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Side-by-side financial comparison of BLACKSTONE MORTGAGE TRUST, INC. (BXMT) and Utz Brands, Inc. (UTZ). Click either name above to swap in a different company.

Utz Brands, Inc. is the larger business by last-quarter revenue ($341.0M vs $253.5M, roughly 1.3× BLACKSTONE MORTGAGE TRUST, INC.). Utz Brands, Inc. runs the higher net margin — 0.7% vs -24.1%, a 24.8% 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...

Utz Brands, Inc., more commonly known as Utz, is an American snack food company based in Hanover, Pennsylvania. The company produces a variety of potato chips, pretzels, and other snacks, with most products sold under their family of brands. Utz is also a snack supplier to warehouse clubs and merchandisers.

BXMT vs UTZ — Head-to-Head

Bigger by revenue
UTZ
UTZ
1.3× larger
UTZ
$341.0M
$253.5M
BXMT
Higher net margin
UTZ
UTZ
24.8% more per $
UTZ
0.7%
-24.1%
BXMT

Income Statement — Q2 FY2024 vs Q4 FY2024

Metric
BXMT
BXMT
UTZ
UTZ
Revenue
$253.5M
$341.0M
Net Profit
$-61.1M
$2.3M
Gross Margin
25.5%
Operating Margin
-23.3%
2.1%
Net Margin
-24.1%
0.7%
Revenue YoY
-3.1%
Net Profit YoY
-160.1%
108.3%
EPS (diluted)
$-0.35
$0.04

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
UTZ
UTZ
Q4 24
$341.0M
Q3 24
$365.5M
Q2 24
$253.5M
$356.2M
Q1 24
$287.7M
$346.5M
Q4 23
$371.9M
Q3 23
$362.9M
Q2 23
$351.4M
Net Profit
BXMT
BXMT
UTZ
UTZ
Q4 24
$2.3M
Q3 24
$-2.2M
Q2 24
$-61.1M
$19.8M
Q1 24
$-123.8M
$-4.0M
Q4 23
$16.0M
Q3 23
$-4.1M
Q2 23
$-9.1M
Gross Margin
BXMT
BXMT
UTZ
UTZ
Q4 24
25.5%
Q3 24
26.9%
Q2 24
26.7%
Q1 24
25.5%
Q4 23
32.1%
Q3 23
32.4%
Q2 23
29.7%
Operating Margin
BXMT
BXMT
UTZ
UTZ
Q4 24
2.1%
Q3 24
5.3%
Q2 24
-23.3%
6.3%
Q1 24
-42.5%
2.8%
Q4 23
1.4%
Q3 23
0.7%
Q2 23
-0.6%
Net Margin
BXMT
BXMT
UTZ
UTZ
Q4 24
0.7%
Q3 24
-0.6%
Q2 24
-24.1%
5.6%
Q1 24
-43.0%
-1.2%
Q4 23
4.3%
Q3 23
-1.1%
Q2 23
-2.6%
EPS (diluted)
BXMT
BXMT
UTZ
UTZ
Q4 24
$0.04
Q3 24
$-0.03
Q2 24
$-0.35
$0.23
Q1 24
$-0.71
$-0.05
Q4 23
$0.19
Q3 23
$-0.05
Q2 23
$-0.11

Balance Sheet & Financial Strength

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

Metric
BXMT
BXMT
UTZ
UTZ
Cash + ST InvestmentsLiquidity on hand
$373.9M
$56.1M
Total DebtLower is stronger
$768.6M
Stockholders' EquityBook value
$4.0B
$696.9M
Total Assets
$22.6B
$2.7B
Debt / EquityLower = less leverage
1.10×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BXMT
BXMT
UTZ
UTZ
Q4 24
$56.1M
Q3 24
$64.9M
Q2 24
$373.9M
$66.6M
Q1 24
$414.0M
$47.0M
Q4 23
$60.1M
Q3 23
$73.7M
Q2 23
$57.9M
Total Debt
BXMT
BXMT
UTZ
UTZ
Q4 24
$768.6M
Q3 24
$780.8M
Q2 24
$797.6M
Q1 24
$16.2B
$756.9M
Q4 23
$915.8M
Q3 23
$967.0M
Q2 23
$929.3M
Stockholders' Equity
BXMT
BXMT
UTZ
UTZ
Q4 24
$696.9M
Q3 24
$685.7M
Q2 24
$4.0B
$686.0M
Q1 24
$4.1B
$671.1M
Q4 23
$705.9M
Q3 23
$688.5M
Q2 23
$692.0M
Total Assets
BXMT
BXMT
UTZ
UTZ
Q4 24
$2.7B
Q3 24
$2.6B
Q2 24
$22.6B
$2.7B
Q1 24
$23.3B
$2.6B
Q4 23
$2.8B
Q3 23
$2.8B
Q2 23
$2.8B
Debt / Equity
BXMT
BXMT
UTZ
UTZ
Q4 24
1.10×
Q3 24
1.14×
Q2 24
1.16×
Q1 24
3.92×
1.13×
Q4 23
1.30×
Q3 23
1.40×
Q2 23
1.34×

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
UTZ
UTZ
Operating Cash FlowLast quarter
$100.2M
$54.2M
Free Cash FlowOCF − Capex
$16.5M
FCF MarginFCF / Revenue
4.8%
Capex IntensityCapex / Revenue
11.1%
Cash ConversionOCF / Net Profit
23.67×
TTM Free Cash FlowTrailing 4 quarters
$7.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BXMT
BXMT
UTZ
UTZ
Q4 24
$54.2M
Q3 24
$52.2M
Q2 24
$100.2M
$8.9M
Q1 24
$94.6M
$-9.1M
Q4 23
$53.4M
Q3 23
$4.1M
Q2 23
$-8.4M
Free Cash Flow
BXMT
BXMT
UTZ
UTZ
Q4 24
$16.5M
Q3 24
$29.1M
Q2 24
$-15.3M
Q1 24
$-22.7M
Q4 23
$37.9M
Q3 23
$-12.1M
Q2 23
$-22.3M
FCF Margin
BXMT
BXMT
UTZ
UTZ
Q4 24
4.8%
Q3 24
8.0%
Q2 24
-4.3%
Q1 24
-6.5%
Q4 23
10.2%
Q3 23
-3.3%
Q2 23
-6.4%
Capex Intensity
BXMT
BXMT
UTZ
UTZ
Q4 24
11.1%
Q3 24
6.3%
Q2 24
6.8%
Q1 24
3.9%
Q4 23
4.2%
Q3 23
4.5%
Q2 23
4.0%
Cash Conversion
BXMT
BXMT
UTZ
UTZ
Q4 24
23.67×
Q3 24
Q2 24
0.45×
Q1 24
Q4 23
3.34×
Q3 23
Q2 23

Financial Flow Comparison

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

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