Blackstone (BX) Financials

$139.43 +3.31 (+2.43%)

Closing price 05/27/2025 03:59 PM Eastern

Extended Trading

$139.10 -0.34 (-0.24%)

As of 04:13 AM Eastern

Annual Income Statements for Blackstone

This table shows Blackstone's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	2,777	1,391	1,748	5,857	1,045	2,050	1,542	1,471	-1,212	367
Consolidated Net Income / (Loss)	5,438	2,444	2,989	12,375	2,262	3,866	3,264	3,375	2,249	1,624
Net Income / (Loss) Continuing Operations	5,438	2,444	2,989	12,375	2,262	3,866	3,264	3,375	-1.61	1,281
Total Pre-Tax Income	6,459	2,958	3,462	13,559	2,618	3,818	3,513	4,118	2,382	1,815
Total Operating Income	6,411	3,042	3,545	13,101	2,789	3,573	3,485	3,393	-2,563	2,394
Total Gross Profit	13,230	8,023	8,518	22,577	5,413	6,135	6,833	7,145	-620	5,561
Total Revenue	13,230	8,023	8,518	22,577	5,413	6,135	6,833	7,145	1,583	7,852
Operating Revenue	13,230	8,023	8,518	22,577	5,413	6,135	6,833	7,145	1,583	7,852
Total Cost of Revenue	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	2,203	2,291
Total Operating Expenses	6,819	4,981	4,973	9,477	2,625	2,562	3,348	3,752	1,943	3,168
Selling, General & Admin Expense	6,356	4,430	4,625	9,268	712	679	1,626	3,422	542	576
Other Operating Expenses / (Income)	463	551	348	209	1,913	1,882	1,722	330	1,402	2,592
Total Other Income / (Expense), net	49	-84	-83	459	-171	245	28	725	2,694	-922
Other Income / (Expense), net	49	-84	-83	459	-4.84	444	192	725	370	518
Income Tax Expense	1,022	513	473	1,184	356	-48	249	743	132	190
Net Income / (Loss) Attributable to Noncontrolling Interest	2,661	1,053	1,241	6,518	1,216	1,816	1,722	1,904	1,210	915
Basic Earnings per Share	$3.62	$1.84	$2.36	$8.14	$1.50	$3.03	$2.27	$2.21	$1.60	$1.12
Weighted Average Basic Shares Outstanding	766.49M	755.20M	740.66M	719.77M	696.93M	675.90M	678.85M	665.45M	649.48M	634.34M
Diluted Earnings per Share	$3.62	$1.84	$2.36	$8.13	$1.50	$3.03	$2.26	$2.21	$1.56	$1.04
Weighted Average Diluted Shares Outstanding	766.65M	755.42M	740.94M	720.13M	697.26M	676.17M	1.21B	666.25M	1.20B	1.19B
Weighted Average Basic & Diluted Shares Outstanding	729.42M	714.64M	706.37M	700.39M	683.84M	673.61M	658.59M	659.09M	587.61M	565.22M
Cash Dividends to Common per Share	$3.45	$3.32	$4.94	$3.57	$1.91	$1.92	$2.42	$2.32	$1.66	$2.90

This table shows Blackstone's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q3 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	9/30/2024	6/30/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	615	781	444	152	552	601	86	558	2.30
Consolidated Net Income / (Loss)	1,209	1,565	948	109	921	1,204	211	743	3.70
Net Income / (Loss) Continuing Operations	1,209	1,565	948	109	921	1,204	211	743	3.70
Total Pre-Tax Income	1,453	1,810	1,209	155	1,117	1,427	258	602	98
Total Operating Income	1,395	1,767	1,164	343	1,166	1,339	193	567	97
Total Gross Profit	3,289	3,663	2,796	1,285	2,541	2,815	1,382	2,894	1,058
Total Revenue	3,289	3,663	2,796	1,285	2,541	2,815	1,382	2,894	1,058
Operating Revenue	3,289	3,663	2,796	1,285	2,541	2,815	1,382	2,894	1,058
Total Cost of Revenue	0.00	0.00	0.00	-	0.00	0.00	0.00	-	0.00
Total Operating Expenses	1,894	1,896	1,633	942	1,375	1,475	1,189	2,327	961
Selling, General & Admin Expense	1,764	1,781	1,518	833	1,225	1,336	1,037	2,839	875
Other Operating Expenses / (Income)	130	115	115	109	150	140	153	-512	86
Total Other Income / (Expense), net	58	43	45	-188	-49	88	66	35	1.18
Other Income / (Expense), net	58	43	45	-188	-49	88	66	-31	1.18
Income Tax Expense	244	245	260	46	197	223	48	-141	94
Net Income / (Loss) Attributable to Noncontrolling Interest	594	784	504	-43	369	602	125	185	1.40
Basic Earnings per Share	$0.80	$1.02	$0.58	$0.20	$0.73	$0.79	$0.12	$0.74	$0.00
Weighted Average Basic Shares Outstanding	771.80M	768.23M	769.19M	755.20M	757.96M	758.48M	746.06M	740.66M	742.35M
Diluted Earnings per Share	$0.80	$1.02	$0.58	$0.21	$0.73	$0.79	$0.11	$0.74	$0.00
Weighted Average Diluted Shares Outstanding	772.43M	768.28M	769.23M	755.42M	758.05M	758.55M	746.64M	740.94M	742.50M
Weighted Average Basic & Diluted Shares Outstanding	729.65M	722.00M	720.08M	714.64M	710.54M	709.75M	706.08M	706.37M	701.78M
Cash Dividends to Common per Share	$1.44	$0.82	$0.94	$0.80	$0.79	$0.82	$0.91	$0.90	$1.27

