Blackstone (BX) vs TPG (TPG)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
TPG (TPG) has outperformed Blackstone (BX) over the past year, losing 22.0% versus a loss of 32.2%. Blackstone is the larger company by market cap ($133.67 billion vs $17.38 billion), about 7.7 times the size, while TPG is growing revenue faster (+33.4% vs +9.2%). On valuation, TPG trades at a lower forward P/E (12.4x vs 15.1x for Blackstone).
TPG offers the higher dividend yield (5.03% vs 4.68%). Blackstone converts more of its revenue into profit, with a net margin of 20.9% versus 4.0%.
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 | BX | TPG |
|---|---|---|
| Share price | $111.83 | $44.51 |
| Market cap | $133.67B | $17.38B |
| 1-day change | -1.35% | -1.02% |
| YTD return | -27.45% | -30.28% |
| 1-year return | -32.19% | -22.02% |
| 5-year return | -9.10% | — |
| P/E ratio (TTM) | 25.36 | 65.46 |
| Forward P/E | 15.07 | 12.40 |
| EPS (TTM) | $4.41 | $0.68 |
| Dividend yield | 4.68% | 5.03% |
| Annual dividend | $5.23 | $2.24 |
| Revenue (latest FY) | $14.45B | $4.67B |
| Revenue growth (YoY) | +9.22% | +33.43% |
| Net income (latest FY) | $3.02B | $184.59M |
| Net margin | 20.89% | 3.95% |
| 52-week high | $166.39 | $70.38 |
| 52-week low | $101.73 | $36.95 |
| Distance from 52-week high | -32.79% | -36.76% |
| Analyst consensus | buy | buy |
| Avg. price target upside | +26.66% | +31.50% |
| Average volume | 4.39M | 2.63M |
| Shares outstanding | 750.63M | 160.11M |
| Employees | 5,285 | 1,900 |
| Sector | Finance | Financial Services |
| Industry | Investment Managers | Asset Management |
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 7.7 times larger than TPG by market value ($133.67B vs $17.38B).
- TPG has outperformed BX by 10.2 percentage points over the past year.
- TPG trades at a higher earnings multiple (65.5x vs 25.4x trailing P/E).
- Blackstone is more profitable, keeping 20.9 cents of every revenue dollar as net income versus 4.0 cents for TPG.
- TPG grew revenue faster in its latest fiscal year (+33.43% vs +9.22%).
- The two companies sit in different sectors: Blackstone in Finance and TPG in Financial Services.
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
About TPG
TPG stock →TPG Inc. operates as an alternative asset manager in the United States and internationally.
Financial Services · Asset Management · 1,900 employees
BX vs TPG FAQ
Which is bigger, Blackstone or TPG?
Blackstone (BX) is larger, with a market capitalization of $133.67B compared with $17.38B for TPG (TPG).
Which stock has performed better over the past year, BX or TPG?
TPG returned -22.02% 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, BX or TPG?
BX has the lower trailing P/E at 25.4, versus 65.5 for TPG. 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, Blackstone or TPG?
TPG has the higher yield at 5.03%, compared with 4.68% for Blackstone.
Are Blackstone and TPG in the same industry?
No. Blackstone is in the Finance sector, while TPG is in Financial Services.