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 $1.8B against $694.8M — 2.6× the size. Chimera Investment Corporation grew revenue faster over the last twelve months: 11.6% against −1.80%. Chimera Investment Corporation has the higher net margin (−9.71% vs −24.7%) and the lower return on invested capital (0.40% vs 4.09%). Both pay a dividend; Chimera Investment Corporation yields more (20.4% vs 16.8%). Across the 21 metrics below, Chimera Investment Corporation leads on 11 and Blackstone Mortgage Trust, Inc. on 10.

Valuation

Metric BXMT CIM Reit Mortgage median
P/E n/m n/m 12.92
P/S 1.24 0.81 1.66
P/B 0.66 0.29 0.56
Price to free cash flow 5.99 n/m 4.66
EV/EBITDA 13.66 143.91 27.46
EV/Sales 10.22 15.76 15.92
Earnings yield (19.88%) (12.09%) 1.39%
Free cash flow yield 16.69% (54.59%) 14.27%

Profitability

Metric BXMT CIM Reit Mortgage median
Gross margin 78.72% 100.00% 100.00%
Operating margin 71.10% 11.33% 35.13%
Net margin (24.71%) (9.71%) (0.20%)
Free cash flow margin 20.73% (44.37%) 23.35%
Return on equity (11.65%) (3.35%) (0.30%)
Return on assets (2.02%) (0.55%) (0.01%)
Return on invested capital 4.09% 0.40% 0.85%

Growth

Metric BXMT CIM Reit Mortgage median
Revenue growth (TTM) (1.80%) 11.64% 2.68%
EPS growth (last fiscal year) 154.70% 56.36% 45.25%
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 4.98 5.57 3.24
Current ratio 0.00 0.07 0.83
Net debt to EBITDA 12.49 41.37 18.31

Dividend

Metric BXMT CIM Reit Mortgage median
Dividend yield 16.76% 20.38% 16.76%
Payout ratio 20.89 — 1.87

Size

Metric BXMT CIM Reit Mortgage median
Market cap 1.83b 694.81m 399.23m

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