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TROW vs BLK
Revenue, margins, valuation, and 5-year total return — side by side.
Asset Management
TROW vs BLK — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Asset Management | Asset Management |
| Market Cap | $23.09B | $166.54B |
| Revenue (TTM) | $7.31B | $20.41B |
| Net Income (TTM) | $2.09B | $6.10B |
| Gross Margin | 62.7% | 49.4% |
| Operating Margin | 29.9% | 37.1% |
| Forward P/E | 11.5x | 20.2x |
| Total Debt | $860M | $14.22B |
| Cash & Equiv. | $3.38B | $12.76B |
TROW vs BLK — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| T. Rowe Price Group… (TROW) | 100 | 87.8 | -12.2% |
| BlackRock, Inc. (BLK) | 100 | 203.1 | +103.1% |
Price return only. Dividends and distributions are not included.
Quick Verdict: TROW vs BLK
Each card shows where this stock fits in a portfolio — not just who wins on paper.
TROW carries the broadest edge in this set and is the clearest fit for income & stability and sleep-well-at-night.
- Dividend streak 3 yrs, beta 1.18, yield 4.8%
- Lower volatility, beta 1.18, Low D/E 7.1%, current ratio 73.08x
- Beta 1.18, yield 4.8%, current ratio 73.08x
BLK is the clearest fit if your priority is growth exposure and long-term compounding.
- Rev growth 14.3%, EPS growth 15.1%
- 246.4% 10Y total return vs TROW's 96.8%
- 14.3% NII/revenue growth vs TROW's 3.1%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 14.3% NII/revenue growth vs TROW's 3.1% | |
| Value | Lower P/E (11.5x vs 20.2x) | |
| Quality / Margins | Efficiency ratio 0.1% vs TROW's 0.3% (lower = leaner) | |
| Stability / Safety | Beta 1.18 vs BLK's 1.28, lower leverage | |
| Dividends | 4.8% yield, 3-year raise streak, vs BLK's 1.9% | |
| Momentum (1Y) | +23.4% vs BLK's +19.7% | |
| Efficiency (ROA) | Efficiency ratio 0.1% vs TROW's 0.3% |
TROW vs BLK — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
TROW vs BLK — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
BLK leads this category, winning 3 of 5 comparable metrics.
Income & Cash Flow (Last 12 Months)
BLK is the larger business by revenue, generating $20.4B annually — 2.8x TROW's $7.3B. Profitability is closely matched — net margins range from 31.2% (BLK) to 28.5% (TROW).
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $7.3B | $20.4B |
| EBITDAEarnings before interest/tax | $2.7B | $8.3B |
| Net IncomeAfter-tax profit | $2.1B | $6.1B |
| Free Cash FlowCash after capex | $2.3B | $3.9B |
| Gross MarginGross profit ÷ Revenue | +62.7% | +49.4% |
| Operating MarginEBIT ÷ Revenue | +29.9% | +37.1% |
| Net MarginNet income ÷ Revenue | +28.5% | +31.2% |
| FCF MarginFCF ÷ Revenue | +20.2% | +23.0% |
| Rev. Growth (YoY)Latest quarter vs prior year | — | — |
| EPS Growth (YoY)Latest quarter vs prior year | +3.7% | -22.7% |
Valuation Metrics
TROW leads this category, winning 6 of 6 comparable metrics.
Valuation Metrics
At 11.5x trailing earnings, TROW trades at a 55% valuation discount to BLK's 25.6x P/E. On an enterprise value basis, TROW's 7.9x EV/EBITDA is more attractive than BLK's 20.7x.
| Metric | ||
|---|---|---|
| Market CapShares × price | $23.1B | $166.5B |
| Enterprise ValueMkt cap + debt − cash | $20.6B | $168.0B |
| Trailing P/EPrice ÷ TTM EPS | 11.47x | 25.56x |
| Forward P/EPrice ÷ next-FY EPS est. | 11.49x | 20.21x |
| PEG RatioP/E ÷ EPS growth rate | — | 3.15x |
| EV / EBITDAEnterprise value multiple | 7.85x | 20.73x |
| Price / SalesMarket cap ÷ Revenue | 3.16x | 8.16x |
| Price / BookPrice ÷ Book value/share | 1.97x | 3.30x |
| Price / FCFMarket cap ÷ FCF | 15.61x | 35.43x |
Profitability & Efficiency
TROW leads this category, winning 7 of 8 comparable metrics.
