Friday 6 November 2026 Export BX’s income statement to Excel — free account

Blackstone Inc.

BX Financial Asset Management

Blackstone Inc.’s revenue for fiscal 2025 (year ended December 2025) was $14.5 billion, up 9.22% from fiscal 2024.

Revenue: −0.83%
EPS: +3.75%
Free cash flow: +125.1%
Total debt: +11.7%

Quarter to September 2026, against a year earlier

120.20 0.38 +0.32%

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Market cap: $149.0B
P/E: 26.8×
Fwd P/E: 19.9×
Dividend yield: 4.20%
F-score: 5/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Earnings & Analysis Segments Valuation Filings

Blackstone Inc. (BX) Price to free cash flow

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As of 5 November 2026, Blackstone Inc. (BX) trades at a price to free cash flow of 17.6×. Over the past ten years it has ranged from 0.0× (December 2018) to 704× (March 2019); the current reading is higher than 47% of that period. That is above the Asset Management industry median of 7.8× and above the Financial sector median of 9.7×.

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<iframe src="https://stockrow.com/embed/BX/price-to-free-cash-flow" width="100%" height="360" style="border:0" loading="lazy" title="Blackstone Inc. price to free cash flow, 10 years"></iframe>
<p style="font-size:12px">Source: <a href="https://stockrow.com/BX/metrics/price-to-free-cash-flow">Blackstone Inc. (BX) price to free cash flow — stockrow.com</a></p>

Period	Price to free cash flow	Change
FY2025	26.4×	(31.57%)
FY2024	38.6×	52.88%
FY2023	25.3×	173.46%
FY2022	9.2×	(61.08%)
FY2021	23.7×	(4.09%)
FY2020	24.8×	24.60%
FY2019	19.9×	(96.64%)
FY2018	592×	—
FY2017	0.0×	—
FY2016	0.0×	—

Period	Price to free cash flow	Change
Sep 2026	16.3×	(4.76%)
Jun 2026	17.2×	(15.93%)
Mar 2026	20.4×	(22.81%)
Dec 2025	26.4×	(27.80%)
43 more quarters	Free account

Against its own ten years

Low 0.0× High 704×

Ten-year median 18.2×

Current reading's percentile 47

Company	Price to free cash flow
STT State Street Corporation compare	n/m
AMP Ameriprise Financial, Inc. compare	6.3×
APO Apollo Global Management Inc. compare	7.5×
BX Blackstone Inc.	17.6×
NTRS Northern Trust Corporation compare	28.6×
ARES Ares Management Corporation compare	36.4×
KKR KKR & Co. Inc. compare	37.7×
BAM Brookfield Asset Management Ltd. compare	38.5×
BLK BlackRock compare	51.7×
Asset Management industry median	7.8×
Financial sector median	9.7×
Market median	14.1×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

Blackstone Inc. (BX) Price to free cash flow

Price to free cash flow, daily

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Against its own ten years

Price to free cash flow against peers

What Price to free cash flow is

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Price to free cash flow, daily

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Price to free cash flow against peers

What Price to free cash flow is

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