Annual Income Statements for Blue Owl Capital
This table shows Blue Owl Capital's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.
Quarterly Income Statements for Blue Owl Capital
This table shows Blue Owl Capital'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 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
| Net Income / (Loss) Attributable to Common Shareholders |
|
271 |
295 |
202 |
196 |
207 |
189 |
183 |
122 |
135 |
82 |
243 |
| Consolidated Net Income / (Loss) |
|
265 |
21 |
162 |
201 |
217 |
213 |
183 |
122 |
148 |
142 |
255 |
| Net Income / (Loss) Continuing Operations |
|
147 |
404 |
162 |
187 |
190 |
214 |
183 |
189 |
185 |
184 |
255 |
| Total Pre-Tax Income |
|
148 |
412 |
162 |
189 |
193 |
222 |
188 |
192 |
188 |
185 |
260 |
| Total Revenue |
|
239 |
746 |
254 |
399 |
409 |
515 |
279 |
396 |
419 |
429 |
368 |
| Net Interest Income / (Expense) |
|
233 |
706 |
227 |
394 |
399 |
562 |
280 |
397 |
406 |
514 |
310 |
| Total Interest Income |
|
314 |
557 |
331 |
394 |
399 |
458 |
400 |
397 |
406 |
394 |
459 |
| Investment Securities Interest Income |
|
314 |
- |
331 |
394 |
399 |
458 |
400 |
397 |
406 |
394 |
459 |
| Total Interest Expense |
|
81 |
-149 |
104 |
0.00 |
0.00 |
-104 |
119 |
0.00 |
0.00 |
-119 |
149 |
| Long-Term Debt Interest Expense |
|
81 |
- |
104 |
- |
- |
- |
119 |
- |
- |
- |
149 |
| Total Non-Interest Income |
|
5.67 |
40 |
26 |
5.01 |
9.91 |
-46 |
-1.38 |
-0.85 |
13 |
-84 |
57 |
| Other Service Charges |
|
5.60 |
- |
3.36 |
7.43 |
2.51 |
2.40 |
5.51 |
6.17 |
5.52 |
5.97 |
5.65 |
| Net Realized & Unrealized Capital Gains on Investments |
|
0.07 |
33 |
23 |
-2.42 |
-1.52 |
-77 |
-6.90 |
-7.02 |
-1.18 |
-82 |
51 |
| Total Non-Interest Expense |
|
84 |
340 |
91 |
205 |
206 |
313 |
92 |
205 |
218 |
329 |
107 |
| Insurance Policy Acquisition Costs |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
41 |
| Other Operating Expenses |
|
53 |
253 |
55 |
166 |
166 |
270 |
54 |
165 |
178 |
290 |
70 |
| Other Special Charges |
|
- |
- |
-1.21 |
- |
- |
- |
- |
- |
- |
- |
-4.01 |
| Income Tax Expense |
|
1.60 |
- |
- |
2.38 |
2.73 |
- |
5.24 |
2.41 |
3.56 |
0.44 |
5.31 |
| Basic Earnings per Share |
|
$0.67 |
$0.49 |
$0.52 |
$0.50 |
$0.53 |
$0.48 |
$0.47 |
$0.31 |
$0.35 |
$0.40 |
$0.49 |
| Weighted Average Basic Shares Outstanding |
|
393.82M |
394.01M |
391.05M |
389.93M |
389.70M |
390.10M |
389.73M |
390.10M |
390.22M |
390.07M |
494.83M |
| Diluted Earnings per Share |
|
$0.67 |
$0.49 |
$0.52 |
$0.50 |
$0.53 |
$0.48 |
$0.47 |
$0.31 |
$0.35 |
$0.40 |
$0.49 |
| Weighted Average Diluted Shares Outstanding |
|
393.82M |
394.01M |
391.05M |
389.93M |
389.70M |
390.10M |
389.73M |
390.10M |
390.22M |
390.07M |
494.83M |
| Weighted Average Basic & Diluted Shares Outstanding |
|
- |
390.95M |
389.80M |
389.73M |
389.73M |
389.73M |
389.73M |
390.22M |
390.22M |
510.85M |
511.05M |
Annual Cash Flow Statements for Blue Owl Capital
This table details how cash moves in and out of Blue Owl Capital's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.
| Metric |
|
2020 |
2021 |
2022 |
2023 |
2024 |
| Net Change in Cash & Equivalents |
|
41 |
89 |
-2.06 |
215 |
-146 |
| Net Cash From Operating Activities |
|
-1,560 |
-1,227 |
217 |
1,136 |
160 |
| Net Cash From Continuing Operating Activities |
|
-1,560 |
-1,227 |
217 |
1,136 |
113 |
| Net Income / (Loss) Continuing Operations |
|
388 |
625 |
466 |
793 |
595 |
| Consolidated Net Income / (Loss) |
|
388 |
625 |
466 |
793 |
595 |
| Amortization Expense |
|
-33 |
-56 |
-12 |
-23 |
-38 |
| Non-Cash Adjustments to Reconcile Net Income |
|
-1,960 |
-1,837 |
-350 |
388 |
-478 |
| Changes in Operating Assets and Liabilities, net |
|
45 |
41 |
112 |
-24 |
33 |
| Net Cash From Investing Activities |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| Net Cash From Continuing Investing Activities |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| Net Cash From Financing Activities |
|
1,601 |
1,316 |
-219 |
-921 |
-306 |
| Net Cash From Continuing Financing Activities |
|
1,601 |
1,316 |
-219 |
-921 |
-306 |
| Issuance of Debt |
|
5,404 |
5,522 |
2,531 |
1,746 |
4,183 |
| Repayment of Debt |
|
-3,199 |
-3,742 |
-2,236 |
-2,020 |
-3,833 |
| Repurchase of Common Equity |
|
-150 |
-2.60 |
-26 |
-34 |
0.00 |
| Payment of Dividends |
|
-453 |
-461 |
-488 |
-613 |
-656 |
| Cash Interest Paid |
|
113 |
167 |
234 |
397 |
419 |
| Cash Income Taxes Paid |
|
1.99 |
4.96 |
3.91 |
3.45 |
6.14 |
Quarterly Cash Flow Statements for Blue Owl Capital
This table details how cash moves in and out of Blue Owl Capital'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 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
