8-K Announcements
6May 12, 2026·SEC
May 11, 2026·SEC
May 8, 2026·SEC
Starwood Property Trust, Inc. (STWD) fundamental analysis — strengths, weaknesses & financial health based on data analysis
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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) |
|---|---|---|---|
| Q2 2026Latest | May 8, 2026 | $0.39vs $0.42-7.1% | $512Mvs $496M+3.3% |
| Q1 2026 | 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% |
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
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 880.59M | 1.11B | 1.32B | 1.14B | 1.19B | 1.55B | 2.05B | 2.04B | 1.88B | 1.99B |
Revenue Growth % | 11.99% | 26.42% | 18.43% | -13.75% | 4.49% | 30.7% | 32.12% | -0.53% | -7.88% | 7.65% |
Property Operating Expenses | 405.58M | 522.55M | 469.88M | 437.69M | 448.92M | 302.89M | 290.38M | 281.63M | 366.53M | 413.29M |
Net Operating Income (NOI) | 475M▲ 0% | 590.7M▲ 24.4% | 848.56M▲ 43.7% | 699.49M▼ 17.6% | 739.34M▲ 5.7% | 1.25B▲ 69.1% | 1.76B▲ 40.9% | 1.76B▼ 0.1% | 1.51B▼ 14.0% | 1.57B▲ 0% |
NOI Margin % | 53.94% | 53.06% | 64.36% | 61.51% | 62.22% | 80.5% | 85.85% | 86.2% | 80.51% | 79.18% |
Operating Expenses | 67.68M | -28.38M | -18.82M | 55.95M | -58.17M | 188M | 347.32M | 115.71M | 80.87M | 128.31M |
G&A Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
EBITDA | 500.93M | 751.73M | 980.7M | 739.57M | 881.89M | 1.11B | 1.47B | 1.69B | 1.51B | 1.55B |
EBITDA Margin % | 56.89% | 67.53% | 74.38% | 65.04% | 74.22% | 71.67% | 71.41% | 82.64% | 80.57% | 77.97% |
Depreciation & Amortization | 93.6M | 132.65M | 113.32M | 96.03M | 84.39M | 50.96M | 51.09M | 43.09M | 82.06M | 104.3M |
D&A / Revenue % | 10.63% | 11.92% | 8.6% | 8.44% | 7.1% | 3.28% | 2.49% | 2.11% | 4.36% | 5.25% |
Operating Income | 407.33M▲ 0% | 619.08M▲ 52.0% | 867.38M▲ 40.1% | 643.54M▼ 25.8% | 797.51M▲ 23.9% | 1.06B▲ 33.2% | 1.41B▲ 33.1% | 1.64B▲ 16.2% | 1.43B▼ 12.8% | 1.44B▲ 0% |
Operating Margin % | 46.26% | 55.61% | 65.79% | 56.59% | 67.12% | 68.39% | 68.92% | 80.53% | 76.2% | 72.72% |
Interest Expense | 295.67M | 408.19M | 508.73M | 419.76M | 445.09M | 797.12M | 1.44B | 1.35B | 1.28B | 4M |
Interest Coverage | 2.50x | 2.05x | 2.08x | 1.92x | 2.13x | 2.25x | 1.29x | 1.30x | 1.38x | - |
Non-Operating Income | -332.63M | -215.67M | -191.52M | -162.5M | -148.68M | -732.46M | -439.3M | -110.99M | -324.02M | -283.53M |
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% | 413.42M▲ 0% |
Pretax Margin % | 50.45% | 38.31% | 41.73% | 33.97% | 42.17% | 64.23% | 20.34% | 19.89% | 25.52% | 20.82% |
Income Tax | 31.52M | 15.33M | 13.23M | 20.2M | 8.67M | -61.52M | -682K | 25.43M | 36.72M | 29.01M |
Effective Tax Rate % | 7.09% | 3.59% | 2.41% | 5.23% | 1.73% | -6.17% | -0.16% | 6.26% | 7.65% | 7.02% |
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% | 351.17M▲ 0% |
Net Margin % | 45.51% | 34.66% | 38.66% | 29.17% | 37.68% | 56.11% | 16.53% | 17.63% | 21.89% | 17.69% |
Net Income Growth % | 9.74% | -3.73% | 32.1% | -34.92% | 34.99% | 94.64% | -61.08% | 6.11% | 14.34% | 10.48% |
