BLK
BlackRock, Inc.
BLK offers stronger fundamentals, but that advantage does not outweigh its weaker overall profile.
THG
The Hanover Insurance Group, Inc.
THG 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.
THG Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| N/A | |
| N/A |
THG's profitability is currently healthy, and its revenue is stable. Free cash flow and net leverage aren't meaningful measures for financial services companies like THG.
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.
THG PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 10x | $219 | -12% |
| Current | 12x | $248 | — |
| Fair | 13x | $273 | +9.9% |
| Forward | 13x | $248 | — |
| Expensive | 17x | $360 | +45% |
Historical ranges are pointers, not guarantees.
THG 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.
THG Forward outlook
| Metric | Outlook |
|---|---|
| Deteriorating | |
| Growth | |
| Stable | |
| Improving | |
| Limited | |
| Moderate |
Analysts expect THG's earnings to grow and its profitability to improve, with its revenue 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.
THG Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $19.65 | -6% |
| Q3 2026 | $20.90 | +21% |
| Q2 2026 | $20.94 | +38% |
| Q1 2026 | $19.86 | +65% |
| Q4 2025 | $18.16 | +55% |
| Q3 2025 | $17.30 | +71% |
| Q2 2025 | $15.20 | +101% |
| Q1 2025 | $12.02 | +167% |
| Q4 2024 | $11.70 | +1094% |
THG 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 THG 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 has the edge over THG on profitability, with a higher operating margin.
THG Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.7B | +4.2% |
| Q2 2026 | $1.7B | +4.3% |
| Q1 2026 | $1.7B | +6.1% |
| Q4 2025 | $1.7B | +5.5% |
| Q3 2025 | $1.7B | +6.4% |
| Q2 2025 | $1.7B | +7.7% |
| Q1 2025 | $1.6B | +3.4% |
| Q4 2024 | $1.6B | +3.6% |
THG's revenue has grown year over year for 17 quarters in a row: $1.7B last quarter, up 4.2% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 14% | -0.8 points |
| Q2 2026 | 15% | +1.9 points |
| Q1 2026 | 15% | +3.1 points |
| Q4 2025 | 17% | +1.2 points |
| Q3 2025 | 15% | +5.3 points |
| Q2 2025 | 13% | +6.5 points |
| Q1 2025 | 12% | +2 points |
| Q4 2024 | 16% | +5.7 points |
THG's operating margin was 14% last quarter, down 0.8 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% |
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.
THG Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $518M | -6.1% |
| Q2 2026 | $209.4M | +2.2% |
| Q1 2026 | $115.3M | +211% |
| Q4 2025 | $377M | +79% |
| Q3 2025 | $551.4M | +41% |
| Q2 2025 | $204.9M | +49% |
| Q1 2025 | $37.1M | -34% |
| Q4 2024 | $210.5M | +133% |
THG 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 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 |
THG Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.3% | -100K shares |
| 1 year | -2.5% | -900K shares |
| 3 years | -1.7% | -600K shares |
| 5 years | -2.2% | -800K shares |
| Available history | -13% | -5.1M shares |
THG has the edge over BLK on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $86.4M |
| Q2 2026 | $55M |
| Q1 2026 | $86.9M |
| Q4 2025 | $54.6M |
| Q3 2025 | $36M |
| Q2 2025 | $27.6M |
| Q1 2025 | $11M |
| Q3 2023 | — |
THG spent $283M 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 the edge over THG on leverage, with a lower net debt burden relative to earnings.
THG Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.3x | Very low |
| Q2 2026 | 0.6x | Very low |
| Q1 2026 | 0.6x | Very low |
| Q4 2025 | 0.1x | Very low |
| Q3 2025 | 0.4x | Very low |
| Q2 2025 | 0.7x | Very low |
| Q1 2025 | 0.7x | Very low |
| Q4 2024 | 0.5x | Very low |
THG's net debt is less than a year of its operating earnings (EBITDA). Net leverage isn't a meaningful measure for financial services companies like THG.
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).
THG Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 73.1 | Overbought |
| Stochastic | 82.0 | Overbought |
THG's weekly RSI is 73 (overbought) and its Stochastic is 82 (overbought).
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.
THG PE vs Financial Services Sector
| Metric | THG | Sector median | Relative |
|---|---|---|---|
| PE | 12x | 13x | 8.8% below |
| PE % | 36 | 63 | 27 pts below |
THG 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.
THG Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $232.5 | 6.7% above |
| 20 week MA | $227.3 | 9.1% above |
| 50 week MA | $200.1 | 24% above |
| 100 week MA | $184.1 | 35% above |
| 200 week MA | $156.4 | 59% above |
THG is in an uptrend: it's above all five of its weekly moving averages, and 59% 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.
THG Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $136.4 | $116.1 | -15% |
| 2021 | $116.1 | $127.7 | +10% |
| 2022 | $127.7 | $137.4 | +7.6% |
| 2023 | $137.4 | $121.4 | -12% |
| 2024 | $121.4 | $154.3 | +27% |
| 2025 | $154.3 | $184.2 | +19% |
| 2026 YTD | $184.2 | $248.0 | +35% |
THG has the edge over BLK on returns for 2026, with the stronger performance.