Asset Management
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FSK vs BX
Revenue, margins, valuation, and 5-year total return — side by side.
Asset Management
FSK vs BX — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Asset Management | Asset Management |
| Market Cap | $3.22B | $96.16B |
| Revenue (TTM) | $1.17B | $13.83B |
| Net Income (TTM) | $11M | $3.02B |
| Gross Margin | 69.6% | 86.0% |
| Operating Margin | 49.5% | 51.9% |
| Forward P/E | 6.7x | 20.9x |
| Total Debt | $7.63B | $13.31B |
| Cash & Equiv. | $181M | $2.63B |
FSK vs BX — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| FS KKR Capital Corp. (FSK) | 100 | 77.0 | -23.0% |
| Blackstone Inc. (BX) | 100 | 219.5 | +119.5% |
Price return only. Dividends and distributions are not included.
Quick Verdict: FSK vs BX
Each card shows where this stock fits in a portfolio — not just who wins on paper.
FSK carries the broadest edge in this set and is the clearest fit for income & stability and sleep-well-at-night.
- Dividend streak 3 yrs, beta 0.87
- Lower volatility, beta 0.87
- Beta 0.87
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 FSK's 12.4%
- 21.6% NII/revenue growth vs FSK's 5.5%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 21.6% NII/revenue growth vs FSK's 5.5% | |
| Value | Lower P/E (6.7x vs 20.9x) | |
| Quality / Margins | Efficiency ratio 0.2% vs BX's 0.3% (lower = leaner) | |
| Stability / Safety | Beta 0.87 vs BX's 1.53 | |
| Dividends | 6.3% yield; 2-year raise streak; the other pay no meaningful dividend | |
| Momentum (1Y) | -6.2% vs FSK's -27.8% | |
| Efficiency (ROA) | Efficiency ratio 0.2% vs BX's 0.3% |
FSK vs BX — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Segment breakdown not available.
FSK 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)
BX leads this category, winning 4 of 5 comparable metrics.
Income & Cash Flow (Last 12 Months)
BX is the larger business by revenue, generating $13.8B annually — 11.8x FSK's $1.2B. BX is the more profitable business, keeping 21.8% of every revenue dollar as net income compared to FSK's 0.9%.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $1.2B | $13.8B |
| EBITDAEarnings before interest/tax | $137M | $7.2B |
| Net IncomeAfter-tax profit | $11M | $3.0B |
| Free Cash FlowCash after capex | $1M | $3.5B |
| Gross MarginGross profit ÷ Revenue | +69.6% | +86.0% |
| Operating MarginEBIT ÷ Revenue | +49.5% | +51.9% |
| Net MarginNet income ÷ Revenue | +0.9% | +21.8% |
| FCF MarginFCF ÷ Revenue | +50.6% | +12.6% |
| Rev. Growth (YoY)Latest quarter vs prior year | — | — |
| EPS Growth (YoY)Latest quarter vs prior year | -178.8% | +41.3% |
Valuation Metrics
FSK leads this category, winning 4 of 6 comparable metrics.
Valuation Metrics
At 31.6x trailing earnings, BX trades at a 89% valuation discount to FSK's 292.6x P/E. On an enterprise value basis, BX's 14.8x EV/EBITDA is more attractive than FSK's 21.9x.
| Metric | ||
|---|---|---|
| Market CapShares × price | $3.2B | $96.2B |
| Enterprise ValueMkt cap + debt − cash | $10.7B | $106.8B |
| Trailing P/EPrice ÷ TTM EPS | 292.62x | 31.63x |
| Forward P/EPrice ÷ next-FY EPS est. | 6.71x | 20.89x |
| PEG RatioP/E ÷ EPS growth rate | — | 1.51x |
| EV / EBITDAEnterprise value multiple | 21.92x | 14.81x |
| Price / SalesMarket cap ÷ Revenue | 2.75x | 6.95x |
| Price / BookPrice ÷ Book value/share | 0.55x | 4.38x |
| Price / FCFMarket cap ÷ FCF | 5.44x | 55.11x |
Profitability & Efficiency
BX leads this category, winning 6 of 8 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 FSK. BX carries lower financial leverage with a 0.61x debt-to-equity ratio, signaling a more conservative balance sheet compared to FSK's 1.31x.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | +0.2% | +14.3% |
| ROA (TTM)Return on assets | +0.1% | +6.5% |
| ROICReturn on invested capital | +3.2% | +16.1% |
| ROCEReturn on capital employed | +4.2% | +16.9% |
| Piotroski ScoreFundamental quality 0–9 | 5 | 5 |
| Debt / EquityFinancial leverage | 1.31x | 0.61x |
| Net DebtTotal debt minus cash | $7.5B | $10.7B |
| Cash & Equiv.Liquid assets | $181M | $2.6B |
| Total DebtShort + long-term debt | $7.6B | $13.3B |
| Interest CoverageEBIT ÷ Interest expense | 0.30x | 14.12x |
Total Returns (Dividends Reinvested)
BX leads this category, winning 5 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 $12,004 for FSK. Over the past 12 months, BX leads with a -6.2% total return vs FSK's -27.8%. The 3-year compound annual growth rate (CAGR) favors BX at 18.0% vs FSK's 1.4% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | -19.8% | -21.1% |
| 1-Year ReturnPast 12 months | -27.8% | -6.2% |
| 3-Year ReturnCumulative with dividends | +4.2% | +64.4% |
| 5-Year ReturnCumulative with dividends | +20.0% | +63.0% |
| 10-Year ReturnCumulative with dividends | +12.4% | +478.0% |
| CAGR (3Y)Annualised 3-year return | +1.4% | +18.0% |
Risk & Volatility
Evenly matched — FSK and BX each lead in 1 of 2 comparable metrics.
