BX vs. NLY: Blackstone vs. Annaly Capital Management Stock Comparison

Company Profile

Blackstone (BX) and Annaly Capital Management (NLY) both fall under the Financial Services industry group, but BX is classified in Capital Markets while NLY is classified in Mortgage Real Estate Investment Trusts (REITs).

Blackstone (BX) is an ordinary operating company, while Annaly Capital Management (NLY) is a REIT — read its payout ratio and P/E alongside FFO (funds from operations) rather than comparing them directly to BX’s multiples.

Price Performance

Cumulative Growth

Trailing Returns

Calendar-Year Returns

Performance Metrics

Risk Profile

Drawdown History

Return Distribution

Risk Metrics

Risk-Adjusted Performance

Risk-Return Positioning

Risk-Adjusted Metrics

Profitability

Blackstone (BX) at 32.38% sits in the top ROE quartile, while Annaly Capital Management (NLY) at 7.35% is closer to the peer norm — stronger capital efficiency for BX.

Annaly Capital Management (NLY) at 80.27% converts revenue to bottom-line profit above its industry’s benchmark range, while Blackstone (BX) at 22.99% keeps roughly the typical share for its industry.

Annaly Capital Management (NLY) at 107.33% operates in the top operating margin quartile, ahead of Blackstone (BX) at 48.86%, which runs around its industry’s norm.

Profitability Metrics

Growth

Annaly Capital Management (NLY) at 87.29% clears its industry range for revenue growth, far stronger top-line momentum than Blackstone (BX) at 13.54%, which is closer to a typical peer reading.

Annaly Capital Management (NLY) at 80.25% sits in the top EPS growth quartile, while Blackstone (BX) at 6.91% is closer to the peer norm — faster per-share earnings growth for NLY.

Growth Metrics

Financial Strength

current ratio doesn’t apply on either side: Blackstone (BX) in Financial Services and Annaly Capital Management (NLY) 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-to-equity ratio is set aside for both: Blackstone (BX) in Financial Services and Annaly Capital Management (NLY) 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

Dividends

Blackstone (BX) at 4.22% earns its spot in the top quartile of its industry’s yields; Annaly Capital Management (NLY) at 15.38% is past the top of its own peer range — territory where a dividend-safety check matters more than the headline number.

Both Blackstone (BX) at 111.19% and Annaly Capital Management (NLY) at 201.39% report payout ratio above 100%, meaning dividends exceeded current-period earnings on both sides.

Dividend Metrics

Valuation

Annaly Capital Management (NLY) at 13.02 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.

Investors are paying well above the peer range per dollar of sales for both Blackstone (BX) at 9.61 and Annaly Capital Management (NLY) at 10.62 — each P/S ratio clears its industry’s benchmark range.

Annaly Capital Management (NLY) at 1.05 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.

Valuation Metrics