Blue Owl Capital (OWL) Financials

$19.35 +0.51 (+2.72%)

Closing price 08/4/2025 03:59 PM Eastern

Extended Trading

$19.39 +0.04 (+0.19%)

As of 08:52 AM Eastern

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.

Metric	2019	2020	2021	2022	2023	2024
Period end date	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	23	-78	-376	-9.29	54	110
Consolidated Net Income / (Loss)	20	-82	-1,802	-40	221	420
Net Income / (Loss) Continuing Operations	20	-82	-1,802	-40	221	420
Total Pre-Tax Income	21	-83	-1,867	-50	246	469
Total Operating Income	27	-59	-927	-2.48	318	607
Total Gross Profit	79	9.08	-673	475	861	1,278
Total Revenue	191	250	824	1,370	1,732	2,295
Operating Revenue	191	250	824	1,370	1,732	2,295
Total Cost of Revenue	112	241	1,497	895	871	1,017
Operating Cost of Revenue	112	241	1,497	895	871	1,017
Total Operating Expenses	52	68	254	478	543	671
Selling, General & Admin Expense	52	68	140	221	243	413
Amortization Expense	0.00	0.00	114	257	300	258
Total Other Income / (Expense), net	-6.66	-24	-940	-47	-71	-138
Interest Expense	6.66	24	45	60	76	122
Interest & Investment Income	-	0.00	-3.14	4.23	26	44
Other Income / (Expense), net	0.00	0.00	-892	8.71	-22	-60
Income Tax Expense	0.24	-0.10	-65	-9.38	26	49
Net Income / (Loss) Attributable to Noncontrolling Interest	-2.49	-4.61	-1,426	-31	166	311
Basic Earnings per Share	$0.00	$0.00	$0.00	($0.02)	$0.12	$0.20
Weighted Average Basic Shares Outstanding	0.00	0.00	0.00	433.43M	463.23M	549.01M
Diluted Earnings per Share	$0.00	$0.00	$0.00	($0.02)	$0.10	$0.20
Weighted Average Diluted Shares Outstanding	0.00	0.00	0.00	433.43M	478.01M	558.43M
Weighted Average Basic & Diluted Shares Outstanding	-	-	1.40B	1.41B	1.43B	1.54B
Cash Dividends to Common per Share	$0.00	$0.00	$0.13	$0.43	$0.55	$0.68

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
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Income / (Loss) Attributable to Common Shareholders	2.06	1.59	8.32	13	15	18	25	34	30	21	7.43
Consolidated Net Income / (Loss)	-10	1.76	42	34	64	81	112	138	99	71	37
Net Income / (Loss) Continuing Operations	-10	1.76	42	34	64	81	112	138	99	71	37
Total Pre-Tax Income	-14	-4.13	48	39	74	84	127	156	112	74	40
Total Operating Income	2.43	28	66	41	93	117	156	173	140	139	77
Total Gross Profit	136	148	193	209	216	243	289	323	330	337	358
Total Revenue	371	396	391	417	430	494	513	550	601	631	683
Operating Revenue	371	396	391	417	430	494	513	550	601	631	683
Total Cost of Revenue	235	248	198	208	214	251	225	227	271	294	326
Operating Cost of Revenue	235	248	198	208	214	251	225	227	271	294	326
Total Operating Expenses	134	120	127	167	122	127	133	150	190	198	280
Selling, General & Admin Expense	68	55	56	51	65	70	77	93	121	121	191
Amortization Expense	66	65	71	116	57	57	56	57	69	77	89
Total Other Income / (Expense), net	-17	-32	-18	-1.82	-19	-32	-29	-16	-28	-65	-37
Interest Expense	15	17	18	19	20	18	22	33	34	33	39
Interest & Investment Income	-0.59	4.94	5.40	8.64	4.46	7.88	7.93	16	16	3.59	3.53
Other Income / (Expense), net	-0.91	-20	-4.91	8.72	-4.09	-22	-14	0.00	-9.51	-36	-1.96
Income Tax Expense	-4.09	-5.89	6.44	5.40	11	3.11	15	18	13	3.02	3.67
Net Income / (Loss) Attributable to Noncontrolling Interest	-12	0.16	34	21	48	63	87	104	70	50	29
Basic Earnings per Share	$0.00	$0.01	$0.02	$0.03	$0.03	$0.04	$0.05	$0.06	$0.05	$0.04	$0.01
Weighted Average Basic Shares Outstanding	441.49M	433.43M	456.19M	459.40M	466.38M	463.23M	488.44M	530.10M	575.25M	549.01M	625.85M
Diluted Earnings per Share	$0.00	$0.01	$0.02	$0.02	$0.03	$0.03	$0.04	$0.06	$0.04	$0.06	$0.00
Weighted Average Diluted Shares Outstanding	1.41B	433.43M	461.91M	1.43B	482.57M	478.01M	498.74M	539.39M	1.49B	558.43M	638.49M
Weighted Average Basic & Diluted Shares Outstanding	1.39B	1.41B	1.41B	1.41B	1.41B	1.43B	1.43B	1.46B	1.49B	1.54B	1.55B
Cash Dividends to Common per Share	$0.11	-	$0.13	$0.14	$0.14	-	$0.14	$0.18	$0.18	-	$0.18

