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 demonstrated steady financial performance over the past year, with several key trends visible from Q1 2024 through Q1 2025.
Income Statement Trends:
- Net interest income in Q1 2025 was $310.5 million, up from $280.4 million in Q1 2024, showing growth in core interest-earning activities.
- Consolidated net income attributable to common shareholders increased substantially to $242.6 million in Q1 2025 compared to $182.5 million in Q1 2024, indicating improved profitability.
- Diluted earnings per share rose to $0.49 in Q1 2025 from $0.47 in Q1 2024, reflecting earnings growth on a per-share basis despite a higher share count due to equity issuance.
- Total revenue increased to $367.5 million in Q1 2025 from $279.1 million in Q1 2024, driven by higher interest income and positive capital gains.
- Total non-interest expense rose notably to $107.1 million in Q1 2025 from $92.4 million in Q1 2024, suggesting higher operating costs that may pressure margins if unchecked.
- Net realized and unrealized capital gains on investments were $51.4 million in Q1 2025, a significant improvement from losses of $6.9 million in Q1 2024, positively impacting non-interest income.
Cash Flow Statement Highlights:
- Net cash from continuing operating activities remained strong at $105.8 million in Q1 2025, supporting ongoing business operations effectively.
- Net cash from investing activities was flat at zero in Q1 2025, consistent with the prior year, indicating stable investment levels.
- Net cash used in financing activities was $41.9 million in Q1 2025, compared with a cash outflow of $361.0 million in Q1 2024, the reduction stemming from larger issuance and repayment of debt as well as dividends paid.
Balance Sheet Developments:
- Total assets increased to $18.4 billion in Q1 2025 from $13.3 billion in Q1 2024, illustrating growth in the company’s asset base primarily driven by trading account securities which rose to $17.7 billion from $12.4 billion.
- Long-term debt climbed to $10.2 billion in Q1 2025 from $6.9 billion in Q1 2024, indicating increased leverage that investors should monitor for refinancing risk and interest costs.
- Total common equity grew to $7.7 billion in Q1 2025 from $6.0 billion in Q1 2024, reflecting retained earnings and equity issuances which support financial stability.
Overall Analysis:
Blue Owl Capital is showing solid earnings growth marked by rising net interest income and improved capital gains. The increase in operating expenses and leverage are factors to watch, though the firm's expanding asset base and healthy operating cash flow offer a firm foundation. Earnings per share growth alongside increased equity capital reflect the company's ability to scale and absorb dilution.
Investors should consider both the benefits of business growth and the risks associated with elevated expenses and debt levels when evaluating Blue Owl Capital.
08/23/25 06:52 AMAI Generated. May Contain Errors.