Last 47 quarters of trend data · Financial Services · Asset Management
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Blackstone Inc.'s quarterly P/E stands at 29.6x, down 36.7% year-over-year — suggesting improving earnings relative to price. EV/EBITDA has compressed 39.3% YoY to 13.8x, reflecting multiple compression or accelerating EBITDA.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 31.78 | 29.64 | 53.39 | 38.16 | 43.68 | 46.85 | 37.53 | 53.36 | 29.59 | 163.65 | 36.69 | 29.42 | 199.64 |
| — | -36.7% | +42.3% | -28.5% | +47.6% | -71.4% | +2.3% | +81.4% | -85.2% | +561.7% | -99.5% | — | +893.9% | |
| P/S Ratio | 6.99 | 6.90 | 11.88 | 7.88 | 9.17 | 11.76 | 9.81 | 9.91 | 7.91 | 20.43 | 9.04 | 6.86 | 11.66 |
| — | -41.3% | +21.1% | -20.5% | +15.9% | -42.5% | +8.5% | +44.6% | -32.2% | +140.1% | -38.6% | -64.7% | +97.3% | |
| P/B Ratio | 4.40 | 5.50 | 6.26 | 5.55 | 5.44 | 6.80 | 6.04 | 5.10 | 5.41 | 5.49 | 4.32 | 3.69 | 3.50 |
| — | -19.1% | +3.5% | +8.9% | +0.6% | +23.8% | +40.0% | +38.0% | +54.2% | +96.1% | +37.1% | +22.1% | -16.5% | |
| P/FCF | 55.37 | — | 21.24 | 34.49 | 24.99 | 221.63 | 24.46 | 20.77 | 27.08 | 28.71 | 19.90 | 10.59 | 57.90 |
| — | — | -13.2% | +66.0% | -7.7% | +671.9% | +22.9% | +96.1% | -53.2% | +38.9% | +15.0% | +21.1% | +568.4% | |
| EV / EBITDA | 14.87 | 13.81 | 24.76 | 16.59 | 20.35 | 22.75 | 17.48 | 21.49 | 14.44 | 165.48 | 20.27 | 14.03 | 70.11 |
| — | -39.3% | +41.6% | -22.8% | +41.0% | -86.3% | -13.8% | +53.2% | -79.4% | +535.8% | -86.8% | — | +746.1% | |
| EV / EBIT | 14.95 | 13.86 | 24.91 | 16.67 | 20.48 | 22.88 | 17.57 | 21.65 | 14.51 | 175.09 | 20.44 | 14.12 | 73.64 |
| — | -39.4% | +41.8% | -23.0% | +41.2% | -86.9% | -14.0% | +53.4% | -80.3% | +556.6% | -88.4% | — | +783.1% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Blackstone Inc.'s operating margin was 54.2% in Q4 2025, up 2.8 pp QoQ and down 1.2 pp YoY. The trailing four-quarter average of 51.6% lags the current quarter, suggesting the recent improvement is above-trend. Gross margin contracted 32.8% YoY, suggesting cost inflation or competitive pricing pressure.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 86.0% | 64.5% | 95.5% | 96.3% | 96.0% | 95.9% | 96.3% | 95.5% | 96.6% | 91.0% | 95.1% | 95.8% | 92.6% |
| — | -32.8% | -0.8% | +0.9% | -0.6% | +5.3% | +1.3% | -0.3% | +4.3% | -2.9% | +2.9% | +4.6% | -5.8% | |
| Operating Margin | 51.9% | 54.2% | 51.4% | 51.6% | 49.3% | 55.4% | 60.4% | 50.3% | 59.5% | 12.8% | 49.7% | 55.5% | 18.4% |
| — | -2.2% | -14.8% | +2.6% | -17.2% | +333.9% | +21.4% | -9.3% | +224.1% | -65.7% | +435.6% | +310.1% | -75.7% | |
| Net Margin | 21.8% | 23.3% | 22.2% | 20.6% | 20.9% | 25.0% | 26.0% | 18.5% | 26.8% | 12.5% | 24.6% | 23.4% | 6.1% |