| Net Change in Cash & Equivalents |
|
112 |
-10 |
-46 |
-32 |
64 |
228 |
83 |
-363 |
101 |
33 |
0.06 |
| Net Cash From Operating Activities |
|
48 |
95 |
46 |
497 |
179 |
414 |
444 |
-726 |
-3.53 |
446 |
39 |
| Net Cash From Continuing Operating Activities |
|
48 |
95 |
46 |
497 |
179 |
414 |
453 |
-799 |
5.46 |
453 |
106 |
| Net Income / (Loss) Continuing Operations |
|
265 |
192 |
202 |
196 |
207 |
189 |
183 |
122 |
135 |
155 |
243 |
| Consolidated Net Income / (Loss) |
|
265 |
192 |
202 |
196 |
207 |
189 |
183 |
122 |
135 |
155 |
243 |
| Amortization Expense |
|
-3.80 |
0.83 |
-1.92 |
-2.30 |
-7.30 |
-11 |
-6.74 |
-10 |
-6.91 |
-13 |
-11 |
| Non-Cash Adjustments to Reconcile Net Income |
|
-228 |
-135 |
-119 |
274 |
-1.79 |
235 |
316 |
-980 |
-36 |
222 |
-100 |
| Changes in Operating Assets and Liabilities, net |
|
14 |
37 |
-35 |
29 |
-19 |
0.95 |
-39 |
70 |
-87 |
90 |
-26 |
| Net Cash From Investing Activities |
|
- |
- |
0.00 |
- |
- |
- |
0.00 |
- |
- |
- |
0.00 |
| Net Cash From Continuing Investing Activities |
|
- |
- |
0.00 |
- |
- |
- |
0.00 |
- |
- |
- |
0.00 |
| Net Cash From Financing Activities |
|
64 |
-105 |
-92 |
-528 |
-115 |
-186 |
-361 |
364 |
105 |
-413 |
-39 |
| Net Cash From Continuing Financing Activities |
|
64 |
-105 |
-92 |
-528 |
-115 |
-186 |
-361 |
364 |
105 |
-413 |
-42 |
| Issuance of Debt |
|
819 |
323 |
498 |
77 |
320 |
851 |
1,282 |
1,103 |
561 |
1,237 |
1,300 |
| Repayment of Debt |
|
-633 |
-278 |
-422 |
-441 |
-279 |
-877 |
-1,475 |
-583 |
-288 |
-1,487 |
-1,172 |
| Payment of Dividends |
|
-122 |
-134 |
-145 |
-152 |
-156 |
-160 |
-168 |
-156 |
-168 |
-164 |
-170 |
| Cash Interest Paid |
|
76 |
57 |
114 |
77 |
121 |
84 |
122 |
72 |
151 |
74 |
198 |
| Cash Income Taxes Paid |
|
0.40 |
2.25 |
0.40 |
1.10 |
0.21 |
1.74 |
5.66 |
0.18 |
0.02 |
0.28 |
1.57 |
Annual Balance Sheets for Blue Owl Capital
This table presents Blue Owl Capital's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.
| Metric |
2021 |
2022 |
2023 |
2024 |
| Total Assets |
13,298 |
13,585 |
13,511 |
13,866 |
| Cash and Due from Banks |
431 |
444 |
659 |
506 |
| Trading Account Securities |
12,132 |
13,017 |
12,713 |
13,221 |
| Loans and Leases, Net of Allowance |
0.00 |
0.00 |
0.00 |
0.00 |
| Customer and Other Receivables |
3.95 |
18 |
23 |
17 |
| Other Assets |
121 |
113 |
116 |
148 |
| Total Liabilities & Shareholders' Equity |
13,298 |
13,585 |
13,511 |
13,866 |
| Total Liabilities |
7,360 |
7,702 |
7,490 |
7,913 |
| Long-Term Debt |
7,079 |
7,282 |
7,077 |
7,458 |
| Other Long-Term Liabilities |
275 |
421 |
413 |
455 |
| Commitments & Contingencies |
0.00 |
0.00 |
0.00 |
0.00 |
| Total Equity & Noncontrolling Interests |
5,938 |
5,882 |
6,021 |
5,953 |
| Total Preferred & Common Equity |
5,938 |
5,882 |
6,021 |
5,953 |
| Total Common Equity |
5,938 |
5,882 |
6,021 |
5,953 |
| Common Stock |
5,994 |
5,975 |
5,928 |
5,923 |
| Retained Earnings |
-56 |
-92 |
93 |
29 |
Quarterly Balance Sheets for Blue Owl Capital
This table presents Blue Owl Capital'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 2023 |
Q2 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q1 2025 |
| Total Assets |
|
13,679 |
13,393 |
13,330 |
13,867 |
14,091 |
18,376 |
| Cash and Due from Banks |
|
393 |
366 |
667 |
378 |
479 |
512 |
| Trading Account Securities |
|
13,181 |
12,917 |
12,441 |
13,368 |
13,474 |
17,730 |
| Loans and Leases, Net of Allowance |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| Customer and Other Receivables |
|
22 |
19 |
26 |
30 |
24 |
20 |
| Other Assets |
|
107 |
115 |
223 |
116 |
140 |
152 |
| Total Liabilities & Shareholders' Equity |
|
13,679 |
13,393 |
13,330 |
13,867 |
14,091 |
18,376 |
| Total Liabilities |
|
7,762 |
7,444 |
7,301 |
7,872 |
8,129 |
10,637 |
| Long-Term Debt |
|
7,383 |
7,027 |
6,886 |
7,415 |
7,741 |
10,161 |
| Other Long-Term Liabilities |
|
375 |
417 |
415 |
448 |
388 |
476 |
| Commitments & Contingencies |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| Total Equity & Noncontrolling Interests |
|
5,917 |
5,949 |
6,029 |
5,994 |
5,962 |
7,739 |
| Total Preferred & Common Equity |
|
5,917 |
5,949 |
6,029 |
5,994 |
5,962 |
7,739 |
| Total Common Equity |
|
5,917 |
5,949 |
6,029 |
5,994 |
5,962 |
7,739 |
| Common Stock |
|
5,953 |
5,941 |
5,928 |
5,935 |
5,935 |
7,678 |
| Retained Earnings |
|
-35 |
8.42 |
101 |
59 |
27 |
61 |
Annual Metrics And Ratios for Blue Owl Capital
This table displays calculated financial ratios and metrics derived from Blue Owl Capital's official financial filings.
