Tearsheet
Investment Highlights Market Valuation Price Chart Business Description Interactive Breakdown Latest Trefis Analyses Better Bets vs. BLK Recent Active Movers More From Trefis Peer Financials Peer Growth & Margins Peer Valuation Peer Returns Peer Analyses FDIC Bank Data Financials Segment Financials Price Behavior Short Interest Earnings Returns History SEC Filings Insider Activity Industry Resource Links External Quote Links

BlackRock (BLK)

Market Price (9/17/2025): $1123.0 | Market Cap: $173.9 Bil
Sector: Financials | Industry: Asset Management & Custody Banks

BlackRock (BLK)

Market Price (9/17/2025): $1123.0
Market Cap: $173.9 Bil
Sector: Financials
Industry: Asset Management & Custody Banks

Investment Highlights

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.5%		 Trading close to highs
Dist 52W High is -3.1%, Dist 3Y High is -3.1%		 Expensive valuation multiples
P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 41x
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 20%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 18%, CFO LTM is 4.2 Bil, FCF LTM is 3.9 Bil		  
2 Low stock price volatility
Vol 12M is 27%		  
0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.5%
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 20%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 18%, CFO LTM is 4.2 Bil, FCF LTM is 3.9 Bil
2 Low stock price volatility
Vol 12M is 27%
3 Trading close to highs
Dist 52W High is -3.1%, Dist 3Y High is -3.1%
4 Expensive valuation multiples
P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 41x

Market Valuation

 9/17/252024202320222021
Share Price CYE$1,123.00$1,009.41$780.72$662.40$832.13
Market Cap CYE ($ Bil)173.9156.4115.999.4124.6
Total Debt ($ Bil)14.714.29.78.59.3
Total Cash ($ Bil)9.512.88.77.49.3
Enterprise Value ($ Bil)179.1170.6125.6107.9133.9
Valuation Ratios     
P/S TTM8.17.56.86.07.2
P/EBIT TTM19.217.416.316.416.6
P/E TTM27.224.122.020.623.6
Sector Ratios     
P/S TTM (Sector)3.23.12.82.83.4
P/EBIT TTM (Sector)7.16.97.17.17.0
P/E TTM (Sector)12.911.610.19.410.0
 9/17/2520242023
Share Price CYE$1,123.00$1,009.41$780.72
Market Cap CYE ($ Bil)173.9156.4115.9
Total Debt ($ Bil)14.714.29.7
Total Cash ($ Bil)9.512.88.7
Enterprise Value ($ Bil)179.1170.6125.6
Valuation Ratios   
P/S TTM8.17.56.8
P/EBIT TTM19.217.416.3
P/E TTM27.224.122.0
Sector Ratios   
P/S TTM (Sector)3.23.12.8
P/EBIT TTM (Sector)7.16.97.1
P/E TTM (Sector)12.911.610.1

Market Cap Chart

Business Description

BlackRock, Inc. is a publicly owned investment manager. The firm primarily provides its services to institutional, intermediary, and individual investors including corporate, public, union, and industry pension plans, insurance companies, third-party mutual funds, endowments, public institutions, governments, foundations, charities, sovereign wealth funds, corporations, official institutions, and banks. Show more

Price Returns Compared

Expand for Detailed View

 202020212022202320242025Total [1]
Returns
BLK Return47%29%-20%18%29%11%157%
Peers Return10%45%-10%7%37%29%173%
S&P 500 Return16%27%-19%24%23%12%104%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: MS, GS, SCHW, BK, STT. See BLK Returns vs. Peers.
[3] 2025 data is for the year up to 9/16/2025 (YTD)

Interactive Breakdown

BlackRock Interactive Breakdown Analysis

Better Bets than BlackRock (BLK)

