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UPDATED: Nov 14, 2025

Stock Analysis

BX Logo
Blackstone
NYSE:BX
$142.05
$2.52 |1.81%
Day Range:
$136.89 - $142.50
Market Cap:
109.50B
P/E Ratio:
40.0948
Avg Value:
$158.31
Year Range:
$115.66 - $200.96
1
General Information
Blackstone is the world's largest alternative-asset manager with $1.242 trillion in total asset under management, including $906.2 billion in fee-earning assets under management, at the end of September 2025.

The company operates with scale in each of its major product lines: private equity (26% of fee-earning AUM and 33% of base management fees), real estate/real assets (31% and 35%), private credit (34% and 25%), and other alternatives (9% and 7%). While the firm primarily serves institutional investors (84% of AUM), it also caters to clients in the high-net-worth channel (16%). Blackstone operates through 25 offices in the Americas (8), Europe and the Middle East (9), and the Asia-Pacific region (8).

2
Blackstone (BX) Stock Graph
3
How We Grade Blackstone (BX)

We grade stocks based on past performance, their future growth potential, intrinsic value, dividend history, and overall financial health.

The chart below shows how we grade Blackstone (BX) across the board compared to its closest peers.

4
Benzinga Edge Rankings

Benzinga Edge stock rankings give you four critical scores to help you identify the strongest and weakest stocks to buy and sell.

55.13

Growth measures a stock's combined historical expansion in earnings and revenue across multiple time periods, with emphasis on both long-term trends and recent performance.

Momentum measures a stock's relative strength based on its price movement patterns and volatility over multiple timeframes, ranked as a percentile against other stocks.

83.51

Quality is a composite ranking that evaluates a company's operational efficiency and financial health by analyzing historical profitability metrics and fundamental strength indicators on a percentile basis relative to peers.

Stock Score Locked: Want to See it?
Benzinga Rankings give you vital metrics on any stock – anytime.
5
Peer Ratings

See how Blackstone compares to its peers in these key performance metrics from Benzinga Rankings.

Top Peers
Value
Quality
Growth
Momentum
Short
Medium
Long
KKRKKR
49.09
0
65.71
21.72
BNBrookfield
16.88
70.28
31.36
62.94
BAMBrookfield Asset Mgmt
7.8
0
0
23.36
BKBank of New York Mellon
0
67.71
39.82
82.44
Short: price trend over the last couple of months
Medium: price trend over the last couple of quarters
Long: price trend over the past year
Stock Score Locked: Want to See it?
Benzinga Rankings give you vital metrics on any stock – anytime.
6
Future Growth
Our estimate of future price growth is based on an aggregation of 9 analyst ratings over the past 3 months and their 12-month price targets.

Below, you can see that analysts are estimating a 12-month price target range of $165.00 - $215.00 with an average of $182.80

29.10%
Expected movement for Blackstone (BX) over the next 12 months
Based on these rankings

Recent Ratings for Blackstone (BX)

TD Cowen
Date:
Oct 24, 2025
Action:
Maintains
Prev. Target:
$208.00
New Target:
$205.00
Piper Sandler
Date:
Oct 24, 2025
Action:
Maintains
Prev. Target:
$173.00
New Target:
$168.00
Barclays
Date:
Oct 24, 2025
Action:
Maintains
Prev. Target:
$171.00
New Target:
$165.00
JP Morgan
Date:
Oct 24, 2025
Action:
Maintains
Prev. Target:
$177.00
New Target:
$176.00
JMP Securities
Date:
Oct 24, 2025
Action:
Reiterates
Prev. Target:
$195.00
New Target:
$195.00
Morgan Stanley
Date:
Oct 21, 2025
Action:
Maintains
Prev. Target:
$200.00
New Target:
$215.00
Citigroup
Date:
Oct 13, 2025
Action:
Maintains
Prev. Target:
$185.00
New Target:
$170.00
Piper Sandler
Date:
Oct 9, 2025
Action:
Maintains
Prev. Target:
$181.00
New Target:
$173.00
Barclays
Date:
Oct 8, 2025
Action:
Maintains
Prev. Target:
$181.00
New Target:
$171.00
7
Valuation

Earnings History (3 years)

It is important to look at a companies earnings history to see not only if they are profitable, but if their earnings are growing.
As you can see from the chart above, BX's earnings have fluctuated but has increased since, this is a positive sign for the stock.
8
Past Performance
How has Blackstone (BX) performed over the past 5 years?

