What is Blue Owl Capital's net debt?

Blue Owl Capital (OWL) reported net debt of $4.17B in Q1 2026.

How has Blue Owl Capital's net debt changed year-over-year?

Blue Owl Capital's net debt increased by 19.0% year-over-year, from $3.5B to $4.17B.

What is the long-term trend for Blue Owl Capital's net debt?

Over 5 years (2020 to 2025), Blue Owl Capital's net debt has grown at a 58.2% compound annual growth rate (CAGR), from $369.86M to $3.67B.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

Blue Owl Capital OWL Net debt

Discontinued — last reported Q1 '26

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Armstrong World IndustriesAWI

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LAD

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0.4×0.0×

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1.5×+0.9×

Other financials

Income statement

See full

Revenue$753.8M+10.3%

Net income$15.5M+109%

EPS (diluted)$0.02—

Balance sheet

See full

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

See full

Operating cash flow$102.8M+485%

CapEx$13.8M+3.6%

Free cash flow$89.0M+1,996%

Valuation

See full

Market cap$6.44B-50.4%

Enterprise value$10.61B-35.0%

P/E74.1×-67.1×

P/S2.2×-3.1×

Profitability

See full

Net margin3%-0.8pp

FCF margin43.6%+7.2pp

Returns & leverage

See full

Return on equity3.9%-0.7pp

Debt / equity2.1×+0.5×

Current ratio11.8×—

Where this comes from

Calculated from Blue Owl Capital’s reported figures.

$4.4Btotal debt−$190.5Mcash and equivalents=$4.17B

The official record: Blue Owl Capital’s 10-Q, filed May 1, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Blue Owl Capital's net debt?: Blue Owl Capital (OWL) reported net debt of $4.17B in Q1 2026.
How has Blue Owl Capital's net debt changed year-over-year?: Blue Owl Capital's net debt increased by 19.0% year-over-year, from $3.5B to $4.17B.
What is the long-term trend for Blue Owl Capital's net debt?: Over 5 years (2020 to 2025), Blue Owl Capital's net debt has grown at a 58.2% compound annual growth rate (CAGR), from $369.86M to $3.67B.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.