Blackstone Inc. (BX)
Financials · Asset Management & Custody Banks · US stock · S&P 500 component
$106.61
▼ -2.59 (2.37%)
Fair valueData under review
$22
$11fair band $16–$29$33
Day's range
$105.97 – $110.94
52-week range
$99.78 – $160.11
About Blackstone Inc.
Blackstone is an alternative asset manager that invests money on behalf of pension funds, insurers, sovereign wealth funds and individual investors. Its funds are organised into private equity, real estate, credit and insurance, and multi-asset investing businesses. It acquires and manages companies, property and loans, and raises capital through funds that investors commit to for several years.
The company earns management fees on the assets it looks after, performance fees when its funds exceed agreed return hurdles, and gains on its own investments. Revenue was $16.1 billion over the last twelve months, with growth of 19.3% a year across the last three years. The operating margin is 53.4%, and the business earns a profit of 35% on the capital invested in it. The dividend yield is 4.9%. On the site's X-Ray Score it receives 49 out of 100.
Written with AI from public information and the filing figures on this page, then checked automatically for unsupported numbers. It can contain mistakes: read the company's own filings below before relying on it.
Price chart
52-wk range $99.78 – $160.11Volume 7,104,900Daily, split-adjusted
Vitals
Market cap$85.3B
52-week range$99.78 – $160.11
Volume (last day)7,104,900
P/E (TTM)23.9
EBIT / EV yield8.9%
Free-cash-flow yield6.4%
Dividend yield4.9%
Revenue (TTM)$16.1B
Net income (TTM)$3.5B
Operating margin53.4%
Return on capital35.2%
Debt incl. leases$14.2B
Cash & securities$2.5B
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies like Apple). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$22
Data under review
+0.0% to fair value
Equal blend of three models: peer multiples, a fundamentals-adjusted multiple (growth, ROIC and margin) and a 10-year DCF scaled to the market's average. Earnings-power value (no growth) is a floor and not part of the blend. Model uncertainty is Medium, so the safety margin is 30%.
Price $107
Undervalued < $16Fair $16 – $29Overvalued > $29
Excess-return (bank)
$17
A model estimate, not a price target or recommendation. Inputs: risk-free 5.09%, equity risk premium 4.23% (Damodaran). How it works.
What this means
Read the lenses below
The price sits inside our fair-value band. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Financials peers. Open a lens to see the numbers behind it.
Valuation
Weak
32/100
Expensive against its sector on earnings and cash flow.
See the numbers →
EBIT / EV yield8.9%
Free-cash-flow yield6.4%
Fair value vs price0.2×
Growth
Fair
53/100
Growing at a typical pace for its sector.
See the numbers →
Revenue growth (3y)19.3%
EPS growth (3y)17.9%
Growth consistency70%
Profitability
Strong
77/100
Earns high returns on the capital it uses.
See the numbers →
Return on invested capital35.2%
Operating margin53.4%
Financial health
Weak
39/100
Balance sheet is more stretched than most peers.
See the numbers →
Piotroski F-Score6 / 9
Net debt / EBITDA1.4×
Interest cover16.0×
Dividends
Weak
33/100
Dividend is modest or less certain than peers.
See the numbers →
Dividend yield4.9%
Dividends vs free cash flow76%
Dividend growth-2.7%
Quarterly results: last 6 quarters
-10.8%
Mar '25
+32.7%
Jun '25
-15.7%
Sep '25
+41.4%
Dec '25
+10.0%
Mar '26
+35.9%
Jun '26
Revenue against the same quarter a year earlier. Latest quarter revenue $5.0B, diluted EPS $1.54.
Compare with peers
AMP Ameriprise Financial I...60 APO Apollo Global Manageme...51 STT State Street Corp50 TROW Price T Rowe Group Inc45Other Asset Management & Custody Banks companies by X-Ray Score.
