BLK
BlackRock, Inc.
BLK's fundamentals are mixed, but it looks expensive: trading at 28x earnings, above its usual 22x.
NRUC
National Rural Utilities Cooper
There isn't enough reported data to score NRUC 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.
NRUC Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| N/A | |
| N/A |
NRUC's revenue and profitability are currently strong. Free cash flow and net leverage aren't meaningful measures for financial services companies like NRUC.
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.
NRUC PE Valuation
NRUC 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.
NRUC Forward outlook
There aren't enough analyst estimates for NRUC 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 earned $43.87 per share over the past year, up 11% from the year before.
NRUC Earnings Per Share
NRUC and BLK do not have enough comparable growth data to identify a winner.
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 NRUC 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's operating margin was 30% last quarter, about level with the same quarter a year ago, near the bottom of its range since 2019.
NRUC Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $182.1M | +285% |
| Q2 2026 | $253.6M | +120% |
| Q1 2026 | $53.8M | -53% |
| Q4 2025 | $59M | -68% |
| Q2 2025 | $115.5M | -36% |
| Q1 2025 | $113.7M | +105% |
| Q4 2024 | $182M | +0.8% |
| Q2 2024 | $181.8M | +1056% |
NRUC's revenue is recovering but still below its 2022 peak: $182M last quarter, up 285% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2021 | 88% | N/A |
| Q1 2021 | 87% | N/A |
| Q4 2020 | 85% | -5.4 points |
| Q3 2020 | 86% | N/A |
| Q4 2019 | 91% | N/A |
NRUC's operating margin was 88% last quarter, down 3.2 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'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.
NRUC Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $131M | +60% |
| Q2 2026 | $83.4M | +$127.7M |
| Q1 2026 | $105.1M | -29% |
| Q4 2025 | $38.3M | -39% |
| Q3 2025 | $82M | +131% |
| Q2 2025 | -$44.3M | -186% |
| Q1 2025 | $149M | +25% |
| Q4 2024 | $62.7M | +120% |
NRUC's free cash flow was $358M over the past year, up 43% from the year before. Free cash flow isn't a meaningful measure for financial services companies like NRUC.
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 |
NRUC Total Shares
| Quarter | Spent |
|---|---|
| Q3 2024 | — |
| Q3 2021 | — |
| Q2 2020 | — |
| Q1 2020 | $1.9M |
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.
NRUC Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2021 | 28.9x | High |
| Q2 2021 | 30.3x | High |
| Q1 2021 | 37.6x | High |
| Q4 2020 | 84.2x | High |
| Q3 2020 | 64.7x | High |
| Q2 2020 | 94.8x | High |
| Q1 2020 | 83.0x | High |
| Q4 2019 | 90.4x | High |
NRUC's net debt is more than 20 years of its operating earnings (EBITDA), down from more than 20 years a year ago. Net leverage isn't a meaningful measure for financial services companies like NRUC.
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).
NRUC Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 24.2 | Oversold |
| Stochastic | 10.6 | Oversold |
NRUC's weekly RSI is 24 (oversold) and its Stochastic is 11 (oversold).
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.
NRUC PE vs Financial Services Sector
NRUC 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 NRUC on trend strength, trading above more of its moving averages.
NRUC Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $20.1 | 5.6% below |
| 20 week MA | $21.1 | 10% below |
| 50 week MA | $22.7 | 16% below |
| 100 week MA | $23.2 | 18% below |
| 200 week MA | $23.8 | 20% below |
NRUC is in a downtrend: it's below all five of its weekly moving averages, and 20% 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 NRUC on returns for 2026, with the stronger performance.
NRUC Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $27.2 | $28.3 | +4.2% |
| 2021 | $28.3 | $26.8 | -5.2% |
| 2022 | $26.8 | $23.7 | -12% |
| 2023 | $23.7 | $25.2 | +6.3% |
| 2024 | $25.2 | $22.9 | -8.9% |
| 2025 | $22.9 | $23.8 | +3.8% |
| 2026 YTD | $23.8 | $19.0 | -20% |
NRUC has finished lower in three of the last six years. It's down 20% so far in 2026.