BLK
BlackRock, Inc.
BLK offers stronger fundamentals, but that advantage does not outweigh its weaker overall profile.
HBNC
Horizon Bancorp, Inc.
HBNC 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.
HBNC Fundamentals
| Metric | Status |
|---|---|
| Unavailable | |
| Strong | |
| N/A | |
| N/A |
HBNC's profitability is currently strong. There isn't enough data to rate its revenue. Free cash flow and net leverage aren't meaningful measures for financial services companies like HBNC.
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 HBNC in the historical PE scenario, which offers more potential upside but is not a forecast.
HBNC PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 6.8x | $13.59 | -36% |
| Forward | 9.6x | $21.19 | — |
| Fair | 10x | $20.01 | -5.6% |
| Current | 11x | $21.19 | — |
| Expensive | 19x | $38.49 | +82% |
Historical ranges are pointers, not guarantees.
HBNC's PE is in its fair range at 11x. If earnings grow as analysts expect, today's price would be 9.6x next year's earnings.
BLK Forward outlook
There aren't enough analyst estimates for BLK to show an outlook.
HBNC Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for HBNC, 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% |
HBNC has the stronger earnings trend. Trailing diluted EPS is up 11% for BLK versus HBNC up 326%.
HBNC Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.20 | +10% |
| Q2 2025 | $1.17 | +172% |
| Q1 2025 | $1.02 | +89% |
| Q4 2024 | $0.80 | +25% |
| Q3 2024 | $0.47 | -72% |
| Q2 2024 | $0.43 | -77% |
| Q1 2024 | $0.54 | -73% |
| Q4 2023 | $0.64 | -70% |
| Q3 2023 | $1.70 | -21% |
HBNC earned $2.00 per share over the past year, about four times what it earned the year before.
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 stronger quarterly revenue trend. Revenue is up 19% for BLK versus up 16% for HBNC.
| 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.
HBNC Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $75.5M | +14% |
| Q1 2026 | $73.5M | +6.9% |
| Q4 2025 | $74.9M | +210% |
| Q2 2025 | $66.3M | +19% |
| Q1 2025 | $68.8M | +29% |
| Q4 2024 | $24.2M | +11% |
| Q3 2024 | $58.4M | +8.3% |
| Q2 2024 | $55.8M | -2.4% |
HBNC's revenue has grown year over year for eight quarters in a row: $77M last quarter, up 16% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 44% | N/A |
| Q2 2026 | 41% | +3.9 points |
| Q1 2026 | 44% | +3.2 points |
| Q4 2025 | 44% | +134 points |
| Q2 2025 | 37% | +8.4 points |
| Q1 2025 | 41% | +12 points |
| Q4 2024 | -91% | -4.5 points |
| Q3 2024 | 31% | -1.4 points |
HBNC 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% |
HBNC has the stronger cash trend. Its trailing FCF is up 52% versus its history, compared with BLK at up 20%.
HBNC Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $31.3M | +73% |
| Q1 2026 | $20.7M | +47% |
| Q4 2025 | $32.6M | +$82.8M |
| Q2 2025 | $18.1M | +20% |
| Q1 2025 | $14.1M | +163% |
| Q4 2024 | -$50.2M | -468% |
| Q3 2024 | $31M | +8.1% |
| Q2 2024 | $15.1M | +7.1% |
HBNC's free cash flow was $111M over the past year, about nine times what it generated the year before. Free cash flow isn't a meaningful measure for financial services companies like HBNC.
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 HBNC 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 |
HBNC Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.1% | +53.7K shares |
| 1 year | +17% | +7.3M shares |
| 3 years | +17% | +7.6M shares |
| 5 years | +16% | +7.2M shares |
| Available history | +14% | +6.3M shares |
HBNC has 51M diluted shares, up 17% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2022 | — |
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.
HBNC Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -1.5x | Net Cash |
| Q2 2025 | -2.4x | Net Cash |
| Q1 2025 | -3.4x | Net Cash |
| Q4 2024 | 24.9x | High |
| Q3 2024 | -5.7x | Net Cash |
| Q2 2024 | -3.6x | Net Cash |
| Q1 2024 | -6.0x | Net Cash |
| Q4 2023 | 16.6x | High |
HBNC 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).
HBNC Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 66.5 | Neutral |
| Stochastic | 76.2 | Neutral |
HBNC's weekly RSI is 67 (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.
HBNC PE vs Financial Services Sector
| Metric | HBNC | Sector median | Relative |
|---|---|---|---|
| PE | 11x | 13x | 19% below |
| PE % | 60 | 63 | 3 pts below |
HBNC 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.
HBNC Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $20.1 | 5.6% above |
| 20 week MA | $20.0 | 6% above |
| 50 week MA | $18.7 | 14% above |
| 100 week MA | $17.2 | 23% above |
| 200 week MA | $15.0 | 41% above |
HBNC is in an uptrend: it's above all five of its weekly moving averages, and 41% 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.
HBNC Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $19.0 | $15.6 | -18% |
| 2021 | $15.6 | $20.7 | +33% |
| 2022 | $20.7 | $15.2 | -26% |
| 2023 | $15.2 | $14.3 | -6% |
| 2024 | $14.3 | $16.1 | +12% |
| 2025 | $16.1 | $17.5 | +8.5% |
| 2026 YTD | $17.5 | $21.2 | +21% |
HBNC has the edge over BLK on returns for 2026, with the stronger performance.