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	2019	2020	2021	2022	2023	2024
Period end date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	-0.12	4.29	31	26	36	48
Net Cash From Operating Activities	44	5.23	282	728	949	1,000
Net Cash From Continuing Operating Activities	44	5.23	282	728	949	1,000
Net Income / (Loss) Continuing Operations	20	-82	-1,802	-40	221	420
Consolidated Net Income / (Loss)	20	-82	-1,802	-40	221	420
Depreciation Expense	0.83	0.67	0.67	2.30	10	17
Amortization Expense	0.23	0.79	117	261	305	265
Non-Cash Adjustments To Reconcile Net Income	0.00	0.00	1,272	437	379	354
Changes in Operating Assets and Liabilities, net	23	86	694	68	34	-57
Net Cash From Investing Activities	-1.17	-0.65	-1,599	-485	-118	-638
Net Cash From Continuing Investing Activities	-1.17	-0.65	-1,599	-485	-118	-638
Purchase of Property, Plant & Equipment	-1.17	-0.65	-5.26	-66	-68	-64
Acquisitions	0.00	0.00	-1,579	-114	-26	-445
Purchase of Investments	0.00	-30	-329	-309	-86	-378
Sale and/or Maturity of Investments	0.00	30	314	3.88	62	250
Net Cash From Financing Activities	-43	-0.30	1,348	-218	-795	-313
Net Cash From Continuing Financing Activities	-43	-0.30	1,348	-218	-795	-313
Repayment of Debt	-88	-172	-596	-331	-1,006	-1,270
Repurchase of Common Equity	0.00	0.00	-126	-79	0.00	-0.27
Payment of Dividends	-320	-78	-583	-608	-794	-1,104
Issuance of Debt	345	241	1,390	775	1,055	2,170
Issuance of Common Equity	0.00	9.26	16	27	48	38
Other Financing Activities, net	20	0.00	1,247	-2.27	-98	-147
Cash Interest Paid	2.70	23	25	48	72	101
Cash Income Taxes Paid	0.36	0.14	4.35	4.78	14	22

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
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Change in Cash & Equivalents	-9.20	29	-30	3.41	35	27	52	281	-321	36	-54
Net Cash From Operating Activities	207	276	121	238	282	308	47	302	326	324	18
Net Cash From Continuing Operating Activities	207	276	121	238	282	308	47	302	326	324	18
Net Income / (Loss) Continuing Operations	-10	1.76	42	34	64	81	112	138	99	71	37
Consolidated Net Income / (Loss)	-10	1.76	42	34	64	81	112	138	99	71	37
Depreciation Expense	0.24	1.61	1.92	2.58	2.90	2.82	2.81	3.96	4.94	4.95	5.56
Amortization Expense	67	66	72	117	58	58	58	59	71	79	91
Non-Cash Adjustments To Reconcile Net Income	123	130	82	83	95	119	97	49	87	122	172
Changes in Operating Assets and Liabilities, net	26	77	-77	1.82	62	47	-222	53	64	48	-288
Net Cash From Investing Activities	-171	-139	-34	-23	-37	-24	-15	-135	-442	-46	-197
Net Cash From Continuing Investing Activities	-171	-139	-34	-23	-37	-24	-15	-135	-442	-46	-197
Purchase of Property, Plant & Equipment	-14	-24	-5.67	-10	-19	-34	-6.14	-33	-11	-14	-13
Acquisitions	-	-	-	-	-26	-0.02	-	-	-407	-9.80	-205
Purchase of Investments	-158	-116	-38	-12	-18	-18	-13	-274	-23	-68	-22
Sale and/or Maturity of Investments	0.85	0.85	9.00	-0.36	26	28	3.75	200	0.08	46	43
Net Cash From Financing Activities	-45	-108	-117	-212	-209	-257	20	113	-205	-242	125
Net Cash From Continuing Financing Activities	-45	-108	-117	-212	-209	-257	20	113	-205	-242	125
Repayment of Debt	-76	-94	-215	-266	-225	-301	-330	-845	-5.08	-90	-360
Payment of Dividends	-155	-170	-187	-200	-203	-204	-270	-268	-280	-285	-378
Issuance of Debt	188	192	355	250	215	235	720	1,230	90	130	960
Issuance of Common Equity	8.16	8.64	8.93	13	10	17	15	7.65	7.45	8.27	9.24
Other Financing Activities, net	-0.44	-0.52	-78	-8.67	-6.38	-4.26	-115	-11	-17	-3.96	-107
Cash Interest Paid	9.29	20	11	24	12	24	11	29	9.89	52	13
Cash Income Taxes Paid	2.74	0.16	1.83	7.42	4.63	0.37	5.08	8.33	4.87	3.87	5.21

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	2020	2021	2022	2023	2024
Period end date	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	122	8,266	8,893	8,818	10,992
Total Current Assets	12	43	426	471	701
Cash & Equivalents	12	43	68	104	152
Accounts Receivable	-	-	358	367	549
Plant, Property, & Equipment, net	0.00	0.00	0.00	0.00	0.00
Total Noncurrent Assets	110	8,224	8,467	8,346	10,292
Long-Term Investments	-	12	317	344	487
Goodwill	0.00	4,132	4,205	4,224	4,699
Intangible Assets	0.00	2,611	2,405	2,110	2,903
Noncurrent Deferred & Refundable Income Taxes	0.80	636	757	782	1,245
Other Noncurrent Operating Assets	109	832	782	886	957
Total Liabilities & Shareholders' Equity	122	8,266	8,893	8,818	10,992
Total Liabilities	623	2,419	3,344	3,540	5,186
Total Current Liabilities	58	68	127	139	166
Accounts Payable	58	68	127	139	166
Total Noncurrent Liabilities	564	2,350	3,218	3,401	5,020
Long-Term Debt	356	1,174	1,625	1,681	2,588
Noncurrent Deferred & Payable Income Tax Liabilities	0.00	49	42	34	37
Noncurrent Employee Benefit Liabilities	208	156	310	371	424
Other Noncurrent Operating Liabilities	0.00	972	1,241	1,315	1,971
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	-501	5,848	5,549	5,278	5,806
Total Preferred & Common Equity	0.00	1,664	1,605	1,528	2,128
Total Common Equity	0.00	1,664	1,605	1,528	2,128
Common Stock	0.00	2,161	2,294	2,411	3,269
Retained Earnings	0.00	-498	-689	-883	-1,142
Noncontrolling Interest	-501	4,184	3,944	3,750	3,678

