BBU
Brookfield Business Partners L.P.
Conglomerates
Market Cap$2.79B
5Y Perf.+59.2%
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Stock Comparison
BBU vs BX
Revenue, margins, valuation, and 5-year total return — side by side.
BX
Blackstone Inc.
Asset Management
Market Cap$97.70B
5Y Perf.+99.6%
BBU vs BX — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | BBU | BX |
|---|---|---|
| Industry | Conglomerates | Asset Management |
| Market Cap | $2.79B | $97.70B |
| Revenue (TTM) | $27.57B | $13.83B |
| Net Income (TTM) | $-14M | $3.02B |
| Gross Margin | 19.3% | 86.0% |
| Operating Margin | 15.1% | 51.9% |
| Forward P/E | 18.3x | 20.5x |
| Total Debt | $43.67B | $13.31B |
| Cash & Equiv. | $3.54B | $2.63B |
BBU vs BX — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
BBU
BX
| Stock | May 20 | Mar 26 | Return |
|---|---|---|---|
| Brookfield Business… (BBU) | 100 | 159.2 | +59.2% |
| Blackstone Inc. (BX) | 100 | 199.6 | +99.6% |
Price return only. Dividends and distributions are not included.
Quick Verdict: BBU vs BX
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: BX leads in 4 of 7 categories, making it the strongest pick for growth and revenue expansion and profitability and margin quality. Brookfield Business Partners L.P. is the stronger pick specifically for valuation and capital efficiency and capital preservation and lower volatility. This set spans 2 sectors — these stocks serve different portfolio roles, not just different price points.
BBU
Brookfield Business Partners L.P.
The Defensive Pick
BBU is the clearest fit if your priority is sleep-well-at-night and defensive.
- Lower volatility, beta 1.33, current ratio 1.83x
- Beta 1.33, yield 2.2%, current ratio 1.83x
- Lower P/E (18.3x vs 20.5x)
Best for: sleep-well-at-night and defensive
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 6.2%
- Rev growth 21.6%, EPS growth 7.2%
- 487.1% 10Y total return vs BBU's 108.2%
Best for: income & stability and growth exposure
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | BX | 21.6% NII/revenue growth vs BBU's -31.2% |
| Value | BBU | Lower P/E (18.3x vs 20.5x) |
| Quality / Margins | BX | 21.8% margin vs BBU's -0.0% |
| Stability / Safety | BBU | Beta 1.33 vs BX's 1.53 |
| Dividends | BX | 6.2% yield, 2-year raise streak, vs BBU's 2.2% |
| Momentum (1Y) | BBU | +49.2% vs BX's -3.2% |
| Efficiency (ROA) | BX | 6.5% ROA vs BBU's -0.0%, ROIC 16.1% vs 5.8% |
BBU vs BX — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Segment breakdown not available.
FY 2025
BBU vs BX — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLBBULAGGINGBX
BXBlackstone Inc.
3leads
BBUBrookfield Business P…
3leads
6 Total Categories
CATEGORYLEADERvs BXMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
BX4/5
Valuation MetricsMultiples, price ratios, and targets
BBU6/6
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
BX9/9
Total Returns1Y, 3Y, 5Y total returns with dividends
BBU4/6
Risk & VolatilityBeta, volatility, and downside exposure
BBU2/2
Analyst OutlookRatings, price targets, and dividends
BX2/2
Income & Cash Flow (Last 12 Months)
BX leads this category, winning 4 of 5 comparable metrics.
Income & Cash Flow (Last 12 Months)
BBU is the larger business by revenue, generating $27.6B annually — 2.0x BX's $13.8B. BX is the more profitable business, keeping 21.8% of every revenue dollar as net income compared to BBU's -0.0%.
| Metric | BBUBrookfield Busine… | BXBlackstone Inc. |
|---|---|---|
| RevenueTrailing 12 months | $27.6B | $13.8B |
| EBITDAEarnings before interest/tax | $6.5B | $7.2B |
| Net IncomeAfter-tax profit | -$14M | $3.0B |
| Free Cash FlowCash after capex | $1.2B | $3.5B |
| Gross MarginGross profit ÷ Revenue | +19.3% | +86.0% |
| Operating MarginEBIT ÷ Revenue | +15.1% | +51.9% |
| Net MarginNet income ÷ Revenue | -0.0% | +21.8% |
| FCF MarginFCF ÷ Revenue | +4.2% | +12.6% |
| Rev. Growth (YoY)Latest quarter vs prior year | -3.0% | — |
| EPS Growth (YoY)Latest quarter vs prior year | +76.2% | +41.3% |
BX leads this category, winning 4 of 5 comparable metrics.
