ARES vs BX
Ares Management (ARES) and Blackstone (BX) compared side by side. Blackstone (BX) is larger, with a market cap of $141.0B versus $40.5B for Ares Management, about 3.5 times the size. On trailing earnings, BX is cheaper at 26.3x versus 56.3x for ARES.
Head to head
| Metric | ARES | BX |
|---|---|---|
| Market cap | $40.5B | $141.0B |
| P/E (TTM) | 56.3x | 26.3x |
| Forward P/E | 17.2x | 16.0x |
| Revenue (TTM) | $5.3B | $15.5B |
| Revenue growth | 9.6% | -0.5% |
| Gross margin | 100.0% | 100.0% |
| Operating margin | 9.5% | 48.9% |
| Free cash flow | $836.1M | $5.5B |
| Dividend yield | 4.42% | 4.43% |
| 1-year return | -14.4% | -20.8% |
| 5-year return (annual) | +11.9% | +0.4% |
| Max drawdown | -50% | -88% |
| FI Handbook grade | C+ | B- |
Highlighted: the stronger figure on metrics where higher or lower is clearly better.
Growth of $10,000 (5 years, price only)
ARES vs BX FAQ
Which is bigger, ARES or BX?
Blackstone (BX) is larger, with a market cap of $141.0B versus $40.5B for Ares Management, about 3.5 times the size.
Is ARES or BX cheaper?
On trailing earnings, BX is cheaper at 26.3x versus 56.3x for ARES. A lower P/E can reflect slower expected growth, so compare growth and margins too.
Which stock performed better over the past year, ARES or BX?
ARES returned -14.4% over the past year including dividends, versus -20.8% for BX, through October 23, 2026.
Which pays a higher dividend, ARES or BX?
BX yields 4.43% versus 4.42% for ARES.
Full pages: Ares Management · Blackstone