BlackRock, Inc. Financial Ratios — BLK Stock

Profitability (USD)

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	52.41	42.4	39.87	35.85	30.16	24.66	32.36	23.77	21.86	21.44	22.68	17.99	17.68	18.74	15.11
Return on Assets (%)	1.3	1.29	1.4	1.43	1.44	1.42	2.25	2.27	2.73	2.85	3.58	3.83	4.57	4.87	3.6
Return on Capital (%)	24.09	19.7	20.05	20.35	19.31	18.25	24.78	18.62	17.16	15.13	15.77	14.25	13.34	13.9	10.24
Return on Invested Capital (%)	7.81	7.56	8.72	9.63	9.73	9.65	13.93	11.64	11.07	10.79	12.05	10.77	10.24	10.33	8.8
Gross Margin (%)	53.43	53.98	54.6	54.9	54.14	49.08	49.92	50.75	50.94	51.01	50.68	48.59	48.05	49.42	46.7
EBITDA Margin (%)	39.42	40.9	41.96	43.34	43.5	39.93	40.4	40.41	40.22	37.35	40.6	38.57	37.89	39.53	37.31
Operating Margin (%)	36.13	37.74	39.11	40.83	40.91	37.79	38.63	38.86	38.18	35.14	38.45	36.23	35.49	36.94	32.66
Incremental Operating Margin (%)	60.34	94.92	54.21	60.27	43.75	-3.6	46.38	43.98	9.97	8.64	55.38	64.89	978.57	47.06	9.74
Pretax Margin (%)	34.52	37.16	39.03	39.66	40.36	36.33	38.67	37.88	39.8	40.26	42.19	35.19	40.06	40.65	31.46
Profit Margin (%)	25.74	26.33	28.8	29.73	29.34	25.84	36.41	30.32	30.79	30.44	30.46	28.97	30.81	31.21	22.93
Net Income to Common Margin (%)	25.74	26.33	28.8	29.73	29.34	25.84	36.41	30.32	30.79	30.44	30.46	28.97	30.81	31.21	22.93
Effective Tax Rate (%)	25.39	29.68	25.72	25.73	27.16	28.93	5.13	20.01	21.79	18.98	24.08	20.6	20.67	21.49	22.01
Dvd Payout Ratio (%)	43.31	43.77	39.33	41.37	43.94	48.83	33.07	45.78	45.8	40.07	39.13	62.16	51.88	46.6	52.87
Sustainable Growth Rate (%)	29.71	23.84	24.19	21.02	16.91	12.62	21.66	12.89	11.85	12.85	13.81	6.81	8.51	10.01	7.12

Credit (USD)

