Loading company financials…
NEW YORK STOCK EXCHANGE, INC. · Financial Services · CIK 0001393818
$118.75
+8.38% · delayed ~15 min
Last price from Oct 22, 2026
$88.91B market value
From Blackstone Inc.'s FY2025 10-K, filed Feb 27, 2026 · read the filing
Blackstone trades securities and runs financial markets. It took in $14.45B last year, which makes it a large company. Of every dollar it sells, about 21 cents is left as profit.
The financial picture is led by profitability, with growth and debt worth watching.
A conclusion from the filings, not a recommendation. Detailed figures and supporting evidence appear in their dedicated sections below.
Recent open-market selling by 4 insiders, not under a pre-arranged plan.
$81.7M sold in the last 120 days · Read the filing
These are things the company filed or that a published model flagged — not predictions, and not a reason on their own to buy or sell anything.
Financial health
Generally healthy, with a few things to watch.
From Blackstone Inc.'s FY2025 annual filing · share price scored separately
Largest year-over-year changes in FY2025
Capital spending
$61.4M → $115.7M
Free cash flow
$3.42B → $4.55B
Cash
$1.97B → $2.63B
Dividends paid
$4.42B → $6.01B
Measured against FY2024, from the 10-K filed Feb 27, 2026
Changed: +88.4%
$61.4M to $115.7MCritical
Why it matters: Neither good nor bad on its own. Heavy spending is a company building capacity or a company struggling to stand still, and the two look identical in this figure.
How the latest move compares (quote delayed ~15 min), and what was published around it
BX rose 8.38% on the latest quote. The average Financials company tracked here moved +1.11%, and the S&P 500 −1.04%. That is 7.3 points above its sector and 9.4 points above the market.
Expectations
Not from the filings — what other people are betting on, and what the price already assumes.
Opinions from 32 analysts covering this company, as of . Their views, not this site's.
Of 32 analysts publishing on this company, 7 say strong buy, 14 say buy and 11 say hold. Analysts are paid to publish a view and are wrong often; the split above says how much they agree with each other, which is the part a single headline rating hides.
Published by Finnhub. Analyst coverage skews towards larger companies and towards optimism — sell ratings are rare across the whole market, so a company with none is ordinary rather than endorsed.
The essentials
Each answered from the filings, with the numbers behind it.
Yes. It keeps about 21 cents of every dollar of sales as profit, earning $3.02B last year.
Slowly. Sales grew 9.2% last year.
For every $1 it owes, it owns $1.85 in assets. Banks and insurers always carry high debt — that is how lending works — so this is normal for the industry and not comparable with other sectors.
Core operating and valuation reference metrics
Whether the dividend is covered by what the business actually earns
It paid out more than it earned — 199 cents for every dollar of profit. A payment above earnings has to be funded from somewhere else, so it is worth checking whether that can continue. It paid out 129% of the cash its operations generated. It has paid in each of the last 9 years.
WeakFigures from the FY2025 annual filing
Last year it earned $3.02B and generated $4.66B of cash from operations.
As reported to the SEC, in USD. Hover or show sources to see where each figure came from.
| Income statement | FY202510-K · Feb 27, 2026Filing for FY2025 | FY202410-K · Feb 28, 2025Filing for FY2024 | FY202310-K · Feb 23, 2024Filing for FY2023 | FY202210-K · Feb 24, 2023Filing for FY2022 | FY202110-K · Feb 25, 2022Filing for FY2021 | ChangeFY2025 vs FY2024 |
|---|---|---|---|---|---|---|
| RevenueWhat is this? | $14.45B | $13.23B | $8.02B | $8.52B | $22.58B | +9.2% |
| Selling, general and administrative | $1.52B | $1.36B | $1.12B | $1.09B | $917.8M | +11.9% |
| Interest expense | $508.3M | $443.7M | $431.9M | $317.2M | $198.3M | +14.6% |
| Income before tax | $7.17B | $6.46B | $2.96B | $3.46B | $13.56B | +11.0% |
| Net income | $3.02B | $2.78B | $1.39B | $1.75B | $5.86B | +8.7% |
| Net marginNet income ÷ revenueWhat is this? | 20.9% | 21.0% | 17.3% | 20.5% | 25.9% | −0.1 pts |
| Earnings per shareNet income ÷ shares outstanding at the period end — close to, but not the same as, the reported EPSWhat is this? | $4.03 | $3.79 | $1.93 | $2.46 | $8.32 | +6.3% |
† calculated from other reported figures, such as total liabilities as assets minus equity.
