Blue Owl Capital (OWL) Financials
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 30, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q3 FY2026, filed Oct 30, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the OWL SEC filings page.
Blue Owl Capital Inc. (OWL) reported $3.1B in revenue over the twelve months to Sep 30, 2026, up 11.8% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 7 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).
Blue Owl’s cash generation is far stronger than reported profit, while rapid overhead growth and rising leverage shape expansion.
In FY2025, operating cash flow was$1.3B against net income of$78.8M ; that disconnect makes accounting profit a poor standalone gauge of the business’s cash economics. Free cash flow of$1.2B alongside capital expenditures of$57.7M also indicates that the reported cash-producing model requires relatively little reinvestment.
Revenue expanded
Debt-to-equity reached 1.5x as long-term debt rose
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed: here 4 of 6, with the others left out rather than counted as zero. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Blue Owl Capital Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Blue Owl Capital Inc.'s revenue surged 25.0% year-over-year to $2.9B, reflecting rapid business expansion. This strong growth earns a score of 88/100.
Blue Owl Capital Inc. has a moderate D/E ratio of 1.51. This balance of debt and equity financing earns a leverage score of 37/100.
Not available for Blue Owl Capital Inc., so it is left out of the overall score, which averages the 4 of 6 dimensions that can be computed.
Blue Owl Capital Inc. converts 41.8% of revenue into free cash flow ($1.2B). This strong cash generation earns a score of 98/100.
Not available for Blue Owl Capital Inc., so it is left out of the overall score, which averages the 4 of 6 dimensions that can be computed.
Blue Owl Capital Inc. passes 4 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), the one computable operating efficiency signal (asset turnover improving) passes.
For every $1 of reported earnings, Blue Owl Capital Inc. generates $15.93 in operating cash flow ($1.3B OCF vs $78.8M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
Blue Owl Capital Inc. generated $806.5M in revenue in Q3 2026. This represents an increase of 10.8% from the same quarter a year earlier. Against the prior quarter it is up 7.1%.
Blue Owl Capital Inc. reported $20.0M in net income in Q3 2026. This represents an increase of 216.3% from the same quarter a year earlier. Against the prior quarter it is up 75.2%.
Blue Owl Capital Inc. earned $0.03 per diluted share (EPS) in Q3 2026. This represents an increase of 200.0% from the same quarter a year earlier. Against the prior quarter it is up 50.0%.
Not reported for Q3 2026.
Cash & Balance Sheet
Blue Owl Capital Inc. generated $601.4M in free cash flow in Q3 2026, representing cash available after capex. This represents an increase of 42.4% from the same quarter a year earlier. Against the prior quarter it is up 32.8%.
Blue Owl Capital Inc. held $213.6M in cash against $3.6B in long-term debt as of Q3 2026.
Blue Owl Capital Inc. paid $0.23 per share in dividends in Q3 2026. This represents an increase of 2.2% from the same quarter a year earlier. It is unchanged from the prior quarter.
Margins & Returns
Blue Owl Capital Inc.'s net profit margin was 2.5% in Q3 2026, showing the share of revenue converted to profit. This is up 1.6 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.0 percentage points.
Blue Owl Capital Inc.'s quarterly ROE was 1.0% in Q3 2026: one quarter's net income over shareholder equity, not annualized. This is up 0.8 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.5 percentage points.
Not reported for Q3 2026.
Not reported for Q3 2026.
Capital Allocation
Blue Owl Capital Inc. repurchased no shares in Q3 2026. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Blue Owl Capital Inc. invested $7.9M in capex in Q3 2026, funding long-term assets and infrastructure. This represents a decrease of 25.4% from the same quarter a year earlier. Against the prior quarter it is down 4.5%.
Not reported for Q3 2026.
OWL 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.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Revenue | $806.5M+10.8% | $753.1M+7.1% | $753.8M+10.3% | $755.6M+19.7% | $728.0M+21.2% | $703.1M+27.9% | $683.5M+33.1% | $631.4M+27.8% |
| SG&A Expenses | $184.7M+1.9% | $191.8M+2.0% | $183.9M-3.6% | $187.8M+54.7% | $181.3M+49.4% | $188.1M+101.2% | $190.8M+148.6% | $121.4M+74.1% |
| Interest Expense | $50.1M+18.2% | $47.7M+13.7% | $43.9M+13.9% | $40.9M+25.5% | $42.4M+24.2% | $42.0M+28.3% | $38.5M+71.3% | $32.6M+76.3% |
| Income Tax | $14.0M+76.4% | $10.3M-25.5% | $16.2M+342.3% | $17.0M+463.5% | $7.9M-37.9% | $13.8M-24.2% | $3.7M-75.1% | $3.0M-3.1% |
| Net Income | $20.0M+216.3% | $11.4M-34.6% | $15.5M+109.2% | $47.7M+129.8% | $6.3M-78.8% | $17.4M-48.7% | $7.4M-70.4% | $20.7M+14.9% |
| EPS (Basic) | $0.03+200.0% | $0.02 | $0.02+100.0% | $0.07 | $0.01 | $0.03 | $0.01-80.0% | $0.03 |
| EPS (Diluted) | $0.03+200.0% | $0.02 | $0.02n/m | $0.07 | $0.01 | $0.02 | $0.00-100.0% | $0.05 |
| Diluted Shares (Avg) | 699M+3.7% | 689M | 681M+6.7% | N/A | 674M | 656M | 638M+28.0% | N/A |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Operating Income, EBITDA.
