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BX

Blackstone Inc.
$110.34
+3.03% Oct 20 close
FinancialsS&P 500 CompareTechnicals
-35%-22%-9%+4%+17%Oct 2025Oct 2026Apr 2026
BXSPY
1W
+0.3%
1M
-11.7%
3M
-10.2%
6M
-12.5%
YTD
-26.2%
1Y
-28.4%

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What they do

Blackstone Inc. is an alternative asset management firm specializing in private equity, venture capital, real estate, hedge fund solutions, credit, secondary funds of funds, public debt and equity and multi-asset class strategies. The firm typically invests in early-stage, seed, middle market, mature, late venture, growth capital, emerging growth, turnaround, and later stage companies. It also provide capital markets services.

Financial Services · Asset Management

For information only · Important disclosures

Grades vs sector

Momentum
11th percentile in sector
D-
12-1 return: -20.5%
Percentile within its GICS sector across the S&P 1500.
Growth
83rd percentile in sector
A-
Revenue growth (YoY): +28.6%
Percentile within its GICS sector across the S&P 1500.
Value
20th percentile in sector
D
Forward E/P: 6.9% · EBITDA/EV: –
Percentile within its GICS sector across the S&P 1500.
Profitability
68th percentile in sector
B
Profit margin: +22.7% · Return on equity: +31.4%
Percentile within its GICS sector across the S&P 1500.
Revisions
Not enough data yet
–
EPS estimate change, 30 days (current FY): –
30-day change in analysts' current-year EPS estimate; graded across covered stocks.

Our models

Not held by any of our 5 live models right now.

Quality Growth
Outside this model's universe or screens
Momentum Top 15
ranked 412 of 499 · 12-month momentum -12.8%
Momentum Blend
Not in the current book
New Highs Growth
Outside this model's universe or screens
Coteau Long Book
Not in the current book

News

More news
Blackstone Soars 6% on Earnings Beat as Schwarzman Says “Inflows Reached $63 Billion”
TIKR · 1h ago
Blackstone's Jon Gray says CoreWeave can 'find a way through' financing pressure
CNBC · 4h ago
Stock market today: Dow, S&P 500, Nasdaq tumble as oil climbs, investors weigh Tesla, Meta earnings
Yahoo Finance · 4h ago
Blackstone Q3 26 Earnings Conference Call At 9:00 AM ET
Nasdaq · 6h ago
Blackstone Q3 Net Income Rises; Total AUM Up 10%
Nasdaq · 6h ago

Key stats

Market value$131.0B
P/E (last 12 months)24.5
P/E (next 12 months, estimated)14.8
52-week range$101.73 – $165.14
Revenue growth (latest quarter vs a year ago)+28.6%
Dividend yield4.74%
Analyst consensusBuy (22)
Average analyst price target$138.45 (+25%)
Valuation and fundamentals

Valuation & fundamentals

Bottom line
Leans undervalued
Model read-out from the numbers below, not advice. Score +2 (DCF counts double).
▲DCF (base case)above the price by 25%
▼Forward P/E vs sector14.8x vs median 10.2x
•Piotroski F-score4/9
▲Analyst target+25% (22 analysts)

Discounted cash flow

Bear
$70
-37%
growth 14% · disc. 13.2% · term. 2.0%
Base
$138
+25%
growth 24% · disc. 12.2% · term. 2.5%
Bull
$228
+107%
growth 30% · disc. 11.2% · term. 3.0%

A DCF starts from trailing free cash flow, so it can overstate value if the last 12 months were unusually strong (or weak). Use the bear case or edit the starting cash flow if so.

Reverse DCFfor context, not a signal
Not meaningful for asset management & custody banks: for banks, insurers and lenders, cash moving through loans and deposits swamps "free cash flow". Book value and earnings are better guides.
Edit assumptions · recalculates instantly
Your value per share–

Free cash flow = operating cash flow − capital spending, trailing 12 months (TTM to 2026-06-30). Growth default: average of 3-year revenue CAGR and latest revenue growth, capped at 30%. Years 6–10 fade linearly to terminal growth. Discount rate = 4.25% risk-free assumption + beta 1.59 × 5% equity premium, kept within 7–13%. Bear: lower growth, +1 pt discount, 2% terminal. Bull: higher growth, −1 pt, 3%.

Multiples vs Financials

P/E (trailing)
sector median 13.0× · 85th pct
24.5×
pricier
Forward P/E
sector median 10.2× · 81st pct
14.8×
pricier
EV / EBITDA
sector median 10.9×
–
Price / sales
sector median 2.8× · 83rd pct
8.1×
pricier
Price / book
sector median 1.6× · 98th pct
14.5×
pricier
FCF yield
sector median 8.2% · 17th pct
4.2%
pricier

Forward EPS $7.39 vs trailing $4.47 (+65% expected growth). Forward P/E uses analysts' next-12-month estimate.

