Last updated:
LIVE
BX
Blackstone Inc. · Alternative Asset Management
$128.68
+13.89% this month
VERSUS
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COMPARE
KKR
KKR & Co. Inc. · Alternative Asset Management
$98.61
+7.76% this month
Scoreboard verdict
Across AI score, momentum, valuation, upside, operating margin
BX
1
KKR
3
Comparison scoreboard
KKR LEADS 3/5AI Score
BX 49.2
KKR ✓55.9
1Y Return
BX ✓-25.13%
KKR -33.91%
Fwd P/E
BX 17.32
KKR ✓13.44
Target Up.
BX +7.98%
KKR ✓+24.97%
Op. Margin
BX N/A
KKR N/A
Metrics last refreshed: 7/24/2026
Quick take
BX vs KKR: Blackstone vs KKR Stock Comparison: AI Score, Valuation, Performance and Upside
Blackstone and KKR are two of the world's premier alternative asset managers, both compounding AUM and fee-related earnings across private equity, real assets, and credit. Blackstone is larger and more real-estate-focused; KKR has made a distinctive strategic bet on insurance via Global Atlantic and has stronger Asia-Pacific and private credit positioning.
Use this BX vs KKR comparison to choose between the largest alternative asset manager and a differentiated competitor with an insurance-linked capital strategy. Blackstone benefits from scale and brand in real estate and private equity; KKR's Global Atlantic provides a structural source of low-cost capital that accelerates its credit and infrastructure deployment.
Live analysis · updated 7/24/2026
KKR holds the edge across 3 of 5 key metrics in this comparison. BX has delivered stronger 1-year price return (-25.13% vs -33.91%), though KKR has the better forward P/E setup (13.44x vs 17.32x for BX). Analyst consensus implies meaningfully more upside for KKR (+24.97%) than for BX (+7.98%).
Normalized 1Y performance
BX
KKR
Recent returns
BX
KKR
Analyst price targets & sentiment
BX · 21 analysts
STRONG BUYHOLDSTRONG SELL
Buy (2.1/5.0)
Price target range
analyst low$114.00
analyst high$184.00
analyst mean$138.95
current price$128.68
+8.0% upside to analyst mean
KKR · 20 analysts
STRONG BUYHOLDSTRONG SELL
Buy (1.6/5.0)
Price target range
analyst low$105.00
analyst high$147.00
analyst mean$123.48
current price$98.61
+25.0% upside to analyst mean
Who should consider this stock?
BX may suit investors who:
- →Want exposure to the world's largest alternative asset manager with unrivalled scale and LP access
- →Value BREIT and retail investor products as a structural long-term AUM growth channel
- →Believe real estate and infrastructure are durable alternative asset categories for secular AUM growth
- →Prefer the highest fee-related earnings base and brand recognition in the alternative asset space
KKR may suit investors who:
- →Want an alternative asset manager with a distinctive insurance-linked capital strategy via Global Atlantic
- →Value KKR's strong private credit franchise as a beneficiary of bank retreat from direct lending
- →Prefer KKR's Asia-Pacific investment exposure as a geographic diversification vs Blackstone's US-heavy portfolio
- →Are comfortable with a slightly lower AUM base than BX in exchange for KKR's strategic capital differentiation
Performance & AI score
| Metric | BX | KKR |
|---|---|---|
| AI score | 49.2 | 55.9 |
| AI rank | #546 | #273 |
| Latest close | $128.68 | $98.61 |
| 1M return | +13.89% | +7.76% |
| 6M return | -15.19% | -19.84% |
| 1Y return | -25.13% | -33.91% |
$10,000 invested — hypothetical growth (dividends reinvested)
How much would $10,000 be worth today if invested at the start of each period, with all dividends reinvested?
| Period | BX | KKR |
|---|---|---|
| 1Y ago | $7.76K (-22.4%) started 2025-07-24 | $6.65K (-33.5%) started 2025-07-24 |
| 5Y ago | $16.21K (+62.1%) started 2021-07-26 | $17.36K (+73.6%) started 2021-07-26 |
| 10Y ago | $127.11K (+1171.1%) started 2016-07-25 | $100.68K (+906.8%) started 2016-07-25 |
Hypothetical — past performance does not guarantee future results.
