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BlackRock, Inc. BLK SPX

Financial Services · Asset Management · United States
https://www.blackrock.com

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. It also provides global risk management and advisory services. The firm manages separate client-focused equity, fixed income, and balanced portfolios. It also launches and manages open-end and closed-end mutual funds, offshore funds, unit trusts, and alternative investment vehicles including structured funds. The firm launches equity, fixed income, balanced, and real estate mutual funds. It also launches equity, fixed income, balanced, currency, commodity, and multi-asset exchange traded funds. The firm also launches and manages hedge funds. It invests in the public equity, fixed income, real estate, currency, commodity, and alternative markets across the globe. The firm primarily invests in growth and value stocks of small-cap, mid-cap, SMID-cap, large-cap, and multi-cap companies. It also invests in dividend-paying equity securities. The firm invests in investment grade municipal securities, government securities including securities issued or guaranteed by a government or a government agency or instrumentality, corporate bonds, and asset-backed and mortgage-backed securities. It employs fundamental and quantitative analysis with a focus on bottom-up and top-down approach to make its investments. The firm employs liquidity, asset allocation, balanced, real estate, and alternative strategies to make its investments. In real estate sector, it seeks to invest in Poland and Germany. The firm benchmarks the performance of its portfolios against various S&P, Russell, Barclays, MSCI, Citigroup, and Merrill Lynch indices. BlackRock, Inc. was founded in 1988 and is based in New York, New York with additional offices in Atlanta, Georgia; Boston, Massachusetts; Chicago, Illinois; Dallas, Texas; Denver, Colorado; Greenwich, Connecticut; Houston, Texas; Miami, Florida; Newport Beach, California; Palo Alto, California; Philadelphia, Pennsylvania; Princeton, New Jersey; San Francisco, California; Santa Monica, California; Seattle, Washington; Washington, DC; West Palm Beach, Florida; Wilmington, Delaware; Mexico; Canada; South Africa; Netherlands; Greece; Serbia; Belgium; Hungary; Denmark; Ireland; Scotland; Germany; Switzerland; England; Luxembourg; Spain; Italy; France; Sweden; Austria; India; China; Australia; Hong Kong; South Korea; Singapore; Taiwan; Japan; Colombia; Argentina; Peru; Chile; Brazil; UAE; Saudi Arabia; Israel.

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$1,046.88
+9.04% 1Y

Market & Price

Market Cap
$162.51B
Current Price
$1,046.88
High / Low (52W)
$1,190.14 / $922.90
Beta
1.46

Valuation

Stock P/E
26.32
Industry PE
12.01
Forward P/E
17.26
PEG Ratio
1.33
Book Value
$364.87
Price to Book
2.87
P/S
6.34
EV/EBITDA
16.53
Dividend Yield
2.19%

Profitability & Returns

ROCE
4.89%
ROE
11.90%
ROA
3.62%
Profit Margin
24.40%
Op Margin
35.64%
EPS (Latest Qtr)
$14.06
EPS (TTM)
$39.78

Balance Sheet & Liquidity

Debt/Equity
0.24
Quick Ratio
1.60
Current Ratio
2.17
Debt
$14.97B
Total Assets
$170.00B
Current Assets
$27.42B
Working Capital
$25.68B

Ownership

Promoter Holding
1.92%
Chg in Prom Hold
-
FII / Inst Holding
84.31%
Chg in FII Hold
0.01%

Financial Snapshot

Enterprise Value
$170.96B
Total Revenue (TTM)
$25.64B
EBITDA
$10.34B
Free Cash Flow
$7.08B
Operating Cash Flow
$4.08B
Shares Outstanding
155.23M
Gross Margin
46.89%
Payout Ratio
53.76%

Growth (CAGR)

Revenue 5Y
10.65%
Profit 5Y
2.36%
Revenue (YoY)
27.00%
Earnings (YoY)
45.90%

PROS

  • Excellent profit margin of 24.4%.
  • Compounding revenue at 10.7% over 5 years.
  • Generates positive free cash flow.

CONS

  • In a downtrend (50-DMA below 200-DMA).

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Financial Services).

#NameCMP $P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 BLK BlackRock, Inc. SPX 1,046.88 26.32 $162.51B 2.19% 4.89% 11.90% 10.65% 2.36%
2 JPM JPMorgan Chase & Co. SPX 299.31 14.33 $802.00B 2.00% - 16.47% 12.50% 14.83%
3 V Visa Inc. SPX 326.36 28.48 $620.65B 0.82% 38.38% 60.35% 10.92% 10.28%
4 MA Mastercard Incorporated SPX 493.98 28.57 $436.47B 0.70% 61.47% - 13.82% 14.66%
5 MS Morgan Stanley SPX 208.00 18.84 $328.08B 1.92% - 16.39% 9.52% 15.20%
6 GS The Goldman Sachs Group, Inc. SPX 1,025.56 18.73 $302.55B 1.76% - 14.55% 7.16% 15.11%
7 WFC Wells Fargo & Company SPX 77.54 11.98 $237.29B 2.32% - 12.03% 4.02% 15.98%
8 SCHW The Charles Schwab Corporation SPX 87.35 17.37 $151.91B 1.47% - 19.08% 4.83% 7.21%
9 IBKR Interactive Brokers Group, Inc. SPX 86.97 37.33 $147.85B 0.40% 19.56% 23.56% 34.60% 37.32%
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Quarterly Results

Figures in USD.

