Want to see BX full AI Analyst Report?
Top Page
Blackstone Group
(NYSE:BX)
Select Model
Select Model
Rating:72Outperform
Price Target:
$137.00
â–²(6.14% Upside)
Action:Reiterated
Date:06/24/26
BX scores well primarily on financial performance and earnings-call fundamentals: strong profitability, solid free cash flow, and re-accelerating revenue, supported by management’s upbeat outlook and broad AUM/inflow strength. The score is held back by balance-sheet leverage, cyclicality/volatility inherent in realizations and fees, only moderate technical confirmation (still below the 200-day average), and a relatively high P/E despite an attractive dividend yield.
Positive Factors
Fee and AUM Growth
Sustained fundraising and higher fee-earning AUM create a more predictable recurring fee base. Large net inflows and record management fees expand stable revenue runway, supporting fee growth even if performance fees fluctuate; this strengthens long-term cash generation and client stickiness.
Negative Factors
Elevated Leverage
Meaningful leverage reduces financial flexibility and increases sensitivity to interest costs and market stress. Higher debt relative to equity constrains capital allocation, raises refinancing risk and could limit opportunistic investing or dividend flexibility if markets tighten over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Fee and AUM Growth
Sustained fundraising and higher fee-earning AUM create a more predictable recurring fee base. Large net inflows and record management fees expand stable revenue runway, supporting fee growth even if performance fees fluctuate; this strengthens long-term cash generation and client stickiness.
Read all positive factors
Blackstone Group Key Performance Indicators (KPIs)
Any
Assets Under Management
Indicates the total value of assets that Blackstone Group manages on behalf of clients, reflecting the scale of its operations and potential for fee-based revenue growth.
Indicates the total value of assets that Blackstone Group manages on behalf of clients, reflecting the scale of its operations and potential for fee-based revenue growth.
Data provided by:
The Fly
The FlyBlackstone Group (BX) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$140.96B
Dividend Yield3.02%
Average Volume (3M)5.13M
Price to Earnings (P/E)29.5
Beta (1Y)1.24
Revenue Growth17.79%
EPS Growth17.92%
CountryUS
Employees4,895
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)3.91
Shares Outstanding742,879,800
10 Day Avg. Volume5,246,215
30 Day Avg. Volume5,126,687
Financial Highlights & Ratios
PEG Ratio5.53
Price to Book (P/B)13.89
Price to Sales (P/S)8.70
P/FCF Ratio68.98
Enterprise Value/Market Cap1.15
Enterprise Value/Revenue10.80
Enterprise Value/Gross Profit12.34
Enterprise Value/Ebitda21.96
Forecast
1Y Price Target
$147.58Price Target Upside14.33% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering12
EPS Forecast (FY)5.89
Revenue Forecast (FY)$14.86B
Blackstone Group Business Overview & Revenue Model
Company Description
Blackstone Inc. operates as a prominent alternative asset manager, specializing in a broad spectrum of investment strategies. Its expertise encompasses real estate, private equity, credit solutions, comprehensive hedge fund offerings, public debt ...
How the Company Makes Money
Blackstone primarily makes money by managing assets for clients and earning (1) recurring management fees and (2) performance-based income, supplemented by (3) investment income on its own capital and, to a lesser extent, (4) advisory/transaction-...
Blackstone Group Earnings Call Summary
Earnings Call Date:Apr 23, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Jul 16, 2026
Earnings Call Sentiment Positive
The call highlights broad-based strength across earnings, fee growth, fundraising and AUM expansion, led by infrastructure, data centers and diversified credit and wealth momentum. Management acknowledged near-term headwinds from geopolitical volatility, slower realization activity, concentrated software valuation pressures and retail redemptions in some credit retail vehicles (BCRED). On balance, the firm's scale, recordable embedded performance revenue, strong institutional demand, fundraising successes and positioning in AI-related infrastructure outweigh the near-term execution and market headwinds.Positive Updates
Strong Earnings and Dividend
GAAP net income of $1.3 billion; distributable earnings of $1.8 billion ($1.36 per common share), up 25% year-over-year; declared dividend of $1.16 per share.
Negative Updates
Market Volatility and Geopolitical Headwinds
Operating backdrop marked by geopolitical turbulence (Middle East conflict/Iran) and AI disruption fears; largest quarterly increase in oil prices in over 35 years contributed to market volatility and pushed exit pipelines out.
Read all updates
Q1-2026 Updates
Positive
Negative
Strong Earnings and Dividend
GAAP net income of $1.3 billion; distributable earnings of $1.8 billion ($1.36 per common share), up 25% year-over-year; declared dividend of $1.16 per share.