This table details how cash moves in and out of Blackstone's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	-1,081	-1,222	2,294	135	-459	-22	-2,596	1,076	460	425
Net Cash From Operating Activities	3,482	4,057	6,336	3,986	1,936	1,963	46	-1,626	-89	2,397
Net Cash From Continuing Operating Activities	3,482	4,057	6,304	3,986	1,936	1,963	-1,159	-1,626	-89	2,397
Net Income / (Loss) Continuing Operations	5,438	2,444	2,989	12,375	2,262	3,866	3,264	3,375	2,249	1,624
Consolidated Net Income / (Loss)	5,438	2,444	2,989	12,375	2,262	3,866	3,264	3,375	2,249	1,624
Amortization Expense	36	40	67	75	71	71	59	47	83	101
Non-Cash Adjustments To Reconcile Net Income	-913	2,408	5,020	-7,248	481	-974	-3,529	-3,405	-1,858	2,530
Changes in Operating Assets and Liabilities, net	-1,079	-836	-1,771	-1,216	-878	-999	-953	-1,643	-562	-1,858
Net Cash From Investing Activities	-61	-230	-235	-64	-167	-60	-117	-193	-22	-53
Net Cash From Continuing Investing Activities	-61	-230	-235	-64	-167	-60	-117	-193	-22	-53
Purchase of Property, Plant & Equipment	-61	-224	-235	-64	-112	-60	-18	-24	-22	-59
Acquisitions	0.00	-5.42	0.00	0.00	-55	0.00	-98	-169	0.00	0.00
Net Cash From Financing Activities	-4,502	-5,054	-3,794	-3,777	-2,244	-1,921	-1,330	2,771	570	-1,919
Net Cash From Continuing Financing Activities	-4,502	-5,054	-3,794	-3,777	-2,244	-1,921	-1,330	2,771	570	-1,919
Repayment of Debt	-103	-502	-281	0.00	-1.89	-403	-1,009	-1,766	-421	-518
Repurchase of Common Equity	-661	-418	-466	-1,273	-505	-585	-567	-30	-28	-61
Payment of Dividends	-5,298	-5,272	-7,791	-5,950	-3,133	-3,163	-3,809	-3,657	-2,553	-4,174
Issuance of Debt	741	495	3,522	2,223	889	1,550	3,218	7,600	3,321	2,424
Issuance of Common Equity	907	708	1,268	1,275	581	765	837	760	329	480
Other Financing Activities, net	-88	-65	-47	-51	-74	-85	0.00	-136	-79	-70
Cash Interest Paid	407	400	262	194	177	167	170	160	152	126
Cash Income Taxes Paid	647	569	683	701	209	159	193	106	66	116

This table details how cash moves in and out of Blackstone's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	1,224	-343	-600	162	-386	474	-1,472	919	-738
Net Cash From Operating Activities	1,109	161	940	896	1,083	1,726	353	715	983
Net Cash From Continuing Operating Activities	1,109	184	940	896	1,083	1,726	353	683	983
Net Income / (Loss) Continuing Operations	1,209	1,329	1,596	109	921	1,204	211	743	3.70
Consolidated Net Income / (Loss)	1,209	1,329	1,596	109	921	1,204	211	743	3.70
Amortization Expense	8.98	9.02	8.98	9.00	9.01	9.07	13	15	15
Non-Cash Adjustments To Reconcile Net Income	-280	-568	-233	906	-101	630	973	299	688
Changes in Operating Assets and Liabilities, net	172	-586	-432	-128	254	-118	-844	-374	276
Net Cash From Investing Activities	-29	-12	-18	-31	-63	-61	-75	-49	-85
Net Cash From Continuing Investing Activities	-29	-12	-18	-31	-63	-61	-75	-49	-85
Purchase of Property, Plant & Equipment	-29	-12	-18	-31	-63	-61	-70	-49	-85
Net Cash From Financing Activities	139	-490	-1,516	-712	-1,401	-1,190	-1,751	239	-1,624
Net Cash From Continuing Financing Activities	139	-490	-1,516	-712	-1,401	-1,190	-1,751	239	-1,624
Repayment of Debt	-61	-19	-22	-33	-40	-30	-400	-31	-
Repurchase of Common Equity	-100	-60	-136	-44	-175	-91	-108	-4.20	-227
Payment of Dividends	-2,111	-1,312	-1,435	-1,247	-1,385	-1,287	-1,352	-1,490	-1,873
Issuance of Debt	1,025	-	0.00	-	-	-	0.08	1,485	30
Issuance of Common Equity	1,431	160	165	117	200	218	174	278	446
Other Financing Activities, net	-44	-	-88	-	-	-	-65	-	-
Other Net Changes in Cash	4.57	-	-	10	-5.53	-0.94	1.28	14	-
Cash Interest Paid	96	138	76	108	76	118	99	41	97
Cash Income Taxes Paid	65	155	172	109	130	277	54	79	105

This table presents Blackstone's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Total Assets	43,470	40,288	42,524	41,196	26,269	32,586	28,925	34,416	26,403	22,526
Total Current Assets	37,420	33,762	36,415	31,421	2,866	3,148	23,221	2,868	2,610	2,450
Cash & Equivalents	1,972	2,956	4,252	2,120	1,999	2,172	2,208	1,992	1,837	1,837
Short-Term Investments	29,801	26,147	27,553	28,665	-	-	20,377	-	-	-
Accounts Receivable	5,647	4,660	4,610	637	866	975	636	875	773	613
Plant, Property, & Equipment, net	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Noncurrent Assets	6,050	6,525	6,109	9,775	23,404	29,438	5,704	31,548	23,793	20,076
Goodwill	1,890	1,890	1,890	1,890	1,901	1,870	1,870	1,778	1,719	1,719
Intangible Assets	165	201	217	284	348	398	469	410	263	346
Noncurrent Deferred & Refundable Income Taxes	2,004	2,331	2,063	1,582	1,243	1,089	739	726	1,286	1,277
Other Noncurrent Operating Assets	1,991	2,102	1,939	6,019	19,912	26,081	2,626	28,634	20,526	16,734
Total Liabilities & Shareholders' Equity	43,470	40,288	42,524	41,196	26,269	32,586	28,925	34,416	26,403	22,526
Total Liabilities	23,975	22,212	22,843	19,490	11,679	17,482	15,171	20,693	13,888	10,296
Total Current Liabilities	2,792	2,277	1,252	965	768	882	1,019	2,198	1,297	649
Accounts Payable	2,792	2,277	1,252	937	717	806	876	2,044	1,082	649
Total Noncurrent Liabilities	21,183	19,935	21,591	18,525	10,911	16,601	14,152	18,495	12,591	9,647
Long-Term Debt	11,321	11,304	12,350	7,748	5,645	11,081	9,952	14,815	8,866	6,117
Noncurrent Employee Benefit Liabilities	6,088	5,248	6,102	7,905	3,433	3,796	2,942	2,623	2,328	2,030
Other Noncurrent Operating Liabilities	3,774	3,383	3,140	2,872	1,833	1,724	1,258	1,056	1,397	1,500
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	801	1,179	1,715	68	65	88	142	211	185	183
Total Equity & Noncontrolling Interests	18,694	16,896	17,966	21,638	14,525	15,015	13,612	13,512	12,330	12,047
Total Preferred & Common Equity	8,212	6,817	7,656	9,423	6,652	7,010	6,379	6,634	6,461	6,270
Preferred Stock	0.00	0.00	0.00	-	-	-	-	-	-	-
Total Common Equity	8,212	6,817	7,656	9,423	6,652	7,010	6,379	6,634	6,461	6,270
Common Stock	7,445	6,175	5,935	5,795	6,332	6,429	6,416	6,669	6,524	6,322
Retained Earnings	808	661	1,748	3,648	336	610	0.00	-	-	-
Accumulated Other Comprehensive Income / (Loss)	-40	-19	-27	-20	-16	-28	-36	-34	-63	-53
Noncontrolling Interest	10,481	10,079	10,310	12,215	7,873	8,006	7,233	6,878	5,869	5,777

