vs

Side-by-side financial comparison of BLUE OWL CAPITAL INC. (OWL) and Park Hotels & Resorts Inc. (PK). Click either name above to swap in a different company.

BLUE OWL CAPITAL INC. is the larger business by last-quarter revenue ($755.6M vs $629.0M, roughly 1.2× Park Hotels & Resorts Inc.). BLUE OWL CAPITAL INC. runs the higher net margin — 6.3% vs -32.6%, a 38.9% gap on every dollar of revenue. On growth, BLUE OWL CAPITAL INC. posted the faster year-over-year revenue change (19.7% vs 0.6%). BLUE OWL CAPITAL INC. produced more free cash flow last quarter ($359.1M vs $-3.0M). Over the past eight quarters, BLUE OWL CAPITAL INC.'s revenue compounded faster (21.3% CAGR vs -0.8%).

Blue Owl Capital Inc. is an American alternative investment asset management company that is listed on the New York Stock Exchange under the ticker symbol: "OWL". Headquartered in New York City, it has additional offices around the world, including London, Dubai, and Hong Kong.

Park Hotels & Resorts is an American real estate investment trust (REIT) focused on hotel properties, based in Tysons, Virginia. It was formed in 2017 as a spin-off from Hilton Worldwide.

OWL vs PK — Head-to-Head

Bigger by revenue
OWL
OWL
1.2× larger
OWL
$755.6M
$629.0M
PK
Growing faster (revenue YoY)
OWL
OWL
+19.0% gap
OWL
19.7%
0.6%
PK
Higher net margin
OWL
OWL
38.9% more per $
OWL
6.3%
-32.6%
PK
More free cash flow
OWL
OWL
$362.1M more FCF
OWL
$359.1M
$-3.0M
PK
Faster 2-yr revenue CAGR
OWL
OWL
Annualised
OWL
21.3%
-0.8%
PK

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
OWL
OWL
PK
PK
Revenue
$755.6M
$629.0M
Net Profit
$47.7M
$-205.0M
Gross Margin
Operating Margin
22.2%
-26.1%
Net Margin
6.3%
-32.6%
Revenue YoY
19.7%
0.6%
Net Profit YoY
129.8%
-410.6%
EPS (diluted)
$0.07
$-1.04

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
OWL
OWL
PK
PK
Q4 25
$755.6M
$629.0M
Q3 25
$728.0M
$610.0M
Q2 25
$703.1M
$672.0M
Q1 25
$683.5M
$630.0M
Q4 24
$631.4M
$625.0M
Q3 24
$600.9M
$649.0M
Q2 24
$549.8M
$686.0M
Q1 24
$513.3M
$639.0M
Net Profit
OWL
OWL
PK
PK
Q4 25
$47.7M
$-205.0M
Q3 25
$6.3M
$-16.0M
Q2 25
$17.4M
$-5.0M
Q1 25
$7.4M
$-57.0M
Q4 24
$20.7M
$66.0M
Q3 24
$29.8M
$54.0M
Q2 24
$33.9M
$64.0M
Q1 24
$25.1M
$28.0M
Operating Margin
OWL
OWL
PK
PK
Q4 25
22.2%
-26.1%
Q3 25
7.6%
9.7%
Q2 25
12.0%
9.7%
Q1 25
5.9%
1.1%
Q4 24
11.7%
13.3%
Q3 24
18.7%
14.6%
Q2 24
28.4%
17.6%
Q1 24
24.7%
14.4%
Net Margin
OWL
OWL
PK
PK
Q4 25
6.3%
-32.6%
Q3 25
0.9%
-2.6%
Q2 25
2.5%
-0.7%
Q1 25
1.1%
-9.0%
Q4 24
3.3%
10.6%
Q3 24
5.0%
8.3%
Q2 24
6.2%
9.3%
Q1 24
4.9%
4.4%
EPS (diluted)
OWL
OWL
PK
PK
Q4 25
$0.07
$-1.04
Q3 25
$0.01
$-0.08
Q2 25
$0.02
$-0.02
Q1 25
$0.00
$-0.29
Q4 24
$0.06
$0.32
Q3 24
$0.04
$0.26
Q2 24
$0.06
$0.30
Q1 24
$0.04
$0.13

