What is Blackstone Inc.'s earnings per share (EPS)?

Blackstone Inc. (BX) reported diluted earnings per share of $3.87 for fiscal year 2025. This represents a 6.9% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Blackstone Inc. (BX) Financials

Trailing 12 months to June 30, 2026

Revenue $16.1B +17.2% YoY

Net Income $3.5B +22.9% YoY

EPS (Diluted) $4.47 +20.5% YoY

Free Cash Flow $5.5B +67.2% YoY

Market Cap $131.9B as of Oct 20, 2026

Price / Sales 8.2x on $16.1B revenue, trailing 12 months to June 30, 2026

Price / Earnings 37.5x on $3.5B net income, trailing 12 months to June 30, 2026

Price / Book 14.6x on $9.0B equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 20, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Aug 7, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Aug 7, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the BX SEC filings page.

Blackstone Inc. (BX) reported $16.1B in revenue over the twelve months to Jun 30, 2026, up 17.2% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI BX FY2025 2026-10-03

Blackstone's reported results behave like an investment platform: asset values, earnings, and distributions can move sharply rather than following a steady operating-sales pattern.

2025 distributions exceeded both reported profit and free cash flow: dividends were $6.0B against net income of $3.0B and free cash flow of $4.5B. That combination means shareholder payments cannot be read simply as a fixed portion of that year's accounting earnings; they reflect broader capital-allocation decisions alongside reported results.

The balance sheet expanded with liabilities doing much of the financing work. From FY2023 to FY2025, total assets rose from $40.3B to $47.7B, while total liabilities increased from $33.5B to $39.0B; equity also grew, but less rapidly than the liability base.

Reported earnings are notably uneven across periods: revenue moved from $22.6B in FY2021 to $8.5B in FY2022, then recovered to $14.5B by FY2025, while net income followed a similar pattern. This volatility makes annual results more informative as snapshots of investment-related outcomes than as a smooth measure of recurring sales.

Financial Health Signals

Financial health score not available

Blackstone Inc. does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Piotroski F-Score Partial

4/7

Blackstone Inc. passes 4 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed

1.54x

For every $1 of reported earnings, Blackstone Inc. generates $1.54 in operating cash flow ($4.7B OCF vs $3.0B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

$5.0B

YoY+35.9%

QoQ+39.4%

5Y CAGR-1.0%

Blackstone Inc. generated $5.0B in revenue in Q2 2026. This represents an increase of 35.9% from the same quarter a year earlier. Against the prior quarter it is up 39.4%.

Net Income

$1.2B

YoY+60.8%

QoQ+89.2%

5Y CAGR-1.3%

10Y CAGR+20.0%

Blackstone Inc. reported $1.2B in net income in Q2 2026. This represents an increase of 60.8% from the same quarter a year earlier. Against the prior quarter it is up 89.2%.

EPS (Diluted)

$1.54

YoY+57.1%

QoQ+85.5%

5Y CAGR-3.3%

10Y CAGR+17.8%

Blackstone Inc. earned $1.54 per diluted share (EPS) in Q2 2026. This represents an increase of 57.1% from the same quarter a year earlier. Against the prior quarter it is up 85.5%.

EBITDA

Not reported for Q2 2026.

Cash & Balance Sheet

Free Cash Flow

$1.9B

YoY+125.1%

QoQ+99.4%

5Y CAGR+16.6%

10Y CAGR+57.4%

Blackstone Inc. generated $1.9B in free cash flow in Q2 2026, representing cash available after capex. This represents an increase of 125.1% from the same quarter a year earlier. Against the prior quarter it is up 99.4%.

Cash & Debt

$2.5B

YoY+12.1%

QoQ+2.4%

5Y CAGR+0.3%

10Y CAGR+5.3%

Blackstone Inc. held $2.5B in cash against $13.3B in long-term debt as of Q2 2026.

Dividends Per Share

$1.16

YoY+24.7%

QoQ-22.1%

5Y CAGR+7.2%

10Y CAGR+15.3%

Blackstone Inc. paid $1.16 per share in dividends in Q2 2026. This represents an increase of 24.7% from the same quarter a year earlier. Against the prior quarter it is down 22.1%.

