FirmAtlas
Company handbook · BX · Prepared by FirmAtlas · firmatlas.app · printed 2026-10-17
BX · CIK 1393818 · LATEST FILING: 10-Q JUN '26 · FILED AUG 7, 2026
Blackstone Inc.
$106.61
−2.59 (−2.37%)
Close, Oct 16, 2026 · 52-week $102–165
Last fiscal year
Blackstone Inc. reported revenue of $14.5B for the year ended Dec 31, 2025 (FY25), up 9.2% from FY24. Net income was $3.0B, operating cash flow $4.7B and free cash flow $4.5B. Source: 10-K filed Feb 27, 2026.
Market cap
$79.8B
P/E
22.7
P/B
8.8
Div yield
4.91%
Revenue 1Y
9.2%/yr
EPS 1Y
6.9%/yr
Shares 1Y
+2%
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Median
Daily closes, split-adjusted · ratios at each fiscal year end
Company
HQNew York, NY
AuditorDeloitte & Touche LLP
Employees5,285
Year endsDecember
Compounded growth & averages
10Y
5Y
3Y
TTM
Share price
16.2%
−2.8%
0.7%
−32.5%
Upgrade to see 10 years
Share price: yearly compound rate of the traded close; the last column is the past year.
Where the cash went · FY24–FY25
$10.6B deployed
Capex
$177M
1.7%
Dividends
$10.4B
98.3%
Operating cash flow over the period: $8.1B. Total debt changed by +$1.1B.
Growth engines
How much of the profit growth came from new investment, and how much from running the business better.
Upgrade to see 10 years
Financials
Last 2 years · Upgrade to see 10 years · USD millions · each year opens its 10-K · change vs previous year
Last 4 quarters · USD millions · quarter-end month shown · change vs same quarter a year earlier
Per-share figures are split-adjusted (2-for-1 split after FY17).
TTM = the last four quarters, to Jun '26. Balance-sheet rows show that latest quarter. “—” where the quarters do not add up to the annual figures. No TTM for cash: our quarterly rows do not hold short-term investments yet, and annual cash includes them.
Income
Balance sheet
Total assets
43,470
47,709+9.8%
49,892
Cash & short-term investments
2,176
2,855+31.2%
—
Net PP&E
506
521+2.9%
—
Other assets
40,787
44,333+8.7%
—
Total liabilities
35,258
39,043+10.7%
40,878
Total debt
11,460
12,577+9.7%
13,319
Other liabilities
23,797
26,467+11.2%
—
Shareholders’ equity
8,212
8,666+5.5%
9,015
Total liabilities = total assets − shareholders’ equity, so it includes minority interest where a company has one.
Cash flow statement · as filed
Cash from operations
3,482
4,663+33.9%
5,598
Net income
5,438
6,047+11.2%
—
Depreciation & amortization
99
98−0.8%
—
Stock-based compensation
1,168
1,445+23.7%
—
Working capital & other
(3,223)
(2,927)n/m
—
Cash from investing
(61)
(116)n/m
—
Capex
(61)
(116)n/m
—
Acquisitions
0
0n/m
—
Other investing
0
0n/m
—
Cash from financing
(4,502)
(3,879)n/m
—
Debt raised
741
2,814+279.6%
—
Debt repaid
(103)
(1,813)n/m
—
Dividends
(4,424)
(6,013)n/m
—
Other financing
(715)
1,134n/m
—
Net change in cash
(1,096)
678n/m
—
Free cash flow (OCF − capex)
3,420
4,547+33.0%
5,486
Where the cash went
Operating cash flow
3,482
4,663+33.9%
5,598
Reinvested in the business
61
116+88.4%
—
% of operating cash flow
1.8%
2.5%
Capex
61
116+88.4%
112
Acquisitions
0
0n/m
—
Free cash flow
3,420
4,547+33.0%
5,486
YoY
+33.0%
Returned to shareholders
4,424
6,013+35.9%
—
% of free cash flow
129.4%
132.2%
Dividends
4,424
6,013+35.9%
—
Change in total debt
—
1,116
—
Cash left over
—
(350)
—
FCF conversion (FCF ÷ net income)
123.2%
150.6%+27.4 pp
—
Income
Sep '25
Dec '25
Mar '26
Jun '26
Revenue
3,089
4,360
3,618
5,044
vs year-ago quarter
Net income
625
1,015
650
1,229
vs year-ago quarter
Net margin
20.2%
23.3%
18.0%
24.4%
EPS (diluted, $)
0.80
1.36
0.83
1.54
vs year-ago quarter
Balance sheet
Sep '25
Dec '25
Mar '26
Jun '26
Total assets
46,554
47,709
48,327
49,892
Cash & equivalents
2,832
2,855
2,710
2,773
Total debt
12,126
12,577
13,409
13,319
Shareholders’ equity
8,393
8,666
8,371
9,015
Cash flow
Sep '25
Dec '25
Mar '26
Jun '26
Operating cash flow
1,598
1,068
991
1,941
Capex
24
22
33
32
Free cash flow
1,574
1,045
958
1,909
vs year-ago quarter