Financial - Credit Services
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BBDC vs BX
Revenue, margins, valuation, and 5-year total return — side by side.
Asset Management
BBDC vs BX — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Financial - Credit Services | Asset Management |
| Market Cap | $965M | $96.16B |
| Revenue (TTM) | $249M | $13.83B |
| Net Income (TTM) | $102M | $3.02B |
| Gross Margin | 74.0% | 86.0% |
| Operating Margin | 85.2% | 51.9% |
| Forward P/E | 9.2x | 20.9x |
| Total Debt | $1.43B | $13.31B |
| Cash & Equiv. | $67M | $2.63B |
BBDC vs BX — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Barings BDC, Inc. (BBDC) | 100 | 118.6 | +18.6% |
| Blackstone Inc. (BX) | 100 | 219.5 | +119.5% |
Price return only. Dividends and distributions are not included.
Quick Verdict: BBDC vs BX
Each card shows where this stock fits in a portfolio — not just who wins on paper.
BBDC carries the broadest edge in this set and is the clearest fit for income & stability and sleep-well-at-night.
- Dividend streak 7 yrs, beta 0.56, yield 12.9%
- Lower volatility, beta 0.56, current ratio 3.91x
- PEG 0.22 vs BX's 1.00
BX is the clearest fit if your priority is growth exposure and long-term compounding.
- Rev growth 21.6%, EPS growth 7.2%
- 478.0% 10Y total return vs BBDC's 26.6%
- 21.6% NII/revenue growth vs BBDC's 19.0%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 21.6% NII/revenue growth vs BBDC's 19.0% | |
| Value | Lower P/E (9.2x vs 20.9x), PEG 0.22 vs 1.00 | |
| Quality / Margins | 41.0% margin vs BX's 21.8% | |
| Stability / Safety | Beta 0.56 vs BX's 1.53 | |
| Dividends | 12.9% yield, 7-year raise streak, vs BX's 6.3% | |
| Momentum (1Y) | +21.0% vs BX's -6.2% | |
| Efficiency (ROA) | 6.5% ROA vs BBDC's 3.7%, ROIC 16.1% vs 6.1% |
BBDC vs BX — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Segment breakdown not available.
BBDC vs BX — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
BBDC leads this category, winning 3 of 5 comparable metrics.
Income & Cash Flow (Last 12 Months)
BX is the larger business by revenue, generating $13.8B annually — 55.6x BBDC's $249M. BBDC is the more profitable business, keeping 41.0% of every revenue dollar as net income compared to BX's 21.8%.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $249M | $13.8B |
| EBITDAEarnings before interest/tax | $149M | $7.2B |
| Net IncomeAfter-tax profit | $102M | $3.0B |
| Free Cash FlowCash after capex | $250M | $3.5B |
| Gross MarginGross profit ÷ Revenue | +74.0% | +86.0% |
| Operating MarginEBIT ÷ Revenue | +85.2% | +51.9% |
| Net MarginNet income ÷ Revenue | +41.0% | +21.8% |
| FCF MarginFCF ÷ Revenue | +64.5% | +12.6% |
| Rev. Growth (YoY)Latest quarter vs prior year | — | — |
| EPS Growth (YoY)Latest quarter vs prior year | 0.0% | +41.3% |
Valuation Metrics
BBDC leads this category, winning 7 of 7 comparable metrics.
Valuation Metrics
At 9.5x trailing earnings, BBDC trades at a 70% valuation discount to BX's 31.6x P/E. Adjusting for growth (PEG ratio), BBDC offers better value at 0.23x vs BX's 1.51x — a lower PEG means you pay less per unit of expected earnings growth.
| Metric | ||
|---|---|---|
| Market CapShares × price | $965M | $96.2B |
| Enterprise ValueMkt cap + debt − cash | $2.3B | $106.8B |
| Trailing P/EPrice ÷ TTM EPS | 9.51x | 31.63x |
| Forward P/EPrice ÷ next-FY EPS est. | 9.24x | 20.89x |
| PEG RatioP/E ÷ EPS growth rate | 0.23x | 1.51x |
| EV / EBITDAEnterprise value multiple | 12.20x | 14.81x |
| Price / SalesMarket cap ÷ Revenue | 3.88x | 6.95x |
| Price / BookPrice ÷ Book value/share | 0.84x | 4.38x |
| Price / FCFMarket cap ÷ FCF | 6.01x | 55.11x |
Profitability & Efficiency
BX leads this category, winning 6 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 $9 for BBDC. BX carries lower financial leverage with a 0.61x debt-to-equity ratio, signaling a more conservative balance sheet compared to BBDC's 1.23x. On the Piotroski fundamental quality scale (0–9), BBDC scores 6/9 vs BX's 5/9, reflecting solid financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | +8.7% | +14.3% |
| ROA (TTM)Return on assets | +3.7% | +6.5% |
| ROICReturn on invested capital | +6.1% | +16.1% |
| ROCEReturn on capital employed | +8.1% | +16.9% |
| Piotroski ScoreFundamental quality 0–9 | 6 | 5 |
| Debt / EquityFinancial leverage | 1.23x | 0.61x |
| Net DebtTotal debt minus cash | $1.4B | $10.7B |
| Cash & Equiv.Liquid assets | $67M | $2.6B |
| Total DebtShort + long-term debt | $1.4B | $13.3B |
| Interest CoverageEBIT ÷ Interest expense | 1.43x | 14.12x |
Total Returns (Dividends Reinvested)
BBDC leads this category, winning 4 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in BX five years ago would be worth $16,301 today (with dividends reinvested), compared to $13,909 for BBDC. Over the past 12 months, BBDC leads with a +21.0% total return vs BX's -6.2%. The 3-year compound annual growth rate (CAGR) favors BBDC at 20.2% vs BX's 18.0% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | +2.6% | -21.1% |
| 1-Year ReturnPast 12 months | +21.0% | -6.2% |
| 3-Year ReturnCumulative with dividends | +73.5% | +64.4% |
| 5-Year ReturnCumulative with dividends | +39.1% | +63.0% |
