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 (%)	9.14	9.74	11.31	12.24	11.97	11	16.26	13.42	13.58	14.33	16.17	13.73	14.27	14.67	10.74
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 (%)	7.87	8.02	9.06	10.02	9.99	9.72	14.28	11.76	11.7	11.09	12.25	11.58	11.32	11.61	8.05
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 (%)	5.18	5.48	6.86	7.18	6.71	5.63	10.89	7.27	7.36	8.59	9.84	5.19	6.87	7.83	5.06

Credit (USD)

Credit Ratios 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	13.92	12.67	12.03	11.41	12.65	13.22	14.44	20.29	19.89	19.94	24.69	32.09	31.93	34.26	32.88
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 (%)	19.74	23.93	21.51	23.19	14.51	14.35	13.45	12.93	12.42	17.56	19.33	17.96	19.05	22.37	19.59
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 (%)	20.06	24.22	21.51	23.19	14.51	14.35	13.45	12.93	12.42	17.56	19.33	17.96	19.05	22.37	19.59
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 (%)	9.96	11.37	9.37	7.74	-4.69	-4.49	-6.69	-4.71	0.36	-3.78	-4.83	-1.91	-1.94	-0.88	2
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)

Liquidity Ratios 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	13.92	12.67	12.03	11.41	12.65	13.22	14.44	20.29	19.89	19.94	24.69	32.09	31.93	34.26	32.88
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 (%)	19.74	23.93	21.51	23.19	14.51	14.35	13.45	12.93	12.42	17.56	19.33	17.96	19.05	22.37	19.59
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 (%)	20.06	24.22	21.51	23.19	14.51	14.35	13.45	12.93	12.42	17.56	19.33	17.96	19.05	22.37	19.59
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	0.52	0.52	0.54	0.61	0.64	0.67	0.77	1.03	1.01	1.18	1.62	2.01	2.07	2.41	2.18

Working Capital (USD)

Working Capital Ratios 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)

Enterprise Value 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	31,782	35,392	53,396	59,685	56,389	62,074	82,731	62,270	78,091	110,059	138,876	106,122	120,552	158,839	165,977
- 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	34,900	38,892	56,363	62,149	55,629	61,060	81,173	61,927	79,599	111,787	140,071	106,905	121,540	160,408	172,370
Total Capital	31,726	33,806	33,978	35,831	33,974	34,259	37,278	38,519	39,884	45,675	48,211	47,274	50,942	63,577	76,538
Total Debt/Capital (%)	20.06	24.22	21.51	23.19	14.51	14.35	13.45	12.93	12.42	17.56	19.33	17.96	19.05	22.37	19.59
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	3.84	4.17	5.54	5.61	4.88	4.98	5.97	4.36	5.47	6.9	7.23	5.98	6.81	7.86	7.12
EV/EBITDA	9.75	10.18	13.19	12.94	11.22	12.47	14.77	10.79	13.61	18.47	17.81	15.51	17.96	19.88	19.08
EV/EBIT	10.64	11.04	14.16	13.74	11.93	13.18	15.45	11.22	14.34	19.63	18.8	16.51	19.17	21.28	21.79
EV/Cash Flow to Firm	11.8	16.26	14.84	19.07	17.65	25.25	19.59	19.22	26.16	28.6	27.47	20.86	27.64	29.82	39.12
EV/Free Cash Flow to Firm	10.89	15.3	14.48	18.69	16.49	24.06	18.88	18.07	24.14	27.24	25.75	18.9	25.64	28.47	36.05
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	195.73	227.15	334.05	372.32	335.93	374.32	504.04	390.66	512.41	732.87	923.44	713.86	818.45	1,035.24	1,111.57
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)