This table presents Blackstone's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Total Assets	45,256	43,470	42,575	40,585	40,288	41,664	41,583	41,086	42,524	40,259
Total Current Assets	38,302	37,420	36,140	33,923	33,762	35,404	35,287	30,742	36,415	30,572
Cash & Equivalents	2,387	1,972	2,353	2,381	2,956	2,972	3,280	2,831	4,252	3,480
Short-Term Investments	30,259	29,801	28,323	26,426	26,147	27,340	27,049	26,986	27,553	26,256
Accounts Receivable	5,655	5,647	5,464	5,116	4,660	5,092	4,958	925	4,610	836
Plant, Property, & Equipment, net	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Noncurrent Assets	6,954	6,050	6,436	6,662	6,525	6,122	6,080	10,345	6,109	9,688
Goodwill	1,890	1,890	1,890	1,890	1,890	1,890	1,890	1,890	1,890	1,890
Intangible Assets	156	165	174	183	201	210	219	230	217	232
Noncurrent Deferred & Refundable Income Taxes	2,158	2,004	2,278	2,290	2,331	2,185	2,177	2,207	2,063	1,768
Other Noncurrent Operating Assets	2,750	1,991	2,093	2,298	2,102	1,837	1,794	6,017	1,939	5,797
Total Liabilities & Shareholders' Equity	45,256	43,470	42,575	40,585	40,288	41,664	41,583	41,086	42,524	40,259
Total Liabilities	25,391	23,975	23,111	21,911	22,212	22,853	22,492	22,373	22,843	20,524
Total Current Liabilities	2,472	2,792	2,203	2,013	2,277	7,572	7,064	1,580	1,252	1,169
Accounts Payable	2,472	2,792	2,203	2,013	2,277	1,589	1,378	1,576	1,252	1,142
Total Noncurrent Liabilities	22,918	21,183	20,908	19,898	19,935	15,281	15,425	20,793	21,591	19,355
Long-Term Debt	12,455	11,321	10,752	10,688	11,304	12,111	12,300	12,311	12,350	9,263
Noncurrent Employee Benefit Liabilities	6,165	6,088	6,398	5,703	5,248	-	-	5,471	6,102	6,733
Other Noncurrent Operating Liabilities	4,299	3,774	3,757	3,506	3,383	3,170	3,125	3,011	3,140	3,360
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	1,382	801	893	889	1,179	1,349	1,626	1,645	1,715	1,344
Total Equity & Noncontrolling Interests	18,483	18,694	18,572	17,785	16,896	17,462	17,464	17,069	17,966	18,391
Total Preferred & Common Equity	7,978	8,212	7,008	6,834	6,817	7,133	7,219	7,091	7,656	7,586
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00	-
Total Common Equity	7,978	8,212	7,008	6,834	6,817	7,133	7,219	7,091	7,656	7,586
Common Stock	7,687	7,445	6,258	6,261	6,175	6,057	6,076	5,957	5,935	5,791
Retained Earnings	320	808	760	608	661	1,114	1,160	1,156	1,748	1,869
Accumulated Other Comprehensive Income / (Loss)	-29	-40	-11	-35	-19	-38	-17	-22	-27	-75
Noncontrolling Interest	10,504	10,481	11,564	10,952	10,079	10,329	10,245	9,978	10,310	10,806

