WHF
WhiteHorse Finance, Inc.
Asset Management
Market Cap$169M
5Y Perf.-22.1%
Compare Stocks
2 / 10Try these comparisons:
Stock Comparison
WHF vs BX
Revenue, margins, valuation, and 5-year total return — side by side.
BX
Blackstone Inc.
Asset Management
Market Cap$97.70B
5Y Perf.+119.5%
WHF vs BX — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | WHF | BX |
|---|---|---|
| Industry | Asset Management | Asset Management |
| Market Cap | $169M | $97.70B |
| Revenue (TTM) | $38M | $13.83B |
| Net Income (TTM) | $14M | $3.02B |
| Gross Margin | 52.3% | 86.0% |
| Operating Margin | 100.9% | 51.9% |
| Forward P/E | 7.0x | 20.9x |
| Total Debt | $324M | $13.31B |
| Cash & Equiv. | $29M | $2.63B |
WHF vs BX — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
WHF
BX
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| WhiteHorse Finance,… (WHF) | 100 | 77.9 | -22.1% |
| Blackstone Inc. (BX) | 100 | 219.5 | +119.5% |
Price return only. Dividends and distributions are not included.
Quick Verdict: WHF vs BX
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: WHF leads in 5 of 7 categories, making it the strongest pick for growth and revenue expansion and valuation and capital efficiency. Blackstone Inc. is the stronger pick specifically for recent price momentum and sentiment and operational efficiency and capital deployment. As sector peers, any of these can serve as alternatives in the same allocation.
WHF
WhiteHorse Finance, Inc.
The Banking Pick
WHF carries the broadest edge in this set and is the clearest fit for income & stability and growth exposure.
- Dividend streak 1 yrs, beta 0.47, yield 20.8%
- Rev growth 121.6%, EPS growth 31.9%
- Lower volatility, beta 0.47, current ratio 1.14x
Best for: income & stability and growth exposure
BX
Blackstone Inc.
The Banking Pick
BX is the clearest fit if your priority is long-term compounding.
- 487.1% 10Y total return vs WHF's 123.0%
- -3.2% vs WHF's -5.5%
- 6.5% ROA vs WHF's 2.2%, ROIC 16.1% vs 4.7%
Best for: long-term compounding
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | WHF | 121.6% NII/revenue growth vs BX's 21.6% |
| Value | WHF | Lower P/E (7.0x vs 20.9x) |
| Quality / Margins | WHF | 37.8% margin vs BX's 21.8% |
| Stability / Safety | WHF | Beta 0.47 vs BX's 1.53 |
| Dividends | WHF | 20.8% yield, 1-year raise streak, vs BX's 6.2% |
| Momentum (1Y) | BX | -3.2% vs WHF's -5.5% |
| Efficiency (ROA) | BX | 6.5% ROA vs WHF's 2.2%, ROIC 16.1% vs 4.7% |
WHF vs BX — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Segment breakdown not available.
FY 2025
WHF vs BX — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLWHFLAGGINGBX
BXBlackstone Inc.
2leads
WHFWhiteHorse Finance, I…
3leads
6 Total Categories
CATEGORYLEADERvs BXMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
WHF4/5
Valuation MetricsMultiples, price ratios, and targets
WHF6/6
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
BX6/9
Total Returns1Y, 3Y, 5Y total returns with dividends
BX5/6
Risk & VolatilityBeta, volatility, and downside exposure
WHF2/2
Analyst OutlookRatings, price targets, and dividends
Tied
—
Income & Cash Flow (Last 12 Months)
WHF 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 — 365.0x WHF's $38M. WHF is the more profitable business, keeping 37.8% of every revenue dollar as net income compared to BX's 21.8%.
| Metric | WHFWhiteHorse Financ… | BXBlackstone Inc. |
|---|---|---|
| RevenueTrailing 12 months | $38M | $13.8B |
| EBITDAEarnings before interest/tax | $0 | $7.2B |
| Net IncomeAfter-tax profit | $14M | $3.0B |
| Free Cash FlowCash after capex | $29M | $3.5B |
| Gross MarginGross profit ÷ Revenue | +52.3% | +86.0% |
| Operating MarginEBIT ÷ Revenue | +100.9% | +51.9% |
| Net MarginNet income ÷ Revenue | +37.8% | +21.8% |
| FCF MarginFCF ÷ Revenue | +50.9% | +12.6% |
| Rev. Growth (YoY)Latest quarter vs prior year | — | — |
| EPS Growth (YoY)Latest quarter vs prior year | +111.8% | +41.3% |
WHF leads this category, winning 4 of 5 comparable metrics.
