Blackstone Mortgage Trust, Inc. (BXMT) vs Chimera Investment Corporation (CIM)

Blackstone Mortgage Trust, Inc. and Chimera Investment Corporation are both Reit Mortgage companies. Blackstone Mortgage Trust, Inc. is the larger, with a market value of $2.1B against $882.3M — 2.4× the size. Chimera Investment Corporation has negative trailing earnings, so its P/E is not meaningful; Blackstone Mortgage Trust, Inc. trades at 140×. Chimera Investment Corporation grew revenue faster over the last twelve months: 11.6% against −3.63%. Blackstone Mortgage Trust, Inc. has the higher net margin (1.00% vs −9.71%) and the higher return on invested capital (3.82% vs 0.40%). Both pay a dividend; Chimera Investment Corporation yields more (15.5% vs 13.4%). Across the 21 metrics below, Blackstone Mortgage Trust, Inc. leads on 14 and Chimera Investment Corporation on 7.

Valuation

Metric BXMT CIM Reit Mortgage median
P/E 140.00 n/m 7.80
P/S 1.38 1.00 1.90
P/B 0.65 0.36 0.61
Price to free cash flow 6.49 n/m 5.90
EV/EBITDA 14.75 145.58 28.40
EV/Sales 11.35 15.94 16.02
Earnings yield 0.71% (9.86%) 7.68%
Free cash flow yield 15.41% (44.56%) 11.60%

Profitability

Metric BXMT CIM Reit Mortgage median
Gross margin 81.49% 100.00% 100.00%
Operating margin 73.85% 11.33% 35.40%
Net margin 1.00% (9.71%) 11.85%
Free cash flow margin 21.32% (44.37%) 26.68%
Return on equity 0.45% (3.35%) 4.81%
Return on assets 0.08% (0.55%) 0.62%
Return on invested capital 3.82% 0.40% 1.22%

Growth

Metric BXMT CIM Reit Mortgage median
Revenue growth (TTM) (3.63%) 11.64% 4.70%
EPS growth (last fiscal year) 154.70% 56.36% —
Revenue growth, 5-year CAGR 14.60% (4.43%) 14.60%
Net income growth, 5-year CAGR (4.46%) 57.09% 0.00%

Health

Metric BXMT CIM Reit Mortgage median
Debt to equity 4.83 5.57 3.30
Current ratio 0.00 0.07 1.00
Net debt to EBITDA 12.49 41.37 18.31

Dividend

Metric BXMT CIM Reit Mortgage median
Dividend yield 13.37% 15.52% 13.05%
Payout ratio 1.56 1.86 1.24

Size

Metric BXMT CIM Reit Mortgage median
Market cap 2.09b 882.32m 517.48m

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