BlackRock, Inc. (BLK)

NYSE: BLK · USD

$1,159

+22.61 (+2.0%)· Recorded snapshot

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StockMarketAgent Research · Analyzed 2026-05-09

Our latest published analysis: BLK rated Sell

BlackRock, Inc.'s published Sell conclusion compares the analysis-date price with fair value and potential value. Read the full report for assumptions, evidence, and material risks.

Fair value

$670 / share

Potential value

$889 / share

Upside to FV

-38.2%

from $1,159

Moat

9/10

Wide

Read full analysis →View archive · 24mo

9-phase methodology · same model in each published edition

Market cap	$168.4B
Revenue (ttm)	28.5B
Net income (ttm)	6.9B
EPS (ttm)	$44.0
Shares out	162.2M
P/E (trailing)	26.3x
P/E (forward)	17.9x
Dividend	$22.9 (1.98%)
Volume	455,990
Beta	1.42

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 28.5B
Net income (ttm): 6.9B
EPS (ttm): $44.0
P/E (trailing): 26.3x
P/E (forward): 17.9x
Market cap: $168.4B

Item	P1	P2	P3	P4	P5	Trend
Period	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31	Trend
Revenue	$19.37B	$17.87B	$17.86B	$20.41B	$24.22B	+5.7%
Gross profit	$9.82B	$8.68B	$8.58B	$10.09B	$11.31B	+3.6%
Operating income	$8.38B	$6.50B	$7.45B	$8.83B	$8.23B	-0.4%
Net income	$5.90B	$5.18B	$5.50B	$6.37B	$5.55B	-1.5%
EPS (diluted)	$38.07	$33.97	$36.51	$42.01	$35.31	-1.9%
EBITDA	$8.79B	$6.92B	$7.87B	$9.36B	$9.36B	+1.6%
R&D	—	—	—	—	—	—
SG&A	$2.22B	$2.06B	$2.09B	$2.26B	$2.63B	+4.3%

Ticker	Name	Market cap	P/E	P/S	ROIC	5Y rev CAGR	1Y total return	Rating
ACGL	Arch Capital Group Ltd.	34.8B	8.3x	1.8x	15.9%	+15.1%	+18.7%	Sterk kopen
AIG	American International Group Inc.	41.7B	14.7x	1.6x	7.7%	-9.6%	+2.8%	Sterk kopen
AIZ	Assurant, Inc.	14.1B	13.6x	1.0x	14.4%	+6.6%	+36.2%	Aanhouden
AJG	Arthur J. Gallagher & Co.	66.7B	43.2x	4.4x	6.6%	+15.3%	-5.7%	Kopen
ALL	The Allstate Corporation	63.2B	5.0x	0.9x	32.6%	+8.5%	+31.8%	Sterk kopen
AMP	Ameriprise Financial, Inc.	43.1B	11.8x	2.2x	43.0%	+8.9%	+1.1%	Kopen

Base and Bull scenarios

Bull20%

Price target

$888.83

-18.1% from spot

Continued dominance in global ETF flows, successful scaling of private market alternatives, and high-margin Aladdin software growth drive robust operating leverage and premium multiples.

Aladdin growth exceeds 15%
Multiple expansion continues

Base55%

Price target

$670.43

-38.2% from spot

BlackRock commands industry-leading scale in asset management, pairing structural tailwinds in passive investing (iShares) with a sticky, high-margin enterprise technology platform (Aladdin).

10-15% revenue growth
15x terminal PE multiple

Sensitivity: Ke × terminal growth

Ke ↓ / g →	1.5%	2.0%	2.5%	3.0%	3.5%
6.9%	$1,063	$1,172	$1,306	$1,475	$1,568
7.9%	$896	$972	$1,063	$1,172	$1,306
8.9%	$774	$831	$896	$972	$1,063
9.9%	$682	$725	$774	$831	$896
10.9%	$609	$643	$682	$725	$774

Scorecard

Published factor rows and weighted composite

Calendar

Next earnings

Upcoming earnings date and setup when available.

