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Blackstone Inc. (BX)
Financial Services · Asset Management · NYSE
Blackstone Inc. revenue & earnings — last 10 fiscal years
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.15B | $7.15B | $6.83B | $7.34B | $6.10B | $22.58B | $12.59B | $9.69B | $11.65B | $13.08B |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Net income | $1.04B | $1.47B | $1.54B | $2.05B | $1.05B | $5.86B | $6.63B | $5.06B | $5.97B | $7.11B |
| Net margin | 20.2% | 20.6% | 22.6% | 27.9% | 17.1% | 25.9% | 52.7% | 52.2% | 51.2% | 54.4% |
Source: Blackstone Inc. SEC filings (10-K). 18 years of history available in the interactive view.
What growth is priced into BX stock?
At today's market cap of $147.03B, Blackstone Inc. is priced for free-cash-flow growth of about 14.2% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $4.55B from the FY ending 2025-12-31). For comparison, free cash flow actually grew 20%/yr over the last five fiscal years and revenue 16.5%/yr, computed from its SEC filings. This is a reverse DCF — a translation of the price into a growth assumption you can judge, not a fair value and not advice. Change the assumptions yourself in the interactive view →
Explore 18 years of Blackstone Inc. financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
Open the interactive view — freeBlackstone Inc. financial history by metric
About Blackstone Inc.
Blackstone Inc. is an alternative asset management firm specializing in private equity, venture capital, real estate, hedge fund solutions, credit, secondary funds of funds, public debt and equity and multi-asset class strategies. The firm typically invests in early-stage, seed, middle market, mature, late venture, growth capital, emerging growth, turnaround, and later stage companies. It also provide capital markets services. The real estate segment specializes in opportunistic, core+ investments as well as debt investment opportunities collateralized by commercial real estate, and stabilized income-oriented commercial real estate across North America, Europe and Asia. Within fund of fund investments, it seeks to invest in private equity funds, venture capital funds, mezzanine funds, distressed debt/turnaround funds, secondary investment funds & real estate funds. The firm's corporate private equity business pursues transactions throughout the world across a variety of transaction types, including large buyouts, recapitalization, special situations, distressed mortgage loans, mid-cap buyouts, buy and build platforms, which involves multiple acquisitions behind a single management team and platform, and growth equity/development projects involving significant majority stakes in portfolio companies and minority investments in operating companies, shipping, real estate, corporate or consumer loans, and alternative energy greenfield development projects in energy and power, property, dislocated markets, shipping opportunities, financial institution breakups, re-insurance, and improving freight mobility, financial services, cargo, data processing, oil & gas production, oil & gas refining, oil & gas storage, building products, home entertainment, B2B, consumer electronics, home supply store, lodging, commercial services & supplies, metal & mineral mining machinery, coal, hazardous waste collection, solid waste collection, waste water treatment, renewable electricity, equity REITs, power generation by nuclear & fossil fuels, personal loan services, chemicals, other specialty retail, biotech, pharmaceuticals, metal, aerospace, healthcare, cable, entertainment services, infrastructure services, transportation infrastructure, exhaust, life sciences, alternative carriers, infrastructure, system software, manufacturing services, enterprise tech and consumer, enterprise software & application, as well as consumer technologies. The firm considers investment in Asia, Latin America, Japan, Australia, South Korea, Singapore, Hong Kong, Africa, Middle East, Beijing, Shanghai, India, Belgium, France, Ireland, Luxembourg, Monaco, Netherlands, United Kingdom, North America and South America. It seeks to invest between $0.25 million and $900 million per transaction. It invests in companies with enterprise value between $500 million and $5000 million. It makes equity investments up to $300 million through fund of fund investments. It has a three year investment period. The firm prefers to take majority and minority stakes. Its hedge fund business manages a broad range of commingled and customized fund solutions and its credit business focuses on loans, and securities of non-investment grade companies spread across the capital structure including senior debt, subordinated debt, preferred stock and common equity. Blackstone Inc. through its subsidiary South City Projects (Kolkata) Limited offers residential and commercial real estate development services that include development of township, residential towers, malls, IT parks, stadiums, resorts, hospitals, and schools. Blackstone Inc. was founded in 1985 and is based in New York, New York with additional offices across Asia, Europe, North America and Central America.
Blackstone Inc. — frequently asked questions
What is Blackstone Inc.'s revenue?
Blackstone Inc. (BX) reported revenue of $13.08B for fiscal year 2025, up 12.3% from the prior year, according to its SEC filings.
Is Blackstone Inc. profitable?
Yes. BX earned net income of $7.11B in fiscal 2025, a net margin of 54.4%.
What is BX's P/E ratio?
Blackstone Inc. trades at a price-to-earnings ratio of about 30.8 based on the latest data in our nightly-refreshed cache.
How fast is Blackstone Inc. growing?
BX's revenue grew at roughly 16.5% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does Blackstone Inc. have?
As of fiscal year 2025, BX carried roughly $12.58B in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Blackstone Inc.'s market cap?
Blackstone Inc. (BX) has a market capitalization of about $147.03B, based on the latest data in our nightly-refreshed cache.
When does Blackstone Inc.'s fiscal year end?
BX's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
What growth is priced into BX stock?
At today's market cap of $147.03B, Blackstone Inc. is priced for free-cash-flow growth of about 14.2% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $4.55B from the FY ending 2025-12-31). For comparison, free cash flow actually grew 20%/yr over the last five fiscal years and revenue 16.5%/yr, computed from its SEC filings.
Where does this data come from?
All figures are computed from Blackstone Inc.'s official SEC filings (10-K and 10-Q), covering 18 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.