Saturday 17 October 2026
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BlackRock
BLK Financial Asset Management
BlackRock’s revenue for fiscal 2025 (year ended December 2025) was $24.2 billion, up 18.7% from fiscal 2024. In the quarter to September 2026, revenue grew 19.1%, EPS grew 45.2%, free cash flow fell 12.3% and total debt was flat, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years.
1,134.38
13.60
+1.21%
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| Dec '25 | Dec '24 | Dec '23 | Dec '22 | Dec '21 | Dec '20 | Dec '19 | Dec '18 | Dec '17 | Dec '16 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
29.86 | 24.15 | 21.72 | 20.76 | 23.62 | 22.42 | 17.52 | 14.63 | 16.58 | 20.02 |
Piotroski F-Score |
4 | 5 | 6 | 5 | 6 | 6 | 6 | 5 | 6 | 6 |
P/S ratio |
6.85 | 7.54 | 6.69 | 6.01 | 7.19 | 6.83 | 5.39 | 4.44 | 6.07 | 5.18 |
P/FCF ratio |
46.71 | 32.71 | 31.27 | 24.29 | 30.27 | 31.21 | 29.82 | 21.93 | 21.75 | 29.50 |
P/Operating CF |
72.86 | 58.73 | 59.80 | 54.46 | 72.69 | 55.97 | 62.44 | 120.40 | 58.54 | 48.47 |
P/B ratio |
2.96 | 3.23 | 3.02 | 2.84 | 3.69 | 3.13 | 2.33 | 1.94 | 2.59 | 2.18 |
Price to Tangible BV |
0.00 | 158.20 | 20.90 | 25.38 | 34.82 | 43.95 | 115.00 | 58.96 | 66.61 | 0.00 |
EV/Sales |
7.23 | 7.81 | 6.90 | 6.29 | 7.46 | 7.77 | 6.47 | 5.78 | 7.70 | 7.36 |
EV/EBITDA |
21.43 | 19.67 | 18.39 | 16.53 | 18.38 | 20.79 | 16.08 | 14.46 | 19.06 | 18.70 |
EV/Operating CF |
44.60 | 32.16 | 29.59 | 22.69 | 29.24 | 33.63 | 32.60 | 26.70 | 26.51 | 39.72 |
EV/FCF |
49.30 | 33.90 | 32.25 | 25.42 | 31.40 | 35.46 | 35.75 | 28.60 | 27.59 | 41.92 |
Quick Ratio |
2.98 | 3.79 | 3.48 | 3.00 | 3.02 | 3.46 | 2.48 | 2.79 | 2.94 | 3.00 |
Current Ratio |
2.98 | 3.79 | 3.48 | 3.00 | 3.02 | 3.46 | 2.48 | 2.79 | 2.94 | 3.00 |
Net Debt/EBITDA |
1.13 | 0.69 | 0.56 | 0.74 | 0.66 | 2.50 | 2.67 | 3.37 | 4.03 | 5.54 |
Debt/Assets |
12.17% | 13.25% | 10.13% | 10.56% | 9.52% | 13.43% | 12.11% | 16.06% | 13.26% | 14.95% |
Debt/Equity |
0.37 | 0.39 | 0.32 | 0.33 | 0.38 | 0.67 | 0.61 | 0.79 | 0.92 | 1.13 |
Asset Turnover |
0.16 | 0.16 | 0.15 | 0.13 | 0.12 | 0.09 | 0.09 | 0.07 | 0.06 | 0.06 |
Operating CF/Net income |
0.71 | 0.78 | 0.76 | 0.96 | 0.84 | 0.76 | 0.64 | 0.71 | 0.80 | 0.72 |
Capex/Depreciation |
(0.33) | (0.48) | (0.81) | (1.28) | (0.82) | (0.54) | (0.86) | (0.93) | (0.65) | (0.45) |
Interest Coverage |
11.47 | 14.08 | 21.49 | 30.12 | 36.34 | 27.78 | 27.34 | 29.66 | 25.63 | 22.27 |
| 10.70% | 14.61% | 14.22% | 13.68% | 16.14% | 14.31% | 13.55% | 13.39% | 16.24% | 10.98% | |
| 3.60% | 4.87% | 4.57% | 3.83% | 3.58% | 2.85% | 2.73% | 2.27% | 2.25% | 1.42% | |
ROIC |
6.74% | 8.89% | 9.07% | 9.31% | 10.83% | 7.06% | 7.05% | 6.61% | 6.08% | 5.10% |
Return on Tangible Assets |
45.10% | 46.59% | 54.31% | 63.57% | 61.95% | 52.73% | 81.40% | 66.15% | 70.59% | 52.03% |
Average Days of Receivables |
77.74 | 76.98 | 80.03 | 66.66 | 71.38 | 79.62 | 79.81 | 68.31 | 72.44 | 62.96 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
46.16% | 43.14% | 44.07% | 43.29% | 42.66% | 46.32% | 42.84% | 41.96% | 41.90% | 42.05% |
Intangible Assets out of Total Assets |
0.37 | 0.34 | 0.27 | 0.29 | 0.22 | 0.19 | 0.20 | 0.20 | 0.14 | 0.14 |
Share Based Compensation of Revenue |
