LIVE
TROW
T. Rowe Price Group Inc. · Financial Services / Active Asset Management
$107.65
+5.83% this month
VERSUS
⟷
COMPARE
BLK
BlackRock Inc. · Financial Services / Passive & Multi-Asset Management
$1,050.09
+1.33% this month
Scoreboard verdict
Across AI score, momentum, valuation, upside, operating margin
TROW
3
BLK
2
Comparison scoreboard
TROW LEADS 3/5AI Score
TROW 39.2
BLK ✓52.0
1Y Return
TROW ✓+17.55%
BLK +8.35%
Fwd P/E
TROW ✓11.34
BLK 17.00
Target Up.
TROW -10.77%
BLK ✓+20.76%
Op. Margin
TROW ✓37.18%
BLK 35.64%
Metrics last refreshed: 6/20/2026
Quick take
TROW vs BLK Stock Comparison: AI Score, Valuation, Performance and Upside
T. Rowe Price and BlackRock represent opposing models in asset management. T. Rowe is the premier active manager — charging higher fees for stock selection expertise embedded in retirement plan distribution. BlackRock is the dominant passive ETF provider — capturing the secular shift from active to passive at scale while building Aladdin as a technology moat. The active-to-passive structural trend is a headwind for T. Rowe and a tailwind for BlackRock — though T. Rowe's retirement distribution provides AUM stickiness that standalone active managers lack.
TROW vs BLK — T. Rowe Price (premier active equity manager with $1.5T+ AUM, target-date fund retirement distribution moat, and Dividend Aristocrat track record, facing secular fee pressure from passive investment growth) versus BlackRock ($11T+ AUM as world's largest asset manager with iShares ETF platform dominance, Aladdin technology, and structural tailwind from active-to-passive investment shift).
Live analysis · updated 6/20/2026
TROW holds the edge across 3 of 5 key metrics in this comparison. TROW leads on both 1-year return (+17.55%) and forward P/E (11.34x vs 17.00x for BLK), a relatively favorable combination of momentum and valuation. On fundamentals, BLK is growing revenue faster (27.00%), while TROW maintains the higher operating margin (37.18%) — a classic growth-versus-profitability split. Analyst consensus implies meaningfully more upside for BLK (+20.76%) than for TROW (-10.77%).
Normalized 1Y performance
TROW
BLK
Recent returns
TROW
BLK
Analyst price targets & sentiment
TROW · 13 analysts
STRONG BUYHOLDSTRONG SELL
Hold (3.2/5.0)
Price target range
analyst low$82.00
analyst high$113.00
analyst mean$97.83
current price$107.65
-10.8% upside to analyst mean
BLK · 16 analysts
STRONG BUYHOLDSTRONG SELL
Buy (1.5/5.0)
Price target range
analyst low$950.00
analyst mean$1,246.25
current price$1,050.09
+20.8% upside to analyst mean
Who should consider this stock?
TROW may suit investors who:
- →believe T. Rowe's active management track record and retirement distribution moat provides durable AUM stability despite passive industry headwinds
- →value T. Rowe's Dividend Aristocrat status — consistent dividend growth through multiple market cycles reflecting financial durability in a challenging industry environment
- →are comfortable with active management secular headwinds but believe T. Rowe's specific distribution advantages (401k target-date plan embed) protect AUM better than standalone active managers
- →see T. Rowe as a higher-yielding dividend stock within financials — TROW's dividend yield is among the highest in the asset management sector
BLK may suit investors who:
- →want exposure to the secular active-to-passive investment shift — every dollar moving to iShares ETFs directly benefits BlackRock as the dominant ETF provider
- →value Aladdin as a technology revenue stream providing SaaS-like recurring income beyond investment management fees — $20T+ managed on Aladdin creates sticky software fees
- →believe BlackRock's alternatives expansion (infrastructure, private credit) successfully extends the business model into higher-margin, growing asset classes complementing the low-fee passive core
- →see BlackRock's $11T+ AUM as a near-permanent competitive moat — the network effects and scale advantages in passive ETF investing are essentially insurmountable barriers for new entrants
Performance & AI score
| Metric | TROW | BLK |
|---|---|---|
| AI score | 39.2 | 52.0 |
| AI rank | #1186 | #348 |
| Latest close | $107.65 | $1,050.09 |
| 1M return | +5.83% | +1.33% |
| 6M return | +3.61% | -1.40% |
| 1Y return | +17.55% | +8.35% |
$10,000 invested — hypothetical growth (dividends reinvested)
How much would $10,000 be worth today if invested at the start of each period, with all dividends reinvested?
