Blackstone BX Ratios & Valuation
| FY'25 | FY'24 | FY'23 | FY'22 | ||
|---|---|---|---|---|---|
| Profitability | |||||
| Net margin | 82.1%+1.5pp | 80.6%+11.2pp | 69.5%-17.9pp | 87.3%-17.4pp | |
| Returns | |||||
| Return on equity | 142.7%+15.3pp | 127.5%+60.7pp | 66.7%-92.5pp | 159.2%-106pp | |
| Return on invested capital | 133.7%+24.8pp | 108.8%+43.9pp | 64.9%-148pp | 212.8%-118pp | |
| Efficiency | |||||
| Asset turnover | 1.2×+0.1× | 1.1×+0.4× | 0.7×-0.9× | 1.6×-0.8× | |
| Leverage | |||||
| Debt-to-equity | 6.4×-0.3× | 6.7×-0.8× | 7.5×+2.0× | 5.4×+2.0× | |
| Net debt / EBITDA | 5.9×-1.1× | 7×-10.9× | 17.9×+13.4× | 4.5×+3.0× | |
| Per Share | |||||
| Book value per share | $42.83+13.1% | $37.87+1.1% | $37.45-18.4% | $45.89-5.0% | |
| Valuation | |||||
| Market capitalization | $469.84B+6.7% | $440.17B+40.8% | $312.61B+15.1% | $271.53B-8.5% | |
| Price / earnings | 169.3×-23.2× | 192.5×-83.4× | 275.9×+188× | 88.4×+28.0× | |
| Price / sales | 34.7×-4.0× | 38.8×-6.5× | 45.3×+26.3× | 19×+3.2× | |
| Price / book | 56.3×-4.3× | 60.5×+16.1× | 44.4×+12.3× | 32.2×-1.7× | |
| EV / EBITDA | 72.3×-13.7× | 85.9×-61.9× | 147.9×+107× | 41.2×+14.1× | |
| Dividend yield | 18.7%+2.6pp | 16.1%-9.9pp | 26%-11.8pp | 37.8%+17.8pp |
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.
