Seek Returns

BX vs. CG: Blackstone vs. Carlyle Stock Comparison

How do Blackstone (BX) and Carlyle (CG) 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

Blackstone (BX) and Carlyle (CG) 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 Blackstone (BX) and Carlyle (CG)
Profile ItemBXCG
NameBlackstone Inc.The Carlyle Group Inc.
Country/RegionUnited StatesUnited States
GICS SectorFinancialsFinancials
GICS Industry GroupFinancial ServicesFinancial Services
GICS IndustryCapital MarketsCapital Markets
GICS Sub-IndustryAsset Management & Custody BanksAsset Management & Custody Banks
Market Capitalization148.61 billion USD14.04 billion USD
CurrencyUSDUSD
ExchangeNYSENasdaq
Listing DateJune 22, 2007May 3, 2012
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

BX
CG
GSPC
Loading price history…
Blackstone (BX) vs. Carlyle (CG), 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

Loading price history…
Trailing total returns for Blackstone (BX) and Carlyle (CG). Returns over one year are annualized.

Calendar-Year Returns

Loading price history…
Calendar-year total returns for Blackstone (BX) and Carlyle (CG). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Blackstone (BX) and Carlyle (CG)
MetricBXCG
Total Return (1Y)-11.29%-17.79%
Total Return (3Y, Annualized)12.22%15.29%
Total Return (5Y, Annualized)0.26%-3.77%

Risk Profile

Drawdown History

BX
CG
GSPC
Loading price history…
Blackstone (BX) vs. Carlyle (CG), 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

Loading price history…
Distribution of monthly total returns for Blackstone (BX) and Carlyle (CG). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Blackstone (BX) and Carlyle (CG)
MetricBXCG
Volatility (1Y, Annualized)38.63%37.89%
Beta (5Y)1.501.82
Max Drawdown (5Y)-49.29%-56.75%
Avg. Volume (3M)4.75M3.48M

Risk-Adjusted Performance

Risk-Return Positioning

Loading chart…
BX and CG 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 Blackstone (BX) and Carlyle (CG)
MetricBXCG
Sharpe Ratio (1Y)-0.40-0.58
Sortino Ratio (1Y)-0.57-0.81

Profitability

ROE (TTM)

Blackstone (BX) at 32.38% sits in the top ROE quartile, while Carlyle (CG) at 5.23% is closer to the peer norm — stronger capital efficiency for BX.

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%

CG

Financial Services industry group

5.23%

Max
44.78%
Q3
21.85%
Median
12.91%
CG
5.23%
Q1
4.48%
Min
-18.71%
Loading chart…
Blackstone (BX) vs. Carlyle (CG): A comparison of their ROE against the Financial Services industry group benchmark.

Net Margin (TTM)

Both Blackstone (BX) at 22.99% and Carlyle (CG) at 12.81% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

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%

CG

Financial Services industry group

12.81%

Max
62.84%
Q3
28.05%
Median
15.36%
CG
12.81%
Q1
4.82%
Min
-28.52%
Loading chart…
Blackstone (BX) vs. Carlyle (CG): A comparison of their net margin against the Financial Services industry group benchmark.

Operating Margin (TTM)

Carlyle (CG) reports a negative operating margin of -52.93%, usually indicating that operating costs exceeded revenue at the operating-income line. Meanwhile Blackstone (BX) reports 48.86%, ranking against industry peers normally.

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%

CG

Financial Services industry group

-52.93%

Max
107.33%
Q3
55.90%
Median
30.09%
Q1
14.60%
Min
-44.34%
CG
-52.93%
Loading chart…
Blackstone (BX) vs. Carlyle (CG): A comparison of their operating margin against the Financial Services industry group benchmark.

