Blackstone vs KKR &
KKR & is the larger business, with $19.46bn of revenue in fiscal 2025 against $14.45bn for Blackstone (1.3 times as much). Blackstone grew faster (9.2% against -11.0%). Blackstone kept more of each dollar of sales as profit: a net margin of 20.9% against 12.2%. KKR & carries less debt relative to equity (0.0% against 145.1%).
| Latest fiscal year | BlackstoneBX, 2025 | KKR &KKR, 2025 |
|---|---|---|
| Revenue | $14.45bn | $19.46bn |
| Revenue growth | 9.2% | -11.0% |
| Net income | $3.02bn | $2.37bn |
| Operating margin | — | — |
| Net margin | 20.9% | 12.2% |
| Return on equity | 35.8% | 8.7% |
| Free cash flow | $4.55bn | $478m |
| Cash | $2.63bn | $17.15bn |
| Total debt | $12.58bn | $0 |
| Debt to equity | 145.1% | 0.0% |
| Dividend per share | $4.69 | — |
| Dividend yield | 7.1% | 0.8% |
| Share buybacks | — | $3.4m |
| Employees | — | 5,043 |
| Market value | $88.66bn | $85.96bn |
| Price vs our value range | — | — |
| Moat score | 77 (Strong) | — |
| Insider trades, 12 months | 33 buys, 45 sales | 13 buys, 3 sales |