Where do Blackstone's ratios come from?

Every ratio is computed from Blackstone's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

Blackstone BX Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Profitability
Net margin	20.7%-0.2pp	20.9%+0.3pp	20.6%-0.3pp	20.8%+1.0pp	19.8%-1.2pp
EBITDA margin	52.4%-1.0pp	53.4%+1.0pp	52.4%-0.3pp	52.8%+2.0pp	50.8%-1.6pp
Free cash flow margin	29.9%-1.5pp	31.5%+3.7pp	27.7%+3.9pp	23.9%-4.0pp	27.9%+2.0pp
Returns
Return on equity	37.4%+1.6pp	35.8%+0.6pp	35.2%-2.5pp	37.7%+3.6pp	34.1%-2.9pp
Return on assets	6.5%-0.1pp	6.6%+0.5pp	6.1%-0.6pp	6.7%+0.7pp	6%-0.6pp
Return on invested capital	34.1%+0.1pp	34.1%+0.9pp	33.1%-1.9pp	35%+3.6pp	31.4%-1.8pp
Efficiency
Asset turnover	0.3×0.0×	0.3×0.0×	0.3×0.0×	0.3×0.0×	0.3×0.0×
Leverage
Debt-to-equity	1.7×+0.2×	1.6×0.0×	1.6×0.0×	1.6×-0.2×	1.7×+0.2×
Debt-to-assets	0.3×0.0×	0.3×0.0×	0.3×0.0×	0.3×0.0×	0.3×0.0×
Net debt / EBITDA	1.5×+0.1×	1.4×-0.1×	1.5×0.0×	1.4×-0.2×	1.6×+0.1×
Interest coverage	14.6×-0.5×	15.1×+1.2×	13.9×-1.2×	15×+0.7×	14.3×-1.3×
Per Share
Book value per share	$10.65-4.1%	$11.11+3.6%	$10.72+0.4%	$10.68+3.4%	$10.33-3.6%
Valuation
Market capitalization	$89.31B-25.1%	$119.21B-10.6%	$133.37B+21.1%	$110.16B+2.9%	$107.1B-18.2%
Enterprise value	$100.89B-22.3%	$129.79B-9.6%	$143.6B+19.0%	$120.67B+2.7%	$117.55B-16.9%
Price / earnings	29.2×-10.2×	39.5×-9.8×	49.3×+10.8×	38.5×-3.6×	42.1×-5.0×
Price / sales	6×-2.2×	8.2×-1.9×	10.1×+2.1×	8×-0.3×	8.3×-1.5×
Price / book	10.7×-3.1×	13.8×-2.1×	15.9×+2.7×	13.2×-0.2×	13.4×-2.5×
EV / EBITDA	13×-3.8×	16.8×-4.0×	20.8×+4.2×	16.6×-1.4×	18×-2.4×
EV / sales	6.8×-2.2×	9×-1.9×	10.9×+2.1×	8.8×-0.4×	9.2×-1.5×
Free cash flow yield	5%+1.1pp	3.8%+1.1pp	2.7%-0.2pp	3%-0.4pp	3.3%+0.7pp
Earnings yield	3.4%+0.9pp	2.5%+0.5pp	2%-0.6pp	2.6%+0.2pp	2.4%+0.3pp
Dividend yield	6.8%+1.8pp	5%+0.9pp	4.1%-0.6pp	4.8%0.0pp	4.8%+1.4pp
PEG ratio	1.5×-3.1×	4.5×+2.3×	2.3×+1.4×	0.9×-1.4×	2.3×+1.8×

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Questions, answered.

Where do Blackstone's ratios come from?: Every ratio is computed from Blackstone's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.