Blackstone is the world's largest alternative-asset manager with $1.304 trillion in total assets under management, including $937.6 billion in fee-earning assets under management, at the end of March 2026.
It is a $85.8B financial services company. Revenue grew 14.8% over the last year, and it keeps 22¢ of every dollar of sales as profit. It trades at 40.3× earnings.
- Website
- blackstone.com
- Location
- New York, NY
- Employees
- 5 285
- Sector
- Financial Services
- Founded
- 1985
Skills
Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.
Strong profitability, quality and moat; Health lags behind.
Valuation64
- P/E vs own history25th pct · 20/25
- FCF yield6.4% · 20/25
- P/S8.8x · 12/25
- EV/EBITDA20.0x · 12/25
Growth50
- Revenue CAGR-10.6% · 0/25
- Net income CAGR-15.3% · 0/25
- EPS CAGR ~5Y20.9% · 25/25
- Fwd implied growth129.7% · 25/25
Profitability100
- ROIC56.7% · 25/25
- ROE40.9% · 25/25
- Net margin21.8% · 25/25
- Operating margin47.2% · 25/25
Health36
- Altman Z2.42 · 18/25
- Current ratio0.68 · 0/25
- Interest coverage7.1x · 18/25
- Net cash / debtn/a · 0/25
Quality77
- Piotroski F5/9 · 15/25
- Beneish M-3.73 · 25/25
- FCF conversion156% · 25/25
- Margin stabilityσ 10.1% · 12/25
Moat88
- ROIC >12% years7/7 yrs · 25/25
- Median gross margin46.3% · 20/25
- FCF-positive years8/10 yrs · 18/25
- Worst-year net marginworst 17.1% · 25/25
Experience
The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.
- Q3 2026Insiders3 open-market insider purchases~455 shares bought by insiders
- Q2 2026Insiders3 open-market insider purchases~439 shares bought by insiders
- FY2021FinancialRevenue crossed $10B$22.6B for the year
- FY2021FinancialBest year on record$5.86B net income
- FY2018FinancialPositive free cash flow every year since8-year streak
- FY2016FinancialProfitable every year on record10 consecutive profitable years in our data
- FY2016FinancialRevenue already above $1B$5.13B in first reported year
- 2016AcquisitionThe company became Brixmor Property Group and Blackstone sold its remaining interest in the company in August 2016
- 2013Acquisition2GIG was flipped to Nortek Security & Control, LLC for $135 million
- 2009AcquisitionBlackstone acquired Busch Entertainment Corporation from Anheuser-Busch InBev for $2.9 billion
- 2008AcquisitionBlackstone, NBC Universal, and Bain Capital acquired The Weather Channel from Landmark Communications…
- Jun 21, 2007IPOBlackstone became a public company via an initial public offering, selling a 12.3% stake in the…
- 2002AcquisitionBlackstone acquired TRW Automotive in a $4.7 billion buyout, the largest private equity deal announced…
- 1996AcquisitionAlso, in 1996, Blackstone partnered with the Loewen Group, the second-largest funeral home and cemetery operator in…
- 1990ProductBlackstone created a fund of hedge funds business to manage internal assets for Blackstone and its senior…
- 1989AcquisitionBlackstone acquired freight railroad operator CNW Corporation
- 1985FoundedBlackstone was founded in 1985 by Peter G
Achievements
Verifiable track record, straight from the reported numbers.
Strengths & watch-outs
What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.
Strengths
- High gross margin (83.1%)
- Strongly profitable — 21.8% net margin
- Revenue growing 14.8% year over year
- Strong cash conversion — FCF is 34.1% of revenue
- Interest covered 7.1× by operating earnings
Watch-outs
Nothing stands out as a concern in the available data.
Qualifications
The basics a company should meet before you research it further. Each check uses the reported numbers.
- Revenue growing — the company sells more than a year ago+14.8% YoY
- Profitable — makes more than it spends$3.52B TTM
- Profit growing — earnings are higher than last year+17.9% YoY
- Generates cash — cash left after running and investing$5.49B TTM
- Debt under control — could handle its obligationscurrent ratio 0.68
- Established company — not a micro-cap — lower blow-up risk$85.8B market cap
- Not printing shares — share count not ballooning — you keep your slice+11.9% shares over ~5y
- Proven track record — years of profitability behind it10/10 profitable years
- Financially stable — balance sheet not near distressAltman Z 2.4 — grey
- Pays a dividend — returns cash to shareholdersyield 4.50%
- Valuation not extreme — price not wildly above earningsP/E 40.3
Peer comparisonBlackstone Inc. vs 6 largest financial services peers — cap, P/E, growth and margin side by sideOpen ▾Close ▴
| Company | Market cap | P/E | Revenue growth | Net margin | Profile |
|---|---|---|---|---|---|
| BX this company | $85.8B | 40.3 | +14.8% | 21.8% | Solid |
| BRK.A Berkshire Hathaway Inc. | $1.1T | 11.6 | +3.9% | 22.3% | Mixed |
| BRK.B Berkshire Hathaway | $1.1T | 11.6 | +0.0% | 18.0% | Strong |
| JPM JPMorgan Chase & Co. | $886.2B | 13.6 | +13.5% | 32.6% | Strained |
| V VISA Inc. | $723.9B | 31.9 | +14.4% | 50.8% | Solid |
| MA Mastercard Incorporated | $516.4B | 31.7 | +16.0% | 46.3% | Mixed |
| BAC Bank of America Corporation | $380.4B | 11.3 | +15.9% | 27.8% | Mixed |
Head-to-head: BX vs BRK.A · BX vs BRK.B · BX vs JPM
References
What covering analysts publish about the company — information only, not a recommendation.
Appendix · Financial records
The full statements behind this CV, FY2016–FY2025. For readers who want to check the numbers.
Live data and quarterly detail: stockcv.com/BX
Want the live picture — intraday moves, valuation history and full analysis?
Deeper analysis of BX on PreMarketPriceFigures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $114.35 · market cap $85.8B.