BLK
BlackRock, Inc.
BLK has lower modeled downside risk, despite its lower overall score.
VCTR
Victory Capital Holdings, Inc.
VCTR has the edge over BLK overall, supported by stronger fundamentals.
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.
VCTR Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| N/A | |
| N/A |
VCTR's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like VCTR.
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 has the edge over VCTR in the historical PE scenario, which offers more potential upside but is not a forecast.
VCTR PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 7.9x | $43.06 | -65% |
| Fair | 11x | $59.64 | -52% |
| Forward | 15x | $124 | — |
| Expensive | 17x | $92.20 | -26% |
| Current | 23x | $124 | — |
Historical ranges are pointers, not guarantees.
VCTR's PE is in its expensive range at 23x. If earnings grow as analysts expect, today's price would be 15x next year's earnings.
BLK Forward outlook
There aren't enough analyst estimates for BLK to show an outlook.
VCTR Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for VCTR, 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.
VCTR Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $8.47 | +55% |
| Q3 2026 | $5.45 | +39% |
| Q2 2026 | $5.45 | +34% |
| Q1 2026 | $4.45 | -1.1% |
| Q4 2025 | $4.08 | -6.8% |
| Q3 2025 | $3.93 | -2% |
| Q2 2025 | $4.06 | +15% |
| Q1 2025 | $4.50 | +38% |
| Q4 2024 | $4.38 | +40% |
VCTR 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's operating margin was 30% last quarter, about level with the same quarter a year ago, near the bottom of its range since 2019.
VCTR Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $396.6M | +9.8% |
| Q2 2026 | $435.4M | +24% |
| Q1 2026 | $388M | +77% |
| Q4 2025 | $374.1M | +61% |
| Q3 2025 | $361.2M | +60% |
| Q2 2025 | $351.2M | +60% |
| Q1 2025 | $219.6M | +1.7% |
| Q4 2024 | $232.4M | +13% |
VCTR has the edge over BLK on sales, with stronger typical year-over-year growth.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 35% | -3.5 points |
| Q2 2026 | 45% | +18 points |
| Q1 2026 | 41% | -1.3 points |
| Q4 2025 | 41% | -7.2 points |
| Q3 2025 | 38% | -15 points |
| Q2 2025 | 27% | -24 points |
| Q1 2025 | 42% | +3 points |
| Q4 2024 | 48% | +6.2 points |
VCTR 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.
VCTR Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $222.4M | +35% |
| Q2 2026 | $134.2M | +$141.7M |
| Q1 2026 | $120.1M | +51% |
| Q4 2025 | $144.5M | +58% |
| Q3 2025 | $164.8M | +66% |
| Q2 2025 | -$7.5M | -109% |
| Q1 2025 | $79.5M | +17% |
| Q4 2024 | $91.7M | -4.8% |
VCTR 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 |
VCTR Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.5% | -311K shares |
| 1 year | -6.7% | -4.5M shares |
| 3 years | -7.7% | -5.2M shares |
| 5 years | -16% | -11.6M shares |
| Available history | -15% | -11M shares |
VCTR has the edge over BLK on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $6.5M |
| Q2 2026 | $91.4M |
| Q1 2026 | $127.2M |
| Q4 2025 | $50.7M |
| Q3 2025 | $118.5M |
| Q2 2025 | $26M |
| Q1 2025 | $451,000 |
| Q4 2024 | $96.9M |
VCTR spent $276M buying back its own shares over the past year, up 14% 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 the edge over VCTR on leverage, with a lower net debt burden relative to earnings.
VCTR Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 1.0x | Healthy |
| Q2 2026 | 1.2x | Healthy |
| Q1 2026 | 1.4x | Healthy |
| Q4 2025 | 1.5x | Healthy |
| Q3 2025 | 1.7x | Healthy |
| Q2 2025 | 1.9x | Healthy |
| Q1 2025 | 1.7x | Healthy |
| Q4 2024 | 1.8x | Healthy |
VCTR's net debt is about a year of its operating earnings (EBITDA), down from 1.7 years a year ago. Net leverage isn't a meaningful measure for financial services companies like VCTR.
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).
VCTR Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 71.9 | Overbought |
| Stochastic | 72.5 | Neutral |
VCTR's weekly RSI is 72 (overbought) and its Stochastic is 72 (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.
VCTR PE vs Financial Services Sector
| Metric | VCTR | Sector median | Relative |
|---|---|---|---|
| PE | 23x | 13x | 75% above |
| PE % | 99 | 63 | 36 pts above |
VCTR 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.
VCTR Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $113.1 | 10% above |
| 20 week MA | $108.5 | 15% above |
| 50 week MA | $87.3 | 43% above |
| 100 week MA | $75.7 | 64% above |
| 200 week MA | $58.3 | 114% above |
VCTR is in an uptrend: it's above all five of its weekly moving averages, and 114% 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.
VCTR Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $20.9 | $23.8 | +14% |
| 2021 | $23.8 | $36.7 | +54% |
| 2022 | $36.7 | $27.2 | -26% |
| 2023 | $27.2 | $34.4 | +27% |
| 2024 | $34.4 | $66.3 | +92% |
| 2025 | $66.3 | $64.3 | -3% |
| 2026 YTD | $64.3 | $124.4 | +94% |
VCTR has the edge over BLK on returns for 2026, with the stronger performance.