BLK vs UNH: Which Is the Better Buy?
Side-by-side comparison of BlackRock, Inc. and UnitedHealth Group Incorporated — fair value, conviction, valuation metrics, and QuantHub research signals.
Updated 2026-09-21.
BlackRock, Inc. · Financial Services
$1,069.78
+44.0% upside to fair value
High Conviction
Grade A
High Quality
VS
UnitedHealth Group Incorporated · Healthcare
$375.21
+28.2% upside to fair value
Med Conviction
Grade B
High Quality
QuantHub Verdict
BLK has more upside to fair value
(+44.0%).
These are model outputs — not personalized investment advice.
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Valuation & Fundamentals
| Metric |
BLK |
UNH |
| Current Price |
$1,069.78 |
$375.21 |
| Fair Value Estimate |
$1,540.94 |
$481.06 |
| Upside to Fair Value |
+44.0%
|
+28.2%
|
| Market Cap |
$165.8B |
$340.7B |
| Forward P/E |
—
|
—
|
| EV / EBITDA |
15.9x
|
15.0x
|
| Price / Sales |
6.1x
|
0.8x
|
| Price / FCF |
71.5x
|
14.4x
|
| Revenue Growth YoY |
+30.6%
|
+0.4%
|
| Gross Margin |
55.7%
|
22.5%
|
| Operating Margin |
31.1%
|
4.8%
|
| Return on Equity |
11.7%
|
14.6%
|
| Dividend Yield |
2.09% |
2.41% |
| FCF Yield |
1.4%
|
6.95%
|
| Analyst Consensus |
Strong Buy
|
Strong Buy
|
Investment Thesis
BlackRock is the world's largest asset manager, overseeing $15.345 trillion in assets across ETFs, active strategies, alternatives, and the Aladdin investment-technology platform, serving institutional, intermediary, and individual clients globally. The business quality is high: TTM gross margin of 55.7%, operating margin of 31.1%, and net margin of 24.1% reflect the scalability of a fee-based mo…
UnitedHealth Group is the largest diversified healthcare enterprise in the United States, operating UnitedHealthcare insurance plans alongside Optum Health, Optum Insight, and Optum Rx, with 390,000 employees and a market capitalization of $340.74 billion. The business quality is high: a 14.6% return on equity, $26.07 in free cash flow per share, and a P/FCF of 14.39 demonstrate strong cash gener…
Accumulation Zones
| Metric |
BLK |
UNH |
| Zone Low |
$1,155.70 |
$360.80 |
| Zone High |
$1,309.80 |
$408.90 |
| In Buy Zone? |
Yes
|
Yes
|