Blackstone (BX) FCF Margin (2009 - 2026)
Blackstone (BX) posted quarterly FCF Margin of 26.47% for Q1 2026, down 636.0% year-over-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.
- 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 for Q1 2026 stood at 26.47%, up from 23.98% in the prior quarter.
- The five-year high for FCF Margin was 293.13% in Q2 2022, with the low at 4.85% in Q4 2024.
- The 5-year median for FCF Margin is 39.11% (2022), against an average of 53.96%.
- The sharpest annual moves came in 2022 and 2023: FCF Margin surged 27640 bps in 2022, then slumped 23398 bps in 2023.
- Blackstone's FCF Margin stood at 39.11% in 2022, then surged by 72 bps to 67.26% in 2023, then plunged by 93 bps to 4.85% in 2024, then soared by 394 bps to 23.98% in 2025, then advanced by 10 bps to 26.47% in 2026.
- Business Quant data shows BX's FCF Margin at 26.47% in Q1 2026, 23.98% in Q4 2025, and 50.95% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 176.99 Bn | 163.12 Bn | - | 15.78% |
| 2 | Blackstone | 113.16 Bn | 110.65 Bn | - | 37.86% |
| 3 | Kkr | 96.05 Bn | -181.02 Bn | - | 55.96% |
| 4 | Brookfield | 92.54 Bn | 45.14 Bn | - | - |
| 5 | Brookfield Asset Management | 82.31 Bn | 80.81 Bn | - | 30.52% |
| 6 | Apollo Global Management | 77.14 Bn | 51.77 Bn | 10.54 Bn | 25.83% |
| 7 | State Street | 50.64 Bn | 50.64 Bn | - | -74.14% |
| 8 | Ameriprise Financial | 50.31 Bn | 39.27 Bn | 4.72 Bn | 56.83% |
| 9 | Northern Trust | 33.61 Bn | 33.61 Bn | - | -14.38% |
| 10 | Raymond James Financial | 33.40 Bn | 20.15 Bn | - | -7.06% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 37.86% |
| 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% |