TPG vs BX Stock Comparison: AI Score, Valuation, Performance and Upside
TPG and Blackstone both operate as alternative asset managers, but Blackstone does so at vastly larger scale across a more diversified set of strategies including a substantial real estate business, while TPG is a smaller, more growth equity and thematic-oriented private equity firm.
TPG offers a more concentrated bet on growth equity and thematic private equity investing, while Blackstone offers unmatched scale and diversification across the full alternative asset management landscape. Consider whether you prefer TPG's growth-focused niche or Blackstone's scale and diversification advantages.
TPG holds the edge across 3 of 5 key metrics in this comparison. TPG leads on both 1-year return (-27.08%) and forward P/E quality (14.43x vs 18.28x for BX), a relatively favorable combination of momentum and valuation. On fundamentals, TPG is growing revenue faster (110.20%), while BX maintains the higher operating margin (54.36%) — a classic growth-versus-profitability split. Analyst consensus implies meaningfully more upside for TPG (+15.52%) 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 concentrated exposure to growth equity and thematic private equity investing
- Believe a differentiated growth-oriented strategy can support strong fund performance
- Value a diversified but more focused mix across private equity, real estate, and credit
- Are comfortable with smaller scale relative to the largest alternative asset managers
- Want exposure to the world's largest and most diversified alternative asset manager
- Believe unmatched scale supports durable fundraising and deal sourcing advantages
- Value diversification across private equity, real estate, credit, and hedge fund solutions
- Are comfortable with real estate segment sensitivity to interest rate conditions
| Metric | TPG | BX |
|---|---|---|
| AI scorei | 34.4 | 59.0 |
| AI ranki | #1846 | #191 |
| Latest closei | $46.47 | $124.96 |
| 1M returni | -12.62% | -13.87% |
| 6M returni | +13.04% | +10.13% |
| 1Y returni | -27.08% | -33.77% |
How much would $10,000 be worth today if invested at the start of each period, with all dividends reinvested?
| Period | TPG | BX |
|---|---|---|
| 1Y ago | $7.29K (-27.1%) started 2025-09-18 | $6.62K (-33.8%) started 2025-09-18 |
| 5Y ago | $13.67K (+36.7%) started 2022-01-13 | $13.15K (+31.5%) started 2021-09-20 |
| 10Y ago | $13.67K (+36.7%) started 2022-01-13 | $117K (+1070.0%) started 2016-09-19 |
Hypothetical — past performance does not guarantee future results.
| Metric | TPG | BX |
|---|---|---|
| Market capi | $20.43B | $163.67B |
| Trailing P/Ei | 78.09 | 30.63 |
| Forward P/Ei | 14.43 | 18.28 |
| Price/Salesi | N/A | N/A |
| EV/Revenuei | 2.88 | 8.74 |
| Analyst targeti | $60.44 | $144.05 |
| Target upsidei | +15.52% | +5.20% |
| Metric | TPG | BX |
|---|---|---|
| Revenue growthi | 110.20% | 28.60% |
| Earnings growthi | N/A | 57.30% |
| EPS growthi | N/A | +57.30% |
| FCF margini | N/A | N/A |
| Operating margini | 19.82% | 54.36% |
| Profit margini | 5.09% | 22.73% |
| ROIC proxyi | 18.57% | 31.37% |
| Return on equityi | 18.57% | 31.37% |
| Dividend yieldi | 4.27% | 3.83% |
| Payout ratioi | 334.33% | 111.19% |
| Dividend growth streaki | N/A | No increase yet |
| Betai | 1.42 | 1.55 |
| Debt/equityi | 82.13 | 68.19 |
| Current ratioi | 3.64 | 0.87 |
| Quick ratioi | 3.61 | 0.83 |
Over the past year, TPG and BX have moved strongly in the same direction (correlation of 0.75), 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 | TPG | BX |
|---|---|---|---|
| 1Y | Growthi | -27.08% | -33.77% |
| CAGRi | -27.10% | -33.79% | |
| Volatilityi | 40.14% | 36.39% | |
| Sharpe ratioi | -0.70 | -1.08 | |
| Sortino ratioi | -0.94 | -1.44 | |
| Max drawdowni | 45.55% | 45.88% | |
| Current drawdowni | 33.29% | 33.77% | |
| Avg drawdowni | 25.85% | 28.15% | |
| Ulcer Indexi | 29.55% | 29.79% | |
| Max daily dropi | 8.38% | 6.23% | |
| Max wkly dropi | 14.67% | 12.44% | |
| 5Y | Growthi | +36.68% | +14.68% |
| CAGRi | +6.91% | +2.78% | |
| Volatilityi | 40.17% | 39.74% | |
| Sharpe ratioi | 0.26 | 0.15 | |
| Sortino ratioi | 0.36 | 0.22 | |
| Max drawdowni | 46.79% | 49.29% | |
| Current drawdowni | 34.82% | 36.24% | |
| Avg drawdowni | 20.18% | 22.67% | |
| Ulcer Indexi | 23.79% | 26.20% | |
| Max daily dropi | 14.69% | 10.00% | |
| Max wkly dropi | 18.55% | 21.23% | |
| 10Y | Growthi | +36.68% | +620.29% |
| CAGRi | +6.91% | +21.84% | |
| Volatilityi | 40.17% | 35.95% | |
| Sharpe ratioi | 0.26 | 0.61 | |
| Sortino ratioi | 0.36 | 0.88 | |
| Max drawdowni | 46.79% | 49.29% | |
| Current drawdowni | 34.82% | 36.24% | |
| Avg drawdowni | 20.18% | 14.66% | |
| Ulcer Indexi | 23.79% | 19.77% | |
| Max daily dropi | 14.69% | 15.40% | |
| Max wkly dropi | 18.55% | 30.68% |
| Category | TPG | BX |
|---|---|---|
| Company | TPG Inc. | Blackstone Inc. |
| Sector | Financial Services | Financial Services |
| Industry | Asset Management | Asset Management |
| Core business | A global alternative asset manager specializing in private equity, growth equity, real estate, and credit strategies, with a particular emphasis on growth-oriented and thematic investing. | The world's largest alternative asset manager, with diversified strategies spanning private equity, real estate, credit, and hedge fund solutions serving institutional and individual investors globally. |
| Investor focus | Fundraising momentum across its private equity and growth equity strategies, fee-related earnings growth, and fund performance driving carried interest realization. | Fee-related earnings growth, real estate and credit segment asset growth, and fundraising momentum across its diversified strategy platform. |
- Growth equity and thematic investing focus differentiates it from more traditional buyout-oriented private equity peers
- Diversified strategy mix across private equity, real estate, and credit provides multiple sources of fee income
- Track record in growth-oriented sectors has supported strong historical fund performance
- Unmatched scale as the largest alternative asset manager provides significant fundraising and deal sourcing advantages
- Highly diversified strategy mix across private equity, real estate, credit, and hedge fund solutions balances earnings sources
- Strong institutional brand recognition supports continued fundraising success across market cycles
- Smaller scale relative to the largest alternative asset managers can limit some fundraising and deal sourcing advantages
- Carried interest income can be volatile and tied to the timing of fund realizations and market conditions
- Faces competition from larger and more diversified alternative asset managers for capital raising
- Real estate segment performance has been affected by higher interest rates and commercial property valuation pressure
- Carried interest income can be volatile and tied to the timing of fund realizations and market conditions
- Faces the challenge of sustaining growth given its already substantial scale relative to the broader industry
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