5.40% | 3.69% | 3.53% | 3.96% | 3.79% | 3.84% | 3.90% | 3.97% | 3.99% | 4.25% |
Graham Net Nets |
(0.59) | (0.48) | (0.59) | (0.64) | (0.73) | (1.17) | (1.62) | (1.87) | (2.16) | (2.88) |
Graham Number |
540.32 | 550.91 | 468.36 | 440.12 | 465.49 | 408.25 | 373.00 | 349.61 | 368.32 | 277.46 |
Earnings Yield |
3.35% | 4.14% | 4.60% | 4.82% | 4.23% | 4.46% | 5.71% | 6.84% | 6.03% | 4.99% |
Free Cash Flow Yield |
2.14% | 3.06% | 3.20% | 4.12% | 3.30% | 3.20% | 3.35% | 4.56% | 4.60% | 3.39% |
Revenue per Share |
156.23 | 136.05 | 119.62 | 118.44 | 127.29 | 105.57 | 93.19 | 88.57 | 83.87 | 74.57 |
Operating CF per Share |
25.34 | 33.04 | 27.90 | 32.84 | 32.48 | 24.38 | 18.49 | 19.18 | 24.36 | 13.82 |
Capex per Share |
(2.42) | (1.70) | (2.30) | (3.53) | (2.24) | (1.26) | (1.63) | (1.27) | (0.96) | (0.72) |
Free Cash Flow per Share |
22.92 | 31.34 | 25.59 | 29.31 | 30.24 | 23.12 | 16.86 | 17.91 | 23.40 | 13.10 |
Cash per Share |
73.99 | 85.08 | 58.51 | 49.15 | 61.25 | 56.44 | 30.95 | 40.47 | 43.40 | 37.55 |
Shareholders Equity per Share |
362.03 | 317.76 | 264.57 | 251.00 | 248.40 | 230.19 | 215.45 | 202.33 | 196.40 | 177.28 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
362.03 | 317.76 | 264.57 | 251.00 | 248.40 | 230.19 | 215.45 | 202.33 | 196.40 | 177.28 |
Free Cash Flow |
3,552.00 | 4,701.00 | 3,821.00 | 4,423.00 | 4,603.00 | 3,549.00 | 2,630.00 | 2,871.00 | 3,795.00 | 2,154.00 |
Working Capital |
11,056.00 | 12,566.00 | 9,019.00 | 7,114.00 | 8,764.00 | 8,672.00 | 4,784.00 | 5,865.00 | 6,423.00 | 5,530.00 |
Capital Expenditures |
(375.00) | (255.00) | (344.00) | (533.00) | (341.00) | (194.00) | (254.00) | (204.00) | (155.00) | (119.00) |
Net Current Asset Value |
(97,257.00) | (73,885.00) | (71,059.00) | (69,072.00) | (101,730.00) | (129,449.00) | (127,001.00) | (117,995.00) | (178,656.00) | (182,737.00) |
EV/EBIT |
24.86 | 21.04 | 19.64 | 17.61 | 19.40 | 22.10 | 16.94 | 15.05 | 19.93 | 19.78 |
Capex to Sales |
0.02 | 0.01 | 0.02 | 0.03 | 0.02 | 0.01 | 0.02 | 0.01 | 0.01 | 0.01 |
Price to Operating Income |
23.55 | 20.30 | 19.04 | 16.83 | 18.70 | 19.45 | 14.13 | 11.54 | 15.71 | 13.92 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.90 | 0.48 | 0.38 | 0.41 | 0.54 | 0.53 | 0.41 | 0.34 | 0.41 | 0.47 |
Cash ROIC |
4.02% | 5.97% | 6.29% | 7.66% | 7.47% | 5.24% | 4.47% | 4.45% | 5.57% | 3.16% |
Accounts Receivable Turnover |
5.12 | 4.97 | 4.97 | 5.07 | 5.29 | 4.83 | 4.98 | 5.30 | 5.65 | 5.63 |
Accounts Payable Turnover |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Days of Payables |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Receivables |
4,731.00 | 4,110.00 | 3,590.00 | 3,526.50 | 3,662.00 | 3,357.00 | 2,918.00 | 2,678.00 | 2,407.00 | 2,176.00 |
Average Payables |
1,638.00 | 1,388.00 | 1,267.00 | 1,345.50 | 1,212.50 | 1,097.50 | 1,229.50 | 1,226.50 | 1,020.50 | 974.00 |
Average Assets |
154,306.50 | 130,913.00 | 120,419.50 | 135,138.00 | 164,815.00 | 172,802.00 | 164,097.50 | 189,907.00 | 220,209.00 | 222,719.00 |
Average Common Equity |
51,889.50 | 43,582.00 | 38,688.00 | 37,841.00 | 36,570.00 | 34,473.50 | 33,023.00 | 32,140.50 | 30,499.00 | 28,865.00 |
Columns are period end dates · fundamentals updated 15 Oct 2026