Blackstone Mortgage Trust, Inc. (BXMT) Stock Analysis
Real Estate · REIT - Mortgage · NYSE
Blackstone Mortgage Trust, Inc. (BXMT) posted $367.45M in revenue for fiscal 2025 (down 23.3% year over year), at a 29.8% net margin, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on Blackstone Mortgage Trust, Inc.
Blackstone Mortgage Trust, Inc. has grown revenue from $0 to $367.45M over the last 10 fiscal years. The most recent year was down 23.3%.
Net margin sits at 29.8%, up 72.4 points year over year.
The one thing worth a second look in the filings is net margin shrinking.
Synthesised from Blackstone Mortgage Trust, Inc.'s SEC filings — descriptive, not advice. Ask the analyst your own question →
Blackstone Mortgage Trust, Inc. revenue & earnings — last 10 fiscal years
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $628.05M | $670.66M | $479.07M | $367.45M |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Net income | $238.30M | $217.63M | $285.08M | $305.57M | $137.67M | $419.19M | $248.64M | $246.56M | $-204.09M | $109.57M |
| Net margin | — | — | — | — | — | — | 39.6% | 36.8% | -42.6% | 29.8% |
Source: Blackstone Mortgage Trust, Inc. SEC filings (10-K). 17 years of history available in the interactive view.
Blackstone Mortgage Trust, Inc.: 1 potential red flag in the filings
Patterns in the filed statements worth a second look — computed and cited, not AI guesswork, and not a signal to sell. The kind of thing that hides in a 10-K.
- Net margin shrinkingNet margin fell from 39.6% to 29.8% over ~3 years — profitability is compressing.
Explore 17 years of Blackstone Mortgage Trust, Inc. financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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Blackstone Mortgage Trust, Inc. financial history by metric
Compare Blackstone Mortgage Trust, Inc. with peers
About Blackstone Mortgage Trust, Inc.
Blackstone Mortgage Trust, Inc., a real estate finance company, originates, acquires, and manages loans and other debt or credit-oriented investments collateralized by or relating to commercial real estate. The company's investment portfolio consists of senior floating rate mortgage loans that are secured by a first-priority mortgage on commercial real estate assets. It has operations in the United States, the United Kingdom, Ireland, Australia, Spain, Sweden, Canada, rest of Europe, and internationally. It operates as a real estate investment trust for federal income tax purposes. The company was formerly known as Capital Trust, Inc. and changed its name to Blackstone Mortgage Trust, Inc. in May 2013. Blackstone Mortgage Trust, Inc. was incorporated in 1998 and is headquartered in New York, New York.
Blackstone Mortgage Trust, Inc. — frequently asked questions
What is Blackstone Mortgage Trust, Inc.'s revenue?
Blackstone Mortgage Trust, Inc. (BXMT) reported revenue of $367.45M for fiscal year 2025, down 23.3% from the prior year, according to its SEC filings.
Is Blackstone Mortgage Trust, Inc. profitable?
Yes. BXMT earned net income of $109.57M in fiscal 2025, a net margin of 29.8%.
What is BXMT's P/E ratio?
Blackstone Mortgage Trust, Inc. trades at a price-to-earnings ratio of about 30.4 based on the latest data in our nightly-refreshed cache.
How much debt does Blackstone Mortgage Trust, Inc. have?
As of fiscal year 2025, BXMT carried roughly $0 in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Blackstone Mortgage Trust, Inc.'s market cap?
Blackstone Mortgage Trust, Inc. (BXMT) has a market capitalization of about $3.08B, based on the latest data in our nightly-refreshed cache.
When does Blackstone Mortgage Trust, Inc.'s fiscal year end?
BXMT's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
Where does this data come from?
All figures are computed from Blackstone Mortgage Trust, Inc.'s official SEC filings (10-K and 10-Q), covering 17 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.