Blackstone Income Statement Research

BX Stock

USD 122.53 0.42 0.34%

Most accounts from Blackstone's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Blackstone Group current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Blackstone Valuation and Blackstone Correlation analysis.

At this time, Blackstone's Depreciation And Amortization is fairly stable compared to the past year. Interest Expense is likely to rise to about 437.2 M in 2024, whereas Total Revenue is likely to drop slightly above 5.4 B in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	198.3M	317.2M	431.9M	437.2M
Depreciation And Amortization	74.9M	67.1M	134.2M	140.9M

Interest Expense Depreciation And Amortization

Blackstone income statement Correlations

	Depreciation And Amortization	Interest Expense	Selling General Administrative	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Cost Of Revenue	Minority Interest	Net Income From Continuing Ops	Non Operating Income Net Other	Tax Provision	Interest Income	Net Interest Income	Reconciled Depreciation	Extraordinary Items	Selling And Marketing Expenses
Depreciation And Amortization		-0.09	0.31	-0.21	-0.1	0.6	-0.39	-0.35	-0.33	0.5	-0.33	-0.27	-0.31	0.03	-0.13	-0.2	-0.23	-0.28	-0.14	-0.23	0.04	-0.37	0.35	-0.36
Interest Expense	-0.09		-0.2	-0.07	-0.14	-0.12	0.24	0.22	0.22	-0.08	-0.02	-0.26	-0.25	0.07	0.02	0.11	-0.02	0.51	0.02	0.59	0.65	-0.46	-0.09	0.09
Selling General Administrative	0.31	-0.2		0.41	0.7	0.74	0.26	0.28	0.28	0.75	0.25	0.12	0.25	0.5	-0.01	-0.61	0.33	-0.55	0.45	-0.07	-0.66	0.21	0.69	-0.71
Total Revenue	-0.21	-0.07	0.41		0.71	0.33	0.92	0.93	0.93	0.38	0.97	0.89	0.94	0.79	0.76	-0.87	0.97	0.19	0.81	-0.01	-0.45	0.55	0.1	-0.01
Gross Profit	-0.1	-0.14	0.7	0.71		0.3	0.68	0.7	0.69	0.33	0.64	0.43	0.62	0.63	0.11	-0.59	0.65	-0.23	0.67	0.0	-0.55	0.2	0.64	-0.65
Other Operating Expenses	0.6	-0.12	0.74	0.33	0.3		0.12	0.15	0.17	0.99	0.11	0.09	0.1	0.38	0.16	-0.59	0.18	-0.41	0.27	-0.23	-0.46	0.08	0.55	-0.29
Operating Income	-0.39	0.24	0.26	0.92	0.68	0.12		1.0	1.0	0.18	0.94	0.75	0.83	0.76	0.66	-0.69	0.9	0.38	0.8	0.25	-0.18	0.34	0.07	0.02
Ebit	-0.35	0.22	0.28	0.93	0.7	0.15	1.0		1.0	0.21	0.93	0.75	0.83	0.78	0.66	-0.71	0.9	0.36	0.82	0.25	-0.18	0.33	0.11	0.0
Ebitda	-0.33	0.22	0.28	0.93	0.69	0.17	1.0	1.0		0.23	0.93	0.75	0.83	0.78	0.67	-0.72	0.9	0.37	0.82	0.25	-0.18	0.32	0.11	0.0
