A Business at a Glance
0 of 5 daily views used (5 remaining). Sign up free for 10 daily views, or try AAPL for a full preview.
Blue Owl is a global alternative asset manager with $307.4 billion in AUM as of December 31, 2025. Anchored by a strong Permanent Capital base, we deploy private capital across Credit, Real Assets and GP Strategic Capital platforms on behalf of institutional and private wealth clients. Our flexible, consultative approach helps position us as a partner of choice for businesses seeking capital solutions to support their sustained growth. Our management team is comprised of seasoned investment professionals with decades of experience building alternative investment businesses. We employ approximately 1,365 people globally. Blue Owl was formed in May 2021 through the combination of Owl Rock (as defined in Note 2 to our Financial Statements), a leader in credit solutions, and Dyal Capital (as defined in Note 1 to our Financial Statements), a leading capital solutions provider to large private capital managers.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 2.9B | 2.9B | 2.3B | 1.7B | 1.4B | 824M |
| Net Income | 79M | 79M | 110M | 54M | -9.3M | -376M |
| EPS | $0.10 | $0.10 | $0.20 | $0.10 | $-0.02 | $-0.27 |
| Free Cash Flow | 1.2B | 1.2B | 935M | 881M | 663M | 276M |
| ROIC | 2.6% | 1.5% | 2.3% | 1.7% | -0.3% | -13.3% |
| Gross Margin | 54.5% | 54.5% | 55.7% | 49.7% | 34.7% | -81.7% |
| Debt/Equity | 3.04 | 3.04 | 2.46 | 2.22 | 2.05 | 1.43 |
| Dividends/Share | $0.69 | $0.86 | $0.68 | $0.55 | $0.43 | $0.13 |
| Operating Income | 348M | 348M | 469M | 246M | -50M | -1.9B |
| Operating Margin | 12.1% | 12.1% | 20.4% | 14.2% | -3.6% | -226.7% |
| ROE | 3.6% | 3.6% | 5.2% | 3.6% | -0.6% | -22.6% |
| Shares Outstanding | 788M | 788M | 1,555M | 1,538M | 1,429M | 1,407M |
| Metric | 2020 | 2021 | 2022 | 2023 | |||
|---|---|---|---|---|---|---|---|
| Income Statement | |||||||
| Revenue | 250M | 824M | 1.4B | 1.7B | 2.3B | 2.9B | 2.9B |
| Gross Margin | 3.6% | -81.7% | 34.7% | 49.7% | 55.7% | 54.5% | 54.5% |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 68M | 140M | 221M | 243M | 413M | 748M | 748M |
| EBIT | -83M | -1.9B | -50M | 246M | 469M | 348M | 348M |
| Op. Margin | -33.0% | -226.7% | -3.6% | 14.2% | 20.4% | 12.1% | 12.1% |
| Net Income | -78M | -376M | -9.3M | 54M | 110M | 79M | 79M |
| Net Margin | -31.2% | -45.7% | -0.7% | 3.1% | 4.8% | 2.7% | 2.7% |
| Non-Recurring | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | |||||||
| ROIC | -53.6% | -13.3% | -0.3% | 1.7% | 2.3% | 1.5% | 2.6% |
| ROE | N/A | -22.6% | -0.6% | 3.6% | 5.2% | 3.6% | 3.6% |
| ROA | -64.0% | -4.6% | -0.1% | 0.6% | 1.0% | 0.7% | 0.6% |
| Cash Flow | |||||||
| Op. Cash Flow | 5.2M | 282M | 728M | 949M | 1000M | 1.3B | 1.3B |
| Free Cash Flow | 4.6M | 276M | 663M | 881M | 935M | 1.2B | 1.2B |
| Owner Earnings | 4.6M | -1.0B | 48M | 326M | 412M | 200M | 200M |
| CapEx | 652K | 5.3M | 66M | 68M | 64M | 58M | 58M |
| Maint. CapEx | 673K | 115M | 259M | 311M | 275M | 382M | 382M |
| Growth CapEx | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| D&A | 673K | 115M | 259M | 311M | 275M | 382M | 382M |
| CapEx/OCF | 12.5% | 1.9% | 9.0% | 7.2% | 6.4% | 4.6% | 4.6% |
| Capital Allocation | |||||||
| Dividends Paid | 0 | 47M | 183M | 248M | 368M | 547M | 547M |
| Dividend Yield | N/A | 0.3% | 1.3% | 1.5% | 1.4% | 3.8% | 7.6% |
| Share Buybacks | 0 | 0 | 79M | 0 | 0 | 54M | 54M |
| Buyback Yield | N/A | N/A | 0.6% | N/A | N/A | 0.5% | 0.7% |
| Stock-Based Comp | 0 | 1.2B | 421M | 313M | 313M | 674M | 674M |
| Debt Repayment | 171M | 578M | 323M | 1.0B | 1.2B | 1.5B | 1.5B |
| Balance Sheet | |||||||
| Net Debt | 333M | 2.3B | 3.1B | 3.2B | 4.9B | 6.3B | 6.5B |
| Cash & Equiv. | 12M | 43M | 68M | 104M | 152M | 195M | 195M |
| Long-Term Debt | 356M | 1.2B | 1.6B | 1.7B | 2.6B | 3.3B | 3.3B |
| Debt/Equity | -0.71 | 1.43 | 2.05 | 2.22 | 2.46 | 3.04 | 3.04 |