Funds From Operations (FFO) | 494.37M▲ 0% | 518.48M▲ 4.9% | 622.99M▲ 20.2% | 427.71M▼ 31.3% | 532.13M▲ 24.4% | 922.43M▲ 73.3% | 390.3M▼ 57.7% | 403.03M▲ 3.3% | 493.6M▲ 22.5% | 455.46M▲ 0% |
FFO Margin % | 56.14% | 46.57% | 47.25% | 37.61% | 44.78% | 59.39% | 19.02% | 19.75% | 26.25% | 22.94% |
FFO Growth % | 14.45% | 4.88% | 20.16% | -31.34% | 24.41% | 73.35% | -57.69% | 3.26% | 22.47% | 145.65% |
FFO per Share | 1.89 | 1.88 | 2.19 | 1.51 | 1.79 | 3.27 | 1.26 | 1.26 | 1.46 | 1.35 |
FFO Payout Ratio % | 101.47% | 98.36% | 86.43% | 127.86% | 104.1% | 64.12% | 154.03% | 153.83% | 135.51% | 185.79% |
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% | 1.04▲ 0% |
EPS Growth % | 1.33% | -7.89% | 27.86% | -35.2% | 31.03% | 103.29% | -65.37% | 4.67% | 8.93% | 11.7% |
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 | 337.14M |
Starwood Property Trust, Inc. (STWD) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Total Assets | 62.94B | 68.26B | 78.04B | 80.87B | 83.85B | 79.04B | 69.5B | 62.56B | 63.18B | 62.09B |
Asset Growth % | -18.53% | 8.45% | 14.33% | 3.63% | 3.68% | -5.73% | -12.07% | -10% | 1% | -4.61% |
Real Estate & Other Assets | -5.01B | -5.47B | -359.57M | -2.27B | -2.31B | -3B | 44.21B | -3.03B | 38.3B | -6.01B |
PP&E (Net) | 2.65B | 2.78B | 0 | 2.27B | 0 | 0 | 0 | 0 | 0 | 0 |
Investment Securities | 1000K | 1000K | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
Total Current Assets | 1.14B | 1.21B | 0 | 659.2M | 0 | 0 | 458.96M | 0 | 925.61M | 775.9M |
Cash & Equivalents | 369.45M | 239.82M | 574.03M | 563.22M | 217.36M | 261.06M | 194.66M | 377.83M | 499.48M | 290.29M |
Receivables | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
Other Current Assets | 0 | 0 | -638.12M | 0 | -477.6M | -542.97M | 0 | -639.4M | 175.17M | 0 |
Intangible Assets | 183.09M | 145.03M | 0 | 70.12M | 63.56M | 68.77M | 64.97M | 60.7M | 436.06M | 426.65M |
Total Liabilities | 58.36B | 63.36B | 72.91B | 76.01B | 77.2B | 71.84B | 62.48B | 55.36B | 55.69B | 54.74B |
Total Debt | 7.97B | 10.76B | 11.78B | 7B | 7.48B | 9.71B | 8.87B | 9.01B | 22.09B | 23.14B |
Net Debt | 7.6B | 10.52B | 11.21B | 6.44B | 7.26B | 9.45B | 8.67B | 8.63B | 21.59B | 22.85B |
Long-Term Debt | 4.72B | 4.92B | 10.72B | 5.66B | 6.14B | 8.39B | 7.82B | 8.17B | 12.21B | 20.65B |
Short-Term Borrowings | 0 | 0 | 1.05B | 1.35B | 1.34B | 1.32B | 1.05B | 831.32M | 9.89B | 2.49B |
Capital Lease Obligations | 0 | 0 | 13.24M | 0 | 0 | 0 | 32.51M | 0 | 0 | 0 |
Total Current Liabilities | 51.06B | 53.47B | 0 | 1.55B | 0 | 0 | 1.29B | 0 | 10.1B | 2.49B |
Accounts Payable | 168.28M | 217.66M | 0 | 200.78M | 189.7M | 299M | 244.86M | 0 | 0 | 0 |
Deferred Revenue | -6.9B | 63.36B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Liabilities | -4.72B | -4.92B | -10.73B | 0 | -6.14B | -8.39B | 54.08B | -8.17B | 33.39B | 31.6B |
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% | 7.35B▲ 0% |
Equity Growth % | 0.42% | 7.01% | 4.83% | -5.34% | 36.73% | 8.27% | -2.44% | 2.43% | 4.12% | 13.57% |