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	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025
Total Assets	8,792	8,763	8,752	8,771	8,985	9,661	10,752	12,286
Total Current Assets	40	38	377	423	540	873	641	763
Cash & Equivalents	40	38	41	77	156	437	116	98
Accounts Receivable	-	-	336	346	384	436	526	665
Plant, Property, & Equipment, net	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Noncurrent Assets	8,753	8,725	8,374	8,348	8,446	8,788	10,110	11,524
Long-Term Investments	201	347	362	353	358	431	456	466
Goodwill	4,205	4,205	4,205	4,225	4,224	4,298	4,704	5,624
Intangible Assets	2,470	2,335	2,219	2,168	2,054	2,105	2,974	3,158
Noncurrent Deferred & Refundable Income Taxes	733	746	760	765	930	1,047	1,042	1,261
Other Noncurrent Operating Assets	1,143	1,093	829	837	880	906	933	1,013
Total Liabilities & Shareholders' Equity	8,792	8,763	8,752	8,771	8,985	9,661	10,752	12,286
Total Liabilities	3,157	3,294	3,380	3,453	3,814	4,442	4,873	5,857
Total Current Liabilities	147	156	134	136	152	150	207	233
Accounts Payable	147	156	134	136	152	150	207	233
Total Noncurrent Liabilities	3,010	3,137	3,247	3,317	3,662	4,292	4,666	5,624
Long-Term Debt	1,526	1,766	1,755	1,746	2,072	2,459	2,548	3,190
Noncurrent Deferred & Payable Income Tax Liabilities	41	40	36	36	33	34	41	40
Noncurrent Employee Benefit Liabilities	246	145	217	290	157	224	340	235
Other Noncurrent Operating Liabilities	1,197	1,187	1,238	1,245	1,400	1,576	1,737	2,158
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	5,635	5,469	5,372	5,318	5,172	5,218	5,879	6,429
Total Preferred & Common Equity	1,655	1,590	1,571	1,542	1,646	1,747	2,004	2,336
Total Common Equity	1,655	1,590	1,571	1,542	1,646	1,747	2,004	2,336
Common Stock	2,293	2,329	2,360	2,379	2,569	2,730	3,058	3,580
Retained Earnings	-638	-739	-789	-837	-923	-983	-1,054	-1,244
Noncontrolling Interest	3,980	3,880	3,800	3,776	3,525	3,471	3,875	4,094

This table displays calculated financial ratios and metrics derived from Blue Owl Capital's official financial filings.

