Blackstone (BX) Stock Analysis

November 11, 2026

This is a peer-relative look at Blackstone (BX): its performance, risk, profitability, growth, financial strength, dividend, and valuation are each measured against its Financial Services peers, so every number reads in context rather than in isolation.

Company Profile

Company profile fields for Blackstone (BX)
Profile Item	BX
Name	Blackstone Inc.
Country/Region	United States
GICS Sector	Financials
GICS Industry Group	Financial Services
GICS Industry	Capital Markets
GICS Sub-Industry	Asset Management & Custody Banks
Market Capitalization	148.61 billion USD
Currency	USD
Exchange	NYSE
Listing Date	June 22, 2007
Security Type	Common Stock

Price Performance

Cumulative Growth

GSPC

Blackstone (BX) vs. S&P 500 (GSPC): Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Blackstone (BX) and S&P 500 (GSPC). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Blackstone (BX) and S&P 500 (GSPC). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Blackstone (BX) metric values compared with Financial Services industry-group medians
Metric	Current stock: BX	Industry group median
Total Return (1Y)	-11.29%	1.90%
Total Return (3Y, Annualized)	12.22%	12.71%
Total Return (5Y, Annualized)	0.26%	2.81%

Risk Profile

Drawdown History

GSPC

Blackstone (BX) vs. S&P 500 (GSPC): Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Blackstone (BX) and S&P 500 (GSPC). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Blackstone (BX) metric values compared with Financial Services industry-group medians
Metric	Current stock: BX	Industry group median
Volatility (1Y, Annualized)	38.63%	36.24%
Beta (5Y)	1.50	1.04
Max Drawdown (5Y)	-49.29%	-48.56%

Risk-Adjusted Performance

Risk-Return Positioning

Each dot is a stock plotted by 1-year volatility (risk) and 1-year return. BX is highlighted; the dashed line is the Capital Allocation Line from the risk-free rate through the industry median — dots above it are stronger on a risk-adjusted basis.

Risk-Adjusted Metrics

Blackstone (BX) metric values compared with Financial Services industry-group medians
Metric	Current stock: BX	Industry group median
Sharpe Ratio (1Y)	-0.40	-0.09
Sortino Ratio (1Y)	-0.57	-0.13

Profitability

ROE (TTM)

Blackstone (BX) posts ROE of 32.38%, in the upper peer quartile. That suggests the company earns more from each dollar of shareholders’ equity than most industry peers, a useful capital-efficiency signal.

BX

Financial Services industry group

32.38%

Group distribution

Max: 44.78%
BX: 32.38%
Q3: 21.85%
Median: 12.91%
Q1: 4.48%
Min: -18.71%

Largest peers

MA: 231.37%
V: 63.51%
BX: 32.38%
MS: 18.04%
GS: 17.71%
BRK.A: 12.12%
BRK.B: 12.12%

Where Blackstone (BX) stands on ROE within its Financial Services peer group — the box is the group’s distribution and the dots its largest members.

Net Margin (TTM)

Blackstone (BX) keeps 22.99% of revenue as net profit, roughly in line with the peer group’s normal net margin range. Its full cost stack is taking a typical share of sales for the industry.

BX

Financial Services industry group

22.99%

Group distribution

Max: 62.84%
Q3: 28.05%
BX: 22.99%
Median: 15.36%
Q1: 4.82%
Min: -28.52%

Largest peers

V: 51.20%
MA: 46.73%
GS: 31.21%
MS: 25.63%
BX: 22.99%
BRK.A: 22.30%
BRK.B: 22.30%

Where Blackstone (BX) stands on net margin within its Financial Services peer group — the box is the group’s distribution and the dots its largest members.

Operating Margin (TTM)

Blackstone (BX) turns 48.86% of revenue into operating profit, roughly in line with the peer group’s normal operating margin range. Its core cost structure looks typical for the industry.

BX

Financial Services industry group

48.86%

Group distribution

Max: 107.33%
Q3: 55.90%
BX: 48.86%
Median: 30.09%
Q1: 14.60%
Min: -44.34%

Largest peers

V: 63.73%
MA: 60.53%
BX: 48.86%
MS: 39.00%
GS: 38.37%
BRK.A: 32.56%
BRK.B: 32.56%

Where Blackstone (BX) stands on operating margin within its Financial Services peer group — the box is the group’s distribution and the dots its largest members.

Profitability Metrics

Blackstone (BX) metric values compared with Financial Services industry-group medians
Metric	Current stock: BX	Industry group median
ROE (TTM)	32.38%	12.91%
ROA (TTM)	14.27%	3.60%
Net Margin (TTM)	22.99%	15.36%
Operating Margin (TTM)	48.86%	30.09%
Gross Margin (TTM)	--	--

Growth

Revenue Growth

Blackstone (BX) grew revenue 13.54%, roughly around the peer group's normal range. Top-line momentum looks broadly typical for the industry.

Blackstone (BX): Revenue Growth across different time periods, set against Financial Services industry-group medians.

EPS Growth

Blackstone (BX) grew earnings per share 6.91%, roughly around the peer group's normal range. Bottom-line momentum looks broadly typical for the industry.

Blackstone (BX): EPS Growth across different time periods, set against Financial Services industry-group medians.

