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

Each cell as a share of that year’s revenue.

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	18.2%	14.9%	36.8%	49.9%	9.4%
Accounts Receivable	2.0%	1.8%	2.4%	5.4%	2.8%
Prepaid Expenses	2.2%	1.5%	2.6%	1.9%	0.4%
Other Current Assets	8.0%	7.2%	11.8%	9.4%	2.2%
Property,Plant and Equipment	3.6%	3.8%	6.8%	4.8%	1.1%
Operating Lease Assets	5.2%	6.3%	10.5%	10.5%	3.5%
Goodwill	13.1%	14.3%	23.6%	22.2%	8.4%
Intangible Assets	0.9%	1.2%	2.5%	2.6%	1.3%
Deferred Tax Assets	14.2%	15.1%	29.1%	24.2%	7.0%
Other Noncurrent Assets	8.0%	7.2%	11.8%	9.4%	2.2%
Total Assets	330.2%	328.6%	502.2%	499.2%	182.5%
Liabilities
Operating Lease Liabilities	6.0%	7.3%	12.3%	12.0%	4.0%
Other Current Liabilities	22.3%	21.2%	29.8%	24.9%	—
Total Current Liabilities	178.7%	181.2%	276.9%	268.2%	86.3%
Long Term Debt	86.1%	85.6%	144.7%	145.0%	33.2%
Operating Lease Liabilities Noncurrent	6.0%	7.3%	12.3%	12.0%	4.0%
Other Noncurrent Liabilities	22.3%	21.2%	29.8%	24.9%	—
Total Liabilities	178.7%	181.2%	276.9%	268.2%	86.3%
Equity
Common Stock	0.0%	0.0%	0.0%	0.0%	0.0%
Additional Paid In Capital	58.7%	56.3%	77.0%	69.7%	25.7%
Retained Earnings	1.3%	6.1%	8.2%	20.5%	16.2%
Accumulated Other Comprehensive Income	-0.0%	-0.3%	-0.2%	-0.3%	-0.1%
Noncontrolling Interest	50.0%	46.5%	64.5%	59.4%	24.8%
Total Stockholders Equity	60.0%	62.1%	85.0%	89.9%	41.7%
Total Liabilitiesand Equity	330.2%	328.6%	502.2%	499.2%	182.5%

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	100.0%	100.0%	100.0%	100.0%	100.0%
Expenses Cost of Revenue	53.3%	51.5%	62.1%	58.4%	42.0%
Expenses Selling,General and Administrative	10.6%	10.3%	13.9%	12.8%	4.1%
Expenses Depreciation and Amortization	0.2%	0.3%	0.5%	0.8%	0.3%
Expenses Share Based Compensation	10.0%	8.8%	12.3%	9.9%	2.8%
Expenses Operating Expenses	53.3%	51.5%	62.1%	58.4%	42.0%
Other Income Expense Operating Income	20.9%	21.0%	17.3%	20.5%	25.9%
Other Income Expense Interest Expense	3.5%	3.4%	5.4%	3.7%	0.9%
Other Income Expense Other Income/expense	2.9%	0.4%	-1.0%	-1.0%	2.0%
Other Income Expense Income Before Tax	49.6%	48.8%	36.9%	40.6%	60.1%
Income Tax Income Tax Expense	7.8%	7.7%	6.4%	5.6%	5.2%
net Income net Income	20.9%	21.0%	17.3%	20.5%	25.9%
net Income Comprehensive Income	21.1%	20.8%	17.4%	20.4%	25.9%
Earnings Per Share Basic Eps	0.0%	0.0%	0.0%	0.0%	0.0%
Earnings Per Share Diluted Eps	0.0%	0.0%	0.0%	0.0%	0.0%
Earnings Per Share Weighted Average Shares Basic	5.4%	5.8%	9.4%	8.7%	3.2%
Earnings Per Share Weighted Average Shares Diluted	5.4%	5.8%	9.4%	8.7%	3.2%

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	20.9%	21.0%	17.3%	20.5%	25.9%
Operating Activities Depreciation and Amortization	0.7%	0.7%	1.2%	0.8%	0.2%
Operating Activities Stock Based Compensation	10.0%	8.8%	12.3%	9.9%	2.8%
Operating Activities Deferred Income Taxes	3.1%	2.6%	-1.8%	-4.2%	2.1%
Operating Activities Changes In Operating Assets and Liabilities	1.5%	0.6%	-3.0%	-2.1%	-1.3%
Operating Activities net Cash From Operating Activities	32.3%	26.3%	50.6%	74.4%	17.7%
Investing Activities Capital Expenditures	0.8%	0.5%	2.8%	2.8%	0.3%
Investing Activities Business Acquisitions	0.0%	0.0%	0.1%	0.0%	0.0%
Investing Activities net Cash From Investing Activities	-0.8%	-0.5%	-2.9%	-2.8%	-0.3%
Financing Activities Proceeds From Debt	19.5%	5.6%	6.2%	41.3%	9.8%
Financing Activities Repayment of Debt	12.5%	0.8%	6.3%	3.3%	0.0%
Financing Activities Dividends Paid	41.6%	33.4%	53.2%	76.5%	20.4%
Financing Activities net Cash From Financing Activities	-26.8%	-34.0%	-63.0%	-44.5%	-16.7%
Cash Reconciliation Effect of Exchange Rate On Cash	0.1%	-0.1%	0.1%	-0.1%	-0.0%
Cash Reconciliation net Change In Cash	4.7%	-8.3%	-15.2%	26.9%	0.6%
Cash Reconciliation Cash At Beginning of Period	19.8%	16.4%	40.8%	52.8%	9.7%
Cash Reconciliation Cash At End of Period	19.8%	16.4%	40.8%	52.8%	9.7%

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	—	—	—	—	—

Valuation

Price against fundamentals

FY2025 fundamentals · no price

No price data cached, so there is nothing to multiply. Load prices from the Stock Data tab and this panel reprices itself.

Notes

Your annotations

Not watched

Blackstone Inc.

Assets, liabilities, and equity

Revenue, expense, and profitability

Operating, investing, and financing flows

Margins, returns, liquidity, leverage, efficiency

Price against fundamentals

Your annotations

One-year price and volume history

Price data unavailable

Assets, liabilities, and equity

Revenue, expense, and profitability

Operating, investing, and financing flows

Margins, returns, liquidity, leverage, efficiency

Price against fundamentals

Your annotations

One-year price and volume history

Price data unavailable

Recent price history