BXBlackstone Inc.
Investment Advice
- Revenue
- $14.5B
- 9.2% YoY
- Operating margin
- —
- EBITDA
- —
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- —
- $10.8B net debt
- AI in 10-K
- —
Red flags 2 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear154% of net incomeCash flow under 80% of net income
- Dilutive SBCFired10% of revenueOver 10% of revenue
- Payouts exceed cash flowFired129% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear4% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $22.6B | $8.5B | $8.0B | $13.2B | $14.5B | 9.2% |
| Net income | $5.9B | $1.7B | $1.4B | $2.8B | $3.0B | 8.7% |
| Operating cash flow | $4.0B | $6.3B | $4.1B | $3.5B | $4.7B | 34% |
| Capex | $64M | $235M | $224M | $61M | $116M | 88% |
| Stock-based comp | $637M | $846M | $988M | $1.2B | $1.4B | 24% |
| Dividends | $4.6B | $6.5B | $4.3B | $4.4B | $6.0B | 36% |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
No pay-versus-performance disclosure yet.