BLK
BlackRock, Inc.
BLK's fundamentals are mixed, but it looks expensive: trading at 28x earnings, above its usual 22x.
MHNC
Maiden Holdings North America, Ltd.
There isn't enough reported data to score MHNC 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.
MHNC Fundamentals
| Metric | Status |
|---|---|
| Weak | |
| Under pressure | |
| N/A | |
| N/A |
MHNC's revenue and profitability are currently under pressure. Free cash flow and net leverage aren't meaningful measures for financial services companies like MHNC.
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.
MHNC PE Valuation
MHNC 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.
MHNC Forward outlook
There aren't enough analyst estimates for MHNC 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 stronger earnings trend. Trailing diluted EPS is up 11% for BLK versus MHNC down 142%.
MHNC Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q1 2025 | -$0.11 | +$0.15 |
| Q4 2024 | -$0.01 | +$0.37 |
| Q3 2024 | -$0.65 | +$0.33 |
| Q2 2024 | -$0.33 | +$0.71 |
| Q1 2024 | -$0.26 | +$0.46 |
| Q4 2023 | -$0.38 | +$0.25 |
| Q3 2023 | -$0.98 | -333% |
| Q2 2023 | -$1.04 | -317% |
MHNC is still losing money, but far less than before: $0.11 per share over the past year, against $7.60 at its worst in mid-2019.
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 stronger quarterly revenue trend. Revenue is up 19% for BLK versus down 51% for MHNC.
| 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.
MHNC Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q1 2025 | $14M | -51% |
| Q3 2024 | $14.5M | -33% |
| Q2 2024 | $20.5M | -10% |
| Q1 2024 | $28.9M | +48% |
| Q4 2023 | $25.2M | +160% |
| Q3 2023 | $21.8M | +23% |
| Q2 2023 | $22.8M | +10% |
| Q1 2023 | $19.5M | +94% |
MHNC's revenue has slid since its 2018 peak: $14M last quarter, down 51% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q1 2025 | -42% | -45 points |
| Q3 2024 | -243% | -217 points |
| Q2 2024 | -54% | -19 points |
| Q1 2024 | 3% | +61 points |
| Q4 2023 | -84% | +471 points |
| Q3 2023 | -26% | +18 points |
| Q2 2023 | -35% | -51 points |
| Q1 2023 | -58% | -39 points |
MHNC's operating margin was −42% last quarter, up 42 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% |
MHNC has the stronger cash trend. Its trailing FCF is up 114% versus its history, compared with BLK at up 20%.
MHNC Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q1 2025 | -$21.1M | -362% |
| Q4 2024 | $102M | +1540% |
| Q3 2024 | -$3.8M | -$1.5M |
| Q2 2024 | -$23.4M | +$19.9M |
| Q1 2024 | $8M | +$28.4M |
| Q4 2023 | $6.2M | +$102.3M |
| Q3 2023 | -$2.3M | +$8.7M |
| Q2 2023 | -$43.3M | -$30.6M |
MHNC's free cash flow was $54M over the past year, against −$31M the year before. Free cash flow isn't a meaningful measure for financial services companies like MHNC.
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 |
MHNC Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.8% | -782K shares |
| 1 year | -1.3% | -1.3M shares |
| 3 years | +15% | +12.6M shares |
| 5 years | +19% | +16.1M shares |
| Available history | +19% | +16M shares |
MHNC has the edge over BLK on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q1 2025 | — |
| Q4 2024 | $1.2M |
| Q3 2024 | $641,000 |
| Q2 2024 | $1.8M |
| Q1 2024 | $673,000 |
| Q4 2023 | $1M |
| Q3 2023 | $1.1M |
| Q2 2023 | $533,000 |
MHNC spent $4M buying back its own shares over the past year, up 10% 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.
MHNC Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2022 | 41.8x | High |
| Q2 2022 | 18.0x | High |
| Q1 2022 | 13.8x | High |
| Q4 2021 | 8.4x | High |
| Q3 2021 | 7.9x | High |
| Q2 2021 | 6.2x | High |
| Q1 2021 | 4.5x | High |
| Q4 2020 | 3.6x | Elevated |
MHNC's net debt is more than 20 years of its operating earnings (EBITDA), up from 7.9 years a year ago. Net leverage isn't a meaningful measure for financial services companies like MHNC.
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).
MHNC Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 37.9 | Neutral |
| Stochastic | 28.3 | Neutral |
MHNC's weekly RSI is 38 (neutral) and its Stochastic is 28 (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.
MHNC PE vs Financial Services Sector
| Metric | MHNC | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 13x | — |
MHNC 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 MHNC on trend strength, trading above more of its moving averages.
MHNC Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $10.6 | 0% above |
| 20 week MA | $11.3 | 5.9% below |
| 50 week MA | $13.0 | 18% below |
| 100 week MA | $15.0 | 29% below |
| 200 week MA | $16.4 | 35% below |
MHNC is in a downtrend: it's below all five of its weekly moving averages, and 35% 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 MHNC on returns for 2026, with the stronger performance.
MHNC Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $22.2 | $22.2 | -0.1% |
| 2021 | $22.2 | $22.6 | +2% |
| 2022 | $22.6 | $18.4 | -19% |
| 2023 | $18.4 | $19.0 | +3.3% |
| 2024 | $19.0 | $17.0 | -11% |
| 2025 | $17.0 | $15.8 | -7.4% |
| 2026 YTD | $15.8 | $10.6 | -33% |
MHNC has finished lower in four of the last six years. It's down 33% so far in 2026.