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Financial Services · Asset Management · United States · Updated May 11, 12:49pm
$122.91
Price
$147.6B
Market Cap
4,895
Employees
1.63
Beta
Stephen Allen Schwarzman
CEO
Business Description
Blackstone Inc. is an alternative asset management firm specializing in real estate, private equity, hedge fund solutions, credit, secondary funds of funds, public debt and equity and multi-asset class strategies. The firm typically invests in early-stage companies. It also provide capital markets services. The real estate segment specializes in opportunistic, core+ investments as well as debt investment opportunities collateralized by commercial real estate, and stabilized income-oriented commercial real estate across North America, Europe and Asia. The firm's corporate private equity business pursues transactions throughout the world across a variety of transaction types, including large buyouts,special situations, distressed mortgage loans, mid-cap buyouts, buy and build platforms, which involves multiple acquisitions behind a single management team and platform, and growth equity/development projects involving significant majority stakes in portfolio companies and minority investments in operating companies, shipping, real estate, corporate or consumer loans, and alternative energy greenfield development projects in energy and power, property, dislocated markets, shipping opportunities, financial institution breakups, re-insurance, and improving freight mobility, financial services, healthcare, life sciences, enterprise tech and consumer, as well as consumer technologies. The firm considers investment in Asia and Latin America. It has a three year investment period. Its hedge fund business manages a broad range of commingled and customized fund solutions and its credit business focuses on loans, and securities of non-investment grade companies spread across the capital structure including senior debt, subordinated debt, preferred stock and common equity. Blackstone Inc. was founded in 1985 and is headquartered in New York, New York with additional offices across Asia, Europe and North America.
Business History
Price Overview
Last updated: May 11, 2026 12:49pm (just now)$122.91
-0.86 (-0.69%)
Day Range
$121.50 – $123.84
52-Week Range
$101.73 – $190.09
50-Day MA
$116.84
200-Day MA
$146.66
Volume
1,368,837.00
Analyst Price Targets
Low
$130.00
Consensus
$156.29
High
$184.00
(69 analysts)
Share Structure
Outstanding
783,406,246.00
Float
733,711,230.00
Free Float
93.7%
High free float
— 93.7% of shares trade freely, ~6.3% held by insiders/institutions
Very liquid — most shares trade freely. Low insider ownership can mean less management alignment, but makes large position sizing straightforward.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
APIStock Price / EPS (Diluted)
31.53
Stock Price: $122.91
EPS (Diluted): 3.88
EPS (Diluted): 3.88
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
13.89
Stock Price: $122.91
Total Equity: $8.67B
Shares: 780,924,000
Total Equity: $8.67B
Shares: 780,924,000
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
21.58
Market Cap: $147.65B
Total Debt: $13.31B
Cash: $2.63B
EBITDA: $7.21B
Total Debt: $13.31B
Cash: $2.63B
EBITDA: $7.21B
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$195.3B
Market Cap: $147.65B
Total Debt: $13.31B
Cash: $2.63B
Total Debt: $13.31B
Cash: $2.63B
