Blackstone Inc. - Understand $bx stock

$BX Market Cap: $225 Billion

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$11.43B

TTM

Gross Margin

Net Earnings

$2.224B

TTM

Current Assets

$7.998B

Q3 2024

Current Liabilities

$12.36B

Q3 2024

Current Ratio

64.72%

Q3 2024

Total Assets

$42.58B

Q3 2024

Total Liabilities

$35.57B

Q3 2024

Book Value

$7.008B

Q3 2024

Cash

$2.353B

Q3 2024

P/E

101.1

Dec 02, 2024 EST

Free Cash Flow

$4.135B

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004
Revenue	$8.023B	$8.518B	$22.58B	$6.102B	$7.338B	$6.833B	$7.145B	$5.146B	$4.647B	$7.485B	$6.613B	$4.019B	$3.253B	$3.119B	$1.910B	-$598.8M	$8.473B	$8.708B	$5.639B	$6.718B
YoY Change	-5.81%	-62.27%	270.0%	-16.85%	7.39%	-4.36%	38.84%	10.76%	-37.92%	13.18%	64.53%	23.58%	4.27%	63.33%	-418.94%	-107.07%	-2.69%	54.41%	-16.06%	69.48%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004
Revenue	$8.023B	$8.518B	$22.58B	$6.102B	$7.338B	$6.833B	$7.145B	$5.146B	$4.647B	$7.485B	$6.613B	$4.019B	$3.253B	$3.119B	$1.910B	-$598.8M	$8.473B	$8.708B	$5.639B	$6.718B
Cost Of Revenue									$879.7M	$1.305B	$1.413B
Gross Profit									$3.767B	$6.180B	$5.200B
Gross Profit Margin									81.07%	82.57%	78.63%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004
Selling, General & Admin	$4.549B	$4.656B	$9.226B	$3.278B	$3.739B	$3.324B	$3.530B	$2.765B	$2.356B	$2.449B	$2.346B	$3.188B	$3.330B	$4.103B	$4.229B	$4.364B	$2.733B	$516.2M	$338.0M	$260.8M
YoY Change	-2.29%	-49.54%	181.43%	-12.31%	12.47%	-5.82%	27.67%	17.36%	-3.8%	4.4%	-26.42%	-4.28%	-18.83%	-2.97%	-3.1%	59.68%	429.41%	52.72%	29.6%	16.38%
% of Gross Profit									62.54%	39.63%	45.11%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$94.10M	$69.20M	$74.87M	$71.10M	$71.00M	$23.90M	$25.20M	$32.00M	$26.00M	$28.60M	$33.60M	$34.00M	$31.60M	$24.00M	$158.0M	$153.2M	$117.6M	$0.00	$0.00
YoY Change	35.98%	-7.57%	5.3%	0.14%	197.07%	-5.16%	-21.25%	23.08%	-9.09%	-14.88%	-1.18%	7.59%	31.67%	-84.81%	3.13%	30.27%
% of Gross Profit									0.69%	0.46%	0.65%
Operating Expenses	$4.549B	$4.656B	$9.278B	$3.313B	$3.765B	$3.348B	$3.727B	$2.929B	$3.091B	$2.430B	$2.346B	$3.188B	$3.330B	$4.103B	$4.229B	$4.364B	$2.733B	$516.2M	$338.0M	$260.8M
YoY Change	-2.29%	-49.82%	180.03%	-12.0%	12.46%	-10.18%	27.28%	-5.25%	27.22%	3.59%	-26.42%	-4.28%	-18.83%	-2.97%	-3.1%	59.68%	429.39%	52.72%	29.6%	16.38%
