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

Financial statements

Annual Quarterly (as reported)

USD in millions except per-share and share counts. Every value links to the filing it came from — hover for the us-gaap tag, click for the 10-K/10-Q on sec.gov.

USD millions	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014
Revenue	14,450	13,230	8,023	8,518	22,577	6,102	7,338	6,833	7,145	5,146	4,647	7,485
Net income	3,019	2,777	1,391	1,748	5,857	1,045	2,050	1,542	1,471	1,039	710	1,585
Diluted EPS	3.87	3.62	1.84	2.36	8.13	1.50	3.03	2.26	2.21	1.56	1.04	2.58
Diluted shares	780	767	755	741	720	697	676	1,207	666	1,195	1,188	613
Operating cash flow	4,663	3,482	4,057	6,336	3,986	1,936	1,963	46	(1,626)	(89)	2,397	1,655
Capital expenditures	116	61	224	235	64	112	60	18	24	22	59	30
Free cash flow	4,547	3,420	3,833	6,101	3,922	1,824	1,903	27	(1,651)	(110)	2,338	1,625
Cash & equivalents	2,631	1,972	2,956	4,252	2,120	1,999	2,172	2,208	1,992	1,837	1,837	1,412
Total assets	47,709	43,470	40,288	42,524	41,196	26,269	32,586	28,925	34,416	26,403	22,526	31,497
Total liabilities	25,828	23,975	22,212	22,843	19,490	11,679	17,482	15,171	20,693	13,888	10,296	14,164
Shareholders' equity	8,666	8,212	6,817	7,656	9,423	6,652	7,010	6,379	—	—	—	—

Figures as reported in SEC filings, normalized by stonks with the tag mapping shown on hover; missing tags render as “—”, never as zero. Free cash flow is derived (operating cash flow − capex) with both parents recorded in its lineage. See methodology.