BLK
BlackRock, Inc.
BLK has the edge over VRTS overall, supported by stronger fundamentals and stronger modeled upside.
VRTS
Virtus Investment Partners, Inc.
VRTS offers stronger valuation, but that advantage does not outweigh its weaker overall profile.
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.
VRTS Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Stable | |
| N/A | |
| N/A |
VRTS's revenue and profitability are currently stable. Free cash flow and net leverage aren't meaningful measures for financial services companies like VRTS.
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.
VRTS PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 6.3x | $125 | — |
| Current | 7.7x | $125 | — |
| Cheap | 8.4x | $135 | +8.8% |
| Fair | 11x | $185 | +48% |
| Expensive | 15x | $242 | +94% |
Historical ranges are pointers, not guarantees.
VRTS 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.
VRTS Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Decline | |
| Decline | |
| Strongly weakening | |
| Limited | |
| High |
Analysts expect VRTS's earnings and revenue to decline, with profitability weakening.
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.
VRTS Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $19.84 | +23% |
| Q3 2026 | $16.14 | -17% |
| Q2 2026 | $17.53 | -15% |
| Q1 2026 | $16.97 | +0.8% |
| Q4 2025 | $19.97 | +18% |
| Q3 2025 | $19.47 | +18% |
| Q2 2025 | $20.53 | +38% |
| Q1 2025 | $16.84 | +1.4% |
| Q4 2024 | $16.89 | -4.6% |
VRTS's earnings per share have fallen from their peak: $16.14 over the past year, against $26.01 in late 2021.
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 VRTS 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 has the edge over VRTS on profitability, with a higher operating margin.
VRTS Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $197.6M | -8.7% |
| Q2 2026 | $201.4M | -4.4% |
| Q1 2026 | $199.5M | -8.4% |
| Q4 2025 | $208M | -11% |
| Q3 2025 | $216.4M | -4.7% |
| Q2 2025 | $210.5M | -6.2% |
| Q1 2025 | $217.9M | -1.9% |
| Q4 2024 | $233.5M | +8.8% |
VRTS's revenue has slid since its 2021 peak: $198M last quarter, down 8.7% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 17% | -4.4 points |
| Q2 2026 | 14% | -7.9 points |
| Q1 2026 | 7.7% | -9 points |
| Q4 2025 | 19% | -2.6 points |
| Q3 2025 | 22% | -2.6 points |
| Q2 2025 | 21% | +1.8 points |
| Q1 2025 | 17% | +2.2 points |
| Q4 2024 | 22% | +3.6 points |
VRTS's operating margin was 17% last quarter, down 4.4 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 has the edge over VRTS on cash generation, producing positive trailing cash flow while its opponent burns cash.
VRTS Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $74.4M | -30% |
| Q2 2026 | $56.1M | -24% |
| Q1 2026 | $33.5M | +$40.3M |
| Q4 2025 | -$248.4M | -$143.7M |
| Q3 2025 | $106.9M | +55% |
| Q2 2025 | $74.2M | +8.1% |
| Q1 2025 | -$6.8M | +$29.7M |
| Q4 2024 | -$104.7M | -2223% |
VRTS's free cash flow was −$84M over the past year, against $70M the year before. Free cash flow isn't a meaningful measure for financial services companies like VRTS.
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 |
VRTS Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.1% | -4K shares |
| 1 year | -1.4% | -93K shares |
| 3 years | -8.2% | -605K shares |
| 5 years | -15% | -1.2M shares |
| Available history | -17% | -1.4M shares |
VRTS has the edge over BLK on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $10M |
| Q2 2026 | $10.5M |
| Q1 2026 | $10M |
| Q4 2025 | $10M |
| Q3 2025 | — |
| Q2 2025 | $30M |
| Q1 2025 | $20M |
| Q4 2024 | $12.5M |
VRTS spent $40M buying back its own shares over the past year, down 35% 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 VRTS on leverage, with a lower net debt burden relative to earnings.
VRTS Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.6x | Very low |
| Q2 2026 | 0.7x | Very low |
| Q1 2026 | 0.8x | Very low |
| Q4 2025 | -0.4x | Net Cash |
| Q3 2025 | -0.3x | Net Cash |
| Q2 2025 | -0.1x | Net Cash |
| Q1 2025 | 0.1x | Very low |
| Q4 2024 | -0.7x | Net Cash |
VRTS's net debt is less than a year of its operating earnings (EBITDA), after holding more cash than debt a year ago. Net leverage isn't a meaningful measure for financial services companies like VRTS.
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).
VRTS Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 39.0 | Neutral |
| Stochastic | 12.1 | Oversold |
VRTS's weekly RSI is 39 (neutral) and its Stochastic is 12 (oversold).
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.
VRTS PE vs Financial Services Sector
| Metric | VRTS | Sector median | Relative |
|---|---|---|---|
| PE | 7.7x | 13x | 41% below |
| PE % | 12 | 63 | 51 pts below |
VRTS 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 VRTS on trend strength, trading above more of its moving averages.
VRTS Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $126.0 | 1.1% below |
| 20 week MA | $145.6 | 14% below |
| 50 week MA | $146.4 | 15% below |
| 100 week MA | $165.0 | 24% below |
| 200 week MA | $189.1 | 34% below |
VRTS is in a downtrend: it's below all five of its weekly moving averages, and 34% below 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 VRTS on returns for 2026, with the stronger performance.
VRTS Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $122.5 | $214.9 | +75% |
| 2021 | $214.9 | $296.5 | +38% |
| 2022 | $296.5 | $189.9 | -36% |
| 2023 | $189.9 | $241.8 | +27% |
| 2024 | $241.8 | $222.9 | -7.8% |
| 2025 | $222.9 | $166.4 | -25% |
| 2026 YTD | $166.4 | $124.6 | -25% |
VRTS has finished lower in three of the last six years. It's down 25% so far in 2026.