BLK
BlackRock, Inc.
BLK has lower modeled downside risk, despite its lower overall score.
SKWD
Skyward Specialty Insurance Group, Inc.
SKWD has the edge over BLK overall, supported by stronger valuation and stronger modeled upside.
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.
SKWD Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Healthy | |
| N/A | |
| N/A |
SKWD's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like SKWD.
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.
SKWD PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 12x | $62.67 | — |
| Cheap | 13x | $56.39 | -10% |
| Fair | 15x | $63.66 | +1.6% |
| Current | 15x | $62.67 | — |
| Expensive | 18x | $78.45 | +25% |
Historical ranges are pointers, not guarantees.
SKWD 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.
SKWD Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Stable | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for SKWD, 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.
SKWD Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $5.32 | +24% |
| Q3 2026 | $4.28 | +27% |
| Q2 2026 | $4.29 | +36% |
| Q1 2026 | $4.15 | +39% |
| Q4 2025 | $4.07 | +42% |
| Q3 2025 | $3.37 | +2.7% |
| Q2 2025 | $3.16 | +6.8% |
| Q1 2025 | $2.98 | +9.6% |
| Q4 2024 | $2.87 | +28% |
SKWD 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's revenue has grown year over year for 13 quarters in a row: $7.8B last quarter, up 19% from the same quarter a year ago.
| 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 SKWD on profitability, with a higher operating margin.
SKWD Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $455.3M | +19% |
| Q2 2026 | $489.5M | +53% |
| Q1 2026 | $475.9M | +45% |
| Q4 2025 | $385.6M | +27% |
| Q3 2025 | $382.5M | +27% |
| Q2 2025 | $319.9M | +14% |
| Q1 2025 | $328.5M | +24% |
| Q4 2024 | $304.4M | +24% |
SKWD has the edge over BLK on sales, with stronger typical year-over-year growth.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 14% | -1.8 points |
| Q2 2026 | 13% | -2.6 points |
| Q1 2026 | 13% | -2.6 points |
| Q4 2025 | 14% | +8.1 points |
| Q3 2025 | 16% | +0.3 points |
| Q2 2025 | 16% | +1.2 points |
| Q1 2025 | 16% | -2.1 points |
| Q4 2024 | 6.1% | -9.2 points |
SKWD's operating margin was 14% last quarter, down 1.8 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% |
SKWD has the stronger cash trend. Its trailing FCF is up 76% versus its history, compared with BLK at up 20%.
SKWD Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q4 2025 | $50.1M | +140% |
| Q3 2025 | $168.9M | +0.8% |
| Q2 2025 | $87.1M | +372% |
| Q1 2025 | $96.6M | +2.7% |
| Q3 2024 | $167.6M | +52% |
| Q2 2024 | $18.4M | +2589% |
| Q1 2024 | $94M | -12% |
| Q3 2023 | $110.1M | +82% |
SKWD's free cash flow was $403M over the past year, up 34% from the year before. Free cash flow isn't a meaningful measure for financial services companies like SKWD.
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 SKWD 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 |
SKWD Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.2% | +107K shares |
| 1 year | +9.4% | +3.9M shares |
| 3 years | +19% | +7.4M shares |
| 5 years | +26% | +9.5M shares |
| Available history | +22% | +8.2M shares |
SKWD has 46M diluted shares, up 9.4% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | $125,000 |
| Q2 2026 | $10.8M |
| Q1 2026 | $8.7M |
| Q4 2022 | — |
| Q3 2022 | — |
| Q2 2022 | — |
| Q1 2022 | — |
| Q4 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.
SKWD Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q4 2022 | 1.4x | Healthy |
| Q3 2022 | 3.0x | Elevated |
| Q2 2022 | 0.7x | Very low |
| Q1 2022 | 0.6x | Very low |
| Q4 2021 | 1.6x | Healthy |
| Q3 2021 | 0.7x | Very low |
SKWD's net debt is about 1.4 years of its operating earnings (EBITDA), down from 1.6 years a year ago. Net leverage isn't a meaningful measure for financial services companies like SKWD.
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).
SKWD Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 63.2 | Neutral |
| Stochastic | 64.5 | Neutral |
SKWD's weekly RSI is 63 (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.
SKWD PE vs Financial Services Sector
| Metric | SKWD | Sector median | Relative |
|---|---|---|---|
| PE | 15x | 13x | 12% above |
| PE % | 43 | 53 | 10 pts below |
SKWD 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.
SKWD Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $59.0 | 6.3% above |
| 20 week MA | $59.1 | 6.1% above |
| 50 week MA | $51.8 | 21% above |
| 100 week MA | $51.4 | 22% above |
| 200 week MA | $41.7 | 50% above |
SKWD is in an uptrend: it's above all five of its weekly moving averages, and 50% 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.
SKWD Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2023 | $19.1 | $33.9 | +77% |
| 2024 | $33.9 | $50.8 | +50% |
| 2025 | $50.8 | $51.9 | +2.1% |
| 2026 YTD | $51.9 | $62.7 | +21% |
SKWD has the edge over BLK on returns for 2026, with the stronger performance.