This table displays calculated financial ratios and metrics derived from Blackstone's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	64.90%	-5.81%	-62.27%	317.07%	-11.77%	-10.22%	-4.36%	351.37%	-79.84%	-21.35%
EBITDA Growth	116.67%	-15.05%	-74.12%	377.60%	-30.18%	9.44%	-10.30%	297.30%	-170.06%	-31.40%
EBIT Growth	118.39%	-14.56%	-74.47%	387.10%	-30.71%	9.27%	-10.71%	287.70%	-175.35%	-32.13%
NOPAT Growth	114.69%	-17.87%	-74.40%	396.26%	-33.41%	11.75%	16.45%	214.85%	-213.00%	-35.34%
Net Income Growth	122.47%	-18.22%	-75.85%	447.20%	-41.50%	18.46%	-3.30%	50.05%	38.47%	-56.05%
EPS Growth	96.74%	-22.03%	-70.97%	442.00%	-50.50%	34.07%	2.26%	41.67%	50.00%	-59.69%
Operating Cash Flow Growth	-14.18%	-35.97%	58.96%	105.89%	-1.38%	4,191.69%	102.81%	-1,735.85%	-103.70%	44.84%
Free Cash Flow Firm Growth	169.27%	63.66%	-95.23%	285.13%	142.47%	-167.24%	778.96%	22.61%	-152.06%	322.35%
Invested Capital Growth	-445.66%	22.80%	116.94%	-107.30%	-24.05%	2,041.81%	-95.78%	35.83%	18.38%	-33.55%
Revenue Q/Q Growth	0.00%	-16.70%	-25.19%	8.03%	144.25%	-26.35%	-7.86%	1,499.06%	-74.15%	-14.33%
EBITDA Q/Q Growth	0.00%	-11.41%	-44.65%	9.75%	50.74%	-8.52%	-33.72%	243.11%	-188.83%	-26.23%
EBIT Q/Q Growth	0.00%	-11.39%	-45.09%	9.80%	52.71%	-8.70%	-34.10%	239.18%	-195.99%	-26.87%
NOPAT Q/Q Growth	0.00%	-14.85%	-41.03%	9.15%	40.20%	-12.07%	-19.97%	185.12%	-242.68%	-29.90%
Net Income Q/Q Growth	0.00%	-20.60%	-42.37%	10.01%	58.62%	37.64%	-21.28%	1.01%	20.02%	-34.85%
EPS Q/Q Growth	0.00%	-22.36%	-33.14%	10.46%	38.89%	31.17%	8.65%	260.14%	-9.83%	-64.01%
Operating Cash Flow Q/Q Growth	-17.42%	4.66%	31.81%	-22.00%	-12.63%	-28.84%	102.64%	17.93%	-105.29%	146.91%
Free Cash Flow Firm Q/Q Growth	0.00%	41.35%	-94.87%	402.47%	-64.62%	-633.18%	390.59%	58.52%	-510.61%	18.13%
Invested Capital Q/Q Growth	0.00%	-41.41%	130.55%	-105.69%	803.55%	2.48%	-95.11%	7.35%	9.69%	-5.38%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	-39.17%	70.83%
EBITDA Margin	49.10%	37.37%	41.43%	60.39%	52.74%	66.64%	54.67%	58.29%	-133.36%	38.37%
Operating Margin	48.46%	37.91%	41.62%	58.03%	51.51%	58.24%	51.00%	47.48%	-161.94%	30.48%
EBIT Margin	48.82%	36.87%	40.64%	60.06%	51.42%	65.49%	53.81%	57.64%	-138.60%	37.08%
Profit (Net Income) Margin	41.10%	30.47%	35.09%	54.81%	41.78%	63.01%	47.76%	47.23%	142.09%	20.69%
Tax Burden Percent	84.18%	82.64%	86.34%	91.27%	86.40%	101.26%	92.90%	81.95%	94.44%	89.51%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	94.03%	95.03%	95.54%	100.00%	-108.55%	62.32%
Effective Tax Rate	15.82%	17.36%	13.66%	8.73%	13.60%	-1.26%	7.10%	18.05%	5.56%	10.49%
Return on Invested Capital (ROIC)	0.00%	1,001.10%	0.00%	141.45%	11.41%	28.79%	23.41%	12.07%	-13.43%	10.36%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	1,001.47%	0.00%	137.13%	9.05%	15.49%	50.53%	18.05%	69.17%	1.57%
Return on Net Nonoperating Assets (RNNOA)	0.00%	-988.15%	0.00%	-73.26%	3.83%	-2.00%	0.35%	13.66%	31.61%	0.63%
Return on Equity (ROE)	28.95%	12.95%	14.44%	68.19%	15.23%	26.79%	23.75%	25.73%	18.18%	10.99%
Cash Return on Invested Capital (CROIC)	0.00%	980.63%	667.48%	0.00%	38.75%	-153.36%	207.20%	-18.32%	-30.26%	50.67%
Operating Return on Assets (OROA)	15.42%	7.14%	8.27%	40.20%	9.46%	13.06%	11.61%	13.54%	-8.97%	10.78%
Return on Assets (ROA)	12.98%	5.90%	7.14%	36.69%	7.69%	12.57%	10.30%	11.10%	9.19%	6.01%
Return on Common Equity (ROCE)	11.58%	4.96%	5.96%	30.20%	7.01%	12.43%	11.25%	12.84%	9.35%	4.95%
Return on Equity Simple (ROE_SIMPLE)	66.22%	35.86%	39.04%	131.33%	34.00%	55.15%	51.16%	50.87%	34.81%	25.91%
Net Operating Profit after Tax (NOPAT)	5,397	2,514	3,060	11,956	2,409	3,618	3,238	2,780	-2,421	2,143
NOPAT Margin	40.79%	31.33%	35.93%	52.96%	44.51%	58.98%	47.38%	38.91%	-152.94%	27.29%
Net Nonoperating Expense Percent (NNEP)	0.22%	-0.37%	-0.34%	4.32%	2.35%	13.31%	-27.13%	-5.99%	-82.60%	8.79%
Return On Investment Capital (ROIC_SIMPLE)	17.98%	8.91%	10.10%	40.69%	11.94%	13.86%	13.74%	9.82%	-11.42%	11.80%
Cost of Revenue to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	139.17%	29.17%
SG&A Expenses to Revenue	48.04%	55.22%	54.30%	41.05%	13.15%	11.07%	23.79%	47.90%	34.22%	7.34%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	51.54%	62.09%	58.38%	41.97%	48.49%	41.76%	49.00%	52.52%	122.77%	40.34%
Earnings before Interest and Taxes (EBIT)	6,459	2,958	3,462	13,559	2,784	4,018	3,677	4,118	-2,194	2,912
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	6,495	2,998	3,529	13,634	2,855	4,089	3,736	4,165	-2,111	3,013
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	14.61	13.03	6.35	8.42	5.65	4.38	2.46	2.25	1.65	1.68
Price to Tangible Book Value (P/TBV)	19.49	18.80	8.76	10.94	8.53	6.47	3.89	3.36	2.37	2.51
Price to Revenue (P/Rev)	9.07	11.07	5.71	3.51	6.94	5.00	2.30	2.09	6.72	1.34
Price to Earnings (P/E)	43.21	63.86	27.81	13.54	35.94	14.97	10.18	10.15	0.00	28.76
Dividend Yield	2.02%	2.62%	7.13%	3.56%	3.43%	4.13%	10.21%	9.80%	8.93%	15.12%
Earnings Yield	2.31%	1.57%	3.60%	7.39%	2.78%	6.68%	9.82%	9.85%	0.00%	3.48%
Enterprise Value to Invested Capital (EV/IC)	0.00	297.29	182.68	0.00	2.70	1.99	9.31	1.31	1.21	1.26
Enterprise Value to Revenue (EV/Rev)	8.38	10.26	4.83	3.04	9.08	7.77	1.53	4.88	14.98	2.65
Enterprise Value to EBITDA (EV/EBITDA)	17.06	27.45	11.67	5.03	17.22	11.66	2.79	8.37	0.00	6.90
Enterprise Value to EBIT (EV/EBIT)	17.15	27.82	11.89	5.06	17.66	11.87	2.84	8.46	0.00	7.14
Enterprise Value to NOPAT (EV/NOPAT)	20.53	32.74	13.45	5.73	20.40	13.18	3.22	12.53	0.00	9.70
Enterprise Value to Operating Cash Flow (EV/OCF)	31.83	20.28	6.50	17.20	25.39	24.29	228.26	0.00	0.00	8.67
Enterprise Value to Free Cash Flow (EV/FCFF)	16.71	33.42	27.37	2.17	6.01	0.00	0.36	0.00	0.00	1.98
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.58	0.63	0.63	0.36	0.39	0.73	0.72	1.08	0.71	0.50
Long-Term Debt to Equity	0.58	0.63	0.63	0.36	0.39	0.73	0.72	1.08	0.71	0.50
Financial Leverage	-1.02	-0.99	-1.03	-0.53	0.42	-0.13	0.01	0.76	0.46	0.40