Valuation Metrics
WHF leads this category, winning 6 of 6 comparable metrics.
Valuation Metrics
At 12.3x trailing earnings, WHF trades at a 62% valuation discount to BX's 32.1x P/E. On an enterprise value basis, WHF's 12.4x EV/EBITDA is more attractive than BX's 15.0x.
| Metric | WHFWhiteHorse Financ… | BXBlackstone Inc. |
|---|---|---|
| Market CapShares × price | $169M | $97.7B |
| Enterprise ValueMkt cap + debt − cash | $463M | $108.4B |
| Trailing P/EPrice ÷ TTM EPS | 12.26x | 32.14x |
| Forward P/EPrice ÷ next-FY EPS est. | 7.00x | 20.89x |
| PEG RatioP/E ÷ EPS growth rate | — | 1.54x |
| EV / EBITDAEnterprise value multiple | 12.37x | 15.02x |
| Price / SalesMarket cap ÷ Revenue | 4.46x | 7.07x |
| Price / BookPrice ÷ Book value/share | 0.68x | 4.45x |
| Price / FCFMarket cap ÷ FCF | 8.76x | 55.99x |
WHF leads this category, winning 6 of 6 comparable metrics.
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 $5 for WHF. BX carries lower financial leverage with a 0.61x debt-to-equity ratio, signaling a more conservative balance sheet compared to WHF's 1.25x. On the Piotroski fundamental quality scale (0–9), WHF scores 7/9 vs BX's 5/9, reflecting strong financial health.
| Metric | WHFWhiteHorse Financ… | BXBlackstone Inc. |
|---|---|---|
| ROE (TTM)Return on equity | +5.3% | +14.3% |
| ROA (TTM)Return on assets | +2.2% | +6.5% |
| ROICReturn on invested capital | +4.7% | +16.1% |
| ROCEReturn on capital employed | +6.5% | +16.9% |
| Piotroski ScoreFundamental quality 0–9 | 7 | 5 |
| Debt / EquityFinancial leverage | 1.25x | 0.61x |
| Net DebtTotal debt minus cash | $295M | $10.7B |
| Cash & Equiv.Liquid assets | $29M | $2.6B |
| Total DebtShort + long-term debt | $324M | $13.3B |
| Interest CoverageEBIT ÷ Interest expense | 1.62x | 14.12x |
BX leads this category, winning 6 of 9 comparable metrics.
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 $16,476 today (with dividends reinvested), compared to $9,906 for WHF. Over the past 12 months, BX leads with a -3.2% total return vs WHF's -5.5%. The 3-year compound annual growth rate (CAGR) favors BX at 19.1% vs WHF's 2.9% — a key indicator of consistent wealth creation.
| Metric | WHFWhiteHorse Financ… | BXBlackstone Inc. |
|---|---|---|
| YTD ReturnYear-to-date | +12.4% | -19.8% |
| 1-Year ReturnPast 12 months | -5.5% | -3.2% |
| 3-Year ReturnCumulative with dividends | +9.0% | +68.9% |
| 5-Year ReturnCumulative with dividends | -0.9% | +64.8% |
| 10-Year ReturnCumulative with dividends | +123.0% | +487.1% |
| CAGR (3Y)Annualised 3-year return | +2.9% | +19.1% |
BX leads this category, winning 5 of 6 comparable metrics.
Risk & Volatility
WHF leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
WHF is the less volatile stock with a 0.47 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. WHF currently trades 78.7% from its 52-week high vs BX's 65.6% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | WHFWhiteHorse Financ… | BXBlackstone Inc. |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.47x | 1.53x |
| 52-Week HighHighest price in past year | $9.66 | $190.09 |
| 52-Week LowLowest price in past year | $6.07 | $101.73 |
| % of 52W HighCurrent price vs 52-week peak | +78.7% | +65.6% |
| RSI (14)Momentum oscillator 0–100 | 53.3 | 51.8 |
| Avg Volume (50D)Average daily shares traded | 105K | 7.2M |
WHF leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Evenly matched — WHF and BX each lead in 1 of 2 comparable metrics.
