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Blue Owl Capital

OWL on NYSE. Blue Owl sells private investment funds to pensions, insurers and wealthy individuals. Market value $12.5bn.

Watch this stockFree. We tell you when something changes.

Price checks use the past 12 months to June 2026. Some use the latest annual report instead, as marked. Quality checks use five annual reports, the latest for the year to December 2025.

Should I look at this?

Not a fit for our list right now

Why it could be worth it

Nothing stands out yet.

What to watch out for

See Financial services stocks that passed both tests

This is not advice. Check the numbers below.

Compare with another stock

Return on equity
five annual reports to December 2025
3.6%five-year median

Yearly profit per dollar of owners' money: 4 cents. Above 10 is good.

Price to book
quarterly report to June 2026
3.0×

What you pay for each dollar of net assets: $3.01.

Earnings yield
past 12 months to June 2026
1.3%

Profit per $100 you pay: $1.35.

Quality score: 61 of 100. Price score: 8 of 100. Our list needs 70 on quality and 60 on price.

$9.07 a share, 14% above its 1-year low

Over the past year the price has ranged from $7.95 to $17.33.

Dividend: 9.1% a year

Paid every year for at least 5 years

Payouts have jumped around in recent years, so this may not repeat.

Yields this high often come before a cut. Check the company's latest news.

Prices from Tuesday’s close (6 October).

Five years of cash, in billions

n/a
n/a
n/a
n/a
n/a
20212022202320242025
Revenue
$824m$234m$387m$528m$568m
Operating margin
n/an/an/an/an/a
Debt to equity
n/an/an/an/an/a
Shares outstanding
n/a0.43bn0.48bn0.56bn0.66bn

Health checks

  • Free cash flow positiveDoesn't apply to banks and insurers
  • Accounting checksDoesn't apply to banks and insurers
  • DebtDoesn't apply to banks and insurers
  • Revenue growth, five yearsShrinking, 8.9% a year

The quarter to June 2026

How the business did, compared with the same quarter a year earlier.

  • Sales: $137 million last quarter, down 1% on a year ago.
  • Profit: $11 million, down 35% on a year ago.
  • Spare cash over the past 12 months: $1.3 billion, up from $1 billion.
  • 5% more shares than a year ago. Each share owns a bit less of the company.
  • Sales grew on a year ago in 3 of the last 4 quarters.
Sales by quarter
Sales by quarter
Quarter toAmount
September 2024$141m
December 2024$138m
March 2025$133m
June 2025$138m
September 2025$150m
December 2025$147m
March 2026$138m
June 2026$137m
Profit by quarter
Profit by quarter
Quarter toAmount
September 2024$30m
December 2024$21m
March 2025$7m
June 2025$17m
September 2025$6m
December 2025$48m
March 2026$16m
June 2026$11m

From the company's quarterly reports to the SEC.

Dates

Next results (estimated)
n/a
Last annual report (10-K)
19 February 2026
Next quarterly (estimated, 10-Q)
30 October 2026

Who owns it

1 long-term investor we follow owns it, unchanged from 1 last quarter. 575 funds in all.

Jun '25
Dec '25
Jun '26
Largest holders overall

From 13F filings for the quarter ended 30 June 2026.

Big holders and activists

5 investors own more than 5%.

From Schedule 13D and 13G filings: anyone owning more than 5% must file one.

What insiders did

In the last 12 months, 4 insiders bought $7m of shares on the open market.

  • Ostrover Douglas I
    Co-Chief Executive Officer, Director
    Bought
    Date
    2 December 2025
    Shares
    139,327
    Price
    $15.06
    Value
    $2m
  • LIPSCHULTZ MARC S
    Co-Chief Executive Officer, Director
    Bought
    Date
    2 December 2025
    Shares
    139,326
    Price
    $15.06
    Value
    $2m
  • Packer Craig
    Co-President, Director
    Bought
    Date
    2 December 2025
    Shares
    110,227
    Price
    $15.06
    Value
    $2m
  • Kirshenbaum Alan
    Chief Financial Officer
    Bought
    Date
    1 December 2025
    Shares
    33,670
    Price
    $14.87
    Value
    $500,673
  • Ostrover Douglas I
    Co-Chief Executive Officer, Director
    Bought
    Date
    1 December 2025
    Shares
    18,673
    Price
    $15.06
    Value
    $281,215
  • LIPSCHULTZ MARC S
    Co-Chief Executive Officer, Director
    Bought
    Date
    1 December 2025
    Shares
    18,674
    Price
    $15.06
    Value
    $281,230
  • Packer Craig
    Co-President, Director
    Bought
    Date
    1 December 2025
    Shares
    14,773
    Price
    $15.06
    Value
    $222,481

From Form 4 filings: insiders must report trades in their own company's shares within two days.

Warning signs in its filings

Problems the company itself reported to the SEC, in its own words.

None of the warning signs we check for were found.

We look for five warning signs: doubt it can keep going, weak checks on its own accounts, a notice that its past accounts can't be relied on, a change of auditor, and one customer bringing in a big share of sales. We don't check lawsuits, investigations or debt yet.

We checked the auditor's report, internal controls, restatement notices, auditor changes and big customers in the 10-K filed 19 Feb 2026, plus the 10-Q filed 31 Jul 2026 and 5 later 8-Ks.

A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.

What could go wrong

  • Sales have shrunk: 8.9% a year.

Whether the price already reflects the risks is what the deep dive is for.

The deep dive

Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.

  • What the business is worth, as a range, and the margin of safety at today’s price
  • Prices to start buying, buy, and buy hard
  • The three things that would make this a mistake
  • Every number footnoted to the filing it came from
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What a finished deep dive looks like

Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.