BLK
BlackRock, Inc.
BLK has the edge over JRVR overall, supported by stronger fundamentals and lower modeled downside.
JRVR
James River Group Holdings, Ltd.
JRVR offers stronger valuation, but that advantage does not outweigh its weaker overall profile.
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.
JRVR Fundamentals
| Metric | Status |
|---|---|
| Under pressure | |
| Weak | |
| N/A | |
| N/A |
JRVR's revenue and profitability are currently under pressure. Free cash flow and net leverage aren't meaningful measures for financial services companies like JRVR.
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.
JRVR PE Valuation
JRVR has no meaningful PE right now: it lost money over the past year.
BLK Forward outlook
There aren't enough analyst estimates for BLK to show an outlook.
JRVR Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Decline | |
| Decline | |
| Weakening | |
| Limited | |
| Low |
Analysts expect JRVR's earnings and revenue to decline, with profitability weakening. 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 JRVR on earnings quality, reporting a profit while its opponent remains loss making.
JRVR Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.91 | — |
| Q3 2026 | -$3.62 | -$1.38 |
| Q2 2026 | $0.44 | +$3.76 |
| Q1 2026 | $0.40 | +$3.65 |
| Q4 2025 | $0.79 | +$3.85 |
| Q3 2025 | -$2.24 | +$1.81 |
| Q2 2025 | -$3.32 | -$0.82 |
| Q1 2025 | -$3.25 | -$0.97 |
| Q4 2024 | -$3.06 | -$0.61 |
JRVR is still losing money, but less than at its worst: $3.62 per share over the past year, against $4.94 at its worst in late 2021.
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 JRVR 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 has the edge over JRVR on profitability, with a higher operating margin.
JRVR Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $147.7M | -14% |
| Q2 2026 | $161.3M | -7.7% |
| Q1 2026 | $151.4M | -12% |
| Q4 2025 | $167.7M | +32% |
| Q3 2025 | $172.7M | -9.8% |
| Q2 2025 | $174.8M | -7.1% |
| Q1 2025 | $172.3M | -14% |
| Q4 2024 | $126.7M | -42% |
JRVR's revenue fell from its 2019 peak and has held roughly level since: $148M last quarter, down 14% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -128% | -129 points |
| Q2 2026 | 5.2% | +1 points |
| Q1 2026 | -7% | -16 points |
| Q4 2025 | 15% | +72 points |
| Q3 2025 | 1.5% | +29 points |
| Q2 2025 | 4.2% | -6.5 points |
| Q1 2025 | 9.3% | -7.1 points |
| Q4 2024 | -57% | -70 points |
JRVR's operating margin was −128% last quarter, down 129 points from the same quarter a year ago, near the bottom of its range since 2019.
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 JRVR on cash generation, producing positive trailing cash flow while its opponent burns cash.
JRVR Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$39.8M | -218% |
| Q2 2026 | -$5.9M | -124% |
| Q1 2026 | -$766K | +$51.9M |
| Q4 2025 | -$29.3M | -718% |
| Q3 2025 | $33.7M | +$304.4M |
| Q2 2025 | $24.7M | +$34M |
| Q1 2025 | -$52.7M | -326% |
| Q4 2024 | $4.7M | +$17.7M |
JRVR's free cash flow was −$76M over the past year, against $10M the year before. Free cash flow isn't a meaningful measure for financial services companies like JRVR.
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 165M diluted shares, about the same as a year ago.
| 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 |
JRVR Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.3% | -623K shares |
| 1 year | -0.8% | -387K shares |
| 3 years | +22% | +8.5M shares |
| 5 years | +34% | +11.8M shares |
| Available history | +51% | +15.7M shares |
JRVR has the edge over BLK on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q1 2023 | $1.5M |
| Q4 2022 | $363,000 |
| Q3 2022 | — |
| Q2 2022 | $19,000 |
| Q1 2022 | $922,000 |
| Q4 2021 | $315,000 |
| Q3 2021 | — |
| Q2 2021 | $209,000 |
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.
JRVR Net Leverage
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).
JRVR Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 30.4 | Neutral |
| Stochastic | 26.1 | Neutral |
JRVR's weekly RSI is 30 (neutral) and its Stochastic is 26 (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.
JRVR PE vs Financial Services Sector
| Metric | JRVR | Sector median | Relative |
|---|---|---|---|
| PE | 8.8x | 13x | 32% below |
| PE % | 22 | 63 | 41 pts below |
JRVR 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 JRVR on trend strength, trading above more of its moving averages.
JRVR Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $3.67 | 14% below |
| 20 week MA | $4.05 | 22% below |
| 50 week MA | $5.12 | 39% below |
| 100 week MA | $5.13 | 39% below |
| 200 week MA | $8.78 | 64% below |
JRVR is in a downtrend: it's below all five of its weekly moving averages, and 64% 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 JRVR on returns for 2026, with the stronger performance.
JRVR Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $41.5 | $48.9 | +18% |
| 2021 | $48.9 | $27.1 | -44% |
| 2022 | $27.1 | $22.1 | -19% |
| 2023 | $22.1 | $9.24 | -58% |
| 2024 | $9.24 | $4.84 | -48% |
| 2025 | $4.84 | $6.39 | +32% |
| 2026 YTD | $6.39 | $3.14 | -51% |
JRVR has finished lower in four of the last six years. It's down 51% so far in 2026.