| 10-Year ReturnCumulative with dividends | +26.6% | +478.0% |
| CAGR (3Y)Annualised 3-year return | +20.2% | +18.0% |
Risk & Volatility
BBDC leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
BBDC is the less volatile stock with a 0.56 beta — it tends to amplify market swings less than BX's 1.53 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. BBDC currently trades 92.9% from its 52-week high vs BX's 64.6% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.56x | 1.53x |
| 52-Week HighHighest price in past year | $9.92 | $190.09 |
| 52-Week LowLowest price in past year | $7.96 | $101.73 |
| % of 52W HighCurrent price vs 52-week peak | +92.9% | +64.6% |
| RSI (14)Momentum oscillator 0–100 | 67.6 | 52.4 |
| Avg Volume (50D)Average daily shares traded | 711K | 7.3M |
Analyst Outlook
BBDC leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Wall Street rates BBDC as "Buy" and BX as "Buy". Consensus price targets imply 35.6% upside for BBDC (target: $13) vs 27.4% for BX (target: $156). For income investors, BBDC offers the higher dividend yield at 12.92% vs BX's 6.27%.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $12.50 | $156.29 |
| # AnalystsCovering analysts | 19 | 29 |
| Dividend YieldAnnual dividend ÷ price | +12.9% | +6.3% |
| Dividend StreakConsecutive years of raises | 7 | 2 |
| Dividend / ShareAnnual DPS | $1.19 | $7.70 |
| Buyback YieldShare repurchases ÷ mkt cap | +0.7% | +0.3% |
BBDC leads in 5 of 6 categories (Income & Cash Flow, Valuation Metrics). BX leads in 1 (Profitability & Efficiency).
BBDC vs BX: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is BBDC or BX a better buy right now?
For growth investors, Blackstone Inc.
(BX) is the stronger pick with 21. 6% revenue growth year-over-year, versus 19. 0% for Barings BDC, Inc. (BBDC). Barings BDC, Inc. (BBDC) offers the better valuation at 9. 5x trailing P/E (9. 2x forward), making it the more compelling value choice. Analysts rate Barings BDC, Inc. (BBDC) a "Buy" — based on 19 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 — BBDC or BX?
On trailing P/E, Barings BDC, Inc.
(BBDC) is the cheapest at 9. 5x versus Blackstone Inc. at 31. 6x. On forward P/E, Barings BDC, Inc. is actually cheaper at 9. 2x. The PEG ratio (P/E divided by earnings growth rate) is the most growth-adjusted single valuation metric: Barings BDC, Inc. wins at 0. 22x versus Blackstone Inc. 's 1. 00x — a PEG below 1. 0 traditionally signals the market is underpricing earnings growth.
03Which is the better long-term investment — BBDC or BX?
Over the past 5 years, Blackstone Inc.
(BX) delivered a total return of +63. 0%, compared to +39. 1% for Barings BDC, Inc. (BBDC). Over 10 years, the gap is even starker: BX returned +487. 1% versus BBDC's +20. 7%. 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 — BBDC or BX?
By beta (market sensitivity over 5 years), Barings BDC, Inc.
(BBDC) is the lower-risk stock at 0. 56β versus Blackstone Inc. 's 1. 53β — meaning BX is approximately 172% more volatile than BBDC relative to the S&P 500. On balance sheet safety, Blackstone Inc. (BX) carries a lower debt/equity ratio of 61% versus 123% for Barings BDC, Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — BBDC or BX?
By revenue growth (latest reported year), Blackstone Inc.
(BX) is pulling ahead at 21. 6% versus 19. 0% for Barings BDC, Inc. (BBDC). On earnings-per-share growth, the picture is similar: Blackstone Inc. grew EPS 7. 2% year-over-year, compared to -6. 7% for Barings BDC, 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 — BBDC or BX?
Barings BDC, Inc.
(BBDC) is the more profitable company, earning 41. 0% net margin versus 21. 8% for Blackstone Inc. — meaning it keeps 41. 0% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: BBDC leads at 85. 2% versus 51. 9% for BX. 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 BBDC or BX more undervalued right now?
The PEG ratio (forward P/E divided by expected earnings growth rate) is the most precise measure of undervaluation relative to growth potential.
By this metric, Barings BDC, Inc. (BBDC) is the more undervalued stock at a PEG of 0. 22x versus Blackstone Inc. 's 1. 00x. A PEG below 1. 0 is traditionally considered the threshold for growth-adjusted undervaluation. On forward earnings alone, Barings BDC, Inc. (BBDC) trades at 9. 2x forward P/E versus 20. 9x for Blackstone Inc. — 11. 7x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for BBDC: 35. 6% to $12. 50.
08Which pays a better dividend — BBDC or BX?
All stocks in this comparison pay dividends.
Barings BDC, Inc. (BBDC) offers the highest yield at 12. 9%, versus 6. 3% for Blackstone Inc. (BX).
09Is BBDC or BX better for a retirement portfolio?
For long-horizon retirement investors, Barings BDC, Inc.
(BBDC) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 56), 12. 9% yield). 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 (BBDC: +20. 7%, BX: +487. 1%), 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 BBDC and BX?
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.
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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