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Blue Owl Capital (OWL)
NYSE:OWL
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Blue Owl Capital
(NYSE:OWL)
Rating:71Outperform
Price Target:
$21.00
▲(8.53%Upside)
Positive Factors
Growth Potential
Blue Owl is projected to deliver industry-leading growth over the next five years, with a strong conviction in its long-term business trajectory.
Partnerships
The partnership with Blue Owl & Voya is a positive move, as it introduces private assets to 401(k)s and defined-contribution plans, potentially opening new growth avenues.
Negative Factors
Competition
Bank deregulation could heighten competition in the private credit market, potentially impacting Blue Owl's investment-grade market positions.
Mergers and Acquisitions
Potential headwinds for Blue Owl include mergers and acquisitions that may result in lower margins for acquired companies.
Blue Owl Capital (OWL) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$29.05B
Dividend Yield4.06%
Average Volume (3M)7.03M
Price to Earnings (P/E)338.8
Beta (1Y)1.67
Revenue Growth31.81%
EPS Growth-32.87%
CountryUS
Employees1,200
SectorFinancial
Sector Strength68
IndustryAsset Management
Share Statistics
EPS (TTM)0.21
Shares Outstanding625,652,400
10 Day Avg. Volume7,599,132
30 Day Avg. Volume7,034,277
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)0.00
Price to Sales (P/S)0.00
P/FCF Ratio0.00
Enterprise Value/Market Cap0.69
Enterprise Value/Revenue8.17
Enterprise Value/Gross Profit16.02
Enterprise Value/Ebitda24.22
Forecast
1Y Price Target
$23.55Price Target Upside21.71% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering11
Blue Owl Capital Business Overview & Revenue Model
Company DescriptionBlue Owl Capital Inc. (OWL) is a leading asset management firm specializing in providing capital solutions to middle-market businesses. The company operates across various sectors, focusing on Direct Lending, GP Capital Solutions, and Real Estate. Blue Owl Capital offers a range of innovative financial products and services, including private credit, capital solutions for private equity firms, and real estate investment strategies, catering to a diverse clientele of investors and businesses.
How the Company Makes MoneyBlue Owl Capital makes money through its diversified revenue streams across its core segments: Direct Lending, GP Capital Solutions, and Real Estate. In Direct Lending, the company generates income by providing loans to middle-market companies, earning interest and fees on these lending facilities. The GP Capital Solutions segment involves providing capital to private equity managers, with revenue generated through management fees and performance-based incentives. In the Real Estate segment, Blue Owl Capital earns money by managing real estate investments and collecting management fees and potential performance fees. Additionally, the firm benefits from strategic partnerships and a broad investor base, which contribute significantly to its earnings through asset management fees and investment returns.
Blue Owl Capital Earnings Call Summary
Earnings Call Date:Jul 31, 2025
(Q2-2025)
| % Change Since: -0.82%|
Next Earnings Date:Oct 30, 2025
Earnings Call Sentiment Positive
The earnings call reflects a strong quarter for Blue Owl Capital with record capital raises and successful fundraising across various segments. Despite some market disruptions and a slowdown in M&A activity, the company's overall performance and strategic partnerships indicate robust growth and expansion. The sentiment is predominantly positive due to the significant achievements and growth in key areas.Q2-2025 Updates
Positive Updates
Record Capital Raise
Blue Owl Capital raised $14 billion of new capital during the quarter, leading to a record capital raise of $55 billion over the last 12 months, which is 28% of their assets under management from a year ago.
Strong Financial Performance
Fee-related earnings (FRE) increased by 23%, and distributable earnings (DE) increased by 20% year-over-year on a last 12 months basis.
Successful Fundraising in Alternative Credit
Blue Owl closed a private offering of $850 million for a new interval fund, showcasing the strength of their global private wealth platform.
Growth in Real Assets and Credit
Blue Owl raised $5.1 billion of equity in net lease during the second quarter and a record $5.8 billion across their real assets platform. Similarly, they raised $5.8 billion of equity in credit in the second quarter.
