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.
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BlackRock (BLK) Price to free cash flow
As of 16 October 2026, BlackRock (BLK) trades at a price to free cash flow of 50.0×. Over the past ten years it has ranged from 15.2× (December 2018) to 52.2× (August 2026); the current reading is higher than 99% of that period. That is above the Asset Management industry median of 8.3× and above the Financial sector median of 9.9×.
Price to free cash flow, daily
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Annual newest first
| Period | Price to free cash flow | Change |
|---|---|---|
| FY2025 | 46.7× | 42.79% |
| FY2024 | 32.7× | 4.60% |
| FY2023 | 31.3× | 28.72% |
| FY2022 | 24.3× | (19.76%) |
| FY2021 | 30.3× | (2.99%) |
| FY2020 | 31.2× | 4.65% |
| FY2019 | 29.8× | 35.96% |
| FY2018 | 21.9× | 0.85% |
| FY2017 | 21.7× | (26.27%) |
| FY2016 | 29.5× | 44.89% |
Quarterly newest first
| Period | Price to free cash flow | Change |
|---|---|---|
| Sep 2026 | 46.6× | 9.78% |
| Jun 2026 | 42.5× | 4.38% |
| Mar 2026 | 40.7× | (12.92%) |
| Dec 2025 | 46.7× | 1.72% |
| 43 more quarters | Free account |
Against its own ten years
Price to free cash flow against peers
| Company | Price to free cash flow |
|---|---|
| NTRS Northern Trust Corporation compare | n/m |
| AMP Ameriprise Financial, Inc. compare | 5.7× |
| APO Apollo Global Management Inc. compare | 7.0× |
| BX Blackstone Inc. compare | 15.5× |
| STT State Street Corporation compare | 22.5× |
| ARES Ares Management Corporation compare | 30.4× |
| KKR KKR & Co. Inc. compare | 33.0× |
| BAM Brookfield Asset Management Ltd. compare | 33.2× |
| BLK BlackRock | 50.0× |
| Asset Management industry median | 8.3× |
| Financial sector median | 9.9× |
| Market median | 14.2× |
What Price to free cash flow is
Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.
Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))
More on BLK
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- 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
- Piotroski F-score
- The full statement