Fundamentals checklist
● 5 Good · ● 5 Average · ● 3 BadCash quality
Earnings backed by cashGood
Free-cash-flow yieldAverage
Risk models
Piotroski F-ScoreAverage
Growth
EPS growth (3y)Good
Free-cash-flow growth (3y)Bad
Revenue growth (3y)Good
Growth consistencyBad
Balance sheet
Net debt / EBITDAAverage
Interest coverAverage
Valuation
Fair value vs priceBad
EBIT / EV yieldAverage
Profitability
Return on invested capitalGood
Operating marginGood
Each check is graded against the company's sector, not a fixed number. Checklist score 55/100.
Financials
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Revenue | $22.6B | $8.5B | $8.0B | $13.2B | $14.5B |
| Operating income | $13.8B | $3.8B | $3.4B | $6.9B | $7.7B |
| Net income | $5.9B | $1.7B | $1.4B | $2.8B | $3.0B |
| Operating cash flow | $4.0B | $6.3B | $4.1B | $3.5B | $4.7B |
| Operating margin | 60.9% | 44.4% | 42.2% | 52.2% | 53.1% |
| Free cash flow | $3.9B | $6.1B | $3.8B | $3.4B | $4.5B |
| Diluted EPS | $8.13 | $2.36 | $1.84 | $3.62 | $3.87 |
Fiscal years, from SEC filings.
Technical summary
Daily
Strongly bearish
3 bullish · 1 neutral · 12 bearish
Weekly
Strongly bearish
0 bullish · 1 neutral · 11 bearish
Monthly
Strongly bearish
0 bullish · 1 neutral · 7 bearish
Moving averages (daily)
| SMA 10 | 111.1 | Bearish |
| EMA 10 | 110.8 | Bearish |
| SMA 20 | 114.0 | Bearish |
| EMA 20 | 114.6 | Bearish |
| SMA 50 | 128.2 | Bearish |
| EMA 50 | 121.5 | Bearish |
| SMA 100 | 124.9 | Bearish |
| EMA 100 | 124.2 | Bearish |
| SMA 200 | 124.6 | Bearish |
| EMA 200 | 127.5 | Bearish |
Oscillators (daily)
| RSI (14) | 30.90 | Neutral |
| MACD (12, 26) | -5.17 | Bearish |
| Momentum (12) | -4.89 | Bearish |
| Stochastic %K (14) | 11.54 | Bullish |
| Williams %R (14) | -88.46 | Bullish |
| CCI (20) | -117.4 | Bullish |
Pivot points (classic, last session)
S3 99.77 | S2 102.9 | S1 104.7 | Pivot 107.8 | R1 109.7 | R2 112.8 | R3 114.7 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
Dividends
Paid, last 12 months
5.23 USD
Yield on today's price
4.91%
Frequency
Quarterly
Next ex-dividend date
Not announced
| Ex-dividend date | Amount per share |
|---|---|
| 3 Aug 2026 | 1.2900 |
| 4 May 2026 | 1.1600 |
| 9 Feb 2026 | 1.4900 |
| 3 Nov 2025 | 1.2900 |
| 4 Aug 2025 | 1.0300 |
| 28 Apr 2025 | 0.9300 |
| 10 Feb 2025 | 1.4400 |
| 28 Oct 2024 | 0.8600 |
| 29 Jul 2024 | 0.8200 |
| 26 Apr 2024 | 0.8300 |
| 2 Feb 2024 | 0.9400 |
| 27 Oct 2023 | 0.8000 |
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.
BX SEC filings
15 Oct 2026
8-KSEC EDGAR
Director or officer change
22 Sep 2026
8-KSEC EDGAR
Regulation FD disclosure
7 Aug 2026
10-QSEC EDGAR
Quarterly report
23 Jul 2026
8-KSEC EDGAR
Results of operations
23 Jun 2026
8-KSEC EDGAR
Regulation FD disclosure
8 May 2026
10-QSEC EDGAR
Quarterly report
23 Apr 2026
8-KSEC EDGAR
Results of operations
24 Mar 2026
8-KSEC EDGAR
Regulation FD disclosure
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.