Growth Metrics

Blackstone (BX) metric values compared with Financial Services industry-group medians
Metric	Current stock: BX	Industry group median
Revenue Growth (YoY)	13.54%	9.46%
Revenue Growth (3Y CAGR)	20.27%	10.90%
EPS Growth (YoY)	6.91%	7.46%
EPS Growth (3Y CAGR)	17.92%	13.04%

Financial Strength

Current Ratio (MRQ)

current ratio is set aside for Blackstone (BX) in Financial Services: these balance sheets are not best read through a current/non-current split, so regulatory, funding, or liquidity-coverage measures usually matter more.

Debt / Equity (MRQ)

debt-to-equity ratio is set aside for Blackstone (BX) in Financial Services: leverage is part of the business model itself, so capital adequacy, funding mix, and regulatory measures are usually better risk gauges.

Financial Strength Metrics

Blackstone (BX) metric values compared with Financial Services industry-group medians
Metric	Current stock: BX	Industry group median
Current Ratio (MRQ)	--	--
Debt / Equity (MRQ)	--	--
Net Debt / EBITDA	--	--

Dividends

Dividend Yield (TTM)

Blackstone (BX) has dividend yield of 4.22%, in the upper peer-yield quartile while still inside the industry range. The dividend offers more cash income per dollar of share price than most peers, though payout coverage still matters.

BX

Financial Services industry group

4.22%

Group distribution

Max: 9.77%
BX: 4.22%
Q3: 3.92%
Median: 1.09%
Q1: 0.00%
Min: 0.00%

Largest peers

BX: 4.22%
MS: 2.40%
GS: 2.07%
V: 0.66%
MA: 0.53%
BRK.A: 0.00%
BRK.B: 0.00%

Where Blackstone (BX) stands on dividend yield within its Financial Services peer group — the box is the group’s distribution and the dots its largest members.

Dividend Payout Ratio (TTM)

Blackstone (BX) has payout ratio of 111.19%, meaning dividends exceeded current-period earnings. The gap would need to be covered by cash, retained earnings, financing, or other sources, so earnings alone do not support the payout.

BX

Financial Services industry group

111.19%

Group distribution

Max: 241.07%
BX: 111.19%
Q3: 97.36%
Median: 25.77%
Q1: 0.00%
Min: 0.00%

Largest peers

BX: 111.19%
MS: 32.91%
GS: 25.88%
V: 21.75%
MA: 17.63%
BRK.A: 0.00%
BRK.B: 0.00%

Where Blackstone (BX) stands on payout ratio within its Financial Services peer group — the box is the group’s distribution and the dots its largest members.

Dividend Metrics

Blackstone (BX) metric values compared with Financial Services industry-group medians
Metric	Current stock: BX	Industry group median
Dividend Yield (TTM)	4.22%	1.09%
Dividend Payout Ratio (TTM)	111.19%	25.77%

Valuation

P/E Ratio (TTM)

Blackstone (BX) trades at P/E ratio of 26.61, in the richer earnings-multiple quartile for its industry. That premium needs support from growth, durable earnings, or stronger business quality.

BX

Financial Services industry group

26.61

Group distribution

Max: 45.85
BX: 26.61
Q3: 24.64
Median: 15.37
Q1: 9.68
Min: 0.16

Largest peers

V: 34.31
MA: 34.15
BX: 26.61
MS: 14.39
BRK.A: 14.36
BRK.B: 14.36
GS: 12.45

Where Blackstone (BX) stands on P/E ratio within its Financial Services peer group — the box is the group’s distribution and the dots its largest members.

P/S Ratio (TTM)

Blackstone (BX) trades at 9.61 on P/S ratio, above the industry benchmark range. The stock is being valued at an unusually rich price per dollar of trailing revenue.

BX

Financial Services industry group

9.61

Group distribution

BX: 9.61
Max: 9.23
Q3: 4.57
Median: 2.72
Q1: 1.28
Min: -0.55

Largest peers

V: 17.18
MA: 15.67
BX: 9.61
MS: 3.55
GS: 3.52
BRK.A: 3.18
BRK.B: 3.18

Where Blackstone (BX) stands on P/S ratio within its Financial Services peer group — the box is the group’s distribution and the dots its largest members.

P/B Ratio (MRQ)

Blackstone (BX) trades at 10.81 on P/B ratio, above the industry benchmark range. Investors are putting an unusually rich price on each dollar of book equity relative to peers.

BX

Financial Services industry group

10.81

Group distribution

BX: 10.81
Max: 7.79
Q3: 3.63
Median: 1.57
Q1: 0.81
Min: -0.39

Largest peers

MA: 84.30
V: 22.05
BX: 10.81
MS: 2.65
GS: 2.36
BRK.A: 1.72
BRK.B: 0.00

Where Blackstone (BX) stands on P/B ratio within its Financial Services peer group — the box is the group’s distribution and the dots its largest members.

Valuation Metrics

Blackstone (BX) metric values compared with Financial Services industry-group medians
Metric	Current stock: BX	Industry group median
P/E Ratio (TTM)	26.61	15.37
P/S Ratio (TTM)	9.61	2.72
P/B Ratio (MRQ)	10.81	1.57
Free Cash Flow Yield (TTM)	--	--