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BlackRock vs Stifel Financial: revenue, profit, margins and growth compared

BlackRock brought in $24.2B of revenue in fiscal 2025, Stifel Financial $6.3B in fiscal 2025. Revenue changed by +18.7% at BlackRock and +6.7% at Stifel Financial on the year before, so BlackRock grew faster. BlackRock kept 22.9% of its revenue as net profit, Stifel Financial 10.8%. Free cash flow was $3.6B at BlackRock and $1.1B at Stifel Financial.

Side by side, latest fiscal year

BLKSF
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$24.2B$6.3B
Revenue growth+18.7%+6.7%
Net income$5.6B$683.8M
Net margin22.9%10.8%
Free cash flow$3.6B$1.1B
Free cash flow margin14.7%16.6%
Earnings per share (diluted)$35.31$5.87
Cash$11.5B$2.3B
Debt$12.8B$617.4M
Price to earnings30.812.0
Market value$168.2B$10.6B
Dividend yield1.92%2.62%
Rank by revenue in sector#25 of 444 · Finance#86 of 444 · Finance

Over the years

Revenue
BLK FY2022: $17.9BBLK FY2024: $17.9BBLK FY2024: $20.4BBLK FY2025: $24.2BSF FY2018: $3.2BSF FY2019: $3.5BSF FY2020: $3.8BSF FY2021: $4.8BSF FY2022: $4.6BSF FY2023: $5.2BSF FY2024: $6BSF FY2025: $6.3BFY18FY19FY20FY21FY22FY23FY24FY25
BLK $24.2BSF $6.3B
Net income
BLK FY2022: $5.2BBLK FY2024: $5.5BBLK FY2024: $6.4BBLK FY2025: $5.6BSF FY2018: $394MSF FY2019: $448.4MSF FY2020: $503.5MSF FY2021: $824.9MSF FY2022: $662.2MSF FY2023: $522.5MSF FY2024: $731.4MSF FY2025: $683.8MFY18FY19FY20FY21FY22FY23FY24FY25
BLK $5.6BSF $683.8M
Net margin
BLK FY2022: 29.0%BLK FY2024: 30.8%BLK FY2024: 31.2%BLK FY2025: 22.9%SF FY2018: 12.3%SF FY2019: 12.8%SF FY2020: 13.2%SF FY2021: 17.2%SF FY2022: 14.4%SF FY2023: 10.1%SF FY2024: 12.3%SF FY2025: 10.8%FY18FY19FY20FY21FY22FY23FY24FY25
BLK 22.9%SF 10.8%
Revenue growth
BLK FY2024: -0.1%BLK FY2024: +14.3%BLK FY2025: +18.7%SF FY2019: +10.0%SF FY2020: +8.6%SF FY2021: +25.3%SF FY2022: -4.0%SF FY2023: +12.3%SF FY2024: +15.4%SF FY2025: +6.7%FY19FY20FY21FY22FY23FY24FY25
BLK +18.7%SF +6.7%
Free cash flow
BLK FY2022: $4.4BBLK FY2024: $3.8BBLK FY2024: $4.7BBLK FY2025: $3.6BSF FY2018: $421.3MSF FY2019: $469MSF FY2020: $1.6BSF FY2021: $683.9MSF FY2022: $1.1BSF FY2023: $447.4MSF FY2024: $416.6MSF FY2025: $1.1BFY18FY19FY20FY21FY22FY23FY24FY25
BLK $3.6BSF $1.1B

Fiscal years as each company reports them; the two may end in different months.

Questions about BlackRock and Stifel Financial

Which is bigger by revenue, BlackRock or Stifel Financial?

BlackRock is bigger by revenue: $24.2B in fiscal 2025, against $6.3B for Stifel Financial in fiscal 2025.

Which keeps more of its revenue as profit, BlackRock or Stifel Financial?

BlackRock had a net margin of 22.9% in fiscal 2025; Stifel Financial had 10.8% in fiscal 2025.

Which grew revenue faster, BlackRock or Stifel Financial?

In their latest fiscal years revenue changed by +18.7% at BlackRock and +6.7% at Stifel Financial.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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