Profitability & Efficiency
TROW delivers a 17.6% return on equity — every $100 of shareholder capital generates $18 in annual profit, vs $10 for BLK. TROW carries lower financial leverage with a 0.07x debt-to-equity ratio, signaling a more conservative balance sheet compared to BLK's 0.29x. On the Piotroski fundamental quality scale (0–9), BLK scores 6/9 vs TROW's 4/9, reflecting solid financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | +17.6% | +9.9% |
| ROA (TTM)Return on assets | +14.4% | +3.7% |
| ROICReturn on invested capital | +13.3% | +9.9% |
| ROCEReturn on capital employed | +15.9% | +5.8% |
| Piotroski ScoreFundamental quality 0–9 | 4 | 6 |
| Debt / EquityFinancial leverage | 0.07x | 0.29x |
| Net DebtTotal debt minus cash | -$2.5B | $1.5B |
| Cash & Equiv.Liquid assets | $3.4B | $12.8B |
| Total DebtShort + long-term debt | $860M | $14.2B |
| Interest CoverageEBIT ÷ Interest expense | — | 9.27x |
Total Returns (Dividends Reinvested)
BLK leads this category, winning 4 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in BLK five years ago would be worth $13,522 today (with dividends reinvested), compared to $7,079 for TROW. Over the past 12 months, TROW leads with a +23.4% total return vs BLK's +19.7%. The 3-year compound annual growth rate (CAGR) favors BLK at 20.9% vs TROW's 4.4% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | +2.7% | -0.5% |
| 1-Year ReturnPast 12 months | +23.4% | +19.7% |
| 3-Year ReturnCumulative with dividends | +13.9% | +76.6% |
| 5-Year ReturnCumulative with dividends | -29.2% | +35.2% |
| 10-Year ReturnCumulative with dividends | +96.8% | +246.4% |
| CAGR (3Y)Annualised 3-year return | +4.4% | +20.9% |
Risk & Volatility
TROW leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
TROW is the less volatile stock with a 1.18 beta — it tends to amplify market swings less than BLK's 1.28 beta. A beta below 1.0 means the stock typically moves less than the S&P 500.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.18x | 1.28x |
| 52-Week HighHighest price in past year | $118.22 | $1219.94 |
| 52-Week LowLowest price in past year | $85.51 | $906.57 |
| % of 52W HighCurrent price vs 52-week peak | +89.8% | +88.0% |
| RSI (14)Momentum oscillator 0–100 | 74.8 | 55.3 |
| Avg Volume (50D)Average daily shares traded | 2.3M | 798K |
Analyst Outlook
Evenly matched — TROW and BLK each lead in 1 of 2 comparable metrics.
Analyst Outlook
Wall Street rates TROW as "Hold" and BLK as "Buy". Consensus price targets imply 22.2% upside for BLK (target: $1312) vs -4.6% for TROW (target: $101). For income investors, TROW offers the higher dividend yield at 4.81% vs BLK's 1.91%.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Buy |
| Price TargetConsensus 12-month target | $101.20 | $1311.78 |
| # AnalystsCovering analysts | 38 | 33 |
| Dividend YieldAnnual dividend ÷ price | +4.8% | +1.9% |
| Dividend StreakConsecutive years of raises | 3 | 15 |
| Dividend / ShareAnnual DPS | $5.11 | $20.46 |
| Buyback YieldShare repurchases ÷ mkt cap | +2.7% | +1.2% |
TROW leads in 3 of 6 categories (Valuation Metrics, Profitability & Efficiency). BLK leads in 2 (Income & Cash Flow, Total Returns). 1 tied.
TROW vs BLK: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is TROW or BLK a better buy right now?
For growth investors, BlackRock, Inc.
(BLK) is the stronger pick with 14. 3% revenue growth year-over-year, versus 3. 1% for T. Rowe Price Group, Inc. (TROW). T. Rowe Price Group, Inc. (TROW) offers the better valuation at 11. 5x trailing P/E (11. 5x forward), making it the more compelling value choice. Analysts rate BlackRock, Inc. (BLK) a "Buy" — based on 33 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — TROW or BLK?
On trailing P/E, T.
Rowe Price Group, Inc. (TROW) is the cheapest at 11. 5x versus BlackRock, Inc. at 25. 6x. On forward P/E, T. Rowe Price Group, Inc. is actually cheaper at 11. 5x.
03Which is the better long-term investment — TROW or BLK?
Over the past 5 years, BlackRock, Inc.
(BLK) delivered a total return of +35. 2%, compared to -29. 2% for T. Rowe Price Group, Inc. (TROW). Over 10 years, the gap is even starker: BLK returned +246. 4% versus TROW's +96. 8%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — TROW or BLK?
By beta (market sensitivity over 5 years), T.
Rowe Price Group, Inc. (TROW) is the lower-risk stock at 1. 18β versus BlackRock, Inc. 's 1. 28β — meaning BLK is approximately 9% more volatile than TROW relative to the S&P 500. On balance sheet safety, T. Rowe Price Group, Inc. (TROW) carries a lower debt/equity ratio of 7% versus 29% for BlackRock, Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — TROW or BLK?
By revenue growth (latest reported year), BlackRock, Inc.
(BLK) is pulling ahead at 14. 3% versus 3. 1% for T. Rowe Price Group, Inc. (TROW). On earnings-per-share growth, the picture is similar: BlackRock, Inc. grew EPS 15. 1% year-over-year, compared to 1. 1% for T. Rowe Price Group, Inc.. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — TROW or BLK?
BlackRock, Inc.
(BLK) is the more profitable company, earning 31. 2% net margin versus 28. 5% for T. Rowe Price Group, Inc. — meaning it keeps 31. 2% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: BLK leads at 37. 1% versus 29. 9% for TROW. At the gross margin level — before operating expenses — TROW leads at 62. 7%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is TROW or BLK more undervalued right now?
On forward earnings alone, T.
Rowe Price Group, Inc. (TROW) trades at 11. 5x forward P/E versus 20. 2x for BlackRock, Inc. — 8. 7x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for BLK: 22. 2% to $1311. 78.
08Which pays a better dividend — TROW or BLK?
All stocks in this comparison pay dividends.
T. Rowe Price Group, Inc. (TROW) offers the highest yield at 4. 8%, versus 1. 9% for BlackRock, Inc. (BLK).
09Is TROW or BLK better for a retirement portfolio?
For long-horizon retirement investors, BlackRock, Inc.
(BLK) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 1. 28), 1. 9% yield, +246. 4% 10Y return). Both have compounded well over 10 years (BLK: +246. 4%, TROW: +96. 8%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between TROW and BLK?
Both stocks operate in the Financial Services sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: TROW is a mid-cap deep-value stock; BLK is a mid-cap quality compounder stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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