Investing
CapEx
Blackstone CapEx decreased by 6.6% to $22.35M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 88.0%, from $11.89M to $22.35M. Over 4 years (FY 2021 to FY 2025), CapEx shows an upward trend with a 15.8% CAGR.
Analysis
StatementCash Flow Statement
SectionInvesting
CategoryGrowth
SignalContext dependent
VolatilityModerate
First reportedQ4 2013
Last reportedQ4 2025
How to read this metric
An increase signals growth investment or infrastructure modernization; a decrease might suggest cost-cutting or a transition to an asset-light model.
Detailed definition
Funds used by a company to acquire, upgrade, and maintain physical assets such as property, plants, buildings, technolog...
Peer comparison
Hardware-focused tech firms typically have higher CapEx relative to revenue than pure software companies due to manufacturing and supply chain needs.
Metric ID:
cf_capital_expendituresHistorical Data
19 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $14.07M | $9.65M | $19.86M | $56.15M | $45.24M | $85.39M | $48.71M | $69.56M | $60.68M | $62.67M | $31.33M | $17.76M | $12.38M | $19.39M | $11.89M | $29.28M | $40.15M | $23.93M | $22.35M |
| QoQ Change | — | -31.4% | +105.9% | +182.7% | -19.4% | +88.7% | -42.9% | +42.8% | -12.8% | +3.3% | -50.0% | -43.3% | -30.3% | +56.6% | -38.7% | +146.3% | +37.1% | -40.4% | -6.6% |
| YoY Change | — | — | — | — | +221.6% | +785.3% | +145.3% | +23.9% | +34.1% | -26.6% | -35.7% | -74.5% | -79.6% | -69.1% | -62.1% | +64.9% | +224.3% | +23.4% | +88.0% |
Range$9.65M – $85.39M
CAGR+10.8%
Avg YoY Growth+84.2%
Median YoY Growth+23.9%
Current Streak2 quarters decline
CapEx at Other Companies
Frequently Asked Questions
- What is Blackstone's capex?
- Blackstone (BX) reported capex of $22.35M in Q4 2025.
- How has Blackstone's capex changed year-over-year?
- Blackstone's capex increased by 88.0% year-over-year, from $11.89M to $22.35M.
- What is the long-term trend for Blackstone's capex?
- Over 4 years (2021 to 2025), Blackstone's capex has grown at a 15.8% compound annual growth rate (CAGR), from $64.32M to $115.70M.
- What does capex mean?
- The money spent on long-term physical assets like machinery, data centers, and office buildings.