Analyst Outlook
Wall Street rates WHF as "Hold" and BX as "Buy". Consensus price targets imply 57.9% upside for WHF (target: $12) vs 25.3% for BX (target: $156). For income investors, WHF offers the higher dividend yield at 20.79% vs BX's 6.18%.
| Metric | WHFWhiteHorse Financ… | BXBlackstone Inc. |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Buy |
| Price TargetConsensus 12-month target | $12.00 | $156.29 |
| # AnalystsCovering analysts | 18 | 29 |
| Dividend YieldAnnual dividend ÷ price | +20.8% | +6.2% |
| Dividend StreakConsecutive years of raises | 1 | 2 |
| Dividend / ShareAnnual DPS | $1.58 | $7.70 |
| Buyback YieldShare repurchases ÷ mkt cap | +4.4% | +0.3% |
Evenly matched — WHF and BX each lead in 1 of 2 comparable metrics.
Key Takeaway
WHF leads in 3 of 6 categories (Income & Cash Flow, Valuation Metrics). BX leads in 2 (Profitability & Efficiency, Total Returns). 1 tied.
Best OverallWhiteHorse Finance, Inc. (WHF)Leads 3 of 6 categories
Loading custom metrics...
WHF vs BX: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is WHF or BX a better buy right now?
For growth investors, WhiteHorse Finance, Inc.
(WHF) is the stronger pick with 121. 6% revenue growth year-over-year, versus 21. 6% for Blackstone Inc. (BX). WhiteHorse Finance, Inc. (WHF) offers the better valuation at 12. 3x trailing P/E (7. 0x 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 — WHF or BX?
On trailing P/E, WhiteHorse Finance, Inc.
(WHF) is the cheapest at 12. 3x versus Blackstone Inc. at 32. 1x. On forward P/E, WhiteHorse Finance, Inc. is actually cheaper at 7. 0x.
03Which is the better long-term investment — WHF or BX?
Over the past 5 years, Blackstone Inc.
(BX) delivered a total return of +64. 8%, compared to -0. 9% for WhiteHorse Finance, Inc. (WHF). Over 10 years, the gap is even starker: BX returned +487. 1% versus WHF's +123. 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 — WHF or BX?
By beta (market sensitivity over 5 years), WhiteHorse Finance, Inc.
(WHF) is the lower-risk stock at 0. 47β versus Blackstone Inc. 's 1. 53β — meaning BX is approximately 226% more volatile than WHF relative to the S&P 500. On balance sheet safety, Blackstone Inc. (BX) carries a lower debt/equity ratio of 61% versus 125% for WhiteHorse Finance, Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — WHF or BX?
By revenue growth (latest reported year), WhiteHorse Finance, Inc.
(WHF) is pulling ahead at 121. 6% versus 21. 6% for Blackstone Inc. (BX). On earnings-per-share growth, the picture is similar: WhiteHorse Finance, Inc. grew EPS 31. 9% 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 — WHF or BX?
WhiteHorse Finance, Inc.
(WHF) is the more profitable company, earning 37. 8% net margin versus 21. 8% for Blackstone Inc. — meaning it keeps 37. 8% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: WHF leads at 100. 9% 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 WHF or BX more undervalued right now?
On forward earnings alone, WhiteHorse Finance, Inc.
(WHF) trades at 7. 0x forward P/E versus 20. 9x for Blackstone Inc. — 13. 9x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for WHF: 57. 9% to $12. 00.
08Which pays a better dividend — WHF or BX?
All stocks in this comparison pay dividends.
WhiteHorse Finance, Inc. (WHF) offers the highest yield at 20. 8%, versus 6. 2% for Blackstone Inc. (BX).
09Is WHF or BX better for a retirement portfolio?
For long-horizon retirement investors, WhiteHorse Finance, Inc.
(WHF) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 47), 20. 8% yield, +123. 0% 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 (WHF: +123. 0%, 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 WHF 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.
Find Stocks Like These
Explore pre-built screens for each stock's profile, or build a custom screen to find stocks that outperform both.
Revenue Growth>
%
(WHF: 121.6% · BX: 21.6%)Net Margin>
%
(WHF: 37.8% · BX: 21.8%)P/E Ratio<
x
(WHF: 12.3x · BX: 32.1x)You Might Also Compare
Based on how these companies actually compete and overlap — not just which sector they're filed under.