Quality & financial health

Gross margin
–
Operating margin
–
FCF margin
34.1%
Net margin
21.8%
Return on equity
39.0%
Return on invested capital
–
Net debt / EBITDA
–
Current ratio
–
Interest cover
–
Cash conversion (OCF/NI)
1.6×
Piotroski F-score 4/9 · last two fiscal years
✓ Positive net income✓ Positive operating cash flow✗ Return on assets improved✓ Cash flow above net income✓ Long-term debt / assets fell✗ Current ratio improved✗ No share dilution✗ Gross margin improved✗ Asset turnover improved

Analysts

Mean target
$138
+25%
Analysts
22
Buy
Range
$116–$169
low – high
● price · ◆ mean target

Annual history

FYRevenueNet incomeFree cash flow
2025$14.5B$3.0B$4.5B
2024$13.2B$2.8B$3.4B
2023$8.0B$1.4B$3.8B
2022$8.5B$1.7B$6.1B
2021$22.6B$5.9B$3.9B
2020$6.1B$1.0B$1.8B

From the company's 10-K filings via SEC XBRL. 3-year revenue CAGR +19.3%.

Earnings

Next report: 2026-10-22 · before open · EPS est 1.26
24-1025-0125-0425-0725-1026-0126-0426-070.001.75
EstimateActual (beat)Actual (miss)
ReportEPS estActualSurprise
2026-07-231.341.52+13.7%
2026-04-231.341.36+1.7%
2026-01-291.541.75+13.9%
2025-10-231.231.52+23.9%
2025-07-241.101.21+9.8%
2025-04-171.061.09+3.1%
2025-01-301.471.69+15.2%
2024-10-170.911.01+10.5%

Quarterly revenue

QuarterRevenueYoY
2026-06-30$4.2B+32.5%
2026-03-31$3.0B–
2025-12-31$3.7B–
2025-09-30$2.7B–
2025-06-30$3.2B–
Rating changes
Reiterated
2026-10-19 · Piper Sandler reiterated Neutral on BX
Reiterated
2026-10-13 · UBS reiterated Neutral on BX
Reiterated
2026-10-12 · TD Cowen reiterated Buy on BX
Reiterated
2026-10-08 · Barclays reiterated Equal-Weight on BX
Initiated
2026-10-02 · Wells Fargo started covering BX at Equal-Weight
Reiterated
2026-08-27 · Oppenheimer reiterated Outperform on BX

Third-party analyst actions, not Coteau's views. All rating changes

Recent dividends

2026-08-03: $1.290 · 2026-05-04: $1.160 · 2026-02-09: $1.490 · 2025-11-03: $1.290 · 2025-08-04: $1.030 · 2025-04-28: $0.930 · 2025-02-10: $1.440 · 2024-10-28: $0.860
Insider trades
Bx Buzz Ml-1 Gp Llc
10% owner · 2026-10-13
Sell
$8.5K
Bx Buzz Ml-1 Gp Llc
10% owner · 2026-10-13
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$38.7K
Bx Buzz Ml-1 Gp Llc
10% owner · 2026-10-13
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$4.3M
Bx Buzz Ml-1 Gp Llc
10% owner · 2026-10-13
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$1.4M
Bx Buzz Ml-1 Gp Llc
10% owner · 2026-10-13
Sell
$530.3K
Bx Buzz Ml-1 Gp Llc
10% owner · 2026-10-13
Sell
$3.3M
Bx Buzz Ml-1 Gp Llc
10% owner · 2026-10-13
Sell
$237.4K
Bx Buzz Ml-1 Gp Llc
10% owner · 2026-09-28
Sell
$9.6K
Bx Buzz Ml-1 Gp Llc
10% owner · 2026-09-28
Sell
$43.8K
Bx Buzz Ml-1 Gp Llc
10% owner · 2026-09-28
Sell
$4.9M
Bx Buzz Ml-1 Gp Llc
10% owner · 2026-09-28
Sell
$1.6M
Bx Buzz Ml-1 Gp Llc
10% owner · 2026-09-28
Sell
$599.7K

Stats refreshed 2026-10-21 18:06:54 ET from Yahoo Finance (yfinance). "–" means the data isn't available. Refresh now

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coteau

Independent research · Not investment advice · Hypothetical unless marked Live · Data: Yahoo Finance (15-min delayed), SEC EDGAR, House Clerk · Important disclosures · Contact desk@coteau.app

Beta 0.9 · Oct 21, 2026