Expansion in Global Investor Base
Capital raised from EMEA and APAC investors increased to 23% from 14% two years ago, reflecting the globalization of Blue Owl's business.
Partnership with Voya for 401(k) Market
Blue Owl announced a strategic partnership with Voya to deliver private market strategies in vehicles tailored for defined contribution retirement plans.
Negative Updates
Market Disruption in April
Despite successful fundraising, there were challenges due to market disruptions in April, which affected alternative credit fundraising.
Slowdown in M&A Activity
There was a slowdown in refinancing and M&A activity, impacting the deployment of capital in the direct lending segment.
Company Guidance
During Blue Owl Capital's Second Quarter 2025 Earnings Call, the firm reported strong financial performance with fee-related earnings (FRE) of $0.23 per share and distributable earnings (DE) of $0.21 per share, alongside a declared dividend of $0.225 per share. The firm raised $14 billion in new capital during the quarter, marking a record $55 billion over the last 12 months, reflecting a 28% increase in assets under management from a year ago. Blue Owl also achieved significant year-over-year growth in fee-related earnings revenues by 29%, FRE by 23%, and DE by 20%. The company has successfully closed a private offering of $850 million for a new interval fund and a $7 billion hard cap for its third flagship digital infrastructure fund. Additionally, Blue Owl highlighted the acceleration in its net lease business, raising $5.1 billion of equity in net lease during the second quarter and achieving a record $5.8 billion across its real assets platform. The firm continues to expand globally, with capital raised from EMEA and APAC investors increasing to 23% from 14% two years ago, while maintaining strong opportunities in direct lending and alternative credit markets with $10 billion in gross origination for the quarter.Blue Owl Capital Financial Statement Overview
Summary
Blue Owl Capital exhibits strong revenue growth and profitability with efficient operational margins. The balance sheet is stable with manageable debt levels, though there is potential to improve returns on equity. Cash flows are robust, underscoring effective cash generation and financial health, despite a slight decline in free cash flow growth.Income Statement
Blue Owl Capital has shown significant revenue growth, with a revenue increase from $1.36 billion in 2022 to $2.47 billion in TTM (Trailing-Twelve-Months). Its gross profit margin improved to 51.0% in TTM, indicating strong cost management. The net profit margin at 4.9% shows profitability, although it could be improved further. The EBIT margin of 18.5% and EBITDA margin of 26.9% are solid, reflecting good operational efficiency.85
Very Positive
Balance Sheet
The balance sheet reveals a manageable debt-to-equity ratio of 0.18 in TTM, suggesting low leverage risk. The equity ratio stands at 19.0%, indicating a moderate level of financial stability. However, the return on equity (ROE) of 5.2% could be more robust, reflecting room for improvement in generating returns on equity.70
Positive
Cash Flow
The cash flow statement shows strong operating cash flow of $969.9 million in TTM, with a high operating cash flow to net income ratio of 8.0, indicating efficient cash generation. The free cash flow to net income ratio is an impressive 7.4, demonstrating robust cash flow relative to earnings. However, the free cash flow growth rate has slightly declined, suggesting a need for consistent cash flow improvement.80
Positive
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.47B | 2.30B | 1.73B | 1.37B | 823.88M | 249.81M |
| Gross Profit | 1.26B | 1.02B | 860.97M | 475.04M | -673.11M | 9.08M |
| EBITDA | 831.66M | 866.04M | 632.65M | 269.67M | -1.73B | -58.05M |
| Net Income | 91.92M | 109.58M | 54.34M | -9.29M | -376.17M | -77.83M |
Balance Sheet | ||||||
| Total Assets | 12.29B | 10.99B | 8.82B | 8.89B | 8.27B | 121.60M |
| Cash, Cash Equivalents and Short-Term Investments | 97.62M | 152.09M | 104.16M | 68.08M | 42.57M | 11.63M |
| Total Debt | 3.60B | 2.98B | 2.00B | 1.86B | 1.26B | 356.39M |
| Total Liabilities | 5.86B | 5.19B | 3.54B | 3.34B | 2.42B | 622.76M |
| Stockholders Equity | 2.34B | 2.13B | 1.53B | 1.60B | 1.66B | -507.69M |
Cash Flow | ||||||
| Free Cash Flow | 898.51M | 935.37M | 881.24M | 662.91M | 276.40M | 4.58M |
| Operating Cash Flow | 969.89M | 999.55M | 949.14M | 728.45M | 281.66M | 5.23M |
| Investing Cash Flow | -834.37M | -638.14M | -118.03M | -485.22M | -1.60B | -652.00K |
| Financing Cash Flow | -215.85M | -313.48M | -795.03M | -217.72M | 1.35B | -295.00K |
Blue Owl Capital Technical Analysis
Negative
19.35
Price Trends
19.25
Positive
18.93
Positive
20.87
Negative
Market Momentum
0.04
Positive
47.63
Neutral
32.56
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For OWL, the sentiment is Negative. The current price of 19.35 is below the 20-day moving average (MA) of 19.72, above the 50-day MA of 19.25, and below the 200-day MA of 20.87, indicating a neutral trend. The MACD of 0.04 indicates Positive momentum. The RSI at 47.63 is Neutral, neither overbought nor oversold. The STOCH value of 32.56 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for OWL.
