BLK
BlackRock, Inc.
BLK offers stronger fundamentals, but that advantage does not outweigh its weaker overall profile.
TROW
T. Rowe Price Group, Inc.
TROW 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.
TROW Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| N/A | |
| N/A |
TROW's profitability is currently strong, and its revenue is stable. Free cash flow and net leverage aren't meaningful measures for financial services companies like TROW.
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.
TROW PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 11x | $108 | -0.2% |
| Current | 11x | $108 | — |
| Forward | 11x | $108 | — |
| Fair | 14x | $134 | +24% |
| Expensive | 17x | $164 | +51% |
Historical ranges are pointers, not guarantees.
TROW 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.
TROW Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Stable | |
| Stable | |
| Stable | |
| Limited | |
| Moderate |
Analysts expect TROW's earnings, revenue and profitability to hold roughly 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.
TROW Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $10.04 | +1.7% |
| Q3 2026 | $9.88 | +7.7% |
| Q2 2026 | $9.96 | +11% |
| Q1 2026 | $9.32 | +5.8% |
| Q4 2025 | $9.24 | +1% |
| Q3 2025 | $9.17 | +0.3% |
| Q2 2025 | $8.94 | +5.5% |
| Q1 2025 | $8.81 | +4.6% |
| Q4 2024 | $9.15 | +18% |
TROW 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 TROW 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's operating margin was 30% last quarter, about level with the same quarter a year ago, near the bottom of its range since 2019.
TROW Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $2B | +5.9% |
| Q2 2026 | $1.9B | +11% |
| Q1 2026 | $1.9B | +5.3% |
| Q4 2025 | $1.9B | +6% |
| Q3 2025 | $1.9B | +6% |
| Q2 2025 | $1.7B | -0.6% |
| Q1 2025 | $1.8B | +0.8% |
| Q4 2024 | $1.8B | +11% |
TROW's revenue has grown year over year for five quarters in a row: $2B last quarter, up 5.9% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 38% | +4.4 points |
| Q2 2026 | 28% | +0.6 points |
| Q1 2026 | 37% | +2.8 points |
| Q4 2025 | 24% | -6.8 points |
| Q3 2025 | 34% | -0.4 points |
| Q2 2025 | 28% | -4.8 points |
| Q1 2025 | 34% | +0.3 points |
| Q4 2024 | 31% | +7.6 points |
TROW 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 has the edge over TROW on cash flow, with more consistent year-over-year improvement.
TROW Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $470.6M | -14% |
| Q2 2026 | $450.9M | -3.6% |
| Q1 2026 | $762.3M | +38% |
| Q4 2025 | -$85.4M | +$309.5M |
| Q3 2025 | $546M | -0.3% |
| Q2 2025 | $467.7M | -19% |
| Q1 2025 | $550.9M | +3% |
| Q4 2024 | -$394.9M | -$155.6M |
TROW's free cash flow was $1.6B over the past year, up 37% from the year before. Free cash flow isn't a meaningful measure for financial services companies like TROW.
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 |
TROW Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.3% | -600K shares |
| 1 year | -2.8% | -6.1M shares |
| 3 years | -5% | -11.2M shares |
| 5 years | -6.8% | -15.5M shares |
| Available history | -10% | -25M shares |
TROW has the edge over BLK on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $100,000 |
| Q2 2026 | $167.3M |
| Q1 2026 | $333.5M |
| Q4 2025 | $139.1M |
| Q3 2025 | $153.5M |
| Q2 2025 | $113.1M |
| Q1 2025 | $215.2M |
| Q4 2024 | $68.1M |
TROW spent $640M buying back its own shares over the past year, up 16% 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.
TROW Net Leverage
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).
TROW Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 53.1 | Neutral |
| Stochastic | 46.5 | Neutral |
TROW's weekly RSI is 53 (neutral) and its Stochastic is 46 (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.
TROW PE vs Financial Services Sector
| Metric | TROW | Sector median | Relative |
|---|---|---|---|
| PE | 11x | 13x | 16% below |
| PE % | 17 | 63 | 46 pts below |
TROW 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 TROW on trend strength, trading above more of its moving averages.
TROW Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $105.1 | 2.9% above |
| 20 week MA | $109.6 | 1.2% below |
| 50 week MA | $104.1 | 4% above |
| 100 week MA | $102.9 | 5.2% above |
| 200 week MA | $106.9 | 1.2% above |
TROW's trend is mixed: it's above four of its five weekly moving averages, and 1.2% 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 TROW on returns for 2026, with the stronger performance.
TROW Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $122.8 | $148.3 | +21% |
| 2021 | $148.3 | $195.3 | +32% |
| 2022 | $195.3 | $111.1 | -43% |
| 2023 | $111.1 | $107.7 | -3.1% |
| 2024 | $107.7 | $115.7 | +7.4% |
| 2025 | $115.7 | $104.8 | -9.4% |
| 2026 YTD | $104.8 | $108.2 | +3.3% |
TROW has finished lower in three of the last six years. It's up 3.3% so far in 2026.