BLK vs. BX: BlackRock vs. Blackstone Stock Comparison

November 11, 2026

How do BlackRock (BLK) and Blackstone (BX) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

BlackRock (BLK) and Blackstone (BX) are both classified in the Asset Management & Custody Banks sub-industry within the broader Capital Markets industry, placing them in the closest GICS peer bucket.

Company profile comparison for BlackRock (BLK) and Blackstone (BX)
Profile Item	BLK	BX
Name	BlackRock, Inc.	Blackstone Inc.
Country/Region	United States	United States
GICS Sector	Financials	Financials
GICS Industry Group	Financial Services	Financial Services
GICS Industry	Capital Markets	Capital Markets
GICS Sub-Industry	Asset Management & Custody Banks	Asset Management & Custody Banks
Market Capitalization	182.05 billion USD	148.61 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	October 1, 1999	June 22, 2007
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

BLK

GSPC

BlackRock (BLK) vs. Blackstone (BX), with S&P 500 (GSPC) for reference: 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 BlackRock (BLK) and Blackstone (BX). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for BlackRock (BLK) and Blackstone (BX). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for BlackRock (BLK) and Blackstone (BX)
Metric	BLK	BX
Total Return (1Y)	15.55%	-11.29%
Total Return (3Y, Annualized)	26.16%	12.22%
Total Return (5Y, Annualized)	7.41%	0.26%

Risk Profile

Drawdown History

BLK

GSPC

BlackRock (BLK) vs. Blackstone (BX), with S&P 500 (GSPC) for reference: 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 BlackRock (BLK) and Blackstone (BX). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for BlackRock (BLK) and Blackstone (BX)
Metric	BLK	BX
Volatility (1Y, Annualized)	28.45%	38.63%
Beta (5Y)	1.34	1.50
Max Drawdown (5Y)	-43.90%	-49.29%
Avg. Volume (3M)	600.75K	4.75M

Risk-Adjusted Performance

Risk-Return Positioning

BLK and BX are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for BlackRock (BLK) and Blackstone (BX)
Metric	BLK	BX
Sharpe Ratio (1Y)	0.40	-0.40
Sortino Ratio (1Y)	0.58	-0.57

Profitability

ROE (TTM)

Blackstone (BX) at 32.38% sits in the top ROE quartile, while BlackRock (BLK) at 11.61% is closer to the peer norm — stronger capital efficiency for BX.

BLK

Financial Services industry group

11.61%

Max: 44.78%
Q3: 21.85%
Median: 12.91%
BLK: 11.61%
Q1: 4.48%
Min: -18.71%

BX

Financial Services industry group

32.38%

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

BlackRock (BLK) vs. Blackstone (BX): A comparison of their ROE against the Financial Services industry group benchmark.

Net Margin (TTM)

Both BlackRock (BLK) at 24.22% and Blackstone (BX) at 22.99% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

BLK

Financial Services industry group

24.22%

Max: 62.84%
Q3: 28.05%
BLK: 24.22%
Median: 15.36%
Q1: 4.82%
Min: -28.52%

BX

Financial Services industry group

22.99%

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

BlackRock (BLK) vs. Blackstone (BX): A comparison of their net margin against the Financial Services industry group benchmark.

Operating Margin (TTM)

Both BlackRock (BLK) at 37.90% and Blackstone (BX) at 48.86% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

BLK

Financial Services industry group

37.90%

Max: 107.33%
Q3: 55.90%
BLK: 37.90%
Median: 30.09%
Q1: 14.60%
Min: -44.34%

BX

Financial Services industry group

48.86%

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

BlackRock (BLK) vs. Blackstone (BX): A comparison of their operating margin against the Financial Services industry group benchmark.

Profitability Metrics

Profitability metrics for BlackRock (BLK) and Blackstone (BX)
Metric	BLK	BX
ROE (TTM)	11.61%	32.38%
ROA (TTM)	3.85%	14.27%
Net Margin (TTM)	24.22%	22.99%
Operating Margin (TTM)	37.90%	48.86%
Gross Margin (TTM)	--	--

Growth

Revenue Growth

Both BlackRock (BLK) at 18.67% and Blackstone (BX) at 13.54% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

BlackRock (BLK) vs. Blackstone (BX): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both BlackRock (BLK) at -15.95% and Blackstone (BX) at 6.91% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

BlackRock (BLK) vs. Blackstone (BX): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for BlackRock (BLK) and Blackstone (BX)
Metric	BLK	BX
Revenue Growth (YoY)	18.67%	13.54%
Revenue Growth (3Y CAGR)	10.65%	20.27%
EPS Growth (YoY)	-15.95%	6.91%
EPS Growth (3Y CAGR)	1.30%	17.92%

Financial Strength

Current Ratio (MRQ)

current ratio doesn’t apply on either side: BlackRock (BLK) in Financial Services and Blackstone (BX) in Financial Services both report balance sheets without a current/non-current split, so their short-term liquidity is better judged through regulatory and funding measures.

