What is Blackstone's multi asset investing — goodwill?

Blackstone (BX) reported multi asset investing — goodwill of $231.8M in Q4 2025.

What does multi asset investing — goodwill mean?

This metric represents the carrying value of goodwill specifically attributed to the Multi Asset Investing business segment. It reflects the excess of the purchase price over the fair value of identifiable net assets acquired in business combinations related to this specific investment strategy. This figure is subject to periodic impairment testing to ensure the carrying amount does not exceed the recoverable amount of the segment.

Blackstone BX Multi Asset Investing — Goodwill

Other segment segments

Private Equity

$870M0.0%

Real Estate

$421.7M0.0%

Credit And Insurance

$366.7M0.0%

Similar metrics at other companies

BURAsset Management and Other Services — Goodwill

$25.02M0.0%

VOYAInvestment Management Segment — Goodwill

$286M0.0%

IHRTMultiplatform Group — Goodwill

$731.5M0.0%

CNN

CNNECorporate and Other — Goodwill

$0—

OIICorporate Segment — Goodwill

$0—

RITMInvestment Portfolio — Goodwill

$0—

Other financials

Income statement

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Revenue$3.6B+10.0%

Net income$649.7M+5.7%

EPS (diluted)$0.83+3.7%

Balance sheet

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Cash & equivalents$2.7B-20.3%

Total debt$14.3B+3.2%

Total equity$8.4B+4.9%

Total assets$48.3B+6.8%

Cash flow

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Operating cash flow$991.0M-10.7%

CapEx$33.4M+14.1%

Free cash flow$957.6M-11.3%

Valuation

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Market cap$103.99B-24.9%

Enterprise value$115.57B-22.4%

P/E34.1×-14.3×

P/S7×-3.0×

Profitability

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Net margin20.7%+0.8pp

FCF margin29.9%+2.1pp

Returns & leverage

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Return on equity37.4%+3.3pp

Debt / equity1.7×0.0×

Where this comes from

Reported directly by Blackstone in its filing.

Tagged under the XBRL concept us-gaap:Goodwill.

The official record: Blackstone’s 10-K, filed February 27, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Blackstone's multi asset investing — goodwill?: Blackstone (BX) reported multi asset investing — goodwill of $231.8M in Q4 2025.
What does multi asset investing — goodwill mean?: This metric represents the carrying value of goodwill specifically attributed to the Multi Asset Investing business segment. It reflects the excess of the purchase price over the fair value of identifiable net assets acquired in business combinations related to this specific investment strategy. This figure is subject to periodic impairment testing to ensure the carrying amount does not exceed the recoverable amount of the segment.