BX vs CG vs RGA Stock Comparison

Blackstone, Carlyle and Reinsurance Group Of America Prices as of Oct 27, 2026 Peers: Industry group
BX Blackstone Inc.
$116.71 -1.4% 1M -24.1% 1Y
Market cap
$93.04B
P/E
26.4x
Revenue (TTM)
$16.11B
Div. yield
0.07%
Alternative Asset Managers Financial Services
5 wins
CG Carlyle Group Inc.
$38.53 -3.7% 1M -33.8% 1Y
Market cap
$13.79B
P/E
37.9x
Revenue (TTM)
$3.61B
Div. yield
0.04%
Alternative Asset Managers Financial Services

Head to Head

11 decided of 12

Reinsurance Group Of America leads on 6 of the 12 questions below (Reinsurance Group Of America 6, Blackstone 5). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionBXCGRGALeader
Larger companyMarket capitalisation $93.04B $13.79B $16.99B BX
Cheaper on earningsLower P/E, profitable companies only 26.4x 37.9x 11.3x RGA
Cheaper on forward earningsLower price / next fiscal year consensus EPS 19.2x 10.3x 8.6x RGA
Faster revenue growthRevenue growth, trailing twelve months +17.2% -41.9% +19.4% RGA
More profitableNet margin, trailing twelve months 21.8% 10.1% 5.8% BX
Better return on capitalReturn on invested capital 21.6% 6.4% -67.7% BX
Less leveragedLower net debt / EBITDA — 1.8x — –
Higher dividend yieldTrailing dividend yield 0.07% 0.04% 0.00% BX
Better 1-year returnPrice return, last 12 months -24.1% -33.8% +38.7% RGA
Better 5-year returnAnnualised price return, 5 years -3.5%/yr -7.3%/yr +16.9%/yr RGA
Less volatileAnnualised volatility, 1 year 37.4% 37.2% 22.6% RGA
Higher overall scoreMean of the five percentile scores vs peers 68/100 31/100 34/100 BX

Percentile Scorecard

BXCGRGA

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisBXCGRGA
Valuation 76 #45 of 181 31 #125 of 181 64 #43 of 119
Growth 83 #20 of 111 6 #104 of 111 62 #44 of 114
Profitability 81 #25 of 129 28 #93 of 129 10 #99 of 110
Financial Health 55 #74 of 164 51 #81 of 164 11 #98 of 110
Shareholder Returns 47 #40 of 75 41 #45 of 75 23 #82 of 106
Overall 68 31 34
  • BX ranked among 209 companies in Asset and Wealth Management
  • CG ranked among 209 companies in Asset and Wealth Management
  • RGA ranked among 126 companies in Insurance

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodBXCGRGASPY
1 month -1.4%-3.7%+5.7% -0.2%
3 months -12.9%-17.1%+8.3% +3.9%
6 months -4.0%-19.3%+25.2% +8.2%
Year to date -24.3%-34.8%+29.2% +12.9%
1 year -24.1%-33.8%+38.7% +12.3%
3 years +30.2%+39.6%+81.1% +87.4%
3 years, per year +9.2%+11.8%+21.9% +23.3%
5 years -16.3%-31.6%+118.0% +67.9%
5 years, per year -3.5%-7.3%+16.9% +10.9%
10 years +360.6%+140.8%+141.0% +261.1%
10 years, per year +16.5%+9.2%+9.2% +13.7%