Shares Outstanding

751M

YoY+1.8%

QoQ+1.0%

5Y CAGR+1.8%

Blackstone Inc. had 751M shares outstanding in Q2 2026. This represents an increase of 1.8% from the same quarter a year earlier. Against the prior quarter it is up 1.0%.

Margins & Returns

Net Margin

24.4%

YoY+3.8pp

QoQ+6.4pp

5Y change-0.4pp

Blackstone Inc.'s net profit margin was 24.4% in Q2 2026, showing the share of revenue converted to profit. This is up 3.8 percentage points from the same quarter a year earlier. Against the prior quarter it is up 6.4 percentage points.

Return on Equity

13.6%

YoY+4.5pp

QoQ+5.9pp

5Y change-1.9pp

10Y change+12.0pp

Blackstone Inc.'s ROE was 13.6% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 4.5 percentage points from the same quarter a year earlier. Against the prior quarter it is up 5.9 percentage points.

Gross Margin

Not reported for Q2 2026.

Operating Margin

Not reported for Q2 2026.

Capital Allocation

Capital Expenditures

$32.0M

YoY-20.4%

QoQ-4.3%

5Y CAGR+17.8%

10Y CAGR+17.8%

Blackstone Inc. invested $32.0M in capex in Q2 2026, funding long-term assets and infrastructure. This represents a decrease of 20.4% from the same quarter a year earlier. Against the prior quarter it is down 4.3%.

R&D Spending

Not reported for Q2 2026.

Share Buybacks

Not reported for Q2 2026.

