Blackstone Group (BX) AI Stock Analysis

• Market Cap: $185.52B
• Dividend Yield: 3.08%
• Average Volume (3M): 4.15M
• Price to Earnings (P/E): 43.6
• Beta (1Y): 1.32
• Revenue Growth: 33.12%
• EPS Growth: 19.86%
• Country: US
• Employees: 4,895
• Sector: Financial
• Sector Strength: 70
• Industry: Asset Management
• EPS (TTM): 1.52
• Shares Outstanding: 738,450,870
• 10 Day Avg. Volume: 4,051,927
• 30 Day Avg. Volume: 4,150,515
• 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: 0.84
• Enterprise Value/Revenue: 12.76
• Enterprise Value/Gross Profit: 13.29
• Enterprise Value/Ebitda: 24.45
• 1Y Price Target: $181.55
• Price Target Upside: 19.37% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 13
• EPS Forecast (FY): 5.28
• Revenue Forecast (FY): $12.61B

• Rating: 72 Outperform
• Price Target: $168.00 ▲(10.46% Upside)

Blackstone's strong financial performance and positive earnings call are significant strengths, driving the score. However, high leverage and valuation concerns, along with technical indicators suggesting caution, moderate the overall outlook.

Positive Factors

Revenue Growth

Strong revenue growth indicates robust business expansion and effective market strategies, enhancing long-term financial stability.

Assets Under Management

Record AUM reflects Blackstone's strong market position and ability to attract significant capital, supporting future growth and stability.

Cash Generation Ability

Efficient cash management and strong cash generation support operational flexibility and investment capacity, ensuring long-term resilience.

Negative Factors

High Leverage

High leverage can increase financial risk and limit flexibility, potentially impacting Blackstone's ability to navigate economic downturns.

Credit Defaults Concerns

Concerns over credit defaults could affect investor confidence and lead to increased scrutiny, impacting Blackstone's credit operations.

Real Estate Fundraising Challenges

Challenges in real estate fundraising may hinder growth in this sector, affecting overall revenue diversification and stability.

Blackstone Group Business Overview & Revenue Model

Company Description

Blackstone Group (BX) is a leading global investment firm specializing in private equity, real estate, hedge fund solutions, and credit. Founded in 1985, the company manages a diverse portfolio of assets across various sectors, including financial services, healthcare, technology, and energy. Blackstone provides investors with opportunities to invest in a range of asset classes, leveraging its expertise to create value through operational improvements, strategic acquisitions, and innovative financial solutions.

How the Company Makes Money

Blackstone generates revenue primarily through management fees and performance fees from its investment funds. The company earns management fees based on the assets it manages, which are calculated as a percentage of the committed capital in its private equity, real estate, and credit funds. Additionally, Blackstone collects performance fees, also known as carried interest, which are earned when the funds exceed specific return benchmarks. This model incentivizes the firm to maximize returns for its investors. Significant partnerships and relationships with institutional investors, such as pension funds and sovereign wealth funds, contribute to its capital raising efforts and overall earnings. Furthermore, Blackstone's diverse investment strategies across various sectors help mitigate risks and enhance revenue stability.

Blackstone Group Financial Statement Overview

Summary

Blackstone Group demonstrates strong financial health with robust revenue growth and profitability. The income statement shows impressive revenue growth and solid profit margins. However, the balance sheet reflects high leverage, which poses risks. Cash flow is positive, but the conversion of income to cash could improve.

Income Statement

Blackstone Group's income statement shows strong performance with a high gross profit margin of 97% and a solid net profit margin of 21.55% for the TTM. The revenue growth rate is impressive at 72.9% TTM, indicating robust expansion. However, the EBIT and EBITDA margins have slightly decreased compared to previous years, suggesting some pressure on operational efficiency.

Balance Sheet

The balance sheet reflects a high debt-to-equity ratio of 1.59, indicating significant leverage, which could pose risks if not managed carefully. Return on equity is strong at 32.88%, showcasing effective use of equity to generate profits. The equity ratio is moderate, suggesting a balanced asset structure but with room for improvement in reducing leverage.

