BXMT (Blackstone Mortgage Trust) Net Margin %: -3.95% (As of Mar. 2026)


BXMT Blackstone Mortgage Trust Inc BXMT
60 GF Score
Price $17.35
GF Value $18.42
Valuation Fairly Valued
! 4 Warning Signs
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What is Blackstone Mortgage Trust Net Margin %?

Blackstone Mortgage Trust BXMT -0.69% 60 Net Margin % is -3.95% as of Mar. 2026. GuruFocus rates BXMT with a GF Score™ of 60/100 and a GF Value™ of $18.42 (Fairly Valued). The stock has 4 warning signs investors should review. Among 928 REITs companies, Blackstone Mortgage Trust ranks worse than 71.12% on this metric.

Net margin is calculated as Net Income divided by its Revenue. Blackstone Mortgage Trust's Net Income for the three months ended in Mar. 2026 was $-6.3 Mil. Blackstone Mortgage Trust's Revenue for the three months ended in Mar. 2026 was $159.3 Mil. Therefore, Blackstone Mortgage Trust's net margin for the quarter that ended in Mar. 2026 was -3.95%.

The historical rank and industry rank for Blackstone Mortgage Trust's Net Margin % or its related term are showing as below:

BXMT' s Net Margin % Range Over the Past 10 Years
Min: -41.38   Med: 55.7   Max: 81.48
Current: 17.71


BXMT's Net Margin % is ranked worse than
71.12% of 928 companies
in the REITs industry
Industry Median: 44.95 vs BXMT: 17.71

Blackstone Mortgage Trust  (NYSE:BXMT) Net Margin % Explanation

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.


Blackstone Mortgage Trust Net Margin % Related Terms


Blackstone Mortgage Trust Net Margin % Historical Data

* Premium members only.

The historical data trend for Blackstone Mortgage Trust's Net Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Blackstone Mortgage Trust Net Margin % Chart

Blackstone Mortgage Trust Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Net Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 81.48 39.59 36.76 -41.38 19.82

Blackstone Mortgage Trust Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Net Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.28 5.21 47.77 24.83 -3.95

BXMT vs DX, ARR, EFC: Net Margin % Comparison

For the REIT - Mortgage subindustry, Blackstone Mortgage Trust's Net Margin %, along with its competitors' market caps and Net Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Blackstone Mortgage Trust Net Margin % vs REITs Industry

For the REITs industry and Real Estate sector, Blackstone Mortgage Trust's Net Margin % distribution charts can be found below:

* The bar in red indicates where Blackstone Mortgage Trust's Net Margin % falls into.


BXMT
60GF Score
Blackstone Mortgage Trust Inc BXMT
Net Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Blackstone Mortgage Trust Net Margin % Calculation

Net margin - also known as net profit margin is the ratio of Net Income divided by net sales or Revenue, usually presented in percent.

Blackstone Mortgage Trust's Net Margin for the fiscal year that ended in Dec. 2025 is calculated as

Net Margin=Net Income (A: Dec. 2025 )/Revenue (A: Dec. 2025 )
=109.569/552.834
=19.82 %

Blackstone Mortgage Trust's Net Margin for the quarter that ended in Mar. 2026 is calculated as

Net Margin=Net Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=-6.297/159.259
=-3.95 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Net Margin % →
What does a Net Margin % of -3.95% mean?
Blackstone Mortgage Trust (BXMT) has a Net Margin % of -3.95% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Blackstone Mortgage Trust and its competitors. According to the industry distribution chart, Blackstone Mortgage Trust ranks #660 out of 928 companies in the REITs industry, placing it in the top 71.1%.
Is Blackstone Mortgage Trust's Net Margin % too high?
Blackstone Mortgage Trust's current Net Margin % is -3.95%. Based on the distribution chart, Blackstone Mortgage Trust ranks #660 out of 928 companies in the REITs industry, which is below the industry midpoint. Overall, Blackstone Mortgage Trust has a GF Score™ of 60/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Blackstone Mortgage Trust's Net Margin % compare to DX and ARR?
According to the REITs industry distribution chart, Blackstone Mortgage Trust ranks #660 out of 928 companies for Net Margin %. This places Blackstone Mortgage Trust in the lower half of its industry. The industry median Net Margin % is 44.95. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Margin % for a REITs company?
The median Net Margin % among REITs companies is 44.95, based on 928 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on Blackstone Mortgage Trust and its competitors. For the REITs industry, the median Net Margin % is 44.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Blackstone Mortgage Trust's current Net Margin % is -3.95%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Blackstone Mortgage Trust stock overvalued right now?
Based on GuruFocus' analysis, Blackstone Mortgage Trust (BXMT) is currently considered Fairly Valued. The stock's GF Value™ is $18.42, compared to a current price of $17.35 — trading 5.8% below its estimated fair value. The current Net Margin % is -3.95%. Blackstone Mortgage Trust's overall GF Score™ is 60/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Blackstone Mortgage Trust (BXMT), the current Net Margin % is -3.95% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Blackstone Mortgage Trust (BXMT) Overvalued in 2026?

Based on GuruFocus' analysis, Blackstone Mortgage Trust stock appears to be undervalued. The current stock price of $17.35 is trading 5.8% below its estimated GF Value™ of $18.42. GuruFocus considers Blackstone Mortgage Trust to be Fairly Valued.

Key valuation signals for BXMT:

  • Net Margin %: -3.95%
  • GF Value™: $18.42 vs. price of $17.35 (5.8% below fair value)
  • GF Score™: 60/100 with 4 warning signs

No single metric tells the full story. See the BXMT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Blackstone Mortgage Trust Business Description

Industry Real EstateREITs
Other Exchanges 079A:Germany
Address 345 Park Avenue, 24th Floor, New York, NY, USA, 10154
Blackstone Mortgage Trust Inc is an externally managed real estate finance company that originates, acquires, and manages senior loans and other debt or credit-oriented investments collateralized by or relating to commercial real estate in North America, Europe, and Australia. Its portfolio is composed of senior loans secured by high-quality, institutional assets located in main markets, and sponsored by experienced, well-capitalized real estate investment owners and operators. The group finances its investments in a variety of ways, including borrowing under secured credit facilities, issuing collateralized loan obligations, or CLOs, other securitization transactions, syndicating senior loans and/or participations, and other forms of asset-level financing.
60GF Score

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Net Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$17.35
Price
$18.42
GF Value