3-Year Return on Invested Incremental Capital (3-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 3-year.
BlackRock's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 2.21%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for BlackRock's 3-Year ROIIC % or its related term are showing as below:
XSWX:BLK's 3-Year ROIIC % is ranked better than 50.08% of 653
companies
in the Asset Management industry
Industry Median: 2.09
vs XSWX:BLK: 2.21
BlackRock (XSWX:BLK) 3-Year ROIIC % Explanation
Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.
High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
Be Aware
It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.
BlackRock 3-Year ROIIC % Related Terms
BlackRock 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for BlackRock's 3-Year ROIIC % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
XSWX:BLK vs BX, KKR, APO: 3-Year ROIIC % Comparison
For the Asset Management subindustry, BlackRock's 3-Year ROIIC %, along with its competitors' market caps and 3-Year ROIIC % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
BlackRock 3-Year ROIIC % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, BlackRock's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where BlackRock's 3-Year ROIIC % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
** Annual data of NOPAT and Invested Capital was used to calculate 3-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.
BlackRock (XSWX:BLK) has a 3-Year ROIIC % of 2.21 as of Dec. 2025. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on BlackRock and its competitors. According to the industry distribution chart, BlackRock ranks #326 out of 653 companies in the Asset Management industry, placing it in the top 49.9%.
Is BlackRock's 3-Year ROIIC % too high?
BlackRock's current 3-Year ROIIC % is 2.21. The Asset Management industry median 3-Year ROIIC % is 2.09. BlackRock's value of 2.21 is 5.7% above this industry median. Based on the distribution chart, BlackRock ranks #326 out of 653 companies in the Asset Management industry, which is above the industry midpoint. Overall, BlackRock has a GF Score™ of 93/100, reflecting its overall financial health beyond just this single metric.
How does BlackRock's 3-Year ROIIC % compare to BX and KKR?
According to the Asset Management industry distribution chart, BlackRock ranks #326 out of 653 companies for 3-Year ROIIC %. This puts BlackRock in the upper half of its industry. The industry median 3-Year ROIIC % is 2.09. BlackRock's value of 2.21 is 5.7% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 3-Year ROIIC % for an Asset Management company?
The median 3-Year ROIIC % among Asset Management companies is 2.09, based on 653 companies in the industry. Companies in the top quartile (top 25%) have a 3-Year ROIIC % significantly above this median, while those in the bottom quartile fall well below. However, 3-Year ROIIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. BlackRock's current 3-Year ROIIC % of 2.21 is 5.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high 3-Year ROIIC % mean?
A high 3-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on BlackRock and its competitors. For the Asset Management industry, the median 3-Year ROIIC % is 2.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BlackRock's current 3-Year ROIIC % is 2.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BlackRock stock overvalued right now?
BlackRock (XSWX:BLK) has a current 3-Year ROIIC % of 2.21. The stock's GF Value™ is CHF919.21, compared to a current price of CHF834.80 — trading 9.2% below its estimated fair value. The current 3-Year ROIIC % is 2.21 and 5.7% above the Asset Management industry median of 2.09. BlackRock's overall GF Score™ is 93/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 3-Year ROIIC % calculated?
3-Year ROIIC % is calculated from a company's financial statements. For BlackRock (XSWX:BLK), the current 3-Year ROIIC % is 2.21 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is BlackRock (XSWX:BLK) Overvalued in 2026?
Based on GuruFocus' analysis, BlackRock stock appears to be undervalued.
The current stock price of CHF834.80 is trading 9.2% below its estimated GF Value™ of CHF919.21.
Key valuation signals for XSWX:BLK:
3-Year ROIIC %: 2.21
GF Value™: CHF919.21 vs. price of CHF834.80 (9.2% below fair value)
Industry Position: 5.7% above the Asset Management median (#326 of 653)
No single metric tells the full story. See the XSWX:BLK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
BlackRock is the largest asset manager in the world, with $14.041 trillion in assets under management at the end of December 2025. Its product mix is diverse, with 55% of managed assets in equity strategies, 23% in fixed income, 9% in multi-asset classes, 6% in money market funds, and 5% in alternatives. Passive strategies account for more than two-thirds of long-term AUM, with the company's ETF platform maintaining a leading market share domestically and on a global basis. Product distribution is weighted more toward institutional clients, which, by our calculations, account for around 80% of AUM. BlackRock is geographically diverse, with clients in more than 100 countries and more than one-third of managed assets coming from investors domiciled outside the US and Canada.
93GF Score
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