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BRK.B vs. BX: Berkshire Hathaway vs. Blackstone Stock Comparison

How do Berkshire Hathaway (BRK.B) 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

Berkshire Hathaway (BRK.B) and Blackstone (BX) both fall under the Financial Services industry group, but BRK.B is classified in Financial Services while BX is classified in Capital Markets.

Company profile comparison for Berkshire Hathaway (BRK.B) and Blackstone (BX)
Profile ItemBRK.BBX
NameBerkshire Hathaway Inc. Class BBlackstone Inc.
Country/RegionUnited StatesUnited States
GICS SectorFinancialsFinancials
GICS Industry GroupFinancial ServicesFinancial Services
GICS IndustryFinancial ServicesCapital Markets
GICS Sub-IndustryMulti-Sector HoldingsAsset Management & Custody Banks
Market Capitalization1,222.11 billion USD148.61 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateMay 9, 1996June 22, 2007
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

BRK.B
BX
GSPC
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Berkshire Hathaway (BRK.B) 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 Berkshire Hathaway (BRK.B) and Blackstone (BX). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Berkshire Hathaway (BRK.B) and Blackstone (BX). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Berkshire Hathaway (BRK.B) and Blackstone (BX)
MetricBRK.BBX
Total Return (1Y)14.06%-11.29%
Total Return (3Y, Annualized)17.80%12.22%
Total Return (5Y, Annualized)14.73%0.26%

Risk Profile

Drawdown History

BRK.B
BX
GSPC
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Berkshire Hathaway (BRK.B) 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 Berkshire Hathaway (BRK.B) and Blackstone (BX). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Blackstone (BX) has an aggressive beta of 1.50, indicating higher sensitivity to broad-market moves, while Berkshire Hathaway (BRK.B) is defensive at 0.56 and tends to be less market-sensitive — they sit on opposite ends of the beta spectrum.

Risk profile metrics for Berkshire Hathaway (BRK.B) and Blackstone (BX)
MetricBRK.BBX
Volatility (1Y, Annualized)15.13%38.63%
Beta (5Y)0.561.50
Max Drawdown (5Y)-26.58%-49.29%
Avg. Volume (3M)4.56M4.75M

Risk-Adjusted Performance

Risk-Return Positioning

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BRK.B 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 Berkshire Hathaway (BRK.B) and Blackstone (BX)
MetricBRK.BBX
Sharpe Ratio (1Y)0.65-0.40
Sortino Ratio (1Y)0.97-0.57

Profitability

ROE (TTM)

Blackstone (BX) at 32.38% sits in the top ROE quartile, while Berkshire Hathaway (BRK.B) at 12.12% is closer to the peer norm — stronger capital efficiency for BX.

BRK.B

Financial Services industry group

12.12%

Max
44.78%
Q3
21.85%
Median
12.91%
BRK.B
12.12%
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%
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Berkshire Hathaway (BRK.B) vs. Blackstone (BX): A comparison of their ROE against the Financial Services industry group benchmark.

Net Margin (TTM)

Both Berkshire Hathaway (BRK.B) at 22.30% 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.

BRK.B

Financial Services industry group

22.30%

Max
62.84%
Q3
28.05%
BRK.B
22.30%
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%
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Berkshire Hathaway (BRK.B) vs. Blackstone (BX): A comparison of their net margin against the Financial Services industry group benchmark.

Operating Margin (TTM)

Both Berkshire Hathaway (BRK.B) at 32.56% and Blackstone (BX) at 48.86% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

BRK.B

Financial Services industry group

32.56%

Max
107.33%
Q3
55.90%
BRK.B
32.56%
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%
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Berkshire Hathaway (BRK.B) vs. Blackstone (BX): A comparison of their operating margin against the Financial Services industry group benchmark.

Profitability Metrics

Profitability metrics for Berkshire Hathaway (BRK.B) and Blackstone (BX)
MetricBRK.BBX
ROE (TTM)12.12%32.38%
ROA (TTM)6.01%14.27%
Net Margin (TTM)22.30%22.99%
Operating Margin (TTM)32.56%48.86%
Gross Margin (TTM)----

Growth

Revenue Growth

Blackstone (BX) at 13.54% is around its peer norm for revenue growth, while Berkshire Hathaway (BRK.B) at -3.23% drops into the bottom quartile, signaling weaker demand or pricing momentum.

