Blackstone Mortgage Trust, Inc. (BXMT) vs MFA Financial, Inc. (MFA)

Blackstone Mortgage Trust, Inc. and MFA Financial, Inc. are both Reit Mortgage companies. Blackstone Mortgage Trust, Inc. is the larger, with a market value of $1.8B against $673.3M — 2.7× the size. Blackstone Mortgage Trust, Inc. has negative trailing earnings, so its P/E is not meaningful; MFA Financial, Inc. trades at 6.7×. MFA Financial, Inc. grew revenue faster over the last twelve months: 4.90% against −1.80%. MFA Financial, Inc. has the higher net margin (13.8% vs −24.7%) and the lower return on invested capital (2.88% vs 4.09%). Both pay a dividend; MFA Financial, Inc. yields more (21.2% vs 16.8%). Across the 21 metrics below, MFA Financial, Inc. leads on 14 and Blackstone Mortgage Trust, Inc. on 7.

Valuation

Metric BXMT MFA Reit Mortgage median
P/E n/m 6.66 12.92
P/S 1.24 0.92 1.66
P/B 0.66 0.40 0.56
Price to free cash flow 5.99 1.96 4.66
EV/EBITDA 13.66 19.65 27.46
EV/Sales 10.22 15.75 15.92
Earnings yield (19.88%) 15.02% 1.39%
Free cash flow yield 16.69% 51.01% 14.27%

Profitability

Metric BXMT MFA Reit Mortgage median
Gross margin 78.72% 100.00% 100.00%
Operating margin 71.10% 79.06% 35.13%
Net margin (24.71%) 13.82% (0.20%)
Free cash flow margin 20.73% 46.95% 23.35%
Return on equity (11.65%) 5.88% (0.30%)
Return on assets (2.02%) 0.83% (0.01%)
Return on invested capital 4.09% 2.88% 0.85%

Growth

Metric BXMT MFA Reit Mortgage median
Revenue growth (TTM) (1.80%) 4.90% 2.68%
EPS growth (last fiscal year) 154.70% 58.54% 45.25%
Revenue growth, 5-year CAGR 14.60% 11.47% 14.60%
Net income growth, 5-year CAGR (4.46%) 0.00% 0.00%

Health

Metric BXMT MFA Reit Mortgage median
Debt to equity 4.98 6.56 3.24
Current ratio 0.00 0.00 0.83
Net debt to EBITDA 12.49 17.85 18.31

Dividend

Metric BXMT MFA Reit Mortgage median
Dividend yield 16.76% 21.21% 16.76%
Payout ratio 20.89 1.44 1.87

Size

Metric BXMT MFA Reit Mortgage median
Market cap 1.83b 673.25m 399.23m

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack