Stocktoria

Blackstone Inc. BX

NYSE · stock · Investment Advice · website · IPO 2007-06-22 · LEI

Blackstone Inc. statistics & valuation

Market cap$141.0B
P / E46.7×
P / S9.8×
P / B6.9×
P / FCF31.0×
Dividend yield4.27%
Net margin20.9%
Return on equity14.7%
FCF margin31.5%
Net debt$9.9B
Enterprise value USD$150.9B
Graham number -67.3%$47.83

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($47.83); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
20.20% 20.60% 22.60% 27.90% 17.10% 25.90% 20.50% 17.30% 21.00% 20.90% 2016201720182019202020212022202320242025
Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
2016201720182019202020212022202320242025
Return on equity (%)
11.30% 13.70% 7.20% 27.10% 9.70% 8.20% 14.90% 14.70% 2016201720182019202020212022202320242025
Shares outstanding
1.20B 666.2M 1.21B 676.2M 697.3M 720.1M 740.9M 755.4M 766.6M 780.2M 2016201720182019202020212022202320242025
Net debt ($)
$7.10B $13.17B $8.19B $9.37B $3.73B $5.74B $8.24B $8.65B $9.49B $9.95B 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
3.90% 4.30% 5.30% 6.30% 4.00% 14.20% 4.10% 3.50% 6.40% 6.30% 2016201720182019202020212022202320242025
Free cash flow margin (%)
-10.90% -34.60% 0.40% 25.90% 29.90% 17.40% 71.60% 47.80% 25.90% 31.50% 2016201720182019202020212022202320242025
Debt / equity (×)
0.76× 0.77× 0.39× 0.36× 0.70× 0.69× 0.61× 0.61× 2016201720182019202020212022202320242025
EPS ($)
$1.56 $2.21 $2.26 $3.03 $1.50 $8.13 $2.36 $1.84 $3.62 $3.87 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Blackstone Inc. trades at about 37.8× earnings — near its 10-year norm (10-year range 14.9×–67.6×, median 36.8×).

14.9× 67.6×

Shaded band = 10-year range (14.9×–67.6×); dot = today's 37.8×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Net margin20.9%21.0%17.3%20.5%25.9%17.1%27.9%22.6%20.6%20.2%
FCF margin31.5%25.9%47.8%71.6%17.4%29.9%25.9%0.4%-34.6%-10.9%
Return on assets6.3%6.4%3.5%4.1%14.2%4.0%6.3%5.3%4.3%3.9%
Return on equity14.7%14.9%8.2%9.7%27.1%7.2%13.7%11.3%——
Debt / equity0.61×0.61×0.69×0.70×0.36×0.39×0.77×0.76×——

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.