Valuation & upside potential
| Metric | BX | KKR |
|---|---|---|
| Market cap | $160.16B | $92.13B |
| Trailing P/E | 28.79 | 33.61 |
| Forward P/E | 17.32 | 13.44 |
| Price/Sales | 11.12 | 3.63 |
| EV/Revenue | 8.50 | 5.90 |
| Analyst target | $138.95 | $123.48 |
| Target upside | +7.98% | +24.97% |
Growth, profitability & risk
| Metric | BX | KKR |
|---|---|---|
| Revenue growth | 5.70% | -6.60% |
| Earnings growth | 3.90% | N/A |
| EPS growth | +3.90% | N/A |
| FCF margin | N/A | N/A |
| Operating margin | N/A | N/A |
| Profit margin | 21.21% | 11.68% |
| ROIC proxy | 29.53% | 7.66% |
| Return on equity | 29.53% | 7.66% |
| Dividend yield | 4.05% | 0.78% |
| Beta | 1.58 | 1.79 |
| Debt/equity | 72.02 | 69.03 |
| Current ratio | 0.90 | 0.86 |
| Quick ratio | 0.85 | 0.81 |
Drawdown & downside risk
Lower drawdown and smaller single-period drops generally indicate a smoother ride, though they do not guarantee lower future risk.
1Y risk snapshot
BX max drawdown44.76%
KKR max drawdown44.62%
BX max wkly drop12.44%
KKR max wkly drop13.75%
5Y risk snapshot
BX max drawdown49.29%
KKR max drawdown49.42%
BX max wkly drop21.23%
KKR max wkly drop19.80%
10Y risk snapshot
BX max drawdown49.29%
KKR max drawdown49.42%
BX max wkly drop30.68%
KKR max wkly drop24.77%
Performance metrics by period
| Period | Metric | BX | KKR |
|---|---|---|---|
| 1Y | Growth | -25.13% | -33.91% |
| CAGR | -25.14% | -33.93% | |
| Sharpe ratio | -0.79 | -1.05 | |
| Max drawdown | 44.76% | 44.62% | |
| Max daily drop | 6.23% | 9.69% | |
| Max wkly drop | 12.44% | 13.75% | |
| 5Y | Growth | +34.72% | +66.37% |
| CAGR | +6.15% | +10.73% | |
| Sharpe ratio | 0.24 | 0.34 | |
| Max drawdown | 49.29% | 49.42% | |
| Max daily drop | 10.00% | 15.18% | |
| Max wkly drop | 21.23% | 19.80% | |
| 10Y | Growth | +626.84% | +738.77% |
| CAGR | +21.95% | +23.71% | |
| Sharpe ratio | 0.61 | 0.64 | |
| Max drawdown | 49.29% | 49.42% | |
| Max daily drop | 15.40% | 15.18% | |
| Max wkly drop | 30.68% | 24.77% |
Business comparison
| Category | BX | KKR |
|---|---|---|
| Company | Blackstone Inc. | KKR & Co. Inc. |
| Sector | Alternative Asset Management | Alternative Asset Management |
| Industry | N/A | N/A |
| Core business | World's largest alternative asset manager with over $1 trillion in AUM. Segments include Real Estate, Private Equity, Credit & Insurance, and Hedge Fund Solutions. BREIT (Blackstone Real Estate Income Trust) is the largest non-traded REIT. Strategic Partners and Secondary investments round out the platform. | Global investment firm with over $600B in AUM across Private Equity, Infrastructure, Real Assets, and Credit & Liquid Strategies. Acquired Global Atlantic (insurance) as a major strategic pivot to insurance-linked AUM. Strong Asia-Pacific investment franchise. |
| Investor focus | Fee-related earnings growth, AUM inflow momentum, BREIT net asset value and redemptions, infrastructure deployment, and distribution consistency. | Fee-related earnings growth, Global Atlantic insurance AUM growth, private credit deployment, Asia-Pacific investment performance, and capital markets fee revenue. |
BX strengths
- →Largest alternative asset manager globally — scale creates access to the best deals and broadest LP relationships
- →BREIT and other retail investor products are democratising private markets access and building a massive recurring fee base
- →Real estate and infrastructure expertise positions Blackstone to benefit from AI data center and energy transition demand
KKR strengths
- →Global Atlantic acquisition transforms KKR into an insurance-linked asset manager with a large, stable capital base
- →Strong private credit franchise is well-positioned to benefit from bank lending retreat and direct lending demand
- →Asia-Pacific investment platform is among the strongest in private equity and infrastructure globally
Risks to watch — BX
- →BREIT redemption queues in 2022–2023 raised questions about liquidity management in non-traded vehicles
- →Real estate portfolio faces ongoing valuation pressure from elevated interest rates
- →Heavy dependence on realisation activity — performance fees can be lumpy and unpredictable
Risks to watch — KKR
- →Global Atlantic insurance integration complexity and ALM (asset-liability management) risk
- →Credit quality in private lending books could deteriorate if economic conditions worsen
- →Management succession planning — founder-led firm transitioning leadership to the next generation
Frequently asked questions
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