BLK
BlackRock, Inc.
BLK's fundamentals are mixed, but it looks expensive: trading at 28x earnings, above its usual 22x.
OXSQ
Oxford Square Capital Corp.
There isn't enough reported data to score OXSQ 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.
OXSQ Fundamentals
| Metric | Status |
|---|---|
| Under pressure | |
| Healthy | |
| N/A | |
| N/A |
OXSQ's profitability is currently healthy, but its revenue is under pressure. Free cash flow and net leverage aren't meaningful measures for financial services companies like OXSQ.
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.
OXSQ PE Valuation
OXSQ 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.
OXSQ Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Decline | |
| Growth | |
| Strongly weakening | |
| Limited | |
| High |
Analysts expect OXSQ's revenue to grow, but its earnings and profitability to decline.
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% |
OXSQ has the stronger earnings trend. Trailing diluted EPS is up 11% for BLK versus OXSQ up 256%.
OXSQ Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.18 | -44% |
| Q3 2023 | -$0.09 | +$1.16 |
| Q2 2023 | -$0.42 | +$0.38 |
| Q1 2023 | -$1.42 | -810% |
| Q4 2022 | -$1.71 | -314% |
| Q3 2022 | -$1.25 | -178% |
| Q2 2022 | -$0.80 | -145% |
| Q1 2022 | $0.20 | -90% |
| Q4 2021 | $0.80 | +7900% |
OXSQ has returned to profit: it earned $0.32 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% |
OXSQ has the stronger quarterly revenue trend. Revenue is up 19% for BLK versus up 31% for OXSQ.
| 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.
OXSQ Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q1 2023 | $12.9M | +31% |
| Q4 2022 | $11.9M | +17% |
| Q2 2022 | $9.9M | +27% |
| Q1 2022 | $9.9M | +5.4% |
| Q4 2021 | $10.2M | -76% |
| Q3 2021 | $9.8M | +19% |
| Q2 2021 | $7.8M | -67% |
| Q1 2021 | $9.4M | -14% |
OXSQ's revenue is recovering but still below its 2020 peak: $13M last quarter, up 31% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q1 2023 | 84% | +9.2 points |
| Q4 2022 | 81% | +6 points |
| Q2 2022 | 75% | +8.3 points |
| Q1 2022 | 74% | +2.8 points |
| Q4 2021 | 75% | -19 points |
| Q3 2021 | 72% | -2.9 points |
| Q2 2021 | 67% | -21 points |
| Q1 2021 | 72% | -7.4 points |
OXSQ's operating margin was 84% last quarter, up 8.7 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 OXSQ on cash generation, producing positive trailing cash flow while its opponent burns cash.
OXSQ Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $116.4K | +$20.1M |
| Q2 2026 | -$14.1M | -$12.4M |
| Q1 2026 | -$14.4M | -340% |
| Q4 2025 | $1.9M | +$8.1M |
| Q3 2025 | -$19.9M | -481% |
| Q2 2025 | -$1.7M | -126% |
| Q1 2025 | $6M | -70% |
| Q4 2024 | -$6.2M | -162% |
OXSQ's free cash flow was −$26M over the past year, against −$22M the year before. Free cash flow isn't a meaningful measure for financial services companies like OXSQ.
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 OXSQ 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 |
OXSQ Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +12% | +12M shares |
| 1 year | +52% | +38M shares |
| 3 years | +120% | +60.7M shares |
| 5 years | +124% | +61.7M shares |
| Available history | +126% | +62.1M shares |
OXSQ has 111M diluted shares, up 52% from a year ago.
| Quarter | Spent |
|---|---|
| Q1 2023 | — |
| Q4 2022 | — |
| Q3 2022 | — |
| Q2 2022 | — |
| Q1 2022 | — |
| Q4 2021 | — |
| Q3 2021 | — |
| Q2 2021 | — |
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.
OXSQ Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q1 2023 | 10.5x | High |
| Q4 2022 | 13.4x | High |
| Q3 2022 | 15.3x | High |
| Q2 2022 | 5.5x | High |
| Q1 2022 | 6.3x | High |
| Q4 2021 | 6.6x | High |
| Q3 2021 | 2.8x | Moderate |
| Q2 2021 | 2.1x | Moderate |
OXSQ's net debt is about 11 years of its operating earnings (EBITDA), up from 6.3 years a year ago. Net leverage isn't a meaningful measure for financial services companies like OXSQ.
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).
OXSQ Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 20.2 | Oversold |
| Stochastic | 10.3 | Oversold |
OXSQ's weekly RSI is 20 (oversold) and its Stochastic is 10 (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.
OXSQ PE vs Financial Services Sector
| Metric | OXSQ | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 13x | — |
OXSQ 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 OXSQ on trend strength, trading above more of its moving averages.
OXSQ Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $1.13 | 29% below |
| 20 week MA | $1.30 | 38% below |
| 50 week MA | $1.55 | 48% below |
| 100 week MA | $1.93 | 59% below |
| 200 week MA | $2.48 | 68% below |
OXSQ is in a downtrend: it's below all five of its weekly moving averages, and 68% 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 OXSQ on returns for 2026, with the stronger performance.
OXSQ Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $5.40 | $3.06 | -43% |
| 2021 | $3.06 | $4.08 | +33% |
| 2022 | $4.08 | $3.00 | -26% |
| 2023 | $3.00 | $2.86 | -4.7% |
| 2024 | $2.86 | $2.46 | -14% |
| 2025 | $2.46 | $1.72 | -30% |
| 2026 YTD | $1.72 | $0.80 | -53% |
OXSQ has finished four years in a row lower, and it's down 53% so far in 2026.