API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	6,364	8,189	7,308	8,311	4,930	4,915	5,014	4,979	4,955	8,019	9,318	8,489	9,702	14,222	14,996
ST Debt	100	100	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
LT Debt	6,264	8,089	7,308	8,311	4,930	4,915	5,014	4,979	4,955	8,019	9,318	8,489	9,702	14,222	14,996
Total Debt/EBITDA	1.78	2.14	1.71	1.73	0.99	1	0.91	0.87	0.85	1.32	1.18	1.23	1.43	1.76	1.66
Net Debt/EBITDA	0.78	0.86	0.65	0.48	-0.26	-0.26	-0.37	-0.26	0.02	-0.23	-0.24	-0.11	-0.12	-0.06	0.14
Total Debt/EBIT	1.94	2.32	1.84	1.84	1.06	1.06	0.95	0.9	0.89	1.41	1.25	1.31	1.53	1.89	1.9
Net Debt/EBIT	0.85	0.93	0.69	0.51	-0.28	-0.27	-0.39	-0.27	0.02	-0.25	-0.25	-0.12	-0.13	-0.06	0.16
EBITDA to Interest Expense	20.34	17.76	20.25	20.7	24.31	23.88	26.8	31.18	28.8	29.53	38.37	32.52	23.17	14.99	14.71
EBITDA-CapEx/Interest Expense	18.94	17.07	19.8	20.41	23.23	23.3	26.04	30.07	27.55	28.58	36.7	30	21.99	14.52	14.1
EBIT to Interest Expense	18.64	16.39	18.87	19.5	22.86	22.6	25.63	29.98	27.34	27.78	36.34	30.55	21.71	14.01	12.88
Interest Expense	176	215	211	232	204	205	205	184	203	205	205	212	292	538	614
Common Equity/Total Assets	2.85	3.23	3.74	4.23	5.34	6.21	7.69	12.08	12.85	13.75	18.14	25.4	26.25	25.69	22.29
Long-Term Debt/Equity (%)	24.7	31.58	27.4	30.2	16.97	16.75	15.54	14.84	14.19	21.3	23.96	21.89	23.53	28.82	24.37
Long-Term Debt/Capital (%)	53.1	54.37	46.4	44.65	28.16	26.11	22.36	19.58	17.7	23.09	24.39	21.54	22.08	27.51	25.61
Long-Term Debt/Total Assets (%)	3.48	4.04	3.32	3.47	2.19	2.23	2.28	3.12	2.94	4.53	6.1	7.22	7.87	10.26	8.82
Total Debt/Equity (%)	25.09	31.97	27.4	30.2	16.97	16.75	15.54	14.84	14.19	21.3	23.96	21.89	23.53	28.82	24.37
Total Debt/Capital (%)	53.95	55.04	46.4	44.65	28.16	26.11	22.36	19.58	17.7	23.09	24.39	21.54	22.08	27.51	25.61
Total Debt/Total Assets (%)	3.54	4.09	3.32	3.47	2.19	2.23	2.28	3.12	2.94	4.53	6.1	7.22	7.87	10.26	8.82
Net Debt to Equity	11.06	12.83	10.34	8.39	-4.48	-4.29	-6.27	-4.5	0.36	-3.72	-4.83	-1.96	-1.98	-0.91	2.11
Net Debt/Capital (%)	34.04	32.94	24.62	18.32	-11.54	-9.96	-13.16	-7.97	0.54	-5.37	-6.5	-2.38	-2.32	-1.15	2.76
EBITDA	3,580	3,819	4,272	4,802	4,959	4,896	5,494	5,737	5,847	6,053	7,865	6,894	6,766	8,067	9,035
EBITDA-CapEx	3,333	3,669	4,178	4,736	4,738	4,777	5,339	5,533	5,593	5,859	7,524	6,361	6,422	7,812	8,660
Operating Income (Loss)	3,281	3,524	3,981	4,524	4,664	4,633	5,254	5,517	5,551	5,695	7,450	6,476	6,339	7,538	7,909

Liquidity (USD)

API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	3.41	4.25	4.2	5.8	5.83	7.02	6.06	5.02	4.14	8.43	6.67	6.76	8.55	9.45	8.19
Current Ratio	27	28.08	28.52	43.57	38.23	42.15	30.51	23.07	20.11	27.92	14.45	14.08	15.63	16.35	15.76
Quick Ratio	6.99	8.15	8.42	11.05	8.89	10.57	9.67	7.08	6.86	11.87	9.39	9.56	11.88	12.35	11.16
CFO/Avg Current Liab	1.49	2.04	3.25	2.91	2.86	2.33	3.87	2.51	2.35	3.41	4.08	3.68	3.29	3.57	2.4
Common Equity/Total Assets	2.85	3.23	3.74	4.23	5.34	6.21	7.69	12.08	12.85	13.75	18.14	25.4	26.25	25.69	22.29
Long-Term Debt/Equity (%)	24.7	31.58	27.4	30.2	16.97	16.75	15.54	14.84	14.19	21.3	23.96	21.89	23.53	28.82	24.37
Long-Term Debt/Capital (%)	53.1	54.37	46.4	44.65	28.16	26.11	22.36	19.58	17.7	23.09	24.39	21.54	22.08	27.51	25.61
Long-Term Debt/Total Assets (%)	3.48	4.04	3.32	3.47	2.19	2.23	2.28	3.12	2.94	4.53	6.1	7.22	7.87	10.26	8.82
Total Debt/Equity (%)	25.09	31.97	27.4	30.2	16.97	16.75	15.54	14.84	14.19	21.3	23.96	21.89	23.53	28.82	24.37
Total Debt/Capital (%)	53.95	55.04	46.4	44.65	28.16	26.11	22.36	19.58	17.7	23.09	24.39	21.54	22.08	27.51	25.61
Total Debt/Total Assets (%)	3.54	4.09	3.32	3.47	2.19	2.23	2.28	3.12	2.94	4.53	6.1	7.22	7.87	10.26	8.82
CFO/Total Liabilities	1.83	1.28	1.89	1.45	1.53	1.19	2.1	2.44	2.16	2.69	4.35	6.29	5.08	5.55	3.62
CFO/CapEx	11.44	14.93	38.74	46.77	13.59	19.1	25.48	15.07	11.35	19.29	14.5	9.3	12.11	19.44	10.47
Altman's Z-Score	0.53	0.52	0.54	0.62	0.64	0.67	0.77	1.03	1.02	1.19	1.62	2.02	2.07	2.38	2.17

