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Side-by-side financial comparison of BlackRock (BLK) and 3M (MMM). Click either name above to swap in a different company.
BlackRock is the larger business by last-quarter revenue ($6.7B vs $6.0B, roughly 1.1× 3M). BlackRock runs the higher net margin — 30.9% vs 10.8%, a 20.0% gap on every dollar of revenue. On growth, BlackRock posted the faster year-over-year revenue change (27.0% vs 1.3%). Over the past eight quarters, BlackRock's revenue compounded faster (19.0% CAGR vs -1.8%).
BlackRock, Inc. is an American multinational investment company. Founded in 1988, initially as an enterprise risk management and fixed income institutional asset manager, BlackRock is the world's largest asset manager, with $12.5 trillion in assets under management as of 2025. Headquartered in New York City, BlackRock has 70 offices in 30 countries and clients in 100 countries.
The 3M Company is an American multinational conglomerate operating in the fields of industry, worker safety, and consumer goods. Based in the Saint Paul suburb of Maplewood, the company produces over 60,000 products, including adhesives, abrasives, laminates, passive fire protection, personal protective equipment, window films, paint protection film, electrical, electronic connecting, insulating materials, car-care products, electronic circuits, and optical films. Among its best-known consume...
BLK vs MMM — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $6.7B | $6.0B |
| Net Profit | $2.1B | $653.0M |
| Gross Margin | — | 40.7% |
| Operating Margin | 42.0% | 23.2% |
| Net Margin | 30.9% | 10.8% |
| Revenue YoY | 27.0% | 1.3% |
| Net Profit YoY | 16.8% | -41.5% |
| EPS (diluted) | $14.06 | $1.23 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $6.7B | $6.0B | ||
| Q4 25 | $7.0B | $6.1B | ||
| Q3 25 | $6.5B | $6.5B | ||
| Q2 25 | $5.4B | $6.3B | ||
| Q1 25 | $5.3B | $6.0B | ||
| Q4 24 | — | $6.0B | ||
| Q3 24 | $5.2B | $6.3B | ||
| Q2 24 | $4.8B | $6.3B |
| Q1 26 | $2.1B | $653.0M | ||
| Q4 25 | $1.1B | $577.0M | ||
| Q3 25 | $1.3B | $834.0M | ||
| Q2 25 | $1.6B | $723.0M | ||
| Q1 25 | $1.5B | $1.1B | ||
| Q4 24 | — | $728.0M | ||
| Q3 24 | $1.6B | $1.4B | ||
| Q2 24 | $1.5B | $1.1B |
| Q1 26 | — | 40.7% | ||
| Q4 25 | — | 33.6% | ||
| Q3 25 | — | 41.8% | ||
| Q2 25 | — | 42.5% | ||
| Q1 25 | — | 41.6% | ||
| Q4 24 | — | 51.7% | ||
| Q3 24 | — | 42.1% | ||
| Q2 24 | — | 42.9% |
| Q1 26 | 42.0% | 23.2% | ||
| Q4 25 | 23.7% | 13.0% | ||
| Q3 25 | 30.0% | 22.2% | ||
| Q2 25 | 31.9% | 18.0% | ||
| Q1 25 | 32.2% | 20.9% | ||
| Q4 24 | — | 12.2% | ||
| Q3 24 | 38.6% | 20.9% | ||
| Q2 24 | 37.5% | 20.3% |
| Q1 26 | 30.9% | 10.8% | ||
| Q4 25 | 16.1% | 9.4% | ||
| Q3 25 | 20.3% | 12.8% | ||
| Q2 25 | 29.4% | 11.4% | ||
| Q1 25 | 28.6% | 18.7% | ||
| Q4 24 | — | 12.1% | ||
| Q3 24 | 31.4% | 21.8% | ||
| Q2 24 | 31.1% | 18.3% |
| Q1 26 | $14.06 | $1.23 | ||
