Blackstone Inc.
- Open
- 141.55
- Day high
- 144.45
- Day low
- 141.01
- Prev close
- 142.36
- Volume
- 3.3M
- Mkt cap
- $114.3B
- P/E (TTM)
- 31.8
- EPS (TTM)
- $4.50
- P/B
- 12.7
- P/S
- 7.1
- Yield
- 3.65%
- Per share
- $5.23
- ▼Insiders net selling -$12.0M over the last 3 months (3 open-market buys, 5 sales)
- 🏛Institutions accumulating (13F)
Blackstone Inc. (BX) is a Financial Services company listed on NYSE. The stock is down 16% over the past year. Over the trailing 3 months, insiders filed 3 open-market buys and 5 sales (SEC Form 4). Drillr has 10 published research articles covering BX.
Blackstone Inc. (BX) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 9 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
BX earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Jul 23, 2026 | $1.34 | $1.52 | +13.2% | $3.8B | +9.6% |
| Apr 23, 2026 | $1.34 | $1.36 | +1.6% | $3.4B | +1.0% |
| Jan 29, 2026 | $1.55 | $1.75 | +12.5% | $4.4B | +19.5% |
| Oct 23, 2025 | $1.23 | $1.52 | +23.5% | $2.8B | -12.1% |
| Jul 24, 2025 | $1.10 | $1.21 | +9.9% | $3.7B | +32.2% |
| Apr 17, 2025 | $1.05 | $1.09 | +3.6% | $2.9B | +1.4% |
| Jan 30, 2025 | $1.47 | $1.69 | +14.7% | $2.8B | -23.7% |
| Oct 17, 2024 | $0.92 | $1.01 | +9.8% | $3.6B | +47.9% |
| Jul 18, 2024 | $0.98 | $0.96 | -1.8% | $2.7B | -3.6% |
| Apr 18, 2024 | $0.96 | $0.98 | +2.5% | $3.5B | +41.4% |
| Jan 25, 2024 | $0.94 | $1.11 | +17.5% | $1.3B | -48.7% |
| Oct 19, 2023 | $1.00 | $0.94 | -6.4% | $2.4B | -23.8% |
BX insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Aug 12, 2026 | Porat Ruthdirector | Buy | 84 | $137.32 |
| Aug 12, 2026 | Payne Davidofficer: Chief Accounting Officer | Sell | 9,500 | $145.23 |
| Aug 12, 2026 | Porat Ruthdirector | Buy | 245 | $137.10 |
| Aug 12, 2026 | Finley John Gofficer: Chief Legal Officer | Sell | 25,198 | $147.36 |
| Aug 12, 2026 | Finley John Gofficer: Chief Legal Officer | Sell | 19,802 | $146.80 |
| Aug 12, 2026 | Porat Ruthdirector | Buy | 126 | $137.32 |
| Aug 5, 2026 | Sawhney Vikrantofficer: Chief Administrative Officer | Sell | 18,408 | $135.29 |
| Aug 5, 2026 | Sawhney Vikrantofficer: Chief Administrative Officer | Sell | 11,592 | $135.96 |
| May 13, 2026 | Porat Ruthdirector | Buy | 126 | $122.77 |
| May 13, 2026 | Porat Ruthdirector | Buy | 229 | $123.19 |
| May 13, 2026 | Porat Ruthdirector | Buy | 84 | $122.77 |
| May 1, 2026 | Sawhney Vikrantofficer: Chief Administrative Officer | Sell | 16,965 | $125.55 |
| May 1, 2026 | Sawhney Vikrantofficer: Chief Administrative Officer | Sell | 13,049 | $126.11 |
| Apr 3, 2026 | Brown Reginald Jdirector | Grant | 1,961 | — |
| Apr 3, 2026 | Sawhney Vikrantofficer: Chief Administrative Officer | Grant | 129,077 | — |
Source: BX SEC Form 4 filings, latest Aug 12, 2026. For informational purposes only — not investment advice.
See the full BX insider & 13F page →BX research & analysis
KBDC, BCSF: Fund Redemptions Widen Private Credit Loan Spreads
Non-traded fund redemptions of 10-38% pulled bidders out of large sponsor loans; KBDC printed SOFR+566 and FSK saw spreads up to 75bp wider.
APOBCSFBLKKKR Stock: AI Productivity Boom and PE Portfolio Lift
KKR public: AI productivity boom continuing. 100bp portfolio margin lift implies $18B fair value adjustment vs $90B market cap.
KKRAPOARES, KKR, BX: $1 Trillion SRT Credit Risk Transfer Thesis
Banks transferred $1T loan risk via SRT (+26% YoY). Alt managers ARES, KKR, BX capture premium income. Hidden side of private credit retail stress.
