BLK
BlackRock, Inc.
BLK trails on the overall score without a compensating advantage in the available component scores.
IBKR
Interactive Brokers Group, Inc.
IBKR has the edge over BLK overall, supported by stronger modeled upside 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.
IBKR Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| N/A | |
| N/A |
IBKR's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like IBKR.
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.
IBKR PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 19x | $50.15 | -38% |
| Fair | 23x | $60.78 | -25% |
| Forward | 26x | $81.33 | — |
| Current | 31x | $81.33 | — |
| Expensive | 32x | $84.00 | +3.3% |
Historical ranges are pointers, not guarantees.
IBKR 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.
IBKR Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Strong growth | |
| Strong growth | |
| Improving | |
| Limited | |
| High |
Analysts expect strong earnings and revenue growth for IBKR, 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.
IBKR Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $3.18 | +22% |
| Q3 2026 | $2.60 | +25% |
| Q2 2026 | $2.50 | +31% |
| Q1 2026 | $2.33 | +29% |
| Q4 2025 | $2.22 | +28% |
| Q3 2025 | $2.08 | +30% |
| Q2 2025 | $1.91 | +21% |
| Q1 2025 | $1.81 | +23% |
| Q4 2024 | $1.73 | +22% |
IBKR 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 IBKR on sales, with stronger typical year-over-year growth.
| 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.
IBKR Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.9B | +16% |
| Q2 2026 | $1.9B | +28% |
| Q1 2026 | $1.7B | +17% |
| Q4 2025 | $1.6B | +18% |
| Q3 2025 | $1.7B | +21% |
| Q2 2025 | $1.5B | +20% |
| Q1 2025 | $1.4B | +19% |
| Q4 2024 | $1.4B | +22% |
IBKR's revenue has grown year over year for 17 quarters in a row: $1.9B last quarter, up 16% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 78% | -1.1 points |
| Q2 2026 | 77% | +2.2 points |
| Q1 2026 | 77% | +3.2 points |
| Q4 2025 | 79% | +4.1 points |
| Q3 2025 | 79% | +13 points |
| Q2 2025 | 75% | +3 points |
| Q1 2025 | 74% | +1.9 points |
| Q4 2024 | 75% | +3.3 points |
IBKR 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 IBKR on cash flow, with more consistent year-over-year improvement.
IBKR Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $858M | -81% |
| Q2 2026 | $6.2B | -13% |
| Q1 2026 | $3.6B | +40% |
| Q4 2025 | $1.6B | -12% |
| Q3 2025 | $4.5B | +25% |
| Q2 2025 | $7.1B | +340% |
| Q1 2025 | $2.6B | +54% |
| Q4 2024 | $1.8B | -22% |
IBKR's free cash flow was $12.3B over the past year, down 23% from the year before. Free cash flow isn't a meaningful measure for financial services companies like IBKR.
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 IBKR 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 |
IBKR Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.9% | +3.8M shares |
| 1 year | +1.7% | +7.4M shares |
| 3 years | +6% | +25.9M shares |
| 5 years | +17% | +66M shares |
| Available history | +48% | +147M shares |
IBKR has 454M diluted shares, up 1.7% 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 more cash than debt. Net leverage isn't a meaningful measure for financial services companies like BLK.
IBKR Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -1.1x | Net Cash |
| Q2 2026 | -1.4x | Net Cash |
| Q1 2026 | -1.0x | Net Cash |
| Q4 2025 | -1.0x | Net Cash |
| Q3 2025 | -1.1x | Net Cash |
| Q2 2025 | -1.1x | Net Cash |
| Q1 2025 | -0.9x | Net Cash |
| Q4 2024 | -1.0x | Net Cash |
IBKR 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).
IBKR Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 45.8 | Neutral |
| Stochastic | 19.1 | Oversold |
IBKR's weekly RSI is 46 (neutral) and its Stochastic is 19 (oversold).
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 IBKR on valuation relative to its sector.
IBKR PE vs Financial Services Sector
| Metric | IBKR | Sector median | Relative |
|---|---|---|---|
| PE | 31x | 13x | 140% above |
| PE % | 79 | 63 | 16 pts above |
IBKR is trading at 31x earnings, a 140% premium to the Financial Services sector's median of 13x.
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 IBKR on trend strength, trading above more of its moving averages.
IBKR Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $82.8 | 1.8% below |
| 20 week MA | $88.1 | 7.7% below |
| 50 week MA | $80.4 | 1.1% above |
| 100 week MA | $68.0 | 20% above |
| 200 week MA | $47.1 | 73% above |
IBKR has pulled back, but its long-term trend is still up: it's below its 8- and 20-week averages, but 73% 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.
IBKR Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $11.8 | $15.3 | +30% |
| 2021 | $15.3 | $20.0 | +31% |
| 2022 | $20.0 | $18.4 | -7.9% |
| 2023 | $18.4 | $20.7 | +12% |
| 2024 | $20.7 | $44.8 | +116% |
| 2025 | $44.8 | $66.2 | +48% |
| 2026 YTD | $66.2 | $81.3 | +23% |
IBKR has the edge over BLK on returns for 2026, with the stronger performance.