This company's latest filing beside its peers' stored scores
| Company | Health | F-Score | Revenue growth | Profit margin | P/E | Debt to equity |
|---|---|---|---|---|---|---|
| BXBlackstone Inc. · this page | 7.3/10 | 5/7 |
Insider activity, ownership stakes and what's coming — straight from EDGAR, before any article is written about it
Officers, directors and major shareholders must report within two business days of a trade.
Sold on the open market — 67,021 shares at $3.54 ($237.4K)
Holds 385,633 shares after this filing.
20 recent filings, newest first. Each is labelled from its form and item numbers, not from its wording.
Published results
Read the filingHad a director or senior officer leave or join
Read the filingWrite down why you are following Blackstone Inc., what has to go right and what would change your mind, then see each new annual report measured against it. Sign in to start one.
Go deeper
Every figure above traces back to a filing in the timeline, each linked to the document itself.
The 1,485 subsidiaries named in its 10-K, incorporated across 23 places. A filer lists the significant ones and may leave the rest out, so this is the floor rather than the full count.
Every company's figures are checked for internal consistency: the balance sheet adding up, figures sharing one currency, cash flow and share counts within plausible ranges, and how recent the latest annual report is. Nothing here changes a figure.
Financial figures are from BX's 10-K for fiscal year 2025 (period ending 2025-12-31, filed Feb 27, 2026), reported under the US GAAP taxonomy. View the source filing.
3 of 4 scored areas had enough reported figures to judge
The score averages profitability, growth, debt and accounting. Accounting had too few reported figures and is left out of the average rather than counted as a weakness, so a company is never marked down for a figure it did not publish. Cash generation is shown for context and already feeds profitability. Valuation is scored separately, because a share price says nothing about whether the business is sound. 7 of the 9 Piotroski checks could be evaluated. How the score works
Each year scored only from its annual report as it was first filed
| Fiscal year | Health | F-Score | Scored from |
|---|---|---|---|
| FY2025 | 7.3 | 5/7 | 10-K, filed Feb 27, 2026 |
| FY2024 | 8.7 | 7/7 | 10-K, filed Feb 28, 2025 |
| FY2023 | 6.0 | 5/7 | 10-K, filed Feb 23, 2024 |
| FY2022 | 6.0 | 4/7 | 10-K, filed Feb 24, 2023 |
| FY2021 | 8.7 | 5/7 | 10-K, filed Feb 25, 2022 |
| FY2020 | 6.0 | 5/7 | 10-K, filed Feb 26, 2021 |
A later restatement never reaches back into an earlier year, and every year is scored without a share price, so the latest point can differ a little from the headline score, which uses today's price.
Every check behind the three models, and what each one tests
5 of 7 checks passed
Nine yes-or-no tests of whether this year's finances improved on last year's. 2 could not be evaluated and are excluded from the total rather than counted as failures.
not reported — Not meaningful for banks, insurers and other financial companies. Their balance sheets have no working capital and are leveraged by design, which this model misreads as distress.
Not meaningful for banks, insurers and other financial companies. Their balance sheets have no working capital and are leveraged by design, which this model misreads as distress.
Distance from bankruptcy, from a model fitted on companies that did and did not go bust. It describes a balance sheet's shape today; it does not forecast a failure.
not reported — Not meaningful for banks, insurers and other financial companies. Their balance sheets have no working capital and are leveraged by design, which this model misreads as distress.
Not meaningful for banks, insurers and other financial companies. Their balance sheets have no working capital and are leveraged by design, which this model misreads as distress.
Screens eight accounting ratios for the pattern earnings manipulators tend to leave. A flag is a reason to read the filing closely, never evidence of wrongdoing.
Every figure above comes from the FY2025 filing as filed with the SEC.
Improved: +33.0%
$3.42B to $4.55BSignificant
Why it matters: Cash left after paying for the plant that produced it — the money genuinely available for dividends, buybacks or paying down debt. Harder to flatter than profit.