Operating Profit									$675.9M	$3.750B	$2.855B
YoY Change									-81.98%	31.38%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004
Interest Expense	-$488.7M	-$422.4M	$263.4M	-$135.7M	$83.20M	$164.0M	$197.5M	$152.7M	$144.5M	$121.5M	$108.0M	$72.87M	$57.82M	$41.23M	-$13.40M	-$23.00M	-$32.10M	-$5.893B	-$3.958B	-$4.918B
YoY Change	15.7%	-260.38%	-294.07%	-263.1%	-49.27%	-16.96%	29.37%	5.63%	18.92%	12.55%	48.17%	26.02%	40.25%	-407.68%	-41.74%	-28.35%	-99.46%	48.88%	-19.51%	76.46%
% of Operating Profit									21.38%	3.24%	3.78%
Other Income/Expense, Net	-$84.00M	-$82.86M	$458.9M	-$4.841M	$444.4M	$191.7M	$725.5M	$184.8M	$259.1M	$357.9M	$402.1M	$256.1M	$212.8M	$502.0M	$40.60M	-$622.9M
YoY Change	1.37%	-118.06%	-9578.72%	-101.09%	131.79%	-73.57%	292.67%	-28.69%	-27.6%	-11.01%	56.99%	20.4%	-57.62%	1136.44%	-106.52%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004
Pretax Income	$2.958B	$3.462B	$13.56B	$2.618B	$3.818B	$3.513B	$4.118B	$2.382B	$1.815B	$3.987B	$3.149B	$1.015B	$77.26M	-$522.7M	-$2.292B	-$5.608B	$5.708B	$2.298B	$1.343B	$1.539B
YoY Change	-14.56%	-74.47%	418.03%	-31.44%	8.68%	-14.69%	72.91%	31.24%	-54.48%	26.62%	210.23%	1213.66%	-114.78%	-77.19%	-59.14%	-198.25%	148.4%	71.13%	-12.76%	61.53%
Income Tax	$513.5M	$472.9M	$1.184B	$356.0M	-$48.00M	$249.4M	$743.1M	$132.4M	$190.4M	$291.2M	$255.6M	$185.0M	$345.7M	$84.67M	$99.20M	-$14.10M	$47.70M	$31.90M	$12.30M	$16.10M
% Of Pretax Income	17.36%	13.66%	8.73%	13.6%	-1.26%	7.1%	18.05%	5.56%	10.49%	7.3%	8.12%	18.23%	447.48%				0.84%	1.39%	0.92%	1.05%
Net Earnings	$1.391B	$1.748B	$5.857B	$1.045B	$2.050B	$1.542B	$1.471B	$1.039B	$709.8M	$1.585B	$1.171B	$218.6M	-$168.3M	-$370.0M	-$715.3M	-$1.163B	-$335.5M	$2.266B	$1.331B	$1.523B
YoY Change	-20.41%	-70.16%	460.3%	-49.0%	32.94%	4.79%	41.61%	46.38%	-55.21%	35.3%	435.78%	-229.88%	-54.52%	-48.27%	-38.5%	246.65%	-114.8%	70.3%	-12.64%	61.86%
Net Earnings / Revenue	17.34%	20.52%	25.94%	17.13%	27.93%	22.56%	20.59%	20.19%	15.28%	21.17%	17.71%	5.44%	-5.17%	-11.86%	-37.45%		-3.96%	26.03%	23.6%	22.67%
Basic Earnings Per Share	$1.84	$2.36	$8.14	$1.50		$2.27	$2.21	$1.60	$1.12	$2.60	$2.00	$0.41	-$0.35	-$1.02
Diluted Earnings Per Share	$1.84	$2.359M	$8.134M	$1.499M	$3.031M	$2.26	$2.21	$1.56	$1.04	$2.58	$1.98	$0.41	-$0.35	-$1.02	-$2.508M	-$4.357M	-$1.277M	$9.656M	$5.670M	$6.490M

