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Blackstone vs ICG: Which Stock Looks Stronger in 2026?

Blackstone holds the cleaner structural position, with the lead spread across growth and profitability. ICG still has the edge on valuation, which keeps the comparison from looking entirely one-sided. Both sides have seen trend damage — neither carries a clear market edge right now. With both trends damaged, the structural comparison carries most of the weight here.

The comparison is based on similar long-term financial trajectories, not sector labels. Peer scores are normalised within each company's primary universe (BX: Russell 1000, ICG.L: STOXX 600).

Updated 2026-08-16

The lead is spread across growth and profitability, rather than sitting in one isolated gap. The overall score gap is 31 points in favour of Blackstone Inc..

INDUSTRY COMPARISON

Both operate in: Asset Management

This comparison is based on industry proximity, not on functional trajectory similarity. BX and ICG.L share the same industry classification.

For a similarity-based comparison, see how Blackstone and ICG each position within their functional peer groups in AssetNext.

Peer-Relative Score
BX
Blackstone Inc.
67
Peer-Score
Signal qualityLow
Peer basis: Russell 1000
vs
ICG.L
ICG plc
36
Peer-Score
Signal qualityMedium
Peer basis: STOXX 600

Scores reflect position relative to comparable companies with similar long-term financial trajectories.

The largest gaps do not all point in the same direction.

Dimension spread: BX vs ICG.L Profitability 92 26 Stability 29 12 Valuation 52 84 Growth 88 3 BX ICG.L
Gap Ranking
#1 Growth +85
#2 Profitability +66
#3 Valuation +32
#4 Stability +17
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for BX and ICG.L Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer BXICG.L Relative valuation Structural strength

Blackstone Inc. is stronger, but the price setup still looks more supportive for ICG plc.

Valuation position uses peer-relative PE percentile (idx_pct_pe) where available.

Relative Position vs Comparable Companies
Growth
On growth, Blackstone Inc. ranks near the top of the group; ICG plc sits in the weaker half.
Profitability
On profitability, the gap still runs the same way: Blackstone Inc. sits near the top of the group, while ICG plc remains in the weaker half.
Growth — Dominant Gap
BX
88
ICG.L
3
Gap+85in favour of BX

One company is still expanding while the other is contracting, which creates a very wide growth split.

What keeps the gap from being one-sided

Absolute pricing still looks more supportive for ICG, with a forward P/E that is 8.5 turns lower there.

What this means for the comparison

The lead is built on both growth and profitability — though valuation still provides a counterweight.

Explore full peer positioning in AssetNext

Break down the BX vs ICG.L comparison across all dimensions with the full interactive tool.

Explore full breakdown →
Other comparisons with conflicting dimension signals

Explore how BX and ICG.L each compare against other companies in their peer groups.

Rule-based, descriptive analysis only. Derived from peer percentile dimensions. Not investment advice. Peer groups are determined algorithmically based on structural similarity — not by sector classification alone.

How AssetNext Peer Scores Work

AssetNext scores reflect each company's structural position within its functional peer group — not a ranking against all stocks simultaneously. Peers are identified by similarity across eight financial dimensions, including revenue growth trajectory, margin structure, capital intensity, and earnings stability. A score of 75 means the company ranks in the top quartile within its own peer group, not the entire market.

Four dimension scores drive the overall peer score: Growth (revenue trajectory and expansion dynamics), Quality (margin structure and capital efficiency), Valuation (peer-relative pricing on standard multiples), and Stability (earnings consistency and financial predictability). Each dimension is scored 0–100 relative to the peer group, then combined into an overall peer score using equal weighting.

Because scores are peer-relative, the same company can have slightly different scores in different index universes. On comparison pages, both companies are shown within their shared peer universe wherever possible — so the scores are directly comparable. The peer basis is stated on each score card.

Scores are recalculated periodically as underlying financial data is updated. All analysis is descriptive and rule-based — AssetNext describes structural realities and never issues buy, sell or hold recommendations.