| Metric |
|
2020 |
2021 |
2022 |
2023 |
2024 |
| Growth Metrics |
|
- |
- |
- |
- |
- |
| Revenue Growth |
|
0.00% |
0.00% |
42.28% |
43.02% |
-3.41% |
| EBITDA Growth |
|
0.00% |
26.88% |
9.45% |
64.38% |
-13.15% |
| EBIT Growth |
|
0.00% |
30.79% |
-1.23% |
65.12% |
-10.79% |
| NOPAT Growth |
|
0.00% |
37.28% |
-7.90% |
66.94% |
-1.67% |
| Net Income Growth |
|
0.00% |
0.00% |
-27.76% |
75.73% |
-25.00% |
| EPS Growth |
|
0.00% |
0.00% |
-25.79% |
72.03% |
-24.63% |
| Operating Cash Flow Growth |
|
0.00% |
21.35% |
117.70% |
422.68% |
-85.89% |
| Free Cash Flow Firm Growth |
|
0.00% |
0.00% |
-7.90% |
-2,834.60% |
103.48% |
| Invested Capital Growth |
|
0.00% |
0.00% |
0.00% |
0.00% |
2.38% |
| Revenue Q/Q Growth |
|
0.00% |
0.00% |
0.00% |
-2.60% |
34.08% |
| EBITDA Q/Q Growth |
|
0.00% |
0.00% |
0.00% |
-31.31% |
-9.49% |
| EBIT Q/Q Growth |
|
0.00% |
0.00% |
0.00% |
-29.92% |
-8.71% |
| NOPAT Q/Q Growth |
|
0.00% |
0.00% |
0.00% |
-28.77% |
-6.21% |
| Net Income Q/Q Growth |
|
0.00% |
0.00% |
0.00% |
28.74% |
-10.75% |
| EPS Q/Q Growth |
|
0.00% |
0.00% |
0.00% |
-0.49% |
-4.97% |
| Operating Cash Flow Q/Q Growth |
|
0.00% |
0.00% |
0.00% |
39.08% |
25.05% |
| Free Cash Flow Firm Q/Q Growth |
|
0.00% |
0.00% |
0.00% |
0.00% |
-45.70% |
| Invested Capital Q/Q Growth |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
| Profitability Metrics |
|
- |
- |
- |
- |
- |
| EBITDA Margin |
|
72.99% |
53.00% |
40.77% |
46.86% |
42.13% |
| EBIT Margin |
|
78.47% |
60.25% |
41.82% |
48.28% |
44.59% |
| Profit (Net Income) Margin |
|
63.80% |
80.62% |
40.94% |
50.30% |
39.06% |
| Tax Burden Percent |
|
74.64% |
126.46% |
97.88% |
103.52% |
79.05% |
| Interest Burden Percent |
|
108.94% |
105.82% |
100.00% |
100.64% |
110.80% |
| Effective Tax Rate |
|
0.39% |
0.81% |
2.12% |
1.66% |
1.55% |
| Return on Invested Capital (ROIC) |
|
0.00% |
7.53% |
0.00% |
11.51% |
5.59% |
| ROIC Less NNEP Spread (ROIC-NNEP) |
|
0.00% |
11.34% |
0.00% |
12.63% |
3.58% |
| Return on Net Nonoperating Assets (RNNOA) |
|
0.00% |
13.52% |
0.00% |
14.84% |
4.35% |
| Return on Equity (ROE) |
|
0.00% |
21.05% |
0.00% |
26.35% |
9.94% |
| Cash Return on Invested Capital (CROIC) |
|
0.00% |
-192.47% |
0.00% |
-188.49% |
3.24% |
| Operating Return on Assets (OROA) |
|
0.00% |
3.51% |
0.00% |
5.64% |
4.96% |
| Return on Assets (ROA) |
|
0.00% |
4.70% |
0.00% |
5.87% |
4.35% |
| Return on Common Equity (ROCE) |
|
0.00% |
21.05% |
0.00% |
26.35% |
9.94% |
| Return on Equity Simple (ROE_SIMPLE) |
|
0.00% |
10.52% |
0.00% |
13.17% |
9.99% |
| Net Operating Profit after Tax (NOPAT) |
|
517 |
490 |
451 |
754 |
741 |
| NOPAT Margin |
|
85.15% |
63.24% |
40.94% |
47.78% |
48.64% |
| Net Nonoperating Expense Percent (NNEP) |
|
0.00% |
-3.81% |
0.00% |
-1.12% |
2.01% |
| SG&A Expenses to Revenue |
|
15.45% |
13.41% |
0.00% |
10.14% |
10.32% |
| Operating Expenses to Revenue |
|
21.54% |
39.75% |
58.18% |
51.72% |
55.41% |
| Earnings before Interest and Taxes (EBIT) |
|
477 |
467 |
461 |
762 |
679 |
| Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
444 |
411 |
450 |
739 |
642 |
| Valuation Ratios |
|
- |
- |
- |
- |
- |
| Price to Book Value (P/BV) |
|
0.00 |
0.67 |
0.00 |
0.86 |
1.00 |
| Price to Tangible Book Value (P/TBV) |
|
0.00 |
0.67 |
0.00 |
0.86 |
1.00 |
| Price to Revenue (P/Rev) |
|
5.32 |
5.14 |
3.28 |
3.29 |
3.91 |
| Price to Earnings (P/E) |
|
9.37 |
6.66 |
7.76 |
6.54 |
11.42 |
| Dividend Yield |
|
3.86% |
12.26% |
14.04% |
12.06% |
11.38% |
| Earnings Yield |
|
10.67% |
15.00% |
12.89% |
15.28% |
8.76% |
| Enterprise Value to Invested Capital (EV/IC) |
|
0.00 |
0.82 |
0.00 |
0.89 |
0.96 |
| Enterprise Value to Revenue (EV/Rev) |
|
0.00 |
13.72 |
0.00 |
7.36 |
8.47 |
| Enterprise Value to EBITDA (EV/EBITDA) |
|
0.00 |
25.88 |
0.00 |
15.71 |
20.11 |
| Enterprise Value to EBIT (EV/EBIT) |
|
0.00 |
22.77 |
0.00 |
15.25 |
19.00 |
| Enterprise Value to NOPAT (EV/NOPAT) |
|
0.00 |
21.69 |
0.00 |
15.41 |
17.42 |
| Enterprise Value to Operating Cash Flow (EV/OCF) |
|
0.00 |
0.00 |
0.00 |
10.22 |
80.56 |
| Enterprise Value to Free Cash Flow (EV/FCFF) |
|
0.00 |
0.00 |
0.00 |
0.00 |
30.09 |
| Leverage & Solvency |
|
- |
- |
- |
- |
- |
| Debt to Equity |
|
0.00 |
1.19 |
0.00 |
1.18 |
1.25 |
| Long-Term Debt to Equity |
|
0.00 |
1.19 |
0.00 |
1.18 |
1.25 |
| Financial Leverage |
|
0.00 |
1.19 |
0.00 |
1.18 |
