BX Stock Analysis: Blackstone | NYSE
Asset Management | NYSE, USA | Market Cap: 143.824m USD | 12M Return: -18.9% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 652M
EPS Trend: 93.9%
Qual. Beats: 0
Rev. Trend: 98.2%
Qual. Beats: 2
Warnings
Tailwinds
Seasonality 10.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Blackstone Inc. is a U.S.-based alternative asset management firm that operates across multiple investment strategies, including private equity, venture capital, real estate, hedge fund solutions, credit, secondary fund of funds, public debt and equity, and multi-asset class strategies. The firm also provides capital markets services to clients. Within the GICS Financials sector, alternative asset managers typically raise pooled capital from institutional and high-net-worth investors, known as limited partners (LPs), and deploy it across private and public markets on their behalf.
The firms private equity activities span the full corporate lifecycle, from seed and early-stage funding through growth capital, mature, and turnaround situations, with a corporate private equity business executing large buyouts, recapitalizations, special situations, mid-cap buyouts, and buy-and-build platforms worldwide. Its real estate segment targets opportunistic, core+, and debt investments collateralized by commercial real estate, as well as stabilized income-oriented properties across North America, Europe, and Asia. Through fund of funds vehicles, Blackstone allocates capital to underlying private equity, venture capital, mezzanine, distressed debt, secondary, and real estate funds, providing diversified exposure to managers and strategies that may otherwise be inaccessible to individual investors.
Portfolio holdings span a wide range of industries, including financial services, oil and gas (production, refining, and storage), shipping, alternative and renewable energy, mining, waste management, lodging, consumer electronics, and equity REITs. This breadth reflects the sectors characteristic approach of building concentrated portfolios across uncorrelated asset classes, with general partners like Blackstone earning management fees on assets under management plus performance-based incentive fees (carried interest) on profitable realizations.
- Private credit AUM surges as banks retreat from lending
- Real estate marks pressure BREIT as redemption limits persist
- Fee-related earnings grow on record fee-paying AUM
| Net Income: 3.05b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.07 > 0.02 and ΔFCF/TA -0.97 > 1.0 |
| NWC/Revenue: -130.1% < 20% (prev -7.11%; Δ -123.0% < -1%) |
| CFO/TA 0.07 > 3% & CFO 3.47b > Net Income 3.05b |
| Net Debt (11.7b) to EBITDA (7.37b): 1.59 < 3 |
| Current Ratio: 0.14 > 1.5 & < 3 |
| Outstanding Shares: last quarter (783.6m) vs 12m ago 1.45% < -2% |
| Gross Margin: 87.51% > 18% (prev 95.94%; Δ -8.42% > 0.5%) |
| Asset Turnover: 32.03% > 50% (prev 24.66%; Δ 7.36% > 0%) |
| Interest Coverage Ratio: 13.88 > 6 (EBIT TTM 7.32b / Interest Expense TTM 527.3m) |
| A: -0.40 (Total Current Assets 3.28b - Total Current Liabilities 22.8b) / Total Assets 48.3b |
| B: -0.01 (Retained Earnings -323.7m / Total Assets 48.3b) |
| C: 0.16 (EBIT TTM 7.32b / Avg Total Assets 46.8b) |
| D: 0.31 (Book Value of Equity 8.37b / Total Liabilities 26.9b) |
| Altman-Z'' = -1.29 = CCC |
| DSRI: 0.10 (Receivables 572.8m/5.66b, Revenue 15.0b/11.2b) |
| GMI: 1.10 (GM 95.94% / 87.51%) |
| AQI: 1.00 (AQ_t 0.92 / AQ_t-1 0.91) |
| SGI: 1.34 (Revenue 15.0b / 11.2b) |
| TATA: -0.01 (NI 3.05b - CFO 3.47b) / TA 48.3b) |
| Beneish M = -3.43 (Cap -4..+1) = AA |
As of July 02, 2026, the stock is trading at USD 117.67 with a total of 7,162,912 shares traded. Over the past week, the price has changed by +5.81%, over one month by +2.23%, over three months by +5.53% and over the past year by -18.90%.
Current recommended Stop Loss: 111.20 (which is 5.5% or 1.4 ATR below the current price).
