Blackstone Mortgage Trust
Financial ratios & Valuation

Forward Multiples (2025 – 2026)

20252026
Price/Earnings ratio
9.298.32
Price/Sales ratio
5.945.58
Earnings per Share (EPS)
$2.04$2.28

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
15.6611.1111.8814.1812.7215.8428.3511.0614.5214.89-12.7615.84
Price/Sales ratio
10.947.808.6510.199.1411.419.039.015.758.723.5611.41
Price/Book Value ratio
0.960.871.131.061.071.281.001.010.790.840.801.28
Price/Cash Flow ratio
17.4812.7611.9613.5712.5015.9211.5912.139.108.007.9315.92
Price/Free Cash Flow ratio
17.4812.7611.9613.5712.5015.9211.5912.139.108.007.9015.92
Price/Earnings Growth ratio
0.120.372.38-1.381.25-2.64-0.480.05-0.30-7.24-0.81-2.64
Dividend Yield
5.97%7.63%8.22%7.60%7.64%6.62%8.93%7.98%11.66%11.62%9.54%7.64%
Profitability Indicator Ratios
Gross Profit Margin
100%84.69%82.89%81.90%81.12%81.50%81.97%82.80%82.43%100%77.69%81.50%
Operating Profit Margin
77.97%124.82%129.23%149.42%162.68%71.91%31.92%81.56%152.87%59.55%35.39%71.91%
Pretax Profit Margin
78.37%75.80%75.39%72.02%72.16%72.34%32.56%82.16%40.45%60.64%-27.30%72.34%
Net Profit Margin
69.86%70.24%72.84%71.81%71.90%72.03%31.85%81.48%39.58%58.58%-28.02%72.03%
Effective Tax Rate
0.51%0.23%0.07%0.14%0.10%-0.16%0.22%0.10%1.18%2.10%-1.48%-0.16%
Return on Assets
1.96%2.09%2.70%2.12%1.97%1.84%0.81%1.84%0.98%1.02%-1.13%1.84%
Return On Equity
6.14%7.89%9.55%7.47%8.47%8.12%3.54%9.13%5.50%5.64%-5.96%8.12%
Return on Capital Employed
2.23%3.77%4.84%4.47%4.50%4.50%1.52%4.04%8.18%2.29%2.99%4.50%
Liquidity Ratios
Current Ratio
0.530.900.860.470.760.75N/AN/AN/AN/A1.920.76
Quick Ratio
0.530.980.900.480.830.020.040.051.831.821.870.83
Cash ratio
0.530.900.860.470.760.010.030.040.020.020.020.01
Days of Sales Outstanding
48.8248.4036.6746.4552.1757.3556.3861.0814.34K20.12K8.64K52.17
Days of Inventory outstanding
N/A-73.67-26.65-8.07-48.36-5.02-2.44-125.96-24.32N/A1.18K-48.36
Operating Cycle
N/A-25.2610.0238.373.8152.3253.93-64.8714.32KN/A9.82K3.81
Days of Payables Outstanding
N/A797.2959.0294.25124.80115.5596.25123.16265.62N/A139.56124.80
Cash Conversion Cycle
N/A-822.56-48.99-55.87-120.99-63.22-42.32-188.0314.06KN/A9.68K-120.99
Debt Ratios
Debt Ratio
0.650.110.130.700.141.340.750.780.800.800.800.14
Debt Equity Ratio
2.050.440.472.470.605.933.303.904.524.414.510.60
Long-term Debt to Capitalization
0.670.310.320.710.370.760.560.550.600.600.620.37
Total Debt to Capitalization
0.670.310.320.710.370.850.760.790.810.810.810.37
Interest Coverage Ratio
N/AN/AN/AN/AN/AN/A0.40N/AN/AN/A0.22N/A
Cash Flow to Debt Ratio
0.020.150.190.030.140.010.020.020.010.020.020.02
Company Equity Multiplier
3.133.763.533.524.304.394.364.945.615.505.574.30
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.620.610.720.750.730.710.770.740.631.090.450.71
Free Cash Flow / Operating Cash Flow Ratio
111111111111
Cash Flow Coverage Ratio
0.020.150.190.030.140.010.020.020.010.020.020.02
Short Term Coverage Ratio
N/AN/AN/A46.31N/A0.030.040.030.020.030.030.03
Dividend Payout Ratio
93.55%84.83%97.68%107.97%97.25%105.03%253.43%88.42%169.47%173.15%-176.28%105.03%