Valuation Metrics
BBU leads this category, winning 6 of 6 comparable metrics.
Valuation Metrics
On an enterprise value basis, BBU's 5.1x EV/EBITDA is more attractive than BX's 15.0x.
| Metric | BBUBrookfield Busine… | BXBlackstone Inc. |
|---|---|---|
| Market CapShares × price | $2.8B | $97.7B |
| Enterprise ValueMkt cap + debt − cash | $39.4B | $108.4B |
| Trailing P/EPrice ÷ TTM EPS | -62.92x | 32.14x |
| Forward P/EPrice ÷ next-FY EPS est. | 18.35x | 20.50x |
| PEG RatioP/E ÷ EPS growth rate | — | 1.54x |
| EV / EBITDAEnterprise value multiple | 5.13x | 15.02x |
| Price / SalesMarket cap ÷ Revenue | 0.07x | 7.07x |
| Price / BookPrice ÷ Book value/share | 0.14x | 4.45x |
| Price / FCFMarket cap ÷ FCF | 3.85x | 55.99x |
BBU leads this category, winning 6 of 6 comparable metrics.
Profitability & Efficiency
BX leads this category, winning 9 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 $-0 for BBU. BX carries lower financial leverage with a 0.61x debt-to-equity ratio, signaling a more conservative balance sheet compared to BBU's 2.86x. On the Piotroski fundamental quality scale (0–9), BX scores 5/9 vs BBU's 4/9, reflecting solid financial health.
| Metric | BBUBrookfield Busine… | BXBlackstone Inc. |
|---|---|---|
| ROE (TTM)Return on equity | -0.1% | +14.3% |
| ROA (TTM)Return on assets | -0.0% | +6.5% |
| ROICReturn on invested capital | +5.8% | +16.1% |
| ROCEReturn on capital employed | +6.8% | +16.9% |
| Piotroski ScoreFundamental quality 0–9 | 4 | 5 |
| Debt / EquityFinancial leverage | 2.86x | 0.61x |
| Net DebtTotal debt minus cash | $40.1B | $10.7B |
| Cash & Equiv.Liquid assets | $3.5B | $2.6B |
| Total DebtShort + long-term debt | $43.7B | $13.3B |
| Interest CoverageEBIT ÷ Interest expense | 1.15x | 14.12x |
BX leads this category, winning 9 of 9 comparable metrics.
Total Returns (Dividends Reinvested)
BBU 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 $16,476 today (with dividends reinvested), compared to $10,856 for BBU. Over the past 12 months, BBU leads with a +49.2% total return vs BX's -3.2%. The 3-year compound annual growth rate (CAGR) favors BBU at 23.2% vs BX's 19.1% — a key indicator of consistent wealth creation.
| Metric | BBUBrookfield Busine… | BXBlackstone Inc. |
|---|---|---|
| YTD ReturnYear-to-date | -12.0% | -19.8% |
| 1-Year ReturnPast 12 months | +49.2% | -3.2% |
| 3-Year ReturnCumulative with dividends | +86.9% | +68.9% |
| 5-Year ReturnCumulative with dividends | +8.6% | +64.8% |
| 10-Year ReturnCumulative with dividends | +108.2% | +487.1% |
| CAGR (3Y)Annualised 3-year return | +23.2% | +19.1% |
BBU leads this category, winning 4 of 6 comparable metrics.