1.21 |
| Leverage Ratio |
|
0.00 |
2.24 |
0.00 |
2.24 |
2.29 |
| Compound Leverage Factor |
|
0.00 |
2.37 |
0.00 |
2.26 |
2.53 |
| Debt to Total Capital |
|
0.00% |
54.38% |
0.00% |
54.03% |
55.61% |
| Short-Term Debt to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
| Long-Term Debt to Total Capital |
|
0.00% |
54.38% |
0.00% |
54.03% |
55.61% |
| Preferred Equity to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
| Noncontrolling Interests to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
| Common Equity to Total Capital |
|
0.00% |
45.62% |
0.00% |
45.97% |
44.39% |
| Debt to EBITDA |
|
0.00 |
17.23 |
0.00 |
9.58 |
11.62 |
| Net Debt to EBITDA |
|
0.00 |
16.18 |
0.00 |
8.68 |
10.83 |
| Long-Term Debt to EBITDA |
|
0.00 |
17.23 |
0.00 |
9.58 |
11.62 |
| Debt to NOPAT |
|
0.00 |
14.44 |
0.00 |
9.39 |
10.06 |
| Net Debt to NOPAT |
|
0.00 |
13.56 |
0.00 |
8.52 |
9.38 |
| Long-Term Debt to NOPAT |
|
0.00 |
14.44 |
0.00 |
9.39 |
10.06 |
| Noncontrolling Interest Sharing Ratio |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
| Liquidity Ratios |
|
- |
- |
- |
- |
- |
| Cash Flow Metrics |
|
- |
- |
- |
- |
- |
| Free Cash Flow to Firm (FCFF) |
|
0.00 |
-12,527 |
451 |
-12,345 |
429 |
| Operating Cash Flow to CapEx |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
| Free Cash Flow to Firm to Interest Expense |
|
0.00 |
-57.17 |
0.00 |
0.00 |
0.00 |
| Operating Cash Flow to Interest Expense |
|
-10.20 |
-5.60 |
0.00 |
0.00 |
0.00 |
| Operating Cash Flow Less CapEx to Interest Expense |
|
-10.20 |
-5.60 |
0.00 |
0.00 |
0.00 |
| Efficiency Ratios |
|
- |
- |
- |
- |
- |
| Asset Turnover |
|
0.00 |
0.06 |
0.00 |
0.12 |
0.11 |
| Fixed Asset Turnover |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
| Invested Capital |
|
0.00 |
13,017 |
0.00 |
13,098 |
13,411 |
| Invested Capital Turnover |
|
0.00 |
0.12 |
0.00 |
0.24 |
0.11 |
| Increase / (Decrease) in Invested Capital |
|
0.00 |
13,017 |
0.00 |
13,098 |
312 |
| Enterprise Value (EV) |
|
0.00 |
10,631 |
0.00 |
11,610 |
12,907 |
| Market Capitalization |
|
3,234 |
3,983 |
3,618 |
5,192 |
5,955 |
| Book Value per Share |
|
$0.00 |
$15.14 |
$0.00 |
$15.45 |
$15.26 |
| Tangible Book Value per Share |
|
$0.00 |
$15.14 |
$0.00 |
$15.45 |
$15.26 |
| Total Capital |
|
0.00 |
13,017 |
0.00 |
13,098 |
13,411 |
| Total Debt |
|
0.00 |
7,079 |
0.00 |
7,077 |
7,458 |
| Total Long-Term Debt |
|
0.00 |
7,079 |
0.00 |
7,077 |
7,458 |
| Net Debt |
|
0.00 |
6,648 |
0.00 |
6,418 |
6,952 |
| Capital Expenditures (CapEx) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| Net Nonoperating Expense (NNE) |
|
130 |
-135 |
0.00 |
-40 |
146 |
| Net Nonoperating Obligations (NNO) |
|
0.00 |
7,079 |
0.00 |
7,077 |
7,458 |
| Total Depreciation and Amortization (D&A) |
|
-33 |
-56 |
-12 |
-23 |
-38 |
| Earnings Adjustments |
|
- |
- |
- |
- |
- |
| Adjusted Basic Earnings per Share |
|
$0.00 |
$0.00 |
$1.18 |
$2.03 |
$1.53 |
| Adjusted Weighted Average Basic Shares Outstanding |
|
0.00 |
0.00 |
394.01M |
390.10M |
390.07M |
| Adjusted Diluted Earnings per Share |
|
$0.00 |
$0.00 |
$1.18 |
$2.03 |
$1.53 |
| Adjusted Weighted Average Diluted Shares Outstanding |
|
0.00 |
0.00 |
394.01M |
390.10M |
390.07M |
| Adjusted Basic & Diluted Earnings per Share |
|
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
| Adjusted Weighted Average Basic & Diluted Shares Outstanding |
|
0.00 |
0.00 |
390.95M |
389.73M |
510.85M |
| Normalized Net Operating Profit after Tax (NOPAT) |
|
517 |
490 |
451 |
754 |
741 |
| Normalized NOPAT Margin |
|
85.15% |
63.24% |
40.94% |
47.78% |
48.64% |
| Pre Tax Income Margin |
|
85.48% |
63.75% |
41.82% |
48.59% |
49.41% |
| Debt Service Ratios |
|
- |
- |
- |
- |
- |
| EBIT to Interest Expense |
|
3.12 |
2.13 |
0.00 |
0.00 |
0.00 |
| NOPAT to Interest Expense |
|
3.38 |
2.24 |
0.00 |
0.00 |
0.00 |
| EBIT Less CapEx to Interest Expense |
|
3.12 |
2.13 |
0.00 |
0.00 |
0.00 |
| NOPAT Less CapEx to Interest Expense |
|
3.38 |
2.24 |
0.00 |
0.00 |
0.00 |
| Payout Ratios |
|
- |
- |
- |
- |
- |
| Dividend Payout Ratio |
|
116.96% |
73.75% |
108.19% |
77.32% |
110.18% |
| Augmented Payout Ratio |
|
155.71% |
74.17% |
113.94% |
81.61% |
110.18% |
Quarterly Metrics And Ratios for Blue Owl Capital
This table displays calculated financial ratios and metrics derived from Blue Owl Capital's official financial filings.
| Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
| Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Revenue Growth |
|
0.00% |
0.00% |
20.44% |
88.86% |
71.45% |
-30.95% |
10.01% |
-0.83% |
2.49% |
-16.71% |
-9.98% |
| EBITDA Growth |
|
365.85% |
0.00% |
28.56% |
47.94% |
30.05% |
-53.05% |
12.05% |
-5.98% |
-0.38% |
-54.53% |
31.59% |
| EBIT Growth |
|
372.57% |
0.00% |
24.02% |
46.84% |
31.58% |
-50.25% |
14.88% |
-1.74% |
-0.55% |
-50.34% |
32.43% |
| NOPAT Growth |
|
471.00% |
0.00% |
32.77% |
49.19% |
29.49% |
-46.14% |
12.50% |
1.32% |
-2.71% |
-17.04% |
39.62% |
| Net Income Growth |
|
0.00% |
0.00% |
269.33% |
673.96% |
-18.30% |
896.28% |
12.35% |
-39.07% |
-31.54% |
-33.57% |
39.81% |
| EPS Growth |
|
0.00% |
0.00% |
372.73% |
655.56% |
-20.90% |
-2.04% |
-9.62% |
-38.00% |
-33.96% |
-16.67% |
4.26% |
| Operating Cash Flow Growth |
|
0.00% |
0.00% |
441.92% |
462.48% |
274.51% |
336.81% |
859.86% |
-246.29% |
-101.97% |
7.76% |
-91.23% |
| Free Cash Flow Firm Growth |
|
0.00% |
0.00% |
0.00% |
0.00% |
29.49% |
0.00% |
104.33% |
98.09% |
-7,212.76% |
99.01% |
-931.15% |
| Invested Capital Growth |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
-2.91% |
3.34% |
0.00% |
2.38% |
38.61% |
| Revenue Q/Q Growth |
|
-12.54% |
212.97% |
-66.02% |
57.39% |
2.43% |
26.04% |
-45.86% |
41.87% |
5.87% |
2.43% |
-14.39% |
| EBITDA Q/Q Growth |
|
27.27% |
171.21% |
-60.60% |
19.46% |
1.89% |
-2.09% |
-5.98% |
0.23% |
7.97% |
-55.31% |
187.36% |
| EBIT Q/Q Growth |
|
27.74% |
163.99% |
-60.05% |
19.46% |
4.44% |
-0.19% |
-7.75% |
2.18% |
5.71% |
-50.16% |
159.26% |
| NOPAT Q/Q Growth |
|
21.71% |
180.93% |
-60.60% |
14.91% |
1.81% |
16.85% |
-17.70% |
3.48% |
-2.23% |
-0.36% |
38.50% |
| Net Income Q/Q Growth |
|
120.09% |
-91.93% |
658.31% |
23.47% |
8.11% |
-1.58% |
-14.49% |
-33.04% |
21.47% |
-4.50% |
79.98% |
| EPS Q/Q Growth |
|
844.44% |
-26.87% |
6.12% |
-3.85% |
6.00% |
-9.43% |
-2.08% |
-34.04% |
12.90% |
14.29% |
22.50% |
| Operating Cash Flow Q/Q Growth |
|
-45.87% |
98.30% |
-51.16% |
973.02% |
-63.96% |
131.28% |
7.33% |
-263.54% |
99.51% |
12,740.39% |
-91.27% |
| Free Cash Flow Firm Q/Q Growth |
|
0.00% |
-100.00% |
0.00% |
2.65% |
101.49% |
-6,875.16% |
104.42% |
-142.86% |
-5,441.76% |
-169.12% |
-3,600.97% |
| Invested Capital Q/Q Growth |
|
0.00% |
0.00% |
0.00% |
-2.44% |
-100.00% |
0.00% |
-1.41% |
3.83% |
2.19% |
0.00% |
33.48% |
| Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| EBITDA Margin |
|
62.99% |
54.59% |
63.28% |
48.03% |
47.78% |
37.12% |
64.46% |
45.54% |
46.44% |
20.26% |
68.01% |
| EBIT Margin |
|
64.59% |
54.48% |
64.04% |
48.61% |
49.57% |
39.25% |
66.87% |
48.17% |
48.09% |
23.40% |
70.87% |
| Profit (Net Income) Margin |
|
111.28% |
2.87% |
64.04% |
50.24% |
53.03% |
41.41% |
65.40% |
30.87% |
35.42% |
33.03% |
69.43% |
| Tax Burden Percent |
|
178.89% |
5.20% |
100.00% |
106.09% |
112.48% |
96.11% |
97.08% |
63.81% |
78.77% |
76.77% |
97.96% |
| Interest Burden Percent |
|
96.32% |
101.39% |
100.00% |
97.42% |
95.11% |
109.77% |
100.74% |
100.45% |
93.50% |
183.82% |
100.00% |
| Effective Tax Rate |
|
1.08% |
0.00% |
0.00% |
1.26% |
1.42% |
0.00% |
2.79% |
1.26% |
1.89% |
0.24% |
2.04% |
| Return on Invested Capital (ROIC) |
|
0.00% |
0.00% |
11.03% |
9.61% |
0.00% |
10.38% |
8.01% |
5.79% |
10.36% |
4.93% |
6.68% |
| ROIC Less NNEP Spread (ROIC-NNEP) |
|
0.00% |
0.00% |
11.03% |
10.01% |
0.00% |
10.13% |
8.00% |
4.86% |
9.42% |
4.35% |
6.68% |
| Return on Net Nonoperating Assets (RNNOA) |
|
0.00% |
0.00% |
13.77% |
11.82% |
0.00% |
11.91% |
9.56% |
5.88% |
12.23% |
5.28% |
8.27% |
| Return on Equity (ROE) |
|
0.00% |
0.00% |
24.80% |
21.43% |
0.00% |
22.29% |
17.57% |
11.67% |
22.60% |
10.21% |
14.95% |
| Cash Return on Invested Capital (CROIC) |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
-188.49% |
8.99% |
2.74% |
-188.47% |
3.24% |
-27.08% |
| Operating Return on Assets (OROA) |
|
0.00% |
0.00% |
5.36% |
4.84% |
0.00% |
4.58% |
7.94% |
5.65% |
5.49% |
2.60% |
6.63% |
| Return on Assets (ROA) |
|
0.00% |
0.00% |
5.36% |
