Blackstone Inc.
Blackstone Inc.’s revenue for fiscal 2025 (year ended December 2025) was $14.5 billion, up 9.22% from fiscal 2024. In the quarter to June 2026, revenue grew 35.9%, EPS grew 57.1%, free cash flow grew 125.1% and total debt rose 9.87%, each against the same quarter a year earlier. Member of the S&P 500; insiders bought in the last twelve months.
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Blackstone Inc. (BX) P/B ratio
As of 16 October 2026, Blackstone Inc. (BX) trades at a P/B ratio of 4.0×. Over the past ten years it has ranged from 1.2× (January 2019) to 8.2× (November 2024); the current reading is higher than 67% of that period. That is above the Asset Management industry median of 0.9× and above the Financial sector median of 1.2×.
P/B ratio, daily
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Annual newest first
| Period | P/B ratio | Change |
|---|---|---|
| FY2025 | 5.9× | (17.04%) |
| FY2024 | 7.1× | 23.31% |
| FY2023 | 5.7× | 82.68% |
| FY2022 | 3.1× | (27.08%) |
| FY2021 | 4.3× | 38.41% |
| FY2020 | 3.1× | 23.49% |
| FY2019 | 2.5× | 111.61% |
| FY2018 | 1.2× | (26.84%) |
| FY2017 | 1.6× | 9.81% |
| FY2016 | 1.5× | (3.79%) |
Quarterly newest first
| Period | P/B ratio | Change |
|---|---|---|
| Jun 2026 | 4.5× | (0.95%) |
| Mar 2026 | 4.5× | (23.07%) |
| Dec 2025 | 5.9× | (12.78%) |
| Sep 2025 | 6.7× | 12.57% |
| 42 more quarters | Free account |
Against its own ten years
P/B ratio against peers
| Company | P/B ratio |
|---|---|
| KKR KKR & Co. Inc. compare | 1.0× |
| APO Apollo Global Management Inc. compare | 1.6× |
| STT State Street Corporation compare | 2.0× |
| NTRS Northern Trust Corporation compare | 2.4× |
| BLK BlackRock compare | 3.0× |
| ARES Ares Management Corporation compare | 3.6× |
| BX Blackstone Inc. | 4.0× |
| AMP Ameriprise Financial, Inc. compare | 7.2× |
| BAM Brookfield Asset Management Ltd. compare | 7.9× |
| Asset Management industry median | 0.9× |
| Financial sector median | 1.2× |
| Market median | 1.7× |
What P/B ratio is
Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.
Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))
More on BX
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- Price to free cash flow
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- The full statement