 | +18% |
HASI has the edge over BLK on returns for 2026, with the stronger performance.