BlackRock vs Blackstone BLK vs BX
BlackRock and Blackstone on one sheet: valuation multiples, growth, margins, debt, dividends and returns, each section labelled with the period it covers, from the companies' filings. Add or remove a stock above the sheet; the link holds the set.
What differs most
- Debt / equity: Blackstone 1.6×, BlackRock 0.3×.
- Return on equity: Blackstone 40.2%, BlackRock 12.0%.
- One-year price return: BlackRock −0.8%, Blackstone −23.0%.
- Operating margin: Blackstone 52.0%, BlackRock 30.4%.
Price return
2025-10-26 → 2026-10-26
BLK−0.8%
BX−23.0%
Profile
latestSector
Financial Services
Financial Services
Industry
Asset Management
Asset Management
Market value
$174.64B
$137.04B
Enterprise value
$179.12B
$148.19B
Employees
24,900
5,285
Revenue per employee (TTM)
$1.1M
$3.1M
Our models
nightlythe valuation on each stock's pagePrice vs model
8% overvalued vs model
10% undervalued vs model
Model range
$906–1477
$89.66–165
Models in the headline
1
1
FCF growth priced in, at a 10% return
26.6%
37.4%
Every model, its assumptions and its range: BLK valuation · BX valuation. The growth priced in, at any return: BLK reverse DCF · BX reverse DCF.
Trading
close 2026-10-26Last close
$1127.66
$119.06
52-week high
$1182.84
$163.50
52-week low
$922.90
$102.12
Price vs 52-week high
−4.7%
−27.2%
Price vs 52-week low
+22.2%
+16.6%
Average daily volume / shares
0.4%
0.6%
Beta
1.42
1.59
Returns
to 2026-10-261 month
+3.8%
+0.5%
3 months
+6.8%
−8.4%
6 months
+7.9%
−2.1%
Year to date
+5.4%
−22.8%
1 year
−0.8%
−23.0%
1 year, dividends added
+1.2%
−19.6%
2 years
+15.8%
−28.9%
Valuation
price × TTM to Sep 2026P/E (TTM)
25.7×
26.3×
P/E on consensus EPS (next FY)
19.6×
20.3×
Price / sales
6.1×
8.4×
EV / sales
6.3×
9.1×
EV / EBITDA
17.7×
17.2×
Price / book
3.0×
15.5×
Price / free cash flow (FY)
49.2×
78.5×
Free-cash-flow yield (FY)
2.0%
1.3%
Growth
TTM and FY2025Revenue growth (TTM)
—
—
Revenue growth, consensus next FY
+21.8%
+6.0%
Revenue, 3-year CAGR
10.7%
22.9%
Revenue, 5-year CAGR
8.4%
20.7%
EPS growth (TTM)
—
—
EPS growth, consensus next FY
+63.3%
+51.5%
EPS, 3-year CAGR
1.3%
18.0%
Free cash flow, 3-year CAGR
−7.0%
−34.1%
Diluted shares, 3-year change
+5.5%
+5.4%
Profitability
TTM to Sep 2026Gross margin (FY)†
46.7%
86.0%
Operating margin
30.4%
52.0%
EBITDA margin
35.5%
52.9%
Net margin
24.2%
21.8%
Free-cash-flow margin (FY)
14.7%
12.6%
Return on equity
12.0%
40.2%
Return on assets
3.9%
7.2%
Asset turnover
0.16
0.33
† Gross margin (FY): As filed. Companies draw the cost-of-revenue line in different places, so gross margins of two companies in one industry can differ for that reason alone; operating margin does not depend on where the line is drawn.
Balance sheet
BLK MRQ Jun 2026 · BX MRQ Sep 2026Cash
$10.49B
$3.04B
Total debt
$14.97B
$14.19B
Net debt
$4.48B
$11.16B
Debt / equity
0.3×
1.6×
Net debt / EBITDA (TTM)
0.4×
1.3×
Interest coverage (FY)
10.0×
14.1×
Current ratio (FY)
15.76
0.91
Dividends
trailing 12 monthsDividend yield
2.0%
4.4%
Dividends per share
$22.40
$5.23
Payout ratio (of TTM EPS)
51.1%
115.5%
Dividend per share, 5-year CAGR
6.9%
11.6%
Frequency
Quarterly
Quarterly
Ownership and activity
last 90 days · latest 13FTracked superinvestors holding (13F)
7
5
Insider open-market buys (Form 4)
$0
$62K
Insider sales (Form 4)
$0
$24.4M
Analyst upgrades
1
0
Analyst downgrades
0
0
Statements
income TTM to Sep 2026 · cash flow FY2025Revenue
$28.54B
$16.29B
EBITDA
$10.12B
$8.63B
Operating income
$8.69B
$8.48B
Net income
$6.91B
$3.56B
EPS (diluted)
$43.87
$4.53
Operating cash flow
$3.93B
$1.86B
Capital expenditure
−$375.0M
−$115.7M
Free cash flow
$3.55B
$1.74B
Dividends paid
$3.35B
$6.01B
Statements, prices, dividends and consensus estimates from Financial Modeling Prep; insider trades from Form 4 and holdings from 13F. Refreshed nightly. A comparison of filed numbers, not a recommendation to buy, sell or hold any security.