Leverage Ratio	2.23	2.19	2.02	1.86	1.98	2.13	2.31	2.32	1.98	1.83
Compound Leverage Factor	2.23	2.19	2.02	1.86	1.86	2.03	2.20	2.32	-2.15	1.14
Debt to Total Capital	36.74%	38.48%	38.56%	26.31%	27.90%	42.32%	41.98%	51.91%	41.47%	33.34%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	36.74%	38.48%	38.56%	26.31%	27.90%	42.32%	41.98%	51.91%	41.47%	33.34%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	36.61%	38.32%	37.54%	41.70%	39.23%	30.91%	31.11%	24.84%	28.31%	32.49%
Common Equity to Total Capital	26.65%	23.20%	23.90%	31.99%	32.87%	26.77%	26.91%	23.25%	30.22%	34.17%
Debt to EBITDA	1.74	3.77	3.50	0.57	1.98	2.71	2.66	3.56	-4.20	2.03
Net Debt to EBITDA	-3.15	-5.94	-5.51	-1.69	1.28	2.18	-3.38	3.08	-3.33	1.42
Long-Term Debt to EBITDA	1.74	3.77	3.50	0.57	1.98	2.71	2.66	3.56	-4.20	2.03
Debt to NOPAT	2.10	4.50	4.04	0.65	2.34	3.06	3.07	5.33	-3.66	2.86
Net Debt to NOPAT	-3.79	-7.08	-6.36	-1.93	1.51	2.46	-3.90	4.61	-2.90	2.00
Long-Term Debt to NOPAT	2.10	4.50	4.04	0.65	2.34	3.06	3.07	5.33	-3.66	2.86
Altman Z-Score	4.78	3.80	2.80	5.09	2.60	1.76	2.20	1.06	0.30	1.49
Noncontrolling Interest Sharing Ratio	60.00%	61.67%	58.73%	55.71%	53.99%	53.60%	52.64%	50.09%	48.55%	54.91%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	13.40	14.83	29.09	32.56	3.73	3.57	22.80	1.30	2.01	3.78
Quick Ratio	13.40	14.83	29.09	32.56	3.73	3.57	22.80	1.30	2.01	3.78
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	6,630	2,462	1,504	31,522	8,185	-19,272	28,663	-4,222	-5,455	10,478
Operating Cash Flow to CapEx	5,669.63%	1,809.25%	2,690.59%	6,197.51%	1,733.94%	3,256.65%	248.91%	-6,680.06%	-405.90%	4,045.85%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	49.26	-96.53	174.78	0.00	-35.74	6.02
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	11.65	9.83	0.28	0.00	-0.58	1.38
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	10.98	9.53	0.17	0.00	-0.72	1.34
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.32	0.19	0.20	0.67	0.18	0.20	0.22	0.24	0.06	0.29
Accounts Receivable Turnover	2.57	1.73	3.25	30.05	5.88	7.62	9.04	8.67	2.28	13.39
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	2.55	2.49
Days Sales Outstanding (DSO)	142.18	210.86	112.41	12.15	62.08	47.93	40.36	42.09	159.78	27.25
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	143.35	146.85
Cash Conversion Cycle (CCC)	142.18	210.86	112.41	12.15	62.08	47.93	40.36	42.09	16.42	-119.60
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	-957	277	225	-1,331	18,236	24,011	1,121	26,546	19,544	16,510
Invested Capital Turnover	-38.91	31.95	-15.41	2.67	0.26	0.49	0.49	0.31	0.09	0.38
Increase / (Decrease) in Invested Capital	-1,234	51	1,556	-19,566	-5,776	22,890	-25,425	7,002	3,034	-8,335
Enterprise Value (EV)	110,809	82,286	41,175	68,543	49,154	47,687	10,441	34,847	23,719	20,785
Market Capitalization	119,978	88,826	48,606	79,296	37,571	30,685	15,699	14,936	10,636	10,545
Book Value per Share	$11.37	$9.59	$10.91	$13.72	$9.87	$10.63	$9.63	$10.52	$11.30	$11.23
Tangible Book Value per Share	$8.53	$6.65	$7.91	$10.55	$6.53	$7.19	$6.10	$7.05	$7.83	$7.53
Total Capital	30,816	29,379	32,031	29,454	20,235	26,184	23,706	28,539	21,381	18,347
Total Debt	11,321	11,304	12,350	7,748	5,645	11,081	9,952	14,815	8,866	6,117
Total Long-Term Debt	11,321	11,304	12,350	7,748	5,645	11,081	9,952	14,815	8,866	6,117
Net Debt	-20,452	-17,798	-19,456	-23,037	3,645	8,908	-12,633	12,823	7,029	4,279
Capital Expenditures (CapEx)	61	224	235	64	112	60	18	24	22	59
Debt-free, Cash-free Net Working Capital (DFCFNWC)	2,855	2,383	3,358	-328	98	93	-382	-1,323	-524	-36
Debt-free Net Working Capital (DFNWC)	34,628	31,485	35,163	30,456	2,098	2,266	22,203	670	1,313	1,802
Net Working Capital (NWC)	34,628	31,485	35,163	30,456	2,098	2,266	22,203	670	1,313	1,802
Net Nonoperating Expense (NNE)	-41	69	72	-419	148	-248	-26	-595	-4,670	518
Net Nonoperating Obligations (NNO)	-20,452	-17,798	-19,456	-23,037	3,645	8,908	-12,633	12,823	7,029	4,279
Total Depreciation and Amortization (D&A)	36	40	67	75	71	71	59	47	83	101
Debt-free, Cash-free Net Working Capital to Revenue	21.58%	29.70%	39.42%	-1.45%	1.81%	1.52%	-5.60%	-18.51%	-33.13%	-0.45%
Debt-free Net Working Capital to Revenue	261.74%	392.44%	412.82%	134.90%	38.75%	36.93%	324.92%	9.37%	82.93%	22.95%
Net Working Capital to Revenue	261.74%	392.44%	412.82%	134.90%	38.75%	36.93%	324.92%	9.37%	82.93%	22.95%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$3.62	$1.84	$2.36	$8.14	$1.50	$3.03	$2.27	$2.21	$1.60	$1.12
Adjusted Weighted Average Basic Shares Outstanding	766.49M	755.20M	740.66M	719.77M	696.93M	675.90M	678.85M	665.45M	649.48M	634.34M
Adjusted Diluted Earnings per Share	$3.62	$1.84	$2.36	$8.13	$1.50	$3.03	$2.26	$2.21	$1.56	$1.04
Adjusted Weighted Average Diluted Shares Outstanding	766.65M	755.42M	740.94M	720.13M	697.26M	676.17M	1.21B	666.25M	1.20B	1.19B
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	729.42M	714.64M	706.37M	700.39M	683.84M	673.61M	658.59M	659.09M	587.61M	565.22M
Normalized Net Operating Profit after Tax (NOPAT)	5,397	2,514	3,060	11,956	2,409	2,501	3,238	2,780	-2,421	2,143
Normalized NOPAT Margin	40.79%	31.33%	35.93%	52.96%	44.51%	40.77%	47.38%	38.91%	-152.94%	27.29%
Pre Tax Income Margin	48.82%	36.87%	40.64%	60.06%	48.35%	62.23%	51.41%	57.64%	150.45%	23.11%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	16.75	20.12	22.42	0.00	-14.37	1.67
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	14.50	18.12	19.74	0.00	-15.86	1.23
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	16.08	19.82	22.31	0.00	-14.51	1.64
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	13.83	17.82	19.63	0.00	-16.00	1.20
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	97.43%	215.70%	260.65%	48.08%	138.54%	81.81%	116.71%	108.34%	113.49%	256.99%
Augmented Payout Ratio	109.59%	232.80%	276.24%	58.37%	160.87%	96.95%	134.09%	109.24%	114.72%	260.75%