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005
Cash & Short-Term Investments	$3.272B	$4.494B	$2.200B	$2.064B	$2.524B	$2.545B	$3.922B	$2.842B	$2.424B	$3.221B	$1.878B	$2.114B	$1.480B	$1.379B	$1.038B	$1.411B	$1.032B	$940.0M	$450.0M
YoY Change	-27.19%	104.28%	6.58%	-18.23%	-0.83%	-35.11%	38.0%	17.24%	-24.74%	71.51%	-11.16%	42.84%	7.32%	32.85%	-26.44%	36.72%	9.79%	108.89%
Cash & Equivalents	$2.956B	$4.252B	$2.120B	$1.999B	$2.172B	$2.208B	$1.992B	$1.837B	$1.837B	$1.412B	$832.0M	$710.0M	$755.0M	$589.0M	$952.0M	$504.0M	$869.0M	$129.0M	$86.00M
Short-Term Investments
Other Short-Term Assets	$207.9M	$165.1M	$92.36M	$105.0M	$159.0M	$111.0M	$79.00M	$97.00M	$190.0M	$103.0M	$61.00M	$81.00M	$82.00M	$81.00M	$31.00M	$37.00M	$63.00M	$297.0M	$223.0M
YoY Change	25.93%	78.74%	-12.04%	-33.96%	43.24%	40.51%	-18.56%	-48.95%	84.47%	68.85%	-24.69%	-1.22%	1.23%	161.29%	-16.22%	-41.27%	-78.79%	33.18%
Inventory
Prepaid Expenses
Receivables	$193.4M	$462.9M	$636.6M	$866.0M	$975.0M	$636.0M	$875.0M	$773.0M	$613.0M	$559.0M	$888.0M	$638.0M	$406.0M	$496.0M	$306.0M	$312.0M	$1.025B	$1.054B	$169.0M
Other Receivables	$4.467B	$4.147B	$4.657B	$3.222B	$2.595B	$1.994B	$2.028B	$1.442B	$1.241B	$1.129B	$1.192B	$1.120B	$861.0M	$795.0M	$760.0M	$1.088B	$856.0M	$258.0M	$160.0M
Total Short-Term Assets	$7.932B	$9.103B	$7.586B	$6.257B	$6.253B	$5.286B	$6.904B	$5.154B	$4.468B	$5.012B	$4.019B	$3.953B	$2.829B	$2.751B	$2.135B	$2.848B	$2.976B	$2.549B	$1.002B
YoY Change	-12.87%	20.01%	21.23%	0.06%	18.29%	-23.44%	33.95%	15.35%	-10.85%	24.71%	1.67%	39.73%	2.84%	28.85%	-25.04%	-4.3%	16.75%	154.39%
Property, Plant & Equipment	$841.3M	$897.0M	$1.034B	$759.0M	$626.0M	$120.0M	$127.0M	$127.0M	$136.0M	$136.0M	$137.0M	$142.0M	$150.0M	$145.0M	$117.0M	$119.0M	$64.00M	$44.00M	$26.00M
YoY Change	-6.21%	-13.22%	36.18%	21.25%	421.67%	-5.51%	0.0%	-6.62%	0.0%	-0.73%	-3.52%	-5.33%	3.45%	23.93%	-1.68%	85.94%	45.45%	69.23%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$26.15B	$27.55B	$28.67B	$15.62B	$22.28B	$20.38B	$24.43B	$17.81B	$14.53B	$22.77B	$21.88B	$21.10B	$15.27B	$12.16B	$3.565B	$2.831B	$7.145B	$31.26B	$20.07B
YoY Change	-5.11%	-3.88%	83.55%	-29.91%	9.35%	-16.6%	37.17%	22.6%	-36.18%	4.05%	3.72%	38.16%	25.6%	240.98%	25.93%	-60.38%	-77.15%	55.75%
Other Assets	$2.331B	$2.063B	$1.582B	$1.243B	$1.089B	$739.0M	$726.0M	$1.286B	$1.277B	$1.252B	$1.209B	$1.286B	$1.259B	$1.242B	$944.0M	$846.0M	$777.0M	$6.000M	$0.00
YoY Change	13.03%	30.42%	27.24%	14.14%	47.36%	1.79%	-43.55%	0.7%	2.0%	3.56%	-5.99%	2.14%	1.37%	31.57%	11.58%	8.88%	12850.0%
Total Long-Term Assets	$32.36B	$33.42B	$33.61B	$20.01B	$26.33B	$23.64B	$27.51B	$21.25B	$18.06B	$26.49B	$25.66B	$24.98B	$19.08B	$16.09B	$7.274B	$6.641B	$10.20B	$31.34B	$20.12B
YoY Change	-3.19%	-0.57%	67.95%	-24.0%	11.4%	-14.08%	29.47%	17.67%	-31.82%	3.22%	2.73%	30.92%	18.55%	121.25%	9.53%	-34.88%	-67.46%	55.78%
Total Assets	$40.29B	$42.52B	$41.20B	$26.27B	$32.59B	$28.93B	$34.42B	$26.40B	$22.53B	$31.50B	$29.68B	$28.93B	$21.91B	$18.85B	$9.409B	$9.489B	$13.17B	$33.89B	$21.12B
YoY Change
Accounts Payable	$2.277B	$1.158B	$937.2M	$34.00M	$301.0M	$327.0M	$1.527B	$625.0M	$241.0M	$690.0M	$286.0M	$523.0M	$829.0M	$629.0M	$309.0M	$1.285B	$270.0M	$647.0M	$1.044B
YoY Change	96.64%	23.57%	2656.38%	-88.7%	-7.95%	-78.59%	144.32%	159.34%	-65.07%	141.26%	-45.32%	-36.91%	31.8%	103.56%	-75.95%	375.93%	-58.27%	-38.03%
Accrued Expenses	$6.238B	$7.123B	$8.813B	$4.054B	$4.339B	$2.942B	$2.623B	$2.328B	$2.030B	$2.439B	$2.133B	$1.255B	$903.0M	$822.0M	$489.0M	$413.0M	$189.0M	$66.00M	$46.00M
