OWLBLUE OWL CAPITAL INC.
Investment Advice
- Revenue
- $2.9B
- 25% YoY
- Operating margin
- —
- EBITDA
- —
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- —
- $3.4B 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 cashClear411% of net incomeCash flow under 80% of net income
- Dilutive SBCFired23% of revenueOver 10% of revenue
- Payouts exceed cash flowClear48% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyFired46% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $824M | $1.4B | $1.7B | $2.3B | $2.9B | 25% |
| Net income | −$1.8B | −$40M | $221M | $420M | $305M | 27% |
| Operating cash flow | $282M | $728M | $949M | $1000M | $1.3B | 26% |
| Capex | $5M | $66M | $68M | $64M | $58M | 10% |
| Stock-based comp | $1.2B | $421M | $313M | $313M | $674M | 115% |
| Buybacks | $0 | $79M | $0 | $0 | $54M | |
| Dividends | $47M | $183M | $248M | $368M | $547M | 48% |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | — | — | 156 | 196 |
| FY2024 | — | — | 233 | 187 |
| FY2023 | — | — | 144 | 135 |
| FY2022 | — | — | 98 | 110 |
| FY2021 | — | — | 132 | 141 |