BLK
BlackRock, Inc.
BLK offers stronger valuation, but that advantage does not outweigh its weaker overall profile.
SPFI
South Plains Financial, Inc.
SPFI 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.
SPFI Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| N/A | |
| N/A |
SPFI's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like SPFI.
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.
SPFI PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 7.2x | $27.16 | -37% |
| Fair | 8.5x | $31.98 | -25% |
| Forward | 10x | $42.80 | — |
| Current | 11x | $42.80 | — |
| Expensive | 12x | $45.37 | +6% |
Historical ranges are pointers, not guarantees.
SPFI 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.
SPFI Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Stable | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for SPFI, 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.
SPFI Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $4.08 | +8.2% |
| Q3 2026 | $3.77 | +7.7% |
| Q2 2026 | $3.67 | +15% |
| Q1 2026 | $3.57 | +19% |
| Q4 2025 | $3.44 | +18% |
| Q3 2025 | $3.50 | +37% |
| Q2 2025 | $3.20 | +19% |
| Q1 2025 | $3.00 | -20% |
| Q4 2024 | $2.92 | -19% |
SPFI 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 SPFI 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.
SPFI Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $65.3M | +20% |
| Q2 2026 | $64.5M | +18% |
| Q1 2026 | $54.1M | +10% |
| Q4 2025 | $53.9M | +3.9% |
| Q3 2025 | $54.2M | +13% |
| Q2 2025 | $54.7M | +12% |
| Q1 2025 | $49.2M | +5.1% |
| Q4 2024 | $51.9M | +17% |
SPFI's revenue has grown year over year for eight quarters in a row: $65M last quarter, up 20% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 40% | +2.3 points |
| Q2 2026 | 38% | +3.6 points |
| Q1 2026 | 34% | +2 points |
| Q4 2025 | 35% | -4.5 points |
| Q3 2025 | 38% | +8.3 points |
| Q2 2025 | 34% | +4.8 points |
| Q1 2025 | 32% | +2 points |
| Q4 2024 | 40% | +10 points |
SPFI 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.
SPFI Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $30.5M | +36% |
| Q2 2026 | $26.8M | +106% |
| Q1 2026 | $14.8M | -41% |
| Q4 2025 | $11.4M | +262% |
| Q3 2025 | $22.5M | +31% |
| Q2 2025 | $13M | -24% |
| Q1 2025 | $25M | +34% |
| Q4 2024 | $3.1M | -52% |
SPFI's free cash flow was $84M over the past year, up 31% from the year before. Free cash flow isn't a meaningful measure for financial services companies like SPFI.
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 SPFI 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 |
SPFI Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.1% | -208K shares |
| 1 year | +15% | +2.6M shares |
| 3 years | +13% | +2.2M shares |
| 5 years | +6.2% | +1.1M shares |
| Available history | +15% | +2.6M shares |
SPFI has 20M diluted shares, up 15% from a year ago, despite $13M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | $12.8M |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | $276,000 |
| Q1 2025 | $8.3M |
| Q4 2024 | — |
SPFI spent $13M buying back its own shares over the past year, up 51% 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.
SPFI Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -8.1x | Net Cash |
| Q2 2026 | -8.7x | Net Cash |
| Q1 2026 | -8.6x | Net Cash |
| Q4 2025 | -6.7x | Net Cash |
| Q3 2025 | -7.6x | Net Cash |
| Q2 2025 | -5.4x | Net Cash |
| Q1 2025 | -6.6x | Net Cash |
| Q4 2024 | -4.2x | Net Cash |
SPFI has the edge over BLK on leverage, with a lower net debt burden relative to earnings.
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).
SPFI Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 49.0 | Neutral |
| Stochastic | 45.1 | Neutral |
SPFI's weekly RSI is 49 (neutral) and its Stochastic is 45 (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.
SPFI PE vs Financial Services Sector
| Metric | SPFI | Sector median | Relative |
|---|---|---|---|
| PE | 11x | 13x | 13% below |
| PE % | 71 | 63 | 8 pts above |
SPFI 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 has the edge over SPFI on trend strength, trading above more of its moving averages.
SPFI Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $43.0 | 0.5% below |
| 20 week MA | $43.9 | 2.4% below |
| 50 week MA | $42.3 | 1.2% above |
| 100 week MA | $39.3 | 9% above |
| 200 week MA | $33.5 | 28% above |
SPFI has pulled back, but its long-term trend is still up: it's below its 8- and 20-week averages, but 28% 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 the edge over SPFI on returns for 2026, with the stronger performance.
SPFI Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $21.0 | $18.9 | -9.8% |
| 2021 | $18.9 | $26.9 | +42% |
| 2022 | $26.9 | $28.3 | +5.1% |
| 2023 | $28.3 | $29.0 | +2.5% |
| 2024 | $29.0 | $35.0 | +21% |
| 2025 | $35.0 | $39.6 | +13% |
| 2026 YTD | $39.6 | $42.8 | +8.2% |
SPFI has finished higher in five of the last six years. It's up 8.2% so far in 2026.