 BLKBetter Performance than BLK
MetricValueIndustry (Asset Management & Custody Ban)
Rev Chg LTM15.5%BX (34.9%), BAM (21.4%), ARES (49.9%), CG (133.3%), OWL (31.8%)
Rev Chg 3Y Avg4.2%BX (6.3%), KKR (27.5%), APO (129.8%), BK (6.0%), AMP (8.7%)
Op Mgn LTM35.6%BAM (54.2%), HLNE (43.9%), VCTR (46.7%), CNS (36.2%), PAX (41.4%)
CFO/Rev LTM19.6%BX (29.2%), KKR (29.7%), BAM (20.3%), BK (20.3%), AMP (39.0%)
FCF/Rev LTM18.0%BX (28.3%), KKR (28.6%), BAM (20.3%), AMP (38.0%), ARES (82.4%)
Total Yield5.5%BX (5.6%), BK (8.4%), AMP (8.0%), STT (9.0%), NTRS (9.3%)
 BLKBetter Performance than BLK
MetricValueAll Other Sectors
Rev Chg LTM15.5%NVDA (71.6%), META (19.4%), AVGO (28.0%), LLY (36.8%), PLTR (38.8%)
Rev Chg 3Y Avg4.2%NVDA (92.0%), MSFT (12.5%), GOOGL (10.2%), AMZN (11.3%), META (13.0%)
Op Mgn LTM35.6%NVDA (58.1%), MSFT (45.6%), META (42.9%), AVGO (39.0%), LLY (43.0%)
CFO/Rev LTM19.6%NVDA (46.6%), MSFT (48.3%), AAPL (26.6%), GOOGL (36.0%), META (56.4%)
FCF/Rev LTM18.0%NVDA (43.6%), MSFT (25.4%), AAPL (23.5%), META (30.7%), AVGO (41.6%)
Total Yield5.5%XOM (9.7%), JNJ (8.2%), HD (5.7%), BABA (38.9%), UNH (9.4%)

Latest Trefis Analyses

TitleTopicDate
0DASHBOARDS  
1BlackRock Earnings Notes  
2BlackRock vs Southern Copper: Which Is A Better Investment?Counter-Intuitive Comparisons 
3BlackRock vs Victory Capital: Which Is A Better Investment?Counter-Intuitive Comparisons 
4Better Bet Than BLK Stock: Pay Less Than BlackRock To Get More From MU, TDG   
5Better Bet Than BLK Stock: Pay Less Than BlackRock To Get More From HLNE, SNEX   
6Better Bet Than BLK Stock: Pay Less Than BlackRock To Get More From HLNE   
7Will You Be Comfortable Buying BlackRock Stock?Return 
8BLK Dip Buy Analysis  
9Day 7 of Gains Streak for BlackRock Stock with 8.2% Return (vs. 4% YTD) [7/1/2025]  
10Day 7 of Gains Streak for BlackRock Stock with 8.2% Return (vs. 4% YTD) [7/1/2025]  
11ARTICLES  
12Large Cap Stocks Trading At 52-Week High August 15th, 2025
13Large Cap Stocks Trading At 52-Week High August 14th, 2025
14S&P 500 Stocks Trading At 52-Week High July 26th, 2025
15BLK Down -5.9% In A Day. It Dropped More in 2008. July 16th, 2025
16S&P 500 Movers | Winners: SMCI, FSLR, AMD | Losers: STT, A, BLK July 16th, 2025
Title
0DASHBOARDS
1Large Cap Stocks Trading At 52-Week High
2Large Cap Stocks Trading At 52-Week High
3S&P 500 Stocks Trading At 52-Week High
4BLK Down -5.9% In A Day. It Dropped More in 2008.
5S&P 500 Movers | Winners: SMCI, FSLR, AMD | Losers: STT, A, BLK
6ARTICLES
7BlackRock Earnings Notes
8BlackRock vs Southern Copper: Which Is A Better Investment?
9BlackRock vs Victory Capital: Which Is A Better Investment?
10Better Bet Than BLK Stock: Pay Less Than BlackRock To Get More From MU, TDG 
11Better Bet Than BLK Stock: Pay Less Than BlackRock To Get More From HLNE, SNEX 
12Better Bet Than BLK Stock: Pay Less Than BlackRock To Get More From HLNE 
13Will You Be Comfortable Buying BlackRock Stock?
14BLK Dip Buy Analysis
15Day 7 of Gains Streak for BlackRock Stock with 8.2% Return (vs. 4% YTD) [7/1/2025]
16Day 7 of Gains Streak for BlackRock Stock with 8.2% Return (vs. 4% YTD) [7/1/2025]