5.00% |
0.00% |
4.83% |
7.76% |
3.62% |
4.05% |
3.68% |
6.49% |
| Return on Common Equity (ROCE) |
|
0.00% |
0.00% |
24.80% |
21.43% |
0.00% |
22.29% |
17.57% |
11.67% |
22.60% |
10.21% |
14.95% |
| Return on Equity Simple (ROE_SIMPLE) |
|
0.00% |
0.00% |
9.63% |
13.54% |
0.00% |
0.00% |
13.49% |
12.26% |
11.18% |
0.00% |
8.63% |
| Net Operating Profit after Tax (NOPAT) |
|
147 |
412 |
162 |
187 |
190 |
222 |
183 |
189 |
185 |
184 |
255 |
| NOPAT Margin |
|
61.54% |
55.24% |
64.04% |
46.76% |
46.48% |
43.09% |
65.49% |
47.77% |
44.12% |
42.92% |
69.43% |
| Net Nonoperating Expense Percent (NNEP) |
|
0.00% |
0.00% |
0.00% |
-0.40% |
0.00% |
0.24% |
0.00% |
0.93% |
0.94% |
0.58% |
0.00% |
| SG&A Expenses to Revenue |
|
13.05% |
0.00% |
14.87% |
9.92% |
9.86% |
8.19% |
13.89% |
10.13% |
9.36% |
9.10% |
0.00% |
| Operating Expenses to Revenue |
|
35.41% |
45.52% |
35.96% |
51.39% |
50.43% |
60.75% |
33.13% |
51.83% |
51.91% |
76.60% |
29.13% |
| Earnings before Interest and Taxes (EBIT) |
|
154 |
407 |
162 |
194 |
203 |
202 |
187 |
191 |
202 |
100 |
260 |
| Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
150 |
407 |
161 |
192 |
195 |
191 |
180 |
180 |
195 |
87 |
250 |
| Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Price to Book Value (P/BV) |
|
0.00 |
0.00 |
0.69 |
0.75 |
0.00 |
0.86 |
0.92 |
0.95 |
0.93 |
1.00 |
0.75 |
| Price to Tangible Book Value (P/TBV) |
|
0.00 |
0.00 |
0.69 |
0.75 |
0.00 |
0.86 |
0.92 |
0.95 |
0.93 |
1.00 |
0.75 |
| Price to Revenue (P/Rev) |
|
0.00 |
3.28 |
3.54 |
3.33 |
3.14 |
3.29 |
3.47 |
3.56 |
3.46 |
3.91 |
3.89 |
| Price to Earnings (P/E) |
|
0.00 |
7.76 |
6.58 |
5.28 |
6.07 |
6.54 |
7.18 |
8.13 |
8.85 |
11.42 |
10.07 |
| Dividend Yield |
|
13.85% |
14.04% |
13.11% |
12.68% |
12.69% |
12.06% |
11.84% |
11.75% |
12.24% |
11.38% |
11.53% |
| Earnings Yield |
|
0.00% |
12.89% |
15.20% |
18.94% |
16.47% |
15.28% |
13.94% |
12.30% |
11.31% |
8.76% |
9.93% |
| Enterprise Value to Invested Capital (EV/IC) |
|
0.00 |
0.00 |
0.83 |
0.86 |
0.00 |
0.89 |
0.91 |
0.95 |
0.94 |
0.96 |
0.86 |
| Enterprise Value to Revenue (EV/Rev) |
|
0.00 |
0.00 |
9.64 |
8.32 |
0.00 |
7.36 |
7.35 |
7.96 |
7.97 |
8.47 |
10.40 |
| Enterprise Value to EBITDA (EV/EBITDA) |
|
0.00 |
0.00 |
22.76 |
20.28 |
0.00 |
15.71 |
15.52 |
17.05 |
17.19 |
20.11 |
21.97 |
| Enterprise Value to EBIT (EV/EBIT) |
|
0.00 |
0.00 |
22.42 |
20.02 |
0.00 |
15.25 |
14.98 |
16.28 |
16.42 |
19.00 |
20.75 |
| Enterprise Value to NOPAT (EV/NOPAT) |
|
0.00 |
0.00 |
22.07 |
19.73 |
0.00 |
15.41 |
14.87 |
16.03 |
16.23 |
17.42 |
18.96 |
| Enterprise Value to Operating Cash Flow (EV/OCF) |
|
0.00 |
0.00 |
39.86 |
16.20 |
0.00 |
10.22 |
7.68 |
41.00 |
100.11 |
80.56 |
0.00 |
| Enterprise Value to Free Cash Flow (EV/FCFF) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
9.99 |
35.24 |
0.00 |
30.09 |
0.00 |
| Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Debt to Equity |
|
0.00 |
0.00 |
1.25 |
1.18 |
0.00 |
1.18 |
1.14 |
1.24 |
1.30 |
1.25 |
1.31 |
| Long-Term Debt to Equity |
|
0.00 |
0.00 |
1.25 |
1.18 |
0.00 |
1.18 |
1.14 |
1.24 |
1.30 |
1.25 |
1.31 |
| Financial Leverage |
|
0.00 |
0.00 |
1.25 |
1.18 |
0.00 |
1.18 |
1.19 |
1.21 |
1.30 |
1.21 |
1.24 |
| Leverage Ratio |
|
0.00 |
0.00 |
2.31 |
2.25 |
0.00 |
2.24 |
2.26 |
2.28 |
2.36 |
2.29 |
2.30 |
| Compound Leverage Factor |
|
0.00 |
0.00 |
2.31 |
2.19 |
0.00 |
2.46 |
2.28 |
2.29 |
2.21 |
4.20 |
2.30 |
| Debt to Total Capital |
|
0.00% |
0.00% |
55.51% |
54.15% |
0.00% |
54.03% |
53.32% |
55.30% |
56.49% |
55.61% |
56.76% |
| 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% |
0.00% |
| Long-Term Debt to Total Capital |
|
0.00% |
0.00% |
55.51% |
54.15% |
0.00% |
54.03% |
53.32% |
55.30% |
56.49% |
55.61% |
56.76% |
| 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% |
0.00% |
| Noncontrolling Interests to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
| Common Equity to Total Capital |
|
0.00% |
0.00% |
44.49% |
45.85% |
0.00% |
45.97% |
46.68% |
44.70% |
43.51% |
44.39% |
43.24% |
| Debt to EBITDA |
|
0.00 |
0.00 |
15.22 |
12.84 |
