BLK
BlackRock, Inc.
BLK trails on the overall score without a compensating advantage in the available component scores.
USB
U.S. Bancorp
USB 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.
USB Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| N/A | |
| N/A |
USB's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like USB.
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.
USB PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 10x | $51.43 | -15% |
| Forward | 11x | $60.47 | — |
| Fair | 12x | $60.09 | -0.6% |
| Current | 12x | $60.47 | — |
| Expensive | 14x | $71.44 | +18% |
Historical ranges are pointers, not guarantees.
USB 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.
USB Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Improving | |
| Moderate | |
| Moderate |
Analysts expect earnings and revenue growth for USB, with profitability improving.
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.
USB Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $5.70 | +11% |
| Q3 2026 | $5.13 | +17% |
| Q2 2026 | $5.01 | +20% |
| Q1 2026 | $4.77 | +18% |
| Q4 2025 | $4.62 | +22% |
| Q3 2025 | $4.37 | +34% |
| Q2 2025 | $4.18 | +33% |
| Q1 2025 | $4.04 | +34% |
| Q4 2024 | $3.79 | +16% |
USB 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 USB 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.
USB Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $7.9B | +8.9% |
| Q2 2026 | $7.7B | +10% |
| Q1 2026 | $7.3B | +4.8% |
| Q4 2025 | $7.3B | +5.1% |
| Q3 2025 | $7.3B | +6.8% |
| Q2 2025 | $7B | +2% |
| Q1 2025 | $6.9B | +3.6% |
| Q4 2024 | $7B | +3.7% |
USB's revenue has grown year over year for eight quarters in a row: $7.9B last quarter, up 8.9% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 35% | +0.6 points |
| Q2 2026 | 35% | +2.5 points |
| Q1 2026 | 33% | +2.2 points |
| Q4 2025 | 35% | +4.3 points |
| Q3 2025 | 35% | +4.4 points |
| Q2 2025 | 33% | +2.8 points |
| Q1 2025 | 31% | +6.1 points |
| Q4 2024 | 30% | +15 points |
USB 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.
USB Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $3.8B | +12% |
| Q2 2026 | $4.8B | +137% |
| Q1 2026 | $1.3B | +$1.6B |
| Q4 2025 | $2.8B | -40% |
| Q3 2025 | $3.4B | +249% |
| Q2 2025 | $2B | -29% |
| Q1 2025 | -$285M | -111% |
| Q4 2024 | $4.8B | +1046% |
USB's free cash flow was $12.8B over the past year, up 29% from the year before. Free cash flow isn't a meaningful measure for financial services companies like USB.
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 USB 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 |
USB Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.3% | +4M shares |
| 1 year | +0.1% | +2M shares |
| 3 years | +0.6% | +10M shares |
| 5 years | +5.1% | +75M shares |
| Available history | -1.5% | -24M shares |
USB has 1.6B diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | $1M |
| Q2 2026 | $201M |
| Q1 2026 | $276M |
| Q4 2025 | $122M |
| Q3 2025 | $101M |
| Q2 2025 | $106M |
| Q1 2025 | $160M |
| Q4 2024 | $122M |
USB spent $600M buying back its own shares over the past year, up 23% 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.
USB Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -2.5x | Net Cash |
| Q2 2026 | -2.6x | Net Cash |
| Q1 2026 | -2.9x | Net Cash |
| Q4 2025 | -2.9x | Net Cash |
| Q3 2025 | -5.1x | Net Cash |
| Q2 2025 | -4.5x | Net Cash |
| Q1 2025 | -3.5x | Net Cash |
| Q4 2024 | -4.6x | Net Cash |
USB 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).
USB Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 53.9 | Neutral |
| Stochastic | 39.8 | Neutral |
USB's weekly RSI is 54 (neutral) and its Stochastic is 40 (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.
USB PE vs Financial Services Sector
| Metric | USB | Sector median | Relative |
|---|---|---|---|
| PE | 12x | 13x | 9.4% below |
| PE % | 51 | 63 | 12 pts below |
USB 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 USB on trend strength, trading above more of its moving averages.
USB Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $59.0 | 2.6% above |
| 20 week MA | $61.3 | 1.4% below |
| 50 week MA | $57.6 | 4.9% above |
| 100 week MA | $51.7 | 17% above |
| 200 week MA | $46.1 | 31% above |
USB's trend is mixed: it's above four of its five weekly moving averages, and 31% 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 USB on returns for 2026, with the stronger performance.
USB Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $59.7 | $46.5 | -22% |
| 2021 | $46.5 | $56.3 | +21% |
| 2022 | $56.3 | $43.2 | -23% |
| 2023 | $43.2 | $43.3 | +0.2% |
| 2024 | $43.3 | $48.5 | +12% |
| 2025 | $48.5 | $55.0 | +13% |
| 2026 YTD | $55.0 | $60.5 | +10% |
USB has finished higher in four of the last six years. It's up 10% so far in 2026.