BX Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

BX quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$16.1B	$14.5B+9.2%	$13.2B+64.9%	$8.0B-5.8%	$8.5B-62.3%	$22.6B+270.0%	$6.1B-16.8%	$7.3B+7.4%	$6.8B-4.4%	$7.1B+38.8%	$5.1B+10.8%	$4.6B-37.9%	$7.5B+13.2%	$6.6B+64.5%	$4.0B+23.6%	$3.3B
SG&A Expenses	$1.6B	$1.5B+11.9%	$1.4B+21.9%	$1.1B+2.3%	$1.1B+19.0%	$917.8M+29.0%	$711.8M+4.8%	$679.4M+14.2%	$594.9M+21.8%	$488.6M-9.8%	$541.6M-6.0%	$576.1M+4.8%	$549.5M+15.8%	$474.4M-13.5%	$548.7M-3.1%	$566.3M
Interest Expense	$536.5M	$508.3M+14.6%	$443.7M+2.7%	$431.9M+36.1%	$317.2M+60.0%	$198.3M+19.3%	$166.2M-16.8%	$199.6M+21.7%	$164.0M-17.0%	$197.5M+29.4%	$152.7M+5.6%	$144.5M+18.9%	$121.5M+12.6%	$108.0M+48.2%	$72.9M+26.0%	$57.8M
Income Tax	$1.2B	$1.1B+10.1%	$1.0B+99.0%	$513.5M+8.6%	$472.9M-60.1%	$1.2B+232.7%	$356.0M+842.4%	-$48.0M-119.2%	$249.4M-66.4%	$743.1M+461.5%	$132.4M-30.5%	$190.4M-34.6%	$291.2M+13.9%	$255.6M+38.2%	$185.0M-46.5%	$345.7M
Net Income	$3.5B	$3.0B+8.7%	$2.8B+99.6%	$1.4B-20.4%	$1.7B-70.2%	$5.9B+460.3%	$1.0B-49.0%	$2.0B+32.9%	$1.5B+4.8%	$1.5B+41.6%	$1.0B+46.4%	$709.8M-55.2%	$1.6B+35.3%	$1.2B+435.8%	$218.6M+229.9%	-$168.3M
EPS (Basic)	N/A	$3.87+6.9%	$3.62+96.7%	$1.84-22.0%	$2.36-71.0%	$8.14+442.7%	$1.50-50.5%	$3.03+33.5%	$2.27+2.7%	$2.21+38.1%	$1.60+42.9%	$1.12-56.9%	$2.60+30.0%	$2.00+387.8%	$0.41+217.1%	-$0.35
EPS (Diluted)	$4.47	$3.87+6.9%	$3.62+96.7%	$1.84-22.0%	$2.36-71.0%	$8.13+442.0%	$1.50-50.5%	$3.03+34.1%	$2.26+2.3%	$2.21+41.7%	$1.56+50.0%	$1.04-59.7%	$2.58+30.3%	$1.98+382.9%	$0.41+217.1%	-$0.35
Diluted Shares (Avg)	N/A	780M+1.8%	767M+1.5%	755M+2.0%	741M+2.9%	720M+3.3%	697M+3.1%	676M-44.0%	1.21B+81.2%	666M-44.3%	1.20B+0.6%	1.19B+93.8%	613M+3.8%	591M+9.6%	539M+13.3%	476M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Revenue	$5.0B+35.9%	$3.6B+10.0%	$4.4B+41.4%	$3.1B-15.7%	$3.7B+32.7%	$3.3B-10.8%	$3.1B+139.9%	$3.7B+44.1%
SG&A Expenses	$409.1M+13.4%	$372.8M+12.2%	$447.8M+32.1%	$383.6M+12.5%	$360.8M+15.7%	$332.4M-10.2%	$339.1M+17.1%	$340.9M+22.1%
Interest Expense	$145.0M+6.8%	$137.1M+16.0%	$128.1M+10.9%	$126.3M+13.4%	$135.8M+25.0%	$118.1M+9.2%	$115.5M+6.3%	$111.3M+0.7%
Income Tax	$452.4M+56.3%	$197.2M-19.1%	$382.0M+64.4%	$209.7M-14.5%	$289.5M+11.2%	$243.8M-14.0%	$232.5M+405.8%	$245.3M+24.8%
Net Income	$1.2B+60.8%	$649.7M+5.7%	$1.0B+44.2%	$624.9M-20.0%	$764.2M+72.0%	$614.9M-27.4%	$703.9M+363.7%	$780.8M+41.5%
EPS (Basic)	$1.54+57.1%	$0.83+3.7%	$1.30+42.9%	$0.80-21.6%	$0.98+69.0%	$0.80-28.6%	$0.91+355.0%	$1.02+39.7%
EPS (Diluted)	$1.54+57.1%	$0.83+3.7%	$1.30+42.9%	$0.80-21.6%	$0.98+69.0%	$0.80-27.9%	$0.91+355.0%	$1.02+39.7%
Diluted Shares (Avg)	800M+2.2%	786M+1.8%	N/A	783M+1.9%	782M+1.7%	772M+1.6%	N/A	768M+1.4%

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Operating Income, EBITDA.