Recent Active Movers

1 Week Top Gainers

#TickerCompany1W RtnYTD Rtn
1BDSXBiodesix1313.2%-78.6%
2CLSDClearside Biomedical954.0%-74.9%
3SDOTSadot624.1%-79.4%
4WLDSWearable Devices498.0%-30.0%
5CHEKCheck-Cap285.6%154.6%
6ATCHAtlasClear275.9%-91.0%
7HSDTHelius Medical Technologies262.5%-95.6%
8OPIOffice Properties Income Trust261.7%-13.4%
9FGIFGI Industries156.8%145.2%
10AIREReAlpha Tech154.0%-56.1%

1 Week Top Losers

#TickerCompany1W RtnYTD Rtn
1NAKAKindly MD-81.4% 
2ATYRaTyr Pharma-79.7%-70.2%
3LGCLLucas GC-73.6%-77.1%
4EPSMEpsium Enterprise-70.1% 
5BNGOBionano Genomics-59.4%-89.7%
6FAASDigiAsia-58.5%-87.2%
7QMMMQMMM-57.5%6775.0%
8VCIGVCI Global-56.9%-99.1%
9YYGHYY-56.6%-78.5%
10XAGELongevity Health-55.5%-86.1%

1 Month Top Gainers

#TickerCompany1M RtnYTD Rtn
1PMIPicard Medical11963.5%11963.5%
2GIBOGIBO9734.4% 
3CHSNChanson International7565.0%-99.3%
4LNZALanzaTech Global7287.5%-86.0%
5QMMMQMMM3031.7%6775.0%
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7CURXCuranex Pharmaceuticals1401.6%1401.6%
8ENTOEntero Therapeutics565.6%117.6%
9PTNMPitanium553.2% 
10WLDSWearable Devices449.5%-30.0%

1 Month Top Losers

#TickerCompany1M RtnYTD Rtn
1CJETChijet Motor-92.2%-95.0%
2STFSStar Fashion Culture-92.2%-97.8%
3ELPWElong Power-91.6%-76.7%
4NXTTNext Technology-89.6%-95.1%
5NAKAKindly MD-89.0% 
6BINIBollinger Innovations-88.9%-100.0%
7JEM707 Cayman-88.4%-98.2%
8YAASYouxin Technology-82.5%-98.3%
9NEONNeonode-82.0%-50.2%
10NVNOenVVeno Medical-81.5%-69.8%

Recent Active Movers

1 Week Top Gainers

#TickerCompany1W RtnYTD Rtn
1BDSXBiodesix1313.2%-78.6%
2CLSDClearside Biomedical954.0%-74.9%
3SDOTSadot624.1%-79.4%
4WLDSWearable Devices498.0%-30.0%
5CHEKCheck-Cap285.6%154.6%
6ATCHAtlasClear275.9%-91.0%
7HSDTHelius Medical Technologies262.5%-95.6%
8OPIOffice Properties Income Trust261.7%-13.4%
9FGIFGI Industries156.8%145.2%
10AIREReAlpha Tech154.0%-56.1%

1 Week Top Losers

#TickerCompany1W RtnYTD Rtn
1NAKAKindly MD-81.4% 
2ATYRaTyr Pharma-79.7%-70.2%
3LGCLLucas GC-73.6%-77.1%
4EPSMEpsium Enterprise-70.1% 
5BNGOBionano Genomics-59.4%-89.7%
6FAASDigiAsia-58.5%-87.2%
7QMMMQMMM-57.5%6775.0%
8VCIGVCI Global-56.9%-99.1%
9YYGHYY-56.6%-78.5%
10XAGELongevity Health-55.5%-86.1%

More From Trefis

Research & Analysis

Invest in Strategies

Wealth Management

Peer Comparisons for BlackRock

Financials

BLKMSGSSCHWBKSTTMedian
NameBlackRockMorgan S.Goldman .Charles .Bank of .State St. 
Mkt Price1,118.89155.81785.5391.03105.49110.49133.15
Mkt Cap173.3245.7246.4165.475.431.9169.3
Rev LTM21,57361,50356,21321,62618,93013,06521,600
Op Inc LTM7,683-----7,683
FCF LTM3,884-20,941-24,87917,1802,380-10,892-4,256
FCF 3Y Avg4,018-25,282-27,21212,2474,005-1,7731,116
CFO LTM4,235-17,670-22,85217,8073,847-9,970-3,062
CFO 3Y Avg4,363-21,957-24,83612,9135,286-9191,722

