Blackstone Mortgage Trust (BXMT) Financial Metrics 2020-2026

Key metrics and charts across all fundamental categories.

Prices

Stock price and market valuation

Stock Price: $17.23
Market Cap: $2.91B

BXMT trades at $17.23, a 13.9% decrease year-over-year. Market capitalization stands at $2.91B, down 15.3% from the prior year. Track BXMT price trends and market cap history to understand how the market values this company over time.

Stock Price

How the market values the company over time

Market Cap

Total equity value as determined by the market

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares across quarters

TTM Revenue: $1.92B
Q. Revenue: $464.97M
TTM EBITDA: $218.10M
TTM Op. Income: $112.97M
Q. Op. Income: $4,000
TTM Net Income: $103.63M
Q. Net Income: $-6.30M
EPS: $-0.04
Shares Out.: $169.08M

$1.92B in TTM revenue declined 25.9% YoY, reaching $464.97M last quarter. TTM EBITDA of $218.10M and TTM operating income of $112.97M shows growth is flowing through. Net income of $103.63M TTM confirms the company is converting revenue into profit. Revenue is contracting — assess whether this is cyclical or structural.

TTM Revenue

Reveals whether the core business is growing or shrinking

Quarterly Revenue

Highlights seasonal patterns and short-term momentum

TTM EBITDA

Shows if underlying operating profitability is improving

Quarterly EBITDA

Tracks near-term operating profitability trends

TTM Operating Income

Smoothed operating profit over the past four quarters

Quarterly Operating Income

Profit from core operations before financing costs

TTM Net Income

The bottom line — is the company making more money?

Quarterly Net Income

Short-term profit after all expenses and taxes

EPS

Earnings per share — profit attributable to each share

Shares Outstanding

Declining means buybacks benefit remaining holders

Assets & Liabilities

Assets, cash, debt, book value, and leverage

Total Assets: $19.63B
Cash: $549.15M
Long-Term Debt: $821.04M
Book Value: $3.41B
D/E Ratio: 0.2
Debt/EBITDA: 39.3

With $19.63B in assets and $821.04M in long-term debt, the D/E of 0.2and book value of $3.41B — shows a conservative capital structure — the company has a strong financial cushion to weather downturns.

Total Assets

Expanding asset base can indicate business growth

Cash & Equivalents

Shows liquidity available for opportunities or downturns

Long-Term Debt

Declining debt trend is generally positive

Book Value (Equity)

Growing book value signals intrinsic value creation

Debt / Equity

Lower means less reliance on borrowed money

Debt / EBITDA

Below 2x is conservative; above 4x is high

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $169.73M
TTM Free Cash Flow: $326.04M
FCF Margin: 17.0%
FCF / Net Income: 3.1

TTM FCF of $326.04M on $169.73M in operating cash flow. The FCF / Net Income ratio of 3.1x means earnings are well backed by actual cash — high-quality earnings.

Operating Cash Flow

Cash generated from core business operations

Free Cash Flow

Cash the business generates after maintaining itself

FCF Margin (TTM %)

TTM FCF / TTM Revenue — 10%+ signals a capital-efficient business model

FCF / Net Income (TTM)

TTM FCF / TTM Net Income — above 1 means earnings are backed by real cash

Margins

Profit margins across the income statement

EBITDA Margin: 4.5%
Op. Margin: 0.0%
Net Margin: -1.4%

Op. margin of 0.0% is down 0.1% YoY — costs are rising relative to revenue. Net margin at -1.4%.

Gross Margin (%)

Revenue left after direct cost of goods sold

EBITDA Margin (%)

Operating profitability independent of capital structure

Operating & Net Margins (%)

How much of each dollar becomes profit

Price Ratios

Valuation multiples — is the company cheap or expensive?

P/E Ratio: 28.1x
P/S Ratio: 1.5x
P/B Ratio: 0.9x

At 28.1x P/E, the stock trades in line with market averages — fairly valued. P/S of 1.5x and P/B of 0.9x provide additional context. Assess whether the current multiple is justified by the company's growth and profitability trajectory.

P/E Ratio

Higher suggests growth expectations; lower may signal undervaluation

P/S Ratio

Useful when earnings are volatile or negative

P/B Ratio

Below 1 means trading below accounting book value

EV / EBITDA

Lower multiple often signals better value

FCF Yield (TTM %)

TTM FCF / Market Cap — compare to bond yields

Earnings Yield (%)

Earnings return at current price — inverse of P/E

Others

Return ratios, efficiency, and credit metrics

ROE: 3.0%
ROA: 0.5%
Asset Turnover: 0.1
Rev/Share: $11.33
Interest Coverage: 0.0

ROE of 3.0% indicates weak profitability — below most peers. ROA of 0.5% shows how efficiently management uses assets to generate profit. Revenue per share at $11.327 removes dilution effects from top-line growth. Interest coverage of 0.0x suggests the company may struggle with debt service.

Return on Equity (ROE)

15%+ consistently signals a durable competitive advantage

Return on Assets (ROA)

How well management uses assets to generate profit

Asset Turnover

How efficiently assets generate each dollar of sales

Revenue per Share

Per-share revenue growth adjusted for dilution

Interest Coverage

How comfortably the company covers interest payments