Read all positive updates
Company Guidance
Management said it expects continued momentum and accelerating fee growth later in 2026 as fee‑holiday drawdown funds ramp and IPO/realization activity rebounds if the Middle East conflict abates (10‑Q filing expected in a few weeks). Q1 results cited as context included GAAP net income $1.3B, distributable earnings $1.8B ($1.36/share, +25% YoY), fee‑related earnings $1.5B ($1.26/share, +23% YoY), fee revenues $2.6B and management fees $2.1B, net realizations $448M (+26% YoY), gross performance revenues $780M (+70% YoY) and store value of $7B ($5.69/share) with performance‑eligible AUM $635B; overall AUM topped $1.3T (+12% YoY) with Q1 inflows $69B and ~ $250B LTM. They highlighted business‑level runways and fundraising wins—infrastructure $84B (+41% YoY), BXMA >$100B (+15% YoY; Q1 +1.7%, 24 consecutive positive quarters), credit $536B (+15% YoY; $130B investment‑grade, +23% YoY, $74B dry powder), private wealth $310B (+14% YoY)—but cautioned defaults may rise from historic lows even as they expect base rates to decline once the conflict is resolved.Blackstone Group Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
64
Positive
Cash Flow
70
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 14.99B | 13.83B | 11.37B | 7.44B | 7.45B | 16.85B |
| Gross Profit | 13.12B | 11.90B | 10.93B | 7.01B | 7.13B | 16.65B |
| EBITDA | 7.37B | 7.21B | 6.50B | 3.00B | 3.53B | 13.63B |
| Net Income | 3.05B | 3.02B | 2.78B | 1.39B | 1.75B | 5.86B |
Balance Sheet | ||||||
| Total Assets | 48.33B | 47.71B | 43.47B | 40.29B | 42.52B | 41.20B |
| Cash, Cash Equivalents and Short-Term Investments | 2.45B | 2.63B | 1.97B | 2.96B | 4.25B | 2.12B |
| Total Debt | 14.16B | 13.31B | 12.29B | 12.29B | 13.37B | 8.71B |
| Total Liabilities | 26.91B | 25.83B | 23.97B | 22.21B | 22.84B | 19.49B |
| Stockholders Equity | 8.37B | 8.67B | 8.21B | 6.82B | 7.66B | 9.42B |
Cash Flow | ||||||
| Free Cash Flow | 3.35B | 1.74B | 3.42B | 3.83B | 6.10B | 3.92B |
| Operating Cash Flow | 3.47B | 1.86B | 3.48B | 4.06B | 6.34B | 3.99B |
| Investing Cash Flow | 1.14B | 5.28B | -61.41M | -229.65M | -235.50M | -64.32M |
| Financing Cash Flow | -5.30B | -6.40B | -4.50B | -5.05B | -3.79B | -3.78B |
Blackstone Group Technical Analysis
Negative
129.08
Price Trends
120.47
Negative
118.47
Negative
135.73
Negative
Market Momentum
-0.39
Positive
44.16
Neutral
11.99
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BX, the sentiment is Negative. The current price of 129.08 is above the 20-day moving average (MA) of 118.84, above the 50-day MA of 120.47, and below the 200-day MA of 135.73, indicating a bearish trend. The MACD of -0.39 indicates Positive momentum. The RSI at 44.16 is Neutral, neither overbought nor oversold. The STOCH value of 11.99 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for BX.
Blackstone Group Risk Analysis
Blackstone Group disclosed 60 risk factors in its most recent earnings report. Blackstone Group reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Blackstone Group Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | $157.09B | 23.91 | 11.52% | 1.92% | 22.84% | -3.04% | |
72 Outperform | $140.96B | 29.50 | 36.16% | 3.02% | 17.79% | 17.92% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
66 Neutral | $15.25B | 48.84 | 12.56% | 3.03% | 11.60% | 28307.69% | |
64 Neutral | $36.00B | 48.29 | 14.54% | 2.65% | 46.89% | 21.89% | |
62 Neutral | $80.93B | 28.61 | 9.92% | 0.56% | 35.81% | 27.22% | |
54 Neutral | $14.90B | 27.19 | 9.65% | 2.30% | -26.37% | -49.86% |
* Financial Sector Average
BX
Blackstone Group
115.40
-28.94
-20.05%
BLK
BlackRock
964.71
-63.01
-6.13%
KKR
KKR & Co
90.13
-42.02
-31.80%
CG
Carlyle Group
41.40
-8.68
-17.34%
ARES
Ares Management
109.13
-57.90
-34.66%
TPG
TPG
39.69
-10.54
-20.98%
Blackstone Group Corporate Events
Business Operations and StrategyFinancial Disclosures
Blackstone Projects Strong Second-Quarter Performance Fee Realizations
Positive
Jun 23, 2026
Blackstone reported on June 23, 2026 that it expects to generate more than $500 million in realized performance revenues and realized principal investment income from realization activity between April 1 and June 23, 2026, with the figure composed...
Business Operations and StrategyFinancial Disclosures
Blackstone Issues Strong Q1 Intra-Quarter Realization Update
Positive
Mar 24, 2026
On March 24, 2026, Blackstone announced a preliminary estimate of revenue from realization activity for the period January 1 to March 24, 2026, indicating it expects to record more than $680 million in total Realized Performance Revenues and Reali...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.