Upcoming

DateLoading

Window—

EPS estimate—

Revenue estimate—

Sector percentile context

Refreshed 2026-10-28 19:55 UTC

Forward P/E17.9

P25 n/aP50 n/aP75 n/a

Trailing P/E27.3

P25 n/aP50 n/aP75 n/a

ROE12.3

P25 n/aP50 n/aP75 n/a

ROIC12.2

P25 n/aP50 n/aP75 n/a

Benchmarks · 1M

All BLK indicators

Market & fundamental data

Available fields

276

Groups with data

Currency

USD

Showing 276 of 276 available metrics for this ticker.

Profile and market data

Ticker identity, listing, currency, market cap, and source dates.

Metric	Value
Amount currency	USD
CIK code	0002012383
Company name	BlackRock, Inc.
Country	United States
Country code	US
CUSIP number	09290D101
Earnings date	2026-10-14
Earnings time	bmo
Employees	26,200
Employees change	3,500
Employees growth	15.42%
Enterprise value	$189.1B
Exchange	NYSE
Financial currency	USD
Financial report date	2026-09-30
First seen	2026-05-09
Fiscal year end	December
Founded	1988
In index	SP500
Industry	Asset Management
IPO date	1999-10-01
Is primary listing	Yes
Is SPAC	No
ISIN number	US09290D1019
Last 10-K release date	2026-02-25
Last earnings date	2026-10-14
Last refreshed	2026-10-28
Last stock split type	Never
Market cap	$187.9B
Market cap category	Large-Cap
Next earnings date	2027-01-14
Options	Yes
Price	$1,158.63
Price currency	USD
Sector	Financials
SIC code	6211
Stock price date	2026-10-28
Symbol	BLK
U.S. state	New York
Website	https://www.blackrock.com

Valuation

Multiples, yields, enterprise-value ratios, and valuation checks.

Metric	Value
Adjusted P/E ratio	20.86x
Average P/E ratio (10Y)	20.11x
Average P/E ratio (3Y)	24.16x
Average P/E ratio (5Y)	21.99x
Earnings yield	3.8%
EV/Earnings	27.19x
EV/EBIT	17.93x
EV/EBITDA	15.65x
EV/FCF	53.46x
EV/Sales	6.58x
FCF / EV yield	1.87%
FCF yield	1.88%
Forward EV/Sales	5.92x
Forward P/E	18.46x
Forward P/S	5.89x
Graham number	606.49304
Graham upside	-47.33%
Industry forward P/E	12.8x
Industry P/E	27.28x
Lynch fair value	$219.91
Lynch upside	-80.9%
P/(FCF - SBC) ratio	90.94x
P/(OCF - SBC) ratio	75.41x
P/B ratio	3.06x
P/E ratio	26.34x
P/FCF ratio	53.14x
P/OCF ratio	47.43x
P/S ratio	6.54x
PEG ratio	1.13x
Price/EBITDA ratio	15.56x
Sector forward P/E	13.63x
Sector P/E	15.65x

Profitability

Margins, returns on capital, cash conversion, and quality metrics.

Metric	Value
EBIT margin	36.72%
EBITDA margin	42.06%
Effective tax rate	23.33%
FCF margin	12.88%
Gross margin	48.28%
Operating margin	36.72%
Pretax margin	34.38%
Profit margin	24.22%
Profit per employee	$263,817
Profitable quarters	87
Profitable years	30
Revenue per employee	$1.1M
ROA	3.74%
ROA (5Y)	3.25%
ROCE	5.83%
ROE	12.28%
ROE (5Y)	13.67%
ROIC	12.24%
ROIC (5Y)	13.2%
SBC / revenue	5.35%
Tax / revenue	8.02%

Growth

Revenue, earnings, cash-flow, and forward growth indicators.

Metric	Value
EPS growth	13.28%
EPS growth (Q)	25.35%
EPS growth (QoQ)	-13.28%
EPS growth 10Y	8.74%
EPS growth 3Y	7.25%
EPS growth 5Y	3.18%
EPS growth quarters	2
EPS growth years	0
FCF growth	-9.5%
FCF growth 3Y	-3.5%
FCF growth 5Y	-2.33%
Gross profit growth	23.73%
Gross profit growth (Q)	19.9%
Gross profit growth 3Y	17.74%
Gross profit growth 5Y	7.66%
Net income growth	13.39%
Net income growth (Q)	25.4%
Net income growth (QoQ)	-13.32%
Net income growth 3Y	8.67%
Net income growth 5Y	3.55%
Net income growth quarters	2
Net income growth years	0
OCF growth	-7.01%
OCF growth 10Y	5.03%
OCF growth 3Y	-3.07%
OCF growth 5Y	-1.41%
Operating income growth	29.47%
Operating income growth (Q)	24.81%
Operating income growth 3Y	19.02%
Operating income growth 5Y	7.53%
Revenue growth	24.72%
Revenue growth (Q)	19.1%
Revenue growth (QoQ)	9.43%
Revenue growth 10Y	9.88%
Revenue growth 3Y	17.57%
Revenue growth 5Y	8.77%
Revenue growth quarters	12
Revenue growth years	2