| Period | TROW | BLK |
|---|---|---|
| 1Y ago | $11.68K (+16.8%) started 2025-06-18 | $10.72K (+7.2%) started 2025-06-18 |
| 5Y ago | $7.85K (-21.5%) started 2021-06-21 | $14.8K (+48.0%) started 2021-06-21 |
| 10Y ago | $28.93K (+189.3%) started 2016-06-20 | $48.06K (+380.6%) started 2016-06-20 |
Hypothetical — past performance does not guarantee future results.
Valuation & upside potential
| Metric | TROW | BLK |
|---|---|---|
| Market cap | $23.49B | $168.06B |
| Trailing P/E | 11.76 | 25.98 |
| Forward P/E | 11.34 | 17.00 |
| Price/Sales | 2.92 | 7.31 |
| EV/Revenue | 2.88 | 6.58 |
| Analyst target | $97.83 | $1,246.25 |
| Target upside | -10.77% | +20.76% |
Growth, profitability & risk
| Metric | TROW | BLK |
|---|---|---|
| Revenue growth | 5.30% | 27.00% |
| Earnings growth | 3.70% | 45.90% |
| EPS growth | +3.70% | +45.90% |
| FCF margin | +25.38% | +27.62% |
| Operating margin | 37.18% | 35.64% |
| Profit margin | 28.28% | 24.40% |
| ROIC proxy | 18.69% | 11.90% |
| Return on equity | 18.69% | 11.90% |
| Dividend yield | 4.74% | 2.22% |
| Beta | 1.52 | 1.43 |
| Debt/equity | 3.87 | 23.64 |
| Current ratio | 5.54 | 2.17 |
| Quick ratio | 5.54 | 1.60 |
Drawdown & downside risk
Lower drawdown and smaller single-period drops generally indicate a smoother ride, though they do not guarantee lower future risk.
1Y risk snapshot
TROW max drawdown22.71%
BLK max drawdown23.26%
TROW max wkly drop12.21%
BLK max wkly drop10.83%
5Y risk snapshot
TROW max drawdown58.16%
BLK max drawdown43.90%
TROW max wkly drop14.83%
BLK max wkly drop13.63%
10Y risk snapshot
TROW max drawdown58.16%
BLK max drawdown43.90%
TROW max wkly drop24.82%
BLK max wkly drop18.26%
Performance metrics by period
| Period | Metric | TROW | BLK |
|---|---|---|---|
| 1Y | Growth | +16.83% | +7.20% |
| CAGR | +16.86% | +7.22% | |
| Sharpe ratio | 0.59 | 0.23 | |
| Max drawdown | 22.71% | 23.26% | |
| Max daily drop | 5.49% | 7.69% | |
| Max wkly drop | 12.21% | 10.83% | |
| 5Y | Growth | -34.58% | +34.01% |
| CAGR | -8.15% | +6.04% | |
| Sharpe ratio | -0.28 | 0.19 | |
| Max drawdown | 58.16% | 43.90% | |
| Max daily drop | 8.18% | 7.71% | |
| Max wkly drop | 14.83% | 13.63% | |
| 10Y | Growth | +102.80% | +275.87% |
| CAGR | +7.33% | +14.17% | |
| Sharpe ratio | 0.24 | 0.46 | |
| Max drawdown | 58.16% | 43.90% | |
| Max daily drop | 13.07% | 13.65% | |
| Max wkly drop | 24.82% | 18.26% |
Business comparison
| Category | TROW | BLK |
|---|---|---|
| Company | T. Rowe Price Group Inc. | BlackRock Inc. |
| Sector | Financial Services | Financial Services |
| Industry | Asset Management | Asset Management |
| Core business | T. Rowe Price is one of America's premier active investment managers with $1.5T+ in AUM — primarily active equity and fixed income mutual funds for retirement savers (401k plans, IRAs, target-date funds), institutions, and individual investors. T. Rowe's strength is active equity management — stock-picking by fundamental research analysts across large-cap growth, value, international, and specialty mandates. Target-date funds (managed by T. Rowe, automatically shifting from equity to fixed income as investors age) represent the largest AUM segment — a structural retirement savings product with low redemption risk. | BlackRock is the world's largest asset manager with $11T+ in AUM — the dominant passive ETF provider through iShares (the world's largest ETF family), active/multi-asset strategies, alternatives (infrastructure, hedge funds, private credit), and Aladdin (risk management and portfolio analytics technology). BlackRock manages more assets than any company in history — iShares' market position (IVV, AGG, EFA, and hundreds of other ETFs) is near-monopolistic in core passive ETF investing. Aladdin technology manages $20T+ in assets across clients globally, providing a software revenue stream alongside investment management. |
