BlackRock vs KKR &
BlackRock is the larger business, with $24.22bn of revenue in fiscal 2025 against $19.46bn for KKR & (1.2 times as much). BlackRock grew faster (89.3% against -11.0%). BlackRock kept more of each dollar of sales as profit: a net margin of 22.9% against 12.2%. KKR & carries less debt relative to equity (0.0% against 22.8%).
| Latest fiscal year | BlackRockBLK, 2025 | KKR &KKR, 2025 |
|---|---|---|
| Revenue | $24.22bn | $19.46bn |
| Revenue growth | 89.3% | -11.0% |
| Net income | $5.55bn | $2.37bn |
| Operating margin | 29.1% | — |
| Net margin | 22.9% | 12.2% |
| Return on equity | 10.7% | 8.7% |
| Free cash flow | $3.55bn | $478m |
| Cash | $11.47bn | $17.15bn |
| Total debt | $12.77bn | $0 |
| Debt to equity | 22.8% | 0.0% |
| Dividend per share | — | — |
| Dividend yield | 1.8% | 0.8% |
| Share buybacks | — | $3.4m |
| Employees | — | 5,043 |
| Market value | $179.92bn | $85.96bn |
| Price vs our value range | — | — |
| Moat score | — | — |
| Insider trades, 12 months | 0 buys, 33 sales | 13 buys, 3 sales |