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Earnings transcript
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BLK
BlackRock, Inc.
$966.56
9.16
(0.96%)
| Exchange: | NYSE |
| Market Cap: | |
| Shares Outstanding: | 53.722M |
About The Company
| Sector: | Financial Services | |||||
| Industry: | Asset Management | |||||
| CEO: | Laurence Douglas Fink | |||||
| Full Time Employees: | 22600 | |||||
| Address: |
| |||||
| Website: | http://www.blackrock.com/corporate |
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 City with additional offices in Boston, Massachusetts; London, United Kingdom; Gurgaon, India; Hong Kong; Greenwich, Connecticut; Princeton, New Jersey; Edinburgh, United Kingdom; Sydney, Australia; Taipei, Taiwan; Singapore; Sao Paulo, Brazil; Philadelphia, Pennsylvania; Washington, District of Columbia; Toronto, Canada; Wilmington, Delaware; and San Francisco, California.
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Revenue Segmentation
EPS
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Earnings Call
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Key takeaways
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 17,859,000 | 20,407,000 | 24,216,000 |
| Gross Profit | 8,582,000 | 10,086,000 | 13,445,000 |
| EBITDA | 6,773,000 | 8,207,000 | 8,474,000 |
| Operating Income | 6,275,000 | 7,574,000 | 7,045,000 |
| Net Income | 5,502,000 | 6,369,000 | 5,553,000 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 123,211,000 | 138,615,000 | 169,998,000 |
| Total Liabilities | 81,971,000 | 89,260,000 | 108,456,000 |
| Total Stockholders Equity | 39,347,000 | 47,495,000 | 55,888,000 |
| Total Debt | 9,702,000 | 14,222,000 | 2,228,000 |
| Cash and Cash Equivalents | 8,736,000 | 12,762,000 | 11,468,000 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 4,165,000 | 4,956,000 | 0 |
| Capital Expenditure | -344,000 | -255,000 | 0 |
| Free Cash Flow | 3,821,000 | 4,701,000 | 0 |
| Net Income | 5,502,000 | 6,369,000 | 0 |
| Net Change in Cash | 1,320,000 | 4,026,000 | 0 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2029 | Full Access | Full Access | Full Access | Full Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 35,107,770.062 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (High) | 39,770,701.106 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (Avg) | 37,899,158.600 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Low) | 13,516,134.116 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (High) | 15,311,315.104 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Avg) | 14,590,790.290 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Low) | 11,127,870.583 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (High) | 13,096,190.139 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Avg) | 12,306,173.574 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Low) | 4,560,007.827 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (High) | 5,165,657.289 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Avg) | 4,922,570.119 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Avg) | 74.400 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (High) | 79.180 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Low) | 67.280 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated Revenue) | 2 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated EPS) | 1 | Full Access | Full Access | Full Access | Full Access |
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Current Key Metrics
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Login — it's freeForward P/E Ratios
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Login — it's freeSWOT Analysis
Strengths (preview)
- Robust Revenue and Profitability Metrics: BLK demonstrates strong financial performance with consistent revenue growth and high net income as reflected in the income statements. Key metrics such as gross profit margin TTM and net profit margin TTM indicate operational efficiency, positioning BLK as a leader in the asset management industry.
- Strong Cash Flow Generation: The cash flow statements highlight significant free cash flow TTM and net cash provided by operating activities, underscoring BLK’s ability to generate substantial liquidity for reinvestment, dividends, and debt management.
- Market Leadership and Scale: With a substantial market capitalization and a dominant position in the asset management industry within the financial sector, as per the company profile, BLK benefits from economies of scale and a strong brand reputation, supported by a large workforce and global presence.
- Dividend Yield and Shareholder Returns: BLK offers a competitive dividend yield TTM, as shown in key metrics, alongside a history of consistent dividend payments, making it attractive to income-focused investors.
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At what price to buy it? -
Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MARKETSnap estimates BLK intrinsic value between $456.28 – $727.01 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
Common questions about BLK valuation
Is BlackRock, Inc. (BLK) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for BlackRock, Inc. (BLK) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is BLK a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether BLK trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is BLK’s P/E ratio?
You can see BLK’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for BLK?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is BLK a good long-term investment?
Whether BLK fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
BLK
1-day price chart preview. Log in for 1W through 5Y ranges and period tabs.
0.96
Trading Metrics:
| Open: | 929.25 | Previous Close: | 957.4 | |
| Day Low: | 929.25 | Day High: | 971.24 | |
| Year Low: | 773.74 | Year High: | 1219.94 | |
| Price Avg 50: | 1034.16 | Price Avg 200: | 1083.38 | |
| Volume: | 568607 | Average Volume: | 877593 |
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Login — it's freeBLK full analysis
Welcome to MARKETSNAP’s SWOT analysis for BlackRock, the heavyweight in the asset management game. If you’re a long-term investor looking to build wealth, you’ve likely heard of BlackRock, so I won’t bore you with the basics. Instead, let’s dive into what’s been happening with this financial giant lately, unpack a detailed SWOT to see where they stand, and figure out what this means for your portfolio over the long haul. Stick with me as we break down the strengths, weaknesses,…
