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Blackstone Inc. BX

Blackstone Inc. scores excellent on business quality (8.8 of 10). Here is why, in plain words, and what our sealed record shows.

Last price$114.29Oct 9, 2026
Business qualityExcellent
Next earningsOct 22, 2026, before the open
Insiders, 90 daysBuying

Why it matters

  1. What Blackstone Inc. does

    Blackstone manages capital for institutional and individual investors, generating fee income from private equity, real estate, credit, and hedge fund strategies. The firm is scaling its private wealth channel to capture retail capital, tapping into alternative assets for individual portfolios.

  2. What it does best

    Blackstone dominates alternative asset management with a return on equity of 40.9%, outperforming peer KKR's 10.3%. Its massive scale and permanent capital vehicles create an unmatched fundraising engine that smaller rivals cannot easily replicate.

  3. The main risk

    Higher interest rates threaten asset valuations and exit multiples across its massive private equity and real estate portfolios, potentially slowing capital realization and fee generation.

Quality, check by check

Scored against its own industry, from company filings.

ProfitabilityStrong

Operating margins stand at 50.5% with a free cash flow margin near 34%, driven by high-margin management fees. This business scales efficiently, converting top-line gains directly into robust cash flows.

MoatStrong

Scale and brand lock in institutional investors globally, backed by an operating margin sitting in the top decile of its sector at 51%. This network effect creates a barrier to entry that prevents rivals from replicating its deal flow.

GrowthFast

Revenue grew 9.2% to $16.1B over the period, building on steady gains from prior years as private credit and infrastructure strategies expand.

Financial healthStrong

Interest coverage sits at 15.2x, making debt service manageable while holding $2.9B in cash. Free cash flow reached $5.5B, showing solid cash generation that is getting stronger.

Insiders

Executives and directors, from SEC Form 4 filings we read ourselves. Open market trades only; grants, option exercises and pre-planned sales left out.

1 insider bought $62K on the open market. 4 sold $24.4M outside pre-planned sales.

Our sealed record on BX

Verdicts appear here 30 days after we publish them; members see today's. Each one is in the nightly ledger, fingerprinted the night it was made.

The first sealed verdicts appear here on Oct 11, 2026.

Questions

Is BX a good business?

Blackstone Inc. scores excellent on the Cluenex quality check (8.8 of 10), measured against its own industry. Profitability is strong, moat strong, growth fast and financial health strong.

Are insiders buying BX?

In the last 90 days of SEC Form 4 filings: 1 insider bought $62K on the open market. 4 sold $24.4M outside pre-planned sales.

When does BX report earnings?

Oct 22, 2026, before the open.

For members

See BX today

  • Today's verdict on BX, and why
  • Fair value with cautious, base and optimistic cases
  • The exact price that would change the verdict
  • Which stocks each signal names, the night it fires
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Cite this page: Cluenex, “Blackstone Inc. (BX)”, https://cluenex.com/stocks/bx/, data as of Oct 10, 2026.