BX
Blackstone Inc.
Asset Management
Market Cap$96.16B
5Y Perf.+116.1%
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Stock Comparison
BX vs KKR
Revenue, margins, valuation, and 5-year total return — side by side.
KKR
KKR & Co. Inc.
Asset Management
Market Cap$90.94B
5Y Perf.+267.6%
BX vs KKR — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | BX | KKR |
|---|---|---|
| Industry | Asset Management | Asset Management |
| Market Cap | $96.16B | $90.94B |
| Revenue (TTM) | $13.83B | $19.26B |
| Net Income (TTM) | $3.02B | $2.37B |
| Gross Margin | 86.0% | 41.8% |
| Operating Margin | 51.9% | 2.4% |
| Forward P/E | 20.6x | 16.7x |
| Total Debt | $13.31B | $54.77B |
| Cash & Equiv. | $2.63B | $6M |
BX vs KKR — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
BX
KKR
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Blackstone Inc. (BX) | 100 | 216.1 | +116.1% |
| KKR & Co. Inc. (KKR) | 100 | 367.6 | +267.6% |
Price return only. Dividends and distributions are not included.
Quick Verdict: BX vs KKR
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: BX leads in 6 of 7 categories, making it the strongest pick for growth and revenue expansion and profitability and margin quality. KKR & Co. Inc. is the stronger pick specifically for valuation and capital efficiency. As sector peers, any of these can serve as alternatives in the same allocation.
BX
Blackstone Inc.
The Banking Pick
BX carries the broadest edge in this set and is the clearest fit for income & stability and growth exposure.
- Dividend streak 2 yrs, beta 1.53, yield 6.3%
- Rev growth 21.6%, EPS growth 7.2%
- Lower volatility, beta 1.53, Low D/E 60.8%, current ratio 0.91x
Best for: income & stability and growth exposure
KKR
KKR & Co. Inc.
The Banking Pick
KKR is the clearest fit if your priority is long-term compounding.
- 7.2% 10Y total return vs BX's 478.0%
- Lower P/E (16.7x vs 20.6x)
Best for: long-term compounding
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | BX | 21.6% NII/revenue growth vs KKR's -11.0% |
| Value | KKR | Lower P/E (16.7x vs 20.6x) |
| Quality / Margins | BX | Efficiency ratio 0.3% vs KKR's 0.4% (lower = leaner) |
| Stability / Safety | BX | Beta 1.53 vs KKR's 1.70, lower leverage |
| Dividends | BX | 6.3% yield, 2-year raise streak, vs KKR's 0.8% |
| Momentum (1Y) | BX | -6.2% vs KKR's -10.5% |
| Efficiency (ROA) | BX | Efficiency ratio 0.3% vs KKR's 0.4% |
BX vs KKR — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
FY 2025
FY 2025
BX vs KKR — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLBXLAGGINGKKR
KKRKKR & Co. Inc.
2leads
BXBlackstone Inc.
2leads
6 Total Categories
CATEGORYLEADERvs KKRMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
BX4/5
Valuation MetricsMultiples, price ratios, and targets
KKR4/6
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
BX8/9
Total Returns1Y, 3Y, 5Y total returns with dividends
KKR5/6
Risk & VolatilityBeta, volatility, and downside exposure
Tied
—
Analyst OutlookRatings, price targets, and dividends
Tied
—
Income & Cash Flow (Last 12 Months)
BX leads this category, winning 4 of 5 comparable metrics.
Income & Cash Flow (Last 12 Months)
KKR and BX operate at a comparable scale, with $19.3B and $13.8B in trailing revenue. BX is the more profitable business, keeping 21.8% of every revenue dollar as net income compared to KKR's 12.3%.
| Metric | BXBlackstone Inc. | KKRKKR & Co. Inc. |
|---|---|---|
| RevenueTrailing 12 months | $13.8B | $19.3B |
| EBITDAEarnings before interest/tax | $7.2B | $9.0B |
| Net IncomeAfter-tax profit | $3.0B | $2.4B |
| Free Cash FlowCash after capex | $3.5B | $7.5B |
| Gross MarginGross profit ÷ Revenue | +86.0% | +41.8% |
| Operating MarginEBIT ÷ Revenue | +51.9% | +2.4% |
| Net MarginNet income ÷ Revenue | +21.8% | +12.3% |
| FCF MarginFCF ÷ Revenue | +12.6% | +49.4% |
| Rev. Growth (YoY)Latest quarter vs prior year | — | — |
| EPS Growth (YoY)Latest quarter vs prior year | +41.3% | -1.7% |
BX leads this category, winning 4 of 5 comparable metrics.