This table displays calculated financial ratios and metrics derived from Blackstone's official financial filings.

Metric	Q1 2025	Q3 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	9/30/2024	6/30/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-
Revenue Growth	-10.80%	44.15%	102.37%	-55.60%	140.17%	347.33%	-64.90%	-49.78%	-83.00%
EBITDA Growth	-22.61%	60.70%	348.71%	-70.18%	898.30%	816.11%	-91.15%	-83.80%	-96.94%
EBIT Growth	-22.72%	61.99%	367.81%	-71.04%	1,040.91%	750.90%	-91.52%	-84.15%	-97.33%
NOPAT Growth	-27.94%	58.93%	481.68%	-65.46%	26,194.29%	1,504.81%	-93.75%	-75.38%	-99.88%
Net Income Growth	-24.26%	69.93%	350.14%	-85.32%	24,784.92%	570.67%	-91.56%	-74.72%	-99.88%
EPS Growth	-27.93%	39.73%	427.27%	-71.62%	0.00%	2,075.00%	-93.37%	-61.26%	-100.00%
Operating Cash Flow Growth	18.02%	0.00%	166.45%	25.25%	10.17%	-8.68%	-87.17%	187.86%	-38.71%
Free Cash Flow Firm Growth	-9.81%	1,087.73%	141.12%	122.22%	-101.03%	-102.36%	-155.52%	-103.82%	232.23%
Invested Capital Growth	-158.93%	-197.12%	-54.09%	22.80%	164.04%	205.21%	143.80%	116.94%	-103.15%
Revenue Q/Q Growth	0.00%	0.00%	117.61%	-49.43%	-9.71%	103.69%	-52.25%	173.50%	68.16%
EBITDA Q/Q Growth	0.00%	0.00%	642.06%	-85.43%	-21.57%	429.22%	-50.69%	387.72%	156.26%
EBIT Q/Q Growth	0.00%	0.00%	679.35%	-86.12%	-21.70%	452.33%	-51.75%	446.76%	144.67%
NOPAT Q/Q Growth	0.00%	0.00%	277.83%	-74.86%	-14.93%	619.73%	-77.56%	19,039.11%	104.55%
Net Income Q/Q Growth	0.00%	0.00%	769.08%	-88.15%	-23.51%	471.34%	-71.66%	19,990.30%	101.45%
EPS Q/Q Growth	0.00%	0.00%	176.19%	-71.23%	-7.59%	618.18%	-85.14%	0.00%	100.00%
Operating Cash Flow Q/Q Growth	587.23%	0.00%	4.93%	-17.29%	-37.24%	389.21%	-50.68%	-27.24%	-47.98%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	723.36%	176.44%	52.84%	86.15%	-344.91%	-103.55%	7.74%
Invested Capital Q/Q Growth	0.00%	0.00%	100.43%	-41.41%	-44.41%	-29.67%	436.11%	130.55%	8.68%
Profitability Metrics	-	-	-	-	-	-	-	-	-
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
EBITDA Margin	44.43%	49.41%	43.54%	12.77%	44.32%	51.02%	19.64%	19.01%	10.66%
Operating Margin	42.41%	48.24%	41.61%	26.73%	45.90%	47.59%	13.93%	19.59%	9.14%
EBIT Margin	44.16%	49.41%	43.22%	12.07%	43.97%	50.70%	18.70%	18.50%	9.26%
Profit (Net Income) Margin	36.75%	42.71%	33.91%	8.49%	36.23%	42.77%	15.25%	25.69%	0.35%
Tax Burden Percent	83.21%	86.45%	78.47%	70.37%	82.41%	84.35%	81.55%	123.44%	3.78%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	112.47%	100.00%
Effective Tax Rate	16.79%	13.55%	21.53%	29.63%	17.59%	15.65%	18.45%	-23.44%	96.22%
Return on Invested Capital (ROIC)	3,975.40%	0.00%	349.56%	600.91%	0.00%	15,531.09%	0.00%	0.00%	0.35%
ROIC Less NNEP Spread (ROIC-NNEP)	3,975.15%	0.00%	349.36%	601.62%	0.00%	15,530.72%	0.00%	0.00%	0.35%
Return on Net Nonoperating Assets (RNNOA)	-3,951.66%	0.00%	-332.89%	-593.62%	0.00%	-15,514.54%	0.00%	0.00%	-0.15%
Return on Equity (ROE)	23.75%	0.00%	16.67%	7.29%	15.97%	16.55%	3.43%	14.44%	0.19%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	444.77%	980.63%	368.71%	39.02%	-270.05%	667.48%	0.00%
Operating Return on Assets (OROA)	13.20%	0.00%	9.99%	2.34%	10.34%	9.93%	2.64%	3.76%	2.66%
Return on Assets (ROA)	10.99%	0.00%	7.84%	1.65%	8.52%	8.38%	2.15%	5.23%	0.10%
Return on Common Equity (ROCE)	9.13%	0.00%	6.21%	2.79%	6.10%	6.49%	1.40%	5.96%	0.08%
Return on Equity Simple (ROE_SIMPLE)	63.31%	0.00%	46.56%	0.00%	43.16%	29.94%	9.90%	0.00%	68.36%
Net Operating Profit after Tax (NOPAT)	1,161	1,528	913	242	961	1,130	157	700	3.66
NOPAT Margin	35.29%	41.70%	32.65%	18.81%	37.82%	40.14%	11.36%	24.18%	0.35%
Net Nonoperating Expense Percent (NNEP)	0.25%	0.19%	0.20%	-0.71%	-0.21%	0.37%	0.25%	0.21%	0.00%
Return On Investment Capital (ROIC_SIMPLE)	3.75%	5.21%	3.21%	0.86%	3.25%	3.80%	0.53%	2.31%	0.01%
Cost of Revenue to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	53.63%	48.63%	54.29%	64.81%	48.22%	47.45%	75.01%	98.10%	82.73%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	57.59%	51.76%	58.39%	73.27%	54.10%	52.41%	86.07%	80.41%	90.86%
Earnings before Interest and Taxes (EBIT)	1,453	1,810	1,209	155	1,117	1,427	258	535	98
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1,462	1,810	1,218	164	1,126	1,436	271	550	113
Valuation Ratios	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	12.21	15.13	12.47	13.03	10.10	8.60	8.19	6.35	7.16
Price to Tangible Book Value (P/TBV)	16.42	21.45	17.90	18.80	14.32	12.14	11.68	8.76	9.94
Price to Revenue (P/Rev)	7.59	0.00	9.03	11.07	7.48	7.62	9.74	5.71	4.77
Price to Earnings (P/E)	38.29	0.00	48.71	63.86	40.10	49.75	94.19	27.81	20.98
Dividend Yield	2.85%	2.24%	2.77%	2.62%	3.33%	4.41%	5.32%	7.13%	6.63%
Earnings Yield	2.61%	0.00%	2.05%	1.57%	2.49%	2.01%	1.06%	3.60%	4.77%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	142.28	297.29	138.72	65.77	43.19	182.68	0.00
Enterprise Value to Revenue (EV/Rev)	6.94	0.00	8.36	10.26	6.80	6.86	8.75	4.83	4.04
Enterprise Value to EBITDA (EV/EBITDA)	14.68	0.00	20.01	27.45	19.37	23.58	71.12	11.67	7.21
Enterprise Value to EBIT (EV/EBIT)	14.77	0.00	20.20	27.82	19.63	24.11	77.61	11.89	7.29
Enterprise Value to NOPAT (EV/NOPAT)	18.01	0.00	24.16	32.74	22.20	28.10	74.16	13.45	8.86
Enterprise Value to Operating Cash Flow (EV/OCF)	24.40	23.37	17.00	20.28	16.91	14.80	13.25	6.50	9.56
