BLK
BlackRock, Inc.
BLK offers stronger fundamentals, but that advantage does not outweigh its weaker overall profile.
NIC
Nicolet Bankshares, Inc.
NIC has a slight edge over BLK overall, supported by stronger modeled upside and lower modeled downside.
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.
NIC Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Healthy | |
| N/A | |
| N/A |
NIC's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like NIC.
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.
NIC PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 12x | $108 | -38% |
| Forward | 13x | $174 | — |
| Fair | 14x | $125 | -28% |
| Expensive | 17x | $157 | -10% |
| Current | 19x | $174 | — |
Historical ranges are pointers, not guarantees.
NIC has the edge over BLK in the historical PE scenario, which offers more potential upside but is not a forecast.
BLK Forward outlook
There aren't enough analyst estimates for BLK to show an outlook.
NIC Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Stable | |
| Limited | |
| High |
Analysts expect strong earnings and revenue growth for NIC, with profitability holding steady.
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 earned $43.87 per share over the past year, up 11% from the year before.
NIC Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $13.39 | +48% |
| Q3 2026 | $9.02 | -3.6% |
| Q2 2026 | $8.79 | +0.7% |
| Q1 2026 | $8.51 | +2.4% |
| Q4 2025 | $9.78 | +21% |
| Q3 2025 | $9.36 | +19% |
| Q2 2025 | $8.73 | +26% |
| Q1 2025 | $8.31 | +28% |
| Q4 2024 | $8.05 | +97% |
NIC has the edge over BLK on earnings, with more consistent year-over-year improvement.
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 NIC 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's operating margin was 30% last quarter, about level with the same quarter a year ago, near the bottom of its range since 2019.
NIC Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $174.4M | +70% |
| Q2 2026 | $177.8M | +86% |
| Q1 2026 | $134.9M | +51% |
| Q4 2025 | $104M | +13% |
| Q3 2025 | $102.9M | +13% |
| Q2 2025 | $95.7M | +13% |
| Q1 2025 | $89.4M | +8.8% |
| Q4 2024 | $92.4M | +4.2% |
NIC's revenue has grown year over year for 14 quarters in a row: $174M last quarter, up 70% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 47% | -3.9 points |
| Q2 2026 | 41% | -6 points |
| Q1 2026 | 14% | -31 points |
| Q4 2025 | 48% | +1.5 points |
| Q3 2025 | 50% | +5.4 points |
| Q2 2025 | 47% | +3.5 points |
| Q1 2025 | 45% | +3.1 points |
| Q4 2024 | 47% | +4.6 points |
NIC has the edge over BLK on profitability, with a higher operating margin.
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's free cash flow was $4.8B over the past year, up 22% from the year before. Free cash flow isn't a meaningful measure for financial services companies like BLK.
NIC Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $67.1M | +46% |
| Q2 2026 | $89.3M | +133% |
| Q1 2026 | $15.1M | -64% |
| Q4 2025 | $23.9M | -15% |
| Q3 2025 | $45.9M | +32% |
| Q2 2025 | $38.4M | +12% |
| Q1 2025 | $41.3M | +106% |
| Q4 2024 | $28.1M | -19% |
NIC's free cash flow was $195M over the past year, up 27% from the year before. Free cash flow isn't a meaningful measure for financial services companies like NIC.
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 NIC 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 |
NIC Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.9% | -186K shares |
| 1 year | +40% | +6.1M shares |
| 3 years | +44% | +6.6M shares |
| 5 years | +109% | +11.2M shares |
| Available history | +118% | +11.6M shares |
NIC has 22M diluted shares, up 40% from a year ago, despite $103M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $40M |
| Q2 2026 | $40.2M |
| Q1 2026 | $22.4M |
| Q4 2025 | — |
| Q3 2025 | $20.5M |
| Q2 2025 | $30M |
| Q1 2025 | $26M |
| Q4 2024 | $10.1M |
NIC spent $103M buying back its own shares over the past year, up 18% 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.
NIC Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.1x | Net Cash |
| Q2 2026 | -0.3x | Net Cash |
| Q1 2026 | 0.3x | Very low |
| Q4 2025 | 0.1x | Very low |
| Q3 2025 | 0.2x | Very low |
| Q2 2025 | 0.0x | Very low |
| Q1 2025 | 0.3x | Very low |
| Q4 2024 | 0.3x | Very low |
NIC has more cash than debt. Net leverage isn't a meaningful measure for financial services companies like NIC.
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).
NIC Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 62.4 | Neutral |
| Stochastic | 64.4 | Neutral |
NIC's weekly RSI is 62 (neutral) and its Stochastic is 64 (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.
NIC PE vs Financial Services Sector
| Metric | NIC | Sector median | Relative |
|---|---|---|---|
| PE | 19x | 13x | 48% above |
| PE % | 90 | 63 | 27 pts above |
NIC 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 is in an uptrend: it's above all five of its weekly moving averages, and 33% above its 200-week average.
NIC Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $169.0 | 3.1% above |
| 20 week MA | $170.0 | 2.4% above |
| 50 week MA | $153.9 | 13% above |
| 100 week MA | $137.3 | 27% above |
| 200 week MA | $108.8 | 60% above |
NIC is in an uptrend: it's above all five of its weekly moving averages, and 60% 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 finished higher in five of the last six years. It's up 12% so far in 2026.
NIC Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $74.6 | $68.0 | -8.9% |
| 2021 | $68.0 | $87.0 | +28% |
| 2022 | $87.0 | $80.9 | -6.9% |
| 2023 | $80.9 | $80.5 | -0.6% |
| 2024 | $80.5 | $104.6 | +30% |
| 2025 | $104.6 | $123.7 | +18% |
| 2026 YTD | $123.7 | $174.1 | +41% |
NIC has the edge over BLK on returns for 2026, with the stronger performance.