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Side-by-side financial comparison of BLUE OWL CAPITAL INC. (OWL) and Snowflake Inc. (SNOW). Click either name above to swap in a different company.
Snowflake Inc. is the larger business by last-quarter revenue ($1.2B vs $755.6M, roughly 1.6× BLUE OWL CAPITAL INC.). BLUE OWL CAPITAL INC. runs the higher net margin — 6.3% vs -24.2%, a 30.5% gap on every dollar of revenue. On growth, Snowflake Inc. posted the faster year-over-year revenue change (28.7% vs 19.7%). BLUE OWL CAPITAL INC. produced more free cash flow last quarter ($359.1M vs $113.6M). Over the past eight quarters, Snowflake Inc.'s revenue compounded faster (25.1% CAGR vs 21.3%).
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.
Snowflake Inc. is an American cloud-based data platform company founded in San Mateo, California, and headquartered in Bozeman, Montana. It operates a platform that supports data analysis and simultaneous access to data sets with minimal latency. It operates on Amazon Web Services, Microsoft Azure, and Google Cloud Platform.
OWL vs SNOW — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $755.6M | $1.2B |
| Net Profit | $47.7M | $-294.0M |
| Gross Margin | — | 67.8% |
| Operating Margin | 22.2% | -27.2% |
| Net Margin | 6.3% | -24.2% |
| Revenue YoY | 19.7% | 28.7% |
| Net Profit YoY | 129.8% | 9.4% |
| EPS (diluted) | $0.07 | $-0.87 |
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.
| Q4 25 | $755.6M | $1.2B | ||
| Q3 25 | $728.0M | $1.1B | ||
| Q2 25 | $703.1M | $1.0B | ||
| Q1 25 | $683.5M | $986.8M | ||
| Q4 24 | $631.4M | $942.1M | ||
| Q3 24 | $600.9M | $868.8M | ||
| Q2 24 | $549.8M | $828.7M | ||
| Q1 24 | $513.3M | $774.7M |
| Q4 25 | $47.7M | $-294.0M | ||
| Q3 25 | $6.3M | $-298.0M | ||
| Q2 25 | $17.4M | $-430.1M | ||
| Q1 25 | $7.4M | $-327.5M | ||
| Q4 24 | $20.7M | $-324.3M | ||
| Q3 24 | $29.8M | $-316.9M | ||
| Q2 24 | $33.9M | $-317.0M | ||
| Q1 24 | $25.1M | $-169.4M |
| Q4 25 | — | 67.8% | ||
| Q3 25 | — | 67.5% | ||
| Q2 25 | — | 66.5% | ||
| Q1 25 | — | 66.2% | ||
| Q4 24 | — | 65.9% | ||
| Q3 24 | — | 66.8% | ||
| Q2 24 | — | 67.1% | ||
| Q1 24 | — | 68.8% |
| Q4 25 | 22.2% | -27.2% | ||
| Q3 25 | 7.6% | -29.7% | ||
| Q2 25 | 12.0% | -42.9% | ||
| Q1 25 | 5.9% | -39.2% | ||
| Q4 24 | 11.7% | -38.8% | ||
| Q3 24 | 18.7% | -40.9% | ||
| Q2 24 | 28.4% | -42.1% | ||
| Q1 24 | 24.7% | -35.6% |
| Q4 25 | 6.3% | -24.2% | ||
| Q3 25 | 0.9% | -26.0% | ||
| Q2 25 | 2.5% | -41.3% | ||
| Q1 25 | 1.1% | -33.2% | ||
| Q4 24 | 3.3% | -34.4% | ||
| Q3 24 | 5.0% | -36.5% | ||
| Q2 24 | 6.2% | -38.3% | ||
| Q1 24 | 4.9% | -21.9% |
| Q4 25 | $0.07 | $-0.87 | ||
| Q3 25 | $0.01 | $-0.89 | ||
| Q2 25 | $0.02 | $-1.29 | ||
| Q1 25 | $0.00 | $-0.98 | ||
| Q4 24 | $0.06 | $-0.98 | ||
| Q3 24 | $0.04 | $-0.95 | ||
| Q2 24 | $0.06 | $-0.95 | ||
| Q1 24 | $0.04 | $-0.51 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $194.5M | $1.9B |
| Total DebtLower is stronger | $3.3B | — |
| Stockholders' EquityBook value | $2.2B | $2.1B |
| Total Assets | $12.5B | $8.2B |