Valuation Metrics
KKR leads this category, winning 4 of 6 comparable metrics.
Valuation Metrics
At 31.6x trailing earnings, BX trades at a 27% valuation discount to KKR's 43.6x P/E. On an enterprise value basis, BX's 14.8x EV/EBITDA is more attractive than KKR's 20.4x.
| Metric | BXBlackstone Inc. | KKRKKR & Co. Inc. |
|---|---|---|
| Market CapShares × price | $96.2B | $90.9B |
| Enterprise ValueMkt cap + debt − cash | $106.8B | $145.7B |
| Trailing P/EPrice ÷ TTM EPS | 31.63x | 43.59x |
| Forward P/EPrice ÷ next-FY EPS est. | 20.56x | 16.70x |
| PEG RatioP/E ÷ EPS growth rate | 1.51x | — |
| EV / EBITDAEnterprise value multiple | 14.81x | 20.45x |
| Price / SalesMarket cap ÷ Revenue | 6.95x | 4.72x |
| Price / BookPrice ÷ Book value/share | 4.38x | 1.19x |
| Price / FCFMarket cap ÷ FCF | 55.11x | 9.55x |
KKR leads this category, winning 4 of 6 comparable metrics.
Profitability & Efficiency
BX leads this category, winning 8 of 9 comparable metrics.
Profitability & Efficiency
BX delivers a 14.3% return on equity — every $100 of shareholder capital generates $14 in annual profit, vs $3 for KKR. BX carries lower financial leverage with a 0.61x debt-to-equity ratio, signaling a more conservative balance sheet compared to KKR's 0.67x. On the Piotroski fundamental quality scale (0–9), KKR scores 6/9 vs BX's 5/9, reflecting solid financial health.
| Metric | BXBlackstone Inc. | KKRKKR & Co. Inc. |
|---|---|---|
| ROE (TTM)Return on equity | +14.3% | +3.2% |
| ROA (TTM)Return on assets | +6.5% | +0.6% |
| ROICReturn on invested capital | +16.1% | +0.3% |
| ROCEReturn on capital employed | +16.9% | +0.1% |
| Piotroski ScoreFundamental quality 0–9 | 5 | 6 |
| Debt / EquityFinancial leverage | 0.61x | 0.67x |
| Net DebtTotal debt minus cash | $10.7B | $54.8B |
| Cash & Equiv.Liquid assets | $2.6B | $6M |
| Total DebtShort + long-term debt | $13.3B | $54.8B |
| Interest CoverageEBIT ÷ Interest expense | 14.12x | 3.29x |
BX leads this category, winning 8 of 9 comparable metrics.
Total Returns (Dividends Reinvested)
KKR leads this category, winning 5 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in KKR five years ago would be worth $18,121 today (with dividends reinvested), compared to $16,301 for BX. Over the past 12 months, BX leads with a -6.2% total return vs KKR's -10.5%. The 3-year compound annual growth rate (CAGR) favors KKR at 26.4% vs BX's 18.0% — a key indicator of consistent wealth creation.
| Metric | BXBlackstone Inc. | KKRKKR & Co. Inc. |
|---|---|---|
| YTD ReturnYear-to-date | -21.1% | -20.7% |
| 1-Year ReturnPast 12 months | -6.2% | -10.5% |
| 3-Year ReturnCumulative with dividends | +64.4% | +102.1% |
| 5-Year ReturnCumulative with dividends | +63.0% | +81.2% |
| 10-Year ReturnCumulative with dividends | +478.0% | +720.7% |
| CAGR (3Y)Annualised 3-year return | +18.0% | +26.4% |
KKR leads this category, winning 5 of 6 comparable metrics.
Risk & Volatility
Evenly matched — BX and KKR each lead in 1 of 2 comparable metrics.
Risk & Volatility
BX is the less volatile stock with a 1.53 beta — it tends to amplify market swings less than KKR's 1.70 beta. A beta below 1.0 means the stock typically moves less than the S&P 500.
| Metric | BXBlackstone Inc. | KKRKKR & Co. Inc. |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.53x | 1.70x |
| 52-Week HighHighest price in past year | $190.09 | $153.87 |
| 52-Week LowLowest price in past year | $101.73 | $82.67 |
| % of 52W HighCurrent price vs 52-week peak | +64.6% | +66.3% |
| RSI (14)Momentum oscillator 0–100 | 52.4 | 58.5 |
| Avg Volume (50D)Average daily shares traded | 7.3M | 6.7M |
Evenly matched — BX and KKR each lead in 1 of 2 comparable metrics.
