Franklin Resources vs Blackstone
Blackstone reported revenue of $14.5 billion in fiscal 2025, 1.6 times Franklin Resources' $8.8 billion in fiscal 2025. Franklin Resources' revenue grew 3.5% in its latest year, and Blackstone's grew 9.2%. Free cash flow was $912 million at Franklin Resources and $4.5 billion at Blackstone. Their fiscal years end in different months (September 30 and December 31), so the periods don't line up exactly.
Side by side
| Franklin Resources | Blackstone | |
|---|---|---|
| Latest fiscal year | FY2025, Sep 30, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $8.8B | $14.5B |
| Revenue growth | 3.5% | 9.2% |
| Revenue growth a year, last 5 years | 9.5% | 18.8% |
| Gross margin | — | — |
| Operating margin | 6.9% | — |
| Net margin | 6.0% | 20.9% |
| Free cash flow | $912M | $4.5B |
| Free cash flow margin | 10.4% | 31.5% |
| Return on capital | 3.6% | 22.1% |
| Net debt to EBITDA | −1.7x | 1.3x |
| Dividends and buybacks | $924M | $6.0B |
| Change in diluted share count | 1.4% | 1.8% |
| Last close | $30.99 | $119.06 |
| P/E at the last close | 21.1× | 26.6× |
| Insider trades, last 12 months | bought $2.1 million, sold $0 | bought $4.2 million, sold $28.2 million |
| Piotroski F-score | — | — |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
Franklin ResourcesBlackstone
Operating margin
Percent of revenue
Franklin ResourcesBlackstone
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Franklin ResourcesBlackstone
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Franklin Resources and Blackstone pages.