Analyze Portfolio
NYSE · Financials

Blackstone Inc. (BX)

As-reported financials and recent SEC filings for Blackstone Inc., latest fiscal period FY2025. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About Blackstone Inc.

Blackstone Inc. is a global alternative asset manager with over $1.3 trillion in assets under management. The company offers investment strategies across real estate, private equity, credit, infrastructure, life sciences, and hedge funds, serving institutional and individual investors. Blackstone operates through four main segments: Real Estate, Private Equity, Credit & Insurance, and Multi-Asset Investing.

Snapshot

Revenue
$14.45B
Revenue growth (YoY)
9.2%
Net income
$3.02B
Diluted EPS
$3.87
Gross margin
Operating margin
Net margin
20.9%
FCF margin
31.5%
ROE
P/E (TTM)
29.7×
Market cap
$165.03B
Debt / equity

Fundamentals are from SEC filings. P/E and market cap are derived from recent market prices, refreshed on a rolling basis (typically within the past week).

What changed at Blackstone

  • Revenue grew 9.2% to $14.5B in FY2025, slower than the 64.9% the year before.
  • Most recent quarter Q1 FY2026: revenue $3.6B, up 10.0% from Q1 FY2025.
  • Free cash flow was $4.5B in FY2025, 31.5% of revenue.
  • Net income rose 8.7% to $3.0B in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Blackstone’s fundamentals sit among the 424 Financials companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Net margin20.9%
60th percentile of 378
FCF margin31.5%
72nd percentile of 273
Revenue growth (YoY)+9.2%
47th percentile of 420
P/E (TTM)29.7×
86th percentile of 316
Short interest6.07d
74th percentile of 419

Blackstone’s P/E of 29.7 ranks in the 86th percentile of the 316 peers with a meaningful P/E.

3 open-market insider buys totaling $53,974 in the last 90 days, against 2 sales totaling $3.8M. For context, about 16% of companies in the universe saw any open-market insider buying in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 5 of the superinvestors we track (plus 6 quant / multi-strat books), based on each investor’s most recent 13F (latest Q1 2026).

Conviction investors
5
+6 quant / multi-strat
Initiated / added
7
3 new, 4 added
Reduced / exited
3
2 trimmed, 1 exited
Combined position
$1.06B
reported long value
InvestorAs ofPosition valueSharesChange
D. E. ShawquantQ1 2026$434.9M3.8MAdded
Renaissance TechnologiesquantQ1 2026$164.6M1.4MNew
Markel GroupQ1 2026$141.3M1.2MHeld
AQR Capital ManagementquantQ1 2026$109.4M963.0KAdded
Citadel AdvisorsquantQ1 2026$71.5M621.6KReduced
Two Sigma InvestmentsquantQ1 2026$58.8M511.4KNew
Gotham Asset ManagementQ1 2026$30.4M264.8KAdded
Millennium ManagementquantQ1 2026$26.4M229.2KReduced
Soros Fund ManagementQ1 2026$19.9M173.5KNew
Bridgewater AssociatesQ1 2026$1.8M15.3KAdded
Harris Associates (Oakmark)Q1 2026$431,2133.8KHeld

No longer held by: Point72 Asset Management (as of Q1 2026)

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
3
1 insider
Bought (90d)
$54K
open-market value
Sells (90d)
2
$3.8M
Signal
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-05-11
filed 2026-05-13
Porat RuthDirectorBuy229$123.19$28K
2026-05-11
filed 2026-05-13
Porat RuthDirectorBuy126$122.77$15K
2026-05-11
filed 2026-05-13
Porat RuthDirectorBuy84$122.77$10K
2026-05-01
Sawhney VikrantChief Administrative OfficerSell17.0K$125.55$2.1M
2026-05-01
Sawhney VikrantChief Administrative OfficerSell13.0K$126.11$1.6M

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
23.6M
settled 2026-07-15
Change vs prior
+2.1%
vs previous settlement
Days to cover
6.07
at avg daily volume
Avg daily volume
3.9M
FINRA reported
SettlementShares shortChangeDays to cover
2026-07-1523.6M+2.1%6.07
2026-06-3023.1M+14.5%3.69
2026-06-1520.2M+2.5%3.76
2026-05-2919.7M+7.7%3.95
2026-05-1518.3M+3.0%4.07
2026-04-3017.8M-8.5%2.70
2026-04-1519.4M-9.6%2.84
2026-03-3121.5M+44.9%1.82

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$14.45B$13.23B$8.02B$8.52B$22.58B
Gross profit
Operating income
Net income$3.02B$2.78B$1.39B$1.75B$5.86B
Diluted EPS$3.87$3.62$1.84$2.36$8.13

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full methodology.

Balance sheet (as reported)

 FY2025FY2024FY2023FY2022FY2021
Cash and equivalents$2.63B$1.97B$2.96B$4.25B$2.12B
Current assets
Total assets$47.71B$43.47B$40.29B$42.52B$41.20B
Current liabilities
Long-term debt$12.58B$11.46B$11.61B$12.49B$7.86B
Total liabilities$25.83B$23.97B$22.21B$22.84B$19.49B
Total equity$20.50B$18.69B$16.90B$17.97B$21.64B

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full methodology.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$4.66B$3.48B$4.06B$6.34B$3.99B
Capital expenditure$115.7M$61.4M$224.2M$235.5M$64.3M
Free cash flow$4.55B$3.42B$3.83B$6.10B$3.92B

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full methodology.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q1 FY2026$3.62B10.0%$649.7M$0.83
Q4 FY2025$4.36B41.4%$1.02B$1.30
Q3 FY2025$3.09B-15.7%$624.9M$0.80
Q2 FY2025$3.71B32.7%$764.2M$0.98
Q1 FY2025$3.29B-10.8%$614.9M$0.80
Q4 FY2024$3.08B139.9%$703.9M$0.92
Q3 FY2024$3.66B44.1%$780.8M$1.02
Q2 FY2024$2.80B-0.7%$444.4M$0.58

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNYSE
SectorFinancials
SIC industryInvestment Advice
Fiscal year endDecember 31
Latest fiscal periodFY2025
SEC filings since2017
SEC CIK1393818

Recent SEC filings

10-K2026-02-27
View on EDGAR →
10-K2025-02-28
View on EDGAR →
10-Q2026-05-08
View on EDGAR →
10-Q2025-11-07
View on EDGAR →
10-Q2025-08-08
View on EDGAR →
10-Q2025-05-02
View on EDGAR →
8-K2026-07-23
View on EDGAR →
8-K2026-06-23
View on EDGAR →

Largest Financials peers

All Financials companies →

BX head to head

Monitor BX

Get an alert when Blackstone files something material, see which superinvestors own it, and ask its filings a question with cited answers.

Monitor BX free

Includes one free filing-grounded research answer. Or check your whole portfolio, no account needed.

Data sourced from SEC EDGAR (public domain). Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.