Blackstone BX Ratios & Valuation
| TTM Q1 '26 | TTM Q4 '25 | TTM Q3 '25 | TTM Q2 '25 | TTM Q1 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Net margin | 82.9%+0.8pp | 82.1%-0.1pp | 82.2%+1.1pp | 81.1%+1.5pp | 79.6%-1.0pp | |
| EBITDA margin | 211%+1.5pp | 209.4%+0.9pp | 208.5%+4.1pp | 204.4%+5.9pp | 198.5%+1.9pp | |
| Free cash flow margin | 113%+2.1pp | 110.9%+5.6pp | 105.3%-8.4pp | 113.8%-14.5pp | 128.2%-15.4pp | |
| Returns | ||||||
| Return on equity | 146%+3.3pp | 142.7%-1.2pp | 143.9%+3.7pp | 140.2%+9.3pp | 130.9%+3.4pp | |
| Return on assets | 25.9%+0.5pp | 25.4%0.0pp | 25.4%+0.8pp | 24.6%+1.8pp | 22.8%+0.7pp | |
| Return on invested capital | 136.3%+2.7pp | 133.7%+0.8pp | 132.9%+6.1pp | 126.8%+11.5pp | 115.3%+6.5pp | |
| Efficiency | ||||||
| Asset turnover | 1.2×0.0× | 1.2×0.0× | 1.2×0.0× | 1.2×+0.1× | 1.1×0.0× | |
| Leverage | ||||||
| Debt-to-equity | 6.4×0.0× | 6.4×0.0× | 6.4×-0.2× | 6.6×-0.2× | 6.8×0.0× | |
| Debt-to-assets | 1.1×0.0× | 1.2×0.0× | 1.2×0.0× | 1.2×0.0× | 1.2×0.0× | |
| Net debt / EBITDA | 5.8×-0.1× | 5.9×-0.2× | 6.1×-0.2× | 6.3×-0.5× | 6.8×-0.2× | |
| Interest coverage | 58.6×+0.3× | 58.3×-0.4× | 58.7×+1.3× | 57.4×+4.0× | 53.4×+2.8× | |
| Per Share | ||||||
| Book value per share | $43.15+0.7% | $42.83+0.9% | $42.44+3.9% | $40.84+4.6% | $39.05+3.1% | |
| Valuation | ||||||
| Market capitalization | $452.05B-3.8% | $469.84B-2.4% | $481.53B+3.5% | $465.43B+3.8% | $448.31B+1.8% | |
| Enterprise value | $494.94B-3.3% | $511.6B-2.2% | $523.28B+3.3% | $506.43B+3.7% | $488.17B+2.0% | |
| Price / earnings | 156.4×-12.9× | 169.3×-7.7× | 177×-3.5× | 180.4×-8.2× | 188.6×-3.9× | |
| Price / sales | 32.4×-2.3× | 34.7×-1.6× | 36.4×-0.1× | 36.5×-1.0× | 37.5×-1.2× | |
| Price / book | 53.5×-2.8× | 56.3×-2.2× | 58.4×-0.8× | 59.3×-0.4× | 59.7×-0.8× | |
| EV / EBITDA | 67.3×-5.0× | 72.3×-3.6× | 75.8×-2.1× | 78×-4.6× | 82.5×-3.4× | |
| EV / sales | 35.5×-2.3× | 37.8×-1.7× | 39.5×-0.2× | 39.7×-1.2× | 40.9×-1.3× | |
| Free cash flow yield | 14.5%+1.6pp | 12.9%+1.2pp | 11.7%-0.8pp | 12.5%-1.3pp | 13.7%-1.2pp | |
| Earnings yield | 10.6%+1.0pp | 9.5%+0.4pp | 9.1%+0.1pp | 9%+0.5pp | 8.5%+0.2pp | |
| Dividend yield | 20.7%+2.0pp | 18.7%+1.7pp | 17%+0.4pp | 16.6%+0.1pp | 16.5%+0.4pp | |
| PEG ratio | 9.1×-0.9× | 10×+4.0× | 5.9×+0.1× | 5.9×+0.1× | 5.8×+2.1× |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →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.