YoY Change	-12.43%	-19.17%	117.39%	-6.57%	47.48%	12.16%	12.67%	14.68%	-16.77%	14.35%	69.96%	38.98%	9.85%	68.1%	18.4%	118.52%	186.36%	43.48%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$93.77M	$85.83M	$77.00M	$154.0M	$222.0M	$119.0M	$75.00M	$41.00M	$30.00M	$316.0M	$142.0M	$102.0M	$63.00M	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change	-100.0%	9.25%	11.47%	-50.0%	-30.63%	86.55%	58.67%	82.93%	36.67%	-90.51%	122.54%	39.22%	61.9%
Long-Term Debt Due											$76.00M	$226.0M	$144.0M	$117.0M	$0.00		$1.197B	$423.0M	$0.00
YoY Change											-66.37%	56.94%	23.08%				182.98%
Total Short-Term Liabilities	$10.91B	$10.49B	$11.74B	$5.300B	$6.026B	$4.527B	$5.206B	$4.182B	$3.595B	$4.649B	$4.248B	$4.142B	$3.789B	$3.393B	$2.208B	$2.984B	$2.468B	$749.0M	$1.132B
YoY Change	3.95%	-10.63%	121.55%	-12.05%	33.11%	-13.04%	24.49%	16.33%	-22.67%	9.44%	2.56%	9.32%	11.67%	53.67%	-26.01%	20.91%	229.51%	-33.83%
Long-Term Debt	$11.30B	$12.35B	$7.748B	$5.645B	$11.08B	$9.952B	$14.82B	$8.866B	$6.117B	$8.924B	$10.47B	$13.05B	$8.868B	$7.199B	$658.0M	$387.0M	$130.0M	$976.0M	$838.0M
YoY Change	-8.47%	59.39%	37.26%	-49.06%	11.34%	-32.82%	67.1%	44.94%	-31.45%	-14.74%	-19.8%	47.17%	23.18%	994.07%	70.03%	197.69%	-86.68%	16.47%
Other Long-Term Liabilities				$51.00M	$76.00M	$143.0M	$154.0M	$215.0M	$177.0M	$86.00M
YoY Change				-32.89%	-46.85%	-7.14%	-28.37%	21.47%	105.81%
Total Long-Term Liabilities	$11.30B	$12.35B	$7.748B	$5.696B	$11.16B	$10.10B	$14.97B	$9.081B	$6.294B	$9.010B	$10.47B	$13.05B	$8.868B	$7.199B	$658.0M	$387.0M	$130.0M	$976.0M	$838.0M
YoY Change	-8.47%	59.39%	36.03%	-48.95%	10.52%	-32.56%	64.84%	44.28%	-30.14%	-13.92%	-19.8%	47.17%	23.18%	994.07%	70.03%	197.69%	-86.68%	16.47%
Total Liabilities	$33.47B	$34.87B	$31.77B	$19.62B	$25.58B	$22.55B	$27.78B	$19.94B	$16.26B	$24.44B	$23.37B	$23.47B	$17.24B	$14.48B	$6.030B	$5.980B	$8.947B	$31.17B	$19.30B
YoY Change	-4.01%	9.74%	61.97%	-23.3%	13.44%	-18.85%	39.31%	22.67%	-33.48%	4.56%	-0.4%	36.12%	19.03%	140.17%	0.84%	-33.16%	-71.29%	61.53%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2018	2017	2016	2015	2014	2013	2012	2011	2010
Basic Shares Outstanding	755.2M	740.7M	719.8M	696.9M	678.9M shares	665.5M shares	649.5M shares	634.3M shares	608.8M shares	587.0M shares	533.7M shares	475.6M shares	364.0M shares
Diluted Shares Outstanding	755.4M	740.9M	720.1M	697.3M	1.207B shares	666.2M shares	1.195B shares	1.188B shares	613.2M shares	590.5M shares	538.7M shares	475.6M shares	364.0M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $224.99 Billion

About Blackstone Inc.

Blackstone, Inc. engages in the provision of investment and fund management services. The company is headquartered in New York City, New York and currently employs 4,735 full-time employees. The company went IPO on 2007-06-22. The Company’s asset management business includes global investment strategies focused on real estate, private equity, infrastructure, life sciences, growth equity, credit, real assets, secondaries and hedge funds. The company operates through four segments: Real Estate, Private Equity, Credit & Insurance and Multi-Asset Investing. Its Real Estate segment primarily comprises its management of opportunistic real estate funds, Core+ real estate funds, and real estate debt strategies. Its Credit & Insurance segment consists principally of Blackstone Credit & Insurance, which is organized into three overarching strategies: private corporate credit, liquid corporate credit and infrastructure and asset-based credit. Multi-Asset Investing is organized into two primary platforms: Absolute Return and Multi-Strategy. In addition, the segment also includes a publicly traded energy infrastructure, renewables and master limited partnership investment platform.

Industry: Investment Advice Peers: BLUE OWL CAPITAL INC. AMERIPRISE FINANCIAL INC Bank of New York Mellon Corp BlackRock Inc KKR & Co. Inc. NORTHERN TRUST CORP PRICE T ROWE GROUP INC STATE STREET CORP