MARKETS / NYSE / OWL

NYSE · INVESTMENT ADVICE · LARGE CAP

Blue OWL Capital Inc. OWL

7 fiscal years on record · USD · FY2025 reported · SEC filings only

4 YEARS OF DIVIDEND GROWTH

Revenue

$2.9B

▲ 25.0% YoY

Net income

$78.8M

▼ 28.1% YoY

Free cash flow

$1.2B

▲ 28.1% YoY

In brief

What this company does

Blue Owl organizes its business through three product platforms: Credit, Real Assets and GP Strategic Capital. Its Credit platform includes direct lending, alternative credit, investment grade credit and liquid credit strategies, among others. The Real Assets platform focuses on net lease, real estate credit and digital infrastructure strategies. The GP Strategic Capital platform focuses on acquiring equity stakes in, and providing debt financing to, large, multi-product private equity and private credit firms. Blue Owl was formed in May 2021 through the combination of Owl Rock and Dyal Capital.

Written from the business description in BLUE OWL CAPITAL INC.'s annual report to the U.S. Securities and Exchange Commission, filed 19 February 2026. Every sentence was checked against that document before publication.

Growth

USD 2.9B

Revenue, FY2025 · full 7-year series below

Revenue $B Net income $B

FY2025 · Revenue 2.9 · Net income 0.1

Compound annual growth

Revenue

+28.0%

+63.0%

Dividend / share

+25.7%

Returned to shareholders

+31.9%

3 yrs

5 yrs

10 yrs

15 yrs

Revenue compounded at +63.0% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

11 cents

of every revenue dollar became profit

Operating margin Net margin

FY2025 · Operating 12.1% · Net 10.6%

ROE

FY2025 · ROE 3.6%

Gross margin—

Operating margin12.1%

Net margin10.6%

Return on assets2.6%

EBITDAUSD 371.4M

Each USD of equity produced 4 cents of profit this year.

Cash & shareholders

USD 600.4M

returned in FY2025 · dividends + net buybacks

Free cash flow $B

FY2025 · FCF 1.2

Net buybacks $M Dividends $M

FY2025 · Dividends 546.7 · Net buybacks 53.7

Dividends paidUSD 546.7M

Net buybacksUSD 53.7M

Share of profit761.5%

Consecutive raises4 years

USD 546.7M in dividends and USD 53.7M in buybacks — 762% of the year's profit, so the payout drew on cash built up earlier.

Total assetsUSD 12.5B

EquityUSD 2.2B

CashUSD 194.5M

Gross debtUSD 3.3B

Net debtUSD 3.1B

Net debt stands at 142% of equity.

The 7-year record

7 fiscal years

Every figure from documents filed with the SEC · USD

row low → row highnegative

Metric	2025	2024	2023	2022	2021	2020	2019
Revenue $B	2.9	2.3	1.7	1.4	0.8	0.2	0.2
Operating income $B	0.3	0.5	0.2	−0.0	−1.9	−0.1	0.0
EBITDA $B	0.4	0.5	0.3	−0.0	−1.9	−0.1	0.0
Income tax $B	0.0	0.0	0.0	−0.0	−0.1	−0.0	0.0
Net income $B	0.1	0.1	0.1	−0.0	−0.4	−0.1	0.0
Free cash flow $B	1.2	0.9	0.9	0.7	0.3	0.0	0.0
EPS, diluted $	0.10	0.20	0.10	−0.02	·	·	·
Dividend / sh $	0.85	0.68	0.55	0.43	0.13	0.00	0.00
Payout %	693	336	456	−1965	−13	−0	0
ROE %	3.6	6.0	3.5	−0.6	−45.1	−1556.6	·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance

Company facts, as filed

How we verify · 0 failures in 18 reconciliationsAUDITED

Reconciled in 7 of 19 fiscal years. 58 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures

ActivityInvestment Advice

Listed onNYSE

Incorporated inNew Jersey

Fiscal year endsDecember 31

Data on record since2019