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Blackstone BX Ratios & Valuation

FY'25FY'24FY'23FY'22
Profitability
Net margin82.1%+1.5pp80.6%+11.2pp69.5%-17.9pp87.3%-17.4pp
Returns
Return on equity142.7%+15.3pp127.5%+60.7pp66.7%-92.5pp159.2%-106pp
Return on invested capital133.7%+24.8pp108.8%+43.9pp64.9%-148pp212.8%-118pp
Efficiency
Asset turnover1.2×+0.1×1.1×+0.4×0.7×-0.9×1.6×-0.8×
Leverage
Debt-to-equity6.4×-0.3×6.7×-0.8×7.5×+2.0×5.4×+2.0×
Net debt / EBITDA5.9×-1.1×-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 / earnings169.3×-23.2×192.5×-83.4×275.9×+188×88.4×+28.0×
Price / sales34.7×-4.0×38.8×-6.5×45.3×+26.3×19×+3.2×
Price / book56.3×-4.3×60.5×+16.1×44.4×+12.3×32.2×-1.7×
EV / EBITDA72.3×-13.7×85.9×-61.9×147.9×+107×41.2×+14.1×
Dividend yield18.7%+2.6pp16.1%-9.9pp26%-11.8pp37.8%+17.8pp

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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.