Improved: +33.4%
$1.97B to $2.63BSignificant
Why it matters: A falling cash pile is only a warning if the company is consuming it. Paying down debt, buying back stock and paying a dividend all reduce cash by choice.
Changed: +35.9%
$4.42B to $6.01BSignificant
Why it matters: Cash handed to shareholders. A rise can be a higher dividend or simply more shares, and a cut is a decision the company explains in its own filing — neither is rated here.
Improved: +9.2%
$13.23B to $14.45BNotable
Why it matters: Sales are what everything else is built on. A fall can be lost customers, lower prices, or a business the company sold — the filing itself says which.
Improved: +8.7%
$2.78B to $3.02BNotable
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
Improved: +6.3%
$3.79 to $4.03Notable
Why it matters: Profit divided by the shares in issue at the period end, so it sits close to but not on the company's own reported figure. It can rise with no growth in profit when the company buys back stock — read it beside the share count.
Deteriorated: +9.7%
$11.46B to $12.58BNotable
Why it matters: Rising debt is not automatically bad — borrowing to build something that earns more than the interest is ordinary. It matters when it grows faster than the profit meant to service it.
Deteriorated: +2.3%
731.9M to 748.7MNotable
Why it matters: New shares divide the same company into more pieces, so each existing holding owns slightly less of it. Often pay for staff or an acquisition rather than anything wrong.
Q2 FY2026 against Q2 FY2025, from the 10-Q filed Aug 7, 2026 — read it.
Improved: +60.8%
$764.2M to $1.23BCritical
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
Improved: +57.9%
$1.03 to $1.63Critical
Why it matters: Profit divided by the shares in issue at the period end, so it sits close to but not on the company's own reported figure. It can rise with no growth in profit when the company buys back stock — read it beside the share count.
Improved: +35.9%
$3.71B to $5.04BSignificant
Why it matters: Sales are what everything else is built on. A fall can be lost customers, lower prices, or a business the company sold — the filing itself says which.
Improved: +3.8 pts
20.6% to 24.4%Significant
Why it matters: What survives to the very end of each sale. Worth reading beside revenue: growing sales on a shrinking margin means the company is buying its growth.
Deteriorated: +9.7%
$12.14B to $13.32BNotable
Why it matters: Rising debt is not automatically bad — borrowing to build something that earns more than the interest is ordinary. It matters when it grows faster than the profit meant to service it.
Improved: +12.1%
$2.24B to $2.51BNotable
Why it matters: A falling cash pile is only a warning if the company is consuming it. Paying down debt, buying back stock and paying a dividend all reduce cash by choice.
Deteriorated: +1.8%
739.1M to 752.6MNotable
Why it matters: New shares divide the same company into more pieces, so each existing holding owns slightly less of it. Often pay for staff or an acquisition rather than anything wrong.
Q2 FY2026 against Q1 FY2026, from the 10-Q filed Aug 7, 2026 — read it. Quarter-to-quarter moves include seasonal swings — a retailer's holiday quarter — which the year-earlier comparison removes.
Improved: +89.2%
$649.7M to $1.23BCritical
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
Improved: +88.9%
$0.86 to $1.63Critical
Why it matters: Profit divided by the shares in issue at the period end, so it sits close to but not on the company's own reported figure. It can rise with no growth in profit when the company buys back stock — read it beside the share count.
Improved: +39.4%
$3.62B to $5.04BSignificant
Why it matters: Sales are what everything else is built on. A fall can be lost customers, lower prices, or a business the company sold — the filing itself says which.
Improved: +6.4 pts
18.0% to 24.4%Significant
Why it matters: What survives to the very end of each sale. Worth reading beside revenue: growing sales on a shrinking margin means the company is buying its growth.
1 other measure barely moved. Figures compare the two most recent annual filings — read the latest one. Moves are graded on fixed lines — 5%, 15% and 40% for amounts, and 1, 3 and 8 points for margins — as notable, significant or critical. Nothing here reads the management commentary, which is where a company explains its own numbers.
These coincide with the move in time. None is presented as its cause: a price can move on news that names no company, on the wider market, or on trading that no document records.
