Ares Management (ARES) vs Blackstone (BX)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Ares Management (ARES) has outperformed Blackstone (BX) over the past year, losing 22.1% versus a loss of 32.2%. Over five years, ARES leads with a +50.9% price change compared with -9.1% for BX. Blackstone is the larger company by market cap ($133.67 billion vs $38.40 billion), about 3.5 times the size, while Ares Management is growing revenue faster (+28.9% vs +9.2%).
On valuation, Blackstone trades at a lower forward P/E (15.1x vs 16.2x for Ares Management). Blackstone offers the higher dividend yield (4.68% vs 4.27%). Blackstone converts more of its revenue into profit, with a net margin of 20.9% versus 11.1%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | ARES | BX |
|---|---|---|
| Share price | $115.75 | $111.83 |
| Market cap | $38.40B | $133.67B |
| 1-day change | -1.69% | -1.35% |
| YTD return | -28.39% | -27.45% |
| 1-year return | -22.13% | -32.19% |
| 5-year return | +50.85% | -9.10% |
| P/E ratio (TTM) | 54.34 | 25.02 |
| Forward P/E | 16.21 | 15.07 |
| EPS (TTM) | $2.13 | $4.47 |
| Dividend yield | 4.27% | 4.68% |
| Annual dividend | $4.94 | $5.23 |
| Revenue (latest FY) | $4.76B | $14.45B |
| Revenue growth (YoY) | +28.86% | +9.22% |
| Net income (latest FY) | $527.36M | $3.02B |
| Net margin | 11.09% | 20.89% |
| 52-week high | $181.19 | $166.39 |
| 52-week low | $95.80 | $101.73 |
| Distance from 52-week high | -36.12% | -32.79% |
| Analyst consensus | buy | buy |
| Avg. price target upside | +26.70% | +26.66% |
| Average volume | 2.16M | 4.39M |
| Shares outstanding | 223.96M | 750.63M |
| Employees | 4,343 | 5,285 |
| Sector | Finance | Finance |
| Industry | Investment Managers | Investment Managers |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- Blackstone is about 3.5 times larger than Ares Management by market value ($133.67B vs $38.40B).
- ARES has outperformed BX by 10.1 percentage points over the past year.
- Ares Management trades at a higher earnings multiple (54.3x vs 25.0x trailing P/E).
- Blackstone is more profitable, keeping 20.9 cents of every revenue dollar as net income versus 11.1 cents for Ares Management.
- Ares Management grew revenue faster in its latest fiscal year (+28.86% vs +9.22%).
About Ares Management
ARES stock →Ares Management Corporation operates as an alternative asset manager. Its Direct Lending Group segment provides financing solutions to small-to-medium sized companies.
Finance · Investment Managers · 4,343 employees
About Blackstone
BX stock →Blackstone Inc. is an alternative asset management firm specializing in private equity, venture capital, real estate, hedge fund solutions, credit, secondary funds of funds, public debt and equity and multi-asset class strategies.
Finance · Investment Managers · 5,285 employees
ARES vs BX FAQ
Which is bigger, Ares Management or Blackstone?
Blackstone (BX) is larger, with a market capitalization of $133.67B compared with $38.40B for Ares Management (ARES).
Which stock has performed better over the past year, ARES or BX?
ARES returned -22.13% over the past 12 months, compared with -32.19% for BX (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, ARES or BX?
BX has the lower trailing P/E at 25.0, versus 54.3 for ARES. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Ares Management or Blackstone?
Blackstone has the higher yield at 4.68%, compared with 4.27% for Ares Management.
Are Ares Management and Blackstone in the same industry?
Yes. Both are classified in the Investment Managers industry within the Finance sector.