Blue Owl Capital (OWL) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Blue Owl Capital

NYSE•Financial Services•Asset Management

$9.36-0.01(<0.01%)Market open

Market Cap

$7.41B

P/E

78.4x

P/S

2.4x

P/B

3.9x

Blue Owl Capital Inc. operates as an alternative asset manager in the United States. It offers permanent capital base solutions that enables it to offer holistic framework of capital solutions to middle market companies, large alternative asset managers, and corporate real estate owners and tenants. The company also provides private financing solutions, such as direct lending products comprising diversified, technology, first lien, and opportunistic lending to middle-market companies; alternative credit; investment grade credit; liquid credit; and other credit solutions. In addition, the company offers GP strategic capital products, which offers capital solutions, including GP minority stakes, GP debt financing, and professional sports minority stakes; and real estate products that focuses on acquiring triple net lease real estate by investment grade or creditworthy tenants, as well as real estate debt finance through net lease and real estate credit. It offers its solutions through permanent capital vehicles and long-dated private funds. Blue Owl Capital Inc. is headquartered in New York, New York.

How this company scores

GoodMetricSide Score: 72/100

Strongest: Cash & Earnings Quality (25/25); weakest: Balance Sheet & Red Flags (9/25).

Profitability18/25

Growth20/25

Balance Sheet & Red Flags9/25

Cash & Earnings Quality25/25

Strengths

Rising free cash flowStrong marginsRising earningsCash-backed earnings

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 78.4x5y range 71.0x – 882.3x

Currently below its 16-quarter median.

P/S · 2.4x5y range 2.0x – 8.0x

Currently below its 19-quarter median.

P/B · 3.9x5y range 2.9x – 6.6x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Leverage Risk

Watch

Debt-to-equity has risen 34.4% recently — increasing financial risk even if the current ratio is manageable.

Share Dilution

Red Flag

Shares outstanding increased 15.9% — significant dilution, likely from stock compensation or capital raises.

Price & Volume

Market Cap $7.41B

Metrics at a Glance

as of September 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $3.07B
Q. Revenue: $806.53M
TTM EBITDA: $540.66M
TTM Op. Income: $540.66M
Q. Op. Income: $147.76M
TTM Net Income: $94.56M
Q. Net Income: $19.96M
EPS: $0.03
Shares Out.: $698.00M

$3.07B in TTM revenue grew 11.8% YoY, reaching $806.53M last quarter. TTM EBITDA of $540.66M and TTM operating income of $540.66M show growth is flowing through to the bottom line. TTM net income of $94.56M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 18.3%
Op. Margin: 18.3%
Net Margin: 2.5%

Op. margin of 18.3% is up 2.8% YoY — cost efficiency is improving. Net margin at 2.5% Across the last 8 quarters, operating margin has risen for 2 consecutive quarters — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 78.4x
P/S Ratio: 2.4x
P/B Ratio: 3.9x

At 78.4x P/E, the stock trades above typical market levels — the market expects above-average growth. P/S of 2.4x and P/B of 3.9x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Across the last 8 quarters, P/E has risen for 2 consecutive quarters — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $12.23B
Cash: $213.61M
Long-Term Debt: $3.64B
Book Value: $1.92B
D/E Ratio: 1.9
Debt/EBITDA: 24.6

With $12.23B in assets and $3.64B in long-term debt, D/E is 1.9and book value is $1.92B — moderate leverage. Over the past year, debt/equity is up 34% — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $609.32M
TTM Free Cash Flow: $1.50B
FCF Margin: 49.0%
FCF / Net Income: 15.9

TTM FCF of $1.50B on $609.32M in operating cash flow. The FCF / Net Income ratio of 15.9x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has risen for 6 consecutive quarters — an improving trend.