BX vs KKR Stock Comparison: AI Score, Valuation, Performance and Upside
BX and KKR are two of the three largest alternative asset managers globally (alongside Apollo), competing across private equity, real estate, credit, and infrastructure. Blackstone's real estate dominance and perpetual capital innovation contrast with KKR's insurance balance sheet strategy through Global Atlantic — both executing different strategies to grow AUM and fee earnings at scale.
BX vs KKR represents the two titans of alternative asset management, each with distinct strategic positioning within the same competitive landscape of managing permanent and institutional capital across private markets.
BX holds the edge across 3 of 5 key metrics in this comparison. BX has delivered stronger 1-year price return (-33.77% vs -33.84%), though KKR has the better forward P/E setup (14.48x vs 18.28x for BX). BX leads on both revenue growth (28.60%) and operating margin (54.36%), suggesting a stronger fundamental setup on both dimensions. Analyst consensus implies meaningfully more upside for KKR (+19.29%) than for BX (+5.20%).
Human Wall Street analysts' price targets, typically implying a ~12-month view — a separate signal from this site's own AI Prediction Signal further down the page, which is a 5-/30-day machine-learning forecast based on price history alone.
- Want the largest, most diversified alternative asset manager with dominant private real estate and private equity franchises
- Value Blackstone's retail investor distribution strategy as a long-duration AUM and fee revenue growth opportunity
- See perpetual capital vehicles as a structural shift toward more stable, predictable fee earnings versus traditional fund-cycle economics
- Want alternative asset management exposure with the balance sheet advantage from Global Atlantic insurance capital
- Value KKR's private equity buyout heritage and track record as a source of premium return and deal access
- See KKR's expanding infrastructure and credit platforms as diversifying its earnings beyond the traditional PE cycle
| Metric | BX | KKR |
|---|---|---|
| AI scorei | 59.0 | 58.4 |
| AI ranki | #191 | #206 |
| Latest closei | $124.96 | $98.81 |
| 1M returni | -13.87% | -10.55% |
| 6M returni | +10.13% | +9.06% |
| 1Y returni | -33.77% | -33.84% |
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 | $6.62K (-33.8%) started 2025-09-18 | $6.62K (-33.8%) started 2025-09-18 |
| 5Y ago | $13.15K (+31.5%) started 2021-09-20 | $16.92K (+69.2%) started 2021-09-20 |
| 10Y ago | $117K (+1070.0%) started 2016-09-19 | $93.94K (+839.4%) started 2016-09-19 |
Hypothetical — past performance does not guarantee future results.
| Metric | BX | KKR |
|---|---|---|
| Market capi | $163.67B | $99.08B |
| Trailing P/Ei | 30.63 | 34.27 |
| Forward P/Ei | 18.28 | 14.48 |
| Price/Salesi | N/A | N/A |
| EV/Revenuei | 8.74 | 6.04 |
| Analyst targeti | $144.05 | $127.98 |
| Target upsidei | +5.20% | +19.29% |
| Metric | BX | KKR |
|---|---|---|
| Revenue growthi | 28.60% | 7.80% |
| Earnings growthi | 57.30% | 40.00% |
| EPS growthi | +57.30% | +40.00% |
| FCF margini | N/A | N/A |
| Operating margini | 54.36% | 20.65% |
| Profit margini | 22.73% | 12.20% |
| ROIC proxyi | 31.37% | 7.28% |
| Return on equityi | 31.37% | 7.28% |
| Dividend yieldi | 3.83% | 0.73% |
| Payout ratioi | 111.19% | 23.96% |
| Dividend growth streaki | No increase yet | No increase yet |
| Betai | 1.55 | 1.79 |
| Debt/equityi | 68.19 | 69.81 |
| Current ratioi | 0.87 | 0.86 |
| Quick ratioi | 0.83 | 0.82 |
Over the past year, BX and KKR have moved strongly in the same direction (correlation of 0.83), based on daily returns.
