Where do Blackrock's ratios come from?

Every ratio is computed from Blackrock's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

Blackrock BLK Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM Q1 '25
Profitability
Operating margin	128.3%-17.5pp	132.7%—	140.7%—	144.7%—	145.8%—
Net margin	103.7%-21.4pp	109.3%—	117.6%—	122.4%—	125%—
EBITDA margin	145.6%—	147.8%—	153.7%—	155.8%—	——
Free cash flow margin	64.2%—	68.8%—	77.2%—	80.9%—	——
Returns
Return on equity	49.6%-10.0pp	52%—	55.9%—	58.5%—	59.6%—
Leverage
Debt-to-equity	1.1×—	1.1×—	1.2×—	1.2×—	——
Debt-to-assets	0.4×—	0.4×—	0.4×—	0.4×—	——
Net debt / EBITDA	2.2×—	2.5×—	2.2×—	1.6×—	——
Interest coverage	48.5×-11.1×	46.9×—	49.5×—	53.5×—	59.6×—
Per Share
Book value per share	$1,341.59+15.2%	$1,304.71+16.1%	$1,270.55+18.6%	$1,209.67+14.8%	$1,164.27—
Valuation
Market capitalization	$651.89B+15.7%	$649.24B+20.1%	$641.95B+27.7%	$602.06B+31.3%	$563.36B+26.6%
Enterprise value	$670.75B—	$669.5B—	$660.14B—	$615.34B—	——
Price / earnings	107.7×+17.0×	107.1×—	102.2×—	95.7×—	90.7×—
Price / sales	27.8×-0.5×	29×—	29.9×—	29.3×—	28.3×—
Price / book	12×-0.7×	12.5×-0.3×	12.8×+0.3×	13×+1.4×	12.7×+1.4×
EV / EBITDA	78.7×—	81.1×—	80.1×—	76.8×—	——
EV / sales	28.6×—	29.9×—	30.7×—	29.9×—	——
Free cash flow yield	9.3%—	9.5%—	10.3%—	11%—	——
Earnings yield	15%-2.8pp	15.1%—	15.8%—	16.7%—	17.8%—

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Where do Blackrock's ratios come from?: Every ratio is computed from Blackrock's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.