Blackstone
BX Β· Asset Management & Custody Banks
$117.97
0.7%Corebridge Financial
CRBG Β· Asset Management & Custody Banks
$34.13
4.1%The short version
- Corebridge Financial is the larger business, with $18.5B of revenue in fiscal 2025 against $14.5B for Blackstone.
- Blackstone grew revenue faster (9.2%, against β1.2%).
- Investors pay more for each dollar of Blackstoneβs earnings: a P/E of 26.4x against 21.5x for Corebridge Financial.
| Latest fiscal year | BX Β· FY25 | CRBG Β· FY25 |
|---|---|---|
| Size | ||
| Market cap | $94.4B | $15.5B |
| Revenue | $14.5B | $18.5B |
| Free cash flow | $4.5B | β |
| Net income | $3.0B | β$366M |
| Growth | ||
| Revenue growth | 9.2% | β1.2% |
| 5-year growth | 18.8% | 4.2% |
| Share count change | 1.8% | β10.0% |
| Profitability | ||
| Gross margin | β | β |
| Operating margin | β | β |
| Net margin | 20.9% | β2.0% |
| FCF margin | 31.5% | β |
| Return on capital | 22.1% | β |
| Return on equity | 35.8% | β |
| Balance sheet | ||
| Net debt | $9.9B | β |
| Net debt / EBITDA | 1.3x | β |
| Dividends and buybacks | $6.0B | $2.6B |
| Valuation & quality | ||
| P/E | 26.4x | 21.5x |
| Piotroski F-score | β | β |
FY16
BX $5.1B
CRBG β
FY17
BX $7.1B
CRBG β
FY18
BX $6.8B
CRBG β
FY19
BX $7.3B
CRBG β
FY20
BX $6.1B
CRBG $15.1B
FY21
BX $22.6B
CRBG $23.3B
FY22
BX $8.5B
CRBG $24.7B
FY23
BX $8.0B
CRBG $18.8B
FY24
BX $13.2B
CRBG $18.7B
FY25
BX $14.5B
CRBG $18.5B
BX
CRBG
FY16
BX β
CRBG β
FY17
BX β
CRBG β
FY18
BX β
CRBG β
FY19
BX β
CRBG β
FY20
BX β
CRBG β
FY21
BX β
CRBG β
FY22
BX β
CRBG β
FY23
BX β
CRBG β
FY24
BX β
CRBG β
FY25
BX β
CRBG β
BX
CRBG
FY16
BX β$110M
CRBG β
FY17
BX β$1.7B
CRBG β
FY18
BX $27.4M
CRBG β
FY19
BX $1.9B
CRBG β
FY20
BX $1.8B
CRBG β
FY21
BX $3.9B
CRBG β
FY22
BX $6.1B
CRBG β
FY23
BX $3.8B
CRBG β
FY24
BX $3.4B
CRBG β
FY25
BX $4.5B
CRBG β
BX
CRBG
FY16
BX 13.2%
CRBG β
FY17
BX 15.3%
CRBG β
FY18
BX 14.1%
CRBG β
FY19
BX 17.4%
CRBG β
FY20
BX 11.3%
CRBG β
FY21
BX 55.0%
CRBG β
FY22
BX 12.2%
CRBG β
FY23
BX 10.8%
CRBG β
FY24
BX 21.6%
CRBG β
FY25
BX 22.1%
CRBG β
BX
CRBG
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Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.