Analyst Outlook
Evenly matched — BX and KKR each lead in 1 of 2 comparable metrics.
Analyst Outlook
Wall Street rates BX as "Buy" and KKR as "Buy". Consensus price targets imply 40.2% upside for KKR (target: $143) vs 27.4% for BX (target: $156). For income investors, BX offers the higher dividend yield at 6.27% vs KKR's 0.79%.
| Metric | BXBlackstone Inc. | KKRKKR & Co. Inc. |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $156.29 | $143.00 |
| # AnalystsCovering analysts | 29 | 26 |
| Dividend YieldAnnual dividend ÷ price | +6.3% | +0.8% |
| Dividend StreakConsecutive years of raises | 2 | 6 |
| Dividend / ShareAnnual DPS | $7.70 | $0.80 |
| Buyback YieldShare repurchases ÷ mkt cap | +0.3% | +0.1% |
Evenly matched — BX and KKR each lead in 1 of 2 comparable metrics.
Key Takeaway
BX leads in 2 of 6 categories (Income & Cash Flow, Profitability & Efficiency). KKR leads in 2 (Valuation Metrics, Total Returns). 2 tied.
Best OverallBlackstone Inc. (BX)Leads 2 of 6 categories
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BX vs KKR: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is BX or KKR a better buy right now?
For growth investors, Blackstone Inc.
(BX) is the stronger pick with 21. 6% revenue growth year-over-year, versus -11. 0% for KKR & Co. Inc. (KKR). Blackstone Inc. (BX) offers the better valuation at 31. 6x trailing P/E (20. 6x forward), making it the more compelling value choice. Analysts rate Blackstone Inc. (BX) a "Buy" — based on 29 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — BX or KKR?
On trailing P/E, Blackstone Inc.
(BX) is the cheapest at 31. 6x versus KKR & Co. Inc. at 43. 6x. On forward P/E, KKR & Co. Inc. is actually cheaper at 16. 7x — notably different from the trailing picture, reflecting expected earnings growth.
03Which is the better long-term investment — BX or KKR?
Over the past 5 years, KKR & Co.
Inc. (KKR) delivered a total return of +81. 2%, compared to +63. 0% for Blackstone Inc. (BX). Over 10 years, the gap is even starker: KKR returned +720. 7% versus BX's +478. 0%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — BX or KKR?
By beta (market sensitivity over 5 years), Blackstone Inc.
(BX) is the lower-risk stock at 1. 53β versus KKR & Co. Inc. 's 1. 70β — meaning KKR is approximately 11% more volatile than BX relative to the S&P 500. On balance sheet safety, Blackstone Inc. (BX) carries a lower debt/equity ratio of 61% versus 67% for KKR & Co. Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — BX or KKR?
By revenue growth (latest reported year), Blackstone Inc.
(BX) is pulling ahead at 21. 6% versus -11. 0% for KKR & Co. Inc. (KKR). On earnings-per-share growth, the picture is similar: Blackstone Inc. grew EPS 7. 2% year-over-year, compared to -28. 7% for KKR & Co. Inc.. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — BX or KKR?
Blackstone Inc.
(BX) is the more profitable company, earning 21. 8% net margin versus 12. 3% for KKR & Co. Inc. — meaning it keeps 21. 8% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: BX leads at 51. 9% versus 2. 4% for KKR. At the gross margin level — before operating expenses — BX leads at 86. 0%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is BX or KKR more undervalued right now?
On forward earnings alone, KKR & Co.
Inc. (KKR) trades at 16. 7x forward P/E versus 20. 6x for Blackstone Inc. — 3. 9x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for KKR: 40. 2% to $143. 00.
08Which pays a better dividend — BX or KKR?
All stocks in this comparison pay dividends.
Blackstone Inc. (BX) offers the highest yield at 6. 3%, versus 0. 8% for KKR & Co. Inc. (KKR).
09Is BX or KKR better for a retirement portfolio?
For long-horizon retirement investors, KKR & Co.
Inc. (KKR) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (0. 8% yield, +720. 7% 10Y return). Blackstone Inc. (BX) carries a higher beta of 1. 53 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (KKR: +720. 7%, BX: +478. 0%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between BX and KKR?
Both stocks operate in the Financial Services sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: BX is a mid-cap high-growth stock; KKR is a mid-cap quality compounder stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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Revenue Growth>
%
(BX: 21.6% · KKR: -11.0%)Net Margin>
%
(BX: 21.8% · KKR: 12.3%)P/E Ratio<
x
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