Metric	2019	2020	2021	2022	2023	2024
Period end date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-
Revenue Growth	0.00%	30.90%	229.80%	66.25%	26.42%	32.56%
EBITDA Growth	0.00%	-301.50%	-2,870.17%	115.86%	126.54%	35.68%
EBIT Growth	0.00%	-314.59%	-2,997.45%	100.34%	4,647.93%	85.06%
NOPAT Growth	0.00%	-251.98%	-1,478.94%	99.73%	16,484.77%	90.91%
Net Income Growth	0.00%	-502.84%	-2,086.13%	97.77%	648.72%	90.44%
EPS Growth	0.00%	0.00%	0.00%	0.00%	600.00%	100.00%
Operating Cash Flow Growth	0.00%	-88.12%	5,281.31%	158.63%	30.30%	5.31%
Free Cash Flow Firm Growth	0.00%	0.00%	-6,841.35%	102.28%	217.84%	-224.66%
Invested Capital Growth	0.00%	0.00%	4,554.48%	-2.56%	-4.09%	19.12%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	8.47%	6.03%	6.36%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	21.52%	15.15%	3.85%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	127.41%	41.57%	1.52%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	-106.95%	38.95%	3.54%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	27.38%	56.20%	-2.35%
EPS Q/Q Growth	0.00%	0.00%	0.00%	-115.38%	25.00%	17.65%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	87.58%	20.07%	3.52%	1.59%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	14.59%	-0.88%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	-1.90%	-1.86%	-1.26%
Profitability Metrics	-	-	-	-	-	-
Gross Margin	41.43%	3.64%	-81.70%	34.68%	49.72%	55.67%
EBITDA Margin	14.89%	-22.92%	-206.45%	19.70%	35.30%	36.13%
Operating Margin	14.34%	-23.51%	-112.55%	-0.18%	18.35%	26.43%
EBIT Margin	14.34%	-23.51%	-220.79%	0.45%	17.08%	23.84%
Profit (Net Income) Margin	10.72%	-33.00%	-218.75%	-2.94%	12.75%	18.32%
Tax Burden Percent	98.84%	99.88%	96.51%	81.09%	89.61%	89.60%
Interest Burden Percent	75.66%	140.55%	102.66%	-796.64%	83.32%	85.74%
Effective Tax Rate	1.16%	0.00%	0.00%	0.00%	10.39%	10.40%
Return on Invested Capital (ROIC)	0.00%	0.00%	-19.06%	-0.03%	4.28%	7.62%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	-176.58%	-3.29%	-0.90%	-0.12%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	-48.36%	-0.68%	-0.20%	-0.04%
Return on Equity (ROE)	0.00%	16.45%	-67.42%	-0.71%	4.08%	7.59%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	-111.56%	2.57%	8.46%	-9.83%
Operating Return on Assets (OROA)	0.00%	-48.30%	-43.37%	0.07%	3.34%	5.52%
Return on Assets (ROA)	0.00%	-67.80%	-42.97%	-0.47%	2.49%	4.24%
Return on Common Equity (ROCE)	0.00%	0.00%	-20.98%	-0.20%	1.18%	2.50%
Return on Equity Simple (ROE_SIMPLE)	0.00%	0.00%	-108.34%	-2.51%	14.45%	19.76%
Net Operating Profit after Tax (NOPAT)	27	-41	-649	-1.74	285	544
NOPAT Margin	14.17%	-16.46%	-78.78%	-0.13%	16.45%	23.69%
Net Nonoperating Expense Percent (NNEP)	0.00%	23.98%	157.52%	3.26%	5.18%	7.74%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-0.02%	4.09%	6.48%
Cost of Revenue to Revenue	58.57%	96.36%	181.70%	65.32%	50.28%	44.33%
SG&A Expenses to Revenue	27.09%	27.14%	17.03%	16.11%	14.02%	17.99%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	27.09%	27.14%	30.85%	34.86%	31.37%	29.24%
Earnings before Interest and Taxes (EBIT)	27	-59	-1,819	6.23	296	547
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	28	-57	-1,701	270	611	829
Valuation Ratios	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	11.23	8.42	13.16	16.21
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	1.31	1.42	22.67	9.86	11.61	15.02
Price to Earnings (P/E)	10.89	0.00	0.00	0.00	370.01	314.65
Dividend Yield	0.00%	0.00%	1.25%	4.44%	3.85%	3.55%
Earnings Yield	9.18%	0.00%	0.00%	0.00%	0.27%	0.32%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	3.44	2.75	3.85	5.17
Enterprise Value to Revenue (EV/Rev)	0.00	0.80	29.11	13.65	14.49	17.47
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	69.27	41.05	48.36
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	3,001.08	84.85	73.29
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	88.10	73.77
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	38.05	85.15	25.66	26.43	40.13
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	1.73	0.00	105.63	44.61	0.00
Leverage & Solvency	-	-	-	-	-	-
Debt to Equity	0.00	-0.71	0.20	0.29	0.32	0.45
Long-Term Debt to Equity	0.00	-0.71	0.20	0.29	0.32	0.45
Financial Leverage	0.00	-0.69	0.27	0.21	0.23	0.29
Leverage Ratio	0.00	-0.24	1.57	1.51	1.64	1.79
Compound Leverage Factor	0.00	-0.34	1.61	-12.00	1.36	1.53
Debt to Total Capital	0.00%	-246.17%	16.72%	22.65%	24.16%	30.84%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	-246.17%	16.72%	22.65%	24.16%	30.84%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	346.17%	59.59%	54.98%	53.88%	43.82%
Common Equity to Total Capital	0.00%	0.00%	23.69%	22.37%	21.96%	25.35%
Debt to EBITDA	0.00	-6.22	-0.69	6.02	2.75	3.12
Net Debt to EBITDA	0.00	-6.02	-0.66	4.59	2.02	2.35
Long-Term Debt to EBITDA	0.00	-6.22	-0.69	6.02	2.75	3.12
Debt to NOPAT	0.00	-8.67	-1.81	-934.80	5.90	4.76
Net Debt to NOPAT	0.00	-8.39	-1.72	-713.11	4.33	3.59
Long-Term Debt to NOPAT	0.00	-8.67	-1.81	-934.80	5.90	4.76
Altman Z-Score	0.00	0.34	3.92	2.51	3.62	4.28
Noncontrolling Interest Sharing Ratio	0.00%	100.00%	68.88%	71.32%	71.06%	67.02%
Liquidity Ratios	-	-	-	-	-	-
Current Ratio	0.00	0.20	0.62	3.37	3.40	4.22
Quick Ratio	0.00	0.20	0.62	3.37	3.40	4.22
Cash Flow Metrics	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	115	-7,773	177	562	-701
Operating Cash Flow to CapEx	3,756.52%	802.76%	5,353.70%	1,111.47%	1,397.75%	1,557.25%
Free Cash Flow to Firm to Interest Expense	0.00	4.84	-171.59	2.95	7.43	-5.75
Operating Cash Flow to Interest Expense	6.61	0.22	6.22	12.13	12.54	8.20
Operating Cash Flow Less CapEx to Interest Expense	6.44	0.19	6.10	11.04	11.64	7.67
Efficiency Ratios	-	-	-	-	-	-
Asset Turnover	0.00	2.05	0.20	0.16	0.20	0.23
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	4.78	5.01
Inventory Turnover	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
Accounts Payable Turnover	0.00	4.12	23.62	9.18	6.56	6.68
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	76.42	72.82
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	88.57	15.45	39.76	55.61	54.65
Cash Conversion Cycle (CCC)	0.00	-88.57	-15.45	-39.76	20.80	18.16
Capital & Investment Metrics	-	-	-	-	-	-
Invested Capital	0.00	-156	6,967	6,788	6,511	7,755
Invested Capital Turnover	0.00	-3.19	0.24	0.20	0.26	0.32
Increase / (Decrease) in Invested Capital	0.00	-156	7,123	-179	-278	1,245
Enterprise Value (EV)	0.00	199	23,983	18,691	25,090	40,108
Market Capitalization	250	356	18,679	13,507	20,108	34,480
Book Value per Share	$0.00	$0.00	$1.21	$1.15	$1.08	$1.42
Tangible Book Value per Share	$0.00	$0.00	($3.70)	($3.59)	($3.41)	($3.67)
Total Capital	0.00	-145	7,022	7,174	6,959	8,395
Total Debt	0.00	356	1,174	1,625	1,681	2,588
Total Long-Term Debt	0.00	356	1,174	1,625	1,681	2,588
Net Debt	0.00	345	1,119	1,239	1,233	1,949
Capital Expenditures (CapEx)	1.17	0.65	5.26	66	68	64
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	-58	-68	231	228	383
Debt-free Net Working Capital (DFNWC)	0.00	-47	-26	299	333	535
Net Working Capital (NWC)	0.00	-47	-26	299	333	535
Net Nonoperating Expense (NNE)	6.58	41	1,153	38	64	123
Net Nonoperating Obligations (NNO)	0.00	345	1,119	1,239	1,233	1,949
Total Depreciation and Amortization (D&A)	1.05	1.46	118	264	316	282
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	-23.38%	-8.29%	16.89%	13.19%	16.68%
Debt-free Net Working Capital to Revenue	0.00%	-18.73%	-3.13%	21.86%	19.20%	23.30%
Net Working Capital to Revenue	0.00%	-18.73%	-3.13%	21.86%	19.20%	23.30%
Earnings Adjustments	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$0.00	($0.02)	$0.12	$0.20
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	0.00	433.43M	463.23M	549.01M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.00	($0.02)	$0.10	$0.20
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	0.00	433.43M	478.01M	558.43M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	1.40B	1.41B	1.43B	1.54B
Normalized Net Operating Profit after Tax (NOPAT)	27	-41	-649	-1.74	285	544
Normalized NOPAT Margin	14.17%	-16.46%	-78.78%	-0.13%	16.45%	23.69%
Pre Tax Income Margin	10.85%	-33.04%	-226.67%	-3.62%	14.23%	20.44%
Debt Service Ratios	-	-	-	-	-	-
EBIT to Interest Expense	4.11	-2.47	-40.16	0.10	3.91	4.49
NOPAT to Interest Expense	4.06	-1.73	-14.33	-0.03	3.76	4.46
EBIT Less CapEx to Interest Expense	3.93	-2.49	-40.27	-0.99	3.01	3.96
NOPAT Less CapEx to Interest Expense	3.88	-1.75	-14.45	-1.12	2.87	3.93
Payout Ratios	-	-	-	-	-	-
Dividend Payout Ratio	1,564.88%	-94.68%	-32.32%	-1,510.41%	359.70%	262.52%
Augmented Payout Ratio	1,564.88%	-94.68%	-39.33%	-1,706.23%	359.70%	262.58%