Filter by minute, hour, day or week — or compare against peers
Loading price history…
Measured on and published about a week later — this is a fortnightly snapshot, not a live position.
About 3.0% of this company's shares have been borrowed and sold by people expecting to buy them back cheaper. That is a bet the price falls. Those people can be wrong, and when a heavily shorted share rises they have to buy it back, which pushes it up further.
Collected by FINRA from broker-dealers twice a month. It counts positions, not intentions, and some of it is hedging rather than a directional bet against the company.
Nothing in this section is a figure this company reported about itself. These are expectations and positions — what the price implies, what analysts have published, what short sellers are betting, and what large funds held at the last count. WylthIQ reports them; it does not endorse them, does not forecast prices, and takes no view on whether any of them will turn out to be right.
The trailing P/E is 27.2x — investors pay $27.2 for each $1 of trailing profit.
Not meaningful for banks, insurers and other financial companies. Their balance sheets have no working capital and are leveraged by design, which this model misreads as distress.
Reported annual figures
| 9.2% |
| 20.9% |
| 29.45x |
| 2.98x |
| BLKBlackRock, Inc. | 8.7/10 | 4/7 | 18.7% | 22.9% | 31.76x | 1.94x |
|---|
| BNYBank of New York Mellon Corp | 7.3/10 | 6/7 | 7.8% | 27.6% | 18.02x | 9.65x |
|---|
| BAMBrookfield Asset Management Ltd. | 8.7/10 | 3/5 | 16.7% | 60.8% | 32.55x | 0.76x |
|---|
| STTSTATE STREET CORP | 7.3/10 | 6/6 | 7.3% | 21.1% | 15.91x | 12.15x |
|---|
| AMPAMERIPRISE FINANCIAL INC | 6.0/10 | 6/6 | 5.5% | 18.8% | 13.40x | 28.15x |
|---|
| NTRSNORTHERN TRUST CORP | 7.3/10 | 4/6 | 6.1% | 34.6% | 17.79x | 12.67x |
|---|
| Median of peers | 7.3/10 | — | 7.6% | 25.3% | 17.91x | 10.90x |
|---|
Peers come from the company's industry classification. A difference describes the companies; it does not rank them.
Sold on the open market — 922,164 shares at $3.54 ($3.3M)
Holds 5,306,121 shares after this filing.
Sold on the open market — 149,705 shares at $3.54 ($530.3K)
Holds 861,403 shares after this filing.
Sold on the open market — 399,476 shares at $3.54 ($1.4M)
Holds 2,298,584 shares after this filing.
Sold on the open market — 1,211,827 shares at $3.54 ($4.3M)
Holds 6,972,846 shares after this filing.
Sold on the open market — 10,930 shares at $3.54 ($38.7K)
Holds 62,890 shares after this filing.
Sold on the open market — 2,387 shares at $3.54 ($8.5K)
Holds 13,733 shares after this filing.
Sold on the open market — 91,376 shares at $2.94 ($268.5K)
Holds 452,654 shares after this filing.
Sold on the open market — 1,257,280 shares at $2.94 ($3.7M)
Holds 6,228,285 shares after this filing.
Sold on the open market — 204,109 shares at $2.94 ($599.7K)
Holds 1,011,108 shares after this filing.
Sold on the open market — 544,646 shares at $2.94 ($1.6M)
Holds 2,698,060 shares after this filing.
Sold on the open market — 1,652,209 shares at $2.94 ($4.9M)
Holds 8,184,673 shares after this filing.
Sold on the open market — 14,902 shares at $2.94 ($43.8K)
Holds 73,820 shares after this filing.
Sold on the open market — 3,254 shares at $2.94 ($9.6K)
Holds 16,120 shares after this filing.
Sold on the open market — 400 shares at $17.02 ($6.8K)
Holds 124,600 shares after this filing.
Sold on the open market — 124,600 shares at $16.40 ($2.0M)
Holds 0 shares after this filing.
Bought on the open market — 191,058 shares at $26.17 ($5.0M)
Holds 8,895,478 shares after this filing.
Bought on the open market — 637 shares at $26.17 ($16.7K)
Holds 29,399 shares after this filing.
