CGBD vs BX

For growth investors, Blackstone Inc.

(BX) is the stronger pick with 21. 6% revenue growth year-over-year, versus -2. 9% for Carlyle Secured Lending, Inc. (CGBD). Carlyle Secured Lending, Inc. (CGBD) offers the better valuation at 7. 5x trailing P/E (8. 2x 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.

On trailing P/E, Carlyle Secured Lending, Inc.

(CGBD) is the cheapest at 7. 5x versus Blackstone Inc. at 32. 1x. On forward P/E, Carlyle Secured Lending, Inc. is actually cheaper at 8. 2x. The PEG ratio (P/E divided by earnings growth rate) is the most growth-adjusted single valuation metric: Carlyle Secured Lending, Inc. wins at 0. 90x versus Blackstone Inc. 's 1. 00x — a PEG below 1. 0 traditionally signals the market is underpricing earnings growth.

Over the past 5 years, Blackstone Inc.

(BX) delivered a total return of +64. 8%, compared to +51. 3% for Carlyle Secured Lending, Inc. (CGBD). Over 10 years, the gap is even starker: BX returned +487. 1% versus CGBD's +48. 4%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

By beta (market sensitivity over 5 years), Carlyle Secured Lending, Inc.

(CGBD) is the lower-risk stock at 0. 61β versus Blackstone Inc. 's 1. 53β — meaning BX is approximately 149% more volatile than CGBD relative to the S&P 500. On balance sheet safety, Blackstone Inc. (BX) carries a lower debt/equity ratio of 61% versus 107% for Carlyle Secured Lending, Inc. — giving it more financial flexibility in a downturn.

By revenue growth (latest reported year), Blackstone Inc.

(BX) is pulling ahead at 21. 6% versus -2. 9% for Carlyle Secured Lending, Inc. (CGBD). On earnings-per-share growth, the picture is similar: Blackstone Inc. grew EPS 7. 2% year-over-year, compared to -3. 7% for Carlyle Secured Lending, 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.

Carlyle Secured Lending, Inc.

(CGBD) is the more profitable company, earning 53. 0% net margin versus 21. 8% for Blackstone Inc. — meaning it keeps 53. 0% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: CGBD leads at 54. 7% 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.

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, Carlyle Secured Lending, Inc. (CGBD) is the more undervalued stock at a PEG of 0. 90x versus Blackstone Inc. 's 1. 00x. A PEG below 1. 0 is traditionally considered the threshold for growth-adjusted undervaluation. On forward earnings alone, Carlyle Secured Lending, Inc. (CGBD) trades at 8. 2x forward P/E versus 20. 9x for Blackstone Inc. — 12. 7x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for CGBD: 26. 3% to $15. 00.

All stocks in this comparison pay dividends.

Blackstone Inc. (BX) offers the highest yield at 6. 2%, versus 0. 2% for Carlyle Secured Lending, Inc. (CGBD).

For long-horizon retirement investors, Carlyle Secured Lending, Inc.

(CGBD) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 61)). 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 (CGBD: +48. 4%, 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.

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: CGBD is a small-cap deep-value stock; BX is a mid-cap high-growth stock. BX pays a dividend while CGBD does not, making them suitable for different income and tax situations. 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.