Valuation Multiples 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	10.64	11.04	14.16	13.74	11.93	13.18	15.45	11.22	14.34	19.63	18.8	16.51	19.17	21.28	21.79
Enterprise Value	34,900	38,892	56,363	62,149	55,629	61,060	81,173	61,927	79,599	111,787	140,071	106,905	121,540	160,408	172,370
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	3.84	4.17	5.54	5.61	4.88	4.98	5.97	4.36	5.47	6.9	7.23	5.98	6.81	7.86	7.12
EV/EBITDA	9.75	10.18	13.19	12.94	11.22	12.47	14.77	10.79	13.61	18.47	17.81	15.51	17.96	19.88	19.08
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	1.27	1.39	2.02	2.18	1.98	2.13	2.6	1.92	2.33	3.12	3.68	2.81	3.06	3.34	2.97
Price/Book Value Average	1.28	1.25	1.72	1.95	2.02	1.96	2.15	2.41	2.08	2.41	3.4	2.73	2.61	2.83	2.87
Price/Book Value High	1.49	1.41	2.06	2.25	2.22	2.24	2.64	2.91	2.35	3.12	3.92	3.68	3.09	3.53	3.38
Price/Book Value Low	0.98	1.08	1.33	1.74	1.6	1.57	1.85	1.77	1.75	1.4	2.7	2	2.25	2.43	2.15
Price/Tangible Book Value	-6.23	-7.21	-13.28	-20.31	-28.31	-44.88	69.58	61.71	126.77	44.58	35.71	25.88	21.66	197.81	-22.54
Price/Tangible Book Value Average	-6.27	-6.47	-11.32	-18.12	-28.86	-41.29	57.39	77.45	113.03	34.51	33	25.14	18.49	167.31	-21.81
Price/Tangible Book Value High	-7.33	-7.32	-13.55	-20.94	-31.83	-47.12	70.53	93.4	127.81	44.63	37.96	33.87	21.85	208.87	-25.69
Price/Tangible Book Value Low	-4.79	-5.59	-8.76	-16.17	-22.86	-33.09	49.55	56.68	95.14	20.02	26.14	18.37	15.91	143.86	-16.3
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	3.86	3.78	4.76	5.03	4.98	4.57	4.9	5.48	4.89	5.36	6.69	5.89	5.92	6.75	7.01
EV/Sales High	4.46	4.22	5.64	5.78	5.49	5.23	6.05	6.61	5.52	6.91	7.68	7.89	6.97	8.38	8.19
EV/Sales Low	3.03	3.31	3.75	4.51	3.93	3.65	4.22	4	4.13	3.16	5.31	4.33	5.12	5.82	5.33
EV/EBITDA Average	9.8	9.23	11.35	11.61	11.44	11.46	12.14	13.56	12.17	14.36	16.47	15.26	15.63	17.07	18.79
EV/EBITDA High	11.32	10.33	13.45	13.33	12.63	13.1	14.98	16.37	13.72	18.49	18.92	20.45	18.4	21.2	21.95
EV/EBITDA Low	7.69	8.1	8.94	10.41	9.03	9.14	10.44	9.91	10.28	8.45	13.08	11.24	13.51	14.73	14.3
EV/EBIT Average	10.69	10.01	12.18	12.32	12.16	12.11	12.69	14.1	12.82	15.26	17.39	16.24	16.68	18.26	21.47
EV/EBIT High	12.35	11.19	14.43	14.15	13.43	13.85	15.67	17.02	14.45	19.65	19.97	21.77	19.64	22.69	25.08
EV/EBIT Low	8.4	8.78	9.59	11.05	9.6	9.66	10.92	10.3	10.83	8.98	13.81	11.96	14.42	15.77	16.33
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	35,086	35,259	48,476	55,733	56,728	56,093	66,683	77,805	71,137	86,927	129,534	105,196	105,730	137,673	169,801
Enterprise Value High	40,522	39,440	57,465	63,998	62,637	64,146	82,306	93,900	80,237	111,921	148,808	141,010	124,481	171,043	198,357
Enterprise Value Low	27,546	30,937	38,192	50,000	44,779	44,750	57,358	56,849	60,116	51,146	102,866	77,459	91,392	118,841	129,165

Shares Outstanding	178	171	169	167	166	163	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	19.97	28.64	26.97	35.95	37.63	37.86	43.7	40.93	31.09	56.8	61.46	58.41	71.43	93.66	91.94
Book Value per Share	140.48	148.37	156.82	163.94	172.12	178.38	197.45	204.23	215.96	231.31	248.5	252.04	264.96	306.52	360.41
Tangible Book Value per Share	-28.6	-28.67	-23.83	-17.61	-12.03	-8.48	7.38	6.37	3.97	16.19	25.64	27.38	37.47	5.18	-47.48

BlackRock, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)