Working Capital (USD)

API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover	4.48	4.44	4.53	5.07	5.23	5.63	5.65	5.3	4.98	4.83	5.29	5.07	4.97	4.97	5.12
Days Sales Outstanding	81.49	82.29	80.62	71.92	69.74	64.78	64.6	68.85	73.26	75.61	68.99	72.02	73.37	73.51	71.31
Inventory Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover	4.25	4.34	4.32	4.72	4.97	6.41	6.67	5.7	5.8	13.61	- -	- -	- -	- -	- -
Accounts Payable Turnover Days	85.92	84.01	84.46	77.39	73.4	56.95	54.69	64.02	62.91	26.83	- -	- -	- -	- -	- -
Cash Conversion Cycle	-4.43	-1.72	-3.84	-5.47	-3.65	7.83	9.91	4.83	10.34	48.79	68.99	72.02	73.37	73.51	71.31
Inventory to Cash Days	81.49	82.29	80.62	71.92	69.74	64.78	64.6	68.85	73.26	75.61	68.99	72.02	73.37	73.51	71.31
Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	32,975	36,311	54,075	60,392	56,887	62,822	83,632	63,222	78,743	111,194	139,941	106,947	121,202	153,766	165,903
- Cash & Cash Equivalents	3,560	4,903	4,551	6,001	6,231	6,175	7,038	6,488	4,829	8,664	9,323	7,416	8,736	12,762	11,468
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	314	214	210	154	541	246	466	1,166	1,382	2,373	1,200	1,041	1,893	1,860	5,654
+ Total Debt	6,364	8,189	7,308	8,311	4,930	4,915	5,014	4,979	4,955	8,019	9,318	8,489	9,702	14,222	14,996
Enterprise Value	36,093	39,811	57,042	62,856	56,127	61,808	82,074	62,879	80,251	112,922	141,136	107,730	122,190	155,336	172,296
Total Capital	11,797	14,878	15,750	18,612	17,506	18,823	22,421	25,429	28,001	34,728	38,208	39,408	43,940	51,695	58,551
Total Debt/Capital (%)	53.95	55.04	46.4	44.65	28.16	26.11	22.36	19.58	17.7	23.09	24.39	21.54	22.08	27.51	25.61
Total Debt / EV	0.18	0.21	0.13	0.13	0.09	0.08	0.06	0.08	0.06	0.07	0.07	0.08	0.08	0.09	0.09
EV/Sales	3.97	4.26	5.6	5.67	4.92	5.04	6.03	4.43	5.52	6.97	7.28	6.03	6.84	7.61	7.11
EV/EBITDA	10.08	10.42	13.35	13.09	11.32	12.62	14.94	10.96	13.73	18.66	17.94	15.63	18.06	19.26	19.07
EV/EBIT	11	11.3	14.33	13.89	12.03	13.34	15.62	11.4	14.46	19.83	18.94	16.64	19.28	20.61	21.78
EV/Cash Flow to Firm	12.2	16.65	15.02	19.29	17.8	25.55	19.8	19.51	26.37	28.89	27.68	21.02	27.79	28.88	39.11
EV/Free Cash Flow to Firm	11.26	15.67	14.65	18.9	16.64	24.36	19.09	18.35	24.34	27.52	25.94	19.04	25.77	27.57	36.04
Diluted Market Cap	33,486	36,946	55,233	61,429	57,792	63,645	84,793	63,872	79,473	112,172	141,934	108,024	122,338	155,407	172,218
Diluted Enterprise Value	36,604	40,446	58,200	63,893	57,032	62,631	83,235	63,529	80,981	113,900	143,129	110,138	125,197	158,727	181,400
EV per Share	195.09	226.63	333.83	372.15	335.97	374.4	504.14	390.69	512.33	732.75	923.38	713.82	818.42	1,035.57	1,111.59
TTM Sales	9,081	9,337	10,180	11,081	11,401	12,261	13,600	14,198	14,539	16,205	19,374	17,873	17,859	20,407	24,216
TTM EBITDA	3,580	3,819	4,272	4,802	4,959	4,896	5,494	5,737	5,847	6,053	7,865	6,894	6,766	8,067	9,035
TTM Operating Income	3,281	3,524	3,981	4,524	4,664	4,633	5,254	5,517	5,551	5,695	7,450	6,476	6,339	7,538	7,909
TTM Cash Flow to Firm	2,957	2,391	3,799	3,259	3,153	2,419	4,144	3,222	3,043	3,909	5,100	5,124	4,397	5,378	4,406
TTM Free Cash Flow to Firm	3,204	2,541	3,893	3,325	3,374	2,538	4,299	3,426	3,297	4,103	5,441	5,657	4,741	5,633	4,781

