BLK
BlackRock, Inc.
BLK trails on the overall score without a compensating advantage in the available component scores.
LPLA
LPL Financial Holdings Inc.
LPLA has the edge over BLK overall, supported by stronger valuation and stronger modeled upside.
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.
LPLA Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| N/A | |
| N/A |
LPLA's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like LPLA.
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 has the edge over LPLA in the historical PE scenario, which offers more potential upside but is not a forecast.
LPLA PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 10x | $292 | — |
| Cheap | 15x | $264 | -9.6% |
| Current | 17x | $292 | — |
| Fair | 24x | $417 | +43% |
| Expensive | 30x | $516 | +77% |
Historical ranges are pointers, not guarantees.
LPLA's PE is in its cheap range at 17x. If earnings grow as analysts expect, today's price would be 10x next year's earnings.
BLK Forward outlook
There aren't enough analyst estimates for BLK to show an outlook.
LPLA Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for LPLA, 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 has the edge over LPLA on earnings, with stronger typical year-over-year growth.
LPLA Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $27.87 | +61% |
| Q3 2026 | $17.34 | +60% |
| Q2 2026 | $12.45 | -15% |
| Q1 2026 | $11.11 | -23% |
| Q4 2025 | $10.92 | -22% |
| Q3 2025 | $10.85 | -19% |
| Q2 2025 | $14.61 | +14% |
| Q1 2025 | $14.44 | +8.7% |
| Q4 2024 | $14.03 | +2.5% |
LPLA earned $17.34 per share over the past year, up 60% from the year before.
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's revenue has grown year over year for 13 quarters in a row: $7.8B last quarter, up 19% from the same quarter a year ago.
| 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 LPLA on profitability, with a higher operating margin.
LPLA Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $5.3B | +17% |
| Q2 2026 | $5.2B | +35% |
| Q1 2026 | $4.9B | +35% |
| Q4 2025 | $4.9B | +40% |
| Q3 2025 | $4.6B | +46% |
| Q2 2025 | $3.8B | +31% |
| Q1 2025 | $3.7B | +30% |
| Q4 2024 | $3.5B | +33% |
LPLA has the edge over BLK on sales, with stronger typical year-over-year growth.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 9.1% | +9.8 points |
| Q2 2026 | 9.9% | +0.3 points |
| Q1 2026 | 9.8% | -1.6 points |
| Q4 2025 | 8.1% | -1.7 points |
| Q3 2025 | -0.8% | -12 points |
| Q2 2025 | 9.6% | -1.6 points |
| Q1 2025 | 11% | -1.8 points |
| Q4 2024 | 9.7% | -1.4 points |
LPLA's operating margin was 9.1% last quarter, up 9.8 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% |
BLK has the edge over LPLA on cash flow, with more consistent year-over-year improvement.
LPLA Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $67.5M | +$1.9B |
| Q2 2026 | $202.5M | +260% |
| Q1 2026 | $124.6M | -43% |
| Q4 2025 | $613.3M | +$957.6M |
| Q3 2025 | -$1.9B | -3106% |
| Q2 2025 | $56.3M | +$364.1M |
| Q1 2025 | $220.3M | -28% |
| Q4 2024 | -$344.3M | -1038% |
LPLA's free cash flow was $1B over the past year, against −$1.9B the year before. Free cash flow isn't a meaningful measure for financial services companies like LPLA.
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 |
LPLA Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.3% | -1.1M shares |
| 1 year | -1.7% | -1.4M shares |
| 3 years | +2.4% | +1.8M shares |
| 5 years | -3.5% | -2.9M shares |
| Available history | -6.7% | -5.7M shares |
LPLA has the edge over BLK on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $300.6M |
| Q2 2026 | $309.5M |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | $240,000 |
| Q1 2025 | $100.2M |
| Q4 2024 | $100.1M |
LPLA spent $610M buying back its own shares over the past year, about three times what it spent 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 the edge over LPLA on leverage, with a lower net debt burden relative to earnings.
LPLA Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 2.9x | Moderate |
| Q2 2026 | 3.5x | Elevated |
| Q1 2026 | 3.8x | Elevated |
| Q4 2025 | 4.0x | High |
| Q3 2025 | 4.2x | High |
| Q2 2025 | 1.6x | Healthy |
| Q1 2025 | 2.5x | Moderate |
| Q4 2024 | 2.7x | Moderate |
LPLA's net debt is about 2.9 years of its operating earnings (EBITDA), down from 4.2 years a year ago. Net leverage isn't a meaningful measure for financial services companies like LPLA.
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).
LPLA Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 41.0 | Neutral |
| Stochastic | 20.0 | Neutral |
LPLA's weekly RSI is 41 (neutral) and its Stochastic is 20 (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.
LPLA PE vs Financial Services Sector
| Metric | LPLA | Sector median | Relative |
|---|---|---|---|
| PE | 17x | 13x | 29% above |
| PE % | 27 | 63 | 36 pts below |
LPLA 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 LPLA on trend strength, trading above more of its moving averages.
LPLA Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $308.7 | 5.3% below |
| 20 week MA | $329.8 | 11% below |
| 50 week MA | $326.3 | 10% below |
| 100 week MA | $339.2 | 14% below |
| 200 week MA | $289.8 | 0.9% above |
LPLA has fallen below most of its moving averages, though it's still 0.9% 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 LPLA on returns for 2026, with the stronger performance.
LPLA Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $92.6 | $103.8 | +12% |
| 2021 | $103.8 | $162.6 | +57% |
| 2022 | $162.6 | $215.8 | +33% |
| 2023 | $215.8 | $227.6 | +5.5% |
| 2024 | $227.6 | $331.9 | +46% |
| 2025 | $331.9 | $372.2 | +12% |
| 2026 YTD | $372.2 | $292.3 | -21% |
LPLA has finished every year since 2020 higher, and it's down 21% so far in 2026.