Risk

MeasureBXCGRGASPY
Volatility, 1Y 37.4%37.2%22.6% 12.7%
Downside volatility, 1Y 37.5%38.7%20.6% 12.7%
Beta vs S&P 500, 1Y 1.331.470.25 1.00
Return / volatility, 1Y -0.65-0.911.71 0.97
Max drawdown, 5Y -51.5%-57.7%-27.4% -25.4%
From 52-week high -28.6%-41.7%-3.4% -1.2%
52-week high $163.50$66.12$271.99 $779.14
52-week low $102.12$35.77$181.54 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleBXCGRGA
P/E now vs peer median 26.5xmedian 34.2x 37.9xmedian 34.2x 11.3xmedian 10.5x
P/S now vs peer median 5.5xmedian 4.9x 3.8xmedian 4.9x 0.7xmedian 1.4x
EV/EBITDA now vs peer median —median 11.7x 15.6xmedian 11.7x —median 7.6x
P/FCF now vs peer median 16.0xmedian 13.2x -3.3xmedian 13.2x 11.6xmedian 8.5x
P/B now vs peer median 4.2xmedian 1.8x 1.9xmedian 1.8x 1.2xmedian 1.5x
PEG now vs peer median 0.68median 0.91 -8.51median 0.91 0.35median 0.53

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsBXCGRGA
Revenue $16.11B $3.61B $25.97B
Gross profit – – $7.74B
Operating income – – -$16.35B
Net income $6.83B $540.90M $1.52B
Free cash flow $5.49B -$4.12B $1.48B
EPS (diluted) $4.40 $0.99 $22.85
Cash & equivalents $2.51B $1.26B $5.29B
Total debt $50.92B $11.98B $5.71B
Shares (diluted) 799.90M 367.30M 66.00M
Enterprise value $83.02B $6.67B -$3.54B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricBXCGRGA
P/E 26.5x 37.9x 11.3x
P/FCF 16.0x -3.3x 11.6x
P/Operating cash flow 15.7x -3.4x 5.8x
P/S 5.5x 3.8x 0.7x
P/B 4.2x 1.9x 1.2x
P/Tangible book 4.2x 1.9x 1.2x
EV/EBITDA – 15.6x –
EV/EBIT 11.5x 19.5x -1.1x
EV/Revenue 6.1x 4.3x 0.7x
EV/FCF 18.0x -3.7x 11.6x
EV/Operating cash flow 17.6x -3.8x 5.8x
PEG (3Y EPS CAGR) 0.68 -8.51 0.35

Growth

14 metrics
MetricBXCGRGA
Revenue growth (1Y) 17.2% -41.9% 19.4%
Revenue CAGR (3Y) 32.3% 4.9% 15.6%
Gross profit growth (1Y) – – 32.9%
Gross profit CAGR (3Y) – – 19.3%
Operating income growth (1Y) – – -10.7%
Operating income CAGR (3Y) – – -13.0%
Net income growth (1Y) 19.2% -59.3% 95.0%
Net income CAGR (3Y) 46.7% 5.0% 7.7%
EPS growth (1Y) 20.2% -71.1% 98.8%
EPS CAGR (3Y) 38.8% -4.5% 32.2%
Operating cash flow growth (1Y) 65.6% -4,787% -78.4%
Operating cash flow CAGR (3Y) 14.0% -81.4% 145.5%
Free cash flow growth (1Y) 67.2% -2,448% -88.6%
Free cash flow CAGR (3Y) 16.0% -78.5% 51.3%

Profitability

14 metrics
MetricBXCGRGA
Gross margin – – 29.8%
EBITDA margin – 27.3% –
Operating margin – – -63.0%
Pretax margin 50.1% 17.8% 7.2%
Net margin 21.8% 10.1% 5.8%
FCF margin 34.1% -114.2% 5.7%
Operating cash flow margin 34.7% -110.7% 11.5%
Return on equity 33.2% 7.4% 11.2%
Return on assets 13.9% 1.9% 0.9%
Return on invested capital 21.6% 6.4% -67.7%
Return on capital employed – – –
Asset turnover 0.3x 0.1x 0.2x
Cash conversion (OCF / net income) 0.8x -7.4x 2.0x
Stock comp / revenue 9.7% 11.5% –

Financial Health

11 metrics
MetricBXCGRGA
Debt / assets 26.4% 10.6% 3.4%
Debt / equity 0.6x 0.4x 0.4x
Net debt / EBITDA – 1.8x –
Debt / FCF 2.4x -0.7x 3.9x
Liabilities / assets 57.8% 74.4% 91.8%
Equity / assets 42.2% 25.6% 8.2%
Interest coverage 16.0x 5.4x -6.5x
Current ratio – – –
Quick ratio – – –
Cash ratio – – –
Altman Z-score – – –

