insiderdelta
CoverageForm 410-K10-Q8-K13D13G13F

STWD · Starwood Property Trust, Inc. - Financials

Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.

Price · STWD

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AnnualQuarterly

Income Statement

Line itemFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Revenue$1.84B$1.95B$2.05B$1.46B$1.17B$1.14B
Cost of Revenue------
Gross Profit------
R&D------
SG&A$208.81M$199.24M$180.21M$175.50M$171.30M$157.87M
Total Operating Expenses$1.79B$1.98B$2.10B$1.27B$989.06M$964.41M
D&A$78.98M$41.31M$49.14M$49.29M$83.00M$94.41M
Operating Income$479.81M$406.01M$417.48M$997.54M$501.10M$386.28M
Interest Expense--$1.44B$797.12M$445.09M$419.76M
Income Tax$36.72M$25.43M($682.0K)($61.52M)$8.67M$20.20M
Net Income$411.54M$359.93M$339.21M$871.48M$447.74M$331.69M
EPS - Basic$1.15$1.10$1.07$2.80$1.54$1.16
EPS - Diluted$1.15$1.10$1.07$2.74$1.52$1.16

Balance Sheet

Line itemFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Cash & Equivalents$499.48M$377.83M$194.66M$261.06M$217.36M$563.22M
Accounts Receivable------
Inventory------
Accounts Payable------
Current Assets------
Total Assets$63.18B$62.56B$69.50B$79.04B$83.85B$80.87B
Current Liabilities------
Long-term Debt-----$1.73B
Total Liabilities$55.69B$55.36B$62.48B$71.84B$77.20B$76.01B
Stockholders' Equity$6.80B$6.44B$6.25B$6.46B$6.07B$4.49B
Retained Earnings($39.02M)$235.32M$505.88M$769.24M$493.11M($629.73M)

Cash Flow

Line itemFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Operating Cash Flow$977.85M$646.59M$528.60M$213.74M($989.98M)$1.05B
Investing Cash Flow($3.78B)$2.08B$855.07M($2.95B)($4.28B)($911.80M)
Financing Cash Flow$2.92B($2.49B)($1.45B)$2.80B$4.87B$13.28M
CapEx$0-----
Free Cash Flow$977.85M-----

Ratios

MetricFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Profitability
Gross margin------
Operating margin26.0%20.9%20.4%68.1%42.8%34.0%
EBITDA margin30.3%23.0%22.8%71.5%49.9%42.3%
Net margin22.3%18.5%16.5%59.5%38.3%29.2%
Free cash flow margin53.0%-----
FCF / Net income2.38-----
R&D / Revenue------
SG&A / Revenue11.3%10.2%8.8%12.0%14.6%13.9%
Effective tax rate8.2%6.6%-0.2%-7.6%1.9%5.7%
Return on assets0.7%0.6%0.5%1.1%0.5%0.4%
Return on equity6.1%5.6%5.4%13.5%7.4%7.4%
Return on invested capital-----5.9%
Liquidity
Current ratio------
Quick ratio------
Cash ratio------
Leverage
Debt / Equity-----0.39
Debt / Assets-----0.02
Debt / EBITDA-----3.60
Interest coverage--0.3x1.3x1.1x0.9x
Equity multiplier9.309.7211.1212.2313.8118.02
Liabilities / Assets0.880.890.900.910.920.94
Efficiency
Asset turnover0.030.030.030.020.010.01
Inventory turnover------
Days sales outstanding------
Days inventory outstanding------
Days payable outstanding------
Cash conversion cycle------
Valuation
P / E15.7x17.2x19.6x6.7x16.0x16.6x
P / B0.9x0.9x1.0x0.9x1.2x1.2x
P / S3.4x3.1x3.2x4.0x6.2x4.8x
EV / EBITDA10.4x12.7x13.6x5.3x12.0x13.8x
Growth
Revenue growth (YoY)-5.3%-5.0%40.0%25.2%3.0%-5.0%
Revenue CAGR (3y)8.0%18.5%21.7%7.0%1.8%8.9%
Revenue CAGR (5y)10.2%10.2%13.1%10.7%8.3%9.1%
Gross profit growth (YoY)------
Operating income growth (YoY)18.2%-2.7%-58.1%99.1%29.7%-29.8%
Net income growth (YoY)14.3%6.1%-61.1%94.6%35.0%-34.9%
EPS growth (YoY)4.5%2.8%-60.9%80.3%31.0%-35.2%
EPS CAGR (3y)-25.1%-10.2%-2.7%15.2%2.3%-8.6%
EPS CAGR (5y)-0.2%-9.3%-5.5%12.5%0.3%-9.5%
FCF growth (YoY)------
FCF CAGR (5y)------
Book value growth (YoY)5.6%3.0%-3.3%6.4%35.3%-4.5%

Sales by segment

From XBRL dimensional facts in the 10-K period ending 2025-12-31.

Business segments

$2.01B total
Commercial And Residential Lending Segment$1.35B · 67.2%
Infrastructure Lending Segment$276.79M · 13.8%
Investing And Servicing Segment Property Portfolio$244.31M · 12.2%
Property Segment$137.02M · 6.8%

Geographic

$367.30M total
Non Us$367.30M · 100.0%

Stability scores

Piotroski F-score

FY 2025 · 9-point quality

4/9
Neutral
  • ✓Net income positive
  • ✓Operating cash flow positive
  • ✓ROA improved YoY
  • ✓Cash flow > net income
  • -Long-term debt decreased
  • -Current ratio improved
  • ✗No share dilution
  • -Gross margin improved
  • ✗Asset turnover improved

Peer comparison

Same SIC group: Real Estate Investment Trusts

CompanyRevenue (last FY)Net marginROE
UMH$261.75M2.3%0.7%
ARE---9.2%
VTR$5.83B4.3%2.0%
SPG$6.36B72.7%88.8%
NYSE: KRC$1.11B0.0%0.0%

Comparing STARWOOD PROPERTY TRUST against the 5 most active filers in the same SIC group.

Dividends

$1.92/share trailing 12 months · 0.0% YoY

Ex-datePer share
Mar 31, 2026$0.4800
Dec 31, 2025$0.4800
Sep 30, 2025$0.4800
Jun 30, 2025$0.4800
Mar 31, 2025$0.4800
Dec 31, 2024$0.4800
Sep 30, 2024$0.4800
Jun 28, 2024$0.4800
Mar 27, 2024$0.4800
Dec 28, 2023$0.4800
Sep 28, 2023$0.4800
Jun 29, 2023$0.4800
Mar 30, 2023$0.4800
Dec 29, 2022$0.4800
Sep 29, 2022$0.4800
Jun 29, 2022$0.4800
Mar 30, 2022$0.4800
Dec 30, 2021$0.4800
Sep 29, 2021$0.4800
Jun 29, 2021$0.4800
Mar 30, 2021$0.4800
Dec 30, 2020$0.4800
Sep 29, 2020$0.4800
Jun 29, 2020$0.4800