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Blackstone BX Private Equity — Goodwill

Other segment segments

Real Estate
$421.7M0.0%
Credit And Insurance
$366.7M0.0%
Multi Asset Investing
$231.8M

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$34.86M0.0%

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/S-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 private equity — goodwill?
Blackstone (BX) reported private equity — goodwill of $870M in Q4 2025.
How has Blackstone's private equity — goodwill changed year-over-year?
Blackstone's private equity — goodwill decreased by 0.0% year-over-year, from $870M to $870M.
What does private equity — goodwill mean?
This metric represents the intangible asset value recorded on the balance sheet specifically attributed to the Private Equity business segment following historical acquisitions. It reflects the premium paid over the fair market value of the net identifiable assets of acquired entities within this segment. This value is subject to periodic impairment testing to ensure it does not exceed its recoverable amount based on the segment's future cash-generating potential.