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Blue Owl Capital

OWL

Blue Owl Capital is a global alternative asset manager specializing in private capital solutions across credit, real estate, and strategic equity markets.

Market cap
$6.54B-46.4%
Revenue$2.9B+19.3%
Net income$86.9M-5.4%
Free cash flow$1.3B+42.8%
EPS (diluted)$0.12-20.0%
Trailing twelve months · change vs. prior year

Earnings

Next report

Jul 30, 2026 (Tomorrow)
Revenue estimate$693.1M
EPS estimate$0.21

Financials

Q1 2026

Income statement

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Revenue$753.8M+10.3%
Net income$15.5M+109%
EPS (diluted)$0.02

Balance sheet

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Cash & equivalents$190.5M+95.1%
Total debt$4.4B+21.0%
Total equity$2.1B-10.1%
Total assets$12.4B+1.0%

Cash flow

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Operating cash flow$102.8M+485%
CapEx$13.8M+3.6%
Free cash flow$89.0M+1,996%

Valuation & ratios

Valuation

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Market cap$6.54B-46.4%
Enterprise value$10.71B-32.8%
P/E75.2×-89.1×
P/S2.2×-2.5×

Profitability

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Net margin3%-0.8pp
FCF margin43.6%+7.2pp

Returns & leverage

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Return on equity3.9%-0.7pp
Debt / equity2.1×+0.5×

Segments

By product

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Direct lending$337.5M+12.8%
GP minority stakes$150.3M+1.3%
Net lease$65.4M+39.6%
Administrative, transaction and other fees$56.6M+9.7%
Digital infrastructure$34.8M-33.4%

Competitors

Profile

Blue Owl Capital is a global alternative asset manager specializing in private capital solutions across credit, real estate, and strategic equity markets. The firm leverages a significant permanent capital base to provide flexible financing to middle-market companies, large alternative asset managers, and corporate real estate owners. Its value proposition is centered on providing predictable, long-term capital while generating stable management fee-driven earnings for its shareholders.

Competitive position

A leading alternative asset manager distinguished by a high proportion of permanent capital and a dominant position in the GP stakes market.

GeographiesGlobal, United States
Customer segmentsInstitutional Investors, High Net Worth Individuals, Insurance Companies, Pension Funds
Business modelAsset Management Fees, Permanent Capital Vehicle, Direct Lending
SuppliersInstitutional LP capital, Retail wealth management distribution channels, Debt financing for leverage
CustomersMiddle-market borrowers, Alternative asset managers (GPs), Corporate real estate tenants, Professional sports franchises
Listed2021
Employees685.0
CEODouglas Irving Ostrover
FilingsSEC EDGAR

Questions, answered.

What is Blue Owl Capital's market cap?
Blue Owl Capital (OWL) has a market capitalization of $6.5B and trades on NYSE.
What is Blue Owl Capital's revenue and profitability?
Blue Owl Capital generated $2.9B in trailing twelve-month revenue with net income of $86.9M, representing a net margin of 3.0%, with free cash flow of $1.3B. These figures are based on the Q1 2026 filing.
Who are Blue Owl Capital's competitors?
Blue Owl Capital's key competitors include Ares Management, Blackstone, Apollo Global Management, and others. These companies compete in similar markets and product categories.
What subsidiaries does Blue Owl Capital have?
Blue Owl Capital's subsidiaries include Owl Rock, Dyal Capital, Oak Street, and others.
Where is Blue Owl Capital headquartered?
Blue Owl Capital is headquartered in United States of America and employs approximately 685 people. It has been publicly traded since 2021.