BLK
BlackRock, Inc.
BLK's fundamentals are mixed, but it looks expensive: trading at 28x earnings, above its usual 22x.
WSBF
Waterstone Financial, Inc.
WSBF's fundamentals are strong, but it looks expensive: trading at 12x earnings, right at its usual valuation. Analysts expect earnings to decline.
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.
WSBF Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| N/A | |
| N/A |
WSBF's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like WSBF.
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 WSBF in the historical PE scenario, which offers more potential upside but is not a forecast.
WSBF PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 6.7x | $11.46 | -43% |
| Forward | 10x | $20.14 | — |
| Fair | 12x | $20.71 | +2.8% |
| Current | 12x | $20.14 | — |
| Expensive | 21x | $35.11 | +74% |
Historical ranges are pointers, not guarantees.
WSBF's PE is in its fair range at 12x. On analysts' estimates for next year's earnings, today's price would be 10x.
BLK Forward outlook
There aren't enough analyst estimates for BLK to show an outlook.
WSBF Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Decline | |
| Stable | |
| Strongly weakening | |
| Limited | |
| High |
Analysts expect WSBF's earnings and profitability to decline, with its revenue holding steady.
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.
WSBF Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.01 | +18% |
| Q2 2026 | $1.71 | +50% |
| Q1 2026 | $1.65 | +62% |
| Q4 2025 | $1.48 | +47% |
| Q3 2025 | $1.33 | +82% |
| Q2 2025 | $1.14 | +81% |
| Q1 2025 | $1.02 | +96% |
| Q4 2024 | $1.01 | +120% |
| Q3 2024 | $0.73 | +43% |
WSBF 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 has the edge over WSBF 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 WSBF on profitability, with a higher operating margin.
WSBF Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $40.3M | +5.8% |
| Q1 2026 | $35.7M | +20% |
| Q4 2025 | $37.2M | +17% |
| Q3 2025 | $37M | +8.7% |
| Q2 2025 | $38M | +2.3% |
| Q1 2025 | $29.7M | -8.4% |
| Q4 2024 | $31.8M | +11% |
| Q3 2024 | $34.1M | -0.4% |
WSBF's revenue is recovering but still below its 2020 peak: $40M last quarter, up 5.8% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 26% | +1 points |
| Q1 2026 | 21% | +8.1 points |
| Q4 2025 | 27% | +7.6 points |
| Q3 2025 | 27% | +9.3 points |
| Q2 2025 | 25% | +6.2 points |
| Q1 2025 | 13% | -1.6 points |
| Q4 2024 | 19% | +22 points |
| Q3 2024 | 17% | +6.3 points |
WSBF's operating margin was 26% last quarter, up 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'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.
WSBF Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $9.4M | +$47.9M |
| Q1 2026 | -$1.6M | -106% |
| Q4 2025 | $2.6M | -89% |
| Q3 2025 | $32.4M | -56% |
| Q2 2025 | -$38.5M | +$1.2M |
| Q1 2025 | $26.5M | +$36.8M |
| Q4 2024 | $23.1M | +$24.5M |
| Q3 2024 | $73.9M | +65% |
WSBF's free cash flow was $43M over the past year, down 50% from the year before. Free cash flow isn't a meaningful measure for financial services companies like WSBF.
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 |
WSBF Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.4% | -246K shares |
| 1 year | -4.6% | -820K shares |
| 3 years | -16% | -3.2M shares |
| 5 years | -28% | -6.8M shares |
| Available history | -34% | -8.8M shares |
WSBF has the edge over BLK on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q2 2026 | $3.7M |
| Q1 2026 | $4.4M |
| Q4 2025 | $2.7M |
| Q3 2025 | $3.8M |
| Q2 2025 | $6.5M |
| Q1 2025 | $3.2M |
| Q4 2024 | $2.8M |
| Q3 2024 | $999,000 |
WSBF spent $15M buying back its own shares over the past year, up 8.6% 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 WSBF on leverage, with a lower net debt burden relative to earnings.
WSBF Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 9.2x | High |
| Q1 2026 | 9.4x | High |
| Q4 2025 | 9.7x | High |
| Q3 2025 | 13.1x | High |
| Q2 2025 | 14.2x | High |
| Q1 2025 | 13.9x | High |
| Q4 2024 | 15.5x | High |
| Q3 2024 | 32.9x | High |
WSBF's net debt is about 9.2 years of its operating earnings (EBITDA), down from 14 years a year ago. Net leverage isn't a meaningful measure for financial services companies like WSBF.
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).
WSBF Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 54.1 | Neutral |
| Stochastic | 26.1 | Neutral |
WSBF's weekly RSI is 54 (neutral) and its Stochastic is 26 (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.
WSBF PE vs Financial Services Sector
| Metric | WSBF | Sector median | Relative |
|---|---|---|---|
| PE | 12x | 13x | 9.5% below |
| PE % | 44 | 63 | 19 pts below |
WSBF 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 WSBF on trend strength, trading above more of its moving averages.
WSBF Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $19.9 | 1.2% above |
| 20 week MA | $20.4 | 1.1% below |
| 50 week MA | $18.9 | 6.4% above |
| 100 week MA | $16.4 | 23% above |
| 200 week MA | $15.0 | 34% above |
WSBF's trend is mixed: it's above four of its five weekly moving averages, and 34% 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.
WSBF Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $19.2 | $18.6 | -3.1% |
| 2021 | $18.6 | $21.7 | +16% |
| 2022 | $21.7 | $16.9 | -22% |
| 2023 | $16.9 | $14.2 | -16% |
| 2024 | $14.2 | $13.4 | -5.5% |
| 2025 | $13.4 | $16.4 | +22% |
| 2026 YTD | $16.4 | $20.1 | +23% |
WSBF has the edge over BLK on returns for 2026, with the stronger performance.