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Side-by-side financial comparison of BLACKSTONE MORTGAGE TRUST, INC. (BXMT) and GIBRALTAR INDUSTRIES, INC. (ROCK). 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 $225.0M, roughly 1.1× GIBRALTAR INDUSTRIES, INC.).

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...

Gibraltar Industries, Inc. is a leading manufacturer and distributor of specialized building, infrastructure, and renewable energy products. Its offerings include ventilation systems, roofing accessories, solar mounting solutions, and landscape and garden products, serving residential, commercial construction, and clean energy markets primarily across North America, with a focus on innovative, sustainable solutions for its customers.

BXMT vs ROCK — Head-to-Head

Bigger by revenue
BXMT
BXMT
1.1× larger
BXMT
$253.5M
$225.0M
ROCK

Income Statement — Q2 FY2024 vs Q4 FY2025

Metric
BXMT
BXMT
ROCK
ROCK
Revenue
$253.5M
$225.0M
Net Profit
$-61.1M
Gross Margin
25.3%
Operating Margin
-23.3%
7.9%
Net Margin
-24.1%
Revenue YoY
24.9%
Net Profit YoY
-160.1%
EPS (diluted)
$-0.35

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
ROCK
ROCK
Q4 25
$225.0M
Q3 25
$310.9M
Q2 25
$309.5M
Q1 25
$290.0M
Q4 24
$180.1M
Q3 24
$277.1M
Q2 24
$253.5M
$273.6M
Q1 24
$287.7M
$292.5M
Net Profit
BXMT
BXMT
ROCK
ROCK
Q4 25
Q3 25
$-89.1M
Q2 25
$26.0M
Q1 25
$21.1M
Q4 24
Q3 24
$34.0M
Q2 24
$-61.1M
$32.2M
Q1 24
$-123.8M
$24.9M
Gross Margin
BXMT
BXMT
ROCK
ROCK
Q4 25
25.3%
Q3 25
26.6%
Q2 25
28.4%
Q1 25
26.8%
Q4 24
29.0%
Q3 24
29.4%
Q2 24
30.5%
Q1 24
28.9%
Operating Margin
BXMT
BXMT
ROCK
ROCK
Q4 25
7.9%
Q3 25
12.8%
Q2 25
12.8%
Q1 25
8.8%
Q4 24
13.3%
Q3 24
15.6%
Q2 24
-23.3%
14.9%
Q1 24
-42.5%
10.8%
Net Margin
BXMT
BXMT
ROCK
ROCK
Q4 25
Q3 25
-28.6%
Q2 25
8.4%
Q1 25
7.3%
Q4 24
Q3 24
12.3%
Q2 24
-24.1%
11.8%
Q1 24
-43.0%
8.5%
EPS (diluted)
BXMT
BXMT
ROCK
ROCK
Q4 25
Q3 25
$-2.98
Q2 25
$0.87
Q1 25
Q4 24
Q3 24
$1.11
Q2 24
$-0.35
$1.05
Q1 24
$-0.71

Balance Sheet & Financial Strength

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

Metric
BXMT
BXMT
ROCK
ROCK
Cash + ST InvestmentsLiquidity on hand
$373.9M
$115.7M
Total DebtLower is stronger
$0
Stockholders' EquityBook value
$4.0B
$950.4M
Total Assets
$22.6B
$1.4B
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BXMT
BXMT
ROCK
ROCK
Q4 25
$115.7M
Q3 25
$89.4M
Q2 25
$43.3M
Q1 25
$25.1M
Q4 24
$269.5M
Q3 24
$228.9M
Q2 24
$373.9M
$179.1M
Q1 24
$414.0M
$146.7M
Total Debt
BXMT
BXMT
ROCK
ROCK
Q4 25
$0
Q3 25
$0
Q2 25
$0
Q1 25
$0
Q4 24
$0
Q3 24
$0
Q2 24
$0
Q1 24
$16.2B
$0
Stockholders' Equity
BXMT
BXMT
ROCK
ROCK
Q4 25
$950.4M
Q3 25
$951.8M
Q2 25
$1.0B
Q1 25
$1.0B
Q4 24
$1.0B
Q3 24
$1.0B
Q2 24
$4.0B
$975.7M
Q1 24
$4.1B
$940.2M
Total Assets
BXMT
BXMT
ROCK
ROCK
Q4 25
$1.4B
Q3 25
$1.4B
Q2 25
$1.5B
Q1 25
$1.4B
Q4 24
$1.4B
Q3 24
$1.4B
Q2 24
$22.6B
$1.4B
Q1 24
$23.3B
$1.3B
Debt / Equity
BXMT
BXMT
ROCK
ROCK
Q4 25
0.00×
Q3 25
0.00×
Q2 25
0.00×
Q1 25
0.00×
Q4 24
0.00×
Q3 24
0.00×
Q2 24
0.00×
Q1 24
3.92×
0.00×

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
ROCK
ROCK
Operating Cash FlowLast quarter
$100.2M
$35.5M
Free Cash FlowOCF − Capex
$26.2M
FCF MarginFCF / Revenue
11.7%
Capex IntensityCapex / Revenue
4.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$120.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BXMT
BXMT
ROCK
ROCK
Q4 25
$35.5M
Q3 25
$73.0M
Q2 25
$44.9M
Q1 25
$13.7M
Q4 24
$19.9M
Q3 24
$64.7M
Q2 24
$100.2M
$36.5M
Q1 24
$94.6M
$53.2M
Free Cash Flow
BXMT
BXMT
ROCK
ROCK
Q4 25
$26.2M
Q3 25
$64.8M
Q2 25
$27.3M
Q1 25
$2.3M
Q4 24
$14.1M
Q3 24
$60.5M
Q2 24
$33.5M
Q1 24
$48.8M
FCF Margin
BXMT
BXMT
ROCK
ROCK
Q4 25
11.7%
Q3 25
20.8%
Q2 25
8.8%
Q1 25
0.8%
Q4 24
7.8%
Q3 24
21.8%
Q2 24
12.2%
Q1 24
16.7%
Capex Intensity
BXMT
BXMT
ROCK
ROCK
Q4 25
4.1%
Q3 25
2.6%
Q2 25
5.7%
Q1 25
3.9%
Q4 24
3.3%
Q3 24
1.5%
Q2 24
1.1%
Q1 24
1.5%
Cash Conversion
BXMT
BXMT
ROCK
ROCK
Q4 25
Q3 25
Q2 25
1.73×
Q1 25
0.65×
Q4 24
Q3 24
1.90×
Q2 24
1.13×
Q1 24
2.13×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BXMT
BXMT

Segment breakdown not available.

ROCK
ROCK

Transferred At Point In Time$183.5M82%
Infrastructure$22.5M10%
Other$18.9M8%

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