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
86.0%
Gross Profit: $11.90B
Revenue: $13.83B
Revenue: $13.83B
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
51.9%
Operating Income: $7.18B
Revenue: $13.83B
Revenue: $13.83B
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
21.8%
Net Income: $3.02B
Revenue: $13.83B
Revenue: $13.83B
ROE (Profit from shareholder equity)
APINet Income / Total Equity
36.2%
Net Income: $3.02B
Total Equity: $8.67B
Total Equity: $8.67B
ROIC (Profit from all invested capital)
APINOPAT / Invested Capital
12.9%
Operating Income: $7.18B
Tax Rate: 15.7%
Equity: $8.67B
Total Debt: $13.31B
Cash: $2.63B
Tax Rate: 15.7%
Equity: $8.67B
Total Debt: $13.31B
Cash: $2.63B
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
0.91
Current Assets: $2.95B
Current Liabilities: $3.22B
Current Liabilities: $3.22B
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
1.54
Short-Term Debt: $0.00
Long-Term Debt: $13.31B
Total Debt: $13.31B
Total Equity: $8.67B
Long-Term Debt: $13.31B
Total Debt: $13.31B
Total Equity: $8.67B
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$17.71
Revenue: $13.83B
Shares: 780,924,000
Shares: 780,924,000
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$11.10
Total Equity: $8.67B
Shares: 780,924,000
Shares: 780,924,000
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$2.23
Operating CF: $1.86B
CapEx: -$115.70M
Shares: 780,924,000
CapEx: -$115.70M
Shares: 780,924,000
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
5.0%
Last Dividend: N/A
Stock Price: $122.91
Stock Price: $122.91
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: $3.02B
Net Income: $3.02B
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares BX against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $16.9B | $7.4B | $7.4B | $11.4B | $13.8B |
| Cost of Revenue | $198.3M | $317.2M | $431.9M | $443.7M | $1.9B |
| Gross Profit | $16.7B | $7.1B | $7.0B | $10.9B | $11.9B |
| Operating Expenses | $3.1B | $3.7B | $4.0B | $4.5B | $4.7B |
| Operating Income | $13.6B | $3.5B | $3.0B | $6.5B | $7.2B |
| Net Income | $5.9B | $1.7B | $1.4B | $2.8B | $3.0B |
| EBITDA | $13.6B | $3.5B | $3.0B | $6.5B | $7.2B |
| EPS | $8.14 | $2.36 | $1.84 | $3.62 | $3.88 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $2.1B | $4.3B | $3.0B | $2.0B | $2.6B |
| Total Current Assets | $2.2B | $4.4B | $3.2B | $2.2B | $2.9B |
| Total Assets | $41.2B | $42.5B | $40.3B | $43.5B | $47.7B |
| Current Liabilities | $1.9B | $2.1B | $2.4B | $2.8B | $3.2B |
| Long-Term Debt | $8.7B | $13.4B | $12.3B | $12.3B | $13.3B |
| Total Liabilities | $19.5B | $22.8B | $22.2B | $24.0B | $25.8B |
| Total Equity | $9.4B | $7.7B | $6.8B | $8.2B | $8.7B |
| Retained Earnings | $3.6B | $1.7B | $660.7M | $808.1M | $191.6M |
Cash Flow (Annual)
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $4.0B | $6.3B | $4.1B | $3.5B | $1.9B |
| Capital Expenditure | -$64.3M | -$235.5M | -$224.2M | -$61.4M | -$115.7M |
| Free Cash Flow | $3.9B | $6.1B | $3.8B | $3.4B | $1.7B |
| Acquisitions (net) | $7.5B | $5.2B | -$5.4M | $0 | $0 |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | -$1.3B | -$466.0M | -$418.0M | -$661.1M | -$312.5M |
| Net Change in Cash | $135.3M | $2.3B | -$1.2B | -$1.1B | $678.5M |
Analyst Estimates (Annual)
| Metric | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|
| Revenue |
$14.9B $14.2B – $16.0B
|
$18.7B $17.4B – $20.7B
|
$20.0B $19.3B – $20.7B
