REIT - Mortgage
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RCD vs BXMT
Revenue, margins, valuation, and 5-year total return — side by side.
REIT - Mortgage
RCD vs BXMT — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | REIT - Mortgage | REIT - Mortgage |
| Market Cap | $3.63B | $3.23B |
| Revenue (TTM) | $-9M | $1.54B |
| Net Income (TTM) | $-311M | $104M |
| Gross Margin | 100.0% | 62.6% |
| Operating Margin | — | 58.3% |
| Forward P/E | — | 12.0x |
| Total Debt | $6.04B | $16.16B |
| Cash & Equiv. | $144M | $453M |
RCD vs BXMT — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | Dec 24 | May 26 | Return |
|---|---|---|---|
| Ready Capital Corpo… (RCD) | 100 | 88.9 | -11.1% |
| Blackstone Mortgage… (BXMT) | 100 | 110.0 | +10.0% |
Price return only. Dividends and distributions are not included.
Quick Verdict: RCD vs BXMT
Each card shows where this stock fits in a portfolio — not just who wins on paper.
RCD is the clearest fit if your priority is income & stability and sleep-well-at-night.
- Dividend streak 0 yrs, beta 0.15, yield 5.4%
- Lower volatility, beta 0.15
- Beta 0.15, yield 5.4%
BXMT carries the broadest edge in this set and is the clearest fit for growth exposure and long-term compounding.
- Rev growth -14.0%, EPS growth 154.7%, 3Y rev CAGR 4.9%
- 50.5% 10Y total return vs RCD's 1.3%
- -14.0% FFO/revenue growth vs RCD's -93.0%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | -14.0% FFO/revenue growth vs RCD's -93.0% | |
| Quality / Margins | 6.7% margin vs RCD's -15.9% | |
| Stability / Safety | Beta 0.15 vs BXMT's 0.74, lower leverage | |
| Dividends | 9.9% yield, vs RCD's 5.4% | |
| Momentum (1Y) | +12.1% vs RCD's +4.8% | |
| Efficiency (ROA) | 0.5% ROA vs RCD's -3.7% |
RCD vs BXMT — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
BXMT leads this category, winning 3 of 4 comparable metrics.
Income & Cash Flow (Last 12 Months)
BXMT and RCD operate at a comparable scale, with $1.5B and -$9M in trailing revenue. BXMT is the more profitable business, keeping 6.7% of every revenue dollar as net income compared to RCD's -15.9%. On growth, BXMT holds the edge at +4.0% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | -$9M | $1.5B |
| EBITDAEarnings before interest/tax | -$95M | $948M |
| Net IncomeAfter-tax profit | -$311M | $104M |
| Free Cash FlowCash after capex | $366M | $335M |
| Gross MarginGross profit ÷ Revenue | +100.0% | +62.6% |
| Operating MarginEBIT ÷ Revenue | — | +58.3% |
| Net MarginNet income ÷ Revenue | -15.9% | +6.7% |
| FCF MarginFCF ÷ Revenue | -187.2% | +21.8% |
| Rev. Growth (YoY)Latest quarter vs prior year | -69.8% | +4.0% |
| EPS Growth (YoY)Latest quarter vs prior year | -86.2% | — |
Valuation Metrics
BXMT leads this category, winning 2 of 3 comparable metrics.
Valuation Metrics
| Metric | ||
|---|---|---|
| Market CapShares × price | $3.6B | $3.2B |
| Enterprise ValueMkt cap + debt − cash | $9.5B | $18.9B |
| Trailing P/EPrice ÷ TTM EPS | -8.52x | 29.92x |
| Forward P/EPrice ÷ next-FY EPS est. | — | 11.98x |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | — | 16.35x |
| Price / SalesMarket cap ÷ Revenue | 132.59x | 2.12x |
| Price / BookPrice ÷ Book value/share | 1.97x | 0.93x |
| Price / FCFMarket cap ÷ FCF | — | 11.71x |
Profitability & Efficiency
Evenly matched — RCD and BXMT each lead in 3 of 6 comparable metrics.
Profitability & Efficiency
BXMT delivers a 2.9% return on equity — every $100 of shareholder capital generates $3 in annual profit, vs $-17 for RCD. RCD carries lower financial leverage with a 3.12x debt-to-equity ratio, signaling a more conservative balance sheet compared to BXMT's 4.61x. On the Piotroski fundamental quality scale (0–9), BXMT scores 6/9 vs RCD's 1/9, reflecting solid financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | -16.6% | +2.9% |
| ROA (TTM)Return on assets | -3.7% | +0.5% |
| ROICReturn on invested capital | — | +4.3% |
| ROCEReturn on capital employed | — | +11.3% |
| Piotroski ScoreFundamental quality 0–9 | 1 | 6 |
| Debt / EquityFinancial leverage | 3.12x | 4.61x |
| Net DebtTotal debt minus cash | $5.9B | $15.7B |
| Cash & Equiv.Liquid assets | $144M | $453M |
| Total DebtShort + long-term debt | $6.0B | $16.2B |
| Interest CoverageEBIT ÷ Interest expense | — | 1.11x |
Total Returns (Dividends Reinvested)
BXMT leads this category, winning 4 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in RCD five years ago would be worth $10,126 today (with dividends reinvested), compared to $9,591 for BXMT. Over the past 12 months, BXMT leads with a +12.1% total return vs RCD's +4.8%. The 3-year compound annual growth rate (CAGR) favors BXMT at 14.0% vs RCD's 0.4% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | +8.3% | +0.7% |
| 1-Year ReturnPast 12 months | +4.8% | +12.1% |
| 3-Year ReturnCumulative with dividends | +1.3% | +48.1% |
| 5-Year ReturnCumulative with dividends | +1.3% | -4.1% |
| 10-Year ReturnCumulative with dividends | +1.3% | +50.5% |
| CAGR (3Y)Annualised 3-year return | +0.4% | +14.0% |
Risk & Volatility
Evenly matched — RCD and BXMT each lead in 1 of 2 comparable metrics.
