8-K Announcements
6Feb 25, 2026·SEC
Nov 10, 2025·SEC
Oct 14, 2025·SEC
Starwood Property Trust, Inc. (STWD) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Starwood Property Trust, Inc. (STWD) stock price & volume — 10-year historical chart
Starwood Property Trust, Inc. (STWD) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Starwood Property Trust, Inc. (STWD) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q1 2026Latest | Feb 25, 2026 | $0.42vs $0.41+2.4% | $493Mvs $503M-2.0% |
| Q4 2025 | Nov 10, 2025 | $0.40vs $0.45-11.1% | $490Mvs $470M+4.3% |
| Q3 2025 | Aug 7, 2025 | $0.43vs $0.39+10.3% | $476Mvs $476M+0.1% |
| Q2 2025 | May 9, 2025 | $0.45vs $0.46-2.2% | $418Mvs $477M-12.3% |
Starwood Property Trust, Inc. (STWD) competitors in Diversified mortgage and specialty finance REITs — business model, growth, and fundamentals comparison
Starwood Property Trust, Inc. (STWD) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Starwood Property Trust, Inc. (STWD) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 880.59M | 1.11B | 1.32B | 1.14B | 1.19B | 1.55B | 2.05B | 2.04B | 1.88B |
| Revenue Growth % | 11.99% | 26.42% | 18.43% | -13.75% | 4.49% | 30.7% | 32.12% | -0.53% | -7.88% |
| Property Operating Expenses | 94.26M | 127.07M | 122.98M | 0 | 112.85M | 44.12M | 239.29M | 48.24M | 366.53M |
| Net Operating Income (NOI) | 786.33M▲ 0% | 986.19M▲ 25.4% | 1.2B▲ 21.2% | 1.14B▼ 4.9% | 1.08B▼ 5.4% | 1.51B▲ 40.3% | 1.81B▲ 20.1% | 1.99B▲ 9.9% | 1.51B▼ 24.0% |
| NOI Margin % | 89.3% | 88.59% | 90.67% | 100% | 90.5% | 97.16% | 88.34% | 97.64% | 80.51% |
| Operating Expenses | 735M | 978M | 506.71M | 822.44M | 339.07M | 362.35M | 1.02B | 344.41M | 80.87M |
| G&A Expenses | 252.29M | 265.59M | 274.24M | 157.87M | 339.07M | 331.05M | 180.21M | 344.41M | 208.81M |
| EBITDA | 617.9M | 1.3B | 973.95M | 0 | 265.33M | 2.27B | 51.69M | 8.1M | 1.51B |
| EBITDA Margin % | 70.17% | 117.09% | 73.87% | 0% | 22.33% | 146.37% | 2.52% | 0.4% | 80.41% |
| Depreciation & Amortization | 473.26M | 494.18M | 451.06M | 94.15M | 0 | 490.89M | 49.14M | 0 | 78.98M |
| D&A / Revenue % | 53.74% | 44.39% | 34.21% | 8.28% | 0% | 31.61% | 2.39% | 0% | 4.2% |
| Operating Income | 144.64M▲ 0% | 809.35M▲ 459.6% | 522.9M▼ 35.4% | 0▼ 100.0% | 265.33M▲ 0% | 1.78B▲ 571.8% | 2.55M▼ 99.9% | 8.1M▲ 217.5% | 1.43B▲ 17588.6% |
| Operating Margin % | 16.43% | 72.7% | 39.66% | 0% | 22.33% | 114.77% | 0.12% | 0.4% | 76.2% |
| Interest Expense | 295.67M | 408.19M | 508.73M | 419.76M | 445.09M | 797.12M | 1.44B | 1.35B | 1.28B |
| Interest Coverage | 0.49x | 1.98x | 1.03x | - | 0.60x | 2.24x | 0.00x | 0.01x | 1.12x |
| Non-Operating Income | -262.69M | -487.43M | 279.99M | 94.15M | 265.33M | -870.43M | -2.55M | 8.1M | -324.02M |
| Pretax Income | 444.29M▲ 0% | 426.53M▼ 4.0% | 550.17M▲ 29.0% | 386.28M▼ 29.8% | 501.1M▲ 29.7% | 997.54M▲ 99.1% | 417.48M▼ 58.1% | 406.01M▼ 2.7% | 479.81M▲ 18.2% |
| Pretax Margin % | 50.45% | 38.31% | 41.73% | 33.97% | 42.17% | 64.23% | 20.34% | 19.89% | 25.52% |
| Income Tax | 31.52M | 15.33M | 13.23M | 20.2M | 8.67M | -61.52M | -682K | 25.43M | 36.72M |
| Effective Tax Rate % | 7.09% | 3.59% | 2.41% | 5.23% | 1.73% | -6.17% | -0.16% | 6.26% | 7.65% |