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
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	49.67%	37.08%	41.67%	27.41%	15.81%	24.91%	31.29%	31.88%	39.85%	27.80%	33.14%
EBITDA Growth	134.08%	172.52%	184.10%	117.46%	118.84%	106.59%	48.98%	38.59%	36.95%	19.74%	-14.56%
EBIT Growth	100.61%	138.77%	506.18%	325.75%	5,756.88%	1,073.48%	130.06%	245.26%	45.74%	8.61%	-46.70%
NOPAT Growth	-96.81%	-57.74%	461.49%	601.34%	4,597.77%	474.40%	138.97%	328.18%	54.69%	18.44%	-48.89%
Net Income Growth	95.84%	113.08%	283.43%	475.46%	734.60%	4,526.32%	166.48%	305.58%	56.39%	-12.49%	-67.26%
EPS Growth	100.00%	-93.75%	166.67%	0.00%	0.00%	200.00%	100.00%	200.00%	33.33%	100.00%	-100.00%
Operating Cash Flow Growth	89.73%	78.92%	29.83%	56.34%	36.15%	11.70%	-60.96%	26.97%	15.72%	5.08%	-62.78%
Free Cash Flow Firm Growth	78.98%	0.00%	102.65%	114.99%	130.69%	96.74%	44.37%	-81.61%	-399.62%	-384.99%	-974.98%
Invested Capital Growth	20.85%	-2.56%	-1.74%	-4.66%	-4.13%	-4.09%	-1.76%	1.27%	18.39%	19.12%	34.55%
Revenue Q/Q Growth	13.37%	6.61%	-1.14%	6.64%	3.05%	14.99%	3.91%	7.11%	9.28%	5.07%	8.26%
EBITDA Q/Q Growth	-11.91%	9.84%	79.35%	25.31%	-11.35%	3.69%	29.35%	16.56%	-12.40%	-9.34%	-7.71%
EBIT Q/Q Growth	-87.00%	430.01%	659.58%	-18.65%	78.83%	6.19%	48.92%	22.09%	-24.51%	-20.87%	-26.92%
NOPAT Q/Q Growth	123.99%	1,048.89%	193.89%	-38.11%	124.79%	40.48%	22.27%	10.90%	-18.79%	7.56%	-47.24%
Net Income Q/Q Growth	-10.39%	117.54%	2,295.10%	-19.02%	86.58%	27.84%	37.96%	23.25%	-28.05%	-28.46%	-48.39%
EPS Q/Q Growth	0.00%	0.00%	100.00%	0.00%	50.00%	0.00%	33.33%	50.00%	-33.33%	50.00%	-100.00%
Operating Cash Flow Q/Q Growth	35.86%	33.42%	-56.16%	96.75%	18.32%	9.46%	-84.68%	539.82%	7.84%	-0.61%	-94.57%
Free Cash Flow Firm Q/Q Growth	50.89%	116.63%	-9.95%	103.81%	0.54%	6.61%	-33.92%	-74.04%	-1,738.29%	-1.40%	-102.89%
Invested Capital Q/Q Growth	-1.86%	-1.90%	0.91%	-1.86%	-1.32%	-1.86%	3.37%	1.17%	15.36%	-1.26%	16.76%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	36.72%	37.31%	49.46%	50.05%	50.20%	49.24%	56.21%	58.70%	54.88%	53.36%	52.31%
EBITDA Margin	18.52%	19.08%	34.62%	40.68%	35.00%	31.56%	39.29%	42.75%	34.27%	29.57%	25.21%
Operating Margin	0.66%	7.07%	16.97%	9.90%	21.75%	23.63%	30.31%	31.38%	23.26%	21.99%	11.31%
EBIT Margin	0.41%	2.04%	15.71%	11.99%	20.80%	19.21%	27.53%	31.38%	21.68%	16.33%	11.02%
Profit (Net Income) Margin	-2.70%	0.44%	10.75%	8.16%	14.78%	16.43%	21.82%	25.11%	16.53%	11.25%	5.37%
Tax Burden Percent	71.01%	-42.46%	86.71%	86.30%	85.64%	96.31%	88.35%	88.35%	88.59%	95.93%	90.90%
Interest Burden Percent	-923.53%	-51.10%	78.90%	78.92%	82.98%	88.83%	89.70%	90.55%	86.07%	71.86%	53.55%
Effective Tax Rate	0.00%	0.00%	13.29%	13.70%	14.36%	3.69%	11.65%	11.65%	11.41%	4.07%	9.10%
Return on Invested Capital (ROIC)	0.09%	0.99%	3.16%	1.95%	4.49%	5.93%	7.31%	8.14%	6.14%	6.79%	3.21%
ROIC Less NNEP Spread (ROIC-NNEP)	-1.19%	-0.53%	1.97%	1.84%	3.22%	3.40%	5.58%	7.16%	4.65%	2.88%	1.61%
Return on Net Nonoperating Assets (RNNOA)	-0.20%	-0.11%	0.46%	0.45%	0.76%	0.78%	1.54%	1.99%	1.37%	0.83%	0.58%
Return on Equity (ROE)	-0.11%	0.88%	3.62%	2.40%	5.25%	6.70%	8.85%	10.13%	7.51%	7.62%	3.79%
Cash Return on Invested Capital (CROIC)	0.00%	2.57%	2.91%	6.72%	7.24%	8.46%	7.14%	5.85%	-9.59%	-9.83%	-23.43%
Operating Return on Assets (OROA)	0.06%	0.33%	2.72%	2.20%	3.87%	3.76%	5.75%	6.77%	4.79%	3.78%	2.56%
Return on Assets (ROA)	-0.42%	0.07%	1.86%	1.50%	2.75%	3.21%	4.56%	5.42%	3.65%	2.61%	1.24%
Return on Common Equity (ROCE)	-0.03%	0.25%	1.03%	0.69%	1.53%	1.94%	2.69%	3.18%	2.38%	2.51%	1.30%
Return on Equity Simple (ROE_SIMPLE)	-3.35%	0.00%	1.55%	4.32%	9.17%	0.00%	17.66%	22.60%	21.49%	0.00%	14.78%
Net Operating Profit after Tax (NOPAT)	1.70	20	58	36	80	112	137	152	124	133	70
NOPAT Margin	0.46%	4.95%	14.71%	8.54%	18.63%	22.76%	26.78%	27.73%	20.61%	21.09%	10.28%
Net Nonoperating Expense Percent (NNEP)	1.28%	1.51%	1.19%	0.12%	1.27%	2.53%	1.73%	0.98%	1.49%	3.90%	1.61%
Return On Investment Capital (ROIC_SIMPLE)	-	0.27%	-	-	-	1.62%	-	-	-	1.59%	0.73%
Cost of Revenue to Revenue	63.28%	62.69%	50.54%	49.96%	49.80%	50.76%	43.79%	41.30%	45.12%	46.64%	47.69%
