LIVE
BX
Blackstone Inc. · Financials - Alternative Asset Management
$123.79
+8.34% this month
VERSUS
⟷
COMPARE
KKR
KKR & Co. Inc. · Financials - Alternative Asset Management
$97.01
+4.40% this month
Scoreboard verdict
Across AI score, momentum, valuation, upside, operating margin
BX
1
KKR
3
Comparison scoreboard
KKR LEADS 3/5AI Score
BX 49.9
KKR ✓56.7
1Y Return
BX ✓-6.69%
KKR -20.23%
Fwd P/E
BX 16.43
KKR ✓13.12
Target Up.
BX +15.88%
KKR ✓+29.40%
Op. Margin
BX N/A
KKR N/A
Metrics last refreshed: 6/20/2026
Quick take
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.
Live analysis · updated 6/20/2026
KKR holds the edge across 3 of 5 key metrics in this comparison. BX has delivered stronger 1-year price return (-6.69% vs -20.23%), though KKR trades at the lower forward P/E (13.12x vs 16.43x). Analyst consensus implies meaningfully more upside for KKR (+29.40%) than for BX (+15.88%).
Normalized 1Y performance
BX
KKR
Recent returns
BX
KKR
Analyst price targets & sentiment
BX · 20 analysts
STRONG BUYHOLDSTRONG SELL
Buy (2.0/5.0)
Price target range
analyst low$116.00
analyst high$190.00
analyst mean$143.45
current price$123.79
+15.9% upside to analyst mean
KKR · 19 analysts
STRONG BUYHOLDSTRONG SELL
Buy (1.5/5.0)
Price target range
analyst low$104.00
analyst high$153.00
analyst mean$125.53
current price$97.01
+29.4% upside to analyst mean
Who should consider this stock?
BX may suit investors who:
- →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
KKR may suit investors who:
- →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
Performance & AI score
| Metric | BX | KKR |
|---|---|---|
| AI score | 49.9 | 56.7 |
| AI rank | #478 | #231 |
| Latest close | $123.79 | $97.01 |
| 1M return | +8.34% | +4.40% |
| 6M return | -17.50% | -26.31% |
| 1Y return | -6.69% | -20.23% |
$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 | $9.67K (-3.3%) started 2025-06-18 | $8.03K (-19.7%) started 2025-06-18 |
| 5Y ago | $18.33K (+83.3%) started 2021-06-18 | $18.73K (+87.3%) started 2021-06-18 |
| 10Y ago | $132.78K (+1227.8%) started 2016-06-20 | $107.88K (+978.8%) started 2016-06-20 |
Hypothetical — past performance does not guarantee future results.
Valuation & upside potential
| Metric | BX | KKR |
|---|---|---|
| Market cap | $151.3B | $90.46B |
| Trailing P/E | 31.74 | 33.00 |
| Forward P/E | 16.43 | 13.12 |
| Price/Sales | 10.51 | 3.57 |
| EV/Revenue | 8.77 | 6.00 |
| Analyst target | $143.45 | $125.53 |
| Target upside | +15.88% | +29.40% |
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 | 3.89% | 0.76% |
| 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 | -6.69% | -20.23% |
| CAGR | -6.70% | -20.24% | |
| Sharpe ratio | -0.15 | -0.54 | |
| Max drawdown | 44.76% | 44.62% | |
| Max daily drop | 6.23% | 9.69% | |
| Max wkly drop | 12.44% | 13.75% | |
| 5Y | Growth | +52.33% | +79.46% |
| CAGR | +8.78% | +12.41% | |
| Sharpe ratio | 0.30 | 0.38 | |
| Max drawdown | 49.29% | 49.42% | |
| Max daily drop | 10.00% | 15.18% | |
| Max wkly drop | 21.23% | 19.80% | |
| 10Y | Growth | +659.26% | +798.77% |
| CAGR | +22.49% | +24.57% | |
| Sharpe ratio | 0.62 | 0.66 | |
| 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 | Financials - Alternative Asset Management | Financials - Alternative Asset Management |
| Industry | N/A | N/A |
| 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. |
BX strengths
- →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
KKR strengths
- →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
Risks to watch — BX
- →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
Risks to watch — KKR
- →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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