Blackstone Inc.

Blackstone Inc.

BXยทNYSE

$110.30

-4.0%
Financial ServicesAsset Management

Blackstone Inc. is an alternative asset management firm specializing in real estate, private equity, hedge fund solutions, credit, secondary funds of funds, public debt and equity and multi-asset class strategies. The firm typically invests in early-stage companies. It also provide capital markets services. The real estate segment specializes in opportunistic, core+ investments as well as debt investment opportunities collateralized by commercial real estate, and stabilized income-oriented commercial real estate across North America, Europe and Asia. The firm's corporate private equity business pursues transactions throughout the world across a variety of transaction types, including large buyouts,special situations, distressed mortgage loans, mid-cap buyouts, buy and build platforms, which involves multiple acquisitions behind a single management team and platform, and growth equity/development projects involving significant majority stakes in portfolio companies and minority investments in operating companies, shipping, real estate, corporate or consumer loans, and alternative energy greenfield development projects in energy and power, property, dislocated markets, shipping opportunities, financial institution breakups, re-insurance, and improving freight mobility, financial services, healthcare, life sciences, enterprise tech and consumer, as well as consumer technologies. The firm considers investment in Asia and Latin America. It has a three year investment period. Its hedge fund business manages a broad range of commingled and customized fund solutions and its credit business focuses on loans, and securities of non-investment grade companies spread across the capital structure including senior debt, subordinated debt, preferred stock and common equity. Blackstone Inc. was founded in 1985 and is headquartered in New York, New York with additional offices across Asia, Europe and North America.

At a Glance

Live Snapshot
Market Cap$132.50B
EPS3.8800
P/E Ratio28.43
Earnings Date07/23/2026
3Y-71.0%
5Y-4.0%
10Y-2200.0%
3Y-2343.0%
5Y-3266.0%
10Y-3892.0%
3Y+69.0%
5Y+185.0%
10Y-1223.0%
BX

Blackstone Inc. Cash Conversion Engine

BX ยท NYSE
Net Income3.02B
Depreciation & Amortization36.02M
Stock-Based Compensation1.95B
Change in Working Capital-1.67B
Others-1.47B
Capital Expenditures-115.70M
Free Cash Flow1.74B

Cash Flow Quality Analysis

FCF Conversion Rate

57.8%

Weak cash conversion. Significant portion of earnings not converting to cashโ€”review working capital trends and capital intensity.

CapEx Intensity

6.2%

Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.

FCF Growth Trend

-49.0%

Significant FCF decline raises concerns. Urgent review needed of operational performance and capital allocation.

Working Capital Impact

-$1.67B

Significant working capital drain. Growth may be consuming cash through inventory buildup or receivables extensionโ€”monitor closely.

Cash Flow Quality Insight

Deteriorating cash generation: Both declining FCF and weak conversion rate signal fundamental challenges. Investigate margin pressure, rising costs, or working capital issues.

Blackstone Inc. Cash Flow Statement

BX โ€ข NYSE

Blackstone Inc. Cash Flow StatementDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009Dec 2008Dec 2007Dec 2006
OPERATING ACTIVITIES
3B
5.4B
2.4B
3B
12.4B
2.3B
3.9B
3.3B
3.4B
2.2B
1.6B
3.7B
2.9B
829.9M
-268.5M
-607.3M
-2.4B
-5.6B
5.7B
2.3B
36M
36M
40.1M
67.1M
74.9M
71.1M
71M
59M
46.8M
82.9M
101.4M
101.9M
95.7M
139.2M
207.6M
162.1M
158M
153.2M
117.6M
0.0
1.9B
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
1.4B
2.4B
3B
3.3B
1.8B
0.0
-1.5B
-453M
2.2B
4.4B
-6.1B
1.2B
-382.3M
-1.2B
-3.2B
-2B
1.9B
-224.2M
-10B
-7.7B
-6.7B
-6.2B
-1.3B
-6.6B
-8.2B
-5.5B
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(43.9M)
(57.7M)
(52M)
(46.9M)
(75.9M)
(0.0)
-1.7B
-1.5B
-617.8M
-1.1B
-2.3B
-1.6B
-1.6B
-2.1B
-1.9B
-456.8M
-1.3B
-1.9B
10.6B
7.3B
6.4B
3.9B
927.1M
10.6B
-166.9M
-1.2B
1.9B
3.5B
4.1B
6.3B
4B
1.9B
2B
45.7M
-1.6B
-88.6M
2.4B
1.7B
3.5B
583.2M
1.1B
-371.9M
411.5M
1.9B
-850.3M
-4.4B
INVESTING ACTIVITIES
-115.7M
-61.4M
-224.2M
-235.5M
-64.3M
-111.7M
-60.3M
-18.4M
-24.3M
-21.8M
-59.2M
-30.3M
-25.6M
-37M
-36.5M
-54.2M
-23.6M
-50.1M
-32.3M
-24.2M
(0.0)
(0.0)
-5.4M
(5.2B)
(7.5B)
-55.2M
(8.7B)
-98.2M
-168.9M
(0.0)
(0.0)
(0.0)
-146.1M
-188.3M
-23.7M
-21.9M
(0.0)
-336.6M
(0.0)
(0.0)
(0.0)
-2.4B
-5B
-5.2B
-7.5B
-7.3B
-8.7B
-13.9B
-18.7B
-8.8B
(0.0)
(0.0)
-15.7B
-11.1B
-9.8B
-6.6B
(0.0)
-30.7B
(0.0)
(0.0)
6.7B
5.2B
7.9B
10.4B
12B
9.2B
10.6B
14.2B
18.7B
8.7B
10.6B
13.6B
15.7B
11.1B
9.8B
6.6B
1.5B
30.7B
32B
0.0
-1.3B
-2.8B
-2.9B
-10.4B
-12B
-2B
-10.6B
-297.7M
0.0
0.0
-10.6B
-13.6B
5.9M
2.3M
330K
-143K
-1.5B
5M
-32B
0.0
(5.3B)
-61.4M
-229.7M
-235.5M
-64.3M
-166.8M
-60.3M
-116.6M
-193.3M
-139.3M
-53.4M
-24.4M
-165.9M
-223M
-59.9M
-76.2M
-18.8M
-381.7M
-55.6M
-24.2M
FINANCING ACTIVITIES
-312.5M
-661.1M
-418M
-466M
-1.3B
-504.9M
-585.3M
-567.2M
-30.2M
-27.6M
-61M
-36.3M
-24.1M
-22.4M
-36.7M
-25.2M
-56.7M
-31.9M
7.5B
0.0
1B
638M
-7.5M
3.2B
2.2B
886.7M
1.1B
2.2B
5.8B
2.9B
1.9B
818.3M
-2B
-280.6M
-709.2M
561.6M
270M
192.1M
-242.3M
134.9M
-6B
-4.4B
-4.3B
-6.5B
-4.6B
-2.4B
-2.4B
-3B
-2.8B
-2B
-3.5B
-2.3B
-1.5B
-614.5M
-702.8M
-599.4M
-260.6M
-319.9M
-78.8M
(0.0)
-312.5M
-661.1M
-418M
-466M
-1.3B
-504.9M
-585.3M
-567.2M
-30.2M
-27.6M
-61M
-36.3M
-24.1M
-22.4M
-36.7M
-25.2M
-56.7M
-31.9M
-16M
(0.0)
-1.1B
-54.3M
-359.9M
-50.5M
-123.8M
-240.3M
-85.6M
74.3M
-189.9M
-283.9M
-267M
516.7M
276.2M
512.1M
575.2M
147.6M
103M
-1.7B
-5.5B
4.1B
-6.4B
-4.5B
-5.1B
-3.8B
-3.8B
-2.2B
-1.9B
-1.3B
2.8B
570.2M
-1.9B
-1B
-3.3B
-405.4M
-873.5M
84.6M
55.7M
-1.9B
1.6B
4.5B
CASH FLOW SUMMARY
-59.6M
-14.6M
5M
-12.3M
-9.8M
15.7M
-3M
9.7M
123.9M
-34.1M
615K
-183K
73K
-5K
-77K
-25K
0.0
0.0
639K
518K
678.5M
-1.1B
-1.2B
2.3B
135.3M
-459.2M
-21.5M
-1.4B
155.2M
-71K
424.9M
580.5M
122.5M
-45.2M
166.1M
-363.5M
448.4M
-364.9M
739.2M
43M
2.2B
3.3B
4.5B
2.2B
2.1B
2.5B
2.5B
3.9B
1.8B
1.8B
1.4B
832M
709.5M
754.7M
588.6M
952.1M
503.7M
868.6M
129.4M
86.4M
2.9B
2.2B
3.3B
4.5B
2.2B
2.1B
2.5B
2.5B
2B
1.8B
1.8B
1.4B
832M
709.5M
754.7M
588.6M
952.1M
503.7M
868.6M
129.4M
1.7B
3.4B
3.8B
6.1B
3.9B
1.8B
1.9B
27.4M
-2.5B
-110.4M
2.3B
1.6B
3.5B
546.1M
1.1B
-426M
387.9M
1.8B
-882.6M
-4.4B

SEC Filings

BX - Filing history and reports

Filing TypeFiling DatePeriod EndingFiscal YearActions
10-Q

10-Q 2026 Q1

Q1

May 08, 2026
March 31, 2026
2026
8-K

8-K 2026

N/A

April 23, 2026
April 23, 2026
2026
8-K

8-K 2026

N/A

March 24, 2026
March 24, 2026
2026
10-K

10-K 2025 FY

FY

February 27, 2026
December 31, 2025
2025
8-K

8-K 2026

N/A

January 29, 2026
January 29, 2026
2026
10-Q

10-Q 2025 Q3

Q3

November 07, 2025
September 30, 2025
2025
8-K

8-K 2025

N/A

November 03, 2025
October 28, 2025
2025
8-K

8-K 2025

N/A

October 28, 2025
October 28, 2025
2025
8-K

8-K 2025

N/A

October 28, 2025
October 28, 2025
2025
8-K/A

8-K/A 2025 (Amended)

N/A

October 23, 2025
October 23, 2025
2025
Showing 1 to 10 of 276 filings