Risk & Volatility
BBU leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
BBU is the less volatile stock with a 1.33 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. BBU currently trades 83.3% from its 52-week high vs BX's 65.6% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | BBUBrookfield Busine… | BXBlackstone Inc. |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.33x | 1.53x |
| 52-Week HighHighest price in past year | $37.75 | $190.09 |
| 52-Week LowLowest price in past year | $21.07 | $101.73 |
| % of 52W HighCurrent price vs 52-week peak | +83.3% | +65.6% |
| RSI (14)Momentum oscillator 0–100 | 48.2 | 51.8 |
| Avg Volume (50D)Average daily shares traded | 47K | 7.2M |
BBU leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
BX leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Wall Street rates BBU as "Buy" and BX as "Buy". Consensus price targets imply 33.5% upside for BBU (target: $42) vs 25.3% for BX (target: $156). For income investors, BX offers the higher dividend yield at 6.18% vs BBU's 2.20%.
| Metric | BBUBrookfield Busine… | BXBlackstone Inc. |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $42.00 | $156.29 |
| # AnalystsCovering analysts | 8 | 29 |
| Dividend YieldAnnual dividend ÷ price | +2.2% | +6.2% |
| Dividend StreakConsecutive years of raises | 0 | 2 |
| Dividend / ShareAnnual DPS | $0.61 | $7.70 |
| Buyback YieldShare repurchases ÷ mkt cap | +1.8% | +0.3% |
BX leads this category, winning 2 of 2 comparable metrics.
Key Takeaway
BX leads in 3 of 6 categories (Income & Cash Flow, Profitability & Efficiency). BBU leads in 3 (Valuation Metrics, Total Returns).
Best OverallBrookfield Business Partner… (BBU)Leads 3 of 6 categories
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BBU vs BX: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is BBU 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 -31. 2% for Brookfield Business Partners L. P. (BBU). Blackstone Inc. (BX) offers the better valuation at 32. 1x trailing P/E (20. 5x forward), making it the more compelling value choice. Analysts rate Brookfield Business Partners L. P. (BBU) a "Buy" — based on 8 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 — BBU or BX?
On forward P/E, Brookfield Business Partners L.
P. is actually cheaper at 18. 3x — notably different from the trailing picture, reflecting expected earnings growth.
03Which is the better long-term investment — BBU or BX?
Over the past 5 years, Blackstone Inc.
(BX) delivered a total return of +64. 8%, compared to +8. 6% for Brookfield Business Partners L. P. (BBU). Over 10 years, the gap is even starker: BX returned +476. 1% versus BBU's +108. 2%. 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 — BBU or BX?
By beta (market sensitivity over 5 years), Brookfield Business Partners L.
P. (BBU) is the lower-risk stock at 1. 33β versus Blackstone Inc. 's 1. 53β — meaning BX is approximately 15% more volatile than BBU relative to the S&P 500. On balance sheet safety, Blackstone Inc. (BX) carries a lower debt/equity ratio of 61% versus 3% for Brookfield Business Partners L. P. — giving it more financial flexibility in a downturn.
05Which is growing faster — BBU or BX?
By revenue growth (latest reported year), Blackstone Inc.
(BX) is pulling ahead at 21. 6% versus -31. 2% for Brookfield Business Partners L. P. (BBU). On earnings-per-share growth, the picture is similar: Brookfield Business Partners L. P. grew EPS 38. 0% year-over-year, compared to 7. 2% for Blackstone 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 — BBU or BX?
Blackstone Inc.
(BX) is the more profitable company, earning 21. 8% net margin versus -0. 1% for Brookfield Business Partners L. P. — 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 15. 1% for BBU. 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 BBU or BX more undervalued right now?
On forward earnings alone, Brookfield Business Partners L.
P. (BBU) trades at 18. 3x forward P/E versus 20. 5x for Blackstone Inc. — 2. 1x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for BBU: 33. 5% to $42. 00.
08Which pays a better dividend — BBU or BX?
All stocks in this comparison pay dividends.
Blackstone Inc. (BX) offers the highest yield at 6. 2%, versus 2. 2% for Brookfield Business Partners L. P. (BBU).
09Is BBU or BX better for a retirement portfolio?
For long-horizon retirement investors, Blackstone Inc.
(BX) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (6. 2% yield, +476. 1% 10Y return). Both have compounded well over 10 years (BX: +476. 1%, BBU: +108. 2%), 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 BBU and BX?
These companies operate in different sectors (BBU (Industrials) and BX (Financial Services)), which means they face different economic cycles, regulatory environments, and macro sensitivities — making direct comparison nuanced.
In terms of investment character: BBU is a small-cap quality compounder stock; BX is a mid-cap high-growth 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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