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
- Return on equity: Blackstone 39.0%, KKR 10.2%.
- Free-cash-flow yield: Blackstone 1.4%, KKR 0.4%.
- Consensus revenue growth for next year: Blackstone +4.1%, KKR −40.0%.
- Price / sales: Blackstone 7.9×, KKR 3.6×.
Price return
2025-10-16 → 2026-10-16
BX−32.5%
KKR−26.6%
Profile
latestSector
Financial Services
Financial Services
Industry
Asset Management
Asset Management
Market value
$122.73B
$77.39B
Enterprise value
$133.54B
—
Employees
5,285
5,043
Revenue per employee (TTM)
$2.9M
$4.2M
Our models
nightlythe valuation on each stock's pagePrice vs model
13% undervalued vs model
17% undervalued vs model
Model range
$88.56–197
$87.30–183
Models in the headline
1
1
FCF growth priced in, at a 10% return
35.3%
69.7%
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 2026-10-16Last close
$106.61
$86.21
52-week high
$163.50
$142.77
52-week low
$102.12
$83.88
Price vs 52-week high
−34.8%
−39.6%
Price vs 52-week low
+4.4%
+2.8%
Average daily volume / shares
0.6%
0.5%
Beta
1.59
1.83
Returns
to 2026-10-161 month
−13.6%
−11.0%
3 months
−17.3%
−16.1%
6 months
−16.8%
−15.5%
Year to date
−30.8%
−32.4%
1 year
−32.5%
−26.6%
1 year, dividends added
−29.2%
−26.0%
2 years
−33.2%
−36.5%
Valuation
price × TTM to Jun 2026P/E (TTM)
23.9×
—
P/E on consensus EPS (next FY)
18.0×
10.4×
Price / sales
7.9×
3.6×
EV / sales
8.6×
—
EV / EBITDA
—
—
Price / book
13.6×
2.5×
Price / free cash flow (FY)
70.3×
244.1×
Free-cash-flow yield (FY)
1.4%
0.4%
Growth
TTM and FY2025Revenue growth (TTM)
—
—
Revenue growth, consensus next FY
+4.1%
−40.0%
Revenue, 3-year CAGR
22.9%
50.4%
Revenue, 5-year CAGR
20.7%
57.5%
EPS growth (TTM)
—
—
EPS growth, consensus next FY
+52.7%
—
EPS, 3-year CAGR
18.0%
—
Free cash flow, 3-year CAGR
−34.1%
—
Diluted shares, 3-year change
+5.4%
—
Profitability
TTM to Jun 2026Gross margin (FY)†
86.0%
18.0%
Operating margin
—
—
EBITDA margin
—
—
Net margin
22.7%
14.8%
Free-cash-flow margin (FY)
12.6%
1.6%
Return on equity
39.0%
10.2%
Return on assets
7.1%
0.8%
Asset turnover
0.31
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
MRQ Jun 2026Cash
$2.51B
$21.20B
Total debt
$13.32B
—
Net debt
$10.81B
—
Debt / equity
1.5×
—
Net debt / EBITDA (TTM)
—
—
Interest coverage (FY)
14.1×
0.2×
Current ratio (FY)
0.91
79.85
Dividends
trailing 12 monthsDividend yield
4.9%
0.9%
Dividends per share
$5.23
$0.76
Payout ratio (of TTM EPS)
117.0%
—
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
income TTM to Jun 2026 · cash flow FY2025Revenue
$15.49B
$21.31B
EBITDA
—
—
Operating income
—
—
Net income
$3.52B
$3.15B
EPS (diluted)
$4.47
—
Operating cash flow
$1.86B
$477.8M
Capital expenditure
−$115.7M
−$160.8M
Free cash flow
$1.74B
$317.0M
Dividends paid
$6.01B
$649.9M
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.