While Blackstone continues to generate positive flows, with its mix of alternative products benefiting from the ongoing demand for nontraditional investment products, we see some near- to medium-term headwinds from turmoil in the private credit markets.
Blackstone, with $937.6 billion in fee-earning AUM at the end of the first quarter of 2026, is a go-to firm for institutional and high-net-worth investors looking for exposure to alternatives.
Downturns in the equity and credit markets could leave investors in Blackstone's funds with limited liquidity and large commitments to funds, making it more difficult for the firm to raise new capital.
|
Metric
|
BX
|
APO
|
BAM
|
|---|---|---|---|
Price/Earnings (Normalized) | 30.62 | 15.67 | 30.62 |
Price/Book Value | 17.68 | 4.12 | 9.94 |
Price/Sales | 6.19 | 2.50 | 16.07 |
Price/Cash Flow | 13.04 | — | 36.38 |
|
Metric
|
BX
|
APO
|
BAM
|
|---|---|---|---|
Quick Ratio | — | 0.78 | 2.91 |
Current Ratio | — | 0.78 | 2.91 |
Interest Coverage | — | 14.27 | 8.17 |
|
Metric
|
BX
|
APO
|
BAM
|
|---|---|---|---|
Return on Assets (Normalized) | 13.07% | 1.21% | 16.74% |
Return on Equity (Normalized) | 72.99% | 27.31% | 33.62% |
Return on Invested Capital (Normalized) | — | 10.95% | 23.08% |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
| BlackRock Inc
BLK
| Jpzfxzcm | Kznv | $157B | |||
| KKR & Co Inc Ordinary Shares
KKR
| Vnyczht | Srwyt | $85B | |||
| Apollo Global Management Inc
APO
| Znshnqlys | Jkhjqg | $76B | |||
| Brookfield Asset Management Ltd Ordinary Shares - Class A
BAM
| Gkwrfjsd | Rgjnh | $73B | |||
| State Street Corp
STT
| Mgcsqbgy | Ktnll | $45B | |||
| Ameriprise Financial Inc
AMP
| Cbbblxf | Ckspzt | $41B | |||
| Northern Trust Corp
NTRS
| Zydpggghv | Pmfl | $32B | |||
| Raymond James Financial Inc
RJF
| Tfmlzjc | Fhqgw | $29B | |||
| Ares Management Corp Ordinary Shares - Class A
ARES
| Sqmhyfgk | Wlwhsg | $29B |
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United States