Blackstone vs KKR BX vs KKR
Blackstone and KKR 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
- Operating margin: Blackstone 52.0%, KKR 7.8%.
- Return on equity: Blackstone 40.2%, KKR 10.2%.
- Free-cash-flow yield: Blackstone 1.3%, KKR 0.4%.
- Consensus revenue growth for next year: Blackstone +6.0%, KKR −37.9%.
Price return
2025-10-26 → 2026-10-26
BX−23.0%
KKR−24.4%
Profile
latestSector
Financial Services
Financial Services
Industry
Asset Management
Asset Management
Market value
$137.04B
$82.24B
Enterprise value
$148.19B
$122.23B
Employees
5,285
5,043
Revenue per employee (TTM)
$3.1M
$4.2M
Our models
nightlythe valuation on each stock's pagePrice vs model
10% undervalued vs model
26% undervalued vs model
Model range
$89.66–165
$87.01–149
Models in the headline
1
1
FCF growth priced in, at a 10% return
37.4%
74.0%
Every model, its assumptions and its range: BX valuation · KKR valuation. The growth priced in, at any return: BX reverse DCF · KKR reverse DCF.
Trading
close 2026-10-26Last close
$119.06
$91.62
52-week high
$163.50
$142.77
52-week low
$102.12
$83.88
Price vs 52-week high
−27.2%
−35.8%
Price vs 52-week low
+16.6%
+9.2%
Average daily volume / shares
0.6%
0.5%
Beta
1.59
1.83
Returns
to 2026-10-261 month
+0.5%
−5.2%
3 months
−8.4%
−7.8%
6 months
−2.1%
−10.0%
Year to date
−22.8%
−28.1%
1 year
−23.0%
−24.4%
1 year, dividends added
−19.6%
−23.8%
2 years
−28.9%
−34.5%
Valuation
BX price × TTM to Sep 2026 · KKR price × TTM to Jun 2026P/E (TTM)
26.3×
28.8×
P/E on consensus EPS (next FY)
20.3×
11.1×
Price / sales
8.4×
3.9×
EV / sales
9.1×
5.8×
EV / EBITDA
17.2×
12.6×
Price / book
15.5×
2.6×
Price / free cash flow (FY)
78.5×
259.4×
Free-cash-flow yield (FY)
1.3%
0.4%
Growth
TTM and FY2025Revenue growth (TTM)
—
—
Revenue growth, consensus next FY
+6.0%
−37.9%
Revenue, 3-year CAGR
22.9%
51.1%
Revenue, 5-year CAGR
20.7%
35.3%
EPS growth (TTM)
—
—
EPS growth, consensus next FY
+51.5%
+251.9%
EPS, 3-year CAGR
18.0%
—
Free cash flow, 3-year CAGR
−34.1%
—
Diluted shares, 3-year change
+5.4%
+27.5%
Profitability
BX TTM to Sep 2026 · KKR TTM to Jun 2026Gross margin (FY)†
86.0%
18.0%
Operating margin
52.0%
7.8%
EBITDA margin
52.9%
46.2%
Net margin
21.8%
15.0%
Free-cash-flow margin (FY)
12.6%
1.7%
Return on equity
40.2%
10.2%
Return on assets
7.2%
0.8%
Asset turnover
0.33
0.05
† 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
BX MRQ Sep 2026 · KKR MRQ Jun 2026Cash
$3.04B
$10.51B
Total debt
$14.19B
$50.49B
Net debt
$11.16B
$39.99B
Debt / equity
1.6×
1.6×
Net debt / EBITDA (TTM)
1.3×
4.1×
Interest coverage (FY)
14.1×
0.2×
Current ratio (FY)
0.91
79.85
Dividends
trailing 12 monthsDividend yield
4.4%
0.8%
Dividends per share
$5.23
$0.76
Payout ratio (of TTM EPS)
115.5%
23.9%
Dividend per share, 5-year CAGR
11.6%
6.3%
Frequency
Quarterly
Quarterly
Ownership and activity
last 90 days · latest 13FTracked superinvestors holding (13F)
5
8
Insider open-market buys (Form 4)
$62K
$0
Insider sales (Form 4)
$24.4M
$1.1M
Analyst upgrades
0
0
Analyst downgrades
0
0
Statements
BX income TTM to Sep 2026 · cash flow FY2025 · KKR income TTM to Jun 2026 · cash flow FY2025Revenue
$16.29B
$21.06B
EBITDA
$8.63B
$9.74B
Operating income
$8.48B
$1.65B
Net income
$3.56B
$3.15B
EPS (diluted)
$4.53
$3.18
Operating cash flow
$1.86B
$477.8M
Capital expenditure
−$115.7M
−$160.8M
Free cash flow
$1.74B
$317.0M
Dividends paid
$6.01B
$768.5M
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.