Financial statements

Income-statement and cash-flow amounts, totals and per share.

Metric	Value
Capital expenditures	$-423M
Depreciation and amortization	$1.5B
EBIT	$10.5B
EBITDA	$12B
EPS	$43.98
FCF per share	$21.67
Financing cash flow	$-913M
Free cash flow	$3.5B
Free cash flow minus SBC	$2.1B
Gross profit	$13.8B
Income taxes	$2.3B
Investing cash flow	$-1.9B
Net borrowing	$49M
Net cash flow	$1B
Net income	$6.9B
Operating cash flow minus SBC	$2.5B
Operating income	$10.5B
Revenue	$28.5B
Stock-based compensation	$1.5B

Financial strength

Debt, cash, solvency, accounting-quality, and balance-sheet signals.

Metric	Value
Book value per share	$371.70
Debt / EBITDA	1.25
Debt / equity	0.23
Debt / FCF	4.26
Interest coverage	15.51
Net cash (debt)	$-1.1B
Net cash / market cap	-0.6%
Net debt / EBITDA	0.09
Net debt / equity	0.02
Net debt / FCF	0.32
Piotroski F-Score	5
Shareholders' equity	$64.5B
Tangible book value	$-5B
Tangible book value per share	$-32.29
Total cash	$13.8B
Total debt	$15B
WACC	11.43%

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Asset turnover	0.17
Current ratio	2.45
Quick ratio	1.85
Working capital	$15.5B

Dividends and buybacks

Dividend yield, payout, buybacks, and shareholder-yield indicators.

Metric	Value
Buyback yield / dilution	-3.82%
Dividend growth	8.06%
Dividend growth (10Y)	9.49%
Dividend growth (3Y)	4.06%
Dividend growth (5Y)	6.93%
Dividend growth years	16
Dividend payment date	2026-09-22
Dividend payment years	24
Dividend payout frequency	Quarterly
Dividend per share	$22.92
Dividend yield	1.98%
Ex-dividend date	2026-09-08
FCF payout ratio	105.77%
Last dividend	$5.73
Payout ratio	52.11%
Shareholder yield	-1.83%

Performance and technicals

Returns, volatility, beta, momentum, RSI, and moving-average context.

Metric	Value
10Y price change	239.53%
10Y return CAGR	15.82%
10Y total return	334.18%
150-day SMA	$1,065.74
15Y price change	583.15%
15Y return CAGR	16.58%
15Y total return	899.19%
1D price change	1.99%
1M price change	6.36%
1M total return	6.36%
1W price change	2.36%
1W total return	2.36%
1Y price change	2.12%
1Y return CAGR	4.31%
1Y total return	4.31%
20-day SMA	$1,102.19
200-day SMA	$1,062.93
20Y price change	672.8%
20Y return CAGR	13.48%
20Y total return	1,153.12%
3M price change	8.78%
3M total return	9.33%
3Y price change	93.18%
3Y return CAGR	27.34%
3Y total return	106.53%
50-day SMA	$1,103.25
50-day SMA vs 200-day SMA	50over200
52-week high	$1,187.17
52-week high date	2026-08-27
52-week low	$917.39
52-week low date	2026-03-12
5Y price change	25.95%
5Y return CAGR	7.3%
5Y total return	42.2%
6M price change	9.32%
6M total return	10.5%
All-time high	$1,219.94
All-time high date	2025-10-15
All-time low	$12.50
All-time low date	1999-10-18
Average true range (ATR)	$25.12
Average volume	660.2K
Beta (1Y)	1.05
Beta (2Y)	1.14
Beta (5Y)	1.42
Change from 52-week high	-2.4%
Change from 52-week low	26.3%
Change from all-time high	-5.3%
Change from all-time low	9,142.72%
Change from open	1.15%
Day's gap	0.83%
Dollar volume	$528.3M
High price	$1,160.17
Low price	$1,145.50
Monthly RSI	58.12
Open price	$1,145.50
Position in 52-week range	89.5%
Premarket change	0.43%
Premarket close	$1,136.05
Premarket price	$1,140.92
Premarket volume	1.5K
Previous close	$1,136.05
Price vs 150-day SMA	8.41%
Price vs 20-day SMA	4.82%
Price vs 200-day SMA	8.69%
Price vs 50-day SMA	4.72%
Relative volume	0.69
RSI	63.48
Sharpe ratio	0.14
Sharpe ratio (3Y)	0.9
Sharpe ratio (5Y)	0.26
Sortino ratio	0.42
Sortino ratio (3Y)	1.57
Sortino ratio (5Y)	0.6
Volume	456K
Weekly RSI	58.17
YTD price change	7.94%
YTD total return	9.71%

