BXMT
Blackstone Mortgage Trust, Inc.
REIT - Mortgage
Market Cap$3.25B
5Y Perf.-18.2%
Compare Stocks
2 / 10Try these comparisons:
Stock Comparison
BXMT vs MS
Revenue, margins, valuation, and 5-year total return — side by side.
MS
Morgan Stanley
Financial - Capital Markets
Market Cap$307.53B
5Y Perf.+337.3%
BXMT vs MS — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | BXMT | MS |
|---|---|---|
| Industry | REIT - Mortgage | Financial - Capital Markets |
| Market Cap | $3.25B | $307.53B |
| Revenue (TTM) | $1.54B | $103.14B |
| Net Income (TTM) | $104M | $16.18B |
| Gross Margin | 62.6% | 55.6% |
| Operating Margin | 58.3% | 17.1% |
| Forward P/E | 12.1x | 16.3x |
| Total Debt | $16.16B | $360.49B |
| Cash & Equiv. | $453M | $75.74B |
BXMT vs MS — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
BXMT
MS
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Blackstone Mortgage… (BXMT) | 100 | 81.8 | -18.2% |
| Morgan Stanley (MS) | 100 | 437.3 | +337.3% |
Price return only. Dividends and distributions are not included.
Quick Verdict: BXMT vs MS
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: MS leads in 4 of 7 categories, making it the strongest pick for growth and revenue expansion and profitability and margin quality. Blackstone Mortgage Trust, Inc. is the stronger pick specifically for valuation and capital efficiency and capital preservation and lower volatility. This set spans 2 sectors — these stocks serve different portfolio roles, not just different price points.
BXMT
Blackstone Mortgage Trust, Inc.
The Real Estate Income Play
BXMT is the clearest fit if your priority is income & stability and sleep-well-at-night.
- Dividend streak 0 yrs, beta 0.74, yield 9.8%
- Lower volatility, beta 0.74, current ratio 0.06x
- Beta 0.74, yield 9.8%, current ratio 0.06x
Best for: income & stability and sleep-well-at-night
MS
Morgan Stanley
The Banking Pick
MS carries the broadest edge in this set and is the clearest fit for growth exposure and long-term compounding.
- Rev growth 16.8%, EPS growth 53.5%
- 7.4% 10Y total return vs BXMT's 52.6%
- 16.8% NII/revenue growth vs BXMT's -14.0%
Best for: growth exposure and long-term compounding
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | MS | 16.8% NII/revenue growth vs BXMT's -14.0% |
| Value | BXMT | Lower P/E (12.1x vs 16.3x) |
| Quality / Margins | MS | 13.0% margin vs BXMT's 6.7% |
| Stability / Safety | BXMT | Beta 0.74 vs MS's 1.37 |
| Dividends | BXMT | 9.8% yield, vs MS's 2.0% |
| Momentum (1Y) | MS | +66.7% vs BXMT's +13.3% |
| Efficiency (ROA) | MS | 1.2% ROA vs BXMT's 0.5%, ROIC 2.9% vs 4.3% |
BXMT vs MS — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Segment breakdown not available.
FY 2024
BXMT vs MS — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLBXMTLAGGINGMS
MSMorgan Stanley
1leads
BXMTBlackstone Mortgage T…
3leads
6 Total Categories
CATEGORYLEADERvs MSMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
BXMT3/4
Valuation MetricsMultiples, price ratios, and targets
BXMT4/5
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
BXMT6/9
Total Returns1Y, 3Y, 5Y total returns with dividends
MS6/6
Risk & VolatilityBeta, volatility, and downside exposure
Tied
—
Analyst OutlookRatings, price targets, and dividends
Tied
—
Income & Cash Flow (Last 12 Months)
BXMT leads this category, winning 3 of 4 comparable metrics.
Income & Cash Flow (Last 12 Months)
MS is the larger business by revenue, generating $103.1B annually — 67.2x BXMT's $1.5B. MS is the more profitable business, keeping 13.0% of every revenue dollar as net income compared to BXMT's 6.7%.
| Metric | BXMTBlackstone Mortga… | MSMorgan Stanley |
|---|---|---|
| RevenueTrailing 12 months | $1.5B | $103.1B |
| EBITDAEarnings before interest/tax | $948M | $26.3B |
| Net IncomeAfter-tax profit | $104M | $16.2B |
| Free Cash FlowCash after capex | $335M | -$6.7B |
| Gross MarginGross profit ÷ Revenue | +62.6% | +55.6% |
| Operating MarginEBIT ÷ Revenue | +58.3% | +17.1% |
| Net MarginNet income ÷ Revenue | +6.7% | +13.0% |
| FCF MarginFCF ÷ Revenue | +21.8% | -2.0% |
| Rev. Growth (YoY)Latest quarter vs prior year | +4.0% | — |
| EPS Growth (YoY)Latest quarter vs prior year | — | +48.9% |
BXMT leads this category, winning 3 of 4 comparable metrics.
Valuation Metrics
BXMT leads this category, winning 4 of 5 comparable metrics.
Valuation Metrics
At 24.3x trailing earnings, MS trades at a 19% valuation discount to BXMT's 30.1x P/E. On an enterprise value basis, BXMT's 16.4x EV/EBITDA is more attractive than MS's 26.0x.
| Metric | BXMTBlackstone Mortga… | MSMorgan Stanley |
|---|---|---|
| Market CapShares × price | $3.3B | $307.5B |
| Enterprise ValueMkt cap + debt − cash | $19.0B | $592.3B |
| Trailing P/EPrice ÷ TTM EPS | 30.14x | 24.31x |
| Forward P/EPrice ÷ next-FY EPS est. | 12.07x | 16.28x |
| PEG RatioP/E ÷ EPS growth rate | — | 2.73x |
| EV / EBITDAEnterprise value multiple | 16.37x | 26.03x |
| Price / SalesMarket cap ÷ Revenue | 2.14x | 2.98x |
| Price / BookPrice ÷ Book value/share | 0.94x | 2.95x |
| Price / FCFMarket cap ÷ FCF | 11.79x | — |
BXMT leads this category, winning 4 of 5 comparable metrics.
Profitability & Efficiency
BXMT leads this category, winning 6 of 9 comparable metrics.
Profitability & Efficiency
MS delivers a 14.6% return on equity — every $100 of shareholder capital generates $15 in annual profit, vs $3 for BXMT. MS carries lower financial leverage with a 3.42x 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 MS's 5/9, reflecting solid financial health.
| Metric | BXMTBlackstone Mortga… | MSMorgan Stanley |
|---|---|---|
| ROE (TTM)Return on equity | +2.9% | +14.6% |
| ROA (TTM)Return on assets | +0.5% | +1.2% |
| ROICReturn on invested capital | +4.3% | +2.9% |
| ROCEReturn on capital employed | +11.3% | +3.8% |
| Piotroski ScoreFundamental quality 0–9 | 6 | 5 |
| Debt / EquityFinancial leverage | 4.61x | 3.42x |
| Net DebtTotal debt minus cash | $15.7B | $284.7B |
| Cash & Equiv.Liquid assets | $453M | $75.7B |
| Total DebtShort + long-term debt | $16.2B | $360.5B |
| Interest CoverageEBIT ÷ Interest expense | 1.11x | 0.44x |
BXMT leads this category, winning 6 of 9 comparable metrics.
Total Returns (Dividends Reinvested)
MS leads this category, winning 6 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in MS five years ago would be worth $24,217 today (with dividends reinvested), compared to $9,733 for BXMT. Over the past 12 months, MS leads with a +66.7% total return vs BXMT's +13.3%. The 3-year compound annual growth rate (CAGR) favors MS at 34.3% vs BXMT's 14.2% — a key indicator of consistent wealth creation.
| Metric | BXMTBlackstone Mortga… | MSMorgan Stanley |
|---|---|---|
| YTD ReturnYear-to-date | +1.4% | +7.4% |
| 1-Year ReturnPast 12 months | +13.3% | +66.7% |
| 3-Year ReturnCumulative with dividends | +49.0% | +142.1% |
| 5-Year ReturnCumulative with dividends | -2.7% | +142.2% |
| 10-Year ReturnCumulative with dividends | +52.6% | +739.4% |
| CAGR (3Y)Annualised 3-year return | +14.2% | +34.3% |
MS leads this category, winning 6 of 6 comparable metrics.
Risk & Volatility
Evenly matched — BXMT and MS each lead in 1 of 2 comparable metrics.
Risk & Volatility
BXMT is the less volatile stock with a 0.74 beta — it tends to amplify market swings less than MS's 1.37 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. MS currently trades 99.2% from its 52-week high vs BXMT's 93.3% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | BXMTBlackstone Mortga… | MSMorgan Stanley |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.74x | 1.37x |
| 52-Week HighHighest price in past year | $20.67 | $194.83 |
| 52-Week LowLowest price in past year | $17.67 | $117.21 |
| % of 52W HighCurrent price vs 52-week peak | +93.3% | +99.2% |
| RSI (14)Momentum oscillator 0–100 | 44.3 | 61.2 |
| Avg Volume (50D)Average daily shares traded | 1.4M | 5.4M |
Evenly matched — BXMT and MS each lead in 1 of 2 comparable metrics.
Analyst Outlook
Evenly matched — BXMT and MS each lead in 1 of 2 comparable metrics.