The two main factors that we consider when analyzing past performance is overall return and volatility

Using these two metrics, we can determine if this stock gave its investors enough return for the risk that they took on by owning it. This is measured by the sharpe ratio, which has been used as a primary measure of risk/reward trade-off for almost 60 years.

This ratio can be interpreted as the amount of return an investor has received for the amount of risk that they took on by owning the stock over that timeframe.

Blackstone (BX) sharpe ratio over the past 5 years is 1.3161 which is considered to be above average compared to the peer average of 0.8698

9
Analyzing Blackstone (BX) Recent Options Activity
Below, you can see the trend in options sentiment over the past 30 days.

Based on our data, BX's options trades have recently carried more negative sentiment than positive.

10
Company Financials
INCOME STATEMENT
The income statement also known as the profit and loss statement, primarily focuses on the company's revenues and expenses during a particular period.

The main purpose of an income statement is to convey details of profitability and business activities. Below, is BX's income statement for the previous four years along with its trailing-twelve- month profit & loss.

FISCAL YEAR (BIL.)
2021 ($)
2022 ($)
2023 ($)
2024 ($)
TTM ($)
Total Revenue
16.65
7.13
7.01
10.93
11.38
Operating Revenue
16.65
7.13
7.01
10.93
11.38
Cost Of Revenue
0.00
0.00
0.00
0.00
0.00
Gross Profit
0.00
0.00
0.00
0.00
0.00
Operating Expense
3.09
3.67
4.05
4.47
5.00
Selling General And Administration
0.93
1.12
1.24
1.38
1.46
Research and Development
0.00
0.00
0.00
0.00
0.00
Operating Income
0.00
0.00
0.00
0.00
0.00
Net Non-Operating Interest Income Expense
0.00
0.00
0.00
0.00
0.00
Other Income Expense
0.00
0.00
0.00
0.00
0.00
Other Non-Operating Income Expenses
0.00
0.00
0.00
0.00
0.00
Pre-Tax Income
13.56
3.46
2.96
6.46
6.38
Tax Provision
1.18
0.47
0.51
1.02
0.98
Net Income
5.86
1.75
1.39
2.78
2.71
Net Income Common Stockholders
5.86
1.75
1.39
2.78
2.71
Total Operating Income As Reported
0.00
0.00
0.00
0.00
0.00
Total Expenses
0.00
0.00
0.00
0.00
0.00
Net Income From Continuing And Discontinued Operation
5.86
1.75
1.39
2.78
2.71
Normalized Income
5.86
1.75
1.39
2.78
2.71
Interest Income
0.16
0.27
0.52
0.41
0.40
Interest Expense
0.20
0.32
0.43
0.44
0.50
Net Interest Income
-0.04
-0.05
0.08
-0.03
-0.09
EBIT
0.00
0.00
0.00
0.00
0.00
EBITDA
0.00
0.00
0.00
0.00
0.00
Reconciled Cost Of Revenue
0.00
0.00
0.00
0.00
0.00
Reconciled Depreciation
0.07
0.07
0.04
0.04
0.04
Normalized EBITDA
0.00
0.00
0.00
0.00
0.00
Tax Rate For Calcs
0.00
0.00
0.00
0.00
0.14
Tax Effect Of Unusual Items
0.00
0.00
0.00
0.00
0.00
BALANCE SHEET
The balance sheet is a snapshot of a companies financials during a particular period in time.

It breaks down what company owns (assets) and what a company owes (liabilities), in order to give investors an overview of its capital structure.

