Blackstone Group (BX) AI Stock Analysis

• Market Cap: $230.43B
• Dividend Yield: 2.27%
• Average Volume (3M): 3.57M
• Price to Earnings (P/E): 50.9
• Beta (1Y): 1.45
• Revenue Growth: 23.08%
• EPS Growth: 41.35%
• Country: US
• Employees: 4,895
• Sector: Financial
• Sector Strength: 70
• Industry: Asset Management
• EPS (TTM): 1.21
• Shares Outstanding: 737,091,700
• 10 Day Avg. Volume: 3,811,049
• 30 Day Avg. Volume: 3,566,261
• PEG Ratio: 0.49
• Price to Book (P/B): 16.09
• Price to Sales (P/S): 11.62
• P/FCF Ratio: 38.64
• Enterprise Value/Market Cap: 0.61
• Enterprise Value/Revenue: 11.24
• Enterprise Value/Gross Profit: 11.69
• Enterprise Value/Ebitda: 20.71
• 1Y Price Target: $187.44
• Price Target Upside: -0.10% Downside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 17

• Rating: 76 Outperform
• Price Target: $196.00 ▲(4.47% Upside)

Blackstone's strong financial performance, particularly in revenue growth and profitability, is a key strength. The bullish technical indicators further support a positive outlook. However, the high valuation and potential risks from high leverage and declining cash flow growth temper the overall score. The positive sentiment from the earnings call adds confidence in future growth prospects.

Positive Factors

Asset Under Management Growth

The growth in assets under management indicates strong investor confidence and the ability to attract capital, which supports long-term revenue stability through management fees.

Fee-Related Earnings Growth

The increase in fee-related earnings enhances Blackstone's revenue base, providing a more predictable and stable income stream that supports sustainable business operations.

Innovative Partnerships

Strategic partnerships like the one with Legal & General can open new investment opportunities and enhance Blackstone's market position, contributing to long-term growth.

Negative Factors

High Debt Levels

High leverage can pose financial risks, potentially affecting Blackstone's ability to invest in new opportunities and manage economic downturns effectively.

Declining Cash Flow Growth

Decreasing cash flow growth may limit Blackstone's ability to fund new investments and return capital to shareholders, impacting long-term financial flexibility.

Challenges in Real Estate

Ongoing challenges in the real estate sector could hinder Blackstone's performance in this segment, affecting overall profitability and growth prospects.

Blackstone Group Business Overview & Revenue Model

Company 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.

How the Company Makes Money

Blackstone generates revenue primarily through management fees and performance fees. Management fees are charged as a percentage of the assets under management (AUM) and are typically stable, providing a consistent income stream. Performance fees, also known as carried interest, are earnings derived from the profits generated by investments, which incentivize the firm to maximize returns for its investors. In addition to these core revenue streams, Blackstone benefits from strategic partnerships with various institutional investors and corporations, enabling it to access capital and investment opportunities. The firm also engages in co-investments alongside its funds, which can further enhance its earnings potential. Overall, Blackstone's diversified investment strategies and expansive global presence contribute significantly to its financial performance.

Blackstone Group Financial Statement Overview

Summary

Blackstone Group demonstrates strong profitability and cash flow metrics, with robust margins and a solid equity base. Despite some revenue growth fluctuations, the company's financial health remains strong, supported by decreasing leverage and effective cost management.

Income Statement

The income statement for Blackstone Group demonstrates strong profitability metrics with a consistent gross profit margin and net profit margin in the recent TTM period. Revenue growth rate fluctuated due to a significant drop from 2021 to 2022, followed by a recovery. EBIT and EBITDA margins are robust, indicating effective cost management and operational efficiency.

Balance Sheet

Blackstone Group's balance sheet shows a solid equity base with an improving debt-to-equity ratio, thanks to reduced total debt levels over time. The return on equity is strong, reflecting efficient use of shareholder funds, but the equity ratio declined slightly, indicating a higher portion of assets financed by liabilities.

Cash Flow

The cash flow statement highlights steady operating cash flow and a stable free cash flow position. The free cash flow to net income ratio is favorable, suggesting good cash generation relative to earnings. Although there is a slight volatility in free cash flow growth, overall cash flow metrics are healthy.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	12.47B	11.37B	7.44B	7.45B	16.85B	5.40B
Gross Profit	11.99B	10.93B	7.01B	7.13B	16.65B	5.23B
EBITDA	6.77B	6.50B	3.00B	3.53B	13.63B	2.69B
Net Income	2.86B	2.78B	1.39B	1.75B	5.86B	1.05B
Balance Sheet
Total Assets	45.37B	43.47B	40.29B	42.52B	41.20B	26.27B
Cash, Cash Equivalents and Short-Term Investments	2.55B	1.97B	2.96B	4.25B	2.12B	2.00B
Total Debt	12.01B	12.29B	12.29B	13.37B	8.71B	6.34B
Total Liabilities	24.29B	23.97B	22.21B	22.84B	19.49B	11.68B
Stockholders Equity	8.35B	8.21B	6.82B	7.66B	9.42B	6.65B
Cash Flow
Free Cash Flow	3.28B	3.42B	3.83B	6.10B	3.92B	1.82B
Operating Cash Flow	3.38B	3.48B	4.06B	6.34B	3.99B	1.94B
Investing Cash Flow	-100.70M	-61.41M	-229.65M	-235.50M	-64.32M	-166.82M
Financing Cash Flow	-3.34B	-4.50B	-5.05B	-3.79B	-3.78B	-2.24B

Blackstone Group Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 187.62
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BX, the sentiment is Positive. The current price of 187.62 is above the 20-day moving average (MA) of 176.03, above the 50-day MA of 172.17, and above the 200-day MA of 157.23, indicating a bullish trend. The MACD of 4.81 indicates Negative momentum. The RSI at 70.14 is Negative, neither overbought nor oversold. The STOCH value of 86.40 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for BX.

Blackstone Group Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BX	76 Outperform	$230.43B	50.93	37.72%	2.27%	23.08%	41.35%
CG	76 Outperform	24.66B	19.89	18.20%	2.05%	101.10%	0.00%
BLK	74 Outperform	186.50B	27.62	13.03%	1.81%	15.88%	2.87%
ARES	64 Neutral	59.79B	104.69	11.00%	2.34%	45.89%	-9.53%
TPG	63 Neutral	24.16B	-348.26	0.00%	2.99%	43.48%	-24.02%
KKR	62 Neutral	132.68B	71.42	7.27%	0.48%	-24.62%	-48.96%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%

Blackstone Group Corporate Events

Blackstone Reports $425M Revenue from Realizations

On June 24, 2025, Blackstone announced a preliminary estimate of over $425 million in revenue from realization activities for the period from April 1, 2025, to June 24, 2025. This estimate includes realized performance revenues and principal investment income, primarily from investment realizations closed in the second quarter, but does not predict total revenues for the quarter ending June 30, 2025, as results may differ materially.