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Blackstone Mortgage Trust Inc. (BXMT) Financial Analysis and Rating
Comparison Analysis Based on SEC Data
| Company Name | Blackstone Mortgage Trust Inc. |
| Industry (SIC) | 6798 - Real Estate Investment Trusts |
| Revenue in 2025 | $1,423 million (ranked #54 out of 269 companies in the industry) |
| Assets as of 12/31/2025 | $20,003 million (ranked #26) |
| Market Cap | $1,810 million (Oct 14, 2026) |
| Analyzed report | 12/31/2024 (filed 2/12/2025) |
Year:
Financial Position and Performance
| Compared with 2024 industry ratios | Change during the year |
|---|---|
|
much worse |
deteriorated significantly |
| Compared with all listed companies |
|---|
|
much worse |
Financial Ratios Benchmarking
| Financial Ratio | Comparison of company ratios for 2024 | ||
|---|---|---|---|
|
with industry ratios (67 - Holding And Other Investment Offices) |
with all listed companies | ||
| Solvency Ratios | |||
| Debt ratio |
0.81
0.59
|
0.81
0.61
|
|
| Debt-to-equity ratio |
4.22
1.45
|
4.22
1.35
|
|
| Interest coverage ratio |
-36.27
1.34
|
-36.27
2.45
|
|
| Profitability Ratios | |||
| Profit margin |
-11.5%
6.6%
|
-11.5%
3%
|
|
| ROE (Return on equity), after tax |
-5%
2.8%
|
-5%
5.1%
|
|
| ROA (Return on assets) |
-0.9%
0.8%
|
-0.9%
0.9%
|
|
| Activity Ratios | |||
| Asset turnover (days) |
4535
3174
|
4535
776
|
|
| Resulting score | -1,7 | -1,4 | |
Year:
Additional Ratios (not used in score calculation)
| Financial Ratio | Comparison of company ratios for 2024 | ||
|---|---|---|---|
|
with industry ratios (67 - Holding And Other Investment Offices) |
with all listed companies | ||
| Profitability Ratios | |||
| Operating margin (Return on sales) |
-11%
16.5%
|
-11%
5.1%
|
|
| Activity Ratios | |||
| EBIT | $(194)M | ||
| EBITDA | $(185)M | ||
| Price Ratios | |||
| Dividend Payout Ratio |
-1.86
0.57
|
-1.86
0.30
|
|
| Earnings per Share (basic) | $-1.17 | ||
| Earnings per Share (diluted) | $-1.17 | ||
Auditor's Conclusion
We have performed a comparative analysis of the balance sheet and income statement of Blackstone Mortgage Trust Inc. (hereafter – the "Company") for the year 2024 as filed with the U.S. Securities and Exchange Commission (SEC). The primary business activity of the Company is "Real Estate Investment Trusts" (SIC code 6798). In our analysis, we compared the key financial ratios of the Company with the average (median) values of those ratios calculated for the Company's specific industry sector and for all companies. The averages were calculated using data from 2024 financial statements filed with the SEC through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). By comparing each of the eleven key metrics to the median, we have reached an overall conclusion about the quality of the Company's financial condition. All calculations and conclusions were performed using software and methodologies developed by ReadyRatios.
Based on our analysis of the Company's key financial ratios, we have determined the following. The financial condition of Blackstone Mortgage Trust Inc. in 2024 is much worse than the typical financial condition of companies in the "Real Estate Investment Trusts" industry.
A comparison of the Company's financial ratios with the average ratios for all industries leads to the same conclusion. The financial position of Blackstone Mortgage Trust Inc. is much worse than that of most listed companies that file financial statements with the U.S. Securities and Exchange Commission.