Blackstone Inc. (BX) AI Stock Analysis

Blackstone Inc. is a leading global alternative asset management firm founded in 1985 and headquartered in New York City. The company operates across Asia, Europe, and North America. Its primary investment strategies include real estate, private equity, hedge funds, credit, and multi-asset class solutions. In real estate, Blackstone focuses on opportunistic investments, core+ strategies, and commercial real estate debt. Its private equity division executes large-scale buyouts, special situations, distressed assets, mid-cap buyouts, and growth equity across industries such as technology, healthcare, energy, and financial services. Its hedge fund and credit arms invest across senior debt, subordinated debt, preferred stock, and common equity.

Between FY2020 and FY2025, Blackstone posted a five-year revenue compound annual growth rate of 20.7%. Annual revenue swung significantly over that period, dropping from $16.85B in FY2021 to $7.45B in FY2022 and $7.44B in FY2023, before rebounding to $11.37B in FY2024 and $13.83B in FY2025. Operating margin was 51.9% in FY2025, while net margin reached 21.8% with net income of $3.02B and diluted EPS of $5.57. For the latest quarter ended June 30, 2026, quarterly revenue growth accelerated to 28.6% year-over-year, and quarterly earnings grew 57.3% year-over-year.

As of June 30, 2026, Blackstone held $2.51B in cash and short-term investments against $14.03B in total debt, resulting in net debt of $11.52B. Shareholders' equity stood at $9.01B, yielding a debt-to-equity ratio of 1.56 and a current ratio of 0.92. In FY2025, the firm generated $1.86B in operating cash flow and $1.74B in free cash flow. Capital expenditures totaled $115.7M, while cash returned to shareholders included $312.5M in share buybacks and $6.01B in dividends paid.

Blackstone trades at a trailing P/E of 23.9x and a forward P/E of 15.9x, both higher than the median of its S&P 500 Financial Services peers at 14.2x and 12.2x, respectively. Its price-to-sales multiple of 8.2x also sits well above the peer median of 3.1x, while its EV-to-EBITDA stands at 15.7x compared to the peer median of 15.1x. Over the past year, the stock fell 29.8%, trailing the S&P 500 (SPY) gain of 16.8%, and its five-year return of 3.3% lags the benchmark's 83.0% gain.

Blackstone pays a quarterly dividend with an annual forward payout of $5.23, representing a dividend yield of 4.91%. The company has paid dividends for 20 consecutive years and achieved a five-year annualized dividend growth rate of 19.7%. Its payout ratio is 85.0%, and its most recent ex-dividend date was August 3, 2026.

Wall Street analysts hold 9 Strong Buy, 4 Buy, and 11 Hold ratings on Blackstone, with no Sell or Strong Sell recommendations. The mean price target of $139.91 implies 31.2% upside from the October 16, 2026 closing price of $106.61. For the current fiscal year ending December 31, 2026, consensus estimates project revenue of $15.03B and EPS of $5.93, with EPS having beaten estimates in each of the last 4 quarters. The next earnings release date is October 22, 2026.

This page is an AI-written research summary of Blackstone Inc. (BX). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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