Metric Sep 2023Mar 2024Jun 2024Sep 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue 4.52B4.73B4.80B5.20B5.28B5.42B6.51B7.01B6.70B
Cost of Revenue ----2.75B2.83B3.52B3.81B3.48B
Gross Profit ----2.53B2.60B2.99B3.20B3.22B
Operating Expenses ----740.00M746.00M945.00M970.00M955.00M
Operating Income 1.64B1.69B1.80B2.01B1.79B1.85B2.04B2.23B2.26B
EBITDA ----2.12B2.64B2.48B2.12B3.36B
Interest Expense ----166.00M173.00M135.00M140.00M134.00M
Pretax Income ----1.76B2.25B2.00B1.61B2.84B
Tax Provision ----248.00M587.00M470.00M372.00M516.00M
Net Income 1.60B1.57B1.50B1.63B1.51B1.59B1.32B1.13B2.21B
Diluted EPS 10.6610.489.9910.909.6410.198.437.1614.06

Profit & Loss (Annual)

Figures in USD.

Metric Dec 2022Dec 2023Dec 2024Dec 2025
Revenue 17.87B17.86B20.41B24.22B
Cost of Revenue 9.19B9.28B10.32B12.91B
Gross Profit 8.68B8.58B10.09B11.31B
Operating Expenses 2.21B2.24B2.55B3.40B
Operating Income 6.48B6.34B7.54B7.91B
EBITDA 6.92B7.87B9.36B9.36B
Interest Expense 212.00M292.00M538.00M614.00M
Pretax Income 6.29B7.16B8.29B7.62B
Tax Provision 1.30B1.48B1.78B1.68B
Net Income 5.18B5.50B6.37B5.55B
Diluted EPS 33.9736.5142.0135.31

Compounded Sales Growth

5 Years:10.65%
1 Year:27.00%

Compounded Profit Growth

5 Years:2.36%
1 Year:45.90%

Stock Price Performance

1 Year:+9.04%
6 Months:+2.73%
3 Months:-0.99%
1 Month:+0.72%

Balance Sheet (Annual)

Figures in USD.

Metric Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Total Assets -117.63B123.21B138.62B170.00B
Current Assets -18.22B19.38B25.11B27.42B
Cash & Equivalents -7.42B8.74B12.76B11.47B
Inventory -----
Receivables -3.26B3.92B4.30B5.16B
Total Liabilities -78.84B81.97B89.26B108.46B
Current Liabilities -1.29B1.24B1.54B1.74B
Long Term Debt -6.65B7.92B12.31B12.77B
Total Debt -8.49B9.70B14.22B15.00B
Total Equity 37.81B37.74B39.35B47.49B55.89B
Shares Outstanding -172.08M172.08M155.32M156.28M

Cash Flows (Annual)

Figures in USD.

Metric Dec 2022Dec 2023Dec 2024Dec 2025
Operating Cash Flow 4.96B4.17B4.96B3.93B
Investing Cash Flow -1.13B-959.00M-3.00B-4.42B
Financing Cash Flow -5.44B-1.99B2.24B-1.13B
Capital Expenditure -533.00M-344.00M-255.00M-375.00M
Free Cash Flow 4.42B3.82B4.70B3.55B
Net Change in Cash -1.62B1.21B4.19B-1.62B
Share Buybacks 2.33B1.88B1.93B-
Dividends Paid 2.99B3.04B3.10B-

Ratios (Annual)

Figures in %.

Metric Dec 2022Dec 2023Dec 2024Dec 2025
Gross Margin % 48.6%48.1%49.4%46.7%
Operating Margin % 36.2%35.5%36.9%32.7%
Net Margin % 29.0%30.8%31.2%22.9%
ROE % 13.7%14.0%13.4%9.9%
ROCE % 5.6%5.2%5.5%4.7%

Shareholding Pattern

Insiders
1.92%
Institutions
84.31%
Public Float
85.95%

Top Institutional Holders

#Holder% HeldSharesValue
1 Blackrock Inc. 6.53% 10.13M $10.61B
2 Vanguard Capital Management LLC 5.95% 9.24M $9.67B
3 State Street Corporation 4.04% 6.28M $6.57B
4 Temasek Holdings (Private) Ltd 3.43% 5.33M $5.58B
5 Bank of America Corporation 3.37% 5.23M $5.48B
6 Capital Research Global Investors 2.97% 4.61M $4.83B
7 Wellington Management Group, LLP 2.35% 3.64M $3.82B
8 Vanguard Portfolio Management LLC 2.28% 3.53M $3.70B
9 Morgan Stanley 2.21% 3.44M $3.60B
10 Geode Capital Management, LLC 2.10% 3.25M $3.41B

Analyst View

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