# Blackstone Inc. (BX) — Stock CV

Blackstone Inc. is a $85.8B financial services company. Revenue grew 14.8% over the last year, and it keeps 22¢ of every dollar of sales as profit. It trades at 40.3× earnings.

> Blackstone is the world's largest alternative-asset manager with $1.304 trillion in total assets under management, including $937.6 billion in fee-earning assets under management, at the end of March 2026.

## Identity

- **Ticker**: BX
- **Sector**: Financial Services
- **Industry**: Investment Advice
- **Headquarters**: NEW YORK, NY
- **Employees**: 5 285
- **Website**: https://www.blackstone.com
- **Market cap**: $85.8B
- **Last price**: $114.35
- **Financial profile**: Solid

## Vitals (TTM)

- **Revenue**: $16.1B
- **Net income**: $3.52B
- **Free cash flow**: $5.49B
- **P/E**: 40.3
- **Revenue growth (YoY)**: 14.8%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 64 |
| Growth | 50 |
| Profitability | 100 |
| Health | 36 |
| Quality | 77 |
| Moat | 88 |

## Qualifications (beginner checklist) — 9 of 11 passed

- [x] Revenue growing — +14.8% YoY
- [x] Profitable — $3.52B TTM
- [x] Profit growing — +17.9% YoY
- [x] Generates cash — $5.49B TTM
- [ ] Debt under control — current ratio 0.68
- [x] Established company — $85.8B market cap
- [ ] Not printing shares — +11.9% shares over ~5y
- [x] Proven track record — 10/10 profitable years
- [x] Financially stable — Altman Z 2.4 — grey
- [x] Pays a dividend — yield 4.50%
- [x] Valuation not extreme — P/E 40.3

## Experience (career milestones)

- **Q3 2026** — 3 open-market insider purchases: ~455 shares bought by insiders
- **Q2 2026** — 3 open-market insider purchases: ~439 shares bought by insiders
- **FY2021** — Revenue crossed $10B: $22.6B for the year
- **FY2021** — Best year on record: $5.86B net income
- **FY2018** — Positive free cash flow every year since: 8-year streak
- **FY2016** — Profitable every year on record: 10 consecutive profitable years in our data
- **FY2016** — Revenue already above $1B: $5.13B in first reported year
- **2016** — The company became Brixmor Property Group and Blackstone sold its remaining interest in the company in August 2016
- **2013** — 2GIG was flipped to Nortek Security & Control, LLC for $135 million
- **2009** — Blackstone acquired Busch Entertainment Corporation from Anheuser-Busch InBev for $2.9 billion
- **2008** — Blackstone, NBC Universal, and Bain Capital acquired The Weather Channel from Landmark Communications…
- **Jun 21, 2007** — Blackstone became a public company via an initial public offering, selling a 12.3% stake in the…
- **2002** — Blackstone acquired TRW Automotive in a $4.7 billion buyout, the largest private equity deal announced…
- **1996** — Also, in 1996, Blackstone partnered with the Loewen Group, the second-largest funeral home and cemetery operator in…
- **1990** — Blackstone created a fund of hedge funds business to manage internal assets for Blackstone and its senior…
- **1989** — Blackstone acquired freight railroad operator CNW Corporation
- **1985** — Blackstone was founded in 1985 by Peter G

## Strengths

- High gross margin (83.1%)
- Strongly profitable — 21.8% net margin
- Revenue growing 14.8% year over year
- Strong cash conversion — FCF is 34.1% of revenue
- Interest covered 7.1× by operating earnings

## Watch-outs

- None stand out in the data.

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $22.6B | $5.86B | $3.92B |
| FY2022 | $8.52B | $1.75B | $6.10B |
| FY2023 | $8.02B | $1.39B | $3.83B |
| FY2024 | $13.2B | $2.78B | $3.42B |
| FY2025 | $14.5B | $3.02B | $4.55B |

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Source: https://stockcv.com/BX — derived from company filings; may be delayed or incomplete. Information, not investment advice.