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Side-by-side financial comparison of BLACKSTONE MORTGAGE TRUST, INC. (BXMT) and ROGERS CORP (ROG). 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 $200.5M, roughly 1.3× ROGERS CORP). ROGERS CORP runs the higher net margin — 2.2% vs -24.1%, a 26.3% 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...

Rogers Corporation is a specialty engineered materials company headquartered in Chandler, Arizona.

BXMT vs ROG — Head-to-Head

Bigger by revenue
BXMT
BXMT
1.3× larger
BXMT
$253.5M
$200.5M
ROG
Higher net margin
ROG
ROG
26.3% more per $
ROG
2.2%
-24.1%
BXMT

Income Statement — Q2 FY2024 vs Q1 FY2026

Metric
BXMT
BXMT
ROG
ROG
Revenue
$253.5M
$200.5M
Net Profit
$-61.1M
$4.5M
Gross Margin
32.2%
Operating Margin
-23.3%
Net Margin
-24.1%
2.2%
Revenue YoY
5.2%
Net Profit YoY
-160.1%
421.4%
EPS (diluted)
$-0.35
$0.25

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
ROG
ROG
Q1 26
$200.5M
Q4 25
$201.5M
Q3 25
$216.0M
Q2 25
$202.8M
Q1 25
$190.5M
Q4 24
$192.2M
Q3 24
$210.3M
Q2 24
$253.5M
$214.2M
Net Profit
BXMT
BXMT
ROG
ROG
Q1 26
$4.5M
Q4 25
$4.6M
Q3 25
$8.6M
Q2 25
$-73.6M
Q1 25
$-1.4M
Q4 24
$-500.0K
Q3 24
$10.7M
Q2 24
$-61.1M
$8.1M
Gross Margin
BXMT
BXMT
ROG
ROG
Q1 26
32.2%
Q4 25
31.5%
Q3 25
33.5%
Q2 25
31.6%
Q1 25
29.9%
Q4 24
32.1%
Q3 24
35.2%
Q2 24
34.1%
Operating Margin
BXMT
BXMT
ROG
ROG
Q1 26
Q4 25
3.5%
Q3 25
7.3%
Q2 25
-33.3%
Q1 25
-0.2%
Q4 24
-6.6%
Q3 24
6.9%
Q2 24
-23.3%
5.3%
Net Margin
BXMT
BXMT
ROG
ROG
Q1 26
2.2%
Q4 25
2.3%
Q3 25
4.0%
Q2 25
-36.3%
Q1 25
-0.7%
Q4 24
-0.3%
Q3 24
5.1%
Q2 24
-24.1%
3.8%
EPS (diluted)
BXMT
BXMT
ROG
ROG
Q1 26
$0.25
Q4 25
$0.20
Q3 25
$0.48
Q2 25
$-4.00
Q1 25
$-0.08
Q4 24
$-0.04
Q3 24
$0.58
Q2 24
$-0.35
$0.44

Balance Sheet & Financial Strength

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

Metric
BXMT
BXMT
ROG
ROG
Cash + ST InvestmentsLiquidity on hand
$373.9M
$195.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$4.0B
$1.2B
Total Assets
$22.6B
$1.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BXMT
BXMT
ROG
ROG
Q1 26
$195.8M
Q4 25
$197.0M
Q3 25
$167.8M
Q2 25
$157.2M
Q1 25
$175.6M
Q4 24
$159.8M
Q3 24
$146.4M
Q2 24
$373.9M
$119.9M
Stockholders' Equity
BXMT
BXMT
ROG
ROG
Q1 26
$1.2B
Q4 25
$1.2B
Q3 25
$1.2B
Q2 25
$1.2B
Q1 25
$1.3B
Q4 24
$1.3B
Q3 24
$1.3B
Q2 24
$4.0B
$1.3B
Total Assets
BXMT
BXMT
ROG
ROG
Q1 26
$1.4B
Q4 25
$1.4B
Q3 25
$1.4B
Q2 25
$1.5B
Q1 25
$1.5B
Q4 24
$1.5B
Q3 24
$1.5B
Q2 24
$22.6B
$1.5B

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
ROG
ROG
Operating Cash FlowLast quarter
$100.2M
$5.8M
Free Cash FlowOCF − Capex
$1.1M
FCF MarginFCF / Revenue
0.5%
Capex IntensityCapex / Revenue
2.3%
Cash ConversionOCF / Net Profit
1.29×
TTM Free Cash FlowTrailing 4 quarters
$70.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BXMT
BXMT
ROG
ROG
Q1 26
$5.8M
Q4 25
$46.9M
Q3 25
$28.9M
Q2 25
$13.7M
Q1 25
$11.7M
Q4 24
$33.7M
Q3 24
$42.4M
Q2 24
$100.2M
$22.9M
Free Cash Flow
BXMT
BXMT
ROG
ROG
Q1 26
$1.1M
Q4 25
$42.2M
Q3 25
$21.2M
Q2 25
$5.6M
Q1 25
$2.1M
Q4 24
$18.3M
Q3 24
$25.2M
Q2 24
$8.8M
FCF Margin
BXMT
BXMT
ROG
ROG
Q1 26
0.5%
Q4 25
20.9%
Q3 25
9.8%
Q2 25
2.8%
Q1 25
1.1%
Q4 24
9.5%
Q3 24
12.0%
Q2 24
4.1%
Capex Intensity
BXMT
BXMT
ROG
ROG
Q1 26
2.3%
Q4 25
2.3%
Q3 25
3.6%
Q2 25
4.0%
Q1 25
5.0%
Q4 24
8.0%
Q3 24
8.2%
Q2 24
6.6%
Cash Conversion
BXMT
BXMT
ROG
ROG
Q1 26
1.29×
Q4 25
10.20×
Q3 25
3.36×
Q2 25
Q1 25
Q4 24
Q3 24
3.96×
Q2 24
2.83×

Financial Flow Comparison

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

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