BlackRock vs Corebridge Financial
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The short version
- BlackRock is the larger business, with $24.2B of revenue in fiscal 2025 against $18.5B for Corebridge Financial.
- BlackRock grew revenue faster (18.7%, against −1.2%).
- Investors pay more for each dollar of BlackRock’s earnings: a P/E of 26.8x against 21.5x for Corebridge Financial.
| Latest fiscal year | BLK · FY25 | CRBG · FY25 |
|---|---|---|
| Size | ||
| Market cap | $184.1B | $15.5B |
| Revenue | $24.2B | $18.5B |
| Free cash flow | $3.6B | — |
| Net income | $5.6B | −$366M |
| Growth | ||
| Revenue growth | 18.7% | −1.2% |
| 5-year growth | 8.4% | 4.2% |
| Share count change | 6.1% | −10.0% |
| Profitability | ||
| Gross margin | — | — |
| Operating margin | 29.1% | — |
| Net margin | 22.9% | −2.0% |
| FCF margin | 14.7% | — |
| Return on capital | 10.5% | — |
| Return on equity | 10.7% | — |
| Balance sheet | ||
| Net debt | $1.3B | — |
| Net debt / EBITDA | 0.2x | — |
| Dividends and buybacks | $0.0M | $2.6B |
| Valuation & quality | ||
| P/E | 26.8x | 21.5x |
| Piotroski F-score | — | — |
Revenue
FY16
BLK $12.3B
CRBG —
FY17
BLK $13.6B
CRBG —
FY18
BLK $14.2B
CRBG —
FY19
BLK $14.5B
CRBG —
FY20
BLK $16.2B
CRBG $15.1B
FY21
BLK $19.4B
CRBG $23.3B
FY22
BLK $17.9B
CRBG $24.7B
FY23
BLK $17.9B
CRBG $18.8B
FY24
BLK $20.4B
CRBG $18.7B
FY25
BLK $24.2B
CRBG $18.5B
BLK
CRBG
Operating margin
FY16
BLK 37.2%
CRBG —
FY17
BLK 38.6%
CRBG —
FY18
BLK 38.4%
CRBG —
FY19
BLK 38.2%
CRBG —
FY20
BLK 35.1%
CRBG —
FY21
BLK 38.5%
CRBG —
FY22
BLK 35.7%
CRBG —
FY23
BLK 35.1%
CRBG —
FY24
BLK 37.1%
CRBG —
FY25
BLK 29.1%
CRBG —
BLK
CRBG
Free cash flow
FY16
BLK $2.2B
CRBG —
FY17
BLK $3.8B
CRBG —
FY18
BLK $2.9B
CRBG —
FY19
BLK $2.6B
CRBG —
FY20
BLK $3.5B
CRBG —
FY21
BLK $4.6B
CRBG —
FY22
BLK $4.4B
CRBG —
FY23
BLK $3.8B
CRBG —
FY24
BLK $4.7B
CRBG —
FY25
BLK $3.6B
CRBG —
BLK
CRBG
Return on capital
FY16
BLK 11.7%
CRBG —
FY17
BLK 17.2%
CRBG —
FY18
BLK 14.3%
CRBG —
FY19
BLK 13.4%
CRBG —
FY20
BLK 13.6%
CRBG —
FY21
BLK 16.2%
CRBG —
FY22
BLK 13.9%
CRBG —
FY23
BLK 13.1%
CRBG —
FY24
BLK 13.8%
CRBG —
FY25
BLK 10.5%
CRBG —
BLK
CRBG
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.