Lower drawdown and smaller single-period drops generally indicate a smoother ride, though they do not guarantee lower future risk.
| Period | Metric | BX | KKR |
|---|---|---|---|
| 1Y | Growthi | -33.77% | -33.84% |
| CAGRi | -33.79% | -33.85% | |
| Volatilityi | 36.39% | 38.70% | |
| Sharpe ratioi | -1.08 | -0.99 | |
| Sortino ratioi | -1.44 | -1.31 | |
| Max drawdowni | 45.88% | 43.83% | |
| Current drawdowni | 33.77% | 33.84% | |
| Avg drawdowni | 28.15% | 27.10% | |
| Ulcer Indexi | 29.79% | 28.95% | |
| Max daily dropi | 6.23% | 9.69% | |
| Max wkly dropi | 12.44% | 13.75% | |
| 5Y | Growthi | +14.68% | +63.61% |
| CAGRi | +2.78% | +10.36% | |
| Volatilityi | 39.74% | 39.73% | |
| Sharpe ratioi | 0.15 | 0.33 | |
| Sortino ratioi | 0.22 | 0.48 | |
| Max drawdowni | 49.29% | 49.65% | |
| Current drawdowni | 36.24% | 40.69% | |
| Avg drawdowni | 22.67% | 23.48% | |
| Ulcer Indexi | 26.20% | 27.96% | |
| Max daily dropi | 10.00% | 15.18% | |
| Max wkly dropi | 21.23% | 19.80% | |
| 10Y | Growthi | +620.29% | +699.07% |
| CAGRi | +21.84% | +23.11% | |
| Volatilityi | 35.95% | 36.77% | |
| Sharpe ratioi | 0.61 | 0.63 | |
| Sortino ratioi | 0.88 | 0.91 | |
| Max drawdowni | 49.29% | 49.65% | |
| Current drawdowni | 36.24% | 40.69% | |
| Avg drawdowni | 14.66% | 15.19% | |
| Ulcer Indexi | 19.77% | 21.13% | |
| Max daily dropi | 15.40% | 15.18% | |
| Max wkly dropi | 30.68% | 24.77% |
| Category | BX | KKR |
|---|---|---|
| Company | Blackstone Inc. | KKR & Co. Inc. |
| Sector | Financial Services | Financial Services |
| Industry | Asset Management | Asset Management |
| Core business | Blackstone is the world's largest alternative asset manager, operating across private equity, real estate (the world's largest private real estate investor), credit and insurance, and hedge fund solutions, managing over $1 trillion in AUM for institutional and increasingly retail investors. | KKR is one of the world's largest alternative asset managers, operating across private equity, credit, real assets (infrastructure and real estate), and insurance (Global Atlantic), managing over $500 billion in AUM for institutional investors globally. |
| Investor focus | Investors track Blackstone's distributable earnings, fee-related earnings growth, perpetual capital AUM (BREIT, BCRED), fundraising pace, and the deployment and realization cycle for its massive private equity and real estate platforms. | Investors track KKR's fee-related earnings, distributable earnings, AUM growth across private equity and credit, deployment pace, and the contribution of Global Atlantic's insurance balance sheet to earnings. |
- World's largest alternative asset manager with extraordinary brand and institutional relationships for fundraising at scale
- Diversified platform across private equity, real estate, credit, and hedge funds provides multiple earnings streams and cross-selling opportunities
- Perpetual capital vehicles (BREIT, BCRED) provide more stable fee revenues than traditional closed-end fund economics
- Global Atlantic insurance acquisition provides a permanent, large capital base for investment that earns spread income and reduces dependence on fundraising cycles
- Private equity franchise with legendary LBO history and global reach provides premium deal access and differentiated returns track record
- Expanding credit and infrastructure platforms provide diversification beyond traditional buyout private equity
- Real estate portfolio values are sensitive to rising interest rates as cap rates adjust, pressuring NAV of real estate funds
- Retail investor distribution through non-traded REITs (BREIT) creates liquidity risk if redemption requests exceed quarterly gates
- Scale and success create increasing regulatory scrutiny of market power and conflicts of interest in alternative asset management
- Global Atlantic insurance integration introduces insurance balance sheet risk that is different from KKR's traditional asset-light model
- Private equity realizations require functioning exit markets (IPOs, M&A) — slowdowns in these markets defer carried interest recognition
- Competition for attractive private equity and credit deals from hundreds of competing alternative asset managers has intensified significantly
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