BlackRock, Inc.

BLKNYSE

$1,130.00

Last price · USD

Market cap: $181.8B
P/E: 32.0x
EV / EBITDA: 22.9x
P/S: 7.5x
FCF yield: 2.0%
Div. yield: 1.84%

Multiples use last price and FY2025 annual figures. Market cap estimated from diluted shares.

BlackRock, Inc. balance sheet

Annual · USD millions except per-share data · 40 lines

Fiscal year	2025latest	2024	2023	2022	2021	CAGR
Current assets
Cash & cash equivalents	11,468	12,762	8,736	7,416	9,323	+5.3%
Short-term investments	2,789	1,823	1,871	1,331	0	—
Cash & short-term investments	14,257	14,585	10,607	8,747	9,323	+11.2%
Net receivables	5,158	4,449	4,121	3,618	3,789	+8.0%
Accounts receivable	5,158	4,304	3,916	3,264	3,789	+8.0%
Other receivables	0	145	205	354	0	—
Other current assets	8,009	6,152	4,650	5,856	7,081	+3.1%
Total current assets	27,424	25,186	19,378	18,221	20,193	+8.0%
Non-current assets
Property, plant & equipment (net)	3,130	2,622	2,533	2,547	2,383	+7.1%
Goodwill	35,283	25,949	15,524	15,341	15,351	+23.1%
Intangible assets	27,968	20,743	18,258	18,302	18,453	+11.0%
Goodwill & intangible assets	63,251	46,692	33,782	33,643	33,804	+17.0%
Long-term investments	10,395	7,708	7,572	5,690	7,262	+9.4%
Other non-current assets	65,798	56,407	59,946	57,527	89,006	-7.3%
Total non-current assets	142,574	113,429	103,833	99,407	132,455	+1.9%
Total assets	169,998	138,615	123,211	117,628	152,648	+2.7%
Current liabilities
Accounts payable	0	0	1,155	1,202	1,207	—
Total payables	0	0	1,155	1,202	1,207	—
Short-term debt	0	0	0	0	14	—
Other current liabilities	1,740	1,536	85	92	176	+77.3%
Total current liabilities	1,740	1,536	1,240	1,294	1,397	+5.6%
Non-current liabilities
Long-term debt	12,768	12,314	7,918	6,654	7,446	+14.4%
Capital lease obligations (non-current)	2,228	1,908	1,784	1,835	1,872	+4.4%
Deferred tax liabilities (non-current)	4,618	3,334	3,506	3,381	2,758	+13.8%
Other non-current liabilities	87,102	70,168	67,523	65,679	100,282	-3.5%
Total non-current liabilities	106,716	87,724	80,731	77,549	112,358	-1.3%
Capital lease obligations	2,228	1,908	1,784	1,835	1,872	+4.4%
Total debt	14,996	14,222	9,702	8,489	9,318	+12.6%
Total liabilities	108,456	89,260	81,971	78,843	113,755	-1.2%
Stockholders' equity
Common stock	2	2	2	2	2	0.0%
Retained earnings	37,899	35,611	32,343	29,876	27,688	+8.2%
Additional paid-in capital	19,748	13,446	19,833	19,772	19,640	+0.1%
Treasury stock	(1,216)	(386)	(11,991)	(10,805)	(9,087)	—
Accumulated other comprehensive income (loss)	(545)	(1,178)	(840)	(1,101)	(550)	—
Total stockholders' equity	55,888	47,495	39,347	37,744	37,693	+10.3%
Total equity	61,542	49,355	41,240	38,785	38,893	+12.2%
Minority interest	5,654	1,860	1,893	1,041	1,200	+47.3%
Total liabilities & equity	169,998	138,615	123,211	117,628	152,648	+2.7%
Additional fields
Net Debt	3,528	1,460	966	1,073	(5)	—
Total Investments	13,184	9,531	9,443	7,021	7,262	+16.1%

BlackRock, Inc.

