Blue Owl Capital Inc. (OWL) intrinsic value & 10-year financials
Blue Owl Capital Inc. (OWL) has a Graham intrinsic value of $3.32 per share. At $8.85 on Oct 17, 2026, the stock trades 167% above that value. Over the last 8 fiscal years revenue grew 57.1% a year to $2.9B, with an average return on invested capital of -6.7%.
- Graham intrinsic value
- $3.32
- Share price (Oct 17, 2026)
- $8.85
- Price vs Graham value
- 167% above
- Market cap
- $5.9B
- Revenue (FY2025)
- $2.9B
- Revenue growth (8-yr CAGR)
- 57.1%
- ROIC (10-yr avg)
- -6.7%
- Free cash flow (FY2025)
- $1.2B
OWL 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $2.9B | $78.8M | $0.10 | $1.2B | — | 1.6% |
| FY2024 | $2.3B | $109.6M | $0.20 | $935.4M | — | 2.9% |
| FY2023 | $1.7B | $54.3M | $0.10 | $881.2M | — | 1.7% |
| FY2022 | $1.4B | -$9.3M | -$0.02 | $662.9M | — | -0.3% |
| FY2021 | $823.9M | -$376.2M | — | $276.4M | — | -23.9% |
| FY2020 | $249.8M | -$77.8M | — | $4.6M | — | -22.3% |
| FY2019 | $190.8M | $23.0M | — | $42.9M | — | -6.6% |
| FY2018 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
BLUE OWL CAPITAL INC. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
BLUE OWL CAPITAL INC. has historically struggled to out-earn its cost of capital, averaging just -6.7% ROIC.
BLUE OWL CAPITAL INC. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, BLUE OWL CAPITAL INC. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $3.32 per share.