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 1.5×, BlackRock 0.2×.
- Return on equity: Blackstone 39.0%, BlackRock 11.4%.
- One-year price return: BlackRock −3.2%, Blackstone −32.5%.
- Consensus revenue growth for next year: BlackRock +21.7%, Blackstone +4.1%.
Price return
2025-10-16 → 2026-10-16
BLK−3.2%
BX−32.5%
Profile
latestSector
Financial Services
Financial Services
Industry
Asset Management
Asset Management
Market value
$175.68B
$122.73B
Enterprise value
$177.93B
$133.54B
Employees
24,900
5,285
Revenue per employee (TTM)
$1.1M
$2.9M
Our models
nightlythe valuation on each stock's pagePrice vs model
23% overvalued vs model
13% undervalued vs model
Model range
$793–1950
$88.56–197
Models in the headline
1
1
FCF growth priced in, at a 10% return
26.7%
35.3%
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 2026-10-16Last close
$1134.38
$106.61
52-week high
$1182.84
$163.50
52-week low
$922.90
$102.12
Price vs 52-week high
−4.1%
−34.8%
Price vs 52-week low
+22.9%
+4.4%
Average daily volume / shares
0.4%
0.6%
Beta
1.42
1.59
Returns
to 2026-10-161 month
+9.4%
−13.6%
3 months
+4.4%
−17.3%
6 months
+10.7%
−16.8%
Year to date
+6.0%
−30.8%
1 year
−3.2%
−32.5%
1 year, dividends added
−1.2%
−29.2%
2 years
+11.7%
−33.2%
Valuation
price × TTM to Jun 2026P/E (TTM)
27.2×
23.9×
P/E on consensus EPS (next FY)
19.9×
18.0×
Price / sales
6.4×
7.9×
EV / sales
6.5×
8.6×
EV / EBITDA
—
—
Price / book
3.0×
13.6×
Price / free cash flow (FY)
49.5×
70.3×
Free-cash-flow yield (FY)
2.0%
1.4%
Growth
TTM and FY2025Revenue growth (TTM)
—
—
Revenue growth, consensus next FY
+21.7%
+4.1%
Revenue, 3-year CAGR
10.7%
22.9%
Revenue, 5-year CAGR
—
20.7%
EPS growth (TTM)
—
—
EPS growth, consensus next FY
+61.8%
+52.7%
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 Jun 2026Gross margin (FY)†
46.7%
86.0%
Operating margin
32.6%
—
EBITDA margin
—
—
Net margin
24.1%
22.7%
Free-cash-flow margin (FY)
14.7%
12.6%
Return on equity
11.4%
39.0%
Return on assets
3.7%
7.1%
Asset turnover
0.16
0.31
† 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
MRQ Jun 2026Cash
$10.49B
$2.51B
Total debt
$12.74B
$13.32B
Net debt
$2.25B
$10.81B
Debt / equity
0.2×
1.5×
Net debt / EBITDA (TTM)
—
—
Interest coverage (FY)
10.0×
14.1×
Current ratio (FY)
15.76
0.91
Dividends
trailing 12 monthsDividend yield
2.0%
4.9%
Dividends per share
$22.40
$5.23
Payout ratio (of TTM EPS)
53.7%
117.0%
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
0
0
Analyst downgrades
0
0
Statements
income TTM to Jun 2026 · cash flow FY2025Revenue
$27.30B
$15.49B
EBITDA
—
—
Operating income
$8.89B
—
Net income
$6.58B
$3.52B
EPS (diluted)
$41.73
$4.47
Operating cash flow
$3.93B
$1.86B
Capital expenditure
−$375.0M
−$115.7M
Free cash flow
$3.55B
$1.74B
Dividends paid
—
$6.01B
Statements from the companies' SEC filings; 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.