SG&A Expenses to Revenue	18.32%	13.89%	14.36%	12.35%	15.24%	14.11%	14.95%	17.00%	20.19%	19.23%	27.91%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	36.07%	30.24%	32.49%	40.15%	28.44%	25.61%	25.90%	27.32%	31.62%	31.37%	41.00%
Earnings before Interest and Taxes (EBIT)	1.53	8.09	61	50	89	95	141	173	130	103	75
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	69	75	135	170	150	156	202	235	206	187	172
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	7.36	8.42	9.37	10.02	11.39	13.16	16.14	14.52	14.14	16.21	13.20
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	9.64	9.86	10.04	10.00	10.75	11.61	14.33	12.76	13.13	15.02	12.50
Price to Earnings (P/E)	0.00	0.00	9,590.32	1,012.88	614.14	370.01	211.80	173.06	175.72	314.65	335.26
Dividend Yield	4.59%	4.44%	4.34%	4.47%	4.25%	3.85%	2.97%	3.38%	3.31%	3.55%	3.59%
Earnings Yield	0.00%	0.00%	0.01%	0.10%	0.16%	0.27%	0.47%	0.58%	0.57%	0.32%	0.30%
Enterprise Value to Invested Capital (EV/IC)	2.52	2.75	2.94	3.11	3.41	3.85	4.70	4.47	4.35	5.17	4.15
Enterprise Value to Revenue (EV/Rev)	13.81	13.65	13.58	13.27	13.87	14.49	17.07	15.31	15.84	17.47	15.23
Enterprise Value to EBITDA (EV/EBITDA)	78.56	69.27	56.40	46.51	42.67	41.05	46.72	40.95	42.81	48.36	46.92
Enterprise Value to EBIT (EV/EBIT)	0.00	3,001.08	243.56	172.61	108.44	84.85	84.28	61.07	63.41	73.29	78.00
Enterprise Value to NOPAT (EV/NOPAT)	697.41	0.00	252.62	155.56	110.51	88.10	86.84	63.20	65.10	73.77	78.79
Enterprise Value to Operating Cash Flow (EV/OCF)	28.75	25.66	26.66	24.81	24.70	26.43	36.16	32.38	34.74	40.13	38.70
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	105.63	100.41	45.16	46.15	44.61	65.30	76.86	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.27	0.29	0.32	0.33	0.33	0.32	0.40	0.47	0.43	0.45	0.50
Long-Term Debt to Equity	0.27	0.29	0.32	0.33	0.33	0.32	0.40	0.47	0.43	0.45	0.50
Financial Leverage	0.17	0.21	0.23	0.25	0.24	0.23	0.28	0.28	0.29	0.29	0.36
Leverage Ratio	1.50	1.51	1.53	1.55	1.60	1.64	1.67	1.74	1.74	1.79	1.83
Compound Leverage Factor	-13.87	-0.77	1.20	1.23	1.33	1.45	1.50	1.57	1.50	1.28	0.98
Debt to Total Capital	21.31%	22.65%	24.40%	24.63%	24.72%	24.16%	28.61%	32.03%	30.23%	30.84%	33.16%
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	21.31%	22.65%	24.40%	24.63%	24.72%	24.16%	28.61%	32.03%	30.23%	30.84%	33.16%
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	55.58%	54.98%	53.62%	53.32%	53.46%	53.88%	48.67%	45.22%	45.99%	43.82%	42.56%
Common Equity to Total Capital	23.11%	22.37%	21.97%	22.05%	21.83%	21.96%	22.72%	22.76%	23.78%	25.35%	24.28%
Debt to EBITDA	6.87	6.02	4.94	3.91	3.29	2.75	3.06	3.31	3.19	3.12	3.99
Net Debt to EBITDA	5.79	4.59	3.86	3.01	2.48	2.02	2.30	2.14	2.47	2.35	3.28
Long-Term Debt to EBITDA	6.87	6.02	4.94	3.91	3.29	2.75	3.06	3.31	3.19	3.12	3.99
Debt to NOPAT	61.01	-934.80	22.12	13.07	8.52	5.90	5.68	5.11	4.85	4.76	6.70
Net Debt to NOPAT	51.38	-713.11	17.30	10.07	6.42	4.33	4.28	3.30	3.76	3.59	5.51
Long-Term Debt to NOPAT	61.01	-934.80	22.12	13.07	8.52	5.90	5.68	5.11	4.85	4.76	6.70
Altman Z-Score	2.34	2.51	2.77	2.90	3.18	3.55	4.35	3.64	3.64	4.14	3.29
Noncontrolling Interest Sharing Ratio	71.62%	71.32%	71.41%	71.12%	70.82%	71.06%	69.59%	68.66%	68.34%	67.02%	65.68%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.27	3.37	0.24	2.82	3.10	3.40	3.56	5.81	3.09	4.22	3.27
Quick Ratio	0.27	3.37	0.24	2.82	3.10	3.40	3.56	5.81	3.09	4.22	3.27
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-1,192	198	179	364	366	390	258	67	-1,096	-1,112	-2,255
Operating Cash Flow to CapEx	1,499.70%	1,154.84%	2,133.45%	2,338.52%	1,521.15%	919.54%	769.37%	919.08%	2,901.09%	2,328.06%	131.83%
Free Cash Flow to Firm to Interest Expense	-79.34	11.56	9.72	18.98	18.60	21.10	11.46	2.05	-32.14	-34.10	-58.54
Operating Cash Flow to Interest Expense	13.77	16.09	6.59	12.42	14.32	16.68	2.10	9.24	9.56	9.94	0.46
Operating Cash Flow Less CapEx to Interest Expense	12.85	14.70	6.28	11.89	13.38	14.86	1.83	8.23	9.23	9.51	0.11
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.16	0.16	0.17	0.18	0.19	0.20	0.21	0.22	0.22	0.23	0.23
