Company financials

Blackstone Inc.

Financials Asset Management & Custody Banks New York City, New York Last filing Feb 27, 2026 · FY2025

                    Revenue
                    FY2025
                
$14.5B
                    3y CAGR +19.3%
                    
                    P68
                    
                    +9.2%
                    
                    Net income
                    FY2025
                
$3.0B
                    Net margin +20.9%
                    
                    P52
                    
                    +8.7%
                    
                    Total assets
                    FY2025
                
$47.7B
                    ROA +6.3%
                    
                    P79
                    
                    +9.8%
                    
                    Operating cash flow
                    FY2025
                
$4.7B
                    FCF margin +31.5%
                    
                    P61
                    
                    +33.9%

18 yrs · FY2008–FY2025 9 filed · 0 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Running CAGR since the earliest displayed year.

Balance Sheet

Assets, liabilities, and equity

25 accounts · 5 years

Total assets $47.7B

Total liabilities $25.8B

Shareholders equity $8.7B

Account	2025	2024	2023	2022	2021
Assets
Cash and Cash Equivalents	+5.6%	-2.4%	+18.1%	+100.6%	—
Accounts Receivable	-17.7%	-28.0%	-44.9%	-27.3%	—
Prepaid Expenses	+35.9%	+27.8%	+50.0%	+78.7%	—
Other Current Assets	+23.8%	+24.4%	+38.4%	+62.4%	—
Property,Plant and Equipment	+20.8%	+27.4%	+49.0%	+68.3%	—
Operating Lease Assets	-1.0%	+2.1%	+3.3%	+13.7%	—
Goodwill	+0.0%	+0.0%	+0.0%	+0.0%	—
Intangible Assets	-17.6%	-16.6%	-15.9%	-23.6%	—
Deferred Tax Assets	+6.8%	+8.2%	+21.4%	+30.4%	—
Other Noncurrent Assets	+23.8%	+24.4%	+38.4%	+62.4%	—
Total Assets	+3.7%	+1.8%	-1.1%	+3.2%	—
Liabilities
Operating Lease Liabilities	-1.3%	+2.1%	+4.4%	+12.5%	—
Other Current Liabilities	—	—	—	—	—
Total Current Liabilities	+7.3%	+7.1%	+6.8%	+17.2%	—
Long Term Debt	+13.5%	+14.7%	+24.4%	+64.7%	—
Operating Lease Liabilities Noncurrent	-1.3%	+2.1%	+4.4%	+12.5%	—
Other Noncurrent Liabilities	—	—	—	—	—
Total Liabilities	+7.3%	+7.1%	+6.8%	+17.2%	—
Equity
Common Stock	+0.0%	+0.0%	+0.0%	+0.0%	—
Additional Paid In Capital	+10.0%	+8.7%	+3.2%	+2.4%	—
Retained Earnings	-52.1%	-39.5%	-57.4%	-52.1%	—
Accumulated Other Comprehensive Income	—	—	—	—	—
Noncontrolling Interest	+6.6%	+3.2%	-3.9%	-9.7%	—
Total Stockholders Equity	-2.1%	-4.5%	-14.9%	-18.8%	—
Total Liabilitiesand Equity	+3.7%	+1.8%	-1.1%	+3.2%	—

