Rankings Financial data & insurance broking BlackRock
BlackRock
87
15070100
A view of the same findings, not a new score. How it works
A strong score: the model found few serious problems, but analysts see limited upside from here.
Biggest deductions
- Growth quality (stronger, not just bigger)−6
- Litigation and politics−3
- Capital allocation−2
Strengths
- Net inflow and organic fee growth+3
- Margin+1
How the score is built
From 100 to 87, step by step: points off for the business, the price and the cracks, back for documented strengths, then three data adjustments.
Start
Score
Hover or select a step to see what drove it. Steps with findings open them below.
Key numbers
As of 2 Nov 2026. Analyst targets tend to be optimistic; read upside as a hint, not a forecast.
- Price
- 1,167 USD
- Median analyst target
- 1,350 USD
- Upside to median
- +15.7%
- Analysts
- 18
- Target range
- 1,250 – 1,531 USD
- 52-week change
- +8%
- P/E (trailing)
- 26.5
- Forward P/E
- 18.6
- PEG
- 1.18
Findings
Every deduction and every plus, with its source. Open a step to read them.
Business
Is the company getting stronger, not just bigger? · 2 findings−8 of −30
- −6Growth quality (stronger, not just bigger)Revenue has risen 41% from 2021 to TTM (USD 19.4bn to 27.3bn), but GAAP EPS only 9% (USD 38.22 to 41.83); net margin fell from 30.5% to 24.1%, ROIC from 14.9% to 11.5%, and the share count rose 6.6% in a year because GIP, HPS and Preqin were paid for with shares.
- −2Capital allocationFCF fell from USD 4.6bn (2021) to 3.5bn (TTM); dividends and buybacks exceed FCF (FCF payout ratio 106%), while shares are issued for acquisitions.
Price
Today's multiples against the company's own history and its peers. · 2 findings−4 of −35
- −2Multiples vs own historyForward P/E 18.1 is below its own history (20.7-22.6 in 2021-2025) and trailing P/E 25.9 mid-range in 20.6-29.9; but P/FCF 50 versus 24-34 in 2021-2024, i.e. only a 2% FCF yield.
- −2PeersForward P/E 18.1 versus T. Rowe Price (10.3) and Ameriprise (10.2); the premium is partly justified by growth, but large.
Cracks
Cash flow, customers, debt, insiders, guidance and what sits behind the headline numbers. · 2 findings−5 of −35
- −3Litigation and politicsTexas and 12 other states are pursuing an antitrust case on climate/coal against BlackRock and State Street (judge denied dismissal in 2025; Vanguard settled for USD 29.5m); on 18 Sep 2026 the Department of Justice is considering joining the case.
- −2Private credit riskHPS (acquired 2025) had approx. 430m USD in loans to Broadband Telecom/Bridgevoice, where the collateral was allegedly fictitious receivables; together with First Brands and Tricolor, this raises doubts about credit controls in the private credit business that is meant to carry growth.
Plus
Only documented strengths. · 2 findings+4 of +15
- +3Net inflow and organic fee growthRecord inflows: USD 192bn in Q2, 321bn in H1 and 868bn over 12 months; organic base fee growth of 10% (12 months), i.e. no net fee pressure despite low-cost indexes.
- +1MarginAdjusted operating margin 45.9% in Q2, +260 bp year on year; revenue +31% and technology revenue (Aladdin) +13%.
Caveats
What the score does not capture, or where the data is weak.
Q3 report 14 Oct. 2026 (before the open); the score is from before the report. GAAP EPS is pressured by acquisition costs and amortization after GIP, HPS and Preqin; adjusted EPS is higher (Q2 13.91 versus 12.19). Not to be confused with BlackRock Silver (separate analysis)
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