BLK
BlackRock, Inc.
BLK's fundamentals are mixed, but it looks expensive: trading at 28x earnings, above its usual 22x.
KWY
Kingsway Corporation
There isn't enough reported data to score KWY yet.
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.
KWY Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Stable | |
| N/A | |
| N/A |
KWY's revenue is currently healthy, and its profitability is stable. Free cash flow and net leverage aren't meaningful measures for financial services companies like KWY.
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.
KWY PE Valuation
KWY 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.
KWY Forward outlook
There aren't enough analyst estimates for KWY to show an outlook.
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 KWY on earnings quality, reporting a profit while its opponent remains loss making.
KWY Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$0.30 | +$0.14 |
| Q2 2026 | -$0.30 | +$0.14 |
| Q1 2026 | -$0.40 | -$0.01 |
| Q4 2025 | -$0.43 | -$0.08 |
| Q3 2025 | -$0.44 | -$0.11 |
| Q2 2025 | -$0.44 | -$0.17 |
| Q1 2025 | -$0.39 | -$0.14 |
| Q4 2024 | -$0.35 | -139% |
KWY is still losing money, but less than at its worst: $0.30 per share over the past year, against $0.56 at its worst in mid-2020.
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 KWY 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 has the edge over KWY on profitability, with a higher operating margin.
KWY Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $38.9M | +4.5% |
| Q2 2026 | $39.4M | +28% |
| Q1 2026 | $39M | +37% |
| Q4 2025 | $38.6M | +30% |
| Q3 2025 | $37.2M | +37% |
| Q2 2025 | $30.9M | +17% |
| Q1 2025 | $28.3M | +8.4% |
| Q4 2024 | $29.6M | +15% |
KWY's revenue has grown year over year for 10 quarters in a row: $39M last quarter, up 4.5% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 1.1% | +3.4 points |
| Q2 2026 | -0.3% | +3.4 points |
| Q1 2026 | 1.2% | +3.8 points |
| Q4 2025 | 0.8% | -5.2 points |
| Q3 2025 | -2.3% | +0.1 points |
| Q2 2025 | -3.6% | -4.1 points |
| Q1 2025 | -2.5% | -5.5 points |
| Q4 2024 | 6% | +6.5 points |
KWY's operating margin was 1.1% last quarter, up 3.4 points from the same quarter a year ago.
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% |
KWY has the stronger cash trend. Its trailing FCF is up 167% versus its history, compared with BLK at up 20%.
KWY Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $754K | +124% |
| Q1 2026 | -$398K | +$1.4M |
| Q4 2025 | -$10K | +$97K |
| Q2 2025 | $337K | -39% |
| Q1 2025 | -$1.8M | -822% |
| Q4 2024 | -$107K | +$16.9M |
| Q3 2024 | $368K | +$1.2M |
| Q2 2024 | $557K | +$2.2M |
KWY's free cash flow was $4M over the past year, against −$1M the year before. Free cash flow isn't a meaningful measure for financial services companies like KWY.
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 KWY 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 |
KWY Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | +7K shares |
| 1 year | +0.4% | +116K shares |
| 3 years | +9.1% | +2.4M shares |
| 5 years | +26% | +5.9M shares |
| Available history | +31% | +6.8M shares |
KWY has 29M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | $345,000 |
| Q4 2024 | — |
KWY hasn't bought back shares in the past year.
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 the edge over KWY on leverage, with a lower net debt burden relative to earnings.
KWY Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 3.7x | Elevated |
| Q2 2026 | 3.6x | Elevated |
| Q1 2026 | 5.5x | High |
| Q4 2025 | 9.1x | High |
| Q3 2025 | 8.1x | High |
| Q2 2025 | 6.9x | High |
| Q1 2025 | 6.8x | High |
| Q4 2024 | 5.8x | High |
KWY's net debt is about 3.7 years of its operating earnings (EBITDA), down from 8.1 years a year ago. Net leverage isn't a meaningful measure for financial services companies like KWY.
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).
KWY Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 43.8 | Neutral |
| Stochastic | 31.3 | Neutral |
KWY's weekly RSI is 44 (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.
KWY PE vs Financial Services Sector
| Metric | KWY | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 13x | — |
KWY has no meaningful PE right now: it lost money over the past year.
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 KWY on trend strength, trading above more of its moving averages.
KWY Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $9.28 | 2.2% below |
| 20 week MA | $9.62 | 5.6% below |
| 50 week MA | $10.8 | 16% below |
| 100 week MA | $11.1 | 18% below |
| 200 week MA | $9.74 | 6.8% below |
KWY is in a downtrend: it's below all five of its weekly moving averages, and 6.8% 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 KWY on returns for 2026, with the stronger performance.
KWY Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $1.88 | $4.57 | +143% |
| 2021 | $4.57 | $5.50 | +20% |
| 2022 | $5.50 | $7.41 | +35% |
| 2023 | $7.41 | $8.40 | +13% |
| 2024 | $8.40 | $8.38 | -0.2% |
| 2025 | $8.38 | $13.9 | +66% |
| 2026 YTD | $13.9 | $9.08 | -35% |
KWY is down 35% so far in 2026, after finishing higher in five of the previous six years.