Income Statement

Revenue, expense, and profitability

17 accounts · 5 years

Revenue $14.5B

Operating income $3.0B

Net income $3.0B

Account	2025	2024	2023	2022	2021
IncomeStatement
Revenues Total Revenue	-10.6%	-16.3%	-40.4%	-62.3%	—
Expenses Cost of Revenue	-5.0%	-10.4%	-27.5%	-47.5%	—
Expenses Selling,General and Administrative	+13.5%	+14.1%	+10.3%	+19.0%	—
Expenses Depreciation and Amortization	-16.7%	-21.7%	-26.8%	-10.4%	—
Expenses Share Based Compensation	+22.7%	+22.4%	+24.5%	+32.8%	—
Expenses Operating Expenses	-5.0%	-10.4%	-27.5%	-47.5%	—
Other Income Expense Operating Income	-15.3%	-22.0%	-51.3%	-70.2%	—
Other Income Expense Interest Expense	+26.5%	+30.8%	+47.6%	+60.0%	—
Other Income Expense Other Income/expense	-2.0%	-52.6%	—	—	—
Other Income Expense Income Before Tax	-14.7%	-21.9%	-53.3%	-74.5%	—
Income Tax Income Tax Expense	-1.3%	-4.8%	-34.2%	-60.1%	—
net Income net Income	-15.3%	-22.0%	-51.3%	-70.2%	—
net Income Comprehensive Income	-15.0%	-22.2%	-51.1%	-70.3%	—
Earnings Per Share Basic Eps	-17.0%	-23.7%	-52.5%	-71.0%	—
Earnings Per Share Diluted Eps	-16.9%	-23.6%	-52.4%	-71.0%	—
Earnings Per Share Weighted Average Shares Basic	+2.0%	+2.1%	+2.4%	+2.9%	—
Earnings Per Share Weighted Average Shares Diluted	+2.0%	+2.1%	+2.4%	+2.9%	—

Cash Flow Statement

Operating, investing, and financing flows

17 accounts · 5 years

Operating cash flow $4.7B

Investing cash flow $-115.7M

Financing cash flow $-3.9B

Account	2025	2024	2023	2022	2021
CashFlow
Operating Activities net Income	-15.3%	-22.0%	-51.3%	-70.2%	—
Operating Activities Depreciation and Amortization	+17.1%	+23.7%	+34.3%	+32.6%	—
Operating Activities Stock Based Compensation	+22.7%	+22.4%	+24.5%	+32.8%	—
Operating Activities Deferred Income Taxes	-1.3%	-9.2%	—	—	—
Operating Activities Changes In Operating Assets and Liabilities	—	—	—	—	—
Operating Activities net Cash From Operating Activities	+4.0%	-4.4%	+0.9%	+59.0%	—
Investing Activities Capital Expenditures	+15.8%	-1.5%	+86.7%	+266.2%	—
Investing Activities Business Acquisitions	—	—	—	—	—
Investing Activities net Cash From Investing Activities	—	—	—	—	—
Financing Activities Proceeds From Debt	+6.1%	-30.7%	-52.8%	+58.4%	—
Financing Activities Repayment of Debt	—	—	—	—	—
Financing Activities Dividends Paid	+6.9%	-1.3%	-3.7%	+41.6%	—
Financing Activities net Cash From Financing Activities	—	—	—	—	—
Cash Reconciliation Effect of Exchange Rate On Cash	—	—	—	—	—
Cash Reconciliation net Change In Cash	+49.7%	—	—	+1595.8%	—
Cash Reconciliation Cash At Beginning of Period	+6.7%	-0.4%	+22.0%	+104.3%	—
Cash Reconciliation Cash At End of Period	+6.7%	-0.4%	+22.0%	+104.3%	—

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 5 years

Ratio	2025	2024	2023	2022	2021
Profitability
Gross margin	+46.7%	+48.5%	+37.9%	+41.6%	+58.0%
Operating margin	+20.9%	+21.0%	+17.3%	+20.5%	+25.9%
Net margin	+20.9%	+21.0%	+17.3%	+20.5%	+25.9%
FCF margin	+31.5%	+25.9%	+47.8%	+71.6%	+17.4%
Growth
Revenue CAGR (3y)	+19.3%	-16.3%	+9.6%	+5.1%	+48.9%
Returns
ROE	+34.8%	+33.8%	+20.4%	+22.8%	+62.2%
ROA	+6.3%	+6.4%	+3.5%	+4.1%	+14.2%
ROIC	+13.8%	+13.3%	+4.2%	+9.6%	+36.1%
Liquidity
Current ratio	—	—	—	—	—
Quick ratio	0.11x	0.09x	0.14x	0.21x	0.14x
Leverage
D/E	2.98x	2.92x	3.26x	2.98x	2.07x
Interest coverage	5.94x	6.26x	3.22x	5.51x	29.54x
Efficiency
Asset turnover	0.30x	0.30x	0.20x	0.20x	0.55x
Cash conversion cycle	—	—	—	—	—

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Blackstone Inc.

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