BLK
BlackRock, Inc.
BLK has lower modeled downside risk, despite its lower overall score.
HLNE
Hamilton Lane Incorporated
HLNE has the edge over BLK overall, supported by stronger valuation and stronger fundamentals.
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.
HLNE Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| N/A | |
| N/A |
HLNE's revenue and profitability are currently strong. Free cash flow and net leverage aren't meaningful measures for financial services companies like HLNE.
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's PE is in its expensive range at 28x.
HLNE PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 13x | $93.88 | — |
| Current | 14x | $93.88 | — |
| Cheap | 17x | $116 | +24% |
| Fair | 27x | $179 | +91% |
| Expensive | 37x | $249 | +165% |
Historical ranges are pointers, not guarantees.
HLNE 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.
HLNE Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Strong growth | |
| Growth | |
| Improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for HLNE, 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.
HLNE Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $7.30 | +8.4% |
| Q3 2026 | $6.74 | +22% |
| Q2 2026 | $6.56 | +26% |
| Q1 2026 | $5.91 | +9.6% |
| Q4 2025 | $5.57 | +1.6% |
| Q4 2021 | $4.59 | +89% |
| Q3 2021 | $4.15 | +115% |
| Q2 2021 | $3.40 | +86% |
| Q1 2021 | $2.73 | +28% |
HLNE 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 HLNE 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.
HLNE Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $204.4M | +7.1% |
| Q2 2026 | $275.3M | +56% |
| Q1 2026 | $193.6M | -2.2% |
| Q4 2025 | $198.6M | +18% |
| Q3 2025 | $190.9M | +27% |
| Q2 2025 | $176M | -11% |
| Q1 2025 | $198M | +18% |
| Q2 2024 | $196.7M | +57% |
HLNE's revenue is growing: $204M last quarter, up 7.1% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 87% | +46 points |
| Q2 2026 | 46% | +2.2 points |
| Q1 2026 | 42% | 0 points |
| Q4 2025 | 43% | -1.7 points |
| Q3 2025 | 42% | -3 points |
| Q2 2025 | 44% | -1.8 points |
| Q1 2025 | 42% | -2.5 points |
| Q4 2024 | 45% | N/A |
HLNE 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.
HLNE Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $22.8M | -81% |
| Q2 2026 | $98.9M | -22% |
| Q1 2026 | $101.2M | +182% |
| Q4 2025 | $72.4M | +23% |
| Q3 2025 | $120.1M | +3.7% |
| Q2 2025 | $127.6M | +63% |
| Q1 2025 | $35.8M | +78% |
| Q2 2024 | $78.2M | 0% |
HLNE has the edge over BLK on cash flow, with more consistent year-over-year improvement.
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 HLNE 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 |
HLNE Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +2.5% | +1.3M shares |
| 1 year | +2.3% | +1.3M shares |
| 3 years | +3.8% | +2M shares |
| 5 years | +60% | +21M shares |
| Available history | +88% | +26.1M shares |
HLNE has 56M diluted shares, up 2.3% from a year ago.
| Quarter | Spent |
|---|---|
| Q2 2026 | $50.6M |
| Q1 2026 | $23.2M |
| Q4 2025 | $595,000 |
| Q3 2025 | $835,000 |
| Q2 2025 | $7,000 |
| Q1 2025 | $252.9M |
| Q4 2024 | $72,000 |
| Q3 2024 | $391,000 |
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.
HLNE Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.1x | Net Cash |
| Q2 2026 | 0.1x | Very low |
| Q1 2026 | -0.0x | Net Cash |
| Q4 2025 | 0.0x | Very low |
| Q3 2025 | 0.5x | Very low |
| Q2 2025 | 0.1x | Very low |
| Q1 2025 | 0.2x | Very low |
| Q4 2024 | 0.1x | Very low |
HLNE 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).
HLNE Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 51.3 | Neutral |
| Stochastic | 31.1 | Neutral |
HLNE's weekly RSI is 51 (neutral) and its Stochastic is 31 (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.
HLNE PE vs Financial Services Sector
| Metric | HLNE | Sector median | Relative |
|---|---|---|---|
| PE | 14x | 13x | 7% above |
| PE % | 4 | 63 | 59 pts below |
HLNE 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 HLNE on trend strength, trading above more of its moving averages.
HLNE Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $86.3 | 8.8% above |
| 20 week MA | $90.6 | 3.6% above |
| 50 week MA | $101.7 | 7.7% below |
| 100 week MA | $123.8 | 24% below |
| 200 week MA | $117.2 | 20% below |
HLNE has bounced recently, but its long-term trend is still down: it's above its 8- and 20-week averages, but 20% 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 HLNE on returns for 2026, with the stronger performance.
HLNE Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $61.2 | $78.7 | +29% |
| 2021 | $78.7 | $103.7 | +32% |
| 2022 | $103.7 | $65.5 | -37% |
| 2023 | $65.5 | $113.4 | +73% |
| 2024 | $113.4 | $151.6 | +34% |
| 2025 | $151.6 | $138.5 | -8.6% |
| 2026 YTD | $138.5 | $93.9 | -32% |
HLNE is down 32% so far in 2026, after finishing higher in four of the previous six years.