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BLK vs KKR
BlackRock (BLK) vs KKR & Co. (KKR) Earnings Preview: Q1 Growth Expectations
Key Takeaways
- BlackRock (BLK) set to report Q1 2026 earnings on April 14, with consensus EPS of $12.01 and revenue of $6.62 billion, signaling 6.3% and 25.5% year-over-year growth, respectively.
- Analysts project BlackRock's assets under management (AUM, total value of investments managed for clients) to reach $14.21 trillion, up 22.7% year-over-year, driven by strong ETF inflows and private markets expansion.
- KKR & Co. (KKR) reports Q1 on May 5; recent Q4 2025 showed fee-related earnings (FRE, earnings from management and transaction fees) up 15% to $972 million with 68% margins.
- BlackRock's scale ($14 trillion AUM) provides stability via recurring base fees; KKR ($744 billion AUM) emphasizes high-growth alternatives like private equity and insurance.
- Both firms benefit from rising markets, but BlackRock's diversified passive strategies offer lower volatility compared to KKR's carried interest (performance fees from successful investments) exposure.
Earnings Context and Why This Comparison Matters
BlackRock and KKR & Co. represent pillars of the asset management industry, with BlackRock dominating passive ETFs and index funds while KKR excels in alternatives like private equity, real assets, and credit. Their earnings reports illuminate trends in AUM growth, fee dynamics, and capital deployment amid volatile markets. BlackRock's upcoming Q1 disclosure on April 14 holds immediate relevance, offering insights into global inflows and technology services revenue. Comparing them highlights trade-offs between BlackRock's scale-driven stability and KKR's higher-growth, fee-related earnings trajectory, aiding investors in assessing resilience and upside in a rate-sensitive sector.
BlackRock Focus
BlackRock's Q1 2026 earnings preview points to robust growth. Analysts forecast EPS of $12.01, up 6.3% from Q1 2025's $11.30, with revenue at $6.62 billion, a 25.5% surge. Key drivers include investment advisory performance fees ($243 million expected, significant rise) and technology services ($538 million, +23.4%). AUM is projected at $14.21 trillion, following Q4 2025's record $14.04 trillion and $268 billion quarterly inflows. Organic base fee growth (recurring fees on AUM) remains strong at 12% annualized in Q4, fueled by iShares ETFs, private markets, and outsourcing. Investors watch for updates on alternatives AUM ($424 billion in Q4) and margin expansion amid market appreciation.
KKR & Co. Context
KKR's Q1 earnings follow strong Q4 2025 results, with adjusted EPS of $1.12 (or $1.30 excluding carried interest repayment) and revenue of $5.74 billion. Management fees hit $1.1 billion (+24% year-over-year), contributing to full-year fees of $4.1 billion across private equity, real assets, and credit. FRE rose 15% to $972 million at 68% margins, underscoring recurring revenue strength. AUM reached $744 billion (+17%), fee-paying AUM $604 billion (+18%), with record $129 billion raised and $95 billion deployed in 2025. Q1 consensus eyes EPS around $1.40, supported by $700 million+ quarter-to-date monetizations (90% performance income).
Head-to-Head Earnings and Market Comparison
BlackRock's $14 trillion AUM dwarfs KKR's $744 billion, enabling steadier base fees but exposing it to market beta. KKR's alternatives focus yields higher FRE margins (68-69%) versus BlackRock's operating margins (~45%), though with greater volatility from realizations. Q4 revenues favored KKR ($5.74 billion vs. BlackRock's $7.01 billion), but BlackRock's full-year 2025 revenue ($24.22 billion, +19%) outpaced KKR's growth trajectory. P/E ratios reflect this: BlackRock ~28x, KKR ~40x, pricing in KKR's embedded $19 billion gains. Risks include rate sensitivity for both (NII, net interest income from cash balances), but BlackRock's passive dominance offers lower execution risk amid M&A (mergers and acquisitions) integration.
AI Screener
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Tickeron AI Verdict
Tickeron AI favors BLK with 65% probability over the next 12 months, citing superior earnings stability, massive AUM scale, and consistent organic growth amid KKR's higher but volatile carried interest reliance.
Disclaimer
The information on this webpage is provided for general informational and educational purposes only and is not intended as investment advice, a recommendation to purchase or sell any security, or an offer or solicitation related to investments. It does not consider your personal financial situation, goals, or risk profile, and all investing carries inherent risks, including the possibility of losing your entire investment. For more details, please review our full Disclaimers and Limitations.
To compare these two companies we present long-term analysis, their fundamental ratings and make comparative short-term technical analysis which are presented below. The conclusion is BLK is a Hold and KKR is a Hold.
Long-Term Analysis
It is best to consider a long-term outlook for a ticker by using Fundamental Analysis (FA) ratings. The rating of 1 to 100, where 1 is best and 100 is worst, is divided into thirds. The first third (a green rating of 1-33) indicates that the ticker is undervalued; the second third (a grey number between 34 and 66) means that the ticker is valued fairly; and the last third (red number of 67 to 100) reflects that the ticker is undervalued. We use an FA Score to show how many ratings show the ticker to be undervalued (green) or overvalued (red).