Cash Flow

Cash flow analysis reveals a positive free cash flow growth rate of 11.32% TTM, indicating improved cash generation. The operating cash flow to net income ratio is relatively low at 0.18, suggesting potential challenges in converting income to cash. However, the free cash flow to net income ratio is healthy at 97.2%, reflecting efficient cash management.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	12.29B	11.37B	7.44B	7.45B	16.85B	5.40B
Gross Profit	11.79B	10.93B	7.01B	7.13B	16.65B	5.23B
EBITDA	6.41B	6.50B	3.00B	3.53B	13.63B	2.69B
Net Income	2.71B	2.78B	1.39B	1.75B	5.86B	1.05B
Balance Sheet
Total Assets	45.08B	43.47B	40.29B	42.52B	41.20B	26.27B
Cash, Cash Equivalents and Short-Term Investments	2.43B	1.97B	2.96B	4.25B	2.12B	2.00B
Total Debt	12.89B	12.29B	12.29B	13.37B	8.71B	6.34B
Total Liabilities	25.19B	23.97B	22.21B	22.84B	19.49B	11.68B
Stockholders Equity	8.40B	8.21B	6.82B	7.66B	9.42B	6.65B
Cash Flow
Free Cash Flow	3.65B	3.42B	3.83B	6.10B	3.92B	1.82B
Operating Cash Flow	3.76B	3.48B	4.06B	6.34B	3.99B	1.94B
Investing Cash Flow	-105.24M	-61.41M	-229.65M	-235.50M	-64.32M	-166.82M
Financing Cash Flow	-3.35B	-4.50B	-5.05B	-3.79B	-3.78B	-2.24B

Blackstone Group Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 152.09
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

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 152.09 is above the 20-day moving average (MA) of 148.45, above the 50-day MA of 149.49, and above the 200-day MA of 151.08, indicating a bullish trend. The MACD of 1.42 indicates Negative momentum. The RSI at 57.05 is Neutral, neither overbought nor oversold. The STOCH value of 38.14 is Neutral, 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	77 Outperform	$174.26B	27.76	12.61%	1.95%	15.79%	-3.85%
BX	72 Outperform	$185.52B	43.62	35.17%	3.08%	33.12%	19.86%
KKR	69 Neutral	$118.89B	56.82	8.73%	0.55%	-33.80%	-24.81%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
ARES	64 Neutral	$56.75B	73.96	18.64%	2.66%	50.70%	7.32%
TPG	61 Neutral	$25.12B	693.42	7.19%	2.98%	25.02%	235.70%
CG	59 Neutral	$20.82B	32.15	11.85%	2.42%	-24.62%	437.16%

Blackstone Group Corporate Events

Blackstone Group Completes $1.2 Billion Senior Notes Offering

On November 3, 2025, Blackstone Inc. announced the completion of its offering of $1.2 billion in senior notes through its subsidiary, Blackstone Reg Finance Co. L.L.C. The offering includes $600 million of 4.300% senior notes due 2030 and $600 million of 4.950% senior notes due 2036, with the proceeds intended for general corporate purposes. The notes are unsecured and unsubordinated obligations, fully guaranteed by Blackstone and its subsidiaries. The issuance is part of a strategy to strengthen Blackstone’s financial position and support its operational flexibility, with implications for stakeholders including potential impacts on the company’s credit profile and market positioning.

Blackstone Group Announces $1.2 Billion Notes Offering

On October 28, 2025, Blackstone Inc. announced the pricing of a $1.2 billion senior notes offering through its indirect subsidiary, Blackstone Reg Finance Co. L.L.C. The offering includes $600 million of 4.300% senior notes due 2030 and $600 million of 4.950% senior notes due 2036, fully guaranteed by Blackstone and its subsidiaries. The proceeds from this offering are intended for general corporate purposes, potentially enhancing Blackstone’s financial flexibility and supporting its strategic initiatives.

Blackstone Group Announces Senior Notes Offering

On October 28, 2025, Blackstone Inc. announced its intention to offer senior notes through its indirect subsidiary, Blackstone Reg Finance Co. L.L.C. The offering, subject to market conditions, is fully guaranteed by Blackstone and its subsidiaries. The proceeds from this offering are intended for general corporate purposes, potentially impacting the company’s financial flexibility and market positioning.

Blackstone Group Secures $4.325 Billion Credit Facility

On October 16, 2025, Blackstone Holdings Finance Co. L.L.C. and its guarantors entered into a $4.325 billion amended and restated revolving credit facility with Citibank, extending the maturity date to October 16, 2030, and increasing the required minimum fee-generating assets under management to $355.0 billion. This move is expected to enhance Blackstone’s financial flexibility and strengthen its market position by aligning its credit facility terms with its growth in managed assets.

Blackstone Reports $525M Revenue from Realizations

On September 24, 2025, Blackstone announced a preliminary estimate of over $525 million in revenue from realization activities between July 1 and September 24, 2025. This figure, primarily from Realized Performance Revenues, may not reflect the total for the quarter ending September 30, 2025, as further gains or losses could occur.