BlackRock is the largest asset manager in the world, with $15.345 trillion in assets under management at the end of June 2026. Its product mix is diverse, with 58% of managed assets in equity strategies, 22% in fixed income, 9% in multi-asset classes, 7% in money market funds, and 4% in alternatives.
It is a $168B financial services company. Revenue grew 26.5% over the last year, and it keeps 24¢ of every dollar of sales as profit. It trades at 26.7× earnings — in the most expensive third of its own history.
- Website
- blackrock.com
- Location
- New York, NY
- Employees
- 26 200
- Sector
- Financial Services
- Founded
- 1988
Skills
Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.
Strong moat; Valuation and Growth lag behind.
Valuation34
- P/E vs own history71th pct · 5/25
- FCF yield2.1% · 5/25
- P/S6.4x · 12/25
- EV/EBITDA17.9x · 12/25
Growth43
- Revenue CAGR5.7% · 12/25
- Net income CAGR-1.5% · 0/25
- EPS CAGR ~5Y1.6% · 6/25
- Fwd implied growth56.0% · 25/25
Profitability74
- ROIC9.7% · 12/25
- ROE11.7% · 12/25
- Net margin24.1% · 25/25
- Operating margin32.6% · 25/25
Health70
- Altman Zn/a · 0/25
- Current ratio2.39 · 25/25
- Interest coverage67.2x · 25/25
- Net cash / debtD/A 1% · 20/25
Quality62
- Piotroski F4/9 · 10/25
- Beneish M-2.18 · 12/25
- FCF conversion53% · 15/25
- Margin stabilityσ 4.2% · 25/25
Moat95
- ROIC >12% years9/10 yrs · 25/25
- Median gross margin48.6% · 20/25
- FCF-positive years10/10 yrs · 25/25
- Worst-year net marginworst 22.9% · 25/25
Experience
The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.
- 2025ProductBlackRock launched its first European bitcoin exchange-traded product, the iShares Bitcoin ETP,…
- FY2024FinancialBest year on record$6.37B net income
- 2024ProductBlackRock launched its first tokenized fund, the BlackRock USD Institutional Digital Liquidity Fund…
- 2024AcquisitionBlackRock agreed to acquire HPS Investment Partners, a private credit manager with approximately…
- FY2020FinancialBecame debt-freecash now exceeds total debt
- FY2018FinancialRevenue crossed $1B$14.2B for the year
- FY2018FinancialRevenue crossed $10B$14.2B for the year
- FY2016FinancialProfitable every year on record10 consecutive profitable years in our data
- FY2016FinancialPositive free cash flow every year since10-year streak
- 2009AcquisitionBlackRock acquired R3 Capital Management, LLC and management of its $1.5 billion fund
- 2007AcquisitionBlackRock acquired the fund-of-funds business of Quellos Capital Management
- 2006AcquisitionBlackRock merged with Merrill's Investment Managers division (MLIM) in 2006, halving PNC's ownership and giving…
- 2004AcquisitionBlackRock made its first major acquisition, buying State Street Research & Management's holding…
- 2000ProductThe firm launched BlackRock Solutions to provide risk management and investment analytics to institutional…
- Oct 1, 1999IPOBlackRock became a public company, selling shares at $14 each via an initial public offering on…
- 1988FoundedFounded in 1988, initially as an enterprise risk management and fixed income institutional asset manager, BlackRock…
Achievements
Verifiable track record, straight from the reported numbers.
Strengths & watch-outs
What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.
Strengths
- High gross margin (81.7%)
- Strongly profitable — 24.1% net margin
- Revenue growing 26.5% year over year
- Interest covered 67.2× by operating earnings
Watch-outs
Nothing stands out as a concern in the available data.
Qualifications
The basics a company should meet before you research it further. Each check uses the reported numbers.
- Revenue growing — the company sells more than a year ago+26.5% YoY
- Profitable — makes more than it spends$6.58B TTM
- Profit growing — earnings are higher than last year+0.5% YoY
- Generates cash — cash left after running and investing$3.52B TTM
- Debt under control — could handle its obligations~0.4y of cash flow to repay
- Established company — not a micro-cap — lower blow-up risk$168B market cap
- Not printing shares — share count not ballooning — you keep your slice+3.9% shares over ~5y
- Proven track record — years of profitability behind it10/10 profitable years
- Financially stable — balance sheet not near distresshealth score 50/100
- Pays a dividend — returns cash to shareholdersyield 2.05%
- Valuation not extreme — price not wildly above earningsP/E 26.7
Peer comparisonBlackrock, Inc. vs 6 largest financial services peers — cap, P/E, growth and margin side by sideOpen ▾Close ▴
| Company | Market cap | P/E | Revenue growth | Net margin | Profile |
|---|---|---|---|---|---|
| BLK this company | $167.8B | 26.7 | +26.5% | 24.1% | Mixed |
| BRK.A Berkshire Hathaway Inc. | $1.1T | 11.6 | +3.9% | 22.3% | Mixed |
| BRK.B Berkshire Hathaway | $1.1T | 11.6 | +0.0% | 18.0% | Strong |
| JPM JPMorgan Chase & Co. | $886.2B | 13.6 | +13.5% | 32.6% | Strained |
| V VISA Inc. | $723.9B | 31.9 | +14.4% | 50.8% | Solid |
| MA Mastercard Incorporated | $516.4B | 31.7 | +16.0% | 46.3% | Mixed |
| BAC Bank of America Corporation | $380.4B | 11.3 | +15.9% | 27.8% | Mixed |
Head-to-head: BLK vs BRK.A · BLK vs BRK.B · BLK vs JPM
References
What covering analysts publish about the company — information only, not a recommendation.
Appendix · Financial records
The full statements behind this CV, FY2016–FY2025. For readers who want to check the numbers.
Live data and quarterly detail: stockcv.com/BLK
Want the live picture — intraday moves, valuation history and full analysis?
Deeper analysis of BLK on PreMarketPriceFigures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $1 083.20 · market cap $168B.