Blue Owl Capital Risk Analysis
Blue Owl Capital disclosed 74 risk factors in its most recent earnings report. Blue Owl Capital 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
Blue Owl Capital Peers Comparison
Overall Rating
UnderperformOutperform
Sector (67)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | $169.15B | 26.39 | 14.37% | 1.89% | 15.56% | 2.86% | |
76 Outperform | $59.71B | 101.83 | 12.97% | 2.24% | 46.84% | -7.13% | |
71 Outperform | $29.05B | 338.85 | 3.68% | 4.06% | 31.81% | -32.87% | |
70 Outperform | $21.20B | 19.83 | 20.38% | 2.38% | 81.86% | ― | |
67 Neutral | $17.01B | 11.59 | 9.50% | 3.95% | 10.65% | 1.31% | |
66 Neutral | $208.01B | 46.00 | 37.72% | 2.50% | 27.13% | 41.35% | |
63 Neutral | $20.64B | ― | 0.24% | 3.12% | 46.69% | -98.56% |
* Financial Sector Average
Performance Comparison
OWL
Blue Owl Capital
19.35
3.57
22.62%
BLK
BlackRock
1,116.06
293.04
35.61%
BX
Blackstone Group
170.50
43.63
34.39%
CG
Carlyle Group
60.43
22.23
58.19%
ARES
Ares Management
188.55
56.28
42.55%
TPG
TPG
57.14
15.52
37.29%
Blue Owl Capital Corporate Events
DividendsBusiness Operations and StrategyFinancial Disclosures
Blue Owl Capital Reports Strong Q2 2025 Results
Positive
Jul 31, 2025
On July 31, 2025, Blue Owl Capital Inc. announced strong financial results for the second quarter of 2025, highlighting record fundraising and over 30% growth in management fees despite market volatility. The company declared a quarterly dividend of $0.225 per Class A Share, payable on August 28, 2025, reflecting its strategic growth initiatives and expanding global distribution.
The most recent analyst rating on (OWL) stock is a Buy with a $27.00 price target. To see the full list of analyst forecasts on Blue Owl Capital stock, see the OWL Stock Forecast page.
Executive/Board ChangesShareholder Meetings
Blue Owl Capital Holds Annual Stockholders Meeting
Neutral
Jun 9, 2025
On June 9, 2025, Blue Owl Capital Inc. held its annual meeting of stockholders where key decisions were made regarding the company’s governance and financial oversight. The stockholders elected Class I directors for three-year terms, ratified the appointment of KPMG LLP as the independent registered public accounting firm for the 2025 fiscal year, and approved executive compensation for the 2024 fiscal year. Additionally, a three-year frequency for future advisory votes on executive compensation was established.
The most recent analyst rating on (OWL) stock is a Buy with a $27.00 price target. To see the full list of analyst forecasts on Blue Owl Capital stock, see the OWL Stock Forecast page.
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.