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Blackstone Valuation Multiples
Blackstone is valued at $96B as of November 2026, a 8.3x revenue multiple. In the last 12 months, Blackstone revenue was $14B and Blackstone EBITDA was $8.6B.
Blackstone Overview
About Blackstone
Blackstone is an American alternative investment management company based in New York City. It was founded in 1985 as a mergers and acquisitions advisory firm by Peter Peterson and Stephen Schwarzman, who had previously worked together at Lehman Brothers. The firm runs private equity, real estate, credit, infrastructure, hedge fund solutions, secondaries, growth equity and insurance solutions businesses. Its private equity arm has been one of the largest leveraged buyout investors for three decades, and its real estate arm has bought commercial property and hotel companies worldwide. Blackstone listed on the New York Stock Exchange in June 2007. Its early private equity funds financed buyouts in hotels, funeral services, packaging, chemicals and waste services.
Founded
1985
HQ
Employees
5.3K
Website
Sectors
Financials (LTM)
EV
$119B
Valuation Multiples
Start free trialBlackstone Financials
Blackstone reported last 12-month revenue of $14B and EBITDA of $8.6B.
In the same LTM period, Blackstone generated $9.9B in gross profit, $8.6B in EBITDA, and $4.3B in net income.
Revenue (LTM)
Blackstone P&L
In the most recent fiscal year, Blackstone reported revenue of $15B and EBITDA of $7.7B.
Blackstone is profitable as of last fiscal year, with gross margin of 72%, EBITDA margin of 52%, and net margin of 20%.
Financial data powered by Morningstar, Inc.
Blackstone Stock Performance
Blackstone has current market cap of $96B, and enterprise value of $119B.
Market Cap Evolution
Blackstone's stock price is $119.82.
Blackstone share price increased by 1.1% in the last 30 days, and decreased by 18.2% in the last year.
Blackstone has an EPS (earnings per share) of $3.78.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $119B | $96B | -4.6% | 1.1% | -16.4% | -18.2% | $3.78 |
Benchmark Trading Valuation Multiples by Industry
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Start Free TrialBlackstone Valuation Multiples
Blackstone trades at 8.3x EV/Revenue multiple, and 13.8x EV/EBITDA.
EV / Revenue (LTM)
Blackstone Financial Valuation Multiples
As of November 6, 2026, Blackstone has market cap of $96B and EV of $119B.
Blackstone has a P/E ratio of 22.1x.
Multiples above and below 250x are considered non-meaningful (n/m). Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Blackstone Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


Blackstone Margins & Growth Rates
Blackstone decreased revenue by 1% but EBITDA grew by 15% in the last fiscal year.
In the most recent fiscal year, Blackstone reported gross margin of 72%, EBITDA margin of 52%, and net margin of 20%.
Blackstone Margins
Blackstone Growth Rates
Data powered by FactSet, Inc. and Morningstar, Inc.
Blackstone Operational KPIs
Blackstone's revenue per employee in the last FY averaged $2.8M, while opex per employee averaged $1.5M for the same period.
Blackstone's Rule of 40 is 59% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Blackstone's Rule of X is 57% (created by Bessemer, Rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Data powered by FactSet, Inc. and Morningstar, Inc.
Blackstone Competitors
Blackstone competitors include Brookfield, KKR, Brookfield Asset Management, Macquarie Group, Apollo Global Management, Investor AB, Strategy, SoftBank Group, Banco BTG Pactual and State Street.
Most Blackstone public comparables operate across PE & VC and Asset Management.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $75B | $32B | 6.3x | 63.4x | 14.7x | 65.5x | |||
| $19B | $7.1B | 3.1x | 5.3x | 8.5x | 8.1x | |||
| $4.6B | $3.2B | 20.1x | 14.8x | 28.7x | 27.9x | |||
| $5.1B | $2.2B | 13.7x | 5.0x | 31.7x | - | |||
| $32B | $8.3B | - | - | - | - | |||
| $23B | - | 6.5x | 20.5x | - | - | |||
| $477M | ($5.4B) | 143.9x | 137.9x | (12.6x) | (89.9x) | |||
| $49B | $6.5B | 6.0x | 5.7x | 45.5x | 7.9x | |||
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Blackstone VC Funding History
Before going public, Blackstone raised $3B in total equity funding, across 1 round.
