Blackstone Inc.

BX · CIK 0001393818

18 fiscal years · 65 SEC filings · every number carries its receipt

Revenue (FY)

$14.45B9.2%

FY2025

Net income (FY)

$3.02B8.7%

FY2025

Free cash flow (FY)

$4.55B33.0%

FY2025

Diluted EPS (FY)

$3.876.9%

FY2025

The story, charted

The shape of the business

FY2008–FY2025 · hover any year for its receipt

Revenue & net incomeRevenueNet income

net margin -11.9% → 20.9%

MarginsNet marginFCF margin

FY2025: net 20.9% · free cash flow 31.5% of revenue

Cash engineOperating cash flowFree cash flow

FY2025: $4.66B operating cash − $115.7M capex = $4.55B free cash flow

Returns on capitalReturn on equityReturn on assets

return on equity 24% (FY2018) → 35% (FY2025) · on assets 6.3%

Balance sheetLiabilitiesEquity

FY2025: $47.71B assets · $25.83B liabilities · $8.67B equity

The receipts

Blackstone Inc.

BX · CIK 0001393818

18 fiscal years · 65 SEC filings · every number carries its receipt

Revenue (FY)

$14.45B9.2%

FY2025

Net income (FY)

$3.02B8.7%

FY2025

Free cash flow (FY)

$4.55B33.0%

FY2025

Diluted EPS (FY)

$3.876.9%

FY2025

The story, charted

The shape of the business

FY2008–FY2025 · hover any year for its receipt

Revenue & net incomeRevenueNet income

net margin -11.9% → 20.9%

MarginsNet marginFCF margin

FY2025: net 20.9% · free cash flow 31.5% of revenue

Cash engineOperating cash flowFree cash flow

FY2025: $4.66B operating cash − $115.7M capex = $4.55B free cash flow

Returns on capitalReturn on equityReturn on assets

return on equity 24% (FY2018) → 35% (FY2025) · on assets 6.3%

Balance sheetLiabilitiesEquity

FY2025: $47.71B assets · $25.83B liabilities · $8.67B equity

The receipts