ARESKKRAPOBX Stock: Blackstone's $2B Secondary Fund Sale, Explained
Blackstone is marketing $2B of private fund stakes in the secondary market. What active liquidity management means vs prior BCRED gates.
APOKKRBX Stock: Blackstone BCRED Redemption Gate, Explained
Blackstone raised the BCRED $79B fund redemption gate from 7.9% to 10% as withdrawals surge. What it signals for private credit and BREIT parallels.
APOKKRARESKKR, ARES, BX: The Cliffwater + Partners 24-Hour Rule
Cliffwater 17% and Partners Group 24 hours apart turn the retail private-credit redemption signal from idiosyncratic into systemic.
KKRARESOBDCWhich Private Credit Lenders Face the Steepest Penalty Risk as SEC Scrutiny Climbs 28%?
The SEC's non-compliance notices to Blackstone and PIMCO signal a regulatory shift in the $1.7T private credit market that the tape hasn't priced into BDC yield spreads. Prospect Capital's $8.9B asset base, 127 portfolio companies, and history of prior SEC actions create 3x the compliance surface area of Main Street Capital's cleaner book. Short PSEC vs long MAIN targets 400bps of yield spread compression over six months as compliance costs surface and potential penalties force a dividend cut.
PSECMAINARCCWhich Banks Capture the $197B IPO Wave: Goldman and Morgan Stanley or the Diversified Giants?
Blackstone's Q1 beat and 'best year ever' IPO forecast confirm the $197B pipeline is executable, yet Goldman Sachs and Morgan Stanley trade at the same 12-13x forward multiple as JPMorgan despite deriving 18-22% of revenue from investment banking versus JPM's 7%. Long GS and MS versus JPM over six months targets 8-12% relative return as Q2 and Q3 underwriting revenue surfaces the fee differential.
GSMSCOINFed Private Credit Crackdown: JPM at Risk While BX, APO, KKR Stand to Win
The Federal Reserve's scrutiny of banks' private credit exposure creates a divergence in financial stocks: traditional banks like JPMorgan face regulatory risks while alternative asset managers like Blackstone and Apollo stand to gain market share. This analysis ranks six financial giants based on their exposure and positioning for the coming regulatory changes.
JPMGSMSPrivate Equity Exit Slump: Why BX and APO Are Winning While KKR and CG Fall Behind
PE exit volumes slumped amid high rates, AI disruptions, and Iran war volatility, spotlighting managers like Blackstone and Apollo with strong FRE and credit focus over realization-heavy peers. Analysis ranks BX, APO, and BAM as top picks based on FY2025 growth, margins, and guidance. Investors should monitor Q1 realizations and rate cuts.
KKRAPOCG
Blackstone Inc. company profile
Overview
Blackstone Inc. (NYSE:BX) is one of the world's largest alternative asset management firms, founded in 1985 by Stephen Schwarzman and Peter Peterson. Originally established as a boutique investment bank, the company evolved into a global alternative investment powerhouse following its initial public offering in 2007. Headquartered in New York with offices across North America, Europe, and Asia, Blackstone has grown to manage over $1.2 trillion in assets under management as of 2025, making it a dominant force in the alternative investments industry. The firm operates across multiple investment strategies including private equity, real estate, credit, hedge fund solutions, and infrastructure investments.
Business
Blackstone operates as an alternative asset management firm, which means it manages investments outside of traditional stocks and bonds for institutional investors and high-net-worth individuals. Alternative investments typically include private equity (buying and improving companies), real estate, private credit (lending to companies), infrastructure, and hedge funds. These investments generally require longer holding periods and offer potentially higher returns than traditional investments, but with higher risk and less liquidity. The company operates through several key business segments: 1. **Real Estate (approximately 35-40% of AUM)**: Blackstone is one of the world's largest commercial real estate investors, focusing on opportunistic investments, core-plus properties, and debt investments. The firm has strategically repositioned its real estate portfolio from traditional office buildings to high-growth sectors like data centers, logistics facilities, and rental housing. Their Blackstone Real Estate Income Trust (BREIT) is a major perpetual vehicle offering real estate exposure to private wealth clients. 2. **Private Equity (approximately 25-30% of AUM)**: This segment involves acquiring companies, improving their operations, and eventually selling them for a profit. Blackstone pursues various transaction types including large buyouts, special situations, distressed investments, and growth equity across sectors like healthcare, technology, consumer goods, and financial services. 3. **Credit and Insurance (approximately 25-30% of AUM)**: The firm manages over $450 billion in credit strategies, focusing on non-investment grade loans and securities. This includes direct lending to companies, asset-backed finance, and managing capital for insurance companies. Their Blackstone Secured Lending Fund (BCRED) is a key product in the private wealth channel. 4. **Infrastructure (approximately 5-10% of AUM)**: Through Blackstone Infrastructure Partners (BIP), the firm invests in essential infrastructure assets like energy, transportation, and digital infrastructure, with particular focus on the artificial intelligence and data center boom. 5. **Hedge Fund Solutions and Multi-Asset Strategies**: These provide customized investment solutions and fund-of-funds strategies for institutional clients seeking diversified alternative exposure.
