REIT - Mortgage
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FBRT vs BX
Revenue, margins, valuation, and 5-year total return — side by side.
Asset Management
FBRT vs BX — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | REIT - Mortgage | Asset Management |
| Market Cap | $705M | $97.70B |
| Revenue (TTM) | $401M | $13.83B |
| Net Income (TTM) | $72M | $3.02B |
| Gross Margin | 59.9% | 86.0% |
| Operating Margin | 36.9% | 51.9% |
| Forward P/E | 9.0x | 20.9x |
| Total Debt | $4.25B | $13.31B |
| Cash & Equiv. | $167M | $2.63B |
FBRT vs BX — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | Oct 21 | May 26 | Return |
|---|---|---|---|
| Franklin BSP Realty… (FBRT) | 100 | 55.8 | -44.2% |
| Blackstone Inc. (BX) | 100 | 90.1 | -9.9% |
Price return only. Dividends and distributions are not included.
Quick Verdict: FBRT vs BX
Each card shows where this stock fits in a portfolio — not just who wins on paper.
FBRT is the clearest fit if your priority is income & stability and sleep-well-at-night.
- Dividend streak 0 yrs, beta 0.74, yield 18.4%
- Lower volatility, beta 0.74, current ratio 18.43x
- Beta 0.74, yield 18.4%, current ratio 18.43x
BX carries the broadest edge in this set and is the clearest fit for growth exposure and long-term compounding.
- Rev growth 21.6%, EPS growth 7.2%
- 487.1% 10Y total return vs FBRT's -10.4%
- 21.6% NII/revenue growth vs FBRT's -100.0%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 21.6% NII/revenue growth vs FBRT's -100.0% | |
| Value | Lower P/E (9.0x vs 20.9x) | |
| Quality / Margins | 21.8% margin vs FBRT's 17.9% | |
| Stability / Safety | Beta 0.74 vs BX's 1.53 | |
| Dividends | 18.4% yield, vs BX's 6.2% | |
| Momentum (1Y) | -3.2% vs FBRT's -6.1% | |
| Efficiency (ROA) | 6.5% ROA vs FBRT's 1.2%, ROIC 16.1% vs 1.2% |
FBRT vs BX — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
FBRT vs BX — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
BX leads this category, winning 4 of 5 comparable metrics.
Income & Cash Flow (Last 12 Months)
BX is the larger business by revenue, generating $13.8B annually — 34.5x FBRT's $401M. Profitability is closely matched — net margins range from 21.8% (BX) to 17.9% (FBRT).
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $401M | $13.8B |
| EBITDAEarnings before interest/tax | $159M | $7.2B |
| Net IncomeAfter-tax profit | $72M | $3.0B |
| Free Cash FlowCash after capex | $121M | $3.5B |
| Gross MarginGross profit ÷ Revenue | +59.9% | +86.0% |
| Operating MarginEBIT ÷ Revenue | +36.9% | +51.9% |
| Net MarginNet income ÷ Revenue | +17.9% | +21.8% |
| FCF MarginFCF ÷ Revenue | +30.3% | +12.6% |
| Rev. Growth (YoY)Latest quarter vs prior year | — | — |
| EPS Growth (YoY)Latest quarter vs prior year | -65.0% | +41.3% |
Valuation Metrics
FBRT leads this category, winning 4 of 5 comparable metrics.
Valuation Metrics
At 14.3x trailing earnings, FBRT trades at a 55% valuation discount to BX's 32.1x P/E. On an enterprise value basis, BX's 15.0x EV/EBITDA is more attractive than FBRT's 49.1x.
| Metric | ||
|---|---|---|
| Market CapShares × price | $705M | $97.7B |
| Enterprise ValueMkt cap + debt − cash | $4.8B | $108.4B |
| Trailing P/EPrice ÷ TTM EPS | 14.30x | 32.14x |
| Forward P/EPrice ÷ next-FY EPS est. | 9.05x | 20.89x |
| PEG RatioP/E ÷ EPS growth rate | — | 1.54x |
| EV / EBITDAEnterprise value multiple | 49.07x | 15.02x |
| Price / SalesMarket cap ÷ Revenue | — | 7.07x |
| Price / BookPrice ÷ Book value/share | 0.52x | 4.45x |
| Price / FCFMarket cap ÷ FCF | 2.41x | 55.99x |
Profitability & Efficiency
BX leads this category, winning 5 of 8 comparable metrics.
