BLK
BlackRock, Inc.
BLK offers stronger fundamentals, but that advantage does not outweigh its weaker overall profile.
WASH
Washington Trust Bancorp, Inc.
WASH 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.
WASH Fundamentals
| Metric | Status |
|---|---|
| Unavailable | |
| Strong | |
| N/A | |
| N/A |
WASH's profitability is currently strong. There isn't enough data to rate its revenue. Free cash flow and net leverage aren't meaningful measures for financial services companies like WASH.
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.
WASH PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 8.7x | $29.19 | -25% |
| Fair | 11x | $38.02 | -2.4% |
| Forward | 11x | $38.95 | — |
| Current | 12x | $38.95 | — |
| Expensive | 13x | $42.85 | +10% |
Historical ranges are pointers, not guarantees.
WASH 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.
WASH Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| Low |
Analysts expect earnings and revenue growth for WASH, with profitability improving. However, they disagree widely on these estimates.
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% |
WASH has the stronger earnings trend. Trailing diluted EPS is up 11% for BLK versus WASH up 25%.
WASH Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $3.52 | +5.4% |
| Q3 2024 | $2.68 | -11% |
| Q2 2024 | $2.69 | -22% |
| Q1 2024 | $2.72 | -30% |
| Q4 2023 | $2.82 | -31% |
| Q3 2023 | $3.00 | -30% |
| Q2 2023 | $3.43 | -20% |
| Q1 2023 | $3.91 | -6% |
| Q4 2022 | $4.11 | -6.4% |
WASH's earnings per share have fallen from their peak: $3.34 over the past year, against $4.51 in early 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 WASH 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.
WASH Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $65M | +15% |
| Q2 2026 | $60.5M | +11% |
| Q1 2026 | $57.8M | -2.1% |
| Q3 2025 | $56.5M | +16% |
| Q2 2025 | $54.3M | +12% |
| Q1 2025 | $59.1M | +21% |
| Q3 2024 | $48.5M | -0.9% |
| Q2 2024 | $48.2M | +0.9% |
WASH's revenue is growing: $65M last quarter, up 15% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 38% | +13 points |
| Q2 2026 | 34% | +2 points |
| Q1 2026 | 28% | +1.3 points |
| Q4 2025 | 35% | N/A |
| Q3 2025 | 25% | -3.8 points |
| Q2 2025 | 32% | +2.9 points |
| Q1 2025 | 27% | -1.7 points |
| Q3 2024 | 29% | -0.3 points |
WASH 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 WASH on cash flow, with more consistent year-over-year improvement.
WASH Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $20.4M | -48% |
| Q2 2026 | $22M | +101% |
| Q1 2026 | $14.8M | +77% |
| Q3 2025 | $39.3M | +61% |
| Q2 2025 | $10.9M | +14% |
| Q1 2025 | $8.4M | +533% |
| Q3 2024 | $24.4M | -17% |
| Q2 2024 | $9.6M | +$32.4M |
WASH's free cash flow was $77M over the past year, down 7.3% from the year before. Free cash flow isn't a meaningful measure for financial services companies like WASH.
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 WASH 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 |
WASH Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.3% | +60K shares |
| 1 year | +0.1% | +21K shares |
| 3 years | +13% | +2.2M shares |
| 5 years | +10% | +1.8M shares |
| Available history | +10% | +1.8M shares |
WASH has 19M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q4 2025 | $629,000 |
| Q3 2025 | $6.4M |
| Q3 2024 | — |
| Q2 2024 | — |
| Q1 2024 | — |
| Q4 2023 | $73,000 |
| Q3 2023 | — |
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 WASH on leverage, with a lower net debt burden relative to earnings.
WASH Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 4.2x | High |
| Q2 2026 | 5.8x | High |
| Q1 2026 | 7.7x | High |
| Q4 2025 | 8.4x | High |
| Q3 2024 | 18.7x | High |
| Q2 2024 | 24.6x | High |
| Q1 2024 | 19.3x | High |
| Q4 2023 | 18.0x | High |
WASH's net debt is about 4.2 years of its operating earnings (EBITDA), down from 19 years a year ago. Net leverage isn't a meaningful measure for financial services companies like WASH.
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).
WASH Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 58.1 | Neutral |
| Stochastic | 52.2 | Neutral |
WASH's weekly RSI is 58 (neutral) and its Stochastic is 52 (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.
WASH PE vs Financial Services Sector
| Metric | WASH | Sector median | Relative |
|---|---|---|---|
| PE | 12x | 13x | 10% below |
| PE % | 56 | 63 | 7 pts below |
WASH 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.
WASH Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $38.3 | 1.6% above |
| 20 week MA | $38.5 | 1.2% above |
| 50 week MA | $35.1 | 11% above |
| 100 week MA | $32.1 | 21% above |
| 200 week MA | $31.2 | 25% above |
WASH is in an uptrend: it's above all five of its weekly moving averages, and 25% 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.
WASH Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $54.0 | $44.3 | -18% |
| 2021 | $44.3 | $56.4 | +27% |
| 2022 | $56.4 | $47.6 | -16% |
| 2023 | $47.6 | $32.4 | -32% |
| 2024 | $32.4 | $30.8 | -5% |
| 2025 | $30.8 | $30.2 | -1.8% |
| 2026 YTD | $30.2 | $39.0 | +29% |
WASH has the edge over BLK on returns for 2026, with the stronger performance.