| Q4 25 | $7.05 | $1.07 | ||
| Q3 25 | $8.43 | $1.55 | ||
| Q2 25 | $10.19 | $1.34 | ||
| Q1 25 | $9.64 | $2.04 | ||
| Q4 24 | — | $1.33 | ||
| Q3 24 | $10.90 | $2.48 | ||
| Q2 24 | $9.99 | $2.07 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $3.7B |
| Total DebtLower is stronger | — | $10.9B |
| Stockholders' EquityBook value | $71.8B | $3.3B |
| Total Assets | — | $35.4B |
| Debt / EquityLower = less leverage | — | 3.29× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $3.7B | ||
| Q4 25 | $11.5B | — | ||
| Q3 25 | $10.0B | — | ||
| Q2 25 | $9.5B | — | ||
| Q1 25 | $7.7B | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $14.0B | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $10.9B | ||
| Q4 25 | $12.8B | $12.6B | ||
| Q3 25 | $12.8B | $12.6B | ||
| Q2 25 | $12.8B | $13.1B | ||
| Q1 25 | $12.3B | $13.5B | ||
| Q4 24 | — | $13.0B | ||
| Q3 24 | $12.4B | $13.2B | ||
| Q2 24 | — | $13.1B |
| Q1 26 | $71.8B | $3.3B | ||
| Q4 25 | $55.9B | $4.7B | ||
| Q3 25 | $55.5B | $4.6B | ||
| Q2 25 | $49.1B | $4.3B | ||
| Q1 25 | $48.0B | $4.5B | ||
| Q4 24 | — | $3.8B | ||
| Q3 24 | $41.2B | $4.6B | ||
| Q2 24 | $40.3B | $3.9B |
| Q1 26 | — | $35.4B | ||
| Q4 25 | $170.0B | $37.7B | ||
| Q3 25 | $162.7B | $37.6B | ||
| Q2 25 | $146.5B | $38.0B | ||
| Q1 25 | $141.9B | $40.0B | ||
| Q4 24 | — | $39.9B | ||
| Q3 24 | $132.8B | $40.9B | ||
| Q2 24 | — | $43.4B |
| Q1 26 | — | 3.29× | ||
| Q4 25 | 0.23× | 2.68× | ||
| Q3 25 | 0.23× | 2.72× | ||
| Q2 25 | 0.26× | 3.06× | ||
| Q1 25 | 0.26× | 3.02× | ||
| Q4 24 | — | 3.40× | ||
| Q3 24 | 0.30× | 2.84× | ||
| Q2 24 | — | 3.34× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BLK
| ETFs | $1.8B | 27% |
| Fixed income subtotal | $965.0M | 14% |
| Private markets | $658.0M | 10% |
| Active | $593.0M | 9% |
| Technology services and subscription revenue | $530.0M | 8% |
| Distribution fees | $389.0M | 6% |
| Active multi-asset | $371.0M | 6% |
| Non-ETF index | $342.0M | 5% |
| Cash management | $340.0M | 5% |
| Other | $296.0M | 4% |
| Liquid alternatives | $197.0M | 3% |
| Digital assets, commodities and multi-asset ETFs (1) | $179.0M | 3% |
| Equity | $22.0M | 0% |
| Advisory | $12.0M | 0% |
| Multi-asset | $9.0M | 0% |
| Fixed income | $2.0M | 0% |
MMM
| Personal Safety | $912.0M | 15% |
| Commercial Branding and Transportation | $640.0M | 11% |
| Industrial Adhesives and Tapes | $604.0M | 10% |
| Electronics | $577.0M | 10% |
| Automotive and Aerospace | $484.0M | 8% |
| Electrical Markets | $356.0M | 6% |
| Abrasives | $349.0M | 6% |
| Home and Auto Care | $328.0M | 5% |
| Home Improvement | $311.0M | 5% |
| Automotive Aftermarket | $304.0M | 5% |
| Industrial Specialties Division | $286.0M | 5% |
| Consumer Safety and Well-Being | $278.0M | 5% |
| Packaging and Expression | $214.0M | 4% |
| Advanced Materials | $147.0M | 2% |
| Corporate | $121.0M | 2% |
| Roofing Granules | $119.0M | 2% |
