Fundamental analysis · SEC EDGAR · TTM through 31/03/2026

Fundamental analysis of BlackRock, Inc.

BLK · NYSE · Financial

Fundamental quality

ATTRACTIVE

82

out of 100

BlackRock, Inc. grows profitably: it increases revenue at double digits (29.5% a year) without giving up profitability (net margin 24.4%). On fundamental quality it scores 82 out of 100, profiling it as a company with solid fundamentals. Whether it's cheap or expensive depends on the current price, which you can compute in the tool.

What the company does

BlackRock is the world's largest asset manager: it invests the money of millions of savers and institutions. It owns iShares, the largest family of exchange-traded funds (ETFs), and Aladdin, the risk-management software used across half the financial industry.

What will shape its future

  • The volume of assets it manages, tied to how markets perform and to attracting new money.
  • The unstoppable growth of passive investing and ETFs, where it's the leader.
  • Its technology business (Aladdin) and its expansion into private assets.

Breakdown by area

I.Growth
78

EPS growth: 4.9% · Revenue growth: 29.5%

II.Profitability
78

Net margin: 24.4% · ROE: 11%

III.Financial health
90

Net debt/EBITDA: 0.31x · FCF: 14.3%

Source: SEC EDGAR · TTM through 31/03/2026

The score combines growth, profitability and financial strength, and here its pillars hold up evenly.

Versus its sector

Percentile against the other 71 Financial companies in our coverage: how far it beats them on each metric (100 = best in sector).

Net marginbeats 70%
ROEbeats 30%
Growthbeats 88%
Cash generationbeats 35%
Less debtbeats 68%

Computed from the daily dataset scores. A high percentile places the company among the best in its sector on that metric; it is not a buy recommendation.

Key concepts

What do these metrics mean? Fundamental analysis · What is the P/E · What is EPS · What is ROE · Net & gross margin · Free cash flow

BlackRock, Inc. strengths

  • Revenue growing strongly (29.5% annualized).
  • High net margin (24.4%): the business is clearly profitable.
  • Strong free-cash-flow generation (FCF margin of 14.3%): profit turns into real cash.
  • Positive free cash flow year after year, a self-funding business.

BlackRock, Inc. risks and weaknesses

  • Shrinking margins: net margin has fallen from 47% to 23% in recent years.
  • Its net debt has grown over the period.

BlackRock, Inc. historical evolution

YearRevenueNet incomeFree cash flowNet debt
202211,0615,1784,423-7,433
202311,0125,5023,821-818
202412,7946,3694,701-448
202524,2165,5533,5521,300

Between 2022 and 2025, revenue went from $11,061M to $24,216M (+119%) and net income went from $5,178M to $5,553M (+7%). Meanwhile, its margins have narrowed (from 47% to 23%).

Annual figures in millions of U.S. dollars ($M) per SEC filings. Net debt is total debt minus cash.

Latest results

Versus the same period a year earlier

Figures for the quarter ended March 31, 2026, versus the quarter ended March 31, 2025 (SEC filings):

  • Revenue+27%
  • Net income+46.5%

Automatic comparison between the two most recent periods filed with the SEC. One quarter doesn't make a trend: read it alongside the historical evolution above.

Dividend

$20.84

per share, yearly

48.7% of earnings

Payout

at least 3 straight years raising it

Growth

That is what we can verify in the SEC filings, whose structured data only starts in 2008 and which many companies begin tagging later. The real streak may be considerably longer.

The dividend yield depends on today's price. Compute it in the analyzer → · See all dividend-paying stocks →

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Is BlackRock, Inc. cheap or expensive?

That depends on the current price. Look it up, enter it in the tool and get the full valuation verdict (P/E against its sector).

Compute the valuation →

Frequently asked questions

Is BlackRock, Inc. a good company to invest in?

In terms of business quality, BlackRock, Inc. scores 82 out of 100 in our analysis, placing it as a company of high fundamental quality. That said, this isn't a recommendation: whether it's a good investment also depends on its current price and your goals.

Is BlackRock, Inc. a profitable company?

Very. BlackRock, Inc. shows a net margin of 24.4% and an ROE of 11%, typical of a highly profitable business.

Does BlackRock, Inc. have a lot of debt?

Not particularly. Its net debt is 0.31 times its EBITDA, a low level.

Is BlackRock, Inc. growing?

Its revenue has grown 29.5% annualized in recent years and its earnings per share 4.9%.

Does BlackRock, Inc. generate cash?

Yes. It converts about 14.3% of its revenue into free cash flow, and has done so positively year after year.

The thresholds are general and the system doesn't judge qualitative factors. See the full methodology and use this analysis as a first filter, never as a final decision.

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