stockrowBlackstone Mortgage Trust, Inc.
BXMT Real Estate Reit Mortgage
Blackstone Mortgage Trust, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.5 billion, down 13.5% from fiscal 2024.
- Revenue
- −5.69%
- EPS
- −627.2%
- Free cash flow
- +3.93%
- Total debt
- −8.52%
Quarter to September 2026, against a year earlier
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Blackstone Mortgage Trust, Inc. (BXMT) Piotroski F-score
Blackstone Mortgage Trust, Inc.'s Piotroski F-score for fiscal 2025 cannot be worked out: current liabilities not reported.
Piotroski F-score, annual
Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|
How fiscal 2025’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | 0.55% | (0.93%) | Pass | 1 |
| Positive operating cash flow | 275.87m | 366.45m | Pass | 1 |
| Rising return on assets | 0.55% | (0.93%) | Pass | 1 |
| Cash flow above net income | 166.30m | 570.54m | Pass | 1 |
| Falling long-term leverage | 0.81 | 0.72 | Fail | 0 |
| Rising current ratio | — | — | n/a | — |
| No new shares issued | 170,962,000 | 173,783,000 | Pass | 1 |
| Rising gross margin | 86.01% | 98.76% | Fail | 0 |
| Rising asset turnover | 0.08 | 0.08 | Fail | 0 |
| Piotroski F-score | n/a — current liabilities not reported | — | ||
How the Piotroski F-score works
One point for each of nine tests, this fiscal year against the one before: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, a rising current ratio, no new shares issued, a rising gross margin and rising asset turnover. The ratios are the ones on this site, so each can be checked.
Joseph Piotroski (2000) called 8–9 high and 0–1 low; reading it in three bands is the common convention:
| 7–9 | Strong — most fundamentals improved |
|---|---|
| 4–6 | Mixed |
| 0–3 | Weak — most fundamentals deteriorated |
Where this differs from the paper: return on assets is on average rather than beginning-of-year assets, and weighted basic shares stand in for shares issued. The score is shown only when all nine tests can be worked out, which takes three fiscal years; banks and insurers, which report no current assets or gross profit, have none.
Piotroski F-score against peers
| Company | Piotroski F-score |
|---|---|
| ARR ARMOUR Residential REIT, Inc. compare | 6 |
| STWD STARWOOD PROPERTY TRUST, INC. compare | 5 |
| LADR Ladder Capital Corp compare | 4 |
| CIM Chimera Investment Corporation compare | 4 |
| EFC Ellington Financial Inc. compare | 4 |
| DX Dynex Capital, Inc. compare | 3 |
| ORC Orchid Island Capital, Inc. compare | — |
| BXMT Blackstone Mortgage Trust, Inc. | — |
| MFA MFA Financial, Inc. compare | — |
What Piotroski F-score is
The Piotroski F-Score tells an investor how many signs of improving profitability, funding and efficiency a company shows against a year earlier.
One point for each of nine tests against a year earlier: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, rising current ratio, no new shares issued, rising gross margin, and rising asset turnover