Blackstone (BX) FCF Margin (2009 - 2026)
Blackstone (BX) recorded quarterly FCF Margin of 26.47% in Q1 2026, up 10.41% quarter-over-quarter from 23.98% in Q4 2025, and down 636.0% on a YoY basis from 4.94% in Q1 2025.
Blackstone (BX) FCF Margin (2009 - 2026) Analysis & Trends
Blackstone's FCF Margin history runs 13 years deep, the most recent figure standing at 26.47% for Q1 2026.
- In Q1 2026, FCF Margin fell 636.0% year-over-year to 26.47%; the TTM figure through Mar 2026 stood at 29.94% (up 206.0% YoY), while the FY2025 annual figure was 31.47%, up 562.0% from the prior year.
- FCF Margin was 26.47% for Q1 2026 at Blackstone, up from 23.98% in the prior quarter.
- In the past five years, FCF Margin ranged from a high of 293.13% in Q2 2022 to a low of 4.85% in Q4 2024.
- Historically, FCF Margin has averaged 53.96% across 5 years, with a median of 39.11% in 2022.
- The sharpest annual moves came in 2022 and 2023: FCF Margin soared 27640 bps in 2022, then tumbled 23398 bps in 2023.
- A 5-year view of FCF Margin shows it stood at 39.11% in 2022, then soared by 72 bps to 67.26% in 2023, then sank by 93 bps to 4.85% in 2024, then jumped by 394 bps to 23.98% in 2025, then climbed by 10 bps to 26.47% in 2026.
- The last three FCF Margin figures came in at 26.47% (Q1 2026), 23.98% (Q4 2025), and 50.95% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 163.18 Bn | 153.56 Bn | - | -16.21% |
| 2 | Blackstone | 96.85 Bn | 95.80 Bn | - | 26.47% |
| 3 | Kkr | 86.45 Bn | 133.96 Bn | - | 39.82% |
| 4 | Apollo Global Management | 82.30 Bn | 101.04 Bn | 5.04 Bn | 32.02% |
| 5 | State Street | 46.95 Bn | 21.27 Bn | - | -327.00% |
| 6 | Ameriprise Financial | 43.65 Bn | 43.52 Bn | 4.57 Bn | 8.80% |
| 7 | Northern Trust | 31.92 Bn | 31.92 Bn | - | -24.56% |
| 8 | Raymond James Financial | 30.62 Bn | 19.37 Bn | - | 24.73% |
| 9 | Ares Management | 29.04 Bn | 32.41 Bn | - | 27.99% |
| 10 | Principal Financial | 23.79 Bn | 20.28 Bn | -463.00 Mn | 13.35% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 26.47% |
| Dec 31, 2025 | 23.98% |
| Sep 30, 2025 | 50.95% |
| Jun 30, 2025 | 22.86% |
| Mar 31, 2025 | 32.83% |
| Dec 31, 2024 | 4.85% |
| Sep 30, 2024 | 32.83% |
| Jun 30, 2024 | 40.99% |
| Mar 31, 2024 | 25.00% |
| Dec 31, 2023 | 67.26% |
| Sep 30, 2023 | 40.15% |
| Jun 30, 2023 | 59.15% |
| Mar 31, 2023 | 20.49% |
| Dec 31, 2022 | 39.11% |
| Sep 30, 2022 | 84.82% |
| Jun 30, 2022 | 293.13% |
| Mar 31, 2022 | 52.52% |
| Dec 31, 2021 | -14.47% |
| Sep 30, 2021 | 25.61% |
| Jun 30, 2021 | 16.74% |