| Net Income | 400.77M▲ 0% | 385.83M▼ 3.7% | 509.66M▲ 32.1% | 331.69M▼ 34.9% | 447.74M▲ 35.0% | 871.48M▲ 94.6% | 339.21M▼ 61.1% | 359.93M▲ 6.1% | 411.54M▲ 14.3% |
| Net Margin % | 45.51% | 34.66% | 38.66% | 29.17% | 37.68% | 56.11% | 16.53% | 17.63% | 21.89% |
| Net Income Growth % | 9.74% | -3.73% | 32.1% | -34.92% | 34.99% | 94.64% | -61.08% | 6.11% | 14.34% |
| Funds From Operations (FFO) | 874.03M▲ 0% | 880.01M▲ 0.7% | 960.72M▲ 9.2% | 425.84M▼ 55.7% | 532.33M▲ 25.0% | 1.36B▲ 155.9% | 388.35M▼ 71.5% | 406.19M▲ 4.6% | 490.52M▲ 20.8% |
| FFO Margin % | 99.26% | 79.05% | 72.87% | 37.45% | 44.8% | 87.72% | 18.93% | 19.9% | 26.09% |
| FFO Growth % | 62.84% | 0.68% | 9.17% | -55.67% | 25.01% | 155.93% | -71.49% | 4.59% | 20.76% |
| FFO per Share | 3.33 | 3.19 | 3.37 | 1.51 | 1.79 | 4.82 | 1.25 | 1.27 | 1.45 |
| FFO Payout Ratio % | 57.4% | 57.95% | 56.04% | 128.42% | 104.06% | 43.41% | 154.81% | 152.64% | 0% |
| EPS (Diluted) | 1.52▲ 0% | 1.40▼ 7.9% | 1.79▲ 27.9% | 1.16▼ 35.2% | 1.52▲ 31.0% | 3.09▲ 103.3% | 1.07▼ 65.4% | 1.12▲ 4.7% | 1.22▲ 8.9% |
| EPS Growth % | 1.33% | -7.89% | 27.86% | -35.2% | 31.03% | 103.29% | -65.37% | 4.67% | 8.93% |
| EPS (Basic) | 1.53 | 1.45 | 1.81 | 1.16 | 1.54 | 3.09 | 1.07 | 1.13 | 1.22 |
| Diluted Shares Outstanding | 262.08M | 275.66M | 284.73M | 282.48M | 296.83M | 282.48M | 310.51M | 320.57M | 337.14M |
Starwood Property Trust, Inc. (STWD) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Total Assets | 62.94B | 68.26B | 78.04B | 80.87B | 83.85B | 79.04B | 69.5B | 62.56B | 63.18B |
| Asset Growth % | -18.53% | 8.45% | 14.33% | 3.63% | 3.68% | -5.73% | -12.07% | -10% | 1% |
| Real Estate & Other Assets | -5.01B | -5.47B | -359.57M | -2.27B | -2.31B | -3B | 44.21B | -3.03B | -5.61B |
| PP&E (Net) | 2.65B | 2.78B | 0 | 2.27B | 0 | 0 | 0 | 0 | 0 |
| Investment Securities | 1000K | 1000K | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Total Current Assets | 1.14B | 1.21B | 0 | 659.2M | 0 | 0 | 458.96M | 0 | 963.16M |
| Cash & Equivalents | 369.45M | 239.82M | 574.03M | 563.22M | 217.36M | 261.06M | 194.66M | 377.83M | 499.48M |
| Receivables | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Other Current Assets | 0 | 0 | -638.12M | 0 | -477.6M | -542.97M | 0 | -639.4M | 0 |
| Intangible Assets | 183.09M | 145.03M | 0 | 70.12M | 63.56M | 68.77M | 64.97M | 60.7M | 436.06M |
| Total Liabilities | 58.36B | 63.36B | 72.91B | 76.01B | 77.2B | 71.84B | 62.48B | 55.36B | 55.69B |
| Total Debt | 7.97B | 10.76B | 11.78B | 7B | 7.48B | 9.71B | 8.87B | 9.01B | 22.2B |
| Net Debt | 7.6B | 10.52B | 11.21B | 6.44B | 7.26B | 9.45B | 8.67B | 8.63B | 21.7B |
| Long-Term Debt | 4.72B | 4.92B | 10.72B | 5.66B | 6.14B | 8.39B | 7.82B | 8.17B | 19.46B |
| Short-Term Borrowings | 0 | 0 | 1.05B | 1.35B | 1.34B | 1.32B | 1.05B | 831.32M | 2.69B |
| Capital Lease Obligations | 0 | 0 | 13.24M | 0 | 0 | 0 | 32.51M | 0 | 49.16M |
| Total Current Liabilities | 51.06B | 53.47B | 0 | 1.55B | 0 | 0 | 1.29B | 0 | 2.69B |
| Accounts Payable | 168.28M | 217.66M | 0 | 200.78M | 189.7M | 299M | 244.86M | 0 | 0 |
| Deferred Revenue | -6.9B | 63.36B | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | -4.72B | -4.92B | -10.73B | 0 | -6.14B | -8.39B | 54.08B | -8.17B | 33.5B |
