BXMT
Blackstone Mortgage Trust margins
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- Real Estate
- NYSE: BXMT
- Margins
Based on the latest figures, Blackstone Mortgage Trust reports a gross margin of 27.5%, an operating margin of 34%, an EBITDA margin of 16.1%, and a net margin of 2.5%. Margin expansion was strongest in EBITDA margin, which gained by 9.7 percentage points. Gross margin had the strongest contraction, dropping by 34 percentage points.
BXMT margin history
Over the last 3 years, Blackstone Mortgage Trust recorded average margins of 65.18% gross, 57.32% operating, 3.47% EBITDA, and -3.06% net. Blackstone Mortgage Trust's current performance shows that EBITDA and net margins are above their three-year averages and gross and operating margins are below their three-year averages.
BXMT margin expansion
EBITDA margin expanded by 9.7 percentage points and net margin by 5.1 percentage points, whereas gross margin contracted by 34 percentage points and operating margin by 15.7 percentage points.
BXMT Gross margin
Throughout the last 3 years, Blackstone Mortgage Trust had an average gross margin of 65.18%. Blackstone Mortgage Trust's current gross margin is 27.5% and is 37.7 percentage points below its three-year average. Looking back over the last 3 years, Blackstone Mortgage Trust's gross margin reached 84.6% at its highest point in Sep 2024 and 27.5% at its lowest in Jun 2026.
BXMT Operating margin
Over the last 3 years, Blackstone Mortgage Trust had an average operating margin of 57.32%. Against its three-year average, Blackstone Mortgage Trust's operating margin is currently 34%, 23.3 percentage points below its three-year average. Looking back over the last 3 years, Blackstone Mortgage Trust's operating margin reached 75.4% at its highest point in Jun 2024 and 34% at its lowest in Jun 2026.
BXMT EBITDA margin
In the last 3 years, Blackstone Mortgage Trust had an average EBITDA margin of 3.47%. Against its three-year average, Blackstone Mortgage Trust's EBITDA margin is currently 16.1%, 12.6 percentage points above its three-year average. Looking back over the last 3 years, Blackstone Mortgage Trust's EBITDA margin reached 37.3% at its highest point in Dec 2023 and -44.4% at its lowest in Sep 2024.
BXMT Net margin
Across the last 3 years, Blackstone Mortgage Trust's net margin came to -3.06%. The current net margin stands at 2.5%, 5.6 percentage points above its three-year average. Net margin was highest at 36.5% in Dec 2023 and lowest at -45.3% in Sep 2024.
BXMT margin group comparison
With a gross margin of 27.5%, BXMT ranks lower than the Real Estate sector and the industry average. In comparison with the Real Estate sector average of 62.8%, Blackstone Mortgage Trust's gross margin is 56% lower.
BXMT margin peer comparison
Frequently asked questions
What is Blackstone Mortgage Trust's gross margin?
As of Jun 30, 2026, BXMT has a gross margin of 27.5%.
What is Blackstone Mortgage Trust's operating margin?
For the period ending Jun 30, 2026, BXMT recorded an operating margin of 34%.
What is Blackstone Mortgage Trust's EBITDA margin?
As of Jun 30, 2026, BXMT has an EBITDA margin of 16.1%.
What is Blackstone Mortgage Trust's net margin?
As of Jun 30, 2026, BXMT has a net margin of 2.5%.
What are the average margins of BXMT?
Looking back over 3 years, BXMT recorded average margins of 65.2% gross, 57.3% operating, 3.5% EBITDA, and -3.1% net.
What are the highest historical margins of BXMT?
Blackstone Mortgage Trust's highest recorded margins during the past 5 years were 84.6% gross in Sep 2024, 75.4% operating in Jun 2024, 81.6% EBITDA in Dec 2021, and 81.5% net in Dec 2021.
What are the lowest historical margins of BXMT?
Looking back across 5 years, BXMT reached its lowest margins at 27.5% gross in Jun 2026, 34% operating in Jun 2026, -44.4% EBITDA in Sep 2024, and -45.3% net in Sep 2024.