Multiples (USD)

API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Price/Free Cash Flow	10.9	15.46	14.78	19.48	17.92	26.61	20.66	19.48	25.33	28.49	26.86	19.68	27.13	29.82	40.03
EV/EBIT	11	11.3	14.33	13.89	12.03	13.34	15.62	11.4	14.46	19.83	18.94	16.64	19.28	20.61	21.78
Enterprise Value	36,093	39,811	57,042	62,856	56,127	61,808	82,074	62,879	80,251	112,922	141,136	107,730	122,190	155,336	172,296
Low Price	137	160.25	208.77	284.78	275	280.55	365.83	360.79	377.28	323.98	670.28	503.12	596.18	745.55	773.74
EV/Sales	3.97	4.26	5.6	5.67	4.92	5.04	6.03	4.43	5.52	6.97	7.28	6.03	6.84	7.61	7.11
EV/EBITDA	10.08	10.42	13.35	13.09	11.32	12.62	14.94	10.96	13.73	18.66	17.94	15.63	18.06	19.26	19.07
Price/Earnings	14.11	14.77	18.44	18.33	17.01	19.83	16.89	14.69	17.59	22.55	23.71	20.65	22.03	24.14	29.88
Price/Earnings Average	14.19	13.26	15.72	16.36	17.34	18.24	13.93	18.43	15.69	17.45	21.92	20.06	18.8	20.42	28.91
Price/Earnings High	16.61	15	18.82	18.9	19.12	20.82	17.12	22.23	17.74	22.57	25.21	27.03	22.22	25.49	34.05
Price/Earnings Low	10.85	11.45	12.17	14.6	13.73	14.62	12.03	13.49	13.2	10.12	17.36	14.66	16.18	17.56	21.6
Price/Book Value	6.44	5.61	6.57	5.95	4.73	4.6	4.94	3.28	3.63	4.57	5.05	3.58	3.75	4.32	4.38
Price/Book Value Average	6.48	5.03	5.6	5.31	4.82	4.23	4.07	4.11	3.24	3.54	4.67	3.48	3.2	3.65	4.24
Price/Book Value High	7.58	5.69	6.7	6.14	5.31	4.83	5	4.96	3.66	4.57	5.37	4.68	3.78	4.56	4.99
Price/Book Value Low	4.95	4.35	4.33	4.74	3.82	3.39	3.52	3.01	2.73	2.05	3.7	2.54	2.75	3.14	3.16
Price/Tangible Book Value	-6.89	-7.73	-14.19	-21.68	-39.21	-55.25	50.53	29.07	39.41	22.96	27.5	20.8	16.25	57.74	-97.08
Price/Tangible Book Value Average	-6.93	-6.94	-12.09	-19.35	-39.97	-50.83	41.68	36.48	35.14	17.78	25.41	20.2	13.87	48.84	-93.94
Price/Tangible Book Value High	-8.11	-7.85	-14.48	-22.36	-44.08	-58	51.22	43.99	39.73	22.99	29.23	27.22	16.4	60.97	-110.64
Price/Tangible Book Value Low	-5.3	-6	-9.36	-17.27	-31.66	-40.73	35.99	26.7	29.58	10.31	20.13	14.77	11.93	41.99	-70.18
Price/Sales	3.63	3.89	5.31	5.45	4.99	5.12	6.15	4.45	5.42	6.86	7.22	5.98	6.79	7.53	6.85
Price/Sales Average	3.65	3.49	4.53	4.86	5.09	4.71	5.07	5.59	4.83	5.31	6.68	5.81	5.79	6.37	6.63
Price/Sales High	4.27	3.95	5.42	5.62	5.61	5.38	6.23	6.74	5.46	6.87	7.68	7.83	6.85	7.96	7.81
Price/Sales Low	2.79	3.01	3.5	4.34	4.03	3.78	4.38	4.09	4.06	3.08	5.29	4.25	4.98	5.48	4.95
