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About

Blackstone Inc. is an alternative asset management firm specializing in private equity, real estate, hedge fund solutions, credit, secondary funds of funds, public debt and equity and multi-asset class strategies. The firm typically invests in early-stage, seed, middle market, mature, late venture, growth capital, emerging growth and later stage companies. It also provide capital markets services. The real estate segment specializes in opportunistic, core+ investments as well as debt investment opportunities collateralized by commercial real estate, and stabilized income-oriented commercial real estate across North America, Europe and Asia. The firm's corporate private equity business pursues transactions throughout the world across a variety of transaction types, including large buyouts, recapitalization, special situations, distressed mortgage loans, mid-cap buyouts, buy and build platforms, which involves multiple acquisitions behind a single management team and platform, and growth equity/development projects involving significant majority stakes in portfolio companies and minority investments in operating companies, shipping, real estate, corporate or consumer loans, and alternative energy greenfield development projects in energy and power, property, dislocated markets, shipping opportunities, financial institution breakups, re-insurance, and improving freight mobility, financial services, cargo, data processing, oil & gas production, oil & gas refining, oil & gas storage, building products, home entertainment, B2B, consumer electronics, home supply store, lodging, commercial services & supplies, metal & mineral mining machinery, coal, hazardous waste collection, solid waste collection, waste water treatment, renewable electricity, equity REITs, power generation by nuclear & fossil fuels, personal loan services, chemcials, other specialty retail, biotech, pharmaceuticals, metal, aerospace, healthcare, cable, entertainment services, infrastructure services, transportation infrastructure, exhaust, life sciences, alternative carriers, infrastructure, system software, manufacturing services, enterprise tech and consumer, enterprise software & application, as well as consumer technologies. The firm considers investment in Asia and Latin America. It seeks to invest between $0.25 million and $900 million per transaction. It invests in companies with enterprise value between $500 million and $5000 million. It has a three year investment period. The firm prefers to take majority and minority stakes. Its hedge fund business manages a broad range of commingled and customized fund solutions and its credit business focuses on loans, and securities of non-investment grade companies spread across the capital structure including senior debt, subordinated debt, preferred stock and common equity. Blackstone Inc. through its subsidiary South City Projects (Kolkata) Limited offers residential and commercial real estate development services that include development od township, residential towers, malls, IT parks, stadiums, resorts, hospitals, and schools. Blackstone Inc. was founded in 1985 and is headquartered in New York, New York with additional offices across Asia, Europe, North America and Central America.

Fundamentals
Scroll to Statements
Sector Financial Services Industry Asset Management Market Cap 145.37B
Enterprise Value 116.48B Income 3.02B Sales 14.21B
Book/sh 11.06 Cash/sh 3.36 Dividend Yield 4.01%
Payout 121.19% Employees — IPO —
P/E 30.55 Forward P/E 14.85 PEG —
P/S 10.23 P/B 10.69 P/C —
EV/EBITDA — EV/Sales 8.20 Quick Ratio 1.00
Current Ratio 1.02 Debt/Eq 60.81 LT Debt/Eq —
EPS (ttm) 3.87 EPS next Y 7.96 EPS Growth 42.50%
Revenue Growth 50.60% Earnings 2026-04-16 ROA 13.26%