Shareholders Equity | 4.48B | 4.6B | 4.7B | 4.49B | 6.07B | 6.46B | 6.25B | 6.44B | 6.8B | 6.67B |
Minority Interest | 100.79M | 296.76M | 436.59M | 373.68M | 576.27M | 736.27M | 771.89M | 756.37M | 693.99M | 683.26M |
Common Stock | 2.66M | 2.81M | 2.87M | 2.92M | 3.12M | 3.18M | 3.21M | 3.45M | 3.78M | 3.79M |
Additional Paid-in Capital | 4.72B | 5B | 5.13B | 5.21B | 5.67B | 5.81B | 5.86B | 6.32B | 6.96B | 6.97B |
Retained Earnings | -217.31M | -349M | -381.72M | -629.73M | 493.11M | 769.24M | 505.88M | 235.32M | -39.02M | -165.87M |
Preferred Stock | 0 | 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% | 0.56% |
Return on Equity (ROE) | 8.77% | 8.14% | 10.16% | 6.63% | 7.78% | 12.59% | 4.77% | 5.06% | 5.61% | 4.75% |
Debt / Assets | 12.67% | 15.76% | 15.1% | 8.66% | 8.92% | 12.28% | 12.76% | 14.4% | 34.97% | 37.27% |
Debt / Equity | 1.74x | 2.20x | 2.29x | 1.44x | 1.12x | 1.35x | 1.26x | 1.25x | 2.95x | 3.15x |
Net Debt / EBITDA | 15.18x | 13.99x | 11.43x | 8.70x | 8.23x | 8.49x | 5.92x | 5.12x | 14.26x | 14.76x |
Book Value per Share | 17.47 | 17.78 | 18.04 | 17.21 | 22.40 | 25.48 | 22.62 | 22.44 | 22.21 | 21.80 |
Starwood Property Trust, Inc. (STWD) cash flow — operating, investing & free cash flow history
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operations | -246.84M | 585.47M | -13.2M | 1.05B | -989.98M | 213.74M | 528.6M | 646.59M | 977.85M | 832.55M |
Operating CF Growth % | -144.35% | 337.19% | -102.25% | 8021.42% | -194.68% | 121.59% | 147.31% | 22.32% | 51.23% | -219.88% |
Operating CF / Revenue % | -28.03% | 52.59% | -1% | 91.94% | -83.31% | 13.76% | 25.76% | 31.68% | 52.01% | 41.94% |
Net Income | 412.77M | 411.2M | 536.93M | 366.08M | 492.43M | 1.06B | 418.16M | 380.58M | 443.09M | 351.17M |
Depreciation & Amortization | 90.9M | 130.84M | 113.39M | 94.15M | 84.59M | 53.94M | 54.3M | 46.26M | 84.83M | 98.01M |
Stock-Based Compensation | 37.75M | 43.55M | 48.07M | 31.24M | 39.29M | 40.19M | 39.25M | 41.79M | 54.09M | 54.74M |
Other Non-Cash Items | -729.49M | 94.03M | -501.62M | 692.24M | -1.42B | -918.25M | 252.87M | 225.51M | 533.98M | 396.89M |
Working Capital Changes | -102.12M | -27.23M | -152.52M | -177.13M | -87.31M | -21.2M | -235.97M | -47.54M | -138.15M | -101.5M |
Cash from Investing | -1.04B | -2.52B | -775.87M | -911.8M | -4.28B | -2.95B | 855.07M | 2.08B | -3.78B | -3.86B |
Acquisitions (Net) | -17.64M | -2.16B | 30.86M | 25.16M | 26.27M | 617K | 824K | 4.4M | -807.94M | 0 |
Purchase of Investments | -171.1M | -525.08M | -159.15M | -100.34M | -261.67M | -106.05M | -56.59M | -115.09M | -136.45M | -6.16B |
Sale of Investments | 275.98M | 419.87M | 251.74M | 118.46M | 145.66M | 318.83M | 136.43M | 329.86M | 382.49M | -61.23M |
Other Investing | -549.87M | -202.28M | -868.46M | -929.92M | -4.17B | -3.14B | 799.5M | 1.89B | -2.95B | 2.71B |
Cash from Financing | 1.05B | 2B | 876.72M | 13.28M | 4.87B | 2.8B | -1.45B | -2.49B | 2.92B | 3B |