Shareholder Returns

7 metrics
MetricBXCGRGA
Dividend yield 4.5% 3.6% 1.4%
Net buyback yield 0.3% 6.7% 1.6%
Shareholder yield 4.8% 10.4% 3.0%
Payout ratio (earnings) 93.6% 93.3% –
Payout ratio (FCF) 116.4% -12.2% –
Dividend growth (1Y) 22.0% 0.2% –
Dividend CAGR (3Y) 7.9% 1.6% –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusBXCGRGA
Forward P/E 19.2xFY2026 10.3xFY2026 8.6xFY2026
EPS, next fiscal year $6.07FY2026 $3.73FY2026 $30.64FY2026
EPS growth, next FY +9.0%FY2026 -7.2%FY2026 +34.9%FY2026
EPS growth, the year after +25.5% +26.0% -7.3%
Revenue, next fiscal year $15.03BFY2026 $3.88BFY2026 $25.11BFY2026
Revenue growth, next FY +14.9%FY2026 -0.5%FY2026 +5.9%FY2026
Revenue growth, the year after +27.3% +29.4% +16.6%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersBXCGRGA
Held by institutions 67.3% 61.2% 99.4%
Institutions holding 2,129 579 628
Change in shares held, QoQ +2.8% +0.4% +1.6%
Institutions buying 1,132 292 313
Institutions selling 716 196 207
Buyers to sellers 1.58 1.49 1.51

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

BXCGRGA
BX 1.00 0.75 0.23
CG 0.75 1.00 0.33
RGA 0.23 0.33 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, BX, CG and RGA?

Blackstone (BX) is the largest by market capitalisation: Blackstone (BX) $93.04B, Carlyle (CG) $13.79B, Reinsurance Group Of America (RGA) $16.99B.

Which stock is cheaper, BX, CG and RGA?

Reinsurance Group Of America (RGA) trades on the lowest price-to-earnings ratio (Blackstone (BX) 26.4x, Carlyle (CG) 37.9x, Reinsurance Group Of America (RGA) 11.3x). On next year's consensus earnings, Reinsurance Group Of America (RGA) is cheapest (Blackstone (BX) 19.2x, Carlyle (CG) 10.3x, Reinsurance Group Of America (RGA) 8.6x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Reinsurance Group Of America (RGA) grew revenue fastest over the trailing twelve months: Blackstone (BX) +17.2%, Carlyle (CG) -41.9%, Reinsurance Group Of America (RGA) +19.4%.

Which company is more profitable?

Blackstone (BX) has the highest net margin (Blackstone (BX) 21.8%, Carlyle (CG) 10.1%, Reinsurance Group Of America (RGA) 5.8%). On return on invested capital, Blackstone (BX) leads (Blackstone (BX) 21.6%, Carlyle (CG) 6.4%, Reinsurance Group Of America (RGA) -67.7%).

Which stock has performed better?

Over the past year Reinsurance Group Of America (RGA) returned the most: Blackstone (BX) -24.1%, Carlyle (CG) -33.8%, Reinsurance Group Of America (RGA) +38.7%. Over five years, Reinsurance Group Of America (RGA) compounded fastest (Blackstone (BX) -3.5%/yr, Carlyle (CG) -7.3%/yr, Reinsurance Group Of America (RGA) +16.9%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Blackstone (BX) has the highest dividend yield: Blackstone (BX) 0.07%, Carlyle (CG) 0.04%, Reinsurance Group Of America (RGA) 0.00%. Reinsurance Group Of America (RGA) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Reinsurance Group Of America (RGA) has been the steadiest (Blackstone (BX) 37.4%, Carlyle (CG) 37.2%, Reinsurance Group Of America (RGA) 22.6%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, BX, CG and RGA?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Reinsurance Group Of America (RGA) leads on 6. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.