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Blackstone Inc.

BX

Financial Services · 126.07 -5.9% today

Isolated · not yet confirmedMarket checked 10 Sept, 10:15 GMT-4

Market read

Blackstone Inc.'s current read is isolated; its market group is not confirming.

No new filing conclusion is available. 0 of 14 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 26 directly disclosed connections are confirming.

Company-5.9% todayVolume comparison unavailable
Market group0 of 14 activeAlternative Asset Managers · unavailable
Disclosed network0 of 8 confirmingNo filing-linked name is confirming now
What would change this read
  • BX's market-adjusted activity becomes unusual and at least one connected name confirms.

Invalidation: The isolated read changes if BX's group or a disclosed connection begins moving with it.

Watch this read

Research brief

The story so far

Financial Services · Asset Management

No new filing conclusion is available. 0 of 14 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 26 directly disclosed connections are confirming.

Evidence that supports

No thresholded supportive filing evidence is available yet.

Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • BX's market-adjusted activity becomes unusual and at least one connected name confirms.

Company research

Understand the business, not just the ticker

As of Sep 10, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods9
Price observations600
Usable filing statements84
Verified relationships9
Evidence supporting the case
  • Latest annual revenue changed +9.2% year over year.
  • Operating cash flow covered net income at 1.54x in the latest annual period.
Evidence challenging the case

No qualifying adverse evidence was identified; that is not proof there is no downside.

Questions before a position
  • EV/sales is 217% above the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context

Price as of Sep 9, 2026

129.06
6m+17.4%12m-25.5%24m-6.4%
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2021-12-31$22.6B+270.0%$8.13+3.3%
2022-12-31$8.5B-62.3%$2.36+2.9%
2023-12-31$8.0B-5.8%$1.84+2.0%
2024-12-31$13.2B+64.9%$3.62+1.5%
2025-12-31$14.5B+9.2%$3.87+1.8%

What management says matters

Persistent and emerging business drivers

Macroeconomic conditionsmixed · 5 filings
The valuation team then analyzes the data received and updates the valuation models reflecting any changes in the underlying cash flow projections, weighted-average cost of capital, exit multiple or capitalization rate, and any other valuation input relevant…
10-Q · Aug 7, 2026
Legal and regulatory exposuremixed · 3 filings
We are not currently subject to any pending legal (including judicial, regulatory, administrative or arbitration) proceedings that we expect to have a material impact on our condensed consolidated financial statements.
10-Q · May 8, 2026
Credit and interest ratesmixed · 1 filings
Blackstone did not have variable interest based debt obligations payable as of December 31, 2025 and therefore, interest expense was not impacted by changes in interest rates for the year ended December 31, 2025.
10-K · Feb 27, 2026
Foreign exchangemixed · 1 filings
For the year ended December 31, 2023, the impact was $2.2 billion, $1.1 billion, $1.1 billion, $232.1 million and $4.6 billion for the Real Estate, Private Equity, Credit & Insurance and Total segments, respectively.
10-K · Feb 27, 2026

Valuation discipline

Descriptive valuation snapshot

Price/sales 7.0× · EV/sales 7.7×. Comparisons use only industry-matched filing peers.

Scenario scaffold

Scenarios are withheld for Financial Services until sector-specific earnings and capital metrics are available; generic revenue/P/S scaffolds would be misleading.

Price action

How the market is pricing the story

126.07-5.9% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 10 Sept, 10:15 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for BX. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Filing analysis

No comparable filing assessment is available yet

Jodie has not yet found a suitable current-versus-prior filing comparison for BX. This does not mean the latest filing was neutral or immaterial.

Business ecosystem

The relationships behind BX

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Depends on

JTGEYFiling-linked namelenderFeb 27, 2026

L.L.C., has a $4.325 billion unsecured Revolving Credit Facility with Citibank, N.A., as administrative agent with a maturity date of October 16, 2030.

Depended on by

FGF&G Annuities & Life, Inc.partnerMay 7, 2026

These markets leverage our existing team's spread-based capabilities as well as our strategic partnership with Blackstone ISG-I Advisors LLC.

Filing peers

Companies whose filings use similar operating language.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks 24 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

BX is currently a Early Follower in the organic co-movement group Alternative Asset Managers. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 2 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.