OWL Balance Sheet
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.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $12.2B-2.0% | $12.3B+0.4% | $12.4B+1.0% | $12.5B+13.4% | $12.5B+16.0% | $12.3B+27.1% | $12.3B+36.7% | $11.0B+24.7% |
| Cash & Equivalents | $213.6M+55.6% | $169.1M+43.7% | $190.5M+95.1% | $194.5M+27.9% | $137.3M+18.4% | $117.6M-73.1% | $97.6M-37.3% | $152.1M+46.0% |
| Accounts Receivable | $32.0M+38.0% | $36.9M+45.2% | $51.0M+83.0% | $47.4M+78.1% | $23.2M-24.5% | $25.4M+109.6% | $27.8M+144.5% | $26.6M+68.0% |
| Goodwill | $5.6B0.0% | $5.6B0.0% | $5.6B0.0% | $5.6B+19.7% | $5.6B+19.6% | $5.6B+30.8% | $5.6B+33.2% | $4.7B+11.3% |
| Total Liabilities | $10.3B+1.3% | $10.3B+4.1% | $10.3B+3.7% | $10.3B+15.8% | $10.2B+16.3% | $9.9B+25.5% | $10.0B+35.6% | $8.9B+21.6% |
| Long-Term Debt | $3.6B+12.5% | $3.8B+17.6% | $3.8B+19.9% | $3.3B+28.4% | $3.2B+26.9% | $3.2B+31.9% | $3.2B+54.0% | $2.6B+54.0% |
| Total Equity | $1.9B-16.3% | $2.0B-15.1% | $2.1B-10.1% | $2.2B+3.6% | $2.3B+14.6% | $2.4B+34.6% | $2.3B+41.9% | $2.1B+39.2% |
| Retained Earnings | -$2.0Bn/m | -$1.9Bn/m | -$1.7Bn/m | -$1.6Bn/m | -$1.5Bn/m | -$1.4Bn/m | -$1.2Bn/m | -$1.1Bn/m |
Not reported in any period shown, so not listed: Current Assets, Short-Term Investments, Inventory, Long-Term Investments, Current Liabilities, Non-Current Liabilities.
OWL Cash Flow 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.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $609.3M+40.7% | $461.3M+9.2% | $102.8M+484.6% | $382.9M+18.2% | $433.1M+32.9% | $422.5M+39.8% | $17.6M-62.8% | $324.0M+5.1% |
| Depreciation & Amortization | $94.0M-4.6% | $93.3M-2.4% | $90.9M-4.3% | $93.3M+14.3% | $98.5M+33.8% | $95.6M+57.5% | $95.0M+61.1% | $81.6M+36.9% |
| Stock-Based Compensation | $192.3M+11.1% | $185.9M+10.0% | $195.5M+15.2% | N/A | $173.1M+123.0% | $169.1M+181.9% | $169.7M+158.2% | N/A |
| Capital Expenditures | $7.9M-25.4% | $8.3M-17.3% | $13.8M+3.6% | $23.7M+70.5% | $10.6M-5.4% | $10.0M-69.5% | $13.3M+117.2% | $13.9M-58.5% |
| Free Cash Flow | $601.4M+42.4% | $452.9M+9.8% | $89.0M+1995.7% | $359.1M+15.8% | $422.5M+34.2% | $412.5M+53.1% | $4.2M-89.7% | $310.1M+12.8% |
| Investing Cash Flow | $15Kn/m | -$54.7Mn/m | -$27.1Mn/m | $13.1Mn/m | -$21.5Mn/m | -$65.2Mn/m | -$197.0Mn/m | -$46.3Mn/m |
| Financing Cash Flow | -$564.8Mn/m | -$428.0Mn/m | -$79.8M-163.8% | -$338.7Mn/m | -$392.0Mn/m | -$337.3M-397.5% | $125.0M+534.9% | -$241.6Mn/m |
| Dividends Paid | $159.4M+8.8% | $155.4M+10.4% | $150.5M+36.8% | $149.4M+38.1% | $146.5M+44.7% | $140.8M+50.2% | $110.0M+68.7% | $108.2M+69.6% |
| Share Buybacks | $0n/m | $0-100.0% | $25.0Mn/m | $52.0Mn/m | $0n/m | $1.7M | $0 | $0n/m |
OWL 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.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Net Margin | 2.5%+1.6pp | 1.5%-1.0pp | 2.1%+1.0pp | 6.3%+3.0pp | 0.9%-4.1pp | 2.5%-3.7pp | 1.1%-3.8pp | 3.3%-0.4pp |
| Return on Equity | 1.0%+0.8pp | 0.6%-0.2pp | 0.7%+0.4pp | 2.2%+1.2pp | 0.3%-1.2pp | 0.7%-1.2pp | 0.3%-1.2pp | 1.0%-0.2pp |
| Return on Assets | 0.2%+0.1pp | 0.1%-0.1pp | 0.1%+0.1pp | 0.4%+0.2pp | 0.1%-0.2pp | 0.1%-0.2pp | 0.1%-0.2pp | 0.2%0.0pp |
| Debt-to-Equity | 1.89+0.5x | 1.91+0.5x | 1.82+0.5x | 1.51+0.3x | 1.41+0.1x | 1.380.0x | 1.37+0.1x | 1.22+0.1x |
| Liabilities-to-Equity | 5.36+0.9x | 5.18+1.0x | 4.91+0.7x | 4.65+0.5x | 4.43+0.1x | 4.22-0.3x | 4.26-0.2x | 4.17-0.6x |
| Asset Turnover | 0.070.0x | 0.060.0x | 0.060.0x | 0.060.0x | 0.060.0x | 0.060.0x | 0.060.0x | 0.060.0x |
| FCF Margin | 74.6%+16.5pp | 60.2%+1.5pp | 11.8%+11.2pp | 47.5%-1.6pp | 58.0%+5.6pp | 58.7%+9.7pp | 0.6%-7.4pp | 49.1%-6.5pp |
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. Market cap is stated at each company's latest close.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Blue Owl Capital Inc. OWL | FY2025 | $2.9B | $78.8M | 2.8% | $16.1B | 68/100 |
| Franklin Templeton, Inc. BEN | FY2025 | $8.8B | $524.9M | 6.0% | $16.1B | 68/100 |
| TPG Inc. TPG | FY2025 | $4.7B | $184.6M | 4.0% | $17.9B | 61/100 |
| Corebridge Financial, Inc. CRBG | FY2025 | $18.5B | -$366.0M | -2.0% | $15.5B | 27/100 |
| Equitable Holdings, Inc. EQH | FY2025 | $11.7B | -$1.4B | -11.8% | $14.7B | 36/100 |
| The Carlyle Group Inc. CG | FY2025 | $4.8B | $808.7M | 16.9% | $14.3B | 43/100 |
Where Blue Owl Capital Inc. Ranks
Frequently Asked Questions
Blue Owl Capital Inc. (OWL) reported $2.9B in total revenue for fiscal year 2025. This represents a 25.0% 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.
Blue Owl Capital Inc. (OWL) revenue grew by 25.0% year-over-year, from $2.3B to $2.9B in fiscal year 2025.
Yes, Blue Owl Capital Inc. (OWL) reported a net income of $94.6M over the trailing 12 months to September 30, 2026. In fiscal year 2025 it reported a net income of $78.8M, with a net profit margin of 2.8%.
As of fiscal year 2025, Blue Owl Capital Inc. (OWL) had $194.5M in cash and equivalents against $3.3B in long-term debt.
Blue Owl Capital Inc. (OWL) had a net profit margin of 2.8% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Yes, Blue Owl Capital Inc. (OWL) paid $0.86 per share in dividends during fiscal year 2025.
Blue Owl Capital Inc. (OWL) has a return on equity of 3.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
Blue Owl Capital Inc. (OWL) generated $1.2B in free cash flow during fiscal year 2025. This represents a 28.1% 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.
Blue Owl Capital Inc. (OWL) generated $1.3B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
Blue Owl Capital Inc. (OWL) had $12.5B in total assets as of fiscal year 2025, including both current and long-term assets.
Blue Owl Capital Inc. (OWL) invested $57.7M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
Blue Owl Capital Inc. (OWL) had a debt-to-equity ratio of 1.51 as of fiscal year 2025. We compute it as long-term debt divided by total shareholder equity, where long-term debt is the noncurrent part of the company's borrowings, so debt due within the next twelve months is not counted.
Blue Owl Capital Inc. (OWL) had a liabilities-to-equity ratio of 4.65 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity.
Blue Owl Capital Inc. (OWL) had a return on assets of 0.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
Blue Owl Capital Inc. (OWL) trades at 170x earnings, its market capitalization divided by $94.6M net income, trailing 12 months to September 30, 2026. The market capitalization is $16.1B as of Oct 30, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
Blue Owl Capital Inc. (OWL) trades at 5.2x sales, its market capitalization divided by $3.1B revenue, trailing 12 months to September 30, 2026. The market capitalization is $16.1B as of Oct 30, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
Blue Owl Capital Inc. (OWL) has a Piotroski F-Score of 4 out of 6 computable signals; 3 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.
Blue Owl Capital Inc. (OWL) has an earnings quality ratio of 15.93x, 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.
Blue Owl Capital Inc. (OWL) scores 68 out of 100 on our Financial Health Score, indicating strong standing within its operating companies peer group. The score is the average of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. For Blue Owl Capital Inc. it averages the 4 of 6 dimensions that can be computed; the others are left out rather than counted as zero. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.