BLK
BlackRock, Inc.
BLK offers stronger fundamentals, but that advantage does not outweigh its weaker overall profile.
WHG
Westwood Holdings Group, Inc.
WHG 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.
WHG Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| N/A | |
| N/A |
WHG's profitability is currently healthy, and its revenue is stable. Free cash flow and net leverage aren't meaningful measures for financial services companies like WHG.
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 WHG in the historical PE scenario, which offers more potential upside but is not a forecast.
WHG PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 14x | $11.25 | -40% |
| Fair | 23x | $18.30 | -1.8% |
| Current | 23x | $18.63 | — |
| Expensive | 50x | $40.71 | +119% |
Historical ranges are pointers, not guarantees.
WHG's PE is in its fair range at 23x.
BLK Forward outlook
There aren't enough analyst estimates for BLK to show an outlook.
WHG Forward outlook
There aren't enough analyst estimates for WHG 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% |
BLK earned $43.87 per share over the past year, up 11% from the year before.
WHG Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | $0.81 | +350% |
| Q2 2026 | $0.88 | +$1.10 |
| Q1 2026 | $0.83 | +$1.44 |
| Q4 2025 | $0.79 | +$1.18 |
| Q3 2025 | $0.18 | -44% |
| Q2 2025 | -$0.22 | -131% |
| Q1 2025 | -$0.61 | -145% |
| Q4 2024 | -$0.39 | -133% |
WHG's earnings per share have fallen from their peak: $0.81 over the past year, against $1.35 in early 2024.
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 WHG 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 WHG on profitability, with a higher operating margin.
WHG Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $26.6M | +9.4% |
| Q2 2026 | $25.3M | +9.6% |
| Q1 2026 | $25M | +7.4% |
| Q4 2025 | $27.1M | +32% |
| Q3 2025 | $24.3M | +2.4% |
| Q2 2025 | $23.1M | +1.9% |
| Q1 2025 | $23.3M | +2.3% |
| Q4 2024 | $20.5M | -12% |
WHG's revenue has grown year over year for seven quarters in a row: $27M last quarter, up 9.4% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 5.2% | -3.1 points |
| Q2 2026 | 8.1% | +4.4 points |
| Q1 2026 | -6% | -5.7 points |
| Q4 2025 | 8% | -4.5 points |
| Q3 2025 | 8.3% | +10 points |
| Q2 2025 | 3.8% | +22 points |
| Q1 2025 | -0.3% | -13 points |
| Q4 2024 | 13% | +0.3 points |
WHG's operating margin was 5.2% last quarter, down 3.1 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 WHG on cash flow, with more consistent year-over-year improvement.
WHG Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $5.9M | -30% |
| Q1 2026 | -$2.8M | +$2.1M |
| Q4 2025 | $8M | -9.7% |
| Q3 2025 | $8.5M | +1531% |
| Q1 2025 | -$4.9M | -160% |
| Q4 2024 | $8.8M | +98% |
| Q3 2024 | $519K | +$2.3M |
| Q1 2024 | $8.1M | +$11.4M |
WHG's free cash flow was $16M over the past year, up 25% from the year before. Free cash flow isn't a meaningful measure for financial services companies like WHG.
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 WHG 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 |
WHG Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +1.2% | +112K shares |
| 1 year | +2.8% | +251K shares |
| 3 years | +13% | +1.1M shares |
| 5 years | +16% | +1.2M shares |
| Available history | +8.6% | +729K shares |
WHG has 9M diluted shares, up 2.8% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2025 | — |
| Q3 2025 | — |
| Q4 2024 | — |
| Q3 2024 | $273,000 |
| Q4 2023 | — |
| Q3 2023 | — |
| Q2 2023 | — |
| Q1 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 more cash than debt. Net leverage isn't a meaningful measure for financial services companies like BLK.
WHG Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -3.3x | Net Cash |
| Q2 2026 | -2.7x | Net Cash |
| Q1 2024 | -2.0x | Net Cash |
| Q4 2023 | -1.9x | Net Cash |
| Q3 2023 | -4.5x | Net Cash |
| Q2 2022 | -3.3x | Net Cash |
| Q1 2022 | -2.7x | Net Cash |
| Q4 2021 | -1.8x | Net Cash |
WHG 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).
WHG Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 50.4 | Neutral |
| Stochastic | 27.1 | Neutral |
WHG's weekly RSI is 50 (neutral) and its Stochastic is 27 (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.
WHG PE vs Financial Services Sector
| Metric | WHG | Sector median | Relative |
|---|---|---|---|
| PE | 23x | 13x | 77% above |
| PE % | 51 | 63 | 12 pts below |
WHG 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 WHG on trend strength, trading above more of its moving averages.
WHG Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $18.9 | 1.4% below |
| 20 week MA | $19.2 | 3% below |
| 50 week MA | $17.9 | 4% above |
| 100 week MA | $17.1 | 9.3% above |
| 200 week MA | $14.7 | 27% above |
WHG has pulled back, but its long-term trend is still up: it's below its 8- and 20-week averages, but 27% 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 WHG on returns for 2026, with the stronger performance.
WHG Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $29.6 | $13.4 | -55% |
| 2021 | $13.4 | $16.8 | +26% |
| 2022 | $16.8 | $10.5 | -38% |
| 2023 | $10.5 | $12.6 | +20% |
| 2024 | $12.6 | $14.1 | +12% |
| 2025 | $14.1 | $17.8 | +26% |
| 2026 YTD | $17.8 | $18.6 | +4.7% |
WHG has finished higher in four of the last six years. It's up 4.7% so far in 2026.