Last private valuation of Blackstone was $30B, after raising $3B in May 2007 from China Investment Corporation.
Blackstone Funding Rounds
Acquisitions by Blackstone
Blackstone has acquired 268 companies to date.
Last acquisition by Blackstone was on September 10th 2026. Blackstone acquired Flow Control Holdings for undisclosed valuation.
Latest Acquisitions by Blackstone
| Description | Flow Control Holdings is a Wilmington-headquartered manufacturer of sanitary valves and fittings for food, beverage, and pharmaceutical processing. Its brands include APV, Waukesha Cherry-Burrell, and Tri-Clover, producing aseptic valves compliant with 3-A and FDA standards for dairy, brewery, and biotech facilities worldwide. Facilities in Delavan, Wisconsin, serve global markets through a network of 20 distributors. | DarkVision Technologies is a provider of high-resolution ultrasound imaging systems for downhole diagnostics in oil and gas wells. Founded in 2013 in Calgary, Canada, the company enables operators to visualize well interiors through opaque fluids, unlike optical cameras. Its tools support decisions that cut operating costs, boost production, enhance well integrity, and reduce environmental risks. DarkVision serves major energy firms with technology commercialized from imaging expertise, operating across North American basins. | Futronic is a supplier of motors, actuators, and controllers to automotive component manufacturers. | Dresser Utility Solutions is a global supplier of engineered products for utility infrastructure, with emphasis on water and wastewater treatment. Serving the utility sector through brands like Meter-Sit and Roots, it addresses aging gas and water assets with products supporting ESG compliance. | |
| HQ Country | |||||
| HQ City | Fort Worth, TX | Vancouver | Busan | Houston, TX | |
| Deal Date | 10 Sep 2026 | 29 Jul 2026 | 19 Jul 2026 | 5 Jul 2026 | |
| Valuation | undisclosed | undisclosed | $696M | undisclosed | |
| EV/Revenue | |||||
| EV/EBITDA | |||||
This data is available for Pro users. Sign up to see all Blackstone acquisitions and their M&A valuation multiples. Start Free Trial | |||||
Investments by Blackstone
Blackstone has invested in 201 companies to date.
Latest investment by Blackstone was on September 2nd 2026. Blackstone invested in Huskeys in their $27M Series A round (EV/Revenue multiple available to Pro users).
Latest Investments by Blackstone
| Description | Huskeys builds an edge security management platform that unifies web application protection across CDN, WAF, infrastructure, and apps using AI-driven automation. | Aeroplan is a Canadian loyalty programme operated by Aeroplan Inc., headquartered in Montreal. Air Canada created it in 1984 as a frequent flyer programme and spun it off in 2002, and it later became part of Aimia before Air Canada bought it back in 2019. Members earn points through flights, credit cards from banking partners and a network of retail and travel partners, and redeem them for flights, hotels and merchandise. Aeroplan earns revenue by selling points to its partners and from related loyalty services. Its customers are consumers who collect and redeem points and the corporate partners that buy them. Air Canada relaunched the programme in 2020 and controls it as a majority owner. | Firmus Technologies is an Austin-headquartered provider of AI data center infrastructure known as AI Factories, optimizing GPU clusters for maximum token generation throughput and profitability. Featuring liquid cooling across racks, power management, and AI FactoryOS operating system, it supports H100 and H200 GPUs with 99.99 percent uptime. Firmus' SMC cloud platform leverages SHARP networking for hyperscalers training large language models at scale. | LemonEdge is a London-headquartered low-code platform embedding accounting, reconciliation, and reporting engines for financial institutions handling derivatives, funds, and securities. Clients build custom applications using drag-and-drop interfaces integrated with data sources like Bloomberg and DTCC. Founded in 2020, it powers solutions for banks and asset managers in Europe and Asia. | |