Competitive moat
Blackstone possesses a strong competitive moat built on several key advantages that are difficult for competitors to replicate. The firm's scale and brand recognition provide significant advantages in deal sourcing, as investment banks and brokers typically approach the largest, most reputable firms first with attractive opportunities. With over $1.2 trillion in assets under management, Blackstone can pursue larger transactions that smaller competitors cannot handle and negotiate better terms due to its size. The company's diversified platform across multiple alternative investment strategies creates cross-selling opportunities and reduces dependence on any single market cycle. This diversification also allows Blackstone to deploy capital opportunistically across asset classes as market conditions change. The firm's long-term track record of generating strong returns across cycles has built deep relationships with institutional investors who repeatedly commit capital to new funds. Network effects strengthen Blackstone's position as its large portfolio of companies creates deal flow through add-on acquisitions and industry connections. The firm's global presence and local expertise in key markets provide competitive advantages in sourcing and executing investments. Additionally, Blackstone's permanent capital vehicles like BREIT and BCRED reduce dependence on traditional fundraising cycles and provide more stable fee streams. However, the moat faces potential challenges. The alternative investment industry has attracted significant capital and new entrants, increasing competition for deals and potentially compressing returns. Large institutional investors are increasingly building internal alternative investment capabilities to reduce fees. Regulatory scrutiny of private equity and alternative investments could limit flexibility or increase costs. Market cycles can significantly impact performance, and a prolonged period of poor returns could damage the firm's reputation and fundraising ability. The firm's success also depends heavily on key personnel, creating succession and retention risks.
Risks & safety
Blackstone maintains a strong financial position with substantial margin of safety, though the nature of its business creates some inherent risks. **Liquidity and Solvency**: - Strong cash position of $2.4 billion in cash and short-term investments as of Q1 2025 - Minimal traditional debt burden relative to assets, with debt-to-equity ratio of 1.68x primarily from fund-level financing rather than corporate debt - Diversified revenue streams provide stability during market downturns - No significant cash burn concerns given profitable operations and strong cash flow generation **Valuation Metrics**: - Trading at P/E ratio of 43.9x based on Q1 2025 earnings, reflecting premium valuation - EV/EBITDA of 20.3x indicates elevated valuation relative to historical averages - Price-to-book ratio of 13.5x suggests significant premium to tangible book value - Strong return on equity of 7.7% demonstrates efficient use of shareholder capital **Other Considerations**: - Fee-related earnings provide more stable valuation base than total earnings which include volatile carried interest - $177 billion in dry powder provides substantial deployment capacity - Diversification across investment strategies and geographies reduces concentration risk - Business model generates strong free cash flow with minimal capital expenditure requirements
Recent development
Over the past few years, Blackstone has executed several major strategic initiatives that have significantly transformed the firm's positioning and growth trajectory. The most prominent development has been the company's aggressive expansion into artificial intelligence and data center infrastructure, positioning itself as the largest financial investor in AI infrastructure globally. This includes the $16 billion acquisition of AirTrunk in 2024 and a $4.5 billion commitment to AI cloud service provider CoreWeave, bringing total data center assets to $70 billion with an additional $100 billion development pipeline. The firm has dramatically expanded its private wealth management platform, growing assets under management in this channel to over $270 billion by 2025. Key products like BREIT and BCRED have become major distribution vehicles, with the firm raising $28 billion in private wealth strategies during 2024 alone. Strategic partnerships with firms like Wellington and Vanguard have further expanded distribution capabilities in this high-growth market segment. Private credit expansion represents another major strategic focus, with the firm growing its credit and insurance platform to over $450 billion in total assets. Blackstone has been particularly active in asset-backed finance and investment-grade private credit, seeing significant opportunities in a market estimated at $25 trillion with only 1-2% private market penetration currently. The company has also strategically repositioned its real estate portfolio from traditional sectors to high-growth areas, moving from 2% to 75% allocation in logistics, rental housing, and data centers. This repositioning has helped the firm navigate challenging commercial real estate markets while positioning for long-term secular growth trends. Recent developments include increased capital deployment activity, with the firm deploying $134 billion in 2024 (up 81% year-over-year) as market conditions improved and opportunities emerged across various sectors including digital infrastructure, renewable energy, and enterprise software.
BX company profile · for informational purposes only — not investment advice.
Track BX with Drillr
SEC filings, earnings calls, insider activity, alt-data signals — all queryable through Drillr's AI terminal and MCP API.
Try Drillr for free