Enterprise Value to Free Cash Flow (EV/FCFF)	15.29	0.00	20.13	33.42	37.62	168.57	0.00	27.37	1.57
Leverage & Solvency	-	-	-	-	-	-	-	-	-
Debt to Equity	0.63	0.55	0.57	0.63	0.64	0.64	0.66	0.63	0.47
Long-Term Debt to Equity	0.63	0.55	0.57	0.63	0.64	0.64	0.66	0.63	0.47
Financial Leverage	-0.99	-1.00	-0.95	-0.99	-1.01	-1.00	-1.04	-1.03	-0.44
Leverage Ratio	2.23	2.20	2.18	2.19	2.13	2.06	2.06	2.02	1.95
Compound Leverage Factor	2.23	2.20	2.18	2.19	2.13	2.06	2.06	2.28	1.95
Debt to Total Capital	38.54%	35.58%	36.40%	38.48%	39.17%	39.18%	39.68%	38.56%	31.94%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	38.54%	35.58%	36.40%	38.48%	39.17%	39.18%	39.68%	38.56%	31.94%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	36.78%	41.23%	40.33%	38.32%	37.77%	37.82%	37.46%	37.54%	41.90%
Common Equity to Total Capital	24.69%	23.19%	23.27%	23.20%	23.07%	23.00%	22.86%	23.90%	26.16%
Debt to EBITDA	2.05	0.00	2.71	3.77	3.58	5.19	16.78	3.50	1.45
Net Debt to EBITDA	-3.33	0.00	-4.59	-5.94	-5.38	-7.61	-23.85	-5.51	-3.21
Long-Term Debt to EBITDA	2.05	0.00	2.71	3.77	3.58	5.19	16.78	3.50	1.45
Debt to NOPAT	2.52	0.00	3.27	4.50	4.10	6.18	17.49	4.04	1.78
Net Debt to NOPAT	-4.08	0.00	-5.55	-7.08	-6.17	-9.06	-24.87	-6.36	-3.95
Long-Term Debt to NOPAT	2.52	0.00	3.27	4.50	4.10	6.18	17.49	4.04	1.78
Altman Z-Score	3.65	0.00	3.63	3.57	3.05	2.82	2.61	2.57	2.82
Noncontrolling Interest Sharing Ratio	61.57%	0.00%	62.76%	61.67%	61.82%	60.79%	59.10%	58.73%	59.03%
Liquidity Ratios	-	-	-	-	-	-	-	-	-
Current Ratio	15.49	16.41	16.85	14.83	4.68	5.00	19.46	29.09	26.16
Quick Ratio	15.49	16.41	16.85	14.83	4.68	5.00	19.46	29.09	26.16
Cash Flow Metrics	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	2,043	2,459	1,567	190	-249	-528	-3,810	-856	24,135
Operating Cash Flow to CapEx	3,788.57%	0.00%	5,293.12%	2,859.16%	1,728.02%	2,843.78%	507.11%	1,468.03%	1,151.14%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-
Asset Turnover	0.30	0.00	0.23	0.19	0.24	0.20	0.14	0.20	0.29
Accounts Receivable Turnover	2.38	0.00	3.12	1.73	3.25	2.84	8.27	3.25	17.10
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	153.19	0.00	116.81	210.86	112.32	128.39	44.14	112.41	21.35
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	153.19	0.00	116.81	210.86	112.32	128.39	44.14	112.41	21.35
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-
Invested Capital	-327	-459	555	277	472	850	1,208	225	-738
Invested Capital Turnover	112.65	0.00	10.71	31.95	-72.63	386.92	-7.69	-15.41	1.01
Increase / (Decrease) in Invested Capital	-882	-931	-654	51	1,210	1,658	3,967	1,556	-24,132
Enterprise Value (EV)	89,103	98,541	78,930	82,286	65,540	55,895	52,195	41,175	45,977
Market Capitalization	97,408	106,008	85,208	88,826	72,062	62,053	58,077	48,606	54,300
Book Value per Share	$10.94	$9.73	$9.56	$9.59	$10.05	$10.22	$10.04	$10.91	$10.81
Tangible Book Value per Share	$8.13	$6.86	$6.66	$6.65	$7.09	$7.24	$7.04	$7.91	$7.79
Total Capital	32,319	30,217	29,362	29,379	30,922	31,390	31,025	32,031	28,998
Total Debt	12,455	10,752	10,688	11,304	12,111	12,300	12,311	12,350	9,263
Total Long-Term Debt	12,455	10,752	10,688	11,304	12,111	12,300	12,311	12,350	9,263
Net Debt	-20,192	-19,924	-18,120	-17,798	-18,200	-18,029	-17,505	-19,456	-20,473
Capital Expenditures (CapEx)	29	0.00	18	31	63	61	70	49	85
Debt-free, Cash-free Net Working Capital (DFCFNWC)	3,183	3,261	3,103	2,383	-2,480	-2,105	-655	3,358	-333
Debt-free Net Working Capital (DFNWC)	35,829	33,937	31,910	31,485	27,832	28,224	29,162	35,163	29,403
Net Working Capital (NWC)	35,829	33,937	31,910	31,485	27,832	28,224	29,162	35,163	29,403
Net Nonoperating Expense (NNE)	-48	-37	-35	133	40	-74	-54	-44	-0.04
Net Nonoperating Obligations (NNO)	-20,192	-19,924	-18,120	-17,798	-18,338	-18,241	-17,505	-19,456	-20,473
Total Depreciation and Amortization (D&A)	8.98	0.00	8.98	9.00	9.01	9.07	13	15	15
Debt-free, Cash-free Net Working Capital to Revenue	24.81%	0.00%	32.88%	29.70%	-25.75%	-25.84%	-10.98%	39.42%	-2.93%
Debt-free Net Working Capital to Revenue	279.23%	0.00%	338.13%	392.44%	288.96%	346.36%	489.04%	412.82%	258.23%
Net Working Capital to Revenue	279.23%	0.00%	338.13%	392.44%	288.96%	346.36%	489.04%	412.82%	258.23%
Earnings Adjustments	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.80	$1.02	$0.58	$0.20	$0.73	$0.79	$0.12	$0.74	$0.00
Adjusted Weighted Average Basic Shares Outstanding	771.80M	768.23M	769.19M	755.20M	757.96M	758.48M	746.06M	740.66M	742.35M
Adjusted Diluted Earnings per Share	$0.80	$1.02	$0.58	$0.21	$0.73	$0.79	$0.11	$0.74	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	772.43M	768.28M	769.23M	755.42M	758.05M	758.55M	746.64M	740.94M	742.50M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	729.65M	722.00M	720.08M	714.64M	710.54M	709.75M	706.08M	706.37M	701.78M
Normalized Net Operating Profit after Tax (NOPAT)	1,161	1,528	913	242	961	1,130	157	397	68
Normalized NOPAT Margin	35.29%	41.70%	32.65%	18.81%	37.82%	40.14%	11.36%	13.71%	6.40%
Pre Tax Income Margin	44.16%	49.41%	43.22%	12.07%	43.97%	50.70%	18.70%	20.81%	9.26%
Debt Service Ratios	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	118.29%	0.00%	168.28%	215.70%	179.14%	277.71%	983.03%	260.65%	160.43%
Augmented Payout Ratio	130.66%	0.00%	182.31%	232.80%	191.44%	297.63%	1,060.24%	276.24%	180.48%

