Blue Owl Capital Inc. (OWL) vs Pershing Square Inc. (PS)

Blue Owl Capital Inc. and Pershing Square Inc. are both Asset Management companies. Pershing Square Inc. is the larger, with a market value of $20.1B against $15.5B — 1.3× the size. Blue Owl Capital Inc. has the higher net margin (3.08% vs −67.6%) and the higher return on invested capital (4.07% vs −2.43%). Across the 11 metrics below, Blue Owl Capital Inc. leads on 10 and Pershing Square Inc. on 1.

Valuation

Metric OWL PS Asset Management median
P/E 71.14 — 13.38
P/S 2.27 91.98 2.99
P/B 1.29 14.18 0.91
Price to free cash flow 4.63 n/m 7.79
EV/EBITDA — n/m —
EV/Sales — 81.89 —
Earnings yield 1.41% — 4.67%
Free cash flow yield 21.61% (0.40%) 4.85%

Profitability

Metric OWL PS Asset Management median
Gross margin 100.00% 100.00% 100.00%
Operating margin 17.62% (25.11%) 27.27%
Net margin 3.08% (67.64%) 11.89%
Free cash flow margin 48.96% (36.88%) 5.96%
Return on equity 1.63% 0.00% 4.57%
Return on assets 0.77% (16.21%) 1.40%
Return on invested capital 4.07% (2.43%) 2.12%

Growth

Metric OWL PS Asset Management median
Revenue growth (TTM) 11.76% — 7.26%
EPS growth (last fiscal year) (50.00%) — (5.64%)
Revenue growth, 5-year CAGR 62.95% — 11.84%
Net income growth, 5-year CAGR 0.00% — 0.00%

Health

Metric OWL PS Asset Management median
Debt to equity 0.67 0.00 0.40
Current ratio 0.53 0.04 1.23
Net debt to EBITDA 3.13 — 1.06

Dividend

Metric OWL PS Asset Management median
Dividend yield 9.14% — 6.43%
Payout ratio 6.50 — 0.91

Size

Metric OWL PS Asset Management median
Market cap 15.49b 20.14b 692.54m

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