BlackRock Ratios and Metrics

Market cap in millions BRL. Fiscal year is January - December.

Millions BRL. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 20, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Market Cap	787,449	881,901	843,973	640,543	563,868	737,905
Market Cap Growth	-8.26%	4.49%	31.76%	13.60%	-23.59%	26.18%
Enterprise Value	821,237	930,688	861,613	655,734	575,101	744,255
PE Ratio	25.75	30.31	24.40	22.24	20.86	23.95
Forward PE	16.60	20.67	22.21	22.53	21.81	22.62
PEG Ratio	-	1.55	1.60	2.67	-	1.58
PS Ratio	5.90	6.85	7.78	6.75	5.94	7.17
PB Ratio	2.32	2.97	3.34	3.06	2.81	3.68
P/TBV Ratio	0.22	3.08	3.27	3.11	2.86	3.75
P/FCF Ratio	40.25	46.73	33.79	31.55	23.99	30.17
P/OCF Ratio	36.41	42.27	32.05	28.94	21.41	28.09
EV/Sales Ratio	6.42	7.23	7.95	6.91	6.06	7.23
EV/EBITDA Ratio	15.56	21.44	20.01	18.41	15.91	17.81
EV/EBIT Ratio	18.15	24.86	21.41	19.67	16.95	18.80
EV/FCF Ratio	41.98	49.31	34.49	32.30	24.47	30.43
Debt / Equity Ratio	0.26	0.26	0.29	0.24	0.22	0.24
Debt / EBITDA Ratio	3.40	3.40	3.28	2.63	2.23	2.13
Debt / FCF Ratio	7.82	7.82	5.65	4.61	3.42	3.64
Net Debt / Equity Ratio	0.29	0.29	0.29	0.23	0.21	0.20
Net Debt / EBITDA Ratio	1.99	1.99	1.70	1.33	1.14	0.95
Net Debt / FCF Ratio	4.59	4.59	2.93	2.33	1.75	1.62
Asset Turnover	0.16	0.16	0.16	0.15	0.13	0.12
Quick Ratio	0.10	0.10	0.13	0.10	0.09	0.08
Current Ratio	0.86	0.86	0.89	0.98	0.97	0.98
Return on Equity (ROE)	10.99%	10.99%	14.38%	14.19%	12.86%	16.21%
Return on Assets (ROA)	3.56%	3.56%	4.54%	4.13%	3.75%	3.43%
Return on Invested Capital (ROIC)	4.01%	4.01%	5.12%	4.58%	4.13%	3.72%
Return on Capital Employed (ROCE)	14.39%	14.39%	18.73%	16.52%	17.39%	21.02%
Earnings Yield	3.88%	3.30%	4.10%	4.50%	4.79%	4.17%
FCF Yield	2.48%	2.14%	2.96%	3.17%	4.17%	3.31%
Dividend Yield	1.55%	2.02%	2.02%	2.50%	2.80%	1.83%
Payout Ratio	60.27%	60.27%	48.69%	55.16%	57.74%	43.16%
Buyback Yield / Dilution	1.07%	1.07%	0.92%	1.48%	2.19%	1.07%
Total Shareholder Return	2.63%	3.09%	2.94%	3.99%	4.98%	2.90%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Capital Markets template. Financial Sources.