BLKNYSE

$1,130.00

Last price · USD

Market cap: $181.8B
P/E: 32.0x
EV / EBITDA: 22.9x
P/S: 7.5x
FCF yield: 2.0%
Div. yield: 1.84%

Multiples use last price and FY2025 annual figures. Market cap estimated from diluted shares.

BlackRock, Inc. balance sheet

Annual · USD millions except per-share data · 40 lines

Fiscal year	2025latest	2024	2023	2022	2021	CAGR
Current assets
Cash & cash equivalents	11,468	12,762	8,736	7,416	9,323	+5.3%
Short-term investments	2,789	1,823	1,871	1,331	0	—
Cash & short-term investments	14,257	14,585	10,607	8,747	9,323	+11.2%
Net receivables	5,158	4,449	4,121	3,618	3,789	+8.0%
Accounts receivable	5,158	4,304	3,916	3,264	3,789	+8.0%
Other receivables	0	145	205	354	0	—
Other current assets	8,009	6,152	4,650	5,856	7,081	+3.1%
Total current assets	27,424	25,186	19,378	18,221	20,193	+8.0%
Non-current assets
Property, plant & equipment (net)	3,130	2,622	2,533	2,547	2,383	+7.1%
Goodwill	35,283	25,949	15,524	15,341	15,351	+23.1%
Intangible assets	27,968	20,743	18,258	18,302	18,453	+11.0%
Goodwill & intangible assets	63,251	46,692	33,782	33,643	33,804	+17.0%
Long-term investments	10,395	7,708	7,572	5,690	7,262	+9.4%
Other non-current assets	65,798	56,407	59,946	57,527	89,006	-7.3%
Total non-current assets	142,574	113,429	103,833	99,407	132,455	+1.9%
Total assets	169,998	138,615	123,211	117,628	152,648	+2.7%
Current liabilities
Accounts payable	0	0	1,155	1,202	1,207	—
Total payables	0	0	1,155	1,202	1,207	—
Short-term debt	0	0	0	0	14	—
Other current liabilities	1,740	1,536	85	92	176	+77.3%
Total current liabilities	1,740	1,536	1,240	1,294	1,397	+5.6%
Non-current liabilities
Long-term debt	12,768	12,314	7,918	6,654	7,446	+14.4%
Capital lease obligations (non-current)	2,228	1,908	1,784	1,835	1,872	+4.4%
Deferred tax liabilities (non-current)	4,618	3,334	3,506	3,381	2,758	+13.8%
Other non-current liabilities	87,102	70,168	67,523	65,679	100,282	-3.5%
Total non-current liabilities	106,716	87,724	80,731	77,549	112,358	-1.3%
Capital lease obligations	2,228	1,908	1,784	1,835	1,872	+4.4%
Total debt	14,996	14,222	9,702	8,489	9,318	+12.6%
Total liabilities	108,456	89,260	81,971	78,843	113,755	-1.2%
Stockholders' equity
Common stock	2	2	2	2	2	0.0%
Retained earnings	37,899	35,611	32,343	29,876	27,688	+8.2%
Additional paid-in capital	19,748	13,446	19,833	19,772	19,640	+0.1%
Treasury stock	(1,216)	(386)	(11,991)	(10,805)	(9,087)	—
Accumulated other comprehensive income (loss)	(545)	(1,178)	(840)	(1,101)	(550)	—
Total stockholders' equity	55,888	47,495	39,347	37,744	37,693	+10.3%
Total equity	61,542	49,355	41,240	38,785	38,893	+12.2%
Minority interest	5,654	1,860	1,893	1,041	1,200	+47.3%
Total liabilities & equity	169,998	138,615	123,211	117,628	152,648	+2.7%
Additional fields
Net Debt	3,528	1,460	966	1,073	(5)	—
Total Investments	13,184	9,531	9,443	7,021	7,262	+16.1%