Total Operating Expenses	0.5	-0.08	0.75	0.38	0.33	0.99	0.18	0.21	0.23		0.16	0.12	0.13	0.38	0.17	-0.6	0.22	-0.4	0.29	-0.22	-0.48	0.11	0.56	-0.27
Income Before Tax	-0.33	-0.02	0.25	0.97	0.64	0.11	0.94	0.93	0.93	0.16		0.93	0.96	0.75	0.8	-0.8	0.99	0.34	0.78	0.07	-0.35	0.57	-0.07	0.07
Total Other Income Expense Net	-0.27	-0.26	0.12	0.89	0.43	0.09	0.75	0.75	0.75	0.12	0.93		0.96	0.61	0.88	-0.76	0.92	0.32	0.64	-0.12	-0.42	0.74	-0.27	0.26
Net Income	-0.31	-0.25	0.25	0.94	0.62	0.1	0.83	0.83	0.83	0.13	0.96	0.96		0.67	0.78	-0.78	0.95	0.23	0.72	-0.07	-0.46	0.69	-0.1	0.08
Income Tax Expense	0.03	0.07	0.5	0.79	0.63	0.38	0.76	0.78	0.78	0.38	0.75	0.61	0.67		0.58	-0.81	0.75	0.14	0.98	0.29	-0.18	0.27	0.2	-0.21
Cost Of Revenue	-0.13	0.02	-0.01	0.76	0.11	0.16	0.66	0.66	0.67	0.17	0.8	0.88	0.78	0.58		-0.74	0.81	0.48	0.55	-0.02	-0.15	0.63	-0.49	0.49
Minority Interest	-0.2	0.11	-0.61	-0.87	-0.59	-0.59	-0.69	-0.71	-0.72	-0.6	-0.8	-0.76	-0.78	-0.81	-0.74		-0.85	-0.02	-0.76	0.02	0.46	-0.48	-0.16	0.15
Net Income From Continuing Ops	-0.23	-0.02	0.33	0.97	0.65	0.18	0.9	0.9	0.9	0.22	0.99	0.92	0.95	0.75	0.81	-0.85		0.32	0.76	0.06	-0.39	0.59	-0.04	0.0
Non Operating Income Net Other	-0.28	0.51	-0.55	0.19	-0.23	-0.41	0.38	0.36	0.37	-0.4	0.34	0.32	0.23	0.14	0.48	-0.02	0.32		0.14	0.47	0.57	0.01	-0.52	0.51
Tax Provision	-0.14	0.02	0.45	0.81	0.67	0.27	0.8	0.82	0.82	0.29	0.78	0.64	0.72	0.98	0.55	-0.76	0.76	0.14		0.31	-0.19	0.3	0.19	-0.17
Interest Income	-0.23	0.59	-0.07	-0.01	0.0	-0.23	0.25	0.25	0.25	-0.22	0.07	-0.12	-0.07	0.29	-0.02	0.02	0.06	0.47	0.31		0.53	-0.27	-0.01	-0.01
Net Interest Income	0.04	0.65	-0.66	-0.45	-0.55	-0.46	-0.18	-0.18	-0.18	-0.48	-0.35	-0.42	-0.46	-0.18	-0.15	0.46	-0.39	0.57	-0.19	0.53		-0.68	-0.33	0.33
Reconciled Depreciation	-0.37	-0.46	0.21	0.55	0.2	0.08	0.34	0.33	0.32	0.11	0.57	0.74	0.69	0.27	0.63	-0.48	0.59	0.01	0.3	-0.27	-0.68		-0.35	0.25
Extraordinary Items	0.35	-0.09	0.69	0.1	0.64	0.55	0.07	0.11	0.11	0.56	-0.07	-0.27	-0.1	0.2	-0.49	-0.16	-0.04	-0.52	0.19	-0.01	-0.33	-0.35		-0.8
Selling And Marketing Expenses	-0.36	0.09	-0.71	-0.01	-0.65	-0.29	0.02	0.0	0.0	-0.27	0.07	0.26	0.08	-0.21	0.49	0.15	0.0	0.51	-0.17	-0.01	0.33	0.25	-0.8

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Blackstone Account Relationship Matchups

