BLK
BlackRock, Inc.
BLK offers stronger fundamentals, but that advantage does not outweigh its weaker overall profile.
IBCP
Independent Bank Corporation
IBCP has a slight edge over BLK overall, supported by stronger modeled upside and stronger valuation.
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.
IBCP Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| N/A | |
| N/A |
IBCP's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like IBCP.
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.
IBCP PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 6.9x | $23.36 | -36% |
| Fair | 8.4x | $28.55 | -22% |
| Forward | 9.4x | $36.58 | — |
| Expensive | 11x | $36.35 | -0.6% |
| Current | 11x | $36.58 | — |
Historical ranges are pointers, not guarantees.
IBCP 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.
IBCP Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Stable | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for IBCP, with profitability holding steady.
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.
IBCP Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $3.88 | +14% |
| Q3 2026 | $3.40 | +4.3% |
| Q2 2026 | $3.44 | +12% |
| Q1 2026 | $3.35 | +6.7% |
| Q4 2025 | $3.28 | +3.8% |
| Q3 2025 | $3.26 | +11% |
| Q2 2025 | $3.07 | -1.6% |
| Q1 2025 | $3.14 | +6.8% |
| Q4 2024 | $3.16 | +13% |
IBCP 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 IBCP 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.
IBCP Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $71.1M | +24% |
| Q2 2026 | $63.2M | +13% |
| Q1 2026 | $58.9M | +8.9% |
| Q4 2025 | $58.3M | -5.9% |
| Q3 2025 | $57.3M | +12% |
| Q2 2025 | $55.9M | -1% |
| Q1 2025 | $54.1M | +2.6% |
| Q4 2024 | $62M | +26% |
IBCP's revenue is growing: $71M last quarter, up 24% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 30% | -6.7 points |
| Q2 2026 | 36% | -1.1 points |
| Q1 2026 | 34% | -1 points |
| Q4 2025 | 35% | -1.9 points |
| Q3 2025 | 37% | +3.3 points |
| Q2 2025 | 37% | -4 points |
| Q1 2025 | 35% | -2.2 points |
| Q4 2024 | 37% | +0.3 points |
IBCP 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.
IBCP Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $22.1M | +34% |
| Q2 2026 | $16.7M | +0.2% |
| Q1 2026 | -$13.8M | -145% |
| Q4 2025 | $6.4M | -49% |
| Q3 2025 | $16.5M | +5.3% |
| Q2 2025 | $16.7M | +139% |
| Q1 2025 | $30.6M | +52% |
| Q4 2024 | $12.4M | -19% |
IBCP's free cash flow was $31M over the past year, down 59% from the year before. Free cash flow isn't a meaningful measure for financial services companies like IBCP.
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 IBCP 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 |
IBCP Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +7.4% | +1.5M shares |
| 1 year | +7.9% | +1.6M shares |
| 3 years | +6.8% | +1.4M shares |
| 5 years | +3.9% | +831K shares |
| Available history | -2.4% | -547K shares |
IBCP has 22M diluted shares, up 7.9% from a year ago, despite $9M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $4.2M |
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | $4.7M |
| Q3 2025 | $413,000 |
| Q2 2025 | $7.3M |
| Q1 2025 | $33,000 |
| Q4 2024 | — |
IBCP spent $9M buying back its own shares over the past year, up 13% from the year before.
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.
IBCP Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -1.9x | Net Cash |
| Q2 2026 | -0.4x | Net Cash |
| Q1 2026 | -1.6x | Net Cash |
| Q4 2025 | 0.2x | Very low |
| Q3 2025 | -2.2x | Net Cash |
| Q2 2025 | -0.1x | Net Cash |
| Q1 2025 | -0.5x | Net Cash |
| Q4 2024 | 0.1x | Very low |
IBCP 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).
IBCP Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 53.3 | Neutral |
| Stochastic | 43.7 | Neutral |
IBCP's weekly RSI is 53 (neutral) and its Stochastic is 44 (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.
IBCP PE vs Financial Services Sector
| Metric | IBCP | Sector median | Relative |
|---|---|---|---|
| PE | 11x | 13x | 17% below |
| PE % | 85 | 63 | 22 pts above |
IBCP 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 IBCP on trend strength, trading above more of its moving averages.
IBCP Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $36.2 | 1% above |
| 20 week MA | $36.7 | 0.4% below |
| 50 week MA | $35.3 | 3.8% above |
| 100 week MA | $33.7 | 8.5% above |
| 200 week MA | $29.1 | 26% above |
IBCP's trend is mixed: it's above four of its five weekly moving averages, and 26% 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 the edge over IBCP on returns for 2026, with the stronger performance.
IBCP Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $22.6 | $18.6 | -18% |
| 2021 | $18.6 | $23.3 | +25% |
| 2022 | $23.3 | $24.2 | +4% |
| 2023 | $24.2 | $26.0 | +7.4% |
| 2024 | $26.0 | $34.7 | +33% |
| 2025 | $34.7 | $33.1 | -4.5% |
| 2026 YTD | $33.1 | $36.6 | +10% |
IBCP has finished higher in four of the last six years. It's up 10% so far in 2026.