Profitability Metrics

Profitability metrics for Blackstone (BX) and Carlyle (CG)
MetricBXCG
ROE (TTM)32.38%5.23%
ROA (TTM)14.27%1.27%
Net Margin (TTM)22.99%12.81%
Operating Margin (TTM)48.86%-52.93%
Gross Margin (TTM)----

Growth

Revenue Growth

Blackstone (BX) at 13.54% is around its peer norm for revenue growth, while Carlyle (CG) at -5.56% drops into the bottom quartile, signaling weaker demand or pricing momentum.

Loading chart…
Blackstone (BX) vs. Carlyle (CG): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both Blackstone (BX) at 6.91% and Carlyle (CG) at -21.30% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

Loading chart…
Blackstone (BX) vs. Carlyle (CG): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Blackstone (BX) and Carlyle (CG)
MetricBXCG
Revenue Growth (YoY)13.54%-5.56%
Revenue Growth (3Y CAGR)20.27%-1.43%
EPS Growth (YoY)6.91%-21.30%
EPS Growth (3Y CAGR)17.92%-13.34%

Financial Strength

Current Ratio (MRQ)

current ratio doesn’t apply on either side: Blackstone (BX) in Financial Services and Carlyle (CG) 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: Blackstone (BX) in Financial Services and Carlyle (CG) 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 Blackstone (BX) and Carlyle (CG)
MetricBXCG
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 Carlyle (CG) at 3.50% pays a more typical yield — both are credible income propositions, BX the richer one.

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%

CG

Financial Services industry group

3.50%

Max
9.77%
Q3
3.92%
CG
3.50%
Median
1.09%
Q1
0.00%
Min
0.00%
Loading chart…
Blackstone (BX) vs. Carlyle (CG): A comparison of their dividend yield against the Financial Services industry group benchmark.

Dividend Payout Ratio (TTM)

Both Blackstone (BX) at 111.19% and Carlyle (CG) at 147.37% report payout ratio above 100%, meaning dividends exceeded current-period earnings on both sides.

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%

CG

Financial Services industry group

147.37%

Max
241.07%
CG
147.37%
Q3
97.36%
Median
25.77%
Q1
0.00%
Min
0.00%
Loading chart…
Blackstone (BX) vs. Carlyle (CG): A comparison of their payout ratio against the Financial Services industry group benchmark.

Dividend Metrics

Dividend metrics for Blackstone (BX) and Carlyle (CG)
MetricBXCG
Dividend Yield (TTM)4.22%3.50%
Dividend Payout Ratio (TTM)111.19%147.37%

Valuation

P/E Ratio (TTM)

Both Blackstone (BX) at 26.61 and Carlyle (CG) at 40.93 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.

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

CG

Financial Services industry group

40.93

Max
45.85
CG
40.93
Q3
24.64
Median
15.37
Q1
9.68
Min
0.16
Loading chart…
Blackstone (BX) vs. Carlyle (CG): A comparison of their P/E ratio against the Financial Services industry group benchmark.

P/S Ratio (TTM)

Both look expensive on sales: Carlyle (CG) at 5.06 sits in the upper P/S ratio quartile, and Blackstone (BX) at 9.61 prices even higher, above its industry range.

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

CG

Financial Services industry group

5.06

Max
9.23
CG
5.06
Q3
4.57
Median
2.72
Q1
1.28
Min
-0.55
Loading chart…
Blackstone (BX) vs. Carlyle (CG): A comparison of their P/S ratio against the Financial Services industry group benchmark.

P/B Ratio (MRQ)

Carlyle (CG) at 2.81 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.

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

CG

Financial Services industry group

2.81

Max
7.79
Q3
3.63
CG
2.81
Median
1.57
Q1
0.81
Min
-0.39
Loading chart…
Blackstone (BX) vs. Carlyle (CG): A comparison of their P/B ratio against the Financial Services industry group benchmark.

Valuation Metrics

Valuation metrics for Blackstone (BX) and Carlyle (CG)
MetricBXCG
P/E Ratio (TTM)26.6140.93
P/S Ratio (TTM)9.615.06
P/B Ratio (MRQ)10.812.81
Free Cash Flow Yield (TTM)----