0.00 |
9.58 |
9.08 |
9.93 |
10.37 |
11.62 |
14.48 |
| Net Debt to EBITDA |
|
0.00 |
0.00 |
14.41 |
12.17 |
0.00 |
8.68 |
8.20 |
9.42 |
9.73 |
10.83 |
13.75 |
| Long-Term Debt to EBITDA |
|
0.00 |
0.00 |
15.22 |
12.84 |
0.00 |
9.58 |
9.08 |
9.93 |
10.37 |
11.62 |
14.48 |
| Debt to NOPAT |
|
0.00 |
0.00 |
14.75 |
12.49 |
0.00 |
9.39 |
8.69 |
9.33 |
9.80 |
10.06 |
12.49 |
| Net Debt to NOPAT |
|
0.00 |
0.00 |
13.97 |
11.83 |
0.00 |
8.52 |
7.85 |
8.86 |
9.19 |
9.38 |
11.86 |
| Long-Term Debt to NOPAT |
|
0.00 |
0.00 |
14.75 |
12.49 |
0.00 |
9.39 |
8.69 |
9.33 |
9.80 |
10.06 |
12.49 |
| Noncontrolling Interest Sharing Ratio |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
| Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Free Cash Flow to Firm (FCFF) |
|
147 |
0.00 |
-13,138 |
-12,789 |
190 |
-12,876 |
569 |
-244 |
-13,518 |
-128 |
-4,730 |
| Operating Cash Flow to CapEx |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
| Free Cash Flow to Firm to Interest Expense |
|
1.81 |
0.00 |
-126.38 |
0.00 |
0.00 |
0.00 |
4.78 |
0.00 |
0.00 |
0.00 |
-31.85 |
| Operating Cash Flow to Interest Expense |
|
0.59 |
0.00 |
0.45 |
0.00 |
0.00 |
0.00 |
3.73 |
0.00 |
0.00 |
0.00 |
0.26 |
| Operating Cash Flow Less CapEx to Interest Expense |
|
0.59 |
0.00 |
0.45 |
0.00 |
0.00 |
0.00 |
3.73 |
0.00 |
0.00 |
0.00 |
0.26 |
| Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Asset Turnover |
|
0.00 |
0.00 |
0.08 |
0.10 |
0.00 |
0.12 |
0.12 |
0.12 |
0.11 |
0.11 |
0.09 |
| Fixed Asset Turnover |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Invested Capital |
|
0.00 |
0.00 |
13,301 |
12,976 |
0.00 |
13,098 |
12,914 |
13,409 |
13,703 |
13,411 |
17,900 |
| Invested Capital Turnover |
|
0.00 |
0.00 |
0.17 |
0.21 |
0.00 |
0.24 |
0.12 |
0.12 |
0.23 |
0.11 |
0.10 |
| Increase / (Decrease) in Invested Capital |
|
0.00 |
0.00 |
13,301 |
12,976 |
0.00 |
13,098 |
-386 |
433 |
13,703 |
312 |
4,986 |
| Enterprise Value (EV) |
|
0.00 |
0.00 |
11,045 |
11,103 |
0.00 |
11,610 |
11,772 |
12,735 |
12,826 |
12,907 |
15,423 |
| Market Capitalization |
|
3,527 |
3,618 |
4,054 |
4,442 |
4,718 |
5,192 |
5,554 |
5,698 |
5,564 |
5,955 |
5,773 |
| Book Value per Share |
|
$0.00 |
$0.00 |
$15.14 |
$15.26 |
$0.00 |
$15.45 |
$15.47 |
$15.38 |
$15.28 |
$15.26 |
$15.15 |
| Tangible Book Value per Share |
|
$0.00 |
$0.00 |
$15.14 |
$15.26 |
$0.00 |
$15.45 |
$15.47 |
$15.38 |
$15.28 |
$15.26 |
$15.15 |
| Total Capital |
|
0.00 |
0.00 |
13,301 |
12,976 |
0.00 |
13,098 |
12,914 |
13,409 |
13,703 |
13,411 |
17,900 |
| Total Debt |
|
0.00 |
0.00 |
7,383 |
7,027 |
0.00 |
7,077 |
6,886 |
7,415 |
7,741 |
7,458 |
10,161 |
| Total Long-Term Debt |
|
0.00 |
0.00 |
7,383 |
7,027 |
0.00 |
7,077 |
6,886 |
7,415 |
7,741 |
7,458 |
10,161 |
| Net Debt |
|
0.00 |
0.00 |
6,990 |
6,661 |
0.00 |
6,418 |
6,219 |
7,037 |
7,262 |
6,952 |
9,649 |
| Capital Expenditures (CapEx) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| Net Nonoperating Expense (NNE) |
|
-119 |
391 |
0.00 |
-14 |
-27 |
8.65 |
0.25 |
67 |
36 |
42 |
0.00 |
| Net Nonoperating Obligations (NNO) |
|
0.00 |
0.00 |
7,383 |
7,027 |
0.00 |
7,077 |
6,886 |
7,415 |
7,741 |
7,458 |
10,161 |
| Total Depreciation and Amortization (D&A) |
|
-3.80 |
0.83 |
-1.92 |
-2.30 |
-7.30 |
-11 |
-6.74 |
-10 |
-6.91 |
-13 |
-11 |
| Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Adjusted Basic Earnings per Share |
|
$0.00 |
$0.49 |
$0.52 |
$0.50 |
$0.53 |
$0.48 |
$0.47 |
$0.31 |
$0.35 |
$0.40 |
$0.49 |
| Adjusted Weighted Average Basic Shares Outstanding |
|
0.00 |
394.01M |
391.05M |
389.93M |
389.70M |
390.10M |
389.73M |
390.10M |
390.22M |
390.07M |
494.83M |
| Adjusted Diluted Earnings per Share |
|
$0.00 |
$0.49 |
$0.52 |
$0.50 |
$0.53 |
$0.48 |
$0.47 |
$0.31 |
$0.35 |
$0.40 |
$0.49 |
| Adjusted Weighted Average Diluted Shares Outstanding |
|
0.00 |
394.01M |
391.05M |
389.93M |
389.70M |
390.10M |
389.73M |
390.10M |
390.22M |
390.07M |
494.83M |
| 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 |
$0.00 |
| Adjusted Weighted Average Basic & Diluted Shares Outstanding |
|
0.00 |
