Free cash flow
Blackstone Free cash flow decreased by 33.6% to $1.05B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 599.2%, from $149.52M to $1.05B. Over 3 years (FY 2022 to FY 2025), Free cash flow shows a downward trend with a -9.3% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase suggests strong operational efficiency and the ability to self-fund future innovation or return capital to shareholders, while a decrease may indicate heavy capital expenditure cycles or declining operational profitability.
Detailed definition
Free cash flow represents the cash generated by a company after accounting for cash outflows to support operations and m...
Peer comparison
High-growth semiconductor and AI infrastructure peers typically prioritize reinvestment, so free cash flow margins are often compared against R&D intensity and capital expenditure requirements of industry rivals.
cf_free_cash_flowHistorical Data
| Q2 '21 | Q3 '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 | $885.51M | $1.59B | $2.69B | $1.84B | $897.54M | $666.42M | $283.17M | $1.66B | $1.02B | $864.36M | $922.09M | $1.15B | $1.20B | $149.52M | $1.08B | $848.36M | $1.57B | $1.05B |
| QoQ Change | — | +80.0% | +68.9% | -31.5% | -51.3% | -25.8% | -57.5% | +487.9% | -38.7% | -15.3% | +6.7% | +24.3% | +4.9% | -87.6% | +622.3% | -21.4% | +85.5% | -33.6% |
| YoY Change | — | — | — | +108.3% | -43.7% | — | -89.5% | -9.7% | +13.7% | +29.7% | +225.6% | -31.2% | +17.9% | -82.7% | +17.1% | -26.0% | +30.9% | +599.2% |
Free cash flow at Other Companies
Frequently Asked Questions
- What is Blackstone's free cash flow?
- Blackstone (BX) reported free cash flow of $1.05B in Q4 2025.
- How has Blackstone's free cash flow changed year-over-year?
- Blackstone's free cash flow increased by 599.2% year-over-year, from $149.52M to $1.05B.
- What is the long-term trend for Blackstone's free cash flow?
- Over 3 years (2022 to 2025), Blackstone's free cash flow has grown at a -9.3% compound annual growth rate (CAGR), from $6.10B to $4.55B.
- What does free cash flow mean?
- The cash a company has left over after paying for its operating expenses and capital investments.