A Business at a Glance
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Blackstone is the world’s largest alternative asset manager. We seek to deliver compelling returns for institutional and individual investors by strengthening the companies and assets in which we invest. Our more than $1.3 trillion in Total Assets Under Management as of December 31, 2025 include global investment strategies focused on real estate, private equity, infrastructure, life sciences, growth equity, credit, real assets, secondaries and hedge funds. Our businesses use a solutions-oriented approach to drive better performance. We believe our scale, diversified business, long record of investment performance, rigorous investment process and strong client relationships position us to continue to perform well in a variety of market conditions, expand our assets under management, and innovate. We invest across asset classes on behalf of our investors, including pension funds, insurance companies and individual investors.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 14.5B | 14.5B | 13.2B | 8.0B | 8.5B | 22.6B |
| Net Income | 3.0B | 3.0B | 2.8B | 1.4B | 1.7B | 5.9B |
| EPS | $3.87 | $3.87 | $3.62 | $1.84 | $2.36 | $8.13 |
| Free Cash Flow | 4.5B | 4.5B | 3.4B | 3.8B | 6.1B | 3.9B |
| ROIC | -0.6% | 14.8% | 14.1% | 7.5% | 8.7% | 33.9% |
| Gross Margin | 61.1% | 61.1% | 62.3% | 58.7% | 58.5% | 63.0% |
| Debt/Equity | 2.89 | 2.89 | 2.77 | 3.36 | 3.24 | 1.66 |
| Dividends/Share | $7.71 | $4.69 | $3.45 | $3.32 | $4.94 | $3.57 |
| Operating Income | -271M | -271M | 6.5B | -93M | 185M | 13.6B |
| Operating Margin | -1.9% | -1.9% | 48.8% | -1.2% | 2.2% | 60.1% |
| ROE | 34.8% | 35.8% | 33.8% | 20.4% | 22.8% | 62.2% |
| Shares Outstanding | 780M | 780M | 767M | 756M | 741M | 720M |
Blackstone Inc. passes 5 of 9 quality checks, suggesting mixed fundamentals.
Blackstone Inc. trades at 31.5x trailing earnings, compared to its 15-year median P/E of 21.3x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 19.9x vs a median of 20.8x. The company's 5-year average ROIC is 15.8% with a gross margin of 60.7%. Total shareholder yield (dividends) is 6.3%. At current prices, the estimated annualized return to fair value is +23.6%.
Blackstone Inc. (BX) has a current P/E ratio of 31.5, compared to its historical median P/E of 21.3. The stock is currently considered Fair based on its historical valuation range.
Blackstone Inc. (BX) has a 5-year average return on invested capital (ROIC) of 15.8%. This indicates strong capital allocation and a potential competitive advantage.
Blackstone Inc. (BX) has a market capitalization of $95.0B. It is classified as a large-cap stock.
Yes, Blackstone Inc. (BX) pays a dividend with a trailing twelve-month yield of 6.33%.
Based on historical P/E analysis, Blackstone Inc. (BX) appears fair. The current P/E of 31.5 is 48% above its historical median of 21.3. The estimated fair value CAGR (P/E method) is 2.7%.
Blackstone Inc. (BX) operates in the Investment Advice industry, within the Financials sector.
Blackstone Inc. (BX) reported annual revenue of $14.5 billion in its most recent fiscal year, based on SEC EDGAR filings.
Blackstone Inc. (BX) has a net profit margin of 20.9%. This is a strong margin indicating high profitability.
Blackstone Inc. (BX) generated $4.5 billion in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Blackstone Inc. (BX) has a debt-to-equity ratio of 2.89. This indicates higher leverage, which may increase financial risk.
Blackstone Inc. (BX) reported earnings per share (EPS) of $3.87 in its most recent fiscal year.
Blackstone Inc. (BX) has a return on equity (ROE) of 35.8%. This indicates the company generates strong returns for shareholders.
Blackstone Inc. (BX) has a 5-year average gross margin of 60.7%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 18 years of financial data for Blackstone Inc. (BX), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Blackstone Inc. (BX) has a book value per share of $11.11, based on its most recent annual SEC filing.