Blackstone Inc. (BX)

FairStock Score: 73/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I approach Blackstone as a student of Graham and Buffett. It is an alternative asset manager with a market value of $82.6B and 5,285 employees, investing across private equity, real estate, credit and hedge fund solutions. In fiscal Q2 2026, the quarter ended 2026-06-30, filed revenue was $5.0B, net income $1.2B and diluted EPS $1.54. In fiscal Q2 2025, the quarter ended 2025-06-30, revenue was $3.7B, net income $764.2M and diluted EPS $0.98. That is rapid growth. For fiscal year 2025, period ended 2025-12-31, filed revenue was $14.5B, net income $3.0B and diluted EPS $3.87, up from fiscal year 2024 revenue of $13.2B, net income $2.8B and diluted EPS $3.62. FairStock classifies it as a FAST GROWER, with profit growing 23.6% a year over five years and revenue 18.8%. Returns look strong: FairStock ROE is 31.37%, ROCE 14.33%, free cash flow yield 6.6% and dividend yield 4.19%. The durable advantage, if any, must come from scale and franchise rather than tangible assets. Financial health is mixed: debt-to-equity is 0.68, Piotroski F-Score is 6/9, and Altman Z-Score is 1.89, a grey-zone reading. Valuation is the rub. At the close on 2026-10-13, price was $109.98; FairStock P/E is 24.60, P/B 9.76 and PEG 0.40, but Graham Number is only $33.67 and margin of safety is -226.64%. I would want a wider discount to intrinsic value and proof that profits remain durable through a full cycle.

In plain English: Blackstone is a large money manager that invests in private companies, real estate, credit and other assets. The business looks strong: sales, profits and profit per share have grown quickly, and the company earns a high profit relative to shareholder money. At $109.98, the shares look expensive compared with the company's accounting value, but not necessarily expensive if the fast growth keeps up.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer