Blackstone (BX) Return on Invested Capital [ROIC] (2009 - 2026)
Blackstone's Return on Invested Capital [ROIC] was 21.77% in Q3 2026, up 3.43 percentage points from 18.34% a year earlier and up 0.21 percentage points from the prior quarter.
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Analysis
Blackstone (BX) Return on Invested Capital [ROIC] (2009 - 2026) Analysis & Trends
For FY2025, Return on Invested Capital [ROIC] at Blackstone came in at 20.57%, up 0.60 percentage points from FY2024.
- Return on Invested Capital [ROIC] shows a five-year change of +10.17 percentage points (FY2020 to FY2025).
- In earlier years, Return on Invested Capital [ROIC] was 19.97% in FY2024 (+10.39 pp), 9.57% in FY2023 (-1.36 pp), 10.93% in FY2022 (-39.74 pp) and 50.67% in FY2021 (+40.28 pp).
- The Q3 2026 figure marks the highest quarterly Return on Invested Capital [ROIC] since Q2 2022.
- Compared with a year earlier, Return on Invested Capital [ROIC] has increased for 11 straight quarters, with an average year-over-year change of +3.60 percentage points over the last eight quarters.
- The best year-over-year quarter for Return on Invested Capital [ROIC] over five years was Q4 2021 (a gain of 31.22 percentage points); the worst was Q1 2023 (a drop of 35.16 percentage points).
- Per Business Quant data, BX's Return on Invested Capital [ROIC] in the three quarters before Q3 2026 was 21.55% (Q2 2026), 19.76% (Q1 2026) and 19.97% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 189.07 Bn | 145.60 Bn | - | 9.65% |
| 2 | Spdr Gold Trust | 125.11 Bn | -432.90 Bn | - | - |
| 3 | Brookfield | 101.47 Bn | -96.66 Bn | - | - |
| 4 | Blackstone | 91.35 Bn | 85.56 Bn | - | 21.77% |
| 5 | Kkr | 87.89 Bn | 54.59 Bn | 1.76 Bn | -4.58% |
| 6 | Brookfield Asset Management | 82.34 Bn | 77.22 Bn | - | 39.58% |
| 7 | Apollo Global Management | 72.94 Bn | 89.74 Bn | 4.14 Bn | 1.14% |
| 8 | Wheaton Precious Metals | 59.70 Bn | 59.70 Bn | 538.50 Mn | 22.20% |
| 9 | Ares Management | 48.49 Bn | 47.07 Bn | 376.28 Mn | -19.43% |
| 10 | Franco Nevada | 47.61 Bn | 43.98 Bn | 427.60 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 21.77% |
| Jun 30, 2026 | 21.55% |
| Mar 31, 2026 | 19.76% |
| Dec 31, 2025 | 19.97% |
| Sep 30, 2025 | 18.34% |
| Jun 30, 2025 | 19.63% |
| Mar 31, 2025 | 17.82% |
| Dec 31, 2024 | 19.59% |
| Sep 30, 2024 | 15.86% |
| Jun 30, 2024 | 13.85% |
| Mar 31, 2024 | 14.85% |
| Dec 31, 2023 | 9.70% |
| Sep 30, 2023 | 11.67% |
| Jun 30, 2023 | 8.51% |
| Mar 31, 2023 | 3.48% |
| Dec 31, 2022 | 11.26% |
| Sep 30, 2022 | 18.97% |
| Jun 30, 2022 | 28.39% |
| Mar 31, 2022 | 38.64% |
| Dec 31, 2021 | 43.50% |
API Access
Blackstone Return on Invested Capital [ROIC] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=BX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "ticker": "BX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=BX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();