BlackRock (BLK) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

BlackRock

NYSE•Financial Services•Asset Management

$1,053.96+16.72(0.02%)After hours

Market Cap

$163.52B

P/E

24.9x

P/S

6.0x

P/B

2.8x

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.

How this company scores

GoodMetricSide Score: 68/100

Strongest: Balance Sheet & Red Flags (20/25); weakest: Cash & Earnings Quality (14/25).

Profitability15/25

Growth19/25

Balance Sheet & Red Flags20/25

Cash & Earnings Quality14/25

Strengths

Growing revenueStrong marginsLow leverageImproving leverage

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 24.9x5y range 15.3x – 30.3x

Currently near its 20-quarter median.

P/S · 6.0x5y range 4.6x – 8.0x

Currently near its 20-quarter median.

P/B · 2.8x5y range 2.3x – 3.7x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

Some Concerns

Margin Pressure

Watch

Operating margins declined 6.3% — watch for continued compression, which may signal competitive or cost pressure.

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 3 quarters — monitor for earnings quality deterioration.

Price & Volume

Market Cap $163.52B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $27.30B
Q. Revenue: $7.08B
TTM EBITDA: $9.19B
TTM Op. Income: $8.89B
Q. Op. Income: $2.46B
TTM Net Income: $6.58B
Q. Net Income: $1.91B
EPS: $12.34
Shares Out.: $155.15M

$27.30B in TTM revenue grew 26.5% YoY, reaching $7.08B last quarter. TTM EBITDA of $9.19B and TTM operating income of $8.89B show growth is flowing through to the bottom line. TTM net income of $6.58B means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 34.7%
Op. Margin: 34.7%
Net Margin: 27.0%

Op. margin of 34.7% is up 2.8% YoY — cost efficiency is improving. Net margin at 27.0% Over the past year, operating margin is up 9% — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 24.9x
P/S Ratio: 6.0x
P/B Ratio: 2.8x

At 24.9x P/E, the stock trades within typical market levels. P/S of 6.0x and P/B of 2.8x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is down 2% — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $175.88B
Cash: $10.49B
Long-Term Debt: $12.74B
Book Value: $57.61B
D/E Ratio: 0.2
Debt/EBITDA: 5.2

With $175.88B in assets and $12.74B in long-term debt, D/E is 0.2and book value is $57.61B — a conservative capital structure with a cushion to weather downturns. Across the last 8 quarters, debt/equity has fallen for 4 consecutive quarters — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $1.23B
TTM Free Cash Flow: $3.52B
FCF Margin: 12.9%
FCF / Net Income: 0.5

TTM FCF of $3.52B on $1.23B in operating cash flow. The FCF / Net Income ratio of 0.5x means cash covers only part of net income — earnings quality needs attention. Over the past year, free cash flow is down 10% — a weakening trend.