Blackstone Inc. (BX) Stock Analysis
Blackstone Inc. (BX) Stock Analysis
Analysis from 10-Q filed 2025-11-07. Data as of Q4 2025.
Overall Grade: F (Concerning)
Blackstone Inc. faces challenges in financial performance that warrant careful analysis.
| Metric | Value | Context |
|---|---|---|
| ROIC | N/A | Below expectations |
| FCF Margin | 31.5% | Strong cash generation |
| Debt/Equity | 0.0x | Conservative leverage |
Investment Thesis: Healthy free cash flow margin of 31.5% provides financial flexibility for growth and shareholder returns.
Explore Blackstone Inc.: Earnings History | Filing Intelligence | ROIC Analysis
Profitability: Blackstone Inc. earns N/A ROIC
Blackstone Inc.'s trailing-twelve-month ROIC of N/A (sector median: 7.3%). Source: 10-Q filed 2025-11-07.
| Metric | BX | Rating | Context |
|---|---|---|---|
| Return on Invested Capital (ROIC) | N/A | Red flag | Below sector median of 7.3% |
| Return on Equity (ROE) | 36.4% | Excellent | Efficient use of shareholder equity |
Cash Flow: Blackstone Inc. generates $4.5B FCF at 31.5% margin, positive NaN/8 quarters
Blackstone Inc. generated $4.5B in free cash flow (TTM), a 31.5% FCF margin, a margin that ranks Top 50% in Financials. Operating cash flow exceeds net income by 1.5x, indicating high earnings quality. FCF was positive in N/A of the last 8 quarters. Source: 10-Q filed 2025-11-07.
| Metric | BX | Rating | Context |
|---|---|---|---|
| Free Cash Flow Margin | 31.5% | Excellent | Excellent cash conversion |
| Free Cash Flow (TTM) | $4.5B | Good | Positive cash generation |
| OCF/Net Income | 1.5x | Excellent | High earnings quality |
| FCF Consistency (8Q) | N/A | Warning | Variable cash flow |
Balance Sheet: Blackstone Inc. at 0.0x leverage
Blackstone Inc.'s debt-to-equity ratio of 0.0x reflects conservative leverage. Source: 10-Q filed 2025-11-07.
| Metric | BX | Rating | Context |
|---|---|---|---|
| Debt to Equity | 0.0x | Excellent | Conservative capital structure |
Valuation: Blackstone Inc. trades at 39.7x earnings
Blackstone Inc. trades at a P/E of 39.7x. Free cash flow yield of 3.8% reflects market expectations for growth.
| Metric | BX | Rating | Context |
|---|---|---|---|
| P/E Ratio | 39.7x | Adequate | Premium valuation |
| EV/Sales | 8.1x | Adequate | Growth premium priced in |
| FCF Yield | 3.8% | Adequate | Lower cash yield |
| Dividend Yield | 3.0% | Adequate | Meaningful income |
Capital Allocation: Blackstone Inc. returns 3.2% shareholder yield
Blackstone Inc.'s total shareholder yield is 3.2% (dividends 3.0% + buybacks 0.1%). Source: 10-Q filed 2025-11-07.
| Metric | BX | Rating | Context |
|---|---|---|---|
| Total Shareholder Yield | 3.2% | Good | Dividend + buyback yield combined |
| Buyback Yield | 0.1% | Adequate | Minimal buyback activity |
| Total Capital Returned (TTM) | $6.2B | Good | Dividends + buybacks returned to shareholders |
Sector Rankings
| Metric | Value | Percentile | vs Median |
|---|---|---|---|
| Free Cash Flow Margin | 31.5% | Top 50% | 1.4x above |
| Return on Equity (ROE) | 36.4% | Top 5% | 3.5x above |
| P/E Ratio | 39.7x | N/A | - |
Financial Scorecard
| Metric | BX | Rating | Sector Context |
|---|---|---|---|
| Free Cash Flow Margin | 31.5% | Excellent | Top 50% of sector (median: 21.7%) |
| Debt to Equity Ratio | 0.0% | Excellent | Conservative capital structure |
| P/E Ratio (Price-to-Earnings) | 39.7x | Adequate | High expectations priced in |
| Free Cash Flow Yield | 3.8% | Adequate | Moderate yield |
Frequently Asked Questions
Q: What is Blackstone Inc.'s Return on Invested Capital (ROIC)?
Blackstone Inc. (BX) has a trailing twelve-month Return on Invested Capital (ROIC) of N/A. This compares below the sector median of 7.3%. An ROIC below 8% suggests the company may be destroying shareholder value.
Q: What is Blackstone Inc.'s Free Cash Flow Margin?
Blackstone Inc. (BX) has a free cash flow margin of 31.5%, generating $4.5 billion in free cash flow over the trailing twelve months. A FCF margin above 20% indicates excellent cash conversion and a high-quality business model.
Q: Is Blackstone Inc. stock overvalued or undervalued?
Blackstone Inc. (BX) trades at a P/E ratio of 39.7x, which is above the sector median of N/A. The EV/Sales multiple is 8.1x. Free cash flow yield is 3.8%, which is in line with market averages.
Q: Does Blackstone Inc. pay a dividend?
Blackstone Inc. (BX) currently pays a dividend yield of 3.0%. Including share buybacks, the total shareholder yield is 3.2%. This yield is moderate, suggesting a balance between income and growth reinvestment.
Q: What is Blackstone Inc.'s revenue and earnings growth?
Blackstone Inc. (BX) grew revenue by 9.2% year-over-year. Earnings per share increased by 7.2% compared to the prior year. Modest growth indicates a mature business with stable demand.
Q: Is Blackstone Inc. buying back stock?
Blackstone Inc. (BX) repurchased $138.5 million of stock over the trailing twelve months. This represents a buyback yield of 0.1%.
Q: How does Blackstone Inc. compare to competitors in Financials?
Compared to other companies in Financials, Blackstone Inc. (BX) shows: ROIC of N/A is below the sector median of 7.3% (NaNx median). FCF margin of 31.5% exceeds the sector median of 21.7% (Top 28% of sector). These rankings are based on MetricDuck's analysis of all Financials companies with available SEC filings.
Q: What warning signs should I watch for with Blackstone Inc.?
Blackstone Inc. (BX) shows no major financial warning signs based on current metrics. However, investors should always monitor: 1) Margin compression trends, 2) Cash flow consistency, 3) Debt levels relative to cash generation, and 4) Changes in competitive positioning.
Data Source: Data sourced from 10-Q filed 2025-11-07. TTM metrics as of Q4 2025.
Methodology: Financial metrics calculated from SEC 10-K and 10-Q filings using standardized formulas. Sector comparisons use peer group based on SIC code.
Scope: This analysis covers SEC filing fundamentals — profitability, cash flow, balance sheet, and valuation metrics. For analyst estimates and price targets, consult sell-side research.
This analysis is for informational purposes only and does not constitute investment advice.