Blackstone BX Ratios & Valuation
| TTM Q1 '26 | TTM Q4 '25 | TTM Q3 '25 | TTM Q2 '25 | TTM Q1 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Net margin | 82.9%+3.3pp | 82.1%+1.5pp | 82.2%+5.2pp | 81.1%+2.3pp | 79.6%+2.2pp | |
| EBITDA margin | 211%+12.5pp | 209.4%+12.9pp | 208.5%+21.6pp | 204.4%+20.0pp | 198.5%+20.3pp | |
| Free cash flow margin | 113%-15.3pp | 110.9%-32.7pp | 105.3%-60.3pp | 113.8%-58.7pp | 128.2%-56.3pp | |
| Returns | ||||||
| Return on equity | 146%+15.1pp | 142.7%+15.3pp | 143.9%+34.2pp | 140.2%+37.5pp | 130.9%+40.9pp | |
| Return on assets | 25.9%+3.1pp | 25.4%+3.3pp | 25.4%+6.5pp | 24.6%+6.6pp | 22.8%+6.7pp | |
| Return on invested capital | 136.3%+21.0pp | 133.7%+24.8pp | 132.9%+40.5pp | 126.8%+37.4pp | 115.3%+32.1pp | |
| Efficiency | ||||||
| Asset turnover | 1.2×+0.1× | 1.2×+0.1× | 1.2×+0.3× | 1.2×+0.3× | 1.1×+0.3× | |
| Leverage | ||||||
| Debt-to-equity | 6.4×-0.4× | 6.4×-0.3× | 6.4×-0.6× | 6.6×-0.6× | 6.8×-0.5× | |
| Debt-to-assets | 1.1×0.0× | 1.2×0.0× | 1.2×0.0× | 1.2×-0.1× | 1.2×-0.1× | |
| Net debt / EBITDA | 5.8×-1.0× | 5.9×-1.1× | 6.1×-2.1× | 6.3×-2.8× | 6.8×-3.9× | |
| Interest coverage | 58.6×+5.2× | 58.3×+7.7× | 58.7×+15.8× | 57.4×+18.0× | 53.4×+18.0× | |
| Per Share | ||||||
| Book value per share | $43.15+10.5% | $42.83+13.1% | $42.44+17.3% | $40.84+12.0% | $39.05+5.2% | |
| Valuation | ||||||
| Market capitalization | $452.05B+0.8% | $469.84B+6.7% | $481.53B+18.2% | $465.43B+25.5% | $448.31B+29.3% | |
| Enterprise value | $494.94B+1.4% | $511.6B+6.9% | $523.28B+17.6% | $506.43B+23.8% | $488.17B+26.7% | |
| Price / earnings | 156.4×-32.1× | 169.3×-23.2× | 177×-38.9× | 180.4×-27.7× | 188.6×-28.1× | |
| Price / sales | 32.4×-5.1× | 34.7×-4.0× | 36.4×-4.7× | 36.5×-3.9× | 37.5×-3.7× | |
| Price / book | 53.5×-6.2× | 56.3×-4.3× | 58.4×-0.5× | 59.3×+5.7× | 59.7×+10.2× | |
| EV / EBITDA | 67.3×-15.3× | 72.3×-13.7× | 75.8×-21.1× | 78×-19.5× | 82.5×-21.5× | |
| EV / sales | 35.5×-5.4× | 37.8×-4.4× | 39.5×-5.4× | 39.7×-4.9× | 40.9×-5.1× | |
| Free cash flow yield | 14.5%+0.8pp | 12.9%-2.0pp | 11.7%-4.5pp | 12.5%-4.7pp | 13.7%-4.3pp | |
| Earnings yield | 10.6%+2.0pp | 9.5%+1.2pp | 9.1%+1.5pp | 9%+1.0pp | 8.5%+0.9pp | |
| Dividend yield | 20.7%+4.2pp | 18.7%+2.6pp | 17%-0.1pp | 16.6%-2.2pp | 16.5%-5.0pp | |
| PEG ratio | 9.1×+3.3× | 10×+6.3× | 5.9×— | 5.9×— | 5.8×— |
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.
