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Side-by-side financial comparison of BLACKSTONE MORTGAGE TRUST, INC. (BXMT) and J&J SNACK FOODS CORP (JJSF). Click either name above to swap in a different company.

J&J SNACK FOODS CORP is the larger business by last-quarter revenue ($343.8M vs $253.5M, roughly 1.4× BLACKSTONE MORTGAGE TRUST, INC.). J&J SNACK FOODS CORP runs the higher net margin — 0.3% vs -24.1%, a 24.3% gap on every dollar of revenue.

Blackstone Inc. is an American alternative investment management company based in New York City. It was founded in 1985 as a mergers and acquisitions firm by Peter Peterson and Stephen Schwarzman, who had previously worked together at Lehman Brothers. Blackstone's private equity business has been one of the largest investors in leveraged buyouts in the last three decades, while its real estate business has actively acquired commercial real estate across the globe. Blackstone is also active in...

J&J Snack Foods Corp. (JJSFC) is an American manufacturer, marketer, and distributor of name brand snack foods and frozen beverages. Headquartered in Mt. Laurel, NJ, JJSF uses over 175 facilities for manufacturing, warehousing, and distributing located in 44 states, Mexico, and Canada. The company is listed on the NASDAQ Global Select Market as "JJSFC", and serves both national and international markets.

BXMT vs JJSF — Head-to-Head

Bigger by revenue
JJSF
JJSF
1.4× larger
JJSF
$343.8M
$253.5M
BXMT
Higher net margin
JJSF
JJSF
24.3% more per $
JJSF
0.3%
-24.1%
BXMT

Income Statement — Q2 FY2024 vs Q1 FY2026

Metric
BXMT
BXMT
JJSF
JJSF
Revenue
$253.5M
$343.8M
Net Profit
$-61.1M
$883.0K
Gross Margin
27.9%
Operating Margin
-23.3%
0.2%
Net Margin
-24.1%
0.3%
Revenue YoY
-5.2%
Net Profit YoY
-160.1%
-82.8%
EPS (diluted)
$-0.35
$0.05

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
BXMT
BXMT
JJSF
JJSF
Q4 25
$343.8M
Q3 25
$410.2M
Q2 25
$454.3M
Q1 25
$356.1M
Q4 24
$362.6M
Q3 24
$426.8M
Q2 24
$253.5M
$440.0M
Q1 24
$287.7M
$359.7M
Net Profit
BXMT
BXMT
JJSF
JJSF
Q4 25
$883.0K
Q3 25
$11.4M
Q2 25
$44.2M
Q1 25
$4.8M
Q4 24
$5.1M
Q3 24
$29.6M
Q2 24
$-61.1M
$36.3M
Q1 24
$-123.8M
$13.3M
Gross Margin
BXMT
BXMT
JJSF
JJSF
Q4 25
27.9%
Q3 25
31.7%
Q2 25
33.0%
Q1 25
26.9%
Q4 24
25.9%
Q3 24
31.8%
Q2 24
33.6%
Q1 24
30.1%
Operating Margin
BXMT
BXMT
JJSF
JJSF
Q4 25
0.2%
Q3 25
2.8%
Q2 25
13.3%
Q1 25
1.7%
Q4 24
1.7%
Q3 24
9.3%
Q2 24
-23.3%
11.4%
Q1 24
-42.5%
5.0%
Net Margin
BXMT
BXMT
JJSF
JJSF
Q4 25
0.3%
Q3 25
2.8%
Q2 25
9.7%
Q1 25
1.4%
Q4 24
1.4%
Q3 24
6.9%
Q2 24
-24.1%
8.3%
Q1 24
-43.0%
3.7%
EPS (diluted)
BXMT
BXMT
JJSF
JJSF
Q4 25
$0.05
Q3 25
$0.59
Q2 25
$2.26
Q1 25
$0.25
Q4 24
$0.26
Q3 24
$1.52
Q2 24
$-0.35
$1.87
Q1 24
$-0.71
$0.69

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BXMT
BXMT
JJSF
JJSF
Cash + ST InvestmentsLiquidity on hand
$373.9M
$66.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$4.0B
$912.9M
Total Assets
$22.6B
$1.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BXMT
BXMT
JJSF
JJSF
Q4 25
$66.8M
Q3 25
$105.9M
Q2 25
$77.4M
Q1 25
$48.5M
Q4 24
$73.6M
Q3 24
$73.4M
Q2 24
$373.9M
$64.0M
Q1 24
$414.0M
$43.6M
Total Debt
BXMT
BXMT
JJSF
JJSF
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
$16.2B
Stockholders' Equity
BXMT
BXMT
JJSF
JJSF
Q4 25
$912.9M
Q3 25
$966.7M
Q2 25
$969.9M
Q1 25
$935.0M
Q4 24
$946.8M
Q3 24
$957.0M
Q2 24
$4.0B
$937.9M
Q1 24
$4.1B
$915.7M
Total Assets
BXMT
BXMT
JJSF
JJSF
Q4 25
$1.3B
Q3 25
$1.4B
Q2 25
$1.4B
Q1 25
$1.4B
Q4 24
$1.3B
Q3 24
$1.4B
Q2 24
$22.6B
$1.4B
Q1 24
$23.3B
$1.3B
Debt / Equity
BXMT
BXMT
JJSF
JJSF
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
3.92×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BXMT
BXMT
JJSF
JJSF
Operating Cash FlowLast quarter
$100.2M
$36.0M
Free Cash FlowOCF − Capex
$17.0M
FCF MarginFCF / Revenue
4.9%
Capex IntensityCapex / Revenue
5.5%
Cash ConversionOCF / Net Profit
40.73×
TTM Free Cash FlowTrailing 4 quarters
$83.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BXMT
BXMT
JJSF
JJSF
Q4 25
$36.0M
Q3 25
$66.4M
Q2 25
$51.2M
Q1 25
$12.3M
Q4 24
$35.2M
Q3 24
$46.3M
Q2 24
$100.2M
$65.0M
Q1 24
$94.6M
$12.7M
Free Cash Flow
BXMT
BXMT
JJSF
JJSF
Q4 25
$17.0M
Q3 25
$44.8M
Q2 25
$28.5M
Q1 25
$-7.2M
Q4 24
$16.1M
Q3 24
$29.1M
Q2 24
$45.3M
Q1 24
$-4.0M
FCF Margin
BXMT
BXMT
JJSF
JJSF
Q4 25
4.9%
Q3 25
10.9%
Q2 25
6.3%
Q1 25
-2.0%
Q4 24
4.4%
Q3 24
6.8%
Q2 24
10.3%
Q1 24
-1.1%
Capex Intensity
BXMT
BXMT
JJSF
JJSF
Q4 25
5.5%
Q3 25
5.3%
Q2 25
5.0%
Q1 25
5.5%
Q4 24
5.3%
Q3 24
4.0%
Q2 24
4.5%
Q1 24
4.6%
Cash Conversion
BXMT
BXMT
JJSF
JJSF
Q4 25
40.73×
Q3 25
5.84×
Q2 25
1.16×
Q1 25
2.55×
Q4 24
6.84×
Q3 24
1.56×
Q2 24
1.79×
Q1 24
0.96×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

BXMT
BXMT

Segment breakdown not available.

JJSF
JJSF

Food Service$219.2M64%
Frozen Beverages$78.7M23%
Repair And Maintenance Service$22.5M7%
Other$12.7M4%
Machine Sales$10.7M3%

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