BLK (BlackRock Inc) vs S&P 500 Comparison

BLK

S&P 500

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BLK

S&P 500

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BLK

S&P 500

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Compare the stock's returns with its benchmark index and competitors. Gain insights into its relative performance over time.

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S&P 500

BLK

KKR

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Compare the stock's returns with its benchmark index and competitors. Gain insights into its relative performance over time.

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BlackRock Inc
Glance View

Economic Moat

None

Market Cap

145.9B USD

Industry

Financial Services

In the late 1980s, a small team led by Larry Fink embarked on a mission to revolutionize the investment industry, giving birth to what would become BlackRock Inc. This journey began with a powerful idea: to provide transparency and risk management to clients through a robust technology platform. Fast forward to today, BlackRock stands as a titan in the global investment landscape, boasting trillions under management. At its core, the company functions as an investment management firm, offering a diverse array of products, including mutual funds, exchange-traded funds (ETFs), and alternative investments. With its flagship Aladdin platform, BlackRock provides an intricate system for risk analytics and investment decision-making, which not only supports its own operations but is also licensed to other financial institutions, thus broadening its reach and enhancing its revenue streams. BlackRock's revenue streams pivot around its management and advisory fees. Essentially, the firm earns money by taking a small percentage of the assets it manages on behalf of its clients, which include institutions such as pension funds, endowments, and individual investors. The success of its iShares ETFs brand has further solidified its position in the market, offering cost-effective and liquid investment options. Moreover, advising and managing the assets of some of the world's most significant financial entities has ensured a steady inflow of fees, woven into the fabric of global finance. With its unparalleled scale and the trust established over decades, BlackRock continues to thrive, adapting to market dynamics while focusing on sustainability, governance, and technological innovation.

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BLK Intrinsic Value

What is Intrinsic Value?

Economic Moat is a concept popularized by Warren Buffett to describe a company's durable competitive advantage. It represents the 'moat' that protects a company from competitors and helps it sustain profitability over the long term. Our analysis of the past 10 years showed that companies with a wide economic moat significantly outperformed the market, delivering +645% returns compared to +189% for the S&P 500.

Our research into Economic Moat performance spans the past 10 years and focuses on companies with a wide economic moat. For this analysis, we calculated the average stock price returns of these companies, comparing them to the performance of the S&P 500 index over the same period.

The results were compelling: wide moat stocks achieved a remarkable +645% average return, compared to +188% for the broader market. This difference highlights the long-term benefits of investing in businesses that can maintain their market position and pricing power over time.

Note: This research does not account for survivorship bias. Past performance is not indicative of future results.

Determining whether a company has an economic moat requires both a deep dive into financial metrics and a qualitative assessment of its competitive position. Our analysts conduct a rigorous evaluation that focuses on identifying structural advantages that enable a company to sustain profitability and defend its market share over the long term.

The process begins with an analysis of a company’s historical financial performance. We assess how consistently the company has generated returns above its cost of capital and whether those returns have been stable or improving. However, financial performance alone doesn’t reveal the full picture. To understand the sources of these advantages, we evaluate five key drivers of economic moats:

Network Effect: We analyze whether the value of a company’s product or service grows as its user base expands. Platforms like payment systems or marketplaces benefit from this self-reinforcing.

Switching Costs: We assess whether customers face significant costs or disruptions when switching to a competitor’s product or service. High switching costs create customer stickiness and provide pricing power.

Intangible Assets: Strong brands, patents, and regulatory licenses can protect a company’s market position by creating barriers for competitors or enabling premium pricing. For example, a well-recognized consumer brand may command higher customer loyalty and margins.

Efficient scale: Occurs when a market is optimally served by one or a few players, making it unprofitable for new entrants to compete. This typically happens in industries with high fixed costs or geographic constraints, such as utilities or pipelines.

Cost Advantage: Companies with structural cost advantages can produce goods or services at a lower cost than their competitors, enabling them to offer competitive pricing or maintain higher margins. These advantages often arise from economies of scale, superior supply chain management, or proprietary technology. Firms like Walmart leverage their massive scale to negotiate better terms with suppliers, allowing them to undercut competitors on price.

By examining these factors in combination with a company’s financial performance and market positioning, we classify each company into one of three categories:

This rigorous evaluation ensures that our moat ratings are both comprehensive and reliable, giving investors the tools they need to make well-informed, long-term decisions.