Balance Sheet & Financial Strength

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

Metric
OWL
OWL
PK
PK
Cash + ST InvestmentsLiquidity on hand
$194.5M
$232.0M
Total DebtLower is stronger
$3.3B
$3.9B
Stockholders' EquityBook value
$2.2B
$3.1B
Total Assets
$12.5B
$7.7B
Debt / EquityLower = less leverage
1.51×
1.23×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
OWL
OWL
PK
PK
Q4 25
$194.5M
$232.0M
Q3 25
$137.3M
$278.0M
Q2 25
$117.6M
$319.0M
Q1 25
$97.6M
$233.0M
Q4 24
$152.1M
$402.0M
Q3 24
$115.9M
$480.0M
Q2 24
$436.8M
$449.0M
Q1 24
$155.8M
$378.0M
Total Debt
OWL
OWL
PK
PK
Q4 25
$3.3B
$3.9B
Q3 25
$3.2B
$3.9B
Q2 25
$3.2B
$3.9B
Q1 25
$3.2B
$3.9B
Q4 24
$2.6B
$3.9B
Q3 24
$2.5B
$3.9B
Q2 24
$2.5B
$3.9B
Q1 24
$2.1B
$3.8B
Stockholders' Equity
OWL
OWL
PK
PK
Q4 25
$2.2B
$3.1B
Q3 25
$2.3B
$3.4B
Q2 25
$2.4B
$3.4B
Q1 25
$2.3B
$3.5B
Q4 24
$2.1B
$3.6B
Q3 24
$2.0B
$3.8B
Q2 24
$1.7B
$3.8B
Q1 24
$1.6B
$3.8B
Total Assets
OWL
OWL
PK
PK
Q4 25
$12.5B
$7.7B
Q3 25
$12.5B
$8.8B
Q2 25
$12.3B
$8.9B
Q1 25
$12.3B
$8.9B
Q4 24
$11.0B
$9.2B
Q3 24
$10.8B
$9.2B
Q2 24
$9.7B
$9.2B
Q1 24
$9.0B
$9.1B
Debt / Equity
OWL
OWL
PK
PK
Q4 25
1.51×
1.23×
Q3 25
1.41×
1.14×
Q2 25
1.38×
1.12×
Q1 25
1.37×
1.11×
Q4 24
1.22×
1.06×
Q3 24
1.27×
1.03×
Q2 24
1.41×
1.03×
Q1 24
1.26×
1.00×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
OWL
OWL
PK
PK
Operating Cash FlowLast quarter
$382.9M
$105.0M
Free Cash FlowOCF − Capex
$359.1M
$-3.0M
FCF MarginFCF / Revenue
47.5%
-0.5%
Capex IntensityCapex / Revenue
3.1%
17.2%
Cash ConversionOCF / Net Profit
8.03×
TTM Free Cash FlowTrailing 4 quarters
$1.2B
$102.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
OWL
OWL
PK
PK
Q4 25
$382.9M
$105.0M
Q3 25
$433.1M
$99.0M
Q2 25
$422.5M
$108.0M
Q1 25
$17.6M
$86.0M
Q4 24
$324.0M
$80.0M
Q3 24
$326.0M
$140.0M
Q2 24
$302.3M
$117.0M
Q1 24
$47.2M
$92.0M
Free Cash Flow
OWL
OWL
PK
PK
Q4 25
$359.1M
$-3.0M
Q3 25
$422.5M
$31.0M
Q2 25
$412.5M
$65.0M
Q1 25
$4.2M
$9.0M
Q4 24
$310.1M
$17.0M
Q3 24
$314.8M
$97.0M
Q2 24
$269.4M
$66.0M
Q1 24
$41.1M
$22.0M
FCF Margin
OWL
OWL
PK
PK
Q4 25
47.5%
-0.5%
Q3 25
58.0%
5.1%
Q2 25
58.7%
9.7%
Q1 25
0.6%
1.4%
Q4 24
49.1%
2.7%
Q3 24
52.4%
14.9%
Q2 24
49.0%
9.6%
Q1 24
8.0%
3.4%
Capex Intensity
OWL
OWL
PK
PK
Q4 25
3.1%
17.2%
Q3 25
1.5%
11.1%
Q2 25
1.4%
6.4%
Q1 25
2.0%
12.2%
Q4 24
2.2%
10.1%
Q3 24
1.9%
6.6%
Q2 24
6.0%
7.4%
Q1 24
1.2%
11.0%
Cash Conversion
OWL
OWL
PK
PK
Q4 25
8.03×
Q3 25
68.64×
Q2 25
24.25×
Q1 25
2.37×
Q4 24
15.62×
1.21×
Q3 24
10.94×
2.59×
Q2 24
8.91×
1.83×
Q1 24
1.88×
3.29×

Financial Flow Comparison

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

Revenue Breakdown by Segment

OWL
OWL

Credit Platform$455.0M60%
GP Strategic Capital Platform$157.0M21%
Administrative Service$87.6M12%
IPI Partners LLC$33.8M4%
Other$22.2M3%

PK
PK

Occupancy$371.0M59%
Food And Beverage$173.0M28%
Ancillary Hotel$61.0M10%
Hotel Other$24.0M4%

Related Comparisons