BX Balance Sheet

BX quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$47.7B+9.8%	$43.5B+7.9%	$40.3B-5.3%	$42.5B+3.2%	$41.2B+56.8%	$26.3B-19.4%	$32.6B+12.7%	$28.9B-16.0%	$34.4B+30.3%	$26.4B+17.2%	$22.5B-28.5%	$31.5B+6.1%	$29.7B+2.6%	$28.9B+32.1%	$21.9B
Cash & Equivalents	$2.6B+33.4%	$2.0B-33.3%	$3.0B-30.5%	$4.3B+100.6%	$2.1B+6.0%	$2.0B-8.0%	$2.2B-1.6%	$2.2B+10.8%	$2.0B+8.4%	$1.8B0.0%	$1.8B+30.1%	$1.4B+69.8%	$832.0M+17.3%	$709.5M-6.0%	$754.7M
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Accounts Receivable	$291.8M+22.6%	$237.9M+23.0%	$193.4M-58.2%	$462.9M-27.3%	$636.6M-26.5%	$866.2M-11.2%	$975.1M+53.3%	$636.2M-27.3%	$875.0M+13.2%	$772.7M+26.0%	$613.2M+9.6%	$559.3M-37.0%	$888.4M+39.2%	$638.2M+57.1%	$406.1M
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$1.9B0.0%	$1.9B0.0%	$1.9B0.0%	$1.9B0.0%	$1.9B-0.6%	$1.9B+1.7%	$1.9B0.0%	$1.9B+5.2%	$1.8B+3.5%	$1.7B0.0%	$1.7B-3.9%	$1.8B0.0%	$1.8B+4.9%	$1.7B0.0%	$1.7B
Total Liabilities	$39.0B+10.7%	$35.3B+5.3%	$33.5B-4.0%	$34.9B+9.7%	$31.8B+62.0%	$19.6B-23.3%	$25.6B+13.4%	$22.5B+9.0%	$20.7B+49.0%	$13.9B+34.9%	$10.3B-27.3%	$14.2B-7.4%	$15.3B-13.6%	$17.7B+40.0%	$12.7B
Long-Term Debt	$12.6B+9.7%	$11.5B-1.3%	$11.6B-7.1%	$12.5B+59.0%	$7.9B+37.0%	$5.7B-50.3%	$11.5B+11.0%	$10.4B-31.5%	$15.2B+69.6%	$8.9B+32.8%	$6.7B-29.0%	$9.5B	N/A	N/A	N/A
Total Equity	$8.7B+5.5%	$8.2B+20.5%	$6.8B-11.0%	$7.7B-18.8%	$9.4B+41.7%	$6.7B-5.1%	$7.0B+9.9%	$6.4B-53.5%	$13.7B+9.7%	$12.5B+2.3%	$12.2B-29.4%	$17.3B+20.6%	$14.4B+28.2%	$11.2B+21.2%	$9.3B
Retained Earnings	$191.6M-76.3%	$808.1M+22.3%	$660.7M-62.2%	$1.7B-52.1%	$3.6B+986.4%	$335.8M-44.9%	$609.6M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Total Assets	$49.9B+10.0%	$48.3B+6.8%	$47.7B+9.8%	$46.6B+9.3%	$45.4B+11.8%	$45.3B+14.0%	$43.5B+7.9%	$42.6B+2.2%
Cash & Equivalents	$2.5B+12.1%	$2.4B+2.6%	$2.6B+33.4%	$2.4B+3.3%	$2.2B-6.1%	$2.4B-4.7%	$2.0B-33.3%	$2.4B-20.8%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Accounts Receivable	$692.1M+93.4%	$572.8M+159.0%	$291.8M+22.6%	$543.2M+81.1%	$357.9M+44.6%	$221.2M+11.0%	$237.9M+23.0%	$300.0M-56.8%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$1.9B0.0%	$1.9B0.0%	$1.9B0.0%	$1.9B0.0%	$1.9B0.0%	$1.9B0.0%	$1.9B0.0%	$1.9B0.0%
Total Liabilities	$40.9B+10.4%	$40.0B+7.2%	$39.0B+10.7%	$38.2B+7.3%	$37.0B+9.7%	$37.3B+13.8%	$35.3B+5.3%	$35.6B+3.0%
Long-Term Debt	$13.3B+9.7%	$13.4B+6.6%	$12.6B+9.7%	$12.1B+11.4%	$12.1B+12.1%	$12.6B+15.7%	$11.5B-1.3%	$10.9B-11.8%
Total Equity	$9.0B+7.9%	$8.4B+4.9%	$8.7B+5.5%	$8.4B+19.8%	$8.4B+22.2%	$8.0B+14.7%	$8.2B+20.5%	$7.0B-1.8%
Retained Earnings	-$18.6M-105.1%	-$323.7M-201.1%	$191.6M-76.3%	$184.0M-75.8%	$362.6M-40.3%	$320.2M-59.8%	$808.1M+22.3%	$760.5M-31.7%

Not reported in any period shown, so not listed: Current Assets, Inventory, Current Liabilities, Non-Current Liabilities.

