Blackstone (BX) FCF Margin (2009 - 2026)
Blackstone (BX) posted FCF Margin of 37.86% for Q2 2026, up 43.01% on a QoQ basis from 26.47% in Q1 2026, and up 1500.0% year-over-year from 2.37% in Q2 2025.
Analysis
Blackstone (BX) FCF Margin (2009 - 2026) Analysis & Trends
Blackstone has reported FCF Margin for 13 years, with the latest figure at 37.86% in Q2 2026.
- On a quarterly basis, FCF Margin rose 1500.0% year-over-year to 37.86% in Q2 2026; TTM through Jun 2026 was 34.05%, a 1019.0% increase from a year earlier, with the FY2025 full-year figure at 31.47%, up 562.0% from the prior year.
- FCF Margin was 37.86% for Q2 2026 at Blackstone, up from 26.47% 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.
- Average FCF Margin over 5 years is 53.07%, with a median of 38.48% recorded in 2026.
- The sharpest annual moves came in 2022 and 2023: FCF Margin jumped 27640 bps in 2022, then slumped 23398 bps in 2023.
- Over 5 years, FCF Margin stood at 39.11% in 2022, then jumped by 72 bps to 67.26% in 2023, then plunged by 93 bps to 4.85% in 2024, then surged by 394 bps to 23.98% in 2025, then jumped by 58 bps to 37.86% in 2026.
- The last three FCF Margin figures came in at 37.86% (Q2 2026), 26.47% (Q1 2026), and 23.98% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Blackstone | 103.57 Bn | 101.06 Bn | - | 37.86% |
| 2 | Kkr | 93.46 Bn | -183.61 Bn | - | 55.96% |
| 3 | Apollo Global Management | 77.60 Bn | 52.22 Bn | 10.54 Bn | 25.83% |
| 4 | Brookfield Asset Management | 76.45 Bn | 74.94 Bn | - | 30.52% |
| 5 | Wheaton Precious Metals | 71.34 Bn | 71.24 Bn | 687.86 Mn | 69.90% |
| 6 | Franco Nevada | 51.21 Bn | 49.67 Bn | 451.00 Mn | 83.08% |
| 7 | Brookfield | 37.98 Bn | 7.42 Bn | 19.38 Bn | - |
| 8 | Ares Management | 30.49 Bn | 30.49 Bn | - | -26.91% |
| 9 | Carlyle | 15.82 Bn | 14.57 Bn | - | -2.89% |
| 10 | Tpg | 8.08 Bn | 7.13 Bn | - | 17.82% |
Historic Data
Download Data
Historic 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% |