Frequently Asked Questions About Blackstone's Financials

When does Blackstone's fiscal year end?

According to the most recent income statement we have on file, Blackstone's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Blackstone's net income changed over the last 9 years?

Blackstone's net income appears to be on an upward trend, with a most recent value of $5.44 billion in 2024, rising from $1.62 billion in 2015. The previous period was $2.44 billion in 2023. See Blackstone's forecast for analyst expectations on what’s next for the company.

What is Blackstone's operating income?

Blackstone's total operating income in 2024 was $6.41 billion, based on the following breakdown:

Total Gross Profit: $13.23 billion
Total Operating Expenses: $6.82 billion

How has Blackstone revenue changed over the last 9 years?

Over the last 9 years, Blackstone's total revenue changed from $7.85 billion in 2015 to $13.23 billion in 2024, a change of 68.5%.

How much debt does Blackstone have?

Blackstone's total liabilities were at $23.97 billion at the end of 2024, a 7.9% increase from 2023, and a 132.9% increase since 2015.

How much cash does Blackstone have?

In the past 9 years, Blackstone's cash and equivalents has ranged from $1.84 billion in 2016 to $4.25 billion in 2022, and is currently $1.97 billion as of their latest financial filing in 2024.

How has Blackstone's book value per share changed over the last 9 years?

Over the last 9 years, Blackstone's book value per share changed from 11.23 in 2015 to 11.37 in 2024, a change of 1.3%.

Related Companies

This page (NYSE:BX) was last updated on 5/28/2025 by MarketBeat.com Staff

From Our Partners

Get 30 Days of MarketBeat All Access for Free

Start Your 30-Day Trial

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Blackstone (BX) Financials

Frequently Asked Questions About Blackstone's Financials

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

About MarketBeat

MarketBeat Products

Popular Tools

Financial Calendars

Terms & Info

Blackstone (BX) Financials

Annual Income Statements for Blackstone

Quarterly Income Statements for Blackstone

Annual Cash Flow Statements for Blackstone

Quarterly Cash Flow Statements for Blackstone

Annual Balance Sheets for Blackstone

Quarterly Balance Sheets for Blackstone

Annual Metrics And Ratios for Blackstone

Quarterly Metrics And Ratios for Blackstone

Frequently Asked Questions About Blackstone's Financials

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools