Shareholder returns
- Dividends have been paid for 14 consecutive years, consuming 294.5% of earnings.
- The dividend has declined 1.5% per year over the past 5 years.
BXMT Financials Blackstone Mortgage Trust, Inc.
15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
Net income
ROEROA
Equity
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key annual figures
| FY | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| 2025 | — | $110M | — | — | 3.1% | 0.5% | — | — | $453M |
| 2024 | — | -$204M | — | — | -5.4% | -1.0% | — | — | $323M |
| 2023 | — | $247M | — | — | 5.6% | 1.0% | — | $16.5B | $350M |
| 2022 | — | $249M | — | — | 5.5% | 1.0% | — | $17.6B | $291M |
| 2021 | — | $419M | — | — | 9.1% | 1.8% | — | $15.1B | $551M |
| 2020 | — | $138M | — | — | 3.5% | 0.8% | — | $10.0B | $290M |
| 2019 | — | $306M | — | — | 8.1% | 1.8% | — | $11.5B | $150M |
| 2018 | — | $285M | — | — | 8.5% | 2.0% | — | $9.6B | $106M |
| 2017 | — | $218M | — | — | 7.5% | 2.1% | — | — | $103M |
| 2016 | — | $238M | — | — | 9.6% | 2.7% | — | — | $76M |
| 2015 | — | $197M | — | — | 7.9% | 2.1% | — | — | $96M |
| 2014 | — | $90M | — | — | 6.1% | 2.0% | — | — | $52M |
| 2013 | — | $15M | — | — | 2.1% | 0.7% | — | — | $52M |
| 2012 | — | $181M | — | — | 246.5% | 56.2% | — | — | $15M |
| 2011 | — | $258M | — | — | -233.8% | 18.9% | — | — | $35M |
Net income
ROEROA
Equity
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key quarterly figures
| Quarter | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| Jun '26 | — | -$81M | — | — | -2.5% | -0.4% | — | — | $433M |
| Mar '26 | — | -$6M | — | — | -0.2% | -0.0% | — | — | $549M |
| Dec '25 | — | $40M | — | — | 1.1% | 0.2% | — | — | $453M |
| Sep '25 | — | $63M | — | — | 1.8% | 0.3% | — | — | $378M |
| Jun '25 | — | $7M | — | — | 0.2% | 0.0% | — | — | $388M |
| Mar '25 | — | -$357000 | — | — | -0.0% | -0.0% | — | — | $669M |
| Dec '24 | — | $37M | — | — | 1.0% | 0.2% | — | — | $323M |
| Sep '24 | — | -$56M | — | — | -1.5% | -0.3% | — | — | $322M |
| Jun '24 | — | -$61M | — | — | -1.5% | -0.3% | — | — | $374M |
| Mar '24 | — | -$124M | — | — | -3.0% | -0.5% | — | $16.2B | $414M |
| Dec '23 | — | -$2M | — | — | -0.1% | -0.0% | — | $16.5B | $350M |
| Sep '23 | — | $30M | — | — | 0.7% | 0.1% | — | $16.6B | $421M |
| Jun '23 | — | $102M | — | — | 2.2% | 0.4% | — | $17.2B | $483M |
| Mar '23 | — | $118M | — | — | 2.6% | 0.5% | — | $17.7B | $516M |
| Dec '22 | — | -$48M | — | — | -1.1% | -0.2% | — | $17.6B | $291M |
| Sep '22 | — | $103M | — | — | 2.2% | 0.4% | — | $16.9B | $272M |
| Jun '22 | — | $93M | — | — | 2.0% | 0.4% | — | $17.6B | $284M |
| Mar '22 | — | $100M | — | — | 2.1% | 0.4% | — | $16.2B | $309M |
| Dec '21 | — | $124M | — | — | 2.7% | 0.5% | — | $15.1B | $551M |
| Sep '21 | — | $84M | — | — | 2.0% | 0.4% | — | $13.5B | $211M |
Valuation over time
How the market has priced BXMT against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
- The price-to-earnings ratio has risen from 12.1× (Mar '23) to 21.8× (Sep '26).
- The dividend yield has fallen from 14.0% (Mar '23) to 13.5% (Sep '26).
P/E
Dividend yield %
Frequently asked questions
Is BXMT growing its revenue and profit?
See the revenue and net-income charts above for Blackstone Mortgage Trust, Inc.'s multi-year trend.
How much debt does BXMT have?
As of FY2025, Blackstone Mortgage Trust, Inc. reported — of total debt against $453M of cash.
What is BXMT's profit margin?
In FY2025, gross margin was —, operating margin —, and net margin —.
What is BXMT's P/E ratio?
As of Sep '26, Blackstone Mortgage Trust, Inc. traded at a price-to-earnings ratio of about 21.8× (market cap ÷ latest annual net income). The valuation charts above show how its P/E and dividend yield have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.