FISCAL YEAR (BIL.)
2021 ($)
2022 ($)
2023 ($)
2024 ($)
TTM ($)
Total Assets
41.20
42.52
40.29
43.47
46.55
Current Assets
0.00
0.00
0.00
0.00
0.00
Total Non-Current Assets
0.00
0.00
0.00
0.00
0.00
Total Liabilities Net Minority Interest
19.49
22.84
22.21
23.97
25.19
Current Liabilities
0.00
0.00
0.00
0.00
0.00
Other Non-Current Liabilities
0.00
0.00
0.00
0.00
0.00
Total Equity Gross Minority Interest
21.71
19.68
18.08
19.50
21.36
Stockholders Equity
0.00
0.00
0.00
0.00
0.00
Total Capitalization
17.23
20.10
18.12
19.53
20.40
Common Stock Equity
9.42
7.66
6.82
8.21
8.39
Net Tangible Assets
7.25
5.55
4.73
6.16
6.36
Working Capital
0.00
0.00
0.00
0.00
0.00
Invested Capital
17.23
20.10
18.12
19.53
20.40
Tangible Book Value
7.25
5.55
4.73
6.16
6.36
Total Debt
8.71
13.46
12.29
12.29
12.89
Net Debt
5.69
8.19
8.35
9.35
9.57
Share Issued
0.73
0.74
0.76
0.77
0.78
Ordinary Shares Number
0.73
0.74
0.76
0.77
0.78
CASH FLOW STATEMENTS
A companies statement of cash flows gives an investor a break down of the cash inflows and outflows from a companies operations and investment activities.
FISCAL YEAR (BIL.)
2021 ($)
2022 ($)
2023 ($)
2024 ($)
TTM ($)
Cash Flow from Continuing Operating Activities
Net Income from Continuing Operations
12.37
2.99
2.44
5.44
5.40
Depreciation and Amortization
0.07
0.07
0.04
0.04
0.04
Deferred Tax
Deferred Income Tax
Stock-Based Compensation
Other Non-Cash Items
-1.96
3.87
2.32
2.29
3.71
Change in Working Capital
-2.34
-1.09
-0.62
-1.54
-1.38
Change in Receivables
-0.84
0.83
0.57
-0.47
-0.27
Changes in Account Receivables
Change in Inventory
Change in Payables and Accrued Expense
Change in Payable
0.23
0.27
0.05
0.21
0.29
Change in Account Payable
Change in Other Current Assets
-0.16
-0.07
0.07
Change in Other Current Liabilities
-0.04
0.01
Change in Other Working Capital
Cash Flow from Continuing Investing Activities
Net PPE Purchase and Sale
-0.06
-0.24
-0.22
-0.06
-0.11
Net Business Purchase and Sale
-0.01
Purchase of Business
-0.01
Net Investment Purchase and Sale
Purchase of Investment
Sale of Investment
Net Other Investing Changes
Financing Cash Flow
-3.78
-3.79
-5.05
-4.50
-3.35
Cash Flow from Continuing Financing Activities
Net Issuance Payments of Debt
2.22
3.24
-0.01
0.64
1.04
Net Long-Term Debt Issuance
2.22
3.24
-0.01
0.64
1.04
Long-Term Debt Issuance
3.52
0.49
Long-Term Debt Payments
-0.28
-0.50
-0.10
-0.93
Net Short-Term Debt Issuance
Net Common Stock Issuance
-1.27
-0.47
-0.42
-0.66
-0.32
Common Stock Issuance
Common Stock Payments
-1.27
-0.47
-0.42
-0.66
-0.32
Cash Dividends Paid
-4.60
-6.52
-4.27
-4.42
-5.50
Net Other Financing Charges
-0.12
-0.05
-0.36
-0.05
1.43
End Cash Position
12.87
16.36
12.90
9.98
10.96
Changes in Cash
0.15
2.31
-1.23
-1.08
0.30
Beginning Cash Position
12.74
14.07
14.12
11.08
10.66
Capital Expenditure
-0.06
-0.24
-0.22
-0.06
-0.11
Issuance of Capital Stock
Issuance of Debt
3.52
0.49
Repayment of Debt
-0.28
-0.50
-0.10
-0.93
Repurchase of Capital Stock
-1.27
-0.47
-0.42
-0.66
-0.32
Free Cash Flow
3.92
6.10
3.83
3.42
3.65