# Blackrock, Inc. (BLK) — Stock CV

Blackrock, Inc. is a $168B financial services company. Revenue grew 26.5% over the last year, and it keeps 24¢ of every dollar of sales as profit. It trades at 26.7× earnings — in the most expensive third of its own history.

> BlackRock is the largest asset manager in the world, with $15.345 trillion in assets under management at the end of June 2026. Its product mix is diverse, with 58% of managed assets in equity strategies, 22% in fixed income, 9% in multi-asset classes, 7% in money market funds, and 4% in alternatives.

## Identity

- **Ticker**: BLK
- **Sector**: Financial Services
- **Industry**: Security Brokers, Dealers & Flotation Companies
- **Headquarters**: NEW YORK, NY
- **Employees**: 26 200
- **Website**: https://www.blackrock.com
- **Market cap**: $168B
- **Last price**: $1 083.20
- **Financial profile**: Mixed

## Vitals (TTM)

- **Revenue**: $27.3B
- **Net income**: $6.58B
- **Free cash flow**: $3.52B
- **Net debt**: $1.30B
- **P/E**: 26.7
- **Revenue growth (YoY)**: 26.5%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 34 |
| Growth | 43 |
| Profitability | 74 |
| Health | 70 |
| Quality | 62 |
| Moat | 95 |

## Qualifications (beginner checklist) — 10 of 11 passed

- [x] Revenue growing — +26.5% YoY
- [x] Profitable — $6.58B TTM
- [x] Profit growing — +0.5% YoY
- [x] Generates cash — $3.52B TTM
- [x] Debt under control — ~0.4y of cash flow to repay
- [x] Established company — $168B market cap
- [x] Not printing shares — +3.9% shares over ~5y
- [x] Proven track record — 10/10 profitable years
- [ ] Financially stable — health score 50/100
- [x] Pays a dividend — yield 2.05%
- [x] Valuation not extreme — P/E 26.7

## Experience (career milestones)

- **2025** — BlackRock launched its first European bitcoin exchange-traded product, the iShares Bitcoin ETP,…
- **FY2024** — Best year on record: $6.37B net income
- **2024** — BlackRock launched its first tokenized fund, the BlackRock USD Institutional Digital Liquidity Fund…
- **2024** — BlackRock agreed to acquire HPS Investment Partners, a private credit manager with approximately…
- **FY2020** — Became debt-free: cash now exceeds total debt
- **FY2018** — Revenue crossed $1B: $14.2B for the year
- **FY2018** — Revenue crossed $10B: $14.2B for the year
- **FY2016** — Profitable every year on record: 10 consecutive profitable years in our data
- **FY2016** — Positive free cash flow every year since: 10-year streak
- **2009** — BlackRock acquired R3 Capital Management, LLC and management of its $1.5 billion fund
- **2007** — BlackRock acquired the fund-of-funds business of Quellos Capital Management
- **2006** — BlackRock merged with Merrill's Investment Managers division (MLIM) in 2006, halving PNC's ownership and giving…
- **2004** — BlackRock made its first major acquisition, buying State Street Research & Management's holding…
- **2000** — The firm launched BlackRock Solutions to provide risk management and investment analytics to institutional…
- **Oct 1, 1999** — BlackRock became a public company, selling shares at $14 each via an initial public offering on…
- **1988** — Founded in 1988, initially as an enterprise risk management and fixed income institutional asset manager, BlackRock…

## Strengths

- High gross margin (81.7%)
- Strongly profitable — 24.1% net margin
- Revenue growing 26.5% year over year
- Interest covered 67.2× by operating earnings

## Watch-outs

- None stand out in the data.

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $19.4B | $5.90B | $4.60B |
| FY2022 | $17.9B | $5.18B | $4.42B |
| FY2023 | $17.9B | $5.50B | $3.82B |
| FY2024 | $20.4B | $6.37B | $4.70B |
| FY2025 | $24.2B | $5.55B | $3.55B |

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Source: https://stockcv.com/BLK — derived from company filings; may be delayed or incomplete. Information, not investment advice.