Growth & Margins

BLKMSGSSCHWBKSTTMedian
NameBlackRockMorgan S.Goldman .Charles .Bank of .State St. 
Rev Chg LTM15.5%16.7%12.2%16.9%7.0%9.0%13.8%
Rev Chg 3Y Avg4.2%5.0%3.8%5.0%6.0%2.7%4.6%
Rev Chg Q12.9%11.3%14.5%24.8%9.2%4.7%12.1%
QoQ Delta Rev Chg LTM2.9%2.6%3.4%5.7%2.2%1.1%2.8%
Op Mgn LTM35.6%-----35.6%
Op Mgn 3Y Avg35.7%-----35.7%
QoQ Delta Op Mgn LTM-0.8%------0.8%
CFO/Rev LTM19.6%-28.7%-40.7%82.3%20.3%-76.3%-4.5%
CFO/Rev 3Y Avg22.9%-41.3%-46.4%62.9%30.3%-5.5%8.7%
FCF/Rev LTM18.0%-34.0%-44.3%79.4%12.6%-83.4%-10.7%
FCF/Rev 3Y Avg21.1%-47.4%-51.2%59.6%23.1%-12.4%4.3%

Valuation

BLKMSGSSCHWBKSTTMedian
NameBlackRockMorgan S.Goldman .Charles .Bank of .State St. 
Mkt Cap173.3245.7246.4165.475.431.9169.3
P/S8.04.04.47.64.02.44.2
P/EBIT19.2-----19.2
P/E27.116.715.822.715.111.116.2
P/CFO40.9-13.9-10.89.319.6-3.23.0
Total Yield5.5%6.0%6.3%4.4%8.4%9.0%6.2%
Dividend Yield1.8%0.0%0.0%0.0%1.8%0.0%0.0%
FCF Yield 3Y Avg3.3%-16.0%-14.8%9.1%10.1%-4.1%-0.4%
D/E0.11.41.50.20.51.20.8
Net D/E0.01.00.8-0.4-2.2-3.4-0.2

Returns

BLKMSGSSCHWBKSTTMedian
NameBlackRockMorgan S.Goldman .Charles .Bank of .State St. 
1M Rtn-1.0%7.7%8.1%-5.3%4.4%-0.5%2.0%
3M Rtn16.0%20.6%26.4%2.6%18.1%15.4%17.1%
6M Rtn17.9%33.9%43.8%18.1%29.1%27.4%28.3%
12M Rtn27.6%60.3%65.2%44.8%53.1%33.5%48.9%
3Y Rtn92.3%97.9%160.1%32.7%163.1%75.1%95.1%
1M Excs Rtn-3.4%5.3%5.6%-7.7%2.0%-3.0%-0.5%
3M Excs Rtn5.0%10.3%16.3%-6.9%7.7%4.7%6.3%
6M Excs Rtn1.6%17.7%27.5%1.3%13.1%11.4%12.2%
12M Excs Rtn10.9%48.0%51.0%31.3%38.3%20.1%34.8%
3Y Excs Rtn10.9%31.0%87.0%-34.5%99.2%5.7%20.9%

