Blackstone Mortgage Trust, Inc. (BXMT) vs Orchid Island Capital, Inc. (ORC)

Blackstone Mortgage Trust, Inc. and Orchid Island Capital, Inc. are both Reit Mortgage companies. Blackstone Mortgage Trust, Inc. is the larger, with a market value of $2.1B against $1.1B — 1.8× the size. Orchid Island Capital, Inc. trades at the lower P/E: 3.9× against 140×. Orchid Island Capital, Inc. grew revenue faster over the last twelve months: 79.8% against −3.63%. Orchid Island Capital, Inc. has the higher net margin (43.5% vs 1.00%) and the higher return on invested capital (34.8% vs 3.82%). Both pay a dividend; Orchid Island Capital, Inc. yields more (18.0% vs 13.4%). Across the 22 metrics below, Orchid Island Capital, Inc. leads on 19 and Blackstone Mortgage Trust, Inc. on 3.

Valuation

Metric BXMT ORC Reit Mortgage median
P/E 140.00 3.86 7.80
P/S 1.38 2.04 1.90
P/B 0.65 0.80 0.61
Price to free cash flow 6.49 5.56 5.90
EV/EBITDA 14.75 8.41 28.40
EV/Sales 11.35 9.34 16.02
Earnings yield 0.71% 25.92% 7.68%
Free cash flow yield 15.41% 17.99% 11.60%

Profitability

Metric BXMT ORC Reit Mortgage median
Gross margin 81.49% 100.00% 100.00%
Operating margin 73.85% 111.07% 35.40%
Net margin 1.00% 43.49% 11.85%
Free cash flow margin 21.32% 36.69% 26.68%
Return on equity 0.45% 20.80% 4.81%
Return on assets 0.08% 2.36% 0.62%
Return on invested capital 3.82% 34.76% 1.22%

Growth

Metric BXMT ORC Reit Mortgage median
Revenue growth (TTM) (3.63%) 79.75% 4.70%
EPS growth (last fiscal year) 154.70% 117.54% —
Revenue growth, 5-year CAGR 14.60% 28.97% 14.60%
Net income growth, 5-year CAGR (4.46%) 136.97% 0.00%

Health

Metric BXMT ORC Reit Mortgage median
Debt to equity 4.83 0.34 3.30
Current ratio 0.00 0.00 1.00
Net debt to EBITDA 12.49 (1.28) 18.31

Dividend

Metric BXMT ORC Reit Mortgage median
Dividend yield 13.37% 18.02% 13.05%
Payout ratio 1.56 13.00 1.24

Size

Metric BXMT ORC Reit Mortgage median
Market cap 2.09b 1.14b 517.48m

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