Fundamental analysis · SEC EDGAR · TTM through 31/03/2026

Fundamental analysis of Blackstone Inc.

BX · NYSE · Financial

Fundamental quality

ATTRACTIVE

87

out of 100

Blackstone Inc. fits the profile of a quality compounder: it pairs high return on capital (ROE 36.5%) with wide margins (net margin 20.7%) and a business that keeps growing (18.4% a year). On fundamental quality it scores 87 out of 100, profiling it as a company with solid fundamentals. Whether it's cheap or expensive depends on the current price, which you can compute in the tool.

What the company does

Blackstone is the world's largest alternative-asset manager. It invests the money of large investors in private companies (private equity), real estate, credit and infrastructure. It earns mainly from fees for managing that money plus a share of the profits.

What will shape its future

  • Its ability to raise new money from investors, which sets how much it can manage and charge.
  • Recurring management fees, steadier than the variable profits from its deals.
  • Interest rates and the health of markets (real estate, credit), which affect its investments.

Breakdown by area

I.Growth
82

EPS growth: 20% · Revenue growth: 18.4%

II.Profitability
91

Net margin: 20.7% · ROE: 36.5% · ROIC: 33.9%

III.Financial health
88

Net debt/EBITDA: 1.41x · FCF: 29.9%

Source: SEC EDGAR · TTM through 31/03/2026

The score combines growth, profitability and financial strength, and here its pillars hold up evenly.

Versus its sector

Percentile against the other 71 Financial companies in our coverage: how far it beats them on each metric (100 = best in sector).

Net marginbeats 59%
ROEbeats 93%
Growthbeats 83%
Cash generationbeats 79%
Less debtbeats 50%

Computed from the daily dataset scores. A high percentile places the company among the best in its sector on that metric; it is not a buy recommendation.

Key concepts

What do these metrics mean? Fundamental analysis · What is the P/E · What is EPS · What is ROE · Net & gross margin · Free cash flow

Blackstone Inc. strengths

  • Excellent free-cash-flow generation (FCF margin of 29.9%): profit turns into real cash.
  • Outstanding return on equity (ROE of 36.5%): it puts shareholder capital to good use.
  • Revenue growing (18.4% annualized).
  • High net margin (20.7%), high even for its sector: the business is clearly profitable.

Blackstone Inc. risks and weaknesses

  • Its net debt has grown over the period.

Blackstone Inc. historical evolution

YearRevenueNet incomeFree cash flowNet debt
20206,1021,0451,8243,733
202122,5775,8573,9225,736
20228,5181,7486,1018,239
20238,0231,3913,8338,650
202413,2302,7773,4209,488
202514,4503,0194,5479,945

Between 2020 and 2025, revenue went from $6,102M to $14,450M (+137%) and net income went from $1,045M to $3,019M (+189%). Meanwhile, its margins have widened (from 17% to 21%).

Annual figures in millions of U.S. dollars ($M) per SEC filings. Net debt is total debt minus cash.

Latest results

Versus the same period a year earlier

Figures for the quarter ended March 31, 2026, versus the quarter ended March 31, 2025 (SEC filings):

  • Revenue+10%
  • Net income+5.7%

Automatic comparison between the two most recent periods filed with the SEC. One quarter doesn't make a trend: read it alongside the historical evolution above.

Dividend

$4.69

per share, yearly

199.2% of earnings

Payout

The dividend yield depends on today's price. Compute it in the analyzer → · See all dividend-paying stocks →

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Is Blackstone Inc. cheap or expensive?

That depends on the current price. Look it up, enter it in the tool and get the full valuation verdict (P/E against its sector).

Compute the valuation →

Frequently asked questions

Is Blackstone Inc. a good company to invest in?

In terms of business quality, Blackstone Inc. scores 87 out of 100 in our analysis, placing it as a company of high fundamental quality. That said, this isn't a recommendation: whether it's a good investment also depends on its current price and your goals.

Is Blackstone Inc. a profitable company?

Very. Blackstone Inc. shows a net margin of 20.7% and an ROE of 36.5%, typical of a highly profitable business.

Does Blackstone Inc. have a lot of debt?

Not particularly. Its net debt is 1.41 times its EBITDA, a low level.

Is Blackstone Inc. growing?

Its revenue has grown 18.4% annualized in recent years and its earnings per share 20%.

Does Blackstone Inc. generate cash?

Yes. It converts about 29.9% of its revenue into free cash flow, and has done so positively year after year.

The thresholds are general and the system doesn't judge qualitative factors. See the full methodology and use this analysis as a first filter, never as a final decision.

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