BlackRock BLK
- Market cap
- $174.4B
- P/E
- 25.6×
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BlackRock (BLK) Free cash flow margin
BlackRock's free cash flow margin over the twelve months to 30 June 2026 was 12.9%, down 1.8 percentage points from fiscal 2025 (14.7%). Over the past ten years it has ranged from 14.7% (fiscal 2025) to 27.9% (fiscal 2017) — the current reading is the lowest in ten years. That is in line with the Asset Management industry median of 12.4% and below the Financial sector median of 15.6%.
Free cash flow margin, annual
Annual
| Period | Free cash flow margin | Change (points) |
|---|---|---|
| FY2025 | 14.7% | (8.37) |
| FY2024 | 23.0% | 1.64 |
| FY2023 | 21.4% | (3.35) |
| FY2022 | 24.8% | 0.99 |
| FY2021 | 23.8% | 1.86 |
| FY2020 | 21.9% | 3.81 |
| FY2019 | 18.1% | (2.13) |
| FY2018 | 20.2% | (7.68) |
| FY2017 | 27.9% | 10.33 |
| FY2016 | 17.6% | (6.84) |
Against its own ten years
Free cash flow margin against peers
| Company | Free cash flow margin |
|---|---|
| AMP Ameriprise Financial, Inc. compare | 41.4% |
| BAM Brookfield Asset Management Ltd. compare | 40.8% |
| BX Blackstone Inc. compare | 34.1% |
| APO Apollo Global Management Inc. compare | 26.4% |
| ARES Ares Management Corporation compare | 14.0% |
| BLK BlackRock | 12.9% |
| KKR KKR & Co. Inc. compare | 11.0% |
| STT State Street Corporation compare | 8.78% |
| NTRS Northern Trust Corporation compare | −1.44% |
| Asset Management industry median | 12.4% |
| Financial sector median | 15.6% |
| Market median | 0.00% |
What Free cash flow margin is
Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.
(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue
More on BLK
- Revenue
- Net income
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- The full statement