|
$14.1B $13.3B – $15.0B
|
| EBITDA |
$8.3B $7.9B – $8.9B
|
$10.4B $9.7B – $11.5B
|
$11.1B $10.8B – $11.5B
|
$7.8B $7.4B – $8.3B
|
| Net Income |
$4.7B $4.4B – $4.9B
|
$5.9B $5.4B – $6.4B
|
$6.7B $6.3B – $7.2B
|
$7.4B $6.9B – $8.1B
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | -55.8% | -0.2% | +52.9% | +21.6% |
| Gross Profit Growth | -57.2% | -1.8% | +56.0% | +8.9% |
| Operating Income Growth | -74.5% | -14.6% | +118.4% | +11.1% |
| Net Income Growth | -70.2% | -20.4% | +99.6% | +8.7% |
| EBITDA Growth | -74.1% | -15.0% | +116.7% | +11.1% |
Insider Trading (Recent)
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-05-01 | Sawhney Vikrant | S-Sale | 16,965.00 | $125.55 | $2.1M |
| 2026-05-01 | Sawhney Vikrant | S-Sale | 13,049.00 | $126.11 | $1.6M |
| 2026-04-01 | Porat Ruth | A-Award | 1,961.00 | $0.00 | $0 |
| 2026-04-01 | LAZARUS ROCHELLE B | A-Award | 1,961.00 | $0.00 | $0 |
| 2026-04-01 | Parrett William G | A-Award | 2,048.00 | $0.00 | $0 |
| 2026-04-01 | Brown Reginald J | A-Award | 1,961.00 | $0.00 | $0 |
| 2026-04-01 | Chae Michael | A-Award | 152,667.00 | $0.00 | $0 |
| 2026-04-01 | Baratta Joseph | A-Award | 124,626.00 | $0.00 | $0 |
| 2026-04-01 | GRAY JONATHAN | A-Award | 302,662.00 | $0.00 | $0 |
| 2026-04-01 | Payne David | A-Award | 17,804.00 | $0.00 | $0 |
| 2026-04-01 | Finley John G | A-Award | 152,222.00 | $0.00 | $0 |
| 2026-04-01 | BREYER JAMES | A-Award | 1,961.00 | $0.00 | $0 |
| 2026-04-01 | Sawhney Vikrant | A-Award | 129,077.00 | $0.00 | $0 |
| 2026-03-10 | Finley John G | G-Gift | 7,500.00 | $0.00 | $0 |
| 2026-03-10 | Finley John G | G-Gift | 7,500.00 | $0.00 | $0 |
| 2026-02-17 | Porat Ruth | P-Purchase | 275.60 | $130.30 | $35,910 |
| 2026-02-17 | Porat Ruth | P-Purchase | 149.38 | $131.11 | $19,586 |
| 2026-02-17 | Porat Ruth | P-Purchase | 99.59 | $131.11 | $13,057 |
| 2026-02-11 | Baratta Joseph | G-Gift | 41,290.00 | $0.00 | $0 |
| 2026-02-11 | Baratta Joseph | G-Gift | 41,290.00 | $0.00 | $0 |
Dividend History (Last 20)
| Date | Dividend | Declaration | Record | Payment |
|---|---|---|---|---|
| 2026-05-04 | $1.16 | 2026-04-21 | 2026-05-04 | 2026-05-11 |
| 2026-02-09 | $1.49 | 2026-01-29 | 2026-02-09 | 2026-02-17 |
| 2025-11-03 | $1.29 | 2025-10-23 | 2025-11-03 | 2025-11-10 |
| 2025-08-04 | $1.03 | 2025-07-24 | 2025-08-04 | 2025-08-11 |
| 2025-04-28 | $0.37 | 2025-04-15 | 2025-04-28 | 2025-05-05 |
| 2025-02-10 | $1.44 | 2025-01-28 | 2025-02-10 | 2025-02-18 |
| 2024-10-28 | $0.86 | 2024-10-17 | 2024-10-28 | 2024-11-04 |
| 2024-07-29 | $0.82 | 2024-07-18 | 2024-07-29 | 2024-08-05 |
| 2024-04-26 | $0.83 | 2024-04-18 | 2024-04-29 | 2024-05-06 |
| 2024-02-02 | $0.94 | 2024-01-25 | 2024-02-05 | 2024-02-12 |
| 2023-10-27 | $0.80 | 2023-10-19 | 2023-10-30 | 2023-11-06 |
| 2023-07-28 | $0.79 | 2023-07-20 | 2023-07-31 | 2023-08-07 |
| 2023-04-28 | $0.82 | 2023-04-20 | 2023-05-01 | 2023-05-08 |
| 2023-02-03 | $0.91 | 2023-01-26 | 2023-02-06 | 2023-02-13 |
| 2022-10-28 | $0.90 | 2022-10-20 | 2022-10-31 | 2022-11-07 |
| 2022-07-29 | $1.27 | 2022-07-21 | 2022-08-01 | 2022-08-08 |
| 2022-04-29 | $1.32 | 2022-04-21 | 2022-05-02 | 2022-05-09 |
| 2022-02-04 | $1.45 | 2022-01-27 | 2022-02-07 | 2022-02-14 |
| 2021-10-29 | $1.09 | 2021-10-21 | 2021-11-01 | 2021-11-08 |
| 2021-07-30 | $0.70 | 2021-07-23 | 2021-08-02 | 2021-08-09 |
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.193 · 1946f027 · 2026-05-08 18:57:27