Ownership and float

Institutional, insider, float, short-interest, and share-count fields.

Metric	Value
Float	143.5M
Float percentage	88.49%
Shares change (QoQ)	-0.09%
Shares change (YoY)	3.82%
Shares held by insiders	1.9%
Shares held by institutions	80.1%
Shares outstanding	162.2M
Short % of float	1.42%
Short % of shares	1.26%
Short ratio	3.7 days

Other indicators

Additional ticker metrics that do not fit the primary research groupings.

Metric	Value
Page views	139

Deeper analysis on BLK

14 sections in the full report · jump straight to what you need

Forecast

Base and Bull forecast paths with report-date return framing.

→

Valuation

Fair-value bridge, DCF, owner earnings, and peer multiples.

→

Sensitivity

Cost-of-equity and terminal-growth stress table.

→

Risks

Kill scenarios, soft-pass flags, and downside catalysts.

→

Earnings

Next earnings setup and beat / inline / miss thresholds.

→

Position sizing

Entry, exit, conviction, and quarterly monitoring rules.

→

Financials

Revenue, margins, cash flow, and balance-sheet context.

→

Peers

Relative valuation and profitability against the cohort.

→

Moat

Economic-profit evidence and competitive advantage risk.

→

Industry cycle

Sector phase, capital cycle, and secular tailwinds.

→

Quote this valuation with its source: Fair value, Potential value and the price at analysis.

Frequently asked questions

About this BLK report

What is the latest published BLK stock rating?

BlackRock, Inc. is shown with Sell in the latest published report, analyzed 2026-05-09. The hub links directly to the full analysis surface where the dated rating, fair-value bridge, risks, and scorecard are documented together.

Where can I read the full BLK analysis?

The full latest published report, analyzed 2026-05-09, lives at /stocks/BLK/analysis. The bare ticker page summarizes that read and links to each analysis tab; earlier editions remain under /analysis/archive.

What fair value is used for BLK?

The latest published report analyzed 2026-05-09 gives BLK a fair value of USD 670 and a potential value of USD 889. These are dated research outputs, not live market prices; review the valuation assumptions, sensitivity analysis, and material risks before making a decision.

How often is the BLK page updated?

The hub selects the latest published stock report regardless of age and displays its analysis date (2026-05-09). Separately sourced market data is labeled with its own recorded timestamp and is never inferred from the report.

SellBLK · Fair value $670-38.2%

Read full analysis →

BlackRock, Inc. (BLK)

Our latest published analysis: BLK rated Sell

Price

Financial snapshot

Fair-value bridge

Latest news · BLK

Valuation

Profitability

Balance sheet

Trading

Base and Bull scenarios

Sensitivity: Ke × terminal growth

Scorecard

Next earnings

Sector percentile context

All BLK indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Other indicators

Deeper analysis on BLK

Frequently asked questions

Ratinggeschiedenis

Category	Score	Reading
Valuation	1.5
Management	6.9
Balance Sheet	8.5
Profitability	5.5
Revenue Growth	7.5
Risk Assessment	8.0
Competitive Moat	9.0
Earnings Quality	6.5
Capital Efficiency	5.5