Análisis opcionales del producto
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Blackstone Inc.'s published Reduce conclusion compares the analysis-date price with fair value and potential value. Read the full report for assumptions, evidence, and material risks.
| Market cap | $142.6B | |
|---|---|---|
| P/E (forward) | 16.5x |
Recent price action with selectable time range.
| Item | P1 | P2 | P3 | P4 | P5 | Trend |
|---|---|---|---|---|---|---|
| Period | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 | Trend |
| Revenue | $22.58B | $8.52B | $8.02B | $13.23B | $14.45B | -10.6% |
| Gross profit | $16.65B | $7.13B | $7.01B | $10.93B | $11.90B | -8.1% |
| Operating income | $13.56B | $3.46B | $2.96B | $6.46B | $7.18B | -14.7% |
| Net income | $5.86B | $1.75B | $1.39B | $2.78B | $3.02B | -15.3% |
| EPS (diluted) | $8.13 | $2.36 | $1.84 | $3.62 | $3.87 | -16.9% |
| EBITDA | $13.63B | $3.53B | $3.00B | $6.50B | $7.21B | -14.7% |
| R&D | $1 | $0 | $0 | — | — | -48.2% |
| SG&A | $928.2M | $1.12B | $1.24B | $1.38B | $1.55B | +13.6% |
Recent company headlines from major financial publishers.
The modal base scenario projects steady execution of Blackstone's locked-up AUM model. Base management fee growth expands at a mid-single-digit rate in Q3 2026 before accelerating to double digits in FY2027. Operating margins hold near 49%, sustained by high operating leverage and premium alternative fee structures. Cash flow conversion remains exceptional, supporting the 100% cash distribution framework and yielding a fair value midpoint of $99.65.
In the upside scenario, rapid monetization of Blackstone's $1 trillion data center digital infrastructure pipeline drives platform capacity to double. Power, chip, and entitlement bottlenecks preserve premium lease pricing and returns. Concurrently, reopening IPO and M&A liquidity unleashes a carried interest realization supercycle, expanding performance fees well beyond FY2025 levels ($978.20M) and driving fair value toward the high band boundary of $139.84.
| Ke ↓ / g → | 2.0% | 2.3% | 2.5% | 2.8% | 3.0% |
|---|---|---|---|---|---|
| 9.2% | $106 | $108 | $110 | $112 | $115 |
| 9.7% | $101 | $103 | $105 | $106 | $108 |
| 10.2% | $96.8 | $98.2 | $99.7 | $101 | $103 |
| 10.7% | $92.8 | $94.0 | $95.2 | $96.6 | $98.1 |
| 11.2% | $89.1 | $90.2 | $91.3 | $92.5 | $93.7 |
Upcoming earnings date and setup when available.
La calificación que llevaba la edición de análisis publicada cada mes. Una calificación compara el precio en la fecha del análisis con el valor razonable; no es un registro de si la valoración acertó.
| Año | ene | feb | mar | abr | may | jun | jul | ago | sept | oct | nov | dic |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 |