Risk & Volatility
RCD is the less volatile stock with a 0.15 beta — it tends to amplify market swings less than BXMT's 0.74 beta. A beta below 1.0 means the stock typically moves less than the S&P 500.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.15x | 0.74x |
| 52-Week HighHighest price in past year | $24.45 | $20.67 |
| 52-Week LowLowest price in past year | $13.47 | $17.67 |
| % of 52W HighCurrent price vs 52-week peak | +91.7% | +92.6% |
| RSI (14)Momentum oscillator 0–100 | 70.3 | 47.5 |
| Avg Volume (50D)Average daily shares traded | 11K | 1.4M |
Analyst Outlook
BXMT leads this category, winning 1 of 1 comparable metric.
Analyst Outlook
For income investors, BXMT offers the higher dividend yield at 9.86% vs RCD's 5.39%.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | — | Hold |
| Price TargetConsensus 12-month target | — | — |
| # AnalystsCovering analysts | — | 18 |
| Dividend YieldAnnual dividend ÷ price | +5.4% | +9.9% |
| Dividend StreakConsecutive years of raises | 0 | 0 |
| Dividend / ShareAnnual DPS | $1.21 | $1.89 |
| Buyback YieldShare repurchases ÷ mkt cap | +2.3% | +3.4% |
BXMT leads in 4 of 6 categories — strongest in Income & Cash Flow and Valuation Metrics. 2 categories are tied.
RCD vs BXMT: Frequently Asked Questions
8 questions · data-driven answers · updated daily
01Is RCD or BXMT a better buy right now?
For growth investors, Blackstone Mortgage Trust, Inc.
(BXMT) is the stronger pick with -14. 0% revenue growth year-over-year, versus -93. 0% for Ready Capital Corporation Notes -15. 12. 29 (RCD). Blackstone Mortgage Trust, Inc. (BXMT) offers the better valuation at 29. 9x trailing P/E (12. 0x forward), making it the more compelling value choice. Analysts rate Blackstone Mortgage Trust, Inc. (BXMT) a "Hold" — based on 18 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which is the better long-term investment — RCD or BXMT?
Over the past 5 years, Ready Capital Corporation Notes -15.
12. 29 (RCD) delivered a total return of +1. 3%, compared to -4. 1% for Blackstone Mortgage Trust, Inc. (BXMT). Over 10 years, the gap is even starker: BXMT returned +50. 5% versus RCD's +1. 3%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
03Which is safer — RCD or BXMT?
By beta (market sensitivity over 5 years), Ready Capital Corporation Notes -15.
12. 29 (RCD) is the lower-risk stock at 0. 15β versus Blackstone Mortgage Trust, Inc. 's 0. 74β — meaning BXMT is approximately 390% more volatile than RCD relative to the S&P 500. On balance sheet safety, Ready Capital Corporation Notes -15. 12. 29 (RCD) carries a lower debt/equity ratio of 3% versus 5% for Blackstone Mortgage Trust, Inc. — giving it more financial flexibility in a downturn.
04Which is growing faster — RCD or BXMT?
By revenue growth (latest reported year), Blackstone Mortgage Trust, Inc.
(BXMT) is pulling ahead at -14. 0% versus -93. 0% for Ready Capital Corporation Notes -15. 12. 29 (RCD). On earnings-per-share growth, the picture is similar: Blackstone Mortgage Trust, Inc. grew EPS 154. 7% year-over-year, compared to -217. 9% for Ready Capital Corporation Notes -15. 12. 29. Over a 3-year CAGR, BXMT leads at 4. 9% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
05Which has better profit margins — RCD or BXMT?
Blackstone Mortgage Trust, Inc.
(BXMT) is the more profitable company, earning 7. 2% net margin versus -1593. 0% for Ready Capital Corporation Notes -15. 12. 29 — meaning it keeps 7. 2% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: BXMT leads at 71. 6% versus 0. 0% for RCD. At the gross margin level — before operating expenses — RCD leads at 100. 0%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
06Which pays a better dividend — RCD or BXMT?
All stocks in this comparison pay dividends.
Blackstone Mortgage Trust, Inc. (BXMT) offers the highest yield at 9. 9%, versus 5. 4% for Ready Capital Corporation Notes -15. 12. 29 (RCD).
07Is RCD or BXMT better for a retirement portfolio?
For long-horizon retirement investors, Ready Capital Corporation Notes -15.
12. 29 (RCD) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 15), 5. 4% yield). Both have compounded well over 10 years (RCD: +1. 3%, BXMT: +50. 5%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
08What are the main differences between RCD and BXMT?
Both stocks operate in the Real Estate sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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