Blackstone (BX) Financials

$134.02 -2.09 (-1.54%)

Closing price 05/6/2025 03:59 PM Eastern

Extended Trading

$138.34 +4.32 (+3.22%)

As of 05/6/2025 07:55 PM 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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	367	-1,212	1,471	1,542	2,050	1,045	5,857	1,748	1,391	2,777
Consolidated Net Income / (Loss)	1,624	2,249	3,375	3,264	3,866	2,262	12,375	2,989	2,444	5,438
Net Income / (Loss) Continuing Operations	1,281	-1.61	3,375	3,264	3,866	2,262	12,375	2,989	2,444	5,438
Total Pre-Tax Income	1,815	2,382	4,118	3,513	3,818	2,618	13,559	3,462	2,958	6,459
Total Operating Income	2,394	-2,563	3,393	3,485	3,573	2,789	13,101	3,545	3,042	6,411
Total Gross Profit	5,561	-620	7,145	6,833	6,135	5,413	22,577	8,518	8,023	13,230
Total Revenue	7,852	1,583	7,145	6,833	6,135	5,413	22,577	8,518	8,023	13,230
Operating Revenue	7,852	1,583	7,145	6,833	6,135	5,413	22,577	8,518	8,023	13,230
Total Cost of Revenue	2,291	2,203	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Operating Expenses	3,168	1,943	3,752	3,348	2,562	2,625	9,477	4,973	4,981	6,819
Selling, General & Admin Expense	576	542	3,422	1,626	679	712	9,268	4,625	4,430	6,356
Other Operating Expenses / (Income)	2,592	1,402	330	1,722	1,882	1,913	209	348	551	463
Total Other Income / (Expense), net	-922	2,694	725	28	245	-171	459	-83	-84	49
Other Income / (Expense), net	518	370	725	192	444	-4.84	459	-83	-84	49
Income Tax Expense	190	132	743	249	-48	356	1,184	473	513	1,022
Net Income / (Loss) Attributable to Noncontrolling Interest	915	1,210	1,904	1,722	1,816	1,216	6,518	1,241	1,053	2,661
Basic Earnings per Share	$1.12	$1.60	$2.21	$2.27	$3.03	$1.50	$8.14	$2.36	$1.84	$3.62
Weighted Average Basic Shares Outstanding	634.34M	649.48M	665.45M	678.85M	675.90M	696.93M	719.77M	740.66M	755.20M	766.49M
Diluted Earnings per Share	$1.04	$1.56	$2.21	$2.26	$3.03	$1.50	$8.13	$2.36	$1.84	$3.62
Weighted Average Diluted Shares Outstanding	1.19B	1.20B	666.25M	1.21B	676.17M	697.26M	720.13M	740.94M	755.42M	766.65M
Weighted Average Basic & Diluted Shares Outstanding	565.22M	587.61M	659.09M	658.59M	673.61M	683.84M	700.39M	706.37M	714.64M	729.42M
Cash Dividends to Common per Share	$2.90	$1.66	$2.32	$2.42	$1.92	$1.91	$3.57	$4.94	$3.32	$3.45

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

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

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

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

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

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

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

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

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

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

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. Find out what analysts predict for Blackstone in the coming months.

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%.

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This page (NYSE:BX) was last updated on 5/7/2025 by MarketBeat.com Staff

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