Analyst Outlook
Wall Street rates BXMT as "Hold" and MS as "Buy". For income investors, BXMT offers the higher dividend yield at 9.79% vs MS's 1.97%.
| Metric | BXMTBlackstone Mortga… | MSMorgan Stanley |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Buy |
| Price TargetConsensus 12-month target | — | $205.75 |
| # AnalystsCovering analysts | 18 | 52 |
| Dividend YieldAnnual dividend ÷ price | +9.8% | +2.0% |
| Dividend StreakConsecutive years of raises | 0 | 11 |
| Dividend / ShareAnnual DPS | $1.89 | $3.81 |
| Buyback YieldShare repurchases ÷ mkt cap | +3.4% | +1.4% |
Evenly matched — BXMT and MS each lead in 1 of 2 comparable metrics.
Key Takeaway
BXMT leads in 3 of 6 categories (Income & Cash Flow, Valuation Metrics). MS leads in 1 (Total Returns). 2 tied.
Best OverallBlackstone Mortgage Trust, … (BXMT)Leads 3 of 6 categories
Loading custom metrics...
BXMT vs MS: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is BXMT or MS a better buy right now?
For growth investors, Morgan Stanley (MS) is the stronger pick with 16.
8% revenue growth year-over-year, versus -14. 0% for Blackstone Mortgage Trust, Inc. (BXMT). Morgan Stanley (MS) offers the better valuation at 24. 3x trailing P/E (16. 3x forward), making it the more compelling value choice. Analysts rate Morgan Stanley (MS) a "Buy" — based on 52 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 has the better valuation — BXMT or MS?
On trailing P/E, Morgan Stanley (MS) is the cheapest at 24.
3x versus Blackstone Mortgage Trust, Inc. at 30. 1x. On forward P/E, Blackstone Mortgage Trust, Inc. is actually cheaper at 12. 1x — notably different from the trailing picture, reflecting expected earnings growth.
03Which is the better long-term investment — BXMT or MS?
Over the past 5 years, Morgan Stanley (MS) delivered a total return of +142.
2%, compared to -2. 7% for Blackstone Mortgage Trust, Inc. (BXMT). Over 10 years, the gap is even starker: MS returned +739. 4% versus BXMT's +52. 6%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — BXMT or MS?
By beta (market sensitivity over 5 years), Blackstone Mortgage Trust, Inc.
(BXMT) is the lower-risk stock at 0. 74β versus Morgan Stanley's 1. 37β — meaning MS is approximately 84% more volatile than BXMT relative to the S&P 500. On balance sheet safety, Morgan Stanley (MS) carries a lower debt/equity ratio of 3% versus 5% for Blackstone Mortgage Trust, Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — BXMT or MS?
By revenue growth (latest reported year), Morgan Stanley (MS) is pulling ahead at 16.
8% versus -14. 0% for Blackstone Mortgage Trust, Inc. (BXMT). On earnings-per-share growth, the picture is similar: Blackstone Mortgage Trust, Inc. grew EPS 154. 7% year-over-year, compared to 53. 5% for Morgan Stanley. 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.
06Which has better profit margins — BXMT or MS?
Morgan Stanley (MS) is the more profitable company, earning 13.
0% net margin versus 7. 2% for Blackstone Mortgage Trust, Inc. — meaning it keeps 13. 0% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: BXMT leads at 71. 6% versus 17. 1% for MS. At the gross margin level — before operating expenses — BXMT leads at 76. 9%, 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.
07Is BXMT or MS more undervalued right now?
On forward earnings alone, Blackstone Mortgage Trust, Inc.
(BXMT) trades at 12. 1x forward P/E versus 16. 3x for Morgan Stanley — 4. 2x cheaper on a one-year earnings basis.
08Which pays a better dividend — BXMT or MS?
All stocks in this comparison pay dividends.
Blackstone Mortgage Trust, Inc. (BXMT) offers the highest yield at 9. 8%, versus 2. 0% for Morgan Stanley (MS).
09Is BXMT or MS better for a retirement portfolio?
For long-horizon retirement investors, Blackstone Mortgage Trust, Inc.
(BXMT) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 74), 9. 8% yield). Both have compounded well over 10 years (BXMT: +52. 6%, MS: +739. 4%), 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.
10What are the main differences between BXMT and MS?
These companies operate in different sectors (BXMT (Real Estate) and MS (Financial Services)), which means they face different economic cycles, regulatory environments, and macro sensitivities — making direct comparison nuanced.
In terms of investment character: BXMT is a small-cap income-oriented stock; MS is a large-cap high-growth stock. 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.
Find Stocks Like These
Explore pre-built screens for each stock's profile, or build a custom screen to find stocks that outperform both.
Revenue Growth>
%
(BXMT: 4.0% · MS: 16.8%)Net Margin>
%
(BXMT: 6.7% · MS: 13.0%)P/E Ratio<
x
(BXMT: 30.1x · MS: 24.3x)You Might Also Compare
Based on how these companies actually compete and overlap — not just which sector they're filed under.