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Side-by-side financial comparison of Blackstone Inc. (BX) and PAN AMERICAN SILVER CORP (PAAS). Click either name above to swap in a different company.

Blackstone Inc. is the larger business by last-quarter revenue ($3.3B vs $2.8B, roughly 1.2× PAN AMERICAN SILVER CORP).

Blackstone Inc. is an American alternative investment management company based in New York City. It was founded in 1985 as a mergers and acquisitions firm by Peter Peterson and Stephen Schwarzman, who had previously worked together at Lehman Brothers. Blackstone's private equity business has been one of the largest investors in leveraged buyouts in the last three decades, while its real estate business has actively acquired commercial real estate across the globe.

Pan American Silver Corporation is a mining company based in Canada with operations in Latin America. The company has mines and other projects in Mexico, Peru, Bolivia, and Argentina.

BX vs PAAS — Head-to-Head

Bigger by revenue
BX
BX
1.2× larger
BX
$3.3B
$2.8B
PAAS

Income Statement — Q1 FY2026 vs Q3 FY2022

Metric
BX
BX
PAAS
PAAS
Revenue
$3.3B
$2.8B
Net Profit
$1.2B
Gross Margin
27.0%
Operating Margin
Net Margin
36.7%
Revenue YoY
-9.1%
Net Profit YoY
-3.9%
EPS (diluted)
$0.80
$-1.05

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
BX
BX
PAAS
PAAS
Q1 26
$3.3B
Q4 25
$4.4B
Q3 25
$3.1B
Q2 25
$3.7B
Q1 25
$3.3B
Q4 24
$3.1B
Q3 24
$3.7B
Q2 24
$2.8B
Net Profit
BX
BX
PAAS
PAAS
Q1 26
$1.2B
Q4 25
$1.0B
Q3 25
$624.9M
Q2 25
$764.2M
Q1 25
$614.9M
Q4 24
$703.9M
Q3 24
$780.8M
Q2 24
$444.4M
Operating Margin
BX
BX
PAAS
PAAS
Q1 26
Q4 25
54.1%
Q3 25
46.8%
Q2 25
51.6%
Q1 25
44.2%
Q4 24
50.6%
Q3 24
49.4%
Q2 24
43.2%
Net Margin
BX
BX
PAAS
PAAS
Q1 26
36.7%
Q4 25
23.3%
Q3 25
20.2%
Q2 25
20.6%
Q1 25
18.7%
Q4 24
22.8%
Q3 24
21.3%
Q2 24
15.9%
EPS (diluted)
BX
BX
PAAS
PAAS
Q1 26
$0.80
Q4 25
$1.29
Q3 25
$0.80
Q2 25
$0.98
Q1 25
$0.80
Q4 24
$0.91
Q3 24
$1.02
Q2 24
$0.58

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BX
BX
PAAS
PAAS
Cash + ST InvestmentsLiquidity on hand
$2.4B
Total DebtLower is stronger
Stockholders' EquityBook value
$18.5B
Total Assets
$45.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BX
BX
PAAS
PAAS
Q1 26
$2.4B
Q4 25
$2.6B
Q3 25
$2.4B
Q2 25
$2.2B
Q1 25
$2.4B
Q4 24
$2.0B
Q3 24
$2.4B
Q2 24
$2.4B
Total Debt
BX
BX
PAAS
PAAS
Q1 26
Q4 25
$12.6B
Q3 25
$12.1B
Q2 25
$12.1B
Q1 25
$12.6B
Q4 24
$11.5B
Q3 24
$10.9B
Q2 24
$10.8B
Stockholders' Equity
BX
BX
PAAS
PAAS
Q1 26
$18.5B
Q4 25
$8.7B
Q3 25
$8.4B
Q2 25
$8.4B
Q1 25
$8.0B
Q4 24
$8.2B
Q3 24
$7.0B
Q2 24
$6.8B
Total Assets
BX
BX
PAAS
PAAS
Q1 26
$45.3B
Q4 25
$47.7B
Q3 25
$46.6B
Q2 25
$45.4B
Q1 25
$45.3B
Q4 24
$43.5B
Q3 24
$42.6B
Q2 24
$40.6B
Debt / Equity
BX
BX
PAAS
PAAS
Q1 26
Q4 25
1.45×
Q3 25
1.44×
Q2 25
1.45×
Q1 25
1.58×
Q4 24
1.40×
Q3 24
1.55×
Q2 24
1.58×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

BX
BX

Management and Advisory Fees, Net$1.9B58%
Realized$562.0M17%
Other$368.1M11%
Unrealized$263.2M8%
Incentive Fees$191.8M6%

PAAS
PAAS

Segment breakdown not available.

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