Blackstone Group (BX) AI Stock Analysis

• Market Cap: $204.70B
• Dividend Yield: 2.4%
• Average Volume (3M): 3.67M
• Price to Earnings (P/E): 51.0
• Beta (1Y): 1.39
• Revenue Growth: 22.06%
• EPS Growth: 16.57%
• Country: US
• Employees: 4,895
• Sector: Financial
• Sector Strength: 78
• Industry: Asset Management
• EPS (TTM): 1.09
• Shares Outstanding: 729,647,950
• 10 Day Avg. Volume: 4,429,552
• 30 Day Avg. Volume: 3,674,597
• PEG Ratio: -5.64
• Price to Book (P/B): 15.80
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 86.46
• Enterprise Value/Market Cap: 1.50
• Enterprise Value/Revenue: 7.42
• Enterprise Value/Gross Profit: 28.63
• Enterprise Value/Ebitda: 13.90
• 1Y Price Target: $162.00
• Price Target Upside: -3.98% Downside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 12

• Rating: 70 Outperform
• Price Target: $175.00 ▲(3.72%Upside)

Blackstone's overall stock score is bolstered by strong financial performance and positive earnings call highlights. Despite a high valuation and overbought technical indicators, the firm's strategic initiatives and robust asset management growth signal resilience and long-term potential in a challenging market environment.

Positive Factors

Fundraising and Capital Inflows

BX finished with strong inflows, topping previous levels with broad-based capital raising including final closings for European real estate, global private equity, and PE energy transition funds.

Private Credit and Fundraising

Private credit opportunities are expanding for Blackstone, and fundraising and deployment activities are accelerating.

Wealth Channels

BX raised $11B in the wealth channels, up nearly 40% year-over-year, marking the highest in nearly 3 years, with optimism despite potential market uncertainties.

Negative Factors

Quarter-over-Quarter Revenue Decline

The update represents a 25% quarter-over-quarter decline from the realization-related revenues reported in the previous quarter.

Real Estate Recovery

A slowed real estate recovery could prevent a near-term return for BX to past peak FRE multiples above 30x.

Revenue and Earnings Expectations

The updated estimate of revenue is approximately 6% below the Visible Alpha Consensus Data expectation.

Blackstone Group Business Overview & Revenue Model

Company Description

Blackstone Group Inc. (BX) is a leading global investment firm specializing in alternative asset management, with a broad array of investment vehicles across private equity, real estate, credit, and hedge fund solutions. The firm serves a diverse client base, including public and corporate pension funds, academic and charitable institutions, sovereign wealth funds, and individual investors worldwide. Blackstone is renowned for its disciplined investment approach, aiming to deliver attractive returns across market cycles.

How the Company Makes Money

Blackstone Group makes money primarily through management fees, performance fees, and investment income. Management fees are charged to investors based on a percentage of assets under management (AUM) and provide a steady stream of revenue. Performance fees, also known as carried interest, are earned when the firm's investment funds achieve returns above a certain threshold, aligning Blackstone's interests with those of its investors. Additionally, Blackstone generates income from its own investments in the funds it manages. The firm has significant partnerships with institutional investors and leverages its extensive expertise across its investment platforms to enhance value creation. Diversification across asset classes and geographies also contributes to Blackstone's financial performance.

Blackstone Group Financial Statement Overview

Summary

Blackstone Group exhibits strong profitability and cash flow metrics, with robust EBIT and EBITDA margins. The balance sheet shows a solid equity base and decreasing leverage, enhancing financial stability. Revenue growth has fluctuated, but margins remain strong, positioning Blackstone well within the asset management industry.

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	11.16B	11.37B	7.44B	7.45B	16.85B	5.40B
Gross Profit	10.71B	10.93B	7.01B	7.13B	16.65B	5.23B
EBITDA	6.07B	6.50B	3.00B	3.53B	13.63B	2.69B
Net Income	2.54B	2.78B	1.39B	1.75B	5.86B	1.05B
Balance Sheet
Total Assets	45.26B	43.47B	40.29B	42.52B	41.20B	26.27B
Cash, Cash Equivalents and Short-Term Investments	2.39B	1.97B	2.96B	4.25B	2.12B	2.00B
Total Debt	13.39B	12.29B	12.29B	13.37B	8.71B	6.34B
Total Liabilities	25.39B	23.97B	22.21B	22.84B	19.49B	11.68B
Stockholders Equity	7.98B	8.21B	6.82B	7.66B	9.42B	6.65B
Cash Flow
Free Cash Flow	3.58B	3.42B	3.83B	6.10B	3.92B	1.82B
Operating Cash Flow	3.65B	3.48B	4.06B	6.34B	3.99B	1.94B
Investing Cash Flow	-72.93M	-61.41M	-229.65M	-235.50M	-64.32M	-166.82M
Financing Cash Flow	-2.85B	-4.50B	-5.05B	-3.79B	-3.78B	-2.24B

Blackstone Group Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 168.72
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• 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 168.72 is above the 20-day moving average (MA) of 154.92, above the 50-day MA of 146.33, and above the 200-day MA of 156.68, indicating a bullish trend. The MACD of 6.95 indicates Negative momentum. The RSI at 68.67 is Neutral, neither overbought nor oversold. The STOCH value of 88.85 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
BLK	82 Outperform	$170.97B	26.68	14.37%	2.33%	15.56%	2.86%
ARES	77 Outperform	$59.80B	105.84	12.97%	2.45%	19.02%	-22.75%
OWL	75 Outperform	$31.78B	207.55	4.62%	3.71%	32.99%	8.06%
KKR	71 Outperform	$130.02B	63.29	9.03%	0.49%	-27.45%	-46.67%
BX	70 Outperform	$204.70B	51.04	34.07%	2.40%	22.06%	16.57%
CG	70 Outperform	$21.73B	20.32	20.38%	2.33%	81.86%	―
Sector *	67 Neutral	$16.88B	11.72	9.78%	4.17%	11.83%	-7.72%

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.

The most recent analyst rating on (BX) stock is a Hold with a $154.00 price target. To see the full list of analyst forecasts on Blackstone Group stock, see the BX Stock Forecast page.