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) Return on invested capital
Blackstone Inc.'s return on invested capital over the twelve months to 30 June 2026 was 15.1%, up 1.1 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 2.97% and above the Financial sector median of 4.85%.
Return on invested capital, annual
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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
Return on invested capital against peers
| Company | Return on invested capital |
|---|---|
| AMP Ameriprise Financial, Inc. compare | 154.8% |
| BAM Brookfield Asset Management Ltd. compare | 19.7% |
| APO Apollo Global Management Inc. compare | 16.2% |
| BX Blackstone Inc. | 15.1% |
| ARES Ares Management Corporation compare | 4.88% |
| KKR KKR & Co. Inc. compare | 1.08% |
| NTRS Northern Trust Corporation compare | 0.00% |
| STT State Street Corporation compare | 0.00% |
| BLK BlackRock compare | 0.00% |
| Asset Management industry median | 2.97% |
| Financial sector median | 4.85% |
| 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)
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