Starwood Property Trust, Inc. (STWD) Financial Ratios
17 years of historical data (2009–2025) · Real Estate · REIT - Mortgage
EV/EBITDA
↓
18.94
↓-96% vs avg
5yr avg: 437.72
30Y Low6.4·High54.6
P/FCF
↓
7.09
↓-50% vs avg
5yr avg: 14.11
30Y Low5.3·High129.6
P/B Ratio
↓
0.83
-6% vs avg
5yr avg: 0.88
30Y Low0.6·High1.4
ROE
↓
5.6%
↑-22% vs avg
5yr avg: 7.2%
30Y Low-0%·High13%
Debt/EBITDA
↓
14.68
↓-94% vs avg
5yr avg: 266.11
30Y Low4.3·High28.2
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
STWD Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Starwood Property Trust, Inc. trades at 15.0x earnings, roughly in line with its 5-year average of 14.6x, sitting at the 69th percentile of its historical range. Compared to the Real Estate sector median P/E of 24.3x, the stock trades at a discount of 38%. On a free-cash-flow basis, the stock trades at 7.1x P/FCF, 50% below the 5-year average of 14.1x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $6.9B | $6.1B | $6.1B | $6.5B | $5.2B | $7.2B | $5.5B | $7.1B | $5.4B | $5.6B | $5.3B |
| Enterprise Value | $28.6B | $27.8B | $14.7B | $15.2B | $14.6B | $14.5B | $11.9B | $18.3B | $16.0B | $13.2B | $10.9B |
| P/E Ratio → | 15.02 | 14.76 | 16.92 | 19.64 | 5.93 | 15.99 | 16.64 | 13.89 | 14.08 | 14.05 | 14.63 |
| P/S Ratio | 3.69 | 3.23 | 2.98 | 3.18 | 3.33 | 6.07 | 4.79 | 5.37 | 4.88 | 6.35 | 6.75 |
| P/B Ratio | 0.83 | 0.81 | 0.84 | 0.93 | 0.72 | 1.08 | 1.12 | 1.38 | 1.11 | 1.22 | 1.16 |
| P/FCF | 7.09 | 6.21 | 9.82 | 12.96 | 27.47 | — | 5.34 | — | 10.24 | — | 6.73 |
| P/OCF | 7.09 | 6.21 | 9.40 | 12.35 | 24.23 | — | 5.21 | — | 9.28 | — | 9.53 |
P/E links to full P/E history page with 30-year chart
STWD EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Starwood Property Trust, Inc.'s enterprise value stands at 18.9x EBITDA, 96% below its 5-year average of 437.7x. The Real Estate sector median is 16.7x, placing the stock at a 13% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 14.77 | 7.20 | 7.41 | 9.42 | 12.18 | 10.45 | 13.87 | 14.33 | 14.99 | 13.85 |
| EV / EBITDA | 18.94 | 18.37 | 1815.21 | 294.01 | 6.43 | 54.56 | — | 18.78 | 12.24 | 21.36 | 20.20 |
| EV / EBIT | 19.98 | 15.81 | — | 2978.83 | 13.77 | — | — | — | 25.76 | 32.40 | 17.72 |
| EV / FCF | — | 28.40 | 23.77 | 30.18 | 77.58 | — | 11.65 | — | 30.05 | — | 13.80 |
STWD Profitability
Margins and return-on-capital ratios measuring operating efficiency
Starwood Property Trust, Inc. earns an operating margin of 76.2%, significantly above the Real Estate sector average of 25.0%. Operating margins have expanded from 0.1% to 76.2% over the past 3 years, signaling improving operational efficiency. ROE of 5.6% is modest. ROIC of 4.8% represents below-average returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 80.5% | 80.5% | 17.3% | 37.9% | 90.5% | 50.9% | 72.3% | 63.4% | 63.7% | 60.7% | 76.3% |
| Operating Margin | 76.2% | 76.2% | 0.4% | 0.1% | 114.8% | 22.3% | — | 39.7% | 72.7% | 16.4% | 46.8% |
| Net Profit Margin | 21.9% | 21.9% | 17.6% | 16.5% | 56.1% | 37.7% | 29.2% | 38.7% | 34.7% | 45.5% | 46.4% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 5.6% | 5.6% | 5.1% | 4.8% | 12.6% | 7.8% | 6.6% | 10.2% | 8.1% | 8.8% | 8.4% |
| ROA | 0.7% | 0.7% | 0.5% | 0.5% | 1.1% | 0.5% | 0.4% | 0.7% | 0.6% | 0.6% | 0.4% |
| ROIC | 4.8% | 4.8% | 0.0% | 0.0% | 8.7% | 1.6% | — | 2.5% | 4.4% | 1.0% | 2.8% |
| ROCE | 2.4% | 2.4% | 0.0% | 0.0% | 2.2% | 0.3% | — | 0.7% | 6.1% | 1.3% | 3.6% |
STWD Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Starwood Property Trust, Inc. carries a Debt/EBITDA ratio of 14.7x, which is highly leveraged (88% above the sector average of 7.8x). Net debt stands at $21.7B ($22.2B total debt minus $499M cash). Interest coverage of just 1.1x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 2.96 | 2.96 | 1.25 | 1.26 | 1.35 | 1.12 | 1.44 | 2.29 | 2.20 | 1.74 | 1.36 |
| Debt / EBITDA | 14.68 | 14.68 | 1111.89 | 171.51 | 4.27 | 28.19 | — | 12.10 | 8.25 | 12.90 | 11.50 |
| Net Debt / Equity | — | 2.90 | 1.20 | 1.23 | 1.31 | 1.09 | 1.32 | 2.18 | 2.15 | 1.66 | 1.22 |
