BX

Blackstone
D

BX

Arincen87/100B

If you had invested in Blackstone ago, it would be worth $7,584 today, against $4,096 in SPY and $6,368 in QQQ.

ArincenArincen ScoreBeta

87/100

Six parts of the company, five checks each, from its own reported figures. A part scores the checks it passes out of 10; the score is their average out of 100.

Profitability8

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Cash10

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Valuation10

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Growth10

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Financial strength10

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Shareholders4

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Figures to FY2025; the price as of today.

Blackstone key facts

Style
Growth stock · 6.9/10Growth 6.9 · Value 6.4 · Dividend 5.6
Day range
117.820 – 120.580
52-week range
101.730 – 165.140
Market capitalization
89.46B USD
P/E
26.29
PEG ratio
1.14
EPS
4.53
Div Yield
3.76%
EPS growth forecast (FY2026)
+5.1%
Volume
19,410
Beta
1.53
ESG score
59.5/100Environment 55 · Social 68 · Governance 55
Sector
Financial Services
Industry
Asset Management
CEO
Stephen Allen Schwarzman
Employees
5K
IPO date
22 Jun 2007

Blackstone earnings

Next earnings · Q4 FY2026
EPS estimate
1.71 USD
Revenue estimate
4.26B USD
Last quarter · Q3 FY2026
EPS1.32Beat +4.8%Revenue3.22BMissed -1.6%

Revenue

ReportedEstimate

EPS

ReportedEstimate
PeriodReport dateEPS estimateReported EPSSurpriseEPS growthRevenue estimateReported revenueSurpriseRevenue growth
Q3 FY20271.69——+28.10%4.30B——+33.68%
Q2 FY20271.61——+6.00%4.08B——+7.26%
Q1 FY20271.54——+13.15%3.86B——+12.30%
Q4 FY20261.71——-2.29%4.26B——+8.24%
Q3 FY20261.261.32+4.76%-13.16%3.27B3.22B-1.63%+14.38%
Q2 FY20261.341.52+13.43%+25.62%3.42B3.80B+11.12%+2.43%
Q1 FY20261.341.36+1.49%+24.77%3.41B3.43B+0.73%+16.60%
Q4 FY20251.541.75+13.64%+3.55%3.68B3.94B+7.07%+40.00%
Q3 FY20251.231.52+23.58%+50.50%3.11B2.81B-9.60%-22.92%
Q2 FY20251.101.21+10.00%+26.04%2.79B3.71B+33.25%+39.12%

Analysts' estimates for FY2026 over the last 7 days:EPS Revenue How the estimates moved

Blackstone analyst forecast

12-month price target
143.45 USD
+20.45%

Analysts' 1-year price targets range from 118.00 to 169.00, with an average of 143.45.

Past year
1-year forecast
Strong sellStrong buy
Buy
13 ratings
Buy
8
Hold
5
Sell
0

12-month price target

Highest target169.00
Average target143.45
Lowest target118.00
Current price119.10

Blackstone valuation

Price to earnings ratio (TTM)
26.29
Forward P/E (FY2026)
20.35
Price to sales (TTM)
5.49
Price to book
10.12
EV / EBITDA (TTM)
11.64

Capital structure

Market capitalization
89.46B USD
+
Total debt
14.19B USD
−
Cash and short-term investments
3.21B USD
=
Enterprise value
100.45B USD

Valuation over time

P/EForward P/EForward P/E · EstimateEstimate
Fiscal yearP/EForward P/EP/SP/BEV/EBITDA
FY2028 (est.)15.17————
FY2027 (est.)16.3415.17———
FY2026 (est.)20.3516.34———
Now (TTM)26.2916.775.4910.1211.64
FY202539.7326.348.7013.8927.06
FY202447.6332.1811.6216.0932.79
FY202371.1529.6213.2914.5053.69
FY202231.4419.467.387.1826.46
FY202115.9025.595.539.8810.96

Blackstone against its own history

Each figure in the latest fiscal year against the same figure from FY2021 to FY2025: the range, its median (the line) and the latest (the dot, green on the good side of the median). The P/E is today's against its daily readings of five years.

Its peers: BlackRock, KKR & Co., Brookfield Asset Management, Apollo Global Management, State Street, and Ameriprise Financial, the US Asset Management companies closest to it in size, each in its own latest fiscal year: their median (the line) and its rank among them, first being the best.

  • P/E (today)Below its median26.3
    12.4130.2
  • Gross marginLowest in 5 years86.0%
    86.0%98.8%
    Against its peers: 2 of 7Peers' median 55.9%
  • Operating marginAt its median51.9%
    39.8%80.5%
    Against its peers: 2 of 7Peers' median 25.7%
  • Net marginBelow its median21.8%
    18.7%34.8%
    Against its peers: 3 of 7Peers' median 15.9%
  • Return on equityAbove its median34.8%
    20.4%62.2%
    Against its peers: 2 of 7Peers' median 12.8%
  • Free cash flow marginAt its median32.9%
    23.3%81.9%
    Against its peers: 3 of 7Peers' median 21.1%
  • Revenue growthAt its median21.6%
    -55.8%212.1%
    Against its peers: 2 of 7Peers' median 10.5%
  • EPS growthAt its median7.2%
    -71.0%442.0%
    Against its peers: 4 of 7Peers' median -3.0%
  • Debt to EBITDABelow its median1.84×
    0.64×4.10×
    Against its peers: 4 of 7Peers' median 1.71×
  • Current ratioBelow its median0.91
    0.772.09
    Against its peers: 5 of 7Peers' median 8.59

Peers: US companies of the same industry (of its sector when the industry has too few) from a tenth to ten times its market value, the six closest in size. Updated weekly.