| Interest Coverage | -3.5 | -68.5 | -0.8 | 3.3 | 3.8 | 2.1 | 2.1 |
| Equity | -501M | 1.7B | 1.6B | 1.5B | 2.1B | 2.2B | 2.2B |
| Total Assets | 122M | 8.3B | 8.9B | 8.8B | 11.0B | 12.5B | 12.5B |
| Total Liabilities | 616M | 2.4B | 3.3B | 3.5B | 5.2B | 6.4B | 6.4B |
| Intangibles | 0 | 2.6B | 2.4B | 2.1B | 2.9B | 2.9B | 2.9B |
| Retained Earnings | -262K | -498M | -689M | -883M | -1.1B | -1.6B | -1.6B |
| Working Capital | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Per Share Data | |||||||
| EPS | -0.06 | -0.27 | -0.02 | 0.10 | 0.20 | 0.10 | 0.10 |
| Owner EPS | 0.00 | -0.74 | 0.03 | 0.21 | 0.27 | 0.25 | 0.25 |
| Book Value | -0.36 | 1.18 | 1.12 | 0.99 | 1.37 | 2.80 | 2.80 |
| Cash Flow/Share | 0.00 | 0.20 | 0.51 | 0.62 | 0.64 | 1.59 | 0.59 |
| Dividends/Share | 0.00 | 0.13 | 0.43 | 0.55 | 0.68 | 0.86 | 0.69 |
| Shares Out. | 1.4B | 1.4B | 1.4B | 1.5B | 1.6B | 788.3M | 788.3M |
| Valuation | |||||||
| P/E Ratio | N/A | N/A | N/A | 136.4 | 110.7 | 147.4 | 91.7 |
| P/FCF | N/A | 63.5 | 19.1 | 23.8 | 36.8 | 9.7 | 6.0 |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | 39.5 |
| Price/Book | N/A | 10.5 | 7.9 | 13.7 | 16.2 | 5.3 | 3.3 |
| Price/Sales | 49.2 | 18.1 | 10.3 | 9.4 | 11.8 | 5.0 | 2.5 |
| FCF Yield | 0.0% | 1.6% | 5.2% | 4.2% | 2.7% | 10.3% | 16.6% |
| Market Cap | 13.6B | 17.5B | 12.6B | 21.0B | 34.4B | 11.6B | 7.2B |
| Avg. Price | 8.78 | 10.60 | 9.84 | 10.61 | 17.46 | 18.08 | 9.17 |
| Year-End Price | 9.73 | 12.47 | 8.84 | 13.64 | 22.14 | 14.74 | 9.17 |
BLUE OWL CAPITAL INC. passes 3 of 9 quality checks, indicating weak fundamentals.
BLUE OWL CAPITAL INC. trades at 91.7x trailing earnings, compared to its 15-year median P/E of 15.0x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 5.1x vs a median of 23.8x. The company's 5-year average gross margin is 22.6%. Total shareholder yield (dividends + buybacks) is 8.3%. At current prices, the estimated annualized return to fair value is +120.5%.
BLUE OWL CAPITAL INC. (OWL) has a current P/E ratio of 91.7, compared to its historical median P/E of 15.0. The stock is currently considered Expensive based on its historical valuation range.
BLUE OWL CAPITAL INC. (OWL) has a 5-year average return on invested capital (ROIC) of -1.6%. This is below average and may indicate limited pricing power.
BLUE OWL CAPITAL INC. (OWL) has a market capitalization of $7.2B. It is classified as a mid-cap stock.
Yes, BLUE OWL CAPITAL INC. (OWL) pays a dividend with a trailing twelve-month yield of 7.56%. The company also returns capital through share buybacks, with a buyback yield of 0.74%.
Based on historical P/E analysis, BLUE OWL CAPITAL INC. (OWL) appears expensive. The current P/E of 91.7 is 511% above its historical median of 15.0. The estimated fair value CAGR (P/E method) is 54.6%.
BLUE OWL CAPITAL INC. (OWL) operates in the Investment Advice industry, within the Financials sector.
BLUE OWL CAPITAL INC. (OWL) reported annual revenue of $2.9 billion in its most recent fiscal year, based on SEC EDGAR filings.
BLUE OWL CAPITAL INC. (OWL) has a net profit margin of 2.7%. This is a modest margin.
BLUE OWL CAPITAL INC. (OWL) generated $1.2 billion in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
BLUE OWL CAPITAL INC. (OWL) has a debt-to-equity ratio of 3.04. This indicates higher leverage, which may increase financial risk.
BLUE OWL CAPITAL INC. (OWL) reported earnings per share (EPS) of $0.10 in its most recent fiscal year.
BLUE OWL CAPITAL INC. (OWL) has a return on equity (ROE) of 3.6%. This indicates moderate shareholder returns.
BLUE OWL CAPITAL INC. (OWL) has a 5-year average gross margin of 22.6%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 6 years of financial data for BLUE OWL CAPITAL INC. (OWL), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
BLUE OWL CAPITAL INC. (OWL) has a book value per share of $2.80, based on its most recent annual SEC filing.