Blackstone Inc.
BX· NYSE· Investment Advice
- Market cap
- –
- P/FCF
- –
- EV/Sales
- –
- FCF margin
- 31.5%
- ROIC, 5 yr avg
- –
- Revenue, 5 yr CAGR
- +18.8%
We record prices for the companies we cover; BX is not one of them yet.
Company statistics
Profile · FY2025
- Market cap
- –
- Enterprise value
- –
- Diluted shares
- 780.2M
- Revenue
- $14.5B
- Free cash flow
- $4.5B
- Owner earnings
- $3.1B
Valuation · FY2025
- P/E
- –
- P/FCF
- –
- P/Owner earnings
- –
- EV/Sales
- –
- EV/FCF
- –
- P/B
- –
Margins · FY2025
- Gross
- –
- Operating
- –
- Net
- 20.9%
- Free cash flow
- 31.5%
- Owner earnings
- 21.5%
- Stock pay
- 10.0%
Returns
- ROIC, FY2025
- –
- ROIC, 5 yr avg
- –
- ROE, FY2025
- 34.8%
- ROE, 5 yr avg
- 34.8%
Growth (CAGR)
- Revenue, 3 yr
- 19.3%
- Revenue, 5 yr
- 18.8%
- Revenue, 9 yr
- 12.2%
- Diluted EPS, 3 yr
- 17.9%
- Diluted EPS, 5 yr
- 20.9%
- Diluted EPS, 9 yr
- 10.6%
- Free cash flow, 3 yr
- -9.3%
- Free cash flow, 5 yr
- 20.0%
- Free cash flow, 9 yr
- –
Financial health · FY2025
- Cash and investments
- $2.6B
- Total debt
- $12.6B
- Net debt
- $9.9B
- Debt/Equity
- 1.5x
- Debt/FCF
- 2.8x
Shareholder returns · FY2025
- Dividend yield
- –
- Payout ratio
- 199.2%
- Buyback yield
- –
- Shareholder yield
- –
- Share count, 5 yr
- 2.3%
Financials: ten years from the 10-Ks
Revenue
$14.5B
+12.2% a year over 9 years
FY2016FY2025
Margins
20.9%
FY2025
FY2016FY2025
Free cash flow and owner earnings
Free cash flow$4.5BOwner earnings$3.1B
FY2025
FY2016FY2025
Diluted shares
780.2M
-34.7% over 9 years, net buybacks
FY2016FY2025
Net debt (below zero)
-$9.9B
$9.9B more debt than cash
FY2016FY2025
Every figure, year by year
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| The business | ||||||||||
| Revenue | $5.1B | $7.1B | $6.8B | $7.3B | $6.1B | $22.6B | $8.5B | $8.0B | $13.2B | $14.5B |
| Revenue growth | 10.8% | 38.8% | -4.4% | 7.4% | -16.8% | 270.0% | -62.3% | -5.8% | 64.9% | 9.2% |
| Gross margin | – | – | – | – | – | – | – | – | – | – |
| Operating margin | – | – | – | – | – | – | – | – | – | – |
| Net income | $1.0B | $1.5B | $1.5B | $2.0B | $1.0B | $5.9B | $1.7B | $1.4B | $2.8B | $3.0B |
| Net margin | 20.2% | 20.6% | 22.6% | 27.9% | 17.1% | 25.9% | 20.5% | 17.3% | 21.0% | 20.9% |
| Diluted EPS | $1.56 | $2.21 | $2.26 | $3.03 | $1.50 | $8.13 | $2.36 | $1.84 | $3.62 | $3.87 |
| Return on invested capital? | – | – | – | – | – | – | – | – | – | – |
| Cash | ||||||||||
| Operating cash flow | -$88.6M | -$1.6B | $45.7M | $2.0B | $1.9B | $4.0B | $6.3B | $4.1B | $3.5B | $4.7B |
| Capital expenditure | $21.8M | $24.3M | $18.4M | $60.3M | $111.7M | $64.3M | $235.5M | $224.2M | $61.4M | $115.7M |
| Free cash flow | -$110.4M | -$1.7B | $27.4M | $1.9B | $1.8B | $3.9B | $6.1B | $3.8B | $3.4B | $4.5B |
| Stock-based compensation | $323.7M | $338.7M | $366.9M | $417.1M | $438.3M | $637.4M | $846.3M | $987.5M | $1.2B | $1.4B |
| Owner earnings? | -$434.1M | -$2.0B | -$339.6M | $1.5B | $1.4B | $3.3B | $5.3B | $2.8B | $2.3B | $3.1B |
| Free cash flow per share | $-0.09 | $-2.48 | $0.02 | $2.81 | $2.62 | $5.45 | $8.23 | $5.07 | $4.46 | $5.83 |
| Capital allocation | ||||||||||
| Dividends paid | – | $2.8B | $3.0B | $2.4B | $2.4B | $4.6B | $6.5B | $4.3B | $4.4B | $6.0B |
| Share repurchases | – | – | – | – | – | – | – | – | – | – |
| Diluted shares | 1.20B | 666.2M | 1.21B | 676.2M | 697.3M | 720.1M | 740.9M | 755.4M | 766.6M | 780.2M |
| Share count change? | 0.6% | -44.3% | 81.2% | -44.0% | 3.1% | 3.3% | 2.9% | 2.0% | 1.5% | 1.8% |
| Balance sheet | ||||||||||
| Cash and equivalents | $1.8B | $2.0B | $2.2B | $2.2B | $2.0B | $2.1B | $4.3B | $3.0B | $2.0B | $2.6B |
| Short-term investments | – | – | – | – | – | – | – | – | – | – |
| Total debt | $8.9B | $15.2B | $10.4B | $11.5B | $5.7B | $7.9B | $12.5B | $11.6B | $11.5B | $12.6B |
| Net debt | $7.1B | $13.2B | $8.2B | $9.4B | $3.7B | $5.7B | $8.2B | $8.7B | $9.5B | $9.9B |
| Shareholders' equity | – | – | $6.4B | $7.0B | $6.7B | $9.4B | $7.7B | $6.8B | $8.2B | $8.7B |
Latest filings
| 2026-10-22 | 8-K | Earnings release |
| 2026-08-07 | 10-Q | Quarterly report |
| 2026-07-23 | 8-K | Earnings release |
| 2026-05-08 | 10-Q | Quarterly report |
| 2026-04-23 | 8-K | Earnings release |
| 2026-02-27 | 10-K | Annual report |
| 2026-01-29 | 8-K | Earnings release |
| 2025-11-07 | 10-Q | Quarterly report |
| 2025-10-23 | 8-K | Earnings release |
| 2025-08-08 | 10-Q | Quarterly report |
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