Price/Cash Flow	11.67	16.21	14.85	19.56	18.94	27.64	21.17	20.56	27.3	29.71	28.31	21.58	29.1	31.03	42.25
Price/Cash Flow Average	11.74	14.55	12.65	17.46	19.31	25.43	17.46	25.8	24.34	23	26.16	20.96	24.83	26.24	40.88
Price/Cash Flow High	13.73	16.46	15.15	20.17	21.29	29.01	21.46	31.12	27.53	29.74	30.09	28.24	29.36	32.76	48.15
Price/Cash Flow Low	8.97	12.57	9.79	15.58	15.29	20.38	15.08	18.88	20.49	13.34	20.72	15.32	21.37	22.57	30.54
Price/Free Cash Flow Average	10.96	13.87	12.6	17.39	18.27	24.48	17.04	24.45	22.58	22.06	24.82	19.12	23.15	25.23	38.74
Price/Free Cash Flow High	12.82	15.7	15.09	20.09	20.15	27.93	20.94	29.48	25.53	28.53	28.55	25.76	27.37	31.49	45.63
Price/Free Cash Flow Low	8.38	11.98	9.75	15.52	14.47	19.62	14.71	17.89	19.01	12.79	19.66	13.97	19.93	21.69	28.94
EV/Sales Average	4	3.86	4.82	5.09	5.02	4.63	4.96	5.56	4.93	5.42	6.74	5.93	5.95	6.54	7.01
EV/Sales High	4.62	4.32	5.71	5.84	5.54	5.3	6.12	6.72	5.56	6.98	7.74	7.95	7.01	8.12	8.19
EV/Sales Low	3.13	3.39	3.8	4.56	3.96	3.69	4.26	4.07	4.17	3.19	5.35	4.37	5.14	5.64	5.33
EV/EBITDA Average	10.14	9.45	11.48	11.74	11.54	11.6	12.27	13.77	12.27	14.51	16.59	15.38	15.71	16.53	18.79
EV/EBITDA High	11.71	10.57	13.61	13.48	12.74	13.26	15.15	16.62	13.84	18.68	19.06	20.61	18.49	20.54	21.94
EV/EBITDA Low	7.95	8.29	9.04	10.53	9.11	9.25	10.56	10.06	10.37	8.53	13.18	11.32	13.58	14.27	14.29
EV/EBIT Average	11.06	10.24	12.32	12.46	12.27	12.26	12.83	14.32	12.92	15.42	17.52	16.37	16.77	17.69	21.46
EV/EBIT High	12.78	11.46	14.61	14.31	13.55	14.01	15.84	17.28	14.57	19.85	20.13	21.94	19.74	21.98	25.07
EV/EBIT Low	8.68	8.98	9.71	11.18	9.69	9.78	11.04	10.46	10.92	9.07	13.91	12.05	14.49	15.28	16.32
Last Price	178.24	206.71	316.47	357.56	340.52	380.54	513.71	392.82	502.7	721.54	915.56	708.63	811.8	1,025.11	1,070.34
High Price	209.77	209.91	323	368.64	382.84	399.46	520.74	594.52	506.81	722.42	973.16	927.48	819	1,082.45	1,219.94
Enterprise Value Average	36,287	36,084	49,054	56,364	57,236	56,781	67,425	79,001	71,719	87,806	130,518	105,998	106,284	133,382	169,729
Enterprise Value High	41,927	40,374	58,158	64,728	63,197	64,931	83,218	95,342	80,895	113,057	149,940	142,090	125,136	165,688	198,273
Enterprise Value Low	28,464	31,650	38,639	50,564	45,181	45,301	57,999	57,724	60,605	51,655	103,646	78,045	91,869	115,152	129,112

