Blue Owl Capital Inc. (OWL) Key Metrics
OWL valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $13.87B
- Enterprise value
- $10.74B
- P/E (TTM)
- 73.8 10-yr median 126.0
- Forward P/E
- 9.8
- PEG ratio
- 0.15
- Price / sales
- 4.6 10-yr median 4.1
- Price / book
- 3.3 10-yr median 4.5
- EV / EBITDA
- 11.4 10-yr median 16.4
- Dividend yield
- 4.49% $0.91 a year
- Beta
- 1.33
OWL key metrics, 2017–2025
Fiscal year ended December 31, 2025 · U.S. dollarsOWL valuation Price multiples at each fiscal year-end price.
OWL returns How much profit the business earns on the capital it uses.
OWL per-share figures Results divided by the shares outstanding at year-end.
OWL financial health Debt, liquidity and how easily interest is covered.
OWL efficiency & capital use Working capital cycle and where the cash goes.
OWL valuation history
OWL returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
OWL debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
OWL cash returned to shareholders
OWL price vs earnings per share
OWL key metrics
2017–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Valuation | |||||||||
| Market capitalization | $9.93B | $12.99B | $7.12B | $4.59B | $4.90B | — | — | — | — |
| Enterprise value | $13.60B | $15.82B | $9.02B | $6.39B | $6.12B | — | — | — | — |
| P/E ratio | 126.0 | 118.5 | 131.1 | — | — | — | — | — | — |
| Price / sales | 3.5 | 5.7 | 4.1 | 3.4 | 6.0 | — | — | — | — |
| Price / book | 4.5 | 6.1 | 4.7 | 2.9 | 0.8 | — | — | — | — |
| Price / free cash flow | 8.3 | 13.9 | 8.1 | 6.9 | 17.7 | — | — | — | — |
| Price / operating cash flow | 7.9 | 13.0 | 7.5 | 6.3 | 17.4 | — | — | — | — |
| EV / sales | 4.7 | 6.9 | 5.2 | 4.7 | 7.4 | — | — | — | — |
| EV / EBITDA | 14.5 | 18.3 | 14.3 | 23.7 | — | — | — | — | — |
| EV / free cash flow | 11.3 | 16.9 | 10.2 | 9.6 | 22.2 | — | — | — | — |
| Earnings yield | 0.8% | 0.8% | 0.8% | −0.2% | −7.7% | — | — | — | — |
| Free cash flow yield | 12.1% | 7.2% | 12.4% | 14.4% | 5.6% | — | — | — | — |
| Dividend yield | 5.5% | 2.8% | 3.5% | 4.0% | 3.1% | — | — | — | — |
| Shareholder yield (dividends + buybacks) | 6.0% | 3.1% | 3.7% | 5.7% | 11.4% | — | — | — | — |
| Share price at fiscal year-end | $14.94 | $23.26 | $14.90 | $10.60 | $14.91 | $11.38 | — | — | — |
| Per share | |||||||||
| Revenue per share | $4.32 | $4.11 | $3.62 | $3.16 | $2.51 | — | $0.60 | $0.38 | $0.00 |
| Earnings per share | $0.12 | $0.20 | $0.11 | −$0.02 | −$1.14 | — | $0.07 | $0.01 | $0.00 |
| Operating cash flow per share | $1.89 | $1.79 | $1.99 | $1.68 | $0.86 | — | $0.14 | $0.06 | −$0.00 |
| Free cash flow per share | $1.80 | $1.68 | $1.84 | $1.53 | $0.84 | — | $0.13 | $0.05 | −$0.00 |
| Cash per share | $0.29 | $0.27 | $0.22 | $0.16 | $0.13 | — | $0.02 | — | $0.00 |
| Book value per share | $3.32 | $3.81 | $3.20 | $3.70 | $17.78 | — | −$1.10 | — | $0.01 |
| Tangible book value per share | −$9.49 | −$9.80 | −$10.05 | −$11.55 | −$2.73 | — | −$1.10 | — | $0.01 |
| Dividends per share | $0.82 | $0.66 | $0.52 | $0.42 | $0.46 | — | $1.00 | $0.14 | — |
| Capex per share | $0.09 | $0.11 | $0.14 | $0.15 | $0.02 | — | $0.00 | $0.01 | $0.00 |
| Debt per share | $5.81 | $5.33 | $4.19 | $4.30 | $3.84 | — | $0.90 | — | — |
| Shares outstanding | 664.8M | 558.4M | 478.0M | 433.4M | 328.8M | — | 320.0M | 320.0M | 342.1M |
| Change in shares outstanding | +19.0% | +16.8% | +10.3% | +31.8% | — | — | 0.0% | −6.5% | — |
| Returns & profitability | |||||||||
| Return on equity (ROE) | 3.6% | 6.0% | 3.5% | −0.2% | −14.1% | — | — | — | 1.1% |
| Return on invested capital (ROIC) | 10.2% | 13.0% | 8.3% | −0.0% | −21.2% | — | — | — | −2.3% |
| Return on assets (ROA) | 0.7% | 1.1% | 0.6% | −0.1% | −9.0% | −87.3% | 40.5% | — | 0.1% |
| Return on tangible assets | 2.0% | 3.2% | 2.2% | −0.4% | −24.7% | −64.0% | 40.5% | — | 0.1% |
| Free cash flow margin | 41.7% | 40.7% | 50.9% | 48.4% | 33.5% | 1.8% | 22.5% | 12.7% | — |
| Income quality (OCF / net income) | 15.93 | 9.12 | 17.47 | — | — | — | 1.92 | 9.08 | −2.57 |
| Financial health | |||||||||
| Total debt | $3.86B | $2.98B | $2.00B | $1.86B | $1.26B | $356.4M | $287.1M | — | — |
| Cash & short-term investments | $194.5M | $152.1M | $104.2M | $68.1M | $42.6M | $11.6M | $7.3M | — | $560,204 |
| Net debt | $3.67B | $2.83B | $1.90B | $1.80B | $1.22B | $344.8M | $279.8M | — | −$560,204 |
| Debt / equity | 1.75 | 1.40 | 1.31 | 1.16 | 0.22 | — | — | — | — |
| Debt / assets | 0.31 | 0.27 | 0.23 | 0.21 | 0.15 | 2.93 | 5.06 | — | — |
| Net debt / EBITDA | 3.92 | 3.26 | 3.00 | 6.66 | — | — | 9.92 | — | — |
| Current ratio | 0.95 | 2.52 | 1.44 | 1.32 | 1.23 | 1.80 | 0.43 | — | 16.32 |
| Quick ratio | 0.95 | 2.52 | 1.86 | 1.32 | 1.46 | 2.04 | 0.43 | — | 16.32 |
| Interest coverage | 3.8 | 5.0 | 4.2 | -0.0 | -34.0 | -2.5 | 4.1 | — | — |
| Working capital | −$53.5M | $449.3M | $150.6M | $107.5M | $51.7M | $46.8M | −$68.0M | — | $572,412 |
| Invested capital | $5.87B | $4.95B | $3.42B | $3.40B | $7.07B | −$162.9M | −$73.0M | — | $4.4M |
| Tangible asset value | −$2.46B | −$1.80B | −$1.06B | −$1.06B | −$896.1M | −$501.2M | −$350.5M | — | $5.0M |
| Net current asset value | −$5.44B | −$4.44B | −$3.05B | −$2.90B | −$2.14B | −$517.6M | −$355.1M | — | −$40.3M |
| Graham number | $2.98 | $4.10 | $2.86 | — | — | — | — | — | $0.01 |
| Graham net-net per share | −$8.52 | −$8.24 | −$6.74 | −$6.92 | −$6.79 | — | −$1.17 | — | −$0.12 |
| Capital allocation | |||||||||
| Dividends paid | $546.7M | $368.3M | $247.9M | $182.6M | $150.2M | $78.1M | $320.3M | $44.8M | — |
| Share buybacks (net) | $53.7M | $38.8M | $18.6M | $78.8M | $407.6M | $0 | — | — | — |
| Dividend payout ratio | 693.4% | 336.1% | 456.1% | — | — | — | — | — | — |
| Dividends + buybacks / free cash flow | 50.1% | 43.5% | 30.2% | 39.4% | 201.8% | — | 746.7% | 290.7% | — |
| Capex / revenue | 2.0% | 2.8% | 3.9% | 4.8% | 0.6% | 0.3% | 0.6% | 2.6% | — |
| Capex / operating cash flow | 4.6% | 6.4% | 7.2% | 9.0% | 1.9% | 12.5% | 2.7% | 17.1% | — |
| Capex / depreciation | 0.15 | 0.23 | 0.22 | 0.25 | 0.05 | 0.97 | 1.41 | 10.45 | — |
| Stock-based compensation / revenue | 23.5% | 13.6% | 18.1% | 30.7% | 146.3% | 463.8% | 0.0% | — | — |
| SG&A / revenue | 26.1% | 18.0% | 14.8% | 16.1% | 17.0% | 27.1% | 27.1% | 52.3% | — |
| Efficiency | |||||||||
| Days sales outstanding | 83.7 | 76.2 | 79.3 | 79.2 | 70.3 | 91.4 | 62.1 | — | — |
| Days of inventory on hand | — | — | -60.4 | — | -7.9 | -21.4 | — | — | — |
| Days payables outstanding | — | 51.6 | 51.7 | 35.7 | 12.8 | 54.8 | 84.1 | — | — |
| Cash conversion cycle (days) | — | 24.6 | -32.7 | 43.5 | 49.6 | 15.2 | -22.0 | — | — |