| Total Equity | 4.58B▲ 0% | 4.9B▲ 7.0% | 5.14B▲ 4.8% | 4.86B▼ 5.3% | 6.65B▲ 36.7% | 7.2B▲ 8.3% | 7.02B▼ 2.4% | 7.19B▲ 2.4% | 7.49B▲ 4.1% |
| Equity Growth % | 0.42% | 7.01% | 4.83% | -5.34% | 36.73% | 8.27% | -2.44% | 2.43% | 4.12% |
| Shareholders Equity | 4.48B | 4.6B | 4.7B | 4.49B | 6.07B | 6.46B | 6.25B | 6.44B | 6.8B |
| Minority Interest | 100.79M | 296.76M | 436.59M | 373.68M | 576.27M | 736.27M | 771.89M | 756.37M | 364.12M |
| Common Stock | 2.66M | 2.81M | 2.87M | 2.92M | 3.12M | 3.18M | 3.21M | 3.45M | 3.78M |
| Additional Paid-in Capital | 4.72B | 5B | 5.13B | 5.21B | 5.67B | 5.81B | 5.86B | 6.32B | 6.96B |
| Retained Earnings | -217.31M | -349M | -381.72M | -629.73M | 493.11M | 769.24M | 505.88M | 235.32M | -39.02M |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Return on Assets (ROA) | 0.57% | 0.59% | 0.7% | 0.42% | 0.54% | 1.07% | 0.46% | 0.55% | 0.65% |
| Return on Equity (ROE) | 8.77% | 8.14% | 10.16% | 6.63% | 7.78% | 12.59% | 4.77% | 5.06% | 5.61% |
| Debt / Assets | 12.67% | 15.76% | 15.1% | 8.66% | 8.92% | 12.28% | 12.76% | 14.4% | 35.13% |
| Debt / Equity | 1.74x | 2.20x | 2.29x | 1.44x | 1.12x | 1.35x | 1.26x | 1.25x | 2.96x |
| Net Debt / EBITDA | 12.30x | 8.07x | 11.51x | - | 27.37x | 4.16x | 167.75x | 1065.24x | 14.35x |
| Book Value per Share | 17.47 | 17.78 | 18.04 | 17.21 | 22.40 | 25.48 | 22.62 | 22.44 | 22.21 |
Starwood Property Trust, Inc. (STWD) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | -246.84M | 585.47M | -13.2M | 1.05B | -989.98M | 213.74M | 528.6M | 646.59M | 977.85M |
| Operating CF Growth % | -144.35% | 337.19% | -102.25% | 8021.42% | -194.68% | 121.59% | 147.31% | 22.32% | 51.23% |
| Operating CF / Revenue % | -28.03% | 52.59% | -1% | 91.94% | -83.31% | 13.76% | 25.76% | 31.68% | 52.01% |
| Net Income | 412.77M | 411.2M | 536.93M | 366.08M | 492.43M | 1.06B | 418.16M | 380.58M | 443.09M |
| Depreciation & Amortization | 90.9M | 130.84M | 113.39M | 94.15M | 84.59M | 53.94M | 54.3M | 46.26M | 58.57M |
| Stock-Based Compensation | 37.75M | 43.55M | 48.07M | 31.24M | 39.29M | 40.19M | 39.25M | 41.79M | 54.09M |
| Other Non-Cash Items | -729.49M | 94.03M | -501.62M | 692.24M | -1.42B | -918.25M | 252.87M | 225.51M | 422.09M |
| Working Capital Changes | -102.12M | -27.23M | -152.52M | -177.13M | -87.31M | -21.2M | -235.97M | -47.54M | 0 |
| Cash from Investing | -1.04B | -2.52B | -775.87M | -911.8M | -4.28B | -2.95B | 855.07M | 2.08B | -3.78B |
| Acquisitions (Net) | -17.64M | -2.16B | 30.86M | 25.16M | 26.27M | 617K | 824K | 4.4M | 0 |
| Purchase of Investments | -171.1M | -525.08M | -159.15M | -100.34M | -261.67M | -106.05M | -56.59M | -115.09M | -7.87B |
| Sale of Investments | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Other Investing | -549.87M | -202.28M | -868.46M | -929.92M | -4.17B | -3.14B | 799.5M | 1.89B | 4.08B |
| Cash from Financing | 1.05B | 2B | 876.72M | 13.28M | 4.87B | 2.8B | -1.45B | -2.49B | 0 |
| Dividends Paid | -501.66M | -509.97M | -538.42M | -546.88M | -553.93M | -591.46M | -601.19M | -620M | 0 |