| Net Debt / EBITDA | 14.35 | 14.35 | 1065.24 | 167.75 | 4.16 | 27.37 | — | 11.51 | 8.07 | 12.30 | 10.36 |
| Debt / FCF | — | 22.19 | 13.95 | 17.22 | 50.11 | — | 6.31 | — | 19.82 | — | 7.08 |
| Interest Coverage | 1.12 | 1.12 | 0.01 | 0.00 | 2.24 | 0.60 | — | 1.03 | 1.98 | 0.49 | 1.59 |
STWD Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.36x is below 1.0, meaning current liabilities exceed current assets.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.36 | 0.36 | — | 0.36 | — | — | 0.42 | — | 0.02 | 0.02 | 0.02 |
| Quick Ratio | 0.36 | 0.36 | — | 0.36 | — | — | 0.42 | — | 0.02 | 0.02 | 0.02 |
| Cash Ratio | 0.30 | 0.30 | — | 0.20 | — | — | 0.36 | — | 0.00 | 0.01 | 0.01 |
| Asset Turnover | — | 0.03 | 0.03 | 0.03 | 0.02 | 0.01 | 0.01 | 0.02 | 0.02 | 0.01 | 0.01 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
STWD Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Starwood Property Trust, Inc. does not currently pay a dividend and has no material buyback yield, reinvesting earnings back into the business. The earnings yield of 6.7% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | 10.2% | 9.2% | 11.4% | 7.7% | 10.0% | 7.6% | 9.4% | 9.0% | 8.6% |
| Payout Ratio | — | — | 172.3% | 177.2% | 67.9% | 123.7% | 164.9% | 105.6% | 132.2% | 125.2% | 125.5% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 6.7% | 6.8% | 5.9% | 5.1% | 16.9% | 6.3% | 6.0% | 7.2% | 7.1% | 7.1% | 6.8% |
| FCF Yield | 14.1% | 16.1% | 10.2% | 7.7% | 3.6% | — | 18.7% | — | 9.8% | — | 14.9% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.6% | 0.0% | 0.2% | 0.0% | 0.4% |
| Total Shareholder Yield | 0.0% | 0.0% | 10.2% | 9.2% | 11.4% | 7.7% | 10.7% | 7.6% | 9.6% | 9.0% | 9.0% |
| Shares Outstanding | — | $337M | $321M | $311M | $282M | $297M | $282M | $285M | $276M | $262M | $242M |
Peer Comparison
Compare STWD with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 STWDYou | $7B | 15.0 | 18.9 | 7.1 | 80.5% | 76.2% | 5.6% | 4.8% | 14.7 |
 BXMT | $3B | 30.1 | 16.4 | 11.8 | 76.9% | 71.6% | 3.0% | 4.3% | 14.0 |
 RC | $330M | -0.8 | — | — | 100.0% | — | -19.0% | — | — |
 ARI | $1B | 13.5 | 19.4 | 34.4 | 80.1% | 65.4% | 6.8% | 4.0% | 16.7 |
 KREF | $422M | -6.3 | 18.3 | 6.3 | 88.3% | 59.3% | -3.6% | 3.4% | 17.1 |
 TRTX | $664M | 15.1 | 15.1 | 7.3 | 79.3% | 73.0% | 5.5% | 4.7% | 12.9 |
 GPMT | $71M | -1.3 | 20.7 | 26.6 | 83.0% | 43.6% | -7.0% | 2.6% | 20.6 |
 BRSP | $775M | -22.9 | 19.0 | 10.6 | 49.6% | 39.5% | -3.2% | 3.0% | 14.8 |
 LADR | $1B | 20.2 | 17.3 | 15.0 | 71.8% | 62.0% | 4.3% | 4.4% | 12.7 |
 ACRE | $287M | -318.3 | 18.6 | 13.5 | 67.2% | 72.4% | -0.2% | 2.9% | 14.9 |
 FBRT | $705M | 14.3 | 49.1 | 2.4 | — | — | 5.4% | 1.2% | 43.6 |
| Real Estate Median | — | 24.3 | 16.7 | 15.7 | 50.7% | 25.0% | 3.5% | 2.6% | 7.8 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 17 years · Updated daily
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Start ComparisonSTWD — Frequently Asked Questions
Quick answers to the most common questions about buying STWD stock.
What is Starwood Property Trust, Inc.'s P/E ratio?
Starwood Property Trust, Inc.'s current P/E ratio is 15.0x. The historical average is 13.5x. This places it at the 69th percentile of its historical range.
What is Starwood Property Trust, Inc.'s EV/EBITDA?
Starwood Property Trust, Inc.'s current EV/EBITDA is 18.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 24.5x.
What is Starwood Property Trust, Inc.'s ROE?
Starwood Property Trust, Inc.'s return on equity (ROE) is 5.6%. The historical average is 7.7%.
Is STWD stock overvalued?
Based on historical data, Starwood Property Trust, Inc. is trading at a P/E of 15.0x. This is at the 69th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are Starwood Property Trust, Inc.'s profit margins?
Starwood Property Trust, Inc. has 80.5% gross margin and 76.2% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Starwood Property Trust, Inc. have?
Starwood Property Trust, Inc.'s Debt/EBITDA ratio is 14.7x, indicating high leverage. A ratio above 4x may signal elevated financial risk.