US		Blackstone Inc NYSE:BX	Add
US		KKR & Co Inc NYSE:KKR	Add
CA		Brookfield Corp NYSE:BN	Add
LU	R	Reinet Investments SCA JSE:RNI	Add
ZA	N	Ninety One Ltd JSE:NY1	Add
MU	A	African Rainbow Capital Investments Ltd JSE:AIL	Add
US		Bank of New York Mellon Corp NYSE:BK	Add
US		Ameriprise Financial Inc NYSE:AMP	Add
UK		3i Group PLC LSE:III	Add
CH		Partners Group Holding AG SIX:PGHN	Add

US		Blackstone Inc NYSE:BX	Select
US		KKR & Co Inc NYSE:KKR	Select
CA		Brookfield Corp NYSE:BN	Select
LU	R	Reinet Investments SCA JSE:RNI	Select
ZA	N	Ninety One Ltd JSE:NY1	Select
MU	A	African Rainbow Capital Investments Ltd JSE:AIL	Select
US		Bank of New York Mellon Corp NYSE:BK	Select
US		Ameriprise Financial Inc NYSE:AMP	Select
UK		3i Group PLC LSE:III	Select
CH		Partners Group Holding AG SIX:PGHN	Select

US		Blackstone Inc NYSE:BX	Add
US		KKR & Co Inc NYSE:KKR	Add
CA		Brookfield Corp NYSE:BN	Add
LU	R	Reinet Investments SCA JSE:RNI	Add
ZA	N	Ninety One Ltd JSE:NY1	Add
MU	A	African Rainbow Capital Investments Ltd JSE:AIL	Add
US		Bank of New York Mellon Corp NYSE:BK	Add
US		Ameriprise Financial Inc NYSE:AMP	Add
UK		3i Group PLC LSE:III	Add
CH		Partners Group Holding AG SIX:PGHN	Add

	Franklin Covey Co NYSE:FC	35.3 USD
	Mohawk Industries Inc NYSE:MHK	118.28 USD 0.84%
	Ardmore Shipping Corp NYSE:ASC	12.56 USD -1.64%
	ASGN Inc NYSE:ASGN	86.92 USD
	Skyworks Solutions Inc NASDAQ:SWKS	92.63 USD -0.03%
	Weatherford International PLC NASDAQ:WFRD	72.13 USD -3.57%

	Johnson & Johnson NYSE:JNJ	142.27 USD
	Bank of America Corp NYSE:BAC	46.21 USD
	Mastercard Inc NYSE:MA	516.4 USD 0.98%
	Salesforce Inc NYSE:CRM	326.9 USD
	Abbvie Inc NYSE:ABBV	178.5 USD -0.57%
	Home Depot Inc NYSE:HD	387.2 USD

BLK

vs

S&P 500

Stocks Performance
BLK vs S&P 500

Performance Gap
BLK vs S&P 500

Performance By Year
BLK vs S&P 500

Competitors Performance
BlackRock Inc vs Peers

BlackRock Inc
Glance View

Company

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CH	G	Galderma Group AG SIX:GALD	Add
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LU		Tenaris SA MIL:TEN	Add
IN		Jio Financial Services Ltd NSE:JIOFIN	Add

	Arista Networks Inc NYSE:ANET	115.51 USD
	Visa Inc NYSE:V	312.6 USD
	Texas Pacific Land Corp NYSE:TPL	1 275.94 USD 1.4%
	KLA Corp NASDAQ:KLAC	686.2 USD -0.45%
	Manhattan Associates Inc NASDAQ:MANH	272.49 USD 1.6%
	Pinduoduo Inc NASDAQ:PDD	100.32 USD

	Salesforce Inc NYSE:CRM	326.9 USD
	ServiceNow Inc NYSE:NOW	1 049.08 USD -0.48%
	EOG Resources Inc NYSE:EOG	128.46 USD 0.71%
	Copart Inc NASDAQ:CPRT	56.78 USD 0.96%
	Applied Materials Inc NASDAQ:AMAT	176.99 USD -0.47%
	Synopsys Inc NASDAQ:SNPS	502 USD 2.95%

	Johnson & Johnson NYSE:JNJ	142.27 USD
	Berkshire Hathaway Inc NYSE:BRK.A	677 925 USD
	Bank of America Corp NYSE:BAC	46.21 USD
	Mastercard Inc NYSE:MA	516.4 USD 0.98%
	UnitedHealth Group Inc NYSE:UNH	524.52 USD
	Exxon Mobil Corp NYSE:XOM	106.93 USD

BLK vs S&P 500

Stocks Performance BLK vs S&P 500

Performance Gap BLK vs S&P 500

Performance By Year BLK vs S&P 500

Competitors Performance BlackRock Inc vs Peers

BlackRock Inc Glance View

Company

Help

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Stocks

BLK

vs

S&P 500

Stocks Performance
BLK vs S&P 500

Performance Gap
BLK vs S&P 500

Performance By Year
BLK vs S&P 500

Competitors Performance
BlackRock Inc vs Peers

BlackRock Inc
Glance View