BX Cash Flow Statement

BX quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	$5.6B	$4.7B+33.9%	$3.5B-14.2%	$4.1B-36.0%	$6.3B+59.0%	$4.0B+105.9%	$1.9B-1.4%	$2.0B+4191.7%	$45.7M+102.8%	-$1.6B-1735.8%	-$88.6M-103.7%	$2.4B+44.8%	$1.7B-53.4%	$3.5B+508.4%	$583.2M-47.0%	$1.1B
Depreciation & Amortization	N/A	$134.0M-0.6%	$134.8M+0.4%	$134.2M-1.6%	$136.3M+7.3%	$127.1M+19.7%	$106.2M+9.1%	$97.3M+17.3%	$82.9M+15.2%	$72.0M-37.4%	$114.9M-9.8%	$127.4M-2.4%	$130.5M+1.0%	$129.3M-25.4%	$173.2M-27.6%	$239.2M
Stock-Based Compensation	N/A	$1.4B+23.7%	$1.2B+18.3%	$987.5M+16.7%	$846.3M+32.8%	$637.4M+45.4%	$438.3M+5.1%	$417.1M+13.7%	$366.9M+8.3%	$338.7M+4.6%	$323.7M-48.6%	$629.6M-14.3%	$734.7M-14.1%	$855.1M-10.0%	$949.6M-32.0%	$1.4B
Capital Expenditures	$111.7M	$115.7M+88.4%	$61.4M-72.6%	$224.2M-4.8%	$235.5M+266.2%	$64.3M-42.4%	$111.7M+85.2%	$60.3M+228.0%	$18.4M-24.5%	$24.3M+11.6%	$21.8M-63.2%	$59.2M+95.7%	$30.3M+18.1%	$25.6M-30.7%	$37.0M+1.5%	$36.5M
Free Cash Flow	$5.5B	$4.5B+33.0%	$3.4B-10.8%	$3.8B-37.2%	$6.1B+55.6%	$3.9B+115.0%	$1.8B-4.1%	$1.9B+6853.5%	$27.4M+101.7%	-$1.7B-1395.0%	-$110.4M-104.7%	$2.3B+43.9%	$1.6B-53.9%	$3.5B+545.0%	$546.1M-48.6%	$1.1B
Investing Cash Flow	-$111.7M	-$115.7M-88.4%	-$61.4M+73.3%	-$229.7M+2.5%	-$235.5M-266.2%	-$64.3M+61.4%	-$166.8M-176.7%	-$60.3M+48.3%	-$116.6M+39.7%	-$193.3M-785.5%	-$21.8M	N/A	N/A	-$165.9M+25.6%	-$223.0M-272.3%	-$59.9M
Financing Cash Flow	-$5.2B	-$3.9B+13.8%	-$4.5B+10.9%	-$5.1B-33.2%	-$3.8B-0.5%	-$3.8B-68.3%	-$2.2B-16.8%	-$1.9B-44.4%	-$1.3B-148.0%	$2.8B+386.1%	$570.2M	N/A	N/A	-$3.3B-704.0%	-$405.4M+53.6%	-$873.5M
Dividends Paid	$6.4B	$6.0B+35.9%	$4.4B+3.6%	$4.3B-34.5%	$6.5B+41.6%	$4.6B+92.9%	$2.4B-0.5%	$2.4B-21.3%	$3.0B+7.2%	$2.8B	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Cash Flow	$1.9B+118.5%	$991.0M-10.7%	$1.1B+561.6%	$1.6B+30.8%	$888.5M-23.3%	$1.1B+18.0%	$161.4M-82.0%	$1.2B+12.8%
Stock-Based Compensation	$354.6M+13.5%	$560.9M+19.1%	N/A	$303.3M+14.8%	$312.4M+3.8%	$471.1M+46.9%	N/A	$264.2M+1.6%
Capital Expenditures	$32.0M-20.4%	$33.4M+14.1%	$22.4M+88.0%	$23.9M+23.4%	$40.1M+224.3%	$29.3M+64.9%	$11.9M-62.1%	$19.4M-69.1%
Free Cash Flow	$1.9B+125.1%	$957.6M-11.3%	$1.0B+599.2%	$1.6B+30.9%	$848.4M-26.0%	$1.1B+17.1%	$149.5M-82.7%	$1.2B+17.9%
Investing Cash Flow	-$32.0M+20.4%	-$33.4M-14.1%	-$22.4M-88.0%	-$23.9M-23.4%	-$40.1M-224.3%	-$29.3M-64.9%	-$11.9M+62.1%	-$19.4M+69.1%
Financing Cash Flow	-$1.8B-7.8%	-$1.1B-885.7%	-$1.0B-108.1%	-$1.3B-0.6%	-$1.7B-40.7%	$139.2M+109.2%	-$489.9M+31.2%	-$1.3B+8.7%
Dividends Paid	$1.5B+25.8%	$1.9B+3.2%	$1.6B+46.8%	$1.3B+25.3%	$1.2B+11.7%	$1.9B+58.0%	$1.1B+4.7%	$1.1B+3.1%

