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Blackstone BX Debt-to-assets

Debt-to-assets at other companies

Prologis logo
PrologisPLD
0.4×0.0×
Ares Management Corporation logo
Ares Management CorporationARES
0.0×
The Carlyle Group logo
The Carlyle GroupCG
0.0×
Apollo Global Management logo
Apollo Global ManagementAPO
0.0×
Blackrock logo
BlackrockBLK
0.1×0.0×
Blackstone Mortgage Trust logo
Blackstone Mortgage TrustBXMT
0.9×0.0×

Other financials

Income statement

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Revenue$3.6B+10.0%
Net income$649.7M+5.7%
EPS (diluted)$0.83+3.8%

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$152.7B-16.6%
Enterprise value$164.28B-14.2%
P/E50×-22.0×
P/S10.3×-3.9×

Profitability

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Net margin20.7%+0.8pp

Returns & leverage

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Return on equity37.4%+3.3pp
Debt / equity1.7×0.0×

Where this comes from

Calculated from Blackstone’s reported figures.

Based on the most recent quarter.

The official record: Blackstone’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Blackstone's debt-to-assets?
Blackstone (BX) reported debt-to-assets of 0.3× in Q1 2026.
How has Blackstone's debt-to-assets changed year-over-year?
Blackstone's debt-to-assets decreased by 3.3% year-over-year, from 0.3× to 0.3×.
What is the long-term trend for Blackstone's debt-to-assets?
Over 4 years (2021 to 2025), Blackstone's debt-to-assets has grown at a 8.1% compound annual growth rate (CAGR), from 0.8× to 1.2×.
What does debt-to-assets mean?
What fraction of everything the company owns is funded by debt.
How do you interpret debt-to-assets?
A lower ratio indicates a more conservatively financed balance sheet. Rising debt-to-assets over time signals increasing financial risk.
How does debt-to-assets compare across companies?
Comparable within an industry; bounded between 0 and 1 for most non-financials, which makes cross-company reads cleaner than debt-to-equity.