390.95M |
389.80M |
389.73M |
389.73M |
389.73M |
389.73M |
390.22M |
390.22M |
510.85M |
511.05M |
| Normalized Net Operating Profit after Tax (NOPAT) |
|
147 |
289 |
113 |
187 |
190 |
155 |
183 |
189 |
185 |
184 |
251 |
| Normalized NOPAT Margin |
|
61.54% |
38.67% |
44.50% |
46.76% |
46.48% |
30.16% |
65.49% |
47.77% |
44.12% |
42.92% |
68.36% |
| Pre Tax Income Margin |
|
62.21% |
55.24% |
64.04% |
47.35% |
47.14% |
43.09% |
67.37% |
48.38% |
44.97% |
43.02% |
70.87% |
| Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| EBIT to Interest Expense |
|
1.90 |
0.00 |
1.56 |
0.00 |
0.00 |
0.00 |
1.57 |
0.00 |
0.00 |
0.00 |
1.75 |
| NOPAT to Interest Expense |
|
1.81 |
0.00 |
1.56 |
0.00 |
0.00 |
0.00 |
1.53 |
0.00 |
0.00 |
0.00 |
1.72 |
| EBIT Less CapEx to Interest Expense |
|
1.90 |
0.00 |
1.56 |
0.00 |
0.00 |
0.00 |
1.57 |
0.00 |
0.00 |
0.00 |
1.75 |
| NOPAT Less CapEx to Interest Expense |
|
1.81 |
0.00 |
1.56 |
0.00 |
0.00 |
0.00 |
1.53 |
0.00 |
0.00 |
0.00 |
1.72 |
| Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Dividend Payout Ratio |
|
0.00% |
108.19% |
91.88% |
68.74% |
77.62% |
77.32% |
78.15% |
87.01% |
97.72% |
110.18% |
98.54% |
| Augmented Payout Ratio |
|
0.00% |
113.94% |
100.31% |
74.95% |
84.23% |
81.61% |
79.62% |
87.01% |
97.72% |
110.18% |
98.54% |
Key Financial Trends
Blue Owl Capital (NYSE: OBDC) has shown notable financial trends over the past four years, displaying steady revenue growth, improving profitability, and stable balance sheet management.
Positive Financial Highlights:
- Total revenue increased significantly from approximately $238.5 million in Q3 2022 to $367.5 million in Q1 2025, reflecting strong business expansion.
- Net income attributable to common shareholders rose from $206.9 million in Q3 2023 to $242.6 million in Q1 2025, with EPS improving from $0.35 to $0.49 diluted earnings per share over this period.
- Net interest income grew, reaching $310.5 million in Q1 2025 from $232.8 million in Q3 2022, indicating effective management of earning assets and liabilities.
- Operating cash flow remained strong and positive, with $105.8 million generated in Q1 2025, supporting the company’s operational needs and investments.
- Common equity increased from around $5.95 billion in Q2 2023 to about $7.74 billion in Q1 2025, showing enhanced capital base strength.
- Total assets rose from $13.39 billion in Q2 2023 to $18.38 billion in Q1 2025, indicating asset growth and expanded business scale.
- Dividends paid have increased modestly, pointing to a shareholder-friendly capital return policy.
Neutral Observations:
- Non-interest income is somewhat volatile, with swings from negative in some quarters to moderately positive in others, mostly affected by realized and unrealized capital gains/losses.
- Issuance and repayment of debt have both been significant in recent quarters, reflecting active management of the company’s debt structure but maintaining balance.
- Cash and due from banks fluctuated moderately, holding a mid-range balance that supports liquidity.
Negative Factors to Consider:
- Total non-interest expenses have consistently increased, reaching $107 million in Q1 2025 from $84.5 million in Q3 2022, which may pressure margins if not controlled.
- Net realized and unrealized capital losses impacted some quarters, such as -$81.5 million in Q4 2024 and -$7 million in Q2 2024, adding volatility to earnings.
- Cash interest paid has risen substantially, reaching $198.2 million in Q1 2025 from $76.1 million in Q3 2022, reflecting higher interest costs likely due to increased borrowings.
Overall, Blue Owl Capital has demonstrated robust growth in revenue and earnings with a strengthening capital base. Investors should note the rising non-interest expenses and interest costs that could affect future profitability if trends continue. The company’s active capital and debt management contribute to its financial flexibility, though volatility in investment gains/losses remains a factor to watch.
10/24/25 10:38 AM ETAI Generated. May Contain Errors.