📊 BX Key Takeaways
Is Blackstone Inc. (BX) a Good Investment?
Blackstone demonstrates exceptional operational efficiency with 40.2% operating margins and strong free cash flow generation ($957.6M), but the severe 50.1% decline in net income despite 9.2% revenue growth raises significant concerns about earnings quality and sustainability. The large gap between operating profit and net income suggests material headwinds from leverage, taxes, or non-operating items that require clarification.
Blackstone shows elite underlying profitability, with a 49.6% operating margin, 34.8% ROE, and free cash flow of $4.55B, indicating a highly scalable fee-based platform. Revenue growth of 9.2% and strong cash generation support fundamental quality, but the 50.1% drop in net income highlights earnings volatility that is typical for alternative asset managers and tempers conviction somewhat.
Blackstone Inc. Key Strengths (BX)
- Exceptional operating margin of 40.2% demonstrates highly efficient core business model
- Robust free cash flow generation of $957.6M (26.5% FCF margin) provides operational flexibility
- Revenue growth of 9.2% YoY shows business expansion in key markets
- Very high operating profitability and returns on equity signal a strong franchise with scalable economics
- Free cash flow generation is robust, with $4.55B of FCF and a 31.5% FCF margin
- Interest coverage of 14.1x suggests debt is currently manageable despite meaningful leverage
BX Stock Risks: Blackstone Inc. Investment Risks
- Severe 50.1% decline in net income despite revenue growth indicates troubling earnings deterioration
- Debt-to-equity ratio of 1.60x combined with earnings decline elevates financial stress
- Modest ROE of 7.8% and ROA of 1.3% reveal capital efficiency challenges and limited profitability conversion
- Net income fell 50.1% year over year, showing that bottom-line results can be volatile
- Debt-to-equity of 1.45x and $12.58B of long-term debt add balance-sheet risk if operating conditions weaken
- Cash of $2.63B is modest relative to total liabilities of $25.83B, limiting balance-sheet flexibility
Key Metrics to Watch
- Net income trajectory and drivers behind operating-to-net income margin compression
- Assets Under Management (AUM) growth and fee income stability
- Effective tax rate and interest expense levels to assess sustainability of earnings
- Net income and margin stability versus revenue growth
- Free cash flow conversion and leverage trends
Blackstone Inc. (BX) Financial Metrics & Key Ratios
💡 AI Analyst Insight
The 26.5% free cash flow margin provides substantial flexibility for dividends, buybacks, and strategic investments. The current ratio below 1.0x warrants monitoring of short-term liquidity.
BX Profit Margin, ROE & Profitability Analysis
BX vs Market Sector: How Blackstone Inc. Compares
How Blackstone Inc. compares to Market sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is Blackstone Inc. Stock Overvalued? BX Valuation Analysis 2026
Based on fundamental analysis, Blackstone Inc. has mixed fundamental signals relative to the Market sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
Blackstone Inc. Balance Sheet: BX Debt, Cash & Liquidity
BX Revenue & Earnings Growth: 5-Year Financial Trend
5-Year Trend Summary: Blackstone Inc.'s revenue has declined by 36% over the 5-year period, indicating business contraction. The most recent EPS of $1.84 reflects profitable operations.
BX Revenue Growth, EPS Growth & YoY Performance
BX Quarterly Earnings & Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q1 2026 | $3.3B | $614.9M | $0.80 |
| Q3 2025 | $3.1B | $624.9M | $0.80 |
| Q2 2025 | $2.8B | $444.4M | $0.58 |
| Q1 2025 | $3.3B | $614.9M | $0.80 |
| Q3 2024 | $2.5B | $552.0M | $0.73 |
| Q1 2024 | $1.4B | $85.8M | $0.11 |
| Q3 2023 | $1.1B | $2.3M | $0.00 |
| Q2 2023 | $629.2M | -$29.4M | $-0.04 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
Blackstone Inc. Dividends, Buybacks & Capital Allocation
BX SEC Filings: Latest 10-K & 10-Q Analysis
Access official SEC EDGAR filings for Blackstone Inc. (CIK: 0001393818)
📋 Recent SEC Filings
❓ Frequently Asked Questions about BX
What is the AI rating for BX?
Blackstone Inc. (BX) has a Combined AI Grade of A from Claude (B) and ChatGPT (A) with 76% combined confidence, based on fundamental analysis of SEC EDGAR filings.
What are BX's key strengths?
Claude: Exceptional operating margin of 40.2% demonstrates highly efficient core business model. Robust free cash flow generation of $957.6M (26.5% FCF margin) provides operational flexibility. ChatGPT: Very high operating profitability and returns on equity signal a strong franchise with scalable economics. Free cash flow generation is robust, with $4.55B of FCF and a 31.5% FCF margin.
What are the risks of investing in BX?
Claude: Severe 50.1% decline in net income despite revenue growth indicates troubling earnings deterioration. Debt-to-equity ratio of 1.60x combined with earnings decline elevates financial stress. ChatGPT: Net income fell 50.1% year over year, showing that bottom-line results can be volatile. Debt-to-equity of 1.45x and $12.58B of long-term debt add balance-sheet risk if operating conditions weaken.
What is BX's revenue and growth?
Blackstone Inc. reported revenue of $3.6B.
Does BX pay dividends?
Blackstone Inc. pays dividends, with $1,917.9M distributed to shareholders in the trailing twelve months.
Where can I find BX SEC filings?
Official SEC filings for Blackstone Inc. (CIK: 0001393818) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is BX's EPS?
Blackstone Inc. has a diluted EPS of $0.83.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined grade reflects both perspectives for balanced insights.
What is BX's fundamental grade?
Based on our AI fundamental analysis in June 2026, Blackstone Inc. has a A grade with 76% confidence. The AI analysis suggests favorable fundamentals based on SEC filings. This is not investment advice.
Is BX stock overvalued or undervalued?
Valuation metrics for BX: ROE of 7.8% (sector avg: 15%), net margin of 18.0% (sector avg: 12%). Compare these metrics with sector averages to assess valuation.
What is BX's AI grade for 2026?
Our dual AI analysis gives Blackstone Inc. a combined A grade for 2026. Revenue is data pending, with profitability above sector average. Always conduct your own research.
What is BX's free cash flow?
Blackstone Inc.'s operating cash flow is $991.0M, with capital expenditures of $33.4M. FCF margin is 26.5%.
How does BX compare to other Market stocks?
Vs Default sector averages: Net margin 18.0% (avg: 12%), ROE 7.8% (avg: 15%), current ratio N/A (avg: 1.8).
Is Blackstone Inc. carrying too much debt?
BX has a debt-to-equity ratio of 1.60x, which is above the Market sector average of 0.7x. Combined with a current ratio below 1, this warrants careful monitoring of the balance sheet.