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 → | 31.53 | 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 | 6.93 | 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 | 4.37 | 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 | 54.93 | — | 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 | 14.77 | 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 | 14.84 | 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
Analyst consensus, bull case, AI-generated risk factors, and peer comparison — all in one place.
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorDCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
View ValuationCompare business quality, growth, and profitability against top sector peers.
Start ComparisonQuick answers to the most common questions about buying BX stock.
Blackstone Inc.'s current P/E is 31.5x. 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.