Blackstone has received a consensus analysts rating of 3.74. Therefore, it is recommended to hold BX.
- StrongBuy: 7
- Buy: 3
- Hold: 13
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 143.5 | 21.9% |
P/E Trailing = 30.2494
P/E Forward = 19.5695
P/S = 9.9895
P/B = 17.1711
P/EG = 1.976
Revenue TTM = 15.0b USD
EBIT TTM = 7.32b USD
EBITDA TTM = 7.37b USD
Long Term Debt = 12.4b USD (from longTermDebt, last fiscal year)
Short Term Debt = 13.3b USD (from shortTermDebt, last quarter)
Debt = 14.2b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 11.7b USD (calculated: Debt 14.2b - CCE 2.45b)
Enterprise Value = 156b USD (144b + Debt 14.2b - CCE 2.45b)
Interest Coverage Ratio = 13.88 (Ebit TTM 7.32b / Interest Expense TTM 527.3m)
EV/FCF = 46.37x (Enterprise Value 156b / FCF TTM 3.35b)
FCF Yield = 2.16% (FCF TTM 3.35b / Enterprise Value 156b)
FCF Margin = 22.38% (FCF TTM 3.35b / Revenue TTM 15.0b)
Net Margin = 20.38% (Net Income TTM 3.05b / Revenue TTM 15.0b)
Gross Margin = 87.51% ((Revenue TTM 15.0b - Cost of Revenue TTM 1.87b) / Revenue TTM)
Gross Margin QoQ = none% (prev 64.47%)
Tobins Q-Ratio = 3.22 (Enterprise Value 156b / Total Assets 48.3b)
Interest Expense / Debt = 3.72% (Interest Expense 527.3m / Debt 14.2b)
Taxrate = 15.03% (1.08b / 7.17b)
NOPAT = 6.22b (EBIT 7.32b * (1 - 15.03%))
Current Ratio = 0.14 (Total Current Assets 3.28b / Total Current Liabilities 22.8b)
Debt / Equity = 1.69 (Debt 14.2b / totalStockholderEquity, last quarter 8.37b)
Debt / EBITDA = 1.59 (Net Debt 11.7b / EBITDA 7.37b)
Debt / FCF = 3.49 (Net Debt 11.7b / FCF TTM 3.35b)
Total Stockholder Equity = 8.45b (last 4 quarters mean from totalStockholderEquity)
RoA = 6.53% (Net Income 3.05b / Total Assets 48.3b)
RoE = 36.16% (Net Income TTM 3.05b / Total Stockholder Equity 8.45b)
RoCE = 35.03% (EBIT 7.32b / Capital Employed (Equity 8.45b + L.T.Debt 12.4b))
RoIC = 16.33% (NOPAT 6.22b / Invested Capital 38.1b)
WACC = 9.61% (E(144b)/V(158b) * Re(10.25%) + D(14.2b)/V(158b) * Rd(3.72%) * (1-Tc(0.15)))
Discount Rate = 10.25% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 80.90 | Cagr: 1.47%
[DCF] Terminal Value 70.13% ; FCFF base≈3.44b ; Y1≈3.28b ; Y5≈3.12b
[DCF] Fair Price = 38.73 (EV 40.5b - Net Debt 11.7b = Equity 28.7b / Shares 742.2m; r=9.61% [WACC]; 5y FCF grow -6.26% → 2.50% )
EPS Correlation: 93.95 | EPS CAGR: 17.31% | SUE: 0.18 | # QB: 0
Revenue Correlation: 98.25 | Revenue CAGR: 32.04% | SUE: 1.32 | # QB: 2
EPS current Quarter (2026-09-30): EPS=1.48 | Chg30d=-4.15% | Revisions=-41% | Analysts=15
EPS current Year (2026-12-31): EPS=5.94 | Chg30d=+0.00% | Revisions=-65% | GrowthEPS=+6.6% | GrowthRev=+14.4%
EPS next Year (2027-12-31): EPS=7.54 | Chg30d=+0.00% | Revisions=-27% | GrowthEPS=+26.9% | GrowthRev=+26.6%
[Analyst] Revisions Ratio: -65%