| Investor focus | Investors focus on T. Rowe's active management performance relative to benchmarks (does active management justify higher fees vs index funds?), AUM flows (passive winning vs active losing market share), dividend growth (T. Rowe is a Dividend Aristocrat), and expense ratio compression pressure from index fund competition. | Investors focus on BlackRock's iShares ETF flow capture (ongoing shift from active to passive benefits BlackRock), Aladdin technology growth as a SaaS-like revenue stream, alternatives expansion (infrastructure, private credit, private equity), and AUM growth through market appreciation and net flows. |
TROW strengths
- →Retirement plan distribution dominance: T. Rowe's target-date funds embedded in 401k plans represent sticky, recurring AUM with minimal individual decision redemptions — automatic contributions maintain AUM through market cycles
- →Active equity track record: T. Rowe has maintained above-average active equity performance records over long periods — genuine differentiation from the many active managers who fail to beat benchmarks consistently
- →Dividend Aristocrat: T. Rowe has raised dividends consistently for 35+ years — financial durability throughout multiple market cycles
BLK strengths
- →iShares ETF platform monopoly-like position: BlackRock's iShares is the #1 ETF provider with unrivaled brand, distribution, and liquidity in core ETFs (IVV tracks S&P 500 with $500B+ AUM, AGG is the global bond benchmark)
- →Aladdin technology provides SaaS-like recurring revenue: $20T+ managed on Aladdin generates technology fees from banks, pension funds, insurers — diversifying BlackRock beyond investment management into financial software
- →Structural tailwind from active-to-passive shift: every dollar moving from T. Rowe or Fidelity active funds to iShares ETFs directly benefits BlackRock — the secular tailwind behind the asset management industry's biggest winner
Risks to watch — TROW
- →Secular shift from active to passive: index funds (Vanguard, iShares) have captured the majority of new investment dollars over 15+ years — T. Rowe's active fee revenue faces structural compression as assets shift to cheaper alternatives
- →Higher fees vs passive: T. Rowe charges 0.5-1%+ vs Vanguard's 0.03-0.10% for similar investment exposure — fee differential makes T. Rowe's value proposition dependent on meaningful outperformance that most active managers don't consistently achieve
- →Equity market concentration risk: T. Rowe's AUM is heavily equity-weighted — significant equity market corrections reduce AUM and fee revenue proportionally
Risks to watch — BLK
- →Scale limits return on AUM: at $11T+ AUM, BlackRock cannot move aggressively into smaller, higher-yielding alternative assets — scale and breadth trade off against focused high-return strategies
- →Political and ESG controversy: BlackRock's scale and ESG investment stance have made it a target for political criticism — some US states have moved assets away from BlackRock due to perceived ESG agenda
- →Index fund fee war eliminates revenue growth from flows: passive ETF fees are near zero (0.03-0.10%) — BlackRock must grow AUM through market appreciation and flows rather than pricing, constraining revenue growth per dollar of AUM
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