BLK
BlackRock, Inc.
BLK has the edge over NAVI overall, supported by stronger valuation and lower modeled downside.
NAVI
Navient Corporation
NAVI offers stronger fundamentals, 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.
NAVI Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| N/A | |
| N/A |
NAVI's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like NAVI.
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 NAVI in the historical PE scenario, which offers more potential upside but is not a forecast.
NAVI PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 4.1x | $2.19 | -64% |
| Fair | 5.5x | $2.99 | -51% |
| Forward | 8.7x | $6.14 | — |
| Expensive | 11x | $5.99 | -2.5% |
| Current | 11x | $6.14 | — |
Historical ranges are pointers, not guarantees.
NAVI's PE is in its expensive range at 11x. On analysts' estimates for next year's earnings, today's price would be 8.7x.
BLK Forward outlook
There aren't enough analyst estimates for BLK to show an outlook.
NAVI Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Decline | |
| Stable | |
| Strongly weakening | |
| Limited | |
| Low |
Analysts expect NAVI's earnings and profitability to decline, with its revenue holding steady. 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 NAVI on earnings, with more consistent year-over-year improvement.
NAVI Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.71 | +31% |
| Q3 2026 | $0.54 | +$1.06 |
| Q2 2026 | -$0.49 | -248% |
| Q1 2026 | -$0.62 | -219% |
| Q4 2025 | -$0.81 | -169% |
| Q3 2025 | -$0.52 | -168% |
| Q2 2025 | $0.33 | -77% |
| Q1 2025 | $0.52 | -68% |
| Q4 2024 | $1.18 | -36% |
NAVI has returned to profit: it earned $0.54 per share over the past year, after losing money 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 has the edge over NAVI 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 NAVI on profitability, with a higher operating margin.
NAVI Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $317M | +97% |
| Q2 2026 | $150M | -3.8% |
| Q1 2026 | $152M | -2.6% |
| Q4 2025 | $137M | -39% |
| Q3 2025 | $161M | -59% |
| Q2 2025 | $156M | -37% |
| Q1 2025 | $156M | -46% |
| Q4 2024 | $223M | +0.5% |
NAVI's revenue is recovering but still below its 2021 peak: $317M last quarter, up 97% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 4.1% | +77 points |
| Q2 2026 | 26% | +15 points |
| Q1 2026 | 21% | +24 points |
| Q4 2025 | -5.1% | -17 points |
| Q3 2025 | -73% | -76 points |
| Q2 2025 | 12% | -7.9 points |
| Q1 2025 | -3.2% | -34 points |
| Q4 2024 | 12% | +28 points |
NAVI's operating margin was 4.1% last quarter, up 77 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 NAVI on cash flow, with more consistent year-over-year improvement.
NAVI Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $143M | +13% |
| Q1 2026 | -$47M | -166% |
| Q4 2025 | $174M | +2075% |
| Q3 2025 | $70M | +$80M |
| Q2 2025 | $126M | -55% |
| Q1 2025 | $71M | -61% |
| Q4 2024 | $8M | -97% |
| Q3 2024 | -$10M | -108% |
NAVI's free cash flow was $340M over the past year, up 74% from the year before. Free cash flow isn't a meaningful measure for financial services companies like NAVI.
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 |
NAVI Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.1% | -1M shares |
| 1 year | -4.1% | -4M shares |
| 3 years | -22% | -27M shares |
| 5 years | -44% | -73M shares |
| Available history | -60% | -139M shares |
NAVI has the edge over BLK on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q2 2026 | $3M |
| Q1 2026 | $23M |
| Q4 2025 | $26M |
| Q3 2025 | $26M |
| Q2 2025 | $24M |
| Q1 2025 | $35M |
| Q4 2024 | $65M |
| Q3 2024 | $33M |
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.
NAVI 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).
NAVI Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 29.4 | Oversold |
| Stochastic | 29.1 | Neutral |
NAVI's weekly RSI is 29 (oversold) and its Stochastic is 29 (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.
NAVI PE vs Financial Services Sector
| Metric | NAVI | Sector median | Relative |
|---|---|---|---|
| PE | 11x | 13x | 13% below |
| PE % | 85 | 63 | 22 pts above |
NAVI 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 NAVI on trend strength, trading above more of its moving averages.
NAVI Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $8.63 | 29% below |
| 20 week MA | $8.85 | 31% below |
| 50 week MA | $9.36 | 34% below |
| 100 week MA | $11.3 | 45% below |
| 200 week MA | $13.9 | 56% below |
NAVI is in a downtrend: it's below all five of its weekly moving averages, and 56% 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 NAVI on returns for 2026, with the stronger performance.
NAVI Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $13.7 | $9.77 | -29% |
| 2021 | $9.77 | $21.7 | +122% |
| 2022 | $21.7 | $16.5 | -24% |
| 2023 | $16.5 | $18.6 | +13% |
| 2024 | $18.6 | $13.1 | -30% |
| 2025 | $13.1 | $12.9 | -0.8% |
| 2026 YTD | $12.9 | $6.14 | -53% |
NAVI has finished lower in four of the last six years. It's down 53% so far in 2026.