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	4.78	0.00	5.15	4.95	5.01	4.70
Inventory Turnover	0.00	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	0.00
Accounts Payable Turnover	6.81	9.18	7.42	7.93	6.12	6.56	5.83	6.46	5.67	6.68	5.82
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	76.42	0.00	70.92	73.72	72.82	77.64
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	53.62	39.76	49.22	46.04	59.63	55.61	62.59	56.53	64.40	54.65	62.72
Cash Conversion Cycle (CCC)	-53.62	-39.76	-49.22	-46.04	-59.63	20.80	-62.59	14.39	9.32	18.16	14.92
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	6,920	6,788	6,850	6,723	6,634	6,511	6,730	6,809	7,854	7,755	9,056
Invested Capital Turnover	0.20	0.20	0.21	0.23	0.24	0.26	0.27	0.29	0.30	0.32	0.31
Increase / (Decrease) in Invested Capital	1,194	-179	-121	-328	-286	-278	-120	86	1,220	1,245	2,325
Enterprise Value (EV)	17,443	18,691	20,164	20,891	22,650	25,090	31,656	30,423	34,184	40,108	37,538
Market Capitalization	12,178	13,507	14,903	15,739	17,557	20,108	26,572	25,361	28,333	34,480	30,818
Book Value per Share	$1.18	$1.15	$1.13	$1.12	$1.10	$1.08	$3.37	$1.22	$1.37	$1.42	$1.52
Tangible Book Value per Share	($3.59)	($3.59)	($3.52)	($3.45)	($3.45)	($3.41)	($9.48)	($3.26)	($3.88)	($3.67)	($4.19)
Total Capital	7,161	7,174	7,235	7,126	7,064	6,959	7,244	7,677	8,426	8,395	9,619
Total Debt	1,526	1,625	1,766	1,755	1,746	1,681	2,072	2,459	2,548	2,588	3,190
Total Long-Term Debt	1,526	1,625	1,766	1,755	1,746	1,681	2,072	2,459	2,548	2,588	3,190
Net Debt	1,285	1,239	1,381	1,352	1,316	1,233	1,559	1,591	1,975	1,949	2,626
Capital Expenditures (CapEx)	14	24	5.67	10	19	34	6.14	33	11	14	13
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-147	231	-156	202	210	228	232	286	318	383	432
Debt-free Net Working Capital (DFNWC)	-108	299	-118	244	287	333	388	723	434	535	530
Net Working Capital (NWC)	-108	299	-118	244	287	333	388	723	434	535	530
Net Nonoperating Expense (NNE)	12	18	15	1.57	17	31	25	14	24	62	34
Net Nonoperating Obligations (NNO)	1,285	1,239	1,381	1,352	1,316	1,233	1,559	1,591	1,975	1,949	2,626
Total Depreciation and Amortization (D&A)	67	67	74	120	61	61	60	63	76	84	97
Debt-free, Cash-free Net Working Capital to Revenue	-11.66%	16.89%	-10.53%	12.86%	12.85%	13.19%	12.54%	14.38%	14.75%	16.68%	17.52%
Debt-free Net Working Capital to Revenue	-8.53%	21.86%	-7.98%	15.48%	17.55%	19.20%	20.94%	36.36%	20.12%	23.30%	21.48%
Net Working Capital to Revenue	-8.53%	21.86%	-7.98%	15.48%	17.55%	19.20%	20.94%	36.36%	20.12%	23.30%	21.48%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.01	$0.02	$0.03	$0.03	$0.04	$0.05	$0.06	$0.05	$0.04	$0.01
Adjusted Weighted Average Basic Shares Outstanding	441.49M	433.43M	456.19M	459.40M	466.38M	463.23M	488.44M	530.10M	575.25M	549.01M	625.85M
Adjusted Diluted Earnings per Share	$0.00	$0.01	$0.02	$0.02	$0.03	$0.03	$0.04	$0.06	$0.04	$0.06	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	1.41B	433.43M	461.91M	1.43B	482.57M	478.01M	498.74M	539.39M	1.49B	558.43M	638.49M
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	1.39B	1.41B	1.41B	1.41B	1.41B	1.43B	1.43B	1.46B	1.49B	1.54B	1.55B
Normalized Net Operating Profit after Tax (NOPAT)	1.70	20	58	36	80	112	137	152	124	133	70
Normalized NOPAT Margin	0.46%	4.95%	14.71%	8.54%	18.63%	22.76%	26.78%	27.73%	20.61%	21.09%	10.28%
Pre Tax Income Margin	-3.80%	-1.05%	12.40%	9.46%	17.26%	17.06%	24.70%	28.42%	18.66%	11.73%	5.90%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.10	0.47	3.35	2.61	4.54	5.13	6.29	5.27	3.82	3.16	1.96
NOPAT to Interest Expense	0.11	1.14	3.13	1.86	4.07	6.08	6.11	4.66	3.63	4.09	1.82
EBIT Less CapEx to Interest Expense	-0.82	-0.92	3.04	2.08	3.60	3.32	6.01	4.27	3.49	2.74	1.61
NOPAT Less CapEx to Interest Expense	-0.80	-0.25	2.82	1.33	3.13	4.27	5.84	3.65	3.30	3.66	1.48
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-1,543.80%	-1,510.41%	2,643.94%	1,050.35%	537.65%	359.70%	301.43%	239.30%	237.37%	262.52%	351.18%
Augmented Payout Ratio	-1,604.90%	-1,706.23%	2,643.94%	1,050.35%	569.36%	359.70%	301.43%	239.30%	237.43%	262.58%	351.18%