| — | -6.8% | -14.7% | +11.3% | -22.2% | +99.8% | +6.0% | -20.9% | +339.9% | -63.7% | +11187.8% | +760.4% | -80.2% |
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 14.6% | 4.7% | 2.9% | 3.7% | 3.1% | 3.6% | 4.1% | 2.4% | 4.6% | 0.8% | 2.9% | 3.2% | 0.4% |
| — | +29.9% | -28.1% | +56.0% | -32.6% | +339.0% | +40.6% | -24.8% | +937.2% | -70.9% | +25907.1% | +2458.0% | -91.9% | |
| ROA | 6.6% | 2.2% | 1.4% | 1.7% | 1.4% | 1.6% | 1.9% | 1.1% | 2.1% | 0.4% | 1.3% | 1.5% | 0.2% |
| — | +31.7% | -27.6% | +52.3% | -34.6% | +341.6% | +41.6% | -23.9% | +932.0% | -72.5% | +23582.1% | +2202.2% | -92.9% | |
| ROIC | 16.1% | 5.1% | 3.2% | 4.3% | 3.4% | 3.7% | 4.4% | 3.0% | 4.7% | 0.4% | 2.6% | 3.3% | 0.6% |
| — | +37.6% | -27.6% | +43.0% | -28.1% | +893.1% | +68.5% | -10.0% | +682.5% | -73.8% | +1002.1% | +746.9% | -91.7% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Blackstone Inc.'s Debt/EBITDA ratio is 5.6x, down from 8.9x last quarter — elevated, raising questions about debt serviceability. The current ratio has improved 18.5% YoY to 0.91x, strengthening the short-term liquidity position.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.61 | 0.61 | 0.60 | 0.61 | 0.67 | 0.63 | 0.61 | 0.63 | 0.63 | 0.68 | 0.70 | 0.70 | 0.71 |
| — | -3.5% | -1.2% | -3.2% | +6.5% | -7.3% | -12.2% | -9.3% | -11.3% | +0.1% | +30.1% | +41.7% | +58.6% | |
| Debt / EBITDA | 1.84 | 5.61 | 8.85 | 6.72 | 9.16 | 7.82 | 6.54 | 9.72 | 6.19 | 74.93 | 11.62 | 9.28 | 49.19 |
| — | -28.3% | +35.5% | -30.9% | +48.0% | -89.6% | -43.8% | +4.7% | -87.4% | +245.7% | -87.6% | — | +1375.4% | |
| Current Ratio | 0.91 | 0.91 | 0.87 | 0.86 | 0.76 | 0.77 | 0.99 | — | 3.81 | 3.44 | 5.20 | 6.13 | 5.09 |
| — | +18.5% | -11.9% | — | -80.0% | -77.6% | -80.9% | — | -25.1% | -52.4% | -29.9% | -32.8% | -36.7% | |
| Quick Ratio | 0.91 | 0.91 | 0.87 | 0.86 | 0.76 | 0.77 | 0.99 | — | 3.81 | 3.44 | 5.20 | 6.13 | 5.09 |
| — | +18.5% | -11.9% | — | -80.0% | -77.6% | -80.9% | — | -25.1% | -52.4% | -29.9% | -32.8% | -36.7% | |
| Interest Coverage | 14.12 | 18.45 | 11.45 | 14.10 | 12.30 | 13.51 | 16.26 | 11.13 | 17.37 | 1.43 | 10.10 | 13.20 | 2.47 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 47 years · Updated daily
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Quick answers to the most common questions about buying BX stock.
Blackstone Inc.'s current P/E is 31.8x. The average P/E over the last 4 quarters is 41.2x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Blackstone Inc.'s current operating margin is 51.9%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Blackstone Inc.'s business trajectory between earnings reports.