| Receivables turnover | 4.36 | 4.79 | 4.60 | 4.61 | 5.19 | 3.99 | 5.88 | — | — |
| Payables turnover | — | 7.07 | 7.06 | 10.21 | 28.62 | 6.66 | 4.34 | — | — |
| Asset turnover | 0.24 | 0.23 | 0.20 | 0.16 | 0.20 | 2.80 | 3.36 | — | 0.00 |
| Average receivables | $658.4M | $479.2M | $376.4M | $297.2M | $158.6M | $62.6M | $32.5M | — | — |
| Average payables | — | $143.8M | $123.3M | $87.6M | $52.3M | $36.2M | $25.8M | — | $3,005 |
| Average inventory | — | — | −$144.0M | — | −$32.5M | −$14.1M | — | — | — |
| Intangibles / total assets | 68.3% | 69.2% | 71.8% | 74.3% | 81.6% | 0.0% | 0.0% | — | 0.0% |
Computed from OWL's annual financial statements (latest annual report filed February 19, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
OWL valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Blue Owl Capital traded at 126.0 times earnings, against a 9-year median of 126.0. Based on the latest twelve months, the trailing P/E is 73.8 and the forward P/E is 9.8. Blue Owl Capital earned a return on equity of 3.6% and a return on invested capital of 10.2% in fiscal 2025. It ended the year with $3.9 billion of debt and $194.5 million in cash and short-term investments, net debt of $3.7 billion. It returned $600.4 million to shareholders: $546.7 million in dividends and $53.7 million in share buybacks, 50% of free cash flow. The share count rose 94.3% from 342.1M to 664.8M over 8 years.
See the OWL income statement, the OWL chart for price history, or the OWL stock overview for the latest quote and news.
OWL key metrics FAQ
What is Blue Owl Capital's P/E ratio?
Blue Owl Capital's trailing P/E ratio is 73.8 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 9.8. At the end of fiscal 2025 it was 126.0, compared with a 9-year median of 126.0.
What is Blue Owl Capital's EV/EBITDA?
Blue Owl Capital's enterprise value was 14.5 times EBITDA at the end of fiscal 2025 (enterprise value $13.6 billion, EBITDA $936.0 million); the current EV/EBITDA is 11.4.
What is Blue Owl Capital's return on equity?
Blue Owl Capital's return on equity (ROE) was 3.6% in fiscal 2025: net income of $78.8 million on average shareholders' equity of $2.2 billion.
What is Blue Owl Capital's ROIC?
Blue Owl Capital's return on invested capital was 10.2% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Blue Owl Capital have?
Blue Owl Capital had total debt of $3.9 billion at the end of fiscal 2025, a debt-to-equity ratio of 1.75 and $3.7 billion of net debt (3.92 times EBITDA).
What is Blue Owl Capital's dividend yield?
Blue Owl Capital's forward dividend yield is 4.49%. Blue Owl Capital paid $546.7 million in dividends in fiscal 2025 ($0.82 per share), a payout ratio of 693.4%.
Does Blue Owl Capital buy back its shares?
Yes. Blue Owl Capital spent $53.7 million on net share repurchases in fiscal 2025 Shares outstanding changed +19.0% over the year, to 664.8M..
What is Blue Owl Capital's free cash flow yield?
Blue Owl Capital generated $1.2 billion of free cash flow in fiscal 2025, a free cash flow yield of 12.1% on its market value at year-end ($9.9 billion).
What is Blue Owl Capital's current ratio?
Blue Owl Capital's current ratio was 0.95 at the end of fiscal 2025: current assets were 0.95 times current liabilities.