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Side-by-side financial comparison of BLACKSTONE MORTGAGE TRUST, INC. (BXMT) and PREFORMED LINE PRODUCTS CO (PLPC). Click either name above to swap in a different company.

BLACKSTONE MORTGAGE TRUST, INC. is the larger business by last-quarter revenue ($253.5M vs $173.1M, roughly 1.5× PREFORMED LINE PRODUCTS CO). PREFORMED LINE PRODUCTS CO runs the higher net margin — 4.9% vs -24.1%, a 29.0% 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...

Preformed Line Products Co (PLPC) designs, manufactures and supplies engineered hardware for power transmission, telecommunications, and renewable energy infrastructure sectors. It serves utility, network operator and industrial customers across global regions, offering solutions that boost network reliability and operational efficiency.

BXMT vs PLPC — Head-to-Head

Bigger by revenue
BXMT
BXMT
1.5× larger
BXMT
$253.5M
$173.1M
PLPC
Higher net margin
PLPC
PLPC
29.0% more per $
PLPC
4.9%
-24.1%
BXMT

Income Statement — Q2 FY2024 vs Q4 FY2025

Metric
BXMT
BXMT
PLPC
PLPC
Revenue
$253.5M
$173.1M
Net Profit
$-61.1M
$8.4M
Gross Margin
29.8%
Operating Margin
-23.3%
6.8%
Net Margin
-24.1%
4.9%
Revenue YoY
3.6%
Net Profit YoY
-160.1%
-19.3%
EPS (diluted)
$-0.35
$1.72

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
PLPC
PLPC
Q4 25
$173.1M
Q3 25
$178.1M
Q2 25
$169.6M
Q1 25
$148.5M
Q4 24
$167.1M
Q3 24
$147.0M
Q2 24
$253.5M
$138.7M
Q1 24
$287.7M
$140.9M
Net Profit
BXMT
BXMT
PLPC
PLPC
Q4 25
$8.4M
Q3 25
$2.6M
Q2 25
$12.7M
Q1 25
$11.5M
Q4 24
$10.5M
Q3 24
$7.7M
Q2 24
$-61.1M
$9.4M
Q1 24
$-123.8M
$9.6M
Gross Margin
BXMT
BXMT
PLPC
PLPC
Q4 25
29.8%
Q3 25
29.7%
Q2 25
32.7%
Q1 25
32.8%
Q4 24
33.3%
Q3 24
31.1%
Q2 24
31.9%
Q1 24
31.3%
Operating Margin
BXMT
BXMT
PLPC
PLPC
Q4 25
6.8%
Q3 25
7.4%
Q2 25
10.1%
Q1 25
8.8%
Q4 24
10.5%
Q3 24
7.1%
Q2 24
-23.3%
8.1%
Q1 24
-42.5%
8.2%
Net Margin
BXMT
BXMT
PLPC
PLPC
Q4 25
4.9%
Q3 25
1.5%
Q2 25
7.5%
Q1 25
7.8%
Q4 24
6.3%
Q3 24
5.2%
Q2 24
-24.1%
6.8%
Q1 24
-43.0%
6.8%
EPS (diluted)
BXMT
BXMT
PLPC
PLPC
Q4 25
$1.72
Q3 25
$0.53
Q2 25
$2.56
Q1 25
$2.33
Q4 24
$2.13
Q3 24
$1.54
Q2 24
$-0.35
$1.89
Q1 24
$-0.71
$1.94

Balance Sheet & Financial Strength

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

Metric
BXMT
BXMT
PLPC
PLPC
Cash + ST InvestmentsLiquidity on hand
$373.9M
Total DebtLower is stronger
$38.3M
Stockholders' EquityBook value
$4.0B
$475.5M
Total Assets
$22.6B
$653.6M
Debt / EquityLower = less leverage
0.08×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BXMT
BXMT
PLPC
PLPC
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
$373.9M
Q1 24
$414.0M
Total Debt
BXMT
BXMT
PLPC
PLPC
Q4 25
$38.3M
Q3 25
$36.0M
Q2 25
$31.8M
Q1 25
$29.1M
Q4 24
$20.8M
Q3 24
$27.2M
Q2 24
$31.6M
Q1 24
$16.2B
$55.0M
Stockholders' Equity
BXMT
BXMT
PLPC
PLPC
Q4 25
$475.5M
Q3 25
$466.3M
Q2 25
$460.7M
Q1 25
$435.8M
Q4 24
$422.3M
Q3 24
$429.0M
Q2 24
$4.0B
$416.2M
Q1 24
$4.1B
$413.4M
Total Assets
BXMT
BXMT
PLPC
PLPC
Q4 25
$653.6M
Q3 25
$644.6M
Q2 25
$631.5M
Q1 25
$592.5M
Q4 24
$573.9M
Q3 24
$592.0M
Q2 24
$22.6B
$572.6M
Q1 24
$23.3B
$586.1M
Debt / Equity
BXMT
BXMT
PLPC
PLPC
Q4 25
0.08×
Q3 25
0.08×
Q2 25
0.07×
Q1 25
0.07×
Q4 24
0.05×
Q3 24
0.06×
Q2 24
0.08×
Q1 24
3.92×
0.13×

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
PLPC
PLPC
Operating Cash FlowLast quarter
$100.2M
$21.9M
Free Cash FlowOCF − Capex
$11.8M
FCF MarginFCF / Revenue
6.8%
Capex IntensityCapex / Revenue
5.9%
Cash ConversionOCF / Net Profit
2.60×
TTM Free Cash FlowTrailing 4 quarters
$33.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BXMT
BXMT
PLPC
PLPC
Q4 25
$21.9M
Q3 25
$18.9M
Q2 25
$26.9M
Q1 25
$5.7M
Q4 24
$24.1M
Q3 24
$9.4M
Q2 24
$100.2M
$28.3M
Q1 24
$94.6M
$5.8M
Free Cash Flow
BXMT
BXMT
PLPC
PLPC
Q4 25
$11.8M
Q3 25
$8.3M
Q2 25
$18.6M
Q1 25
$-5.3M
Q4 24
$20.6M
Q3 24
$5.8M
Q2 24
$24.6M
Q1 24
$1.8M
FCF Margin
BXMT
BXMT
PLPC
PLPC
Q4 25
6.8%
Q3 25
4.7%
Q2 25
10.9%
Q1 25
-3.6%
Q4 24
12.3%
Q3 24
3.9%
Q2 24
17.7%
Q1 24
1.3%
Capex Intensity
BXMT
BXMT
PLPC
PLPC
Q4 25
5.9%
Q3 25
6.0%
Q2 25
4.9%
Q1 25
7.4%
Q4 24
2.1%
Q3 24
2.4%
Q2 24
2.7%
Q1 24
2.8%
Cash Conversion
BXMT
BXMT
PLPC
PLPC
Q4 25
2.60×
Q3 25
7.21×
Q2 25
2.12×
Q1 25
0.49×
Q4 24
2.30×
Q3 24
1.22×
Q2 24
3.02×
Q1 24
0.60×

Financial Flow Comparison

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

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