| HQ Country | |||||
| HQ City | Tel Aviv | Montreal | Sydney | London | |
| Deal Date | 2 Sep 2026 | 11 Aug 2026 | 7 Aug 2026 | 28 Jul 2026 | |
| Round | Series A | Secondary | Undisclosed stage | Series A | |
| Raised | $27M | $1.8B | $2B | $21M | |
| Investors | 10D; SV Angel; Blackstone; Bright Pixel; Merlin Ventures; Skinos Ventures; Okta Ventures | La Caisse; PSP Investments; Blackstone; BCI | NVIDIA; Alex Waislitz; The Pratt family; Archibald Capital; Blackstone; Morphic Ethical Equity Fund; Jane Street; Regal Investment Fund; Coatue; Tectonic Investment Management | BNY Mellon; Blackstone; Sidekick Partners | |
| Valuation | $100M | $7.1B | $11B | undisclosed | |
| EV/Revenue | |||||
| EV/EBITDA | |||||
This data is available for Pro users. Sign up to see all Blackstone investments and their VC round multiples. Start Free Trial | |||||
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Start Free TrialAbout Blackstone
| When was Blackstone founded? | Blackstone was founded in 1985. |
| Where is Blackstone headquartered? | Blackstone is headquartered in United States. |
| How many employees does Blackstone have? | As of today, Blackstone has over 5K employees. |
| Who is the CEO of Blackstone? | Blackstone's CEO is Stephen A. Schwarzman. |
| Is Blackstone publicly listed? | Yes, Blackstone is a public company listed on NYSE. |
| What is the stock symbol of Blackstone? | Blackstone trades under BX ticker. |
| When did Blackstone go public? | Blackstone went public in 2007. |
| Who are competitors of Blackstone? | Blackstone main competitors include Brookfield, KKR, Brookfield Asset Management, Macquarie Group, Apollo Global Management, Investor AB, Strategy, SoftBank Group, Banco BTG Pactual, State Street. |
| What is the current market cap of Blackstone? | Blackstone's current market cap is $96B. |
| What is the current revenue of Blackstone? | Blackstone's last 12 months revenue is $14B. |
| What is the current revenue growth of Blackstone? | Blackstone revenue growth (NTM/LTM) is 24%. |
| What is the current EV/Revenue multiple of Blackstone? | Current revenue multiple of Blackstone is 8.3x. |
| What is the current EBITDA of Blackstone? | Blackstone's last 12 months EBITDA is $8.6B. |
| What is Blackstone's EBITDA margin? | Blackstone's last 12 months EBITDA margin is 60%. |
| What is the current EV/EBITDA multiple of Blackstone? | Current EBITDA multiple of Blackstone is 13.8x. |
| What is the current FCF of Blackstone? | Blackstone's last 12 months FCF is $7.3B. |
| What is Blackstone's FCF margin? | Blackstone's last 12 months FCF margin is 50%. |
| What is the current EV/FCF multiple of Blackstone? | Current FCF multiple of Blackstone is 16.3x. |
| How many companies Blackstone has acquired to date? | As of November 2026, Blackstone has acquired 265 companies. |
| What was the largest acquisition by Blackstone? | $39B acquisition of Equity Office Properties on 1st February 2007 was the largest M&A Blackstone has done to date. |
| What companies Blackstone acquired? | Blackstone acquired Equity Office Properties, Medline, Hilton, GE Capital Real Estate, Refinitiv, Hologic, Freescale Semiconductor, AirTrunk, Copeland, American Campus Communities, and 255 other companies. |
| In how many companies Blackstone has invested to date? | As of November 2026, Blackstone has invested in 201 companies. |
| What was the last Blackstone investment? | On 2nd September 2026 Blackstone invested in Huskeys, participating in a $27M Series A round at $100M valuation, alongside 10D, SV Angel, Bright Pixel, Merlin Ventures, Skinos Ventures, and Okta Ventures. |
| In what companies Blackstone invested in? | Blackstone invested in OpenAI, Anthropic, KOC JV, Port Arthur LNG Phase 2, Rogers (wireless backhaul unit), Williams Power Innovation Joint Venture, Databricks, Copeland, Deutsche Telekom, Invenergy, Citibanamex, Eurowind Energy, Corebridge Financial, Northern Indiana Public Service Company, Acrisure, Shield AI, Firmus Technologies, Aeroplan, Articulate, Anthropic Applied AI (JV), and 181 other companies. |
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