ROE 29.23% ROIC — Gross Margin 100.00%
Oper. Margin 52.83% Profit Margin 21.24% Shs Outstand 748.69M
Shs Float 743.23M Short Float 1.75% Short Ratio 2.11
Short Interest — 52W High 190.09 52W Low 115.32
Beta 1.76 Avg Volume 5.00M Volume 7.86M
Target Price $166.47 Recom Buy Prev Close $116.41
Price $118.22 Change 1.55%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$166.47
Mean price target
2. Current target
$118.22
Latest analyst target
3. DCF / Fair value
$58.05
Fallback: EPS × 15 (assumed fair P/E). No FCF data; use with …
Ratings
Current target
$118.22
Low
$137.00
High
$215.00
Mean
$166.47

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-02-24 init RBC Capital — → Outperform $179
2026-02-20 main UBS Neutral → Neutral $137
2026-02-02 main Piper Sandler Neutral → Neutral $158
2026-01-30 main JP Morgan Neutral → Neutral $158
2026-01-30 reit TD Cowen Buy → Buy $183
2026-01-30 main Barclays Equal-Weight → Equal-Weight $164
2026-01-30 reit Citizens Market Outperform → Market Outperform $195
2026-01-14 main TD Cowen Buy → Buy $183
2026-01-13 main UBS Neutral → Neutral $172
2026-01-09 main Barclays Equal-Weight → Equal-Weight $171
2025-12-12 main Barclays Equal-Weight → Equal-Weight $172
2025-10-24 main TD Cowen Buy → Buy $205
2025-10-24 main Piper Sandler Neutral → Neutral $168
2025-10-24 main Barclays Equal-Weight → Equal-Weight $165
2025-10-24 main JP Morgan Neutral → Neutral $176
2025-10-24 reit JMP Securities Market Outperform → Market Outperform $195
2025-10-21 main Morgan Stanley Overweight → Overweight $215
2025-10-13 main Citigroup Neutral → Neutral $170
2025-10-09 main Piper Sandler Neutral → Neutral $173
2025-10-08 main Barclays Equal-Weight → Equal-Weight $171
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 524 68553 — Purchase at price 130.30 - 131.11 per share. PORAT RUTH M Director — 2026-02-17 00:00:00 D/I
1 41174 — — Stock Award(Grant) at price 0.00 per share. CHAE MICHAEL S. Chief Financial Officer — 2026-01-12 00:00:00 D
2 29458 — — Stock Award(Grant) at price 0.00 per share. SAWHNEY VIKRANT Officer — 2026-01-12 00:00:00 D
3 14959 — — Stock Award(Grant) at price 0.00 per share. FINLEY JOHN G Officer — 2026-01-12 00:00:00 D
4 51216 — — Stock Award(Grant) at price 0.00 per share. BARATTA JOSEPH P Director — 2026-01-12 00:00:00 D
5 1656 — — Stock Award(Grant) at price 0.00 per share. PAYNE DAVID Officer — 2026-01-12 00:00:00 D
6 51216 — — Stock Award(Grant) at price 0.00 per share. GRAY JONATHAN D. President — 2026-01-12 00:00:00 D
7 2244 — — Stock Gift at price 0.00 per share. PARRETT WILLIAM G Director — 2025-11-12 00:00:00 D
8 402 58835 — Purchase at price 143.40 - 148.92 per share. PORAT RUTH M Director — 2025-11-10 00:00:00 D/I
9 1529 — — Stock Award(Grant) at price 0.00 per share. PARRETT WILLIAM G Director — 2025-11-07 00:00:00 D
Financials
Line Item2024-12-312023-12-312022-12-312021-12-31
TaxEffectOfUnusualItems0.000.000.000.00
TaxRateForCalcs0.160.170.140.09
NetIncomeFromContinuingOperationNetMinorityInterest2.78B1.39B1.75B5.86B
ReconciledDepreciation35.97M40.08M67.10M74.87M
NetInterestIncome-32.53M84.63M-45.61M-37.62M
InterestExpense443.69M431.87M317.23M198.27M
InterestIncome411.16M516.50M271.61M160.64M
NormalizedIncome2.78B1.39B1.75B5.86B
NetIncomeFromContinuingAndDiscontinuedOperation2.78B1.39B1.75B5.86B
DilutedAverageShares766.65M755.42M740.94M719.77M
BasicAverageShares766.49M755.20M740.66M719.77M
DilutedEPS3.621.842.368.13
BasicEPS3.621.842.368.14
DilutedNIAvailtoComStockholders2.78B1.39B1.75B5.86B
NetIncomeCommonStockholders2.78B1.39B1.75B5.86B
NetIncome2.78B1.39B1.75B5.86B
MinorityInterests-2.66B-1.05B-1.24B-6.52B
NetIncomeIncludingNoncontrollingInterests5.44B2.44B2.99B12.37B
NetIncomeContinuousOperations5.44B2.44B2.99B12.37B
TaxProvision1.02B513.46M472.88M1.18B
PretaxIncome6.46B2.96B3.46B13.56B
GainOnSaleOfSecurity3.88B2.47B6.13B7.12B
OperatingExpense4.47B4.05B3.67B3.09B
OtherOperatingExpenses41.25M27.20M-22.28M2.76M
SellingGeneralAndAdministration1.38B1.24B1.12B928.22M
GeneralAndAdministrativeExpense1.38B1.24B1.12B928.22M
TotalRevenue10.93B7.01B7.13B16.65B
OperatingRevenue10.93B7.01B7.13B16.65B
Line Item2024-12-312023-12-312022-12-312021-12-31
OrdinarySharesNumber768.72M758.04M742.65M732.04M
ShareIssued768.72M758.04M742.65M732.04M
NetDebt9.35B8.35B8.10B5.69B
TotalDebt12.29B12.29B13.37B8.71B
TangibleBookValue6.16B4.73B5.55B7.25B
InvestedCapital19.53B18.12B20.01B17.23B
NetTangibleAssets6.16B4.73B5.55B7.25B
CommonStockEquity8.21B6.82B7.66B9.42B
TotalCapitalization19.53B18.12B20.01B17.23B
TotalEquityGrossMinorityInterest19.50B18.08B19.68B21.71B
MinorityInterest11.28B11.26B12.03B12.28B
StockholdersEquity8.21B6.82B7.66B9.42B
RetainedEarnings808.08M660.73M1.75B3.65B
AdditionalPaidInCapital7.44B6.18B5.94B5.79B
CapitalStock7.00K7.00K7.00K7.00K
CommonStock7.00K7.00K7.00K7.00K
PreferredStock0.000.000.000.00
TotalLiabilitiesNetMinorityInterest23.97B22.21B22.84B19.49B
PreferredSecuritiesOutsideStockEquity1.72B68.03M
LongTermDebtAndCapitalLeaseObligation12.29B12.29B13.37B8.71B
Payables2.81B2.39B2.12B1.91B
OtherPayable2.81B2.39B2.12B1.91B
AccountsPayable2.28B1.25B937.17M
TotalAssets43.47B40.29B42.52B41.20B
InvestmentsAndAdvances29.98B26.32B27.76B28.81B
InvestmentinFinancialAssets11.04B9.62B9.86B145.40M
AvailableForSaleSecurities10.84B9.43B9.59B
LongTermEquityInvestment18.94B16.70B17.89B28.67B
GoodwillAndOtherIntangibleAssets2.06B2.09B2.11B2.17B
OtherIntangibleAssets165.24M201.21M217.29M284.38M
Goodwill1.89B1.89B1.89B1.89B
NetPPE1.34B1.38B1.31B1.03B
AccumulatedDepreciation-483.20M-394.60M-336.62M-278.84M
GrossPPE1.83B1.78B1.65B1.31B
PrepaidAssets192.78M207.89M165.08M92.36M
Receivables5.65B4.66B4.61B5.29B
CashAndCashEquivalents1.97B2.96B4.25B2.12B
CashCashEquivalentsAndFederalFundsSold2.18B3.27B4.49B2.20B
Line Item2024-12-312023-12-312022-12-312021-12-31
FreeCashFlow3.42B3.83B6.10B3.92B
RepurchaseOfCapitalStock-661.07M-418.02M-465.96M-1.27B
RepaymentOfDebt-103.22M-502.46M-280.77M0.00
IssuanceOfDebt741.17M494.98M3.52B2.22B
CapitalExpenditure-61.41M-224.23M-235.50M-64.32M
EndCashPosition2.18B3.27B4.49B2.20B
BeginningCashPosition3.27B4.49B2.20B2.06B
EffectOfExchangeRateChanges-14.56M4.99M-12.32M-9.81M
ChangesInCash-1.08B-1.23B2.31B145.08M
FinancingCashFlow-4.50B-5.05B-3.79B-3.78B
NetOtherFinancingCharges-54.27M-359.94M-50.49M-123.79M
CashDividendsPaid-4.42B-4.27B-6.52B-4.60B
CommonStockDividendPaid-4.42B-4.27B-6.52B-4.60B
NetCommonStockIssuance-661.07M-418.02M-465.96M-1.27B
CommonStockPayments-661.07M-418.02M-465.96M-1.27B
NetIssuancePaymentsOfDebt637.95M-7.49M3.24B2.22B
NetLongTermDebtIssuance637.95M-7.49M3.24B2.22B
LongTermDebtPayments-103.22M-502.46M-280.77M0.00
LongTermDebtIssuance741.17M494.98M3.52B2.22B
InvestingCashFlow-61.41M-229.65M-235.50M-64.32M
NetBusinessPurchaseAndSale0.00-5.42M0.000.00
PurchaseOfBusiness0.00-5.42M0.000.00
NetPPEPurchaseAndSale-61.41M-224.23M-235.50M-64.32M
PurchaseOfPPE-61.41M-224.23M-235.50M-64.32M
OperatingCashFlow3.48B4.06B6.34B3.99B
ChangeInWorkingCapital-1.54B-617.75M-1.09B-2.34B
ChangeInOtherCurrentLiabilities0.000.000.000.00
ChangeInOtherCurrentAssets-74.06M-160.89M4.94M-4.79M
ChangeInAccruedExpense-1.21B-1.07B-2.20B-1.69B
ChangeInPayable211.51M45.45M275.24M192.88M
ChangeInReceivables-465.04M569.25M832.12M-836.36M
OtherNonCashItems2.29B2.32B3.87B-1.96B
DepreciationAndAmortization35.97M40.08M67.10M74.87M
AmortizationCashFlow35.97M40.08M67.10M74.87M
Depreciation0.000.000.000.00
GainLossOnInvestmentSecurities-2.75B-127.02M493.76M-4.17B
NetIncomeFromContinuingOperations5.44B2.44B2.99B12.37B
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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