Blue Owl Capital Inc. (OWL) vs T. Rowe Price Group, Inc. (TROW)

Blue Owl Capital Inc. and T. Rowe Price Group, Inc. are both Asset Management companies. T. Rowe Price Group, Inc. is the larger, with a market value of $22.2B against $14.5B — 1.5× the size. T. Rowe Price Group, Inc. trades at the lower P/E: 10.6× against 77.7×. Blue Owl Capital Inc. grew revenue faster over the last twelve months: 14.2% against 6.97%. T. Rowe Price Group, Inc. has the higher net margin (28.6% vs 2.71%) and the higher return on invested capital (18.4% vs 3.63%). Both pay a dividend; T. Rowe Price Group, Inc. yields more (4.58% vs 3.48%). Across the 22 metrics below, T. Rowe Price Group, Inc. leads on 14 and Blue Owl Capital Inc. on 8.

Valuation

Metric OWL TROW Asset Management median
P/E 77.67 10.57 14.62
P/S 2.15 2.97 2.97
P/B 1.14 2.02 0.94
Price to free cash flow 4.85 13.49 8.93
EV/EBITDA 10.68 6.68 10.32
EV/Sales 3.18 2.55 5.72
Earnings yield 1.29% 9.46% 4.53%
Free cash flow yield 20.63% 7.41% 4.65%

Profitability

Metric OWL TROW Asset Management median
Gross margin 100.00% 100.00% 100.00%
Operating margin 16.91% 30.76% 33.03%
Net margin 2.71% 28.59% 13.53%
Free cash flow margin 44.26% 22.05% 12.44%
Return on equity 1.35% 19.85% 4.83%
Return on assets 0.66% 14.62% 1.57%
Return on invested capital 3.63% 18.41% 3.04%

Growth

Metric OWL TROW Asset Management median
Revenue growth (TTM) 14.19% 6.97% 6.97%
EPS growth (last fiscal year) (50.00%) 0.98% —
Revenue growth, 5-year CAGR 62.95% 3.34% 12.13%
Net income growth, 5-year CAGR 0.00% (2.47%) 0.00%

Health

Metric OWL TROW Asset Management median
Debt to equity 0.68 0.00 0.42
Current ratio 0.54 4.04 1.28
Net debt to EBITDA 3.13 (1.21) 1.06

Dividend

Metric OWL TROW Asset Management median
Dividend yield 3.48% 4.58% 6.92%
Payout ratio 10.00 0.72 0.77

Size

Metric OWL TROW Asset Management median
Market cap 14.53b 22.24b 721.34m

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