Financials

$ Mil | FY: 12/312025Q22025Q12024Q42024Q32024Q22024Q12023Q42023Q32023Q22023Q12022Q42022Q3
Period End6/30/20253/31/202512/31/20249/30/20246/30/20243/31/202412/31/20239/30/20236/30/20233/31/202312/31/20229/30/2022
Filing Date8/6/20255/7/20252/25/202511/6/20248/6/20245/7/20242/23/202411/6/20238/4/20235/5/20232/24/202311/4/2022
Key Financials Quarterly            
Total Revenue5,4235,2765,6775,1974,8054,7284,6314,5224,4634,2434,3374,311
Net Income1,5931,5101,6701,6311,4951,5731,3751,6041,3661,1571,2591,406
EPS10.299.7410.7811.0210.0710.589.2510.759.137.728.399.33
Key Financials TTM            
Total Revenue TTM21,57320,95520,40719,36118,68618,34417,85917,56517,35417,41717,87318,642
Net Income TTM6,4046,3066,3696,0746,0475,9185,5025,3865,1884,8995,1785,562
Growth Rates Quarterly            
Total Revenue Growth12.9%11.6%22.6%14.9%7.7%11.4%6.8%4.9%-1.4%-9.7%-15.1%-14.6%
Net Income Growth6.6%-4.0%21.5%1.7%9.4%36.0%9.2%14.1%26.8%-19.4%-23.4%-16.4%
Margins Quarterly            
Net Income Margin29.4%28.6%29.4%31.4%31.1%33.3%29.7%35.5%30.6%27.3%29.0%32.6%
Cash & Debt            
Total Cash11,6509,71114,58516,00612,17911,05710,6077,3166,8345,6448,7476,797
Total Debt14,71014,25914,22214,17911,67811,6329,7029,6649,7188,4928,4898,364
Net Debt / (Cash)3,0604,548-363-1,827-501575-9052,3482,8842,848-2581,567
Cash Flows Quarterly            
FCF from Operations1,364-1,1282,6181,3811,365-4081,9981,576985-3941,9731,760
Cash Flows TTM            
FCF from Operations TTM4,2354,2364,9564,3364,5314,1514,1654,1404,3244,9844,9564,900
Returns to Shareholders Quarterly            
Dividends808838791757758795743748748796731736
Share Repurchases396657386391519634384396383721505384
Return on Invested Capital (ROIC) Quarterly            
ROIC39.5%40.2%57.9%--996.2%-245.6%171.1%151.8%-314.3%
Return on Invested Capital (ROIC) TTM            
ROIC TTM43.2%39.3%53.1%--934.1%-211.0%164.5%166.7%-350.4%

Segment Financials

Revenue by Segment

$ Mil20242023202220212020
Equity7,1617,2038,0005,9005,716
Fixed income3,4803,4953,8633,5393,286
Alternatives1,6461,5901,5131,2471,009
Technology services and subscription revenue1,4851,3641,2811,139974
Distribution fees1,2621,3811,5211,1311,069
Active multi-asset1,2031,2991,4141,1631,148
Cash management909864470790618
Investment Advisory Performance Fees5545141,1431,104450
Advisory and other revenue159163169192269
Total17,85917,87319,37416,20514,539


Price Behavior

BLK Betas & Captures as of 8/31/2025

 1M2M3M6M1Y3Y
Beta1.311.691.461.101.071.16
Up Beta1.971.561.300.970.991.23
Down Beta0.540.781.221.201.101.14
Up Capture124%206%168%135%130%152%
Bmk +ve Days10223571142415
Stock +ve Days10213565133396
Down Capture133%213%157%111%105%103%
Bmk -ve Days11192754106334
Stock -ve Days11202760115354

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Short Interest

Short Interest: As Of Date8292025
Short Interest: Shares Quantity1,823,798
Short Interest: % Change Since 815202513.4%
Average Daily Volume443,660
Days-to-Cover Short Interest4.11
Basic Shares Quantity154,868,992
Short % of Basic Shares1.2%

Returns Analyses

Earnings Returns History

Expand for More

 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
7/15/2024-0.6%0.3%1.2%
4/12/2024-2.9%-4.9%1.4%
1/12/20240.9%1.6%1.2%
10/13/2023-1.3%-2.1%4.5%
7/14/2023-1.6%1.5%-6.0%
4/14/20233.1%3.8%-3.8%
1/13/20230.0%-1.6%-2.3%
10/13/20226.6%8.8%43.1%
...
SUMMARY STATS   
# Positive141515
# Negative1099
Median Positive3.1%3.6%5.7%
Median Negative-1.9%-3.2%-6.0%
Max Positive6.6%8.8%43.1%
Max Negative-4.6%-8.1%-16.2%

SEC Filings

Expand for More

Report DateFiling DateFiling
6302025806202510-Q 6/30/2025
3312025507202510-Q 3/31/2025
12312024225202510-K 12/31/2024
93020241106202410-Q 9/30/2024
6302024806202410-Q 6/30/2024
3312024507202410-Q 3/31/2024
12312023223202410-K 12/31/2023
93020231106202310-Q 9/30/2023
6302023804202310-Q 6/30/2023
3312023505202310-Q 3/31/2023
12312022224202310-K 12/31/2022
93020221104202210-Q 9/30/2022
6302022805202210-Q 6/30/2022
3312022506202210-Q 3/31/2022
12312021225202210-K 12/31/2021
93020211105202110-Q 9/30/2021

Insider Activity

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Industry Resources

External Quote Links


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