BLK’s FA Score shows that 0 FA rating(s) are green whileKKR’s FA Score has 0 green FA rating(s).
- BLK’s FA Score: 0 green, 5 red.
- KKR’s FA Score: 0 green, 5 red.
Short-Term Analysis
It is best to consider a short-term outlook for a ticker by using Technical Analysis (TA) indicators. We use Odds of Success as the percentage of outcomes which confirm successful trade signals in the past.
If the Odds of Success (the likelihood of the continuation of a trend) for each indicator are greater than 50%, then the generated signal is confirmed. A green percentage from 90% to 51% indicates that the ticker is in a bullish trend. A red percentage from 90% - 51% indicates that the ticker is in a bearish trend. All grey percentages are below 50% and are considered not to confirm the trend signal.
BLK’s TA Score shows that 6 TA indicator(s) are bullish while KKR’s TA Score has 4 bullish TA indicator(s).
- BLK’s TA Score: 6 bullish, 4 bearish.
- KKR’s TA Score: 4 bullish, 5 bearish.
Price Growth
BLK (@Investment Managers) experienced а +3.30% price change this week, while KKR (@Investment Managers) price change was +1.79% for the same time period.
The average weekly price growth across all stocks in the @Investment Managers industry was +0.17%. For the same industry, the average monthly price growth was -0.04%, and the average quarterly price growth was -6.94%.
Reported Earning Dates
BLK is expected to report earnings on Jul 21, 2026.
KKR is expected to report earnings on Aug 04, 2026.
Industries' Descriptions
@Investment Managers (+0.17% weekly)Investment Managers manage financial assets and other investments of clients. Management includes designing a short- or long-term strategy for buying/holding and selling of portfolio holdings. It can also include tax services and other aspects of financial planning as well. While it is perceived that the industry is faced with growing competition from robo-advisors/digital platforms and passive/ index-tracking funds, many investors still find value in actively managed in-person services that investment management companies often emphasize on. At the same time, many wealth managers are also incorporating digital initiatives/low cost options in addition to their in-person customized services. Their main sources of revenues are fees as a percentage of assets under management, in addition to a certain portion of clients’ gains from asset appreciation. BlackRock, Inc., Blackstone Group Inc and Brookfield Asset Management are some of the major investment management companies.
| BLK | KKR | BLK / KKR | |
| Capitalization | 163B | 87.1B | 187% |
| EBITDA | 10.6B | 9.89B | 107% |
| Gain YTD | -0.790 | -23.614 | 3% |
| P/E Ratio | 26.43 | 33.00 | 80% |
| Revenue | 25.6B | 20.4B | 125% |
| Total Cash | 13.1B | 132B | 10% |
| Total Debt | 15B | 54.6B | 27% |
BLK | KKR | ||
|---|---|---|---|
OUTLOOK RATING 1..100 | 16 | 14 | |
VALUATION overvalued / fair valued / undervalued 1..100 | 72 Overvalued | 79 Overvalued | |
PROFIT vs RISK RATING 1..100 | 57 | 68 | |
SMR RATING 1..100 | 66 | 70 | |
PRICE GROWTH RATING 1..100 | 35 | 60 | |
P/E GROWTH RATING 1..100 | 42 | 87 | |
SEASONALITY SCORE 1..100 | 90 | 90 |
Tickeron ratings are formulated such that a rating of 1 designates the most successful stocks in a given industry, while a rating of 100 points to the least successful stocks for that industry.
BLK's Valuation (72) in the Investment Managers industry is in the same range as KKR (79). This means that BLK’s stock grew similarly to KKR’s over the last 12 months.
BLK's Profit vs Risk Rating (57) in the Investment Managers industry is in the same range as KKR (68). This means that BLK’s stock grew similarly to KKR’s over the last 12 months.
BLK's SMR Rating (66) in the Investment Managers industry is in the same range as KKR (70). This means that BLK’s stock grew similarly to KKR’s over the last 12 months.
BLK's Price Growth Rating (35) in the Investment Managers industry is in the same range as KKR (60). This means that BLK’s stock grew similarly to KKR’s over the last 12 months.
BLK's P/E Growth Rating (42) in the Investment Managers industry is somewhat better than the same rating for KKR (87). This means that BLK’s stock grew somewhat faster than KKR’s over the last 12 months.
| BLK | KKR | |
|---|---|---|
| RSI ODDS (%) | 2 days ago 84% | N/A |
| Stochastic ODDS (%) | 2 days ago 50% | 2 days ago 70% |
| Momentum ODDS (%) | 2 days ago 66% | 2 days ago 76% |
| MACD ODDS (%) | 2 days ago 58% | 2 days ago 83% |
| TrendWeek ODDS (%) | 2 days ago 64% | 2 days ago 71% |
| TrendMonth ODDS (%) | 2 days ago 57% | 2 days ago 69% |
| Advances ODDS (%) | 4 days ago 59% | 4 days ago 72% |
| Declines ODDS (%) | 12 days ago 57% | 2 days ago 67% |
| BollingerBands ODDS (%) | 2 days ago 76% | 2 days ago 74% |
| Aroon ODDS (%) | 2 days ago 49% | 2 days ago 67% |
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