Blackstone income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Interest Expense	199.6M	166.2M	198.3M	317.2M	431.9M	437.2M
Total Revenue	6.2B	5.2B	16.7B	7.1B	7.7B	5.4B
Gross Profit	3.1B	2.6B	8.3B	3.6B	7.4B	7.8B
Operating Income	2.0B	1.4B	7.0B	2.5B	3.1B	1.9B
Ebit	2.0B	1.4B	7.0B	2.5B	3.4B	2.0B
Ebitda	2.1B	1.5B	7.1B	2.6B	3.5B	2.0B
Income Before Tax	3.8B	2.6B	13.6B	3.5B	3.0B	2.8B
Net Income	3.9B	2.3B	12.4B	3.0B	1.4B	1.8B
Income Tax Expense	(48.0M)	356.0M	1.2B	472.9M	513.5M	539.1M
Cost Of Revenue	3.1B	2.6B	8.4B	3.5B	253.2M	240.5M
Minority Interest	476.7M	203.2M	(6.5B)	(1.2B)	(1.1B)	(1.0B)
Tax Provision	(48.0M)	356.0M	1.2B	472.9M	513.5M	463.7M
Interest Income	182.4M	30.5M	461.6M	105.1M	516.5M	637.8M
Net Interest Income	(17.3M)	(40.9M)	(37.6M)	(45.6M)	84.6M	80.4M

Pair Trading with Blackstone

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Blackstone position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Blackstone will appreciate offsetting losses from the drop in the long position's value.

Moving against Blackstone Stock

0.59	ZLSWU	Zalatoris II Acquisition Symbol Change	Pair Corr
0.49	EMCGU	Embrace Change Acqui	Pair Corr

The ability to find closely correlated positions to Blackstone could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Blackstone when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Blackstone - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Blackstone Group to buy it.

The correlation of Blackstone is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Blackstone moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Blackstone Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Blackstone can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Blackstone Group offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Blackstone's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Blackstone Group Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Blackstone Group Stock:

How To Invest In Blackstone

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Is Blackstone Stock a good investment?

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What is Blackstone's Net Worth?

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Check out Blackstone Valuation and Blackstone Correlation analysis.

You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.

Complementary Tools for Blackstone Stock analysis

When running Blackstone's price analysis, check to measure Blackstone's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Blackstone is operating at the current time. Most of Blackstone's value examination focuses on studying past and present price action to predict the probability of Blackstone's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Blackstone's price. Additionally, you may evaluate how the addition of Blackstone to your portfolios can decrease your overall portfolio volatility.

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Is Blackstone's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Blackstone. If investors know Blackstone will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Blackstone listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

8.678

Dividend Share

3.36

Earnings Share

2.83

Revenue Per Share

13.085

Quarterly Revenue Growth

1.736

The market value of Blackstone Group is measured differently than its book value, which is the value of Blackstone that is recorded on the company's balance sheet. Investors also form their own opinion of Blackstone's value that differs from its market value or its book value, called intrinsic value, which is Blackstone's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Blackstone's market value can be influenced by many factors that don't directly affect Blackstone's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Blackstone's value and its price as these two are different measures arrived at by different means. Investors typically determine if Blackstone is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Blackstone's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Blackstone Income Statement Research

Blackstone income statement Correlations

Blackstone Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Blackstone income statement Accounts

Pair Trading with Blackstone

Moving against Blackstone Stock

Complementary Tools for Blackstone Stock analysis

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Ebit	+ 1.0	Operating Income
Ebitda	+ 1.0	Operating Income
Ebitda	+ 1.0	Ebit
Total Operating Expenses	+ 0.99	Other Operating Expenses
Net Income From Continuing Ops	+ 0.99	Income Before Tax
Tax Provision	+ 0.98	Income Tax Expense

Minority Interest	- 0.87	Total Revenue
Net Income From Continuing Ops	- 0.85	Minority Interest
Minority Interest	- 0.81	Income Tax Expense
Selling And Marketing Expenses	- 0.8	Extraordinary Items
Minority Interest	- 0.8	Income Before Tax
Minority Interest	- 0.78	Net Income