| Debt / EquityLower = less leverage | 1.51× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $194.5M | $1.9B | ||
| Q3 25 | $137.3M | $1.9B | ||
| Q2 25 | $117.6M | $2.2B | ||
| Q1 25 | $97.6M | $2.6B | ||
| Q4 24 | $152.1M | $2.1B | ||
| Q3 24 | $115.9M | $1.3B | ||
| Q2 24 | $436.8M | $1.3B | ||
| Q1 24 | $155.8M | $1.8B |
| Q4 25 | $3.3B | — | ||
| Q3 25 | $3.2B | — | ||
| Q2 25 | $3.2B | — | ||
| Q1 25 | $3.2B | — | ||
| Q4 24 | $2.6B | — | ||
| Q3 24 | $2.5B | — | ||
| Q2 24 | $2.5B | — | ||
| Q1 24 | $2.1B | — |
| Q4 25 | $2.2B | $2.1B | ||
| Q3 25 | $2.3B | $2.4B | ||
| Q2 25 | $2.4B | $2.4B | ||
| Q1 25 | $2.3B | $3.0B | ||
| Q4 24 | $2.1B | $2.9B | ||
| Q3 24 | $2.0B | $4.1B | ||
| Q2 24 | $1.7B | $4.6B | ||
| Q1 24 | $1.6B | $5.2B |
| Q4 25 | $12.5B | $8.2B | ||
| Q3 25 | $12.5B | $8.2B | ||
| Q2 25 | $12.3B | $8.2B | ||
| Q1 25 | $12.3B | $9.0B | ||
| Q4 24 | $11.0B | $8.2B | ||
| Q3 24 | $10.8B | $6.9B | ||
| Q2 24 | $9.7B | $7.3B | ||
| Q1 24 | $9.0B | $8.2B |
| Q4 25 | 1.51× | — | ||
| Q3 25 | 1.41× | — | ||
| Q2 25 | 1.38× | — | ||
| Q1 25 | 1.37× | — | ||
| Q4 24 | 1.22× | — | ||
| Q3 24 | 1.27× | — | ||
| Q2 24 | 1.41× | — | ||
| Q1 24 | 1.26× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $382.9M | $137.5M |
| Free Cash FlowOCF − Capex | $359.1M | $113.6M |
| FCF MarginFCF / Revenue | 47.5% | 9.4% |
| Capex IntensityCapex / Revenue | 3.1% | 2.0% |
| Cash ConversionOCF / Net Profit | 8.03× | — |
| TTM Free Cash FlowTrailing 4 quarters | $1.2B | $776.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $382.9M | $137.5M | ||
| Q3 25 | $433.1M | $74.9M | ||
| Q2 25 | $422.5M | $228.4M | ||
| Q1 25 | $17.6M | $432.7M | ||
| Q4 24 | $324.0M | $101.7M | ||
| Q3 24 | $326.0M | $69.9M | ||
| Q2 24 | $302.3M | $355.5M | ||
| Q1 24 | $47.2M | $344.6M |
| Q4 25 | $359.1M | $113.6M | ||
| Q3 25 | $422.5M | $58.2M | ||
| Q2 25 | $412.5M | $183.4M | ||
| Q1 25 | $4.2M | $421.4M | ||
| Q4 24 | $310.1M | $88.3M | ||
| Q3 24 | $314.8M | $64.8M | ||
| Q2 24 | $269.4M | $338.9M | ||
| Q1 24 | $41.1M | $331.5M |
| Q4 25 | 47.5% | 9.4% | ||
| Q3 25 | 58.0% | 5.1% | ||
| Q2 25 | 58.7% | 17.6% | ||
| Q1 25 | 0.6% | 42.7% | ||
| Q4 24 | 49.1% | 9.4% | ||
| Q3 24 | 52.4% | 7.5% | ||
| Q2 24 | 49.0% | 40.9% | ||
| Q1 24 | 8.0% | 42.8% |
| Q4 25 | 3.1% | 2.0% | ||
| Q3 25 | 1.5% | 1.5% | ||
| Q2 25 | 1.4% | 4.3% | ||
| Q1 25 | 2.0% | 1.1% | ||
| Q4 24 | 2.2% | 1.4% | ||
| Q3 24 | 1.9% | 0.6% | ||
| Q2 24 | 6.0% | 2.0% | ||
| Q1 24 | 1.2% | 1.7% |
| Q4 25 | 8.03× | — | ||
| Q3 25 | 68.64× | — | ||
| Q2 25 | 24.25× | — | ||
| Q1 25 | 2.37× | — | ||
| Q4 24 | 15.62× | — | ||
| Q3 24 | 10.94× | — | ||
| Q2 24 | 8.91× | — | ||
| Q1 24 | 1.88× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
OWL
| Credit Platform | $455.0M | 60% |
| GP Strategic Capital Platform | $157.0M | 21% |
| Administrative Service | $87.6M | 12% |
| IPI Partners LLC | $33.8M | 4% |
| Other | $22.2M | 3% |
SNOW
| Products | $1.2B | 96% |
| Professional Services And Other | $54.5M | 4% |
| Related Party | $6.7M | 1% |