Not reported in any period shown, so not listed: Depreciation & Amortization, Share Buybacks.

BX Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

BX quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Net Margin	20.9%-0.1pp	21.0%+3.7pp	17.3%-3.2pp	20.5%-5.4pp	25.9%+8.8pp	17.1%-10.8pp	27.9%+5.4pp	22.6%+2.0pp	20.6%+0.4pp	20.2%+4.9pp	15.3%-5.9pp	21.2%+3.5pp	17.7%+12.3pp	5.4%+10.6pp	-5.2%
Return on Equity	34.8%+1.0pp	33.8%+13.4pp	20.4%-2.4pp	22.8%-39.3pp	62.2%+46.5pp	15.7%-13.5pp	29.2%+5.1pp	24.2%+13.5pp	10.7%+2.4pp	8.3%+2.5pp	5.8%-3.3pp	9.1%+1.0pp	8.2%+6.2pp	1.9%+3.8pp	-1.8%
Return on Assets	6.3%-0.1pp	6.4%+2.9pp	3.5%-0.7pp	4.1%-10.1pp	14.2%+10.2pp	4.0%-2.3pp	6.3%+1.0pp	5.3%+1.1pp	4.3%+0.3pp	3.9%+0.8pp	3.1%-1.9pp	5.0%+1.1pp	4.0%+3.2pp	0.8%+1.5pp	-0.8%
Debt-to-Equity	1.45+0.1x	1.40-0.3x	1.70+0.1x	1.63+0.8x	0.830.0x	0.86-0.8x	1.650.0x	1.63+0.5x	1.11+0.4x	0.71+0.2x	0.550.0x	0.55-0.5x	1.06-0.5x	1.58+0.2x	1.37
Asset Turnover	0.300.0x	0.30+0.1x	0.200.0x	0.20-0.3x	0.55+0.3x	0.230.0x	0.230.0x	0.240.0x	0.210.0x	0.190.0x	0.210.0x	0.240.0x	0.22+0.1x	0.140.0x	0.15
FCF Margin	31.5%+5.6pp	25.9%-21.9pp	47.8%-23.8pp	71.6%+54.3pp	17.4%-12.5pp	29.9%+4.0pp	25.9%+25.5pp	0.4%+23.5pp	-23.1%-21.0pp	-2.1%-52.5pp	50.3%+28.6pp	21.7%-31.6pp	53.3%+39.7pp	13.6%-19.1pp	32.7%

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Net Margin	24.4%+3.8pp	18.0%-0.7pp	23.3%+0.5pp	20.2%-1.1pp	20.6%+4.7pp	18.7%-4.3pp	22.8%+11.0pp	21.3%-0.4pp
Return on Equity	13.6%+4.5pp	7.8%+0.1pp	11.7%+3.1pp	7.4%-3.7pp	9.2%+2.6pp	7.7%-4.5pp	8.6%+6.3pp	11.1%+3.4pp
Return on Assets	2.5%+0.8pp	1.3%0.0pp	2.1%+0.5pp	1.3%-0.5pp	1.7%+0.6pp	1.4%-0.8pp	1.6%+1.2pp	1.8%+0.5pp
Debt-to-Equity	1.480.0x	1.600.0x	1.45+0.1x	1.44-0.1x	1.45-0.1x	1.580.0x	1.40-0.3x	1.55-0.2x
Asset Turnover	0.100.0x	0.070.0x	0.090.0x	0.070.0x	0.080.0x	0.070.0x	0.070.0x	0.090.0x
FCF Margin	37.9%+15.0pp	26.5%-6.4pp	24.0%+19.1pp	50.9%+18.1pp	22.9%-18.1pp	32.8%+7.8pp	4.9%-62.4pp	32.8%-7.3pp

Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Blackstone Inc. BX	FY2025	$14.5B	$3.0B	20.9%	$131.9B	—
Blackrock, Inc. BLK	FY2025	$24.2B	$5.6B	22.9%	$174.2B	56/100
KKR & Co. Inc. KKR	FY2025	$19.5B	$2.4B	12.2%	$78.1B	14/100
Brookfield Corporation BN	FY2025	$75.1B	$3.2B	4.3%	$81.4B	18/100
Brookfield Asset Management Ltd. BAM	FY2025	$4.8B	$2.4B	49.8%	$72.2B	19/100
Apollo Global Management, Inc. APO	FY2025	$32.0B	$3.4B	10.6%	$65.5B	14/100

Where Blackstone Inc. Ranks

Frequently Asked Questions

What is Blackstone Inc.'s annual revenue?

Blackstone Inc. (BX) reported $14.5B in total revenue for fiscal year 2025. This represents a 9.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Blackstone Inc.'s revenue growing?

Blackstone Inc. (BX) revenue grew by 9.2% year-over-year, from $13.2B to $14.5B in fiscal year 2025.

Is Blackstone Inc. profitable?

Yes, Blackstone Inc. (BX) reported a net income of $3.0B in fiscal year 2025, with a net profit margin of 20.9%.

How much debt does Blackstone Inc. have?

As of fiscal year 2025, Blackstone Inc. (BX) had $2.6B in cash and equivalents against $12.6B in long-term debt.

What is Blackstone Inc.'s net profit margin?

Blackstone Inc. (BX) had a net profit margin of 20.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Blackstone Inc. pay dividends?

Yes, Blackstone Inc. (BX) paid $4.69 per share in dividends during fiscal year 2025.

What is Blackstone Inc.'s return on equity (ROE)?

Blackstone Inc. (BX) has a return on equity of 34.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Blackstone Inc.'s free cash flow?

Blackstone Inc. (BX) generated $4.5B in free cash flow during fiscal year 2025. This represents a 33.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Blackstone Inc.'s operating cash flow?

Blackstone Inc. (BX) generated $4.7B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Blackstone Inc.'s total assets?

Blackstone Inc. (BX) had $47.7B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Blackstone Inc.'s capital expenditures?

Blackstone Inc. (BX) invested $115.7M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How many shares does Blackstone Inc. have outstanding?

Blackstone Inc. (BX) had 742M shares outstanding as of fiscal year 2025.

What is Blackstone Inc.'s debt-to-equity ratio?

Blackstone Inc. (BX) had a debt-to-equity ratio of 1.45 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Blackstone Inc.'s return on assets (ROA)?

Blackstone Inc. (BX) had a return on assets of 6.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Blackstone Inc.'s P/E ratio?

Blackstone Inc. (BX) trades at 37.5x earnings, its market capitalization divided by net income of $3.5B net income, trailing 12 months to June 30, 2026. The market capitalization is $131.9B as of Oct 20, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Blackstone Inc.'s price-to-sales ratio?

Blackstone Inc. (BX) trades at 8.2x sales, its market capitalization divided by revenue of $16.1B revenue, trailing 12 months to June 30, 2026. The market capitalization is $131.9B as of Oct 20, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Blackstone Inc.'s Piotroski F-Score?

Blackstone Inc. (BX) has a Piotroski F-Score of 4 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Blackstone Inc.'s earnings high quality?

Blackstone Inc. (BX) has an earnings quality ratio of 1.54x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.