Debt / Equity (MRQ)

debt-to-equity ratio is set aside for both: BlackRock (BLK) in Financial Services and Blackstone (BX) in Financial Services run businesses where balance-sheet leverage is part of the model, so capital-adequacy and funding measures are the better gauges of balance-sheet risk.

Financial Strength Metrics

Financial strength metrics for BlackRock (BLK) and Blackstone (BX)
Metric	BLK	BX
Current Ratio (MRQ)	--	--
Debt / Equity (MRQ)	--	--
Net Debt / EBITDA	--	--

Dividends

Dividend Yield (TTM)

Blackstone (BX) at 4.22% delivers top-quartile income for its industry, while BlackRock (BLK) at 1.91% pays a more typical yield — both are credible income propositions, BX the richer one.

BLK

Financial Services industry group

1.91%

Max: 9.77%
Q3: 3.92%
BLK: 1.91%
Median: 1.09%
Q1: 0.00%
Min: 0.00%

BX

Financial Services industry group

4.22%

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

BlackRock (BLK) vs. Blackstone (BX): A comparison of their dividend yield against the Financial Services industry group benchmark.

Dividend Payout Ratio (TTM)

Blackstone (BX) reports payout ratio above 100% at 111.19%, meaning dividends exceeded current-period earnings and sustainability needs extra context. Meanwhile BlackRock (BLK) reports 51.00%, ranking against industry peers normally.

BLK

Financial Services industry group

51.00%

Max: 241.07%
Q3: 97.36%
BLK: 51.00%
Median: 25.77%
Q1: 0.00%
Min: 0.00%

BX

Financial Services industry group

111.19%

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

BlackRock (BLK) vs. Blackstone (BX): A comparison of their payout ratio against the Financial Services industry group benchmark.

Dividend Metrics

Dividend metrics for BlackRock (BLK) and Blackstone (BX)
Metric	BLK	BX
Dividend Yield (TTM)	1.91%	4.22%
Dividend Payout Ratio (TTM)	51.00%	111.19%

Valuation

P/E Ratio (TTM)

Both BlackRock (BLK) at 26.84 and Blackstone (BX) at 26.61 sit in the richer earnings-multiple quartile for P/E ratio, so investors are paying more for TTM earnings than they pay for typical peers.

BLK

Financial Services industry group

26.84

Max: 45.85
BLK: 26.84
Q3: 24.64
Median: 15.37
Q1: 9.68
Min: 0.16

BX

Financial Services industry group

26.61

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

BlackRock (BLK) vs. Blackstone (BX): A comparison of their P/E ratio against the Financial Services industry group benchmark.

P/S Ratio (TTM)

Both look expensive on sales: BlackRock (BLK) at 6.38 sits in the upper P/S ratio quartile, and Blackstone (BX) at 9.61 prices even higher, above its industry range.

BLK

Financial Services industry group

6.38

Max: 9.23
BLK: 6.38
Q3: 4.57
Median: 2.72
Q1: 1.28
Min: -0.55

BX

Financial Services industry group

9.61

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

BlackRock (BLK) vs. Blackstone (BX): A comparison of their P/S ratio against the Financial Services industry group benchmark.

P/B Ratio (MRQ)

BlackRock (BLK) at 3.14 sits near its industry’s typical P/B ratio, while Blackstone (BX) at 10.81 prices above its benchmark range — BX looks rich relative to book.

BLK

Financial Services industry group

3.14

Max: 7.79
Q3: 3.63
BLK: 3.14
Median: 1.57
Q1: 0.81
Min: -0.39

BX

Financial Services industry group

10.81

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

BlackRock (BLK) vs. Blackstone (BX): A comparison of their P/B ratio against the Financial Services industry group benchmark.

Valuation Metrics

Valuation metrics for BlackRock (BLK) and Blackstone (BX)
Metric	BLK	BX
P/E Ratio (TTM)	26.84	26.61
P/S Ratio (TTM)	6.38	9.61
P/B Ratio (MRQ)	3.14	10.81
Free Cash Flow Yield (TTM)	--	--