Blackstone Inc. BX

118.42 1.21 1.03% as of 25 Sep
Market cap
$145.4B
P/E
26.5×
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Blackstone Inc. (BX) Free cash flow margin

Blackstone Inc.'s free cash flow margin over the twelve months to 30 June 2026 was 34.1%, up 2.6 percentage points from fiscal 2025 (31.5%). Over the past ten years it has ranged from −23.1% (fiscal 2017) to 71.6% (fiscal 2022); the current reading is higher than 73% of that period. That is above the Asset Management industry median of 12.4% and above the Financial sector median of 15.6%.

Free cash flow margin, annual

Annual

Period Free cash flow margin Change (points)
FY2025 31.5% 5.62
FY2024 25.9% (21.92)
FY2023 47.8% (23.85)
FY2022 71.6% 54.25
FY2021 17.4% (12.53)
FY2020 29.9% 3.97
FY2019 25.9% 25.53
FY2018 0.40% 23.50
FY2017 −23.1% (20.95)
FY2016 −2.15% (52.46)

Against its own ten years

Low −23.1% High 71.6%
Ten-year median 25.9%
Current reading's percentile 73

Free cash flow margin against peers

Company Free cash flow margin
AMP Ameriprise Financial, Inc. compare 41.4%
BAM Brookfield Asset Management Ltd. compare 40.8%
BX Blackstone Inc. 34.1%
APO Apollo Global Management Inc. compare 26.4%
ARES Ares Management Corporation compare 14.0%
BLK BlackRock compare 12.9%
KKR KKR & Co. Inc. compare 11.0%
STT State Street Corporation compare 8.78%
NTRS Northern Trust Corporation compare −1.44%
Asset Management industry median 12.4%
Financial sector median 15.6%
Market median 0.00%

What Free cash flow margin is

Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.

(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue

The full definition of Free cash flow margin →

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