BLK

BlackRock

Fundamental data last updated:April 13, 2026

company profile

SECTOR

Financial Services

industry

Asset Management

Exchange

NYSE

County of HQ

United States

Next Earnings Date

04/14/26

Business Summary

BlackRock generates cash by managing assets at scale and collecting fees across a vast platform of investment products. Its moat is built on distribution dominance, institutional relationships, and embedded positioning within retirement, ETF, and advisory ecosystems. Scale drives operating leverage—incremental assets under management translate into fee revenue without proportional cost growth. The result is a cash-generating machine tied directly to global capital markets participation, where size and trust reinforce each other over time.

VALUATION

P/E

28.3

Market Cap ($M USD)

$155,434

Forward P/E

16.3

PEG

2.2

PRICE TO SALES

6.6

PRICE TO BOOK

2.8

EV / EBITDA

16.7

5-Year Average P/E

DIVIDEND

Yield

2.10%

Annual Payout

$22.92

Payout Ratio

58.20%

Consecutive Years of Dividend Growth

10+

5-Year Dividend Growth Rate

6.80%

Financial Health & Profitability

Earnings Per Share

$35.83

Next Year EPS Growth Estimate

$61.31

Next Year Revenue Growth Estimate

10.80%

Return on Equity (ROE)

9.90%

Operating Margin

32.70%

Debt-to-Equity

0.3

Piotroski F-Score

5

Altman Z-Score

1.7

Return on Invested Capital (ROIC)

8.50%%

Current Ratio

15.8

Quick Ratio

Gainseekers Quantitative Analysis

Summary

BlackRock is priced like a mature franchise but guided like a growth story. A trailing P/E of 28.3 against a Forward P/E of 16.3 implies a dramatic earnings inflection, with EPS projected at $35.83 versus current EPS of 16.7, yet the PEG Forward of 2.2 suggests the market is not fully discounting that acceleration as cheap. The Altman Z-Score of 1.7 is the real tension point here—it signals balance sheet vulnerability beneath a $155,434M market cap giant, meaning this is not a fortress despite its scale. This is not a screaming bargain, but if forward earnings materialize, the compression from 28.3x to 16.3x could make today’s valuation look conservative rather than stretched.

AI Exposure / Tech Reliance

As an Asset Management firm in Financial Services, BlackRock operates in a data-driven, scale-centric industry where AI integration enhances portfolio construction, risk modeling, and ETF efficiency. The firm’s ability to embed AI into asset allocation and analytics is less about disruption risk and more about optimization leverage. In this space, technological adoption strengthens incumbents with scale rather than eroding them.

The Bull Case

A GARP investor buys this because the forward earnings ramp is massive and the capital efficiency is respectable. ROIC at 8.50% paired with Return on Equity of 10.80% shows disciplined capital deployment, while a Piotroski F-Score of 5 signals operational stability rather than deterioration. Operating Margin of 9.90% in asset management is not elite, but it is durable, and a Debt/Equity ratio of 32.70% is manageable for a financial platform business. Add a Current Ratio of 15.8 and short interest at just 6.80%, and you have a liquid, institutionally embedded name with earnings momentum and modest skepticism—exactly the kind of setup that can rerate if EPS hits $35.83.

The Bear Case

The bear case is about fragility beneath the surface. A PEG Forward of 2.2 means you are paying up for growth that must execute perfectly, and the Altman Z-Score of 1.7 suggests underlying financial stress risk that cannot be ignored. Operating Margin at 9.90% is thinner than a premium asset manager should command, while ROIC at 8.50% does not scream compounding machine. Add a Short % of Float at 6.80% and a P/E of 28.3, and the market is clearly hedging against disappointment—if forward EPS falters, this multiple compresses fast.

Market Sentiment & Smart Money

Short Interest %

1.00%

Analyst Consensus

1.47

Average Analyst Price Target

$1,248.53

Institutional Ownership %

82.50%

1-Year Beta

1.24

Insider Buying % (6 Mo)

2.00%%

Distance to 52-Week High

81.90%%

Distance to 52-Week Low

118.90%%