Blackstone (BX) FCF Margin (2009 - 2026)
Blackstone's (BX) quarterly FCF Margin came in at 26.47% in Q1 2026, down 636.0% year-on-year from 4.94% in Q1 2025, and up 10.41% quarter-over-quarter from 23.98% in Q4 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.
- On a quarterly basis, FCF Margin fell 636.0% year-over-year to 26.47% in Q1 2026; TTM through Mar 2026 was 29.94%, a 206.0% increase from a year earlier, with the FY2025 full-year figure at 31.47%, up 562.0% from the prior year.
- FCF Margin climbed to 26.47% in Q1 2026 per BX's latest filing, from 23.98% in the prior quarter.
- Across five years, FCF Margin topped out at 293.13% in Q2 2022 and bottomed at 4.85% in Q4 2024.
- The 5-year median for FCF Margin is 39.11% (2022), against an average of 53.96%.
- Across the five-year window, FCF Margin surged 27640 bps in 2022 and tumbled 23398 bps in 2023, its largest moves.
- Year by year, FCF Margin stood at 39.11% in 2022, then soared by 72 bps to 67.26% in 2023, then tumbled 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.
- Per Business Quant, the three latest BX FCF Margin figures stand at 26.47% (Q1 2026), 23.98% (Q4 2025), and 50.95% (Q3 2025).
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Brookfield | 1,236.60 Bn | 1,311.20 Bn | 18.56 Bn | - |
| 2 | BlackRock | 161.01 Bn | 148.08 Bn | - | -16.21% |
| 3 | Blackstone | 97.77 Bn | 96.72 Bn | - | 26.47% |
| 4 | Apollo Global Management | 70.80 Bn | 90.38 Bn | -409.00 Mn | 746.54% |
| 5 | State Street | 51.30 Bn | 51.30 Bn | - | -327.00% |
| 6 | Ameriprise Financial | 48.54 Bn | 39.27 Bn | 4.57 Bn | 8.80% |
| 7 | Northern Trust | 32.93 Bn | 32.93 Bn | - | -24.56% |
| 8 | Raymond James Financial | 32.59 Bn | 17.67 Bn | - | 27.31% |
| 9 | Price T Rowe | 24.70 Bn | 21.13 Bn | - | 41.05% |
| 10 | Principal Financial | 23.31 Bn | -27.00 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% |