Profitability & Efficiency
BX delivers a 14.3% return on equity — every $100 of shareholder capital generates $14 in annual profit, vs $5 for FBRT. BX carries lower financial leverage with a 0.61x debt-to-equity ratio, signaling a more conservative balance sheet compared to FBRT's 2.78x. On the Piotroski fundamental quality scale (0–9), FBRT scores 6/9 vs BX's 5/9, reflecting solid financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | +4.7% | +14.3% |
| ROA (TTM)Return on assets | +1.2% | +6.5% |
| ROICReturn on invested capital | +1.2% | +16.1% |
| ROCEReturn on capital employed | +1.5% | +16.9% |
| Piotroski ScoreFundamental quality 0–9 | 6 | 5 |
| Debt / EquityFinancial leverage | 2.78x | 0.61x |
| Net DebtTotal debt minus cash | $4.1B | $10.7B |
| Cash & Equiv.Liquid assets | $167M | $2.6B |
| Total DebtShort + long-term debt | $4.3B | $13.3B |
| Interest CoverageEBIT ÷ Interest expense | — | 14.12x |
Total Returns (Dividends Reinvested)
BX leads this category, winning 5 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in BX five years ago would be worth $16,476 today (with dividends reinvested), compared to $8,959 for FBRT. Over the past 12 months, BX leads with a -3.2% total return vs FBRT's -6.1%. The 3-year compound annual growth rate (CAGR) favors BX at 19.1% vs FBRT's 1.1% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | -7.5% | -19.8% |
| 1-Year ReturnPast 12 months | -6.1% | -3.2% |
| 3-Year ReturnCumulative with dividends | +3.2% | +68.9% |
| 5-Year ReturnCumulative with dividends | -10.4% | +64.8% |
| 10-Year ReturnCumulative with dividends | -10.4% | +487.1% |
| CAGR (3Y)Annualised 3-year return | +1.1% | +19.1% |
Risk & Volatility
FBRT leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
FBRT is the less volatile stock with a 0.74 beta — it tends to amplify market swings less than BX's 1.53 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. FBRT currently trades 77.3% from its 52-week high vs BX's 65.6% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.74x | 1.53x |
| 52-Week HighHighest price in past year | $11.84 | $190.09 |
| 52-Week LowLowest price in past year | $8.24 | $101.73 |
| % of 52W HighCurrent price vs 52-week peak | +77.3% | +65.6% |
| RSI (14)Momentum oscillator 0–100 | 54.2 | 51.8 |
| Avg Volume (50D)Average daily shares traded | 930K | 7.2M |
Analyst Outlook
Evenly matched — FBRT and BX each lead in 1 of 2 comparable metrics.
Analyst Outlook
Wall Street rates FBRT as "Buy" and BX as "Buy". Consensus price targets imply 67.4% upside for FBRT (target: $15) vs 25.3% for BX (target: $156). For income investors, FBRT offers the higher dividend yield at 18.45% vs BX's 6.18%.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $15.33 | $156.29 |
| # AnalystsCovering analysts | 4 | 29 |
| Dividend YieldAnnual dividend ÷ price | +18.4% | +6.2% |
| Dividend StreakConsecutive years of raises | 0 | 2 |
| Dividend / ShareAnnual DPS | $1.69 | $7.70 |
| Buyback YieldShare repurchases ÷ mkt cap | +2.0% | +0.3% |
BX leads in 3 of 6 categories (Income & Cash Flow, Profitability & Efficiency). FBRT leads in 2 (Valuation Metrics, Risk & Volatility). 1 tied.
FBRT vs BX: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is FBRT or BX a better buy right now?
For growth investors, Blackstone Inc.
(BX) is the stronger pick with 21. 6% revenue growth year-over-year, versus -100. 0% for Franklin BSP Realty Trust, Inc. (FBRT). Franklin BSP Realty Trust, Inc. (FBRT) offers the better valuation at 14. 3x trailing P/E (9. 0x forward), making it the more compelling value choice. Analysts rate Franklin BSP Realty Trust, Inc. (FBRT) a "Buy" — based on 4 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 — FBRT or BX?
On trailing P/E, Franklin BSP Realty Trust, Inc.
(FBRT) is the cheapest at 14. 3x versus Blackstone Inc. at 32. 1x. On forward P/E, Franklin BSP Realty Trust, Inc. is actually cheaper at 9. 0x.
03Which is the better long-term investment — FBRT or BX?
Over the past 5 years, Blackstone Inc.
(BX) delivered a total return of +64. 8%, compared to -10. 4% for Franklin BSP Realty Trust, Inc. (FBRT). Over 10 years, the gap is even starker: BX returned +487. 1% versus FBRT's -10. 4%. 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 — FBRT or BX?
By beta (market sensitivity over 5 years), Franklin BSP Realty Trust, Inc.
(FBRT) is the lower-risk stock at 0. 74β versus Blackstone Inc. 's 1. 53β — meaning BX is approximately 108% more volatile than FBRT relative to the S&P 500. On balance sheet safety, Blackstone Inc. (BX) carries a lower debt/equity ratio of 61% versus 3% for Franklin BSP Realty Trust, Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — FBRT or BX?
By revenue growth (latest reported year), Blackstone Inc.
(BX) is pulling ahead at 21. 6% versus -100. 0% for Franklin BSP Realty Trust, Inc. (FBRT). On earnings-per-share growth, the picture is similar: Blackstone Inc. grew EPS 7. 2% year-over-year, compared to -22. 0% for Franklin BSP Realty Trust, Inc.. 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 — FBRT or BX?
Blackstone Inc.
(BX) is the more profitable company, earning 21. 8% net margin versus 17. 9% for Franklin BSP Realty Trust, Inc. — meaning it keeps 21. 8% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: BX leads at 51. 9% versus 36. 9% for FBRT. At the gross margin level — before operating expenses — BX leads at 86. 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.
07Is FBRT or BX more undervalued right now?
On forward earnings alone, Franklin BSP Realty Trust, Inc.
(FBRT) trades at 9. 0x forward P/E versus 20. 9x for Blackstone Inc. — 11. 8x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for FBRT: 67. 4% to $15. 33.
08Which pays a better dividend — FBRT or BX?
All stocks in this comparison pay dividends.
Franklin BSP Realty Trust, Inc. (FBRT) offers the highest yield at 18. 4%, versus 6. 2% for Blackstone Inc. (BX).
09Is FBRT or BX better for a retirement portfolio?
For long-horizon retirement investors, Franklin BSP Realty Trust, Inc.
(FBRT) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 74), 18. 4% yield). Blackstone Inc. (BX) carries a higher beta of 1. 53 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (FBRT: -10. 4%, BX: +487. 1%), 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 FBRT and BX?
These companies operate in different sectors (FBRT (Real Estate) and BX (Financial Services)), which means they face different economic cycles, regulatory environments, and macro sensitivities — making direct comparison nuanced.
In terms of investment character: FBRT is a small-cap deep-value stock; BX is a mid-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.
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