Blackstone Inc. (BX)
Financials · Alternative asset management / Private markets
Global alternative asset manager operating massive private equity, real estate, and credit platforms generating fees and carried interest across $1+ trillion AUM.
What Blackstone Inc. does
Blackstone is a leading alternative asset management company that generates revenue primarily through management fees, transaction fees, and performance revenues (carried interest and incentive fees) earned from its managed funds. The company operates across private equity, real estate, credit, and hedge fund strategies, investing capital alongside its investors and earning performance allocations when funds achieve targeted returns. Blackstone also provides capital markets services and derives income from net investment gains and investment income generated by its various managed funds.
Themes: ["Alternative asset management","Private equity / buyouts","Real estate capital","Credit and debt markets","Institutional capital deployment","Performance-based revenues","Multi-asset class platform","Direct investing"]
Fundamentals
- Price$122.15 as of 2026-07-09 close
- Market cap$149.5B as of 2026-07-10
- 1-year return-23.0% as of 2026-07-09 close
- P/E48.94 as of 2026-07-10
- Net margin+20.7% as of 2026-07-10
- Gross margin+83.1% as of 2026-07-10
- ROE+36.2% as of 2026-07-10
- Debt / equity1.59 as of 2026-07-10
- Revenue growth (YoY)+15.2% as of 2026-07-10
- Revenue CAGR (3y)+19.3% SEC XBRL
- Beta1.57 as of 2026-07-10
Dividend: yield +2.5%; 3-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
["Blackstone's revenues and profitability are materially affected by financial market conditions and economic cycles; equity market volatility, credit market spreads, and capital markets activity (IPOs, M&A) directly impact carried interest realization and management fees on AUM.","The company faces concentration risk in performance revenues tied to investment returns; carry realization depends on achieving target returns in its funds, which are exposed to portfolio company fundamentals, industry conditions, and overall market downturns.","Rising geopolitical turbulence, artificial intelligence-driven disruption concerns, and uncertainty regarding inflation and interest rate trajectories have recently adversely impacted investor sentiment and the broader market environment in which Blackstone operates."]
Competitors & peers
- Apollo Global Management (APO)
- KKR (KKR)
- Carlyle Group (CG)
- Brookfield Asset Management (BAM)
- Ares Management (ARES)
- TPG (TPG)
- Oaktree Capital Group
- Vanguard
- Fidelity
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.