BLK
BlackRock, Inc.
BLK's fundamentals are mixed, but it looks expensive: trading at 28x earnings, above its usual 22x.
WDH
Waterdrop Inc.
There isn't enough reported data to score WDH yet.
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.
WDH Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Healthy | |
| N/A | |
| N/A |
WDH's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like WDH.
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.
WDH PE Valuation
WDH has no meaningful PE right now: it lost money over the past year.
BLK Forward outlook
There aren't enough analyst estimates for BLK to show an outlook.
WDH Forward outlook
There aren't enough analyst estimates for WDH to show an outlook.
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% |
WDH has the stronger earnings trend. Trailing diluted EPS is up 11% for BLK versus WDH up 62%.
WDH Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2025 | $0.21 | +62% |
| Q2 2025 | $0.18 | +64% |
| Q1 2025 | $0.16 | +100% |
| Q4 2024 | $0.14 | +100% |
| Q3 2024 | $0.13 | +44% |
| Q2 2024 | $0.11 | -21% |
| Q1 2024 | $0.08 | -60% |
| Q4 2023 | $0.07 | -70% |
WDH earned $0.21 per share over the past year, up 62% from the year before.
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 has the edge over WDH on profitability, with a higher operating margin.
WDH Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $217.6M | +73% |
| Q1 2026 | $185.3M | +64% |
| Q4 2025 | $208.9M | +103% |
| Q3 2025 | $146.3M | +38% |
| Q2 2025 | $125.8M | +24% |
| Q1 2025 | $113.1M | +7% |
| Q4 2024 | $103.1M | +4.2% |
| Q3 2024 | $105.7M | +2.6% |
WDH has the edge over BLK on sales, with stronger typical year-over-year growth.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 7.7% | -3.9 points |
| Q1 2026 | 6.4% | -3.6 points |
| Q4 2025 | 5.9% | -1.8 points |
| Q3 2025 | 12% | +7.9 points |
| Q2 2025 | 12% | +3.9 points |
| Q1 2025 | 10% | +3.5 points |
| Q4 2024 | 7.7% | +3.7 points |
| Q3 2024 | 3.8% | +4.1 points |
WDH's operating margin was 7.7% last quarter, down 3.9 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 WDH on cash flow, with more consistent year-over-year improvement.
WDH Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $0 | $0 |
| Q1 2026 | $0 | $0 |
| Q4 2025 | $0 | $0 |
| Q3 2025 | $0 | $0 |
| Q2 2025 | $0 | $0 |
| Q1 2025 | $0 | $0 |
| Q4 2024 | $0 | $0 |
| Q3 2024 | $0 | $0 |
WDH's free cash flow was $0 over the past year, against $0 the year before. Free cash flow isn't a meaningful measure for financial services companies like WDH.
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 WDH 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 |
WDH Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.4% | +1.4M shares |
| 1 year | +1% | +3.5M shares |
| 3 years | -6.9% | -27.4M shares |
| 5 years | +16% | +51M shares |
| Available history | +16% | +51M shares |
WDH has 372M diluted shares, up 1% from a year ago.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
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.
WDH Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | -3.5x | Net Cash |
| Q1 2026 | -3.7x | Net Cash |
| Q4 2025 | -1.1x | Net Cash |
| Q3 2025 | -0.8x | Net Cash |
| Q2 2025 | -2.5x | Net Cash |
| Q1 2025 | -5.3x | Net Cash |
| Q4 2024 | -4.0x | Net Cash |
| Q3 2024 | -1.5x | Net Cash |
WDH 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).
WDH Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 32.1 | Neutral |
| Stochastic | 20.2 | Neutral |
WDH's weekly RSI is 32 (neutral) and its Stochastic is 20 (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.
WDH PE vs Financial Services Sector
| Metric | WDH | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 13x | — |
WDH has no meaningful PE right now: it lost money over the past year.
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 WDH on trend strength, trading above more of its moving averages.
WDH Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $1.02 | 2% below |
| 20 week MA | $1.05 | 4.8% below |
| 50 week MA | $1.42 | 30% below |
| 100 week MA | $1.46 | 32% below |
| 200 week MA | $1.54 | 35% below |
WDH is in a downtrend: it's below all five of its weekly moving averages, and 35% 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 WDH on returns for 2026, with the stronger performance.
WDH Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $9.70 | $1.36 | -86% |
| 2022 | $1.36 | $3.05 | +124% |
| 2023 | $3.05 | $1.04 | -66% |
| 2024 | $1.04 | $1.18 | +13% |
| 2025 | $1.18 | $1.90 | +61% |
| 2026 YTD | $1.90 | $1.00 | -47% |
WDH's yearly returns have swung widely, from +124% in 2022 to −86% in 2021. It's down 47% so far in 2026.