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

120.08 0.26 +0.22%
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

Blackstone Inc. (BX) Return on invested capital

Alert me on Return on invested capital

Blackstone Inc.'s return on invested capital over the twelve months to 30 September 2026 was 16.2%, up 2.2 percentage points from fiscal 2025 (14.0%). Over the past ten years it has ranged from 6.24% (fiscal 2015) to 30.1% (fiscal 2021); the current reading is higher than 82% of that period. That is above the Asset Management industry median of 2.12% and above the Financial sector median of 4.70%.

Return on invested capital, annual

Embed this chart

Annual newest first

Period Return on invested capital Change (points)
FY2025 14.0% (0.37)
FY2024 14.4% 6.76
FY2023 7.63% (0.95)
FY2022 8.58% (21.47)
FY2021 30.1% 21.04
FY2020 9.01% 0.12
FY2019 8.89% (0.88)
FY2018 9.77% 1.12
FY2017 8.65% 1.15
FY2016 7.50% 1.26

Against its own ten years

Low 6.24% High 30.1%
Ten-year median 8.89%
Current reading's percentile 82

Return on invested capital against peers

Company Return on invested capital
AMP Ameriprise Financial, Inc. compare 239.2%
BAM Brookfield Asset Management Ltd. compare 19.7%
BX Blackstone Inc. 16.2%
APO Apollo Global Management Inc. compare 6.57%
KKR KKR & Co. Inc. compare 1.08%
ARES Ares Management Corporation compare 0.00%
STT State Street Corporation compare 0.00%
NTRS Northern Trust Corporation compare 0.00%
BLK BlackRock compare 0.00%
Asset Management industry median 2.12%
Financial sector median 4.70%
Market median 0.00%

What Return on invested capital is

Return on Invested Capital shows how much after-tax operating profit a company earns on the money its lenders and shareholders have put in.

TTM: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) (latest quarter) + Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter) − Cash & Short Term Investments (latest quarter)); Annual: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) + Long Term Debt (Total) + Current Part of Debt − Cash & Short Term Investments)

The full definition of Return on invested capital →

More on BX