Risk & Volatility
FSK is the less volatile stock with a 0.87 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. BX currently trades 64.6% from its 52-week high vs FSK's 50.7% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.87x | 1.53x |
| 52-Week HighHighest price in past year | $22.68 | $190.09 |
| 52-Week LowLowest price in past year | $9.72 | $101.73 |
| % of 52W HighCurrent price vs 52-week peak | +50.7% | +64.6% |
| RSI (14)Momentum oscillator 0–100 | 62.3 | 52.4 |
| Avg Volume (50D)Average daily shares traded | 4.4M | 7.3M |
Analyst Outlook
FSK leads this category, winning 1 of 1 comparable metric.
Analyst Outlook
Wall Street rates FSK as "Hold" and BX as "Buy". Consensus price targets imply 43.5% upside for FSK (target: $17) vs 27.4% for BX (target: $156). BX is the only dividend payer here at 6.27% yield — a key consideration for income-focused portfolios.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Buy |
| Price TargetConsensus 12-month target | $16.50 | $156.29 |
| # AnalystsCovering analysts | 13 | 29 |
| Dividend YieldAnnual dividend ÷ price | — | +6.3% |
| Dividend StreakConsecutive years of raises | 3 | 2 |
| Dividend / ShareAnnual DPS | — | $7.70 |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | +0.3% |
BX leads in 3 of 6 categories (Income & Cash Flow, Profitability & Efficiency). FSK leads in 2 (Valuation Metrics, Analyst Outlook). 1 tied.
FSK vs BX: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is FSK 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 5. 5% for FS KKR Capital Corp. (FSK). Blackstone Inc. (BX) offers the better valuation at 31. 6x trailing P/E (20. 9x 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 — FSK or BX?
On trailing P/E, Blackstone Inc.
(BX) is the cheapest at 31. 6x versus FS KKR Capital Corp. at 292. 6x. On forward P/E, FS KKR Capital Corp. is actually cheaper at 6. 7x — notably different from the trailing picture, reflecting expected earnings growth.
03Which is the better long-term investment — FSK or BX?
Over the past 5 years, Blackstone Inc.
(BX) delivered a total return of +63. 0%, compared to +20. 0% for FS KKR Capital Corp. (FSK). Over 10 years, the gap is even starker: BX returned +487. 1% versus FSK's +11. 9%. 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 — FSK or BX?
By beta (market sensitivity over 5 years), FS KKR Capital Corp.
(FSK) is the lower-risk stock at 0. 87β versus Blackstone Inc. 's 1. 53β — meaning BX is approximately 77% more volatile than FSK relative to the S&P 500. On balance sheet safety, Blackstone Inc. (BX) carries a lower debt/equity ratio of 61% versus 131% for FS KKR Capital Corp. — giving it more financial flexibility in a downturn.
05Which is growing faster — FSK or BX?
By revenue growth (latest reported year), Blackstone Inc.
(BX) is pulling ahead at 21. 6% versus 5. 5% for FS KKR Capital Corp. (FSK). On earnings-per-share growth, the picture is similar: Blackstone Inc. grew EPS 7. 2% year-over-year, compared to -98. 1% for FS KKR Capital Corp.. 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 — FSK or BX?
Blackstone Inc.
(BX) is the more profitable company, earning 21. 8% net margin versus 0. 9% for FS KKR Capital Corp. — 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 49. 5% for FSK. 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 FSK or BX more undervalued right now?
On forward earnings alone, FS KKR Capital Corp.
(FSK) trades at 6. 7x forward P/E versus 20. 9x for Blackstone Inc. — 14. 2x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for FSK: 43. 5% to $16. 50.
08Which pays a better dividend — FSK or BX?
In this comparison, BX (6.
3% yield) pays a dividend. FSK does not pay a meaningful dividend and should not be held primarily for income.
09Is FSK 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. 3% yield, +487. 1% 10Y return). Both have compounded well over 10 years (BX: +487. 1%, FSK: +11. 9%), 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 FSK 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.
In terms of investment character: FSK is a small-cap quality compounder stock; BX is a mid-cap high-growth stock. BX pays a dividend while FSK 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.
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