Shares Outstanding	178	171	169	167	166	165	161	159	155	153	152	150	149	155	155
Diluted Weighted Avg Shares	188	179	175	172	170	167	165	163	158	155	155	152	151	152	161
Basic Weighted Avg Shares	185	176	171	169	167	165	163	161	157	154	153	151	149	150	155
Revenue per Share	49.09	53.15	59.58	65.61	68.25	74.27	83.54	88.22	92.82	105.16	126.75	118.43	119.62	136.05	156.23
EBITDA per Share	19.35	21.74	25	28.43	29.68	29.66	33.75	35.65	37.33	39.28	51.46	45.68	45.32	53.78	58.29
Operating Income per Share	17.73	20.06	23.3	26.78	27.92	28.06	32.27	34.28	35.44	36.96	48.74	42.91	42.46	50.25	51.03
Basic EPS, GAAP	12.63	13.99	17.16	19.5	20.02	19.19	30.42	26.75	28.57	32	38.61	34.31	36.85	42.46	35.83
Basic EPS from Cont Ops	12.64	13.89	17.27	19.32	20.06	19.18	30.65	26.73	28.89	34.3	40.6	33.09	38.02	43.41	38.34
Diluted EPS, GAAP	12.44	13.75	16.8	19.17	19.71	18.94	30	26.48	28.31	31.72	38.06	33.97	36.51	42.01	34.51
Diluted EPS from Cont Ops	12.45	13.65	16.91	19	19.75	18.93	30.23	26.46	28.63	34	40.03	32.76	37.66	42.96	36.93
Dividend per Share	5.48	6.03	6.84	7.92	8.84	9.36	10.21	12.23	13.38	14.67	16.66	19.81	20.33	20.67	21.59
Cash Flow per Share	15.28	12.75	21.31	18.28	17.98	13.77	24.26	19.11	18.41	24.29	32.35	32.84	27.9	33.04	25.34
Free Cash Flow per Basic Share	13.94	11.9	20.76	17.89	16.66	13.05	23.31	17.84	16.79	23.03	30.11	29.31	25.59	31.34	22.92
Cash & Equivalents per Share	19.24	27.91	26.63	35.53	37.3	37.4	43.23	40.31	30.83	56.22	61	57.96	71.04	96.75	91.98
Book Value per Share	27.67	36.86	48.18	60.08	72.04	82.76	104.06	119.82	138.3	157.92	181.16	197.97	216.64	237.42	244.52
Tangible Book Value per Share	-25.87	-26.73	-22.3	-16.49	-8.69	-6.89	10.17	13.51	12.76	31.42	33.29	34.07	49.95	17.75	-11.03

BlackRock, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)