| Common Dividends | -501.66M | -509.97M | -538.42M | -546.88M | -553.93M | -591.46M | -601.19M | -620M | 0 |
| Debt Issuance (Net) | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | -1000K | -1000K | 0 |
| Share Repurchases | 0 | -12.09M | 0 | -33.83M | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -26.84M | -217.35M | 106.74M | -33.94M | 223.29M | -3.94M | 106.01M | -47.82M | 0 |
| Net Change in Cash | -232.48M▲ 0% | 69.59M▲ 129.9% | 86.17M▲ 23.8% | 148.13M▲ 71.9% | -400.25M▼ 370.2% | 60.22M▲ 115.0% | -70.16M▼ 216.5% | 242.02M▲ 445.0% | 0▼ 100.0% |
| Exchange Rate Effect | 1000K | 207K | -1000K | 1000K | -1000K | -1000K | 731K | -1000K | 0 |
| Cash at Beginning | 650.75M | 418.27M | 487.87M | 574.03M | 722.16M | 321.91M | 382.13M | 311.97M | 0 |
| Cash at End | 418.27M | 487.87M | 574.03M | 722.16M | 321.91M | 382.13M | 311.97M | 554M | 0 |
| Free Cash Flow | -820.77M▲ 0% | 530.7M▲ 164.7% | -44.06M▼ 108.3% | 1.02B▲ 2415.7% | -1.02B▼ 199.6% | 188.52M▲ 118.6% | 503.51M▲ 167.1% | 618.65M▲ 22.9% | 977.85M▲ 58.1% |
| FCF Growth % | -204.01% | 164.66% | -108.3% | 2415.69% | -199.59% | 118.55% | 167.09% | 22.87% | 58.06% |
| FCF / Revenue % | -93.21% | 47.67% | -3.34% | 89.73% | -85.52% | 12.14% | 24.54% | 30.31% | 52.01% |
Starwood Property Trust, Inc. (STWD) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| FFO per Share | 2.22 | 3.33 | 3.19 | 3.37 | 1.51 | 1.79 | 4.82 | 1.25 | 1.27 | 1.45 |
| FFO Payout Ratio | 85.39% | 57.4% | 57.95% | 56.04% | 128.42% | 104.06% | 43.41% | 154.81% | 152.64% | 0% |
| NOI Margin | 91.72% | 89.3% | 88.59% | 90.67% | 100% | 90.5% | 97.16% | 88.34% | 97.64% | 80.51% |
| Net Debt / EBITDA | 10.36x | 12.30x | 8.07x | 11.51x | - | 27.37x | 4.16x | 167.75x | 1065.24x | 14.35x |
| Debt / Assets | 8.03% | 12.67% | 15.76% | 15.1% | 8.66% | 8.92% | 12.28% | 12.76% | 14.4% | 35.13% |
| Interest Coverage | 1.59x | 0.49x | 1.98x | 1.03x | - | 0.60x | 2.24x | 0.00x | 0.01x | 1.12x |
| Book Value / Share | 18.86 | 17.47 | 17.78 | 18.04 | 17.21 | 22.4 | 25.48 | 22.62 | 22.44 | 22.21 |
| Revenue Growth | 3.76% | 11.99% | 26.42% | 18.43% | -13.75% | 4.49% | 30.7% | 32.12% | -0.53% | -7.88% |
Starwood Property Trust, Inc. (STWD) SEC filings — annual & quarterly reports (10-K, 10-Q)
Feb 25, 2026·SEC
Nov 10, 2025·SEC
Oct 14, 2025·SEC
Starwood Property Trust, Inc. (STWD) stock FAQ — growth, dividends, profitability & financials explained
Starwood Property Trust, Inc. (STWD) reported $1.89B in revenue for fiscal year 2025. This represents a 27189% increase from $6.9M in 2009.
Starwood Property Trust, Inc. (STWD) saw revenue decline by 7.9% over the past year.
Yes, Starwood Property Trust, Inc. (STWD) is profitable, generating $411.5M in net income for fiscal year 2025 (21.9% net margin).
Starwood Property Trust, Inc. (STWD) has a return on equity (ROE) of 5.6%. This is below average, suggesting room for improvement.
Starwood Property Trust, Inc. (STWD) generated Funds From Operations (FFO) of $491.7M in the trailing twelve months. FFO is the primary profitability metric for REITs.
Starwood Property Trust, Inc. (STWD) financial analysis — history, returns, DCA and operating performance tools
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates