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Alternative asset manager specializing in direct lending to private-equity-backed companies and GP stakes investing.
Alternative asset manager specializing in direct lending to private-equity-backed companies and GP stakes investing.
Raises money from investors for funds and earns recurring management fees on that capital, much of it locked up for years or permanent, plus performance fees when investments beat set returns. The GP stakes business takes minority stakes in other asset managers, sharing their fee income. Formed in 2021 when Owl Rock combined with Dyal Capital through a SPAC.
Moat: narrow (scale, distribution, process know-how). Scale in direct lending and a differentiated GP-stakes business give sourcing advantages versus smaller credit funds.
Headquarters: New York, New York, US · Founded: 2016 · Employees: 1,365
Size Blue Owl Capital (OWL) is a United States Financials company (Investment Managers) with a market value of $15.4B, the 586th largest of 3,117 United States companies the cockpit tracks. Shares closed at $9.82 on 6 Nov 2026.
Performance Over six months the shares fell 7.0%, against +4.2% for the median peer and -1.1% for the United States market (cap-weighted) — 5th lowest of 20 in its peer set.
Growth Revenue grew 10.8% over the last twelve months (peer median +12.4%); the operating margin is 17.0% (peer median 36.5%).
Valuation It trades at 10.4× forward earnings against a peer median of 13.8× (6th cheapest of 21).
Credit Blue Owl Capital has 17 bonds outstanding ($10.7B), rated BBB- by the agencies and trading like BB- at a weighted spread of 215 bp.
Short interest Short interest is 15.7% of the free float (15 Oct 2026).
Next results Next results expected around 17 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $3.04B | $2.87B | $2.30B | $1.73B | $1.37B |
| Revenue growth | — | +25% | +33% | +26% | — |
| Gross profit | n/a | $2.49B | $2.02B | $1.42B | n/a |
| EBITDA | $888M | $876M | $956M | $642M | $280M |
| Net income | $94.6M | $78.8M | $110M | $54.3M | -$9.29M |
| Free cash flow | $1.50B | $1.20B | $935M | $881M | $663M |
| Capital expenditure | $53.8M | $57.7M | $64.2M | $67.9M | $65.5M |
| Total debt | $4.16B | $3.86B | $2.98B | $2.00B | $1.86B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Blue Owl Capital OWL | $15.4B | -7% | +11% | 17% | 10.4× | n/a |
| Ares Management ARES | $30.0B | +7% | +7% | 27% | 20.5× | n/a |
| Apollo Global Management APO | $68.9B | -12% | +11% | 11% | 11.5× | n/a |
| Blackstone BX | $149B | -3% | +9% | 57% | 18.1× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | OWL | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +5.9% | +1.9% | 5th highest of 21 |
| 6-month return | -7.0% | +4.2% | 5th lowest of 20 |
| Distance from 52-week high | -42.2% | -17.7% | lowest of 21 |
| Revenue growth (TTM) | +10.8% | +12.4% | 10th lowest of 21 |
| Operating margin | 17.0% | 36.5% | 3rd lowest of 21 |
| Forward P/E | 10.4× | 13.8× | 6th cheapest of 21 |
| Bond spread | 215 bp | 104 bp | widest of 7 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Blue Owl Capital OWL | United States | $15.4B | -7% | +11% | 17% | 10.4× | n/a | n/a |
| ICICI Prudential Asset Management ICICIAMC.NS | India | $15.4B | -11% | +22% | 73% | 39.2× | n/a | n/a |
| DWS Group GmbH & Co. KGaA DWS.DE | Germany | $14.7B | +7% | +24% | 37% | 12.6× | n/a | n/a |
| Carlyle CG | United States | $14.1B | -22% | -44% | 14% | 10.2× | n/a | n/a |
| CVC Capital Partners CVC.AS | Netherlands | $16.9B | +10% | +14% | 57% | 18.1× | n/a | n/a |
| Guosen Securities 002736.SZ | China | $13.9B | -16% | -10% | 34% | 7.9× | n/a | n/a |
| Franklin Resources BEN | United States | $17.1B | +10% | +8% | 15% | 10.6× | n/a | n/a |
| IGM Financial IGM.TO | Canada | $13.3B | +7% | +20% | 36% | 14.0× | n/a | n/a |
| TPG TPG | United States | $17.9B | +4% | +21% | 17% | 13.8× | n/a | n/a |
| iA Financial IAG.TO | Canada | $13.1B | +29% | +13% | 59% | 13.9× | n/a | n/a |
| SEI Investments SEIC | United States | $12.5B | +15% | +13% | 30% | 15.3× | n/a | n/a |
| HDFC Asset Management HDFCAMC.NS | India | $12.0B | -7% | +12% | 80% | 35.5× | n/a | n/a |
| Invesco IVZ | United States | $11.9B | -1% | +17% | 24% | 8.6× | n/a | n/a |
| China Merchants Securities 600999.SS | China | $20.1B | +3% | -8% | 76% | 6.8× | n/a | n/a |
| Pershing Square PS | United States | $20.6B | +24% | +67% | 37% | 84.9× | n/a | n/a |
| Partners PGHN.SW | Switzerland | $21.3B | -24% | +9% | 56% | 16.7× | n/a | n/a |
| Amundi AMUN.PA | France | $21.7B | +9% | +1% | 23% | 11.9× | n/a | n/a |
| SBI Funds Management SBIFUNDS.NS | India | $10.8B | n/a | +21% | 89% | 31.1× | n/a | n/a |
| Stifel Financial SF | United States | $10.7B | -7% | +8% | 22% | 10.3× | n/a | n/a |
| T. Rowe Price TROW | United States | $23.1B | +4% | +7% | 36% | 10.8× | n/a | n/a |
| CSC Financial 601066.SS | China | $23.4B | -3% | -2% | 49% | 14.2× | n/a | n/a |
Blue Owl Capital has 17 bonds outstanding with $10.7B face value. The agencies rate it BBB-; its bonds trade like BB-. Weighted yield 6.75%, a spread of 215 bp over government bonds.