Blackstone growth and profitability

Revenue (TTM)
16.29B USD
Net income (TTM)
3.56B USD
Gross margin
89.70%
Operating margin
52.04%
Net margin
21.83%

Revenue / Net income

Revenue Net income Net margin
PeriodRevenueGrowthNet incomeGrowthGross marginOperating marginNet marginEBITDAGrowth
FY202513.83B+21.58%3.02B+8.74%86.05%51.91%21.83%7.21B+11.07%
FY202411.37B+52.91%2.78B+99.62%96.10%56.79%24.41%6.50B+116.67%
FY20237.44B-0.15%1.39B-20.41%94.19%39.76%18.70%3.00B-15.05%
FY20227.45B-55.79%1.75B-70.16%95.74%46.47%23.46%3.53B-74.12%
FY202116.85B+212.09%5.86B+460.32%98.82%80.47%34.76%13.63B+407.12%

Blackstone revenue breakdown

By product

FY2025
Private Equity: 77.3%Real Estate: 22.7%77.3%Private Equity22.7%Real Estate
SegmentRevenueShare of revenueChange on the year
Private Equity1.67B77.3%+19.9%
Real Estate489.65M22.7%+140.7%

How Blackstone makes its money

Revenue13.83B 100.0%
Cost of revenue1.93B 14.0%
Gross profit11.90B 86.0%
Selling and administration1.55B 11.2%
Other operating expenses3.17B 23.0%
Operating income7.18B 51.9%
Tax1.13B 8.1%
Other expense3.03B 21.9%
Net income3.02B 21.8%

FY2025, in USD. Each band is as wide as its money; the percentage is its share of revenue.

Blackstone dividends

Annual dividend
4.48 USD
Dividend yield (indicated)
3.76%
Payout ratio
111.70%
Years of dividend growth
3
Frequency
Quarterly
Last payment
1.12 USD
Last ex-dividend date
2 Nov 2026
Last payment date
9 Nov 2026

Dividends per share

Year2025202420232022202120202019201820172016
Dividends per share4.693.453.325.012.611.371.922.422.321.66

Blackstone financial health

Cash and short-term investments
3.21B USD
Total debt
14.19B USD
Net cash
-10.99B USD
Free cash flow (TTM)
5.83B USD
Current ratio
1.23
Debt to equity
1.61
Piotroski score
7 / 9
Altman Z-score
3.83

Cash, debt and free cash flow

Cash and short-term investments Total debt Free cash flow
Fiscal yearCash and short-term investmentsTotal debtFree cash flow
FY20252.63B13.31B4.55B
FY20241.97B12.29B3.42B
FY20232.96B12.29B3.83B
FY20224.25B13.37B6.10B
FY20212.12B8.71B3.92B

Blackstone ownership

Institutions
71.85%
Institutional holders
2,259 (+25)
Free float
99.31%

Who owns the shares

Institutions 71.8% Others 28.2%
As of 30 Jun 2026

Shares free to trade

Free float 745.96M shares ·99.3% Closely held 5.15M shares ·0.7%

Closely held shares belong to insiders, founders and owners of more than 5%, and seldom change hands. The free float is the rest: the shares anyone can buy and sell.

Insider trading

QuarterPurchasesSalesShares acquiredShares disposed of
Q4 2026002.00K2.00K
Q3 2026371.96K186.00K
Q2 202632889.39K30.01K
Q1 202630238.99K48.79K

Shares outstanding

Basic shares Diluted shares Change in diluted shares
Fiscal yearBasic sharesDiluted sharesChange in diluted shares
FY2025780.92M780.92M+1.86%
FY2024766.49M766.65M+1.49%
FY2023755.20M755.42M+1.95%
FY2022740.66M740.94M+2.89%
FY2021719.77M720.13M+3.28%

Source: Financial Modeling Prep

Related Instruments

Title: Blackstone

Sector: Financial Services
Industry: Asset Management
Blackstone Inc. is a New York City-based American investment management firm. It functions through the following segments: Private Equity, Real Estate, Hedge Fund Solutions and Credit. The company’s flagship private equity business has been one of the prolific investors in leveraged buyouts in the last 30 years, while its real estate division has been active and highly successful in acquiring commercial real estate. The company also has extensive interests in credit, hedge funds, insurance and growth equity solutions. Blackstone was founded in 1985 as a mergers and acquisitions firm by Peter G. Peterson and Stephen A. Schwarzman.

Common questions about Blackstone stock