Dividends Paid | -501.66M | -509.97M | -538.42M | -546.88M | -553.93M | -591.46M | -601.19M | -620M | -668.86M | -846.19M |
Common Dividends | -501.66M | -509.97M | -538.42M | -546.88M | -553.93M | -591.46M | -601.19M | -620M | -668.86M | -846.19M |
Debt Issuance (Net) | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | -1000K | -1000K | 1000K | 4M |
Share Repurchases | 0 | -12.09M | 0 | -33.83M | 0 | 0 | 0 | 0 | 0 | 0 |
Other Financing | -26.84M | -217.35M | 106.74M | -33.94M | 223.29M | -3.94M | 106.01M | -47.82M | 30.59M | 795.31M |
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% | 120.65M▼ 50.1% | -26.29M▲ 0% |
Exchange Rate Effect | 3.23M | 207K | -1.49M | 1.1M | -1.72M | -1.09M | 731K | -2.62M | -306K | -891K |
Cash at Beginning | 650.75M | 418.27M | 487.87M | 574.03M | 722.16M | 321.91M | 382.13M | 311.97M | 554M | 674.65M |
Cash at End | 418.27M | 487.87M | 574.03M | 722.16M | 321.91M | 382.13M | 311.97M | 554M | 674.65M | 666.06M |
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% | 708.81M▲ 14.6% | 632.62M▲ 0% |
FCF Growth % | -204.01% | 164.66% | -108.3% | 2415.69% | -199.59% | 118.55% | 167.09% | 22.87% | 14.57% | -21.06% |
FCF / Revenue % | -93.21% | 47.67% | -3.34% | 89.73% | -85.52% | 12.14% | 24.54% | 30.31% | 37.7% | 31.87% |
Starwood Property Trust, Inc. (STWD) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
FFO per Share | 1.89 | 1.88 | 2.19 | 1.51 | 1.79 | 3.27 | 1.26 | 1.26 | 1.46 | 1.35 |
FFO Payout Ratio | 101.47% | 98.36% | 86.43% | 127.86% | 104.1% | 64.12% | 154.03% | 153.83% | 135.51% | 185.79% |
NOI Margin | 53.94% | 53.06% | 64.36% | 61.51% | 62.22% | 80.5% | 85.85% | 86.2% | 80.51% | 79.18% |
Net Debt / EBITDA | 15.18x | 13.99x | 11.43x | 8.70x | 8.23x | 8.49x | 5.92x | 5.12x | 14.26x | 14.76x |
Debt / Assets | 12.67% | 15.76% | 15.1% | 8.66% | 8.92% | 12.28% | 12.76% | 14.4% | 34.97% | 37.27% |
Interest Coverage | 2.50x | 2.05x | 2.08x | 1.92x | 2.13x | 2.25x | 1.29x | 1.30x | 1.38x | - |
Book Value / Share | 17.47 | 17.78 | 18.04 | 17.21 | 22.4 | 25.48 | 22.62 | 22.44 | 22.21 | 21.8 |
Revenue Growth | 11.99% | 26.42% | 18.43% | -13.75% | 4.49% | 30.7% | 32.12% | -0.53% | -7.88% | 7.65% |
Starwood Property Trust, Inc. (STWD) SEC filings — annual & quarterly reports (10-K, 10-Q)
May 12, 2026·SEC
May 11, 2026·SEC
May 8, 2026·SEC
Starwood Property Trust, Inc. (STWD) stock FAQ — growth, dividends, profitability & financials explained
Starwood Property Trust, Inc. (STWD) reported $1.99B in revenue for fiscal year 2025. This represents a 28559% 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 $351.2M in net income for fiscal year 2025 (21.9% net margin).
Yes, Starwood Property Trust, Inc. (STWD) pays a dividend with a yield of 11.88%. This makes it attractive for income-focused investors.
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 $455.5M in the trailing twelve months. FFO is the primary profitability metric for REITs.
Starwood Property Trust, Inc. (STWD) offers a 11.88% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.