Stocks · Financial Services

BlackRock, Inc. (BLK)

$1,136.25

+0.76% last session

Market value

$183.2bn

P/E ratio

26.3

Dividend yield

2.74%

52-week range

$917–$1,187

What BlackRock, Inc. does

No description available yet.

Financial Services · based in the US · listed since 1999Company website ↗

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tap a grade for the details

BGrowthGrowing steadily

Sales growth, last 12 months24.7% · 97/100

Sales growth a year, 5 years8.4% · 63/100

Earnings per share growth a year, 5 years1.6% · 36/100

BProfitabilitySolidly profitable

Net profit margin24.2% · 94/100

Return on equity12% · 58/100

Return on capital, 10-year average13.0% · 67/100

AFinancial strengthRock solid

Net debt ÷ operating profit0.2× · 92/100

Interest cover11× · 87/100

Current ratio (short-term assets ÷ debts)2.39 · 100/100

FValuationVery expensive

P/E against its own 10-year history75th percentile · 25/100

Free cash flow yield2.5% · 45/100

PEG (P/E ÷ growth)16.2 · 10/100

Our base-case value vs price−20% · 30/100

CMomentumFlat

Share price, last 12 months−0.6% · 49/100

Share price, last 3 months5.9% · 65/100

Price

+0.5% over 1Y

27 Oct 2026$1,136.64

Daily closing prices. Source: Twelve Data.

If you'd invested £1,000

in pounds, including currency moves

Invested	Worth now	Per year	+ dividends received	Same in the S&P 500
1 year ago Oct 2025	£1,036	+3.6%	+£19	£1,114 index ahead
3 years ago Oct 2023	£1,696	+19.3%	+£91	£1,683 BLK ahead
5 years ago Oct 2021	£1,249	+4.5%	+£89	£1,739 index ahead
10 years ago Oct 2016	£3,056	+11.8%	+£217	£3,325 index ahead

Over 10 years, £1,000 became £3,273 including dividends. Past returns don't predict future ones.

Bull vs bear

The numbers are finely balanced (7 vs 10)

The bull case

A proven grower●●●

Revenue up 29.8% a year for 3 years.

Growth is speeding up●●○

Revenue growth over the last 12 months (25%) is well above its 5-year average (8%).

Analysts see upside●○○

Average target 19% above the price.

Has always bounced back●○○

Recovered from all 3 past falls of 20%+ in the price history.

The bear case

Margins shrinking●●○

Operating margin down from 57.7% to 29.1% in three years: competition or costs biting.

Questionable capital allocation●●○

Passes only 3 of 7 capital-allocation checks.

Heavy share-based pay●●○

$1.3bn in 2025: 5.4% of revenue, 36.8% of free cash flow. It's a real cost even though no cash leaves

Our cash-flow model says it's pricey●●○

Base case 20% below today's price.

Buybacks don't shrink the share count●○○

Spent $6.1bn, yet the share count rose 5.5%: buybacks mostly offset shares handed to staff

Recoveries can take years●○○

Took 215 months to recover after the 1970 fall.

Can you answer every bear point? Put your answers in your thesis under risks.

See the full picture on BlackRock, Inc.

Ten years of results, revenue by product and region, a management scorecard, bear/base/bull valuations, analyst targets, every SEC filing explained, and a thesis that checks itself after each report. Free.

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BlackRock, Inc. (BLK)

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Bull vs bear

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