Key Financial Trends

Blue Owl Capital (NYSE: OWL) has demonstrated steady revenue growth over the past several quarters, with Q1 2025 operating revenue reaching approximately $683.5 million, up from $631.4 million in Q4 2024 and consistently increasing from $390.9 million in Q1 2023. This shows a strong top-line growth trend.

However, net income attributable to common shareholders has seen volatility with a notable decline in Q1 2025 to about $7.4 million from $20.7 million in Q4 2024 and $25.1 million in Q1 2023, partially impacted by higher expenses and other factors.

Key financial aspects influencing Blue Owl Capital based on the last four years of quarterly data include:

Consistent increase in operating revenue from approximately $390.9 million in early 2023 to $683.5 million in Q1 2025 indicating solid business growth and market demand.
Total gross profit increased proportionally with revenue, reaching $357.5 million in Q1 2025, reflecting effective cost control relative to revenue growth.
Substantial non-cash adjustments in cash flows (e.g., $171.7 million adjustments in Q1 2025) support strong operating cash generation capabilities.
Growing total assets base, increasing from about $8.76 billion in Q1 2023 to nearly $12.29 billion in Q1 2025, demonstrates asset growth supporting operations and investments.
Noncontrolling interest has increased steadily, indicating rising investments or partnerships outside of common equity which may reflect business expansion.
Operating expenses have increased (notably amortization expense growing to $89.5 million in Q1 2025), which warrants monitoring for ongoing expense management.
Cash and equivalents fluctuate period-over-period, reflecting changes in investing and financing activities but remain sufficient at $97.6 million in Q1 2025.
Net income attributable to common shareholders dropped sharply in Q1 2025 to $7.4 million despite higher revenues—this indicates pressure on profitability, possibly from higher interest expenses ($38.5 million in Q1 2025) and other costs.
Significant increase in long-term debt, climbing to over $3.19 billion by Q1 2025, which increases financial leverage and interest burden.
Large and increasing dividend payments ($0.18 per share in Q1 2025), alongside high debt repayment and acquisitions spending, could pressure free cash flow and liquidity if not balanced by operational performance.

In summary, Blue Owl Capital shows promising revenue and asset growth which positively positions the company for future expansion. However, investors should be cautious of the recent decline in profitability to common shareholders, rising interest expenses, and increased leverage. Expense management and cash flow sustainability amid acquisitions and dividends will be critical to watch going forward.

08/05/25 08:01 AMAI Generated. May Contain Errors.

Frequently Asked Questions About Blue Owl Capital's Financials

When does Blue Owl Capital's fiscal year end?

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

How has Blue Owl Capital's net income changed over the last 5 years?

Blue Owl Capital's net income appears to be on a downward trend, with a most recent value of $420.45 million in 2024, rising from $20.47 million in 2019. The previous period was $220.78 million in 2023. See Blue Owl Capital's forecast for analyst expectations on what’s next for the company.

What is Blue Owl Capital's operating income?

Blue Owl Capital's total operating income in 2024 was $606.76 million, based on the following breakdown:

Total Gross Profit: $1.28 billion
Total Operating Expenses: $671.19 million

How has Blue Owl Capital's revenue changed over the last 5 years?

Over the last 5 years, Blue Owl Capital's total revenue changed from $190.85 million in 2019 to $2.30 billion in 2024, a change of 1,102.7%.

How much debt does Blue Owl Capital have?

Blue Owl Capital's total liabilities were at $5.19 billion at the end of 2024, a 46.5% increase from 2023, and a 732.8% increase since 2020.

How much cash does Blue Owl Capital have?

In the past 4 years, Blue Owl Capital's cash and equivalents has ranged from $11.63 million in 2020 to $152.09 million in 2024, and is currently $152.09 million as of their latest financial filing in 2024.

How has Blue Owl Capital's book value per share changed over the last 5 years?

Over the last 5 years, Blue Owl Capital's book value per share changed from 0.00 in 2019 to 1.42 in 2024, a change of 142.5%.

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This page (NYSE:OWL) was last updated on 8/5/2025 by MarketBeat.com Staff

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Blue Owl Capital (OWL) Financials

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Blue Owl Capital (OWL) Financials

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