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Berkshire Hathaway (BRK.B) vs. Blackstone (BX): A comparison of their Revenue Growth across different time periods.

EPS Growth

Blackstone (BX) at 6.91% is around its peer norm for EPS growth, while Berkshire Hathaway (BRK.B) at -24.78% drops into the bottom quartile, signaling weaker earnings momentum.

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Berkshire Hathaway (BRK.B) vs. Blackstone (BX): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Berkshire Hathaway (BRK.B) and Blackstone (BX)
MetricBRK.BBX
Revenue Growth (YoY)-3.23%13.54%
Revenue Growth (3Y CAGR)20.59%20.27%
EPS Growth (YoY)-24.78%6.91%
EPS Growth (3Y CAGR)--17.92%

Financial Strength

Current Ratio (MRQ)

current ratio doesn’t apply on either side: Berkshire Hathaway (BRK.B) 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: Berkshire Hathaway (BRK.B) 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 Berkshire Hathaway (BRK.B) and Blackstone (BX)
MetricBRK.BBX
Current Ratio (MRQ)----
Debt / Equity (MRQ)----
Net Debt / EBITDA----

Dividends

Dividend Yield (TTM)

Berkshire Hathaway (BRK.B) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Blackstone (BX) reports a yield of 4.22%, ranking against industry peers normally.

BRK.B

Financial Services industry group

0.00%

Max
9.77%
Q3
3.92%
Median
1.09%
BRK.B
0.00%
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%
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Berkshire Hathaway (BRK.B) 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; Berkshire Hathaway (BRK.B) pays no dividend (payout 0.00%).

BRK.B

Financial Services industry group

0.00%

Max
241.07%
Q3
97.36%
Median
25.77%
BRK.B
0.00%
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%
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Berkshire Hathaway (BRK.B) vs. Blackstone (BX): A comparison of their payout ratio against the Financial Services industry group benchmark.

Dividend Metrics

Dividend metrics for Berkshire Hathaway (BRK.B) and Blackstone (BX)
MetricBRK.BBX
Dividend Yield (TTM)0.00%4.22%
Dividend Payout Ratio (TTM)0.00%111.19%

Valuation

P/E Ratio (TTM)

Berkshire Hathaway (BRK.B) at 14.36 is near its industry’s usual P/E ratio, while Blackstone (BX) at 26.61 sits in the richer quartile — BX needs stronger growth or earnings quality to justify the premium.

BRK.B

Financial Services industry group

14.36

Max
45.85
Q3
24.64
Median
15.37
BRK.B
14.36
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
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Berkshire Hathaway (BRK.B) vs. Blackstone (BX): A comparison of their P/E ratio against the Financial Services industry group benchmark.

P/S Ratio (TTM)

Berkshire Hathaway (BRK.B) at 3.18 prices around its industry’s typical P/S ratio, while Blackstone (BX) at 9.61 clears its benchmark range — BX looks notably rich on sales.

BRK.B

Financial Services industry group

3.18

Max
9.23
Q3
4.57
BRK.B
3.18
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
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Berkshire Hathaway (BRK.B) vs. Blackstone (BX): A comparison of their P/S ratio against the Financial Services industry group benchmark.

P/B Ratio (MRQ)

Berkshire Hathaway (BRK.B) at 0.00 sits in the lower P/B ratio quartile relative to book while Blackstone (BX) at 10.81 prices above its industry range — a wide valuation gap against assets.

BRK.B

Financial Services industry group

0.00

Max
7.79
Q3
3.63
Median
1.57
Q1
0.81
BRK.B
0.00
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
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Berkshire Hathaway (BRK.B) vs. Blackstone (BX): A comparison of their P/B ratio against the Financial Services industry group benchmark.

Valuation Metrics

Valuation metrics for Berkshire Hathaway (BRK.B) and Blackstone (BX)
MetricBRK.BBX
P/E Ratio (TTM)14.3626.61
P/S Ratio (TTM)3.189.61
P/B Ratio (MRQ)0.0010.81
Free Cash Flow Yield (TTM)----