Sold on the open market — 42,246 shares at $123.35 ($5.2M)
Holds 829,353 shares after this filing.
Sold on the open market — 57,754 shares at $124.13 ($7.2M)
Holds 771,599 shares after this filing.
Converted a derivative security — 571,237 shares
Holds 714,936 shares after this filing.
Sold on the open market — 571,237 shares at $21.85 ($12.5M)
Holds 143,699 shares after this filing.
Sold on the open market — 2,001,323 shares at $21.85 ($43.7M)
Holds 187,137,212 shares after this filing.
Reported another kind of transaction — 571,237 shares
Holds 53,270,810 shares after this filing.
Bought on the open market — 248,661 shares at $26.14 ($6.5M)
Holds 8,704,419 shares after this filing.
Bought on the open market — 23,981 shares at $26.14 ($626.9K)
Holds 28,763 shares after this filing.
Notice filed ahead of a planned sale — the sale itself has not necessarily happened yet.
Filed notice to sell 100,000 shares ($12.4M) on or after .
Shares originally obtained via Vesting of restricted stock unit awards.
Filed notice to sell 45,000 shares ($6.6M) on or after .
Shares originally obtained via Vesting of restricted stock unit awards.
Filed notice to sell 9,500 shares ($1.4M) on or after .
Shares originally obtained via Vesting of restricted stock unit awards.
Filed notice to sell 30,000 shares ($4.1M) on or after .
Shares originally obtained via Vesting if restricted stock unit awards.
Not investment advice, and not a signal to act on by itself — a filing says what happened, not why, and insiders trade for ordinary reasons having nothing to do with where they think the company is headed.
Made a Regulation FD disclosure
Quarterly report for Q2 FY2026
Revenue +35.9% · Profit margin +3.8 pts · Profit +60.8% — against Q2 FY2025
Read the filingPublished results
Read the filingMade a Regulation FD disclosure
Read the filingQuarterly report for Q1 FY2026
Revenue +10.0% · Profit +5.7% · Free cash flow -11.3% — against Q1 FY2025
Read the filingPublished results
Read the filingMade a Regulation FD disclosure
Read the filingAnnual report for FY2025
Revenue +9.2% · Capital spending +88.4% · Free cash flow +33.0% — against FY2024
Read the filingPublished results
Read the filingQuarterly report for Q3 FY2025
Revenue -15.7% · Profit margin −1.1 pts · Profit -20.0% — against Q3 FY2024
Read the filingSigned a material agreement · Took on a direct financial obligation · Reported another event
Read the filingReported another event
Read the filingReported another event
Read the filingPublished results
Read the filingPublished results
Read the filingSigned a material agreement · Took on a direct financial obligation
Read the filingMade a Regulation FD disclosure
Read the filingQuarterly report for Q2 FY2025
Read the filingThe first 40 of 1,485. The rest are in the exhibit.
Source: Exhibit 21 of the 10-K filed 2026-02-27. These are legal entities, not brands or acquisitions — a company that bought a business may hold it inside an entity named here, or inside one small enough that the rule does not require naming it at all.
Coverage from the last 30 days
Blackstone’s Profits Fell, but Its Stock Rose 4%. Here’s What Dividend Investors See
Yahoo ·
S&P 500 Top Movers: Gainers and Losers for Oct. 22, 2026
ChartMill ·
Blackstone (BX) Q3 2026 Earnings Call Transcript
Yahoo ·
Blackstone Inc. Q3 2026 Earnings Call Summary
Yahoo ·
S&P 500 Unusual Volume Movers in Today's Session
ChartMill ·
What Blackstone (BX) Said on Its Q3 Earnings Call
Yahoo ·
Blackstone Soars 6% on Earnings Beat as Schwarzman Says “Inflows Reached $63 Billion”
Yahoo ·
S&P 500 Top Movers: Gainers and Losers in Today's Session
ChartMill ·
Blackstone Writes Down Real Estate Values But Remains Bullish On Data Centers
Yahoo ·
Blackstone Inc. Reports Third Quarter 2026 Results
Fintel ·
Blackstone earnings: Why profits are feeling the squeeze
Yahoo ·
Blackstone's Gray Says AI Demand Is 'Parabolic'
Yahoo ·
Primary sources and further research