Blackstone Mortgage Trust (BXMT) Net Margin (2010 - 2026)
Blackstone Mortgage Trust (BXMT) reported Net Margin of 5.45% for Q1 2026, up 523.0% year-over-year from 0.87% in Q1 2025, and up 112.93% quarter-over-quarter from 42.13% in Q4 2025.
Blackstone Mortgage Trust (BXMT) Net Margin (2010 - 2026) Analysis & Trends
Blackstone Mortgage Trust (BXMT) has 7 years of Net Margin data on file, last reported at 5.45% in Q1 2026.
- Net Margin for Q1 2026 came in at 5.45%, up 523.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 20.72% (down 2817.0% YoY), and the FY2025 annual result was 19.98%, down 3516.0% from the prior year.
- Net Margin grew to 5.45% in Q1 2026 per BXMT's latest filing, from 42.13% in the prior quarter.
- Over five years, Net Margin peaked at 16.49% in Q2 2024 and troughed at 55.95% in Q3 2025.
- A 4-year average of 10.68% and a median of 0.56% in 2023 frame the typical range for Net Margin.
- On a YoY basis, Net Margin climbed as much as 4301 bps in 2025 and fell as far as 7226 bps in 2025.
- A 4-year view of Net Margin shows it stood at 0.56% in 2023, then tumbled by 3432 bps to 19.7% in 2024, then sank by 114 bps to 42.13% in 2025, then soared by 113 bps to 5.45% in 2026.
- Business Quant data shows BXMT's Net Margin at 5.45% in Q1 2026, 42.13% in Q4 2025, and 55.95% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Annaly Capital Management | 15.34 Bn | 13.08 Bn | - | - |
| 2 | AGNC Investment | 11.42 Bn | 10.75 Bn | - | - |
| 3 | Starwood Property Trust | 6.25 Bn | 6.25 Bn | - | 11.21% |
| 4 | Rithm Capital | 5.08 Bn | 4.78 Bn | - | 4.91% |
| 5 | Blackstone Mortgage Trust | 3.10 Bn | 2.56 Bn | - | 5.45% |
| 6 | Dynex Capital | 2.58 Bn | 1.80 Bn | - | - |
| 7 | Armour Residential REIT | 2.05 Bn | 1.32 Bn | - | - |
| 8 | Ellington Financial | 1.67 Bn | 1.39 Bn | - | 26.97% |
| 9 | Two Harbors Investment | 1.29 Bn | 746.67 Mn | - | - |
| 10 | Ladder Capital | 1.28 Bn | 1.25 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 5.45% |
| Dec 31, 2025 | -42.13% |
| Sep 30, 2025 | -55.95% |
| Jun 30, 2025 | -3.96% |
| Mar 31, 2025 | 0.21% |
| Dec 31, 2024 | -19.70% |
| Sep 30, 2024 | 16.32% |
| Jun 30, 2024 | 16.49% |
| Mar 31, 2024 | -42.80% |
| Dec 31, 2023 | -0.56% |
| Sep 30, 2023 | 9.11% |
| Sep 30, 2012 | 0.48% |
| Jun 30, 2012 | -3.50% |
| Mar 31, 2012 | -3.13% |
| Dec 31, 2011 | -113.69% |
| Sep 30, 2011 | 28.61% |
| Jun 30, 2011 | 18.00% |
| Mar 31, 2011 | 652.93% |
| Dec 31, 2010 | 65.85% |
| Sep 30, 2010 | -312.21% |