BLK
BlackRock, Inc.
BLK has lower modeled downside risk, despite its lower overall score.
OWL
Blue Owl Capital Inc.
OWL has the edge over BLK overall, supported by stronger valuation and stronger fundamentals.
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.
OWL Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Weak | |
| N/A | |
| N/A |
OWL's revenue is currently strong, but its profitability is weak. Free cash flow and net leverage aren't meaningful measures for financial services companies like OWL.
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.
OWL PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 10x | $9.75 | — |
| Current | 70x | $9.75 | — |
| Cheap | 90x | $12.57 | +29% |
| Fair | 142x | $19.84 | +104% |
| Expensive | 192x | $26.83 | +175% |
Historical ranges are pointers, not guarantees.
OWL 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.
OWL Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for OWL, 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 OWL on earnings, with more consistent year-over-year improvement.
OWL Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.94 | +574% |
| Q3 2026 | $0.14 | +56% |
| Q2 2026 | $0.12 | 0% |
| Q1 2026 | $0.12 | -25% |
| Q4 2025 | $0.10 | -50% |
| Q3 2025 | $0.09 | -47% |
| Q2 2025 | $0.12 | -25% |
| Q1 2025 | $0.16 | +33% |
| Q4 2024 | $0.20 | +100% |
OWL's earnings per share have fallen from their peak: $0.14 over the past year, against $0.20 in late 2024. Its recent earnings include one-off gains.
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 OWL 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 OWL on profitability, with a higher operating margin.
OWL Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $806.5M | +436% |
| Q2 2026 | $137M | -0.7% |
| Q1 2026 | $138M | +4.1% |
| Q4 2025 | $146.8M | +6.7% |
| Q3 2025 | $150.4M | -75% |
| Q2 2025 | $138M | -75% |
| Q1 2025 | $132.6M | -74% |
| Q4 2024 | $137.6M | -72% |
OWL's revenue is growing: $807M last quarter, up 436% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 18% | +327 points |
| Q2 2026 | -365% | -27 points |
| Q1 2026 | -367% | -9.5 points |
| Q4 2025 | -301% | -43 points |
| Q3 2025 | -309% | -332 points |
| Q2 2025 | -338% | -369 points |
| Q1 2025 | -357% | -388 points |
| Q4 2024 | -258% | -282 points |
OWL's operating margin was 18% last quarter, up 327 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.
OWL Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $601.4M | +42% |
| Q2 2026 | $452.9M | +9.8% |
| Q1 2026 | $89M | +1996% |
| Q4 2025 | $359.1M | +16% |
| Q3 2025 | $422.5M | +34% |
| Q2 2025 | $412.5M | +53% |
| Q1 2025 | $4.2M | -90% |
| Q4 2024 | $310.1M | +13% |
OWL has the edge over BLK on cash flow, with more consistent year-over-year improvement.
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 OWL 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 |
OWL Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +1.5% | +10.6M shares |
| 1 year | +3.7% | +25.2M shares |
| 3 years | -51% | -732M shares |
| 5 years | +118% | +379M shares |
OWL has 699M diluted shares, up 3.7% from a year ago, despite $77M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | — |
| Q1 2026 | $25M |
| Q4 2025 | $52M |
| Q3 2025 | — |
| Q4 2023 | — |
| Q3 2023 | — |
| Q2 2023 | — |
OWL spent $77M buying back its own shares over the past year.
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.
OWL Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q4 2024 | 6.3x | High |
| Q3 2024 | 2.9x | Moderate |
| Q2 2024 | 2.6x | Moderate |
| Q1 2024 | 2.7x | Moderate |
| Q4 2023 | 2.5x | Moderate |
| Q3 2023 | 3.1x | Elevated |
| Q2 2023 | 3.7x | Elevated |
| Q1 2023 | 4.8x | High |
OWL's net debt is about 6.3 years of its operating earnings (EBITDA), up from 2.5 years a year ago. Net leverage isn't a meaningful measure for financial services companies like OWL.
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).
OWL Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 46.2 | Neutral |
| Stochastic | 32.1 | Neutral |
OWL's weekly RSI is 46 (neutral) and its Stochastic is 32 (neutral).
BLK PE vs Financial Services Sector
| Metric | BLK | Sector median | Relative |
|---|---|---|---|
| PE | 28x | 13x | 113% above |
| PE % | 97 | 63 | 34 pts above |
BLK has the edge over OWL on valuation relative to its sector.
OWL PE vs Financial Services Sector
| Metric | OWL | Sector median | Relative |
|---|---|---|---|
| PE | 70x | 13x | 435% above |
| PE % | 0 | 61 | 61 pts below |
OWL is trading at 70x earnings, a 435% premium to the Financial Services sector's median of 13x, though its earnings don't support one.
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 OWL on trend strength, trading above more of its moving averages.
OWL Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $9.50 | 2.6% above |
| 20 week MA | $10.2 | 4.2% below |
| 50 week MA | $11.0 | 11% below |
| 100 week MA | $15.1 | 36% below |
| 200 week MA | $15.3 | 36% below |
OWL has bounced recently, but its long-term trend is still down: it's above its 8-week average, but 36% 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 OWL on returns for 2026, with the stronger performance.
OWL Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $10.8 | $11.6 | +7.2% |
| 2021 | $11.6 | $14.9 | +29% |
| 2022 | $14.9 | $10.7 | -28% |
| 2023 | $10.7 | $14.9 | +39% |
| 2024 | $14.9 | $23.6 | +58% |
| 2025 | $23.6 | $15.0 | -36% |
| 2026 YTD | $15.0 | $9.75 | -35% |
OWL is down 35% so far in 2026, after finishing higher in four of the previous six years.